Codorus Valley Bancorp Inc (CVLY) Financial Statements (2024 and earlier)

Company Profile

Business Address CODORUS VALLEY CORPORATE CENTER
YORK, PA 17403
State of Incorp. PA
Fiscal Year End December 31
Industry (SIC) 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments120,439545,494335,793131,59196,78279,524
Cash and cash equivalents120,439545,494335,793131,59196,78279,524
Financing receivable, accrued interest, after allowance for credit loss   
Net investment in lease, accrued interest, after allowance for credit loss   
Total current assets:120,439545,494335,793131,59196,78279,524
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization9941,0411,0871,134
Operating lease, right-of-use asset3,0721,6972,3863,021
Property, plant and equipment21,13621,95525,20625,96724,72424,382
Intangible assets, net (including goodwill)2,3012,3012,3012,3012,3012,301
Goodwill2,3012,3012,3012,3012,3012,301
Total noncurrent assets:27,50326,99430,98032,42327,02526,683
Other undisclosed assets2,047,1101,846,0841,795,4261,722,5311,683,6731,602,998
TOTAL ASSETS:2,195,0522,418,5722,162,1991,886,5451,807,4801,709,205
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt11,60510,7618,5407,9257,02220,495
Total current liabilities:11,60510,7618,5407,9257,02220,495
Noncurrent Liabilities
Other undisclosed liabilities2,006,1472,212,3061,955,6991,687,4521,621,7121,524,491
Total liabilities:2,017,7522,223,0671,964,2391,695,3771,628,7341,544,986
Equity
Equity, attributable to parent177,300195,505197,960191,168178,746164,219
Common stock24,70924,70824,55224,39023,62922,265
Treasury stock, value(6,687)(8,875)    
Additional paid in capital141,896142,067141,461140,450134,506120,052
Accumulated other comprehensive income (loss)(34,764)(164)3,5671,309(2,226)(958)
Retained earnings52,14637,76928,38025,01922,83722,860
Total equity:177,300195,505197,960191,168178,746164,219
TOTAL LIABILITIES AND EQUITY:2,195,0522,418,5722,162,1991,886,5451,807,4801,709,205

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues90,95580,62484,22991,17686,28179,802
Net investment income84,65371,69175,71385,31780,32170,415
Cost of revenue (3,663)(14,675)(2,450)(2,700)(4,175)
Provision for loan, lease, and other losses (3,663)(14,675)(2,450)(2,700)
Financial services costs(4,175)
Gross profit:90,95576,96169,55488,72683,58175,627
Operating expenses(13,290)(11,487)(10,002)(10,062)(9,473)(35,013)
Other operating income, net
(Noninterest Income, Other Operating Income)
1,8801,9981,6861,9651,6501,107
Operating income:79,54567,47261,23880,62975,75841,721
Nonoperating income
(Bank Owned Life Insurance Income)
1,2561,3431,1311,2529721,028
Interest and debt expense(9,401)(9,591)(15,253)(21,378)(16,401)(10,868)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (36,643)(36,831)(35,605)(9,973)
Income from continuing operations before equity method investments, income taxes:71,40059,22410,47323,67224,72421,908
Other undisclosed loss from continuing operations before income taxes(45,752)(40,637)    
Income from continuing operations before income taxes:25,64818,58710,47323,67224,72421,908
Income tax expense(5,556)(3,928)(2,031)(5,025)(5,182)(9,904)
Income from continuing operations:20,09214,6598,44218,64719,54212,004
Income before gain (loss) on sale of properties:14,6598,44218,64719,54212,004
Net income available to common stockholders, diluted:20,09214,6598,44218,64719,54212,004

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:20,09214,6598,44218,64719,54212,004
Other comprehensive income (loss)(34,600)     
Comprehensive income (loss):(14,508)14,6598,44218,64719,54212,004
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (3,731)2,2583,535(1,268)333
Comprehensive income (loss), net of tax, attributable to parent:(14,508)10,92810,70022,18218,27412,337

Statements Sources

The financial statements are based on the Company's filings with 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: