What are Cortland Bancorp Inc's Business Segments?
The Company and its subsidiaries operate in the domestic banking industry which
accounts for substantially all of the Company’s assets, revenues and operating
income. The Company, through the Bank, grants residential, consumer, and commercial
loans and offers a variety of saving plans to customers located primarily in the
Northeastern Ohio and Western Pennsylvania area. Based on the analysis performed
by the Company, management has determined that the Company only has one operating
segment, which is commercial banking. The chief operating decision-makers use
consolidated results to make operating and strategic decisions, and therefore
are not required to disclose any additional segment information.
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