Chemung Canal Trust Company in Elmira, New York (NY), PA



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Chemung Canal Trust Company routing number info

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Chemung Canal Trust Company
GeneralFDIC 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
LocationAddress: 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 ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal 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)
Total employees (full-time equivalent)344
Total assets$1,213,554
Cash and due from depository institutions$52,902
Interest-bearing balances$23,947
Securities$288,515
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$787,651
Loan loss allowance $9,659
Trading account assets$0
Bank premises and fixed assets$24,749
Other real estate owned$898
Goodwill and other intangibles$28,320
All other assets$30,519
Life insurance assets$1,213,554
Total liabilities and capital$1,092,092
Total liabilities$1,000,403
Total deposits$741,203
Interest-bearing deposits$1,000,403
Deposits held in domestic offices$84
% insured (estimated)37107.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$43,344
Other borrowed funds $0
Subordinated debt $11,238
All other liabilities $121,462
Total equity capital$121,462
Total bank equity capital$121,462
Perpetual preferred stock$0
Common stock$6,472
Surplus$51,124
Undivided profits $63,866
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $395
Income earned, not collected on loans $24,641
Earning assets $5,974
Long-term assets (5+ years) $3,890
Average Assets, year-to-date $1,100,113
Average Assets, quarterly $449,334
Volatile liabilities $1,130,662
Insider loans $1,238,479
FHLB advances $834,965
Loans and leases held for sale $1,197,033
Unused loan commitments $2,625
Tier 1 (core) risk-based capital $2,625
Tier 2 risk-based capital $94,833
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $186,597
Derivatives$27,505
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $50,645
Total interest expense $6,806
Net interest income $43,839
Provision for loan and lease losses $958
Total noninterest income $14,843
Fiduciary activities $6,710
Service charges on deposit accounts $4,281
Trading account gains & fees $0
Additional noninterest income $3,852
Total noninterest expense $43,826
Salaries and employee benefits $22,195
Premises and equipment expense $7,033
Additional noninterest expense $14,598
Pre-tax net operating income $13,898
Securities gains (losses) $1,041
Applicable income taxes $4,860
Income before extraordinary items $10,079
Extraordinary gains - net $0
Net income attributable to bank $10,079
Net charge-offs $0
Cash dividends $10,079
Sale, conversion, retirement of capital stock, net $797
Net operating income $11,916
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.91%
Cost of funding earning assets 0.66%
Net interest margin 4.25%
Noninterest income to earning assets 1.44%
Noninterest expense to earning assets 4.25%
Net operating income to assets 0.83%
Return on assets (ROA) 0.89%
Pretax return on assets 1.32%
Return on equity (ROE) 9.09%
Retained earnings to average equity (YTD only) -1.66%
Net charge-offs to loans 0.11%
Credit loss provision to net charge-offs 120.20%
Efficiency ratio18.64%
Assets per employee$73,080
Cash dividends to net income (YTD only)3.53%
Condition Ratios (%)
Loss allowance to loans 118.23%
Loss allowance to noncurrent loans 1.21%
Noncurrent assets plus other real estate owned to assets 39.20%
Noncurrent loans to loans 2.10%
Net loans and leases to deposits3.09%
Net loans and leases to core deposits 78.73%
Equity capital to assets 82.85%
Core capital (leverage) ratio 10.01%
Tier 1 risk-based capital ratio 7.92%
Total risk-based capital ratio 11.36%
Memoranda
Average assets$13
Average earning assets$1,130,662
Average equity $110,903
Average loans $1,032,082
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$1,135,916
Number of Accounts1
Personal trust and agency accounts$938,672
Employee benefit-defined contribution accounts$304,702
Employee benefit-defined benefit accounts$126,276
Other retirement accounts$68,563
Corporate trust and agency accounts$93,187
Investment management agency accounts$0
Other fiduciary accounts$190,933
Fiduciary accounts held in foreign offices$155,011
Non-managed Assets$0
Number of Accounts1905
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$92,995
Employee benefit-defined benefit accounts$0
Other retirement accounts$197,244
Corporate trust and agency accounts$19,705
Other fiduciary accounts$7,039
Fiduciary accounts held in foreign offices$6,723
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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
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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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