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Chemung Financial CHMG Data processing and equipment
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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
| (in thousands, except per share data) | Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 |
|---|---|---|---|---|
| Other components of net periodic pension and postretirement benefits | (142) | (113) | (284) | (226) |
| Net occupancy | 1,546 | 1,431 | 3,074 | 2,964 |
| Furniture and equipment | 498 | 455 | 907 | 828 |
| Data processing | 2,615 | 2,563 | 5,151 | 5,097 |
| Professional services | 962 | 805 | 1,653 | 1,443 |
| Marketing and advertising | 497 | 351 | 738 | 690 |
| Other real estate owned | 17 | 3 | 25 | 14 |
| FDIC insurance | 304 | 434 | 619 | 873 |
Item 1. Financial Statements – Unaudited
FAQ
- What is Chemung Financial's data processing and equipment?
- Chemung Financial (CHMG) reported data processing and equipment of $2.62M in Q2 2026.
- How has Chemung Financial's data processing and equipment changed year-over-year?
- Chemung Financial's data processing and equipment increased by 2.0% year-over-year, from $2.56M to $2.62M.
- What is the long-term trend for Chemung Financial's data processing and equipment?
- Over 4 years (2021 to 2025), Chemung Financial's data processing and equipment has grown at a 4.2% compound annual growth rate (CAGR), from $8.52M to $10.05M.
- What does data processing and equipment mean?
- This captures the costs associated with maintaining core banking systems, digital platforms, and information technology infrastructure. It includes expenses for software licensing, data processing services, and the maintenance of hardware required to support banking operations. Rising costs in this category often indicate ongoing digital transformation efforts or investments in cybersecurity and operational scalability.
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