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CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Loss
Beginning balances at Dec. 31, 2019 $ 182,627 $ 53 $ 46,382 $ 153,701 $ (11,710) $ (5,799)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 2,491     2,491    
Other comprehensive income 5,717         5,717
Restricted stock awards 125   125      
Restricted stock units for directors' deferred compensation plan 11   11      
Distribution of treasury stock grants for employee restricted stock awards 0   (7)   7  
Cash dividends declared (in dollars per share) (1,266)     (1,266)    
Distribution of treasury stock for directors' compensation 350   144   206  
Distribution of shares of treasury stock for employee stock compensation 100   41   59  
Repurchase of common stock (128)       (128)  
Sale of treasury stock [1] 420   53   367  
Forfeiture of shares of restricted stock awards 0   5   (5)  
Ending balances at Mar. 31, 2020 190,447 53 46,754 154,926 (11,204) (82)
Beginning balances at Dec. 31, 2020 199,699 53 46,764 168,006 (17,525) 2,401
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 6,530     6,530    
Other comprehensive income (10,153)         (10,153)
Restricted stock awards 136   136      
Restricted stock units for directors' deferred compensation plan 5   5      
Cash dividends declared (in dollars per share) (1,211)     (1,211)    
Distribution of treasury stock for directors' compensation 317   64   253  
Distribution of shares of treasury stock for employee stock compensation 132   27   105  
Repurchase of common stock (801)       (801)  
Sale of treasury stock [1] 130   29   101  
Ending balances at Mar. 31, 2021 $ 194,784 $ 53 $ 47,025 $ 173,325 $ (17,867) $ (7,752)
[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.