Cortland bancorp inc (CLDB)
Income statement / TTM
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

25,254

25,783

25,737

25,489

24,818

23,823

22,417

21,210

20,213

19,243

18,905

18,808

18,786

18,554

18,173

17,750

17,215

16,909

16,661

16,336

16,112

16,120

16,035

16,058

16,022

15,993

16,234

16,351

16,352

16,260

15,805

15,545

15,468

15,264

15,107

14,994

0

0

0

Interest and dividends on investment securities:
Taxable interest

1,546

1,769

2,005

2,145

2,186

2,118

2,038

2,024

2,024

2,098

2,108

2,070

2,037

2,026

2,109

2,186

2,228

2,343

2,405

2,531

2,664

2,677

2,709

2,597

2,533

2,498

2,533

2,606

2,871

3,174

3,446

3,882

4,079

4,241

4,513

4,916

0

0

0

Nontaxable interest

1,769

1,655

1,541

1,430

1,418

1,494

1,642

1,778

1,882

1,922

1,902

1,862

1,871

1,814

1,746

1,729

1,694

1,716

1,730

1,735

1,742

1,721

1,678

1,610

1,519

1,408

1,337

1,338

1,363

1,411

1,439

1,397

1,376

1,421

1,473

1,499

0

0

0

Dividends

117

137

146

152

154

152

148

144

138

131

123

115

116

117

121

126

126

126

125

126

126

126

127

128

129

131

137

136

137

139

133

132

133

133

137

155

0

0

0

Other interest income

297

299

275

226

192

162

144

133

110

98

87

68

48

44

39

32

26

19

19

20

21

21

23

24

29

30

37

35

32

31

22

28

39

51

73

83

0

0

0

Total interest and dividend income

28,983

29,643

29,704

29,442

28,768

27,749

26,389

25,289

24,367

23,492

23,125

22,923

22,858

22,555

22,188

21,823

21,289

21,113

20,940

20,748

20,665

20,665

20,572

20,417

20,232

20,060

20,278

20,466

20,755

21,015

20,845

20,984

21,095

21,110

21,303

21,647

0

0

0

INTEREST EXPENSE
Deposits

4,778

4,843

4,586

4,257

3,899

3,527

3,248

2,998

2,774

2,571

2,427

2,303

2,193

2,093

1,978

1,855

1,739

1,668

1,652

1,664

1,678

1,694

1,745

1,837

1,950

2,102

2,260

2,405

2,561

2,698

2,838

2,991

3,149

3,293

3,511

3,743

0

0

0

Securities sold under agreements to repurchase

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term borrowings

-

-

-

-

-

-

-

-

-

7

7

7

7

7

6

5

4

4

0

0

0

-

-

-

-

3

3

5

5

5

5

4

4

5

7

8

0

0

0

Short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal Home Loan Bank advances - short term

-

129

250

340

352

374

309

245

229

175

139

115

95

73

63

55

45

40

137

134

162

156

-15

12

-4

7

88

76

75

79

77

59

63

95

306

515

0

0

0

Federal Home Loan Bank advances - long term

380

374

353

338

310

287

257

237

253

299

401

499

573

633

681

724

768

804

734

803

857

943

1,166

1,165

1,199

1,202

1,138

1,169

1,180

1,189

1,201

1,215

1,232

1,247

1,264

1,288

0

0

0

Subordinated debt

190

203

208

208

203

189

175

160

147

138

132

125

117

112

105

100

95

91

89

88

88

88

89

89

89

90

91

94

97

100

100

98

95

92

93

93

0

0

0

Total interest expense

5,413

5,554

5,403

5,149

4,770

4,383

3,995

3,647

3,410

3,190

3,106

3,049

2,985

2,918

2,833

2,739

2,651

2,607

2,616

2,693

2,788

2,884

2,988

3,105

3,237

3,404

3,580

3,749

3,918

4,071

4,221

4,367

4,543

4,732

5,181

5,647

0

0

0

Net interest income

23,570

24,089

24,301

24,293

23,998

23,366

22,394

21,642

20,957

20,302

20,019

19,874

19,873

19,637

19,355

19,084

18,638

18,506

18,324

18,055

17,877

17,781

17,584

17,312

16,995

16,656

16,698

16,717

16,837

16,944

16,624

16,617

16,552

16,378

16,122

16,000

0

0

0

PROVISION FOR LOAN LOSSES

1,140

715

610

505

400

725

750

0

0

-

0

-

-

-

0

-

-

455

1,540

1,628

1,648

1,638

638

600

600

650

2,620

2,770

2,950

3,020

1,224

1,248

1,292

1,196

902

698

0

0

0

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES

22,430

23,374

23,691

23,788

23,598

22,641

21,744

20,967

20,357

20,202

19,919

19,824

19,823

19,587

19,240

18,919

18,343

18,051

16,784

16,427

16,229

16,143

16,946

16,712

16,395

16,006

14,078

13,947

13,887

13,924

15,400

15,369

15,260

15,182

15,220

15,302

0

0

0

NON-INTEREST INCOME
Fees for customer services

2,330

2,312

2,266

2,218

2,242

2,273

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

0

-

-21

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fees for customer services

-

-

-

-

-

-

-

-

-

-

-

-

2,096

-

2,093

2,077

2,051

2,019

2,028

2,033

2,031

2,007

1,980

1,955

1,926

1,935

1,919

1,926

1,989

2,041

2,131

2,205

2,236

2,229

2,199

2,188

0

0

0

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

-

-

-

-

-

-

-

-

-

-

32

122

117

-

455

0

0

-

0

-

-

588

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trading security losses, net (Note 2)

-

-

-

-

-

-

-

-

-

-

-

-

-

-47

-78

-28

-53

-11

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other-than-temporary impairment losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35

35

35

141

371

780

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

136

136

136

136

61

1,295

1,499

0

0

0

Net impairment losses recognized in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

171

171

171

171

202

1,666

2,279

0

0

0

Investment securities available-for-sale gains - net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

69

136

806

882

918

1,789

0

0

0

Trading security gains, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

Mortgage banking gains, net

1,813

1,554

1,376

1,156

1,073

974

1,014

1,057

1,118

1,074

924

950

1,093

1,248

1,304

1,254

949

785

792

587

544

440

340

363

884

1,491

1,770

2,678

2,306

1,772

0

0

0

-

-

-

-

0

0

Earnings on bank-owned life insurance

354

392

375

371

1,923

1,869

1,869

2,754

1,205

1,203

1,199

312

322

328

336

339

333

338

343

347

349

336

322

301

312

324

248

310

341

379

503

499

495

496

504

508

0

0

0

Wealth management

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Wealth management

-

-

-

-

-

-

-

-

-

-

-

-

81

-

122

168

266

435

443

455

422

313

335

318

274

218

0

0

0

-

-

-

-

-

-

-

-

-

-

Mortgage banking gains

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

Other real estate gains

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-113

-127

0

0

0

-

Other non-interest income

817

808

665

658

687

597

564

483

486

471

529

453

381

391

329

308

282

268

234

195

181

116

59

43

44

11

53

81

131

188

207

205

139

104

80

88

0

0

0

Total non-interest income

5,270

5,022

4,638

4,359

5,884

5,692

5,684

6,723

5,278

5,166

5,124

4,057

4,090

4,597

4,642

4,568

4,261

3,909

4,254

4,042

4,131

4,127

1,685

2,092

2,525

2,745

4,645

5,116

4,764

4,188

0

0

0

-

-

-

-

-

-

NON-INTEREST EXPENSES
Total non-interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,032

2,276

0

0

0

Salaries and employee benefits

11,220

11,198

11,037

11,007

10,554

10,260

10,254

10,335

10,339

10,631

10,579

10,539

10,513

10,169

9,938

9,468

9,261

9,311

9,347

9,483

9,401

9,147

9,021

9,321

9,560

9,844

10,040

9,649

9,175

8,706

8,225

7,852

7,580

7,366

7,162

6,985

0

0

0

Occupancy and equipment

2,473

2,400

2,314

2,240

2,208

2,232

2,231

2,275

2,313

2,331

2,339

2,291

2,239

2,151

2,113

2,090

2,059

2,019

2,005

1,957

1,918

1,912

1,874

1,915

1,927

1,896

1,874

1,849

1,814

1,794

1,785

1,728

1,709

1,734

1,744

1,770

0

0

0

State and local taxes

536

518

509

502

496

493

488

480

473

463

456

463

458

455

432

410

401

389

386

375

356

341

396

446

501

555

539

525

511

497

492

483

474

465

456

447

0

0

0

FDIC insurance

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

FDIC insurance

-

-

-

203

-

-

-

183

190

-

185

189

223

251

288

304

302

304

309

317

317

309

328

351

378

391

379

354

315

297

369

441

532

673

731

797

0

0

0

Professional fees

1,189

1,093

1,043

949

896

879

904

825

814

786

731

754

848

882

902

911

831

830

824

816

837

815

810

797

763

806

816

813

850

801

809

784

766

761

711

774

0

0

0

Advertising and marketing

350

388

359

357

343

322

335

381

450

478

507

515

508

527

591

591

525

454

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net losses from the extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-242

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Data processing fees

289

277

282

266

247

250

244

252

253

251

253

253

249

250

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on partnership

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

-

-

-

-

Office supplies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Other operating expenses

3,895

3,818

3,800

3,739

3,595

3,471

3,410

3,448

3,448

3,462

3,437

3,297

3,311

3,259

2,933

2,998

2,907

2,793

2,673

2,588

2,514

2,498

2,680

2,894

2,993

3,147

3,661

3,500

3,412

3,262

2,790

2,625

2,479

2,476

2,372

2,235

0

0

0

Total non-interest expenses

19,983

19,755

19,495

19,263

18,509

18,083

18,043

18,179

18,280

18,601

18,487

18,301

18,349

18,186

17,889

17,400

16,853

16,363

16,286

16,148

15,870

15,499

15,349

15,964

16,362

16,879

16,865

16,246

15,633

15,357

14,914

14,357

13,984

13,475

13,254

13,173

0

0

0

INCOME BEFORE FEDERAL INCOME TAX EXPENSE

7,717

8,641

8,834

8,884

10,973

10,250

9,385

9,511

7,355

6,767

6,556

5,580

5,564

5,998

5,993

6,087

5,751

5,597

5,359

5,042

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

INCOME BEFORE FEDERAL INCOME TAX EXPENSE

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

1,858

2,817

3,018

2,755

4,736

4,420

4,996

5,265

3,998

4,405

0

0

0

Federal income tax expense

1,169

1,359

1,432

1,455

1,570

1,415

2,553

2,504

2,468

2,417

1,086

1,062

1,055

1,127

1,177

1,239

1,160

1,219

917

758

804

902

418

314

272

88

76

386

434

-158

531

427

634

1,193

737

874

0

0

0

NET INCOME

6,548

7,282

7,402

7,429

9,403

8,835

6,832

7,007

4,887

4,350

5,470

4,518

4,509

4,871

4,816

4,848

4,591

4,378

3,835

3,563

3,686

3,869

2,864

2,526

2,286

1,784

1,782

2,431

2,584

2,913

4,205

3,993

4,362

4,072

3,261

3,531

0

0

0

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