Chemung Financial Corp · NASDAQ:CHMG
Chemung Financial — Shareholder Meeting (May 2014)
47 slides from Chemung Financial's shareholder meeting presentation, May 14, 2014
Slide 1: 2014 Annual Shareholders Meeting
2014 ANNUAL SHAREHOLDERS MEETING Chemung Financial Corporation
Slide 2: Celebrating Our 180th Year
CELEBRATING OUR 180TH YEAR AP. AN ACT to incorporate the president, directors and com- puny of the Chemung canal bank Passed AY, , 1883. The People of the State of New. Yor Senate and Assembiy, da-enact ax x Salles presented in $1. There shall be established in the village of Eimi ag and Geena at lo
Slide 3: Board of Directors
i. —— “2014 Chemung Financial Comoration BOARD OF DIRECTORS © 4
Slide 4: Two New Directors elected to the Board
Two New Directors elected to the Board President Area Chai Corning Enterprises Arthur J. Gallagher & Co. Cc -
Slide 5: 1926 - 2013
1926 - 2013 Cc -
Slide 6: Ron Bentley
RON BENTLEY President and CEO Cc
Slide 7: Pamela Burns
PAMELA BURNS Senior Vice President Human Resources Cc -
Slide 8: Rick Carr
RICK CARR Executive Vice President Business Client Services Ce
Slide 9: Mike Crimmins
MIKE CRIMMINS Senior Vice President Support Services Cc -
Slide 10: Lou DiFabio
LOU DiFABIO Executive Vice President Retail Client Services Cc -
Slide 11: Karl Krebs
KARL KREBS Executive Vice President Chief Financial Officer e
Slide 12: Karen Makowski
KAREN MAKOWSKI Executive Vice President Chief Administrative and Risk Officer Cc -
Slide 13: Brendan McCormick
BRENDAN McCORMICK Vice President and Chief Auditor Cr
Slide 14: Melinda Sartori
MELINDA SARTORI Executive Vice President Wealth Management Group Cc -
Slide 15: Anders Tomson
q ) ANDERS TOMSON President, Capital Bank Division ie
Slide 16: Mike Wayne
MIKE WAYNE Senior Vice President and Director of Marketing is
Slide 17: Celebrating Our 180th Year
CELEBRATING OUR 180TH YEAR AP. AN ACT to incorporate the president, directors and com- puny of the Chemung canal bank Passed AY, , 1883. The People of the State of New. Yor Senate and Assembiy, da-enact ax x Salles presented in $1. There shall be established in the village of Eimi ag and Geena at lo
Slide 18: Size & Strength
Rovbled Uv SIZE & STRENGTH 2014 2006 2 x rr $1. $739.1 gece lion y /m illion million wy : billion
Slide 19: Chemung Canal Today
CHEMUNG CANAL TODAY $1.5 BILLION $1.0 BILLION $1.3 BILLION SHAREHOLDERS’ EQUITY $138.6 MILLION ©
Slide 20: Branch offices, ATMs, counties, households, FTEs
16 to 34 branch offices 28 to 50 ATMs | 5to12 counties 38,000 to 62,000 households 281 to 412 total FTEs
Slide 21: Wealth Management Group Assets rose to $1.9 Billion
Wealth Management Group Assets rose to $1.9 BILLION e
Slide 22: Why is growth so important?
Why is growth so important? ie
Slide 23: Balance Sheet Growth = Earnings Growth = Value for our Stakeholders
Balance Sheet Growth = Earnings Growth = Value for our Stakeholders
Slide 24: Growth creates economies of scale and professional opportunities
Growth creates economies of seale and professional opportunities for our staff
Slide 25: 2013 Financial Results
2013 Financial Results Net Income: $8.7 million EPS: $1.87 Excluding one-time acquisition costs: Net Income: $9.1 million EPS: $1.96 Cc
Slide 26: Return on average assets
Return on average assets 0.67% Return on average equity 6.50% Dividends Declared $4.8 million ie
Slide 27: Slide 27
Slide 28: Commercial Loans
Commercial Loans ) +14.2% $64.5 million ie
Slide 29: Consumer & Mortgage Loans
Consumer & Mortgage Loans ) +8.6% $37.9 million ie
Slide 30: Demand Deposits
Demand Deposits ) +4.1% $12.4 million ie
Slide 31: Total Core Deposits
Total Core Deposits +9.0% $72.9 million ie
Slide 32: Non-interest Income
Non-interest Income +6.5% $18.3 million ie
Slide 33: Balance Sheet
Balance Sheet Dec. 31, 2013 Total Assets Total Deposits Total Shareholders’ $15 billion $13 billion qui $138.5 million
Slide 34: Wealth Management Group
Wealth Management Group Value of total assets $1.9 billion ie
Slide 35: Credit Quality = Stable & Strong
Credit Quality = Stable & Strong Non-performing assets to total assets ratio 0.61% (very strong) ALLL ($12.8 million) to total loans ratio 1.28% Cc -
Slide 36: Bank of America Branch Acquisition
- | THE COMMONS, ITHACA GENESEE ST, AUBURN CORTLAND ITHACA SOUTH GRANT AVE, AUBURN Bank of America Branch Acquisition Gc Z 4
Slide 37: Slide 37
Slide 38: Wealth Management Group
Wealth Management Group Almost $1.9 million in pre-tax income Cc --
Slide 39: Launched February 2013
Sree f Launched pany i steel | February 2013 = es SEAN aay | Nearly 40,000 signed up Cc -
Slide 40: Mobile Deposit (launched April 2014)
Mobile Deposit (launched April 2014)
Slide 41: Mobile Banking 1.0 and 2.0
.0 and 2.0 Ve} ANKING <e - Eichemung ca ist Ce Lion pay ;emung Canal El rust Company Fanta dani ce 1
Slide 42: Design
Design Give your card a personal touch. C-
Slide 43: Loans and Deposits
Slide 44: The Capital Region
Slide 45: Retirement Announcements
Retirement Announcements more than 25 years of dedicated service Pamela Kelley Jackie Stevens Senior Relationship Manager (30 years) (30 years)
Slide 46: Thank You
Tr hank Yy ow ie
Slide 47: Questions?