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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 balance at Dec. 31, 2020 $ 199,699 $ 53 $ 46,764 $ 168,006 $ (17,525) $ 2,401
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 13,325     13,325    
Other comprehensive income (6,259)         (6,259)
Restricted stock awards 223   223      
Restricted stock units for directors' deferred compensation plan 9   9      
Cash dividends declared (2,658)     (2,658)    
Distribution of shares of treasury stock for directors' compensation 317   64   253  
Distribution of shares of treasury stock for employee compensation 132   27   105  
Distribution of shares of treasury stock for deferred directors' compensation 3   (72)   75  
Repurchase of shares of common stock (1,046)       (1,046)  
Sale of shares of treasury stock [1] 232   66   166  
Ending balance at Jun. 30, 2021 203,977 53 47,081 178,673 (17,972) (3,858)
Beginning balance at Mar. 31, 2021 194,784 53 47,025 173,325 (17,867) (7,752)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 6,795     6,795    
Other comprehensive income 3,894         3,894
Restricted stock awards 87   87      
Restricted stock units for directors' deferred compensation plan 4   4      
Cash dividends declared (1,447)     (1,447)    
Distribution of shares of treasury stock for directors' compensation 3   (72)   75  
Repurchase of shares of common stock (245)       (245)  
Sale of shares of treasury stock [1] 102   37   65  
Ending balance at Jun. 30, 2021 203,977 53 47,081 178,673 (17,972) (3,858)
Beginning balance at Dec. 31, 2021 211,455 53 46,901 188,877 (17,846) (6,530)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 14,891     14,891    
Other comprehensive income (48,815)         (48,815)
Restricted stock awards 333   333      
Restricted stock units for directors' deferred compensation plan 100   100      
Cash dividends declared (2,898)     (2,898)    
Distribution of shares of treasury stock grants for employee restricted stock awards 0   (112)   112  
Distribution of shares of treasury stock for directors' compensation 105   (139)   244  
Repurchase of shares of common stock (695)       (695)  
Sale of shares of treasury stock [1] 216   83   133  
Forfeiture of 681 shares of restricted stock awards (2)   30   (32)  
Ending balance at Jun. 30, 2022 174,690 53 47,196 200,870 (18,084) (55,345)
Beginning balance at Mar. 31, 2022 185,510 53 46,880 194,295 (18,113) (37,605)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 8,024     8,024    
Other comprehensive income (17,740)         (17,740)
Restricted stock awards 154   154      
Restricted stock units for directors' deferred compensation plan 95   95      
Cash dividends declared (1,449)     (1,449)    
Sale of shares of treasury stock [1] 98   37   61  
Forfeiture of 681 shares of restricted stock awards (2)   30   (32)  
Ending balance at Jun. 30, 2022 $ 174,690 $ 53 $ 47,196 $ 200,870 $ (18,084) $ (55,345)
[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.