CHEMUNG FINANCIAL CORP
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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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.
Sep 30, 2025 · Filed Nov 6, 2025
CHMG$86.290.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (in thousands, except per share data) | 2025 | 2024 | 2025 | 2024 |
| Interest and dividend income: | ||||
| Loans, including fees | $31,033 | $28,611 | $88,567 | $83,323 |
| Taxable securities | 1,653 | 3,060 | 7,206 | 9,868 |
| Tax exempt securities | 80 | 250 | 545 | 762 |
| Interest-earning deposits | 1,118 | 441 | 2,298 | 1,014 |
| Total interest and dividend income | 33,884 | 32,362 | 98,616 | 94,967 |
| Interest expense: | ||||
| Deposits | 10,171 | 13,005 | 32,403 | 37,861 |
| Borrowed funds | 1,025 | 969 | 2,900 | 2,868 |
| Total interest expense | 11,196 | 13,974 | 35,303 | 40,729 |
| Net interest income | 22,688 | 18,388 | 63,313 | 54,238 |
| Provision (credit) for credit losses | 1,064 | 564 | 3,301 | (597) |
| Net interest income after provision for credit losses | 21,624 | 17,824 | 60,012 | 54,835 |
| Non-interest income: | ||||
| WMG fee income | 2,967 | 2,991 | 8,827 | 8,554 |
| Service charges on deposit accounts | 1,094 | 1,016 | 3,328 | 2,929 |
| Interchange revenue from debit card transactions | 1,073 | 1,123 | 3,220 | 3,327 |
| Net (losses) on securities transactions | — | — | (17,498) | — |
| Changes in fair value of equity investments | 136 | 118 | 197 | 233 |
| Net gains on sales of loans held for sale | 78 | 91 | 169 | 162 |
| Net gains (losses) on sales of other real estate owned | — | (19) | (8) | (22) |
| Income from bank-owned life insurance | 8 | 10 | 24 | 29 |
| Other | 732 | 589 | 3,013 | 1,962 |
| Total non-interest income | 6,088 | 5,919 | 1,272 | 17,174 |
| Non-interest expense: | ||||
| Salaries and wages | 7,925 | 7,168 | 22,713 | 21,007 |
| Pension and other employee benefits | 2,298 | 1,627 | 6,332 | 5,787 |
| Other components of net periodic pension and postretirement benefits | (113) | (227) | (339) | (691) |
| Net occupancy | 1,371 | 1,422 | 4,335 | 4,360 |
| Furniture and equipment | 399 | 402 | 1,227 | 1,197 |
| Data processing | 2,534 | 2,567 | 7,631 | 7,437 |
| Professional services | 636 | 522 | 2,079 | 1,639 |
| Marketing and advertising | 203 | 210 | 893 | 943 |
| Other real estate owned | 8 | 55 | 22 | 116 |
| FDIC insurance | 352 | 524 | 1,225 | 1,617 |
| Loan expense | 262 | 353 | 836 | 808 |
| Other | 1,770 | 1,887 | 5,387 | 5,207 |
| Total non-interest expense | 17,645 | 16,510 | 52,341 | 49,427 |
| Income before income tax expense | 10,067 | 7,233 | 8,943 | 22,582 |
| Income tax expense | 2,275 | 1,513 | 1,580 | 4,825 |
| Net income | $7,792 | $5,720 | $7,363 | $17,757 |
| Weighted average shares outstanding | 4,811 | 4,773 | 4,802 | 4,769 |
| Basic and diluted earnings per share | $1.62 | $1.19 | $1.53 | $3.72 |
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