CHEMUNG FINANCIAL CORP CHMG Cash Flow

Chemung financial corp (CHMG)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent
2,491	4,204	1,956	4,981	4,468	5,730	6,930	2,527	4,439	-2,159	3,654	2,956	2,979	2,954	2,745	1,621	2,707	2,129	2,451	2,577	2,276	4,481	-318	1,930	2,064	1,485	2,180	2,654	2,412	2,129	2,833	2,444	3,614	2,961	3,290	2,620	1,665
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of right-of-use assets
175	171	219	163	159	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
132	144	151	114	200	142	182	182	194	207	214	213	226	252	245	245	258	270	277	285	304	317	324	325	344	258	214	214	235	238	260	264	284	288	288	288	176
Provision for loan losses
3,050	261	4,441	150	1,093	-218	300	2,362	709	6,272	1,289	421	1,040	404	1,050	388	595	615	307	259	390	1,651	589	1,102	639	1,000	874	450	431	74	225	51	477	125	583	125	125
Loss on disposal of fixed assets
0	-299	-17	-9	-9	0	0	-3	-7	-14	16	-31	0	-	-	-	-	5	4	0	9	-21	0	14	-7	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization of fixed assets
757	737	752	807	816	775	809	927	889	883	874	986	960	920	911	1,260	1,114	997	985	1,038	1,024	1,096	957	922	886	1,003	720	764	749	758	689	757	740	731	679	745	704
Amortization of premiums on securities, net
-237	-271	-266	-282	-236	-394	-302	-303	-305	-352	-362	-379	-357	-406	-454	-433	-478	-461	-428	-465	-549	-590	-585	-609	-614	-587	-568	-587	-538	-483	-449	-479	-415	-433	-403	-361	-195
Gain (Loss) on Sales of Loans, Net
75	102	69	29	48	167	79	59	46	67	71	53	69	53	115	97	61	55	89	98	52	92	84	84	41	78	134	179	112	213	125	79	65	46	53	32	46
Proceeds from sales of loans held for sale
-	5,195	3,355	1,522	2,416	8,786	4,168	1,697	3,611	67	3,451	2,570	3,634	2,644	5,589	4,442	2,823	2,444	4,221	4,663	2,341	4,615	3,970	3,673	1,804	4,693	5,913	6,015	3,455	6,691	3,632	3,015	2,345	2,255	2,042	1,154	2,325
Loans originated and held for sale
2,630	4,965	3,975	1,459	2,524	7,406	5,120	2,132	3,213	-704	4,240	2,883	3,173	2,884	4,784	4,561	2,279	3,149	3,780	4,605	2,252	4,021	4,139	4,428	1,143	4,443	5,698	5,998	3,071	6,370	4,188	2,592	2,710	2,530	1,712	1,445	1,819
Net (gains) losses on trading assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	34	10	9	23	-37	2	10	18	2	18	12	16	14	-6	19	-1	10	4	13	-	-	-	8
Net gains on securities transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	75	0	908	81	-11	252	50	6,347	0	522	0	-	-	-	-	0	0	2	297	0	428	485	193
Gains (Losses) on Sales of Other Real Estate
-29	-12	-1	-3	-83	-29	123	-48	44	0	30	-9	17	27	10	-11	-5	-36	0	42	78	-24	4	-14	-30	-5	17	16	0	27	-67	1	-6	3	0	88	-1
Write-downs on other real estate owned
8	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity Securities, FV-NI, Gain (Loss)
-246	-25	-10	27	89	-161	2,141	26	-2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in fair value on equity investments
-246	-25	-10	27	89	-161	2,141	26	-2	-16	32	32	32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of trading assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	3	19	72	-	-	-	0
Purchase of equity investments
-	-	-	-	34	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in other assets and accrued interest receivable
9,322	-288	-483	1,569	1,147	-859	-699	1,723	2,486	309	-1,020	2,422	-2,290	2,448	-327	184	-2,107	2,650	-513	-7,093	25	7,104	2,147	-318	-1,354	2,902	-78	1,364	58	-1,789	625	-2,589	-2,329	12,891	915	-4,330	414
Decrease in prepaid FDIC Assessment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1,771	-199	-173	-186	-164	-207	-	-	-	-234
(Decrease) increase in accrued interest payable
-6	-27	12	35	47	56	61	-4	-29	-36	21	-9	-38	9	-12	6	-2	2	-11	-7	-12	-38	-15	0	-46	6	-66	16	-64	-10	-193	-19	-124	-22	-104	-79	-81
Purchase of equity investments
-	-	-	-	-	-	34	22	28	-	20	19	20	31	18	23	24	58	38	32	42	48	31	26	35	37	18	15	17	74	15	13	19	-	-	-	227
Expense related to restricted stock units for directors' deferred compensation plan
11	11	10	10	11	10	10	22	25	26	23	25	24	25	24	25	23	23	23	24	25	23	23	25	23	25	23	26	25	21	22	21	21	18	18	17	24
Expense related to employee stock compensation
101	0	0	0	100	0	0	0	89	0	0	0	200	0	0	0	210	0	0	0	93	0	0	0	117	0	0	0	112	0	0	0	80	0	0	0	55
Expense related to employee restricted stock awards
125	-	-	-	101	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36	25	20	26	60	18	16	28	15	6	8	6	6
Payments on operating leases
165	162	167	149	151	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in other liabilities
8,231	-259	890	1,152	1,550	-3,727	1,248	-584	2,409	-3,099	1,029	298	-1,892	2,725	1,909	2,039	-1,246	1,791	240	-10,390	-1,062	13,009	5,118	980	-4,021	9,005	-891	2,943	-1,654	1,408	-715	2,114	-2,218	2,474	12	-423	-1,831
Expense related to employee restricted stock awards
-	-	-	-	-	-	69	69	163	-	55	55	52	-	49	48	48	-	52	52	52	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bank Owned Life Insurance Income
119	15	17	16	15	16	17	17	16	18	17	18	17	18	19	18	18	19	19	19	18	19	20	20	19	21	21	21	21	22	21	21	21	22	22	22	21
Net cash provided by operating activities
-	4,597	8,436	6,128	7,244	7,667	9,552	3,573	6,980	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,838	7,883	3,200	-	2,489	9,214	5,140	-2,636	4,443	6,489	869
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	6,504	-	8,335	5,625	5,821	4,066	5,604	1,009	3,444	6,056	4,845	4,955	2,587	-	-	-	-	-	-	-	-	-	-	-	-
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sales of securities available for sale
-	-	-	-	-	0	0	-285	285	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales and calls of securities available for sale
-	-	-	-	-	-	-	-	-	-	545	1,075	0	-	20,708	0	15,422	15,788	3,716	48,568	5,751	7,128	5,845	44,765	5,000	7,616	0	34	10,500	20,499	1,002	16,787	52,579	21,000	11,085	6,485	50,170
Proceeds from maturities, calls, and principal paydowns on securities available for sale
-	-	-	-	-	-	16,800	13,408	9,078	-	10,638	15,335	9,289	32,214	22,359	26,757	7,545	19,064	11,991	8,381	9,165	4,785	6,165	8,245	5,027	7,842	5,084	10,745	20,375	7,945	6,780	7,735	6,881	7,591	9,054	6,149	8,404
Proceeds from maturities, calls, and principal paydowns on securities available for sale
8,882	47,167	1,168	-6,868	8,198	63,192	403	324	261	43,771	1,263	380	1,164	71	924	1,287	586	268	1,838	586	598	179	1,209	1,183	630	324	1,471	3,651	257	564	213	2,428	1,090	516	869	2,406	172
Proceeds from maturities and principal collected on securities held to maturity
114	-	-	-	1,074	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of securities available for sale
16,458	50,629	10,260	27,795	29,467	16,033	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of securities available for sale
-	-	-	-	-	-	-	-	-	-	0	35,647	5,659	-	47,236	460	0	-	-	-	-	5,312	15,674	1,752	875	104,113	38,161	4,657	27,103	16,167	0	26,334	37,942	31,494	14,916	11,574	69,419
Purchases of securities held to maturity
0	100	498	485	60	1,000	800	490	120	0	200	1,587	180	272	1,910	228	597	230	397	938	460	580	1,365	331	261	275	1,444	323	4,407	150	41	1,316	225	1,243	414	931	1,973
Purchase of FHLBNY and FRBNY stock
0	-	-	-	5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	917	-0	0	24	1	0	957	45	0
Redemption of FHLBNY and FRBNY stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,020	49	598	101	75	163	8	106	121
Purchase of FHLBNY and FRBNY stock
-	-	-	-	-	-	4,880	10,686	6,437	-	1,535	167	6	-	0	312	5,146	-	306	3,461	2,391	-	810	293	0	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of FHLBNY and FRBNY stock
-	-	-	-	-	-	7,558	7,967	9,124	-	1,802	0	450	-	0	0	5,764	-	1,008	2,736	3,778	-	1,178	45	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	0	9	-	0	0	7	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of premises and equipment
121	491	126	142	124	278	274	843	375	188	404	647	243	759	289	311	337	371	134	364	285	468	411	1,509	198	1,876	837	933	65	1,380	835	497	954	1,244	584	484	238
Proceeds from sale of other real estate owned
101	82	34	29	313	133	281	1,138	157	0	207	75	101	69	36	1,429	34	630	0	52	647	58	-14	49	249	18	49	88	0	501	161	97	34	-29	33	286	36
Proceeds from bank owned life insurance
213	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (increase) decrease in loans
11,537	3,700	18,473	-10,334	-12,550	-8,236	-13,496	18,879	8,572	25,569	36,936	18,756	34,327	-14,730	15,803	14,701	18,739	27,163	-8,156	6,957	22,192	8,507	33,396	60,991	28,958	26,928	33,942	12,656	27,955	18,758	19,910	52,750	5,695	8,355	214	11,892	-1,139
Net cash used in investing activities
-	-23,438	-12,831	11,079	-7,521	16,280	32,584	-8,346	3,401	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-69,925	-4,023	-28,295	-	-12,031	-53,771	15,842	-13,094	3,962	15,653	-11,585
Net cash (used in) provided by investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-29,411	-	-21,211	13,461	4,532	-53,824	-20,140	-35,304	-5,380	-3,897	-37,273	-10,589	-19,379	-	-	-	-	-	-	-	-	-	-	-	-
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in demand deposits, interest-bearing demand accounts, savings accounts, and insured money market accounts
30,880	-	-	-	-9,502	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in demand deposits, interest-bearing demand accounts, savings accounts, and insured money market accounts
-	-	-	-	-	-	98,281	-68,939	52,670	-	18,602	-11,403	91,400	-48,288	51,260	38,554	36,495	-3,020	85,984	-28,927	112,008	-31,573	16,832	26,891	34,257	9,103	36,504	-15,005	36,964	-26,183	40,627	17,859	54,238	-15,208	40,633	-2,259	32,078
Increase in time deposits
5,086	-8,648	-7,967	20,799	6,767	5,325	-1,193	29,648	-1,916	-7,820	-6,621	-7,811	-3,492	-4,313	-10,236	-4,886	-2,538	-7,126	-7,520	-7,226	-23,892	588	-14,261	-10,353	-8,623	-12,333	-3,027	-7,126	-4,599	-12,257	-11,130	-2,886	-14,025	-28,504	-12,389	-2,467	-217
Net decrease in securities sold under agreements to repurchase
-	-	-	-	-	-	-	-	-	0	-1,937	-3,278	-12,391	-2,396	1,224	-47	372	-1,905	-1,524	798	1,432	-1,329	235	100	-2,055	2,202	-68	-860	-1,283	-206	1,167	-3,248	-2,108	-4,346	-764	-10,261	-2,863
Net change in FHLBNY overnight advances
-	-	-	-	-	0	58,950	-58,950	57,700	-57,700	0	0	0	0	0	0	13,900	-13,900	15,600	-15,600	30,830	-30,830	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of FHLBNY long term advances
-	-	-	-	-	0	0	0	2,000	7,009	29	27	28	10,028	27	27	28	27	26	27	27	4,776	50	1,053	54	-	-	-	-	-	-	-	-	-	-	-	-
Payments made on capital lease
57	-	-	-	54	54	53	53	53	51	52	51	51	50	50	50	36	37	35	31	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of FHLB long term advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-55	-1,056	-68	-	-13,082	-2,099	-116	-592	-160	-157	0
Purchase of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	93	56	98	263	216	173	143	183	0
Sale of treasury stock
420	130	179	118	158	177	125	215	126	141	119	105	217	106	78	84	170	119	52	108	159	0	0	0	0	0	0	1	70	0	257	0	0	-	-	-	-
Cash dividends paid
1,263	1,260	1,259	1,256	1,254	1,250	1,249	1,237	1,233	1,230	1,232	1,230	1,225	1,222	1,223	1,219	1,214	1,210	1,210	1,209	1,204	1,201	1,200	1,201	1,194	1,195	1,195	1,194	0	2,286	1,142	1,143	1,141	1,142	1,141	891	881
Net cash (used in) provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	74,430	-	41,026	32,409	19,321	694	60,121	-20,914	57,646	-8,022	1,172	14,768	22,331	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-	-5,553	34,233	-26,557	-3,885	-7,887	36,961	8,584	-10,106	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	81,259	-25,240	30,991	-	16,598	8,218	36,629	-49,840	26,122	-16,220	28,116
Net increase (decrease) in cash and cash equivalents
-	-24,394	29,838	-9,350	-4,162	16,060	79,097	3,811	275	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-8,168	-61,139	51,523	-61,342	28,150	51,495	29,674	-49,064	45,585	-55,209	55,710	-5,863	-31,256	9,134	5,539	11,680	15,172	-21,380	5,896	-40,990	7,056	-36,339	57,612	-65,570	34,528	5,922	17,401
Supplemental disclosure of cash flow information:
Cash paid for:
Interest
1,328	1,603	1,654	1,546	1,451	1,339	996	856	798	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes
-	-	-	-	-	-	0	1,530	-175	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest
-	-	-	-	-	-	-	-	-	-	-	743	858	-	997	951	926	932	915	879	904	927	929	921	967	1,020	1,058	990	1,095	1,141	1,432	1,420	1,648	1,656	1,854	1,558	1,714
Income Taxes
-	-	-	-	-	-	-	-	-	0	0	4,050	0	1,680	850	1,830	0	1,385	1,011	3,105	1,546	1,500	600	1,178	68	994	1,719	2,423	168	1,728	0	2	0	1,770	1,135	1,895	309
Supplemental disclosure of non-cash activity:
Transfer of loans to other real estate owned
0	-	32	93	27	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of loans to other real estate owned
-	-	-	-	-	-	-	-	5	1,753	71	83	33	70	0	191	151	90	0	0	10	0	2,496	578	0	-	-	-	-	105	289	106	116	225	276	32	0
Repurchase of common stock in lieu of employee payroll taxes
0	172	0	13	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distribution of treasury stock for directors' compensation
350	0	0	-344	357	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distribution of treasury stock for directors' compensation
-	-	-	-	-	0	0	0	301	0	0	0	269	0	0	0	262	0	0	0	271	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets acquired through long term capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2,035	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-