XML 50 R37.htm IDEA: XBRL DOCUMENT v3.20.2
ACQUISITIONS, Estimated Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Thousands
Jun. 12, 2020
Sep. 18, 2019
Jul. 12, 2019
Jun. 30, 2020
Dec. 31, 2019
Jun. 30, 2019
Consideration paid [Abstract]            
Cash   $ 500 $ 95,034      
Community Bank System, Inc. common stock     0      
Total net consideration paid     95,034      
Recognized amounts of identifiable assets acquired and liabilities assumed [Abstract]            
Cash and cash equivalents     90,381      
Investment securities     39,770      
Loans, net of allowance for credit losses on PCD loans [1]     479,877      
Premises and equipment, net     13,970      
Accrued interest and fees receivable     1,130      
Other assets     14,109      
Deposits     (568,161)      
Other liabilities     (2,922)      
Other Federal Home Loan Bank borrowings     (2,420)      
Subordinated notes payable     (13,831)      
Subordinated debt held by unconsolidated subsidiary trusts     (2,062)      
Total identifiable assets, net     55,064      
Goodwill     39,970 $ 792,715 $ 773,810 $ 733,503
Core Deposit Intangibles [Member]            
Recognized amounts of identifiable assets acquired and liabilities assumed [Abstract]            
Intangibles     3,573      
Other Intangibles [Member]            
Recognized amounts of identifiable assets acquired and liabilities assumed [Abstract]            
Intangibles     1,650      
Steuben [Member]            
Consideration paid [Abstract]            
Cash $ 21,613          
Community Bank System, Inc. common stock 76,942          
Total net consideration paid 98,555          
Recognized amounts of identifiable assets acquired and liabilities assumed [Abstract]            
Cash and cash equivalents 55,973          
Investment securities 180,497          
Loans, net of allowance for credit losses on PCD loans [1] 339,164          
Premises and equipment, net 8,307          
Accrued interest and fees receivable 2,712          
Other assets 19,303          
Deposits (516,269)          
Other liabilities (6,436)          
Other Federal Home Loan Bank borrowings (6,000)          
Subordinated notes payable 0          
Subordinated debt held by unconsolidated subsidiary trusts (2,062)          
Total identifiable assets, net 79,313          
Goodwill 19,242          
Steuben [Member] | Core Deposit Intangibles [Member]            
Recognized amounts of identifiable assets acquired and liabilities assumed [Abstract]            
Intangibles 2,928          
Steuben [Member] | Other Intangibles [Member]            
Recognized amounts of identifiable assets acquired and liabilities assumed [Abstract]            
Intangibles $ 1,196          
Kinderhook Bank Corp [Member]            
Consideration paid [Abstract]            
Cash     93,384      
Community Bank System, Inc. common stock     0      
Total net consideration paid     93,384      
Recognized amounts of identifiable assets acquired and liabilities assumed [Abstract]            
Cash and cash equivalents     90,381      
Investment securities     39,770      
Loans, net of allowance for credit losses on PCD loans [1]     479,877      
Premises and equipment, net     13,970      
Accrued interest and fees receivable     1,130      
Other assets     14,109      
Deposits     (568,161)      
Other liabilities     (2,922)      
Other Federal Home Loan Bank borrowings     (2,420)      
Subordinated notes payable     (13,831)      
Subordinated debt held by unconsolidated subsidiary trusts     (2,062)      
Total identifiable assets, net     53,414      
Goodwill     39,970      
Kinderhook Bank Corp [Member] | Core Deposit Intangibles [Member]            
Recognized amounts of identifiable assets acquired and liabilities assumed [Abstract]            
Intangibles     3,573      
Kinderhook Bank Corp [Member] | Other Intangibles [Member]            
Recognized amounts of identifiable assets acquired and liabilities assumed [Abstract]            
Intangibles     0      
Other [Member]            
Consideration paid [Abstract]            
Cash [2]     1,650      
Community Bank System, Inc. common stock [2]     0      
Total net consideration paid [2]     1,650      
Recognized amounts of identifiable assets acquired and liabilities assumed [Abstract]            
Cash and cash equivalents [2]     0      
Investment securities [2]     0      
Loans, net of allowance for credit losses on PCD loans [1],[2]     0      
Premises and equipment, net [2]     0      
Accrued interest and fees receivable [2]     0      
Other assets [2]     0      
Deposits [2]     0      
Other liabilities [2]     0      
Other Federal Home Loan Bank borrowings [2]     0      
Subordinated notes payable [2]     0      
Subordinated debt held by unconsolidated subsidiary trusts [2]     0      
Total identifiable assets, net [2]     1,650      
Goodwill [2]     0      
Other [Member] | Core Deposit Intangibles [Member]            
Recognized amounts of identifiable assets acquired and liabilities assumed [Abstract]            
Intangibles [2]     0      
Other [Member] | Other Intangibles [Member]            
Recognized amounts of identifiable assets acquired and liabilities assumed [Abstract]            
Intangibles [2]     $ 1,650      
[1] Acquisition-related allowance for credit losses on purchased credit deteriorated (“PCD”) loans applicable beginning in 2020.
[2] Includes amounts related to both acquisitions completed by CISI in 2019.