CHEMUNG FINANCIAL CORP CHMG Income Statement

Chemung financial corp (CHMG)

Income statement / TTM

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	Sep'10	Jun'10
Interest and dividend income:
Loans, including fees
57,984	58,245	58,633	58,549	58,279	57,840	56,745	55,874	54,391	52,840	51,648	50,426	49,930	49,677	49,212	48,839	48,614	48,271	48,662	48,521	47,874	47,139	46,121	45,393	45,000	45,136	44,824	44,953	44,931	45,298	45,802	46,102	46,276	43,180	40,198	37,370	0	0	0
Taxable securities
5,557	5,265	4,876	4,727	4,710	4,804	5,067	5,236	5,370	5,503	5,485	5,341	5,224	5,239	5,411	5,423	5,306	4,958	4,644	4,529	4,629	5,043	5,160	5,041	4,763	4,391	4,321	4,625	5,001	5,357	5,681	5,879	6,111	5,874	5,902	6,107	0	0	0
Tax exempt securities
1,150	1,152	1,150	1,129	1,118	1,153	1,188	1,238	1,219	1,149	1,059	965	929	945	976	975	974	939	900	903	922	967	1,008	1,036	1,059	1,100	1,135	1,177	1,232	1,268	1,320	1,370	1,403	1,378	1,335	1,281	0	0	0
Interest-earning deposits
1,960	2,270	2,375	1,957	1,442	756	234	247	430	563	572	560	450	307	196	128	65	76	64	63	68	64	75	62	47	36	64	95	119	153	157	187	216	214	208	178	0	0	0
Interest and Dividend Income, Operating
66,651	66,932	67,034	66,362	65,549	64,553	63,234	62,595	61,410	60,055	58,764	57,292	56,533	56,168	55,795	55,365	54,959	54,244	54,270	54,016	53,493	53,213	52,364	51,532	50,869	50,663	50,346	50,852	51,284	52,076	52,961	53,540	54,008	50,647	47,645	44,937	0	0	0
Interest expense:
Deposits
5,998	6,173	5,990	5,219	4,283	3,323	2,503	2,190	2,131	2,168	2,195	2,211	2,201	2,170	2,132	2,071	2,024	2,003	1,971	1,982	2,007	2,043	2,110	2,170	2,248	2,350	2,484	2,673	2,892	3,181	3,445	3,823	4,169	4,284	4,661	4,975	0	0	0
Securities sold under agreements to repurchase
-	-	0	0	-	137	232	327	378	478	596	715	831	849	850	849	850	848	847	848	848	848	849	849	848	858	874	891	930	994	1,082	1,178	1,287	1,375	1,439	1,530	0	0	0
Borrowed funds
0	-	150	312	0	-	723	618	508	-	470	586	703	820	818	799	760	751	738	737	761	754	802	819	826	824	784	812	933	1,059	1,158	1,209	1,151	1,073	1,022	974	0	0	0
Interest Expense
6,145	6,321	6,140	5,531	4,802	4,073	3,458	3,135	3,017	3,068	3,261	3,512	3,735	3,839	3,800	3,719	3,634	3,602	3,556	3,567	3,616	3,645	3,761	3,838	3,922	4,032	4,143	4,376	4,756	5,234	5,686	6,210	6,608	6,732	7,123	7,480	0	0	0
Net interest income
60,506	60,611	60,894	60,831	60,747	60,480	59,776	59,460	58,393	56,987	55,503	53,780	52,798	52,329	51,995	51,646	51,325	50,642	50,714	50,449	49,877	49,568	48,603	47,694	46,947	46,631	46,202	46,475	46,527	46,842	47,275	47,329	47,400	43,915	40,522	37,457	0	0	0
Provision for loan losses
7,902	5,945	5,466	1,325	3,537	3,153	9,643	10,632	8,691	9,022	3,154	2,915	2,882	2,437	2,648	1,905	1,776	1,571	2,606	2,888	3,732	3,981	3,330	3,615	2,963	2,755	1,830	1,181	781	828	878	1,237	1,310	958	1,208	1,000	0	0	0
Net interest income after provision for loan losses
52,604	54,666	55,428	59,506	57,210	57,327	50,133	48,828	49,702	47,965	52,349	50,865	49,916	49,892	49,347	49,741	49,549	49,071	48,108	47,561	46,145	45,587	45,273	44,079	43,984	43,876	44,372	45,294	45,746	46,014	46,396	46,091	46,089	42,956	39,313	36,457	0	0	0
Non-interest income:
Net gains on security transactions
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity Securities, FV-NI, Gain (Loss)
-254	81	-55	2,096	2,095	2,004	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in fair value of equity investments
-254	81	-55	2,096	2,095	2,004	2,197	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial services revenue
-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
WMG fee income
-	-	-	-	-	-	-	-	-	-	-	-	8,413	-	8,316	8,411	8,408	8,522	8,378	8,199	7,990	7,747	7,711	7,581	7,477	7,344	7,104	6,959	6,801	6,827	6,748	6,827	6,869	6,709	7,314	7,552	0	0	0
Service charges on deposit accounts
-	-	-	-	-	-	-	-	-	-	-	-	5,138	-	5,030	4,944	4,883	4,886	4,955	5,061	5,187	5,281	5,292	5,133	4,969	4,706	4,474	4,363	4,218	4,241	4,244	4,264	4,290	4,281	4,287	4,284	0	0	0
Interchange revenue from debit card transactions
-	-	-	-	-	-	-	-	-	-	-	-	4,054	-	3,843	3,471	3,391	3,307	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gains on securities transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,064	978	1,230	372	6,638	6,649	6,919	6,869	522	523	0	-	0	0	-	301	0	0	0	-	-	-	0	0	0
Total impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net gain on securities transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-
Total impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Loss recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Net impairment loss recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Net gains on sales of loans held for sale
275	248	313	323	353	351	0	0	0	-	-	-	334	326	328	302	303	294	332	327	312	301	286	336	432	503	638	630	530	484	316	244	197	179	165	194	0	0	0
Casualty gains
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	790	790	780	0	-	0	0	-	-	-
Gains (Losses) on Sales of Other Real Estate
-45	-99	-116	8	-37	90	119	26	65	38	65	45	43	21	-42	-52	1	84	96	100	44	-64	-45	-32	-2	28	60	-24	-38	-45	0	0	0	-	-	-	-	-	-
Credit card merchant earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Gains on sales of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0
Casualty gains
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Income from bank-owned life insurance
167	63	64	64	65	66	68	68	69	70	70	72	72	73	74	74	75	75	76	77	77	78	79	80	82	84	85	85	86	87	87	88	88	88	88	87	0	0	0
Other
1,916	1,694	1,640	1,675	2,068	2,479	2,728	3,001	2,733	2,408	2,072	2,022	2,219	2,267	2,662	2,624	2,571	2,907	490	1,457	2,280	3,184	3,722	3,312	3,042	2,393	4,675	4,655	4,686	4,503	4,620	4,509	4,571	5,071	4,689	4,664	0	0	0
Total non-interest income
19,878	20,073	19,860	22,285	22,524	23,074	23,637	21,422	21,119	20,491	19,932	20,201	20,395	21,149	21,275	20,752	20,862	20,447	26,824	26,898	26,978	26,756	20,585	19,950	19,019	18,077	17,040	16,682	16,319	17,188	17,037	17,373	18,005	17,462	17,667	18,004	0	0	0
Non-interest expenses:
Salaries and wages
23,467	23,420	22,728	22,545	22,329	22,322	22,268	22,057	21,915	21,476	21,411	21,286	21,046	20,954	21,520	21,300	21,306	21,223	21,085	21,294	21,262	21,315	20,880	20,257	19,700	19,365	19,345	19,286	19,243	18,918	0	0	0	-	-	-	0	0	0
Salaries and wages
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-
Pension and other employee benefits
5,873	5,902	5,574	5,366	5,411	5,524	5,532	5,595	5,617	5,510	4,372	4,620	4,726	4,850	5,954	5,943	5,854	5,908	6,449	6,181	6,103	5,733	0	0	0	-	-	-	-	-	-	-	-	-	0	0	-	-	-
Other components of net periodic pension and postretirement benefits
-665	-541	31	-236	-503	-770	-1,459	-1,384	-1,309	-1,234	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pension and other employee benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	0	0	0
Net occupancy
5,924	5,969	6,097	6,344	6,509	6,550	6,401	6,206	6,265	6,263	6,334	6,361	6,537	6,837	6,985	7,183	7,062	7,006	7,233	7,253	7,155	7,098	6,658	6,252	5,932	5,501	5,330	5,284	5,231	5,164	5,202	5,163	5,136	5,015	4,728	4,583	0	0	0
Furniture and equipment
2,444	2,497	2,449	2,313	2,420	2,550	2,649	2,725	2,804	2,828	2,801	2,829	2,877	2,967	3,001	3,058	3,018	2,979	3,184	3,149	3,075	2,972	2,779	2,586	2,438	2,326	2,204	2,194	2,204	2,205	2,169	2,151	2,139	2,118	2,014	2,040	0	0	0
Data processing
7,573	7,386	7,127	7,091	6,982	6,997	6,969	6,854	6,677	6,539	6,393	6,350	6,483	6,593	6,780	6,907	6,739	6,586	6,874	6,611	6,473	6,393	5,700	5,404	5,118	4,750	4,573	4,352	4,455	4,421	4,315	4,319	4,132	3,915	3,703	3,559	0	0	0
Professional services
1,809	1,885	1,860	1,944	2,034	2,169	2,132	2,105	2,014	1,774	1,926	1,976	2,134	2,175	1,822	1,520	1,365	1,293	1,575	1,643	1,644	1,597	1,108	1,028	821	928	1,472	1,469	1,621	1,443	0	0	0	-	-	-	-	-	-
Legal accruals and settlements
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal accruals and settlements
-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
541	609	693	675	706	700	765	797	828	860	905	936	968	1,000	1,018	1,050	1,090	1,136	1,184	1,231	1,270	1,310	1,268	1,158	1,030	921	883	929	997	1,047	1,096	1,124	1,148	1,041	933	826	0	0	0
Marketing and advertising
988	932	1,009	990	1,100	1,181	1,030	1,031	894	794	809	697	904	877	833	940	886	899	913	960	1,021	1,079	1,131	1,173	1,038	1,033	934	907	1,066	1,068	1,162	1,199	1,114	1,037	0	0	0	-	-
Losses on sales of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5	19	0	0	0
Other real estate owned
113	115	181	255	315	422	397	318	229	110	64	101	147	180	575	613	780	812	480	423	244	247	210	263	245	194	179	259	320	328	304	188	121	104	198	270	0	0	0
FDIC insurance
522	537	737	1,010	1,090	1,142	1,171	1,220	1,228	1,236	1,244	1,256	1,224	1,193	1,127	1,080	1,083	1,075	1,145	1,139	1,133	1,116	1,054	989	918	866	817	816	797	807	845	934	941	967	1,024	1,049	0	0	0
Loan expense
901	787	805	896	890	863	862	765	747	694	654	651	673	669	628	678	665	693	774	831	802	811	791	739	785	779	791	797	750	788	0	0	0	-	-	-	-	-	-
Merger and acquisition related expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	115	1,300	1,502	1,473	1,387	223	0	0	-	0	-	-	2,255	2,243	2,223	0	0	0
Other
6,421	6,198	5,811	5,763	5,828	6,093	5,966	6,242	6,126	6,064	6,182	5,894	5,793	5,847	5,840	5,974	5,851	5,817	6,089	6,149	6,409	6,441	6,117	5,867	5,646	5,411	5,180	5,112	5,111	4,952	3,854	4,153	4,746	4,901	6,103	6,176	0	0	0
Total non-interest expenses
55,948	55,696	55,050	54,953	56,097	56,766	55,672	55,520	54,885	53,764	54,214	54,409	55,647	56,610	57,283	57,446	55,699	55,427	56,985	61,114	60,870	60,477	59,156	53,206	51,018	49,400	47,570	47,098	47,588	46,795	45,739	45,016	45,335	44,848	42,145	40,942	0	0	0
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
0	-	0	0	0	-	0	0	0	-	18,067	16,657	14,664	-	13,339	13,047	14,712	14,091	17,947	13,345	12,253	11,866	6,702	10,823	11,985	12,553	13,842	14,878	14,476	16,407	17,695	18,449	18,758	15,570	14,836	13,519	0	0	0
Income Tax Expense (Benefit)
2,902	3,434	3,103	4,729	3,982	4,009	6,361	6,269	7,046	7,262	5,524	5,023	4,365	4,404	4,137	4,139	4,848	4,658	6,161	4,329	3,884	3,709	1,542	3,165	3,602	3,822	4,466	4,848	4,657	5,385	5,840	6,137	6,271	5,033	4,709	4,179	0	0	0
Net income
13,632	15,609	17,135	22,109	19,655	19,626	11,737	8,461	8,890	7,430	12,543	11,634	10,299	10,027	9,202	8,908	9,864	9,433	11,786	9,016	8,369	8,157	5,160	7,658	8,383	8,731	9,375	10,030	9,819	11,022	11,854	12,311	12,487	10,537	10,126	9,339	0	0	0
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
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenue from contract with customer, including assessed tax
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenue from contract with customer, excluding assessed tax
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposit accounts
Revenue from contract with customer, including assessed tax
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenue from contract with customer, excluding assessed tax
4,346	4,460	4,561	4,564	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interchange revenue from debit card transactions
Revenue from contract with customer, including assessed tax
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenue from contract with customer, excluding assessed tax
3,998	4,104	4,095	4,033	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-