Non-Interest Income:Non-interest income for the twelve months ended December 31, 2012, was $17.3 million compared with $17.5 million for the prior year, a decrease of $0.2 million, or 1.0%. The decline was primarily due to decreases of $0.8 million in net gain on securities transactions and $0.6 million in revenue from our equity investment in Cephas Capital Partners, L.P. These items were partially offset by $0.8 million in casualty gains from insurance reimbursements related to the September 2011 flooding of our Owego and Tioga offices and an increase of $0.3 million in net gain on sale of loans held for sale.
Chemung Financial Reports Record Earnings
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