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ACQUISITIONS (Tables)
 12 Months Ended
Dec. 31, 2019
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:


        
2019
          
2018
    
2017
  
(000s omitted)
  
Kinderhook
    
Other (1)
    
Total
    
Other (2)
    
NRS
    
Merchants
    
Other (3)
    
Total
  
Consideration paid :
                                                
Cash
  
$
93,384
    
$
1,650
    
$
95,034
    
$
1,753
    
$
70,073
    
$
82,898
    
$
6,775
    
$
159,746
  
Community Bank System, Inc. common stock
    
0
      
0
      
0
      
0
      
78,483
      
262,254
      
2,395
      
343,132
  
   Total net consideration paid
    
93,384
      
1,650
      
95,034
      
1,753
      
148,556
      
345,152
      
9,170
      
502,878
  
Recognized amounts of identifiable assets acquired and liabilities assumed:
                                                                
Cash and cash equivalents
    
90,381
      
0
      
90,381
      
16
      
11,063
      
40,730
      
339
      
52,132
  
Investment securities
    
39,770
      
0
      
39,770
      
0
      
20,294
      
370,648
      
0
      
390,942
  
Loans
    
479,877
      
0
      
479,877
      
0
      
0
      
1,488,157
      
0
      
1,488,157
  
Premises and equipment
    
13,970
      
0
      
13,970
      
10
      
411
      
16,608
      
27
      
17,046
  
Accrued interest and fees receivable
    
1,130
      
0
      
1,130
      
0
      
72
      
4,773
      
0
      
4,845
  
Other assets
    
14,109
      
0
      
14,109
      
105
      
8,088
      
51,585
      
583
      
60,256
  
Core deposit intangibles
    
3,573
      
0
      
3,573
      
0
      
0
      
23,214
      
0
      
23,214
  
Other intangibles
    
0
      
1,650
      
1,650
      
1,343
      
60,200
      
2,857
      
5,626
      
68,683
  
Deposits
    
(568,161
)
    
0
      
(568,161
)
    
0
      
0
      
(1,448,406
)
    
0
      
(1,448,406
)
Other liabilities
    
(3,259
)
    
0
      
(3,259
)
    
(31
)
    
(26,828
)
    
(11,750
)
    
(1,155
)
    
(39,733
)
Short-term advances
    
0
      
0
      
0
      
0
      
0
      
(80,000
)
    
0
      
(80,000
)
Securities sold under agreement to repurchase, short-term
    
0
      
0
      
0
      
0
      
0
      
(278,076
)
    
0
      
(278,076
)
Other Federal Home Loan Bank borrowings
    
(2,420
)
    
0
      
(2,420
)
    
0
      
0
      
(3,615
)
    
0
      
(3,615
)
Subordinated notes payable
    
(13,831
)
    
0
      
(13,831
)
    
0
      
0
      
0
      
0
      
0
  
Subordinated debt held by unconsolidated subsidiary trusts
    
(2,062
)
    
0
      
(2,062
)
    
0
      
0
      
(20,619
)
    
0
      
(20,619
)
Total identifiable assets, net
    
53,077
      
1,650
      
54,727
      
1,443
      
73,300
      
156,106
      
5,420
      
234,826
  
Goodwill
  
$
40,307
    
$
0
    
$
40,307
    
$
310
    
$
75,256
    
$
189,046
    
$
3,750
    
$
268,052
  

(1) Includes amounts related to both acquisitions completed by CISI in 2019.
(2) Includes amounts related to the Penna, Styles Bridges and HR Consultants acquisitions.
(3) Includes amounts related to the BAS, Dryfoos, NECM and GBR acquisitions. 
Loans Acquired
The following is a summary of the loans acquired from Kinderhook at the date of acquisition:


  
Acquired
    
Acquired
    
Total
  
   
Impaired
    
Non-impaired
    
Acquired
  
(000s omitted)
  
Loans
    
Loans
    
Loans
  
Contractually required principal and interest at acquisition
  
$
13,350
    
$
636,384
    
$
649,734
  
Contractual cash flows not expected to be collected
    
(4,176
)
    
(5,472
)
    
(9,648
)
Expected cash flows at acquisition
    
9,174
      
630,912
      
640,086
  
Interest component of expected cash flows
    
(551
)
    
(159,658
)
    
(160,209
)
Fair value of acquired loans
  
$
8,623
    
$
471,254
    
$
479,877
  

The following is a summary of the loans acquired from Merchants at the date of acquisition:


  
Acquired
    
Acquired
    
Total
  
   
Impaired
    
Non-impaired
    
Acquired
  
(000s omitted)
  
Loans
    
Loans
    
Loans
  
Contractually required principal and interest at acquisition
  
$
15,454
    
$
1,872,574
    
$
1,888,028
  
Contractual cash flows not expected to be collected
    
(5,385
)
    
(14,753
)
    
(20,138
)
Expected cash flows at acquisition
    
10,069
      
1,857,821
      
1,867,890
  
Interest component of expected cash flows
    
(793
)
    
(378,940
)
    
(379,733
)
Fair value of acquired loans
  
$
9,276
    
$
1,478,881
    
$
1,488,157
  
Pro Forma Financial Information
The pro forma information set forth below reflects the historical results of Kinderhook, Merchants, and NRS combined with the Company’s consolidated statement of income with adjustments related to (a) certain purchase accounting fair value adjustments and (b) amortization of customer lists and core deposit intangibles.  Acquisition expenses related to the Kinderhook transaction totaling $8.0 million for the year ended December 31, 2019 were included in the pro forma information as if they were incurred in 2018. Acquisition expenses related to the Merchants and NRS transactions totaling $25.7 million for the year ended December 31, 2017 were included in the pro forma information as if they were incurred in 2016.


  
Pro Forma (Unaudited)
Year Ended December 31,
  
(000’s omitted)
  
2019
    
2018
    
2017
    
2016
  
Total revenue, net of interest expense
  
$
602,817
    
$
594,174
    
$
546,977
    
$
536,183
  
Net income
    
178,427
      
167,914
      
176,257
      
109,186