Chemung Canal Trust Company
Elmira, New York, Chemung County
$2.8B in total assets, the 469th largest of 4,309 US banks and 39th of 126 headquartered in New York.
- FDIC certificate
- 597
- Established
- 1833
- Owned by
- Chemung Financial Corp
- Primary regulator
- FED
- Website
- WWW.CHEMUNGCANAL.COM
At a glance
Compared with 44 banks headquartered in New York with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $2.8B | 59% | $2.4B | |
| Loans | $2.4B | 68% | $1.9B | |
| Deposits | $2.4B | 61% | $2.0B | |
| Return on assets | 1.31% | 72% | 1.03% | |
| Net interest margin | 3.84% | 82% | 3.49% | |
| Efficiency ratio | 58.1% | 45% | 59.5% | |
| Equity to assets | 10.80% | 58% | 9.98% | |
| Loans to deposits | 100% | 86% | 86% |
Growth
Total assets grew 3.5% a year over the last 5 years and 5.3% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Apr 2011 | Capital Bank & Trust Company Albany, NY | $252M |
| May 2009 | Bank of Canton Canton, PA | $80M |
| Jan 1995 | The Owego National Bank Owego, NY | $40M |
| Jun 1994 | Columbia Banking Federal Savings Association Rochester, NY | $646M |
| Apr 1974 | Montour National Bank in Montour Falls Montour Falls, NY | n/a |
Where they operate
30 branches in 14 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Chemung County, NY | $800M | 60.0% | 1 of 5 |
| Albany County, NY | $344M | 1.9% | 10 of 17 |
| Schuyler County, NY | $227M | 75.2% | 1 of 2 |
| Steuben County, NY | $154M | 10.6% | 3 of 6 |
| Tioga County, NY | $153M | 26.5% | 2 of 5 |
| Broome County, NY | $124M | 3.6% | 6 of 9 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 4 branches since 2016 (34 to 30, −11.8%). 4 opened, 0 acquired, 8 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 34 | |||
| 2016 | Closed Ithaca | 0 | 1 | −1 | 33 |
| 2018 | Opened Saratoga Springs and Schenectady | 2 | 0 | +2 | 35 |
| 2019 | Closed Johnson City and Painted Post | 0 | 2 | −2 | 33 |
| 2020 | Closed 3 in 2 states | 0 | 3 | −3 | 30 |
| 2021 | Opened Clarence | 1 | 0 | +1 | 31 |
| 2024 | Opened BuffaloClosed Clarence and Ithaca | 1 | 2 | −1 | 30 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 37% | 27% | |
| Multifamily | 20% | 12% | |
| 1-4 family residential | 19% | 25% | |
| Business (C&I) | 13% | 20% | |
| Construction and land | 6% | 5% | |
| Consumer | 5% | 5% | |
| Other | 1% | 6% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 53% | 54% | |
| Noninterest-bearing | 29% | 19% | |
| Time deposits | 18% | 28% |
Brokered deposits are 0.0% of deposits (peers 3.9%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.38% | 0.72% |
| Net charge-offs, annualized | 0.01% | 0.03% |
| Reserves to loans | 1.06% | 1.00% |
| Leverage ratio | 11.38% | 10.12% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in New York
Largest competitors in Chemung County, NY
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/chemung-canal