CHEMUNG FINANCIAL CORP
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
CHMG$86.290.0%Stored close · as of Nov 10, 2026
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Consolidated Statements of Comprehensive Income
| Three Months Ended March 31, | ||
|---|---|---|
| (in thousands) | 2024 | 2023 |
| Net income | $7,050 | $7,270 |
| Other comprehensive income (loss): | ||
| Unrealized holding gains (losses) on securities available for sale | (5,513) | 7,825 |
| Tax effect | (1,443) | 2,050 |
| Net of tax amount | (4,070) | 5,775 |
| Change in funded status of defined benefit pension plan and other benefit plans: | ||
| Reclassification adjustment for amortization of net actuarial loss | 7 | 12 |
| Total before tax effect | 7 | 12 |
| Tax effect | 2 | 3 |
| Net of tax amount | 5 | 9 |
| Total other comprehensive income (loss) | (4,065) | 5,784 |
| Comprehensive income | $2,985 | $13,054 |
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