Chemung Canal Trust Company
Elmira, NY — State Member Bank
Active
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Chemung Canal Trust Company | All Insured Commercial Banks in New York |
Interest and Fees on Loans | 37,054 | 35,323 |
Income from Lease Financing Receivables | — | 21 |
13 | 86 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 7 | 39 |
Income on Loans and Leases (TE) | 37,061 | 35,615 |
Investment Interest Income (TE) | 4,865 | 5,820 |
Total Interest Income (TE) | 42,277 | 44,196 |
Total Interest Expense | 2,871 | 5,278 |
Net Interest Income (TE) | 39,406 | 38,608 |
Non-Interest Income | 14,716 | 9,112 |
Adjusted Operating Income (TE) | 54,122 | 54,454 |
Non-interest Expense | 42,352 | 33,757 |
Provision for Loan & Lease Losses | 2,033 | 1,439 |
Pretax Operating Income (TE) | 9,737 | 17,987 |
Pretax Net Operating Income (TE) | 10,720 | 18,652 |
Applicable Income Taxes | 3,342 | 6,225 |
Net Operating Income | 6,994 | 11,609 |
Net Income | 6,994 | 11,608 |
Cash Dividends Declared | 3,664 | 1,753 |
Retained Earnings | 3,330 | 5,838 |