Call reports 2020
CHEMUNG CANAL TRUST COMPANY — 2020
What CHEMUNG CANAL TRUST COMPANY reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 1,836,690,000 | 2,045,411,000 | 2,160,200,000 | 2,274,470,000 |
| Total loans | 1,321,263,000 | 1,499,489,000 | 1,540,552,000 | 1,536,634,000 |
| Allowance for loan losses | 26,233,000 | 24,130,000 | 24,590,000 | 20,924,000 |
| Securities available for sale | 299,075,000 | 317,061,000 | 396,301,000 | 554,611,000 |
| Securities held to maturity | 931,000 | 754,000 | 409,000 | 326,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,612,245,000 | 1,812,745,000 | 1,926,741,000 | 2,040,900,000 |
| Interest-bearing deposits | 1,142,699,000 | 1,195,966,000 | 1,307,306,000 | 1,420,465,000 |
| Noninterest-bearing deposits | 469,546,000 | 616,779,000 | 619,435,000 | 620,435,000 |
| Equity capital | 182,263,000 | 188,804,000 | 190,682,000 | 192,364,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 16,367,000 | 32,825,000 | 49,528,000 | 66,849,000 |
| Interest expense | 1,324,000 | 2,207,000 | 3,051,000 | 3,993,000 |
| Net interest income | 15,043,000 | 30,618,000 | 46,477,000 | 62,856,000 |
| Noninterest income | 4,748,000 | 9,530,000 | 14,679,000 | 20,043,000 |
| Noninterest expense | 13,816,000 | 27,076,000 | 40,512,000 | 55,863,000 |
| Provision for loan losses | 3,050,000 | 3,309,000 | 3,989,000 | 4,239,000 |
| Pretax income | 2,758,000 | 9,740,000 | 16,704,000 | 22,936,000 |
| Income tax | 550,000 | 1,947,000 | 3,435,000 | 4,776,000 |
| Net income | 2,208,000 | 7,793,000 | 13,269,000 | 18,160,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 159,911,000 | 164,348,000 | 166,846,000 | 167,881,000 |
| Total capital | 176,864,000 | 180,894,000 | 183,945,000 | 185,606,000 |
| Risk-weighted assets | 1,346,968,000 | 1,316,140,000 | 1,360,404,000 | 1,414,776,000 |