XML 35 R24.htm IDEA: XBRL DOCUMENT
v3.22.2

ACQUISITIONS (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
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: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2022 | ​ | 2021
(000s omitted) |  | Elmira | ​ | Other(1) | ​ | Total |  | TGA |  | FBD |  | NuVantage |  | Total
Consideration: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  |  | ​ |  |  | ​ |
Cash | ​ | $ | 82,179 | ​ | $ | 2,464 | ​ | $ | 84,643 | ​ | $ | 11,620 | ​ | $ | 15,350 | ​ | $ | 2,900 | ​ | $ | 29,870
Contingent consideration | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 1,500 | ​ | ​ | 1,400 | ​ | ​ | 0 | ​ | ​ | 2,900
Total net consideration | ​ | ​ | 82,179 | ​ | ​ | 2,464 | ​ | ​ | 84,643 | ​ | ​ | 13,120 | ​ |  | 16,750 | ​ |  | 2,900 | ​ |  | 32,770
Recognized amounts of identifiable assets acquired and liabilities assumed: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Cash and cash equivalents | ​ | ​ | 84,988 | ​ | ​ | 0 | ​ | ​ | 84,988 | ​ | ​ | 0 | ​ |  | 541 | ​ |  | 0 | ​ |  | 541
Investment securities | ​ | ​ | 11,305 | ​ | ​ | 0 | ​ | ​ | 11,305 | ​ | ​ | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0
Loans, net of allowance for credit losses on PCD loans | ​ | ​ | 436,948 | ​ | ​ | 0 | ​ | ​ | 436,948 | ​ | ​ | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0
Premises and equipment, net | ​ | ​ | 12,317 | ​ | ​ | 0 | ​ | ​ | 12,317 | ​ | ​ | 279 | ​ |  | 282 | ​ |  | 199 | ​ |  | 760
Accrued interest and fees receivable | ​ | ​ | 884 | ​ | ​ | 0 | ​ | ​ | 884 | ​ | ​ | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0
Other assets | ​ | ​ | 21,984 | ​ | ​ | 0 | ​ | ​ | 21,984 | ​ | ​ | 0 | ​ |  | 579 | ​ |  | 0 | ​ |  | 579
Core deposit intangibles | ​ | ​ | 7,970 | ​ | ​ | 0 | ​ | ​ | 7,970 | ​ | ​ | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0
Other intangibles | ​ | ​ | 0 | ​ | ​ | 2,464 | ​ | ​ | 2,464 | ​ | ​ | 10,900 | ​ |  | 14,000 | ​ |  | 1,437 | ​ |  | 26,337
Deposits | ​ | ​ | (522,295) | ​ | ​ | 0 | ​ | ​ | (522,295) | ​ | ​ | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0
Other liabilities | ​ | ​ | (5,039) | ​ | ​ | 0 | ​ | ​ | (5,039) | ​ | ​ | (229) | ​ |  | (669) | ​ |  | (174) | ​ |  | (1,072)
Other Federal Home Loan Bank borrowings | ​ | ​ | (17,616) | ​ | ​ | 0 | ​ | ​ | (17,616) | ​ | ​ | 0 | ​ |  | 0 | ​ |  | 0 | ​ |  | 0
Total identifiable assets, net | ​ | ​ | 31,446 | ​ | ​ | 2,464 | ​ | ​ | 33,910 | ​ | ​ | 10,950 | ​ |  | 14,733 | ​ |  | 1,462 | ​ |  | 27,145
Goodwill | ​ | $ | 50,733 | ​ | $ | 0 | ​ | $ | 50,733 | ​ | $ | 2,170 | ​ | $ | 2,017 | ​ | $ | 1,438 | ​ | $ | 5,625
(1) | Includes amounts for all OneGroup acquisitions completed in 2022.
Schedule of loans acquired | ​
​ | ​ | ​ | ​
(000s omitted) |  | PCD Loans
Par value of PCD loans at acquisition | ​ | $ | 2,184
Allowance for credit losses at acquisition | ​ |  | (71)
Non-credit discount at acquisition | ​ |  | (81)
Fair value of PCD loans at acquisition | ​ | $ | 2,032
​
Schedule of pro forma financial information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Pro Forma (Unaudited) |  | Pro Forma (Unaudited)
​ | ​ | Three Months Ended | ​ | Six Months Ended
(000’s omitted) |  | ​ | June 30, 2022 |  | ​ | June 30, 2021 |  | ​ | June 30, 2022 |  | ​ | June 30, 2021
Total revenue, net of interest expense | ​ | $ | 170,242 | ​ | $ | 157,683 | ​ | $ | 337,102 | ​ | $ | 317,040
Net income | ​ |  | 43,426 | ​ |  | 49,338 | ​ |  | 92,021 | ​ |  | 100,014

X
- Definition Tabular disclosure regarding loans acquired during the period. + References No definition available. + Details
Name: | cbu_SummaryOfLoansAcquiredTableTextBlock
Namespace Prefix: | cbu_
Data Type: | dtr-types: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 https://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 https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration