| --- | --- | --- | --- | |----------------------------------------|-------|-----------------------|-----------------| | (dollars in thousands) | | December 31, 2022 | % Total Loans | | Builder & developer | $ | 128,327 | 7.9 | | Commercial real estate investor | | 367,366 | 22.5 | | Residential real estate investor | | 263,262 | 16.1 | | Hotel/Motel | | 94,471 | 5.8 | | Wholesale & retail | | 60,672 | 3.7 | | Manufacturing | | 86,593 | 5.3 | | Agriculture | | 91,449 | 5.6 | | Service | | 73,094 | 4.5 | | O ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ FORM 10-Q _____________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from____________to______________ Commission file number: 0-15536 CODORUS VALLEY BA ...

Item 2: Properties 36 Purchases of Equity Securities by the Issuer and Affiliated Purchasers Disclosure of Codorus Valley's significant accounting policies is included in Note 1 in the notes to the consolidated financial statements included in this Form 10-K. Some of these policies require management to make significant judgments, estimates and assumptions that have a material impact on the carrying value of certain assets and liabilities. Management makes significant estimates in determining the allowance ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ FORM 10-Q _____________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2022 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from____________to______________ Commission file number: 0-15536 CODORUS VALLE ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ FORM 10-Q _____________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2022 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from____________to______________ Commission file number: 0-15536 CODORUS VALLEY BAN ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ FORM 10-Q _____________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2022 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from____________to______________ Commission file number: 0-15536 CODORUS VALLEY BA ...

Financial Performance - The Corporation's net income available to common shareholders for 2021 was $14,659,000, an increase of 74% compared to $8,442,000 in 2020[156]. - Net interest income for 2021 was $62,100,000, representing a 3% increase from $60,460,000 in 2020[161]. - Noninterest income for 2021 totaled $16,388,000, a 4% increase from $15,827,000 in 2020[161]. - Total noninterest income for 2021 was $16,365,000, representing a $473,000 or 3% increase compared to $15,892,000 in 2020[179]. - The provision for loan losses in 2021 was $3,663,000, a decrease of $11,012,000 or 75% compared to $14,675,000 in 2020[176]. - The total interest expense decreased by $5,662,000 in 2021, contributing to a net interest income increase of $3,272,000[174]. - The Corporation recorded a loss of $1,092,000 on the write-down and sales of assets held for sale in 2021, compared to no losses in the prior year[182]. Assets and Liabilities - Total assets as of December 31, 2021, were approximately $2.42 billion, a 12% increase from $2.16 billion in 2020[163]. - Total assets grew to $2,277,433,000 in 2021 from $2,039,125,000 in 2020, reflecting overall growth in the company's financial position[172]. - Total loans as of December 31, 2021, were approximately $1.53 billion, a decrease of $14,894,000 or 1% from the previous year[202]. - Total deposits reached $2.14 billion, reflecting a $280,226,000 (15%) increase from year-end 2020, primarily driven by new commercial client deposit relationships[217]. - Long-term debt decreased to $52,262,000 from $77,208,000 at year-end 2020, primarily due to the repayment of matured advances[222]. - Total long-term debt amounts to $50,369,000, with $10,000,000 due in less than 1 year and $40,369,000 due in more than 5 years[259]. Income and Expenses - Noninterest expense for 2021 was $56,215,000, an increase of 10% compared to $51,204,000 in 2020[162]. - Total noninterest expense for 2021 increased by $5,011,000 or 10% compared to 2020, reaching $56,215,000[186]. - Personnel costs rose by $3,383,000 or 11% due to higher variable compensation and medical claims expenses[187]. - Marketing expenses increased by $425,000 or 32% as marketing campaigns resumed in 2021 after delays in 2020[188]. Loan Quality and Risk Management - The allowance for loan losses as a percentage of total loans was 1.49% at December 31, 2021, compared to 1.38% at December 31, 2020[161]. - Nonaccrual loans totaled $33,582,000 as of December 31, 2021, a decrease from $38,175,000 in 2020, indicating improved asset quality[239]. - The Corporation's allowance for loan losses as a percentage of nonaccrual loans was 67.84% as of December 31, 2021, compared to 55.70% in 2020, reflecting a stronger reserve position[239]. - The loan portfolio is diversified to prevent dependency on a single client or small group of related clients, reducing concentration risk[234]. - The Corporation does not participate in the subprime lending market, mitigating potential credit risk[234]. Capital and Equity - Total shareholders' equity was $195,505,000, a decrease of $2,455,000 (1%) compared to $197,960,000 at year-end 2020[225]. - Common Equity Tier 1 Capital for Codorus Valley Bancorp, Inc. was 12.11% as of December 31, 2021, compared to 13.10% in 2020, exceeding the federal minimum requirement of 7.00%[231]. - Total risk-based capital for Codorus Valley Bancorp, Inc. was 15.92% as of December 31, 2021, down from 17.13% in 2020, while the federal minimum requirement is 10.50%[231]. Interest Rates and Economic Conditions - The average yield on earning assets decreased to 3.31% in 2021 from 3.92% in 2020[157]. - The average yield on total loans was 4.35% for 2021, down from 4.58% in 2020, impacted by competitive pricing and PPP loans[204]. - A 100 basis point increase in interest rates is projected to result in an annual change in net interest income of $7,557,000, representing a 12.08% increase[266]. - A 200 basis point increase in interest rates is projected to result in an annual change in net interest income of $16,108,000, representing a 25.75% increase[266]. - The change in the Consumer Price Index (CPI) from 2020 to 2021 was 7.0%, compared to 1.3% from 2019 to 2020, indicating significant inflationary pressure[260]. Governance and Compliance - The Corporation's internal control over financial reporting was assessed as effective as of December 31, 2021[271]. - The Corporation's financial statements were audited and presented fairly in all material respects as of December 31, 2021[275]. - The Corporation's Enterprise Risk Management Committee meets quarterly to identify and manage operational risks[232].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ FORM 10-Q _____________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2021 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from____________to______________ Commission file number: 0-15536 CODORUS VALLE ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ FORM 10-Q _____________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2021 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from____________to______________ Commission file number: 0-15536 CODORUS VALLEY BAN ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ FORM 10-Q _____________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2021 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from____________to______________ Commission file number: 0-15536 CODORUS VALLEY BA ...