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CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Income (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 11,405     11,405    
Other comprehensive income 8,135         8,135
Restricted stock awards 296   296      
Restricted stock units for directors' deferred compensation plan 31   31      
Distribution of shares of treasury stock grants for employee restricted stock awards 11       11  
Cash dividends declared (in dollars per share) (3,775)     (3,775)    
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 Deffered Directors Compensation Value 13   (52)   65  
Repurchase of common stock (13)       (13)  
Sale of treasury stock [1] 455   191   264  
Ending balances at Sep. 30, 2019 $ 182,044 53 46,464 150,759 (11,956) (3,276)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Distribution of Shares of Treasury Stock for Employee Restricted Stock Awards (in shares) 439          
Cash dividends declared (in dollars per share) $ 0.78          
Distribution Of Shares Of Treasury Stock For Directors Compensation Shares 8,465          
Distribution of shares of treasury stock for employee stock compensation (in shares) 2,373          
Distribution of Shares of Treasury Stock for Deferred Directors’ Compensation (in shares) 2,551          
Purchase of shares of treasury stock (in shares) 272          
Sale of shares of treasury stock (in shares) 10,250          
Beginning balances at Jun. 30, 2019 $ 178,387 53 46,284 150,063 (12,062) (5,951)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 1,956     1,956    
Other comprehensive income 2,675         2,675
Restricted stock awards 97   97      
Restricted stock units for directors' deferred compensation plan 10   10      
Cash dividends declared (in dollars per share) (1,260)     (1,260)    
Sale of treasury stock [2] 179   73   106  
Ending balances at Sep. 30, 2019 $ 182,044 53 46,464 150,759 (11,956) (3,276)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Cash dividends declared (in dollars per share) $ 0.26          
Sale of shares of treasury stock (in shares) 2,485          
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 14,029     14,029    
Other comprehensive income 7,441         7,441
Restricted stock awards 431   431      
Restricted stock units for directors' deferred compensation plan 25   25      
Distribution of shares of treasury stock grants for employee restricted stock awards 0   (7)   7  
Cash dividends declared (in dollars per share) (3,743)     (3,743)    
Distribution of treasury stock for directors' compensation 350   144   206  
Distribution of shares of treasury stock for employee stock compensation 100   41   59  
Distribution Of Shares Of Treasury Stock For Deffered Directors Compensation Value (12)   (180)   168  
Repurchase of common stock (5,137)       (5,137)  
Sale of treasury stock [1] 894   51   843  
Forfeiture of shares of restricted stock awards 0   5   (5)  
Ending balances at Sep. 30, 2020 $ 197,005 53 46,892 163,987 (15,569) 1,642
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Distribution of shares of treasury stock grants for employee restricted stock awards (in shares) 255          
Cash dividends declared (in dollars per share) $ 0.78          
Distribution Of Shares Of Treasury Stock For Directors Compensation Shares 7,923          
Distribution of shares of treasury stock for employee stock compensation (in shares) 2,274          
Distribution of Shares of Treasury Stock for Deferred Directors’ Compensation (in shares) 6,426          
Purchase of shares of treasury stock (in shares) 186,206          
Sale of shares of treasury stock (in shares) 32,387          
Forfeitures of shares of restricted stock awards (in shares) 112          
Beginning balances at Jun. 30, 2020 $ 194,589 53 46,758 159,505 (13,869) 2,142
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 5,711     5,711    
Other comprehensive income (500)         (500)
Restricted stock awards 125   125      
Restricted stock units for directors' deferred compensation plan 5   5      
Cash dividends declared (in dollars per share) (1,229)     (1,229)    
Repurchase of common stock (1,816)       (1,816)  
Sale of treasury stock [2] 120   4   116  
Ending balances at Sep. 30, 2020 $ 197,005 $ 53 $ 46,892 $ 163,987 $ (15,569) $ 1,642
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Cash dividends declared (in dollars per share) $ 0.26          
Purchase of shares of treasury stock (in shares) 64,185          
Sale of shares of treasury stock (in shares) 18,202          
[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] (a) 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.