XML 48 R36.htm IDEA: XBRL DOCUMENT v3.20.2
ACQUISITIONS - Estimated Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Thousands
Jun. 12, 2020
Jul. 12, 2019
Sep. 30, 2020
Dec. 31, 2019
Sep. 30, 2019
Consideration paid [Abstract]          
Cash   $ 95,034      
Community Bank System, Inc. common stock   0      
Total net consideration paid   95,034      
Recognized amounts of identifiable assets acquired and liabilities assumed [Abstract]          
Cash and cash equivalents   90,381      
Investment securities   39,770      
Loans, net of allowance for credit losses on PCD loans   479,877      
Premises and equipment, net   13,970      
Accrued interest and fees receivable   1,130      
Other assets   14,109      
Deposits   (568,161)      
Other liabilities   (2,922)      
Other Federal Home Loan Bank borrowings   (2,420)      
Subordinated notes payable   (13,831)      
Subordinated debt held by unconsolidated subsidiary trusts   (2,062)      
Total identifiable assets, net   55,064      
Goodwill   39,970 $ 793,749 $ 773,810 $ 773,610
Core Deposit Intangibles [Member]          
Recognized amounts of identifiable assets acquired and liabilities assumed [Abstract]          
Intangibles   3,573      
Other Intangibles [Member]          
Recognized amounts of identifiable assets acquired and liabilities assumed [Abstract]          
Intangibles   1,650      
Steuben          
Consideration paid [Abstract]          
Cash $ 21,613        
Community Bank System, Inc. common stock 76,942        
Total net consideration paid 98,555        
Recognized amounts of identifiable assets acquired and liabilities assumed [Abstract]          
Cash and cash equivalents 55,973        
Investment securities 180,497        
Loans, net of allowance for credit losses on PCD loans 339,017        
Premises and equipment, net 7,764        
Accrued interest and fees receivable 2,712        
Other assets 17,633        
Deposits (516,274)        
Other liabilities (5,105)        
Other Federal Home Loan Bank borrowings (6,000)        
Subordinated notes payable 0        
Subordinated debt held by unconsolidated subsidiary trusts (2,062)        
Total identifiable assets, net 78,279        
Goodwill 20,276        
Steuben | Core Deposit Intangibles [Member]          
Recognized amounts of identifiable assets acquired and liabilities assumed [Abstract]          
Intangibles 2,928        
Steuben | Other Intangibles [Member]          
Recognized amounts of identifiable assets acquired and liabilities assumed [Abstract]          
Intangibles $ 1,196        
Kinderhook Bank Corp          
Consideration paid [Abstract]          
Cash   93,384      
Community Bank System, Inc. common stock   0      
Total net consideration paid   93,384      
Recognized amounts of identifiable assets acquired and liabilities assumed [Abstract]          
Cash and cash equivalents   90,381      
Investment securities   39,770      
Loans, net of allowance for credit losses on PCD loans   479,877      
Premises and equipment, net   13,970      
Accrued interest and fees receivable   1,130      
Other assets   14,109      
Deposits   (568,161)      
Other liabilities   (2,922)      
Other Federal Home Loan Bank borrowings   (2,420)      
Subordinated notes payable   (13,831)      
Subordinated debt held by unconsolidated subsidiary trusts   (2,062)      
Total identifiable assets, net   53,414      
Goodwill   39,970      
Kinderhook Bank Corp | Core Deposit Intangibles [Member]          
Recognized amounts of identifiable assets acquired and liabilities assumed [Abstract]          
Intangibles   3,573      
Kinderhook Bank Corp | Other Intangibles [Member]          
Recognized amounts of identifiable assets acquired and liabilities assumed [Abstract]          
Intangibles   0      
Other          
Consideration paid [Abstract]          
Cash   1,650      
Community Bank System, Inc. common stock   0      
Total net consideration paid   1,650      
Recognized amounts of identifiable assets acquired and liabilities assumed [Abstract]          
Cash and cash equivalents   0      
Investment securities   0      
Loans, net of allowance for credit losses on PCD loans   0      
Premises and equipment, net   0      
Accrued interest and fees receivable   0      
Other assets   0      
Deposits   0      
Other liabilities   0      
Other Federal Home Loan Bank borrowings   0      
Subordinated notes payable   0      
Subordinated debt held by unconsolidated subsidiary trusts   0      
Total identifiable assets, net   1,650      
Goodwill   0      
Other | Core Deposit Intangibles [Member]          
Recognized amounts of identifiable assets acquired and liabilities assumed [Abstract]          
Intangibles   0      
Other | Other Intangibles [Member]          
Recognized amounts of identifiable assets acquired and liabilities assumed [Abstract]          
Intangibles   $ 1,650