Call reports 2023
CHEMUNG CANAL TRUST COMPANY — 2023
What CHEMUNG CANAL TRUST COMPANY reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 2,649,923,000 | 2,670,180,000 | 2,704,760,000 | 2,708,426,000 |
| Total loans | 1,873,700,000 | 1,894,691,000 | 1,930,688,000 | 1,972,664,000 |
| Allowance for loan losses | 20,075,000 | 20,172,000 | 20,252,000 | 22,517,000 |
| Securities available for sale | 624,230,000 | 601,961,000 | 567,783,000 | 583,993,000 |
| Securities held to maturity | 952,000 | 824,000 | 824,000 | 785,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,336,601,000 | 2,394,590,000 | 2,479,398,000 | 2,437,037,000 |
| Interest-bearing deposits | 1,645,978,000 | 1,722,914,000 | 1,795,936,000 | 1,783,800,000 |
| Noninterest-bearing deposits | 690,623,000 | 671,676,000 | 683,462,000 | 653,237,000 |
| Equity capital | 167,984,000 | 167,547,000 | 159,984,000 | 185,159,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 26,202,000 | 53,960,000 | 82,938,000 | 112,947,000 |
| Interest expense | 6,283,000 | 15,486,000 | 26,485,000 | 38,621,000 |
| Net interest income | 19,919,000 | 38,474,000 | 56,453,000 | 74,326,000 |
| Noninterest income | 5,139,000 | 10,358,000 | 17,965,000 | 23,340,000 |
| Noninterest expense | 15,974,000 | 31,896,000 | 47,335,000 | 63,912,000 |
| Provision for loan losses | 311,000 | 553,000 | 989,000 | 3,425,000 |
| Pretax income | 8,885,000 | 16,573,000 | 26,189,000 | 30,721,000 |
| Income tax | 2,010,000 | 3,683,000 | 5,752,000 | 6,599,000 |
| Net income | 6,875,000 | 12,890,000 | 20,437,000 | 24,122,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 215,608,000 | 220,447,000 | 226,826,000 | 229,348,000 |
| Total capital | 236,731,000 | 241,661,000 | 248,132,000 | 252,783,000 |
| Risk-weighted assets | 1,918,434,000 | 1,940,604,000 | 1,983,291,000 | 1,980,480,000 |