SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2015

SEGMENT INFORMATION [Abstract]

SEGMENT INFORMATION

NOTE M:  SEGMENT INFORMATION

Operating segments are components of an enterprise, which are evaluated regularly by the “chief operating decision maker” in deciding how to allocate resources and assess performance.  The Company’s chief operating decision maker is the President and Chief Executive Officer of the Company. The Company has identified Banking, Employee Benefit Services and Wealth Management as its reportable operating business segments.  CBNA operates the banking segment that provides full-service banking to consumers, businesses and governmental units in northern, central and western New York as well as northern Pennsylvania.  Employee benefit services, which includes Benefit Plans Administrative Services, Inc. (“BPAS”) and subsidiaries with offices throughout the U.S. and Puerto Rico, provides employee benefit trust, collective investment fund, retirement plan administration, actuarial, VEBA/HRA and health and welfare consulting services.  Wealth management services activities include trust services provided by the personal trust unit within the Bank, investment and insurance products and services provided by Community Investment Services, Inc. (“CISI”) and CBNA Insurance Agency, Inc., and asset management provided by Nottingham Advisors, Inc.  The accounting policies used in the disclosure of business segments are the same as those described in the summary of significant accounting policies (See Note A, Summary of Significant Accounting Policies of the most recent Form 10-K for the year ended December 31, 2014 filed with the SEC on March 2, 2015).

Information about reportable segments and reconciliation of the information to the consolidated financial statements follows:

(000's omitted)	Banking		Employee Benefit Services		Wealth Management		Eliminations			Consolidated Total
Three Months Ended March 31, 2015
Net interest income	$	59,785	$	29	$	26	$	0		$	59,840
Provision for loan losses		623		0		0		0			623
Noninterest income		13,524		11,353		4,633		(464	)		29,046
Amortization of intangible assets		739		133		47		0			919
Other operating expenses		43,819		8,451		3,223		(464	)		55,029
Income before income taxes	$	28,128	$	2,798	$	1,389	$	0		$	32,315
Assets	$	7,549,811	$	32,206	$	16,329	$	(22,307	)	$	7,576,039
Goodwill	$	364,495	$	8,019	$	2,660	$	0		$	375,174
Three Months Ended March 31, 2014
Net interest income	$	60,063	$	23	$	22	$	0		$	60,108
Provision for loan losses		1,000		0		0		0			1,000
Noninterest income		13,444		10,721		4,663		(474	)		28,354
Amortization of intangible assets		912		172		57		0			1,141
Other operating expenses		43,711		8,297		3,246		(474	)		54,780
Income before income taxes	$	27,884	$	2,275	$	1,382	$	0		$	31,541
Assets	$	7,370,190	$	30,719	$	14,383	$	(18,064	)	$	7,397,228
Goodwill	$	364,495	$	8,019	$	2,660	$	0		$	375,174