Company research
CORTLAND BANCORP INC
CIK 774569Updated Sep 24, 2026
Securities
Historical securities (1)
CLDB · NASDAQ · equity · closed Oct 29, 2021CLDB price & chart
Historical security
This listing closed Oct 29, 2021. Live provider charts are shown only for current listings.
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Recent filings
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Financials
FY 2020 · USDSource
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Source
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balance sheet · annual statements
| Line item | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 821,305,000Source | 737,162,000Source | 714,666,000Source | 711,101,000Source |
| Property, Plant and Equipment, NetUSD | 11,693,000Source | 12,018,000Source | 10,202,000Source | 9,038,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 36,108,000Source | 27,815,000Source | 19,692,000Source | 19,125,000Source |
| Operating Lease, Right-of-Use AssetUSD | — | 1,800,000Source | — | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 740,300,000Source | 662,824,000Source | 649,748,000Source | 649,471,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 23,641,000Source | 23,641,000Source | 23,641,000Source | 23,641,000Source |
| Retained Earnings (Accumulated Deficit)USD | 41,863,000Source | 36,187,000Source | 31,089,000Source | 24,403,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 4,867,000Source | 1,168,000Source | -3,656,000Source | -1,825,000Source |
| Stockholders' Equity Attributable to ParentUSD | 81,005,000Source | 74,338,000Source | 64,918,000Source | 61,630,000Source |
| Additional Paid in Capital, Common StockUSD | 21,238,000Source | 21,266,000Source | 20,984,000Source | 20,928,000Source |
| Liabilities and EquityUSD | 821,305,000Source | 737,162,000Source | 714,666,000Source | 711,101,000Source |
cash flow · annual statements
| Line item | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | 7,282,000Source | 8,835,000Source | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Deferred Income Tax Expense (Benefit)USD | -590,000Source | 209,000Source | 1,008,000Source | -28,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 10,164,000Source | 7,993,000Source | 13,134,000Source | — |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -71,825,000Source | -6,088,000Source | -8,733,000Source | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | 652,000Source | 2,685,000Source | 1,935,000Source | 802,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 3,154,000Source | 1,336,000Source | 1,781,000Source | 237,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 69,954,000Source | 6,218,000Source | -3,834,000Source | — |
| Payments of Ordinary Dividends, Common StockUSD | 2,587,000Source | 2,184,000Source | 2,149,000Source | 1,726,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 8,293,000Source | 8,123,000Source | — | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 4,036,000Source | 5,415,000Source | 4,339,000Source | — |
| Additional Financial Items | ||||
| Bank Owned Life Insurance IncomeUSD | 398,000Source | 392,000Source | 1,869,000Source | 1,203,000Source |
| DepreciationUSD | 940,000Source | 869,000Source | 771,000Source | 880,000Source |
| Depreciation, Amortization and Accretion, NetUSD | 2,753,000Source | 2,243,000Source | 2,315,000Source | 2,735,000Source |
| Gain (Loss) on Sales of Loans, NetUSD | 3,896,000Source | 1,554,000Source | 974,000Source | 1,074,000Source |
| Income Tax Expense (Benefit)USD | 1,471,000Source | 1,359,000Source | 1,415,000Source | 2,417,000Source |
| Net Income (Loss) Attributable to ParentUSD | 8,263,000Source | 7,282,000Source | 8,835,000Source | 4,350,000Source |
| Other Interest and Dividend IncomeUSD | 94,000Source | 299,000Source | 162,000Source | 98,000Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 22,192,000Source | 12,184,000Source | 12,173,000Source | 17,255,000Source |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | 1,575,000Source | 715,000Source | 725,000Source | 100,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 2,103,000Source | — | — | — |
income statement · annual statements
| Line item | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|
| Total RevenueUSD | 3,066,000Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 9,734,000Source | 8,641,000Source | 10,250,000Source | 6,767,000Source |
| Income Tax Expense (Benefit)USD | 1,471,000Source | 1,359,000Source | 1,415,000Source | 2,417,000Source |
| Net Income (Loss) Attributable to ParentUSD | 8,263,000Source | 7,282,000Source | 8,835,000Source | 4,350,000Source |
| Earnings Per Share, BasicUSD per share | 1.97Source | 1.68Source | 2.03Source | 0.99Source |
| Earnings Per Share, DilutedUSD per share | 1.97Source | 1.68Source | 2.03Source | 0.99Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 4,185,687Source | 4,340,775Source | 4,357,760Source | 4,407,254Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 4,196,673Source | 4,349,473Source | 4,364,234Source | 4,411,474Source |
| Additional Financial Items | ||||
| Bank Owned Life Insurance IncomeUSD | 398,000Source | 392,000Source | 1,869,000Source | 1,203,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.61Source | 0.5Source | 0.49Source | 0.39Source |
| Current Income Tax Expense (Benefit)USD | 2,061,000Source | 1,150,000Source | 407,000Source | 1,199,000Source |
| Interest ExpenseUSD | 3,809,000Source | 5,554,000Source | 4,383,000Source | 3,190,000Source |
| Interest Income (Expense), NetUSD | 23,283,000Source | 24,089,000Source | 23,366,000Source | 20,302,000Source |
| Labor and Related ExpenseUSD | 10,805,000Source | 11,198,000Source | 10,260,000Source | 10,631,000Source |
| Marketing and Advertising ExpenseUSD | 214,000Source | 388,000Source | 322,000Source | 478,000Source |
| Other Interest and Dividend IncomeUSD | 94,000Source | 299,000Source | 162,000Source | 98,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 2,103,000Source | — | — | — |
| Taxes, MiscellaneousUSD | 593,000Source | 518,000Source | 493,000Source | 463,000Source |