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REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables present the Corporation's non-interest income by revenue stream and reportable segment for the years ended December 31, 2023 and 2022 (in thousands). Items outside the scope of ASC 606 are noted as such.

						Year ended December 31, 2023
Revenue by Operating Segment:						Core Banking						WMG						Holding Company, CFS, and CRM(b)(c)						Total
Non-interest income
Service charges on deposit accounts
Overdraft fees						$	3,096					$	—					$	—					$	3,096
Other						823						—						—						823
Interchange revenue from debit card transactions						4,606						—						—						4,606
WMG fee income						—						10,460						—						10,460
CFS fee and commission income						—						—						995						995
Net gains (losses) on sales of OREO						37						—						—						37
Net gains on sales of loans(a)						144						—						—						144
Net gains on sales of securities(a)						(39)						—						—						(39)
Loan servicing fees(a)						144						—						—						144
Change in fair value of equity securities(a)						228						—						(125)						103
Income from bank-owned life insurance(a)						43						—						—						43
Other(a)						4,068						—						69						4,137
Total non-interest income						$	13,150					$	10,460					$	939					$	24,549

(a) Not within scope of ASC 606.

(b) The Holding Company, CFS, and CRM column above includes amounts to eliminate transactions between segments.

(c) Chemung Risk Management, Inc. (CRM) was dissolved December 6, 2023.

						Year ended December 31, 2022
Revenue by Operating Segment:						Core Banking						WMG						Holding Company, CFS, and CRM(b)						Total
Non-interest income
Service charges on deposit accounts
Overdraft fees						$	3,084					$	—					$	—					$	3,084
Other						704						—						—						704
Interchange revenue from debit card transactions						4,603						—						—						4,603
WMG fee income						—						10,280						—						10,280
CFS fee and commission income						—						—						1,079						1,079
Net gains (losses) on sales of OREO						60						—						—						60
Net gains on sales of loans(a)						107						—						—						107
Loan servicing fees(a)						153						—						—						153
Change in fair value of equity securities(a)						(353)						—						4						(349)
Income from bank-owned life insurance(a)						46						—						—						46
Other(a)						1,821						—						(152)						1,669
Total non-interest income						$	10,225					$	10,280					$	931					$	21,436

(a) Not within scope of ASC 606.

(b) The Holding Company, CFS, and CRM column above includes amounts to eliminate transactions between segments.

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

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- References

No definition available.

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