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Chemung Canal Trust Company

Elmira, NY · Cert 597 · Chemung Financial Corp.

State charter, Fed member · FED · 30 branches

Q2 2026

$2.8BAssets
$2.4BLoans
$2.4BDeposits
$304.5MEquity
Loan mix
81%RE $1.9B13%C&I $0.3B5%Consumer $0.1BQ2 2025Q2 2026
Deposit mix
71%Interest-bearing $1.7B29%Noninterest $0.7BQ2 2025Q2 2026

NIM

4.41%Q2 ’244.50%Q2 ’254.85%Q2 ’26+12%+25%

Non-interest income vs. expense

2.27%Q2 ’242.36%Q2 ’252.54%Q2 ’260%+13%

Market Position · Elmira, NY · 2026 SOD (annual) · 60.0% share · #1 of 5 inst. · $0.8B of $1.3B

60.0% Chemung
1.9% Albany
75.2% Schuyler
10.6% Steuben

Executive Summary

  • Earnings: ROA of 1.40%, up 141 bps year over year; NIM at 3.58%.
  • Asset quality: problem loans at 0.38% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 11.38%, up 131 bps from a year ago.
  • Funding: loans stand at 99.93% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.40%+141 bps YoY

Net Interest Margin (YTD, annualized)

3.58%+71 bps YoY

Efficiency Ratio (YTD, annualized)

58.10%-604 bps YoY

Tier 1 Leverage Ratio

11.38%+131 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-0.01%0.40%0.60%1.44%1.40%+141 bps
Return on Equity-0.10%4.56%6.61%13.45%13.04%+1,314 bps
Net Interest Margin2.86%3.16%3.28%3.55%3.58%+71 bps
Efficiency Ratio64.13%62.38%61.22%56.04%58.10%-604 bps
Non-Interest Burden1.52%1.63%1.65%1.60%1.71%+19 bps
Growth
Asset Growth (YoY)3.52%-2.83%-2.37%-1.73%-1.14%-465 bps
Loan Growth (YoY)6.10%8.70%9.67%10.32%11.01%+490 bps
Deposit Growth (YoY)2.39%-3.56%-5.06%-4.70%-4.39%-677 bps
Asset Quality
Nonperforming Loans / Loans0.38%0.35%0.35%0.33%0.38%0 bps
Net Charge-Offs / Loans0.12%0.08%0.08%-0.02%0.01%-11 bps
Allowance / Loans1.06%1.07%1.07%1.08%1.06%0 bps
Allowance Coverage of NPLs2.8x3.1x3.1x3.3x2.8x0.0x
Capital
Tier 1 Leverage Ratio10.07%10.85%11.10%11.26%11.38%+131 bps
Total Risk-Based Capital14.58%14.88%14.80%14.97%14.96%+38 bps
Equity / Assets9.35%10.29%10.61%10.79%10.80%+145 bps
Liquidity & Funding
Loans / Deposits86.08%93.08%99.66%99.65%99.93%+1,386 bps
Liquid Assets / Assets9.99%2.81%1.03%0.96%1.62%-837 bps
CRE / Total Capitaln/a448%452%457%n/an/a