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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, 2017 $ 149,813 $ 53 $ 45,967 $ 128,453 $ (14,320) $ (10,340)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 13,896     13,896    
Other comprehensive loss (4,745)         (4,745)
Restricted stock awards 301   301      
Restricted stock units for directors' deferred compensation plan 57   57      
Cash dividends declared (3,735)     (3,735)    
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 shares of treasury stock for deferred directors' compensation 218   (722)   940  
Sale of treasury stock [1] 466   212   254  
Ending balances at Sep. 30, 2018 156,499 53 46,006 138,654 (12,927) (15,287)
Beginning balances at Jun. 30, 2018 151,780 53 45,873 132,973 (12,998) (14,121)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 6,930     6,930    
Other comprehensive loss (1,166)         (1,166)
Restricted stock awards 69   69      
Restricted stock units for directors' deferred compensation plan 10   10      
Cash dividends declared (1,249)     (1,249)    
Sale of treasury stock [2] 125   54   71  
Ending balances at Sep. 30, 2018 156,499 53 46,006 138,654 (12,927) (15,287)
Beginning balances at Dec. 31, 2018 165,029 53 45,820 143,129 (12,562) (11,411)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 11,405     11,405    
Other comprehensive loss 8,135         8,135
Restricted stock awards 296   296      
Restricted stock units for directors' deferred compensation plan 31   31      
Distribution of shares of treasury stock grants for employee restricted stock awards 11       11  
Cash dividends declared (3,775)     (3,775)    
Distribution of treasury stock for directors' compensation 357   139   218  
Distribution of shares of treasury stock for employee stock compensation 100   39   61  
Distribution of shares of treasury stock for deferred directors' compensation 13   (52)   65  
Repurchase of common stock (13)       (13)  
Sale of treasury stock [1] 455   191   264  
Ending balances at Sep. 30, 2019 182,044 53 46,464 150,759 (11,956) (3,276)
Beginning balances at Jun. 30, 2019 178,387 53 46,284 150,063 (12,062) (5,951)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 1,956     1,956    
Other comprehensive loss 2,675         2,675
Restricted stock awards 97   97      
Restricted stock units for directors' deferred compensation plan 10   10      
Cash dividends declared (1,260)     (1,260)    
Sale of treasury stock [2] 179   73   106  
Ending balances at Sep. 30, 2019 $ 182,044 $ 53 $ 46,464 $ 150,759 $ (11,956) $ (3,276)
[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.