Chemung financial corp (CHMG)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Interest and dividend income:
Loans, including fees

14,228

14,522

14,664

14,570

14,489

14,910

14,580

14,300

14,050

13,815

13,709

12,817

12,499

12,623

12,487

12,321

12,246

12,158

12,114

12,096

11,903

12,549

11,973

11,449

11,168

11,531

11,245

11,056

11,304

11,219

11,373

11,033

11,670

11,724

11,673

11,207

8,575

8,742

8,845

Taxable securities

1,487

1,440

1,349

1,281

1,195

1,051

1,200

1,264

1,289

1,314

1,369

1,398

1,422

1,296

1,225

1,281

1,437

1,468

1,237

1,164

1,089

1,154

1,122

1,264

1,503

1,271

1,003

986

1,131

1,201

1,306

1,362

1,486

1,526

1,504

1,594

1,248

1,555

1,709

Tax exempt securities

271

280

293

306

273

278

272

295

308

313

322

276

238

223

228

240

254

254

227

239

219

215

230

258

264

256

258

281

305

291

300

335

340

343

350

369

315

300

295

Interest-earning deposits

398

535

502

525

708

640

84

10

22

118

97

193

155

127

85

83

12

16

17

20

23

4

16

25

19

15

3

10

8

43

34

33

41

47

65

62

39

41

34

Interest and Dividend Income, Operating

16,384

16,777

16,808

16,682

16,665

16,879

16,136

15,869

15,669

15,560

15,497

14,684

14,314

14,269

14,025

13,925

13,949

13,896

13,595

13,519

13,234

13,922

13,341

12,996

12,954

13,073

12,509

12,333

12,748

12,756

13,015

12,764

13,539

13,642

13,593

13,233

10,179

10,639

10,885

Interest expense:
Deposits

1,286

1,539

1,629

1,544

1,461

1,356

858

608

501

536

545

549

538

563

561

539

507

525

500

492

486

493

511

517

522

560

571

595

624

694

759

814

912

958

1,138

1,160

1,027

1,335

1,452

Securities sold under agreements to repurchase

-

-

0

0

-

0

0

44

93

95

95

95

193

213

214

211

211

214

213

212

209

213

214

212

209

214

214

211

219

230

231

249

282

319

326

358

371

383

417

Borrowed funds

36

-

37

37

37

-

199

200

175

-

94

90

89

197

210

207

206

195

191

168

197

182

190

192

190

230

207

199

188

190

234

320

313

289

285

263

234

239

237

Interest Expense

1,322

1,576

1,666

1,581

1,498

1,395

1,057

852

769

780

734

734

820

973

985

957

924

934

904

872

892

888

915

921

921

1,004

992

1,005

1,031

1,115

1,224

1,384

1,508

1,567

1,749

1,782

1,632

1,958

2,106

Net interest income

15,062

15,201

15,142

15,101

15,167

15,484

15,079

15,017

14,900

14,780

14,763

13,950

13,494

13,296

13,040

12,968

13,025

12,962

12,691

12,647

12,342

13,034

12,426

12,075

12,033

12,069

11,517

11,328

11,717

11,640

11,790

11,380

12,031

12,074

11,843

11,451

8,546

8,681

8,778

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

1,650

589

1,103

639

999

874

451

431

74

225

51

477

125

583

125

125

375

375

Net interest income after provision for loan losses

12,012

14,940

10,701

14,951

14,074

15,702

14,779

12,655

14,191

8,508

13,474

13,529

12,454

12,892

11,990

12,580

12,430

12,347

12,384

12,388

11,952

11,384

11,837

10,972

11,394

11,070

10,643

10,877

11,286

11,566

11,565

11,328

11,553

11,949

11,260

11,326

8,421

8,306

8,403

Non-interest income:
Net gains on security transactions

-

-

0

19

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity Securities, FV-NI, Gain (Loss)

-246

-25

-10

27

89

-161

2,141

26

-2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in fair value of equity investments

-246

-25

-10

27

89

-161

2,141

26

-2

-

32

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financial services revenue

-

-

-

-

-

-

-

-

-

-

71

53

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

WMG fee income

-

-

-

-

-

-

-

-

-

-

-

-

2,109

-

2,027

2,201

2,012

2,076

2,122

2,198

2,126

1,932

1,943

1,989

1,883

1,896

1,813

1,885

1,750

1,656

1,667

1,726

1,775

1,578

1,746

1,768

1,615

2,183

1,984

Service charges on deposit accounts

-

-

-

-

-

-

-

-

-

-

-

-

1,184

-

1,361

1,285

1,135

1,249

1,275

1,224

1,138

1,318

1,381

1,350

1,232

1,329

1,222

1,186

969

1,097

1,110

1,040

991

1,101

1,130

1,066

983

1,106

1,128

Interchange revenue from debit card transactions

-

-

-

-

-

-

-

-

-

-

-

-

920

-

1,203

939

893

808

831

859

809

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gains on securities transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75

0

908

81

-11

252

50

6,347

0

522

0

-

0

1

-

0

0

2

297

-

-

-

193

0

451

Total impairment losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-56

-76

Net gain on securities transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

428

485

-

-

-

Total impairment losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-67

-

-

-

-

Loss recognized in other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Net impairment loss recognized in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-67

-

0

-56

-76

Net gains on sales of loans held for sale

75

102

69

29

48

167

79

59

46

-

-

-

69

53

115

97

61

55

89

98

52

93

84

83

41

78

134

179

112

213

125

79

65

46

53

32

46

32

82

Casualty gains

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

9

21

758

-

0

0

-

-

-

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

-

-

-

-

-

-

Credit card merchant earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

48

51

Gains on sales of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

88

-

0

33

Casualty gains

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Income from bank-owned life insurance

119

15

17

16

15

16

17

17

16

18

17

18

17

18

19

18

18

19

19

19

18

20

20

19

19

21

21

21

21

22

21

21

21

22

22

22

21

22

21

Other

667

517

367

365

445

463

402

758

856

712

675

490

531

376

625

687

579

771

587

634

915

-1,646

1,554

1,457

1,819

-1,108

1,144

1,187

1,170

1,174

1,123

1,217

986

1,292

1,012

1,279

1,486

909

988

Total non-interest income

4,730

5,106

4,956

5,086

4,925

4,893

7,381

5,325

5,475

5,456

5,166

5,022

4,847

4,897

5,435

5,216

5,601

5,023

4,912

5,326

5,186

11,400

4,986

5,406

4,964

5,229

4,351

4,475

4,022

4,192

3,992

4,112

4,890

4,042

4,328

4,744

4,347

4,247

4,665

Non-interest expenses:
Salaries and wages

5,768

6,045

5,874

5,780

5,721

5,353

5,691

5,564

5,714

5,299

5,480

5,422

5,275

5,234

5,355

5,182

5,183

5,800

5,135

5,188

5,100

5,662

5,344

5,156

5,153

5,227

4,721

4,599

4,818

5,207

4,661

4,556

4,492

-

-

-

-3,923

-3,768

-3,759

Salaries and wages

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,272

4,338

-

-

-

Pension and other employee benefits

1,516

1,414

1,470

1,473

1,545

1,086

1,262

1,518

1,658

1,094

1,325

1,540

1,551

-44

1,573

1,646

1,675

1,060

1,562

1,557

1,729

1,601

1,294

1,479

1,359

-

-

-

-

-

-

-

-

-

1,172

1,081

-

-

-

Other components of net periodic pension and postretirement benefits

-265

-118

-141

-141

-141

454

-408

-408

-408

-235

-333

-333

-333

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pension and other employee benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,372

1,365

1,424

-

1,381

1,466

1,289

-

-

-

1,043

809

984

Net occupancy

1,522

1,500

1,424

1,478

1,567

1,628

1,671

1,643

1,608

1,479

1,476

1,702

1,606

1,550

1,503

1,878

1,906

1,698

1,701

1,757

1,850

1,925

1,721

1,659

1,793

1,485

1,315

1,339

1,362

1,314

1,269

1,285

1,294

1,352

1,230

1,258

1,174

1,065

1,084

Furniture and equipment

475

657

717

595

528

609

581

702

658

708

657

781

682

681

685

829

772

715

742

789

733

920

707

715

630

727

514

567

518

605

503

577

518

569

486

565

497

465

513

Data processing

1,914

1,968

1,818

1,873

1,727

1,709

1,782

1,764

1,742

1,681

1,667

1,587

1,604

1,535

1,624

1,720

1,714

1,722

1,751

1,552

1,561

2,010

1,488

1,414

1,481

1,317

1,192

1,128

1,113

1,140

971

1,230

1,078

1,034

976

1,043

861

822

832

Professional services

329

667

395

418

405

642

479

508

540

605

452

417

300

757

502

575

341

404

200

420

269

686

268

421

222

197

188

214

329

741

185

366

150

-

-

-

-

-

-

Legal accruals and settlements

-

-

0

0

-

-

0

989

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Legal accruals and settlements

-

-

-

-

-

-

-

-

-

-

0

850

-

-

0

1,200

-

-

-

-

-

-

4,250

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

132

58

200

151

200

142

182

182

194

207

214

213

226

252

245

245

258

270

277

285

304

318

324

324

344

276

214

196

235

238

260

264

284

288

288

288

176

180

181

Marketing and advertising

324

288

231

145

268

365

212

255

349

214

213

118

249

229

101

325

222

185

208

271

235

199

255

332

293

251

297

197

288

152

270

355

289

246

307

270

212

-

-

Losses on sales of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1

-7

25

Other real estate owned

29

35

9

40

31

101

83

100

138

76

4

11

19

30

41

57

52

425

79

224

84

93

22

45

87

56

75

27

36

41

154

88

43

18

37

21

27

112

109

FDIC insurance

250

61

-10

221

265

261

263

301

317

290

312

309

325

298

324

277

294

232

277

280

286

302

271

274

269

240

206

203

217

191

205

183

226

229

294

189

252

287

320

Loan expense

310

230

171

190

196

248

262

184

169

247

165

166

116

207

162

188

112

166

212

175

140

247

269

146

149

227

217

192

143

239

223

144

180

-

-

-

-

-

-

Merger and acquisition related expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

29

86

1,185

202

0

0

-

21

-

-

11

20

1,187

1,036

0

0

Other

1,445

1,960

1,416

1,600

1,222

1,573

1,368

1,665

1,487

1,446

1,644

1,549

1,425

1,564

1,356

1,448

1,479

1,557

1,490

1,325

1,445

1,829

1,550

1,585

1,477

1,505

1,300

1,364

1,242

1,274

1,231

1,363

1,082

176

1,530

1,956

1,237

1,378

1,604

Total non-interest expenses

13,749

14,851

13,525

13,823

13,497

14,205

13,428

14,967

14,166

13,111

13,276

14,332

13,045

13,561

13,471

15,570

14,008

14,234

13,634

13,823

13,736

15,792

17,763

13,579

13,343

14,471

11,813

11,391

11,725

12,641

11,340

11,881

10,931

11,586

10,617

12,200

10,443

8,883

9,414

Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest

2,993

-

2,132

6,214

5,502

-

8,732

3,013

5,500

-

5,364

4,219

4,256

-

3,954

2,226

4,023

3,136

3,662

3,891

3,402

6,992

-940

2,799

3,015

1,828

3,181

3,961

3,583

3,117

4,217

3,559

5,513

4,405

4,971

3,869

2,325

3,670

3,653

Income Tax Expense (Benefit)

502

991

176

1,233

1,034

660

1,802

486

1,061

3,012

1,710

1,263

1,277

1,274

1,209

605

1,316

1,007

1,211

1,314

1,126

2,510

-621

869

951

343

1,002

1,306

1,171

987

1,383

1,115

1,898

1,443

1,680

1,249

660

1,119

1,150

Net income

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

4,482

-319

1,930

2,064

1,485

2,179

2,655

2,412

2,129

2,833

2,444

3,614

2,961

3,290

2,620

1,665

2,550

2,503

Weighted average shares outstanding (in shares)

4,895

4,879

4,871

4,866

4,860

4,844

4,834

4,828

4,822

4,811

4,802

4,797

4,790

4,773

4,765

4,760

4,750

4,730

4,722

4,717

4,707

4,690

4,684

4,681

4,677

4,666

4,660

4,658

4,655

-

-

-

-

-

4,637

4,631

-

-

-

Basic and diluted earnings per share (in dollars per share)

0.51

0.87

0.40

1.02

0.92

1.19

1.43

0.52

0.92

-0.45

0.76

0.62

0.62

0.62

0.58

0.34

0.57

0.45

0.52

0.55

0.48

0.96

-0.07

0.41

0.44

0.31

0.47

0.57

0.52

-

-

-

-

0.66

0.71

0.57

0.46

-

-

Weighted average shares outstanding (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,641

4,636

4,642

-

-

-

3,624

3,602

3,604

Basic and diluted earnings per share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.61

0.53

0.78

-

-

-

-

0.71

0.69

WMG fee income
Revenue from contract with customer, excluding assessed tax

2,229

-

-

-

2,276

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenue from contract with customer, including assessed tax

-

-

-

-

-

-

-

-

2,316

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenue from contract with customer, excluding assessed tax

-

-

2,315

2,524

-

-

2,406

2,373

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges on deposit accounts
Revenue from contract with customer, including assessed tax

-

-

-

-

-

-

-

-

1,164

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenue from contract with customer, excluding assessed tax

990

1,130

1,141

1,085

1,104

-

1,231

1,144

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interchange revenue from debit card transactions
Revenue from contract with customer, including assessed tax

-

-

-

-

-

-

-

-

1,035

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenue from contract with customer, excluding assessed tax

925

991

1,058

1,024

1,031

-

982

996

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-