XML 23 R7.htm IDEA: XBRL DOCUMENT v3.22.1
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 balance at Dec. 31, 2019 $ 182,627 $ 53 $ 46,382 $ 153,701 $ (11,710) $ (5,799)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 19,262     19,262    
Other comprehensive income (loss) 8,200         8,200
Restricted stock awards 672   672      
Distribution of treasury stock for directors' deferred compensation plan (14)   (182)   168  
Distribution of shares of treasury stock granted for employee restricted stock awards, net 0   (403)   403  
Restricted stock units for directors' deferred compensation plan 29   29      
Cash dividends declared (4,957)     (4,957)    
Distribution of shares of treasury stock for directors' compensation 350   145   205  
Distribution of shares of treasury stock for employee compensation 101   42   59  
Sale of shares of treasury stock [1] 1,018   74   944  
Repurchase of common stock (7,589)       (7,589)  
Forfeiture of restricted stock awards 0   5   (5)  
Ending balance at Dec. 31, 2020 199,699 53 46,764 168,006 (17,525) 2,401
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 26,425     26,425    
Other comprehensive income (loss) (8,931)         (8,931)
Restricted stock awards 535   535      
Distribution of treasury stock for directors' deferred compensation plan 3   (72)   75  
Distribution of shares of treasury stock granted for employee restricted stock awards, net 0   (578)   578  
Restricted stock units for directors' deferred compensation plan 19   19   0  
Cash dividends declared (5,554)     (5,554)    
Distribution of shares of treasury stock for directors' compensation 317   64   253  
Distribution of shares of treasury stock for employee compensation 132   27   105  
Sale of shares of treasury stock [1] 426   142   284  
Repurchase of common stock (1,616)       (1,616)  
Ending balance at Dec. 31, 2021 $ 211,455 $ 53 $ 46,901 $ 188,877 $ (17,846) $ (6,530)
[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.