Call reports 2007
CHEMUNG CANAL TRUST COMPANY — 2007
What CHEMUNG CANAL TRUST COMPANY reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 746,933,000 | 778,418,000 | 788,514,000 | 786,013,000 |
| Total loans | 496,289,000 | 529,434,000 | 543,096,000 | 539,561,000 |
| Allowance for loan losses | 8,110,000 | 8,031,000 | 8,253,000 | 8,453,000 |
| Securities available for sale | 177,247,000 | 169,162,000 | 167,343,000 | 164,619,000 |
| Securities held to maturity | 6,876,000 | 6,462,000 | 4,816,000 | 4,480,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 602,548,000 | 597,738,000 | 602,817,000 | 573,429,000 |
| Interest-bearing deposits | 456,327,000 | 442,377,000 | 453,708,000 | 427,901,000 |
| Noninterest-bearing deposits | 146,221,000 | 155,361,000 | 149,109,000 | 145,528,000 |
| Equity capital | 79,095,000 | 80,578,000 | 83,106,000 | 84,446,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 10,391,000 | 21,206,000 | 32,515,000 | 43,865,000 |
| Interest expense | 4,283,000 | 8,714,000 | 13,416,000 | 17,968,000 |
| Net interest income | 6,108,000 | 12,492,000 | 19,099,000 | 25,897,000 |
| Noninterest income | 3,653,000 | 7,810,000 | 11,949,000 | 16,122,000 |
| Noninterest expense | 7,272,000 | 14,665,000 | 22,045,000 | 30,038,000 |
| Provision for loan losses | 125,000 | 600,000 | 850,000 | 1,255,000 |
| Pretax income | 2,364,000 | 5,047,000 | 8,163,000 | 10,736,000 |
| Income tax | 714,000 | 1,550,000 | 2,555,000 | 3,569,000 |
| Net income | 1,650,000 | 3,497,000 | 5,608,000 | 7,167,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 74,705,000 | 70,599,000 | 72,076,000 | 72,965,000 |
| Total capital | 84,783,000 | 81,542,000 | 83,227,000 | 83,579,000 |
| Risk-weighted assets | 518,662,000 | 545,367,000 | 554,150,000 | 550,324,000 |