Cortland bancorp inc (CLDB)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
INTEREST AND DIVIDEND INCOME
Interest and fees on loans

6,054

6,533

6,257

6,410

6,583

6,487

6,009

5,739

5,588

5,081

4,802

4,742

4,618

4,743

4,705

4,720

4,386

4,362

4,282

4,185

4,080

4,114

3,957

3,961

4,088

4,029

3,980

3,925

4,059

4,270

4,097

3,926

3,967

3,815

3,837

3,849

3,763

3,658

3,724

Interest and dividends on investment securities:
Taxable interest

337

329

382

498

560

565

522

539

492

485

508

539

566

495

470

506

555

578

547

548

670

640

673

681

683

672

561

617

648

707

634

882

951

979

1,070

1,079

1,113

1,251

1,473

Nontaxable interest

467

468

466

368

353

354

355

356

429

502

491

460

469

482

451

469

412

414

434

434

434

428

439

441

413

385

371

350

302

314

372

375

350

342

330

354

395

394

356

Dividends

16

34

29

38

36

43

35

40

34

39

31

34

27

31

23

35

28

35

28

35

28

34

29

35

28

35

30

36

30

41

29

37

32

35

28

38

32

39

46

Other interest income

56

64

90

87

58

40

41

53

28

22

30

30

16

11

11

10

12

6

4

4

5

6

5

5

5

8

6

10

6

15

4

7

5

6

10

18

17

28

20

Total interest and dividend income

6,930

7,428

7,224

7,401

7,590

7,489

6,962

6,727

6,571

6,129

5,862

5,805

5,696

5,762

5,660

5,740

5,393

5,395

5,295

5,206

5,217

5,222

5,103

5,123

5,217

5,129

4,948

4,938

5,045

5,347

5,136

5,227

5,305

5,177

5,275

5,338

5,320

5,370

5,619

INTEREST EXPENSE
Deposits

1,096

1,236

1,238

1,208

1,161

979

909

850

789

700

659

626

586

556

535

516

486

441

412

400

415

425

424

414

431

476

516

527

583

634

661

683

720

774

814

841

864

992

1,046

Securities sold under agreements to repurchase

1

-

1

2

1

-

1

2

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term borrowings

-

-

-

-

-

-

-

-

-

2

2

2

1

2

2

2

1

1

1

1

1

-

-

-

-

1

0

1

1

1

2

1

1

1

1

1

2

3

2

Short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

0

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal Home Loan Bank advances - short term

-

1

17

42

69

122

107

54

91

57

43

38

37

21

19

18

15

11

11

8

10

108

8

36

4

-63

35

20

15

18

23

19

19

16

5

23

51

227

214

Federal Home Loan Bank advances - long term

87

103

96

94

81

82

81

66

58

52

61

82

104

154

159

156

164

202

202

200

200

132

271

254

286

355

270

288

289

291

301

299

298

303

315

316

313

320

339

Subordinated debt

41

46

50

53

54

51

50

48

40

37

35

35

31

31

28

27

26

24

23

22

22

22

22

22

22

23

22

22

23

24

25

25

26

24

23

22

23

25

23

Total interest expense

1,225

1,387

1,402

1,399

1,366

1,236

1,148

1,020

979

848

800

783

759

764

743

719

692

679

649

631

648

688

726

726

744

792

843

858

911

968

1,012

1,027

1,064

1,118

1,158

1,203

1,253

1,567

1,624

Net interest income

5,705

6,041

5,822

6,002

6,224

6,253

5,814

5,707

5,592

5,281

5,062

5,022

4,937

4,998

4,917

5,021

4,701

4,716

4,646

4,575

4,569

4,534

4,377

4,397

4,473

4,337

4,105

4,080

4,134

4,379

4,124

4,200

4,241

4,059

4,117

4,135

4,067

3,803

3,995

PROVISION FOR LOAN LOSSES

600

180

180

180

175

75

75

75

500

-

100

-

-

-

50

-

-

65

100

130

160

1,150

188

150

150

150

150

150

200

2,120

300

330

270

324

324

374

174

30

120

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES

5,105

5,861

5,642

5,822

6,049

6,178

5,739

5,632

5,092

5,281

4,962

5,022

4,937

4,998

4,867

5,021

4,701

4,651

4,546

4,445

4,409

3,384

4,189

4,247

4,323

4,187

3,955

3,930

3,934

2,259

3,824

3,870

3,971

3,735

3,793

3,761

3,893

3,773

3,875

NON-INTEREST INCOME
Fees for customer services

542

611

617

560

524

565

569

584

555

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-44

-

0

0

-41

20

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fees for customer services

-

-

-

-

-

-

-

-

-

-

-

-

508

-

538

512

515

528

522

486

483

537

527

484

459

510

502

455

468

494

509

518

520

584

583

549

513

554

572

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

-

-

-

-

-

-

-

-

-

-

-7

22

9

-

83

17

358

-

-3

-

-

391

4

0

193

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trading security losses, net (Note 2)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-13

-34

-31

50

-38

8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other-than-temporary impairment losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

35

0

0

0

141

230

409

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

136

0

0

0

61

1,234

204

Net impairment losses recognized in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

171

0

0

0

202

1,464

613

Investment securities available-for-sale gains - net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

386

152

0

-

25

28

7

9

92

698

83

45

963

Trading security gains, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

54

141

126

-

173

-51

0

-

-

-

-

-

-

-

-

-

-

Mortgage banking gains, net

596

381

492

344

337

203

272

261

238

243

315

322

194

93

341

465

349

149

291

160

185

156

86

117

81

56

109

638

688

335

1,017

266

154

-

-

-

-

63

38

Earnings on bank-owned life insurance

93

96

86

79

131

79

82

1,631

77

79

967

82

75

75

80

92

81

83

83

86

86

88

87

88

73

74

66

99

85

-2

128

130

123

122

124

126

124

130

128

Wealth management

-

-

-

-

-

-

-

-

-

-

15

7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Wealth management

-

-

-

-

-

-

-

-

-

-

-

-

7

-

10

19

21

72

56

117

190

80

68

84

81

102

51

40

25

-

-

-

-

-

-

-

-

-

-

Mortgage banking gains

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25

20

16

-

-

Other real estate gains

-

-

-

-

-

-

-

-

-

-

170

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-38

13

-

-

13

2

-

-42

28

-71

-28

-56

-

Other non-interest income

221

251

232

113

212

108

225

142

122

75

144

145

107

133

68

73

117

71

47

47

103

37

8

33

38

-20

-8

34

5

22

20

84

62

41

18

18

27

17

26

Total non-interest income

1,452

1,339

1,427

1,052

1,204

955

1,148

2,577

1,012

947

2,187

1,132

900

905

1,120

1,165

1,407

950

1,046

858

1,055

1,295

834

947

1,051

-1,147

1,241

1,380

1,271

753

1,712

1,028

695

-

-

-

-

-

-

NON-INTEREST EXPENSES
Total non-interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

870

1,340

533

-711

1,114

Salaries and employee benefits

2,766

2,762

2,622

3,070

2,744

2,601

2,592

2,617

2,450

2,595

2,673

2,621

2,742

2,543

2,633

2,595

2,398

2,312

2,163

2,388

2,448

2,348

2,299

2,306

2,194

2,222

2,599

2,545

2,478

2,418

2,208

2,071

2,009

1,937

1,835

1,799

1,795

1,733

1,658

Occupancy and equipment

646

635

610

582

573

549

536

550

597

548

580

588

615

556

532

536

527

518

509

505

487

504

461

466

481

466

502

478

450

444

477

443

430

435

420

424

455

445

446

State and local taxes

146

129

130

131

128

120

123

125

125

115

115

118

115

108

122

113

112

85

100

104

100

82

89

85

85

137

139

140

139

121

125

126

125

116

116

117

116

107

107

FDIC insurance

6

-

-8

-

38

-

44

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

FDIC insurance

-

-

-

77

-

-

-

44

44

-

50

51

53

31

54

85

81

68

70

83

83

73

78

83

75

92

101

110

88

80

76

71

70

152

148

162

211

210

214

Professional fees

302

277

348

262

206

227

254

209

189

252

175

198

161

197

198

292

195

217

207

212

194

211

199

233

172

206

186

199

215

216

183

236

166

224

158

218

161

174

221

Advertising and marketing

57

112

78

103

95

83

76

89

74

96

122

158

102

125

130

151

121

189

130

85

50

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net losses from the extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-242

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Data processing fees

72

62

72

83

60

67

56

64

63

61

64

65

61

63

64

61

62

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on partnership

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

444

-

0

-

-

-

-

Office supplies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

78

87

Other operating expenses

985

970

909

1,031

908

952

848

887

784

891

886

887

798

866

746

901

746

540

811

810

632

420

726

736

616

602

940

835

770

1,116

779

747

620

644

614

601

617

540

477

Total non-interest expenses

4,980

4,903

4,761

5,339

4,752

4,643

4,529

4,585

4,326

4,603

4,665

4,686

4,647

4,489

4,479

4,734

4,484

4,192

3,990

4,187

3,994

4,115

3,852

3,909

3,623

3,965

4,467

4,307

4,140

3,951

3,848

3,694

3,864

3,508

3,291

3,321

3,355

3,287

3,210

INCOME BEFORE FEDERAL INCOME TAX EXPENSE

1,577

2,297

2,308

1,535

2,501

2,490

2,358

3,624

1,778

1,625

2,484

1,468

1,190

1,414

1,508

1,452

1,624

1,409

1,602

1,116

1,470

-

1,171

1,285

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

INCOME BEFORE FEDERAL INCOME TAX EXPENSE

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,751

-

729

1,003

1,065

-939

1,688

1,204

802

1,042

1,372

1,780

1,071

-225

1,779

Federal income tax expense

206

393

363

207

396

466

386

322

241

1,604

337

286

190

273

313

279

262

323

375

200

321

21

216

246

419

-463

112

204

235

-475

422

252

-357

214

318

459

202

-242

455

NET INCOME

1,371

1,904

1,945

1,328

2,105

2,024

1,972

3,302

1,537

21

2,147

1,182

1,000

1,141

1,195

1,173

1,362

1,086

1,227

916

1,149

543

955

1,039

1,332

-462

617

799

830

-464

1,266

952

1,159

828

1,054

1,321

869

17

1,324

EARNINGS PER SHARE BASIC AND DILUTED

0.32

0.44

0.45

0.30

0.49

0.47

0.46

0.75

0.35

0.01

0.49

0.26

0.23

0.26

0.27

0.27

0.31

-

0.27

0.21

-

-

-

-

-

-

-

-

-

-

0.28

0.21

0.26

0.18

0.24

0.29

0.19

-

-

EARNINGS PER SHARE

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.25

-

0.21

0.23

0.29

-0.11

0.14

0.18

0.18

-

-

-

-

-

-

-

-

-

0.29

DILUTED EARNINGS PER COMMON SHARE (NOTE 6)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.29

CASH DIVIDENDS DECLARED PER SHARE

0.19

0.12

0.11

0.11

0.16

0.11

0.16

0.11

0.11

0.08

0.08

0.08

0.15

0.07

0.07

0.07

0.07

0.06

0.06

0.06

0.06

0.05

0.05

0.05

0.03

0.03

0.03

0.03

0.03

-

-

-

0.00

-

0.00

0.00

0.00

0.00

0.00