Call reports 2016
CORTLAND SAVINGS AND BANKING COMPANY, THE — 2016
What CORTLAND SAVINGS AND BANKING COMPANY, THE reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 586,911,000 | 602,583,000 | 617,622,000 | 651,683,000 |
| Total loans | 377,868,000 | 389,535,000 | 399,802,000 | 424,322,000 |
| Allowance for loan losses | 5,180,000 | 4,860,000 | 4,915,000 | 4,868,000 |
| Securities available for sale | 155,346,000 | 161,033,000 | 161,557,000 | 176,638,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 8,116,000 | 182,000 | 0 | 0 |
| Total deposits | 482,526,000 | 489,106,000 | 508,860,000 | 540,170,000 |
| Interest-bearing deposits | 372,753,000 | 382,657,000 | 395,456,000 | 422,625,000 |
| Noninterest-bearing deposits | 109,773,000 | 106,449,000 | 113,404,000 | 117,545,000 |
| Equity capital | 54,313,000 | 56,131,000 | 56,415,000 | 53,759,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 5,392,000 | 11,131,000 | 16,791,000 | 22,552,000 |
| Interest expense | 693,000 | 1,414,000 | 2,158,000 | 2,924,000 |
| Net interest income | 4,699,000 | 9,717,000 | 14,633,000 | 19,628,000 |
| Noninterest income | 1,034,000 | 2,167,000 | 3,189,000 | 4,071,000 |
| Noninterest expense | 4,435,000 | 8,927,000 | 13,329,000 | 17,689,000 |
| Provision for loan losses | 0 | 0 | 50,000 | 50,000 |
| Pretax income | 1,656,000 | 3,332,000 | 4,901,000 | 6,426,000 |
| Income tax | 373,000 | 735,000 | 1,074,000 | 1,392,000 |
| Net income | 1,283,000 | 2,597,000 | 3,827,000 | 5,034,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 54,018,000 | 54,983,000 | 55,863,000 | 56,720,000 |
| Total capital | 65,281,000 | 65,926,000 | 66,862,000 | 67,672,000 |
| Risk-weighted assets | 448,014,000 | 460,234,000 | 460,818,000 | 463,866,000 |