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 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: | 2025 | 2024 |
| Net income | $7,363 | $17,757 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| (Increases in) amortization of right-of-use assets | 503 | 11 |
| Provision (credit) for credit losses | 3,301 | (597) |
| Gain on disposal of fixed assets, net | (638) | (40) |
| Depreciation and amortization of fixed assets | 1,402 | 1,359 |
| Amortization of premiums on securities, net | 1,276 | 1,789 |
| (Gains) on sales of loans held for sale, net | (169) | (162) |
| Proceeds from sales of loans held for sale | 9,281 | 3,957 |
| Loans originated and held for sale | (12,187) | (3,795) |
| Losses on sale of other real estate owned, net | 8 | 22 |
| Fair value adjustment on other real estate owned | — | 13 |
| Change in fair value of equity investments, net | (197) | (233) |
| Losses on securities transactions, net | 17,498 | — |
| Proceeds from sales of equity investments | 88 | 134 |
| Purchase of equity investments | (272) | (99) |
| Amortization of deferred costs on subordinated debt | 30 | — |
| Decrease (increase) in other assets and accrued interest receivable | 2,673 | (952) |
| (Decrease) increase in accrued interest payable | (1,504) | 3,429 |
| Expense related to restricted stock units for directors' deferred compensation plan | 17 | 15 |
| Expense related to employee restricted stock awards | 980 | 922 |
| Increases in (payments on) operating lease liabilities | (505) | (7) |
| (Gains) losses on interest rate swaps, net | 68 | (13) |
| Increase in other liabilities | 174 | 99 |
| Income from bank owned life insurance | (24) | (29) |
| Net cash provided by operating activities | 29,166 | 23,580 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Proceeds from sales of securities available for sale | 227,305 | — |
| Proceeds from maturities, calls, and principal paydowns on securities available for sale | 39,906 | 42,348 |
| Proceeds from maturities and principal collected on securities held to maturity | 128 | 128 |
| Purchases of FHLBNY and FRBNY stock | (11,589) | (16,848) |
| Redemption of FHLBNY and FRBNY stock | 15,182 | 18,157 |
| Proceeds from sales of fixed assets | 1,323 | 44 |
| Purchases of premises and equipment | (1,088) | (1,707) |
| Proceeds from sale of other real estate owned | 347 | 359 |
| Net increase in loans | (131,981) | (57,321) |
| Net cash provided by (used in) investing activities | 139,533 | (14,840) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Net increase in demand, interest-bearing demand, savings, and insured money market deposits | 100,710 | 22,128 |
| Net (decrease) in time deposits | (139,077) | (434) |
| Net increase (decrease) in FHLBNY advances | (109,110) | 18,080 |
| Increases in (payments on) finance leases | (249) | 707 |
| Proceeds from subordinated debt issuance | 45,000 | — |
| Payment of subordinated debt issuance costs | (1,028) | — |
| Purchase of treasury stock | (101) | (92) |
| Sale of treasury stock | 462 | 354 |
| Cash dividends paid | (4,695) | (5,890) |
| Net cash (used in) provided by financing activities | (108,088) | 34,853 |
| Net increase in cash and cash equivalents | 60,611 | 43,593 |
| Cash and cash equivalents, beginning of period | 47,035 | 36,847 |
| Cash and cash equivalents, end of period | $107,646 | $80,440 |
CONSOLIDATED STATEMENTS OF CASH FLOWS, CONTINUED
| (in thousands) | Nine Months Ended September 30, | |
|---|---|---|
| Supplemental disclosure of cash flow information: | 2025 | 2024 |
| Cash paid for: | ||
| Interest | $36,807 | $37,300 |
| Income taxes | 3,823 | 4,659 |
| Supplemental disclosure of non-cash activity: | ||
| Transfer of loans to other real estate owned | — | 552 |
| Transfer of fixed assets to held for sale | — | 671 |
| Right-of-use assets obtained through finance lease liabilities | — | 935 |
| Right-of-use assets obtained through operating lease liabilities | 80 | 570 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.