10-Q/A

                                FORM 10 - Q/A
                             AMENDMENT NUMBER 2
                    
                        SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C.  20549

                QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF
                        THE SECURITIES EXCHANGE ACT OF 1934


                   For the six months ended June 30, 1995


                        Commission file number 0-11716 


                          COMMUNITY BANK SYSTEM, INC.   
              (Exact name of registrant as specified in its charter)


               DELAWARE                                      16-1213679  
       (State or other jurisdiction of                    (I.R.S. Employer
       incorporation or organization)                    Identification No.)
       
                                          
          


       5790 Widewaters Parkway, DeWitt, New York                     13214  
       (Address of principal executive offices)                    (Zip Code)

                            315/445-2282
              (Registrant's telephone number, including area code)


Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such
shorter periods that the registrant was required to file such
reports), and (2) has been subject to such filing
requirements for the past 90 days.  Yes X  No___

Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practical date.

Common Stock, $1.25 par value -- 3,656,150 shares as of August 10, 1995.






                                     Signatures

      Pursuant to the requirements of The Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.





                                  Community Bank System, Inc.




Date:  September 21, 1995     /s/ Sanford A. Belden                           
                             --------------------------------
                            Sanford A. Belden, President and
                            Chief Executive Officer         



Date:  September 21, 1995     /s/ David G. Wallace                            
                              --------------------------------
                            David G. Wallace, Senior Vice President
                            Chief Financial Officer

EX-27

 

<ARTICLE> 9
<MULTIPLIER> 1000
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               JUN-30-1995
<CASH>                                          33,621
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    320,833
<INVESTMENTS-CARRYING>                         320,833
<INVESTMENTS-MARKET>                           333,608
<LOANS>                                        515,310
<ALLOWANCE>                                      6,699
<TOTAL-ASSETS>                               1,002,444
<DEPOSITS>                                     709,095
<SHORT-TERM>                                   188,200
<LIABILITIES-OTHER>                              9,190
<LONG-TERM>                                        550
<COMMON>                                         4,379
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                      9,000
<OTHER-SE>                                      82,580
<TOTAL-LIABILITIES-AND-EQUITY>               1,002,444
<INTEREST-LOAN>                                 23,610
<INTEREST-INVEST>                               14,574
<INTEREST-OTHER>                                    32
<INTEREST-TOTAL>                                38,216
<INTEREST-DEPOSIT>                              12,240
<INTEREST-EXPENSE>                              17,218
<INTEREST-INCOME-NET>                           20,997
<LOAN-LOSSES>                                      853
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                 14,155
<INCOME-PRETAX>                                  8,761
<INCOME-PRE-EXTRAORDINARY>                       3,438
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     5,323
<EPS-PRIMARY>                                     1.89
<EPS-DILUTED>                                     1.89
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                          0
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
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<ALLOWANCE-OPEN>                                     0
<CHARGE-OFFS>                                        0
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                                    0
<ALLOWANCE-DOMESTIC>                                 0
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<ALLOWANCE-UNALLOCATED>                              0