Chemung Financial CHMG Other real estate owned
Other real estate owned at other companies
Other financials
Where this comes from
Reported directly by Chemung Financial in its filing.
Tagged under the XBRL concept chmg:OtherRealEstateOwnedExpense.
The official record: Chemung Financial’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Chemung Financial's other real estate owned?
- Chemung Financial (CHMG) reported other real estate owned of $8K in Q1 2026.
- How has Chemung Financial's other real estate owned changed year-over-year?
- Chemung Financial's other real estate owned decreased by 27.3% year-over-year, from $11K to $8K.
- What is the long-term trend for Chemung Financial's other real estate owned?
- Over 2 years (2023 to 2025), Chemung Financial's other real estate owned has grown at a 7.2% compound annual growth rate (CAGR), from -$20K to $23K.
- What does other real estate owned mean?
- This represents the costs incurred in the maintenance, management, and disposition of foreclosed properties acquired through loan defaults. It includes expenses such as property taxes, insurance, repairs, and valuation write-downs associated with real estate held on the balance sheet. High or increasing levels of this expense can signal deteriorating credit quality within the loan portfolio.