SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2020

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 All Other as its reportable operating business segments.  Community Bank, N.A. (the “Bank” or “CBNA”) operates the Banking segment that provides full-service banking to consumers, businesses, and governmental units in Upstate New York as well as Northeastern Pennsylvania, Vermont and Western Massachusetts.  Employee Benefit Services, which includes the operating subsidiaries Benefit Plans Administrative Services, LLC, BPAS Actuarial and Pension Services, LLC, BPAS Trust Company of Puerto Rico, Northeast Retirement Services, LLC (“NRS”), Global Trust Company, Inc. (“GTC”), and Hand Benefits & Trust Company, provides employee benefit trust, collective investment fund, retirement plan administration, fund administration, transfer agency, actuarial, VEBA/HRA, and health and welfare consulting services.  The All Other segment is comprised of: (a) wealth management services including trust services provided by the personal trust unit within the Bank, broker-dealer and investment advisory services provided by CISI, The Carta Group, Inc. and OneGroup Wealth Partners, Inc. as well as asset management provided by Nottingham Advisors, Inc., and (b) full-service insurance, risk management and employee benefit services provided by OneGroup.  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, 2019 filed with the SEC on March 2, 2020).

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

(000’s omitted)	Banking		Employee Benefit Services		All Other		Eliminations			Consolidated Total
Three Months Ended June 30, 2020
Net interest income	$	91,645	$	246	$	60	$	0		$	91,951
Provision for credit losses		9,774		0		0		0			9,774
Noninterest revenues		14,991		24,504		14,817		(1,374	)		52,938
Amortization of intangible assets		1,364		1,411		749		0			3,524
Acquisition expenses		3,372		0		0		0			3,372
Other operating expenses		59,130		14,948		11,303		(1,374	)		84,007
Income before income taxes	$	32,996	$	8,391	$	2,825	$	0		$	44,212
Assets	$	13,272,929	$	216,122	$	78,022	$	(122,856	)	$	13,444,217
Goodwill	$	689,128	$	83,275	$	20,312	$	0		$	792,715
Core deposit intangibles & Other intangibles	$	16,565	$	34,870	$	8,611	$	0		$	60,046
Three Months Ended June 30, 2019
Net interest income	$	88,127	$	131	$	42	$	0		$	88,300
Provision for credit losses		1,400		0		0		0			1,400
Noninterest revenues		21,921		24,839		15,159		(1,213	)		60,706
Amortization of intangible assets		1,375		1,669		860		0			3,904
Acquisition expenses		1,194		0		0		0			1,194
Other operating expenses		60,578		15,405		11,308		(1,213	)		86,078
Income before income taxes	$	45,501	$	7,896	$	3,033	$	0		$	56,430
Assets	$	10,534,555	$	206,178	$	72,862	$	(68,207	)	$	10,745,388
Goodwill	$	629,916	$	83,275	$	20,312	$	0		$	733,503
Core deposit intangibles & Other intangibles	$	15,738	$	41,107	$	10,167	$	0		$	67,012

(000’s omitted)	Banking		Employee Benefit Services		All Other		Eliminations			Consolidated Total
Six Months Ended  June 30, 2020
Net interest income	$	181,409	$	486	$	110	$	0		$	182,005
Provision for credit losses		15,368		0		0		0			15,368
Noninterest revenues		33,672		50,429		30,352		(2,893	)		111,560
Amortization of intangible assets		2,781		2,905		1,505		0			7,191
Acquisition expenses		3,741		0		0		0			3,741
Other operating expenses		123,330		30,079		23,118		(2,893	)		173,634
Income before income taxes	$	69,861	$	17,931	$	5,839	$	0		$	93,631
Six Months Ended June 30, 2019
Net interest income	$	174,842	$	239	$	78	$	0		$	175,159
Provision for credit losses		3,822		0		0		0			3,822
Noninterest revenues		39,269		49,509		29,606		(1,982	)		116,402
Amortization of intangible assets		2,858		3,438		1,738		0			8,034
Acquisition expenses		1,728		0		0		0			1,728
Other operating expenses		120,347		29,684		22,017		(1,982	)		170,066
Income before income taxes	$	85,356	$	16,626	$	5,929	$	0		$	107,911