Cortland Bancorp (CLDB) financial statements (2022 and earlier)

Company profile

Business Address 194 W MAIN ST
CORTLAND, OH 44410
State of Incorp. OH
Fiscal Year End December 31
SIC 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments73,26547,27736,10848,63333,09843,11727,815
Cash and cash equivalents73,26547,27736,10848,63333,09843,11727,815
Total current assets:73,26547,27736,10848,63333,09843,11727,815
Noncurrent Assets
Operating lease, right-of-use asset      1,800
Property, plant and equipment11,26311,48511,69311,88512,03412,21112,018
Total noncurrent assets:11,26311,48511,69311,88512,03412,21113,818
Other undisclosed assets708,470732,943773,504751,107734,885657,322695,529
TOTAL ASSETS:792,998791,705821,305811,625780,017712,650737,162
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2,8971,7933,4888,08810,3283,7501,922
Total current liabilities:2,8971,7933,4888,08810,3283,7501,922
Noncurrent Liabilities
Long-term debt and lease obligation10,00010,00016,00024,00024,00022,00024,000
Long-term debt, excluding current maturities10,00010,00016,00024,00024,00022,00024,000
Total noncurrent liabilities:10,00010,00016,00024,00024,00022,00024,000
Other undisclosed liabilities696,878698,816720,812701,389669,917613,691636,902
Total liabilities:709,775710,609740,300733,477704,245639,441662,824
Stockholders' equity
Stockholders' equity attributable to parent83,22381,09681,00578,14875,77273,20974,338
Common stock23,64123,64123,64123,64123,64123,64123,641
Treasury stock, value(10,582)(10,506)(10,604)(10,604)(10,604)(10,892)(7,924)
Additional paid in capital21,08721,01821,23821,15321,06921,31421,266
Accumulated other comprehensive income3,8923,1174,8674,3013,5812,4011,168
Retained earnings45,18543,82641,86339,65738,08536,74536,187
Total stockholders' equity:83,22381,09681,00578,14875,77273,20974,338
TOTAL LIABILITIES AND EQUITY:792,998791,705821,305811,625780,017712,650737,162

Income statement (P&L) ($ in thousands)

6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
Revenues7,3367,7327,9927,9527,5187,5267,809
Gain on disposition of assets for financial service operations7148001,1191,281900596381
Net investment income6,6226,9326,8736,6716,6186,9307,428
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
   (525)(450)(600)(180)
Gross profit:7,3367,7327,9927,4277,0686,9267,629
Operating expenses(1,434)(1,121)(1,133)(1,172)(1,197)(1,223)(1,215)
Other operating income, net
(Noninterest Income, Other Operating Income)
11029346766209  
Operating income:6,0126,9047,3266,3216,0805,7036,414
Nonoperating income
(Bank Owned Life Insurance Income)
11511312090959396
Interest and debt expense(411)(534)(712)(868)(1,004)(1,225)(1,387)
Income from continuing operations before equity method investments, income taxes:5,7166,4836,7345,5435,1714,5715,123
Other undisclosed loss from continuing operations before income taxes(3,422)(3,236)(3,400)(3,021)(2,870)(2,994)(2,826)
Income from continuing operations before income taxes:2,2943,2473,3342,5222,3011,5772,297
Income tax expense(297)(481)(536)(360)(369)(206)(393)
Net income available to common stockholders, diluted:1,9972,7662,7982,1621,9321,3711,904

Comprehensive Income ($ in thousands)

6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
Net income:1,9972,7662,7982,1621,9321,3711,904
Other comprehensive income (loss)775(1,750)5667201,1801,233(93)
Comprehensive income, net of tax, attributable to parent:2,7721,0163,3642,8823,1122,6041,811

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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