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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 Loss
Beginning 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 6,530     6,530    
Other comprehensive loss (10,153)         (10,153)
Restricted stock awards 136   136      
Restricted stock units for directors' deferred compensation plan 5   5      
Cash dividends declared (1,211)     (1,211)    
Distribution of shares of treasury stock for directors' compensation 317   64   253  
Distribution of shares of treasury stock for employee compensation 132   27   105  
Repurchase of shares of common stock (801)       (801)  
Sale of shares of treasury stock [1] 130   29   101  
Ending balance at Mar. 31, 2021 194,784 53 47,025 173,325 (17,867) (7,752)
Beginning balance at Dec. 31, 2021 211,455 53 46,901 188,877 (17,846) (6,530)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 6,867     6,867    
Other comprehensive loss (31,075)         (31,075)
Restricted stock awards 179   179      
Restricted stock units for directors' deferred compensation plan 5   5      
Cash dividends declared (1,449)     (1,449)    
Distribution of shares of treasury stock grants for employee restricted stock awards 0   (112)   112  
Distribution of shares of treasury stock for directors' compensation 105   (139)   244  
Repurchase of shares of common stock (695)       (695)  
Sale of shares of treasury stock [1] 118   46   72  
Ending balance at Mar. 31, 2022 $ 185,510 $ 53 $ 46,880 $ 194,295 $ (18,113) $ (37,605)
[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.