Cortland Bancorp reported unaudited earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported interest income was $5,395,000 against $5,222,000 a year ago. Income before tax was $1,409,000 against $564,000 a year ago. Net income was $1,086,000 against $543,000 a year ago. Earnings per share were $0.24 against $0.12 a year ago. Book value was $12.87 against $12.33 a year ago. Return on average equity was 7.61% against 3.90% a year ago. Return on average assets was 0.75% against 0.39% a year ago. Net interest income was $4,716,000 against $4,534,000 a year ago. NII after loss provision was $4,651,000 against $3,384,000 a year ago.

For the year, the company reported interest income was $21,113,000 against $20,665,000 a year ago. Income before tax was $5,597,000 against $4,771,000 a year ago. Net income was $4,378,000 against $3,869,000 a year ago. Earnings per share were $0.97 against $0.85 a year ago. Book value per share was $12.87 against $12.33 a year ago. Return on average equity was 7.73% against 7.21% a year ago. Return on average assets was 0.77% against 0.71% a year ago. Net interest income was $18,506,000 against $17,781,000 a year ago. NII after loss provision was $18,051,000 against $16,143,000 a year ago.

For the quarter, the company reported net charge-offs of $47,000 against $26,000 a year ago.