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CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Loss
Beginning balances at Dec. 31, 2016 $ 143,748 $ 53 $ 45,603 $ 124,111 $ (15,265) $ (10,754)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 5,935     5,935    
Other comprehensive income 3,782         3,782
Restricted stock awards 107   107      
Restricted stock units for directors' deferred compensation plan 49   49      
Cash dividends declared (2,461)     (2,461)    
Distribution of treasury stock for directors' compensation 269   68   201  
Distribution of shares of treasury stock for employee stock compensation 200   50   150  
Distribution of treasury stock for deferred directors' compensation 11   (51)   62  
Sale of treasury stock [1] 322   97   225  
Forfeiture of 1,139 shares of restricted stock awards 0   43   (43)  
Ending balances at Jun. 30, 2017 151,962 53 45,966 127,585 (14,670) (6,972)
Beginning balances at Mar. 31, 2017           (8,756)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 2,956          
Other comprehensive income 1,784         1,784
Ending balances at Jun. 30, 2017 151,962 53 45,966 127,585 (14,670) (6,972)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Cumulative effect of account change [2] (162)     40   (202)
Balances at January 1, 2018, as adjusted 149,651 53 45,967 128,493 (14,320) (10,542)
Beginning balances at Dec. 31, 2017 149,813 53 45,967 128,453 (14,320) (10,340)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 6,966     6,966    
Other comprehensive income (3,579)         (3,579)
Restricted stock awards 232   232      
Restricted stock units for directors' deferred compensation plan 47   47      
Cash dividends declared (2,486)     (2,486)    
Distribution of treasury stock for directors' compensation 301   147   154  
Distribution of shares of treasury stock for employee stock compensation 89   44   45  
Distribution of treasury stock for deferred directors' compensation 218   (722)   940  
Sale of treasury stock [1] 341   158   183  
Ending balances at Jun. 30, 2018 151,780 53 45,873 132,973 (12,998) (14,121)
Beginning balances at Mar. 31, 2018           (13,836)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 2,527          
Other comprehensive income (285)         (285)
Ending balances at Jun. 30, 2018 $ 151,780 $ 53 $ 45,873 $ 132,973 $ (12,998) $ (14,121)
[1] All treasury stock sales were completed at the prevailing market price with the Chemung Canal Trust Company Profit Sharing, Savings, and Investment Plan which is a defined contribution plan sponsored by the Bank.
[2] Due to implementation of ASC 2016-01. See "Adoption of New Accounting Standards" discussion in Note 1.