OverviewSuggest Edit

Cortland Bancorp is a bank holding company operating through The Cortland Savings and Banking Company. Cortland Bank is a full service, state-chartered bank engaged in commercial and retail banking. The Bank’s services include checking accounts, savings accounts, time deposit accounts, commercial, mortgage and installment loans, night depository, automated teller services, safe deposit boxes and other miscellaneous services normally offered by commercial banks. Commercial lending includes commercial, financial and agricultural loans, real estate construction and development loans, commercial real estate loans, small business lending and trade financing. Consumer lending includes residential real estate, home equity, and installment lending. Cortland Bank also offers a variety of Internet and mobile banking options.

TypePublic
Founded1984
HQCortland, US
Websitecortlandbank.com

Latest Updates

Employees (est.) (Dec 2018)144(+3%)
Job Openings6
Revenue (FY, 2018)$5.7 M(+11%)
Share Price (Jan 2020)$19.8

Cortland Bancorp Office Locations

Cortland Bancorp has offices in Cortland, Beachwood, Boardman, Canfield and in 9 other locations
Cortland, US (HQ)
194 W Main St
Beachwood, US
23240 Chagrin Blvd #445
Boardman, US
6538 South Ave
Canfield, US
3615 Boardman-Canfield Rd
Fairlawn, US
3480 W Market St #302
Hubbard, US
890 W Liberty St
Show all (13)

Cortland Bancorp Financials and Metrics

Cortland Bancorp Revenue

Cortland Bancorp's revenue was reported to be $5.69 m in FY, 2018
USD

Revenue (Q3, 2019)

1.4m

Net income (Q3, 2019)

1.9m

Market capitalization (24-Jan-2020)

86.7m

Closing stock price (24-Jan-2020)

19.8

Cash (30-Sept-2019)

20.5m
Cortland Bancorp's current market capitalization is $86.7 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

21.1m21.0m2.9m4.1m3.9m4.6m5.2m5.7m

Sales and marketing expense

454.0k527.0k478.0k322.0k

R&D expense

250.0k251.0k250.0k

Operating expense total

2.1m2.9m3.5m3.0m3.5m4.0m4.2m4.0m
Quarterly
USDQ3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

5.3m5.3m5.2m5.1m1.3m1.4m1.3m1.1m947.0k834.0k1.1m858.0k1.0m1.4m1.2m1.1m900.0k1.1m2.2m1.0m2.6m1.1m1.2m1.1m1.4m

Sales and marketing expense

121.0k151.0k130.0k102.0k158.0k122.0k74.0k89.0k76.0k95.0k103.0k78.0k

R&D expense

61.0k65.0k64.0k63.0k64.0k56.0k60.0k83.0k72.0k

Operating expense total

526.0k620.0k747.0k779.0k805.0k871.0k982.0k616.0k736.0k726.0k682.0k895.0k941.0k929.0k1.1m940.0k961.0k1.1m1.1m921.0k1.0m980.0k1.1m1.2m1.1m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

4.1m2.9m1.8m3.9m4.4m4.9m4.4m8.8m

Depreciation and Amortization

2.4m640.0m3.2m2.5m2.5m2.8m2.7m2.3m

Cash From Operating Activities

8.3m(14.9m)26.9m7.2m1.4m13.2m9.1m13.1m

Purchases of PP&E

(336.0k)(730.0k)(894.0k)(1.9m)(2.3m)(799.0k)(802.0k)(1.9m)
USDY, 2019

Financial Leverage

9.4 x
Show all financial metrics

Cortland Bancorp Online and Social Media Presence

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Cortland Bancorp News and Updates

Cortland Bancorp 2019 Earnings Mirror Solid Performance of 2018

Bank increases loans, deposits and net interest income despite competitive environment

Cortland Bancorp Increases Quarterly Cash Dividend by 17%

Board additionally authorizes a supplemental dividend of $.05 per share Board additionally authorizes a supplemental dividend of $.05 per share

Cortland Bancorp Increases Quarterly Cash Dividend 9% to $0.12 Per Share

CORTLAND, Ohio, Oct. 23, 2019 (GLOBE NEWSWIRE) -- Cortland Bancorp (NASDAQ: CLDB), the holding company for Cortland Savings and Banking Company, today announced that its Board of Directors approved a quarterly cash dividend of $0.12 per share.  The dividend will be payable on December 2, 2019, to …

Cortland Bancorp Reports 4.3% Increase in First Half Adjusted Earnings

Board declares a quarterly dividend of $0.11 per share Board declares a quarterly dividend of $0.11 per share

Cortland Bancorp Rings the Nasdaq Stock Market Closing Bell

Community Bank Directors and Officers travel to Times Square in New York to officially mark the company’s new Nasdaq listing Community Bank Directors and Officers travel to Times Square in New York to officially mark the company’s new Nasdaq listing

Cortland Bancorp Earnings up 37%

CORTLAND, Ohio, April 24, 2019 (GLOBE NEWSWIRE) -- Cortland Bancorp (NASDAQ: CLDB), the holding company for Cortland Savings and Banking Company, today reported net income of $2.1 million, or $.49 per share, for the first quarter 2019, an increase of 37% over the $1.5 million, or $.35 per share fo…
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Cortland Bancorp Frequently Asked Questions

  • When was Cortland Bancorp founded?

    Cortland Bancorp was founded in 1984.

  • How many employees does Cortland Bancorp have?

    Cortland Bancorp has 144 employees.

  • What is Cortland Bancorp revenue?

    Latest Cortland Bancorp annual revenue is $5.7 m.

  • What is Cortland Bancorp revenue per employee?

    Latest Cortland Bancorp revenue per employee is $39.5 k.

  • Who are Cortland Bancorp competitors?

    Competitors of Cortland Bancorp include Oak Valley Bancorp, Community Bankers Trust and Banner.

  • Where is Cortland Bancorp headquarters?

    Cortland Bancorp headquarters is located at 194 W Main St, Cortland.

  • Where are Cortland Bancorp offices?

    Cortland Bancorp has offices in Cortland, Beachwood, Boardman, Canfield and in 9 other locations.

  • How many offices does Cortland Bancorp have?

    Cortland Bancorp has 13 offices.