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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, 2017 $ 149,813 $ 53 $ 45,967 $ 128,453 $ (14,320) $ (10,340)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 6,966     6,966    
Other comprehensive loss (3,579)         (3,579)
Restricted stock awards 232   232      
Restricted stock units for directors' deferred compensation plan 47   47      
Cash dividends declared (2,486)     (2,486)    
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 shares of treasury stock for deferred directors' compensation 218   (722)   940  
Sale of treasury stock [1] 341   158   183  
Ending balances at Jun. 30, 2018 151,780 53 45,873 132,973 (12,998) (14,121)
Beginning balances at Mar. 31, 2018 150,262 53 46,404 131,694 (14,053) (13,836)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 2,527     2,527    
Other comprehensive loss (285)         (285)
Restricted stock awards 69   69      
Restricted stock units for directors' deferred compensation plan 22   22      
Cash dividends declared (1,248)     (1,248)    
Distribution of shares of treasury stock for deferred directors' compensation 218   (722)   940  
Sale of treasury stock [2] 215   100   115  
Ending balances at Jun. 30, 2018 151,780 53 45,873 132,973 (12,998) (14,121)
Beginning balances at Dec. 31, 2018 165,029 53 45,820 143,129 (12,562) (11,411)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 9,449     9,449    
Other comprehensive loss 5,460         5,460
Restricted stock awards 199   199      
Restricted stock units for directors' deferred compensation plan 21   21      
Distribution of shares of treasury stock grants for employee restricted stock awards 11       11  
Cash dividends declared (2,515)     (2,515)    
Distribution of treasury stock for directors' compensation 357   139   218  
Distribution of shares of treasury stock for employee stock compensation 100   39   61  
Distribution of shares of treasury stock for deferred directors' compensation 13   (52)   65  
Repurchase of common stock (13)       13  
Sale of treasury stock [1] 276   118   158  
Ending balances at Jun. 30, 2019 178,387 53 46,284 150,063 (12,062) (5,951)
Beginning balances at Mar. 31, 2019 171,534 53 46,174 146,340 (12,191) (8,842)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 4,981     4,981    
Other comprehensive loss 2,891         2,891
Restricted stock awards 98   98      
Restricted stock units for directors' deferred compensation plan 10   10      
Cash dividends declared (1,258)     (1,258)    
Distribution of shares of treasury stock for deferred directors' compensation 13   (52)   65  
Sale of treasury stock [2] 118   54   64  
Ending balances at Jun. 30, 2019 $ 178,387 $ 53 $ 46,284 $ 150,063 $ (12,062) $ (5,951)
[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.