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PARENT COMPANY FINANCIAL INFORMATION - STATEMENTS OF CASH FLOWS (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2021 | Dec. 31, 2020
Cash flows from operating activities: |  |
Net income | $ 26,425 | $ 19,262
Adjustments to reconcile net income to net cash provided by operating activities: |  |
Change in other assets | (1,954) | (9,883)
Change in other liabilities | 2,764 | 8,265
Net cash provided by operating activities | 35,461 | 28,659
Cash flow from financing activities: |  |
Cash dividends paid | (5,318) | (5,006)
Purchase of treasury stock | (1,616) | (7,589)
Sale of treasury stock | 426 | 1,018
Net cash (used in) provided by financing activities | 125,466 | 453,823
Cash and cash equivalents, beginning of period | 108,538 |
Cash and cash equivalents, end of period | 26,981 | 108,538
Parent Company |  |
Cash flows from operating activities: |  |
Net income | 26,425 | 19,262
Adjustments to reconcile net income to net cash provided by operating activities: |  |
Change in dividend receivable | (236) | (1,214)
Change in other assets | (97) | (154)
Change in other liabilities | (252) | 8
Expense related to employee stock compensation | 132 | 101
Expense related to restricted stock units for directors' deferred compensation plan | 19 | 29
Expense to employee restricted stock awards | 535 | 672
Net cash provided by operating activities | 6,738 | 9,882
Cash flow from financing activities: |  |
Cash dividends paid | (5,318) | (5,006)
Purchase of treasury stock | (1,616) | (7,589)
Sale of treasury stock | 426 | 1,018
Net cash (used in) provided by financing activities | (6,508) | (11,577)
Increase (decrease) in cash and cash equivalents | 230 | (1,695)
Cash and cash equivalents, beginning of period | 2,243 | 3,938
Cash and cash equivalents, end of period | 2,473 | 2,243
Parent Company | Chemung Canal Trust Company |  |
Adjustments to reconcile net income to net cash provided by operating activities: |  |
Equity in undistributed earnings | (19,492) | (8,204)
Parent Company | CFS Group Inc. |  |
Adjustments to reconcile net income to net cash provided by operating activities: |  |
Equity in undistributed earnings | (198) | (8)
Parent Company | Chemung Risk Management |  |
Adjustments to reconcile net income to net cash provided by operating activities: |  |
Equity in undistributed earnings | $ (98) | $ (610)

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