Codorus Valley Bancorp Management

Management criteria checks 4/4

Codorus Valley Bancorp's CEO is Craig Kauffman, appointed in Oct 2021, has a tenure of 2.5 years. total yearly compensation is $990.70K, comprised of 51.9% salary and 48.1% bonuses, including company stock and options. directly owns 0.44% of the company’s shares, worth $949.25K. The average tenure of the management team and the board of directors is 2.5 years and 3.2 years respectively.

Key information

Craig Kauffman

Chief executive officer

US$990.7k

Total compensation

CEO salary percentage	51.9%
CEO tenure	2.5yrs
CEO ownership	0.4%
Management average tenure	2.5yrs
Board average tenure	3.2yrs

Recent management updates

Recent updates

Codorus Valley Bancorp (NASDAQ:CVLY) Is Increasing Its Dividend To $0.17

Jul 15

Codorus Valley Bancorp's (NASDAQ:CVLY) Upcoming Dividend Will Be Larger Than Last Year's

Apr 15

Is Now The Time To Put Codorus Valley Bancorp (NASDAQ:CVLY) On Your Watchlist?

Mar 14

Codorus Valley declares $0.15 dividend

Jul 13

This Is Why Codorus Valley Bancorp, Inc.'s (NASDAQ:CVLY) CEO Compensation Looks Appropriate

May 12

How Much Are Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) Insiders Spending On Buying Shares?

Mar 13

Is Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) A Good Dividend Stock?

Feb 15

Dividend Investors: Don't Be Too Quick To Buy Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) For Its Upcoming Dividend

Jan 20

What Type Of Shareholders Make Up Codorus Valley Bancorp, Inc.'s (NASDAQ:CVLY) Share Registry?

Jan 18

CEO Compensation Analysis

How has Craig Kauffman's remuneration changed compared to Codorus Valley Bancorp's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$25m
Sep 30 2023	n/a	n/a	US$27m
Jun 30 2023	n/a	n/a	US$29m
Mar 31 2023	n/a	n/a	US$24m
Dec 31 2022	US$991k	US$514k	US$20m
Sep 30 2022	n/a	n/a	US$15m
Jun 30 2022	n/a	n/a	US$12m
Mar 31 2022	n/a	n/a	US$14m
Dec 31 2021	US$1m	US$441k	US$15m
Sep 30 2021	n/a	n/a	US$17m
Jun 30 2021	n/a	n/a	US$16m
Mar 31 2021	n/a	n/a	US$15m
Dec 31 2020	US$583k	US$410k	US$8m
Sep 30 2020	n/a	n/a	US$8m
Jun 30 2020	n/a	n/a	US$10m
Mar 31 2020	n/a	n/a	US$12m
Dec 31 2019	US$570k	US$388k	US$19m
Sep 30 2019	n/a	n/a	US$18m
Jun 30 2019	n/a	n/a	US$18m
Mar 31 2019	n/a	n/a	US$20m
Dec 31 2018	US$273k	US$124k	US$20m

Compensation vs Market: Craig's total compensation ($USD990.70K) is below average for companies of similar size in the US market ($USD1.60M).

Compensation vs Earnings: Craig's compensation has been consistent with company performance over the past year.

CEO

Craig Kauffman (59 yo)

2.5yrs

Tenure

US$990,702

Compensation

Mr. Craig L. Kauffman has been President, Chief Executive Officer of Peoples Bank, A Codorus Valley Company since August 2018 and serves as its Director since August 14, 2018. Mr. Kauffman has been Preside...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Diane Baker	Executive VP	1.3yrs	US$486.54k	0.24% $ 511.5k
Craig Kauffman	President	2.5yrs	US$990.70k	0.44% $ 949.3k
Larry Pickett	Executive VP	5.7yrs	US$447.96k	0.12% $ 257.4k
Daniel Stolzer	Executive VP	1.7yrs	no data	0.016% $ 33.6k
John Moss	Director of Marketing	2.3yrs	no data	no data
E. Ginder	Senior VP & Chief Credit Officer of PeoplesBank	6.3yrs	no data	0.043% $ 92.2k
Harland Carney	Senior VP & Director of Commercial Banking	4.3yrs	no data	no data
Teresa Greider	VP & Controller	no data	no data	no data
Chad Clabaugh	Senior VP & Chief Consumer Banking Officer of PeoplesBank	no data	US$392.71k	0.065% $ 139.8k

2.5yrs

Average Tenure

61.5yo

Average Age

Experienced Management: CVLY's management team is considered experienced (2.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Craig Kauffman	President	4.5yrs	US$990.70k	0.44% $ 949.3k
Cynthia Dotzel	Director Emeritus	less than a year	US$60.87k	0.52% $ 1.1m
Scott Fainor	Independent Director	1.8yrs	US$66.29k	0.12% $ 249.6k
John Kiernan	Independent Director	2yrs	US$23.05k	0.048% $ 102.4k
Brian Brunner	Independent Vice Chairman of the Board	8.3yrs	US$71.69k	0.51% $ 1.1m
John Messick	Independent Chairman of the Board & Lead Independent Director	4.2yrs	US$73.76k	0.11% $ 229.6k
John Giambalvo	Independent Director	6.8yrs	US$68.86k	0.51% $ 1.1m
Sarah Brown	Independent Director	4.2yrs	US$60.61k	0.089% $ 192.4k
Keith Cenekofsky	Independent Director	2.3yrs	US$69.99k	0.065% $ 140.0k
Kent Matsumoto	Independent Director	1.8yrs	US$65.49k	0.043% $ 91.8k

3.2yrs

Average Tenure

60yo

Average Age

Experienced Board: CVLY's board of directors are considered experienced (3.2 years average tenure).

Codorus Valley Bancorp Management

Management criteria checks 4/4

Key information

Recent management updates

High number of new directors

Codorus Valley Bancorp, Inc. and PeoplesBank, A Codorus - Valley Company, Announce Resignation of Cynthia A. Dotzel as Director of the Board

Independent Director recently bought US$71k worth of stock

Codorus Valley Bancorp, Inc. and PeoplesBank Announces That Jeffrey R. Hines, P.E. Has Indicated That He Will Retire from His Role as Director of the Boards

High number of new directors

Codorus Valley Bancorp, Inc. Appoints Daniel R. Stolzer, Esq as General Counsel

Recent updates

Fourth quarter dividend of US$0.17 announced

Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on May 14, 2024

Full year 2023 earnings released: EPS: US$2.60 (vs US$2.11 in FY 2022)

Now 21% undervalued

Full year 2023 earnings released: EPS: US$2.60 (vs US$2.11 in FY 2022)

Upcoming dividend of US$0.17 per share at 2.8% yield

Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on February 13, 2024

Orrstown Financial Services, Inc. (NasdaqCM:ORRF) entered into a definitive agreement to acquire Codorus Valley Bancorp, Inc. (NasdaqGM:CVLY) for approximately $210 million in a merger of equals transaction.

Orrstown Financial Services, Inc. (NasdaqCM:ORRF) entered into a definitive agreement to acquire Codorus Valley Bancorp, Inc. (NasdaqGM:CVLY) for approximately $210 million in a merger of equals transaction.

New major risk - Revenue and earnings growth

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.17 per share at 3.5% yield

Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on November 14, 2023

New major risk - Revenue and earnings growth

High number of new directors

Second quarter 2023 earnings released: EPS: US$0.69 (vs US$0.20 in 2Q 2022)

Upcoming dividend of US$0.17 per share at 3.2% yield

Codorus Valley Bancorp (NASDAQ:CVLY) Is Increasing Its Dividend To $0.17

Codorus Valley Bancorp, Inc. and PeoplesBank, A Codorus - Valley Company, Announce Resignation of Cynthia A. Dotzel as Director of the Board

New major risk - Revenue and earnings growth

Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on August 8, 2023

Independent Director recently bought US$71k worth of stock

Investor sentiment deteriorates as stock falls 15%

Now 23% undervalued after recent price drop

Upcoming dividend of US$0.16 per share at 3.1% yield

Codorus Valley Bancorp's (NASDAQ:CVLY) Upcoming Dividend Will Be Larger Than Last Year's

Full year 2022 earnings released: EPS: US$2.11 (vs US$1.51 in FY 2021)

Is Now The Time To Put Codorus Valley Bancorp (NASDAQ:CVLY) On Your Watchlist?

Full year 2022 earnings released: EPS: US$2.11 (vs US$1.51 in FY 2021)

Upcoming dividend of US$0.16 per share

Codorus Valley Bancorp, Inc. (NasdaqGM:CVLY) announces an Equity Buyback for $5 million worth of its shares.

Codorus Valley Bancorp, Inc. and PeoplesBank Announces That Jeffrey R. Hines, P.E. Has Indicated That He Will Retire from His Role as Director of the Boards

High number of new directors

Now 20% undervalued

Third quarter 2022 earnings released: EPS: US$0.75 (vs US$0.49 in 3Q 2021)

Upcoming dividend of US$0.15 per share

Codorus Valley Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable on November 8, 2022

Codorus Valley Bancorp, Inc. Appoints Daniel R. Stolzer, Esq as General Counsel

Director recently bought US$65k worth of stock

Second quarter 2022 earnings released: EPS: US$0.20 (vs US$0.33 in 2Q 2021)

Upcoming dividend of US$0.15 per share

Codorus Valley Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable on August 9, 2022

Codorus Valley declares $0.15 dividend

Codorus Valley Bancorp, Inc. Announces Board and Committee Appointments

High number of new directors

High number of new directors

First quarter 2022 earnings released: EPS: US$0.32 (vs US$0.40 in 1Q 2021)

Codorus Valley Bancorp, Inc. Announces Board and Committee Appointments

Upcoming dividend of US$0.15 per share

Codorus Valley Bancorp, Inc., Annual General Meeting, May 17, 2022

Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend Payable on May 10, 2022

Codorus Valley Bancorp, Inc. Announces Board Appointments

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Driver Management Provides Information to Shareholders of Codorus Valley Bancorp

Driver Management Provides Information to Shareholders of Codorus Valley

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

J. Abbott R. Cooper Sends Letter to the Board of Codorus Valley Bancorp

Codorus Valley Bancorp, Inc. (NasdaqGM:CVLY) announces an Equity Buyback for $5 million worth of its shares.

Upcoming dividend of US$0.15 per share

J. Abbott R. Cooper Sends Letter to Cynthia Dotzel

Driver Management Provides Information to Shareholders of Codorus Valley Bancorp

Independent Director recently bought US$100k worth of stock

Driver Management Sends Letter to Codorus Valley Bancorp

Third quarter 2021 earnings released: EPS US$0.49 (vs US$0.37 in 3Q 2020)

Upcoming dividend of US$0.15 per share

Independent Director recently bought US$100k worth of stock

Codorus Valley Bancorp, Inc. (NasdaqGM:CVLY) announces an Equity Buyback for $5 million worth of its shares.

J. Abbott R. Cooper Provides Information to Shareholders of Codorus Valley Bancorp

Driver Management Presses Codorus Valley to Find Buyer