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Chemung Financial (CHMG) - 2022 Q4 - Annual Report
CHMGChemung Financial (CHMG)2023-03-21 16:00

Deposits The growth in deposits was attributable to an increase of 206.0millionintimedeposits,206.0 million in time deposits, 73.5 million of which were one-way brokered deposits, offset by decreases of 13.7millionininsuredmoneymarketaccounts,13.7 million in insured money market accounts, 13.1 million in interest-bearing demand deposits, 6.3millioninnon−interestbearingdemanddeposits,and6.3 million in non-interest bearing demand deposits, and 1.2 million in savings deposits. Capital Lease Obligations and FHLBNY Advances The increase in capital lease obligations and FHLBNY advances can be mostly attributed to $81.2 m ...