XML 49 R33.htm IDEA: XBRL DOCUMENT v3.22.1

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)

12 Months Ended

Dec. 31, 2021

Loans and Leases Receivable Disclosure [Abstract]

Composition of Loan Portfolio by Type

The composition of the loan portfolio, net of deferred loan fees is summarized as follows (in thousands):

			December 31, 2021						December 31, 2020
Commercial and agricultural:
Commercial and industrial			$	256,893					$	368,663
Agricultural			394						283
Commercial mortgages:
Construction			82,204						61,945
Commercial mortgages			720,358						654,663
Residential mortgages			259,334						239,401
Consumer loans:
Home equity lines and loans			70,670						78,547
Indirect consumer loans			118,569						120,538
Direct consumer loans			9,827						12,423
Total loans, net of deferred loan fees			1,518,249						1,536,463
Interest receivable on loans			4,133						5,035
Total recorded investment in loans			$	1,522,382					$	1,541,498

Allowance for Loan Losses by Portfolio Segment

The following tables present the activity in the allowance for loan losses by portfolio segment for the years ended December 31, 2021 and 2020, respectively (in thousands):

			December 31, 2021
Allowance for loan losses			Commercial, and Agricultural						Commercial Mortgages						Residential Mortgages						Consumer Loans												Total
Beginning balance:			$	4,493					$	11,496					$	2,079					$	2,856											$	20,924
Charge Offs:			(28)						(43)						(75)						(593)												(739)
Recoveries:			312						3						10						498												823
Net (charge offs) recoveries			284						(40)						(65)						(95)												84
Provision			(1,186)						2,100						(211)						(686)												17
Ending balance			$	3,591					$	13,556					$	1,803					$	2,075											$	21,025

			December 31, 2020
Allowance for loan losses			Commercial, and Agricultural						Commercial Mortgages						Residential Mortgages						Consumer Loans												Total
Beginning balance:			$	10,227					$	8,869					$	1,252					$	3,130											$	23,478
Charge Offs:			(4,068)						(2,143)						(56)						(1,113)												(7,380)
Recoveries:			89						14						86						398												587
Net recoveries (charge offs)			(3,979)						(2,129)						30						(715)												(6,793)
Provision			(1,755)						4,756						797						441												4,239
Ending balance			$	4,493					$	11,496					$	2,079					$	2,856											$	20,924

Allowance for Loan Losses and Recorded Investment in Loans Based on Impairment Method

The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2021 and December 31, 2020 (in thousands):

			December 31, 2021
Allowance for loan losses			Commercial and Agricultural						Commercial Mortgages						Residential Mortgages						Consumer Loans						Total
Ending allowance balance attributable to loans:
Individually evaluated for impairment			$	1,394					$	1,571					$	—					$	65					$	3,030
Collectively evaluated for impairment			2,197						11,985						1,803						2,010						17,995
Total ending allowance balance			$	3,591					$	13,556					$	1,803					$	2,075					$	21,025

			December 31, 2020
Allowance for loan losses			Commercial and Agricultural						Commercial Mortgages						Residential Mortgages						Consumer Loans						Total
Ending allowance balance attributable to loans:
Individually evaluated for impairment			$	1,401					$	74					$	—					$	52					$	1,527
Collectively evaluated for impairment			3,092						11,422						2,079						2,804						19,397
Total ending allowance balance			$	4,493					$	11,496					$	2,079					$	2,856					$	20,924

			December 31, 2021
Loans:			Commercial and Agricultural						Commercial Mortgages						Residential Mortgages						Consumer Loans						Total
Loans individually evaluated for impairment			$	2,427					$	7,967					$	938					$	315					$	11,647
Loans collectively evaluated for impairment			255,586						796,858						259,029						199,262						1,510,735
Total ending loans balance			$	258,013					$	804,825					$	259,967					$	199,577					$	1,522,382

			December 31, 2020
Loans:			Commercial and Agricultural						Commercial Mortgages						Residential Mortgages						Consumer Loans						Total
Loans individually evaluated for impairment			$	3,400					$	5,117					$	1,271					$	801					$	10,589
Loans collectively evaluated for impairment			366,852						714,028						238,742						211,287						1,530,909
Total ending loans balance			$	370,252					$	719,145					$	240,013					$	212,088					$	1,541,498

Summary of Impaired Financing Receivables

The following tables present loans individually evaluated for impairment recognized by class of loans as of December 31, 2021 and December 31, 2020, the average recorded investment and interest income recognized by class of loans as of the years ended December 31, 2021 and 2020 (in thousands):

			December 31, 2021																		December 31, 2020
			Unpaid Principal Balance						Recorded Investment						Allowance for Loan Losses Allocated						Unpaid Principal Balance						Recorded Investment						Allowance for Loan Losses Allocated
With no related allowance recorded:
Commercial and agricultural:
Commercial and industrial			$	954					$	948					$	—					$	1,960					$	1,963					$	—
Commercial mortgages:
Construction			129						130						—						188						189						—
Commercial mortgages			6,940						4,278						—						6,814						4,760						—
Residential mortgages			951						938						—						1,283						1,271						—
Consumer loans:
Home equity lines and loans			185						169						—						645						631						—
With an allowance recorded:
Commercial and agricultural:
Commercial and industrial			5,350						1,479						1,394						5,228						1,437						1,401
Commercial mortgages:
Commercial mortgages			3,550						3,559						1,571						258						168						74
Consumer loans:
Home equity lines and loans			146						146						65						170						170						52
Total			$	18,205					$	11,647					$	3,030					$	16,546					$	10,589					$	1,527

			December 31, 2021												December 31, 2020
			Average Recorded Investment						Interest Income Recognized (1)						Average Recorded Investment						Interest Income Recognized (1)
With no related allowance recorded:
Commercial and agricultural:
Commercial and industrial			$	1,505					$	6					$	936					$	16
Commercial mortgages:
Construction			159						6						219						8
Commercial mortgages			4,650						30						4,103						16
Residential mortgages			1,015						40						952						25
Consumer loans:
Home equity lines & loans			273						7						446						7
With an allowance recorded:
Commercial and agricultural:
Commercial and industrial			1,505						8						4,981						4
Commercial mortgages:
Commercial mortgages			2,236						49						2,949						—
Consumer loans:
Home equity lines and loans			157						—						104						—
Total			$	11,500					$	146					$	14,690					$	76

(1)  Cash basis interest income approximates interest income recognized.

Recorded Investment in Past Due and Non-Accrual Status by Class of Loans

The following tables present the recorded investment in non-accrual and loans past due 90 days or more and still accruing by class of loans as of December 31, 2021 and December 31, 2020 (in thousands):

			Non-accrual												Loans Past Due 90 Days or More and Still Accruing
			2021						2020						2021						2020
Commercial and agricultural:
Commercial and industrial			$	1,932					$	2,167					$	4					$	2
Commercial mortgages:
Construction			34						55						—						—
Commercial mortgages			3,844						4,415						—						—
Residential mortgages			1,039						1,632						—						—
Consumer loans:
Home equity lines and loans			790						1,159						—						—
Indirect consumer loans			462						519						—						—
Direct consumer loans			13						5						—						—
Total			$	8,114					$	9,952					$	4					$	2

The following tables present the aging of the recorded investment in loans as of December 31, 2021 and December 31, 2020 (in thousands):

			December 31, 2021
			30 - 59 Days Past Due						60 - 89 Days Past Due						90 Days or More Past Due						Total Past Due												Loans Not Past Due						Total
Commercial and agricultural:
Commercial and industrial			$	413					$	148					$	26					$	587											$	257,031					$	257,618
Agricultural			—						—						—						—												395						395
Commercial mortgages:
Construction			—						—						—						—												82,435						82,435
Commercial mortgages			24						224						1,302						1,550												720,840						722,390
Residential mortgages			580						32						652						1,264												258,703						259,967
Consumer loans:
Home equity lines and loans			256						69						424						749												70,105						70,854
Indirect consumer loans			1,179						424						255						1,858												116,997						118,855
Direct consumer loans			24						11						13						48												9,820						9,868
Total			$	2,476					$	908					$	2,672					$	6,056											$	1,516,326					$	1,522,382

			December 31, 2020
			30 - 59 Days Past Due						60 - 89 Days Past Due						90 Days or More Past Due						Total Past Due												Loans Not Past Due						Total
Commercial and agricultural:
Commercial and industrial			$	520					$	14					$	30					$	564											$	369,404					$	369,968
Agricultural			—						—						—						—												284						284
Commercial mortgages:
Construction			—						—						—						—												62,164						62,164
Commercial mortgages			1,438						3,696						308						5,442												651,539						656,981
Residential mortgages			817						406						461						1,684												238,329						240,013
Consumer loans:
Home equity lines and loans			521						41						474						1,036												77,725						78,761
Indirect consumer loans			1,268						198						252						1,718												119,135						120,853
Direct consumer loans			34						2						—						36												12,438						12,474
Total			$	4,598					$	4,357					$	1,525					$	10,480											$	1,531,018					$	1,541,498

Loans by Class Modified as Troubled Debt Restructurings

The following table presents loans by class modified as troubled debt restructurings that occurred during the years ended December 31, 2021 and 2020 (in thousands):

December 31, 2021						Number of Loans						Pre-Modification Outstanding Recorded Investment						Post-Modification Outstanding Recorded Investment
Troubled debt restructurings:
Commercial and agricultural:
Commercial and industrial						2						$	502					$	502
Commercial mortgages:
Commercial mortgages						4						6,094						6,094
Total						6						$	6,596					$	6,596

The TDRs described above increased the allowance for loan losses by $1.7 million and resulted in no charge offs during the year ended December 31, 2021.

December 31, 2020						Number of Loans						Pre-Modification Outstanding Recorded Investment						Post-Modification Outstanding Recorded Investment
Troubled debt restructurings:
Commercial and agricultural:
Commercial and industrial						4						$	2,068					$	2,068
Commercial mortgages:
Commercial mortgages						4						1,297						1,297
Residential mortgages						4						997						997
Consumer loans:
Home equity lines and loans						3						738						738
Total						15						$	5,100					$	5,100

The TDRs described above increased the allowance for loan losses by $0.2 million and resulted in no charge offs during the year ended December 31, 2020.

A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms.

There were no payment defaults on any loans previously modified as troubled debt restructurings during the year ended December 31, 2021, within twelve months following the modification.

The following table presents loans by class modified as TDRs for which there was a payment default within twelve months following the modification during the year ended December 31, 2020:

December 31, 2020						Number of Loans						Recorded Investment
Consumer loans:
Home equity lines and loans						1						$	170
Total						1						$	170

Risk Category of Recorded Investment of Loans by Class of Loans

Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. Loans listed as not rated are included in groups of homogeneous loans. Based on the analyses performed as of December 31, 2021 and 2020, the risk category of the recorded investment of loans by class of loans is as follows (in thousands):

			December 31, 2021
			Not Rated						Pass												Special Mention						Substandard						Doubtful						Total
Commercial and agricultural:
Commercial and industrial			$	—					$	250,529											$	2,892					$	3,108					$	1,089					$	257,618
Agricultural			—						395												—						—						—						395
Commercial mortgages:
Construction			—						82,404												—						31						—						82,435
Commercial mortgages			—						672,741												31,072						17,458						1,119						722,390
Residential mortgages			258,928																		—						1,039						—						259,967
Consumer loans
Home equity lines and loans			70,064						—												—						790						—						70,854
Indirect consumer loans			118,393						—												—						462						—						118,855
Direct consumer loans			9,855						—												—						13						—						9,868
Total			$	457,240					$	1,006,069											$	33,964					$	22,901					$	2,208					$	1,522,382

			December 31, 2020
			Not Rated						Pass												Special Mention						Substandard						Doubtful						Total
Commercial and agricultural:
Commercial and industrial			$	—					$	360,500											$	2,999					$	5,092					$	1,377					$	369,968
Agricultural			—						284												—						—						—						284
Commercial mortgages:
Construction			—						59,885												—						2,279						—						62,164
Commercial mortgages			—						616,090												23,631						16,128						1,132						656,981
Residential mortgages			238,381						—												—						1,632						—						240,013
Consumer loans
Home equity lines and loans			77,602						—												—						1,159						—						78,761
Indirect consumer loans			120,334						—												—						519						—						120,853
Direct consumer loans			12,470						—												—						4						—						12,474
Total			$	448,787					$	1,036,759											$	26,630					$	26,813					$	2,509					$	1,541,498

Recorded Investment in Residential and Consumer Loans Based on Payment Activity

The following table presents the recorded investment in residential and consumer loans based on payment activity as of December 31, 2021 and 2020 (in thousands):

			December 31, 2021
															Consumer Loans
			Residential Mortgages												Home Equity Lines and Loans						Indirect Consumer Loans						Other Direct Consumer Loans
Performing			$	258,928											$	70,064					$	118,393					$	9,855
Non-Performing			1,039												790						462						13
Total			$	259,967											$	70,854					$	118,855					$	9,868

			December 31, 2020
															Consumer Loans
			Residential Mortgages												Home Equity Lines and Loans						Indirect Consumer Loans						Other Direct Consumer Loans
Performing			$	238,381											$	77,602					$	120,334					$	12,470
Non-Performing			1,632												1,159						519						4
Total			$	240,013											$	78,761					$	120,853					$	12,474

X

- Definition

Tabular disclosure for balance of financing receivables and allowances for credit losses that were evaluated for impairment.

+ References

No definition available.

+ Details

Name:	chmg_FinancingReceivableAndAllowanceForCreditLossesEvaluatedForImpairmentTableTextBlock
Namespace Prefix:	chmg_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of residential and consumer receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of residential and consumer receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

No definition available.

+ Details

Name:	chmg_ResidentialAndConsumerReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix:	chmg_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447

+ Details

Name:	us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524

+ Details

Name:	us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of impaired financing receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123577603&loc=d3e5212-111524

+ Details

Name:	us-gaap_ImpairedFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_LoansAndLeasesReceivableDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of aging analysis for financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919253-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7A
-URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953401-111524

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 55
-Paragraph 80
-URI http://asc.fasb.org/extlink&oid=124267575&loc=SL82922355-210448

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=123577603&loc=d3e5111-111524

+ Details

Name:	us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

+ Details

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivable modified as troubled debt restructuring.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953676-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953682-111524

+ Details

Name:	us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration