v3.25.2
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2023 $ 195,241 $ 53 $ 47,773 $ 229,930 $ (16,502) $ (66,013)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income (loss) 12,037     12,037    
Other comprehensive (loss) income (3,898)         (3,898)
Restricted stock awards 613   613      
Restricted stock units for directors' deferred compensation plan 10   10      
Distribution of shares of treasury stock grants for employee restricted stock awards 0   (171)   171  
Cash dividends declared (2,946)     (2,946)    
Distribution of shares of treasury stock for directors' compensation 0   (217)   217  
Repurchase of shares of common stock (82)       (82)  
Sale of shares of treasury stock [1] 247   89   158  
Forfeitures of shares of restricted stock awards 0   5   (5)  
Ending balance at Jun. 30, 2024 201,222 53 48,102 239,021 (16,043) (69,911)
Beginning balance at Mar. 31, 2024 197,128 53 47,794 235,506 (16,147) (70,078)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income (loss) 4,987     4,987    
Other comprehensive (loss) income 167         167
Restricted stock awards 305   305      
Restricted stock units for directors' deferred compensation plan 5   5      
Distribution of shares of treasury stock grants for employee restricted stock awards 0   (39)   39  
Cash dividends declared (1,472)     (1,472)    
Sale of shares of treasury stock [2] 102   32   70  
Forfeitures of shares of restricted stock awards     5   (5)  
Ending balance at Jun. 30, 2024 201,222 53 48,102 239,021 (16,043) (69,911)
Beginning balance at Dec. 31, 2024 215,309 53 48,783 247,705 (16,167) (65,065)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income (loss) (429)     (429)    
Other comprehensive (loss) income 22,360         22,360
Restricted stock awards 641   641      
Restricted stock units for directors' deferred compensation plan 11   11      
Distribution of shares of treasury stock grants for employee restricted stock awards 0   (802)   802  
Cash dividends declared (3,065)     (3,065)    
Distribution of shares of treasury stock for directors' compensation 0   (222)   222  
Repurchase of shares of common stock (90)       (90)  
Sale of shares of treasury stock [1] 229   91   138  
Ending balance at Jun. 30, 2025 234,966 53 48,502 244,211 (15,095) (42,705)
Beginning balance at Mar. 31, 2025 228,306 53 48,157 252,195 (15,180) (56,919)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income (loss) (6,452)     (6,452)    
Other comprehensive (loss) income 14,214         14,214
Restricted stock awards 347   347      
Restricted stock units for directors' deferred compensation plan 5   5      
Distribution of shares of treasury stock grants for employee restricted stock awards 0   (38)   38  
Cash dividends declared (1,532)     (1,532)    
Repurchase of shares of common stock (5)       (5)  
Sale of shares of treasury stock [2] 83   31   52  
Ending balance at Jun. 30, 2025 $ 234,966 $ 53 $ 48,502 $ 244,211 $ (15,095) $ (42,705)
[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
[2] 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.