ACQUISITIONS (Tables)

3 Months Ended

Mar. 31, 2017

ACQUISITIONS [Abstract]

Estimated Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair value of the assets acquired and liabilities assumed after considering the measurement period adjustments described above:

	2017										2016
(000s omitted)	BAS		NRS			Dryfoos		Total			WJL
Consideration paid :
Cash	$	1,200	$	70,073		$	3,307	$	74,580		$	575
Community Bank System, Inc. common stock		0		78,483			0		78,483			0
Total net consideration paid		1,200		148,556			3,307		153,063			575
Recognized amounts of identifiable assets acquired and liabilities assumed:
Cash and cash equivalents		0		11,063			0		11,063			0
Investment securities		0		20,294			0		20,294			0
Premises and equipment		0		411			0		411			0
Accrued interest receivable		0		75			0		75			0
Other assets		0		10,819			0		10,819			0
Other intangibles		1,200		60,200			1,657		63,057			288
Other liabilities		0		(30,500	)		0		(30,500	)		0
Total identifiable assets, net		1,200		72,362			1,657		75,219			288
Goodwill	$	0	$	76,194		$	1,650	$	77,844		$	287

Pro Forma Financial Information

The pro forma information set forth below reflects the historical results of NRS combined with the Company’s consolidated statement of income with adjustments related to amortization of customer lists intangibles.

(000’s omitted)	Pro Forma (Unaudited) Three Months Ended  March 31, 2016
Total revenue, net of interest expense	$	112,694
Net income		24,358