Chemung Financial (Chemung Financial) Allowance For Loans And Lease Losses : $-22.52 Mil (As of Dec. 2023)

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What is Chemung Financial Allowance For Loans And Lease Losses?

Chemung Financial's Allowance For Loans And Lease Losses for the quarter that ended in Dec. 2023 was $-22.52 Mil.

Chemung Financial's quarterly Allowance For Loans And Lease Losses declined from Jun. 2023 ($-20.17 Mil) to Sep. 2023 ($-20.25 Mil) and declined from Sep. 2023 ($-20.25 Mil) to Dec. 2023 ($-22.52 Mil).

Chemung Financial's annual Allowance For Loans And Lease Losses increased from Dec. 2021 ($-21.03 Mil) to Dec. 2022 ($-19.66 Mil) but then declined from Dec. 2022 ($-19.66 Mil) to Dec. 2023 ($-22.52 Mil).

Chemung Financial Allowance For Loans And Lease Losses Historical Data

The historical data trend for Chemung Financial's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Chemung Financial Allowance For Loans And Lease Losses Chart

Chemung Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-23.48

-20.92

-21.03

-19.66

-22.52

Chemung Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-20.08	-20.17	-20.25	-22.52	-20.47

Chemung Financial Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

Chemung Financial Allowance For Loans And Lease Losses Related Terms

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Chemung Financial (Chemung Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Chemung Financial Corp (NAS:CHMG) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Chemung Canal Plaza, Elmira, NY, USA, 14901

Website

https://www.chemungcanal.com

Chemung Financial Corp is a bank holding firm. It provides financial services, including demand, savings, and time deposits, commercial, residential, and consumer loans, letters of credit, wealth management services, employee benefit plans, securities, and insurance brokerage services. Its business operations are organized into two segments, Core Banking, and Wealth Management services. It derives its revenues from the core banking business.

Executives

Meade Joseph F Iv	director	ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Thomas W Wirth	officer: Senior Vice President	ONE CHEMUNG CANAL PLAZA, P.O. BOX 1522, ELMIRA NY 14902-1522
Mckim Dale M. Iii	officer: EVP, CFO & Treasurer	ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Jeffrey P. Kenefick	officer: Regional President	ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Loren D Cole	officer: Executive Vice President	ONE CHEMUNG CANAL PLAZA, ELMIRA NY 14901
Thomas R. Tyrrell	director	ONE CHEMUNG CANAL PLAZA, ELMIRA NY 14901
John J Stempin	officer: Controller	ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Ronald M Bentley	officer: President & COO	ONE CHEMUNG CANAL PLAZA, ELMIRA NY 14901
Koen G. Long	officer: Controller	ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Denise V Gonick	director	ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Tranter G. Thomas Jr.	director	ONE CHEMUNG CANAL PLAZA, ELMIRA NY 14901
Jeffrey B Streeter	director	ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Robert H Dalrymple	director, 10 percent owner	ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Kimberly A Hazelton	officer: Executive Vice President	ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Archibold Raimundo C. Jr	director	ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522