Call reports 2020
CORTLAND SAVINGS AND BANKING COMPANY, THE — 2020
What CORTLAND SAVINGS AND BANKING COMPANY, THE reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 709,306,000 | 776,783,000 | 808,296,000 | 817,978,000 |
| Total loans | 486,950,000 | 532,660,000 | 540,710,000 | 563,636,000 |
| Allowance for loan losses | 5,087,000 | 5,520,000 | 6,045,000 | 6,019,000 |
| Securities available for sale | 130,643,000 | 162,926,000 | 167,577,000 | 167,875,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 593,543,000 | 648,629,000 | 680,776,000 | 700,610,000 |
| Interest-bearing deposits | 460,368,000 | 462,206,000 | 486,466,000 | 502,011,000 |
| Noninterest-bearing deposits | 133,175,000 | 186,423,000 | 194,310,000 | 198,599,000 |
| Equity capital | 69,619,000 | 72,243,000 | 74,670,000 | 77,538,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 6,929,000 | 13,546,000 | 20,216,000 | 27,088,000 |
| Interest expense | 1,228,000 | 2,234,000 | 3,103,000 | 3,815,000 |
| Net interest income | 5,701,000 | 11,312,000 | 17,113,000 | 23,273,000 |
| Noninterest income | 1,441,000 | 3,127,000 | 5,082,000 | 7,317,000 |
| Noninterest expense | 4,615,000 | 8,890,000 | 13,412,000 | 18,340,000 |
| Provision for loan losses | 600,000 | 1,050,000 | 1,575,000 | 1,575,000 |
| Pretax income | 1,927,000 | 4,517,000 | 7,226,000 | 10,815,000 |
| Income tax | 277,000 | 673,000 | 1,075,000 | 1,662,000 |
| Net income | 1,650,000 | 3,844,000 | 6,151,000 | 9,153,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 67,218,000 | 68,662,000 | 70,370,000 | 72,671,000 |
| Total capital | 78,388,000 | 80,266,000 | 82,499,000 | 84,774,000 |
| Risk-weighted assets | 571,969,000 | 571,322,000 | 587,476,000 | 575,814,000 |