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Cortland Bancorp

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, OH, USMap
Websitecortlandbank.com
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Employees (est.) (Dec 2019)142(-1%)
Revenue (FY, 2019)$5 M(-11%)
Share Price (Jan 2021)$18.4 (-2%)
Cybersecurity ratingCMore

Cortland Bancorp Office Locations

Cortland Bancorp has an office in Cortland
Cortland, OH, US (HQ)
194 W Main St
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Cortland Bancorp Financials and Metrics

Cortland Bancorp Revenue

Cortland Bancorp's revenue was reported to be $5.02 m in FY, 2019
USD

Revenue (Q3, 2020)

528.0k

Net income (Q3, 2020)

2.2m

Market capitalization (8-Jan-2021)

79.4m

Closing stock price (8-Jan-2021)

18.4

Cash (30-Sept-2020)

48.6m
Cortland Bancorp's current market capitalization is $79.4 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

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

Sales and marketing expense

454.0k527.0k478.0k322.0k388.0k

R&D expense

250.0k251.0k250.0k277.0k

Operating expense total

2.1m2.9m3.5m3.0m3.5m4.0m4.2m4.0m4.5m
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, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

5.3m5.3m5.2m5.1m1.3m1.4m1.3m1.1m947.0k834.0k1.1m858.0k1.0m1.4m1.2m1.1m900.0k1.1m2.2m1.0m2.6m1.1m1.2m1.1m1.4m1.5m493.0k528.0k

Sales and marketing expense

121.0k151.0k130.0k102.0k158.0k122.0k74.0k89.0k76.0k95.0k103.0k78.0k57.0k35.0k64.0k

R&D expense

61.0k65.0k64.0k63.0k64.0k56.0k60.0k83.0k72.0k72.0k69.0k63.0k

Operating expense total

526.0k620.0k747.0k779.0k805.0k871.0k982.0k616.0k736.0k726.0k682.0k895.0k941.0k929.0k1.1m940.0k961.0k1.1m1.1m921.0k1.0m980.0k1.1m1.2m1.1m1.1m975.0k1.0m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

16.2m27.6m12.4m10.6m18.5m15.4m19.1m19.7m27.8m

Accounts Receivable

286.0m313.5m343.1m355.0m389.1m482.9m510.2m514.3m

PP&E

6.5m6.6m6.7m7.7m9.2m9.1m9.0m10.2m12.0m

Total Assets

519.8m582.2m556.9m568.9m612.4m655.2m711.1m714.7m737.2m
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, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

16.8m12.9m17.1m40.8m29.2m18.2m25.7m16.4m11.7m16.4m12.0m9.3m14.3m12.8m19.0m22.3m15.9m18.9m12.4m27.5m11.0m17.3m20.0m24.2m20.5m43.1m33.1m48.6m

Accounts Receivable

260.7m274.2m280.9m289.6m293.6m297.8m311.0m308.2m312.4m326.1m338.5m352.4m354.7m368.6m379.2m390.8m392.2m404.9m406.6m448.0m462.4m477.8m478.0m473.5m483.8m477.2m522.6m528.1m

PP&E

6.5m6.4m6.6m6.5m6.6m6.8m6.8m6.6m6.6m7.8m7.8m8.4m9.2m9.0m8.9m8.9m9.3m9.2m9.1m9.3m9.1m9.3m10.5m11.2m11.8m12.2m12.0m11.9m

Total Assets

497.8m508.4m522.7m554.5m546.5m537.8m536.6m525.9m534.4m549.3m556.0m568.8m570.3m590.4m606.4m621.2m619.9m634.7m632.0m663.1m662.7m681.3m685.5m690.7m700.6m712.7m780.0m811.6m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

4.1m2.9m1.8m3.9m4.4m4.9m4.4m8.8m7.3m

Depreciation and Amortization

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

Cash From Operating Activities

8.3m(14.9m)26.9m7.2m1.4m13.2m9.1m13.1m8.0m

Purchases of PP&E

(336.0k)(730.0k)(894.0k)(1.9m)(2.3m)(799.0k)(802.0k)(1.9m)(2.7m)
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, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

3.2m1.2m2.1m3.4m830.0k1.6m

Cash From Operating Activities

6.6m(3.9m)(10.3m)(9.4m)10.9m8.5m19.4m2.7m4.4m4.9m209.0k114.0k793.0k(25.0k)8.2m11.6m1.2m1.8m2.6m4.1m5.3m9.7m1.0m801.0k4.2m2.2m6.3m6.5m

Purchases of PP&E

(258.0k)(119.0k)(401.0k)(522.0k)(209.0k)(621.0k)(800.0k)(91.0k)(283.0k)(1.7m)(282.0k)(1.0m)(2.1m)(31.0k)(176.0k)(376.0k)(409.0k)(537.0k)(644.0k)(462.0k)(519.0k)(849.0k)(527.0k)(1.4m)(2.2m)(463.0k)(532.0k)(615.0k)

Cash From Investing Activities

(723.0k)14.5m11.4m18.5m27.8m28.7m27.1m40.7m22.0m12.5m16.0m2.0m6.9m17.5m8.3m(11.2m)35.4m27.2m24.1m51.0m37.1m24.0m34.3m39.0m25.5m42.4m(34.9m)(48.9m)
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USDQ3, 2011

Financial Leverage

11.2 x
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Cortland Bancorp Cybersecurity Score

Cybersecurity ratingPremium dataset

C

78/100

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Cortland Bancorp Online and Social Media Presence

Cortland Bancorp's Trends

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Cortland Bancorp News and Updates

May 01, 2020

Cortland Bancorp Declares Quarterly Cash Dividend

CORTLAND, Ohio, May 01, 2020 (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 $0.14 per share.  The dividend will be payable on June 1, 2020, to share…
January 22, 2020

Cortland Bancorp 2019 Earnings Mirror Solid Performance of 2018

Bank increases loans, deposits and net interest income despite competitive environment
January 21, 2020

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
October 23, 2019

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 …
July 31, 2019

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
May 20, 2019

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
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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 142 employees.

  • What is Cortland Bancorp revenue?

    Latest Cortland Bancorp annual revenue is $5 m.

  • What is Cortland Bancorp revenue per employee?

    Latest Cortland Bancorp revenue per employee is $35.4 k.

  • Who are Cortland Bancorp competitors?

    Competitors of Cortland Bancorp include Oak Valley Bancorp, Columbia Banking System and Community Bankers Trust.

  • Where is Cortland Bancorp headquarters?

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

  • Where are Cortland Bancorp offices?

    Cortland Bancorp has an office in Cortland.

  • How many offices does Cortland Bancorp have?

    Cortland Bancorp has 1 office.