Chemung financial corp (CHMG)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent

15,609

19,626

7,430

10,027

9,433

8,157

8,731

11,022

10,537

10,101

5,232

Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of right-of-use assets

712

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

609

700

860

1,000

1,136

1,310

921

1,047

1,041

730

933

Deferred income tax (benefit) expense

-1,564

2,153

4,251

-2,564

774

-2,263

-121

647

3,416

153

-1,949

Provision for loan losses

5,945

3,153

9,022

2,437

1,571

3,981

2,755

828

958

1,125

2,450

Loss on disposal of fixed assets

-334

-10

-29

0

18

-14

0

0

-

-

-

Depreciation and amortization of fixed assets

3,112

3,400

3,703

4,205

4,044

3,861

3,236

2,946

2,861

2,778

2,792

Amortization of premiums on securities, net

-1,055

-1,304

-1,450

-1,771

-1,903

-2,398

-2,280

-1,827

-1,394

-608

-386

Gain (Loss) on Sales of Loans, Net

248

351

260

326

294

301

503

484

179

241

258

Proceeds from sales of loans held for sale

12,488

18,262

9,722

15,498

13,669

14,062

20,076

15,684

7,778

9,105

13,514

Loans originated and held for sale

12,923

17,871

9,592

14,508

13,786

13,731

19,210

15,862

7,507

9,151

13,374

Debt and Equity Securities, Gain (Loss)

-

-

-

987

-

-

-

-

-

-

-

Net (gains) losses on trading assets

-

-

-

-

-2

50

43

27

2

0

0

Net gains on securities transactions

-

-

-

-

372

6,869

16

301

1,108

450

784

Gain on bargain purchase

-

-

-

-

-

-

470

0

0

-

-

Gains (Losses) on Sales of Other Real Estate

-99

90

38

21

84

-64

28

-45

91

24

-4

Write-downs on other real estate owned

53

14

43

-

-

-

-

-

-

-

-

Equity Securities, FV-NI, Gain (Loss)

81

2,004

80

43

-

-

-

-

-

-

-

Debt Securities, Realized Gain (Loss)

19

0

109

-

-

-

-

-

-

-

-

Changes in fair value on equity investments

81

2,004

80

43

-

-

-

-

-

-

-

Net impairment loss recognized on investment securities

-

-

-

-

-

-

29

0

67

393

2,242

Proceeds from sales of trading assets

22

2,288

20

99

16

7

112

96

19

0

0

Purchase of equity investments

206

167

97

-

-

-

-

-

-

-

-

Increase in other assets and accrued interest receivable

1,945

2,651

-579

198

-4,931

7,579

4,246

-6,084

9,890

-2,708

-1,408

Decrease in prepaid FDIC Assessment

-

-

-

-

-

-

-

-733

-164

-1,074

3,941

(Decrease) increase in accrued interest payable

67

84

-62

1

-28

-99

-108

-348

-287

-344

-333

Write-downs on OREO

-

-

-

7

390

141

3

-

-

-

-

Purchase of equity investments

-

-

-

96

170

140

87

123

311

0

0

Expense related to restricted stock units for directors' deferred compensation plan

42

67

98

97

95

94

99

87

80

111

104

Expense related to employee stock compensation

100

89

200

210

93

117

112

80

55

55

50

Expense related to employee restricted stock awards

503

405

210

192

314

151

131

80

28

1

0

Payments on operating leases

629

-

-

-

-

-

-

-

-

-

-

Increase in other liabilities

3,333

-654

-3,664

5,427

-9,421

15,086

9,403

588

231

-959

-1,689

Bank Owned Life Insurance Income

63

66

70

73

75

78

84

87

88

87

51

Proceeds from sales of student loans

-

-

-

-

-

-

-

-

-

137

1,942

Net cash provided by operating activities

26,405

27,772

23,645

22,141

-

-

-

-

9,167

17,824

8,679

Net cash provided by operating activities

-

-

-

-

14,123

18,443

22,972

24,562

-

-

-

CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sales of securities available for sale

33,690

0

5,576

40,413

-

-

-

-

-

-

-

Proceeds from sales and calls of securities available for sale

-

-

-

-

73,823

62,738

18,150

90,870

88,741

85,440

68,234

Proceeds from maturities, calls, and principal paydowns on securities available for sale

-

-

-

88,875

48,601

24,222

44,046

29,342

31,200

59,166

58,694

Proceeds from maturities, calls, and principal paydowns on securities available for sale

49,665

64,180

46,578

2,868

3,290

3,201

5,703

4,296

3,965

10,057

8,266

Proceeds from maturities and principal collected on securities held to maturity

2,903

1,316

2,891

-

-

-

-

-

-

-

-

Purchases of securities available for sale

118,151

16,033

41,306

95,993

-

-

-

-

-

-

-

Purchases of securities available for sale

-

-

-

-

191,112

23,613

174,034

80,444

127,405

136,077

161,072

Purchases of securities held to maturity

1,143

2,410

1,967

3,007

2,025

2,537

6,449

1,733

4,562

5,612

11,987

Purchase of FHLBNY and FRBNY stock

14

22,003

7,208

5,458

8,552

3,907

16,124

26

1,002

58

443

Redemption of FHLBNY and FRBNY stock

53

24,649

5,465

6,214

9,290

2,854

16,353

825

400

9

535

Proceeds from sales of fixed assets

0

0

16

0

18

0

0

-

-

-

-

Purchases of premises and equipment

883

1,770

1,482

1,696

1,154

2,586

3,711

3,668

2,551

2,084

1,819

Cash paid Fort Orange Financial Corp. acquisition

-

-

-

-

-

-

-

-

8,137

0

0

Cash received Fort Orange Financial Corp. acquisition

-

-

-

-

-

-

-

-

33,284

0

0

Cash received acquisition of Bank of America branches

-

-

-

-

-

-

173,673

0

0

-

-

Cash paid Bank of America branches

-

-

-

-

-

-

2,768

0

0

-

-

Net cash received in Bank of Canton acquisition

-

-

-

-

-

-

-

-

-

-

2,876

Proceeds from sale of other real estate owned

458

1,709

383

1,568

1,329

342

155

796

327

317

421

Proceeds from bank owned life insurance

-

-

-

-

-

110

0

0

-

-

-

Net (increase) decrease in loans

-711

5,719

115,588

34,513

48,156

131,852

101,481

97,115

19,322

20,117

-24,994

Net cash used in investing activities

-32,711

43,919

-106,642

-729

-

-

-

-

-5,063

-8,958

-11,299

Net cash (used in) provided by investing activities

-

-

-

-

-114,648

-71,138

-46,487

-56,857

-

-

-

CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in demand deposits, interest-bearing demand accounts, savings accounts, and insured money market accounts

-8,050

69,927

36,847

-

-

-

-

-

-

-

-

Net decrease in demand deposits, interest-bearing demand accounts, savings accounts, and insured money market accounts

-

-

-

78,021

166,045

46,407

67,566

86,541

55,243

13,959

90,109

Increase in time deposits

10,951

31,864

-25,744

-21,973

-45,764

-32,649

-27,085

-40,300

-43,578

-28,663

-18,809

Net decrease in securities sold under agreements to repurchase

0

-10,000

-17,606

-847

-1,199

-3,049

-9

-4,396

-18,236

-9,488

-9,149

Net change in FHLBNY overnight advances

0

57,700

-57,700

13,900

16,930

-30,830

0

-

-

-

-

Proceeds from FHLB overnight advances, net

-

-

-

-

-

-

-

0

-

-

-

Repayments of FHLBNY long term advances

0

2,000

7,093

10,110

107

5,933

1,983

16,119

-

-

-

Payments made on capital lease

219

213

205

186

103

561

0

0

-

-

-

Repayments of FHLB long term advances

-

-

-

-

-

-

-

-

-910

0

0

Purchase of treasury stock

-

-

-

-

-

-

93

636

501

425

156

Sale of treasury stock

585

643

582

438

438

0

71

258

217

153

229

Cash dividends paid

5,029

4,969

4,917

4,878

4,833

4,796

3,584

5,714

4,056

3,519

3,517

Net cash (used in) provided by financing activities

-

-

-

-

97,547

30,249

34,883

19,634

-

-

-

Net cash provided by (used in) financing activities

-1,762

27,552

39,564

26,565

-

-

-

-

-11,821

-27,984

58,706

Net increase (decrease) in cash and cash equivalents

-8,068

99,243

-43,433

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

47,977

-2,978

-22,446

11,368

-12,661

-7,717

-19,118

56,087

Supplemental disclosure of cash flow information:
Cash paid for:
Interest

6,254

3,989

3,130

3,838

-

-

-

-

-

-

-

Interest

-

-

-

-

3,630

3,744

4,163

5,643

6,782

8,560

11,472

Income Taxes

4,455

1,730

4,050

4,360

7,047

3,346

5,304

1,732

5,110

5,475

7,399

Supplemental disclosure of non-cash activity:
Transfer of loans to other real estate owned

517

267

1,940

412

100

3,074

103

618

533

554

427

Assets acquired through long term capital lease obligation

0

0

0

2,035

0

3,537

0

0

-

-

-

Repurchase of common stock in lieu of employee payroll taxes

185

112

61

22

33

0

0

-

-

-

-

Distribution of treasury stock for directors' compensation

13

218

11

3

3

3

11

-

-

-

-

Distribution of treasury stock for directors' compensation

356

301

269

262

271

273

217

-

-

-

-