XML 39 R47.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

PARENT COMPANY STATEMENTS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
PARENT COMPANY STATEMENTS [Abstract] |
Condensed Statements of Condition of Parent Company | The condensed statements of condition of the parent company, Community Bank System, Inc., at December 31 are as follows:
(000's omitted) |  | 2019 |  |  | 2018 |
Assets: |  |  |  |  |  |
Cash and cash equivalents |  | $ | 180,663 |  |  | $ | 116,133 |
Investment securities |  |  | 2,853 |  |  |  | 3,452 |
Investment in and advances to: |  |  |  |  |  |  |  |
Bank subsidiary |  |  | 1,594,790 |  |  |  | 1,522,109 |
Non-bank subsidiaries |  |  | 180,487 |  |  |  | 182,617 |
Other assets |  |  | 12,406 |  |  |  | 8,957 |
Total assets |  | $ | 1,971,199 |  |  | $ | 1,833,268 |
Liabilities and shareholders' equity: |  |  |  |  |  |  |  |
Accrued interest and other liabilities |  | $ | 24,850 |  |  | $ | 21,546 |
Borrowings |  |  | 91,115 |  |  |  | 97,939 |
Shareholders' equity |  |  | 1,855,234 |  |  |  | 1,713,783 |
Total liabilities and shareholders' equity |  | $ | 1,971,199 |  |  | $ | 1,833,268 |
Condensed Statements of Income of Parent Company | The condensed statements of income of the parent company for the years ended December 31 is as follows:
(000's omitted) |  | 2019 |  |  | 2018 |  |  | 2017 |
Revenues: |  |  |  |  |  |  |  |  |
Dividends from subsidiaries: |  |  |  |  |  |  |  |  |
Bank subsidiary |  | $ | 115,000 |  |  | $ | 98,000 |  |  | $ | 91,000 |
Non-bank subsidiaries |  |  | 27,600 |  |  |  | 9,250 |  |  |  | 35,500 |
Interest and dividends on investments |  |  | 134 |  |  |  | 161 |  |  |  | 133 |
Total revenues |  |  | 142,734 |  |  |  | 107,411 |  |  |  | 126,633 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Interest on borrowings |  |  | 4,244 |  |  |  | 4,677 |  |  |  | 3,904 |
Acquisition expenses |  |  | 1,248 |  |  |  | 0 |  |  |  | 91 |
Loss on debt prepayment |  |  | 0 |  |  |  | 318 |  |  |  | 0 |
Other expenses |  |  | 477 |  |  |  | 131 |  |  |  | 26 |
Total expenses |  |  | 5,969 |  |  |  | 5,126 |  |  |  | 4,021 |
Income before tax benefit and equity in undistributed net income of subsidiaries |  |  | 136,765 |  |  |  | 102,285 |  |  |  | 122,612 |
Income tax benefit |  |  | 4,545 |  |  |  | 1,330 |  |  |  | 1,930 |
Income before equity in undistributed net income of subsidiaries |  |  | 141,310 |  |  |  | 103,615 |  |  |  | 124,542 |
Equity in undistributed net income of subsidiaries |  |  | 27,753 |  |  |  | 65,026 |  |  |  | 26,175 |
Net income |  | $ | 169,063 |  |  | $ | 168,641 |  |  | $ | 150,717 |
Other comprehensive income/(loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |
Changes in other comprehensive (loss)/income related to pension and other post retirement obligations |  |  | (2,045 | ) |  |  | (11,204 | ) |  |  | 168 |
Changes in other comprehensive income/(loss) related to unrealized losses on available-for-sale securities |  |  | 37,124 |  |  |  | (30,402 | ) |  |  | (11,065 | )
Other comprehensive income/(loss) |  |  | 35,079 |  |  |  | (41,606 | ) |  |  | (10,897 | )
Comprehensive income |  | $ | 204,142 |  |  | $ | 127,035 |  |  | $ | 139,820 |
Statements of Cash Flows of Parent Company | The statements of cash flows of the parent company for the years ended December 31 is as follows:
(000's omitted) |  | 2019 |  |  | 2018 |  |  | 2017 |
Operating activities: |  |  |  |  |  |  |  |  |
Net income |  | $ | 169,063 |  |  | $ | 168,641 |  |  | $ | 150,717 |
Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed net income of subsidiaries |  |  | (27,753 | ) |  |  | (65,026 | ) |  |  | (26,175 | )
Net change in other assets and other liabilities |  |  | 86 |  |  |  | (1,084 | ) |  |  | 1,870 |
Net cash provided by operating activities |  |  | 141,396 |  |  |  | 102,531 |  |  |  | 126,412 |
Investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from redemption of investment securities |  |  | 0 |  |  |  | 776 |  |  |  | 0 |
Cash paid for acquisitions, net of cash acquired of $1,328, $0, and $150,534, respectively |  |  | (92,056 | ) |  |  | 0 |  |  |  | (139,471 | )
Return of capital from/(capital contributions to) |  |  | 100,680 |  |  |  | 0 |  |  |  | (11,063 | )
Net cash provided by/(used in) investing activities |  |  | 8,624 |  |  |  | 776 |  |  |  | (150,534 | )
Financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Repayment of advances from subsidiaries |  |  | (1,652 | ) |  |  | 0 |  |  |  | 0 |
Repayment of borrowings |  |  | (22,681 | ) |  |  | (25,207 | ) |  |  | 0 |
Issuance of common stock |  |  | 12,200 |  |  |  | 12,507 |  |  |  | 9,700 |
Purchase of treasury stock |  |  | (286 | ) |  |  | (298 | ) |  |  | (3,306 | )
Sale of treasury stock |  |  | 6,884 |  |  |  | 12,561 |  |  |  | 10,060 |
Increase in deferred compensation arrangements |  |  | 286 |  |  |  | 298 |  |  |  | 3,306 |
Cash dividends paid |  |  | (80,241 | ) |  |  | (71,495 | ) |  |  | (62,305 | )
Net cash used in financing activities |  |  | (85,490 | ) |  |  | (71,634 | ) |  |  | (42,545 | )
Change in cash and cash equivalents |  |  | 64,530 |  |  |  | 31,673 |  |  |  | (66,667 | )
Cash and cash equivalents at beginning of year |  |  | 116,133 |  |  |  | 84,460 |  |  |  | 151,127 |
Cash and cash equivalents at end of year |  | $ | 180,663 |  |  | $ | 116,133 |  |  | $ | 84,460 |
Supplemental disclosures of cash flow information: |  |  |  |  |  |  |  |  |  |  |  |
Cash paid for interest |  | $ | 4,306 |  |  | $ | 4,857 |  |  | $ | 3,826 |
Supplemental disclosures of noncash financing activities |  |  |  |  |  |  |  |  |  |  |  |
Dividends declared and unpaid |  | $ | 21,342 |  |  | $ | 19,808 |  |  | $ | 17,460 |
Advances from subsidiaries |  |  | 1,691 |  |  |  | 0 |  |  |  | 0 |
Capital contributions to subsidiaries |  |  | 0 |  |  |  | 0 |  |  |  | 513,769 |
Common stock issued for acquisition |  |  | 0 |  |  |  | 0 |  |  |  | 343,132 |

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration