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Chemung Financial CHMG WMG — Data processing
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Where this comes from
Reported directly by Chemung Financial in its filing.
Tagged under the XBRL concept us-gaap:InformationTechnologyAndDataProcessing.
The source filing: Chemung Financial’s 10-Q, filed August 6, 2026.
- Filed
- Aug 6, 2026, 2:29 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001628280-26-054168
| Line item | Core Banking | WMG | Holding Company and CFS | Inter-Segment Eliminations | Consolidated Totals |
|---|---|---|---|---|---|
| Compensation expense and benefits | 8,794 | 1,176 | 211 | — | 10,181 |
| Net occupancy expense | 1,479 | 67 | 3 | (3) | 1,546 |
| Furniture and equipment expense | 458 | 24 | 16 | — | 498 |
| Data processing & software expense | 2,329 | 278 | 8 | — | 2,615 |
| Other non-interest expenses | 4,065 | 201 | 215 | — | 4,481 |
| Total non-interest expense | 17,125 | 1,746 | 453 | (3) | 19,321 |
| Income before income tax expense (benefit) | 10,787 | 1,445 | (941) | — | 11,291 |
| Income tax expense (benefit) | 2,414 | 323 | (256) | — | 2,481 |
Item 1. Financial Statements – Unaudited
FAQ
- What is Chemung Financial's WMG — data processing?
- Chemung Financial (CHMG) reported WMG — data processing of $278K in Q2 2026.
- How has Chemung Financial's WMG — data processing changed year-over-year?
- Chemung Financial's WMG — data processing decreased by 9.7% year-over-year, from $308K to $278K.
- What is the long-term trend for Chemung Financial's WMG — data processing?
- Over 2 years (2023 to 2025), Chemung Financial's WMG — data processing has grown at a 3.5% compound annual growth rate (CAGR), from $1.16M to $1.24M.
- What does WMG — data processing mean?
- This metric captures the expenses incurred for data processing services and software systems utilized by the Wealth Management segment. It reflects the costs of maintaining the technological infrastructure necessary to manage client portfolios and financial reporting. High or rising costs may indicate investments in digital transformation or increased reliance on third-party financial platforms.
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