XML 127 R110.htm IDEA: XBRL DOCUMENT v3.24.0.1
PARENT COMPANY FINANCIAL INFORMATION - STATEMENTS OF CASH FLOWS (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net income $ 25,000 $ 28,783
Adjustments to reconcile net income to net cash provided by operating activities:    
Change in other assets (1,298) (28,071)
Change in other liabilities (1,271) 25,529
Net cash provided by operating activities 30,881 35,047
Cash flow from investing activities:    
Net cash (used by) provided by investing activities (82,381) (252,620)
Cash flow from financing activities:    
Cash dividends paid (5,840) (5,797)
Purchase of treasury stock (316) (933)
Sale of treasury stock 601 424
Net cash (used in) provided by financing activities 32,478 246,461
Increase (decrease) in cash and cash equivalents (19,022) 28,888
Cash and cash equivalents, beginning of period 55,869  
Cash and cash equivalents, end of period 36,847 55,869
Parent Company    
Cash flows from operating activities:    
Net income 25,000 28,783
Adjustments to reconcile net income to net cash provided by operating activities:    
Change in dividend receivable (14) (5)
Change in other assets (122) (211)
Change in other liabilities (1,085) (733)
Expense related to restricted stock units directors' deferred compensation plan 20 20
Expense to employee restricted stock awards 1,139 795
Net cash provided by operating activities 6,848 6,541
Cash flow from investing activities:    
Proceeds from dissolution of Chemung Risk Management, Inc. 2,634 0
Net cash (used by) provided by investing activities 2,634 0
Cash flow from financing activities:    
Cash dividends paid (5,840) (5,797)
Purchase of treasury stock (316) (933)
Sale of treasury stock 601 424
Net cash (used in) provided by financing activities (5,555) (6,306)
Increase (decrease) in cash and cash equivalents 3,927 235
Cash and cash equivalents, beginning of period 2,708 2,473
Cash and cash equivalents, end of period 6,635 2,708
Parent Company | Chemung Canal Trust Company    
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity in undistributed earnings (18,267) (21,638)
Parent Company | CFS Group Inc.    
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity in undistributed earnings (124) (220)
Parent Company | Chemung Risk Management    
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity in undistributed earnings $ 301 $ (250)