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SEGMENT INFORMATION | 3 Months Ended
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Mar. 31, 2021
SEGMENT INFORMATION |
SEGMENT INFORMATION | NOTE M: SEGMENT INFORMATION Operating segments are components of an enterprise, which are evaluated regularly by the “chief operating decision maker” in deciding how to allocate resources and assess performance. The Company’s chief operating decision maker is the President and Chief Executive Officer of the Company. The Company has identified Banking, Employee Benefit Services and All Other as its reportable operating business segments. Community Bank, N.A. (the “Bank” or “CBNA”) operates the Banking segment that provides full-service banking to consumers, businesses, and governmental units in Upstate New York as well as Northeastern Pennsylvania, Vermont and Western Massachusetts. Employee Benefit Services, which includes the operating subsidiaries Benefit Plans Administrative Services, LLC, BPAS Actuarial and Pension Services, LLC, BPAS Trust Company of Puerto Rico, Northeast Retirement Services, LLC (“NRS”), Global Trust Company, Inc. (“GTC”), and Hand Benefits & Trust Company, provides employee benefit trust, collective investment fund, retirement plan administration, fund administration, transfer agency, actuarial, VEBA/HRA, and health and welfare consulting services. The All Other segment is comprised of: (a) wealth management services including trust services provided by the personal trust unit within the Bank, broker-dealer and investment advisory services provided by Community Investment Services, Inc., The Carta Group, Inc. and OneGroup Wealth Partners, Inc. as well as asset management provided by Nottingham Advisors, Inc., and (b) full-service insurance, risk management and employee benefit services provided by OneGroup NY, Inc. The accounting policies used in the disclosure of business segments are the same as those described in the summary of significant accounting policies (See Note A, Summary of Significant Accounting Policies of the most recent Form 10-K for the year ended December 31, 2020 filed with the SEC on March 1, 2021). Information about reportable segments and reconciliation of the information to the consolidated financial statements follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Employee | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Consolidated
(000's omitted) |  | Banking |  | Benefit Services |  | All Other |  | Eliminations |  | Total
Three Months Ended March 31, 2021 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Net interest income | ​ | $ | 93,839 | ​ | $ | 94 | ​ | $ | 21 | ​ | $ | 0 | ​ | $ | 93,954
Provision for credit losses | ​ |  | (5,719) | ​ |  | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | (5,719)
Noninterest revenues | ​ |  | 16,454 | ​ |  | 27,149 | ​ |  | 16,817 | ​ |  | (1,889) | ​ |  | 58,531
Amortization of intangible assets | ​ |  | 1,324 | ​ |  | 1,354 | ​ |  | 673 | ​ |  | 0 | ​ |  | 3,351
Acquisition expenses | ​ |  | 27 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 27
Other operating expenses | ​ |  | 65,007 | ​ |  | 15,005 | ​ |  | 11,745 | ​ |  | (1,889) | ​ |  | 89,868
Income before income taxes | ​ | $ | 49,654 | ​ | $ | 10,884 | ​ | $ | 4,420 | ​ | $ | 0 | ​ | $ | 64,958
Assets | ​ | $ | 14,427,834 | ​ | $ | 210,297 | ​ | $ | 82,074 | ​ | $ | (100,024) | ​ | $ | 14,620,181
Goodwill | ​ | $ | 689,869 | ​ | $ | 83,275 | ​ | $ | 20,312 | ​ | $ | 0 | ​ | $ | 793,456
Core deposit intangibles & Other intangibles | ​ | $ | 12,507 | ​ | $ | 30,697 | ​ | $ | 6,385 | ​ | $ | 0 | ​ | $ | 49,589
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three Months Ended March 31, 2020 | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Net interest income | ​ | $ | 89,763 | ​ | $ | 240 | ​ | $ | 51 | ​ | $ | 0 | ​ | $ | 90,054
Provision for credit losses | ​ |  | 5,594 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 5,594
Noninterest revenues | ​ |  | 18,680 | ​ |  | 25,925 | ​ |  | 15,536 | ​ |  | (1,519) | ​ |  | 58,622
Amortization of intangible assets | ​ |  | 1,417 | ​ |  | 1,494 | ​ |  | 756 | ​ |  | 0 | ​ |  | 3,667
Acquisition expenses | ​ |  | 369 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 369
Other operating expenses | ​ |  | 64,200 | ​ |  | 15,130 | ​ |  | 11,816 | ​ |  | (1,519) | ​ |  | 89,627
Income before income taxes | ​ | $ | 36,863 | ​ | $ | 9,541 | ​ | $ | 3,015 | ​ | $ | 0 | ​ | $ | 49,419
Assets | ​ | $ | 11,633,330 | ​ | $ | 213,768 | ​ | $ | 76,525 | ​ | $ | (114,640) | ​ | $ | 11,808,983
Goodwill | ​ | $ | 669,886 | ​ | $ | 83,275 | ​ | $ | 20,312 | ​ | $ | 0 | ​ | $ | 773,473
Core deposit intangibles & Other intangibles | ​ | $ | 15,001 | ​ | $ | 36,281 | ​ | $ | 8,164 | ​ | $ | 0 | ​ | $ | 59,446
​

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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