CHEMUNG FINANCIAL CORP
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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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, 2026 · Filed Nov 5, 2026
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 Cash Flows
| CHEMUNG FINANCIAL CORPORATION AND SUBSIDIARIES | ||
|---|---|---|
| CONSOLIDATED STATEMENTS OF CASH FLOWS | ||
| (UNAUDITED) | ||
| (in thousands) | Nine Months Ended September 30, | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | 2026 | 2025 |
| Net income | $30,716 | $7,363 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Amortization of right-of-use assets | 684 | 503 |
| Provision (credit) for credit losses | (1,440) | 3,301 |
| (Gains) on disposal of fixed assets, net | — | (638) |
| Depreciation and amortization of fixed assets | 1,440 | 1,402 |
| Amortization of premiums on securities, net | 434 | 1,276 |
| (Gains) on sales of loans held for sale, net | (109) | (169) |
| Proceeds from sales of loans held for sale | 5,912 | 9,281 |
| Loans originated and held for sale | (6,159) | (12,187) |
| Losses on sales of other real estate owned, net | — | 8 |
| Change in fair value of equity investments, net | (160) | (197) |
| Losses on securities transactions, net | — | 17,498 |
| Write down of equity investments | 289 | — |
| Purchases of equity investments, net | (219) | (184) |
| Amortization of deferred costs on subordinated debt | 77 | 30 |
| Losses (gains) on interest rate swaps, net | (70) | 68 |
| Income from bank-owned life insurance | (21) | (24) |
| Decrease (increase) in accrued interest receivable | (723) | 587 |
| Decrease (increase) in other assets | (14) | 2,086 |
| Increase (decrease) in accrued interest payable | 880 | (1,504) |
| Increase (decrease) in other liabilities | (2,355) | 174 |
| Payments on operating leases | (669) | (505) |
| Expense related to restricted stock units for directors' deferred compensation plan | 18 | 17 |
| Expense related to employee restricted stock awards | 1,174 | 980 |
| Net cash provided by operating activities | 29,685 | 29,166 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Proceeds from sales, maturities, calls, and principal paydowns on securities available for sale | 20,511 | 267,211 |
| Proceeds from sales, maturities and principal collected on securities held to maturity | 80 | 128 |
| Purchases of securities available for sale | (4,936) | — |
| Purchases of securities held to maturity | (1,000) | — |
| Purchases of FHLBNY and FRBNY stock | (18,981) | (11,589) |
| Redemption of FHLBNY and FRBNY stock | 18,893 | 15,182 |
| Proceeds from sales of fixed assets | — | 1,323 |
| Purchases of premises and equipment | (1,121) | (1,088) |
| Proceeds from sale of other real estate owned | — | 347 |
| Proceeds from bank owned life insurance | 280 | — |
| (Increase) in loans, net | (128,954) | (131,981) |
| Net cash provided by (used in) investing activities | (115,228) | 139,533 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Increase in demand, interest-bearing demand, savings, and insured money market deposits | 138,324 | 100,710 |
| (Decrease) in time deposits | (23,749) | (139,077) |
| (Decrease) in FHLBNY overnight advances, net | (87,110) | (109,110) |
| Increase in FHLBNY term advances, net | 85,000 | — |
| Payments on finance leases | (271) | (249) |
| Proceeds from subordinated debt issuance | — | 45,000 |
| Payment of subordinated debt issuance costs | — | (1,028) |
| Purchase of treasury stock | (242) | (101) |
| Sale of treasury stock | 346 | 462 |
| Cash dividends paid | (5,013) | (4,695) |
| Net cash provided by (used in) financing activities | 107,285 | (108,088) |
| Increase in cash and cash equivalents, net | 21,742 | 60,611 |
| Cash and cash equivalents, beginning of period | 50,097 | 47,035 |
| Cash and cash equivalents, end of period | $71,839 | $107,646 |
CONSOLIDATED STATEMENTS OF CASH FLOWS, CONTINUED
| (in thousands) | Nine Months Ended September 30, | |
|---|---|---|
| Supplemental disclosure of cash flow information: | 2026 | 2025 |
| Cash paid for: | ||
| Interest | $29,787 | $36,807 |
| Income taxes | 9,440 | 3,823 |
| Supplemental disclosure of non-cash activity: | ||
| Transfer of loans to other real estate owned | 1,895 | — |
| Right-of-use assets obtained through operating lease liabilities | 1,578 | 80 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.