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CNC Financials

Canandaigua National Corporation (Company) is the holding company for The Canandaigua National Bank & Trust Company (Bank). The Company files financial information with its primary regulator, the Federal Reserve Bank of New York, which can be accessed at the following website: Canandaigua National Corporation regulatory information. The Bank files financial information with its primary regulator, the Office of the Comptroller of the Currency, which can be accessed at the following website: The Canandaigua National Bank and Trust Company regulatory information.

Prior to December 2013, the Company filed financial data with the Securities and Exchange Commission (SEC). This data, including Beneficial Ownership Reports on Forms 3, 4 and 5, can be accessed via the SEC Web site at the following link: Canandaigua National Corporation's Prior SEC filings.

Our Common Stock

Information about beneficial ownership of the Company's stock by directors and certain officers is set forth in the Company’s most recent Proxy Statement. Market value and dividend information is set forth in the table below. The Company currently pays a semi-annual dividend in February and August (exclusive of the acceleration of February 2013's dividend to December 2012). We expect to continue to pay cash dividends to our stockholders for the foreseeable future.

CNC Stock Price
$151.76
Last average auction price as of March 6, 2014.

While the Company's stock is not actively traded, from time to time, shareholders sell shares to interested persons in sealed-bid public auctions administered by the Bank’s Trust Department at the request of selling shareholders. Our stock is not listed with a national securities exchange. Due to the limited number of transactions, the quarterly high, low and weighted average sale prices may not be indicative of the actual market value of the Company's stock. The following table sets forth a summary of transactions by selling shareholders and bidders in the Company's common stock during each period for transactions that were administered by the Bank’s Trust Department. Also included are the book value at quarter end, and semi-annual dividends paid per share. (All share and per-share information has been adjusted to reflect the 4-for-1 stock split in 2011). The $1.63 per share dividend paid in December 2012 was accelerated from the semi-annual dividend payment that would have been paid in February 2013.

 

# Shares Sold Quarterly High
Sales Price
Quarterly Low
Sales Price
 

Average Sales Price

Book Value

Dividend Paid

2014            
1st Quarter 2696 $163.00 $148.00 $151.76    
2013            
4th Quarter 5,495 $162.60 $145.00 $148.83 $82.43  
3rd Quarter None N/A N/A N/A $80.45 $1.68
2nd Quarter 5,941 $155.00 $137.50 $144.39 $79.34  
1st Quarter 4,909 $175.00 $135.00 $141.96 $77.55  
2012            
4th Quarter 5,034 $170.00 $125.00 $145.51 $74.64 $1.63

3rd Quarter

2,748 $190.00 $138.00 $178.70 $73.42 $1.61
2nd Quarter 10,635

$185.00

$137.51 $152.17 $74.07  
1st Quarter 1,926 $165.78 $141.93 $147.48 $72.56 $1.50
2011            
4th Quarter 1,492 $150.00 $123.75 $129.22 $71.95  
3rd Quarter 2,948 $118.13 $107.50 $111.34 $69.55 $1.44
2nd Quarter 3,036 $110.00 $102.50 $103.87 $69.34  
1st Quarter 2,948 $107.21 $98.69 $99.89 $66.71 $1.43
2010            
4th Quarter

2,528

$102.90

$93.91

$95.85

$65.54

 
3rd Quarter

3,172

$100.00

$90.00

$91.89

$63.55

$1.43

2nd Quarter

3,200

$92.50

$87.53

$88.44

$62.99

 

1st Quarter

3,040

$91.75

$83.75

$85.37

$59.93

$1.29

2009

     

 

 

 

4th Quarter 2,700 $87.97 $81.25 $81.78 $59.33  

3rd Quarter

None N/A N/A

N/A

$57.18

$1.26

2nd Quarter

3,064 $87.50 $78.81

$80.93

$55.70

 

1st Quarter

3,244 $88.75 $75.50

$78.69

$53.94

$1.21

To obtain the most recent weighted average sales price reached in a publicly advertised sale, please contact Shareholder Relations at (585) 393-6056 or toll-free at (800) 724-2621. Individuals interested in the Company’s stock are urged to review all of the Company’s available financial information.

CNC Annual Reports

2014 Proxy Statement
2013 Annual Report
2012 Annual Report
2011 Annual Report 

Letters to Shareholders

August 1. 2012
August 1, 2011
August 16, 2010
August 1, 2009
August 1, 2008

Corporate Governance

Audit Committee Charter  (PDF)
Code of Conduct  (PDF)
Nominating and Governance Committee Charter  (PDF)
Compensation Committee Charter  (PDF)