CHEMUNG CANAL TRUST CO
ELMIRA, NEW YORK · FDIC Cert #597
Capital & Safety Analysis
According to FDIC financial data, CHEMUNG CANAL TRUST CO holds a Tier 1 capital ratio of 11.93%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning CHEMUNG CANAL TRUST CO has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
CHEMUNG CANAL TRUST CO shows strong financial health indicators. With $2.8B in assets and a Health Score of 78/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
Frequently Asked Questions
CHEMUNG CANAL TRUST CO has a Bank Health Score of B (78/100). It holds a Tier 1 capital ratio of 11.93%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
CHEMUNG CANAL TRUST CO holds $2.8B in total assets and $2.4B in total deposits. It is located in ELMIRA, NEW YORK (FDIC Certificate #597).
CHEMUNG CANAL TRUST CO has a Tier 1 capital ratio of 11.93%, classifying it as "Well-Capitalized." The nonperforming loan ratio is 0.41%, and the return on assets is 1.13%.
Yes. CHEMUNG CANAL TRUST CO is FDIC-insured (Certificate #597). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically regain access to funds within two business days.