Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - CORTLAND BANCORP INC | d358011d8k.htm |
Exhibit 99.1
| Annual Shareholders' Meeting May 22, 2012 |
| Chief Financial Officer |
| Corporate Profile December 31, 2011 March 31, 2012 Total Assets $520 Million Branches 14 Employees 165 Shares Outstanding 4.5 Million Share Price $6.80 $7.95 Book Value $10.10 $10.53 |
| Condensed Statements of Income (Amounts in Thousands) |
| Non-Interest Income |
| Balance Sheet Composition |
| Net Interest Margin |
| Net Interest Margin |
| Credit Quality |
| Capital Adequacy Prior year cushion $22.4 million $24.7 million $12.6 million How much capital is needed to pass a regulatory stress test if it was imposed upon Cortland? How much cushion is needed to absorb any asset quality or investment issues remaining in this post-recessionary period? Any excess may be available for dividends and share repurchases. + $3.6 million |
| Capital Trend It is not necessary to get back to 2007/2008 levels in order to pay dividends. |
| First Quarter Results |
| Focus Balance sheet management - Net Interest Margin low rate environment; rising rate horizon Earnings - Mortgage banking expansion - addition of retail; continuation of wholesale Asset Quality - Underwriting standards - in loan growth scenario Capital - Retain earnings to achieve "new" capital standards |
| President and Chief Executive Officer |
| 2011 Highlights Investor Relations Wholesale Lending New Products and Services Community Reinvestment Lending and Deposit Growth Credit Quality Regulatory Environment Looking Forward |
| Loans/Deposits |
| Loan Composition |
| Deposit Composition |
| NPAs/Assets |
| LLR/Loans |
| Net Charge-Offs/Loans |
| Non-Interest Income/Average Assets |
| ROAA |
| ROAE |
| Net Interest Margin |
| Efficiency Ratio |
| Price/Tangible Book Value |
| 2012 Initiatives Continued Focus On Risk Management Effectively Manage NIM During the Current Low Rate Cycle Revenue Diversification Commercial And Industrial Mortgage Wholesaling Retail Mortgage Other Sources Of Non-Interest Income Branch Profitability/Corporate Efficiency Enhance Shareholder Value |
