The Cortland Savings and Banking Company in Cortland, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches


The Cortland Savings and Banking Company - Overview

  • General
  • FDIC Certificate #: 2281
    Status: Active
    Federal Reserve ID: 846619
    Bank Holding Company (Regulatory Top Holder): Cortland Bancorp (RSSDID: 1130931, Location: Cortland, OH)
    Date Established: January 01, 1892
    WWW: http://www.cortland-banks.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 14 (Domestic: 14, Interstate: No)
    OTS Docket #: 12831
    FDIC's unique #: 1509
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 194 West Main Street, Cortland, OH 44410
    County: Trumbull
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Columbus
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Youngstown-Warren, OH (#9320)
    Combined Statistical Area (CSA): Youngstown-Warren-East Liverpool, OH-PA (#566)
    Core Based Statistical Area (CBSA): Youngstown-Warren-Boardman, OH-PA (#49660)
    CBSA Metro Statistical Area: Youngstown-Warren-Boardman, OH-PA (#49660)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $516.5 mil
    Equity capital: $41.8 mil
    Deposits held in domestic offices: $423.2 mil
    Return on assets (ROA): 0.84% ($4.3 mil)
    Quarterly return on assets: 0.70% ($3.6 mil)
    Return on Equity (ROE): 10.43% ($4.4 mil)
    Quarterly return on equity: 8.62% ($3.6 mil)
    Net income: $4.2 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 1.10% ($5,681.3 mil)
    Quarterly Pretax return on assets: 0.89% ($4,596.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 155Total employees (full-time equivalent)
  • $516,479Total assets
  • $16,176Cash and due from depository institutions
  • $6,371Interest-bearing balances
  • $182,813Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $286,985Net loans & leases
  • $3,058Loan loss allowance
  • $0Trading account assets
  • $6,408Bank premises and fixed assets
  • $437Other real estate owned
  • $0Goodwill and other intangibles
  • $516,479Life insurance assets
  • $23,660All other assets
  • $474,714Total liabilities and capital
  • $423,236Total liabilities
  • $352,039Total deposits
  • $423,236Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 4773.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $37,500Trading liabilities
  • $6,000Other borrowed funds
  • $3,205Subordinated debt
  • $41,765All other liabilities
  • $41,765Total equity capital
  • $41,765Total bank equity capital
  • $0Perpetual preferred stock
  • $2,150Common stock
  • $5,375Surplus
  • $34,240Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $947Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,566Income earned, not collected on loans
  • $0Earning assets
  • $1,919Long-term assets (5+ years)
  • $476,169Average Assets, year-to-date
  • $230,376Average Assets, quarterly
  • $495,106Volatile liabilities
  • $505,469Insider loans
  • $384,449FHLB advances
  • $494,769Loans and leases held for sale
  • $9,996Unused loan commitments
  • $5,367Tier 1 (core) risk-based capital
  • $43,119Tier 2 risk-based capital
  • $1,142Total risk weighted assets
  • $3,487Total unused commitments
  • $69,849Restructured Loans and leases
  • $3,952Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $21,107Total interest income
  • $4,735Total interest expense
  • $16,372Net interest income
  • $1,196Provision for loan and lease losses
  • $2,764Total noninterest income
  • $18Fiduciary activities
  • $1,555Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,191Additional noninterest income
  • $13,113Total noninterest expense
  • $7,414Salaries and employee benefits
  • $1,698Premises and equipment expense
  • $4,001Additional noninterest expense
  • $4,827Pre-tax net operating income
  • $629Securities gains (losses)
  • $1,278Applicable income taxes
  • $4,178Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,178Net income attributable to bank
  • $0Net charge-offs
  • $4,178Cash dividends
  • $639Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.63%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 3.59%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 2.88%Noninterest expense to earning assets
  • 0.75%Net operating income to assets
  • 0.84%Return on assets (ROA)
  • 1.10%Pretax return on assets
  • 10.43%Return on equity (ROE)
  • 10.43%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 187.17%Credit loss provision to net charge-offs
  • 9.43%Efficiency ratio
  • 68,525Assets per employee
  • 3.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.05%Loss allowance to noncurrent loans
  • 85.75%Noncurrent assets plus other real estate owned to assets
  • 1.07%Noncurrent loans to loans
  • 1.23%Net loans and leases to deposits
  • 67.81%Net loans and leases to core deposits
  • 75.17%Equity capital to assets
  • 8.09%Core capital (leverage) ratio
  • 8.71%Tier 1 risk-based capital ratio
  • 11.22%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $495,106Average earning assets
  • $40,055Average equity
  • $455,713Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $17,755Managed Assets
  • 1Number of Accounts
  • $17,755Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $17,755Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 3Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 14 Ohio Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01509The Cortland Savings And Banking Com194 West Main Street, Cortland, OH 44410January 01, 1892Full Service Brick and Mortar
    1192441Brookfield Branch7202 Warren-Sharon Rd, Brookfield, OH 44403September 06, 1963Full Service Brick and Mortar
    2192442Vienna Branch4434 Warren-Sharon Road, Vienna, OH 44473August 15, 1972Full Service Brick and Mortar
    3192443Bristolville Branch6090 State Route 45, Bristolville, OH 44402December 04, 1975Full Service Brick and Mortar
    411732Windham Branch8950 Maple Grove Road, Windham, OH 44288July 01, 1957Full Service Brick and Mortar
    6192444Williamsfield Branch5917 U.S. Route 322, Williamsfield, OH 44093December 06, 1979Full Service Brick and Mortar
    7192445Elm Road Branch2935 Elm Road, Warren, OH 44483October 21, 1985Full Service Brick and Mortar
    8192446Mantua Branch11661 State Route 44, Mantua, OH 44255June 22, 1987Full Service Brick and Mortar
    9192447Hubbard Branch890 West Liberty Street, Hubbard, OH 44425July 07, 1987Full Service Brick and Mortar
    117803North Bloomfield Branch8837 State Route 45, North Bloomfield, OH 44450Febuary 14, 1903Full Service Brick and Mortar
    12192449North Lima Branch9001 Market Street, North Lima, OH 44452August 13, 1997Full Service Brick and Mortar
    13192450Niles Park Plaza815 Youngstown Warren Road, Niles, OH 44446May 17, 1999Full Service Brick and Mortar
    14363666Victor Hill Square Branch6538 South Avenue, Boardman, OH 44512Febuary 28, 2002Full Service Brick and Mortar
    15478554Middlefield Branch15561 West High Street, Middlefield, OH 44062May 19, 2008Full Service Brick and Mortar

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