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ACQUISITIONS (Tables) | 3 Months Ended
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Mar. 31, 2017
ACQUISITIONS [Abstract] |
Estimated Fair Value of Assets Acquired and Liabilities Assumed | The following table summarizes the estimated fair value of the assets acquired and liabilities assumed after considering the measurement period adjustments described above:
|  | 2017 |  |  | 2016 |
(000s omitted) |  | BAS |  |  | NRS |  |  | Dryfoos |  |  | Total |  |  | WJL |
Consideration paid : |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 1,200 |  |  | $ | 70,073 |  |  | $ | 3,307 |  |  | $ | 74,580 |  |  | $ | 575 |
Community Bank System, Inc. common stock |  |  | 0 |  |  |  | 78,483 |  |  |  | 0 |  |  |  | 78,483 |  |  |  | 0 |
Total net consideration paid |  |  | 1,200 |  |  |  | 148,556 |  |  |  | 3,307 |  |  |  | 153,063 |  |  |  | 575 |
Recognized amounts of identifiable assets acquired and liabilities assumed: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | 0 |  |  |  | 11,063 |  |  |  | 0 |  |  |  | 11,063 |  |  |  | 0 |
Investment securities |  |  | 0 |  |  |  | 20,294 |  |  |  | 0 |  |  |  | 20,294 |  |  |  | 0 |
Premises and equipment |  |  | 0 |  |  |  | 411 |  |  |  | 0 |  |  |  | 411 |  |  |  | 0 |
Accrued interest receivable |  |  | 0 |  |  |  | 75 |  |  |  | 0 |  |  |  | 75 |  |  |  | 0 |
Other assets |  |  | 0 |  |  |  | 10,819 |  |  |  | 0 |  |  |  | 10,819 |  |  |  | 0 |
Other intangibles |  |  | 1,200 |  |  |  | 60,200 |  |  |  | 1,657 |  |  |  | 63,057 |  |  |  | 288 |
Other liabilities |  |  | 0 |  |  |  | (30,500 | ) |  |  | 0 |  |  |  | (30,500 | ) |  |  | 0 |
Total identifiable assets, net |  |  | 1,200 |  |  |  | 72,362 |  |  |  | 1,657 |  |  |  | 75,219 |  |  |  | 288 |
Goodwill |  | $ | 0 |  |  | $ | 76,194 |  |  | $ | 1,650 |  |  | $ | 77,844 |  |  | $ | 287 |
Pro Forma Financial Information | The pro forma information set forth below reflects the historical results of NRS combined with the Company’s consolidated statement of income with adjustments related to amortization of customer lists intangibles.
(000’s omitted) |  | Pro Forma (Unaudited) Three Months Ended March 31, 2016 |
Total revenue, net of interest expense |  | $ | 112,694 |
Net income |  |  | 24,358 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
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