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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 (loss) (429)     (429)    
Other comprehensive income (loss) 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  
Withholding of shares of common stock [1] (90)       (90)  
Sale of shares of treasury stock [2] 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 income (loss) 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)    
Withholding of shares of common stock [3] (5)       (5)  
Sale of shares of treasury stock [4] 83   31   52  
Ending balance at Jun. 30, 2025 234,966 53 48,502 244,211 (15,095) (42,705)
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 (loss) 18,009     18,009    
Other comprehensive income (loss) 108         108
Restricted stock awards 736   736      
Restricted stock units for directors' deferred compensation plan 12   12      
Distribution of shares of treasury stock grants for employee restricted stock awards 0   (664)   664  
Cash dividends declared (3,277)     (3,277)    
Distribution of shares of treasury stock for directors' compensation 0   (230)   230  
Withholding of shares of common stock [1] (184)       (184)  
Sale of shares of treasury stock [2] 257   126   131  
Forfeitures of shares of restricted stock awards (9)   111   (120)  
Ending balance at Jun. 30, 2026 270,361 53 49,638 271,216 (14,601) (35,945)
Beginning balance at Mar. 31, 2026 262,929 53 49,194 264,044 (14,638) (35,724)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income (loss) 8,810     8,810    
Other comprehensive income (loss) (221)         (221)
Restricted stock awards 387   387      
Restricted stock units for directors' deferred compensation plan 6   6      
Cash dividends declared (1,638)     (1,638)    
Withholding of shares of common stock [3] (11)       (11)  
Sale of shares of treasury stock [4] 99   51   48  
Ending balance at Jun. 30, 2026 $ 270,361 $ 53 $ 49,638 $ 271,216 $ (14,601) $ (35,945)
[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.