Cortland Bancorp Raises Quarterly Cash Dividend to $0.05 Per Share
GlobeNewswire - Wed Apr 30, 3:12PM CDT
Cortland Bancorp (OTCQB:CLDB), the holding company for Cortland Savings and Banking Company, today announced that its Board of Directors increased its quarterly cash dividend 67% to $0.05 per share, from $0.03 per share, providing a current yield of 1.78% at current market prices. The dividend will be payable on May 28, 2014, to shareholders of record as of the close of business on May 12, 2014.
Cortland Bancorp Reports Record Profits of $1.33 Million for 1Q 2014
GlobeNewswire - Wed Apr 30, 3:01PM CDT
Cortland Bancorp (OTCQB:CLDB), the holding company for Cortland Savings and Banking Company, today reported earnings increased 61% to $1.33 million, or $0.29 per share, compared to $830,000, or $0.18 per share, for the first quarter of 2013. Earnings results for the quarter were highlighted by an expanded net interest margin, continuation of stellar asset quality trends and improvement in the efficiency ratio.
Cortland Bancorp Declares Quarterly Cash Dividend of $0.03 per Share
GlobeNewswire - Fri Jan 31, 4:18PM CST
Cortland Bancorp (OTCQB:CLDB), the holding company for Cortland Savings and Banking Company, today announced that its Board of Directors declared its regular quarterly cash dividend of $0.03 per share. The dividend will be payable on February 28, 2014, to common shareholders of record as of the close of business on February 10, 2014.
Cortland Bancorp Earns $1.8 Million or $0.39 per Share in 2013; Volcker Rule Charges Reduces 2013 Net Income by $1.3 Million, or $0.28 per Share
GlobeNewswire - Fri Jan 31, 4:16PM CST
Cortland Bancorp (OTCQB:CLDB), the holding company for Cortland Savings and Banking Company, today reported 2013 profits were impacted by charges for its investment portfolio due to regulatory changes mandated by the Volcker Rule. In 2013, Cortland earned $1.8 million, or $0.39 per share, compared to $2.9 million, or $0.64 per share in 2012. Excluding the charges for the investment portfolio, which were $2.0 million pre-tax and $1.3 million after tax, Cortland would have earned $3.1 million, or $0.68 per share, in 2013.