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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 Income (Loss)
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 8,318     8,318    
Other comprehensive income (loss) 7,941         7,941
Restricted stock awards 306   306      
Restricted stock units for directors' deferred compensation plan 20   20      
Distribution of treasury stock grants for employee restricted stock awards     (7)   7  
Cash dividends declared (2,514)     (2,514)    
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 Deferred Directors Compensation Value (12)   (180)   168  
Repurchase of common stock (3,321)       (3,321)  
Sale of treasury stock [1] 774   47   727  
Forfeiture of shares of restricted stock awards 0   5   (5)  
Ending balances at Jun. 30, 2020 194,589 53 46,758 159,505 (13,869) 2,142
Beginning balances at Mar. 31, 2020 190,447 53 46,754 154,926 (11,204) (82)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 5,827     5,827    
Other comprehensive income (loss) 2,224         2,224
Restricted stock awards 181   181      
Restricted stock units for directors' deferred compensation plan 9   9      
Cash dividends declared (1,248)     (1,248)    
Distribution Of Shares Of Treasury Stock For Deferred Directors Compensation Value (12)   (180)   168  
Repurchase of common stock (3,193)       (3,193)  
Sale of treasury stock 354   (6)   360  
Ending balances at Jun. 30, 2020 194,589 53 46,758 159,505 (13,869) 2,142
Beginning balances at Dec. 31, 2020 199,699 53 46,764 168,006 (17,525) 2,401
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 13,325     13,325    
Other comprehensive income (loss) (6,259)         (6,259)
Restricted stock awards 223   223      
Restricted stock units for directors' deferred compensation plan 9   9      
Cash dividends declared (2,658)     (2,658)    
Distribution of treasury stock for directors' compensation 317   64   253  
Distribution of shares of treasury stock for employee stock compensation 132   27   105  
Distribution Of Shares Of Treasury Stock For Deferred Directors Compensation Value 3   (72)   75  
Repurchase of common stock (1,046)       (1,046)  
Sale of treasury stock [1] 232   66   166  
Ending balances at Jun. 30, 2021 203,977 53 47,081 178,673 (17,972) (3,858)
Beginning balances at Mar. 31, 2021 194,784 53 47,025 173,325 (17,867) (7,752)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 6,795     6,795    
Other comprehensive income (loss) 3,894         3,894
Restricted stock awards 87   87      
Restricted stock units for directors' deferred compensation plan 4   4      
Cash dividends declared (1,447)     (1,447)    
Distribution Of Shares Of Treasury Stock For Deferred Directors Compensation Value 3   (72)   75  
Repurchase of common stock (245)       (245)  
Sale of treasury stock 102   37   65  
Ending balances at Jun. 30, 2021 $ 203,977 $ 53 $ 47,081 $ 178,673 $ (17,972) $ (3,858)
[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.