Peer Analysis
 
Performance Ratios (%) CLDB Peer Median Peer Average
ROAA 1.39 1.04 0.98
ROAE 14.96 9.31 8.70
Net Interest Margin 3.83 3.83 3.82
Efficiency Ratio 64.57 65.71 67.61
Loans / Deposits 84.38 89.16 87.90
Asset Quality Ratios (%)
NPAs / Assets 1.28 0.54 0.78
NCOs / Avg Loans (0.01) 0.05 0.09
Reserves / Loans 0.90 0.89 0.86
Reserves / NPAs 49.39 116.50 122.11
Capital Ratios (%)
Tier 1 Capital 12.80 12.73 13.55
Tangible Equity / Tangible Assets 9.97 10.31 9.90
Total Equity / Total Assets 9.97 11.32 11.58
Market Ratios
Price / Earnings (x) 10.90 11.69 13.38
Price / Book (%) 150.64 112.47 114.63
Dividend Yield (%) 1.86 2.61 2.65
Data for trailing four quarters

Cortland Bancorp's peer group consists of the following: Civista Bancshares, Inc. (CIVB), Croghan Bancshares, Inc. (CHBH), DCB Financial Corp (DCBF), Farmers & Merchants Bancorp, Inc. (FMAO), Farmers National Banc Corp. (FMNB), LCNB Corp. (LCNB), LNB Bancorp, Inc. (LNBB), Middlefield Banc Corp. (MBCN), NB&T Financial Group, Inc. (NBTF), Ohio Valley Banc Corp. (OVBC), SB Financial Group, Inc. (SBFG), United Bancorp, Inc. (UBCP), United Bancshares, Inc. (UBOH), Wayne Savings Bancshares, Inc. (WAYN)

Cortland Bancorp's financial data is as of 3/31/2019.

Peer financial data is as of 3/31/2019 except for these companies:

LNB Bancorp, Inc.'s financial data is as of 6/30/2015.
NB&T Financial Group, Inc.'s financial data is as of 12/31/2014.
DCB Financial Corp's financial data is as of 12/31/2016.