SEGMENT INFORMATION

6 Months Ended

Jun. 30, 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.  The employee benefit services segment, which includes Benefit Plans Administrative Services, Inc. (“BPAS”) and its 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.  The wealth management services segment includes trust services provided by the personal trust unit within the Bank, investment and insurance products and services provided by the Bank’s subsidiaries Community Investment Services, Inc. (“CISI”) and CBNA Insurance Agency, Inc., and asset management services provided by the Bank’s Nottingham Advisors, Inc. subsidiary.  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 June 30, 2015
Net interest income	$	61,165	$	35	$	28	$	0		$	61,228
Provision for loan losses		591		0		0		0			591
Noninterest revenues		14,009		11,606		4,576		(472	)		29,719
Amortization of intangible assets		709		133		38		0			880
Other operating expenses		43,393		8,957		3,290		(472	)		55,168
Income before income taxes	$	30,481	$	2,551	$	1,276	$	0		$	34,308
Assets	$	7,882,898	$	33,609	$	17,047	$	(24,783	)	$	7,908,771
Goodwill	$	364,495	$	8,019	$	2,660	$	0		$	375,174
Three Months Ended June 30, 2014
Net interest income	$	61,124	$	23	$	23	$	0		$	61,170
Provision for loan losses		1,900		0		0		0			1,900
Noninterest revenues		14,778		10,677		4,629		(418	)		29,666
Amortization of intangible assets		882		171		48		0			1,101
Other operating expenses		43,132		8,198		3,151		(418	)		54,063
Income before income taxes	$	29,988	$	2,331	$	1,453	$	0		$	33,772
Assets	$	7,435,282	$	27,818	$	13,882	$	(15,639	)	$	7,461,343
Goodwill	$	364,495	$	8,019	$	2,660	$	0		$	375,174
Six Months Ended June 30, 2015
Net interest income	$	120,948	$	65	$	55	$	0		$	121,068
Provision for loan losses		1,214		0		0		0			1,214
Noninterest revenues		27,534		22,959		9,208		(936	)		58,765
Amortization of intangible assets		1,448		266		85		0			1,799
Other operating expenses		87,212		17,408		6,513		(936	)		110,197
Income before income taxes	$	58,608	$	5,350	$	2,665	$	0		$	66,623
Six Months Ended June 30, 2014
Net interest income	$	121,188	$	46	$	45	$	0		$	121,279
Provision for loan losses		2,900		0		0		0			2,900
Noninterest revenues		28,223		21,386		9,291		(880	)		58,020
Amortization of intangible assets		1,795		342		105		0			2,242
Other operating expenses		86,844		16,482		6,398		(880	)		108,844
Income before income taxes	$	57,872	$	4,608	$	2,833	$	0		$	65,313