BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2021

BORROWINGS

Schedule of outstanding borrowings

Outstanding borrowings at December 31 are as follows:

(000’s omitted)	2021		2020
Subordinated notes payable, includes premium of $277 and $303, respectively	$	3,277	$	3,303
Subordinated debt held by unconsolidated subsidiary trusts		0		77,320
Securities sold under agreement to repurchase, short term		324,720		284,008
Other FHLB borrowings		1,888		6,658
Total borrowings	$	329,885	$	371,289

Schedule of borrowings by contractual maturity dates

Borrowings at December 31, 2021 have contractual maturity dates as follows:

			Weighted-average
	Carrying		Rate at
(000’s omitted, except rate)	Value		December 31, 2021
January 2, 2022	$	324,720	0.27	%
February 8, 2023		190	1.79	%
July 3, 2023		497	2.25	%
October 23, 2023		395	1.50	%
October 1, 2025		275	1.50	%
February 28, 2028		3,277	4.67	%
March 1, 2029		531	2.50	%
Total	$	329,885	0.32	%