XML 71 R54.htm IDEA: XBRL DOCUMENT v3.25.0.1

SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Summarized Financial Information Concerning Reportable Segments And Reconciliation To Consolidated Results

The Holding Company, CFS, and CRM columns below includes income and expenses related to insurance products, mutual funds, brokerage services, and captive insurance (in thousands).

Year ended December 31, 2024						Core Banking						WMG						Holding Company and CFS						Inter-Segment Eliminations						Consolidated Totals
Interest and dividend income						$	127,534					$	—					$	36					$	(6)					$	127,564
Interest expense						53,511						—						—						(6)						53,505
Net interest income						74,023						—						36						—						74,059
Provision for credit losses						(46)						—						—						—						(46)
Net interest income after provision for credit losses						74,069						—						36						—						74,105
Non-interest income						10,633						11,573						1,030						(6)						23,230
Non-interest expenses:
Compensation expense						29,131						5,672						828						—						35,631
Net occupancy expense						5,583						249						6						(6)						5,832
Furniture and equipment expense						1,542						94						23						—						1,659
Data processing & software expense						8,954						1,120						19						—						10,093
Other non-interest expenses						13,080						546						409						—						14,035
Total non-interest expense						58,290						7,681						1,285						(6)						67,250
Income (loss) before income tax expense						26,412						3,892						(219)						—						30,085
Income tax expense (benefit)						5,651						833						(70)						—						6,414
Segment net income (loss)						$	20,761					$	3,059					$	(149)					$	—					$	23,671
Supplemental Information:
Total assets as of December 31, 2024						$	2,746,344					$	2,882					$	215,366					$	(188,445)					$	2,776,147
Capital expenditures1						$	3,626					$	—					$	—					$	—					$	3,626
Depreciation expense2						$	1,797					$	17					$	—					$	—					$	1,814

1 Includes expenditures related to ATM fleet replacement across footprint and the addition of a new branch.

2 Included in net occupancy and furniture and equipment expense in the table above.

Year ended December 31, 2023						Core Banking						WMG						Holding Company, CFS,CRM1						Inter-Segment Eliminations						Consolidated Totals
Interest and dividend income						$	112,947					$	—					$	132					$	(5)					$	113,074
Interest expense						38,622						—						—						(5)						38,617
Net interest income						74,325						—						132						—						74,457
Provision for credit losses						3,262						—						—												3,262
Net interest income after provision for credit losses						71,063						—						132						—						71,195
Non-interest income						13,156						10,460						1,890						(957)						24,549
Non-interest expenses:
Compensation expense						27,639						5,169						716						—						33,524
Net occupancy expense						5,414						223						6						(6)						5,637
Furniture and equipment expense						1,622						86						20						—						1,728
Data processing & software expense						8,655						1,155						30						—						9,840
Other non-interest expenses						13,569						428						468						(951)						13,514
Total non-interest income						56,899						7,061						1,240						(957)						64,243
Income (loss) before income tax expense						27,320						3,399						782						—						31,501
Income tax expense (benefit)						5,869						730						(98)						—						6,501
Segment net income (loss)						$	21,451					$	2,669					$	880					$	—					$	25,000
Total assets as of December 31, 2023						$	2,689,903					$	2,702					$	196,580					$	(178,656)					$	2,710,529
Capital expenditures						$	540					$	—					$	—					$	—					$	540
Depreciation expense2						$	1,983					$	18					$	—					$	—					$	2,001

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

2 Included in net occupancy and furniture and equipment expense in the table above.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration