Call reports 2024
CHEMUNG CANAL TRUST COMPANY — 2024
What CHEMUNG CANAL TRUST COMPANY reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 2,784,031,000 | 2,753,767,000 | 2,774,691,000 | 2,775,430,000 |
| Total loans | 2,003,706,000 | 2,011,853,000 | 2,028,954,000 | 2,071,420,000 |
| Allowance for loan losses | 20,471,000 | 21,031,000 | 21,441,000 | 21,388,000 |
| Securities available for sale | 566,028,000 | 550,927,000 | 554,575,000 | 531,442,000 |
| Securities held to maturity | 785,000 | 657,000 | 657,000 | 808,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,488,372,000 | 2,421,997,000 | 2,456,740,000 | 2,400,921,000 |
| Interest-bearing deposits | 1,831,920,000 | 1,802,763,000 | 1,838,190,000 | 1,775,088,000 |
| Noninterest-bearing deposits | 656,452,000 | 619,234,000 | 618,550,000 | 625,833,000 |
| Equity capital | 188,486,000 | 194,029,000 | 214,843,000 | 209,709,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 31,211,000 | 62,587,000 | 94,941,000 | 127,533,000 |
| Interest expense | 13,132,000 | 26,758,000 | 40,733,000 | 53,511,000 |
| Net interest income | 18,079,000 | 35,829,000 | 54,208,000 | 74,022,000 |
| Noninterest income | 5,322,000 | 10,585,000 | 16,056,000 | 21,853,000 |
| Noninterest expense | 16,427,000 | 32,204,000 | 48,381,000 | 65,821,000 |
| Provision for loan losses | -1,865,000 | -999,000 | -510,000 | 31,000 |
| Pretax income | 9,131,000 | 15,512,000 | 22,740,000 | 30,302,000 |
| Income tax | 2,052,000 | 3,367,000 | 4,871,000 | 6,485,000 |
| Net income | 7,079,000 | 12,145,000 | 17,869,000 | 23,817,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 236,739,000 | 242,116,000 | 248,153,000 | 252,950,000 |
| Total capital | 257,952,000 | 263,902,000 | 270,426,000 | 275,179,000 |
| Risk-weighted assets | 2,022,027,000 | 2,029,094,000 | 2,073,828,000 | 2,101,716,000 |