XML 17 R5.htm IDEA: XBRL DOCUMENT v3.21.2
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 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 14,029     14,029    
Other comprehensive (loss) income 7,441         7,441
Restricted stock awards 431   431      
Restricted stock units for directors' deferred compensation plan 25   25      
Distribution of treasury stock grants for employee restricted stock awards 0   (7)   7  
Cash dividends declared (3,743)     (3,743)    
Distribution of treasury stock for directors' compensation 350   144   206  
Distribution of shares of treasury stock for employee stock compensation 100   41   59  
Distribution of shares of treasury stock for deferred directors' compensation (12)   (180)   168  
Repurchase of common stock (5,137)       (5,137)  
Sale of treasury stock [1] 894   51   843  
Forfeiture of shares of restricted stock awards 0   5   (5)  
Ending balances at Sep. 30, 2020 197,005 53 46,892 163,987 (15,569) 1,642
Beginning balances at Jun. 30, 2020 194,589 53 46,758 159,505 (13,869) 2,142
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 5,711     5,711    
Other comprehensive (loss) income (500)         (500)
Restricted stock awards 125   125      
Restricted stock units for directors' deferred compensation plan 5   5      
Cash dividends declared (1,229)     (1,229)    
Repurchase of common stock (1,816)       (1,816)  
Sale of treasury stock [1] 120   4   116  
Ending balances at Sep. 30, 2020 197,005 53 46,892 163,987 (15,569) 1,642
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 19,971     19,971    
Other comprehensive (loss) income (9,467)         (9,467)
Restricted stock awards 307   307      
Restricted stock units for directors' deferred compensation plan 14   14      
Cash dividends declared (4,104)     (4,104)    
Distribution of treasury stock for directors' compensation 317   64   253  
Distribution of shares of treasury stock for employee stock compensation 132   27   105  
Distribution of shares of treasury stock for deferred directors' compensation 3   (72)   75  
Repurchase of common stock (1,050)       (1,050)  
Sale of treasury stock [1] 317   99   218  
Ending balances at Sep. 30, 2021 206,139 53 47,203 183,873 (17,924) (7,066)
Beginning balances at Jun. 30, 2021 203,977 53 47,081 178,673 (17,972) (3,858)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 6,646     6,646    
Other comprehensive (loss) income (3,208)         (3,208)
Restricted stock awards 84   84      
Restricted stock units for directors' deferred compensation plan 5   5      
Cash dividends declared (1,446)     (1,446)    
Repurchase of common stock (4)       (4)  
Sale of treasury stock [1] 85   33   52  
Ending balances at Sep. 30, 2021 $ 206,139 $ 53 $ 47,203 $ 183,873 $ (17,924) $ (7,066)
[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.