Chemung Canal Trust Company in Elmira, New York (NY), PA
Overview, Financial Summary, Detailed Financial Reports, Branches


Chemung Canal Trust Company - Overview

  • General
  • FDIC Certificate #: 597
    Status: Active
    Federal Reserve ID: 884303
    Bank Holding Company (Regulatory Top Holder): Chemung Financial Corporation (RSSDID: 1133594, Location: Elmira, NY)
    Date Established: October 22, 1833
    WWW: http://www.chemungcanal.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 28 (Domestic: 28, Interstate: Yes)
    OTS Docket #: 10696
    FDIC's unique #: 404
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 09, 2011
    Last Structure Change Process Date: June 07, 2011
    Last Data Update: June 07, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: One Chemung Canal Plaza, Elmira, NY 14902
    County: Chemung
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Syracuse
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Elmira, NY (#2335)
    Core Based Statistical Area (CBSA): Elmira, NY (#21300)
    CBSA Metro Statistical Area: Elmira, NY (#21300)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $1,213.6 mil
    Equity capital: $121.5 mil
    Deposits held in domestic offices: $1,000.4 mil
    Return on assets (ROA): 0.89% ($10.8 mil)
    Quarterly return on assets: 0.92% ($11.2 mil)
    Return on Equity (ROE): 9.09% ($11.0 mil)
    Quarterly return on equity: 9.24% ($11.2 mil)
    Net income: $10.1 mil
    Quarterly Net income: $2.8 mil
    Pretax return on assets: 1.32% ($16,018.9 mil)
    Quarterly Pretax return on assets: 1.37% ($16,625.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 344Total employees (full-time equivalent)
  • $1,213,554Total assets
  • $52,902Cash and due from depository institutions
  • $23,947Interest-bearing balances
  • $288,515Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $787,651Net loans & leases
  • $9,659Loan loss allowance
  • $0Trading account assets
  • $24,749Bank premises and fixed assets
  • $898Other real estate owned
  • $28,320Goodwill and other intangibles
  • $1,213,554Life insurance assets
  • $30,519All other assets
  • $1,092,092Total liabilities and capital
  • $1,000,403Total liabilities
  • $741,203Total deposits
  • $1,000,403Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 37107.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $43,344Trading liabilities
  • $0Other borrowed funds
  • $11,238Subordinated debt
  • $121,462All other liabilities
  • $121,462Total equity capital
  • $121,462Total bank equity capital
  • $0Perpetual preferred stock
  • $6,472Common stock
  • $51,124Surplus
  • $63,866Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $395Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $24,641Income earned, not collected on loans
  • $5,974Earning assets
  • $3,890Long-term assets (5+ years)
  • $1,100,113Average Assets, year-to-date
  • $449,334Average Assets, quarterly
  • $1,130,662Volatile liabilities
  • $1,238,479Insider loans
  • $834,965FHLB advances
  • $1,197,033Loans and leases held for sale
  • $2,625Unused loan commitments
  • $2,625Tier 1 (core) risk-based capital
  • $94,833Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $186,597Restructured Loans and leases
  • $27,505Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $50,645Total interest income
  • $6,806Total interest expense
  • $43,839Net interest income
  • $958Provision for loan and lease losses
  • $14,843Total noninterest income
  • $6,710Fiduciary activities
  • $4,281Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,852Additional noninterest income
  • $43,826Total noninterest expense
  • $22,195Salaries and employee benefits
  • $7,033Premises and equipment expense
  • $14,598Additional noninterest expense
  • $13,898Pre-tax net operating income
  • $1,041Securities gains (losses)
  • $4,860Applicable income taxes
  • $10,079Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,079Net income attributable to bank
  • $0Net charge-offs
  • $10,079Cash dividends
  • $797Sale, conversion, retirement of capital stock, net
  • $11,916Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.91%Yield on earning assets
  • 0.66%Cost of funding earning assets
  • 4.25%Net interest margin
  • 1.44%Noninterest income to earning assets
  • 4.25%Noninterest expense to earning assets
  • 0.83%Net operating income to assets
  • 0.89%Return on assets (ROA)
  • 1.32%Pretax return on assets
  • 9.09%Return on equity (ROE)
  • -1.66%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 120.20%Credit loss provision to net charge-offs
  • 18.64%Efficiency ratio
  • 73,080Assets per employee
  • 3.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 118.23%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 39.20%Noncurrent assets plus other real estate owned to assets
  • 2.10%Noncurrent loans to loans
  • 3.09%Net loans and leases to deposits
  • 78.73%Net loans and leases to core deposits
  • 82.85%Equity capital to assets
  • 10.01%Core capital (leverage) ratio
  • 7.92%Tier 1 risk-based capital ratio
  • 11.36%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $1,130,662Average earning assets
  • $110,903Average equity
  • $1,032,082Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,135,916Managed Assets
  • 1Number of Accounts
  • $938,672Personal trust and agency accounts
  • $304,702Employee benefit-defined contribution accounts
  • $126,276Employee benefit-defined benefit accounts
  • $68,563Other retirement accounts
  • $93,187Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $190,933Other fiduciary accounts
  • $155,011Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1905Number of Accounts
  • $0Personal trust and agency accounts
  • $92,995Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $197,244Other retirement accounts
  • $19,705Corporate trust and agency accounts
  • $7,039Other fiduciary accounts
  • $6,723Fiduciary accounts held in foreign offices

List of branches

  • 25 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0404Chemung Canal Trust CompanyOne Chemung Canal Plaza, Elmira, NY 14902October 22, 1833Full Service Brick and Mortar
    1182383Big Flats BranchCanal And Maple Streets, Big Flats, NY 14814August 03, 1964Full Service Brick and Mortar
    2182384West Side Branch628 West Church Street, Elmira, NY 14905June 04, 1951Full Service Brick and Mortar
    4182386Horseheads Branch602 South Main Street, Horseheads, NY 14845October 01, 1962Full Service Brick and Mortar
    5182387Arnot Road Office Branch29 Arnot Road, Horseheads, NY 14845November 14, 1967Full Service Brick and Mortar
    6182388Southport Branch951 Pennsylvania Avenue, Elmira, NY 14904August 03, 1970Full Service Brick and Mortar
    74751Montour Falls Branch303 West Main Street, Montour Falls, NY 14865January 01, 1914Full Service Brick and Mortar
    8182389Waverly Branch405 Chemung Street, Waverly, NY 14892October 21, 1974Full Service Brick and Mortar
    9182390Elmira Heights Branch100 West Mccann's Boulevard, Elmira Heights, NY 14903August 02, 1976Full Service Brick and Mortar
    10182391Corning BranchS Bridge Street & West Market St, Corning, NY 14830April 22, 1985Full Service Brick and Mortar
    11277490West Morris Street Branch410 West Morris Street, Bath, NY 14810January 01, 1884Full Service Brick and Mortar
    12277492North Hamilton Branch222 North Hamilton Street, Painted Post, NY 14870January 01, 1884Full Service Brick and Mortar
    13277496North Franklin Street Branch318 North Franklin Street, Watkins Glen, NY 14891January 01, 1884Full Service Brick and Mortar
    144771203 Main Street Branch203 Main Street, Owego, NY 13827June 01, 1883Full Service Brick and Mortar
    15451595Ithaca Station Branch806 West Buffalo Street, Ithaca, NY 14850May 22, 2006Full Service Brick and Mortar
    16453958Community Corners Branch903 Hanshaw Road, Ithaca, NY 14850June 30, 2006Full Service Brick and Mortar
    17478805Binghamton Branch127 Court Street, Binghamton, NY 13901September 13, 2007Full Service Brick and Mortar
    18213244Tioga Branch1054 State Route 17c, Owego, NY 13827May 19, 1958Full Service Brick and Mortar
    19358438Vestal Branch100 Rano Blvd, Vestal, NY 13850November 26, 1999Full Service Brick and Mortar
    20478930Oakdale Mall Branch601-635 Harry Lane Drive Suite 15, Johnson City, NY 13790March 15, 2008Full Service Brick and Mortar
    2456246Washington Avenue Branch1375 Washington Avenue, Albany, NY 12206December 14, 1995Full Service Brick and Mortar
    25442248Clifton Park Office Branch7 Southside Drive, Clifton Park, NY 12065June 15, 2005Full Service Brick and Mortar
    26465272Wolf Road Office145 Wolf Road, Albany, NY 12205May 30, 2007Full Service Brick and Mortar
    27474338Newton Plaza Branch594 Loudon Road, Latham, NY 12110October 31, 2007Full Service Brick and Mortar
    28510568Slingerlands Office Branch1365 New Scotland Rd, Slingerlands, NY 12159January 19, 2010Full Service Brick and Mortar
  • 3 Pennsylvania Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    214834Canton Branch5 West Main Street, Canton, PA 17724Febuary 16, 1881Full Service Brick and Mortar
    22419175Troy Branch410 Canton Street, Troy, PA 16947May 09, 2002Full Service Brick and Mortar
    23442492Towanda Branch304 Main Street, Towanda, PA 18848January 01, 2005Full Service Brick and Mortar

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