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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 Income (Loss)
Beginning balance at Dec. 31, 2016 $ 143,748 $ 53 $ 45,603 $ 124,111 $ (15,265) $ (10,754)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 7,430     7,430    
Other comprehensive income (loss) 2,251         2,251
Restricted stock awards 210   210      
Distribution of treasury stock for directors' deferred compensation plan 11   (51)   62  
Distribution of shares of treasury stock granted for employee restricted stock awards, net 0   (260)   260  
Restricted stock units for directors' deferred compensation plan 98   98      
Cash dividends declared (4,925)     (4,925)    
Distribution of shares of treasury stock for directors' compensation 269   68   201  
Distribution of shares of treasury stock for employee compensation 200   50   150  
Sale of shares of treasury stock [1] 582   206   376  
Repurchase of common stock (61)       (61)  
Forfeiture of restricted stock awards 0   43   (43)  
Reclassification of stranded tax effects in AOCI 0     1,837   (1,837)
Ending balance at Dec. 31, 2017 149,813 53 45,967 128,453 (14,320) (10,340)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 19,626     19,626    
Other comprehensive income (loss) (869)         (869)
Restricted stock awards 405   405      
Distribution of treasury stock for directors' deferred compensation plan 218   (722)   940  
Distribution of shares of treasury stock granted for employee restricted stock awards, net 0   (370)   370  
Restricted stock units for directors' deferred compensation plan 67   67      
Cash dividends declared (4,990)     (4,990)    
Distribution of shares of treasury stock for directors' compensation 301   147   154  
Distribution of shares of treasury stock for employee compensation 89   44   45  
Sale of shares of treasury stock [1] 643   282   361  
Repurchase of common stock (112)       (112)  
Ending balance at Dec. 31, 2018 165,029 53 45,820 143,129 (12,562) (11,411)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 15,609     15,609    
Other comprehensive income (loss) 5,612         5,612
Restricted stock awards 503   503      
Distribution of treasury stock for directors' deferred compensation plan 13   (52)   65  
Distribution of shares of treasury stock granted for employee restricted stock awards, net 0   (353)   353  
Restricted stock units for directors' deferred compensation plan 42   42      
Cash dividends declared (5,037)     (5,037)    
Distribution of shares of treasury stock for directors' compensation 356   139   217  
Distribution of shares of treasury stock for employee compensation 100   39   61  
Sale of shares of treasury stock [1] 585   244   341  
Repurchase of common stock (185)       (185)  
Ending balance at Dec. 31, 2019 $ 182,627 $ 53 $ 46,382 $ 153,701 $ (11,710) $ (5,799)
[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.