ACQUISITIONS (Tables)

3 Months Ended

Mar. 31, 2023

ACQUISITIONS

Summary of the estimated fair value of assets acquired and liabilities assumed

	2023						2022
(000s omitted)	Axiom		Other(1)		Total		Elmira		Other(2)		Total
Consideration:
Cash	$	1,819	$	242	$	2,061	$	82,179	$	3,477	$	85,656
Recognized amounts of identifiable assets acquired and liabilities assumed:
Cash and cash equivalents		0		0		0		84,988		0		84,988
Investment securities		0		0		0		11,305		0		11,305
Loans, net of allowance for credit losses on PCD loans		0		0		0		436,954		0		436,954
Premises and equipment, net		25		5		30		11,303		14		11,317
Accrued interest and fees receivable		0		0		0		882		0		882
Other assets		2		0		2		30,337		0		30,337
Core deposit intangibles		0		0		0		7,970		0		7,970
Other intangibles		531		118		649		0		3,014		3,014
Deposits		0		0		0		(522,295)		0		(522,295)
Other liabilities		(9)		0		(9)		(3,575)		0		(3,575)
Other Federal Home Loan Bank borrowings		0		0		0		(17,616)		0		(17,616)
Total identifiable assets, net		549		123		672		40,253		3,028		43,281
Goodwill	$	1,270	$	119	$	1,389	$	41,926	$	449	$	42,375

(1) Includes amounts for OneGroup acquisition completed in 2023.

(2) Includes amounts for all OneGroup acquisitions completed in 2022.

Schedule of loans acquired

(000s omitted)	PCD Loans
Par value of PCD loans at acquisition	$	2,184
Allowance for credit losses at acquisition		(71)
Non-credit discount at acquisition		(81)
Fair value of PCD loans at acquisition	$	2,032