Call reports 2008
CORTLAND SAVINGS AND BANKING COMPANY, THE — 2008
What CORTLAND SAVINGS AND BANKING COMPANY, THE reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 485,119,000 | 486,032,000 | 485,543,000 | 490,231,000 |
| Total loans | 225,797,000 | 228,411,000 | 230,654,000 | 246,017,000 |
| Allowance for loan losses | 1,486,000 | 1,554,000 | 1,595,000 | 2,470,000 |
| Securities available for sale | 136,222,000 | 132,120,000 | 134,005,000 | 117,433,000 |
| Securities held to maturity | 84,975,000 | 78,949,000 | 75,536,000 | 70,406,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 360,693,000 | 364,295,000 | 362,125,000 | 380,599,000 |
| Interest-bearing deposits | 304,711,000 | 306,866,000 | 304,797,000 | 321,318,000 |
| Noninterest-bearing deposits | 55,982,000 | 57,429,000 | 57,328,000 | 59,281,000 |
| Equity capital | 41,608,000 | 36,958,000 | 39,493,000 | 31,934,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 7,051,000 | 13,883,000 | 20,720,000 | 27,512,000 |
| Interest expense | 3,399,000 | 6,456,000 | 9,383,000 | 12,205,000 |
| Net interest income | 3,652,000 | 7,427,000 | 11,337,000 | 15,307,000 |
| Noninterest income | 770,000 | 1,479,000 | 2,215,000 | 2,864,000 |
| Noninterest expense | 3,094,000 | 6,270,000 | 9,453,000 | 12,553,000 |
| Provision for loan losses | 75,000 | 390,000 | 495,000 | 1,785,000 |
| Pretax income | 1,326,000 | 2,328,000 | 3,720,000 | 2,909,000 |
| Income tax | 292,000 | 475,000 | 777,000 | 344,000 |
| Net income | 1,034,000 | 1,853,000 | 2,943,000 | 2,565,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 43,142,000 | 42,970,000 | 43,320,000 | 42,952,000 |
| Total capital | 50,643,000 | 50,564,000 | 50,924,000 | 51,428,000 |
| Risk-weighted assets | 286,426,000 | 292,411,000 | 289,691,000 | 314,762,000 |
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