XML 47 R35.htm IDEA: XBRL DOCUMENT v3.21.2
ACQUISITIONS - Estimated Fair Value of Assets Acquired and Liabilities assumed (Details) - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 12, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Consideration paid :        
Cash   $ 2,900 $ (34,360)  
Recognized amounts of identifiable assets acquired and liabilities assumed:        
Goodwill   794,892 $ 792,715 $ 793,708
Steuben Trust Corporation [Member]        
Consideration paid :        
Cash $ 21,600     21,613
Community Bank System, Inc. common stock       76,942
Total net consideration paid 98,600     98,555
Recognized amounts of identifiable assets acquired and liabilities assumed:        
Cash and cash equivalents       55,973
Investment securities 180,500     180,497
Loans, net of allowance for credit losses on PCD loans 339,700     339,017
Premises and equipment, net       7,764
Accrued interest and fees receivable       2,701
Other assets       17,675
Deposits (516,300)     (516,274)
Other liabilities       (4,841)
Other Federal Home Loan Bank borrowings       (6,000)
Subordinated debt held by unconsolidated subsidiary trusts       2,062
Total identifiable assets, net       78,574
Goodwill $ 20,000     19,981
Steuben Trust Corporation [Member] | Core deposit intangibles [Member]        
Recognized amounts of identifiable assets acquired and liabilities assumed:        
Intangibles       2,928
Steuben Trust Corporation [Member] | Other intangibles [Member]        
Recognized amounts of identifiable assets acquired and liabilities assumed:        
Intangibles       $ 1,196
NuVantage Insurance Corporation [Member]        
Consideration paid :        
Cash   2,900    
Community Bank System, Inc. common stock   0    
Total net consideration paid   2,900    
Recognized amounts of identifiable assets acquired and liabilities assumed:        
Cash and cash equivalents   0    
Investment securities   0    
Loans, net of allowance for credit losses on PCD loans   0    
Premises and equipment, net   199    
Accrued interest and fees receivable   0    
Other assets   0    
Deposits   0    
Other liabilities   (174)    
Other Federal Home Loan Bank borrowings   0    
Subordinated debt held by unconsolidated subsidiary trusts   0    
Total identifiable assets, net   1,462    
Goodwill   1,438    
NuVantage Insurance Corporation [Member] | Core deposit intangibles [Member]        
Recognized amounts of identifiable assets acquired and liabilities assumed:        
Intangibles   0    
NuVantage Insurance Corporation [Member] | Other intangibles [Member]        
Recognized amounts of identifiable assets acquired and liabilities assumed:        
Intangibles   $ 1,437