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PARENT COMPANY FINANCIAL INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Parent Company Statement of Financial Position | Condensed parent company only financial statement information of Chemung Financial Corporation is as follows (investment in subsidiaries is recorded using the equity method of accounting) (in thousands):
BALANCE SHEETS - DECEMBER 31 |  | 2022 |  | 2021
Assets: |  |  |  |
Cash on deposit with subsidiary bank |  | $ | 2,708 |  |  | $ | 2,473 |
Investment in subsidiary - Chemung Canal Trust Company |  | 157,493 |  |  | 203,373 |
Investment in subsidiary - CFS Group, Inc. |  | 1,294 |  |  | 1,074 |
Investment in subsidiary - Chemung Risk Management, Inc. |  | 2,887 |  |  | 2,661 |
Dividends receivable from subsidiary bank |  | 1,455 |  |  | 1,450 |
Securities available for sale, at estimated fair value |  | 329 |  |  | 391 |
Other assets |  | 1,728 |  |  | 1,517 |
Total assets |  | $ | 167,894 |  |  | $ | 212,939 |
Liabilities and shareholders' equity: |  |  |  |
Dividends payable |  | $ | 1,455 |  |  | $ | 1,450 |
Other liabilities |  | 51 |  |  | 34 |
Total liabilities |  | 1,506 |  |  | 1,484 |
Shareholders' equity: |  |  |  |
Total shareholders' equity |  | 166,388 |  |  | 211,455 |
Total liabilities and shareholders' equity |  | $ | 167,894 |  |  | $ | 212,939 |
Parent Company Statement of Income |
STATEMENTS OF INCOME - YEARS ENDED DECEMBER 31 |  | 2022 |  | 2021 |  |
Dividends from subsidiary bank and non-bank |  | $ | 7,051 |  |  | $ | 6,854 |  |  |
Interest and dividend income |  | 7 |  |  | 4 |  |  |
Non-interest income |  | 10 |  |  | 85 |  |  |
Non-interest expenses |  | 586 |  |  | 432 |  |  |
Income before impact of subsidiaries' undistributed earnings |  | 6,482 |  |  | 6,511 |  |  |
Equity in undistributed earnings of Chemung Canal Trust Company |  | 21,638 |  |  | 19,492 |  |  |
Equity in undistributed earnings of CFS Group, Inc. |  | 220 |  |  | 198 |  |  |
Equity in undistributed earnings of Chemung Risk Management, Inc. |  | 250 |  |  | 98 |  |  |
Income before income tax |  | 28,590 |  |  | 26,299 |  |  |
Income tax benefit |  | (193) |  |  | (126) |  |  |
Net income |  | $ | 28,783 |  |  | $ | 26,425 |  |  |
Parent Company Statement of Cash Flows |
STATEMENTS OF CASH FLOWS - YEARS ENDED DECEMBER 31 |  | 2022 |  | 2021 |  |
Cash flows from operating activities: |  |  |  |  |  |
Net Income |  | $ | 28,783 |  |  | $ | 26,425 |  |  |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
Equity in undistributed earnings of Chemung Canal Trust Company |  | (21,638) |  |  | (19,492) |  |  |
Equity in undistributed earnings of CFS Group, Inc. |  | (220) |  |  | (198) |  |  |
Equity in undistributed earnings of Chemung Risk Management, Inc. |  | (250) |  |  | (98) |  |  |
Change in dividend receivable |  | (5) |  |  | (236) |  |  |
Change in other assets |  | (211) |  |  | (97) |  |  |
Change in other liabilities |  | (733) |  |  | (252) |  |  |
Expense related to employee stock compensation |  | — |  |  | 132 |  |  |
Expense related to restricted stock units directors' deferred compensation plan |  | 20 |  |  | 19 |  |  |
Expense to employee restricted stock awards |  | 795 |  |  | 535 |  |  |
Net cash provided by operating activities |  | 6,541 |  |  | 6,738 |  |  |
Cash flow from financing activities: |  |  |  |  |  |
Cash dividends paid |  | (5,797) |  |  | (5,318) |  |  |
Purchase of treasury stock |  | (933) |  |  | (1,616) |  |  |
Sale of treasury stock |  | 424 |  |  | 426 |  |  |
Net cash used in financing activities |  | (6,306) |  |  | (6,508) |  |  |
Increase (decrease) in cash and cash equivalents |  | 235 |  |  | 230 |  |  |
Cash and cash equivalents at beginning of year |  | 2,473 |  |  | 2,243 |  |  |
Cash and cash equivalents at end of year |  | $ | 2,708 |  |  | $ | 2,473 |  |  |

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