Call reports 2008
CHEMUNG CANAL TRUST COMPANY — 2008
What CHEMUNG CANAL TRUST COMPANY reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 828,514,000 | 874,217,000 | 859,686,000 | 835,011,000 |
| Total loans | 556,705,000 | 572,354,000 | 572,945,000 | 565,265,000 |
| Allowance for loan losses | 8,442,000 | 8,468,000 | 8,744,000 | 9,105,000 |
| Securities available for sale | 156,127,000 | 202,072,000 | 195,309,000 | 190,547,000 |
| Securities held to maturity | 4,737,000 | 6,710,000 | 8,172,000 | 8,439,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 676,141,000 | 657,679,000 | 658,081,000 | 657,690,000 |
| Interest-bearing deposits | 522,325,000 | 497,394,000 | 504,250,000 | 499,694,000 |
| Noninterest-bearing deposits | 153,816,000 | 160,285,000 | 153,831,000 | 157,996,000 |
| Equity capital | 85,884,000 | 83,525,000 | 84,270,000 | 79,376,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 11,072,000 | 22,446,000 | 34,075,000 | 45,428,000 |
| Interest expense | 4,044,000 | 7,867,000 | 11,515,000 | 14,782,000 |
| Net interest income | 7,028,000 | 14,579,000 | 22,560,000 | 30,646,000 |
| Noninterest income | 3,959,000 | 8,179,000 | 12,260,000 | 16,707,000 |
| Noninterest expense | 8,244,000 | 16,422,000 | 24,406,000 | 33,378,000 |
| Provision for loan losses | 200,000 | 425,000 | 850,000 | 1,450,000 |
| Pretax income | 3,130,000 | 6,500,000 | 10,153,000 | 12,311,000 |
| Income tax | 1,051,000 | 2,149,000 | 3,391,000 | 4,069,000 |
| Net income | 2,079,000 | 4,351,000 | 6,762,000 | 8,242,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 65,754,000 | 67,560,000 | 69,105,000 | 70,092,000 |
| Total capital | 76,087,000 | 78,125,000 | 79,152,000 | 79,858,000 |
| Risk-weighted assets | 570,435,000 | 594,473,000 | 604,665,000 | 609,823,000 |