X0202 5 2005-12-30 0 0 0 0000774569 CORTLAND BANCORP INC CLDB 0001205110 CARNEY TIMOTHY 194 WEST MAIN ST. CORTLAND OH 44410 0 1 0 0 SVP & COO Cortland Bancorp Common Stock 504 I 401-K/PBA Cortland Bancorp Common Stock 1287.186 I 401-K/Unitized Cortland Bancorp Common Stock 7.702 D Cortland Bancorp Common Stock 4.06 I Spouse 3% Stock Dividend This participant has elected to make 401-K investments through both a Personal Brokerage Account (PBA) and a Unitized Fund which invests in the common stock of Cortland Bancorp. The shares of Cortland Bancorp stock reported as held in the Unitized Fund represent the participant's pro rata share of the Unitized Fund's holdings in Cortland Bancorp stock. The shares of Cortland Bancorp stock reported as held in his PBA are the cumulative result of his individual decisions to buy or sell Cortland Bancorp shares. Purchased through Dividend Reinvestment. Timothy Carney 2006-01-18