Cortland bancorp inc (CLDB)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
INTEREST AND DIVIDEND INCOME
Interest and fees on loans

25,783

23,823

19,243

18,554

16,909

16,120

15,993

16,260

15,264

14,706

15,147

Interest and dividends on investment securities:
Taxable interest

1,769

2,118

2,098

2,026

2,343

2,677

2,498

3,174

4,241

5,397

6,789

Nontaxable interest

1,655

1,494

1,922

1,814

1,716

1,721

1,408

1,411

1,421

1,517

1,356

Dividends

137

152

131

117

126

126

131

139

133

160

176

Other interest income

299

162

98

44

19

21

30

31

51

92

155

Total interest and dividend income

29,643

27,749

23,492

22,555

21,113

20,665

20,060

21,015

21,110

21,872

23,623

INTEREST EXPENSE
Deposits

4,843

3,527

2,571

2,093

1,668

1,694

2,102

2,698

3,293

4,079

6,294

Short-term borrowings

5

6

7

7

4

3

3

5

5

10

9

Federal Home Loan Bank advances - short term

129

374

175

73

40

156

7

79

95

847

620

Federal Home Loan Bank advances - long term

374

287

299

633

804

943

1,202

1,189

1,247

1,338

2,184

Subordinated debt

203

189

138

112

91

88

90

100

92

93

127

Total interest expense

5,554

4,383

3,190

2,918

2,607

2,884

3,404

4,071

4,732

6,367

9,234

Net interest income

24,089

23,366

20,302

19,637

18,506

17,781

16,656

16,944

16,378

15,505

14,389

PROVISION FOR LOAN LOSSES

715

725

100

50

455

1,638

650

3,020

1,196

505

427

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES

23,374

22,641

20,202

19,587

18,051

16,143

16,006

13,924

15,182

15,000

13,962

NON-INTEREST INCOME
Fees for customer services

2,312

2,273

2,241

2,103

-

-

-

-

-

-

-

Investment securities available-for-sale (losses) gains, net (Note 2)

-44

-21

7

466

-

-

-

-

-

-

-

Fees for customer services

-

-

-

-

2,019

2,007

1,935

2,041

2,229

2,234

2,298

Investment securities available-for-sale (losses) gains, net

-

-

-

-

75

588

535

14

-

-

-

Trading security losses, net (Note 2)

-

-

-

-47

-11

327

185

-

-

-

-

Total other-than-temporary impairment losses

-

-

-

-

-

-

1,641

-

141

43

18,904

Total other-than-temporary impairment losses

-

-

-

-

-

-

-

35

-

-

-

Portion of gains recognized in other comprehensive income (before tax)

-

-

-

-

-

-

3,595

136

61

2,669

-4,402

Net impairment losses recognized in earnings

-

-

-

-

-

-

1,954

171

202

2,712

14,502

Investment securities available-for-sale gains - net

-

-

-

-

-

-

-

-

882

1,018

432

Mortgage banking gains, net

1,554

974

1,074

1,248

785

440

1,491

1,772

162

-

-

Earnings on bank-owned life insurance

392

1,869

1,203

328

338

336

324

379

496

525

553

Wealth management

-

-

-

95

-

-

-

-

-

-

-

Wealth management

-

-

-

-

435

313

218

-

-

-

-

Mortgage banking gains

-

-

-

-

-

-

-

-

-

236

265

Other real estate gains

-

-

170

13

-

-

-

-35

-113

-55

15

Other non-interest income

808

597

471

391

268

116

11

188

104

87

135

Total non-interest income

5,022

5,692

5,166

4,597

3,909

4,127

2,745

4,188

3,558

-

-

NON-INTEREST EXPENSES
Total non-interest income

-

-

-

-

-

-

-

-

-

1,333

-10,804

Salaries and employee benefits

11,198

10,260

10,631

10,169

9,311

9,147

9,844

8,706

7,366

6,389

7,434

Occupancy and equipment

2,400

2,232

2,331

2,151

2,019

1,912

1,896

1,794

1,734

1,801

1,849

State and local taxes

518

493

463

455

389

341

555

497

465

430

415

FDIC insurance

63

176

199

-

-

-

-

-

-

-

-

FDIC insurance

-

-

-

251

304

309

391

297

673

867

962

Professional fees

1,093

879

786

882

830

815

806

801

761

750

727

Advertising and marketing

388

322

478

527

454

277

240

-

-

-

-

Net losses from the extinguishment of debt

-

-

-

-242

-

-

-

-

-

-

-

Data processing fees

277

250

251

250

263

200

-

-

-

-

-

Office supplies

-

-

-

-

-

-

-

-

-

-

357

Other operating expenses

3,818

3,471

3,462

3,259

2,793

2,498

3,147

3,262

2,476

2,204

1,904

Total non-interest expenses

19,755

18,083

18,601

18,186

16,363

15,499

16,879

15,357

13,475

12,441

13,648

INCOME BEFORE FEDERAL INCOME TAX EXPENSE

8,641

10,250

6,767

5,998

5,597

4,771

1,872

-

-

-

-

INCOME BEFORE FEDERAL INCOME TAX EXPENSE

-

-

-

-

-

-

-

2,755

5,265

3,892

-10,490

Federal income tax expense

1,359

1,415

2,417

1,127

1,219

902

88

-158

1,193

621

-4,155

NET INCOME

7,282

8,835

4,350

4,871

4,378

3,869

1,784

2,913

4,072

3,271

-6,335

EARNINGS PER SHARE BASIC AND DILUTED

1.68

2.03

0.99

1.11

0.97

0.85

-

-

0.90

0.72

-1.40

EARNINGS PER SHARE

-

-

-

-

-

-

0.39

0.64

-

-

-

CASH DIVIDENDS DECLARED PER SHARE

0.50

0.49

0.39

0.28

0.24

0.18

0.12

0.03

-

-

0.00