Chemung Financial (CHMG) 10-Q 12 May 22 2022 Q1 Quarterly report Financial data

COVER

COVER - shares	3 Months Ended
	Mar. 31, 2022	May 06, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	001-35741
Entity Registrant Name	CHEMUNG FINANCIAL CORP
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	16-1237038
Entity Address, Address Line One	One Chemung Canal Plaza
Entity Address, City or Town	Elmira
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	14901
City Area Code	607
Local Phone Number	737-3711
Title of 12(b) Security	Common stock, par value $.01 per share
Trading Symbol	CHMG
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		4,673,953
Entity Central Index Key	0000763563
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Cash and due from financial institutions	$ 21,757	$ 17,365
Interest-earning deposits in other financial institutions	43,726	9,616
Total cash and cash equivalents	65,483	26,981
Equity investments, at estimated fair value	2,949	2,964
Securities available for sale, at estimated fair value	746,343	792,026
Securities held to maturity, estimated fair value of $3,576 at March 31, 2022   and $3,796 at December 31, 2021	3,576	3,790
FHLBNY and FRBNY Stock, at cost	3,576	4,218
Loans, net of deferred loan fees	1,566,525	1,518,249
Allowance for loan losses	(19,928)	(21,025)
Loans, net	1,546,597	1,497,224
Loans held for sale	345	396
Premises and equipment, net	17,260	17,969
Operating lease right-of-use assets	7,035	7,234
Goodwill	21,824	21,824
Other intangible assets, net	4	15
Bank-owned life insurance	2,836	2,825
Accrued interest receivable and other assets	57,067	41,009
Total assets	2,474,895	2,418,475
Deposits:
Non-interest-bearing	726,699	739,607
Interest-bearing	1,522,893	1,415,826
Total deposits	2,249,592	2,155,433
FHLBNY overnight advances	0	14,570
Long term finance lease obligation	3,527	3,594
Operating lease liabilities	7,186	7,378
Dividends payable	1,449	1,450
Accrued interest payable and other liabilities	27,631	24,595
Total liabilities	2,289,385	2,207,020
Shareholders' equity:
Common stock, $0.01 par value per share, 10,000,000 shares authorized;   5,310,076 issued at March 31, 2022 and December 31, 2021	53	53
Additional paid-in capital	46,880	46,901
Retained earnings	194,295	188,877
Treasury stock, at cost; 637,003 shares at March 31, 2022 and 636,720   shares at December 31, 2021	(18,113)	(17,846)
Accumulated other comprehensive income (loss)	(37,605)	(6,530)
Total shareholders' equity	185,510	211,455
Total liabilities and shareholders' equity	$ 2,474,895	$ 2,418,475

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Securities held to maturity, estimated fair value	$ 3,576	$ 3,796
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	10,000,000	10,000,000
Common stock, shares issued (in shares)	5,310,076	5,310,076
Treasury stock, at cost (in shares)	637,003	636,720

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Interest and dividend income:
Loans, including fees		$ 14,481	$ 14,617
Taxable securities		2,688	1,802
Tax exempt securities		270	261
Interest-earning deposits		19	60
Total interest and dividend income		17,458	16,740
Interest expense:
Deposits		748	921
Borrowed funds		33	33
Total interest expense		781	954
Net interest income		16,677	15,786
Provision (credit) for loan losses		(1,145)	(259)
Net interest income after provision for loan losses		17,822	16,045
Non-interest income:
Changes in fair value of equity investments		(113)	86
Net gains on sales of loans held for sale		74	300
Net gains (losses) on sales of other real estate owned		0	(18)
Income from bank-owned life insurance		11	15
Other		940	720
Total non-interest income		5,663	5,621
Non-interest expenses:
Salaries and wages		6,223	5,762
Pension and other employee benefits		1,718	1,459
Other components of net periodic pension and postretirement benefits		(408)	(391)
Net occupancy		1,427	1,523
Furniture and equipment		437	366
Data processing		2,187	2,003
Professional services		521	454
Amortization of intangible assets		11	101
Marketing and advertising		276	126
Other real estate owned		(37)	12
FDIC insurance		314	390
Loan expense		215	234
Other		1,784	1,314
Total non-interest expenses		14,668	13,353
Income before income tax expense		8,817	8,313
Income tax expense		1,950	1,783
Net income		$ 6,867	$ 6,530
Weighted average shares outstanding, basic (in shares)	[1]	4,689	4,690
Weighted average shares outstanding, diluted (in shares)	[1]	4,689	4,690
Basic earnings per share (in dollars per share)		$ 1.46	$ 1.39
Diluted earnings per share (in dollars per share)		$ 1.46	$ 1.39
WMG fee income
Non-interest income:
Revenues from contracts with customer		$ 2,757	$ 2,678
Service charges on deposit accounts
Non-interest income:
Revenues from contracts with customer		864	717
Interchange revenue from debit card transactions
Non-interest income:
Revenues from contracts with customer		$ 1,130	$ 1,123
[1]	*Retroactive implementation of the Corporation's 2021 Equity Incentive Plan required a change in methodology used to calculate weighted average outstanding shares.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 6,867	$ 6,530
Other comprehensive loss
Net unrealized losses	(42,115)	(13,632)
Tax effect	(11,028)	(3,479)
Net of tax amount	(31,087)	(10,153)
Change in funded status of defined benefit pension plan and other benefit plans:
Reclassification adjustment for amortization of prior service costs	0	(55)
Reclassification adjustment for amortization of net actuarial loss	14	55
Total before tax effect	14	0
Tax effect	2	0
Net of tax amount	12	0
Total other comprehensive loss	(31,075)	(10,153)
Comprehensive loss	$ (24,208)	$ (3,623)

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands		Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Loss
Beginning balance at Dec. 31, 2020		$ 199,699	$ 53	$ 46,764	$ 168,006	$ (17,525)	$ 2,401
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Net income		6,530			6,530
Other comprehensive loss		(10,153)					(10,153)
Restricted stock awards		136		136
Restricted stock units for directors' deferred compensation plan		5		5
Cash dividends declared		(1,211)			(1,211)
Distribution of shares of treasury stock for directors' compensation		317		64		253
Distribution of shares of treasury stock for employee compensation		132		27		105
Repurchase of shares of common stock		(801)				(801)
Sale of shares of treasury stock	[1]	130		29		101
Ending balance at Mar. 31, 2021		194,784	53	47,025	173,325	(17,867)	(7,752)
Beginning balance at Dec. 31, 2021		211,455	53	46,901	188,877	(17,846)	(6,530)
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Net income		6,867			6,867
Other comprehensive loss		(31,075)					(31,075)
Restricted stock awards		179		179
Restricted stock units for directors' deferred compensation plan		5		5
Cash dividends declared		(1,449)			(1,449)
Distribution of shares of treasury stock grants for employee restricted stock awards		0		(112)		112
Distribution of shares of treasury stock for directors' compensation		105		(139)		244
Repurchase of shares of common stock		(695)				(695)
Sale of shares of treasury stock	[1]	118		46		72
Ending balance at Mar. 31, 2022		$ 185,510	$ 53	$ 46,880	$ 194,295	$ (18,113)	$ (37,605)
[1]	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.

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Distribution of shares of treasury stock for employee restricted stock awards (in shares)	3,985
Cash dividends declared (in dollars per share)	$ 0.31	$ 0.26
Distribution of shares of treasury stock for directors' compensation (in shares)	8,575	9,291
Distribution of shares of treasury stock for employee stock compensation (in shares)		3,860
Purchase of shares of treasury stock (in shares)	15,388	22,875
Sale of shares of treasury stock (in shares)	2,545	3,691

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 6,867	$ 6,530
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization (increase in) of right-of-use assets	199	(190)
Amortization of intangible assets	11	101
Provision for loan losses	(1,145)	(259)
Loss on disposal of fixed assets	20	0
Depreciation and amortization of fixed assets	579	666
Amortization of premiums on securities, net	1,146	1,274
Gain on sales of loans held for sale, net	(74)	(300)
Proceeds from sales of loans held for sale	3,901	6,941
Loans originated and held for sale	(3,776)	(6,766)
Net losses on sale of other real estate owned	0	18
Net change in fair value of equity investments	113	(86)
Purchase of equity investments	(98)	(90)
(Increase) Decrease in other assets and accrued interest receivable	(4,905)	894
Increase in accrued interest payable	17	28
Expense related to restricted stock units for directors' deferred compensation plan	5	5
Expense related to employee stock compensation	0	132
Expense related to employee restricted stock awards	179	136
Increases in (payments on) operating leases	(192)	198
Increase (decrease) in other liabilities	3,148	(1,012)
Income from bank owned life insurance	(11)	(15)
Net cash provided by operating activities	5,984	8,205
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from maturities, calls, and principal paydowns on securities available for sale	24,813	39,219
Proceeds from maturities and principal collected on securities held to maturity	211	11
Purchases of securities available for sale	(22,388)	(125,706)
Purchase of FHLBNY and FRBNY stock	(1,304)	(14)
Redemption of FHLBNY and FRBNY stock	1,946	0
Proceeds from sales of fixed assets	125	0
Purchases of premises and equipment	(15)	(88)
Proceeds from sale of other real estate owned	0	128
Proceeds from bank owned life insurance	0	287
Net increase in loans	(48,365)	(44,242)
Net cash used in investing activities	(44,977)	(130,405)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in demand deposits, interest-bearing demand accounts, savings accounts, and insured money market accounts	35,187	159,586
Increase in time deposits	58,972	13,021
Repayments of FHLB overnight advances	(14,570)	0
Payments made on finance leases	(67)	(61)
Purchase of treasury stock	(695)	(801)
Sale of treasury stock	118	130
Cash dividends paid	(1,450)	(1,214)
Net cash provided by financing activities	77,495	170,661
Net increase in cash and cash equivalents	38,502	48,461
Cash and cash equivalents, beginning of period	26,981	108,538
Cash and cash equivalents, end of period	65,483	156,999
Cash paid for:
Interest	764	926
Income taxes	115	550
Supplemental disclosure of non-cash activity:
Transfer of loans to other real estate owned	137	0
Dividends declared, not yet paid	1,449	1,211
Repurchase of common stock in lieu of employee payroll taxes	53	80
Distribution of treasury stock for directors' compensation	105	317
Distribution of treasury stock for deferred directors' compensation	$ 6	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization The Corporation, through its wholly-owned subsidiaries, the Bank and CFS, provides a wide range of banking, financing, fiduciary and other financial services to its clients. The Corporation and the Bank are subject to the regulations of certain federal and state agencies and undergo periodic examinations by those regulatory authorities. CRM, a wholly-owned subsidiary of the Co rporation, which was formed and began operations on May 31, 2016, is a Nevada-based captive insurance company which insures against certain risks unique to the operations of the Corporation and its subsidiaries and for which insurance may not be currently available or economically feasible in today's insurance marketplace. CRM pools resources with several other similar insurance company subsidiaries of financial institutions to spread a limited amount of risk among themselves. CRM is subject to regulations of the State of Nevada and undergoes periodic examinations by the Nevada Division of Insurance. Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in conformity with GAAP for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Article 8 of Regulation S-X of the Exchange Act. These financial statements include the accounts of the Corporation and its subsidiaries, and all significant intercompany balances and transactions are eliminated in consolidation. Amounts in the prior periods' consolidated financial statements are reclassified whenever necessary to conform to the current period's presentation. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and disclosures provided, and actual results could differ. In the opinion of management, all adjustments (consisting of normal recurring adjustments) and disclosures necessary for the fair presentation of the accompanying consolidated financial statements have been included. The unaudited consolidated financial statements should be read in conjunction with the Corporation's 2021 Annual Report on Form 10-K for the year ended December 31, 2021. The results of operations for any interim periods are not necessarily indicative of the results which may be expected for the entire year or any other period. Reclassifications Amounts in the prior year financial statements are reclassified whenever necessary to conform to the current year's presentation. Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . The objective of the ASU is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date by replacing the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to form credit loss estimates. The amendments in this ASU are effective for public companies for fiscal years beginning after December 15, 2019, though entities may adopt the amendments earlier for fiscal years beginning after December 15, 2018. In November 2019, the FASB adopted changes to delay the effective date of ASU 2016-13 to January 2023 for certain entities, including certain Securities and Exchange Commission filers, public business entities, and private companies. As a smaller reporting company, the Corporation is eligible for the delay. The Corporation has established a committee to oversee the implementation of CECL and has selected a vendor to assist in the implementation process. The model chosen utilizes a loss driver analysis which includes reasonable and supportable forecasts to estimate future losses. This analysis includes different methods such as discounted cash flows, remaining life and vintage analysis, which are used depending on the nature of the portfolio segment. The Corporation is running its current incurred loss model and a CECL model concurrently. The Corporation is in the process of updating its policies and internal controls accordingly. The Corporation expects to recognize a one-time cumulative-effect adjustment to our allowance for loan losses upon adoption of CECL, effective of January 1, 2023, consistent with regulatory expectations set forth in interagency guidance. In March 2022, the FASB issued ASU 2022-01, Derivatives and Hedging (Topic 815): Fair Value Hedging-Portfolio Layer Method. The amendments in this ASU expand the current last-of-layer hedging model from a single-layer method to allow multiple hedged layers of a single closed portfolio. To reflect that expansion, the last-of-layer method is renamed the portfolio layer method. In addition, ASU 2022-01 (1) expands the scope of the portfolio layer method to include non-prepayable assets, (2) specifies eligible hedging instruments in a single-layer hedge, (3) provides additional guidance on the accounting for and disclosure of hedge basis adjustments under the portfolio layer method and (4) specifies how edge basis adjustments should be considered when determining credit losses for the assets included in the closed portfolio. ASU 2022-01 is effective for interim and annual periods beginning after December 15, 2022, although early adoption is permitted. Upon adoption, ASU 2022-01 is not expected to have a significant impact on the Corporation's financial condition or results of operations. In March 2022, the FASB issued ASU 2022-02, Financial Instruments-Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. The ASU made certain targeted amendments specific to troubled debt restructurings (TDRs) by creditors and vintage disclosure related to gross write-offs. Upon adoption, the Corporation will be required to apply the loan and refinancing and restructuring guidance to determine whether a modification results in a new loan or a continuation of an existing loan, rather than applying the recognition and measurement guidance for TDRs. The ASU also requires companies to disclose current-period gross write-offs by year of origination for financing receivables and net investment in leases within scope of Subtopic 326-20. ASU 2022-02 is effective March 31, 2023, for entities that have adopted ASU 2016-13, otherwise the effective date is the same as ASU 2016-13. The Corporation will adopt ASU 2016-13 effective January 1, 2023 and will simultaneously implement ASU 2022-02. Risks and Uncertainties - COVID-19 The Corporation's unaudited consolidated financial statements reflect estimates and assumptions that affect the reported amounts of assets and liabilities, including the amount of the allowance for loan losses established. Management evaluated the potential impact of the COVID-19 pandemic as it related to the loan portfolio. As part of this analysis, management identified what it believes to be higher risk loans through a detailed analysis of industry codes. During 2020, management increased certain allowance qualitative factors based on an assessment of the impact of the current pandemic on local, national and global economic conditions as well as the perceived risks inherent in specific industries and credit characteristics. Management has taken actions to identify and assess additional possible credit exposure due to the COVID-19 pandemic based upon the industry types within the current loan portfolio. While most industries have and will continue to experience adverse impacts as a result of the COVID-19 pandemic, management has designated certain industries as most impacted by COVID-19. For a discussion of the effect of COVID-19 on our business, see pages 46-47 of this Form 10-Q.

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
EARNINGS PER COMMON SHARE	EARNINGS PER COMMON SHARE (shares in thousands)Basic earnings per share is net income divided by the weighted average number of common shares outstanding during the period. Issuable shares, including those related to directors’ restricted stock shares, are considered outstanding and are included in the computation of basic earnings per share. All outstanding unvested share-based payment awards that contain rights to nonforfeitable dividends are considered participating securities for this calculation. Restricted stock awards are grants of participating securities and are considered outstanding at grant date. Earnings per share information is adjusted to present comparative results for stock splits and stock dividends that occur. Earnings per share were computed by dividing net income by 4,689 and 4,690 weighted average shares outstanding for the three month periods ended March 31, 2022 and 2021, respectively. Retroactive implementation of the Corporation's 2021 Equity Incentive Plan, approved June 8, 2021 by shareholders, required a change in methodology used to calculate weighted average outstanding shares in 2021. The change did not impact earnings per common share for the prior periods. There were no common stock equivalents during the three month periods ended March 31, 2022 or 2021.

SECURITIES

SECURITIES	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
SECURITIES	SECURITIES Amortized cost and estimated fair value of securities available for sale are as follows (in thousands): March 31, 2022 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value U.S. Treasury notes and bonds $ 60,898 $ — $ 3,675 $ 57,223 Mortgage-backed securities, residential 570,028 193 41,085 529,136 Obligations of states and political subdivisions 40,266 246 91 40,421 Corporate bonds and notes 25,750 56 492 25,314 SBA loan pools 94,899 279 929 94,249 Total $ 791,841 $ 774 $ 46,272 $ 746,343 December 31, 2021 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value U.S. Treasury notes and bonds $ 61,084 $ 27 $ 680 $ 60,431 Mortgage-backed securities, residential 582,060 4,032 8,731 577,361 Obligations of states and political subdivisions 40,299 2,004 — 42,303 Corporate bonds and notes 22,750 180 82 22,848 SBA loan pools 89,216 344 477 89,083 Total $ 795,409 $ 6,587 $ 9,970 $ 792,026 Amortized cost and estimated fair value of securities held to maturity are as follows (in thousands): March 31, 2022 Amortized Cost Unrecognized Gains Unrecognized Losses Estimated Fair Value Obligations of states and political subdivisions $ 2,146 $ — $ — $ 2,146 Time deposits with other financial institutions 1,430 — — 1,430 Total $ 3,576 $ — $ — $ 3,576 December 31, 2021 Amortized Cost Unrecognized Gains Unrecognized Losses Estimated Fair Value Obligations of states and political subdivisions $ 2,157 $ — $ — $ 2,157 Time deposits with other financial institutions 1,633 6 — 1,639 Total $ 3,790 $ 6 $ — $ 3,796 The amortized cost and estimated fair value of debt securities are shown below by expected maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately (in thousands): March 31, 2022 Available for Sale Held to Maturity Amortized Fair Amortized Fair Within one year $ 1,303 $ 1,300 $ 2,457 $ 2,457 After one, but within five years 100,517 96,884 319 319 After five, but within ten years 24,624 24,304 800 800 After ten years 470 470 — — 126,914 122,958 3,576 3,576 Mortgage-backed securities, residential 570,028 529,136 — — SBA loan pools 94,899 94,249 — — Total $ 791,841 $ 746,343 $ 3,576 $ 3,576 There were no proceeds from sales and calls of securities resulting in gains or losses for the three month periods ended March 31, 2022 and 2021. The following tables summarize the investment securities available for sale with unrealized losses at March 31, 2022 and December 31, 2021 by aggregated major security type and length of time in a continuous unrealized loss position (in thousands): Less than 12 months 12 months or longer Total March 31, 2022 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Treasury notes and bonds $ 57,222 $ 3,675 $ — $ — $ 57,222 $ 3,675 Mortgage-backed securities, residential 315,115 19,657 197,549 21,428 512,664 41,085 Obligations of states and political subdivisions 11,259 91 — — 11,259 91 Corporate bonds and notes 11,268 481 1,989 11 13,257 492 SBA loan pools 44,665 686 25,071 243 69,736 929 Total temporarily impaired securities $ 439,529 $ 24,590 $ 224,609 $ 21,682 $ 664,138 $ 46,272 Less than 12 months 12 months or longer Total December 31, 2021 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Treasury notes and bonds $ 49,084 $ 680 $ — $ — $ 49,084 $ 680 Mortgage-backed securities, residential 293,720 4,502 122,050 4,229 415,770 8,731 Corporate bonds and notes 4,928 72 1,989 10 6,917 82 SBA loan pools 51,235 296 13,769 181 65,004 477 Total temporarily impaired securities $ 398,967 $ 5,550 $ 137,808 $ 4,420 $ 536,775 $ 9,970 Other-Than-Temporary Impairment As of March 31, 2022, the majority of the Corporation's unrealized losses in the investment securities portfolio related to mortgage-backed securities. At March 31, 2022, all of the unrealized losses related to mortgage-backed securities were issued by U.S. government sponsored entities, Fannie Mae and Freddie Mac. Because the decline in fair value is attributable to changes in interest rates and not credit quality, and because the Corporation does not have the intent to sell these securities and it is not likely that it will be required to sell these securities before their anticipated recovery, the Corporation does not consider these securities to be other-than-temporarily impaired at March 31, 2022.

LOANS AND ALLOWANCE FOR LOAN LO

LOANS AND ALLOWANCE FOR LOAN LOSSES	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
LOANS AND ALLOWANCE FOR LOAN LOSSES	LOANS AND ALLOWANCE FOR LOAN LOSSES The composition of the loan portfolio, net of deferred origination fees and costs, is summarized as follows (in thousands): March 31, 2022 December 31, 2021 Commercial and agricultural: Commercial and industrial $ 254,048 $ 256,893 Agricultural 235 394 Commercial mortgages: Construction 80,472 82,204 Commercial mortgages, other 767,549 720,358 Residential mortgages 264,816 259,334 Consumer loans: Home equity lines and loans 70,257 70,670 Indirect consumer loans 119,674 118,569 Direct consumer loans 9,474 9,827 Total loans, net of deferred loan fees and costs 1,566,525 1,518,249 Interest receivable on loans 4,334 4,133 Total recorded investment in loans $ 1,570,859 $ 1,522,382 The Corporation's concentrations of credit risk by loan type are reflected in the preceding table. The concentrations of credit risk with standby letters of credit, committed lines of credit and commitments to originate new loans generally follow the loan classifications in the table above. As of March 31, 2022 and December 31, 2021, the Corporation had outstanding PPP loan balances of $17.9 million and $43.2 million, respectively, which were included in commercial and industrial loans in the table above. These loans require no allowance for loan losses as of March 31, 2022 and December 31, 2021 since they are government guaranteed loans. The following tables present the activity in the allowance for loan losses by portfolio segment for the three month periods ended March 31, 2022 and 2021 (in thousands): Three Months Ended March 31, 2022 Allowance for loan losses Commercial and Agricultural Commercial Mortgages Residential Mortgages Consumer Loans Total Beginning balance $ 3,591 $ 13,556 $ 1,803 $ 2,075 $ 21,025 Charge-offs (4) — — (194) (198) Recoveries 6 1 — 239 246 Net recoveries (charge-offs) 2 1 — 45 48 Provision (110) (593) (197) (245) (1,145) Ending balance $ 3,483 $ 12,964 $ 1,606 $ 1,875 $ 19,928 Three Months Ended March 31, 2021 Allowance for loan losses Commercial and Agricultural Commercial Mortgages Residential Mortgages Consumer Loans Total Beginning balance $ 4,493 $ 11,496 $ 2,079 $ 2,856 $ 20,924 Charge-offs — — (26) (164) (190) Recoveries 296 — — 138 434 Net recoveries (charge-offs) 296 — (26) (26) 244 Provision (452) 290 62 (159) (259) Ending balance $ 4,337 $ 11,786 $ 2,115 $ 2,671 $ 20,909 The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 Allowance for loan losses: Commercial and Agricultural Commercial Mortgages Residential Mortgages Consumer Loans Total Ending allowance balance attributable to loans: Individually evaluated for impairment $ 1,329 $ 1,479 $ — $ 53 $ 2,861 Collectively evaluated for impairment 2,154 11,485 1,606 1,822 17,067 Total ending allowance balance $ 3,483 $ 12,964 $ 1,606 $ 1,875 $ 19,928 December 31, 2021 Allowance for loan losses: Commercial and Agricultural Commercial Mortgages Residential Mortgages Consumer Loans Total Ending allowance balance attributable to loans: Individually evaluated for impairment $ 1,394 $ 1,571 $ — $ 65 $ 3,030 Collectively evaluated for impairment 2,197 11,985 1,803 2,010 17,995 Total ending allowance balance $ 3,591 $ 13,556 $ 1,803 $ 2,075 $ 21,025 March 31, 2022 Loans: Commercial and Agricultural Commercial Mortgages Residential Mortgages Consumer Loans Total Loans individually evaluated for impairment $ 2,341 $ 6,829 $ 931 $ 302 $ 10,403 Loans collectively evaluated for impairment 252,677 843,645 264,555 199,579 1,560,456 Total ending loans balance $ 255,018 $ 850,474 $ 265,486 $ 199,881 $ 1,570,859 December 31, 2021 Loans: Commercial and Agricultural Commercial Mortgages Residential Mortgages Consumer Loans Total Loans individually evaluated for impairment $ 2,427 $ 7,967 $ 938 $ 315 $ 11,647 Loans collectively evaluated for impairment 255,586 796,858 259,029 199,262 1,510,735 Total ending loans balance $ 258,013 $ 804,825 $ 259,967 $ 199,577 $ 1,522,382 The following table presents loans individually evaluated for impairment recognized by class of loans as of March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 December 31, 2021 With no related allowance recorded: Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated Commercial and agricultural: Commercial and industrial $ 927 $ 927 $ — $ 954 $ 948 $ — Commercial mortgages: Construction 112 113 — 129 130 — Commercial mortgages, other 6,768 4,107 — 6,940 4,278 — Residential mortgages 943 931 — 951 938 — Consumer loans: Home equity lines and loans 177 161 — 185 169 — With an allowance recorded: Commercial and agricultural: Commercial and industrial 1,412 1,414 1,329 5,350 1,479 1,394 Commercial mortgages: Commercial mortgages, other 2,601 2,609 1,479 3,550 3,559 1,571 Consumer loans: Home equity lines and loans 141 141 53 146 146 65 Total $ 13,081 $ 10,403 $ 2,861 $ 18,205 $ 11,647 $ 3,030 The following table presents the average recorded investment and interest income of loans individually evaluated for impairment recognized by class of loans for the three month periods ended March 31, 2022 and 2021 (in thousands): Three Months Ended Three Months Ended With no related allowance recorded: Average Recorded Investment Interest Income Recognized 1 Average Recorded Investment Interest Income Recognized 1 Commercial and agricultural: Commercial and industrial $ 937 $ 3 $ 1,912 $ 13 Commercial mortgages: Construction 121 1 182 2 Commercial mortgages, other 4,193 7 4,822 8 Residential mortgages 934 11 1,118 8 Consumer loans: Home equity lines & loans 165 1 413 2 With an allowance recorded: Commercial and agricultural: Commercial and industrial 1,446 3 1,477 2 Commercial mortgages: Commercial mortgages, other 3,084 21 167 — Consumer loans: Home equity lines and loans 143 — 166 — Total $ 11,023 $ 47 $ 10,257 $ 35 (1) Cash basis interest income approximates interest income recognized. The following table presents the recorded investment in non-accrual and loans past due 90 days or more and still accruing by class of loans as of March 31, 2022 and December 31, 2021 (in thousands): Non-accrual Loans Past Due 90 Days or More and Still Accruing March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 Commercial and agricultural: Commercial and industrial $ 1,854 $ 1,932 $ 6 $ 4 Commercial mortgages: Construction 24 34 — — Commercial mortgages, other 3,676 3,844 — — Residential mortgages 780 1,039 — — Consumer loans: Home equity lines and loans 831 790 — — Indirect consumer loans 523 462 — — Direct consumer loans 15 13 — — Total $ 7,703 $ 8,114 $ 6 $ 4 The following tables present the aging of the recorded investment in loans as of March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 30 - 59 Days Past Due 60 - 89 Days Past Due 90 Days or More Past Due Total Past Due Loans Not Past Due Total Commercial and agricultural: Commercial and industrial $ 12 $ — $ 18 $ 30 $ 254,752 $ 254,782 Agricultural — — — — 236 236 Commercial mortgages: Construction — — — — 80,705 80,705 Commercial mortgages, other 375 — 1,309 1,684 768,085 769,769 Residential mortgages 530 122 401 1,053 264,433 265,486 Consumer loans: Home equity lines and loans 208 83 578 869 69,567 70,436 Indirect consumer loans 630 257 178 1,065 118,865 119,930 Direct consumer loans 9 2 15 26 9,489 9,515 Total $ 1,764 $ 464 $ 2,499 $ 4,727 $ 1,566,132 $ 1,570,859 December 31, 2021 30 - 59 Days Past Due 60 - 89 Days Past Due 90 Days or More Past Due Total Past Due Loans Not Past Due Total Commercial and agricultural: Commercial and industrial $ 413 $ 148 $ 26 $ 587 $ 257,031 $ 257,618 Agricultural — — — — 395 395 Commercial mortgages: Construction — — — — 82,435 82,435 Commercial mortgages, other 24 224 1,302 1,550 720,840 722,390 Residential mortgages 580 32 652 1,264 258,703 259,967 Consumer loans: Home equity lines and loans 256 69 424 749 70,105 70,854 Indirect consumer loans 1,179 424 255 1,858 116,997 118,855 Direct consumer loans 24 11 13 48 9,820 9,868 Total $ 2,476 $ 908 $ 2,672 $ 6,056 $ 1,516,326 $ 1,522,382 Troubled Debt Restructurings: A modification of a loan may result in classification as a TDR when a borrower is experiencing financial difficulty and the modification constitutes a concession. The Corporation offers various types of modifications which may involve a change in the schedule of payments, a reduction in the interest rate, an extension of the maturity date, extending the maturity date at an interest rate lower than the current market rate for new debt with similar risk, requesting additional collateral, releasing collateral for consideration, substituting or adding a new borrower or guarantor, a permanent reduction of the recorded investment in the loan or a permanent reduction of the interest on the loan. Under Section 4013 of the CARES Act, loans less than 30 days past due as of December 31, 2019 were considered current for COVID-19 related modifications and therefore not be treated as TDRs, until January 1, 2022. At its highest point as of May 31, 2020, in conformance with Section 4013 of the CARES Act, total loan forbearances represented 15.77% of the Corporation's total loan portfolio, or $242.5 million. As of March 31, 2022, no loans remained in modified status. As of March 31, 2022 and December 31, 2021, the Corporation had a recorded investment in TDRs of $9.2 million and $10.3 million, respectively. There were specific reserves of $1.8 million and $1.9 million allocated for TDRs at March 31, 2022 and December 31, 2021, respectively. As of March 31, 2022, TDRs totaling $4.7 million were accruing interest under the modified terms and $4.5 million were on non-accrual status. As of December 31, 2021, TDRs totaling $5.6 million were accruing interest under the modified terms and $4.7 million were on non-accrual status. The Corporation committed no additional amounts as of both March 31, 2022 and December 31, 2021, to customers with outstanding loans that are classified as TDRs. During the three months ended March 31, 2022, no loans were modified as TDRs. During the three month period ended March 31, 2021, the terms and conditions of two commercial mortgage loans were modified as TDRs. The modification of the terms of both of these loans included a postponement or reduction of the scheduled amortized payments for greater than a three month period. The following table presents loans by class modified as TDRs that occurred during the three month period ended March 31, 2021 (dollars in thousands): March 31, 2021 Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Troubled debt restructurings: Commercial mortgages: Commercial mortgages, other 2 $ 2,488 $ 2,488 Total 2 $ 2,488 $ 2,488 The TDRs described above did not increase the allowance for loan losses and resulted in no charge-offs during the three month period ended March 31, 2021. A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms. There were no payment defaults on any loans previously modified as TDRs within twelve months following the modification during the three month periods ended March 31, 2022 and 2021. Credit Quality Indicators The Corporation establishes a risk rating at origination for all commercial loans. The main factors considered in assigning risk ratings include, but are not limited to: historic and future debt service coverage, collateral position, operating performance, liquidity, leverage, payment history, management ability, and the customer’s industry. Commercial relationship managers monitor all loans in their respective portfolios for any changes in the borrower’s ability to service its debt and affirm the risk ratings for the loans at least annually. For the retail loans, which include residential mortgages, indirect and direct consumer loans, home equity lines and loans, and credit cards, once a loan is properly approved and closed, the Corporation evaluates credit quality based upon loan repayment. Retail loans are not rated until they become 90 days past due. The Corporation uses the risk rating system to identify criticized and classified loans. Commercial relationships within the criticized and classified risk ratings are analyzed quarterly. The Corporation uses the following definitions for criticized and classified loans (which are consistent with regulatory guidelines): Special Mention – Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or the institution’s credit position at some future date. Substandard – Loans classified as substandard are inadequately protected by the current net worth and paying capability of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful – Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Commercial loans not meeting the criteria above to be considered criticized or classified, are considered to be pass rated loans. Loans listed as not rated, are included in groups of homogeneous loans performing under terms of the loan notes. Based on the analyses performed as of March 31, 2022 and December 31, 2021, the risk category of the recorded investment of loans by class of loans is as follows (in thousands): March 31, 2022 Not Rated Pass Special Mention Substandard Doubtful Total Commercial and agricultural: Commercial and industrial $ — $ 248,148 $ 2,649 $ 2,933 $ 1,052 $ 254,782 Agricultural — 236 — — — 236 Commercial mortgages: Construction — 80,681 — 24 — 80,705 Commercial mortgages — 723,700 28,779 16,174 1,116 769,769 Residential mortgages 264,706 — — 780 — 265,486 Consumer loans: Home equity lines and loans 69,605 — — 831 — 70,436 Indirect consumer loans 119,407 — — 523 — 119,930 Direct consumer loans 9,500 — — 15 — 9,515 Total $ 463,218 $ 1,052,765 $ 31,428 $ 21,280 $ 2,168 $ 1,570,859 December 31, 2021 Not Rated Pass Special Mention Substandard Doubtful Total Commercial and agricultural: Commercial and industrial $ — $ 250,529 $ 2,892 $ 3,108 $ 1,089 $ 257,618 Agricultural — 395 — — — 395 Commercial mortgages: Construction — 82,404 — 31 — 82,435 Commercial mortgages — 672,741 31,072 17,458 1,119 722,390 Residential mortgages 258,928 — — 1,039 — 259,967 Consumer loans: Home equity lines and loans 70,064 — — 790 — 70,854 Indirect consumer loans 118,393 — — 462 — 118,855 Direct consumer loans 9,855 — — 13 — 9,868 Total $ 457,240 $ 1,006,069 $ 33,964 $ 22,901 $ 2,208 $ 1,522,382 The Corporation considers the performance of the loan portfolio and its impact on the allowance for loan losses. For residential and consumer loan classes, the Corporation also evaluates credit quality based on the aging status of the loan, which was previously presented, and by payment activity. The following tables present the recorded investment in residential and consumer loans based on payment activity as of March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 Consumer Loans Residential Mortgages Home Equity Lines and Loans Indirect Consumer Loans Other Direct Consumer Loans Performing $ 264,706 $ 69,605 $ 119,407 $ 9,500 Non-Performing 780 831 523 15 $ 265,486 $ 70,436 $ 119,930 $ 9,515 December 31, 2021 Consumer Loans Residential Mortgages Home Equity Lines and Loans Indirect Consumer Loans Other Direct Consumer Loans Performing $ 258,928 $ 70,064 $ 118,393 $ 9,855 Non-Performing 1,039 790 462 13 $ 259,967 $ 70,854 $ 118,855 $ 9,868

FAIR VALUE

FAIR VALUE	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE Fair value is the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair value: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a reporting entity's own assumptions about the assumptions that market participants would use in pricing an asset or liability. The Corporation used the following methods and significant assumptions to estimate fair value on a recurring basis: Available for Sale Securities: The fair values of securities available for sale are usually determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs), or matrix pricing, which is a mathematical technique widely used to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities' relationship to other benchmark quoted securities (Level 2 inputs). For securities where quoted prices or market prices of similar securities are not available, fair values are calculated using discounted cash flows or other market indicators (Level 3 inputs). Equity Investments: Securities that are held to fund a deferred compensation plan and securities that have a readily determinable fair market value, are recorded at fair value with changes in fair value included in earnings. The fair values of equity investments are determined by quoted market prices (Level 1 inputs). Impaired Loans : At the time a loan is considered impaired, it is valued at the lower of cost or fair value. Impaired loans carried at fair value have been partially charged-off or receive specific allocations as part of the allowance for loan loss accounting. For collateral dependent loans, fair value is commonly based on real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the client and client’s business, typically resulting in a Level 3 fair value classification. Impaired loans are evaluated on a quarterly basis for additional impairment and adjusted accordingly. OREO : Assets acquired through or instead of loan foreclosures are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Appraisals for both collateral dependent impaired loans and OREO are performed by certified general appraisers (commercial properties) or certified residential appraisers (residential properties) whose qualifications and licenses have been reviewed and verified by the Corporation. Once received, appraisals are reviewed for reasonableness of assumptions, approaches utilized, Uniform Standards of Professional Appraisal Practice and other regulatory compliance, as well as the overall resulting fair value in comparison with independent data sources such as recent market data or industry-wide statistics. Appraisals are generally completed within the previous 12 month period prior to a property being placed into OREO. On impaired loans, appraisal values are adjusted based on the age of the appraisal, the position of the lien, the type of the property and its condition. Derivatives : The fair values of interest rate swaps are based on valuation models using observable market data as of the measurement date (Level 2 inputs). Derivatives are traded in an over-the-counter market where quoted market prices are not always available. Therefore, the fair values of derivatives are determined using quantitative models that utilize multiple market inputs. The inputs will vary based on the type of derivative, but could include interest rates, prices, and indices to generate continuous yield or pricing curves, prepayment rates, and volatility factors to value the position. The Corporation also incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counter-party's nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Corporation has considered the impact of any applicable credit enhancements, such as collateral postings. Although the Corporation has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize credit default rate assumptions (Level 3 inputs). Assets and liabilities measured at fair value on a recurring basis are summarized below (in thousands): Fair Value Measurement at March 31, 2022 Using Financial Assets: Fair Value Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs U.S. Treasury notes and bonds $ 57,223 $ 57,223 $ — $ — Mortgage-backed securities, residential 529,136 — 529,136 — Obligations of states and political subdivisions 40,421 — 40,421 — Corporate bonds and notes 25,314 — 25,314 — SBA loan pools 94,249 — 94,249 — Total available for sale securities $ 746,343 $ 57,223 $ 689,120 $ — Equity investments, at fair value $ 2,390 $ 2,390 $ — $ — Derivative assets 12,668 — 12,668 — Financial Liabilities: Derivative liabilities $ 12,847 $ — $ 12,847 $ — There were no transfers between Level 1 and Level 2 during the three month period ended March 31, 2022. Fair Value Measurement at December 31, 2021 Using Financial Assets: Fair Value Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs U.S. Treasury notes and bonds $ 60,431 $ 60,431 $ — $ — Mortgage-backed securities, residential 577,361 — 577,361 — Obligations of states and political subdivisions 42,303 — 42,303 — Corporate bonds and notes 22,848 — 22,848 — SBA loan pools 89,083 — 89,083 — Total available for sale securities $ 792,026 $ 60,431 $ 731,595 $ — Equity investments, at fair value $ 2,404 $ 2,404 $ — $ — Derivative assets 9,498 — 9,498 — Financial Liabilities: Derivative liabilities $ 9,726 $ — $ 9,726 $ — There were no transfers between Level 1 and Level 2 during the three month period ended March 31, 2021. Assets and liabilities measured at fair value on a non-recurring basis are summarized below (in thousands): Fair Value Measurement at March 31, 2022 Using Financial Assets: Fair Value Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Other real estate owned: Residential mortgages $ 197 $ — $ — $ 197 Consumer loans: Home equity lines and loans 54 — — 54 Total other real estate owned, net $ 251 $ — $ — $ 251 Fair Value Measurement at December 31, 2021 Using Financial Assets: Fair Value Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Other real estate owned: Residential mortgages $ 143 $ — $ — $ 143 Total other real estate owned, net $ 143 $ — $ — $ 143 The following tables present information related to Level 3 non-recurring fair value measurement at March 31, 2022 and December 31, 2021 (in thousands): Description Fair Value at March 31, 2022 Valuation Technique Unobservable Inputs Range [Weighted Average] at March 31, 2022 Impaired loans: OREO: Commercial mortgages: Residential mortgages $ 197 Sales comparison Discount to appraised value 20.80% - 20.80% [20.80%] Consumer loans: Home equity lines and loans 54 Sales comparison Discount to appraised value 20.80% - 20.80% [20.80%] $ 251 Description Fair Value at December 31, 2021 Valuation Technique Unobservable Inputs Range [Weighted Average] at December 31, 2021 Impaired loans: OREO: Residential mortgages 143 Sales comparison Discount to appraised value 20.80% - 20.80% [20.80%] $ 143 FAIR VALUE OF FINANCIAL INSTRUMENTS The carrying amounts and estimated fair values of other financial instruments, at March 31, 2022 and December 31, 2021, are as follows (in thousands): March 31, 2022 Financial assets: Carrying Amount Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Estimated Fair Value Cash and due from financial institutions $ 21,757 $ 21,757 $ — $ — $ 21,757 Interest-earning deposits in other financial institutions 43,726 43,726 — — 43,726 Equity investments 2,949 2,949 — — 2,949 Securities available for sale 746,343 57,223 689,120 — 746,343 Securities held to maturity 3,576 — 1,430 2,146 3,576 FHLBNY and FRBNY stock 3,576 — — — N/A Loans, net and loans held for sale 1,546,942 — — 1,535,617 1,535,617 Accrued interest receivable 6,267 131 1,802 4,334 6,267 Derivative Assets 12,668 — 12,668 — 12,668 Financial liabilities: Deposits: Demand, savings, and insured money market accounts $ 1,994,263 $ 1,994,263 $ — $ — $ 1,994,263 Time deposits 255,329 — 256,327 — 256,327 Accrued interest payable 227 11 216 — 227 Derivative Liabilities 12,847 — 12,847 — 12,847 (1) Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. December 31, 2021 Financial assets: Carrying Amount Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Estimated Fair Value Cash and due from financial institutions $ 17,365 $ 17,365 $ — $ — $ 17,365 Interest-earning deposits in other financial institutions 9,616 9,616 — — 9,616 Equity investments 2,964 2,964 — — 2,964 Securities available for sale 792,026 60,431 731,595 — 792,026 Securities held to maturity 3,790 — 1,639 2,157 3,796 FHLBNY and FRBNY stock 4,218 — — — N/A Loans, net and loans held for sale 1,497,620 — — 1,480,967 1,480,967 Accrued interest receivable 5,985 106 1,746 4,133 5,985 Derivative Asset 9,498 — 9,498 — 9,498 Financial liabilities: Deposits: Demand, savings, and insured money market accounts $ 1,959,076 $ 1,959,076 $ — $ — $ 1,959,076 Time deposits 196,357 — 197,658 — 197,658 Accrued interest payable 210 10 200 — 210 Derivative Liabilities 9,726 — 9,726 — 9,726 (1) Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

LEASES

LEASES	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
LEASES	LEASES Operating Leases The Corporation leases certain branch properties under long-term, operating lease agreements. The leases expire at various dates through 2033 and generally include renewal options. As of March 31, 2022, the weighted average remaining lease term was 9.21 years with a weighted average discount rate of 3.33%. Rent expense was $0.3 million for the three months ended March 31, 2022. Certain leases provide for increases in future minimum annual rent payments as defined in the lease agreements. The Corporation’s operating lease agreements contain both lease and non-lease components, which are generally accounted for separately. The Corporation’s lease agreements do not contain any residual value guarantees. Leased branch properties at March 31, 2022 and December 31, 2021 consist of the following (in thousands): March 31, 2022 December 31, 2021 Operating lease right-of-use asset $ 7,234 $ 7,145 Less: accumulated amortization (199) (759) Less: lease termination — (313) Add: new lease agreement and modifications — 1,161 Operating lease right-of-use-assets, net $ 7,035 $ 7,234 The following is a schedule by year of the undiscounted cash flows of the operating lease liabilities, excluding CAM charges, as of March 31, 2022 (in thousands): Year Amount 2022 $ 730 2023 992 2024 924 2025 841 2026 845 2027 and thereafter 4,023 Total minimum lease payments 8,355 Less: amount representing interest (1,169) Present value of net minimum lease payments $ 7,186 As of March 31, 2022, the Corporation had no operating leases that were signed, but had not yet commenced. Finance Leases The Corporation leases certain buildings under finance leases. The lease arrangements require monthly payments through 2036. As of March 31, 2022, the weighted average remaining lease term was 10.86 years with a weighted average discount rate of 3.38%. The Corporation has included these leases in premises and equipment March 31, 2022 December 31, 2021 Buildings $ 5,572 $ 5,572 Less: accumulated depreciation (2,291) (2,208) Net book value $ 3,281 $ 3,364 The following is a schedule by year of future minimum lease payments under the capitalized lease, together with the present value of net minimum lease payments as of March 31, 2022 (in thousands): Year Amount 2022 $ 293 2023 391 2024 391 2025 409 2026 425 2027 and thereafter 2,415 Total minimum lease payments 4,324 Less: amount representing interest (797) Present value of net minimum lease payments $ 3,527 As of March 31, 2022, the Corporation had no finance leases that were signed, but had not yet commenced. Related Party Transactions The Bank leases its branch located at 1365 New Scotland Road, Slingerlands, New York, under a lease agreement through July, 2024 from a member of the Corporation's B oard of Directors with monthly rent and CAM related expenses totaling $4 thousand per month. Rent paid to this Board member totaled $13 thousand for each of the three month periods ended March 31, 2022 and 2021, respectively.
LEASES	LEASES Operating Leases The Corporation leases certain branch properties under long-term, operating lease agreements. The leases expire at various dates through 2033 and generally include renewal options. As of March 31, 2022, the weighted average remaining lease term was 9.21 years with a weighted average discount rate of 3.33%. Rent expense was $0.3 million for the three months ended March 31, 2022. Certain leases provide for increases in future minimum annual rent payments as defined in the lease agreements. The Corporation’s operating lease agreements contain both lease and non-lease components, which are generally accounted for separately. The Corporation’s lease agreements do not contain any residual value guarantees. Leased branch properties at March 31, 2022 and December 31, 2021 consist of the following (in thousands): March 31, 2022 December 31, 2021 Operating lease right-of-use asset $ 7,234 $ 7,145 Less: accumulated amortization (199) (759) Less: lease termination — (313) Add: new lease agreement and modifications — 1,161 Operating lease right-of-use-assets, net $ 7,035 $ 7,234 The following is a schedule by year of the undiscounted cash flows of the operating lease liabilities, excluding CAM charges, as of March 31, 2022 (in thousands): Year Amount 2022 $ 730 2023 992 2024 924 2025 841 2026 845 2027 and thereafter 4,023 Total minimum lease payments 8,355 Less: amount representing interest (1,169) Present value of net minimum lease payments $ 7,186 As of March 31, 2022, the Corporation had no operating leases that were signed, but had not yet commenced. Finance Leases The Corporation leases certain buildings under finance leases. The lease arrangements require monthly payments through 2036. As of March 31, 2022, the weighted average remaining lease term was 10.86 years with a weighted average discount rate of 3.38%. The Corporation has included these leases in premises and equipment March 31, 2022 December 31, 2021 Buildings $ 5,572 $ 5,572 Less: accumulated depreciation (2,291) (2,208) Net book value $ 3,281 $ 3,364 The following is a schedule by year of future minimum lease payments under the capitalized lease, together with the present value of net minimum lease payments as of March 31, 2022 (in thousands): Year Amount 2022 $ 293 2023 391 2024 391 2025 409 2026 425 2027 and thereafter 2,415 Total minimum lease payments 4,324 Less: amount representing interest (797) Present value of net minimum lease payments $ 3,527 As of March 31, 2022, the Corporation had no finance leases that were signed, but had not yet commenced. Related Party Transactions The Bank leases its branch located at 1365 New Scotland Road, Slingerlands, New York, under a lease agreement through July, 2024 from a member of the Corporation's B oard of Directors with monthly rent and CAM related expenses totaling $4 thousand per month. Rent paid to this Board member totaled $13 thousand for each of the three month periods ended March 31, 2022 and 2021, respectively.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS The changes in goodwill included in the core banking segment during the three month periods ended March 31, 2022 and 2021 were as follows (in thousands): 2022 2021 Beginning of year $ 21,824 $ 21,824 Acquired goodwill — — Ending balance March 31, $ 21,824 $ 21,824 Acquired intangible assets were as follows at March 31, 2022 and December 31, 2021 (in thousands): At March 31, 2022 At December 31, 2021 Balance Acquired Accumulated Amortization Balance Acquired Accumulated Amortization Core deposit intangibles $ 5,975 $ 5,975 $ 5,975 $ 5,974 Other customer relationship intangibles 5,633 5,629 5,633 5,619 Total $ 11,608 $ 11,604 $ 11,608 $ 11,593 Aggregate amortization expense was $11 thousand and $0.1 million for the three month periods ended March 31, 2022 and 2021, respectively. The remaining estimated aggregate amortization expense at March 31, 2022 is listed below (in thousands): Year Estimated Expense 2022 $ 4 Total $ 4

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES The Corporation is a party to certain financial instruments with off-balance sheet risk such as commitments under standby letters of credit, unused portions of lines of credit, overdraft protection and commitments to fund new loans. In accordance with GAAP, these financial instruments are not recorded in the financial statements. The Corporation's policy is to record such instruments when funded. These transactions involve, to varying degrees, elements of credit, interest rate and liquidity risk. Such transactions are generally used by the Corporation to manage clients' requests for funding and other client needs. The following table lists the contractual amounts of financial instruments with off-balance sheet risk at March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 December 31, 2021 Fixed Rate Variable Rate Fixed Rate Variable Rate Commitments to make loans $ 26,606 $ 52,207 $ 20,772 $ 46,558 Unused lines of credit 3,490 288,692 4,745 288,368 Standby letters of credit — 16,856 — 7,974 On February 4, 2020, the Corporation filed a lawsuit against Pioneer Bank, Albany, New York, in the Supreme Court of the State of New York in the County of Albany. As disclosed in the Corporation’s September 12, 2019 Current Report on Form 8-K, the Bank owns a participating interest totaling $4.2 million in an approximately $36.0 million commercial credit facility on which the borrower defaulted due to fraudulent activity. The Bank’s complaint alleges that Pioneer Bank, as lead bank, breached the participation agreement and engaged in fraud and negligent misrepresentation. The Corporation received a recovery of $0.5 million in April, 2020, and continues to pursue recovery of the remaining $3.7 million and accumulated expenses as a result of purchasing the participation interest. In the normal course of business, there are various outstanding claims and legal proceedings involving the Corporation or its subsidiaries. As of March 31, 2022, we believe that we are not a party to any additional pending legal, arbitration, or regulatory proceedings that could have a material adverse impact on our financial results or liquidity.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Accumulated other comprehensive income (loss) represents the net unrealized holding gains or losses on securities available for sale and the funded status of the Corporation's defined benefit pension plan and other benefit plans, as of the consolidated balance sheet dates, net of the related tax effect. The following is a summary of the changes in accumulated other comprehensive income (loss) by component, net of tax, for the periods indicated (in thousands): Unrealized Gains and Losses on Securities Available for Sale Defined Benefit and Other Benefit Plans Total Balance at January 1, 2022 $ (2,495) $ (4,035) $ (6,530) Other comprehensive income before reclassification (31,087) — (31,087) Amounts reclassified from accumulated other comprehensive income — 12 12 Net current period other comprehensive income (loss) (31,087) 12 (31,075) Balance at March 31, 2022 $ (33,582) $ (4,023) $ (37,605) Unrealized Gains and Losses on Securities Available for Sale Defined Benefit and Other Benefit Plans Total Balance at January 1, 2021 $ 9,127 $ (6,726) 2,401 Other comprehensive income before reclassification (10,153) — (10,153) Amounts reclassified from accumulated other comprehensive income — — — Net current period other comprehensive loss (10,153) — (10,153) Balance at March 31, 2021 $ (1,026) $ (6,726) $ (7,752) The following is the reclassification out of accumulated other comprehensive income for the periods indicated (in thousands): Details about Accumulated Other Comprehensive Income (Loss) Components Three Months Ended Affected Line Item 2022 2021 Amortization of defined pension plan and other benefit plan items: Prior service costs (a) $ — $ (55) Other components of net periodic pension and postretirement benefits Actuarial losses (a) 14 55 Other components of net periodic pension and postretirement benefits Tax effect (2) — Income tax expense Net of tax 12 — Total reclassification for the period, net of tax $ 12 $ — (a) These accumulated other comprehensive income components are included in the computation of net periodic pension and other benefit plan costs (see Note 11 for additional information).

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	REVENUE FROM CONTRACTS WITH CUSTOMERS All of the Corporation's revenue from contracts with customers in the scope of ASC 606 is recognized within non-interest income. The following tables present the Corporation's non-interest income by revenue stream and reportable segment for the three months ended March 31, 2022 and 2021 (in thousands). Items outside the scope of ASC 606 are noted as such. Three Months Ended March 31, 2022 Revenue by Operating Segment: Core Banking WMG Holding Company, CFS, and CRM (b) Total Non-interest income Service charges on deposit accounts Overdraft fees $ 673 $ — $ — $ 673 Other 191 — — 191 Interchange revenue from debit card transactions 1,130 — — 1,130 WMG fee income — 2,757 — 2,757 CFS fee and commission income — — 253 253 Net gains (losses) on sales of OREO — — — — Net gains on sales of loans (a) 74 — — 74 Loan servicing fees (a) 39 — — 39 Changes in fair value of equity investments (a) (114) — 1 (113) Income from bank-owned life insurance (a) 11 — — 11 Other (a) 689 — (41) 648 Total non-interest income (loss) $ 2,693 $ 2,757 $ 213 $ 5,663 (a) Not within scope of ASC 606. (b) The Holding Company, CFS, and CRM column above includes amounts to eliminate transactions between segments. Three Months Ended March 31, 2021 Revenue by Operating Segment: Core Banking WMG Holding Company, CFS, and CRM (b) Total Non-interest income Service charges on deposit accounts Overdraft fees $ 450 $ — $ — $ 450 Other 267 — — 267 Interchange revenue from debit card transactions 1,123 — — 1,123 WMG fee income — 2,678 — 2,678 CFS fee and commission income — — 214 214 Net gains (losses) on sales of OREO (18) — — (18) Net gains on sales of loans (a) 300 — — 300 Loan servicing fees (a) 35 — — 35 Changes in fair value of equity investments (a) 34 — 52 86 Income from bank-owned life insurance (a) 15 — — 15 Other (a) 485 — (14) 471 Total non-interest income $ 2,691 $ 2,678 $ 252 $ 5,621 (a) Not within scope of ASC 606. (b) The Holding Company, CFS, and CRM column above includes amounts to eliminate transactions between segments. A description of the Corporation's revenue streams accounted for under ASC 606 follows: Service Charges on Deposit Accounts: The Corporation earns fees from its deposit customers for transaction-based, account maintenance, and overdraft services. Transaction-based fees, which included services such as ATM use fees, stop payment charges, statement rendering, and ACH fees, are recognized at the time the transaction is executed as that is the point in time the Corporation fulfills the customer's request. Account maintenance fees, which relate primarily to monthly maintenance, are recognized at the time the maintenance occurs. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn from the customer's account balance. Interchange Income from Debit Card Transactions: The Corporation earns interchange fees from debit cardholder transactions conducted through the MasterCard payment network. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided to cardholder. WMG Fee Income (Gross): The Corporation earns wealth management fees from its contracts with customers to manage assets for investment, and/or to conduct transactions on their accounts. These fees are primarily earned over time as the Corporation provides the contracted monthly or quarterly services and are generally assessed based on a tiered scale of the market value of assets under management (AUM) at quarter-end. CFS Fee and Commission Income (Net): The Corporation earns fees from investment brokerage services provided to its customers by a third-party service provider. The Corporation receives commissions from the third-party service provider on a monthly basis based upon customer activity for the month. The Corporation (i) acts as an agent in arranging the relationship between the customer and the third-party service provider and (ii) does not control the services rendered to the customers. Investment brokerage fees are presented net of related costs. The Corporation also earns fees from tax services provided to its customers.

COMPONENTS OF QUARTERLY AND YEA

COMPONENTS OF QUARTERLY AND YEAR TO DATE NET PERIODIC BENEFIT COSTS	3 Months Ended
	Mar. 31, 2022
Retirement Benefits [Abstract]
COMPONENTS OF QUARTERLY AND YEAR TO DATE NET PERIODIC BENEFIT COSTS	COMPONENTS OF QUARTERLY AND YEAR TO DATE NET PERIODIC BENEFIT COSTS The components of net periodic expense for the Corporation’s pension and other benefit plans for the periods indicated are as follows (in thousands): Three Months Ended 2022 2021 Qualified Pension Plan Service cost, benefits earned during the period $ — $ — Interest cost on projected benefit obligation 282 272 Expected return on plan assets (713) (673) Amortization of unrecognized transition obligation — — Amortization of unrecognized prior service cost — — Amortization of unrecognized net loss — 37 Net periodic pension benefit $ (431) $ (364) Supplemental Pension Plan Service cost, benefits earned during the period $ — $ — Interest cost on projected benefit obligation 8 8 Expected return on plan assets — — Amortization of unrecognized prior service cost — — Amortization of unrecognized net loss 5 5 Net periodic supplemental pension cost $ 13 $ 13 Postretirement Plan, Medical and Life Service cost, benefits earned during the period $ — $ — Interest cost on projected benefit obligation 1 2 Expected return on plan assets — — Amortization of unrecognized prior service cost — (55) Amortization of unrecognized net loss 9 13 Net periodic postretirement, medical and life benefit $ 10 $ (40)

SEGMENT REPORTING

SEGMENT REPORTING	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING The Corporation manages its operations through two primary business segments: core banking and WMG. The core banking segment provides revenues by attracting deposits from the general public and using such funds to originate consumer, commercial, commercial real estate, and residential mortgage loans, primarily in the Corporation’s local markets, and to invest in securities. The WMG services segment provides revenues by providing trust and investment advisory services to clients. Accounting policies for the segments are the same as those described in Note 1 of the Corporation’s 2021 Annual Report on Form 10-K, which was filed with the SEC on March 23, 2022. Summarized financial information concerning the Corporation’s reportable segments and the reconciliation to the Corporation’s consolidated results are shown in the following table. Income taxes are allocated based on the separate taxable income of each entity and indirect overhead expenses are allocated based on reasonable and equitable allocations applicable to the reportable segment. The Holding Company, CFS, and CRM columns below includes amounts to eliminate transactions between segments (in thousands). Three months ended March 31, 2022 Core Banking WMG Holding Company, CFS, and CRM Consolidated Totals Interest and dividend income $ 17,451 $ — $ 7 $ 17,458 Interest expense 781 — — 781 Net interest income 16,670 — 7 16,677 Provision for loan losses (1,145) — — (1,145) Net interest income after provision for loan losses 17,815 — 7 17,822 Other non-interest income 2,693 2,757 213 5,663 Other non-interest expenses 12,531 1,815 322 14,668 Income (loss) before income tax expense (benefit) 7,977 942 (102) 8,817 Income tax expense (benefit) 1,766 209 (25) 1,950 Segment net income (loss) $ 6,211 $ 733 $ (77) $ 6,867 Three months ended March 31, 2021 Core Banking WMG Holding Company, CFS, and CRM Consolidated Totals Interest and dividend income $ 16,735 $ — $ 5 $ 16,740 Interest expense 954 — — 954 Net interest income 15,781 — 5 15,786 Provision for loan losses (259) — — (259) Net interest income after provision for loan losses 16,040 — 5 16,045 Other non-interest income 2,691 2,678 252 5,621 Other non-interest expenses 11,433 1,651 269 13,353 Income (loss) before income tax expense (benefit) 7,298 1,027 (12) 8,313 Income tax expense (benefit) 1,529 263 (9) 1,783 Segment net income (loss) $ 5,769 $ 764 $ (3) $ 6,530

STOCK COMPENSATION

STOCK COMPENSATION	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
STOCK COMPENSATION	STOCK COMPENSATION On June 8, 2021, the Corporation's shareholders approved the Corporation's 2021 Equity Incentive Plan (the "2021 Plan") which provides for the grant of stock-based awards to officers, employees and directors of the Corporation and the Bank. A Form S-8 Registration Statement was filed with the SEC on June 18, 2021 registering shares to be awarded under the 2021 Plan. Compensation expense is recognized over the vesting period of the awards based on the fair value of the stock at issue date. The 2021 Plan provides officers, employees and directors of the Corporation and the Bank with additional incentives to promote the growth and performance of the Corporation. The prior plan shall remain in existence solely for the purpose of administering outstanding grants. Under the terms of the 2021 Plan, the Corporation may make discretionary grants of restricted shares of the Corporation’s common stock to or for the benefit of employees selected to participate in the 2021 Plan, the chief executive officer and members of the Board of Directors. Awards are based on the performance, responsibility and contributions of the individual and are targeted at an average of the peer group. The maximum number of shares of the Corporation’s common stock that may be awarded as restricted shares related to the 2021 Plan may not exceed 170,000, upon which time a new plan may be filed. Compensation expense for shares granted will be recognized over the vesting period of the award based upon the average closing price of the Corporation's stock for each of the prior 30 trading days ending on the grant date. During January 2022 and 2021, 12,560 and 13,151 shares, respectively, were re-issued from treasury to fund stock compensation. The expense related to grants made in the first quarter of 2022 is recognized over a one year vesting period. Expense related to this compensation of $0.3 million was recognized during each of the three month periods ended March 31, 2022 and 2021, respectively. A summary of restricted stock activity for the three months ended March 31, 2022 is presented below: Shares Weighted–Average Grant Date Fair Value Nonvested at January 1, 2022 37,837 $42.99 Granted 12,560 $45.55 Vested (2,109) $42.51 Forfeited or cancelled — Nonvested at March 31, 2022 48,288 $43.68

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Organization	Organization The Corporation, through its wholly-owned subsidiaries, the Bank and CFS, provides a wide range of banking, financing, fiduciary and other financial services to its clients. The Corporation and the Bank are subject to the regulations of certain federal and state agencies and undergo periodic examinations by those regulatory authorities. CRM, a wholly-owned subsidiary of the Co rporation, which was formed and began operations on May 31, 2016, is a Nevada-based captive insurance company which insures against certain risks unique to the operations of the Corporation and its subsidiaries and for which insurance may not be currently available or economically feasible in today's insurance marketplace. CRM pools resources with several other similar insurance company subsidiaries of financial institutions to spread a limited amount of risk among themselves. CRM is subject to regulations of the State of Nevada and undergoes periodic examinations by the Nevada Division of Insurance.
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in conformity with GAAP for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Article 8 of Regulation S-X of the Exchange Act. These financial statements include the accounts of the Corporation and its subsidiaries, and all significant intercompany balances and transactions are eliminated in consolidation. Amounts in the prior periods' consolidated financial statements are reclassified whenever necessary to conform to the current period's presentation. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the financial statements and disclosures provided, and actual results could differ. In the opinion of management, all adjustments (consisting of normal recurring adjustments) and disclosures necessary for the fair presentation of the accompanying consolidated financial statements have been included. The unaudited consolidated financial statements should be read in conjunction with the Corporation's 2021 Annual Report on Form 10-K for the year ended December 31, 2021. The results of operations for any interim periods are not necessarily indicative of the results which may be expected for the entire year or any other period.
Reclassifications	Reclassifications Amounts in the prior year financial statements are reclassified whenever necessary to conform to the current year's presentation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . The objective of the ASU is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date by replacing the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to form credit loss estimates. The amendments in this ASU are effective for public companies for fiscal years beginning after December 15, 2019, though entities may adopt the amendments earlier for fiscal years beginning after December 15, 2018. In November 2019, the FASB adopted changes to delay the effective date of ASU 2016-13 to January 2023 for certain entities, including certain Securities and Exchange Commission filers, public business entities, and private companies. As a smaller reporting company, the Corporation is eligible for the delay. The Corporation has established a committee to oversee the implementation of CECL and has selected a vendor to assist in the implementation process. The model chosen utilizes a loss driver analysis which includes reasonable and supportable forecasts to estimate future losses. This analysis includes different methods such as discounted cash flows, remaining life and vintage analysis, which are used depending on the nature of the portfolio segment. The Corporation is running its current incurred loss model and a CECL model concurrently. The Corporation is in the process of updating its policies and internal controls accordingly. The Corporation expects to recognize a one-time cumulative-effect adjustment to our allowance for loan losses upon adoption of CECL, effective of January 1, 2023, consistent with regulatory expectations set forth in interagency guidance. In March 2022, the FASB issued ASU 2022-01, Derivatives and Hedging (Topic 815): Fair Value Hedging-Portfolio Layer Method. The amendments in this ASU expand the current last-of-layer hedging model from a single-layer method to allow multiple hedged layers of a single closed portfolio. To reflect that expansion, the last-of-layer method is renamed the portfolio layer method. In addition, ASU 2022-01 (1) expands the scope of the portfolio layer method to include non-prepayable assets, (2) specifies eligible hedging instruments in a single-layer hedge, (3) provides additional guidance on the accounting for and disclosure of hedge basis adjustments under the portfolio layer method and (4) specifies how edge basis adjustments should be considered when determining credit losses for the assets included in the closed portfolio. ASU 2022-01 is effective for interim and annual periods beginning after December 15, 2022, although early adoption is permitted. Upon adoption, ASU 2022-01 is not expected to have a significant impact on the Corporation's financial condition or results of operations. In March 2022, the FASB issued ASU 2022-02, Financial Instruments-Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. The ASU made certain targeted amendments specific to troubled debt restructurings (TDRs) by creditors and vintage disclosure related to gross write-offs. Upon adoption, the Corporation will be required to apply the loan and refinancing and restructuring guidance to determine whether a modification results in a new loan or a continuation of an existing loan, rather than applying the recognition and measurement guidance for TDRs. The ASU also requires companies to disclose current-period gross write-offs by year of origination for financing receivables and net investment in leases within scope of Subtopic 326-20. ASU 2022-02 is effective March 31, 2023, for entities that have adopted ASU 2016-13, otherwise the effective date is the same as ASU 2016-13. The Corporation will adopt ASU 2016-13 effective January 1, 2023 and will simultaneously implement ASU 2022-02.
Earnings Per Common Share	Basic earnings per share is net income divided by the weighted average number of common shares outstanding during the period. Issuable shares, including those related to directors’ restricted stock shares, are considered outstanding and are included in the computation of basic earnings per share. All outstanding unvested share-based payment awards that contain rights to nonforfeitable dividends are considered participating securities for this calculation. Restricted stock awards are grants of participating securities and are considered outstanding at grant date. Earnings per share information is adjusted to present comparative results for stock splits and stock dividends that occur.
Fair Value Measurement	Fair value is the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair value: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a reporting entity's own assumptions about the assumptions that market participants would use in pricing an asset or liability. The Corporation used the following methods and significant assumptions to estimate fair value on a recurring basis: Available for Sale Securities: The fair values of securities available for sale are usually determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs), or matrix pricing, which is a mathematical technique widely used to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities' relationship to other benchmark quoted securities (Level 2 inputs). For securities where quoted prices or market prices of similar securities are not available, fair values are calculated using discounted cash flows or other market indicators (Level 3 inputs). Equity Investments: Securities that are held to fund a deferred compensation plan and securities that have a readily determinable fair market value, are recorded at fair value with changes in fair value included in earnings. The fair values of equity investments are determined by quoted market prices (Level 1 inputs). Impaired Loans : At the time a loan is considered impaired, it is valued at the lower of cost or fair value. Impaired loans carried at fair value have been partially charged-off or receive specific allocations as part of the allowance for loan loss accounting. For collateral dependent loans, fair value is commonly based on real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the client and client’s business, typically resulting in a Level 3 fair value classification. Impaired loans are evaluated on a quarterly basis for additional impairment and adjusted accordingly. OREO : Assets acquired through or instead of loan foreclosures are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Appraisals for both collateral dependent impaired loans and OREO are performed by certified general appraisers (commercial properties) or certified residential appraisers (residential properties) whose qualifications and licenses have been reviewed and verified by the Corporation. Once received, appraisals are reviewed for reasonableness of assumptions, approaches utilized, Uniform Standards of Professional Appraisal Practice and other regulatory compliance, as well as the overall resulting fair value in comparison with independent data sources such as recent market data or industry-wide statistics. Appraisals are generally completed within the previous 12 month period prior to a property being placed into OREO. On impaired loans, appraisal values are adjusted based on the age of the appraisal, the position of the lien, the type of the property and its condition. Derivatives : The fair values of interest rate swaps are based on valuation models using observable market data as of the measurement date (Level 2 inputs). Derivatives are traded in an over-the-counter market where quoted market prices are not always available. Therefore, the fair values of derivatives are determined using quantitative models that utilize multiple market inputs. The inputs will vary based on the type of derivative, but could include interest rates, prices, and indices to generate continuous yield or pricing curves, prepayment rates, and volatility factors to value the position. The Corporation also incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counter-party's nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Corporation has considered the impact of any applicable credit enhancements, such as collateral postings. Although the Corporation has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize credit default rate assumptions (Level 3 inputs).

SECURITIES (Tables)

SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost and Estimated Fair Value of Securities Available for Sale	Amortized cost and estimated fair value of securities available for sale are as follows (in thousands): March 31, 2022 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value U.S. Treasury notes and bonds $ 60,898 $ — $ 3,675 $ 57,223 Mortgage-backed securities, residential 570,028 193 41,085 529,136 Obligations of states and political subdivisions 40,266 246 91 40,421 Corporate bonds and notes 25,750 56 492 25,314 SBA loan pools 94,899 279 929 94,249 Total $ 791,841 $ 774 $ 46,272 $ 746,343 December 31, 2021 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value U.S. Treasury notes and bonds $ 61,084 $ 27 $ 680 $ 60,431 Mortgage-backed securities, residential 582,060 4,032 8,731 577,361 Obligations of states and political subdivisions 40,299 2,004 — 42,303 Corporate bonds and notes 22,750 180 82 22,848 SBA loan pools 89,216 344 477 89,083 Total $ 795,409 $ 6,587 $ 9,970 $ 792,026
Schedule of Amortized Cost and Estimated Fair Value of Securities Held to Maturity	Amortized cost and estimated fair value of securities held to maturity are as follows (in thousands): March 31, 2022 Amortized Cost Unrecognized Gains Unrecognized Losses Estimated Fair Value Obligations of states and political subdivisions $ 2,146 $ — $ — $ 2,146 Time deposits with other financial institutions 1,430 — — 1,430 Total $ 3,576 $ — $ — $ 3,576 December 31, 2021 Amortized Cost Unrecognized Gains Unrecognized Losses Estimated Fair Value Obligations of states and political subdivisions $ 2,157 $ — $ — $ 2,157 Time deposits with other financial institutions 1,633 6 — 1,639 Total $ 3,790 $ 6 $ — $ 3,796
Schedule of Amortized Cost and Estimated Fair Value of Debt Securities by Contractual Maturity	Securities not due at a single maturity date are shown separately (in thousands): March 31, 2022 Available for Sale Held to Maturity Amortized Fair Amortized Fair Within one year $ 1,303 $ 1,300 $ 2,457 $ 2,457 After one, but within five years 100,517 96,884 319 319 After five, but within ten years 24,624 24,304 800 800 After ten years 470 470 — — 126,914 122,958 3,576 3,576 Mortgage-backed securities, residential 570,028 529,136 — — SBA loan pools 94,899 94,249 — — Total $ 791,841 $ 746,343 $ 3,576 $ 3,576
Schedule of Investment Securities Available for Sale in an Unrealized Loss Position	The following tables summarize the investment securities available for sale with unrealized losses at March 31, 2022 and December 31, 2021 by aggregated major security type and length of time in a continuous unrealized loss position (in thousands): Less than 12 months 12 months or longer Total March 31, 2022 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Treasury notes and bonds $ 57,222 $ 3,675 $ — $ — $ 57,222 $ 3,675 Mortgage-backed securities, residential 315,115 19,657 197,549 21,428 512,664 41,085 Obligations of states and political subdivisions 11,259 91 — — 11,259 91 Corporate bonds and notes 11,268 481 1,989 11 13,257 492 SBA loan pools 44,665 686 25,071 243 69,736 929 Total temporarily impaired securities $ 439,529 $ 24,590 $ 224,609 $ 21,682 $ 664,138 $ 46,272 Less than 12 months 12 months or longer Total December 31, 2021 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Treasury notes and bonds $ 49,084 $ 680 $ — $ — $ 49,084 $ 680 Mortgage-backed securities, residential 293,720 4,502 122,050 4,229 415,770 8,731 Corporate bonds and notes 4,928 72 1,989 10 6,917 82 SBA loan pools 51,235 296 13,769 181 65,004 477 Total temporarily impaired securities $ 398,967 $ 5,550 $ 137,808 $ 4,420 $ 536,775 $ 9,970

LOANS AND ALLOWANCE FOR LOAN _2

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Schedule of Composition of the Loan Portfolio by Type	The composition of the loan portfolio, net of deferred origination fees and costs, is summarized as follows (in thousands): March 31, 2022 December 31, 2021 Commercial and agricultural: Commercial and industrial $ 254,048 $ 256,893 Agricultural 235 394 Commercial mortgages: Construction 80,472 82,204 Commercial mortgages, other 767,549 720,358 Residential mortgages 264,816 259,334 Consumer loans: Home equity lines and loans 70,257 70,670 Indirect consumer loans 119,674 118,569 Direct consumer loans 9,474 9,827 Total loans, net of deferred loan fees and costs 1,566,525 1,518,249 Interest receivable on loans 4,334 4,133 Total recorded investment in loans $ 1,570,859 $ 1,522,382
Schedule of Allowance for Loan Losses by Portfolio Segment	The following tables present the activity in the allowance for loan losses by portfolio segment for the three month periods ended March 31, 2022 and 2021 (in thousands): Three Months Ended March 31, 2022 Allowance for loan losses Commercial and Agricultural Commercial Mortgages Residential Mortgages Consumer Loans Total Beginning balance $ 3,591 $ 13,556 $ 1,803 $ 2,075 $ 21,025 Charge-offs (4) — — (194) (198) Recoveries 6 1 — 239 246 Net recoveries (charge-offs) 2 1 — 45 48 Provision (110) (593) (197) (245) (1,145) Ending balance $ 3,483 $ 12,964 $ 1,606 $ 1,875 $ 19,928 Three Months Ended March 31, 2021 Allowance for loan losses Commercial and Agricultural Commercial Mortgages Residential Mortgages Consumer Loans Total Beginning balance $ 4,493 $ 11,496 $ 2,079 $ 2,856 $ 20,924 Charge-offs — — (26) (164) (190) Recoveries 296 — — 138 434 Net recoveries (charge-offs) 296 — (26) (26) 244 Provision (452) 290 62 (159) (259) Ending balance $ 4,337 $ 11,786 $ 2,115 $ 2,671 $ 20,909
Schedule of Allowance for Loan Losses and the Recorded Investment in Loans Based on Impairment Method	The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 Allowance for loan losses: Commercial and Agricultural Commercial Mortgages Residential Mortgages Consumer Loans Total Ending allowance balance attributable to loans: Individually evaluated for impairment $ 1,329 $ 1,479 $ — $ 53 $ 2,861 Collectively evaluated for impairment 2,154 11,485 1,606 1,822 17,067 Total ending allowance balance $ 3,483 $ 12,964 $ 1,606 $ 1,875 $ 19,928 December 31, 2021 Allowance for loan losses: Commercial and Agricultural Commercial Mortgages Residential Mortgages Consumer Loans Total Ending allowance balance attributable to loans: Individually evaluated for impairment $ 1,394 $ 1,571 $ — $ 65 $ 3,030 Collectively evaluated for impairment 2,197 11,985 1,803 2,010 17,995 Total ending allowance balance $ 3,591 $ 13,556 $ 1,803 $ 2,075 $ 21,025 March 31, 2022 Loans: Commercial and Agricultural Commercial Mortgages Residential Mortgages Consumer Loans Total Loans individually evaluated for impairment $ 2,341 $ 6,829 $ 931 $ 302 $ 10,403 Loans collectively evaluated for impairment 252,677 843,645 264,555 199,579 1,560,456 Total ending loans balance $ 255,018 $ 850,474 $ 265,486 $ 199,881 $ 1,570,859 December 31, 2021 Loans: Commercial and Agricultural Commercial Mortgages Residential Mortgages Consumer Loans Total Loans individually evaluated for impairment $ 2,427 $ 7,967 $ 938 $ 315 $ 11,647 Loans collectively evaluated for impairment 255,586 796,858 259,029 199,262 1,510,735 Total ending loans balance $ 258,013 $ 804,825 $ 259,967 $ 199,577 $ 1,522,382
Schedule of Impaired Financing Receivables	The following table presents loans individually evaluated for impairment recognized by class of loans as of March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 December 31, 2021 With no related allowance recorded: Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated Commercial and agricultural: Commercial and industrial $ 927 $ 927 $ — $ 954 $ 948 $ — Commercial mortgages: Construction 112 113 — 129 130 — Commercial mortgages, other 6,768 4,107 — 6,940 4,278 — Residential mortgages 943 931 — 951 938 — Consumer loans: Home equity lines and loans 177 161 — 185 169 — With an allowance recorded: Commercial and agricultural: Commercial and industrial 1,412 1,414 1,329 5,350 1,479 1,394 Commercial mortgages: Commercial mortgages, other 2,601 2,609 1,479 3,550 3,559 1,571 Consumer loans: Home equity lines and loans 141 141 53 146 146 65 Total $ 13,081 $ 10,403 $ 2,861 $ 18,205 $ 11,647 $ 3,030 The following table presents the average recorded investment and interest income of loans individually evaluated for impairment recognized by class of loans for the three month periods ended March 31, 2022 and 2021 (in thousands): Three Months Ended Three Months Ended With no related allowance recorded: Average Recorded Investment Interest Income Recognized 1 Average Recorded Investment Interest Income Recognized 1 Commercial and agricultural: Commercial and industrial $ 937 $ 3 $ 1,912 $ 13 Commercial mortgages: Construction 121 1 182 2 Commercial mortgages, other 4,193 7 4,822 8 Residential mortgages 934 11 1,118 8 Consumer loans: Home equity lines & loans 165 1 413 2 With an allowance recorded: Commercial and agricultural: Commercial and industrial 1,446 3 1,477 2 Commercial mortgages: Commercial mortgages, other 3,084 21 167 — Consumer loans: Home equity lines and loans 143 — 166 — Total $ 11,023 $ 47 $ 10,257 $ 35 (1) Cash basis interest income approximates interest income recognized.
Schedule of Recorded Investment in Past Due and Non-Accrual Status by Class of Loans	The following table presents the recorded investment in non-accrual and loans past due 90 days or more and still accruing by class of loans as of March 31, 2022 and December 31, 2021 (in thousands): Non-accrual Loans Past Due 90 Days or More and Still Accruing March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 Commercial and agricultural: Commercial and industrial $ 1,854 $ 1,932 $ 6 $ 4 Commercial mortgages: Construction 24 34 — — Commercial mortgages, other 3,676 3,844 — — Residential mortgages 780 1,039 — — Consumer loans: Home equity lines and loans 831 790 — — Indirect consumer loans 523 462 — — Direct consumer loans 15 13 — — Total $ 7,703 $ 8,114 $ 6 $ 4 The following tables present the aging of the recorded investment in loans as of March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 30 - 59 Days Past Due 60 - 89 Days Past Due 90 Days or More Past Due Total Past Due Loans Not Past Due Total Commercial and agricultural: Commercial and industrial $ 12 $ — $ 18 $ 30 $ 254,752 $ 254,782 Agricultural — — — — 236 236 Commercial mortgages: Construction — — — — 80,705 80,705 Commercial mortgages, other 375 — 1,309 1,684 768,085 769,769 Residential mortgages 530 122 401 1,053 264,433 265,486 Consumer loans: Home equity lines and loans 208 83 578 869 69,567 70,436 Indirect consumer loans 630 257 178 1,065 118,865 119,930 Direct consumer loans 9 2 15 26 9,489 9,515 Total $ 1,764 $ 464 $ 2,499 $ 4,727 $ 1,566,132 $ 1,570,859 December 31, 2021 30 - 59 Days Past Due 60 - 89 Days Past Due 90 Days or More Past Due Total Past Due Loans Not Past Due Total Commercial and agricultural: Commercial and industrial $ 413 $ 148 $ 26 $ 587 $ 257,031 $ 257,618 Agricultural — — — — 395 395 Commercial mortgages: Construction — — — — 82,435 82,435 Commercial mortgages, other 24 224 1,302 1,550 720,840 722,390 Residential mortgages 580 32 652 1,264 258,703 259,967 Consumer loans: Home equity lines and loans 256 69 424 749 70,105 70,854 Indirect consumer loans 1,179 424 255 1,858 116,997 118,855 Direct consumer loans 24 11 13 48 9,820 9,868 Total $ 2,476 $ 908 $ 2,672 $ 6,056 $ 1,516,326 $ 1,522,382
Schedule of Loans by Class Modified as Troubled Debt Restructurings	The following table presents loans by class modified as TDRs that occurred during the three month period ended March 31, 2021 (dollars in thousands): March 31, 2021 Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Troubled debt restructurings: Commercial mortgages: Commercial mortgages, other 2 $ 2,488 $ 2,488 Total 2 $ 2,488 $ 2,488
Schedule of Risk Category of the Recorded Investment of Loans by Class of Loans	Based on the analyses performed as of March 31, 2022 and December 31, 2021, the risk category of the recorded investment of loans by class of loans is as follows (in thousands): March 31, 2022 Not Rated Pass Special Mention Substandard Doubtful Total Commercial and agricultural: Commercial and industrial $ — $ 248,148 $ 2,649 $ 2,933 $ 1,052 $ 254,782 Agricultural — 236 — — — 236 Commercial mortgages: Construction — 80,681 — 24 — 80,705 Commercial mortgages — 723,700 28,779 16,174 1,116 769,769 Residential mortgages 264,706 — — 780 — 265,486 Consumer loans: Home equity lines and loans 69,605 — — 831 — 70,436 Indirect consumer loans 119,407 — — 523 — 119,930 Direct consumer loans 9,500 — — 15 — 9,515 Total $ 463,218 $ 1,052,765 $ 31,428 $ 21,280 $ 2,168 $ 1,570,859 December 31, 2021 Not Rated Pass Special Mention Substandard Doubtful Total Commercial and agricultural: Commercial and industrial $ — $ 250,529 $ 2,892 $ 3,108 $ 1,089 $ 257,618 Agricultural — 395 — — — 395 Commercial mortgages: Construction — 82,404 — 31 — 82,435 Commercial mortgages — 672,741 31,072 17,458 1,119 722,390 Residential mortgages 258,928 — — 1,039 — 259,967 Consumer loans: Home equity lines and loans 70,064 — — 790 — 70,854 Indirect consumer loans 118,393 — — 462 — 118,855 Direct consumer loans 9,855 — — 13 — 9,868 Total $ 457,240 $ 1,006,069 $ 33,964 $ 22,901 $ 2,208 $ 1,522,382
Schedule of Recorded Investment in Residential and Consumer Loans Based on Payment Activity	The following tables present the recorded investment in residential and consumer loans based on payment activity as of March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 Consumer Loans Residential Mortgages Home Equity Lines and Loans Indirect Consumer Loans Other Direct Consumer Loans Performing $ 264,706 $ 69,605 $ 119,407 $ 9,500 Non-Performing 780 831 523 15 $ 265,486 $ 70,436 $ 119,930 $ 9,515 December 31, 2021 Consumer Loans Residential Mortgages Home Equity Lines and Loans Indirect Consumer Loans Other Direct Consumer Loans Performing $ 258,928 $ 70,064 $ 118,393 $ 9,855 Non-Performing 1,039 790 462 13 $ 259,967 $ 70,854 $ 118,855 $ 9,868

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	Assets and liabilities measured at fair value on a recurring basis are summarized below (in thousands): Fair Value Measurement at March 31, 2022 Using Financial Assets: Fair Value Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs U.S. Treasury notes and bonds $ 57,223 $ 57,223 $ — $ — Mortgage-backed securities, residential 529,136 — 529,136 — Obligations of states and political subdivisions 40,421 — 40,421 — Corporate bonds and notes 25,314 — 25,314 — SBA loan pools 94,249 — 94,249 — Total available for sale securities $ 746,343 $ 57,223 $ 689,120 $ — Equity investments, at fair value $ 2,390 $ 2,390 $ — $ — Derivative assets 12,668 — 12,668 — Financial Liabilities: Derivative liabilities $ 12,847 $ — $ 12,847 $ — There were no transfers between Level 1 and Level 2 during the three month period ended March 31, 2022. Fair Value Measurement at December 31, 2021 Using Financial Assets: Fair Value Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs U.S. Treasury notes and bonds $ 60,431 $ 60,431 $ — $ — Mortgage-backed securities, residential 577,361 — 577,361 — Obligations of states and political subdivisions 42,303 — 42,303 — Corporate bonds and notes 22,848 — 22,848 — SBA loan pools 89,083 — 89,083 — Total available for sale securities $ 792,026 $ 60,431 $ 731,595 $ — Equity investments, at fair value $ 2,404 $ 2,404 $ — $ — Derivative assets 9,498 — 9,498 — Financial Liabilities: Derivative liabilities $ 9,726 $ — $ 9,726 $ —
Information Related To Level 3 Non-Recurring Fair Value Measurement	Assets and liabilities measured at fair value on a non-recurring basis are summarized below (in thousands): Fair Value Measurement at March 31, 2022 Using Financial Assets: Fair Value Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Other real estate owned: Residential mortgages $ 197 $ — $ — $ 197 Consumer loans: Home equity lines and loans 54 — — 54 Total other real estate owned, net $ 251 $ — $ — $ 251 Fair Value Measurement at December 31, 2021 Using Financial Assets: Fair Value Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Other real estate owned: Residential mortgages $ 143 $ — $ — $ 143 Total other real estate owned, net $ 143 $ — $ — $ 143 The following tables present information related to Level 3 non-recurring fair value measurement at March 31, 2022 and December 31, 2021 (in thousands): Description Fair Value at March 31, 2022 Valuation Technique Unobservable Inputs Range [Weighted Average] at March 31, 2022 Impaired loans: OREO: Commercial mortgages: Residential mortgages $ 197 Sales comparison Discount to appraised value 20.80% - 20.80% [20.80%] Consumer loans: Home equity lines and loans 54 Sales comparison Discount to appraised value 20.80% - 20.80% [20.80%] $ 251 Description Fair Value at December 31, 2021 Valuation Technique Unobservable Inputs Range [Weighted Average] at December 31, 2021 Impaired loans: OREO: Residential mortgages 143 Sales comparison Discount to appraised value 20.80% - 20.80% [20.80%] $ 143
Schedule of Carrying Value and Estimated Fair Value of Financial Instruments	The carrying amounts and estimated fair values of other financial instruments, at March 31, 2022 and December 31, 2021, are as follows (in thousands): March 31, 2022 Financial assets: Carrying Amount Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Estimated Fair Value Cash and due from financial institutions $ 21,757 $ 21,757 $ — $ — $ 21,757 Interest-earning deposits in other financial institutions 43,726 43,726 — — 43,726 Equity investments 2,949 2,949 — — 2,949 Securities available for sale 746,343 57,223 689,120 — 746,343 Securities held to maturity 3,576 — 1,430 2,146 3,576 FHLBNY and FRBNY stock 3,576 — — — N/A Loans, net and loans held for sale 1,546,942 — — 1,535,617 1,535,617 Accrued interest receivable 6,267 131 1,802 4,334 6,267 Derivative Assets 12,668 — 12,668 — 12,668 Financial liabilities: Deposits: Demand, savings, and insured money market accounts $ 1,994,263 $ 1,994,263 $ — $ — $ 1,994,263 Time deposits 255,329 — 256,327 — 256,327 Accrued interest payable 227 11 216 — 227 Derivative Liabilities 12,847 — 12,847 — 12,847 (1) Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. December 31, 2021 Financial assets: Carrying Amount Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Estimated Fair Value Cash and due from financial institutions $ 17,365 $ 17,365 $ — $ — $ 17,365 Interest-earning deposits in other financial institutions 9,616 9,616 — — 9,616 Equity investments 2,964 2,964 — — 2,964 Securities available for sale 792,026 60,431 731,595 — 792,026 Securities held to maturity 3,790 — 1,639 2,157 3,796 FHLBNY and FRBNY stock 4,218 — — — N/A Loans, net and loans held for sale 1,497,620 — — 1,480,967 1,480,967 Accrued interest receivable 5,985 106 1,746 4,133 5,985 Derivative Asset 9,498 — 9,498 — 9,498 Financial liabilities: Deposits: Demand, savings, and insured money market accounts $ 1,959,076 $ 1,959,076 $ — $ — $ 1,959,076 Time deposits 196,357 — 197,658 — 197,658 Accrued interest payable 210 10 200 — 210 Derivative Liabilities 9,726 — 9,726 — 9,726 (1) Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Schedule of Leased Branch Properties	Leased branch properties at March 31, 2022 and December 31, 2021 consist of the following (in thousands): March 31, 2022 December 31, 2021 Operating lease right-of-use asset $ 7,234 $ 7,145 Less: accumulated amortization (199) (759) Less: lease termination — (313) Add: new lease agreement and modifications — 1,161 Operating lease right-of-use-assets, net $ 7,035 $ 7,234
Schedule of Undiscounted Cash Flows of the Operating Lease Liabilities	The following is a schedule by year of the undiscounted cash flows of the operating lease liabilities, excluding CAM charges, as of March 31, 2022 (in thousands): Year Amount 2022 $ 730 2023 992 2024 924 2025 841 2026 845 2027 and thereafter 4,023 Total minimum lease payments 8,355 Less: amount representing interest (1,169) Present value of net minimum lease payments $ 7,186
Schedule of Leases in Premises and Equipment	The Corporation has included these leases in premises and equipment March 31, 2022 December 31, 2021 Buildings $ 5,572 $ 5,572 Less: accumulated depreciation (2,291) (2,208) Net book value $ 3,281 $ 3,364
Schedule of Future Minimum Financial Lease Payments	The following is a schedule by year of future minimum lease payments under the capitalized lease, together with the present value of net minimum lease payments as of March 31, 2022 (in thousands): Year Amount 2022 $ 293 2023 391 2024 391 2025 409 2026 425 2027 and thereafter 2,415 Total minimum lease payments 4,324 Less: amount representing interest (797) Present value of net minimum lease payments $ 3,527

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in Goodwill	The changes in goodwill included in the core banking segment during the three month periods ended March 31, 2022 and 2021 were as follows (in thousands): 2022 2021 Beginning of year $ 21,824 $ 21,824 Acquired goodwill — — Ending balance March 31, $ 21,824 $ 21,824
Schedule of Acquired Finite-Lived Intangible Assets by Major Class	Acquired intangible assets were as follows at March 31, 2022 and December 31, 2021 (in thousands): At March 31, 2022 At December 31, 2021 Balance Acquired Accumulated Amortization Balance Acquired Accumulated Amortization Core deposit intangibles $ 5,975 $ 5,975 $ 5,975 $ 5,974 Other customer relationship intangibles 5,633 5,629 5,633 5,619 Total $ 11,608 $ 11,604 $ 11,608 $ 11,593
Schedule of Expected Amortization Expense	The remaining estimated aggregate amortization expense at March 31, 2022 is listed below (in thousands): Year Estimated Expense 2022 $ 4 Total $ 4

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Contractual Amounts of Financial Instruments with Off-Balance Sheet Risk	The following table lists the contractual amounts of financial instruments with off-balance sheet risk at March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 December 31, 2021 Fixed Rate Variable Rate Fixed Rate Variable Rate Commitments to make loans $ 26,606 $ 52,207 $ 20,772 $ 46,558 Unused lines of credit 3,490 288,692 4,745 288,368 Standby letters of credit — 16,856 — 7,974

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Schedule of Components of Accumulated Other Comprehensive Loss	The following is a summary of the changes in accumulated other comprehensive income (loss) by component, net of tax, for the periods indicated (in thousands): Unrealized Gains and Losses on Securities Available for Sale Defined Benefit and Other Benefit Plans Total Balance at January 1, 2022 $ (2,495) $ (4,035) $ (6,530) Other comprehensive income before reclassification (31,087) — (31,087) Amounts reclassified from accumulated other comprehensive income — 12 12 Net current period other comprehensive income (loss) (31,087) 12 (31,075) Balance at March 31, 2022 $ (33,582) $ (4,023) $ (37,605) Unrealized Gains and Losses on Securities Available for Sale Defined Benefit and Other Benefit Plans Total Balance at January 1, 2021 $ 9,127 $ (6,726) 2,401 Other comprehensive income before reclassification (10,153) — (10,153) Amounts reclassified from accumulated other comprehensive income — — — Net current period other comprehensive loss (10,153) — (10,153) Balance at March 31, 2021 $ (1,026) $ (6,726) $ (7,752)
Schedule of Reclassification Out of Accumulated Other Comprehensive Income	The following is the reclassification out of accumulated other comprehensive income for the periods indicated (in thousands): Details about Accumulated Other Comprehensive Income (Loss) Components Three Months Ended Affected Line Item 2022 2021 Amortization of defined pension plan and other benefit plan items: Prior service costs (a) $ — $ (55) Other components of net periodic pension and postretirement benefits Actuarial losses (a) 14 55 Other components of net periodic pension and postretirement benefits Tax effect (2) — Income tax expense Net of tax 12 — Total reclassification for the period, net of tax $ 12 $ — (a) These accumulated other comprehensive income components are included in the computation of net periodic pension and other benefit plan costs (see Note 11 for additional information).

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following tables present the Corporation's non-interest income by revenue stream and reportable segment for the three months ended March 31, 2022 and 2021 (in thousands). Items outside the scope of ASC 606 are noted as such. Three Months Ended March 31, 2022 Revenue by Operating Segment: Core Banking WMG Holding Company, CFS, and CRM (b) Total Non-interest income Service charges on deposit accounts Overdraft fees $ 673 $ — $ — $ 673 Other 191 — — 191 Interchange revenue from debit card transactions 1,130 — — 1,130 WMG fee income — 2,757 — 2,757 CFS fee and commission income — — 253 253 Net gains (losses) on sales of OREO — — — — Net gains on sales of loans (a) 74 — — 74 Loan servicing fees (a) 39 — — 39 Changes in fair value of equity investments (a) (114) — 1 (113) Income from bank-owned life insurance (a) 11 — — 11 Other (a) 689 — (41) 648 Total non-interest income (loss) $ 2,693 $ 2,757 $ 213 $ 5,663 (a) Not within scope of ASC 606. (b) The Holding Company, CFS, and CRM column above includes amounts to eliminate transactions between segments. Three Months Ended March 31, 2021 Revenue by Operating Segment: Core Banking WMG Holding Company, CFS, and CRM (b) Total Non-interest income Service charges on deposit accounts Overdraft fees $ 450 $ — $ — $ 450 Other 267 — — 267 Interchange revenue from debit card transactions 1,123 — — 1,123 WMG fee income — 2,678 — 2,678 CFS fee and commission income — — 214 214 Net gains (losses) on sales of OREO (18) — — (18) Net gains on sales of loans (a) 300 — — 300 Loan servicing fees (a) 35 — — 35 Changes in fair value of equity investments (a) 34 — 52 86 Income from bank-owned life insurance (a) 15 — — 15 Other (a) 485 — (14) 471 Total non-interest income $ 2,691 $ 2,678 $ 252 $ 5,621 (a) Not within scope of ASC 606. (b) The Holding Company, CFS, and CRM column above includes amounts to eliminate transactions between segments.

COMPONENTS OF QUARTERLY AND Y_2

COMPONENTS OF QUARTERLY AND YEAR TO DATE NET PERIODIC BENEFIT COSTS (Tables)	3 Months Ended
	Mar. 31, 2022
Retirement Benefits [Abstract]
Schedule of Components of Net Periodic Benefit Costs	The components of net periodic expense for the Corporation’s pension and other benefit plans for the periods indicated are as follows (in thousands): Three Months Ended 2022 2021 Qualified Pension Plan Service cost, benefits earned during the period $ — $ — Interest cost on projected benefit obligation 282 272 Expected return on plan assets (713) (673) Amortization of unrecognized transition obligation — — Amortization of unrecognized prior service cost — — Amortization of unrecognized net loss — 37 Net periodic pension benefit $ (431) $ (364) Supplemental Pension Plan Service cost, benefits earned during the period $ — $ — Interest cost on projected benefit obligation 8 8 Expected return on plan assets — — Amortization of unrecognized prior service cost — — Amortization of unrecognized net loss 5 5 Net periodic supplemental pension cost $ 13 $ 13 Postretirement Plan, Medical and Life Service cost, benefits earned during the period $ — $ — Interest cost on projected benefit obligation 1 2 Expected return on plan assets — — Amortization of unrecognized prior service cost — (55) Amortization of unrecognized net loss 9 13 Net periodic postretirement, medical and life benefit $ 10 $ (40)

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Schedule of Summarized Financial Information Showing Reconciliation of Segment Net Income Loss and Assets to Consolidated Results	The Holding Company, CFS, and CRM columns below includes amounts to eliminate transactions between segments (in thousands). Three months ended March 31, 2022 Core Banking WMG Holding Company, CFS, and CRM Consolidated Totals Interest and dividend income $ 17,451 $ — $ 7 $ 17,458 Interest expense 781 — — 781 Net interest income 16,670 — 7 16,677 Provision for loan losses (1,145) — — (1,145) Net interest income after provision for loan losses 17,815 — 7 17,822 Other non-interest income 2,693 2,757 213 5,663 Other non-interest expenses 12,531 1,815 322 14,668 Income (loss) before income tax expense (benefit) 7,977 942 (102) 8,817 Income tax expense (benefit) 1,766 209 (25) 1,950 Segment net income (loss) $ 6,211 $ 733 $ (77) $ 6,867 Three months ended March 31, 2021 Core Banking WMG Holding Company, CFS, and CRM Consolidated Totals Interest and dividend income $ 16,735 $ — $ 5 $ 16,740 Interest expense 954 — — 954 Net interest income 15,781 — 5 15,786 Provision for loan losses (259) — — (259) Net interest income after provision for loan losses 16,040 — 5 16,045 Other non-interest income 2,691 2,678 252 5,621 Other non-interest expenses 11,433 1,651 269 13,353 Income (loss) before income tax expense (benefit) 7,298 1,027 (12) 8,313 Income tax expense (benefit) 1,529 263 (9) 1,783 Segment net income (loss) $ 5,769 $ 764 $ (3) $ 6,530

STOCK COMPENSATION (Tables)

STOCK COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Schedule of Restricted Stock Activity	A summary of restricted stock activity for the three months ended March 31, 2022 is presented below: Shares Weighted–Average Grant Date Fair Value Nonvested at January 1, 2022 37,837 $42.99 Granted 12,560 $45.55 Vested (2,109) $42.51 Forfeited or cancelled — Nonvested at March 31, 2022 48,288 $43.68

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Details) - shares		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Weighted average shares outstanding, basic (in shares)	[1]	4,689,000	4,690,000
Weighted average shares outstanding, diluted (in shares)	[1]	4,689,000	4,690,000
Dilutive common stock equivalents (in shares)		0	0
[1]	*Retroactive implementation of the Corporation's 2021 Equity Incentive Plan required a change in methodology used to calculate weighted average outstanding shares.

SECURITIES - Securities Availab

SECURITIES - Securities Available for Sale (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Amortized cost and estimated fair value of securities available for sale
Amortized Cost	$ 791,841,000		$ 795,409,000
Unrealized Gains	774,000		6,587,000
Unrealized Losses	46,272,000		9,970,000
Estimated Fair Value	746,343,000		792,026,000
Amortized Cost
Within one year	1,303,000
After one, but within five years	100,517,000
After five, but within ten years	24,624,000
After ten years	470,000
Total	126,914,000
Amortized Cost	791,841,000		795,409,000
Fair Value
Within one year	1,300,000
After one, but within five years	96,884,000
After five, but within ten years	24,304,000
After ten years	470,000
Total	122,958,000
Total	746,343,000		792,026,000
Proceeds from sales and calls of securities resulting in gains or losses
Proceeds	0	$ 0
U.S. Treasury notes and bonds
Amortized cost and estimated fair value of securities available for sale
Amortized Cost	60,898,000		61,084,000
Unrealized Gains	0		27,000
Unrealized Losses	3,675,000		680,000
Estimated Fair Value	57,223,000		60,431,000
Amortized Cost
Amortized Cost	60,898,000		61,084,000
Fair Value
Total	57,223,000		60,431,000
Mortgage-backed securities, residential
Amortized cost and estimated fair value of securities available for sale
Amortized Cost	570,028,000		582,060,000
Unrealized Gains	193,000		4,032,000
Unrealized Losses	41,085,000		8,731,000
Estimated Fair Value	529,136,000		577,361,000
Amortized Cost
Without single maturity date	570,028,000
Amortized Cost	570,028,000		582,060,000
Fair Value
Without single maturity date	529,136,000
Total	529,136,000		577,361,000
Obligations of states and political subdivisions
Amortized cost and estimated fair value of securities available for sale
Amortized Cost	40,266,000		40,299,000
Unrealized Gains	246,000		2,004,000
Unrealized Losses	91,000		0
Estimated Fair Value	40,421,000		42,303,000
Amortized Cost
Amortized Cost	40,266,000		40,299,000
Fair Value
Total	40,421,000		42,303,000
Corporate bonds and notes
Amortized cost and estimated fair value of securities available for sale
Amortized Cost	25,750,000		22,750,000
Unrealized Gains	56,000		180,000
Unrealized Losses	492,000		82,000
Estimated Fair Value	25,314,000		22,848,000
Amortized Cost
Amortized Cost	25,750,000		22,750,000
Fair Value
Total	25,314,000		22,848,000
SBA loan pools
Amortized cost and estimated fair value of securities available for sale
Amortized Cost	94,899,000		89,216,000
Unrealized Gains	279,000		344,000
Unrealized Losses	929,000		477,000
Estimated Fair Value	94,249,000		89,083,000
Amortized Cost
Without single maturity date	94,899,000
Amortized Cost	94,899,000		89,216,000
Fair Value
Without single maturity date	94,249,000
Total	$ 94,249,000		$ 89,083,000

SECURITIES - Securities Held to

SECURITIES - Securities Held to Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Amortized cost and estimated fair value of securities held to maturity
Amortized Cost	$ 3,576	$ 3,790
Unrecognized Gains	0	6
Unrecognized Losses	0	0
Estimated Fair Value	3,576	3,796
Amortized Cost
Within one year	2,457
After one, but within five years	319
After five, but within ten years	800
After ten years	0
Total	3,576
Amortized Cost	3,576	3,790
Fair Value
Within one year	2,457
After one, but within five years	319
After five, but within ten years	800
After ten years	0
Total	3,576
Total	3,576	3,796
Obligations of states and political subdivisions
Amortized cost and estimated fair value of securities held to maturity
Amortized Cost	2,146	2,157
Unrecognized Gains	0	0
Unrecognized Losses	0	0
Estimated Fair Value	2,146	2,157
Amortized Cost
Amortized Cost	2,146	2,157
Fair Value
Total	2,146	2,157
Time deposits with other financial institutions
Amortized cost and estimated fair value of securities held to maturity
Amortized Cost	1,430	1,633
Unrecognized Gains	0	6
Unrecognized Losses	0	0
Estimated Fair Value	1,430	1,639
Amortized Cost
Amortized Cost	1,430	1,633
Fair Value
Total	1,430	$ 1,639
Mortgage-backed securities, residential
Amortized Cost
Without single maturity date	0
Fair Value
Without single maturity date	0
SBA loan pools
Amortized Cost
Without single maturity date	0
Fair Value
Without single maturity date	$ 0

SECURITIES - Investment Securit

SECURITIES - Investment Securities Available for Sale in Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value
Less than 12 months	$ 439,529	$ 398,967
12 months or longer	224,609	137,808
Total	664,138	536,775
Unrealized Losses
Less than 12 months	24,590	5,550
12 months or longer	21,682	4,420
Total	46,272	9,970
U.S. Treasury notes and bonds
Fair Value
Less than 12 months	57,222	49,084
12 months or longer	0	0
Total	57,222	49,084
Unrealized Losses
Less than 12 months	3,675	680
12 months or longer	0	0
Total	3,675	680
Mortgage-backed securities, residential
Fair Value
Less than 12 months	315,115	293,720
12 months or longer	197,549	122,050
Total	512,664	415,770
Unrealized Losses
Less than 12 months	19,657	4,502
12 months or longer	21,428	4,229
Total	41,085	8,731
Obligations of states and political subdivisions
Fair Value
Less than 12 months	11,259
12 months or longer	0
Total	11,259
Unrealized Losses
Less than 12 months	91
12 months or longer	0
Total	91
Corporate bonds and notes
Fair Value
Less than 12 months	11,268	4,928
12 months or longer	1,989	1,989
Total	13,257	6,917
Unrealized Losses
Less than 12 months	481	72
12 months or longer	11	10
Total	492	82
SBA loan pools
Fair Value
Less than 12 months	44,665	51,235
12 months or longer	25,071	13,769
Total	69,736	65,004
Unrealized Losses
Less than 12 months	686	296
12 months or longer	243	181
Total	$ 929	$ 477

LOANS AND ALLOWANCE FOR LOAN _3

LOANS AND ALLOWANCE FOR LOAN LOSSES - Loan Portfolio (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Composition of loan portfolio [Abstract]
Total loans, net of deferred loan fees and costs	$ 1,566,525	$ 1,518,249
Interest receivable on loans	4,334	4,133
Total recorded investment in loans	1,570,859	1,522,382
Commercial and Agricultural
Composition of loan portfolio [Abstract]
Total recorded investment in loans	255,018	258,013
Commercial Mortgages
Composition of loan portfolio [Abstract]
Total recorded investment in loans	850,474	804,825
Commercial Mortgages | Construction
Composition of loan portfolio [Abstract]
Total loans, net of deferred loan fees and costs	80,472	82,204
Total recorded investment in loans	80,705	82,435
Commercial Mortgages | Commercial mortgages, other
Composition of loan portfolio [Abstract]
Total loans, net of deferred loan fees and costs	767,549	720,358
Total recorded investment in loans	769,769	722,390
Residential Mortgages
Composition of loan portfolio [Abstract]
Total loans, net of deferred loan fees and costs	264,816	259,334
Total recorded investment in loans	265,486	259,967
Consumer Loans
Composition of loan portfolio [Abstract]
Total recorded investment in loans	199,881	199,577
Consumer Loans | Home equity lines and loans
Composition of loan portfolio [Abstract]
Total loans, net of deferred loan fees and costs	70,257	70,670
Total recorded investment in loans	70,436	70,854
Consumer Loans | Indirect consumer loans
Composition of loan portfolio [Abstract]
Total loans, net of deferred loan fees and costs	119,674	118,569
Total recorded investment in loans	119,930	118,855
Consumer Loans | Direct consumer loans
Composition of loan portfolio [Abstract]
Total loans, net of deferred loan fees and costs	9,474	9,827
Total recorded investment in loans	9,515	9,868
Commercial and industrial | Commercial and Agricultural
Composition of loan portfolio [Abstract]
Total loans, net of deferred loan fees and costs	254,048	256,893
Total recorded investment in loans	254,782	257,618
Agricultural | Commercial and Agricultural
Composition of loan portfolio [Abstract]
Total loans, net of deferred loan fees and costs	235	394
Total recorded investment in loans	$ 236	$ 395

LOANS AND ALLOWANCE FOR LOAN _4

LOANS AND ALLOWANCE FOR LOAN LOSSES - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses	$ 0	$ 0
Number of days past due after which a retail loan is rated	90 days
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payroll protection program loans	$ 17,900,000	$ 43,200,000

LOANS AND ALLOWANCE FOR LOAN _5

LOANS AND ALLOWANCE FOR LOAN LOSSES - Allowances (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Allowance for loan losses, by portfolio segment [Roll Forward]
Beginning balance	$ 21,025	$ 20,924
Charge-offs	(198)	(190)
Recoveries	246	434
Net recoveries (charge-offs)	48	244
Provision	(1,145)	(259)
Ending balance	19,928	20,909
Ending allowance balance attributable to loans:
Individually evaluated for impairment	2,861		$ 3,030
Collectively evaluated for impairment	17,067		17,995
Total ending allowance balance	19,928	20,909	21,025
Loans:
Loans individually evaluated for impairment	10,403		11,647
Loans collectively evaluated for  impairment	1,560,456		1,510,735
Total recorded investment in loans	1,570,859		1,522,382
Commercial and Agricultural
Allowance for loan losses, by portfolio segment [Roll Forward]
Beginning balance	3,591	4,493
Charge-offs	(4)	0
Recoveries	6	296
Net recoveries (charge-offs)	2	296
Provision	(110)	(452)
Ending balance	3,483	4,337
Ending allowance balance attributable to loans:
Individually evaluated for impairment	1,329		1,394
Collectively evaluated for impairment	2,154		2,197
Total ending allowance balance	3,483	4,337	3,591
Loans:
Loans individually evaluated for impairment	2,341		2,427
Loans collectively evaluated for  impairment	252,677		255,586
Total recorded investment in loans	255,018		258,013
Commercial Mortgages
Allowance for loan losses, by portfolio segment [Roll Forward]
Beginning balance	13,556	11,496
Charge-offs	0	0
Recoveries	1	0
Net recoveries (charge-offs)	1	0
Provision	(593)	290
Ending balance	12,964	11,786
Ending allowance balance attributable to loans:
Individually evaluated for impairment	1,479		1,571
Collectively evaluated for impairment	11,485		11,985
Total ending allowance balance	12,964	11,786	13,556
Loans:
Loans individually evaluated for impairment	6,829		7,967
Loans collectively evaluated for  impairment	843,645		796,858
Total recorded investment in loans	850,474		804,825
Residential Mortgages
Allowance for loan losses, by portfolio segment [Roll Forward]
Beginning balance	1,803	2,079
Charge-offs	0	(26)
Recoveries	0	0
Net recoveries (charge-offs)	0	(26)
Provision	(197)	62
Ending balance	1,606	2,115
Ending allowance balance attributable to loans:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	1,606		1,803
Total ending allowance balance	1,606	2,115	1,803
Loans:
Loans individually evaluated for impairment	931		938
Loans collectively evaluated for  impairment	264,555		259,029
Total recorded investment in loans	265,486		259,967
Consumer Loans
Allowance for loan losses, by portfolio segment [Roll Forward]
Beginning balance	2,075	2,856
Charge-offs	(194)	(164)
Recoveries	239	138
Net recoveries (charge-offs)	45	(26)
Provision	(245)	(159)
Ending balance	1,875	2,671
Ending allowance balance attributable to loans:
Individually evaluated for impairment	53		65
Collectively evaluated for impairment	1,822		2,010
Total ending allowance balance	1,875	$ 2,671	2,075
Loans:
Loans individually evaluated for impairment	302		315
Loans collectively evaluated for  impairment	199,579		199,262
Total recorded investment in loans	$ 199,881		$ 199,577

LOANS AND ALLOWANCE FOR LOAN _6

LOANS AND ALLOWANCE FOR LOAN LOSSES - Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Unpaid Principal Balance
Total	$ 13,081		$ 18,205
Recorded Investment
Total	10,403		11,647
Allowance for Loan Losses Allocated	2,861		3,030
Average Recorded Investment
Average recorded investment, total	11,023	$ 10,257
Interest Income Recognized
Total	47	35
Residential Mortgages
Unpaid Principal Balance
With no related allowance recorded	943		951
Recorded Investment
With no related allowance recorded	931		938
Average Recorded Investment
With no related allowance recorded	934	1,118
Interest Income Recognized
With no related allowance recorded	11	8
Construction | Commercial Mortgages
Unpaid Principal Balance
With no related allowance recorded	112		129
Recorded Investment
With no related allowance recorded	113		130
Average Recorded Investment
With no related allowance recorded	121	182
Interest Income Recognized
With no related allowance recorded	1	2
Commercial mortgages, other | Commercial Mortgages
Unpaid Principal Balance
With no related allowance recorded	6,768		6,940
With an allowance recorded	2,601		3,550
Recorded Investment
With no related allowance recorded	4,107		4,278
With an allowance recorded	2,609		3,559
Allowance for Loan Losses Allocated	1,479		1,571
Average Recorded Investment
With no related allowance recorded	4,193	4,822
With an allowance recorded	3,084	167
Interest Income Recognized
With no related allowance recorded	7	8
With an allowance recorded	21	0
Home equity lines and loans | Consumer Loans
Unpaid Principal Balance
With no related allowance recorded	177		185
With an allowance recorded	141		146
Recorded Investment
With no related allowance recorded	161		169
With an allowance recorded	141		146
Allowance for Loan Losses Allocated	53		65
Average Recorded Investment
With no related allowance recorded	165	413
With an allowance recorded	143	166
Interest Income Recognized
With no related allowance recorded	1	2
With an allowance recorded	0	0
Commercial and industrial | Commercial and Agricultural
Unpaid Principal Balance
With no related allowance recorded	927		954
With an allowance recorded	1,412		5,350
Recorded Investment
With no related allowance recorded	927		948
With an allowance recorded	1,414		1,479
Allowance for Loan Losses Allocated	1,329		$ 1,394
Average Recorded Investment
With no related allowance recorded	937	1,912
With an allowance recorded	1,446	1,477
Interest Income Recognized
With no related allowance recorded	3	13
With an allowance recorded	$ 3	$ 2

LOANS AND ALLOWANCE FOR LOAN _7

LOANS AND ALLOWANCE FOR LOAN LOSSES - Receivables Past Due (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Non-accrual	$ 7,703	$ 8,114
Loans Past Due 90 Days or More and Still Accruing	6	4
Total recorded investment in loans	1,570,859	1,522,382
30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	1,764	2,476
60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	464	908
90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	2,499	2,672
Total Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	4,727	6,056
Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	1,566,132	1,516,326
Commercial and Agricultural
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	255,018	258,013
Commercial Mortgages
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	850,474	804,825
Commercial Mortgages | Construction
Financing Receivable, Past Due [Line Items]
Non-accrual	24	34
Loans Past Due 90 Days or More and Still Accruing	0	0
Total recorded investment in loans	80,705	82,435
Commercial Mortgages | Construction | 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	0	0
Commercial Mortgages | Construction | 60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	0	0
Commercial Mortgages | Construction | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	0	0
Commercial Mortgages | Construction | Total Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	0	0
Commercial Mortgages | Construction | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	80,705	82,435
Commercial Mortgages | Commercial mortgages, other
Financing Receivable, Past Due [Line Items]
Non-accrual	3,676	3,844
Loans Past Due 90 Days or More and Still Accruing	0	0
Total recorded investment in loans	769,769	722,390
Commercial Mortgages | Commercial mortgages, other | 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	375	24
Commercial Mortgages | Commercial mortgages, other | 60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	0	224
Commercial Mortgages | Commercial mortgages, other | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	1,309	1,302
Commercial Mortgages | Commercial mortgages, other | Total Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	1,684	1,550
Commercial Mortgages | Commercial mortgages, other | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	768,085	720,840
Residential Mortgages
Financing Receivable, Past Due [Line Items]
Non-accrual	780	1,039
Loans Past Due 90 Days or More and Still Accruing	0	0
Total recorded investment in loans	265,486	259,967
Residential Mortgages | 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	530	580
Residential Mortgages | 60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	122	32
Residential Mortgages | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	401	652
Residential Mortgages | Total Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	1,053	1,264
Residential Mortgages | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	264,433	258,703
Consumer Loans
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	199,881	199,577
Consumer Loans | Home equity lines and loans
Financing Receivable, Past Due [Line Items]
Non-accrual	831	790
Loans Past Due 90 Days or More and Still Accruing	0	0
Total recorded investment in loans	70,436	70,854
Consumer Loans | Home equity lines and loans | 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	208	256
Consumer Loans | Home equity lines and loans | 60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	83	69
Consumer Loans | Home equity lines and loans | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	578	424
Consumer Loans | Home equity lines and loans | Total Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	869	749
Consumer Loans | Home equity lines and loans | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	69,567	70,105
Consumer Loans | Indirect consumer loans
Financing Receivable, Past Due [Line Items]
Non-accrual	523	462
Loans Past Due 90 Days or More and Still Accruing	0	0
Total recorded investment in loans	119,930	118,855
Consumer Loans | Indirect consumer loans | 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	630	1,179
Consumer Loans | Indirect consumer loans | 60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	257	424
Consumer Loans | Indirect consumer loans | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	178	255
Consumer Loans | Indirect consumer loans | Total Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	1,065	1,858
Consumer Loans | Indirect consumer loans | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	118,865	116,997
Consumer Loans | Direct consumer loans
Financing Receivable, Past Due [Line Items]
Non-accrual	15	13
Loans Past Due 90 Days or More and Still Accruing	0	0
Total recorded investment in loans	9,515	9,868
Consumer Loans | Direct consumer loans | 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	9	24
Consumer Loans | Direct consumer loans | 60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	2	11
Consumer Loans | Direct consumer loans | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	15	13
Consumer Loans | Direct consumer loans | Total Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	26	48
Consumer Loans | Direct consumer loans | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	9,489	9,820
Commercial and industrial | Commercial and Agricultural
Financing Receivable, Past Due [Line Items]
Non-accrual	1,854	1,932
Loans Past Due 90 Days or More and Still Accruing	6	4
Total recorded investment in loans	254,782	257,618
Commercial and industrial | Commercial and Agricultural | 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	12	413
Commercial and industrial | Commercial and Agricultural | 60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	0	148
Commercial and industrial | Commercial and Agricultural | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	18	26
Commercial and industrial | Commercial and Agricultural | Total Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	30	587
Commercial and industrial | Commercial and Agricultural | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	254,752	257,031
Agricultural | Commercial and Agricultural
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	236	395
Agricultural | Commercial and Agricultural | 30 - 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	0	0
Agricultural | Commercial and Agricultural | 60 - 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	0	0
Agricultural | Commercial and Agricultural | 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	0	0
Agricultural | Commercial and Agricultural | Total Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	0	0
Agricultural | Commercial and Agricultural | Loans Not Past Due
Financing Receivable, Past Due [Line Items]
Total recorded investment in loans	$ 236	$ 395

LOANS AND ALLOWANCE FOR LOAN _8

LOANS AND ALLOWANCE FOR LOAN LOSSES - Troubled Debt Restructuring Narrative (Details)	May 31, 2020USD ($)	Mar. 31, 2022USD ($)contract	Mar. 31, 2021USD ($)borrowercontract	Dec. 31, 2021USD ($)
Financing Receivable, Troubled Debt Restructuring [Line Items]
Financing receivable, loan forebearances, loan balance	$ 242,500,000
Financing receivable, troubled debt restructuring		$ 9,200,000		$ 10,300,000
Financing receivable, troubled debt restructuring, purchased with credit deterioration, increase		1,800,000		1,900,000
Financing receivable, modifications, recorded investment, still accruing		4,700,000		5,600,000
Financing receivable, modifications, recorded investment, nonaccrual status		4,500,000		4,700,000
Additional amounts committed to customers with loans classified as troubled debt restructurings		$ 0		$ 0
Number of Loans | borrower			2
Increase in allowance for loan losses related to troubled debt restructurings			$ 0
Charge offs			$ 0
Number of days past due after which a loan is considered to be in payment default		90 days
Financing receivable, troubled debt restructuring, subsequent default, number of contracts | contract		0	0
Commercial Mortgages | Commercial mortgages, other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | borrower			2
Financing Receivable | Chemung | Customer Concentration Risk
Financing Receivable, Troubled Debt Restructuring [Line Items]
Concentration risk percentage (in percentage)	15.77%

LOANS AND ALLOWANCE FOR LOAN _9

LOANS AND ALLOWANCE FOR LOAN LOSSES - Troubled Debt Restructuring (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)borrower
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | borrower	2
Pre-Modification Outstanding Recorded Investment	$ 2,488
Post-Modification Outstanding Recorded Investment	$ 2,488
Commercial Mortgages | Commercial mortgages, other
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | borrower	2
Pre-Modification Outstanding Recorded Investment	$ 2,488
Post-Modification Outstanding Recorded Investment	$ 2,488

LOANS AND ALLOWANCE FOR LOAN_10

LOANS AND ALLOWANCE FOR LOAN LOSSES - Credit Quality Indicator (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	$ 1,570,859	$ 1,522,382
Loans, net and loans held for sale	1,546,597	1,497,224
Not Rated
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	463,218	457,240
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	1,052,765	1,006,069
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	31,428	33,964
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	21,280	22,901
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	2,168	2,208
Commercial and Agricultural
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	255,018	258,013
Commercial and Agricultural | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	254,782	257,618
Commercial and Agricultural | Commercial and industrial | Not Rated
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	0	0
Commercial and Agricultural | Commercial and industrial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	248,148	250,529
Commercial and Agricultural | Commercial and industrial | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	2,649	2,892
Commercial and Agricultural | Commercial and industrial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	2,933	3,108
Commercial and Agricultural | Commercial and industrial | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	1,052	1,089
Commercial and Agricultural | Agricultural
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	236	395
Commercial and Agricultural | Agricultural | Not Rated
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	0	0
Commercial and Agricultural | Agricultural | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	236	395
Commercial and Agricultural | Agricultural | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	0	0
Commercial and Agricultural | Agricultural | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	0	0
Commercial and Agricultural | Agricultural | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	0	0
Commercial Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	850,474	804,825
Commercial Mortgages | Construction
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	80,705	82,435
Commercial Mortgages | Construction | Not Rated
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	0	0
Commercial Mortgages | Construction | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	80,681	82,404
Commercial Mortgages | Construction | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	0	0
Commercial Mortgages | Construction | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	24	31
Commercial Mortgages | Construction | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	0	0
Commercial Mortgages | Commercial mortgages, other
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	769,769	722,390
Commercial Mortgages | Commercial mortgages, other | Not Rated
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	0	0
Commercial Mortgages | Commercial mortgages, other | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	723,700	672,741
Commercial Mortgages | Commercial mortgages, other | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	28,779	31,072
Commercial Mortgages | Commercial mortgages, other | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	16,174	17,458
Commercial Mortgages | Commercial mortgages, other | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	1,116	1,119
Residential Mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	265,486	259,967
Loans, net and loans held for sale	265,486	259,967
Residential Mortgages | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net and loans held for sale	264,706	258,928
Residential Mortgages | Non-Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net and loans held for sale	780	1,039
Residential Mortgages | Not Rated
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	264,706	258,928
Residential Mortgages | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	0	0
Residential Mortgages | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	0	0
Residential Mortgages | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	780	1,039
Residential Mortgages | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	0	0
Consumer Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	199,881	199,577
Consumer Loans | Home equity lines and loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	70,436	70,854
Loans, net and loans held for sale	70,436	70,854
Consumer Loans | Home equity lines and loans | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net and loans held for sale	69,605	70,064
Consumer Loans | Home equity lines and loans | Non-Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net and loans held for sale	831	790
Consumer Loans | Home equity lines and loans | Not Rated
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	69,605	70,064
Consumer Loans | Home equity lines and loans | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	0	0
Consumer Loans | Home equity lines and loans | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	0	0
Consumer Loans | Home equity lines and loans | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	831	790
Consumer Loans | Home equity lines and loans | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	0	0
Consumer Loans | Indirect consumer loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	119,930	118,855
Loans, net and loans held for sale	119,930	118,855
Consumer Loans | Indirect consumer loans | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net and loans held for sale	119,407	118,393
Consumer Loans | Indirect consumer loans | Non-Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net and loans held for sale	523	462
Consumer Loans | Indirect consumer loans | Not Rated
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	119,407	118,393
Consumer Loans | Indirect consumer loans | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	0	0
Consumer Loans | Indirect consumer loans | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	0	0
Consumer Loans | Indirect consumer loans | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	523	462
Consumer Loans | Indirect consumer loans | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	0	0
Consumer Loans | Direct consumer loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	9,515	9,868
Consumer Loans | Direct consumer loans | Not Rated
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	9,500	9,855
Consumer Loans | Direct consumer loans | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	0	0
Consumer Loans | Direct consumer loans | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	0	0
Consumer Loans | Direct consumer loans | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	15	13
Consumer Loans | Direct consumer loans | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total recorded investment in loans	0	0
Consumer Loans | Other Direct Consumer Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net and loans held for sale	9,515	9,868
Consumer Loans | Other Direct Consumer Loans | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net and loans held for sale	9,500	9,855
Consumer Loans | Other Direct Consumer Loans | Non-Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net and loans held for sale	$ 15	$ 13

FAIR VALUE - Assets and Liabili

FAIR VALUE - Assets and Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financial Assets:
Total	$ 746,343	$ 792,026
Recurring
Financial Assets:
U.S. Treasury notes and bonds	57,223	60,431
Mortgage-backed securities, residential	529,136	577,361
Obligations of states and political subdivisions	40,421	42,303
Corporate bonds and notes	25,314	22,848
SBA loan pools	94,249	89,083
Total	746,343	792,026
Equity investments, at fair value	2,390	2,404
Derivative assets	12,668	9,498
Financial Liabilities:
Derivative Liabilities	12,847	9,726
Non-recurring | Other real estate owned:
Other real estate owned:
Total other real estate owned, net	251	143
Non-recurring | Residential Mortgages | Other real estate owned:
Other real estate owned:
Total other real estate owned, net	197	143
Non-recurring | Consumer Loans | Other real estate owned: | Home equity lines and loans
Other real estate owned:
Total other real estate owned, net	54
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring
Financial Assets:
U.S. Treasury notes and bonds	57,223	60,431
Mortgage-backed securities, residential	0	0
Obligations of states and political subdivisions	0	0
Corporate bonds and notes	0	0
SBA loan pools	0	0
Total	57,223	60,431
Equity investments, at fair value	2,390	2,404
Derivative assets	0	0
Financial Liabilities:
Derivative Liabilities	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Non-recurring | Other real estate owned:
Other real estate owned:
Total other real estate owned, net	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Non-recurring | Residential Mortgages | Other real estate owned:
Other real estate owned:
Total other real estate owned, net	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Non-recurring | Consumer Loans | Other real estate owned: | Home equity lines and loans
Other real estate owned:
Total other real estate owned, net	0
Significant Other Observable Inputs (Level 2) | Recurring
Financial Assets:
U.S. Treasury notes and bonds	0	0
Mortgage-backed securities, residential	529,136	577,361
Obligations of states and political subdivisions	40,421	42,303
Corporate bonds and notes	25,314	22,848
SBA loan pools	94,249	89,083
Total	689,120	731,595
Equity investments, at fair value	0	0
Derivative assets	12,668	9,498
Financial Liabilities:
Derivative Liabilities	12,847	9,726
Significant Other Observable Inputs (Level 2) | Non-recurring | Other real estate owned:
Other real estate owned:
Total other real estate owned, net	0	0
Significant Other Observable Inputs (Level 2) | Non-recurring | Residential Mortgages | Other real estate owned:
Other real estate owned:
Total other real estate owned, net	0	0
Significant Other Observable Inputs (Level 2) | Non-recurring | Consumer Loans | Other real estate owned: | Home equity lines and loans
Other real estate owned:
Total other real estate owned, net	0
Significant Unobservable Inputs (Level 3) | Recurring
Financial Assets:
U.S. Treasury notes and bonds	0	0
Mortgage-backed securities, residential	0	0
Obligations of states and political subdivisions	0	0
Corporate bonds and notes	0	0
SBA loan pools	0	0
Total	0	0
Equity investments, at fair value	0	0
Derivative assets	0	0
Financial Liabilities:
Derivative Liabilities	0	0
Significant Unobservable Inputs (Level 3) | Non-recurring | Other real estate owned:
Other real estate owned:
Total other real estate owned, net	251	143
Significant Unobservable Inputs (Level 3) | Non-recurring | Residential Mortgages | Other real estate owned:
Other real estate owned:
Total other real estate owned, net	197	$ 143
Significant Unobservable Inputs (Level 3) | Non-recurring | Consumer Loans | Other real estate owned: | Home equity lines and loans
Other real estate owned:
Total other real estate owned, net	$ 54

FAIR VALUE - Quantitative Infor

FAIR VALUE - Quantitative Information (Details) - Significant Unobservable Inputs (Level 3) - Other real estate owned: - Non-recurring - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Information related to Level 3 non-recurring fair value measurement [Abstract]
Assets, fair value disclosure	$ 251	$ 143
Residential mortgages | Sales comparison
Information related to Level 3 non-recurring fair value measurement [Abstract]
Assets, fair value disclosure	$ 197	$ 143
Residential mortgages | Sales comparison | Minimum
Information related to Level 3 non-recurring fair value measurement [Abstract]
Fair value inputs, discount to appraised value	20.80%	20.80%
Residential mortgages | Sales comparison | Maximum
Information related to Level 3 non-recurring fair value measurement [Abstract]
Fair value inputs, discount to appraised value	20.80%	20.80%
Residential mortgages | Sales comparison | Weighted Average
Information related to Level 3 non-recurring fair value measurement [Abstract]
Fair value inputs, discount to appraised value	20.80%	20.80%
Home equity lines and loans | Sales comparison
Information related to Level 3 non-recurring fair value measurement [Abstract]
Assets, fair value disclosure	$ 54
Home equity lines and loans | Sales comparison | Minimum
Information related to Level 3 non-recurring fair value measurement [Abstract]
Fair value inputs, discount to appraised value	20.80%
Home equity lines and loans | Sales comparison | Maximum
Information related to Level 3 non-recurring fair value measurement [Abstract]
Fair value inputs, discount to appraised value	20.80%
Home equity lines and loans | Sales comparison | Weighted Average
Information related to Level 3 non-recurring fair value measurement [Abstract]
Fair value inputs, discount to appraised value	20.80%

FAIR VALUE - Carrying Amounts a

FAIR VALUE - Carrying Amounts and Estimated Fair Values of Other Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financial assets:
Cash and due from financial institutions	$ 21,757	$ 17,365
Interest-earning deposits in other financial institutions	43,726	9,616
Securities available for sale	746,343	792,026
Securities held to maturity	3,576	3,790
Loans, net and loans held for sale	1,546,597	1,497,224
Accrued interest receivable	4,334	4,133
Recurring
Financial assets:
Securities available for sale	746,343	792,026
Derivative assets	12,668	9,498
Deposits [Abstract]
Derivative Liabilities	12,847	9,726
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets:
Securities available for sale	57,223	60,431
Derivative assets	0	0
Deposits [Abstract]
Derivative Liabilities	0	0
Recurring | Significant Other Observable Inputs (Level 2)
Financial assets:
Securities available for sale	689,120	731,595
Derivative assets	12,668	9,498
Deposits [Abstract]
Derivative Liabilities	12,847	9,726
Recurring | Significant Unobservable Inputs (Level 3)
Financial assets:
Securities available for sale	0	0
Derivative assets	0	0
Deposits [Abstract]
Derivative Liabilities	0	0
Recurring | Carrying Amount
Financial assets:
Cash and due from financial institutions	21,757	17,365
Interest-earning deposits in other financial institutions	43,726	9,616
Equity investments	2,949	2,964
Securities available for sale	746,343	792,026
Securities held to maturity	3,576	3,790
FHLBNY and FRBNY stock	3,576	4,218
Loans, net and loans held for sale	1,546,942	1,497,620
Accrued interest receivable	6,267	5,985
Derivative assets	12,668	9,498
Deposits [Abstract]
Demand, savings, and insured money market accounts	1,994,263	1,959,076
Time deposits	255,329	196,357
Accrued interest payable	227	210
Derivative Liabilities	12,847	9,726
Recurring | Estimated Fair Value
Financial assets:
Cash and due from financial institutions	21,757	17,365
Interest-earning deposits in other financial institutions	43,726	9,616
Equity investments	2,949	2,964
Securities available for sale	746,343	792,026
Securities held to maturity	3,576	3,796
Loans, net and loans held for sale	1,535,617	1,480,967
Accrued interest receivable	6,267	5,985
Derivative assets	12,668	9,498
Deposits [Abstract]
Demand, savings, and insured money market accounts	1,994,263	1,959,076
Time deposits	256,327	197,658
Accrued interest payable	227	210
Derivative Liabilities	12,847	9,726
Recurring | Estimated Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets:
Cash and due from financial institutions	21,757	17,365
Interest-earning deposits in other financial institutions	43,726	9,616
Equity investments	2,949	2,964
Securities available for sale	57,223	60,431
Securities held to maturity	0	0
FHLBNY and FRBNY stock	0	0
Loans, net and loans held for sale	0	0
Accrued interest receivable	131	106
Derivative assets	0	0
Deposits [Abstract]
Demand, savings, and insured money market accounts	1,994,263	1,959,076
Time deposits	0	0
Accrued interest payable	11	10
Derivative Liabilities	0	0
Recurring | Estimated Fair Value | Significant Other Observable Inputs (Level 2)
Financial assets:
Cash and due from financial institutions	0	0
Interest-earning deposits in other financial institutions	0	0
Equity investments	0	0
Securities available for sale	689,120	731,595
Securities held to maturity	1,430	1,639
FHLBNY and FRBNY stock	0	0
Loans, net and loans held for sale	0	0
Accrued interest receivable	1,802	1,746
Derivative assets	12,668	9,498
Deposits [Abstract]
Demand, savings, and insured money market accounts	0	0
Time deposits	256,327	197,658
Accrued interest payable	216	200
Derivative Liabilities	12,847	9,726
Recurring | Estimated Fair Value | Significant Unobservable Inputs (Level 3)
Financial assets:
Cash and due from financial institutions	0	0
Interest-earning deposits in other financial institutions	0	0
Equity investments	0	0
Securities available for sale	0	0
Securities held to maturity	2,146	2,157
FHLBNY and FRBNY stock	0	0
Loans, net and loans held for sale	1,535,617	1,480,967
Accrued interest receivable	4,334	4,133
Derivative assets	0	0
Deposits [Abstract]
Demand, savings, and insured money market accounts	0	0
Time deposits	0	0
Accrued interest payable	0	0
Derivative Liabilities	$ 0	$ 0

LEASES - Narrative (Details)

LEASES - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Lessee, Lease, Description [Line Items]
Operating lease, weighted average remaining lease term (years)	9 years 2 months 15 days
Operating lease, weighted average discount rate	3.33%
Operating lease, rent expense	$ 300,000
Operating lease not yet commenced	$ 0
Finance lease, weighted average remaining lease term (years)	10 years 10 months 9 days
Finance lease, weighted average discount rate	3.38%
Finance lease not yet commenced	$ 0
1365 New Scotland Road, Slingerlands, New York | Director
Lessee, Lease, Description [Line Items]
Operating lease, rent expense	13,000	$ 13,000
Monthly rent and common area maintenance expense	4,000
2 Rush Street, Schenectady, New York | Director
Lessee, Lease, Description [Line Items]
Operating lease, rent expense	25,000	$ 26,000
Monthly rent and common area maintenance expense	$ 8,000

LEASES - Leased Branch Properti

LEASES - Leased Branch Properties (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease right-of-use asset	$ 7,234	$ 7,145
Less: accumulated amortization	(199)	(759)
Less: lease termination	0	(313)
Add: new lease agreement and modifications	0	1,161
Operating lease right-of-use assets	$ 7,035	$ 7,234

LEASES - Maturities of Operatin

LEASES - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Leases [Abstract]
2022	$ 730
2023	992
2024	924
2025	841
2026	845
2027 and thereafter	4,023
Total minimum lease payments	8,355
Less: amount representing interest	(1,169)
Present value of net minimum lease payments	$ 7,186	$ 7,378

LEASES - Premises and Equipment

LEASES - Premises and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Premises and equipment, net	Premises and equipment, net
Buildings	$ 5,572	$ 5,572
Less: accumulated depreciation	(2,291)	(2,208)
Net book value	$ 3,281	$ 3,364

LEASES - Future Minimum Lease P

LEASES - Future Minimum Lease Payment Obligations Under Finance Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Leases [Abstract]
2022	$ 293
2023	391
2024	391
2025	409
2026	425
2027 and thereafter	2,415
Total minimum lease payments	4,324
Less: amount representing interest	(797)
Present value of net minimum lease payments	$ 3,527	$ 3,594

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Changes in Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Goodwill [Roll Forward]
Beginning of year	$ 21,824	$ 21,824
Acquired goodwill	0	0
Ending balance	$ 21,824	$ 21,824

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Acquired intangible assets (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Acquired Finite-Lived Intangible Assets [Line Items]
Balance Acquired	$ 11,608	$ 11,608
Accumulated Amortization	11,604	11,593
Core deposit intangibles
Acquired Finite-Lived Intangible Assets [Line Items]
Balance Acquired	5,975	5,975
Accumulated Amortization	5,975	5,974
Other customer relationship intangibles
Acquired Finite-Lived Intangible Assets [Line Items]
Balance Acquired	5,633	5,633
Accumulated Amortization	$ 5,629	$ 5,619

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 11,000	$ 101,000
Goodwill impairment charges			$ 0

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS - Amortization Expense (Details) $ in Thousands	Mar. 31, 2022USD ($)
Finite-lived intangible assets, future amortization expense [Abstract]
2022	$ 4
Total	$ 4

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Contractual Amounts of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Commitments to make loans | Fixed Rate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Contractual amounts of financial instruments with off-balance sheet risk	$ 26,606	$ 20,772
Commitments to make loans | Variable Rate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Contractual amounts of financial instruments with off-balance sheet risk	52,207	46,558
Unused lines of credit | Fixed Rate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Contractual amounts of financial instruments with off-balance sheet risk	3,490	4,745
Unused lines of credit | Variable Rate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Contractual amounts of financial instruments with off-balance sheet risk	288,692	288,368
Standby letters of credit | Fixed Rate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Contractual amounts of financial instruments with off-balance sheet risk	0	0
Standby letters of credit | Variable Rate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Contractual amounts of financial instruments with off-balance sheet risk	$ 16,856	$ 7,974

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Apr. 30, 2020	Mar. 31, 2022	Feb. 04, 2020
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Participating credit facility receivable, ownership interest, amount			$ 4.2
Participating credit facility receivable, amount			$ 36
Pioneer Bank Litigation
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Litigation settlement, recovery received	$ 0.5
Loss contingency, damages sought		$ 3.7

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Summary of Changes in Accumulated Other Comprehensive Income or Loss by Component (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Changes in accumulated other comprehensive income or loss by component, net of tax [Roll Forward]
Beginning balance	$ 211,455	$ 199,699
Other comprehensive income before reclassification	(31,087)	(10,153)
Amounts reclassified from accumulated other comprehensive income	12	0
Total other comprehensive loss	(31,075)	(10,153)
Ending balance	185,510	194,784
Total
Changes in accumulated other comprehensive income or loss by component, net of tax [Roll Forward]
Beginning balance	(6,530)	2,401
Total other comprehensive loss	(31,075)	(10,153)
Ending balance	(37,605)	(7,752)
Unrealized Gains and Losses on Securities Available for Sale
Changes in accumulated other comprehensive income or loss by component, net of tax [Roll Forward]
Beginning balance	(2,495)	9,127
Other comprehensive income before reclassification	(31,087)	(10,153)
Amounts reclassified from accumulated other comprehensive income	0	0
Total other comprehensive loss	(31,087)	(10,153)
Ending balance	(33,582)	(1,026)
Defined Benefit and Other Benefit Plans
Changes in accumulated other comprehensive income or loss by component, net of tax [Roll Forward]
Beginning balance	(4,035)	(6,726)
Other comprehensive income before reclassification	0	0
Amounts reclassified from accumulated other comprehensive income	12	0
Total other comprehensive loss	12	0
Ending balance	$ (4,023)	$ (6,726)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Details about Accumulated Other Comprehensive Income Components (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Tax effect	$ 1,950	$ 1,783
Total reclassification for the period, net of tax	6,867	6,530
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassification for the period, net of tax	12	0
Prior service costs | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Pension and other employee benefits	0	(55)
Actuarial losses | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Pension and other employee benefits	14	55
Defined Benefit and Other Benefit Plans | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Tax effect	(2)	0
Total reclassification for the period, net of tax	$ 12	$ 0

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Net gains (losses) on sales of OREO	$ 0	$ (18)
Changes in fair value of equity investments	(113)	86
Income from bank owned life insurance	11	15
Other non-interest income	5,663	5,621
Intersegment Eliminations
Disaggregation of Revenue [Line Items]
Other non-interest income	213	252
Overdraft fees
Disaggregation of Revenue [Line Items]
Revenues from contracts with customer	673	450
Other
Disaggregation of Revenue [Line Items]
Revenues from contracts with customer	191	267
Interchange revenue from debit card transactions
Disaggregation of Revenue [Line Items]
Revenues from contracts with customer	1,130	1,123
WMG fee income
Disaggregation of Revenue [Line Items]
Revenues from contracts with customer	2,757	2,678
CFS fee and commission income
Disaggregation of Revenue [Line Items]
Revenues from contracts with customer	253	214
Net gains (losses) on sales of OREO
Disaggregation of Revenue [Line Items]
Net gains (losses) on sales of OREO	0	(18)
Net gains on sales of loans
Disaggregation of Revenue [Line Items]
Revenue not from contact with customer	74	300
Loan servicing fees
Disaggregation of Revenue [Line Items]
Revenue not from contact with customer	39	35
Income from bank-owned life insurance
Disaggregation of Revenue [Line Items]
Income from bank owned life insurance	11	15
Other
Disaggregation of Revenue [Line Items]
Revenue not from contact with customer	648	471
Core Banking | Operating Segments
Disaggregation of Revenue [Line Items]
Changes in fair value of equity investments	(114)	34
Other non-interest income	2,693	2,691
Core Banking | Overdraft fees | Operating Segments
Disaggregation of Revenue [Line Items]
Revenues from contracts with customer	673	450
Core Banking | Other | Operating Segments
Disaggregation of Revenue [Line Items]
Revenues from contracts with customer	191	267
Core Banking | Interchange revenue from debit card transactions | Operating Segments
Disaggregation of Revenue [Line Items]
Revenues from contracts with customer	1,130	1,123
Core Banking | WMG fee income | Operating Segments
Disaggregation of Revenue [Line Items]
Revenues from contracts with customer	0	0
Core Banking | CFS fee and commission income | Operating Segments
Disaggregation of Revenue [Line Items]
Revenues from contracts with customer	0	0
Core Banking | Net gains (losses) on sales of OREO | Operating Segments
Disaggregation of Revenue [Line Items]
Net gains (losses) on sales of OREO	0	(18)
Core Banking | Net gains on sales of loans | Operating Segments
Disaggregation of Revenue [Line Items]
Revenue not from contact with customer	74	300
Core Banking | Loan servicing fees | Operating Segments
Disaggregation of Revenue [Line Items]
Revenue not from contact with customer	39	35
Core Banking | Income from bank-owned life insurance | Operating Segments
Disaggregation of Revenue [Line Items]
Income from bank owned life insurance	11	15
Core Banking | Other | Operating Segments
Disaggregation of Revenue [Line Items]
Revenue not from contact with customer	689	485
WMG | Operating Segments
Disaggregation of Revenue [Line Items]
Changes in fair value of equity investments	0	0
Other non-interest income	2,757	2,678
WMG | Overdraft fees | Operating Segments
Disaggregation of Revenue [Line Items]
Revenues from contracts with customer	0	0
WMG | Other | Operating Segments
Disaggregation of Revenue [Line Items]
Revenues from contracts with customer	0	0
WMG | Interchange revenue from debit card transactions | Operating Segments
Disaggregation of Revenue [Line Items]
Revenues from contracts with customer	0	0
WMG | WMG fee income | Operating Segments
Disaggregation of Revenue [Line Items]
Revenues from contracts with customer	2,757	2,678
WMG | CFS fee and commission income | Operating Segments
Disaggregation of Revenue [Line Items]
Revenues from contracts with customer	0	0
WMG | Net gains (losses) on sales of OREO | Operating Segments
Disaggregation of Revenue [Line Items]
Net gains (losses) on sales of OREO	0	0
WMG | Net gains on sales of loans | Operating Segments
Disaggregation of Revenue [Line Items]
Revenue not from contact with customer	0	0
WMG | Loan servicing fees | Operating Segments
Disaggregation of Revenue [Line Items]
Revenue not from contact with customer	0	0
WMG | Income from bank-owned life insurance | Operating Segments
Disaggregation of Revenue [Line Items]
Income from bank owned life insurance	0	0
WMG | Other | Operating Segments
Disaggregation of Revenue [Line Items]
Revenue not from contact with customer	0	0
Holding Company, CFS, and CRM | Intersegment Eliminations
Disaggregation of Revenue [Line Items]
Changes in fair value of equity investments	1	52
Other non-interest income	213	252
Holding Company, CFS, and CRM | Overdraft fees | Intersegment Eliminations
Disaggregation of Revenue [Line Items]
Revenues from contracts with customer	0	0
Holding Company, CFS, and CRM | Other | Intersegment Eliminations
Disaggregation of Revenue [Line Items]
Revenues from contracts with customer	0	0
Holding Company, CFS, and CRM | Interchange revenue from debit card transactions | Intersegment Eliminations
Disaggregation of Revenue [Line Items]
Revenues from contracts with customer	0	0
Holding Company, CFS, and CRM | WMG fee income | Intersegment Eliminations
Disaggregation of Revenue [Line Items]
Revenues from contracts with customer	0	0
Holding Company, CFS, and CRM | CFS fee and commission income | Intersegment Eliminations
Disaggregation of Revenue [Line Items]
Revenues from contracts with customer	253	214
Holding Company, CFS, and CRM | Net gains (losses) on sales of OREO | Intersegment Eliminations
Disaggregation of Revenue [Line Items]
Net gains (losses) on sales of OREO	0	0
Holding Company, CFS, and CRM | Net gains on sales of loans | Intersegment Eliminations
Disaggregation of Revenue [Line Items]
Revenue not from contact with customer	0	0
Holding Company, CFS, and CRM | Loan servicing fees | Intersegment Eliminations
Disaggregation of Revenue [Line Items]
Revenue not from contact with customer	0	0
Holding Company, CFS, and CRM | Income from bank-owned life insurance | Intersegment Eliminations
Disaggregation of Revenue [Line Items]
Income from bank owned life insurance	0	0
Holding Company, CFS, and CRM | Other | Intersegment Eliminations
Disaggregation of Revenue [Line Items]
Revenue not from contact with customer	$ (41)	$ (14)

COMPONENTS OF QUARTERLY AND Y_3

COMPONENTS OF QUARTERLY AND YEAR TO DATE NET PERIODIC BENEFIT COSTS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Qualified Pension Plan
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost, benefits earned during the period	$ 0	$ 0
Interest cost on projected benefit obligation	282	272
Expected return on plan assets	(713)	(673)
Amortization of unrecognized transition obligation	0	0
Amortization of unrecognized prior service cost	0	0
Amortization of unrecognized net loss	0	37
Net periodic pension benefit	(431)	(364)
Supplemental Pension Plan
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost, benefits earned during the period	0	0
Interest cost on projected benefit obligation	8	8
Expected return on plan assets	0	0
Amortization of unrecognized prior service cost	0	0
Amortization of unrecognized net loss	5	5
Net periodic pension benefit	13	13
Postretirement Plan, Medical and Life
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost, benefits earned during the period	0	0
Interest cost on projected benefit obligation	1	2
Expected return on plan assets	0	0
Amortization of unrecognized prior service cost	0	(55)
Amortization of unrecognized net loss	9	13
Net periodic pension benefit	$ 10	$ (40)

SEGMENT REPORTING - Narrative (

SEGMENT REPORTING - Narrative (Details)	3 Months Ended
	Mar. 31, 2022segment
Segment Reporting [Abstract]
Number of primary business segments	2

SEGMENT REPORTING - Reconciliat

SEGMENT REPORTING - Reconciliation of Segment Net Income Loss and Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Reportable segments and reconciliation to consolidated results [Abstract]
Interest and dividend income	$ 17,458	$ 16,740
Interest expense	781	954
Net interest income	16,677	15,786
Provision for loan losses	(1,145)	(259)
Net interest income after provision for loan losses	17,822	16,045
Other non-interest income	5,663	5,621
Other non-interest expenses	14,668	13,353
Income (loss) before income tax expense (benefit)	8,817	8,313
Income tax expense (benefit)	1,950	1,783
Segment net income (loss)	6,867	6,530
Operating Segments | Core Banking
Reportable segments and reconciliation to consolidated results [Abstract]
Interest and dividend income	17,451	16,735
Interest expense	781	954
Net interest income	16,670	15,781
Provision for loan losses	(1,145)	(259)
Net interest income after provision for loan losses	17,815	16,040
Other non-interest income	2,693	2,691
Other non-interest expenses	12,531	11,433
Income (loss) before income tax expense (benefit)	7,977	7,298
Income tax expense (benefit)	1,766	1,529
Segment net income (loss)	6,211	5,769
Operating Segments | WMG
Reportable segments and reconciliation to consolidated results [Abstract]
Interest and dividend income	0	0
Interest expense	0	0
Net interest income	0	0
Provision for loan losses	0	0
Net interest income after provision for loan losses	0	0
Other non-interest income	2,757	2,678
Other non-interest expenses	1,815	1,651
Income (loss) before income tax expense (benefit)	942	1,027
Income tax expense (benefit)	209	263
Segment net income (loss)	733	764
Intersegment Eliminations
Reportable segments and reconciliation to consolidated results [Abstract]
Interest and dividend income	7	5
Interest expense	0	0
Net interest income	7	5
Provision for loan losses	0	0
Net interest income after provision for loan losses	7	5
Other non-interest income	213	252
Other non-interest expenses	322	269
Income (loss) before income tax expense (benefit)	(102)	(12)
Income tax expense (benefit)	(25)	(9)
Segment net income (loss)	$ (77)	$ (3)

STOCK COMPENSATION - Narrative

STOCK COMPENSATION - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended		3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Number of treasury shares reissued to fund stock compensation (in shares)	12,560	13,151
Vesting period			1 year
Expenses related to stock based compensation recognized			$ 300	$ 300
Restricted Stock
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Total unrecognized compensation cost related to nonvested shares granted under the Plan			$ 1,800
Weighted-average period for recognition (in years)			3 years 10 months 9 days
Total fair value of shares vested			$ 99	$ 156
2021 Plan
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Number of shares authorized (in shares)			170,000
Trading days period			30 days

STOCK COMPENSATION - Restricted

STOCK COMPENSATION - Restricted Stock Activity For Officers And Employees (Details) - Restricted Stock	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Shares
Nonvested, beginning balance (in shares) | shares	37,837
Granted (in shares) | shares	12,560
Vested (in shares) | shares	(2,109)
Forfeited or cancelled (in shares) | shares	0
Nonvested, ending balance (in shares) | shares	48,288
Weighted–Average Grant Date Fair Value
Nonvested, beginning balance (in dollars per share) | $ / shares	$ 42.99
Granted (in dollars per share) | $ / shares	45.55
Vested (in dollars per share) | $ / shares	42.51
Forfeitures or cancelled (in dollars per share) | $ / shares
Nonvested, ending balance (in dollars per share) | $ / shares	$ 43.68