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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11112413232752730
Cash and cash equivalents10912213031742629
Short-term investments3221111
Disposal group, including discontinued operation      1
Total current assets:11112413232752730
Noncurrent Assets
Operating lease, right-of-use asset7 
Property, plant and equipment20222527292932
Long-term investments and receivables   3011
Long-term investments   3011
Intangible assets, net (including goodwill)22232324252627
Goodwill22222222222222
Intangible assets, net (excluding goodwill)0112345
Total noncurrent assets:49454854545660
Other undisclosed assets2,1191,6191,5751,6221,5281,5371,434
TOTAL ASSETS:2,2791,7881,7551,7081,6571,6201,525
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 liabilities2,0801,6051,5901,4881,4771,4211,311
Total liabilities:2,0801,6051,5901,5581,5131,4831,391
Stockholders' equity
Stockholders' equity attributable to parent200183165150144137134
Common stock0000000
Treasury stock, value(18)(12)(13)(14)(15)(16)(17)
Additional paid in capital47464646464645
Accumulated other comprehensive income (loss)2(6)(11)(10)(11)(11)(9)
Retained earnings168154143128124119114
Total stockholders' equity:200183165150144137134
TOTAL LIABILITIES AND EQUITY:2,2791,7881,7551,7081,6571,6201,525

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues69676578757273
Net investment income67676560565453
Financial services revenue18191720
Cost of revenue(4)(6)(0)(0)(0)(0)(4)
Provision for loan, lease, and other losses(4)(6)(0)
Financial services costs(0)(0)(0)(4)
Gross profit:64616578757169
Operating expenses(17)(18)(19)(18)(25)(24)(30)
Other operating income (expense), net(53)(54)(54)(51)23(50)
Noninterest income, other operating income3222237
Other expenses(56)(56)(57)(54)  (56)
Operating income (loss):(6)(10)(9)95251(11)
Nonoperating income1110000
Investment income, nonoperating      0
Gains (losses) on sales of other real estate(0)(0)0000(0)
Bank owned life insurance income0000000
Net periodic defined benefits expense (reversal of expense), excluding service cost component111
Interest and debt expense(4)(6)(4)(3)(4)(4)(4)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   9(34)(33)26
Income (loss) from continuing operations before equity method investments, income taxes:(9)(16)(12)15141412
Other undisclosed income from continuing operations before income taxes333536    
Income from continuing operations before income taxes:24192415141412
Income tax expense(5)(3)(4)(7)(4)(5)(4)
Net income available to common stockholders, diluted:19162071098

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:19162071098
Other comprehensive income (loss)118(1)3(3)(2)(9)
Comprehensive income (loss):3023181177(1)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3)(2)0(1)3  
Comprehensive income (loss), net of tax, attributable to parent:27211910107(1)

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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