Call reports 2018
CORTLAND SAVINGS AND BANKING COMPANY, THE — 2018
What CORTLAND SAVINGS AND BANKING COMPANY, THE reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 659,594,000 | 659,262,000 | 677,830,000 | 711,138,000 |
| Total loans | 453,130,000 | 468,972,000 | 482,991,000 | 515,432,000 |
| Allowance for loan losses | 3,884,000 | 4,095,000 | 4,152,000 | 4,198,000 |
| Securities available for sale | 139,136,000 | 141,538,000 | 137,845,000 | 136,923,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 554,589,000 | 557,999,000 | 561,398,000 | 604,659,000 |
| Interest-bearing deposits | 431,016,000 | 427,505,000 | 427,563,000 | 467,533,000 |
| Noninterest-bearing deposits | 123,573,000 | 130,494,000 | 133,835,000 | 137,126,000 |
| Equity capital | 56,654,000 | 58,330,000 | 58,501,000 | 61,272,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 6,570,000 | 13,295,000 | 20,256,000 | 27,743,000 |
| Interest expense | 983,000 | 2,007,000 | 3,160,000 | 4,401,000 |
| Net interest income | 5,587,000 | 11,288,000 | 17,096,000 | 23,342,000 |
| Noninterest income | 978,000 | 3,582,000 | 4,716,000 | 5,657,000 |
| Noninterest expense | 4,230,000 | 8,596,000 | 12,960,000 | 17,477,000 |
| Provision for loan losses | 500,000 | 575,000 | 650,000 | 725,000 |
| Pretax income | 1,855,000 | 5,678,000 | 8,181,000 | 10,776,000 |
| Income tax | 264,000 | 638,000 | 1,059,000 | 1,551,000 |
| Net income | 1,591,000 | 5,040,000 | 7,122,000 | 9,225,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 60,844,000 | 62,442,000 | 63,725,000 | 64,928,000 |
| Total capital | 70,812,000 | 72,621,000 | 73,960,000 | 75,210,000 |
| Risk-weighted assets | 535,211,000 | 549,999,000 | 571,437,000 | 567,742,000 |