ACQUISITIONS	6 Months Ended
Jun. 30, 2012
ACQUISITIONS [Abstract]
ACQUISITIONS	NOTE B: ACQUISITIONS On January 19, 2012, Community Bank, N.A. (the" Bank"), the wholly-owned banking subsidiary of the Company, entered into an Assignment, Purchase and Assumption Agreement (the "HSBC Branch Agreement") and a Purchase and Assumption Agreement (the "First Niagara Branch Agreement") (collectively, the "Agreements") with First Niagara Bank, N.A. ("First Niagara"). Under the Agreements, the Bank agreed to acquire 19 branches in Central, Northern, and Western New York, consisting of three branches to be purchased directly from First Niagara and 16 branches to be purchased from HSBC Bank USA, National Association ("HSBC"). First Niagara assigned its rights to the HSBC branches in connection with its pending acquisition of HSBC's Upstate New York banking franchise. On July 20, 2012, the Company completed its acquisition of the 16 retail branches owned by HSBC, adding approximately $107 million in loans and $697 million of deposits at a blended deposit premium of 3.4%. Upon closing, the Company repaid $430 million of overnight borrowings. The acquisition of the three branches owned by First Niagara is expected to close later in the third quarter and will add approximately $72 million of loans and $138 million of deposits also at a blended deposit premium of 3.2%. The Company completed a public stock offering in late January 2012. The offering raised $57.5 million through the issuance of 2.13 million shares. The net proceeds of the offering were approximately $54.9 million. The Company intends to use the capital raised in this offering to support the HSBC and First Niagara branch acquisitions. On November 30, 2011, the Company, through its Benefit Plans Administrative Services, Inc. ("BPAS") subsidiary, acquired certain assets and liabilities of CAI Benefits, Inc. ("CAI"), a provider of actuarial, consulting and retirement plan administration services, with offices in New York City and Northern New Jersey. The Company acquired $1.4 million of assets and $0.2 million of liabilities. The results of CAI's operations have been included in the consolidated financial statements since that date. The transaction adds valuable service capacity and enhances distribution prospects in support of the Company's broader-based employee benefits business, including daily valuation plan and collective investment fund administration. On April 8, 2011, the Company acquired The Wilber Corporation ("Wilber"), parent company of Wilber National Bank, for approximately $103 million in stock and cash, comprised of $20.4 million in cash and the issuance of 3.35 million additional shares of the Company's common stock. Based in Oneonta, New York, Wilber operated 22 branches in the Central, Greater Capital District, and Catskill regions of Upstate New York. Wilber was merged into the Company and Wilber National Bank was merged into the Bank. The Company acquired $462.3 million of loans, $297.6 million of investments, $771.6 million of deposits, and $19.7 million of borrowings. The results of Wilber's operations have been included in the Company's financial statements since that date. Direct costs related to the acquisitions were expensed as incurred. Merger and acquisition integration-related expenses amount to $0.2 million and $0.4 million during the three and six months ended June 30, 2012, respectively, and $3.6 million and $4.3 million during the three and six months ended June 30, 2011, respectively, and have been separately stated in the Consolidated Statements of Income.

ACQUISITIONS

6 Months Ended

Jun. 30, 2012

NOTE B: ACQUISITIONS

On January 19, 2012, Community Bank, N.A. (the" Bank"), the wholly-owned banking subsidiary of the Company, entered into an Assignment, Purchase and Assumption Agreement (the "HSBC Branch Agreement") and a Purchase and Assumption Agreement (the "First Niagara Branch Agreement") (collectively, the "Agreements") with First Niagara Bank, N.A. ("First Niagara"). Under the Agreements, the Bank agreed to acquire 19 branches in Central, Northern, and Western New York, consisting of three branches to be purchased directly from First Niagara and 16 branches to be purchased from HSBC Bank USA, National Association ("HSBC"). First Niagara assigned its rights to the HSBC branches in connection with its pending acquisition of HSBC's Upstate New York banking franchise. On July 20, 2012, the Company completed its acquisition of the 16 retail branches owned by HSBC, adding approximately $107 million in loans and $697 million of deposits at a blended deposit premium of 3.4%. Upon closing, the Company repaid $430 million of overnight borrowings. The acquisition of the three branches owned by First Niagara is expected to close later in the third quarter and will add approximately $72 million of loans and $138 million of deposits also at a blended deposit premium of 3.2%.

The Company completed a public stock offering in late January 2012. The offering raised $57.5 million through the issuance of 2.13 million shares. The net proceeds of the offering were approximately $54.9 million. The Company intends to use the capital raised in this offering to support the HSBC and First Niagara branch acquisitions.

On November 30, 2011, the Company, through its Benefit Plans Administrative Services, Inc. ("BPAS") subsidiary, acquired certain assets and liabilities of CAI Benefits, Inc. ("CAI"), a provider of actuarial, consulting and retirement plan administration services, with offices in New York City and Northern New Jersey. The Company acquired $1.4 million of assets and $0.2 million of liabilities. The results of CAI's operations have been included in the consolidated financial statements since that date. The transaction adds valuable service capacity and enhances distribution prospects in support of the Company's broader-based employee benefits business, including daily valuation plan and collective investment fund administration.

On April 8, 2011, the Company acquired The Wilber Corporation ("Wilber"), parent company of Wilber National Bank, for approximately $103 million in stock and cash, comprised of $20.4 million in cash and the issuance of 3.35 million additional shares of the Company's common stock. Based in Oneonta, New York, Wilber operated 22 branches in the Central, Greater Capital District, and Catskill regions of Upstate New York. Wilber was merged into the Company and Wilber National Bank was merged into the Bank. The Company acquired $462.3 million of loans, $297.6 million of investments, $771.6 million of deposits, and $19.7 million of borrowings. The results of Wilber's operations have been included in the Company's financial statements since that date.

Direct costs related to the acquisitions were expensed as incurred. Merger and acquisition integration-related expenses amount to $0.2 million and $0.4 million during the three and six months ended June 30, 2012, respectively, and $3.6 million and $4.3 million during the three and six months ended June 30, 2011, respectively, and have been separately stated in the Consolidated Statements of Income.