Chemung Financial Corp (CHMG) financial statements (2022 and earlier)

Company profile

Business Address ONE CHEMUNG CANAL PLZ
ELMIRA, NY 14902
State of Incorp. NY
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments27111124132327527
Cash and cash equivalents27109122130317426
Short-term investments 322111
Total current assets:27111124132327527
Noncurrent Assets
Operating lease, right-of-use asset77 
Property, plant and equipment18202225272929
Long-term investments and receivables    301
Long-term investments    301
Intangible assets, net (including goodwill)22222323242526
Goodwill22222222222222
Intangible assets, net (excluding goodwill)0011234
Total noncurrent assets:47494548545456
Other undisclosed assets2,3442,1191,6191,5751,6221,5281,537
TOTAL ASSETS:2,4182,2791,7881,7551,7081,6571,620
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    682842
Total current liabilities:    682842
Noncurrent Liabilities
Long-term debt and lease obligation    2919
Long-term debt, excluding current maturities    2919
Total noncurrent liabilities:    2919
Other undisclosed liabilities2,2072,0801,6051,5901,4881,4771,421
Total liabilities:2,2072,0801,6051,5901,5581,5131,483
Stockholders' equity
Stockholders' equity attributable to parent211200183165150144137
Common stock0000000
Treasury stock, value(18)(18)(12)(13)(14)(15)(16)
Additional paid in capital47474646464646
Accumulated other comprehensive income (loss)(7)2(6)(11)(10)(11)(11)
Retained earnings189168154143128124119
Total stockholders' equity:211200183165150144137
TOTAL LIABILITIES AND EQUITY:2,4182,2791,7881,7551,7081,6571,620

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues70696765787572
Net investment income69676765605654
Financial services revenue181917
Cost of revenue(0)(4)(6)(0)(0)(0)(0)
Provision for loan, lease, and other losses(0)(4)(6)(0)
Financial services costs(0)(0)(0)
Gross profit:70646165787571
Operating expenses(18)(17)(18)(19)(18)(25)(24)
Other operating income (expense), net(52)(53)(54)(54)(51)23
Noninterest income, other operating income3322223
Other expenses(56)(56)(56)(57)(54)  
Operating income (loss):(1)(6)(10)(9)95251
Nonoperating income2111000
Gains (losses) on sales of other real estate(0)(0)(0)0000
Bank owned life insurance income0000000
Net periodic defined benefits expense (reversal of expense), excluding service cost component2111
Interest and debt expense(3)(4)(6)(4)(3)(4)(4)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    9(34)(33)
Income (loss) from continuing operations before equity method investments, income taxes:(2)(9)(16)(12)151414
Other undisclosed income from continuing operations before income taxes36333536   
Income from continuing operations before income taxes:34241924151414
Income tax expense(7)(5)(3)(4)(7)(4)(5)
Net income available to common stockholders, diluted:261916207109

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:261916207109
Other comprehensive income (loss)(13)118(1)3(3)(2)
Comprehensive income:133023181177
Other undisclosed comprehensive income (loss), net of tax, attributable to parent4(3)(2)0(1)3 
Comprehensive income, net of tax, attributable to parent:1727211910107

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: