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The Cortland Savings and Banking Company


Overview / Commentary
www.cortlandbank.com
330-637-8040
194 West Main Street
Cortland, OH 44410

The Cortland Savings and Banking Company is headquartered in Cortland and is the 37th largest bank in the state of Ohio. It is also the 1,094th largest bank in the nation. It was established in 1892 and as of September of 2019, it had grown to 159 employees at 14 locations. The Cortland Savings and Banking Company's money market rates are 48% higher than the national average, and it has an A health rating.

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Health
A

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #2281
Year Established1892
Employees159
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.19%
Return on Equity - YTD12.46%
Annual Interest Income$22.2MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$697.4MM$677.8MM
LoansQ3 2019vs Q3 2018$488.8MM$478.8MM
DepositsQ3 2019vs Q3 2018$587.3MM$561.4MM
Equity CapitalQ3 2019vs Q3 2018$70.8MM$58.5MM
Loan Loss AllowanceQ3 2019vs Q3 2018$4.6MM$4.2MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$2.3MM$2.3MM
Real Estate OwnedQ3 2019vs Q3 2018$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

The Cortland Savings and Banking Company Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%-$25kKasasa Saver
0.12%*$100k*-Super Passbook Savings
OTHER TIERS: 0.02% → $1k - $10k | 0.05% → $10k - $50k | 0.10% → $50k - $100k
0.12%*$100k*-Platinum Savings
OTHER TIERS: 0.02% → $1k - $10k | 0.05% → $10k - $50k | 0.10% → $50k - $100k
0.02%$200-Statement Savings
0.02%$200-Passbook Savings
0.00%*--Kasasa Saver with Kasasa Cash PLUS
OTHER TIERS: 0.25% → $25k+

The Cortland Savings and Banking Company Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$2.5k$25kMoney Market (New Money)
0.17%*$100k*-Money Market Plus Checking Account
OTHER TIERS: 0.02% → $2.5k - $25k | 0.07% → $25k - $50k | 0.12% → $50k - $100k

The Cortland Savings and Banking Company Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$25kKasasa Cash
OTHER TIERS: 0.25% → $25k+
0.00%*--Kasasa Cash PLUS
OTHER TIERS: 0.25% → $25k+

The Cortland Savings and Banking Company CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.81%$1k-10 Year CD
1.15%$1k-7 Year CD
1.00%$1k-5 Year CD
0.55%$1k-3 Year CD
0.55%$1k-3 1/2 Year CD
0.40%$1k-30 Month CD
0.35%$1k-2 Year CD
0.30%$1k-18 Month CD
0.20%$1k-1 Year CD
0.15%$1k-182 Day CD
0.05%$1k-91 Day CD
Locations

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