Chemung Financial Corp (CHMG) financial statements (2021 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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments111150155144124146119
Cash and cash equivalents109150155144122146116
Short-term investments3   2 2
Total current assets:111150155144124146119
Noncurrent Assets
Finance lease, right-of-use asset 444   
Operating lease, right-of-use asset7788   
Property, plant and equipment20212122222324
Intangible assets, net (including goodwill)22222222232323
Goodwill22222222222222
Intangible assets, net (excluding goodwill)0001111
Total noncurrent assets:49545556454646
Other undisclosed assets2,1191,9611,8411,6411,6191,6021,588
TOTAL ASSETS:2,2792,1652,0511,8411,7881,7941,753
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,0801,9681,8561,6511,6051,6121,575
Total liabilities:2,0801,9681,8561,6511,6051,6121,575
Stockholders' equity
Stockholders' equity attributable to parent200197195190183182178
Common stock0000000
Treasury stock, value(18)(16)(14)(11)(12)(12)(12)
Additional paid in capital47474747464646
Accumulated other comprehensive income (loss)222(0)(6)(3)(6)
Retained earnings168164160155154151150
Total stockholders' equity:200197195190183182178
TOTAL LIABILITIES AND EQUITY:2,2792,1652,0511,8411,7881,7941,753

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues18171716171717
Net investment income17171616171717
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(0)(1)(0)(3)(6)(4)(0)
Gross profit:18171713111217
Operating expenses(4)(4)(4)(5)(5)(4)(4)
Other operating income (expense), net(55)01 (54)  
Noninterest income, other operating income 01 2  
Other expenses    (56)  
Operating income (loss):(42)13139(48)812
Nonoperating income0000000
Gains (losses) on sales of other real estate(0)0(0)(0)(0)(0)(0)
Bank owned life insurance income000 0  
Net periodic defined benefits expense (reversal of expense), excluding service cost component0000000
Interest and debt expense(1)(1)(1)(1)(2)(2)(2)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes16(5)(5)(5)19(5)(5)
Income (loss) from continuing operations before equity method investments, income taxes:(27)773(30)26
Other undisclosed income from continuing operations before income taxes33   35  
Income from continuing operations before income taxes:7773526
Income tax expense(1)(1)(1)(1)(1)(0)(1)
Net income available to common stockholders, diluted:5662425

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:5662425
Other comprehensive income (loss)1(1)30(3)44
Comprehensive income:6593169
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)0(1)61(1)(1)
Comprehensive income, net of tax, attributable to parent:6588258

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.

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