SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Summarized Financial Information Showing Reconciliation of Segment Net Income Loss and Assets to Consolidated Results

The Holding Company and CFS columns below include amounts to eliminate transactions between segments (in thousands).

	Three months ended March 31, 2024
	Core Banking		WMG		Holding Company, and CFS		Consolidated Totals
Interest and dividend income	$	31,211	$	—	$	8	$	31,219
Interest expense	13,130		—		—		13,130
Net interest income	18,081		—		8		18,089
Provision for credit losses	(2,040)		—		—		(2,040)
Net interest income after provision for credit losses	20,121		—		8		20,129
Other non-interest income	2,742		2,703		212		5,657
Other non-interest expenses	14,539		1,895		264		16,698
Income (loss) before income tax expense (benefit)	8,324		808		(44)		9,088
Income tax expense (benefit)	1,870		182		(14)		2,038
Segment net income (loss)	$	6,454	$	626	$	(30)	$	7,050
Segment assets	$	2,778,785	$	2,898	$	3,207	$	2,784,890

	Three months ended March 31, 2023
	Core Banking		WMG		Holding Company, CFS, and CRM(1)		Consolidated Totals
Interest and dividend income	$	26,203	$	—	$	27	$	26,230
Interest expense	6,283		—				6,283
Net interest income	19,920		—		27		19,947
Provision for credit losses	277		—		—		277
Net interest income after provision for credit losses	19,643		—		27		19,670
Other non-interest income	2,651		2,580		192		5,423
Other non-interest expenses	13,696		1,798		342		15,836
Income (loss) before income tax expense (benefit)	8,598		782		(123)		9,257
Income tax expense (benefit)	1,831		177		(21)		1,987
Segment net income (loss)	$	6,767	$	605	$	(102)	$	7,270
Segment assets	$	2,644,158	$	2,538	$	1,714	$	2,654,183

(1)Chemung Risk Management, Inc. (CRM) was dissolved December 6, 2023.