Cortland Bancorp (NASDAQ: CLDB) announced its third quarter 2020
financial results.
Net income for the three months ending September 30, 2020 was
$2.2 million, or $0.51 per share, versus $1.9 million, or $0.45 per
share, for the third quarter of 2019 and $1.9 million or $0.47 per
share for the second quarter of 2020.
The return on average assets ratio was 1.07% for the Company for
this third quarter, while the return on average equity ratio was
11.22%.
Earnings per share the nine months ended September 30, 2020 and
2019, were $1.30 per share and $1.24, with net income of $5.5
million and $5.4 million, respectively. “Considering the
substantial reduction in interest rates nationally and the ongoing
provisioning for COVID-related conditions, we are pleased with the
achieved performance level through the first nine months of the
year,” said James Gasior, president and CEO.
Mortgage loan sales accounted for much of the revenue growth
with the mortgage unit approaching record production for the year,
improving gains on sales by nearly $800,000 for the quarter. On the
expense side, a reduction in personnel and other operating costs
also contributed to improved performance.
Gasior noted, “In this pandemic environment, in lieu of layoffs
or furloughs, we were able to realize staff reductions through
retirements and by not filling vacated positions, thus realizing
savings in salaries and benefits. Additional operational cost
savings were recognized through prudent cost containment
measures.”
Cortland Bancorp remained well capitalized with total risk-based
capital to risk-weighted assets of 14.39% and tangible equity to
tangible assets of 9.62%.
Year-over-year third quarter performance improved despite the
increase in the provision for credit losses directly attributable
to the current COVID-19 pandemic. Specifically, increases in the
allowance for credit losses were recognized in the qualitative
factor allocations for specific concentrations of credit in various
loan portfolio segments as a result of current economic
conditions.
“Although the ultimate impact to business is unknown at the
current time, a continued increase in credit provisioning is
warranted given the economic disruption and uncertainty associated
with the COVID-19 pandemic,” said Gasior.
Third Quarter
2020 Highlights
(at or for the period
ended September
30,
2020)
Net income of $2.2 million, or $.51 per share, for the third
quarter of 2020 was a 12% improvement on the $1.9 million, or $.47
per share, reported for the second quarter of 2020, and 11% higher
than the $1.9 million, or $.45 per share, for the third quarter of
2019. Likewise, pre-tax, pre-provision income for the third quarter
2020 was 22% higher than in the same quarter of 2019 and 11% higher
when compared to the previous quarter. The Company overcame a lower
net interest margin due to actions taken by the Federal Open Market
Committee (“FOMC”) relative to interest rates by improving
noninterest income and reducing expenses.
The Company's reduced net interest margin resulted in a modest
decrease of $19,000 in net interest income for the third quarter
ended September 30, 2020 versus the third quarter of 2019. However,
benefiting from the lower rate environment, the mortgage banking
operation recognized gains of $1.3 million on loan originations of
$35.8 million for the third quarter of 2020 versus gains of
$492,000 on loan originations of $16.6 million for the same period
in 2019. Gains on mortgage originations accounted for 15% of all
revenues for the third quarter compared to 6% of all revenues in
the same quarter of 2019. The originations were comprised of both
refinances of existing mortgage loans and new purchases of
homes.
The efficiency ratio for the Company was 59.72% for the quarter
versus 64.74% for the same period in 2019.
The return on average equity ratio for the Company was 11.22%
for the quarter versus 10.71% for the same quarter in 2019.
A quarterly cash dividend of $0.14 per share will be payable on
December 1, 2020 to shareholders of record on November 9, 2020.
This equates to an annualized dividend yield of 3.8%.
Balance Sheet
Total assets were $812 million at September 30, 2020, compared
to $701 million at September 30, 2019 and $780 million at June 30,
2020.
Total loans increased 9% year over year, led mainly by loans
granted under the Paycheck Protection Program (“PPP”).
According to Gasior, Cortland assisted 419 customers in obtaining
funds under this government program, providing payroll and
operating expense relief worth $56.4 million.
Total deposits grew by $93.5 million, or 16%, to $681 million
for the third quarter of 2020 from $587 million in the third
quarter of 2019. Noninterest-bearing deposits accounted for 29% of
total deposits, while certificates of deposits were 16% of the
deposit mix.
“Stimulus payments provided by the government, as well as the
PPP funds for our borrowers, have significantly contributed to
deposit growth,” stated Gasior. “In addition, in this stay-at-home
environment, depositors have increased their rate of saving.”
Asset Quality
A provision for loan losses of $525,000 was recorded for the
three months ended September 30, 2020 versus $180,000 a year ago.
The increase is attributable to additional qualitative factors,
giving recognition to economic disruption and uncertainty
associated with COVID-19.
Nonperforming loans were $7.7 million, compared to $9.1 million
a year earlier and $7.9 million at June 30, 2020. The ratio of
nonperforming assets to total assets at quarter end was .95%. This
reflects an improvement from the 1.30% reported a year ago. The
Company’s ratio of allowance for loan losses to nonperforming loans
was 78.04% at September 30, 2020. With the loan portfolio of
predominantly commercial real estate at low loan-to-value ratios,
collateral coverage weighs in as a significant risk mitigation
factor in evaluating credit exposure.
Performing restructured loans that are included in nonperforming
loans at the end of the quarter were $5.8 million, compared to $6.3
million a year ago and $5.8 million on a linked quarter basis.
The Bank had received requests to modify 127 loans aggregating
$123.7 million through April. Most of the requests involved the
deferral of principal and interest payments and/or the extension of
the maturity dates. As of September 30, 2020, only 40 loans
aggregating $61.3 million remain in deferral.
The composition of these deferrals by industry is as
follows:
Loan
Modifications |
As of September 30, 2020 |
|
Type of Loan |
Number of Loans |
|
Balance |
|
% of Total Loans |
% of Segment |
|
|
|
|
(In 000s) |
|
|
|
One-to-four family
residential |
- |
|
|
- |
|
0 |
% |
0 |
% |
Consumer |
- |
|
|
- |
|
0 |
% |
0 |
% |
Commercial and
Industrial |
|
|
|
|
|
|
|
Trucking |
- |
|
|
- |
|
0 |
% |
0 |
% |
|
Other |
6 |
|
|
7,669 |
|
1 |
% |
8 |
% |
Commercial Real
Estate |
|
|
|
|
|
|
|
Multi-family |
2 |
|
|
5,591 |
|
1 |
% |
14 |
% |
|
Nonresidential |
11 |
|
|
18,131 |
|
3 |
% |
18 |
% |
|
Hotels |
7 |
|
|
21,831 |
|
4 |
% |
78 |
% |
|
Skilled nursing/ personal
care |
2 |
|
|
2,211 |
|
0 |
% |
3 |
% |
|
Other |
12 |
|
|
5,849 |
|
1 |
% |
8 |
% |
|
Total |
40 |
|
$ |
61,282 |
|
11 |
% |
|
|
|
|
|
|
|
|
|
|
|
These loan deferrals and modifications have been executed
consistent with the guidelines of the CARES Act. These loan
deferrals are not included in our nonperforming loans previously
disclosed. In addition to loan deferrals, we are also participating
in the Paycheck Protection Program (PPP) stemming from the CARES
Act passed by Congress as a stimulus response to the potential
economic impacts of COVID-19." The Company approved 419 PPP loans
totaling $56.4 million for small businesses, saving more than 7,829
jobs in the communities we serve.
Capital
Cortland Bancorp continues to remain well capitalized under all
regulatory measures, with capital ratios exceeding the statutory
well-capitalized thresholds by an ample margin. For the quarter
ended September 30, 2020, capital ratios were as follows:
Ratio |
Cortland Bancorp |
Bank |
Well-capitalized Minimum |
Tier 1 leverage
ratio |
9.81% |
8.80% |
5.00% |
Tier 1 risk-based capital
ratio |
13.35% |
11.98% |
8.00% |
Total risk-based capital
ratio |
14.39% |
14.04% |
10.00% |
CERTAIN NON-GAAP MEASURES
Certain financial information has been determined by methods
other than Generally Accepted Accounting Standards (“GAAP”).
Specifically, certain financial measures are based on core earnings
rather than net income. Pre-tax, pre-provision income excludes the
provision for loan losses and the income tax provision. Such
information may be useful to both investors and management and can
aid them in understanding the Company’s current performance trends
and financial condition. Pre-tax, pre-provision income is a
supplemental tool for analysis and not a substitute for
GAAP net income. Reconciliation from GAAP net income to
the non-GAAP measure of pre-tax, pre-provision income is
referenced as part of management’s discussion and analysis of
quarterly and year-to-date financial results of operations.
The following is a reconciliation between pre-tax, pre-provision
income and earnings under GAAP:
IN 000s |
|
THREE MONTHS ENDED |
|
NINE MONTHS ENDED |
|
|
|
Sep 30, 2020 |
|
|
Sep 30, 2019 |
|
|
Jun 30, 2020 |
|
|
Sep 30, 2020 |
|
|
Sep 30, 2019 |
GAAP net income |
|
$ |
2,162 |
|
$ |
1,945 |
|
$ |
1,932 |
|
$ |
5,465 |
|
$ |
5,378 |
Provision for loan losses |
|
|
525 |
|
|
180 |
|
|
450 |
|
|
1,575 |
|
|
535 |
Federal income tax
expense |
|
|
360 |
|
|
363 |
|
|
369 |
|
|
935 |
|
|
966 |
Pre-tax,
pre-provision income |
$ |
3,047 |
|
$ |
2,488 |
|
$ |
2,751 |
|
$ |
7,975 |
|
$ |
6,879 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
About Cortland Bancorp
Cortland Bancorp is a financial holding company headquartered in
Cortland, Ohio. Founded in 1892, the bank subsidiary, The Cortland
Savings and Banking Company conducts business through 13
full-service community banking offices located in the counties of
Trumbull, Mahoning, Portage, Summit, and Cuyahoga in Northeastern
Ohio and a financial service center in Fairlawn, Ohio. For
additional information about Cortland Bank visit
http://www.cortlandbank.com.
Forward Looking StatementThis release may
contain “forward-looking statements” that are subject to risks and
uncertainties. Readers should not place undue reliance on
forward-looking statements, which reflect management’s views only
as of the date hereof. All statements, other than statements of
historical fact, regarding our financial position, business
strategy and management’s plans and objectives for future
operations are forward-looking statements. When used in this
report, the words “anticipate,” “believe,” “estimate,” “expect,”
and “intend” and words or phrases of similar meaning, as they
relate to Cortland Bancorp or management, are intended to help
identify forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Although we
believe that management’s expectations as reflected in
forward-looking statements are reasonable, we cannot assure readers
that those expectations will prove to be correct. Forward-looking
statements are subject to various risks and uncertainties that may
cause our actual results to differ materially and adversely from
our expectations as indicated in the forward-looking statements.
These risks and uncertainties include our ability to maintain or
expand our market share or net interest margins, and to implement
our marketing and growth strategies. Further, actual results may be
affected by our ability to compete on price and other factors with
other financial institutions; customer acceptance of new products
and services; the regulatory environment in which we operate; and
general trends in the local, regional and national banking industry
and economy, as those factors relate to our cost of funds and
return on assets. In addition, there are risks inherent in the
banking industry relating to collectability of loans and changes in
interest rates. Many of these risks, as well as other risks that
may have a material adverse impact on our operations and business,
are identified in our other filings with the SEC. However, you
should be aware that these factors are not an exhaustive list, and
you should not assume these are the only factors that may cause our
actual results to differ from our expectations.
|
SELECTED FINANCIAL DATA |
(In thousands of dollars, except for ratios and per share
amounts) |
Unaudited |
|
|
Three Months Ended |
|
Nine Months Ended |
|
Sept. 30, 2020 |
|
Sept. 30, 2019 |
|
Var % |
|
June 30, 2020 |
|
Var % |
|
Sept. 30, 2020 |
|
Sept. 30, 2019 |
|
Var % |
SUMMARY OF OPERATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
$ |
6,671 |
|
|
$ |
7,224 |
|
|
(8 |
)% |
|
$ |
6,618 |
|
|
1 |
% |
|
$ |
20,219 |
|
|
$ |
22,215 |
|
|
(9 |
)% |
Interest expense |
|
(868 |
) |
|
|
(1,402 |
) |
|
(38 |
) |
|
|
(1,004 |
) |
|
(14 |
) |
|
|
(3,097 |
) |
|
|
(4,167 |
) |
|
(26 |
) |
Net interest income |
|
5,803 |
|
|
|
5,822 |
|
|
— |
|
|
|
5,614 |
|
|
3 |
|
|
|
17,122 |
|
|
|
18,048 |
|
|
(5 |
) |
Provision for loan losses |
|
(525 |
) |
|
|
(180 |
) |
|
192 |
|
|
|
(450 |
) |
|
17 |
|
|
|
(1,575 |
) |
|
|
(535 |
) |
|
194 |
|
NII after loss provision |
|
5,278 |
|
|
|
5,642 |
|
|
(6 |
) |
|
|
5,164 |
|
|
2 |
|
|
|
15,547 |
|
|
|
17,513 |
|
|
(11 |
) |
Investment security losses |
|
— |
|
|
|
— |
|
|
— |
|
|
|
18 |
|
|
(100 |
) |
|
|
18 |
|
|
|
(44 |
) |
|
(141 |
) |
Non-interest income |
|
1,965 |
|
|
|
1,427 |
|
|
38 |
|
|
|
1,697 |
|
|
16 |
|
|
|
5,114 |
|
|
|
3,727 |
|
|
37 |
|
Non-interest expense |
|
(4,721 |
) |
|
|
(4,761 |
) |
|
(1 |
) |
|
|
(4,578 |
) |
|
3 |
|
|
|
(14,279 |
) |
|
|
(14,852 |
) |
|
(4 |
) |
Income before tax |
|
2,522 |
|
|
|
2,308 |
|
|
9 |
|
|
|
2,301 |
|
|
10 |
|
|
|
6,400 |
|
|
|
6,344 |
|
|
1 |
|
Federal income tax expense |
|
360 |
|
|
|
363 |
|
|
(1 |
) |
|
|
369 |
|
|
(2 |
) |
|
|
935 |
|
|
|
966 |
|
|
(3 |
) |
Net income |
$ |
2,162 |
|
|
$ |
1,945 |
|
|
11 |
% |
|
$ |
1,932 |
|
|
12 |
% |
|
$ |
5,465 |
|
|
$ |
5,378 |
|
|
2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PER COMMON SHARE DATA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares outstanding (000s) |
|
4,223 |
|
|
|
4,379 |
|
|
(4 |
)% |
|
|
4,223 |
|
|
— |
% |
|
|
4,223 |
|
|
|
4,379 |
|
|
(4 |
)% |
Earnings per share, basic and diluted |
$ |
0.51 |
|
|
$ |
0.45 |
|
|
13 |
|
|
$ |
0.47 |
|
|
9 |
|
|
$ |
1.30 |
|
|
$ |
1.24 |
|
|
5 |
|
Dividends per share |
|
0.14 |
|
|
|
0.11 |
|
|
27 |
|
|
|
0.14 |
|
|
— |
|
|
|
0.47 |
|
|
|
0.38 |
|
|
24 |
|
Market value |
|
15.17 |
|
|
|
21.90 |
|
|
(31 |
) |
|
|
13.22 |
|
|
15 |
|
|
|
15.17 |
|
|
|
21.90 |
|
|
(31 |
) |
Book value |
|
18.51 |
|
|
|
16.93 |
|
|
9 |
|
|
|
17.94 |
|
|
3 |
|
|
|
18.51 |
|
|
|
16.93 |
|
|
9 |
|
Market value to book value |
|
81.96 |
% |
|
|
129.36 |
% |
|
(37 |
) |
|
|
73.66 |
% |
|
11 |
|
|
|
81.96 |
% |
|
|
129.36 |
% |
|
(37 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BALANCE SHEET DATA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
$ |
811,625 |
|
|
$ |
700,621 |
|
|
16 |
% |
|
$ |
780,017 |
|
|
4 |
% |
|
$ |
811,625 |
|
|
$ |
700,621 |
|
|
16 |
% |
Investments securities |
|
170,608 |
|
|
|
139,291 |
|
|
22 |
|
|
|
165,957 |
|
|
3 |
|
|
|
170,608 |
|
|
|
139,291 |
|
|
22 |
|
Total loans |
|
534,146 |
|
|
|
488,435 |
|
|
9 |
|
|
|
528,097 |
|
|
1 |
|
|
|
534,146 |
|
|
|
488,435 |
|
|
9 |
|
Total deposits |
|
680,640 |
|
|
|
587,128 |
|
|
16 |
|
|
|
648,417 |
|
|
5 |
|
|
|
680,640 |
|
|
|
587,128 |
|
|
16 |
|
Borrowings |
|
37,243 |
|
|
|
25,462 |
|
|
46 |
|
|
|
39,483 |
|
|
(6 |
) |
|
|
37,243 |
|
|
|
25,462 |
|
|
46 |
|
Shareholders’ equity |
|
78,148 |
|
|
|
74,153 |
|
|
5 |
|
|
|
75,772 |
|
|
3 |
|
|
|
78,148 |
|
|
|
74,153 |
|
|
5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AVERAGE BALANCE SHEET DATA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average assets |
$ |
809,834 |
|
|
$ |
694,421 |
|
|
17 |
% |
|
$ |
774,804 |
|
|
5 |
% |
|
$ |
766,308 |
|
|
$ |
692,069 |
|
|
11 |
% |
Average total loans |
|
530,704 |
|
|
|
483,590 |
|
|
10 |
|
|
|
521,447 |
|
|
2 |
|
|
|
518,230 |
|
|
|
486,430 |
|
|
7 |
|
Average total deposits |
|
677,948 |
|
|
|
580,971 |
|
|
17 |
|
|
|
648,287 |
|
|
5 |
|
|
|
639,938 |
|
|
|
580,547 |
|
|
10 |
|
Average shareholders' equity |
|
77,048 |
|
|
|
72,667 |
|
|
6 |
|
|
|
73,960 |
|
|
4 |
|
|
|
76,867 |
|
|
|
69,301 |
|
|
11 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ASSET QUALITY RATIOS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net recoveries (charge-offs) |
$ |
— |
|
|
$ |
(24 |
) |
|
(100 |
)% |
|
$ |
(17 |
) |
|
(100 |
)% |
|
$ |
5 |
|
|
$ |
(92 |
) |
|
(105 |
)% |
Net recoveries (charge-offs) to average loans |
|
— |
% |
|
|
(0.02 |
)% |
|
(100 |
) |
|
|
(0.01 |
)% |
|
(100 |
) |
|
|
— |
% |
|
|
(0.03 |
)% |
|
(100 |
) |
Non-performing loans as a % of loans |
|
1.45 |
|
|
|
1.87 |
|
|
(22 |
) |
|
|
1.50 |
|
|
(3 |
) |
|
|
1.45 |
|
|
|
1.87 |
|
|
(22 |
) |
Non-performing assets as a % of assets |
|
0.95 |
|
|
|
1.30 |
|
|
(27 |
) |
|
|
1.02 |
|
|
(6 |
) |
|
|
0.95 |
|
|
|
1.30 |
|
|
(27 |
) |
Allowance for loan losses as a % of total loans |
|
1.13 |
|
|
|
0.95 |
|
|
19 |
|
|
|
1.05 |
|
|
8 |
|
|
|
1.13 |
|
|
|
0.95 |
|
|
19 |
|
Allowance for loan losses as a % of non-performing loans |
|
78.04 |
|
|
|
50.90 |
|
|
53 |
|
|
|
69.71 |
|
|
12 |
|
|
|
78.04 |
|
|
|
50.90 |
|
|
53 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FINANCIAL RATIOSSTATISTICS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest margin |
|
3.17 |
% |
|
|
3.70 |
% |
|
(14 |
)% |
|
|
3.21 |
% |
|
(1 |
)% |
|
|
3.30 |
% |
|
|
3.80 |
% |
|
(13 |
)% |
Return on average equity - Company |
|
11.22 |
|
|
|
10.71 |
|
|
5 |
|
|
|
10.45 |
|
|
7 |
|
|
|
9.48 |
|
|
|
10.35 |
|
|
(8 |
) |
- Bank |
|
12.55 |
|
|
|
12.17 |
|
|
3 |
|
|
|
12.46 |
|
|
1 |
|
|
|
11.19 |
|
|
|
12.56 |
|
|
(11 |
) |
Return on average assets - Company |
|
1.07 |
|
|
|
1.12 |
|
|
(5 |
) |
|
|
1.00 |
|
|
7 |
|
|
|
0.95 |
|
|
|
1.04 |
|
|
(8 |
) |
- Bank |
|
1.14 |
|
|
|
1.22 |
|
|
(7 |
) |
|
|
1.14 |
|
|
— |
|
|
|
1.08 |
|
|
|
1.20 |
|
|
(10 |
) |
Efficiency ratio - Company |
|
59.72 |
|
|
|
64.74 |
|
|
(8 |
) |
|
|
61.62 |
|
|
(3 |
) |
|
|
63.18 |
|
|
|
67.52 |
|
|
(6 |
) |
- Bank |
|
57.28 |
|
|
|
61.83 |
|
|
(7 |
) |
|
|
57.65 |
|
|
(1 |
) |
|
|
59.45 |
|
|
|
62.39 |
|
|
(5 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CAPITAL RATIOS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tier 1 leverage ratio - Company - Bank |
|
9.81 |
% |
|
|
11.23 |
% |
|
(13 |
)% |
|
|
10.00 |
% |
|
(2 |
)% |
|
|
9.81 |
% |
|
|
11.23 |
% |
|
(13 |
)% |
|
8.80 |
|
|
|
10.07 |
|
|
(13 |
) |
|
|
8.93 |
|
|
(1 |
) |
|
|
8.80 |
|
|
|
10.07 |
|
|
(13 |
) |
Common equity tier 1 ratio - Company -Bank |
|
12.50 |
|
|
|
12.69 |
|
|
(1 |
) |
|
|
12.57 |
|
|
(1 |
) |
|
|
12.50 |
|
|
|
12.69 |
|
|
(1 |
) |
|
11.98 |
|
|
|
12.16 |
|
|
(1 |
) |
|
|
12.02 |
|
|
— |
|
|
|
11.98 |
|
|
|
12.16 |
|
|
(1 |
) |
Tier 1 risk-based capital ratio - Company -Bank |
|
13.35 |
|
|
|
13.56 |
|
|
(2 |
) |
|
|
13.44 |
|
|
(1 |
) |
|
|
13.35 |
|
|
|
13.56 |
|
|
(2 |
) |
|
11.98 |
|
|
|
12.16 |
|
|
(1 |
) |
|
|
12.02 |
|
|
— |
|
|
|
11.98 |
|
|
|
12.16 |
|
|
(1 |
) |
Total risk-based capital ratio - Company -Bank |
|
14.39 |
|
|
|
14.38 |
|
|
— |
|
|
|
14.41 |
|
|
— |
|
|
|
14.39 |
|
|
|
14.38 |
|
|
— |
|
|
14.04 |
|
|
|
14.04 |
|
|
— |
|
|
|
14.05 |
|
|
— |
|
|
|
14.04 |
|
|
|
14.04 |
|
|
— |
|
CONTACT: |
James M.
Gasior President & CEO (330) 282-4111 |
Cortland Bancorp (NASDAQ:CLDB)
Graphique Historique de l'Action
De Août 2024 à Sept 2024
Cortland Bancorp (NASDAQ:CLDB)
Graphique Historique de l'Action
De Sept 2023 à Sept 2024