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CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Loss
Beginning balances at Dec. 31, 2016 $ 143,748 $ 53 $ 45,603 $ 124,111 $ (15,265) $ (10,754)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 9,589     9,589    
Other comprehensive income (loss) 3,479         3,479
Restricted stock awards 162   162      
Restricted stock units for directors' deferred compensation plan 72   72      
Cash dividends declared (3,694)     (3,694)    
Distribution of treasury stock for directors' compensation 269   68   201  
Distribution of shares of treasury stock for employee stock compensation 200   50   150  
Distribution of treasury stock for deferred directors' compensation 11   (51)   62  
Sale of treasury stock [1] 441   142   299  
Forfeiture of 1,139 shares of restricted stock awards 0   43   (43)  
Ending balances at Sep. 30, 2017 154,277 53 46,089 130,006 (14,596) (7,275)
Beginning balances at Jun. 30, 2017           (6,972)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 3,654          
Other comprehensive income (loss) (303)         (303)
Ending balances at Sep. 30, 2017 154,277 53 46,089 130,006 (14,596) (7,275)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Cumulative effect of account change [2] (162)     40   (202)
Balances at January 1, 2018, as adjusted 149,651 53 45,967 128,493 (14,320) (10,542)
Beginning balances at Dec. 31, 2017 149,813 53 45,967 128,453 (14,320) (10,340)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 13,896     13,896    
Other comprehensive income (loss) (4,745)         (4,745)
Restricted stock awards 301   301      
Restricted stock units for directors' deferred compensation plan 57   57      
Cash dividends declared (3,735)     (3,735)    
Distribution of treasury stock for directors' compensation 301   147   154  
Distribution of shares of treasury stock for employee stock compensation 89   44   45  
Distribution of treasury stock for deferred directors' compensation 218   (722)   940  
Sale of treasury stock [1] 466   212   254  
Ending balances at Sep. 30, 2018 156,499 53 46,006 138,654 (12,927) (15,287)
Beginning balances at Jun. 30, 2018           (14,121)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 6,930          
Other comprehensive income (loss) (1,166)         (1,166)
Ending balances at Sep. 30, 2018 $ 156,499 $ 53 $ 46,006 $ 138,654 $ (12,927) $ (15,287)
[1] All treasury stock sales were completed at the prevailing market price with the Chemung Canal Trust Company Profit Sharing, Savings, and Investment Plan which is a defined contribution plan sponsored by the Bank.
[2] Due to implementation of ASC 2016-01. See "Adoption of New Accounting Standards" discussion in Note 1.