Chemung Financial Corp (CHMG) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1461323275273052
Cash and cash equivalents1461303174262952
Short-term investments 21111 
Disposal group, including discontinued operation     1 
Total current assets:1461323275273052
Noncurrent Assets
Property, plant and equipment23252729293230
Long-term investments and receivables  30111
Long-term investments  30111
Intangible assets, net (including goodwill)23232425262728
Goodwill22222222222222
Intangible assets, net (excluding goodwill)1123456
Total noncurrent assets:46485454566059
Other undisclosed assets1,6021,5751,6221,5281,5371,4341,365
TOTAL ASSETS:1,7941,7551,7081,6571,6201,5251,476
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  68284260 
Total current liabilities:  68284260 
Noncurrent Liabilities
Long-term debt and lease obligation  291919 
Long-term debt, excluding current maturities  291919 
Total noncurrent liabilities:  291919 
Other undisclosed liabilities1,6121,5901,4881,4771,4211,3111,338
Total liabilities:1,6121,5901,5581,5131,4831,3911,338
Stockholders' equity
Stockholders' equity attributable to parent182165150144137134139
Common stock0000000
Treasury stock, value(12)(13)(14)(15)(16)(17)(18)
Additional paid in capital46464646464545
Accumulated other comprehensive income (loss)(3)(11)(10)(11)(11)(9)0
Retained earnings151143128124119114111
Total stockholders' equity:182165150144137134139
TOTAL LIABILITIES AND EQUITY:1,7941,7551,7081,6571,6201,5251,476

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues676578757273 
Net investment income506560565453 
Financial services revenue18191720 
Cost of revenue(2)(0)(0)(0)(0)(4)(6)
Cost of goods and services sold      (3)
Provision for loan, lease, and other losses(6)(0)
Financial services costs(0)(0)(0)(4)(3)
Gross profit:656578757169(6)
Operating expenses(18)(19)(18)(25)(24)(30)(4)
Other operating income (expense), net(56)(54)(51)23(50)5
Noninterest income, other operating income1222375
Other expenses(57)(57)(54)  (56) 
Operating income (loss):(8)(9)95251(11)(5)
Nonoperating income1100000
Investment income, nonoperating     00
Gains (losses) on sales of other real estate(0)0000(0)0
Bank owned life insurance income0000000
Net periodic defined benefits expense (reversal of expense), excluding service cost component01
Interest and debt expense(6)(4)(3)(4)(4)(4)(4)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(2) 9(34)(33)2622
Income (loss) from continuing operations before equity method investments, income taxes:(15)(12)1514141213
Other undisclosed income from continuing operations before income taxes3636     
Income from continuing operations before income taxes:20241514141213
Income tax expense(3)(4)(7)(4)(5)(4)(4)
Net income available to common stockholders, diluted:1720710989

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1720710989
Other comprehensive income (loss)13(1)3(3)(2)(9)3
Comprehensive income (loss):30181177(1)12
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)0(1)3   
Comprehensive income (loss), net of tax, attributable to parent:291910107(1)12

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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