XML 36 R24.htm IDEA: XBRL DOCUMENT
v3.21.2

ACQUISITIONS (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
ACQUISITIONS |
Schedule of 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: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2021 | ​ | 2020
(000s omitted) | ​ | NuVantage | ​ | Steuben
Consideration paid : | ​ | ​ | ​ | ​ | ​ |
Cash | ​ | $ | 2,900 | ​ | $ | 21,613
Community Bank System, Inc. common stock | ​ | ​ | 0 | ​ |  | 76,942
Total net consideration paid | ​ | ​ | 2,900 | ​ |  | 98,555
Recognized amounts of identifiable assets acquired and liabilities assumed: | ​ | ​ | ​ | ​ |  |
Cash and cash equivalents | ​ | ​ | 0 | ​ |  | 55,973
Investment securities | ​ | ​ | 0 | ​ |  | 180,497
Loans, net of allowance for credit losses on PCD loans | ​ | ​ | 0 | ​ |  | 339,017
Premises and equipment, net | ​ | ​ | 199 | ​ |  | 7,764
Accrued interest and fees receivable | ​ | ​ | 0 | ​ |  | 2,701
Other assets | ​ | ​ | 0 | ​ |  | 17,675
Core deposit intangibles | ​ | ​ | 0 | ​ |  | 2,928
Other intangibles | ​ | ​ | 1,437 | ​ |  | 1,196
Deposits | ​ | ​ | 0 | ​ |  | (516,274)
Other liabilities | ​ | ​ | (174) | ​ |  | (4,841)
Other Federal Home Loan Bank borrowings | ​ | ​ | 0 | ​ |  | (6,000)
Subordinated debt held by unconsolidated subsidiary trusts | ​ | ​ | 0 | ​ |  | (2,062)
Total identifiable assets, net | ​ | ​ | 1,462 | ​ |  | 78,574
Goodwill | ​ | $ | 1,438 | ​ | $ | 19,981
Schedule of loans acquired | ​
​ | ​ | ​ | ​
(000s omitted) |  | PCD Loans
Par value of PCD loans at acquisition | ​ | $ | 35,906
Allowance for credit losses at acquisition | ​ |  | (668)
Non-credit premium at acquisition | ​ |  | 103
Fair value of PCD loans at acquisition | ​ | $ | 35,341
​
​ | ​ | ​ | ​
(000s omitted) |  | Non-PCD Loans
Contractually required principal and interest at acquisition | ​ | $ | 400,738
Contractual cash flows not expected to be collected | ​ |  | (2,994)
Expected cash flows at acquisition | ​ |  | 397,744
Interest component of expected cash flows | ​ |  | (94,068)
Fair value of non-PCD loans at acquisition | ​ | $ | 303,676
Schedule of pro forma financial information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Pro Forma (Unaudited) | ​ | Pro Forma (Unaudited) | ​
​ | ​ | Three Months Ended |  | Six Months Ended | ​
(000's omitted) |  | June 30, 2020 |  | June 30, 2019 |  | June 30, 2020 |  | June 30, 2019 |
Total revenue, net of interest expense | ​ | $ | 149,576 | ​ | $ | 154,878 | ​ | $ | 304,088 | ​ | $ | 303,152 | ​
Net income | ​ |  | 39,072 | ​ |  | 46,447 | ​ |  | 80,848 | ​ |  | 86,774 | ​

X
- Definition Tabular disclosure regarding loans acquired during the period. + References No definition available. + Details
Name: | cbu_SummaryOfLoansAcquiredTableTextBlock
Namespace Prefix: | cbu_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration