v3.26.3
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, 2024 $ 215,309 $ 53 $ 48,783 $ 247,705 $ (16,167) $ (65,065)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 7,363     7,363    
Other comprehensive income (loss) 25,989         25,989
Restricted stock awards 980   980      
Restricted stock units for directors' deferred compensation plan 17   17      
Distribution of shares of treasury stock grants for employee restricted stock awards 0   (810)   810  
Cash dividends declared (4,695)     (4,695)    
Distribution of shares of treasury stock for directors' compensation 0   (222)   222  
Withholding of shares of common stock [1] (101)       (101)  
Sale of shares of treasury stock [2] 462   189   273  
Forfeitures of shares of restricted stock awards (16)   90   (106)  
Ending balance at Sep. 30, 2025 245,308 53 49,027 250,373 (15,069) (39,076)
Beginning balance at Jun. 30, 2025 234,966 53 48,502 244,211 (15,095) (42,705)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 7,792     7,792    
Other comprehensive income (loss) 3,629         3,629
Restricted stock awards 339   339      
Restricted stock units for directors' deferred compensation plan 6   6      
Distribution of shares of treasury stock grants for employee restricted stock awards 0   (8)   8  
Cash dividends declared (1,630)     (1,630)    
Withholding of shares of common stock [3] (11)       (11)  
Sale of shares of treasury stock [4] 233   98   135  
Forfeitures of shares of restricted stock awards (16)   90   (106)  
Ending balance at Sep. 30, 2025 245,308 53 49,027 250,373 (15,069) (39,076)
Beginning balance at Dec. 31, 2025 254,709 53 49,547 256,484 (15,322) (36,053)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 30,716     30,716    
Other comprehensive income (loss) (8,196)         (8,196)
Restricted stock awards 1,183   1,183      
Restricted stock units for directors' deferred compensation plan 18   18      
Distribution of shares of treasury stock grants for employee restricted stock awards 0   (691)   691  
Cash dividends declared (5,013)     (5,013)    
Distribution of shares of treasury stock for directors' compensation 0   (230)   230  
Withholding of shares of common stock [1] (242)       (242)  
Sale of shares of treasury stock [2] 346   181   165  
Forfeitures of shares of restricted stock awards (9)   111   (120)  
Ending balance at Sep. 30, 2026 273,512 53 50,119 282,187 (14,598) (44,249)
Beginning balance at Jun. 30, 2026 270,361 53 49,638 271,216 (14,601) (35,945)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 12,707     12,707    
Other comprehensive income (loss) (8,304)         (8,304)
Restricted stock awards 447   447      
Restricted stock units for directors' deferred compensation plan 6   6      
Distribution of shares of treasury stock grants for employee restricted stock awards 0   (27)   27  
Cash dividends declared (1,736)     (1,736)    
Withholding of shares of common stock [3] (58)       (58)  
Sale of shares of treasury stock [4] 89   55   34  
Ending balance at Sep. 30, 2026 $ 273,512 $ 53 $ 50,119 $ 282,187 $ (14,598) $ (44,249)
[1] Withheld shares of common stock represent shares withheld to cover employee taxes on vesting shares.
[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
[3] Withheld shares of common stock represent shares withheld to cover employee taxes on vesting shares.
[4] 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.