PARENT COMPANY FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Parent Company Statement of Financial Position

Condensed parent company only financial statement information of Chemung Financial Corporation is as follows (investment in subsidiaries is recorded using the equity method of accounting) (in thousands):

BALANCE SHEETS - DECEMBER 31	2015		2014
Assets:
Cash on deposit with subsidiary bank	$	1,795	$	3,200
Investment in subsidiary - Chemung Canal Trust Company	133,263		128,081
Investment in subsidiary - CFS Group, Inc.	994		908
Dividends receivable from subsidiary bank	1,214		1,204
Securities available for sale, at estimated fair value	337		346
Other assets	907		1,129
Total assets	$	138,510	$	134,868
Liabilities and shareholders' equity:
Dividends payable	1,214		1,204
Other liabilities	54		36
Total liabilities	1,268		1,240
Shareholders' equity:
Total shareholders' equity	137,242		133,628
Total liabilities and shareholders' equity	$	138,510	$	134,868

Parent Company Statement of Income

STATEMENTS OF INCOME - YEARS ENDED DECEMBER 31	2015			2014			2013
Dividends from subsidiary bank	$	2,424		$	4,805		$	4,778
Interest and dividend income	9			10			9
Other income	—			—			132
Operating expenses	270			261			324
Income before impact of subsidiaries' undistributed earnings	2,163			4,554			4,595
Equity in undistributed earnings of Chemung Canal Trust Company	7,015			3,307			3,873
Equity in undistributed earnings of CFS Group, Inc.	86			129			139
Income before income tax	9,264			7,990			8,607
Income tax benefit	(169		)	(167		)	(124		)
Net Income	$	9,433		$	8,157		$	8,731

Parent Company Statement of Cash Flows

STATEMENTS OF CASH FLOWS - YEARS ENDED DECEMBER 31	2015			2014			2013
Cash flows from operating activities:
Net Income	$	9,433		$	8,157		$	8,731
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of Chemung Canal Trust Company	(7,015		)	(3,307		)	(3,873		)
Equity in undistributed earnings of CFS Group, Inc.	(86		)	(129		)	(139		)
Change in dividend receivable	(10		)	(9		)	(1,195		)
Change in other assets	222			126			558
Change in other liabilities	(23		)	110			79
Expense related to employee stock compensation	93			117			112
Expense related to restricted stock units for directors' deferred compensation plan	95			94			99
Expense to employee restricted stock awards	314			151			131
Net cash provided by operating activities	3,023			5,310			4,503
Cash flow from financing activities:
Cash dividends paid	(4,833		)	(4,796		)	(3,583		)
Purchase of treasury stock	(33		)	—			(93		)
Sale of treasury stock	438			—			71
Net cash used in financing activities	(4,428		)	(4,796		)	(3,605		)
Increase (decrease) in cash and cash equivalents	(1,405		)	514			898
Cash and cash equivalents at beginning of year	3,200			2,686			1,788
Cash and cash equivalents at end of year	$	1,795		$	3,200		$	2,686