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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, 2020 $ 199,699 $ 53 $ 46,764 $ 168,006 $ (17,525) $ 2,401
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 26,425     26,425    
Other comprehensive income (loss) (8,931)         (8,931)
Restricted stock awards 535   535      
Distribution of treasury stock for directors' deferred compensation plan 3   (72)   75  
Distribution of shares of treasury stock granted for employee restricted stock awards, net 0   (578)   578  
Restricted stock units for directors' deferred compensation plan 19   19      
Cash dividends declared (5,554)     (5,554)    
Distribution of shares of treasury stock for directors' compensation 317   64   253  
Distribution of shares of treasury stock for employee compensation 132   27   105  
Sale of shares of treasury stock [1] 426   142   284  
Repurchase of common stock (1,616)       (1,616)  
Ending 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 28,783     28,783    
Other comprehensive income (loss) (68,727)         (68,727)
Restricted stock awards 795   795      
Distribution of shares of treasury stock granted for employee restricted stock awards, net 0   (712)   712  
Restricted stock units for directors' deferred compensation plan 20   20      
Cash dividends declared (5,801)     (5,801)    
Distribution of shares of treasury stock for directors' compensation 375   131   244  
Sale of shares of treasury stock [1] 424   158   266  
Repurchase of common stock (933)       (933)  
Forfeiture of restricted stock awards (3)   38   (41)  
Ending balance at Dec. 31, 2022 $ 166,388 $ 53 $ 47,331 $ 211,859 $ (17,598) $ (75,257)
[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.