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SEGMENT REPORTING (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Summarized Financial Information Concerning Reportable Segments And Reconciliation To Consolidated Results | The Holding Company, CFS, and CRM columns below includes income and expenses related to insurance products, mutual funds, brokerage services, and captive insurance (in thousands).
Year ended December 31, 2024 |  | Core Banking |  | WMG |  | Holding Company and CFS |  | Inter-Segment Eliminations |  | Consolidated Totals
Interest and dividend income |  | $ | 127,534 |  |  | $ | — |  |  | $ | 36 |  |  | $ | (6) |  |  | $ | 127,564 |
Interest expense |  | 53,511 |  |  | — |  |  | — |  |  | (6) |  |  | 53,505 |
Net interest income |  | 74,023 |  |  | — |  |  | 36 |  |  | — |  |  | 74,059 |
Provision for credit losses |  | (46) |  |  | — |  |  | — |  |  | — |  |  | (46) |
Net interest income after provision for credit losses |  | 74,069 |  |  | — |  |  | 36 |  |  | — |  |  | 74,105 |
Non-interest income |  | 10,633 |  |  | 11,573 |  |  | 1,030 |  |  | (6) |  |  | 23,230 |
Non-interest expenses: |  |  |  |  |  |  |  |  |  |
Compensation expense |  | 29,131 |  |  | 5,672 |  |  | 828 |  |  | — |  |  | 35,631 |
Net occupancy expense |  | 5,583 |  |  | 249 |  |  | 6 |  |  | (6) |  |  | 5,832 |
Furniture and equipment expense |  | 1,542 |  |  | 94 |  |  | 23 |  |  | — |  |  | 1,659 |
Data processing & software expense |  | 8,954 |  |  | 1,120 |  |  | 19 |  |  | — |  |  | 10,093 |
Other non-interest expenses |  | 13,080 |  |  | 546 |  |  | 409 |  |  | — |  |  | 14,035 |
Total non-interest expense |  | 58,290 |  |  | 7,681 |  |  | 1,285 |  |  | (6) |  |  | 67,250 |
Income (loss) before income tax expense |  | 26,412 |  |  | 3,892 |  |  | (219) |  |  | — |  |  | 30,085 |
Income tax expense (benefit) |  | 5,651 |  |  | 833 |  |  | (70) |  |  | — |  |  | 6,414 |
Segment net income (loss) |  | $ | 20,761 |  |  | $ | 3,059 |  |  | $ | (149) |  |  | $ | — |  |  | $ | 23,671 |
Supplemental Information: |  |  |  |  |  |  |  |  |  |
Total assets as of December 31, 2024 |  | $ | 2,746,344 |  |  | $ | 2,882 |  |  | $ | 215,366 |  |  | $ | (188,445) |  |  | $ | 2,776,147 |
Capital expenditures 1 |  | $ | 3,626 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3,626 |
Depreciation expense 2 |  | $ | 1,797 |  |  | $ | 17 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,814 |
1 Includes expenditures related to ATM fleet replacement across footprint and the addition of a new branch. 2 Included in net occupancy and furniture and equipment expense in the table above.
Year ended December 31, 2023 |  | Core Banking |  | WMG |  | Holding Company, CFS,CRM 1 |  | Inter-Segment Eliminations |  | Consolidated Totals
Interest and dividend income |  | $ | 112,947 |  |  | $ | — |  |  | $ | 132 |  |  | $ | (5) |  |  | $ | 113,074 |
Interest expense |  | 38,622 |  |  | — |  |  | — |  |  | (5) |  |  | 38,617 |
Net interest income |  | 74,325 |  |  | — |  |  | 132 |  |  | — |  |  | 74,457 |
Provision for credit losses |  | 3,262 |  |  | — |  |  | — |  |  |  |  | 3,262 |
Net interest income after provision for credit losses |  | 71,063 |  |  | — |  |  | 132 |  |  | — |  |  | 71,195 |
Non-interest income |  | 13,156 |  |  | 10,460 |  |  | 1,890 |  |  | (957) |  |  | 24,549 |
Non-interest expenses: |  |  |  |  |  |  |  |  |  |
Compensation expense |  | 27,639 |  |  | 5,169 |  |  | 716 |  |  | — |  |  | 33,524 |
Net occupancy expense |  | 5,414 |  |  | 223 |  |  | 6 |  |  | (6) |  |  | 5,637 |
Furniture and equipment expense |  | 1,622 |  |  | 86 |  |  | 20 |  |  | — |  |  | 1,728 |
Data processing & software expense |  | 8,655 |  |  | 1,155 |  |  | 30 |  |  | — |  |  | 9,840 |
Other non-interest expenses |  | 13,569 |  |  | 428 |  |  | 468 |  |  | (951) |  |  | 13,514 |
Total non-interest income |  | 56,899 |  |  | 7,061 |  |  | 1,240 |  |  | (957) |  |  | 64,243 |
Income (loss) before income tax expense |  | 27,320 |  |  | 3,399 |  |  | 782 |  |  | — |  |  | 31,501 |
Income tax expense (benefit) |  | 5,869 |  |  | 730 |  |  | (98) |  |  | — |  |  | 6,501 |
Segment net income (loss) |  | $ | 21,451 |  |  | $ | 2,669 |  |  | $ | 880 |  |  | $ | — |  |  | $ | 25,000 |
Total assets as of December 31, 2023 |  | $ | 2,689,903 |  |  | $ | 2,702 |  |  | $ | 196,580 |  |  | $ | (178,656) |  |  | $ | 2,710,529 |
Capital expenditures |  | $ | 540 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 540 |
Depreciation expense 2 |  | $ | 1,983 |  |  | $ | 18 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,001 |
1 Chemung Risk Management, Inc. (CRM) was dissolved December 6, 2023. 2 Included in net occupancy and furniture and equipment expense in the table above.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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