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 35^th largest bank in the state of Ohio. It is also the 1,099^th largest bank in the nation. It was established in 1892 and as of June of 2019, it had grown to 162 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

Data as of Q2 2019

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Health Grade Components

Overall
FDIC Certificate #	2281
Year Established	1892
Employees	162
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.17%
Return on Equity - YTD	12.62%
Annual Interest Income	$15.0MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$687.5MM$659.3MM
Loans	Q2 2019vs Q2 2018	$479.1MM$464.9MM
Deposits	Q2 2019vs Q2 2018	$577.0MM$558.0MM
Equity Capital	Q2 2019vs Q2 2018	$68.0MM$58.3MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$4.5MM$4.1MM
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$2.0MM$2.0MM
Real Estate Owned	Q2 2019vs Q2 2018	$0$0

Rates

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Savings
Money Market
Checking
CD

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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

APY	MIN	MAX	ACCOUNT NAME
0.75%	-	$25k	Kasasa 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

APY	MIN	MAX	ACCOUNT NAME
0.65%	$2.5k	$25k	Money 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

APY	MIN	MAX	ACCOUNT NAME
2.00%^*	-	$25k	Kasasa Cash
OTHER TIERS: 0.25% → $25k+
0.00%^*	-	-	Kasasa Cash PLUS
OTHER TIERS: 0.25% → $25k+

The Cortland Savings and Banking Company CD Rates

APY	MIN	MAX	ACCOUNT NAME
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

Availability

Youngstown Area

Youngstown Area bank & credit union details

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