v3.21.2

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
ASSETS
Cash and due from banks	$ 8,839	$ 9,728
Interest-earning deposits	64,426	26,380
Total cash and cash equivalents	73,265	36,108
Investment securities available-for-sale (Note 3)	171,313	167,875
Regulatory stock (Note 3)	3,031	3,031
Loans held for sale	3,519	6,876
Total loans (Note 4)	491,986	556,760
Less allowance for loan losses (Note 4)	(5,979)	(6,019)
Net loans	486,007	550,741
Premises and equipment	11,263	11,693
Bank-owned life insurance	21,394	21,166
Other assets	23,206	23,815
Total assets	792,998	821,305
LIABILITIES
Noninterest-bearing deposits	222,527	198,499
Interest-bearing deposits	455,106	502,011
Total deposits	677,633	700,510
Securities sold under agreements to repurchase (Note 13)	2,897	1,488
Federal Home Loan Bank advances - short term	0	2,000
Federal Home Loan Bank advances - long term	10,000	16,000
Subordinated debt (Note 7)	5,155	5,155
Other liabilities	14,090	15,147
Total liabilities	709,775	740,300
SHAREHOLDERS’ EQUITY
Common stock - $5.00 stated value - authorized 20,000,000 shares; issued 4,728,267 shares in 2021 and 2020; outstanding shares, 4,256,187 in 2021 and 4,223,153 in 2020	23,641	23,641
Additional paid-in capital	21,087	21,238
Retained earnings	45,185	41,863
Accumulated other comprehensive income (Note 10)	3,892	4,867
Treasury stock, at cost, 472,080 shares in 2021 and 505,114 in 2020	(10,582)	(10,604)
Total shareholders’ equity	83,223	81,005
Total liabilities and shareholders’ equity	$ 792,998	$ 821,305

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30)(a)(4))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=124509347&loc=d3e637-108580

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(23)(a)(3))
-URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669686-108580

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(ii)
-URI http://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=124509347&loc=d3e681-108580

CORTLAND BANCORP INC 10-Q