Cortland Bancorp (CLDB) 8-K Submission of Matters to a Vote of Security Holders

Exhibit 99.1

Annual Shareholders' Meeting May 22, 2012

Chief Financial Officer

Corporate Profile December 31, 2011 March 31, 2012 Total Assets $520 Million Branches 14 Employees 165 Shares Outstanding 4.5 Million Share Price $6.80 $7.95 Book Value $10.10 $10.53

Condensed Statements of Income (Amounts in Thousands)

Non-Interest Income

Balance Sheet Composition

Net Interest Margin

Net Interest Margin

Credit Quality

Capital Adequacy Prior year cushion $22.4 million $24.7 million $12.6 million How much capital is needed to pass a regulatory stress test if it was imposed upon Cortland? How much cushion is needed to absorb any asset quality or investment issues remaining in this post-recessionary period? Any excess may be available for dividends and share repurchases. + $3.6 million

Capital Trend It is not necessary to get back to 2007/2008 levels in order to pay dividends.

First Quarter Results

Focus Balance sheet management - Net Interest Margin low rate environment; rising rate horizon Earnings - Mortgage banking expansion - addition of retail; continuation of wholesale Asset Quality - Underwriting standards - in loan growth scenario Capital - Retain earnings to achieve "new" capital standards

President and Chief Executive Officer

2011 Highlights Investor Relations Wholesale Lending New Products and Services Community Reinvestment Lending and Deposit Growth Credit Quality Regulatory Environment Looking Forward

Loans/Deposits

Loan Composition

Deposit Composition

NPAs/Assets

LLR/Loans

Net Charge-Offs/Loans

Non-Interest Income/Average Assets

ROAA

ROAE

Net Interest Margin

Efficiency Ratio

Price/Tangible Book Value

2012 Initiatives Continued Focus On Risk Management Effectively Manage NIM During the Current Low Rate Cycle Revenue Diversification Commercial And Industrial Mortgage Wholesaling Retail Mortgage Other Sources Of Non-Interest Income Branch Profitability/Corporate Efficiency Enhance Shareholder Value