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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 35th largest bank in the state of Ohio. It is also the 1,055th largest bank in the nation. It was established in 1892 and as of December of 2019, it had grown to 161 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 Q4 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #2281
Year Established1892
Employees161
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.17%
Return on Equity - YTD12.28%
Annual Interest Income$29.6MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$733.8MM$711.1MM
LoansQ4 2019vs Q4 2018$519.1MM$511.2MM
DepositsQ4 2019vs Q4 2018$618.5MM$604.7MM
Equity CapitalQ4 2019vs Q4 2018$70.9MM$61.3MM
Loan Loss AllowanceQ4 2019vs Q4 2018$4.5MM$4.2MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$2.2MM$2.2MM
Real Estate OwnedQ4 2019vs Q4 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
1.25%*-$25kChoice Savings w/ Choice Premier
OTHER TIERS: 0.25% → $25k+
0.75%*-$25kChoice Savings w/ Choice Interest or Choice Cash
OTHER TIERS: 0.25% → $25k+
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

The Cortland Savings and Banking Company Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$25k$2.5mMoney 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
2.50%*-$25kChoice Premier Checking
OTHER TIERS: 0.25% → $25k+
2.00%*-$25kChoice Interest Checking
OTHER TIERS: 0.25% → $25k+

The Cortland Savings and Banking Company CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%$1k-10 Year CD
1.00%$1k-7 Year CD
0.75%$1k-5 Year CD
0.30%$1k-3 1/2 Year CD
0.25%$1k-30 Month CD
0.25%$1k-3 Year CD
0.20%$1k-2 Year CD
0.15%$1k-1 Year CD
0.15%$1k-18 Month CD
0.10%$1k-182 Day CD
0.05%$1k-91 Day CD
Locations

Availability



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