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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 19,971     19,971    
Other comprehensive income (9,467)         (9,467)
Restricted stock awards 307   307      
Restricted stock units for directors' deferred compensation plan 14   14      
Cash dividends declared (4,104)     (4,104)    
Distribution of treasury stock for directors' compensation 317   64   253  
Distribution of shares of treasury stock for employee compensation 132   27   105  
Distribution of shares of treasury stock for deferred directors' compensation 3   (72)   75  
Repurchase of shares of common stock (1,050)       (1,050)  
Sale of shares of treasury stock [1] 317   99   218  
Ending balance at Sep. 30, 2021 206,139 53 47,203 183,873 (17,924) (7,066)
Beginning balance at Jun. 30, 2021 203,977 53 47,081 178,673 (17,972) (3,858)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 6,646     6,646    
Other comprehensive income (3,208)         (3,208)
Restricted stock awards 84   84      
Restricted stock units for directors' deferred compensation plan 5   5      
Cash dividends declared (1,446)     (1,446)    
Repurchase of shares of common stock (4)       (4)  
Sale of shares of treasury stock [1] 85   33   52  
Ending balance at Sep. 30, 2021 206,139 53 47,203 183,873 (17,924) (7,066)
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 21,344     21,344    
Other comprehensive income (73,351)         (73,351)
Restricted stock awards 486   486      
Restricted stock units for directors' deferred compensation plan 195   195      
Distribution of shares of treasury stock grants for employee restricted stock awards 0   (112)   112  
Cash dividends declared (4,347)     (4,347)    
Distribution of treasury stock for directors' compensation 105   (139)   244  
Repurchase of shares of common stock (695)       (695)  
Sale of shares of treasury stock [1] 328   124   204  
Forfeiture of 48 shares of restricted stock awards (2)   32   (34)  
Ending balance at Sep. 30, 2022 155,518 53 47,487 205,874 (18,015) (79,881)
Beginning balance at Jun. 30, 2022 174,690 53 47,196 200,870 (18,084) (55,345)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 6,453     6,453    
Other comprehensive income (24,536)         (24,536)
Restricted stock awards 153   153      
Restricted stock units for directors' deferred compensation plan 95   95      
Cash dividends declared (1,449)     (1,449)    
Sale of shares of treasury stock [1] 112   41   71  
Forfeiture of 48 shares of restricted stock awards     2   (2)  
Ending balance at Sep. 30, 2022 $ 155,518 $ 53 $ 47,487 $ 205,874 $ (18,015) $ (79,881)
[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.