Company:  CORTLAND BANCORP INC (CLDB)
Form Type:  10-Q
Filing Date:  5/14/2020 
CIK:  0000774569 
Address:  194 W MAIN ST 
City, State, Zip:  CORTLAND, Ohio 44410 
Telephone:  (216) 637-8040 
Fiscal Year:  12/31 
Last Trade
Last Trade: 
$13.75  
Change: 
0.91 (7.09%)  
Trade Time: 
02:34 PM EST  
Market Cap: 
$58.13M
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Description of Business
Cortland Bancorp (the Company) was incorporated under the laws of the State of Ohio in 1984, as a one bank holding company registered under the Bank Holding Company Act of 1956, as amended (BHC Act). The principal activity of the Company is to own, manage and supervise The Cortland Savings and Banking Company (Cortland Bank or the Bank). The Company owns all of the outstanding shares of the Bank. The Company has made an election to be a financial holding company. The Company is regulated by the Board of Governors of the Federal Reserve System (Federal Reserve) and the Consumer Financial Protection Bureau (CFPB). The BHC Act provides generally for "umbrella" regulation of financial holding companies such as the Company by the Federal Reserve Board, and for functional regulation of banking activities by bank regulators, securities activities by securities regulators, and insurance activities by insurance regulators.
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  FORM 10-Q
    PART I - FINANCIAL INFORMATION
      FINANCIAL STATEMENTS
        BALANCE SHEET
        INCOME STATEMENT
        STOCKHOLDERS EQUITY
        CASH FLOW
        NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
          BALANCE SHEET
      ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
      FINANCIAL STATEMENTS
        CASH FLOW
      ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT ...
      ITEM 4. CONTROLS AND PROCEDURES
    PART II-OTHER INFORMATION
      Item 1. Legal Proceedings
      Item 1A. Risk Factors
      Item 2. Unregistered Sales of Equity Securities and Use of ...
      Item 3. Defaults upon Senior Securities-Not applicable
      Item 4. Mine Safety Disclosures-Not applicable
      Item 5. Other Information-Not applicable
    INDEX TO EXHIBITS
    SIGNATURES
  EXHIBIT 4.2
  EXHIBIT 31.1
    CERTIFICATION
  EXHIBIT 31.2
    CERTIFICATION
  EXHIBIT 32
    CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND