ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2014

ACQUISITIONS [Abstract]

Estimated Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair value of the assets acquired and liabilities assumed.

(000s omitted)	2014		2013			2012
Consideration paid (received):
Cash/Total net consideration paid (received)	$	924	$	(291,980	)	$	(595,462	)
Recognized amounts of identifiable assets acquired and liabilities assumed:
Cash and cash equivalents		0		0			5,510
Investment securities		0		0			0
Loans		0		1,106			160,116
Premises and equipment		0		2,549			4,941
Accrued interest receivable		0		5			588
Other assets/(liabilities), net		163		(18	)		171
Core deposit intangibles		0		2,537			6,521
Other intangibles		578		9			0
Deposits		0		(303,456	)		(797,962	)
Borrowings		0		0			0
Total identifiable assets (liabilities), net		741		(297,268	)		(620,115	)
Goodwill	$	183	$	5,288		$	24,653

Summary of Loans Acquired

The following is a summary of the loans acquired from HSBC and First Niagara at the date of acquisition:

(000’s omitted)	Acquired Impaired Loans		Acquired Non-Impaired Loans			Total Acquired Loans
Contractually required principal and interest at acquisition	$	0	$	201,745		$	201,745
Contractual cash flows not expected to be collected		0		(3,555	)		(3,555	)
Expected cash flows at acquisition		0		198,190			198,190
Interest component of expected cash flows		0		(38,074	)		(38,074	)
Fair value of acquired loans	$	0	$	160,116		$	160,116