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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, 2018 $ 165,029 $ 53 $ 45,820 $ 143,129 $ (12,562) $ (11,411)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 4,468     4,468    
Other comprehensive income 2,569         2,569
Restricted stock awards 101   101      
Restricted stock units for directors' deferred compensation plan 11   11      
Distribution of shares of treasury stock grants for employee restricted stock awards 11       11  
Cash dividends declared (1,257)     (1,257)    
Operating lease liabilities 357   139   218  
Distribution of shares of treasury stock for employee stock compensation 100   39   61  
Repurchase of common stock (13)       (13)  
Sale of treasury stock [1] 158   64   94  
Ending balances at Mar. 31, 2019 171,534 53 46,174 146,340 (12,191) (8,842)
Beginning balances at Dec. 31, 2019 182,627 53 46,382 153,701 (11,710) (5,799)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 2,491     2,491    
Other comprehensive income 5,717         5,717
Restricted stock awards 125   125      
Restricted stock units for directors' deferred compensation plan 11   11      
Distribution of shares of treasury stock grants for employee restricted stock awards 0   (7)   7  
Cash dividends declared (1,266)     (1,266)    
Operating lease liabilities 350   144   206  
Distribution of shares of treasury stock for employee stock compensation 100   41   59  
Repurchase of common stock (128)       (128)  
Sale of treasury stock [1] 420   53   367  
Forfeiture of shares of restricted stock awards 0   5   (5)  
Ending balances at Mar. 31, 2020 $ 190,447 $ 53 $ 46,754 $ 154,926 $ (11,204) $ (82)
[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.