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)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments33,69151,30789,616103,265120,439222,796
Cash and cash equivalents33,69151,30789,616103,265120,439222,796
Financing receivable, accrued interest, after allowance for credit loss6,5005,3005,0004,900  
Net investment in lease, accrued interest, after allowance for credit loss1,5001,6001,4001,400  
Total current assets:41,69158,20796,016109,565120,439222,796
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization9479599709829941,005
Operating lease, right-of-use asset2,7462,6182,7722,9333,0723,242
Property, plant and equipment19,56319,56219,67221,29721,13621,094
Intangible assets, net (including goodwill)2,3012,3012,3012,3012,3012,301
Goodwill2,3012,3012,3012,3012,3012,301
Total noncurrent assets:25,55725,44025,71527,51327,50327,642
Other undisclosed assets2,127,5502,106,9452,093,9862,061,6492,047,1102,007,967
TOTAL ASSETS:2,194,7982,190,5922,215,7172,198,7272,195,0522,258,405
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt56,54139,09983,32061,37111,60513,251
Total current liabilities:56,54139,09983,32061,37111,60513,251
Noncurrent Liabilities
Other undisclosed liabilities1,938,6521,968,1301,946,5281,952,4102,006,1472,076,815
Total liabilities:1,995,1932,007,2292,029,8482,013,7812,017,7522,090,066
Equity
Equity, attributable to parent199,605183,363185,869184,946177,300168,339
Common stock24,70924,70924,70924,70924,70924,709
Treasury stock, value(5,288)(5,818)(5,994)(6,376)(6,687)(7,448)
Additional paid in capital142,633142,525142,272142,098141,896141,929
Accumulated other comprehensive loss(31,082)(42,869)(35,650)(30,941)(34,764)(36,499)
Retained earnings68,63364,81660,53255,45652,14645,648
Total equity:199,605183,363185,869184,946177,300168,339
TOTAL LIABILITIES AND EQUITY:2,194,7982,190,5922,215,7172,198,7272,195,0522,258,405

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues31,52930,72329,58427,48626,68322,998
Net investment income29,94229,07327,99026,29325,40022,673
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
767(251) (738)  
Gross profit:32,29630,47229,58426,74826,68322,998
Operating expenses(3,645)(2,723)(2,689)(3,074)(4,005)(2,798)
Other operating income, net
(Noninterest Income, Other Operating Income)
773549587862401528
Operating income:29,42428,29827,48224,53623,07920,728
Nonoperating income
(Bank Owned Life Insurance Income)
405396329322315322
Interest and debt expense(10,776)(9,701)(8,091)(5,738)(3,939)(2,322)
Income from continuing operations before equity method investments, income taxes:19,05318,99319,72019,12019,45518,728
Other undisclosed loss from continuing operations before income taxes(12,165)(11,575)(11,169)(10,134)(9,327)(9,521)
Income from continuing operations before income taxes:6,8887,4188,5518,98610,1289,207
Income tax expense(1,435)(1,501)(1,940)(1,994)(2,196)(2,053)
Income from continuing operations:5,4535,9176,6116,9927,9327,154
Income before gain (loss) on sale of properties:7,154
Net income available to common stockholders, diluted:5,4535,9176,6116,9927,9327,154

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income:5,4535,9176,6116,9927,9327,154
Other comprehensive income (loss)3,773(7,219)(4,709)3,823  
Other undisclosed comprehensive loss     (34,600) 
Comprehensive income (loss):9,226(1,302)1,90210,815(26,668)7,154
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 8,014   36,335(13,037)
Comprehensive income (loss), net of tax, attributable to parent:17,240(1,302)1,90210,8159,667(5,883)

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: