XML 72 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Interest and Dividend Income:      
Loans, including fees $ 47,139us-gaap_InterestAndFeeIncomeLoansAndLeases $ 45,136us-gaap_InterestAndFeeIncomeLoansAndLeases $ 45,298us-gaap_InterestAndFeeIncomeLoansAndLeases
Taxable securities 5,043us-gaap_InterestIncomeSecuritiesTaxable 4,391us-gaap_InterestIncomeSecuritiesTaxable 5,357us-gaap_InterestIncomeSecuritiesTaxable
Tax exempt securities 967us-gaap_InterestIncomeSecuritiesTaxExempt 1,100us-gaap_InterestIncomeSecuritiesTaxExempt 1,268us-gaap_InterestIncomeSecuritiesTaxExempt
Interest-bearing deposits 64us-gaap_InterestIncomeDepositsWithFinancialInstitutions 36us-gaap_InterestIncomeDepositsWithFinancialInstitutions 153us-gaap_InterestIncomeDepositsWithFinancialInstitutions
Total interest and dividend income 53,213us-gaap_InterestAndDividendIncomeOperating 50,663us-gaap_InterestAndDividendIncomeOperating 52,076us-gaap_InterestAndDividendIncomeOperating
Interest Expense:      
Deposits 2,043us-gaap_InterestExpenseDeposits 2,350us-gaap_InterestExpenseDeposits 3,181us-gaap_InterestExpenseDeposits
Borrowed funds 754us-gaap_InterestExpenseBorrowings 824us-gaap_InterestExpenseBorrowings 1,059us-gaap_InterestExpenseBorrowings
Securities sold under agreements to repurchase 848us-gaap_InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase 858us-gaap_InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase 994us-gaap_InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
Total interest expense 3,645us-gaap_InterestExpense 4,032us-gaap_InterestExpense 5,234us-gaap_InterestExpense
Net interest income 49,568us-gaap_InterestIncomeExpenseNet 46,631us-gaap_InterestIncomeExpenseNet 46,842us-gaap_InterestIncomeExpenseNet
Provision for loan losses 3,981us-gaap_ProvisionForLoanAndLeaseLosses 2,755us-gaap_ProvisionForLoanAndLeaseLosses 828us-gaap_ProvisionForLoanAndLeaseLosses
Net interest income after provision for loan losses 45,587us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 43,876us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 46,014us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
Other operating income:      
Wealth management group fee income 7,747us-gaap_FeesAndCommissionsFiduciaryAndTrustActivities 7,344us-gaap_FeesAndCommissionsFiduciaryAndTrustActivities 6,827us-gaap_FeesAndCommissionsFiduciaryAndTrustActivities
Service charges on deposit accounts 5,281us-gaap_FeesAndCommissionsDepositorAccounts 4,706us-gaap_FeesAndCommissionsDepositorAccounts 4,241us-gaap_FeesAndCommissionsDepositorAccounts
Net gains on securities transactions 6,869us-gaap_GainLossOnSaleOfSecuritiesNet 16us-gaap_GainLossOnSaleOfSecuritiesNet 301us-gaap_GainLossOnSaleOfSecuritiesNet
Net impairment loss on investment securities 0us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet (29)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet 0us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
Net gain on sales of loans held for sale 301us-gaap_GainLossOnSalesOfLoansNet 503us-gaap_GainLossOnSalesOfLoansNet 484us-gaap_GainLossOnSalesOfLoansNet
Casualty gains 0chmg_CasualtyGain 0chmg_CasualtyGain 790chmg_CasualtyGain
Net gains (losses) on sales of other real estate owned (64)us-gaap_GainsLossesOnSalesOfOtherRealEstate 28us-gaap_GainsLossesOnSalesOfOtherRealEstate (45)us-gaap_GainsLossesOnSalesOfOtherRealEstate
Gain from bargain purchase 0us-gaap_BusinessCombinationBargainPurchaseGainRecognizedAmount 470us-gaap_BusinessCombinationBargainPurchaseGainRecognizedAmount 0us-gaap_BusinessCombinationBargainPurchaseGainRecognizedAmount
Income from bank owned life insurance 78us-gaap_BankOwnedLifeInsuranceIncome 84us-gaap_BankOwnedLifeInsuranceIncome 87us-gaap_BankOwnedLifeInsuranceIncome
Other 6,544us-gaap_NoninterestIncomeOtherOperatingIncome 4,955us-gaap_NoninterestIncomeOtherOperatingIncome 4,503us-gaap_NoninterestIncomeOtherOperatingIncome
Total other operating income 26,756us-gaap_NoninterestIncome 18,077us-gaap_NoninterestIncome 17,188us-gaap_NoninterestIncome
Other operating expenses:      
Salaries and wages 21,315chmg_SalariesAndIncentiveCompensation 19,365chmg_SalariesAndIncentiveCompensation 18,918chmg_SalariesAndIncentiveCompensation
Pension and other employee benefits 5,733us-gaap_PensionAndOtherPostretirementBenefitExpense 5,939us-gaap_PensionAndOtherPostretirementBenefitExpense 5,624us-gaap_PensionAndOtherPostretirementBenefitExpense
Net occupancy expenses 7,098us-gaap_OccupancyNet 5,501us-gaap_OccupancyNet 5,164us-gaap_OccupancyNet
Furniture and equipment expenses 2,972us-gaap_EquipmentExpense 2,326us-gaap_EquipmentExpense 2,205us-gaap_EquipmentExpense
Data processing expense 6,393us-gaap_InformationTechnologyAndDataProcessing 4,750us-gaap_InformationTechnologyAndDataProcessing 4,421us-gaap_InformationTechnologyAndDataProcessing
Professional services 1,597us-gaap_ProfessionalFees 928us-gaap_ProfessionalFees 1,443us-gaap_ProfessionalFees
Legal settlements 4,250us-gaap_LegalFees 0us-gaap_LegalFees 0us-gaap_LegalFees
Amortization of intangible assets 1,310us-gaap_AmortizationOfIntangibleAssets 921us-gaap_AmortizationOfIntangibleAssets 1,047us-gaap_AmortizationOfIntangibleAssets
Marketing and advertising expense 1,079us-gaap_MarketingAndAdvertisingExpense 1,033us-gaap_MarketingAndAdvertisingExpense 1,068us-gaap_MarketingAndAdvertisingExpense
Other real estate owned expenses 247us-gaap_ForeclosedRealEstateExpense 194us-gaap_ForeclosedRealEstateExpense 328us-gaap_ForeclosedRealEstateExpense
FDIC insurance 1,116us-gaap_FederalDepositInsuranceCorporationPremiumExpense 866us-gaap_FederalDepositInsuranceCorporationPremiumExpense 807us-gaap_FederalDepositInsuranceCorporationPremiumExpense
Loan expense 811us-gaap_LoanPortfolioExpense 779us-gaap_LoanPortfolioExpense 788us-gaap_LoanPortfolioExpense
Merger and acquisition related expenses 115us-gaap_BusinessCombinationAcquisitionRelatedCosts 1,387us-gaap_BusinessCombinationAcquisitionRelatedCosts 30us-gaap_BusinessCombinationAcquisitionRelatedCosts
Other 6,441us-gaap_OtherNoninterestExpense 5,411us-gaap_OtherNoninterestExpense 4,952us-gaap_OtherNoninterestExpense
Total other operating expenses 60,477us-gaap_NoninterestExpense 49,400us-gaap_NoninterestExpense 46,795us-gaap_NoninterestExpense
Income (loss) before income tax expense 11,866us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 12,553us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 16,407us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense 3,709us-gaap_IncomeTaxExpenseBenefit 3,822us-gaap_IncomeTaxExpenseBenefit 5,385us-gaap_IncomeTaxExpenseBenefit
Net income $ 8,157us-gaap_NetIncomeLoss $ 8,731us-gaap_NetIncomeLoss $ 11,022us-gaap_NetIncomeLoss
Weighted average shares outstanding (in shares) 4,683us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 4,660us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 4,641us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted
Basic and diluted earnings per share (in dollars per share) $ 1.74us-gaap_EarningsPerShareBasicAndDiluted $ 1.87us-gaap_EarningsPerShareBasicAndDiluted $ 2.38us-gaap_EarningsPerShareBasicAndDiluted