CHEMUNG FINANCIAL CORP, 10-K filed on 3/13/2026
Annual Report
v3.25.4
COVER - USD ($)
12 Months Ended
Dec. 31, 2025
Mar. 01, 2026
Jun. 30, 2025
Cover [Abstract]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Dec. 31, 2025    
Current Fiscal Year End Date --12-31    
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 $0.01 Per Share    
Trading Symbol CHMG    
Security Exchange Name NASDAQ    
Entity Well-known Seasoned Issuer No    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Accelerated Filer    
Entity Small Business true    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction false    
Entity Shell Company false    
Entity Public Float     $ 200,624,366
Entity Common Stock, Shares Outstanding   4,818,467  
Documents Incorporated by Reference
Portions of the Proxy Statement for the Annual Meeting of Shareholders to be held on June 2, 2026 are incorporated by reference into Part III, Items 10, 11, 12, 13, and 14 of this Form 10-K.
   
Entity Central Index Key 0000763563    
Document Fiscal Year Focus 2025    
Document Fiscal Period Focus FY    
Amendment Flag false    
v3.25.4
AUDIT INFORMATION
12 Months Ended
Dec. 31, 2025
Audit Information [Abstract]  
Auditor Firm ID 173
Auditor Name Crowe LLP
Auditor Location Livingston, New Jersey
v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and due from financial institutions $ 22,772 $ 26,224
Interest-earning deposits in other financial institutions 27,325 20,811
Total cash and cash equivalents 50,097 47,035
Equity investments, at fair value 3,765 3,235
Securities available for sale, at estimated fair value (amortized cost of $327,888, net of allowance for credit losses of $0 as of December 31, 2025; and amortized cost of $617,271, net of allowance for credit losses of $0 as of December 31, 2024) 280,598 531,442
Securities held to maturity, (estimated fair value of $640 as of December 31, 2025 and $808 as of December 31, 2024 net of allowance for credit losses of $0 as of December 31, 2025 and December 31, 2024) 640 808
FHLBNY and FRBNY Stock, at cost 9,466 9,117
Loans, net of deferred loan fees 2,269,561 2,071,419
Allowance for credit losses (24,209) (21,388)
Loans, net 2,245,352 2,050,031
Loans held for sale 2,102 0
Premises and equipment, net 15,401 16,375
Operating lease right-of-use assets 4,755 5,446
Goodwill 21,824 21,824
Bank owned life insurance 2,984 2,952
Interest rate swap assets 17,280 23,829
Accrued interest receivable and other assets 55,971 64,053
Total assets 2,710,235 2,776,147
Deposits:    
Non interest-bearing 624,532 625,762
Interest-bearing 1,646,142 1,771,121
Total deposits 2,270,674 2,396,883
FHLBNY overnight advances 87,110 109,110
Subordinated debt, net of issuance costs of $972 and $0, respectively 44,028 0
Long-term finance lease obligation 3,444 3,779
Operating lease liabilities 4,937 5,629
Interest rate swap liabilities 17,412 23,851
Accrued interest payable and other liabilities 27,921 21,586
Total liabilities 2,455,526 2,560,838
Shareholders' equity:    
Common stock, $0.01 par value per share, 10,000,000 shares authorized; 5,310,076 issued as of December 31, 2025 and December 31, 2024 53 53
Additional-paid-in capital 49,547 48,783
Retained earnings 256,484 247,705
Treasury stock, at cost (519,079 shares as of December 31, 2025; 555,881 shares as of December 31, 2024) (15,322) (16,167)
Accumulated other comprehensive (loss) (36,053) (65,065)
Total shareholders' equity 254,709 215,309
Total liabilities and shareholders' equity $ 2,710,235 $ 2,776,147
v3.25.4
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
Debt securities available for sale, amortized cost $ 327,888 $ 617,271
Debt securities available for sale, allowance for credit loss 0 0
Debt securities, held-to-maturity, fair value 640 808
Debt securities, held-to-maturity, allowance for credit loss 0 0
Subordinated debt, net of issuance costs $ 972 $ 0
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) 519,079 555,881
v3.25.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Interest and Dividend Income:    
Loans, including fees $ 120,376 $ 112,128
Taxable securities 8,876 13,029
Tax exempt securities 620 1,009
Interest-earning deposits 2,963 1,398
Total interest and dividend income 132,835 127,564
Interest Expense:    
Deposits 41,793 50,052
Borrowed funds 3,885 3,453
Total interest expense 45,678 53,505
Net interest income 87,157 74,059
Provision (credit) for credit losses 4,437 (46)
Net interest income after provision for credit losses 82,720 74,105
Non-Interest Income:    
Net (losses) on securities transactions (17,498) 0
Change in fair value of equity investments 211 179
Net gain on sales of loans held for sale 261 214
Net gains (losses) on sales of other real estate owned 2 (18)
Income from bank owned life insurance 32 38
Other 4,263 2,776
Total non-interest income 7,945 23,230
Non-Interest Expense:    
Salaries and wages 30,569 28,457
Pension and other employee benefits 8,887 8,083
Other components of net periodic pension cost (benefit) (452) (909)
Net occupancy expense 5,812 5,832
Furniture and equipment expense 1,702 1,659
Data processing expense 10,048 10,093
Professional services 2,706 2,353
Marketing and advertising expense 1,248 1,182
Other real estate owned expense 23 157
FDIC insurance 1,518 2,120
Loan expense 1,152 1,182
Other 7,516 7,041
Total non-interest expense 70,729 67,250
Income before income tax expense 19,936 30,085
Income tax expense 4,832 6,414
Net income $ 15,104 $ 23,671
Weighted average shares outstanding (in thousands)    
Weighted average shares outstanding, basic (in shares) 4,804 4,770
Weighted average shares outstanding, diluted (in shares) 4,804 4,770
Basic and diluted earnings per share    
Basic earnings per share (in dollars per share) $ 3.14 $ 4.96
Diluted earnings per share (in dollars per share) $ 3.14 $ 4.96
Wealth management group fee income    
Non-Interest Income:    
Revenues from contracts with customer $ 11,945 $ 11,573
Service charges on deposit accounts    
Non-Interest Income:    
Revenues from contracts with customer 4,427 4,042
Interchange revenue from debit card transactions    
Non-Interest Income:    
Revenues from contracts with customer $ 4,302 $ 4,426
v3.25.4
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Statement of Comprehensive Income [Abstract]    
Net income $ 15,104 $ 23,671
Other comprehensive income (loss):    
Unrealized holding gains (losses) on securities available for sale 21,041 (730)
Reclassification adjustment for losses realized in net income 17,498 0
Net unrealized gain (loss) 38,539 (730)
Tax effect (10,003) 191
Net of tax amount 28,536 (539)
Change in funded status of defined benefit pension plan and other benefit plans:    
Net gain arising during the period 525 1,985
Reclassification adjustment for amortization of net actuarial losses 30 30
Total recognized in other comprehensive income (loss)(before tax effect) 555 2,015
Tax effect (79) (528)
Net of tax amount 476 1,487
Total other comprehensive income 29,012 948
Comprehensive income $ 44,116 $ 24,619
v3.25.4
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, 2023 $ 195,241 $ 53 $ 47,773 $ 229,930 $ (16,502) $ (66,013)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 23,671     23,671    
Other comprehensive income 948         948
Restricted stock awards 1,238   1,238      
Distribution of shares of treasury stock granted for employee restricted stock awards, net 0   (198)   198  
Restricted stock units for directors' deferred compensation plan 21   21      
Cash dividends declared (5,896)     (5,896)    
Distribution of shares of treasury stock for directors' compensation 0   (217)   217  
Sale of shares of treasury stock [1] 430   161   269  
Repurchase of common stock [2] (344)       (344)  
Forfeiture of restricted stock awards 0   5   (5)  
Ending balance at Dec. 31, 2024 215,309 53 48,783 247,705 (16,167) (65,065)
Increase (Decrease) in Shareholders' Equity [Roll Forward]            
Net income 15,104     15,104    
Other comprehensive income 29,012         29,012
Restricted stock awards 1,462   1,462      
Distribution of shares of treasury stock granted for employee restricted stock awards, net 0   (811)   811  
Restricted stock units for directors' deferred compensation plan 23   23      
Cash dividends declared (6,325)     (6,325)    
Distribution of shares of treasury stock for directors' compensation 0   (222)   222  
Sale of shares of treasury stock [1] 536   222   314  
Repurchase of common stock [2] (396)       (396)  
Forfeiture of restricted stock awards (16)   90   (106)  
Ending balance at Dec. 31, 2025 $ 254,709 $ 53 $ 49,547 $ 256,484 $ (15,322) $ (36,053)
[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.
[2] Repurchased shares of common stock represent shares repurchased to cover employee taxes on vesting shares.
v3.25.4
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Increase (Decrease) in Shareholders' Equity [Roll Forward]    
Distribution of shares of treasury stock granted for employee restricted stock awards (in shares) 27,830 6,881
Cash dividends declared (in dollars per share) $ 1.32 $ 1.24
Distribution of shares of treasury stock for directors' compensation (in shares) 7,625 7,515
Sale of shares of treasury stock (in shares) 10,785 9,322
Purchase of shares of treasury stock (in shares) 7,308 6,821
Restricted stock awards, forfeited (in shares) 2,130 115
v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 15,104 $ 23,671
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of right-of-use assets 771 202
Deferred income tax (benefit) expense (2,673) 1,121
Provision (credit) for credit losses 4,437 (46)
Gains on disposal of fixed assets (640) (39)
Depreciation and amortization of fixed assets 1,895 1,814
Amortization of premiums on securities, net 1,438 2,259
Gains on sales of loans held for sale, net (261) (214)
Proceeds from sales of loans held for sale 14,091 11,867
Loans originated and held for sale (13,867) (11,653)
(Gains) losses on sale of other real estate owned, net (2) 18
Write-downs on other real estate owned 0 45
Change in fair value of equity investments, net (211) (179)
Losses on securities transactions, net 17,498 0
Purchases of equity investments, net (319) (10)
Amortization of deferred costs on subordinated debt 56 0
Losses (gains) on interest rate swaps, net 110 (17)
Income from bank owned life insurance (32) (38)
Decrease (increase) in accrued interest receivable 361 (486)
Decrease (increase) in other assets 4,533 (2,167)
Increase (decrease) in accrued interest payable (1,630) 487
Increase (decrease) in other liabilities 4,143 2,119
Payments on operating leases (772) (198)
Expense related to restricted stock units for directors' deferred compensation plan 23 21
Expense related to employee restricted stock awards 1,446 1,238
Net cash provided by operating activities 45,499 29,815
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales, maturities, calls, and principal paydowns on securities available for sale 274,438 54,519
Proceeds from sales, maturities and principal collected on securities held to maturity 328 177
Purchases of securities available for sale (3,990) (4,957)
Purchases of securities held to maturity (160) (200)
Purchase of FHLBNY and FRBNY stock (16,389) (31,656)
Redemption of FHLBNY and FRBNY stock 16,040 28,037
Proceeds from sales of fixed assets 1,405 44
Purchases of premises and equipment (1,687) (3,626)
Proceeds from sale of other real estate owned 413 403
Net (increase) in loans (202,078) (100,464)
Net cash (used in) provided by investing activities 68,320 (57,723)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in demand, interest-bearing demand, savings, and insured money market deposits 34,087 (44,191)
Net increase (decrease) in time deposits (160,296) 11,647
Net increase (decrease) in FHLBNY overnight advances (22,000) 77,190
Increases in (payments on) finance leases (335) 729
Proceeds from subordinated debt issuance 45,000 0
Payment of subordinated debt issuance costs (1,028) 0
Purchase of treasury stock (396) (344)
Sale of treasury stock 536 430
Cash dividends paid (6,325) (7,365)
Net cash (used in) provided by financing activities (110,757) 38,096
Net increase (decrease) in cash and cash equivalents 3,062 10,188
Cash and cash equivalents, beginning of period 47,035 36,847
Cash and cash equivalents, end of period 50,097 47,035
Cash paid during the year for:    
Interest 47,308 53,018
Income Taxes 6,348 6,084
Supplemental disclosure of non-cash activity:    
Transfer of portfolio loans to loans held for sale 2,064 0
Transfer of loans to other real estate owned 0 552
Transfer of fixed assets held for sale 0 671
Right-of-use assets obtained through finance lease liabilities 0 935
Right-of-use assets obtained through operating leases liabilities $ 80 $ 570
v3.25.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
12 Months Ended
Dec. 31, 2025
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 Group, Inc., provides a wide range of banking, financing, fiduciary and other financial services to its clients. The Corporation is subject to the regulations of certain federal and state agencies and undergoes periodic examinations by those regulatory agencies.
BASIS OF PRESENTATION

The accompanying consolidated financial statements have been prepared in conformity with GAAP and include the accounts of the Corporation and its subsidiaries. All significant intercompany balances and transactions are eliminated in consolidation.
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.

CASH AND CASH EQUIVALENTS

Cash and cash equivalents include cash and amounts due from banks and demand interest-bearing deposits with other financial institutions. On the Consolidated Statements of Cash Flow, net cash flows are reported for customer loan and deposit transactions and short-term borrowings with original maturities of 90 days or less.

EQUITY INVESTMENTS

Securities that are held to fund a non-qualified deferred compensation plan and securities that have a readily determinable fair market value, are recorded at fair value with changes in fair value and interest and dividend income included in earnings.

SECURITIES

Management determines the appropriate classification of securities at the time of purchase. If the Corporation has the intent and the ability at the time of purchase to hold securities until maturity, they are classified as held to maturity and carried at amortized cost. Securities to be held for indefinite periods of time or not intended to be held to maturity are classified as available for sale and carried at fair value. Premiums and discounts are amortized or accreted over the life of the related security as an adjustment to yield using the interest method. Dividend and interest income on securities is recognized on an accrual basis. Unrealized holding gains and losses on securities classified as available for sale are excluded from earnings and reported as accumulated other comprehensive income (loss) in shareholders' equity, net of the related tax effects, until realized. Realized gains and losses are determined using the specific identification method.
Management assesses available for sale securities in an unrealized loss position on at least a quarterly basis, and more frequently if economic or market conditions warrant such an evaluation, to determine whether it intends to sell, or it is more likely than not that it will be required to sell a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security's amortized basis is written down to fair value through current period earnings.
Available for sale securities in a loss position that do not meet either of the aforementioned criteria, are reviewed by management to determine whether the unrealized loss is due to credit-related factors or other non-credit related factors. In making this determination, management evaluates a range of variables including the extent to which fair value is less than amortized cost, existing conditions that may adversely impact the issuer, and changes to the credit rating of either the issuer or the specific security, among other considerations. An allowance for credit losses is established for securities when upon evaluation, management has determined that a portion of unrealized losses are due at least in part to credit-related factors. The allowance for credit losses is determined as the difference between the present value of expected cash flows using the security's effective interest rate and the amortized basis of the security, limited to the extent by which amortized basis exceeds fair value. Expected credit losses on held to maturity securities are measured on a collective basis when similar risk characteristics exist, and on an individual basis for securities that do not share risk characteristics with those analyzed on a collective basis. Accrued interest receivable on securities is excluded from any measurement of an allowance for credit losses. As of December 31, 2025 and 2024, accrued interest receivable on securities was $0.7 million and $1.9 million, respectively.
A majority of the Corporation's available for sale securities portfolio is held in obligations issued by U.S. Government entities or agencies and enterprises affiliated with the U.S. Government. Due to the explicit or implicit guarantee of the full faith and credit of the U.S. Government, the Corporation considers these securities to carry a zero credit loss assumption. Securities included under this implication include U.S. Treasury securities, mortgage backed securities issued by government-sponsored enterprises, and SBA pooled loan securities. Management monitors conditions that may impact these zero credit loss assumptions on a regular basis.

FEDERAL HOME LOAN BANK AND FEDERAL RESERVE BANK STOCK
The Bank is a member of both the FHLBNY and the FRBNY. FHLBNY members are required to own stock proportional to their level of borrowings and participation in the Mortgage Asset Program (MAP), among other factors, while FRBNY members are required to own stock proportionally based on a percentage of the Bank’s capital stock and surplus. FHLBNY and FRBNY stock are carried at cost and classified as non-marketable equities and periodically evaluated for impairment based on ultimate recovery of par value. Cash and stock dividends are reported as income.

LOANS
Loans are stated at their amortized basis, which is the amount of unpaid principal balance net of unamortized deferred loan cost and fees. An accounting policy election was made to exclude accrued interest receivable from the amortized cost basis of loans. Accrued interest receivable is included in accrued interest and other assets on the Corporation's Consolidated Balance Sheets. The Corporation has the ability and intent to hold its loans for the foreseeable future. The Corporation’s loan portfolio is comprised of the following segments: (i) commercial and industrial, (ii) commercial mortgages, (iii) residential mortgages, and (iv) consumer loans.
Commercial and industrial loans primarily consist of loans to small and mid-sized businesses in the Corporation’s market area in a diverse range of industries. These loans are typically made on the basis of the borrower’s ability to make repayment from the cash flow of the borrower’s business. Commercial mortgage loans are generally non-owner occupied commercial properties or owner occupied commercial real estate. Repayment of these loans is often dependent upon the successful operation and management of the properties and the businesses occupying the properties, as well as on the collateral securing the loan. Residential mortgage loans are generally made on the basis of the borrower’s ability to make repayment from their employment and other income, but are secured by real property. Consumer loans include home equity lines of credit and home equity loans, which exhibit many of the same characteristics as residential mortgages. Indirect and other consumer loans are typically secured by depreciable assets, such as automobiles, and are dependent on the borrower’s continuing financial stability.
Interest on loans is accrued and credited to operations using the interest method. Past due status is based on the contractual terms of the loan. The accrual of interest is generally discontinued and previously accrued interest is reversed when loans become 90 days delinquent. Loans may also be placed on non-accrual status if management believes such classification is otherwise warranted. Payments received on nonaccrual loans are generally applied to principal using the cost recovery method, but in limited instances may be recognized as interest income on a cash basis. Loans are generally returned to accrual status when they become current as to principal and interest and remain current for a period of six consecutive months or when, in the opinion of management, the Corporation expects to receive all of its original principal and interest. Loan origination fees and certain direct loan origination costs are deferred and amortized over the life of the loan as an adjustment to yield, using the interest method.
LOAN MODIFICATIONS TO BORROWERS EXPERIENCING FINANCIAL DIFFICULTY
The Corporation evaluates loan modifications to borrowers experiencing financial difficulty on the basis and extent of their direct impact on contractual cash flows. Modifications under this guidance include principal forgiveness, interest rate reductions, more than insignificant payment delays, term extensions, or a combination thereof. Payment delays are generally considered insignificant when the duration of the delay is less than or equal to three months.

Once a loan modification is determined to meet the aforementioned criteria, a determination is made by management as to whether the modification represents the continuation of an existing loan, or a new loan, in accordance with ASC-310-20-35-9 through 11. The Corporation considers a loan modification to represent the establishment of a new loan if the resulting terms are at least as favorable to the Corporation as the terms made to other borrowers with similar risk profiles. When a modification is determined to represent a new loan, all unamortized deferred costs and fees are immediately recognized through interest income when the modification is granted. Modifications that do not meet this criteria are considered a continuation of the existing loan, and all unamortized deferred costs and fees are carried forward as part of the modified loan's amortized basis.


ALLOWANCE FOR CREDIT LOSSES ON LOANS
The allowance for credit losses is an amount management believes will be adequate to absorb estimated lifetime credit losses inherent in its various portfolios of loans. The allowance is estimated using the Corporation's CECL methodology, which utilizes historical information, current conditions, and reasonable and supportable economic forecasts to estimate expected lifetime credit losses as of the measurement date.
Under the Corporation's CECL methodology, loans are analyzed on either a pooled (collective) basis or an individual basis, based on an assessment of risk factors. Loans exhibiting similar risk characteristics are pooled based on assigned FFIEC Call Report codes. When a determination is made that a loan no longer exhibits risk characteristics consistent with its assigned pool, it is designated for individual analysis. Pooled loans utilize both quantitative and qualitative components to determine an appropriate estimate of the allowance for credit losses. The quantitative component is based on an estimated discounted cash flow (DCF) analysis, performed at the loan level. Underlying assumptions on which the DCF calculation is based incorporate the relationship between projected values of an economic variable, and the implied historical loss experience amongst a group of peers curated by management. The Corporation utilizes a regression analysis to identify suitable economic variables, known as loss drivers, for each pool of loans. Based on the results of this analysis, a probability of default (PD) and a loss given default (LGD) is assigned to each potential value of an economic variable for each pool of loans, which is applied to derive the statistical loss implications thereof. The DCF incorporates a presumed loss for each period of the calculation, as well as assumed recoveries of past losses, to determine a present value for each loan. A loan's modeled allowance for credit losses equals the book balance as of the measurement date, less the estimated present value of cash flows. Forecasted economic variables are applied over a four quarter period, and revert to the historical mean of the economic variable over an eight quarter period, on a straight line basis.
Based on assigned FFIEC Call Report codes, the risk characteristics of lending activities, and collateral composition among loans within Call Report codes, the Corporation has disaggregated its loan portfolio into the following nine pools:
Construction - Commercial and retail loans secured by real estate made for the purposes of on-site construction or land development, and are actively in the construction phase. This portfolio largely consists of commercial construction loans, as well as a limited number of residential single family construction-to-permanent loans. Construction loans are typically evaluated using an "as-stabilized" or "as completed" appraisal valuation, and the Corporation seeks sponsors who can provide sufficient equity at project inception or who have a proven track record of successfully completing similar projects. Specific risks associated with construction lending include fluctuations in market conditions prior to completion of the construction phase, work quality, cost overruns, and the realization of borrower assurances related to pre-sales, tenant contracts, and financial covenants, among others.
Home Equity Lines of Credit and Junior Liens - Retail loans secured by secondary or otherwise subordinate lien positions on 1-4 family residential real estate. Repayment sources generally depend on borrowers' primary source of income and terms are assessed based on borrowers' equity position in the collateralized property. Specific risks associated with secondary liens include a greater default risk than on associated primary liens as borrowers are likely to prioritize payments on outstanding debt secured by a primary lien position. Secondary lien positions are additionally exposed to greater market risk in the event of foreclosure, and therefore are more sensitive to changes in underlying collateral valuations than primary lien positions.
1-4 Family Residential First Liens - Retail and commercial loans secured by primary lien positions on 1-4 family residential real estate. For retail loans, repayment is primarily dependent on borrowers' primary source of income, with the collateralized property providing a strong secondary source or repayment. In contrast, repayment of commercial loans secured by primary liens on residential property may be more diverse and include rental income generated by the property. Specific risks include localized economic conditions, which may impact both a collateralized property's value and employment prospects for borrowers reliant on their primary source of income for repayment, as well as regulatory risks specific to housing which may inhibit a bank's ability to pursue alternative means of repayment.
Multifamily - Commercial real estate secured by residential properties comprised of greater than four livable units. Multifamily properties are commonly managed by the borrower or its affiliates and rented to tenants for residential purposes. Repayment sources generally consist of rental income generated by the property. Specific risks include a borrower's ability to attract and retain a base of tenants at rental rates in excess of those required to finance, manage, and maintain the property, as well as risks relating to demographic shifts in the population of prospective tenants.
Owner Occupied Commercial Real Estate - Commercial real estate loans secured by property occupied and or operated by the primary borrower or a related entity. Repayment is generally dependent on cash flow from the operation of the borrower's businesses, which may or may not be primarily conducted through the use of the financed property. Specific risks include borrower industry and the competence of borrowers in executing business objectives. Additionally, certain properties may be built to suit for the borrower's industry, and therefore may have limited marketability outside of a specific industry.
Non-Owner Occupied Commercial Real Estate - Commercial real estate loans secured by properties managed and maintained by the borrowers, but are reliant on rental income from unrelated lessees to provide cash flow for repayment. The successful operations of tenant organizations may significantly impact borrowers' ability to service these obligations. Specific risks include the limited influence a borrower can have on tenant success, as well as potential difficulty in finding suitable or willing replacement tenants should vacancies arise. The Corporation seeks to lend to sponsors who have demonstrated a capability of aligning with strong and predictable tenants, considering both the current environment tenants operate in as well as future prospects for their industries, including their need for comparable space in the future.
Commercial and industrial - Commercial purpose loans primarily secured by the assets of borrowers' businesses. These loans are extended to a diverse range of industries and may also include loans for commercial real estate purposes, but which are secured by assets other than real estate. The successful operation of borrower businesses provides the primary source of repayment for these loans. Management identifies a primary commonality amongst these loans to be inherent collateral risk exposure. Business assets may have significant variation in collateral value, and the realized liquidation value to the Corporation may be equally variable. Normal usage and industry specificity can have a considerable impact on collateral value.
Consumer - Retail loans primarily secured by vehicles or other personal collateral. Indirect auto lending comprises a majority of lending activity in this pool. Repayment is largely dependent on borrowers' primary income source, through employment or otherwise. Broad economic condition and borrowers' specific personal skill sets can significantly influence the ability to maintain an adequate employment status to service consumer debt. Relationships with auto dealership networks also impacts the quality of borrowers seeking financing for vehicles, subject to the Corporation's system of underwriting and loan review. Auto collateral values typically depreciate relatively quickly, compared to other asset classes, and expose the Corporation to additional collateral risk.
Other - Loans to borrowers whose organizations' are generally engaged in activities other than traditional business operations, such as non profit entities including medical groups, clubs and associations, religious organizations, and museums. These loans are generally classified based on their organizational structure and a common specific risk includes reliance on outside funding sources to conduct operations.
The quantitative component of the pooled allowance is supplemented by qualitative adjustments. Qualitative adjustments represent the extent to which management determines its expectation of risk differs from the results of the quantitative analysis, in large part encompassing risk factors that may not be fully captured by the quantitative model. Management uses the following nine qualitative factors when considering appropriate adjustments: (1) lending policies and procedures, including underwriting standards and collection, charge-off, and recovery policies, (2) national and local economic conditions and developments, including the condition of various market segments, (3) loan terms and changes in loan terms and conditions, (4) the experience, ability, and depth of lending management and staff, (5) the volume and severity of past due, classified, criticized, and watch-list loans, nonaccrual loans, and loan modifications to borrowers experiencing financial difficulty (6) the quality of the Bank’s loan review system and the degree of oversight by the Bank’s Board of Directors, (7) collateral related considerations including: securitization level, type, and valuations, (8) the existence and effect of any concentrations of credit, and changes in the level of such concentrations, (9) the effect of external factors, such as competition, legal, and regulatory factors. The impact of any qualitative adjustments on management's estimates are dependent upon the relationship between the results of quantitative analysis conducted under severe and protracted recessionary conditions and the current period's quantitative analysis. The additional loss rate available for qualitative adjustments is limited to the difference between the loss rate calculated under the severe recessionary scenario and the loss rate used in the current period's quantitative analysis. This methodology provides a structured framework for management to apply qualitative adjustments consistently over time.
Loans determined to require individual analysis are primarily valued and measured for credit loss based on collateral, using the collateral-dependent practical expedient as prescribed in ASC 326 - Financial Instruments - Credit Losses. Measurement is performed based on the most recently available appraisal and it is the Corporation's policy to obtain updated appraisals by independent third parties on loans secured by real estate at the time a loan is determined to require individual analysis. A specific allocation to the allowance for credit losses is made on collateral-dependent loans to the extent the value of collateral, net of adjustments for estimated selling costs and management discounts, is less than book value as of the measurement date. Loans not considered to be collaterally dependent are analyzed using a cash flow analysis. A cash flow analysis is performed using a loan's effective interest rate and is discounted to determine appropriate fair value. To the extent a loan's book balance exceeds the present value of cash flows, a specific allocation to the allowance for credit losses is made.
The Corporation records an allowance for credit losses on unfunded commitments utilizing a methodology consistent with its methodology for estimating lifetime credit losses on its portfolio of outstanding loans. The Corporation disaggregates unfunded commitments into pools congruent with its methodology for pooling outstanding loans. A funding rate is determined to represent a credit conversion factor based on historical funding experience. The loss rate applied to the estimated funded balance is equivalent to the overall loss rate applied to on-balance sheet exposures in its designated pool. The Corporation is not required to establish an allowance for credit losses on commitments that are deemed to be unconditionally cancellable at the sole discretion of the Corporation.
The allowance for credit losses is increased through a provision for credit losses charged to operations. Loans are charged against their respective allowance for credit losses when management believes the collectability of all or a portion of the principal balance is unlikely. Management's evaluation of the adequacy of the allowance for credit losses is performed on a periodic basis and takes into consideration such factors as the credit risk grade assigned to a loan, historical credit loss experience, and review of information specific and pertinent to the borrower. While management uses available information to recognize credit losses on loans, future additions to the allowance may be necessary based on changes in economic conditions, regulatory requirements, or other new information.

LOANS HELD FOR SALE
Certain mortgage loans are originated with the intent to sell. The Bank typically retains the right to service these mortgages upon sale. From time to time, the intent of loans originated and held for investment changes and the Bank will transfer loans held for investment to loans held for sale. During the year ended December 31, 2025, the Bank transferred commercial credit card balances from loans held for investment to loans held for sale. Loans held for sale are recorded at the lower of cost or fair value in the aggregate and are regularly evaluated for changes in fair value. Commitments to sell loans that are originated for sale are recorded at fair value. If necessary, a valuation allowance is established with a charge to income for unrealized losses attributable to a change in market conditions.
LEASES

Leases are classified as operating or finance leases on the lease commencement date. At inception, the Corporation determines the lease term by considering the minimum contractual term and all optional renewal periods the Corporation is reasonably certain to renew. The implicit discount rate used to determine lease liabilities is based upon incremental borrowing rates the Corporation could access for similar terms as of the commencement or remeasurement date.
The Corporation records operating leases on the Corporation's Consolidated Balance Sheets as a lease liability equal to the present value of future minimum payments under the lease terms, and a right-of-use asset equal to the lease liability, adjusted for initial direct costs and lease incentives. The lease term is also used to calculate straight-line rent expense. The Corporation's leases do not contain residual value guarantees or material variable lease payments that may impact the Corporation's ability to pay dividends or cause the Corporation to incur additional financial obligations. Rent expense and variable lease expense are included in net occupancy expense on the Corporation's Consolidated Statements of Income.
Finance leases are initially recorded on the Corporation's Consolidated Balance Sheets as a long-term lease obligation equal to the present value of future minimum lease payments with a corresponding right-of-use asset equal to the long-term lease obligation, adjusted for initial direct costs and lease incentives. The long-term lease obligation amortizes as payments are made on the lease. Interest expense is incurred utilizing the discount rate used to establish the value of the long-term lease obligation. Amortization of the right-of-use assets arising from finance leases is expensed through net occupancy expense, and the interest on the related lease liability is recorded through interest expense on borrowings on the Corporation's Consolidated Statements of Income.

PREMISES AND EQUIPMENT

Land is carried at cost, while buildings, equipment, leasehold improvements and furniture are stated at cost less accumulated depreciation and amortization. Depreciation is charged to current operations using the straight-line method over the estimated useful lives of the assets, which range from 15 to 50 years for buildings and from 3 to 10 years for equipment and furniture.  Amortization of leasehold improvements and leased equipment is recognized using the straight-line method over the shorter of the lease term or the estimated life of the asset. Leases of branch offices, which have been designated as finance lease right-of- use assets, are included within buildings and amortized on a straight-line basis over the shorter of the lease term or the estimated life of the asset.

BANK OWNED LIFE INSURANCE

BOLI is recorded at the realizable amount under the insurance contracts as of the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. Changes in the cash surrender value are recorded in other non-interest income.

OTHER REAL ESTATE AND REPOSSESSED VEHICLES

Real estate acquired through foreclosure or deed in lieu of foreclosure is recorded at estimated fair value of the property less estimated costs to sell at the time of acquisition, establishing a new carrying value. Write downs from the carrying value of the loan to estimated fair value, which are required at the time of foreclosure, are charged against the allowance for credit losses. Subsequent adjustments to the carrying values of such properties arising from declines in fair value result in the establishment of a valuation allowance and are charged to operations in the period in which the declines occur. Vehicles repossessed by the Corporation are derecognized as loans receivable at the earlier of physical possession or legal title of the vehicle, and are recorded in other assets on the Corporation's Consolidated Balance Sheets at fair value. Write downs to fair value at the time of repossession are charged against the allowance for credit losses. Gains on the sale of repossessed vehicles are credited to the allowance for credit losses as recoveries, up to the amount of any initial charge-off, while losses on the sale of repossessions are recorded as other non-interest expense. Gains on the sale of repossessions in excess of any initial charge-off is recorded as other non-interest income.
INCOME TAXES

The Corporation files a consolidated tax return. Deferred tax assets and liabilities are recognized for future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and for unused tax loss carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates to apply to taxable income in the years in which temporary differences are expected to be recovered or settled, or the tax loss carry forwards are expected to be utilized. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized.
A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded.

WEALTH MANAGEMENT GROUP FEE INCOME

Assets held in a fiduciary or agency capacity for customers are not included in the accompanying Consolidated Balance Sheets, since such assets are not assets of the Corporation. Wealth Management Group income is recognized on the accrual method as earned based on contractual rates applied to the balances of individual trust accounts. The market value of trust assets under administration total $2.338 billion, including $301.8 million of assets held under management or administration for the Corporation, as of December 31, 2025 and $2.212 billion, including $301.9 million of assets held under management or administration for the Corporation, as of December 31, 2024.

POSTRETIREMENT BENEFITS

Pension Plan:

The Chemung Canal Trust Company Pension Plan is a non-contributory defined benefit pension plan ("Pension Plan"). The Pension Plan is a “qualified plan” under the IRS Code and therefore must be funded. Contributions are deposited to the Plan and held in trust. The Plan assets may only be used to pay retirement benefits and eligible plan expenses. The Plan was amended such that new employees hired on or after July 1, 2010 would not be eligible to participate in the Plan, however, existing participants at that time would continue to accrue benefits.
On October 20, 2016, the Corporation amended its non-contributory defined benefit pension plan to freeze future retirement benefits after December 31, 2016. Beginning on January 1, 2017, both the pay-based and service-based components of the formula used to determine retirement benefits in the Pension Plan were frozen so that participants no longer earned further retirement benefits.
Under the Plan, pension benefits are based upon final average annual compensation where the annual compensation is total base earnings paid plus commissions. Bonuses, overtime, and dividends are excluded. The normal retirement benefit equals 1.2% of final average compensation (highest consecutive five years of annual compensation in the prior ten years) times years of service (up to a maximum of 25 years), plus 1% of average monthly compensation for each additional year of service (up to a maximum of 10 years), plus 0.65% of average monthly compensation in excess of covered compensation for each year of credited service up to 35 years. Covered compensation is the average of the social security taxable wage base in effect for the 35 year period prior to normal social security retirement age. See Note 13 for further details.

Defined Contribution Profit Sharing, Savings and Investment Plan:

The Corporation sponsors a 401(K) defined contribution profit sharing, savings and investment plan which covers all eligible employees. The Corporation contributes a non-discretionary 3% of gross annual wages (as defined by the 401(k) plan) for each participant, regardless of the participant’s deferral, in addition to a 50% match up to 6% of gross annual wages. Contributions made on behalf of employees hired prior to January 1, 2025 vest immediately. Contributions made on behalf of employees hired on or after January 1, 2025 will vest based on years of service over a three-year period. The plan's assets consist of Chemung Financial Corporation common stock, U.S. Government securities, corporate bonds and notes, and mutual funds. The plan’s expense is the amount of non-discretionary and matching contributions and is charged to non-interest expense in the Consolidated Statements of Income.
Defined Benefit Health Care Plan:

The Corporation sponsors a defined benefit health care plan that provides postretirement medical benefits to employees who meet minimum age and service requirements. Current retirees between the ages of 55 and 65, will continue to be eligible for coverage under the Corporation's self-insured plan, contributing 50% of the cost of the coverage. Employees who retired after July 1, 2006, and become Medicare eligible will only have access to the Medicare Blue PPO plan.  The cost of the plan is based on actuarial computations of current and future benefits for employees, and is charged to non-interest expense in the Consolidated Statements of Income. On October 20, 2016, the Corporation amended its defined benefit health care plan to not allow any new retirees into the plan, effective January 1, 2017. See Note 13 for further details.

Executive Supplemental Pension Plan:

U.S. laws place limitations on compensation amounts that may be included under the Pension Plan. The Executive Supplemental Pension Plan was provided to executives in order to produce total retirement benefits, as a percentage of compensation that is comparable to employees whose compensation is not restricted by the annual compensation limit. Pension amounts, which exceed the applicable Internal Revenue Service Code limitations, will be paid under the Executive Supplemental Pension Plan.
The Executive Supplemental Pension Plan is a “non-qualified plan” under the Internal Revenue Service Code. Contributions to the Plan are not held in trust; therefore, they may be subject to the claims of creditors in the event of bankruptcy or insolvency. When payments come due under the Plan, cash is distributed from general assets. The cost of the Plan is based on actuarial computations of current and future benefits for executives, and is charged to non-interest expense in the Consolidated Statements of Income.

Defined Contribution Supplemental Executive Retirement Plan:

The Defined Contribution Supplemental Executive Retirement Plan is provided to certain executives to motivate and retain key management employees by providing a non-qualified retirement benefit that is payable at retirement, disability, death, and certain other events.
The Supplemental Executive Retirement Plan is intended to be an unfunded plan maintained primarily for the purpose of providing deferred compensation benefits for a select group of management or highly compensated employees under Sections 201(2), 301(a)(3) and 401(a)(1) of the Employee Retirement Income Security Act of 1974. The plan’s expense is the Corporation’s annual contribution plus interest credits.

STOCK-BASED COMPENSATION

2025 Equity Incentive Plan
The Corporation's 2025 Equity Incentive Plan (the "2025 Plan") is designed to align the interests of the Corporation’s executives, senior managers, and directors with the interests of the Corporation and its shareholders, to ensure the Corporation’s compensation practices are competitive and comparable with those of its peers, and to promote the retention of select management-level employees and directors. Under the terms of the 2025 Plan, the Compensation and Personnel Committee may approve discretionary grants of restricted shares of the Corporation’s common stock to or for the benefit of employees selected to participate in the 2025 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 2025 Plan may not exceed 160,000, upon which time the 2025 Plan will be amended, presented and approved by the Corporation's shareholders to include additional shares of the Corporation's common stock. Awards under the 2025 Plans may be vested no earlier than the first anniversary of the date on which the award is granted. Compensation expense for shares granted will be recognized over the vesting period of the award based upon the fair value of shares granted as of the grant date. On June 3, 2025, the Corporation's shareholders approved the 2025 Plan, replacing the Corporation's 2021 Equity Incentive Plan (the "2021 Plan"). No further awards will be granted under the 2021 Plan, but it shall remain in existence for the purpose of administering outstanding grants.
A Directors Deferred Fee Plan for non-employee directors of the Corporation or the Bank provides that directors may elect to defer receipt of all or any part of their fees. Deferrals are either credited with interest compounded quarterly at the applicable Federal rate for short-term debt instruments or converted to units, which appreciate or depreciate, as would an actual share of the Corporation’s common stock purchased on the deferral date. Cash deferrals will be paid into an interest bearing account and paid in cash. Units will be paid in shares of common stock. All directors’ fees are charged to non-interest expense in the Consolidated Statements of Income.

Non-qualified Deferred Compensation Plan:
The Deferred Compensation Plan allows a select group of management and employees to defer all or a portion of their annual compensation to a future date. Eligible employees are generally highly compensated employees and are designated by the Board of Directors from time to time. Investments in the plan are recorded as equity investments and deferred amounts are an unfunded liability of the Corporation. The plan requires deferral elections be made before the beginning of the calendar year during which the participant will perform the services to which the compensation relates. Participants in the Plan are required to elect a form of distribution, either lump sum payment or annual installments not to exceed ten years, and a time of distribution, either a specified age or a specified date. The terms and conditions for the deferral of compensation are subject to the provisions of 409A of the IRS Code. The income from investments is recorded in dividend income and non-interest income in the Consolidated Statements of Income. The cost of the plan is recorded in non-interest expense in the Consolidated Statements of Income.

GOODWILL AND INTANGIBLE ASSETS

Goodwill resulting from business combinations prior to January 1, 2009 represents the excess of the purchase price over the fair value of the net assets of businesses acquired. Goodwill resulting from business combinations after January 1, 2009, is generally determined as the excess of the fair value of consideration transferred, plus the fair value of any noncontrolling interests in the acquiree, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill and intangible assets acquired in a purchase business combination and determined to have an indefinite useful life are not amortized, but tested for impairment at least annually. The Corporation has selected December 31 as the date to perform the annual impairment test. Goodwill is the only intangible asset with an indefinite life on the Corporation's Consolidated Balance Sheets. Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. The balances are reviewed for impairment on an ongoing basis or whenever events or changes in business circumstances warrant a review of the carrying value. If impairment is determined to exist, the related write-down of the intangible asset's carrying value is charged to operations. Based on the most recent impairment reviews performed as of December 31, 2025 and 2024, the Corporation did not identify any impairment on its outstanding goodwill for the years ended December 31, 2025 and 2024.

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

The Corporation has the ability to enter into sales of securities under agreements to repurchase. The agreements are treated as financings, and the obligations to repurchase securities sold are reflected as liabilities in the Consolidated Balance Sheets. The amount of the securities underlying the agreements continues to be carried in the Corporation's securities portfolio. The Corporation agrees to repurchase securities identical to those sold. The securities underlying the agreements are under the Corporation's control. As of December 31, 2025 and 2024, the Corporation had no securities sold under agreements to repurchase.

DERIVATIVES

The Corporation utilizes interest rate swaps with commercial borrowers and third-party counterparties as well as risk participation agreements with lead banks in participation loan relationships wherein the Corporation guarantees a portion of the fair value of an interest rate swap entered into by the lead bank. These transactions are accounted for as derivatives. The Company’s derivatives are entered into in connection with its asset and liability management activities and are not for trading purposes.
The Company does not have any derivatives designated as hedges, therefore all derivatives are considered free standing and are recorded at fair value as derivative assets or liabilities on the Consolidated Balance Sheets, with changes in fair value recognized in the Consolidated Statements of Income as non-interest income.
Premiums received when entering into derivative contracts are recognized as part of the fair value of the derivative asset or liability and are carried at fair value with any gain or loss at inception and any changes in fair value reflected in income.
The Corporation does not typically require its commercial customers to post cash or securities as collateral on its back-to-back interest rate swap program. The Corporation may need to post collateral, either cash or certain qualified securities, in proportion to potential increases in unrealized loss positions.

OTHER FINANCIAL INSTRUMENTS

The Corporation is a party to certain other financial instruments with off-balance sheet risk such as unused portions of lines of credit and commitments to fund new loans. The Corporation's policy is to record such instruments when funded.

EARNINGS PER COMMON SHARE

Basic earnings per share is calculated using the two-class method, which is net income available to common shareholders divided by the weighted average number of common shares outstanding during the period, excluding participating securities. All outstanding unvested share-based payment awards, including those related to directors' and employee restricted stock awards, contain rights to non-forfeitable dividends and are considered participating securities when calculating basic earnings per share. Basic earnings per share information is adjusted to present comparative results for stock splits and stock dividends that occur. There were no dilutive securities issuable or outstanding for the years ending December 31, 2025 and 2024.

COMPREHENSIVE INCOME

Comprehensive income consists of net income and other comprehensive income. Other comprehensive income includes unrealized gains and losses on securities available for sale and changes in the funded status of the Corporation’s defined benefit pension plan and other benefit plans, net of the related tax effect, which are also recognized as separate components of equity.

SEGMENT REPORTING

The Corporation has identified separate operating segments and internal financial information is primarily reported and aggregated in two lines of business, banking and wealth management services.

RECLASSIFICATION

Amounts in the prior years' consolidated financial statements are reclassified whenever necessary to conform to the current year's presentation. Reclassification adjustments had no impact on prior year net income or shareholders' equity.



RECENT ACCOUNTING PRONOUNCEMENTS

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvement to Income Tax Disclosures, which will require public business entities to disclose annually a tabular rate reconciliation and income taxes paid information, including specific items such as state and local income tax, tax credits, nontaxable or nondeductible items, among others, and a separate disclosure requiring disaggregation of reconciling items as described above which equal or exceed 5% percent of the product of multiplying income from continuing operations by the applicable statutory income tax rate. Additionally, disclosure of income taxes paid by jurisdiction is required for each jurisdiction in which income taxes paid represented at least 5% of total income taxes paid. The Corporation adopted ASU 2023-09 for its fiscal year ended December 31, 2025, using the prospective method. See Note 12 for enhancements to the Corporation's income tax disclosures.
v3.25.4
RESTRICTIONS ON CASH AND DUE FROM BANK ACCOUNTS
12 Months Ended
Dec. 31, 2025
RESTRICTIONS ON CASH AND DUE FROM BANK ACCOUNTS [Abstract]  
RESTRICTIONS ON CASH AND DUE FROM BANK ACCOUNTS RESTRICTIONS ON CASH AND DUE FROM BANK ACCOUNTS
Generally, the Corporation is required to maintain balances with the Federal Reserve Bank of New York based upon outstanding balances of deposit transaction accounts. However, as of March 15, 2020, the Federal Reserve Board reduced reserve requirement ratios to zero percent, effective March 26, 2020. Therefore, as of December 31, 2025 and 2024, there were no reserve requirements with the Federal Reserve Bank of New York.
The Corporation maintained a pre-funded settlement account with a financial institution in the amount of $1.6 million for electronic funds transaction settlement purposes as of December 31, 2025 and 2024.
The Corporation also maintains a collateral restricted account with a financial institution related to the Corporation's interest rate swap program. The account serves as collateral in the event of default on the interest rate swaps with the counterparties. No collateral was held at the financial institution as of December 31, 2025, and 2024.
v3.25.4
SECURITIES
12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
SECURITIES SECURITIES
Amortized cost and estimated fair value of securities available for sale as of December 31, 2025 and 2024 are as follows (in thousands):
 December 31, 2025
 Amortized CostGross Unrealized GainsGross Unrealized LossesAllowance for Credit LossesEstimated Fair Value
Mortgage-backed securities, residential$295,595 $76 $45,296 $— $250,375 
Collateralized mortgage obligations2,990 — 59 — 2,931 
Obligations of states and political subdivisions10,553 — 243 — 10,310 
Corporate bonds and notes18,750 — 1,768 — 16,982 
Total$327,888 $76 $47,366 $— $280,598 

 December 31, 2024
 Amortized CostGross Unrealized GainsGross Unrealized LossesAllowance for Credit LossesEstimated Fair Value
U.S. treasury notes and bonds$59,880 $— $2,974 $— $56,906 
Mortgage-backed securities, residential441,191 14 75,271 — 365,934 
Obligations of states and political subdivisions37,059 — 1,554 — 35,505 
Corporate bonds and notes25,750 — 3,734 — 22,016 
SBA loan pools53,391 35 2,345 — 51,081 
Total$617,271 $49 $85,878 $— $531,442 

Proceeds from and the gross realized gains and losses on sales and calls of securities available for sale for the year ended December 31, 2025 are presented below (in thousands).
2025
Proceeds from sales$227,305 
Gross realized gains$14 
Gross realized (losses)$(17,512)
Tax expense (benefit)$(4,261)

There were no proceeds from sales and calls of securities resulting in gains or losses during the year ended December 31, 2024.


Amortized cost and estimated fair value of securities held to maturity as of December 31, 2025 and 2024 are as follows (in thousands):
 December 31, 2025
 Amortized CostGross Unrecognized GainsGross Unrecognized LossesAllowance for Credit LossesEstimated Fair Value
Obligations of states and political subdivisions$640 $— $— $— $640 
 December 31, 2024
 Amortized CostGross Unrecognized GainsGross Unrecognized LossesAllowance for Credit LossesEstimated Fair Value
Obligations of states and political subdivisions$808 $— $— $— $808 

There were no proceeds from sales of securities held to maturity during the years ended December 31, 2025 and 2024.

The amortized cost and estimated fair value of debt securities are shown below by contractual 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):

 December 31, 2025
Available for SaleHeld to Maturity
Amortized CostEstimated Fair ValueAmortized
Cost
Fair
Value
Within one year$992 $988 $— $— 
After one, but within five years2,573 2,360 160 160 
After five, but within ten years25,588 23,800 480 480 
After ten years150 144 — — 
$29,303 $27,292 $640 $640 
Mortgage-backed securities, residential295,595 250,375 — — 
Collateralized mortgage obligations2,990 2,931 — — 
Total$327,888 $280,598 $640 $640 

The following tables summarize the investment securities available for sale with unrealized losses, for which an allowance for credit losses has not been recorded as of December 31, 2025 and 2024, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):

 Less than 12 months12 months or longerTotal
 Fair ValueUnrealized
Losses
Fair ValueUnrealized
Losses
Fair ValueUnrealized
Losses
2025
Mortgage-backed securities, residential$— $— $245,329 $45,296 $245,329 $45,296 
Collateralized mortgage obligations2,931 59 — — 2,931 59 
Obligations of states and political subdivisions— — 9,845 243 9,845 243 
Corporate bonds and notes984 16 15,998 1,752 16,982 1,768 
Total $3,915 $75 $271,172 $47,291 $275,087 $47,366 

 Less than 12 months12 months or longerTotal
 Fair ValueUnrealized
Losses
Fair ValueUnrealized
Losses
Fair ValueUnrealized
Losses
2024
U.S. treasury notes and bonds$— $— $56,906 $2,974 $56,906 $2,974 
Mortgage-backed securities, residential5,006 111 359,722 75,160 364,728 75,271 
Obligations of states and political subdivisions107 35,398 1,551 35,505 1,554 
Corporate bonds and notes1,921 79 20,095 3,655 22,016 3,734 
SBA loan pools564 46,018 2,344 46,582 2,345 
Total $7,598 $194 $518,139 $85,684 $525,737 $85,878 
Pledged Securities
The fair value of securities pledged to secure public funds on deposit or for other purposes as required by law was $178.2 million as of December 31, 2025 and $181.5 million as of December 31, 2024.

Concentrations
There are no securities of a single issuer (other than securities of U.S. Government sponsored enterprises) that exceeded 10% of shareholders' equity as of December 31, 2025 or 2024.

Assessment of Available for Sale Debt Securities for Credit Risk
Management assesses the change in fair value of investment securities on a regular basis. Unrealized losses on debt securities may occur from current market conditions, increases in interest rates since the time of purchase, structural changes in an investment, volatility in financial results of specific issuers, or deterioration in credit quality of issuers. Management assesses both qualitative and quantitative factors to determine whether an allowance for credit losses is required. The following is a discussion of the credit quality characteristics of major portfolio segments carrying material unrealized losses as of December 31, 2025.

Obligations of U.S. Governmental agencies and sponsored enterprises:
As of December 31, 2025, the majority of the Corporation’s unrealized losses in available for sale investment securities related to mortgage-backed securities, issued by government-sponsored entities and agencies. Declines in fair value were attributable to changes in interest rates and market liquidity, not credit quality. The Corporation does not have the intent, and is not likely to be required, to sell these securities prior to anticipated recovery. Due to affiliations with U.S. governmental agencies and or enterprises, the Corporation considers these obligations to carry zero loss estimates, and has not recorded an allowance for credit losses as of December 31, 2025.

Corporate bonds and notes:
The Corporation's corporate bonds and notes portfolio is comprised of subordinated debt issues of community and regional banks. Management considers the credit quality of these investments on an individual basis. Management reviews the collectability of these securities, taking into consideration such factors as the financial condition of issuers, reported regulatory capital ratios of the issuers, and credit ratings when available, among other pertinent factors. All corporate bond debt securities continue to accrue interest and make payments as expected with no defaults or deferrals on the part of the issuers. The decrease in market value was attributable to changes in interest rates. Therefore, the Corporation considers the potential credit risk of the issuers to be immaterial, and has not recorded an allowance for credit losses as of December 31, 2025.

Equity Investments
The Corporation holds a non-qualified deferred compensation plan to allow a select group of management and employees the opportunity to defer all or a portion of their annual compensation, and treats assets held under this plan as equity investments. The fair value of investments held in relation to the deferred compensation plan was $3.2 million and $2.6 million as of December 31, 2025 and 2024, respectively. The Corporation also held $0.6 million of marketable securities as equity investments for each of the years ended December 31, 2025 and 2024.
v3.25.4
LOANS AND ALLOWANCE FOR CREDIT LOSSES
12 Months Ended
Dec. 31, 2025
Credit Loss [Abstract]  
LOANS AND ALLOWANCE FOR CREDIT LOSSES LOANS AND ALLOWANCE FOR CREDIT LOSSES
The composition of the loan portfolio, net of deferred loan fees as of December 31, 2025 and 2024 is summarized as follows (in thousands):
 20252024
Commercial and industrial$324,185 $299,521 
Commercial mortgages:
Construction120,418 94,943 
Owner occupied commercial real estate178,620 142,279 
Non-owner occupied commercial real estate1,110,689 979,782 
Residential mortgages286,885 274,979 
Consumer loans:
Home equity lines and loans109,723 93,220 
Indirect consumer loans132,699 178,118 
Direct consumer loans6,342 8,577 
Total loans, net of deferred loan fees2,269,561 2,071,419 
Allowance for credit losses(24,209)(21,388)
Loans, net of allowance for credit losses$2,245,352 $2,050,031 
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.
Accrued interest receivable on loans totaled $8.9 million as of December 31, 2025 and $8.0 million as of December 31, 2024. Accrued interest receivable on loans is included in the accrued interest receivable and other assets line item on the Corporation's Consolidated Balance Sheets, and is excluded from the amortized cost basis of loans and estimate of the allowance for credit losses, as presented in this Note. Deferred loan costs, net of deferred loan fees, included in the amortized cost basis of loans as presented in the table above, totaled $4.1 million as of December 31, 2025 and $4.7 million as of December 31, 2024.
Owner occupied commercial real estate and non-owner occupied commercial real estate were previously presented as a combined loan category, "commercial mortgages, other". Prior period information included in this Note has been disaggregated to reflect these standalone categories. The previously presented commercial mortgages, other loan category totaled $1.29 billion and $1.12 billion as of December 31, 2025 and December 31, 2024, respectively.
The Corporation had no residential mortgages held for sale as of December 31, 2025 and December 31, 2024. When the Corporation has residential mortgages classified as held for sale, they are not included in the table above. During the year ended December 31, 2025, the Corporation transferred commercial credit card balances from loans held for investment to loans held for sale, following management's decision to pursue a sale of its commercial credit card receivables. These balances were previously included in the commercial and industrial loan category, as presented in the table above, and are included in the loans held for sale line item on the Corporation's Consolidated Balance Sheets. As of December 31, 2025, loans held for sale included $2.1 million in commercial credit card balances.
Residential mortgage and home equity loans totaling $255.1 million as of December 31, 2025 and $244.6 million as of December 31, 2024 were pledged under a blanket collateral agreement for the Corporation's line of credit with the FHLBNY.
The following tables present the activity in the allowance for credit losses by portfolio segment for the years ended December 31, 2025 and 2024 (in thousands):
 December 31, 2025
Allowance for credit lossesCommercial and IndustrialCommercial MortgagesResidential MortgagesConsumer LoansTotal
Beginning balance, January 1, 2025$4,520 $11,214 $2,259 $3,395 $21,388 
Charge-offs:(797)(6)— (1,653)(2,456)
Recoveries:10 19 551 584 
Net (charge-offs) recoveries(787)(2)19 (1,102)(1,872)
Provision (1)
791 3,151 510 241 4,693 
Ending balance, December 31, 2025$4,524 $14,363 $2,788 $2,534 $24,209 
(1) Additional provision related to off-balance sheet exposure was a credit of $256 thousand for the year ended December 31, 2025.
 December 31, 2024
Allowance for credit lossesCommercial and IndustrialCommercial MortgagesResidential MortgagesConsumer LoansTotal
Beginning balance, January 1, 2024$5,055 $12,026 $2,194 $3,242 $22,517 
Charge-offs:(302)— (21)(1,550)(1,873)
Recoveries:128 62 519 713 
Net recoveries (charge-offs)(174)41 (1,031)(1,160)
Provision (1)
(361)(816)24 1,184 31 
Ending balance, December 31, 2024$4,520 $11,214 $2,259 $3,395 $21,388 
(1) Additional provision related to off-balance sheet exposure was a credit of $77 thousand for the year ended December 31, 2024.

Unfunded Commitments
The allowance for credit losses on unfunded commitments represents amounts held against credit exposures which are not represented on the Consolidated Balance Sheets. The allowance is recognized as a liability, a component of other liabilities on the Consolidated Balance Sheets, with adjustments to the allowance recognized in the provision for credit losses line item on the Consolidated Statements of Income.

The following table presents the activity in the allowance for credit losses on unfunded commitments for the years ended December 31, 2025 and 2024:
For the Years Ended December 31,
Allowance for credit losses on unfunded commitments20252024
Beginning balance$842 $919 
Provision (credit) for credit losses on unfunded commitments (256)(77)
Ending balance$586 $842 

The following table presents the provision for credit losses on loans and unfunded commitments for the years ended December 31, 2025 and 2024 (in thousands):
For the Years Ended December 31,
Provision for credit losses20252024
Provision for credit losses on loans$4,693 $31 
Provision (credit) for credit losses on unfunded commitments (256)(77)
Total provision (credit) for credit losses$4,437 $(46)

The following tables present the balance in the allowance for credit losses and the amortized cost basis in loans by portfolio segment and based on analysis status as of December 31, 2025 and 2024 (in thousands):


 December 31, 2025
Allowance for credit lossesCommercial
and
Industrial
Commercial MortgagesResidential MortgagesConsumer LoansTotal
Ending allowance balance attributable to loans:
Individually analyzed $641 $506 $— $— $1,147 
Collectively analyzed 3,883 13,857 2,788 2,534 23,062 
Total ending allowance balance$4,524 $14,363 $2,788 $2,534 $24,209 
 December 31, 2024
Allowance for credit lossesCommercial
and
Industrial
Commercial MortgagesResidential MortgagesConsumer LoansTotal
Ending allowance balance attributable to loans:
Individually analyzed$1,446 $106 $— $— $1,552 
Collectively analyzed3,074 11,108 2,259 3,395 19,836 
Total ending allowance balance$4,520 $11,214 $2,259 $3,395 $21,388 

 December 31, 2025
LoansCommercial
and
Industrial
Commercial MortgagesResidential MortgagesConsumer LoansTotal
Loans individually analyzed$693 $3,167 $— $327 $4,187 
Loans collectively analyzed323,492 1,406,560 286,885 248,437 2,265,374 
Total ending loans balance$324,185 $1,409,727 $286,885 $248,764 $2,269,561 

 December 31, 2024
LoansCommercial
and
Industrial
Commercial MortgagesResidential MortgagesConsumer LoansTotal
Loans individually analyzed$1,512 $4,959 $— $— $6,471 
Loans collectively analyzed298,009 1,212,045 274,979 279,915 2,064,948 
Total ending loans balance$299,521 $1,217,004 $274,979 $279,915 $2,071,419 


Modifications to Loans Made to Borrowers Experiencing Financial Difficulty
The Corporation may occasionally make modifications to loans where the borrower is considered to be experiencing financial difficulty, and which may require disclosure in accordance with Financial Instruments-Credit Losses (Topic 326)-Troubled Debt Restructurings and Vintage Disclosures. Types of modifications considered under ASU 2022-02 include principal reductions, interest rate reductions, term extensions, significant payment delays, or a combination thereof.

The following tables summarize the amortized cost basis of loans modified during the years ended December 31, 2025 and 2024 (in thousands):
December 31, 2025
Loans modified under ASU 2022-02Principal ReductionInterest Rate ReductionTerm ExtensionPayment DelayCombinationTotal
(%) of Loan Class (1)
Commercial mortgages:
Non-owner occupied commercial real estate$— $— $950 $3,408 $446 $4,804 0.43 %
Residential mortgages— — — 170 — 170 0.06 %
Total$— $— $950 $3,578 $446 $4,974 
(1) Represents the amortized cost basis of loans modified during the period as a percentage of the period-end loan balances by class.
December 31, 2024
Loans modified under ASU 2022-02Principal ReductionInterest Rate ReductionTerm ExtensionPayment DelayCombinationTotal
(%) of Loan Class (1)
Commercial and industrial$— $— $384 $— $— $384 0.13 %
Commercial mortgages:— 
Owner occupied commercial real estate— — — 376 — 376 0.26 %
Residential mortgages— — — 440 — 440 0.16 %
Total$— $— $384 $816 $— $1,200 
(1) Represents the amortized cost basis of loans modified during the period as a percentage of the period-end loan balances by class.

The following tables present the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty during the years ended December 31, 2025 and 2024:

December 31, 2025
Effect of loan modifications under ASU 2022-02Principal reduction
(in thousands)
Weighted average interest rate reduction (%)Weighted average term extension
(in months)
Weighted-average payment delay
(in months)
Commercial mortgages:
Non-owner occupied commercial real estate$——%9 months6 months
Residential mortgages$——%0 months6 months

December 31, 2024
Effect of loan modifications under ASU 2022-02Principal Reduction (in thousands)Weighted average interest rate reduction (%)Weighted average term extension
(in months)
Weighted average payment delay
(in months)
Commercial and industrial—%60 months0 months
Commercial mortgages:
Owner occupied commercial real estate—%0 months101 months
Residential mortgages—%0 months6 months

The Corporation closely monitors the performance of loans that have previously been modified under ASU 2022-02 in order to gauge the effectiveness of modifications, and to determine the degree to which borrowers continue to demonstrate financial weakness following modification. The following tables present the performance of such loans that were modified in the twelve month periods preceding December 31, 2025 and 2024 (in thousands):

Twelve Months Ended December 31, 2025
Past Due Status of Modifications under ASU 2022-02:30-59 Days Past Due60-89 Days Past DueGreater Than 89 Days Past DueLoans Not Past DueTotal
Commercial mortgages:
Non-owner occupied commercial real estate— — — 4,804 4,804 
Residential mortgages (1)
— — — 170 170 
Total$— $— $— $4,974 $4,974 
Twelve Months Ended December 31, 2024
Past Due Status of Modifications under ASU 2022-02:30-59 Days Past Due60-89 Days Past DueGreater Than 89 Days Past DueLoans Not Past DueTotal
Commercial and industrial$— $— $— $384 $384 
Commercial mortgages:
Owner occupied commercial real estate— — — 376 376 
Residential mortgages— — 440 — 440 
Total$— $— $440 $760 $1,200 

The Corporation had no outstanding commitments to lend additional amounts to borrowers for which modifications subject to ASU 2022-02 were made during the years ended December 31, 2025 and 2024.

Collateral-Dependent Individually Analyzed Loans
As of December 31, 2025 and 2024, the amortized cost basis of individually analyzed loans was $4.2 million, of which $2.2 million were considered collateral-dependent, and as of December 31, 2024, the amortized cost basis of individually analyzed loans was $6.5 million, of which $5.1 million were considered collateral-dependent. For collateral-dependent loans where the borrower is experiencing financial difficulty and repayment is likely to be substantially provided through the sale or operation of the collateral, the allowance for credit losses is measured based on the difference between the fair value of the collateral and the amortized cost basis of the loan as of the measurement date.
Certain assets held as collateral may be exposed to future deterioration in fair value, particularly due to changes in real estate markets or usage. The Corporation closely monitors trends in real estate values throughout its market area to determine whether collateral values, after appropriate discounting, are likely to be sufficient to extinguish existing borrower indebtedness.

The following table presents the amortized cost basis and related allowance for credit loss of individually analyzed loans considered to be collateral-dependent as of December 31, 2025 and 2024 (in thousands):

December 31, 2025December 31, 2024
Amortized Cost BasisRelated AllowanceAmortized Cost BasisRelated Allowance
Commercial and industrial (2)
$50 $— $130 $65 
Commercial mortgages:
Owner occupied commercial real estate (1) (2)
629 1,377 15 
Non-owner occupied commercial real estate (1)
1,167 199 3,582 91 
Consumer loans:
Home equity lines and loans (3)
327 — — — 
Total$2,173 $203 $5,089 $171 
(1) Secured by commercial real estate
(2) Secured by business assets
(3) Secured by residential real estate
The following table presents the amortized cost basis of nonaccrual loans without an associated allocation in the allowance for credit losses, total nonaccrual loans, and loans pasts due 90 days or greater which were still accruing, by class of loans, as of December 31, 2025 and 2024 (in thousands):

Nonaccrual with No Allowance for Credit LossesNonaccrualLoans Past Due 90 Days or More and Still Accruing
202520242025202420252024
Commercial and industrial$136 $76 $779 $1,534 $17 $23 
Commercial mortgages:
Owner occupied commercial real estate625 1,362 629 1,377 — — 
Non-owner occupied commercial real estate23 2,619 2,538 3,582 — — 
Residential mortgages1,753 1,372 1,753 1,372 — — 
Consumer loans:
Home equity lines and loans1,005 613 1,005 613 — — 
Indirect consumer loans1,117 474 1,117 474 — — 
Direct consumer loans87 87 — — 
Total$4,746 $6,518 $7,908 $8,954 $17 $23 

The following tables present the aging of the amortized cost basis in loans as of December 31, 2025 and 2024 (in thousands):

December 31, 2025
30 - 59 Days Past Due60-89 Days Past DueGreater Than 89 Days Past DueTotal Past DueLoans Not Past DueTotal
Commercial and industrial$817 $55 $36 $908 $323,277 $324,185 
Commercial mortgages:
Construction— — — — 120,418 120,418 
Owner occupied commercial real estate105 — 96 201 178,419 178,620 
Non-owner occupied commercial real estate— — 2,538 2,538 1,108,151 1,110,689 
Residential mortgages1,277 693 901 2,871 284,014 286,885 
Consumer loans:
Home equity lines and loans747 26 249 1,022 108,701 109,723 
Indirect consumer loans2,312 656 616 3,584 129,115 132,699 
Direct consumer loans23 16 44 6,298 6,342 
Total$5,281 $1,446 $4,441 $11,168 $2,258,393 $2,269,561 
December 31, 2024
30 - 59 Days Past Due60-89 Days Past DueGreater Than 89 Days Past DueTotal Past DueLoans Not Past DueTotal
Commercial and industrial$140 $201 $702 $1,043 $298,478 $299,521 
Commercial mortgages:
Construction— — — — 94,943 94,943 
Owner occupied commercial real estate82 — 96 178 142,101 142,279 
Non-owner occupied commercial real estate950 — 3,162 4,112 975,670 979,782 
Residential mortgages1,529 662 696 2,887 272,092 274,979 
Consumer loans:
Home equity lines and loans231 — 364 595 92,625 93,220 
Indirect consumer loans2,101 719 235 3,055 175,063 178,118 
Direct consumer loans14 21 8,556 8,577 
Total$5,047 $1,588 $5,256 $11,891 $2,059,528 $2,071,419 



Credit Quality Indicators

The Corporation establishes a risk rating at origination for all commercial loans. The primary 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 retail loans, which include residential mortgages, indirect and direct consumer loans, and home equity lines and loans, once a loan is appropriately approved and closed, the Corporation evaluates credit quality based upon loan repayment. Retail loans that have been modified subject to ASU 2022-02, but are otherwise performing, are assigned a risk rating of Special Mention, as defined below. Retail loans are not rated until they become 90 days past due or are modified under ASU 2022-02.

The Corporation uses its 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 December 31, 2025, the risk category of the amortized cost basis of loans by class of loans and vintage, as well as the gross charge-offs by loan class and vintage for the period, are as follows (in thousands):
Term Loans - Amortized Cost by Origination YearRevolving Loans Amortized CostRevolving Loans Converted to TermTotal
20252024202320222021Prior
Commercial and industrial
Pass$52,419 $25,663 $22,131 $25,382 $11,367 $15,765 $135,641 $2,726 $291,094 
Special Mention1,616 31 496 2,163 1,412 6,852 13,139 3,631 29,340 
Substandard— 317 13 — 42 — 2,645 75 3,092 
Doubtful— — — — — 584 — 75 659 
Total54,035 26,011 22,640 27,545 12,821 23,201 151,425 6,507 324,185 
Gross charge-offs— 19 — — 772 — — 797 
Construction
Pass38,266 29,670 33,259 14,754 1,213 1,323 1,933 — 120,418 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Total38,266 29,670 33,259 14,754 1,213 1,323 1,933 — 120,418 
Gross charge-offs— — — — — — — — — 
Owner occupied commercial real estate
Pass48,350 23,186 17,531 23,050 12,966 31,441 590 39 157,153 
Special Mention— — 4,681 1,646 6,912 3,567 2,000 — 18,806 
Substandard1,207 — 96 468 — 886 — — 2,657 
Doubtful— — — — — — — 
Total49,557 23,186 22,308 25,164 19,878 35,898 2,590 39 178,620 
Gross charge-offs— — — — — — — — — 
Non-owner occupied commercial real estate
Pass162,357 102,759 99,585 242,886 133,385 279,901 9,102 726 1,030,701 
Special Mention— — 15,301 18,852 13,006 27,806 — — 74,965 
Substandard2,039 — 2,515 — — 469 — — 5,023 
Doubtful— — — — — — — — — 
Total164,396 102,759 117,401 261,738 146,391 308,176 9,102 726 1,110,689 
Gross charge-offs— — — — — — — 
Residential mortgages
Not rated38,892 24,307 17,590 50,866 50,380 102,421 — — 284,456 
Special Mention— — — — 426 — — — 426 
Substandard— — 69 295 309 1,330 — — 2,003 
Total38,892 24,307 17,659 51,161 51,115 103,751 — — 286,885 
Gross charge-offs— — — — — — — — — 
Home equity lines and loans
Not rated7,882 12,004 8,849 11,138 4,113 10,124 53,219 1,275 108,604 
Special Mention— — — 114 — — — — 114 
Substandard— — 22 207 — 192 112 472 1,005 
Total7,882 12,004 8,871 11,459 4,113 10,316 53,331 1,747 109,723 
Gross charge-offs— — — — — — — — — 
Indirect consumer
Not rated23,872 26,326 33,271 39,644 6,197 2,207 — — 131,517 
Substandard82 395 386 249 26 44 — — 1,182 
Total23,954 26,721 33,657 39,893 6,223 2,251 — — 132,699 
Gross charge-offs12 345 641 358 121 78 — — 1,555 
Direct consumer
Not rated1,591 1,339 750 460 60 154 1,969 6,327 
Substandard— — — — 10 — 15 
Total1,593 1,339 750 463 60 154 1,979 6,342 
Gross charge-offs12 27 23 12 — 21 — 98 
Total loans$378,575 $245,997 $256,545 $432,177 $241,814 $485,070 $220,360 $9,023 $2,269,561 
Total gross charge-offs$24 $391 $664 $370 $896 $84 $27 $— $2,456 
Based on the analyses performed as of December 31, 2024, the risk category of the amortized cost basis of loans by class of loans and vintage, as well as the gross charge-offs by loan class and vintage for the period, are as follows (in thousands):
Term Loans - Amortized Cost by Origination YearRevolving Loans Amortized CostRevolving Loans Converted to TermTotal
20242023202220212020Prior
Commercial and industrial
Pass$44,130 $32,157 $34,862 $16,787 $8,326 $27,452 $108,819 $1,380 $273,913 
Special Mention810 262 3,933 — 4,390 3,673 10,203 62 23,333 
Substandard99 — 733 30 — 379 318 1,567 
Doubtful21 — — — — 687 — — 708 
Total45,060 32,419 38,803 17,520 12,746 31,812 119,401 1,760 299,521 
Gross charge-offs— 84 200 — — 12 — 302 
Construction
Pass19,344 46,954 17,568 9,058 — 1,536 483 — 94,943 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Total19,344 46,954 17,568 9,058 — 1,536 483 — 94,943 
Gross charge-offs— — — — — — — — — 
Owner occupied commercial real estate
Pass23,196 23,185 26,945 20,979 9,513 31,222 97 55 135,192 
Special Mention— 370 — 109 — 2,206 2,000 — 4,685 
Substandard— 96 863 321 — 1,107 — — 2,387 
Doubtful— — — — — 15 — — 15 
Total23,196 23,651 27,808 21,409 9,513 34,550 2,097 55 142,279 
Gross charge-offs— — — — — — — — — 
Non-owner occupied commercial real estate
Pass97,155 109,354 267,280 141,864 97,828 233,084 6,696 777 954,038 
Special Mention— — 5,935 7,793 — 7,833 — — 21,561 
Substandard— 2,148 146 — 1,014 875 — — 4,183 
Doubtful— — — — — — — — — 
Total97,155 111,502 273,361 149,657 98,842 241,792 6,696 777 979,782 
Gross charge-offs— — — — — — — — — 
Residential mortgages
Not rated21,574 20,257 55,321 55,152 64,471 56,708 — — 273,483 
Substandard— — 85 771 220 420 — — 1,496 
Total21,574 20,257 55,406 55,923 64,691 57,128 — — 274,979 
Gross charge-offs— — — — — 21 — — 21 
Home equity lines and loans
Not rated13,833 10,657 14,094 4,879 2,503 10,259 35,015 1,252 92,492 
Special Mention— — 115 — — — — — 115 
Substandard— 24 63 — — 195 116 215 613 
Total13,833 10,681 14,272 4,879 2,503 10,454 35,131 1,467 93,220 
Gross charge-offs— — — — 11 — 13 
Indirect consumer
Not rated37,746 52,480 67,237 13,266 4,194 2,726 — — 177,649 
Substandard75 157 107 79 11 40 — — 469 
Total37,821 52,637 67,344 13,345 4,205 2,766 — — 178,118 
Gross charge-offs47 517 525 161 99 116 — — 1,465 
Direct consumer
Not rated2,420 1,681 1,454 275 41 225 2,455 14 8,565 
Substandard— — — — — — 10 12 
Total2,420 1,681 1,454 275 41 225 2,465 16 8,577 
Gross charge-offs21 20 14 — — 72 
Total loans$260,403 $299,782 $496,016 $272,066 $192,541 $380,263 $166,273 $4,075 $2,071,419 
Total gross charge-offs$52 $622 $746 $181 $99 $152 $21 $— $1,873 
v3.25.4
PREMISES AND EQUIPMENT
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
PREMISES AND EQUIPMENT PREMISES AND EQUIPMENT
Premises and equipment as of December 31, 2025 and 2024 are as follows (in thousands):
 20252024
Land$4,298 $4,298 
Buildings39,602 39,462 
Projects in progress11 78 
Equipment and furniture37,251 36,975 
Leasehold improvements5,701 5,726 
 86,863 86,539 
Less accumulated depreciation and amortization71,462 70,164 
Net book value$15,401 $16,375 
Depreciation expense was $1.9 million and $1.8 million for 2025 and 2024, respectively.

In July 2024, after receiving required approvals from the FRBNY and the NYSDFS, the Corporation announced the closure of its branch at 806 West Buffalo Street, Ithaca, New York, ("Ithaca Station") effective November 15, 2024. Management determined to classify the property as held for sale as of December 31, 2024, pursuant to the requirements of ASC 360 - Property, Plant, and Equipment. At the initial held for sale measurement date, the disposal group’s (held for sale property's) carrying value was $0.7 million, compared to an appraised value less selling costs of $1.3 million, therefore the held for sale property was initially measured at $0.7 million. As of December 31, 2024, $0.7 million was included in the line item premises and equipment, net, on the Corporation’s Consolidated Balance Sheets related to this held for sale asset. The proceeds from the sale totaled $1.3 million, resulting in the recognition of a $0.6 million gain during the year ended December 31, 2025.


Finance Leases

The Corporation leases certain buildings under finance leases. The lease arrangements require monthly payments through 2044.

The Corporation has included these finance leases in premises and equipment as follows:
 20252024
Buildings$6,507 $6,507 
Accumulated amortization(3,615)(3,236)
Net book value$2,892 $3,271 
v3.25.4
LEASES
12 Months Ended
Dec. 31, 2025
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 December 31, 2025, the weighted average remaining lease term was 6.11 years with a weighted average discount rate of 3.53%. Rent expense was $1.0 million for each of the years ended December 31, 2025 and 2024. 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 as of December 31, 2025 and December 31, 2024 classified as operating leases consist of the following (in thousands):
20252024
Operating lease right-of-use asset$5,446 $5,648 
Less: accumulated amortization(771)(772)
Add: lease modifications80 570 
Operating lease right-of-use-assets, net$4,755 $5,446 

The following is a schedule by year of the undiscounted cash flows of the operating lease liabilities, excluding CAM charges, as of December 31, 2025 (in thousands):
YearAmount
2026$965 
2027977 
2028845 
2029830 
2030705 
2031 and thereafter1,163 
Total minimum lease payments5,485 
Less: amount representing interest(548)
Present value of net minimum lease payments$4,937 

As of December 31, 2025, the Corporation had no operating leases that were signed, but had not yet commenced.

Finance Leases
The Corporation leases certain buildings under finance leases. In May, 2024, the Corporation added $0.9 million in right-of-use assets and finance lease liabilities. The lease arrangements require monthly payments through 2044. As of December 31, 2025, the weighted average remaining lease term was 10.73 years with a weighted average discount rate of 4.08%. The Corporation has included these leases in premises and equipment as of December 31, 2025 and December 31, 2024.
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 December 31, 2025 (in thousands):
YearAmount
2026$502 
2027505 
2028505 
2029511 
2030318 
2031 and thereafter2,119 
Total minimum lease payments4,460 
Less: amount representing interest(1,016)
Present value of net minimum lease payments$3,444 

As of December 31, 2025, the Corporation had no finance leases that were signed, but had not yet commenced.

Subsequent to December 31, 2025, the Corporation signed lease agreements for a branch in West Seneca and a representative office in Buffalo.
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 December 31, 2025, the weighted average remaining lease term was 6.11 years with a weighted average discount rate of 3.53%. Rent expense was $1.0 million for each of the years ended December 31, 2025 and 2024. 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 as of December 31, 2025 and December 31, 2024 classified as operating leases consist of the following (in thousands):
20252024
Operating lease right-of-use asset$5,446 $5,648 
Less: accumulated amortization(771)(772)
Add: lease modifications80 570 
Operating lease right-of-use-assets, net$4,755 $5,446 

The following is a schedule by year of the undiscounted cash flows of the operating lease liabilities, excluding CAM charges, as of December 31, 2025 (in thousands):
YearAmount
2026$965 
2027977 
2028845 
2029830 
2030705 
2031 and thereafter1,163 
Total minimum lease payments5,485 
Less: amount representing interest(548)
Present value of net minimum lease payments$4,937 

As of December 31, 2025, the Corporation had no operating leases that were signed, but had not yet commenced.

Finance Leases
The Corporation leases certain buildings under finance leases. In May, 2024, the Corporation added $0.9 million in right-of-use assets and finance lease liabilities. The lease arrangements require monthly payments through 2044. As of December 31, 2025, the weighted average remaining lease term was 10.73 years with a weighted average discount rate of 4.08%. The Corporation has included these leases in premises and equipment as of December 31, 2025 and December 31, 2024.
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 December 31, 2025 (in thousands):
YearAmount
2026$502 
2027505 
2028505 
2029511 
2030318 
2031 and thereafter2,119 
Total minimum lease payments4,460 
Less: amount representing interest(1,016)
Present value of net minimum lease payments$3,444 

As of December 31, 2025, the Corporation had no finance leases that were signed, but had not yet commenced.

Subsequent to December 31, 2025, the Corporation signed lease agreements for a branch in West Seneca and a representative office in Buffalo.
v3.25.4
GOODWILL AND INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2025
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 years ended December 31, 2025 and 2024 were as follows (in thousands):
 20252024
Beginning of year$21,824 $21,824 
Acquired goodwill— — 
End of year$21,824 $21,824 

As of December 31, 2025 and 2024, all acquired intangible assets, $6.0 million of core deposit intangibles and $5.6 million of other customer relationship intangibles, were fully amortized.
There is no aggregate amortization expense for 2025 and 2024. There is no remaining estimated aggregate amortization expense as of December 31, 2025
v3.25.4
DEPOSITS
12 Months Ended
Dec. 31, 2025
Deposits [Abstract]  
DEPOSITS DEPOSITS
A summary of deposits as of December 31, 2025 and 2024 is as follows (in thousands):
 20252024
Non interest-bearing demand deposits$624,532 $625,762 
Interest-bearing demand deposits326,645 306,536 
Insured money market deposits 601,391 595,123 
Savings deposits254,490 245,550 
Certificates of deposits $250,000 or less339,320 401,563 
Certificates of deposits greater than $250,00098,714 101,125 
Brokered deposits (1)
— 92,159 
Other time deposits (2)
25,582 29,065 
  Total$2,270,674 $2,396,883 
(1) Brokered deposits which are individually $250,000 and under.
(2) Includes Individual Retirement Accounts and Christmas Club Accounts.

Total customer deposits include reciprocal balances from checking, insured money market deposits, and CDs received from participating banks in nationwide deposit networks as a result of our customers electing to participate in Corporate offered ICS/CDARS programs allowing enhanced FDIC insurance protection. In general, the equivalent of the customers' original deposited funds comes back to the Corporation and are carried within the time deposits category. The Bank may also utilize one way brokered deposits as a component of its wholesale funding strategy, allowing for additional liquidity without increasing concentration risk.

Scheduled maturities of time deposits as of December 31, 2025, are summarized as follows (in thousands):
YearMaturities
2026$445,122 
202712,899 
20284,497 
2029386 
2030694 
2031 and thereafter18 
  Total$463,616 


Time deposits that meet or exceed the FDIC Insurance limit of $250 thousand as of December 31, 2025 and 2024 were $102.1 million and $107.6 million, respectively.
v3.25.4
FEDERAL HOME LOAN BANK TERM ADVANCES AND OTHER BORROWINGS
12 Months Ended
Dec. 31, 2025
Advance from Federal Home Loan Bank [Abstract]  
FEDERAL HOME LOAN BANK TERM ADVANCES AND OTHER BORROWINGS FEDERAL HOME LOAN BANK TERM ADVANCES AND OTHER BORROWINGS
FHLBNY overnight advances totaled $87.1 million and $109.1 million as of December 31, 2025 and 2024, respectively. The Corporation held no fixed rate term advances as of December 31, 2025 and 2024, respectively.


The following is a summary of FHLBNY overnight advances as of December 31, 2025 and 2024. The carrying amount includes the advance balance (in thousands):
20252024
AmountRateAmountRate
$87,110 3.96 %$109,110 4.69 %

The Bank has pledged $255.1 million and $244.6 million of residential mortgage and home equity loans under a blanket lien arrangement as of December 31, 2025 and 2024, respectively, as collateral for future borrowings. Based on this collateral, the Bank's unused borrowing capacity at the FHLBNY was $91.4 million as of December 31, 2025.

The Bank had $65.0 million in total capacity under unsecured federal funds lines of credit with four correspondent financial institutions as of December 31, 2025, none of which was utilized as of December 31, 2025. Federal funds purchased from correspondent banks mature in one business day and reprice daily based on the federal funds rate.

The following table summarizes the Corporation's subordinated notes outstanding as of December 31, 2025 (in thousands):

2025
AmountRateMaturity Date
$44,028 7.75 %June 15, 2035
On June 10, 2025, the Corporation issued $45.0 million of 7.75% fixed-to-floating rate subordinated notes due June 15, 2035 in a private offering (the "Notes"). The Notes bear interest at a fixed rate of 7.75% per year, payable semi-annually, for the first five years. From June 15, 2030 to the June 15, 2035 maturity date, the interest rate will adjust to a floating rate equal to a benchmark rate which is expected to be the then-current three-month term SOFR plus 415 basis points, payable quarterly. If the then three-month term SOFR is below zero, the three-month term SOFR for the note will be deemed zero. The Notes constitute unsecured and subordinated obligations of the Corporation and rank junior in right of payment to any senior indebtedness and obligations to general and secured creditors. Subject to limited exceptions, the Corporation cannot redeem the Notes before the fifth anniversary of the issuance date. Proceeds, net of debt issuance costs of $1.0 million, were $44.0 million. The Notes qualify at the holding company level as Tier 2 capital under the capital guidelines of the Federal Reserve Board, when applicable.
Total interest expense on the Corporation's subordinated debt for the year ended December 31, 2025 totaled $2.0 million.
v3.25.4
REVENUE FROM CONTRACTS WITH CUSTOMERS
12 Months Ended
Dec. 31, 2025
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 years ended December 31, 2025 and 2024 (in thousands). Items outside the scope of ASC 606 are noted as such.
Year ended December 31, 2025
Revenue by Operating Segment:
Core Banking (b)
WMGHolding Company and CFSTotal
Non-interest income
Service charges on deposit accounts
         Overdraft fees$2,862 $— $— $2,862 
         Other1,565 — — 1,565 
Interchange revenue from debit card transactions4,302 — — 4,302 
WMG fee income— 11,945 — 11,945 
CFS fee and commission income— — 1,176 1,176 
Net gains (losses) on sales of OREO— — 
Net gains on sales of loans(a)
261 — — 261 
Net (losses) on sales of securities(a)
(17,498)— — (17,498)
Loan servicing fees(a)
149 — — 149 
Change in fair value of equity securities(a)
202 — 211 
Income from bank-owned life insurance(a)
32 — — 32 
Other(a)
2,938 — — 2,938 
Total non-interest income$(5,185)$11,945 $1,185 $7,945 
(a) Not within scope of ASC 606.
(b) The Core Banking column above includes amounts to eliminate transactions between segments.


Year ended December 31, 2024
Revenue by Operating Segment:
Core Banking (b)
WMGHolding Company and CFSTotal
Non-interest income
Service charges on deposit accounts
         Overdraft fees$2,997 $— $— $2,997 
         Other1,045 — — 1,045 
Interchange revenue from debit card transactions4,426 — — 4,426 
WMG fee income— 11,573 — 11,573 
CFS fee and commission income— — 1,054 1,054 
Net gains (losses) on sales of OREO(18)— — (18)
Net gains on sales of loans(a)
214 — — 214 
Loan servicing fees(a)
144 — — 144 
Change in fair value of equity securities(a)
203 — (24)179 
Income from bank-owned life insurance(a)
38 — — 38 
Other(a)
1,578 — — 1,578 
Total non-interest income$10,627 $11,573 $1,030 $23,230 
(a) Not within scope of ASC 606.
(b) The Core Banking 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 Revenue 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 cardholders.
WMG Fee Income (Gross): The Corporation earns wealth management fees from its contracts with trust 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).
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.
Net Gains/Losses on Sales of OREO: The Corporation records a gain or loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. When the Corporation finances the sale of OREO to the buyer, the Corporation assesses whether the buyer is committed to perform their obligations under the contract and whether collectability of the transaction price is probable. Once these criteria are met, the OREO asset is derecognized and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer. In determining the gain or loss on the sale, the Corporation adjusts the transaction price and related gain (loss) on sale if a significant financing component is present.
v3.25.4
DERIVATIVES
12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVES DERIVATIVES
As part of the Corporation's product offerings, the Corporation acts as an interest rate swap counterparty for certain commercial borrowers in the normal course of providing services to customers. The interest rate swap agreements are free-standing derivatives and are recorded at fair value in the Corporation's Consolidated Balance Sheets. The Corporation manages its exposure to such interest rate swaps by entering into corresponding and offsetting interest rate swaps with third parties which mirror the terms of the interest rate swaps entered into with the commercial borrowers. These positions directly offset each other and the Corporation's exposure is the fair value of the derivatives due to potential changes in credit risk of our commercial borrowers and third parties. The Corporation also enters into risk participation agreements with lead banks on commercial loans in which it participates. The Corporation receives an upfront fee for participating in the credit exposure of the interest rate swap associated with the commercial loan in which it is a participant and the fee received is recognized immediately in other non-interest income. The Corporation is exposed to its share of the credit loss equal to the fair value of the interest rate swap in the event of nonperformance by the counterparty of the interest rate swap. The Corporation determines the fair value of the credit loss exposure using an estimated credit default rate based on the historical performance of similar assets.
The notional amount of an interest rate swap does not represent amounts exchanged by the parties. The amount exchanged is determined by reference to the notional amount and the other terms of the individual interest rate swap agreement. As of December 31, 2025, the Corporation held derivatives not designated as hedging instruments with a total notional amount of $899.1 million. Derivatives not designated as hedging instruments included back-to-back interest rate swaps of $869.4 million, consisting of $434.7 million of interest rate swaps with commercial borrowers and an additional $434.7 million of offsetting interest rate swaps with third-party counterparties on substantially the same terms, and risk participation agreements with lead banks of $29.7 million. Free-standing derivatives are not designated as hedges for accounting purposes and are therefore recorded at fair value with changes in fair value recorded in other non-interest income.
Accrued interest receivable and payable related to these swaps of $0.4 million and $0.5 million, respectively, is included in other assets and liabilities in the Corporation's Consolidated Balance Sheets as of December 31, 2025 and 2024.
The following table presents information regarding derivative financial instruments, as of December 31:
2025
Derivatives not designated as hedging instruments:Number of InstrumentsNotional AmountWeighted Average Maturity
(in years)
Weighted Average Interest Rate ReceivedWeighted Average Contract Pay RateFair Value
Interest rate swap agreements on loans with commercial loan customers66$434,703 4.64.88%5.77%$(11,362)
Interest rate swap agreements with third-party counter-parties66434,703 4.65.77%4.88%11,244 
Risk participation agreements629,669 6.0(14)
Total138$899,075 $(132)

2024
Derivatives not designated as hedging instruments:Number of InstrumentsNotional AmountWeighted Average Maturity
(in years)
Weighted Average Interest Rate ReceivedWeighted Average Contract Pay RateFair Value
Interest rate swap agreements on loans with commercial loan customers51$340,117 5.54.53 %6.37 %$(23,411)
Interest rate swap agreements with third-party counter-parties51340,117 5.56.37 %4.53 %23,395 
Risk participation agreements522,988 7.8(6)
Total107$703,222 $(22)

There was $0.4 million and $0.1 million of off-balance sheet exposure for the risk participation agreements as of December 31, 2025 and 2024, respectively.

Amounts included in the Consolidated Statements of Income related to derivatives not designated as hedging instruments were as follows:
Years Ended December 31,
Derivatives not designated as hedging instruments:
20252024
Interest rate swap agreements with commercial loan customers:
   Unrealized (loss) recognized in non-interest income$12,049 $(4,056)
Interest rate swap agreements with third-party counter-parties:
   Unrealized gain recognized in non-interest income(12,151)4,079 
Risk participation agreements:
   Unrealized gain (loss) recognized in non-interest income(8)(6)
Unrealized gain (loss) recognized in non-interest income$(110)$17 
v3.25.4
INCOME TAXES
12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
For the years ended December 31, 2025 and 2024, income tax expense attributable to income from operations consisted of the following (in thousands):
20252024
Current expense:
Federal$6,875 $4,877 
State630 416 
Total current7,505 5,293 
Deferred expense/(benefit):
Federal(2,938)1,029 
State(556)92 
Establishment of valuation allowance821 — 
Total deferred(2,673)1,121 
Income tax expense$4,832 $6,414 

The Corporation had no income taxes in foreign jurisdictions for the years ended December 31, 2025 and 2024.
Income tax expense differed from the amounts computed by applying the U.S. Federal statutory income tax rate to income before income tax expense as follows (in thousands, except percentages):
2025
AmountsPercentages
Income taxes at the U.S. federal statutory tax rate$4,187 21.0 %
State and local income taxes, net of federal income tax impact (a) 134 0.7 %
Changes in valuation allowances745 3.7 %
Nontaxable or nondeductible items
Municipal interest income(360)(1.8)%
Other91 0.5 %
Other adjustments35 0.1 %
Total$4,832 24.2 %
(a) State taxes in New York made up the majority (greater than 50 percent) of the tax effect in this category.
Income tax expense differed from the amounts computed by applying the U.S. Federal statutory income tax rate to income before income tax expense as follows (in thousands) in accordance with the guidance prior to the adoption of ASU 2023-09:
 2024
Statutory federal tax rate21 %
Tax computed at statutory rate$6,318 
Increase (reduction) resulting from:
Tax-exempt income(528)
Dividend exclusion(10)
State taxes, net of Federal impact437 
Nondeductible interest expense51 
Other items, net146 
Income tax expense$6,414 
Effective tax rate21.3 %
For the year ended December 31, 2025, the Corporation made the following income tax payments, net of refunds received:
2025
U.S. federal taxes$5,950 
State and local taxes
New York398 
Total income taxes paid$6,348 

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of December 31, 2025 and 2024, are presented below (in thousands):
Deferred tax assets:
20252024
Allowance for credit losses$6,534 $5,858 
Depreciation1,334 1,122 
Deferred compensation and directors' fees1,656 1,444 
Operating lease liabilities1,253 1,435 
Purchase accounting adjustment – fixed assets154 154 
Net unrealized losses on securities available for sale12,484 22,487 
Defined benefit pension and other benefit plans448 527 
Nonaccrued interest381 381 
Accrued expense52 74 
Capital loss carryforward2,694 — 
Other items, net114 135 
Total gross deferred tax assets27,104 33,617 
Deferred tax liabilities:
Deferred loan fees and costs1,054 1,220 
Prepaid pension4,268 4,283 
Discount accretion195 163 
Core deposit intangible1,847 1,821 
REIT dividend1,107 775 
Operating lease right-of-use assets1,253 1,435 
Accrual for employee benefit plans15 11 
Other items, net285 241 
Total gross deferred tax liabilities10,024 9,949 
Valuation allowance821 — 
Net deferred tax asset$16,259 $23,668 

Realization of deferred tax assets is dependent upon the generation of future taxable income. A valuation allowance is recognized when it is more likely than not that some portion of the deferred tax assets will not be realized. In assessing the need for a valuation allowance, management considers the scheduled reversal of the deferred tax assets, the level of historical taxable income and projected future taxable income over the periods in which the temporary differences comprising the deferred tax assets will be deductible. 

The sale of available for sale securities during the second quarter of 2025 resulted in a net loss of $17.5 million and occurred at the Bank, as well as the Corporation's REIT Entity. Under IRC Sec. 582(c)(1), in the case of banks, the sale or exchange of a bond, debenture, note or certificate or other evidence of indebtedness shall not be considered a sale or exchange of a capital asset. Therefore, the loss from the sale of securities at the Bank is considered ordinary in nature. However, the REIT is not considered a "bank" under IRC Sec. 582(c) and therefore, a sale of securities at the REIT are considered capital in nature. The capital loss amount of $11.5 million (gross) attributable to the REIT and represented a $2.7 million deferred tax asset subject to
a 5-year carryforward limitation. Based on its assessment during the fourth quarter of 2025, management determined to establish a valuation allowance against its deferred tax asset associated with the capital loss in the amount of $821 thousand.
The Corporation’s current tax planning strategies include the planned sale of appreciated investment securities and loans from the REIT entity. These transactions are intended to generate future capital gains sufficient to utilize the capital loss carryforward prior to its expiration. Management has demonstrated both the ability and intent to execute these strategies in a timely and economically feasible manner.
After detailed review, including various scenarios of changes in market interest rates, while the Corporation’s management has demonstrated the ability and intent to implement these prudent and reasonable actions, management determined that it is more likely than not that a portion of the deferred assets, including the capital loss carryforward, will not be realized. Further, management will continue to monitor all available positive and negative evidence on at least a quarterly basis, consistent with ASC 740, and will promptly adjust the valuation allowance assessment if facts and circumstances change materially.
As of December 31, 2025 and 2024, the Corporation did not have any unrecognized tax benefits.
The Corporation accounts for interest and penalties related to uncertain tax positions as part of its provision for Federal and State income taxes. As of December 31, 2025 and 2024, the Corporation did not accrue any interest or penalties related to its uncertain tax positions.
The Corporation is not currently subject to examinations by Federal taxing authorities for the years prior to 2022 and for New York State taxing authorities for the year prior to 2022. New York State taxing authorities recently completed audits of the Corporation for the years 2018, 2019, and 2020. There were no adjustments as a result of the New York State audits.
v3.25.4
PENSION PLAN AND OTHER BENEFIT PLANS
12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
PENSION PLAN AND OTHER BENEFIT PLANS PENSION PLAN AND OTHER BENEFIT PLANS
Pension Plan

The Corporation has a noncontributory defined benefit pension plan covering certain employees. The plan's defined benefit formula generally based payments to retired employees upon their length of service multiplied by a percentage of the average monthly pay over the last five years of employment.

New employees hired on or after July 10, 2010 were not eligible to participate in the plan, however, existing participants at that time continued to accrue benefits. On October 20, 2016, the Corporation amended its noncontributory defined benefit pension plan (“pension plan”) to freeze future retirement benefits after December 31, 2016. Beginning on January 1, 2017, both the pay-based and service-based component of the formula used to determine retirement benefits in the pension plan were frozen so that participants will no longer earn further retirement benefits.

The Corporation uses a December 31 measurement date for its pension plan.

The following table presents (1) changes in the plan's projected benefit obligation and plan assets, and (2) the plan's funded status as of December 31, 2025 and 2024 (in thousands):

Change in projected benefit obligation:20252024
Benefit obligation at beginning of year$29,169 $31,023 
Service cost— — 
Interest cost1,590 1,531 
Actuarial (gain) loss883 (1,133)
Curtailments— — 
Settlements— — 
Benefits paid(2,274)(2,252)
Benefit obligation at end of year$29,368 $29,169 

Change in plan assets:20252024
Fair value of plan assets at beginning of year$48,107 $46,950 
Actual return on plan assets3,549 3,409 
Employer contributions— — 
Settlements— — 
Benefits paid(2,274)(2,252)
Fair value of plan assets at end of year$49,382 $48,107 
Funded status$20,014 $18,938 

Amount recognized in accumulated other comprehensive income (loss) as of December 31, 2025 and 2024 consist of the following (in thousands):
 20252024
Net actuarial loss$1,379 $1,936 
Prior service cost— — 
Total before tax effects$1,379 $1,936 

The accumulated benefit obligation as of December 31, 2025 and 2024 was $29.4 million and $29.2 million, respectively.

Actuarial losses in the Projected Benefit Obligation (PBO) in 2025 were primarily the result of the decrease in discount rate. The decrease in discount rate caused the PBO to increase by $0.6 million. Other sources of gain/loss such as plan experience, updated census data and minor adjustments to actuarial assumptions generated a combined loss of approximately 1.0% of expected year end obligations.
The principal actuarial assumptions used in determining the projected benefit obligation as of December 31, 2025 and 2024 were as follows:
 20252024
Discount rate5.40 %5.63 %
Assumed rate of future compensation increaseN/AN/A
Weighted-average interest crediting rateN/AN/A

Components of net periodic benefit cost and other amounts recognized in other comprehensive income (loss) in 2025 and 2024 consist of the following (in thousands):

Net periodic benefit cost20252024
Service cost, benefits earned during the year$— $— 
Interest cost on projected benefit obligation1,590 1,531 
Expected return on plan assets(2,109)(2,517)
Amortization of net loss— — 
Amortization of  prior service cost— — 
Recognized (gain) loss due to settlements— — 
Net periodic cost (benefit)$(519)$(986)

Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss):20252024
Net actuarial (gain) loss$(557)$(2,025)
Recognized loss— — 
Amortization of prior service cost— — 
Total recognized in other comprehensive income (loss) (before tax effect)$(557)$(2,025)
Total recognized in net (benefit) cost and other comprehensive income (loss) (before tax effect)$(1,076)$(3,011)

During 2025, the plan's total unrecognized net loss decreased by $0.6 million. The variance between the actual and expected return on plan assets during 2025 decrease the total unrecognized net loss by $1.4 million. Because the total unrecognized net gain or loss is less than the greater of 10% of the projected benefit obligation or 10% of the plan assets, no amortization is necessary. As of January 1, 2025, the average expected future life expectancy of plan participants was 21.29 years. Actual results for 2026 will depend on the 2026 actuarial valuation of the plan.

The principal actuarial assumptions used in determining the net periodic benefit cost for the years ended December 31, 2025, 2024 were as follows:
 20252024
Discount rate5.63 %5.07 %
Expected return on assets4.50 %5.50 %
Assumed rate of future compensation increaseN/AN/A
Weighted-average interest crediting rateN/AN/A
The discount rate was determined by projecting the plan's expected future benefit payments as defined for the projected benefit obligation, discounting those expected payments using a theoretical zero-coupon spot yield curve derived from a universe of high-quality bonds as of the measurement date, and solving for he single equivalent discount rate that resulted in the same projected benefit obligation. A 1% increase/(decrease) in the discount rate would have increased/(decreased) the net pension cost for 2025 by $120,000/$(133,000) and (decreased)/increased the year-end projected benefit obligation by $(2.4)/$2.8 million. The change in unrecognized net gain/loss is one measure of the degree to which important assumptions have coincided with actual experience. During 2025 the unrecognized net loss decreased by 1.9% of the December 31, 2024 projected benefit obligation.
The Corporation changes important assumptions whenever conditions warrant changes. As of December 31, 2025 and December 31, 2024, the Corporation used the Society of Actuaries PRI-2012 Private Retirement Plans Mortality Table with Mortality Improvement Scale MP-2021 as a basis for the Plan's valuation. The discount rate is evaluated at least annually and the expected long-term return on plan assets will typically be revised every three to five years, or as conditions warrant. 
The Corporation's overall investment strategy is to achieve a mix of investments that protects the value of plan assets while facilitating near-term benefit payments with a diversification of asset types. The target allocations for plan assets are shown in the table below. Equity securities primarily include investments in common shares of both U.S. and international companies. Debt securities include U.S. Treasury and Government bonds as well as U.S. Corporate bonds. Other investments may consist of mutual funds, exchange-traded funds, money market funds and cash & cash equivalents. While no significant changes in the asset allocations are expected during 2026, the Corporation may make changes at any time.

The expected return on plan assets was determined based on a CAPM using historical and expected future returns of the various asset classes, reflecting the target allocations described below.
Asset ClassTarget Allocation 2025Percentage of Plan Assets as of December 31,Expected Long-Term Rate of Return
  20252024 
Large cap domestic equities
0% - 30%
17 %15 %12.5 %
Mid-cap domestic equities
0% - 6%
%— %10.0 %
Small-cap domestic equities
0% - 5%
%— %8.8 %
International equities
0% - 6%
%— %6.8 %
Emerging market equities
0% - 5%
%— %4.2 %
Intermediate fixed income
60% - 100%
74 %69 %2.7 %
Alternative assets
0% - 15%
— %— %— %
Cash
0% - 25%
%16 %1.6 %
Total 100 %100 % 

The investment policy of the plan is to provide for stability in the value of plan assets and current income production without undue exposure to risk. The Corporation maintains an Investment Policy Statement (IPS) that guides the investment allocation in the plan. The IPS describes the target asset allocation positions as shown in the table above.
The Corporation has appointed an Employee Pension and Profit Sharing Committee to manage the general philosophy, objectives and process of the plan. The Employee Pension and Profit Sharing Committee meets with the Investment Manager periodically to review the plan's performance and to ensure that the current investment allocation is within the guidelines set forth in the IPS. Only the Employee Pension and Profit Sharing Committee, in consultation with the Investment Manager, can make adjustments to maintain target ranges and for any permanent changes to the IPS. Quarterly, the Board of Directors' Trust and Employee Benefits Committee reviews the performance of the plan with the Investment Manager.
As of December 31, 2025 and 2024, the Corporation's pension plan did not hold any direct investment in the Corporation's common stock.
The Corporation used the following methods and significant assumptions to estimate the fair value of each type of financial instrument held by the pension plan:
Fair value is the exchange price that would be received for an asset in the principal or most advantageous market for the asset in an orderly transaction between market participants on the measurement date. The fair value hierarchy described below requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.
The fair values for investment securities are determined by quoted market prices, if available (Level 1). For securities where quoted prices are not available, fair values are calculated based on market prices of similar securities (Level 2). 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).
Discounted cash flows are calculated using spread and optionality. During times when trading is more liquid, broker quotes are used (if available) to validate the model. Rating agency and industry research reports as well as defaults and deferrals on individual securities are reviewed and incorporated into the calculations.
The fair value of the plan assets as of December 31, 2025 and 2024, by asset class are as follows (in thousands):
Fair Value Measurement as of December 31, 2025 Using
Plan AssetsCarrying ValueQuoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Cash$2,780 $2,780 $— $— 
Equity securities:    
U.S. companies2,859 2,859 — — 
International companies107 107 — — 
Mutual funds41,664 41,664 — — 
Debt securities:    
U.S. Treasuries/Government bonds1,972 1,972 — — 
U.S. Corporate bonds— — — — 
Total plan assets$49,382 $49,382 $— $— 

Fair Value Measurement as of December 31, 2024 Using
Plan AssetsCarrying ValueQuoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Cash$7,577 $7,577 $— $— 
Equity securities:    
U.S. companies— — — — 
International companies— — — 
Mutual funds38,620 38,620 — — 
Debt securities:    
U.S. Treasuries/Government bonds1,910 1,910 — — 
U.S. Corporate bonds— — — — 
Foreign bonds, notes & debentures— — — — 
Total plan assets$48,107 $48,107 $— $— 

The following table presents the estimated benefit payments for each of the next five years and the aggregate amount expected to be paid in years six through ten for the pension plan (in thousands):
Calendar YearFuture Expected Benefit Payments
2026$2,482 
2027$2,478 
2028$2,433 
2029$2,395 
2030$2,358 
2031-2035$11,082 
The Corporation does not expect to contribute to the plan during 2026. Funding requirements for subsequent years are uncertain and will significantly depend on changes in assumptions used to calculate plan funding levels, the actual return on plan assets, changes in the employee groups covered by the plan, and any legislative or regulatory changes affecting plan funding requirements. For tax planning, financial planning, cash flow management or cost reduction purposes the Corporation may increase, accelerate, decrease or delay contributions to the plan to the extent permitted by law.

Defined Contribution Profit Sharing, Savings and Investment Plan

On October 20, 2016, the Bank amended its defined contribution profit sharing, savings, and investment plan for all active participants to supersede the current contribution formula used by the Plan, which included eliminating the 1000 hours of service requirement to participate in employer contributions. Beginning on January 1, 2017, the Bank began contributing a non-discretionary 3% of gross annual wages for each participant, regardless of the participant’s deferral, and eliminated discretionary contributions for participants hired prior to July 1, 2010. Additionally, beginning January 1, 2017 the Bank began contributing a 50% match up to 6% of gross annual wages.
Expense related to these plans totaled $1.6 million for the years ended December 31, 2025 and 2024. The plan's assets as of December 31, 2025 and 2024 include 95,292 and 112,006 shares, respectively, of Chemung Financial Corporation common stock, as well as other common and preferred stocks, U.S. Government securities, corporate bonds and notes, and mutual funds.

Defined Benefit Health Care Plan

On October 20, 2016, the Corporation amended its defined benefit health care plan to not allow any new retirees into the plan, effective January 1, 2017. The effects of this freeze are reflected in the defined benefit health care plan disclosures as of December 31, 2017.
The Corporation uses a December 31 measurement date for its defined benefit health care plan.

The following table presents (1) changes in the plan's accumulated postretirement benefit obligation and (2) the plan's funded status as of December 31, 2025 and 2024 (in thousands):
Changes in accumulated postretirement benefit obligation:20252024
Accumulated postretirement benefit obligation - beginning of year$87 $76 
Service cost— — 
Interest cost
Participant contributions16 17 
Amendments— — 
Actuarial (gain) loss14 40 
Benefits paid(50)(51)
Accumulated postretirement benefit obligation at end of year$72 $87 

Change in plan assets:20252024
Fair value of plan assets at beginning of year$— $— 
Employer contribution34 34 
Plan participants’ contributions16 17 
Benefits paid(50)(51)
Fair value of plan assets at end of year$— $— 
Unfunded status$(72)$(87)
Amount recognized in accumulated other comprehensive income (loss) as of December 31, 2025 and 2024 consist of the following (in thousands):
 20252024
Net actuarial loss$119 $123 
Prior service credit— — 
Total before tax effects$119 $123 

Weighted-average assumption for disclosure as of December 31:20252024
Discount rate
5.40%
5.63%
Assumed rate of future compensation increaseN/AN/A
Health care cost trend: Initial (Pre-65/Post 65)
9.00% / 8.50%
7.50% / 6.50%
Health care cost trend: Ultimate (Pre-65/Post 65)
4.75% / 4.75%
4.75% / 4.75%
Year ultimate cost trend reached2037 / 20362033 / 2032

The components of net periodic postretirement benefit cost for the years ended December 31, 2025 and 2024 are as follows (in thousands):
Net periodic cost (benefit)20252024
Service cost$— $— 
Interest cost
Expected return on plan assets— — 
Amortization of prior service benefit— — 
Recognized actuarial loss19 19 
Recognized prior service benefit due to curtailments— — 
Net periodic postretirement cost (benefit)$24 $24 

Other changes in plan assets and benefit obligations
  recognized  in other comprehensive income (loss):
20252024
Net actuarial (gain) loss$14 $40 
Recognized actuarial loss(19)(19)
Prior service credit— — 
Amortization of prior service benefit— — 
Total recognized in other comprehensive income (loss)(before tax effect)$(5)$21 
Total recognized in net benefit cost and other comprehensive income (loss) (before tax effect)$19 $45 

Actuarial loss for 2025 is primarily the net impact of a decrease in discount rate, which increased the Accumulated Postretirement Benefit Obligation (APBO) by $1 thousand, and the reflection of updated data and claims experience, which increased the APBO by $14 thousand. Amongst the data changes reflected was the death during 2025 of one of the five participants in the plan.

During 2025 the plan's total unrecognized net loss decreased by $4 thousand. Because the total unrecognized net gain or loss in the plan exceeds 10% of the accumulated postretirement benefit obligation, the excess will be amortized over the average future life expectancy of all plan participants. As of January 1, 2025, the average future life expectancy of all plan participants was 6 years. Actual results for 2026 will depend on the 2026 actuarial valuation of the plan.
The change in unrecognized gain/loss is one measure of the degree to which important assumptions have coincided with actual experience. During 2025, the unrecognized net loss decreased by 5% of the December 31, 2024 accumulated postretirement benefit obligation. The Corporation changes important assumptions whenever changing conditions warrant. The discount rate and per capita costs are typically changed at least annually. Other material assumptions include rates of participant mortality and rates of increase in medical costs.
Weighted-average assumptions for net periodic cost as of December 31:20252024
Discount rate
5.63%
5.07%
Expected return on plan assetsN/AN/A
Assumed rate of future compensation increaseN/AN/A
Health care cost trend: Initial
9.25% / 8.75%
7.75% / 6.75%
Health care cost tread: Ultimate
4.75% / 4.75%
4.75% / 4.75%
Year ultimate reached2037 / 20362033 / 2032

The following table presents the estimated benefit payments for each of the next five years and the aggregate amount expected to be paid in years six through ten (in thousands):
Calendar YearFuture Estimated Benefit Payments
2026$11 
2027$11 
2028$10 
2029$10 
2030$
2031-2035$31 

The Corporation’s policy is to contribute the amount required to fund postretirement benefits as they become due to retirees. The amount expected to be required in contributions to the plan during 2026 is $11 thousand.

Executive Supplemental Pension Plan

The Corporation also sponsors an Executive Supplemental Pension Plan for certain former executive officers to restore certain pension benefits that may be reduced due to limitations under the Internal Revenue Code. The benefits under this plan are unfunded as of December 31, 2025 and 2024.

The Corporation uses a December 31 measurement date for its Executive Supplemental Pension Plan.

The following table presents Executive Supplemental Pension plan status as of December 31, 2025 and 2024 (in thousands):
Change in projected benefit obligation:20252024
Benefit obligation at beginning of year$859 $924 
Service cost— — 
Interest cost45 44 
Actuarial (gain) loss18 — 
Benefits paid(109)(109)
Projected benefit obligation at end of year$813 $859 

Changes in plan assets:20252024
Fair value of plan assets at beginning of year$— $— 
Employer contributions109 109 
Benefits paid(109)(109)
Fair value of plan assets at end of year$— $— 
Unfunded status$(813)$(859)
Amounts recognized in accumulated other comprehensive income (loss) as of December 31, 2025 and 2024 consist of the following (in thousands):
 20252024
Net actuarial loss$199 $192 
Prior service cost— — 
Total before tax effects$199 $192 

Accumulated benefit obligation was $0.8 million and $0.9 million as of December 31, 2025 and 2024, respectively.

Weighted-average assumption for disclosure as of December 31:20252024
Discount rate5.40 %5.63 %
Assumed rate of future compensation increaseN/AN/A
Weighted-average interest crediting rateN/AN/A

The components of net periodic benefit cost for the years ended December 31, 2025 and 2024 are as follows (in thousands):
Net periodic benefit cost20252024
Service cost$— $— 
Interest cost45 44 
Recognized actuarial loss11 11 
Net periodic postretirement benefit cost$56 $55 

Other changes in plan assets and benefit obligation recognized in other comprehensive income (loss):20252024
Net actuarial (gain) loss$18 $— 
Recognized actuarial loss(11)(11)
Total recognized in other comprehensive income (loss) (before tax effect)$$(11)
Total recognized in net benefit cost and other comprehensive income (loss) (before tax effect)$63 $44 

During 2025, there was a $11 thousand increase in the projected benefit obligation as a result of the decrease in discount rate. There was also a $7 thousand increase in PBO due to participant mortality (longevity) experience. There were no other significant sources of gain or loss during 2025.
During 2025, the plan's total unrecognized net loss increased by $7 thousand. Because the total unrecognized net gain or loss exceeds the greater of 10% of the projected benefit obligation or 10% of the plan assets, the excess will be amortized over the average future life expectancy of all participants. As of January 1, 2026, the average future life expectancy of plan participants was 9.25 years.
Weighted-average assumptions for net periodic cost as of December 31:20252024
Discount rate5.63 %5.07 %
Expected asset returnN/AN/A
Assumed rate of future compensation increaseN/AN/A
Weighted-average interest crediting rateN/AN/A

The discount rate was determined by projecting the plan's expected future benefit payments as defined for the projected benefit obligation, discounting those expected payments using a theoretical zero-coupon spot yield curve derived from a universe of high-quality bonds as of the measurement date, and solving for the single equivalent discount rate that resulted in the same projected benefit obligation.
The change in unrecognized net gain or loss is one measure of the degree to which important assumptions have coincided with actual experience. During 2025 the unrecognized net loss increased 0.8% of the December 31, 2024 projected benefit obligation.
The following table presents the estimated benefit payments for each of the next five years and the aggregate amount expected to be paid in years six through ten for the Supplemental Pension Plan (in thousands):
Calendar YearFuture Estimated Benefit Payments
2026$106 
2027$100 
2028$94 
2029$88 
2030$82 
2031-2035$328 

Contributions for an unfunded pension plan are equal to the benefit payments being made during the year. The Corporation expects to contribute $109 thousand to the plan during 2026.

Defined Contribution Supplemental Executive Retirement Plan

The Corporation also sponsors a Defined Contribution Supplemental Executive Retirement Plan for certain current executive officers, which was initiated in 2012. The plan is unfunded as of December 31, 2025 and is intended to provide nonqualified deferred compensation benefits payable at retirement, disability, death or certain other events. The accrued obligation for the plan as of December 31, 2025 and 2024 was $4.6 million and $4.0 million, respectively. A total of $0.7 million and $0.7 million was expensed during the years ended December 31, 2025 and 2024, respectively. In addition to each participant's account being credited with the annual company contribution, each account will receive a quarterly interest credit that will be calculated based upon the average yield on five year U.S. Treasury Notes.
v3.25.4
STOCK COMPENSATION
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
STOCK COMPENSATION STOCK COMPENSATION
On June 3, 2025, the Corporation's shareholders approved the Corporation's 2025 Equity Incentive Plan (the "2025 Plan") which provides for the grant of stock-based awards to officers, employees and directors of the Corporation and the Bank. Compensation expense is recognized over the vesting period of the awards based on the fair value of the common stock at issue date. Two grants have been issued under the 2025 Plan. The Corporation's prior plans shall remain in existence solely for the purpose of administering outstanding grants.

Pursuant to the 2025 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 2025 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 2025 Plan may not exceed 160,000, upon which time a new plan may be created.
Total expense related to stock compensation was $1.4 million and $1.2 million in 2025 and 2024, respectively. During 2025 and 2024, a total of 35,455 and 14,396 shares, respectively, were re-issued from treasury to fund stock compensation. Effective for the 2024 fiscal year and thereafter, annual stock compensation is expected to be awarded the second month after the close of the fiscal year for the Corporation's employees and Chief Executive Officer. Annual stock compensation is expected to be awarded the first month after the close of the fiscal year for the members of the Board of Directors. The expense related to these grants is recognized over a one or a five year vesting period.
A summary of restricted stock activity as of December 31, 2025, and changes during the year ended is presented below:
 SharesWeighted–Average Grant Date Fair Value
Nonvested as of December 31, 202449,703 $46.67 
Granted35,455 $50.45 
Vested(27,828)$46.81 
Forfeited or Cancelled(2,130)$47.97 
Nonvested as of December 31, 202555,200 $48.97 

As of December 31, 2025, there was $1.9 million of total unrecognized compensation cost related to nonvested shares granted under the Corporation's equity incentive plans. The cost is expected to be recognized over a weighted-average period of 2.54 years. The total fair value of shares vested during the years ended December 31, 2025 and 2024 were $1.5 million and $1.4 million, respectively.
v3.25.4
RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS
Members of the Board of Directors, certain Corporation officers, and their immediate families directly, or through entities in which they are principal owners (more than 10% interest), were customers of, and had loans and other transactions with the Corporation. These loans are summarized as follows for the years ended December 31, 2025 and 2024 (in thousands):
 20252024
Balance at beginning of year$25,413 $26,058 
New loans or additional advances726 175 
Effect of changes in composition of related parties(31)— 
Repayments(604)(820)
Effect of change in participation3,114 — 
Balance at end of year$28,618 $25,413 


Deposits from principal officers, directors, and their affiliates as of December 31, 2025 and 2024 were $37.9 million and $43.1 million, respectively.

The Corporation issued $3.5 million of its subordinated notes to principal officers, directors, and their affiliates during the year ended December 31, 2025. Interest paid on those notes totaled $139 thousand for the year ended December 31, 2025 and the interest expense on the notes totaled $151 thousand for the year ended December 31, 2025.

The Bank leases its branch located at 2 Rush Street, Schenectady, New York, under a lease agreement through February, 2033 from a member of the Corporation's Board of Directors with monthly rent and CAM expense totaling $9 thousand per month for each of the years ended December 31, 2025 and 2024. Rent and CAM paid to this Board member totaled $110 thousand for each of the years ended December 2025 and 2024.
WMG provided trust services to members of the Board of Directors, certain Corporation officers, and their immediate families directly, or through entities in which they are principal owners. WMG fee income for the trust services provided totaled $0.3 million for the years ended December 31, 2025 and 2024.
v3.25.4
COMMITMENTS AND CONTINGENCIES
12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES
Some financial instruments, such as loan commitments, credit lines, letters of credit, and overdraft protection are issued to meet customer financing needs. These are agreements to provide credit or to support the credit of others, as long as conditions established in the contract are met, and usually have expiration dates. Commitments may expire without being used and off-balance sheet risk of credit loss exists up to the face amount of these instruments. The same credit policies are used to make such commitments as are used for loans, including obtaining collateral at exercise of the commitment.

The following table presents the contractual amounts of financial instruments with off-balance sheet risk as of December 31, 2025 and 2024 (in thousands):
 20252024
 Fixed RateVariable RateFixed RateVariable Rate
Commitments to make loans$12,410 $63,654 $12,025 $67,501 
Unused lines of credit$5,183 $404,939 $4,484 $355,872 
Standby letters of credit$— $18,952 $— $19,180 

Commitments to make residential real estate and home equity loans are generally made for periods of sixty days or less. As of December 31, 2025, the fixed rate residential real estate and home equity commitments to make loans have interest rates ranging from 5.88% to 7.38% and maturities ranging from fifteen years to thirty years. Commitments to fund commercial draw notes are generally made for periods of three months to twenty-four months. As of December 31, 2025, the fixed rate commercial draw commitments have interest rates ranging from 3.25% to 7.88%.
Because many commitments and almost all standby letters of credit expire without being funded in whole or in part, the contract amounts are not estimates of future cash flows. Loan commitments and unused lines of credit have off-balance sheet credit risk because only origination fees are recognized on the Corporation's Consolidated Balance Sheets until commitments are fulfilled or expire. The credit risk amounts are equal to the contractual amounts, assuming the amounts are fully advanced and collateral or other security is of no value. The Corporation does not anticipate losses as a result of these transactions. These commitments also have off-balance sheet interest rate risk in that the interest rate at which these commitments were made may not be at market rates on the date the commitments are fulfilled.
The Corporation maintains an allowance for credit losses on unfunded commitments in accordance with ASU 2016-13, Financial Instruments-Credit Losses (Topic 326). The allowance is based on the same methodology as the Corporation's allowance for credit losses on loans and utilizes credit conversion factors to determine balance sheet equivalents. As of December 31, 2025 and 2024, the allowance for credit losses on unfunded commitments was $0.6 million and $0.8 million, respectively.
The Corporation has issued conditional commitments in the form of standby letters of credit to guarantee payment on behalf of a customer and guarantee the performance of a customer to a third party. Standby letters of credit generally arise in connection with lending relationships. The credit risk involved in issuing these instruments is essentially the same as that involved in extending loans to customers. Contingent obligations under standby letters of credit totaled $19.0 million as of December 31, 2025 and represent the maximum potential future payments the Corporation could be required to make. Typically, these instruments have terms of twelve months or less and expire unused; therefore, the total amounts do not necessarily represent future cash requirements. Each customer is evaluated individually for creditworthiness under the same underwriting standards used for commitments to extend credit and on-balance sheet instruments. Corporation policies governing loan collateral apply to standby letters of credit at the time of credit extension. As of December 31, 2025, there were no outstanding amounts under its standby letters of credit.
In the normal course of business, there are various outstanding claims and legal proceedings involving the Corporation or its subsidiaries. The Corporation believes that it is not a party to any pending legal, arbitration, or regulatory proceedings that could have a material adverse impact on its financial results or liquidity.
v3.25.4
PARENT COMPANY FINANCIAL INFORMATION
12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
PARENT COMPANY FINANCIAL INFORMATION PARENT COMPANY FINANCIAL INFORMATION
Condensed parent company only financial statement information of Chemung Financial Corporation is as follows (investment in subsidiaries is recorded using the equity method of accounting) (in thousands):


BALANCE SHEETS - DECEMBER 3120252024
Assets:
Cash and cash equivalents$6,826 $2,252 
Investment in subsidiary - Chemung Canal Trust Company287,571 209,709 
Investment in subsidiary - CFS Group, Inc.1,552 1,450 
Equity investments, at fair value189 180 
Other assets2,793 1,977 
Total assets$298,931 $215,568 
Liabilities and shareholders' equity:  
Subordinated debt, net$44,028 $— 
Other liabilities194 259 
Total liabilities44,222 259 
Shareholders' equity:  
Total shareholders' equity254,709 215,309 
Total liabilities and shareholders' equity$298,931 $215,568 


STATEMENTS OF INCOME - YEARS ENDED DECEMBER 3120252024
Dividends from subsidiary bank and non-bank$6,325 $1,475 
Interest and dividend income35 
Interest expense2,003 — 
Non-interest income(24)
Non-interest expense377 296 
Income before impact of subsidiaries' undistributed earnings3,962 1,190 
Equity in undistributed earnings of Chemung Canal Trust Company10,381 22,344 
Equity in undistributed earnings of CFS Group, Inc.102 32 
Income before income tax14,445 23,566 
Income tax benefit(659)(105)
Net income$15,104 $23,671 
STATEMENTS OF CASH FLOWS - YEARS ENDED DECEMBER 3120252024
Cash flows from operating activities:
Net Income$15,104 $23,671 
Adjustments to reconcile net income to net cash provided by operating activities:  
Equity in undistributed earnings of Chemung Canal Trust Company(10,381)(22,344)
Equity in undistributed earnings of CFS Group, Inc.(102)(32)
Change in dividend receivable— 1,469 
Amortization of deferred costs on subordinated debt56 — 
Change in other assets(816)(127)
Change in other liabilities(65)235 
Net change in fair value of equity investments(9)24 
Net cash provided by operating activities3,787 2,896 
Cash flow from investing activities:
Downstream of subordinated debt(37,000)— 
Net cash provided by investing activities(37,000)— 
Cash flow from financing activities:  
Cash dividends paid(6,325)(7,365)
Proceeds from subordinated debt issuance, net45,000 — 
Payment of subordinated debt issuance costs(1,028)— 
Purchase of treasury stock(396)(344)
Sale of treasury stock536 430 
Net cash used in financing activities37,787 (7,279)
Increase (decrease) in cash and cash equivalents4,574 (4,383)
Cash and cash equivalents at beginning of year2,252 6,635 
Cash and cash equivalents at end of year$6,826 $2,252 
v3.25.4
FAIR VALUES
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
FAIR VALUES FAIR VALUES
Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants as of 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:
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 non-qualified deferred compensation plan and securities that have a readily determinable fair market value, are recorded with changes in fair value included in earnings. The fair value of equity investments is determined by quoted market prices (Level 1 inputs).

Collateral-Dependent Loans: Individually analyzed loans which receive a specific allocation as part of the allowance for credit losses or have been partially charged-off and are considered collateral-dependent are carried at fair value. 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 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 the utilization of Level 3 inputs. These loans are analyzed on a quarterly basis for additional credit loss and adjusted accordingly.

Other Real Estate Owned (OREO): Assets acquired through or in lieu of loan foreclosures are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. 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. Subsequent declines in fair value are recorded through the establishment of a valuation allowance, which may be reversed should fair value increase after the establishment of the valuation allowance.

Appraisals for both collateral-dependent individually analyzed 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 12 month period prior to a property being placed into OREO and updated appraisals are typically completed for collateral-dependent loans when management determines analysis on an individual basis is required. For individually analyzed 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 value of interest rate swaps is 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 value of derivatives is determined using quantitative models utilizing 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 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 the majority of inputs used to value its derivatives are considered Level 2 inputs, credit valuation adjustments are based on credit default rate assumptions, which are considered Level 3 inputs. As of December 31, 2025, the Corporation evaluated the effect of credit valuation adjustments on the fair value of its derivative positions, and determined their impact was not significant; accordingly, the Corporation classifies the entirety of its derivative valuations within Level 2 of the hierarchy.
Assets and liabilities measured at fair value on a recurring basis are summarized below (in thousands):
Fair Value Measurement as of December 31, 2025 Using
Financial Assets:Fair ValueQuoted Prices
in Active Markets for Identical Assets
(Level 1)
Significant
Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Mortgage-backed securities, residential$250,375 $— $250,375 $— 
Collateralized mortgage obligations2,931 — 2,931 — 
Obligations of states and political subdivisions10,310 — 10,310 — 
Corporate bonds and notes16,982 — 12,620 4,362 
Total available for sale securities$280,598 $— $276,236 $4,362 
Equity Investments$3,288 $3,288 $— $— 
Derivative assets17,280 — 17,280 — 
Financial Liabilities:
Derivative liabilities$17,412 $— $17,412 $— 

Fair Value Measurement as of December 31, 2024 Using
Financial Assets:Fair ValueQuoted Prices
in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
U.S. treasury notes and bonds$56,906 $56,906 $— $— 
Mortgage-backed securities, residential365,934 — 365,934 — 
Obligations of states and political subdivisions35,505 — 35,505 — 
Corporate bonds and notes22,016 — 9,884 12,132 
SBA loan pools51,081 — 51,081 — 
Total available for sale securities$531,442 $56,906 $462,404 $12,132 
Equity investments$2,759 $2,759 $— $— 
Derivative assets23,829 — 23,829 — 
Financial Liabilities:
Derivative liabilities$23,851 $— $23,851 $— 

The Corporation transfers assets and liabilities between levels within the hierarchy when methodologies to obtain fair value change such that there are either more or fewer unobservable inputs as of the end of the indicated reporting period. The Corporation utilizes a "beginning of reporting period" timing assumption when recognizing transfers between hierarchy levels, consistent with ASC 820-10-50-2.

There were no transfers between Level 1 and Level 2 of the hierarchy during the years ended December 31, 2025 and 2024.
During the year ended December 31, 2025, the Corporation transferred its investment in seven corporate subordinated debt issuances into Level 3 from Level 2, with a total fair value of $9.6 million as of the transfer date, due to the lack of available observable market data for the issuances or issuances of similar size and structure. Each of these transfers occurred during the three‑month period ended March 31, 2025. During the year ended December 31, 2025, the Corporation transferred its investment in 13 corporate subordinated debt issuances out of Level 3 and into Level 2, with a total fair value of $16.0 million as of the transfer date, including each of the seven issuances that were transferred into Level 3 earlier in the year, each occuring during the three months ended June 30, 2025. The transfers out of Level 3 were primarily due to improved availability of observable market data for the issuances or issuances of similar size and structure, attributable to increased issuance activity for subordinated debt and an improvement in general market liquidity.

During the year ended December 31, 2024, the Corporation transferred its investment in six corporate subordinated debt issuances into Level 3 from Level 2, with a total fair value of $5.9 million as of the transfer date, due to the lack of available observable market data for the specific issuances, all of which were transferred during the three months ended December 31, 2024. During the year ended December 31, 2024, the Corporation transferred its investment in one corporate subordinated debt issuance out of Level 3 and into Level 2, with a fair value of $1.9 million as of the transfer date, based on the availability of observable market data for the issuance, which was transferred during the three months ended June 30, 2024. This issuance was subsequently transferred back into Level 3 during the three months ended December 31, 2024.


The tables below present a reconciliation of assets measured at fair value on a recurring basis using unobservable inputs (Level 3) and qualitative information regarding Level 3 significant unobservable inputs for the years ended December 31, 2025 and 2024.

Level 3 Financial Assets - Corporate Bonds20252024
Balance of recurring Level 3 assets as of January 1 $12,132 $7,530 
Total gains and losses for the period:
Included in other comprehensive income1,631 420 
Repayments, calls, and maturities(3,000)— 
Transfers into Level 39,629 5,931 
Transfers out of Level 3(16,030)(1,749)
Balance of recurring Level 3 assets as of December 31$4,362 $12,132 


December 31, 2025Fair ValueValuation TechniquesUnobservable InputRange [Weighted Average] as of December 31, 2025
Corporate bonds and notes$4,362 Discounted cash flowMarket discount rate
10.00% -10.00% [10.00%]
December 31, 2024Fair
Value
Valuation TechniqueUnobservable InputsRange
[Weighted Average]
as of December 31, 2024
Corporate bonds and notes$12,132 Discounted cash flowMarket discount rate
7.25% - 12.00%
[10.82%]

Assets and liabilities measured at fair value on a non-recurring basis as of December 31, 2025 and 2024 are summarized below (in thousands):
 Fair Value Measurement as of December 31, 2025 Using
Financial Assets:Fair ValueQuoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Collateral-dependent loans:
Commercial mortgages:
Non-owner occupied commercial real estate$945 $— $— $945 
Total collateral-dependent loans$945 $— $— $945 
 Fair Value Measurement as of December 31, 2024 Using
Financial Assets:Fair ValueQuoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Collateral-dependent loans:
Commercial and industrial$11 $— $— $11 
Commercial mortgages:
Non-owner occupied commercial real estate873 — — 873 
Total collateral-dependent loans$884 $— $— $884 
Other real estate owned:    
Residential mortgages$126 $— $— $126 
Consumer loans:
Home equity lines and loans285 — — 285 
Total other real estate owned, net$411 $— $— $411 
The fair value of other real estate owned is presented net of a $32 thousand valuation allowance as of December 31, 2024.

The following tables present quantitative information regarding Level 3 significant unobservable inputs for assets and liabilities measured at fair value on a non-recurring basis as of December 31, 2025 and 2024 (in thousands):
DescriptionFair Value as of December 31, 2025Valuation TechniqueUnobservable InputsRange [Weighted Average] at December 31, 2025
Collateral-dependent loans:
Commercial mortgages:
Non-owner occupied commercial real estate$945 Income approachAdjustment to appraised value
10.00% - 10.00%
[10.00%]
Total collateral-dependent loans$945 

DescriptionFair Value as of December 31, 2024Valuation TechniqueUnobservable InputsRange [Weighted Average] at December 31, 2024
Collateral-dependent loans:
Commercial and industrial$11 Net present valueDiscount rate
41.29% - 41.29%
[41.29%]
Commercial mortgages:
Non-owner occupied commercial real estate873 Income approachAdjustment to appraised value
16.86% - 16.86%
[16.86%]
Total collateral-dependent loans$884 
Other real estate owned:
Residential mortgages$126 Sales comparisonAdjustment to appraised value
20.80% - 20.80%
[20.80%]
Consumer loans:
Home equity lines and loans285 Sales comparisonAdjustment to appraised value
20.80% - 20.80%
[20.80%]
Total other real estate owned, net$411 
FAIR VALUE OF FINANCIAL INSTRUMENTS
The carrying amounts and estimated fair values of other financial instruments, as of December 31, 2025 and December 31, 2024, are as follows (in thousands):
 Fair Value Measurements as of December 31, 2025 Using
Financial assets:Carrying AmountQuoted Prices
in Active Markets
for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Estimated Fair Value 1
Cash and due from financial institutions$22,772 $22,772 $— $— $22,772 
Interest-bearing deposits in other financial institutions
27,325 27,325 — — 27,325 
Equity investments3,765 3,765 — — 3,765 
Securities available for sale280,598 — 276,236 4,362 280,598 
Securities held to maturity640 — — 640 640 
FHLBNY and FRBNY stock9,466 — — — N/A
Loans, net and loans held for sale 2,271,663 — — 2,209,059 2,209,059 
Derivative assets17,280 — 17,280 — 17,280 
Financial liabilities:     
Deposits:     
Demand, savings, and insured money market deposits$1,807,058 $1,807,058 $— $— $1,807,058 
Time deposits463,616 — 464,144 — 464,144 
FHLBNY overnight advances87,110 — 87,126 — 87,126 
Subordinated debt, net of issuance costs44,028 — 46,350 — 46,350 
Derivative liabilities17,412 — 17,412 — 17,412 
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.
 Fair Value Measurements as of December 31, 2024 Using
Financial Assets:Carrying AmountQuoted Prices
in Active Markets
for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Estimated Fair Value 1
Cash and due from financial institutions$26,224 $26,224 $— $— $26,224 
Interest-earning deposits in other financial institutions20,811 20,811 — — 20,811 
Equity investments3,235 3,235 — — 3,235 
Securities available for sale531,442 56,906 462,404 12,132 531,442 
Securities held to maturity808 — — 808 808 
FHLBNY and FRBNY stock9,117 — — — N/A
Loans, net and loans held for sale2,071,419 — — 1,981,851 1,981,851 
Derivative assets23,829 — 23,829 — 23,829 
Financial liabilities:     
Deposits:     
Demand, savings, and insured money market deposits$1,772,971 $1,772,971 $— $— $1,772,971 
  Time deposits623,912 — 622,920 — 622,920 
FHLBNY overnight advances109,110 — 109,083 — 109,083 
Derivative liabilities23,851 — 23,851 — 23,851 
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.
v3.25.4
REGULATORY CAPITAL REQUIREMENTS
12 Months Ended
Dec. 31, 2025
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]  
REGULATORY CAPITAL REQUIREMENTS REGULATORY CAPITAL REQUIREMENTS
The Bank is subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and prompt corrective action regulations involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. Under Basel III rules, the Bank must hold a capital conservation buffer of 2.5% above the adequately capitalized risk-based capital ratios. Organizations that fail to maintain the minimum capital conservation buffer could face restrictions on capital distributions or discretionary bonus payments to executive officers. The net unrealized gain or loss on available for sale securities and changes in the funded status of the defined benefit pension plan and other benefit plans are not included in computing regulatory capital. Management believes as of December 31, 2025, the Bank met all capital adequacy requirements to which it is subject.
Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. As of December 31, 2025, the most recent regulatory notifications categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. The Corporation is no longer subject to Federal Reserve consolidated capital requirements applicable to bank holding companies, which are similar to those applicable to the Bank, until it reaches $3.0 billion in assets.
As of December 31, 2025, the most recent notification from the Federal Reserve Bank of New York categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized the Bank must maintain minimum total risk-based, Tier 1 risk-based, common equity Tier 1 risk-based, and Tier 1 leverage ratios as set forth in the table below. There have been no conditions or events since this notification that management believes have changed the Bank's or the Corporation's capital category.
The Corporation’s principal source of funds for dividend payments is dividends received from the Bank. Banking regulations limit the amount of dividends that may be paid without prior approval of regulatory agencies. Under these regulations, the
amount of dividends that may be paid in any calendar year is limited to the current year’s net income, combined with the retained net income of the preceding two years, subject to the capital requirements in the table below. During 2026, the Bank could, without prior approval, declare dividends of approximately $51.0 million plus any 2026 net income retained to the date of the dividend declaration.

The actual capital amounts and ratios of the Corporation and the Bank are presented in the following tables (in thousands):
 ActualMinimal Capital AdequacyMinimal Capital Adequacy with Capital BufferTo Be Well
Capitalized Under Prompt Corrective Action Provisions
As of December 31, 2025AmountRatioAmountRatioAmountRatioAmountRatio
Total Capital (to Risk Weighted Assets):
Consolidated$337,760 15.30 %N/AN/AN/AN/A N/AN/A
Bank$326,594 14.80 %$176,571 8.00 %$231,749 10.50 %$220,714 10.00 %
Tier 1 Capital (to Risk Weighted Assets):
Consolidated$268,938 12.18 %N/AN/AN/AN/AN/AN/A
Bank$301,800 13.67 %$132,428 6.00 %$187,607 8.50 %$176,571 8.00 %
Common Equity Tier 1 Capital (to Risk Weighted Assets):
Consolidated$268,938 12.18 %N/AN/AN/AN/AN/AN/A
Bank$301,800 13.67 %$99,321 4.50 %$154,500 7.00 %$143,464 6.50 %
Tier 1 Capital (to Average Assets):
Consolidated$268,938 9.89 %N/AN/AN/AN/AN/AN/A
Bank$301,800 11.10 %$108,744 4.00 %N/AN/A$135,930 5.00 %
ActualMinimum Capital AdequacyMinimal Capital Adequacy with Capital BufferTo Be Well Capitalized Under Prompt Corrective Action Provisions
As of December 31, 2024AmountRatioAmountRatioAmountRatioAmountRatio
Total Capital (to Risk Weighted Assets):
Consolidated$280,778 13.35 %N/AN/AN/AN/AN/AN/A
Bank$275,179 13.09 %$168,137 8.00 %$220,680 10.50 %$210,172 10.00 %
Tier 1 Capital (to Risk Weighted Assets):
Consolidated$258,550 12.30 %N/AN/AN/AN/AN/AN/A
Bank$252,950 12.04 %$126,103 6.00 %$178,646 8.50 %$168,137 8.00 %
Common Equity Tier 1 Capital (to Risk Weighted Assets):
Consolidated$258,550 12.30 %N/AN/AN/AN/AN/AN/A
Bank$252,950 12.04 %$94,577 4.50 %$147,120 7.00 %$136,612 6.50 %
Tier 1 Capital (to Average Assets):
Consolidated$258,550 9.18 %N/AN/AN/AN/AN/AN/A
Bank$252,950 8.98 %$112,639 4.00 %N/AN/A$140,799 5.00 %
v3.25.4
ACCUMULATED OTHER COMPREHENSIVE INCOME OR LOSS
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME OR LOSS ACCUMULATED OTHER COMPREHENSIVE INCOME OR LOSS
Accumulated other comprehensive income or 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 or loss by component, net of tax, for the periods indicated (in thousands):
 Unrealized Gains and Losses on Securities Available for SaleDefined Benefit and Other Benefit PlansTotal
Balance as of January 1, 2025$(63,339)$(1,726)$(65,065)
Other comprehensive income (loss) before reclassification41,773 454 42,227 
Amounts reclassified from accumulated other comprehensive income (loss)(13,237)22 (13,215)
Net current period other comprehensive income (loss)28,536 476 29,012 
Balance as of December 31, 2025$(34,803)$(1,250)$(36,053)

 Unrealized Gains and Losses on Securities Available for SaleDefined Benefit and Other Benefit PlansTotal
Balance as of January 1, 2024$(62,800)$(3,213)$(66,013)
Other comprehensive income (loss) before reclassification(539)1,465 926 
Amounts reclassified from accumulated other comprehensive income (loss)— 22 22 
Net current period other comprehensive income (loss)(539)1,487 948 
Balance as of December 31, 2024$(63,339)$(1,726)$(65,065)

The following is the reclassification out of accumulated other comprehensive income (loss) for the periods indicated (in thousands):
Details about Accumulated Other Comprehensive Income (Loss) ComponentsYear Ended December 31,Affected Line Item
 in the Statement Where
Net Income is Presented
20252024
Unrealized gains and losses on securities available for sale: 
Realized gains (losses) on securities available for sale$(17,498)$— Net gains (losses) on securities transactions
Tax effect4,261 — Income tax benefit (expense)
Net of tax(13,237)—  
Amortization of defined pension plan and other benefit plan items:      
Actuarial losses (a)30 30 Other components of net periodic pension and postretirement benefits
Tax effect(8)(8)Income tax benefit (expense)
Net of tax22 22  
Total reclassification for the period, net of tax$(13,215)$22  
(a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other benefit plan costs (see Note 13 for additional information).
v3.25.4
SEGMENT REPORTING
12 Months Ended
Dec. 31, 2025
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 and industrial, 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.
The Corporation's reportable segments are determined by the Executive Management Team (EMT), who collectively are designated Chief Operating Decision Maker (CODM). The CODM evaluates the financial performance of each business segment, which is based upon the business segment's net income. Components of net income for the business segments that are reviewed by the CODM include net interest income, provision for credit losses, non-interest income, non-interest expense and income tax expense. The CODM, in conjunction with management committees (such as ALCO and Corporate loan committees) evaluates financial performance to make decisions related to the products and services that are offered, pricing, and the allocation of resources for each business segment.
Accounting policies for the segments are the same as those described in Note 1. 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 and CFS columns below includes income and expenses related to insurance products, mutual funds, and brokerage services (in thousands).
Year ended December 31, 2025Core BankingWMGHolding Company and CFSInter-Segment EliminationsConsolidated Totals
Interest and dividend income$132,833 $— $10 $(8)$132,835 
Interest expense43,683 — 2,003 (8)45,678 
Net interest income89,150 — (1,993)— 87,157 
Provision for credit losses4,437 — — — 4,437 
Net interest income after provision for credit losses84,713 — (1,993)— 82,720 
Non-interest income(5,171)11,945 1,185 (14)7,945 
Non-interest expense:
  Compensation expense31,949 6,124 931 — 39,004 
  Net occupancy expense5,560 252 14 (14)5,812 
  Furniture and equipment expense1,601 76 25 — 1,702 
  Data processing & software expense8,786 1,238 24 — 10,048 
  Other non-interest expense13,164 577 422 — 14,163 
Total non-interest expense61,060 8,267 1,416 (14)70,729 
Income (loss) before income tax expense18,482 3,678 (2,224)— 19,936 
Income tax expense (benefit)4,634 820 (622)— 4,832 
Segment net income (loss)$13,848 $2,858 $(1,602)$— $15,104 
Supplemental Information:
Total assets as of December 31, 2025$2,677,610 $2,933 $298,200 $(268,508)$2,710,235 
Capital expenditures$1,392 $295 $— $— $1,687 
Depreciation expense1
$1,837 $58 $— $— $1,895 
1 Included in net occupancy and furniture and equipment expense in the table above.
Year ended December 31, 2024Core BankingWMGHolding Company and CFSInter-Segment EliminationsConsolidated Totals
Interest and dividend income$127,534 $— $36 $(6)$127,564 
Interest expense53,511 — — (6)53,505 
Net interest income74,023 — 36 — 74,059 
Provision for credit losses(46)— — (46)
Net interest income after provision for credit losses74,069 — 36 — 74,105 
Non-interest income10,633 11,573 1,030 (6)23,230 
Non-interest expense:
  Compensation expense29,131 5,672 828 — 35,631 
  Net occupancy expense5,583 249 (6)5,832 
  Furniture and equipment expense1,542 94 23 — 1,659 
  Data processing & software expense8,954 1,120 19 — 10,093 
  Other non-interest expense13,080 546 409 — 14,035 
Total non-interest income58,290 7,681 1,285 (6)67,250 
Income (loss) before income tax expense26,412 3,892 (219)— 30,085 
Income tax expense (benefit)5,651 833 (70)— 6,414 
Segment net income (loss)$20,761 $3,059 $(149)$— $23,671 
Supplemental Information:
Total assets as of December 31, 2024$2,746,344 $2,882 $215,366 $(188,445)$2,776,147 
Capital expenditures1
$3,626 $— $— $— $3,626 
Depreciation expense2
$1,797 $17 $— $— $1,814 
1 Includes expenditures related to ATM fleet replacement across footprint and the addition of a new branch.
2 Included in net occupancy and furniture and equipment expense in the table above.
v3.25.4
Insider Trading Arrangements
3 Months Ended
Dec. 31, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.4
Insider Trading Policies and Procedures
12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.4
Cybersecurity Risk Management and Strategy Disclosure
12 Months Ended
Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
The Corporation regards information as one of its most valuable assets. As a result, safeguards have been implemented to protect corporate informational assets and associated technology resources have been established to maintain the integrity, availability, and privacy of confidential information of those assets. The Corporation has established an Information and Cyber Security Program (“Program”) that includes standards and procedures to ensure that all information belonging to or held by the Corporation will be appropriately evaluated, classified, and protected against likely forms of unauthorized or inappropriate access, use, disclosure, modification, destruction, and denial.
Enterprise risk management embeds risk management into the oversight of cybersecurity as an integral part of the business with comprehensive internal control and assurance processes linked to key risks which are then reported to the Board of Directors (“Board”). Risk oversight, including cybersecurity is a key risk which has been delegated to the Enterprise Risk Committee of the Board (“ERC”). Cybersecurity is integrated into the Corporation's enterprise risk management policy, enterprise risk management committee charter, escalation policy, risk appetite statement, information technology steering meetings, and division risk meetings. Employees are trained on their first day of employment with regard to cybersecurity and additional training is required for all employees throughout each year.
The Corporation engages with a multitude of third-party assessors, consultants, auditors and other third parties to support and maintain a robust information security practice. These partners are credentialed cybersecurity firms that assist to monitor and maintain the performance and effectiveness of our processes, procedures, and internal controls, as well as the various products and services that are deployed in our environment. The Corporation has a third party risk management program in place to monitor for any potential material risks from cybersecurity threats regarding any third-party service providers. Through our third party risk management program we risk rate our vendors and conduct a thorough review prior to the execution of any agreement and then on an ongoing risk-based basis. The review consists of due diligence documents and information such as the Service Organizational Control (“SOC”) Reports, information and data security, business continuity testing and penetration testing.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block] The Corporation has established an Information and Cyber Security Program (“Program”) that includes standards and procedures to ensure that all information belonging to or held by the Corporation will be appropriately evaluated, classified, and protected against likely forms of unauthorized or inappropriate access, use, disclosure, modification, destruction, and denial.Enterprise risk management embeds risk management into the oversight of cybersecurity as an integral part of the business with comprehensive internal control and assurance processes linked to key risks which are then reported to the Board of Directors (“Board”). Risk oversight, including cybersecurity is a key risk which has been delegated to the Enterprise Risk Committee of the Board (“ERC”). Cybersecurity is integrated into the Corporation's enterprise risk management policy, enterprise risk management committee charter, escalation policy, risk appetite statement, information technology steering meetings, and division risk meetings. Employees are trained on their first day of employment with regard to cybersecurity and additional training is required for all employees throughout each year.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block] The Program is led by our CISO, who reports directly to the Chief Risk Officer. Additionally, the CISO meets regularly and works in tandem with the Chief Information Officer and various members of Information Technology. The information security department meets regularly with employees through hosted educational sessions, all-employee call presentations, Officers’ meeting presentations, and individual branch network visits to provide pertinent and timely education on the current threats and best practices. Line of business leaders regularly reach out to the CISO with regard to cybersecurity risk prevention, questions, and training. The CISO has a standing agenda item for the Information Technology Steering Committee meeting as well as ERC in order to inform the committees about prevention, detection, mitigation and remediation of cybersecurity incidents. If there are any incidents that require information to be presented to the Executive Management Team or the Board, the Chief Risk Officer presents that information.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] Chief Information Security Officer (“CISO”) and information security analysts
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] The CISO reports to ERC on a quarterly basis regarding the cybersecurity program and material cybersecurity risks. The quarterly report includes the following information: information security incidents, internal phishing risk, defensive coverage and response of our endpoints, and internal and external vulnerability scan results. The ERC is also apprised of training, regulation or guidance changes, and new products and services utilized by the information security department. In addition to a cybersecurity risk assessment that is performed by the CISO, management is responsible for conducting a risk assessment to identify data security, information technology, and cybersecurity risk factors impacting their business line. The results are reviewed by the risk division and presented to ERC.
Cybersecurity Risk Role of Management [Text Block]
The risks from cybersecurity threats, including any previous cybersecurity incidents, have not materially affected the Corporation to date, including our business strategy, operations, or financial condition. Cybersecurity is an evolving threat, and the increasing sophistication of threat actors is supported by new technologies, including artificial intelligence and machine learning, which does have the potential to materially affect the Corporation, including our business strategy, operations, or financial condition. However, with our system of internal controls, cyber defense mechanisms in place and the tenure and experience of our Chief Information Security Officer (“CISO”) and information security analysts, we have sought to reduce the residual risk that is inherent of cybersecurity.
The CISO reports to ERC on a quarterly basis regarding the cybersecurity program and material cybersecurity risks. The quarterly report includes the following information: information security incidents, internal phishing risk, defensive coverage and response of our endpoints, and internal and external vulnerability scan results. The ERC is also apprised of training, regulation or guidance changes, and new products and services utilized by the information security department. In addition to a cybersecurity risk assessment that is performed by the CISO, management is responsible for conducting a risk assessment to identify data security, information technology, and cybersecurity risk factors impacting their business line. The results are reviewed by the risk division and presented to ERC.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] Chief Information Security Officer (“CISO”) and information security analysts, we have sought to reduce the residual risk that is inherent of cybersecurity. The CISO reports to ERC on a quarterly basis regarding the cybersecurity program and material cybersecurity risks. The quarterly report includes the following information: information security incidents, internal phishing risk, defensive coverage and response of our endpoints, and internal and external vulnerability scan results. The ERC is also apprised of training, regulation or guidance changes, and new products and services utilized by the information security department. In addition to a cybersecurity risk assessment that is performed by the CISO, management is responsible for conducting a risk assessment to identify data security, information technology, and cybersecurity risk factors impacting their business line. The results are reviewed by the risk division and presented to ERC.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] The CISO has over 28 years of experience with information technology management, information security, compliance, audit, and process improvement. Our information security analysts have a combined 13 years of experience with information security, information technology servers and information technology networks. The CISO and information security analysts are active members of the following management level committees at the Bank: Information Technology Steering Committee and the Change Control Committee.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] The CISO reports to ERC on a quarterly basis regarding the cybersecurity program and material cybersecurity risks. The quarterly report includes the following information: information security incidents, internal phishing risk, defensive coverage and response of our endpoints, and internal and external vulnerability scan results. The ERC is also apprised of training, regulation or guidance changes, and new products and services utilized by the information security department. In addition to a cybersecurity risk assessment that is performed by the CISO, management is responsible for conducting a risk assessment to identify data security, information technology, and cybersecurity risk factors impacting their business line. The results are reviewed by the risk division and presented to ERC.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
ORGANIZATION
ORGANIZATION

The Corporation, through its wholly-owned subsidiaries, the Bank and CFS Group, Inc., provides a wide range of banking, financing, fiduciary and other financial services to its clients. The Corporation is subject to the regulations of certain federal and state agencies and undergoes periodic examinations by those regulatory agencies.
BASIS OF PRESENTATION
BASIS OF PRESENTATION

The accompanying consolidated financial statements have been prepared in conformity with GAAP and include the accounts of the Corporation and its subsidiaries. All significant intercompany balances and transactions are eliminated in consolidation.
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.
CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS

Cash and cash equivalents include cash and amounts due from banks and demand interest-bearing deposits with other financial institutions. On the Consolidated Statements of Cash Flow, net cash flows are reported for customer loan and deposit transactions and short-term borrowings with original maturities of 90 days or less.
EQUITY INVESTMENTS
EQUITY INVESTMENTS
Securities that are held to fund a non-qualified deferred compensation plan and securities that have a readily determinable fair market value, are recorded at fair value with changes in fair value and interest and dividend income included in earnings.
SECURITIES
SECURITIES

Management determines the appropriate classification of securities at the time of purchase. If the Corporation has the intent and the ability at the time of purchase to hold securities until maturity, they are classified as held to maturity and carried at amortized cost. Securities to be held for indefinite periods of time or not intended to be held to maturity are classified as available for sale and carried at fair value. Premiums and discounts are amortized or accreted over the life of the related security as an adjustment to yield using the interest method. Dividend and interest income on securities is recognized on an accrual basis. Unrealized holding gains and losses on securities classified as available for sale are excluded from earnings and reported as accumulated other comprehensive income (loss) in shareholders' equity, net of the related tax effects, until realized. Realized gains and losses are determined using the specific identification method.
Management assesses available for sale securities in an unrealized loss position on at least a quarterly basis, and more frequently if economic or market conditions warrant such an evaluation, to determine whether it intends to sell, or it is more likely than not that it will be required to sell a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security's amortized basis is written down to fair value through current period earnings.
Available for sale securities in a loss position that do not meet either of the aforementioned criteria, are reviewed by management to determine whether the unrealized loss is due to credit-related factors or other non-credit related factors. In making this determination, management evaluates a range of variables including the extent to which fair value is less than amortized cost, existing conditions that may adversely impact the issuer, and changes to the credit rating of either the issuer or the specific security, among other considerations. An allowance for credit losses is established for securities when upon evaluation, management has determined that a portion of unrealized losses are due at least in part to credit-related factors. The allowance for credit losses is determined as the difference between the present value of expected cash flows using the security's effective interest rate and the amortized basis of the security, limited to the extent by which amortized basis exceeds fair value. Expected credit losses on held to maturity securities are measured on a collective basis when similar risk characteristics exist, and on an individual basis for securities that do not share risk characteristics with those analyzed on a collective basis. Accrued interest receivable on securities is excluded from any measurement of an allowance for credit losses. As of December 31, 2025 and 2024, accrued interest receivable on securities was $0.7 million and $1.9 million, respectively.
A majority of the Corporation's available for sale securities portfolio is held in obligations issued by U.S. Government entities or agencies and enterprises affiliated with the U.S. Government. Due to the explicit or implicit guarantee of the full faith and credit of the U.S. Government, the Corporation considers these securities to carry a zero credit loss assumption. Securities included under this implication include U.S. Treasury securities, mortgage backed securities issued by government-sponsored enterprises, and SBA pooled loan securities. Management monitors conditions that may impact these zero credit loss assumptions on a regular basis.
FEDERAL HOME LOAN BANK AND FEDERAL RESERVE BANK STOCK
FEDERAL HOME LOAN BANK AND FEDERAL RESERVE BANK STOCK
The Bank is a member of both the FHLBNY and the FRBNY. FHLBNY members are required to own stock proportional to their level of borrowings and participation in the Mortgage Asset Program (MAP), among other factors, while FRBNY members are required to own stock proportionally based on a percentage of the Bank’s capital stock and surplus. FHLBNY and FRBNY stock are carried at cost and classified as non-marketable equities and periodically evaluated for impairment based on ultimate recovery of par value. Cash and stock dividends are reported as income.
LOANS
LOANS
Loans are stated at their amortized basis, which is the amount of unpaid principal balance net of unamortized deferred loan cost and fees. An accounting policy election was made to exclude accrued interest receivable from the amortized cost basis of loans. Accrued interest receivable is included in accrued interest and other assets on the Corporation's Consolidated Balance Sheets. The Corporation has the ability and intent to hold its loans for the foreseeable future. The Corporation’s loan portfolio is comprised of the following segments: (i) commercial and industrial, (ii) commercial mortgages, (iii) residential mortgages, and (iv) consumer loans.
Commercial and industrial loans primarily consist of loans to small and mid-sized businesses in the Corporation’s market area in a diverse range of industries. These loans are typically made on the basis of the borrower’s ability to make repayment from the cash flow of the borrower’s business. Commercial mortgage loans are generally non-owner occupied commercial properties or owner occupied commercial real estate. Repayment of these loans is often dependent upon the successful operation and management of the properties and the businesses occupying the properties, as well as on the collateral securing the loan. Residential mortgage loans are generally made on the basis of the borrower’s ability to make repayment from their employment and other income, but are secured by real property. Consumer loans include home equity lines of credit and home equity loans, which exhibit many of the same characteristics as residential mortgages. Indirect and other consumer loans are typically secured by depreciable assets, such as automobiles, and are dependent on the borrower’s continuing financial stability.
Interest on loans is accrued and credited to operations using the interest method. Past due status is based on the contractual terms of the loan. The accrual of interest is generally discontinued and previously accrued interest is reversed when loans become 90 days delinquent. Loans may also be placed on non-accrual status if management believes such classification is otherwise warranted. Payments received on nonaccrual loans are generally applied to principal using the cost recovery method, but in limited instances may be recognized as interest income on a cash basis. Loans are generally returned to accrual status when they become current as to principal and interest and remain current for a period of six consecutive months or when, in the opinion of management, the Corporation expects to receive all of its original principal and interest. Loan origination fees and certain direct loan origination costs are deferred and amortized over the life of the loan as an adjustment to yield, using the interest method.
LOAN MODIFICATIONS TO BORROWERS EXPERIENCING FINANCIAL DIFFICULTY AND ALLOWANCE FOR CREDIT LOSSES ON LOANS
LOAN MODIFICATIONS TO BORROWERS EXPERIENCING FINANCIAL DIFFICULTY
The Corporation evaluates loan modifications to borrowers experiencing financial difficulty on the basis and extent of their direct impact on contractual cash flows. Modifications under this guidance include principal forgiveness, interest rate reductions, more than insignificant payment delays, term extensions, or a combination thereof. Payment delays are generally considered insignificant when the duration of the delay is less than or equal to three months.

Once a loan modification is determined to meet the aforementioned criteria, a determination is made by management as to whether the modification represents the continuation of an existing loan, or a new loan, in accordance with ASC-310-20-35-9 through 11. The Corporation considers a loan modification to represent the establishment of a new loan if the resulting terms are at least as favorable to the Corporation as the terms made to other borrowers with similar risk profiles. When a modification is determined to represent a new loan, all unamortized deferred costs and fees are immediately recognized through interest income when the modification is granted. Modifications that do not meet this criteria are considered a continuation of the existing loan, and all unamortized deferred costs and fees are carried forward as part of the modified loan's amortized basis.


ALLOWANCE FOR CREDIT LOSSES ON LOANS
The allowance for credit losses is an amount management believes will be adequate to absorb estimated lifetime credit losses inherent in its various portfolios of loans. The allowance is estimated using the Corporation's CECL methodology, which utilizes historical information, current conditions, and reasonable and supportable economic forecasts to estimate expected lifetime credit losses as of the measurement date.
Under the Corporation's CECL methodology, loans are analyzed on either a pooled (collective) basis or an individual basis, based on an assessment of risk factors. Loans exhibiting similar risk characteristics are pooled based on assigned FFIEC Call Report codes. When a determination is made that a loan no longer exhibits risk characteristics consistent with its assigned pool, it is designated for individual analysis. Pooled loans utilize both quantitative and qualitative components to determine an appropriate estimate of the allowance for credit losses. The quantitative component is based on an estimated discounted cash flow (DCF) analysis, performed at the loan level. Underlying assumptions on which the DCF calculation is based incorporate the relationship between projected values of an economic variable, and the implied historical loss experience amongst a group of peers curated by management. The Corporation utilizes a regression analysis to identify suitable economic variables, known as loss drivers, for each pool of loans. Based on the results of this analysis, a probability of default (PD) and a loss given default (LGD) is assigned to each potential value of an economic variable for each pool of loans, which is applied to derive the statistical loss implications thereof. The DCF incorporates a presumed loss for each period of the calculation, as well as assumed recoveries of past losses, to determine a present value for each loan. A loan's modeled allowance for credit losses equals the book balance as of the measurement date, less the estimated present value of cash flows. Forecasted economic variables are applied over a four quarter period, and revert to the historical mean of the economic variable over an eight quarter period, on a straight line basis.
Based on assigned FFIEC Call Report codes, the risk characteristics of lending activities, and collateral composition among loans within Call Report codes, the Corporation has disaggregated its loan portfolio into the following nine pools:
Construction - Commercial and retail loans secured by real estate made for the purposes of on-site construction or land development, and are actively in the construction phase. This portfolio largely consists of commercial construction loans, as well as a limited number of residential single family construction-to-permanent loans. Construction loans are typically evaluated using an "as-stabilized" or "as completed" appraisal valuation, and the Corporation seeks sponsors who can provide sufficient equity at project inception or who have a proven track record of successfully completing similar projects. Specific risks associated with construction lending include fluctuations in market conditions prior to completion of the construction phase, work quality, cost overruns, and the realization of borrower assurances related to pre-sales, tenant contracts, and financial covenants, among others.
Home Equity Lines of Credit and Junior Liens - Retail loans secured by secondary or otherwise subordinate lien positions on 1-4 family residential real estate. Repayment sources generally depend on borrowers' primary source of income and terms are assessed based on borrowers' equity position in the collateralized property. Specific risks associated with secondary liens include a greater default risk than on associated primary liens as borrowers are likely to prioritize payments on outstanding debt secured by a primary lien position. Secondary lien positions are additionally exposed to greater market risk in the event of foreclosure, and therefore are more sensitive to changes in underlying collateral valuations than primary lien positions.
1-4 Family Residential First Liens - Retail and commercial loans secured by primary lien positions on 1-4 family residential real estate. For retail loans, repayment is primarily dependent on borrowers' primary source of income, with the collateralized property providing a strong secondary source or repayment. In contrast, repayment of commercial loans secured by primary liens on residential property may be more diverse and include rental income generated by the property. Specific risks include localized economic conditions, which may impact both a collateralized property's value and employment prospects for borrowers reliant on their primary source of income for repayment, as well as regulatory risks specific to housing which may inhibit a bank's ability to pursue alternative means of repayment.
Multifamily - Commercial real estate secured by residential properties comprised of greater than four livable units. Multifamily properties are commonly managed by the borrower or its affiliates and rented to tenants for residential purposes. Repayment sources generally consist of rental income generated by the property. Specific risks include a borrower's ability to attract and retain a base of tenants at rental rates in excess of those required to finance, manage, and maintain the property, as well as risks relating to demographic shifts in the population of prospective tenants.
Owner Occupied Commercial Real Estate - Commercial real estate loans secured by property occupied and or operated by the primary borrower or a related entity. Repayment is generally dependent on cash flow from the operation of the borrower's businesses, which may or may not be primarily conducted through the use of the financed property. Specific risks include borrower industry and the competence of borrowers in executing business objectives. Additionally, certain properties may be built to suit for the borrower's industry, and therefore may have limited marketability outside of a specific industry.
Non-Owner Occupied Commercial Real Estate - Commercial real estate loans secured by properties managed and maintained by the borrowers, but are reliant on rental income from unrelated lessees to provide cash flow for repayment. The successful operations of tenant organizations may significantly impact borrowers' ability to service these obligations. Specific risks include the limited influence a borrower can have on tenant success, as well as potential difficulty in finding suitable or willing replacement tenants should vacancies arise. The Corporation seeks to lend to sponsors who have demonstrated a capability of aligning with strong and predictable tenants, considering both the current environment tenants operate in as well as future prospects for their industries, including their need for comparable space in the future.
Commercial and industrial - Commercial purpose loans primarily secured by the assets of borrowers' businesses. These loans are extended to a diverse range of industries and may also include loans for commercial real estate purposes, but which are secured by assets other than real estate. The successful operation of borrower businesses provides the primary source of repayment for these loans. Management identifies a primary commonality amongst these loans to be inherent collateral risk exposure. Business assets may have significant variation in collateral value, and the realized liquidation value to the Corporation may be equally variable. Normal usage and industry specificity can have a considerable impact on collateral value.
Consumer - Retail loans primarily secured by vehicles or other personal collateral. Indirect auto lending comprises a majority of lending activity in this pool. Repayment is largely dependent on borrowers' primary income source, through employment or otherwise. Broad economic condition and borrowers' specific personal skill sets can significantly influence the ability to maintain an adequate employment status to service consumer debt. Relationships with auto dealership networks also impacts the quality of borrowers seeking financing for vehicles, subject to the Corporation's system of underwriting and loan review. Auto collateral values typically depreciate relatively quickly, compared to other asset classes, and expose the Corporation to additional collateral risk.
Other - Loans to borrowers whose organizations' are generally engaged in activities other than traditional business operations, such as non profit entities including medical groups, clubs and associations, religious organizations, and museums. These loans are generally classified based on their organizational structure and a common specific risk includes reliance on outside funding sources to conduct operations.
The quantitative component of the pooled allowance is supplemented by qualitative adjustments. Qualitative adjustments represent the extent to which management determines its expectation of risk differs from the results of the quantitative analysis, in large part encompassing risk factors that may not be fully captured by the quantitative model. Management uses the following nine qualitative factors when considering appropriate adjustments: (1) lending policies and procedures, including underwriting standards and collection, charge-off, and recovery policies, (2) national and local economic conditions and developments, including the condition of various market segments, (3) loan terms and changes in loan terms and conditions, (4) the experience, ability, and depth of lending management and staff, (5) the volume and severity of past due, classified, criticized, and watch-list loans, nonaccrual loans, and loan modifications to borrowers experiencing financial difficulty (6) the quality of the Bank’s loan review system and the degree of oversight by the Bank’s Board of Directors, (7) collateral related considerations including: securitization level, type, and valuations, (8) the existence and effect of any concentrations of credit, and changes in the level of such concentrations, (9) the effect of external factors, such as competition, legal, and regulatory factors. The impact of any qualitative adjustments on management's estimates are dependent upon the relationship between the results of quantitative analysis conducted under severe and protracted recessionary conditions and the current period's quantitative analysis. The additional loss rate available for qualitative adjustments is limited to the difference between the loss rate calculated under the severe recessionary scenario and the loss rate used in the current period's quantitative analysis. This methodology provides a structured framework for management to apply qualitative adjustments consistently over time.
Loans determined to require individual analysis are primarily valued and measured for credit loss based on collateral, using the collateral-dependent practical expedient as prescribed in ASC 326 - Financial Instruments - Credit Losses. Measurement is performed based on the most recently available appraisal and it is the Corporation's policy to obtain updated appraisals by independent third parties on loans secured by real estate at the time a loan is determined to require individual analysis. A specific allocation to the allowance for credit losses is made on collateral-dependent loans to the extent the value of collateral, net of adjustments for estimated selling costs and management discounts, is less than book value as of the measurement date. Loans not considered to be collaterally dependent are analyzed using a cash flow analysis. A cash flow analysis is performed using a loan's effective interest rate and is discounted to determine appropriate fair value. To the extent a loan's book balance exceeds the present value of cash flows, a specific allocation to the allowance for credit losses is made.
The Corporation records an allowance for credit losses on unfunded commitments utilizing a methodology consistent with its methodology for estimating lifetime credit losses on its portfolio of outstanding loans. The Corporation disaggregates unfunded commitments into pools congruent with its methodology for pooling outstanding loans. A funding rate is determined to represent a credit conversion factor based on historical funding experience. The loss rate applied to the estimated funded balance is equivalent to the overall loss rate applied to on-balance sheet exposures in its designated pool. The Corporation is not required to establish an allowance for credit losses on commitments that are deemed to be unconditionally cancellable at the sole discretion of the Corporation.
The allowance for credit losses is increased through a provision for credit losses charged to operations. Loans are charged against their respective allowance for credit losses when management believes the collectability of all or a portion of the principal balance is unlikely. Management's evaluation of the adequacy of the allowance for credit losses is performed on a periodic basis and takes into consideration such factors as the credit risk grade assigned to a loan, historical credit loss experience, and review of information specific and pertinent to the borrower. While management uses available information to recognize credit losses on loans, future additions to the allowance may be necessary based on changes in economic conditions, regulatory requirements, or other new information.
LOANS HELD FOR SALE
LOANS HELD FOR SALE
Certain mortgage loans are originated with the intent to sell. The Bank typically retains the right to service these mortgages upon sale. From time to time, the intent of loans originated and held for investment changes and the Bank will transfer loans held for investment to loans held for sale. During the year ended December 31, 2025, the Bank transferred commercial credit card balances from loans held for investment to loans held for sale. Loans held for sale are recorded at the lower of cost or fair value in the aggregate and are regularly evaluated for changes in fair value. Commitments to sell loans that are originated for sale are recorded at fair value. If necessary, a valuation allowance is established with a charge to income for unrealized losses attributable to a change in market conditions.
LEASES
LEASES

Leases are classified as operating or finance leases on the lease commencement date. At inception, the Corporation determines the lease term by considering the minimum contractual term and all optional renewal periods the Corporation is reasonably certain to renew. The implicit discount rate used to determine lease liabilities is based upon incremental borrowing rates the Corporation could access for similar terms as of the commencement or remeasurement date.
The Corporation records operating leases on the Corporation's Consolidated Balance Sheets as a lease liability equal to the present value of future minimum payments under the lease terms, and a right-of-use asset equal to the lease liability, adjusted for initial direct costs and lease incentives. The lease term is also used to calculate straight-line rent expense. The Corporation's leases do not contain residual value guarantees or material variable lease payments that may impact the Corporation's ability to pay dividends or cause the Corporation to incur additional financial obligations. Rent expense and variable lease expense are included in net occupancy expense on the Corporation's Consolidated Statements of Income.
Finance leases are initially recorded on the Corporation's Consolidated Balance Sheets as a long-term lease obligation equal to the present value of future minimum lease payments with a corresponding right-of-use asset equal to the long-term lease obligation, adjusted for initial direct costs and lease incentives. The long-term lease obligation amortizes as payments are made on the lease. Interest expense is incurred utilizing the discount rate used to establish the value of the long-term lease obligation. Amortization of the right-of-use assets arising from finance leases is expensed through net occupancy expense, and the interest on the related lease liability is recorded through interest expense on borrowings on the Corporation's Consolidated Statements of Income.
PREMISES AND EQUIPMENT
PREMISES AND EQUIPMENT

Land is carried at cost, while buildings, equipment, leasehold improvements and furniture are stated at cost less accumulated depreciation and amortization. Depreciation is charged to current operations using the straight-line method over the estimated useful lives of the assets, which range from 15 to 50 years for buildings and from 3 to 10 years for equipment and furniture.  Amortization of leasehold improvements and leased equipment is recognized using the straight-line method over the shorter of the lease term or the estimated life of the asset. Leases of branch offices, which have been designated as finance lease right-of- use assets, are included within buildings and amortized on a straight-line basis over the shorter of the lease term or the estimated life of the asset.
BANK OWNED LIFE INSURANCE
BANK OWNED LIFE INSURANCE

BOLI is recorded at the realizable amount under the insurance contracts as of the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. Changes in the cash surrender value are recorded in other non-interest income.
OTHER REAL ESTATE AND REPOSSESSED VEHICLES
OTHER REAL ESTATE AND REPOSSESSED VEHICLES
Real estate acquired through foreclosure or deed in lieu of foreclosure is recorded at estimated fair value of the property less estimated costs to sell at the time of acquisition, establishing a new carrying value. Write downs from the carrying value of the loan to estimated fair value, which are required at the time of foreclosure, are charged against the allowance for credit losses. Subsequent adjustments to the carrying values of such properties arising from declines in fair value result in the establishment of a valuation allowance and are charged to operations in the period in which the declines occur. Vehicles repossessed by the Corporation are derecognized as loans receivable at the earlier of physical possession or legal title of the vehicle, and are recorded in other assets on the Corporation's Consolidated Balance Sheets at fair value. Write downs to fair value at the time of repossession are charged against the allowance for credit losses. Gains on the sale of repossessed vehicles are credited to the allowance for credit losses as recoveries, up to the amount of any initial charge-off, while losses on the sale of repossessions are recorded as other non-interest expense. Gains on the sale of repossessions in excess of any initial charge-off is recorded as other non-interest income.
INCOME TAXES
INCOME TAXES

The Corporation files a consolidated tax return. Deferred tax assets and liabilities are recognized for future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and for unused tax loss carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates to apply to taxable income in the years in which temporary differences are expected to be recovered or settled, or the tax loss carry forwards are expected to be utilized. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized.
A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded.
WEALTH MANAGEMENT GROUP FEE INCOME
WEALTH MANAGEMENT GROUP FEE INCOME
Assets held in a fiduciary or agency capacity for customers are not included in the accompanying Consolidated Balance Sheets, since such assets are not assets of the Corporation. Wealth Management Group income is recognized on the accrual method as earned based on contractual rates applied to the balances of individual trust accounts.
POSTRETIREMENT BENEFITS
POSTRETIREMENT BENEFITS

Pension Plan:

The Chemung Canal Trust Company Pension Plan is a non-contributory defined benefit pension plan ("Pension Plan"). The Pension Plan is a “qualified plan” under the IRS Code and therefore must be funded. Contributions are deposited to the Plan and held in trust. The Plan assets may only be used to pay retirement benefits and eligible plan expenses. The Plan was amended such that new employees hired on or after July 1, 2010 would not be eligible to participate in the Plan, however, existing participants at that time would continue to accrue benefits.
On October 20, 2016, the Corporation amended its non-contributory defined benefit pension plan to freeze future retirement benefits after December 31, 2016. Beginning on January 1, 2017, both the pay-based and service-based components of the formula used to determine retirement benefits in the Pension Plan were frozen so that participants no longer earned further retirement benefits.
Under the Plan, pension benefits are based upon final average annual compensation where the annual compensation is total base earnings paid plus commissions. Bonuses, overtime, and dividends are excluded. The normal retirement benefit equals 1.2% of final average compensation (highest consecutive five years of annual compensation in the prior ten years) times years of service (up to a maximum of 25 years), plus 1% of average monthly compensation for each additional year of service (up to a maximum of 10 years), plus 0.65% of average monthly compensation in excess of covered compensation for each year of credited service up to 35 years. Covered compensation is the average of the social security taxable wage base in effect for the 35 year period prior to normal social security retirement age. See Note 13 for further details.

Defined Contribution Profit Sharing, Savings and Investment Plan:

The Corporation sponsors a 401(K) defined contribution profit sharing, savings and investment plan which covers all eligible employees. The Corporation contributes a non-discretionary 3% of gross annual wages (as defined by the 401(k) plan) for each participant, regardless of the participant’s deferral, in addition to a 50% match up to 6% of gross annual wages. Contributions made on behalf of employees hired prior to January 1, 2025 vest immediately. Contributions made on behalf of employees hired on or after January 1, 2025 will vest based on years of service over a three-year period. The plan's assets consist of Chemung Financial Corporation common stock, U.S. Government securities, corporate bonds and notes, and mutual funds. The plan’s expense is the amount of non-discretionary and matching contributions and is charged to non-interest expense in the Consolidated Statements of Income.
Defined Benefit Health Care Plan:

The Corporation sponsors a defined benefit health care plan that provides postretirement medical benefits to employees who meet minimum age and service requirements. Current retirees between the ages of 55 and 65, will continue to be eligible for coverage under the Corporation's self-insured plan, contributing 50% of the cost of the coverage. Employees who retired after July 1, 2006, and become Medicare eligible will only have access to the Medicare Blue PPO plan.  The cost of the plan is based on actuarial computations of current and future benefits for employees, and is charged to non-interest expense in the Consolidated Statements of Income. On October 20, 2016, the Corporation amended its defined benefit health care plan to not allow any new retirees into the plan, effective January 1, 2017. See Note 13 for further details.

Executive Supplemental Pension Plan:

U.S. laws place limitations on compensation amounts that may be included under the Pension Plan. The Executive Supplemental Pension Plan was provided to executives in order to produce total retirement benefits, as a percentage of compensation that is comparable to employees whose compensation is not restricted by the annual compensation limit. Pension amounts, which exceed the applicable Internal Revenue Service Code limitations, will be paid under the Executive Supplemental Pension Plan.
The Executive Supplemental Pension Plan is a “non-qualified plan” under the Internal Revenue Service Code. Contributions to the Plan are not held in trust; therefore, they may be subject to the claims of creditors in the event of bankruptcy or insolvency. When payments come due under the Plan, cash is distributed from general assets. The cost of the Plan is based on actuarial computations of current and future benefits for executives, and is charged to non-interest expense in the Consolidated Statements of Income.

Defined Contribution Supplemental Executive Retirement Plan:

The Defined Contribution Supplemental Executive Retirement Plan is provided to certain executives to motivate and retain key management employees by providing a non-qualified retirement benefit that is payable at retirement, disability, death, and certain other events.
The Supplemental Executive Retirement Plan is intended to be an unfunded plan maintained primarily for the purpose of providing deferred compensation benefits for a select group of management or highly compensated employees under Sections 201(2), 301(a)(3) and 401(a)(1) of the Employee Retirement Income Security Act of 1974. The plan’s expense is the Corporation’s annual contribution plus interest credits.
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION

2025 Equity Incentive Plan
The Corporation's 2025 Equity Incentive Plan (the "2025 Plan") is designed to align the interests of the Corporation’s executives, senior managers, and directors with the interests of the Corporation and its shareholders, to ensure the Corporation’s compensation practices are competitive and comparable with those of its peers, and to promote the retention of select management-level employees and directors. Under the terms of the 2025 Plan, the Compensation and Personnel Committee may approve discretionary grants of restricted shares of the Corporation’s common stock to or for the benefit of employees selected to participate in the 2025 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 2025 Plan may not exceed 160,000, upon which time the 2025 Plan will be amended, presented and approved by the Corporation's shareholders to include additional shares of the Corporation's common stock. Awards under the 2025 Plans may be vested no earlier than the first anniversary of the date on which the award is granted. Compensation expense for shares granted will be recognized over the vesting period of the award based upon the fair value of shares granted as of the grant date. On June 3, 2025, the Corporation's shareholders approved the 2025 Plan, replacing the Corporation's 2021 Equity Incentive Plan (the "2021 Plan"). No further awards will be granted under the 2021 Plan, but it shall remain in existence for the purpose of administering outstanding grants.
A Directors Deferred Fee Plan for non-employee directors of the Corporation or the Bank provides that directors may elect to defer receipt of all or any part of their fees. Deferrals are either credited with interest compounded quarterly at the applicable Federal rate for short-term debt instruments or converted to units, which appreciate or depreciate, as would an actual share of the Corporation’s common stock purchased on the deferral date. Cash deferrals will be paid into an interest bearing account and paid in cash. Units will be paid in shares of common stock. All directors’ fees are charged to non-interest expense in the Consolidated Statements of Income.

Non-qualified Deferred Compensation Plan:
The Deferred Compensation Plan allows a select group of management and employees to defer all or a portion of their annual compensation to a future date. Eligible employees are generally highly compensated employees and are designated by the Board of Directors from time to time. Investments in the plan are recorded as equity investments and deferred amounts are an unfunded liability of the Corporation. The plan requires deferral elections be made before the beginning of the calendar year during which the participant will perform the services to which the compensation relates. Participants in the Plan are required to elect a form of distribution, either lump sum payment or annual installments not to exceed ten years, and a time of distribution, either a specified age or a specified date. The terms and conditions for the deferral of compensation are subject to the provisions of 409A of the IRS Code. The income from investments is recorded in dividend income and non-interest income in the Consolidated Statements of Income. The cost of the plan is recorded in non-interest expense in the Consolidated Statements of Income.
GOODWILL AND INTANGIBLE ASSETS
GOODWILL AND INTANGIBLE ASSETS
Goodwill resulting from business combinations prior to January 1, 2009 represents the excess of the purchase price over the fair value of the net assets of businesses acquired. Goodwill resulting from business combinations after January 1, 2009, is generally determined as the excess of the fair value of consideration transferred, plus the fair value of any noncontrolling interests in the acquiree, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill and intangible assets acquired in a purchase business combination and determined to have an indefinite useful life are not amortized, but tested for impairment at least annually. The Corporation has selected December 31 as the date to perform the annual impairment test. Goodwill is the only intangible asset with an indefinite life on the Corporation's Consolidated Balance Sheets. Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. The balances are reviewed for impairment on an ongoing basis or whenever events or changes in business circumstances warrant a review of the carrying value. If impairment is determined to exist, the related write-down of the intangible asset's carrying value is charged to operations. Based on the most recent impairment reviews performed as of December 31, 2025 and 2024, the Corporation did not identify any impairment on its outstanding goodwill for the years ended December 31, 2025 and 2024.
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE
The Corporation has the ability to enter into sales of securities under agreements to repurchase. The agreements are treated as financings, and the obligations to repurchase securities sold are reflected as liabilities in the Consolidated Balance Sheets. The amount of the securities underlying the agreements continues to be carried in the Corporation's securities portfolio. The Corporation agrees to repurchase securities identical to those sold. The securities underlying the agreements are under the Corporation's control.
DERIVATIVES
DERIVATIVES

The Corporation utilizes interest rate swaps with commercial borrowers and third-party counterparties as well as risk participation agreements with lead banks in participation loan relationships wherein the Corporation guarantees a portion of the fair value of an interest rate swap entered into by the lead bank. These transactions are accounted for as derivatives. The Company’s derivatives are entered into in connection with its asset and liability management activities and are not for trading purposes.
The Company does not have any derivatives designated as hedges, therefore all derivatives are considered free standing and are recorded at fair value as derivative assets or liabilities on the Consolidated Balance Sheets, with changes in fair value recognized in the Consolidated Statements of Income as non-interest income.
Premiums received when entering into derivative contracts are recognized as part of the fair value of the derivative asset or liability and are carried at fair value with any gain or loss at inception and any changes in fair value reflected in income.
The Corporation does not typically require its commercial customers to post cash or securities as collateral on its back-to-back interest rate swap program. The Corporation may need to post collateral, either cash or certain qualified securities, in proportion to potential increases in unrealized loss positions.
OTHER FINANCIAL INSTRUMENTS
OTHER FINANCIAL INSTRUMENTS

The Corporation is a party to certain other financial instruments with off-balance sheet risk such as unused portions of lines of credit and commitments to fund new loans. The Corporation's policy is to record such instruments when funded.
EARNINGS PER COMMON SHARE
EARNINGS PER COMMON SHARE
Basic earnings per share is calculated using the two-class method, which is net income available to common shareholders divided by the weighted average number of common shares outstanding during the period, excluding participating securities. All outstanding unvested share-based payment awards, including those related to directors' and employee restricted stock awards, contain rights to non-forfeitable dividends and are considered participating securities when calculating basic earnings per share. Basic earnings per share information is adjusted to present comparative results for stock splits and stock dividends that occur.
COMPREHENSIVE INCOME
COMPREHENSIVE INCOME

Comprehensive income consists of net income and other comprehensive income. Other comprehensive income includes unrealized gains and losses on securities available for sale and changes in the funded status of the Corporation’s defined benefit pension plan and other benefit plans, net of the related tax effect, which are also recognized as separate components of equity.
SEGMENT REPORTING
SEGMENT REPORTING
The Corporation has identified separate operating segments and internal financial information is primarily reported and aggregated in two lines of business, banking and wealth management services.
RECLASSIFICATION
RECLASSIFICATION

Amounts in the prior years' consolidated financial statements are reclassified whenever necessary to conform to the current year's presentation. Reclassification adjustments had no impact on prior year net income or shareholders' equity.
RECENT ACCOUNTING PRONOUNCEMENTS AND USE OF ANALOGOUS ACCOUNTING STANDARDS
RECENT ACCOUNTING PRONOUNCEMENTS

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvement to Income Tax Disclosures, which will require public business entities to disclose annually a tabular rate reconciliation and income taxes paid information, including specific items such as state and local income tax, tax credits, nontaxable or nondeductible items, among others, and a separate disclosure requiring disaggregation of reconciling items as described above which equal or exceed 5% percent of the product of multiplying income from continuing operations by the applicable statutory income tax rate. Additionally, disclosure of income taxes paid by jurisdiction is required for each jurisdiction in which income taxes paid represented at least 5% of total income taxes paid. The Corporation adopted ASU 2023-09 for its fiscal year ended December 31, 2025, using the prospective method. See Note 12 for enhancements to the Corporation's income tax disclosures.
FAIR VALUE
Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants as of 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:
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 non-qualified deferred compensation plan and securities that have a readily determinable fair market value, are recorded with changes in fair value included in earnings. The fair value of equity investments is determined by quoted market prices (Level 1 inputs).

Collateral-Dependent Loans: Individually analyzed loans which receive a specific allocation as part of the allowance for credit losses or have been partially charged-off and are considered collateral-dependent are carried at fair value. 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 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 the utilization of Level 3 inputs. These loans are analyzed on a quarterly basis for additional credit loss and adjusted accordingly.

Other Real Estate Owned (OREO): Assets acquired through or in lieu of loan foreclosures are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. 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. Subsequent declines in fair value are recorded through the establishment of a valuation allowance, which may be reversed should fair value increase after the establishment of the valuation allowance.

Appraisals for both collateral-dependent individually analyzed 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 12 month period prior to a property being placed into OREO and updated appraisals are typically completed for collateral-dependent loans when management determines analysis on an individual basis is required. For individually analyzed 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 value of interest rate swaps is 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 value of derivatives is determined using quantitative models utilizing 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 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 the majority of inputs used to value its derivatives are considered Level 2 inputs, credit valuation adjustments are based on credit default rate assumptions, which are considered Level 3 inputs. As of December 31, 2025, the Corporation evaluated the effect of credit valuation adjustments on the fair value of its derivative positions, and determined their impact was not significant; accordingly, the Corporation classifies the entirety of its derivative valuations within Level 2 of the hierarchy.
v3.25.4
SECURITIES (Tables)
12 Months Ended
Dec. 31, 2025
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 as of December 31, 2025 and 2024 are as follows (in thousands):
 December 31, 2025
 Amortized CostGross Unrealized GainsGross Unrealized LossesAllowance for Credit LossesEstimated Fair Value
Mortgage-backed securities, residential$295,595 $76 $45,296 $— $250,375 
Collateralized mortgage obligations2,990 — 59 — 2,931 
Obligations of states and political subdivisions10,553 — 243 — 10,310 
Corporate bonds and notes18,750 — 1,768 — 16,982 
Total$327,888 $76 $47,366 $— $280,598 

 December 31, 2024
 Amortized CostGross Unrealized GainsGross Unrealized LossesAllowance for Credit LossesEstimated Fair Value
U.S. treasury notes and bonds$59,880 $— $2,974 $— $56,906 
Mortgage-backed securities, residential441,191 14 75,271 — 365,934 
Obligations of states and political subdivisions37,059 — 1,554 — 35,505 
Corporate bonds and notes25,750 — 3,734 — 22,016 
SBA loan pools53,391 35 2,345 — 51,081 
Total$617,271 $49 $85,878 $— $531,442 

Proceeds from and the gross realized gains and losses on sales and calls of securities available for sale for the year ended December 31, 2025 are presented below (in thousands).
2025
Proceeds from sales$227,305 
Gross realized gains$14 
Gross realized (losses)$(17,512)
Tax expense (benefit)$(4,261)
Schedule of Amortized Cost and Estimated Fair Value of Securities Held to Maturity
Amortized cost and estimated fair value of securities held to maturity as of December 31, 2025 and 2024 are as follows (in thousands):
 December 31, 2025
 Amortized CostGross Unrecognized GainsGross Unrecognized LossesAllowance for Credit LossesEstimated Fair Value
Obligations of states and political subdivisions$640 $— $— $— $640 
 December 31, 2024
 Amortized CostGross Unrecognized GainsGross Unrecognized LossesAllowance for Credit LossesEstimated Fair Value
Obligations of states and political subdivisions$808 $— $— $— $808 
Schedule of Amortized Cost and Estimated Fair Value of Debt Securities Available for Sale by Contractual Maturity Securities not due at a single maturity date are shown separately (in thousands):
 December 31, 2025
Available for SaleHeld to Maturity
Amortized CostEstimated Fair ValueAmortized
Cost
Fair
Value
Within one year$992 $988 $— $— 
After one, but within five years2,573 2,360 160 160 
After five, but within ten years25,588 23,800 480 480 
After ten years150 144 — — 
$29,303 $27,292 $640 $640 
Mortgage-backed securities, residential295,595 250,375 — — 
Collateralized mortgage obligations2,990 2,931 — — 
Total$327,888 $280,598 $640 $640 
Schedule of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value
The following tables summarize the investment securities available for sale with unrealized losses, for which an allowance for credit losses has not been recorded as of December 31, 2025 and 2024, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):

 Less than 12 months12 months or longerTotal
 Fair ValueUnrealized
Losses
Fair ValueUnrealized
Losses
Fair ValueUnrealized
Losses
2025
Mortgage-backed securities, residential$— $— $245,329 $45,296 $245,329 $45,296 
Collateralized mortgage obligations2,931 59 — — 2,931 59 
Obligations of states and political subdivisions— — 9,845 243 9,845 243 
Corporate bonds and notes984 16 15,998 1,752 16,982 1,768 
Total $3,915 $75 $271,172 $47,291 $275,087 $47,366 

 Less than 12 months12 months or longerTotal
 Fair ValueUnrealized
Losses
Fair ValueUnrealized
Losses
Fair ValueUnrealized
Losses
2024
U.S. treasury notes and bonds$— $— $56,906 $2,974 $56,906 $2,974 
Mortgage-backed securities, residential5,006 111 359,722 75,160 364,728 75,271 
Obligations of states and political subdivisions107 35,398 1,551 35,505 1,554 
Corporate bonds and notes1,921 79 20,095 3,655 22,016 3,734 
SBA loan pools564 46,018 2,344 46,582 2,345 
Total $7,598 $194 $518,139 $85,684 $525,737 $85,878 
v3.25.4
LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)
12 Months Ended
Dec. 31, 2025
Credit Loss [Abstract]  
Schedule of Composition of the Loan Portfolio by Type
The composition of the loan portfolio, net of deferred loan fees as of December 31, 2025 and 2024 is summarized as follows (in thousands):
 20252024
Commercial and industrial$324,185 $299,521 
Commercial mortgages:
Construction120,418 94,943 
Owner occupied commercial real estate178,620 142,279 
Non-owner occupied commercial real estate1,110,689 979,782 
Residential mortgages286,885 274,979 
Consumer loans:
Home equity lines and loans109,723 93,220 
Indirect consumer loans132,699 178,118 
Direct consumer loans6,342 8,577 
Total loans, net of deferred loan fees2,269,561 2,071,419 
Allowance for credit losses(24,209)(21,388)
Loans, net of allowance for credit losses$2,245,352 $2,050,031 
Schedule of Allowance for Loan Losses by Portfolio Segment
The following tables present the activity in the allowance for credit losses by portfolio segment for the years ended December 31, 2025 and 2024 (in thousands):
 December 31, 2025
Allowance for credit lossesCommercial and IndustrialCommercial MortgagesResidential MortgagesConsumer LoansTotal
Beginning balance, January 1, 2025$4,520 $11,214 $2,259 $3,395 $21,388 
Charge-offs:(797)(6)— (1,653)(2,456)
Recoveries:10 19 551 584 
Net (charge-offs) recoveries(787)(2)19 (1,102)(1,872)
Provision (1)
791 3,151 510 241 4,693 
Ending balance, December 31, 2025$4,524 $14,363 $2,788 $2,534 $24,209 
(1) Additional provision related to off-balance sheet exposure was a credit of $256 thousand for the year ended December 31, 2025.
 December 31, 2024
Allowance for credit lossesCommercial and IndustrialCommercial MortgagesResidential MortgagesConsumer LoansTotal
Beginning balance, January 1, 2024$5,055 $12,026 $2,194 $3,242 $22,517 
Charge-offs:(302)— (21)(1,550)(1,873)
Recoveries:128 62 519 713 
Net recoveries (charge-offs)(174)41 (1,031)(1,160)
Provision (1)
(361)(816)24 1,184 31 
Ending balance, December 31, 2024$4,520 $11,214 $2,259 $3,395 $21,388 
(1) Additional provision related to off-balance sheet exposure was a credit of $77 thousand for the year ended December 31, 2024.
The following table presents the activity in the allowance for credit losses on unfunded commitments for the years ended December 31, 2025 and 2024:
For the Years Ended December 31,
Allowance for credit losses on unfunded commitments20252024
Beginning balance$842 $919 
Provision (credit) for credit losses on unfunded commitments (256)(77)
Ending balance$586 $842 

The following table presents the provision for credit losses on loans and unfunded commitments for the years ended December 31, 2025 and 2024 (in thousands):
For the Years Ended December 31,
Provision for credit losses20252024
Provision for credit losses on loans$4,693 $31 
Provision (credit) for credit losses on unfunded commitments (256)(77)
Total provision (credit) for credit losses$4,437 $(46)

The following tables present the balance in the allowance for credit losses and the amortized cost basis in loans by portfolio segment and based on analysis status as of December 31, 2025 and 2024 (in thousands):


 December 31, 2025
Allowance for credit lossesCommercial
and
Industrial
Commercial MortgagesResidential MortgagesConsumer LoansTotal
Ending allowance balance attributable to loans:
Individually analyzed $641 $506 $— $— $1,147 
Collectively analyzed 3,883 13,857 2,788 2,534 23,062 
Total ending allowance balance$4,524 $14,363 $2,788 $2,534 $24,209 
 December 31, 2024
Allowance for credit lossesCommercial
and
Industrial
Commercial MortgagesResidential MortgagesConsumer LoansTotal
Ending allowance balance attributable to loans:
Individually analyzed$1,446 $106 $— $— $1,552 
Collectively analyzed3,074 11,108 2,259 3,395 19,836 
Total ending allowance balance$4,520 $11,214 $2,259 $3,395 $21,388 

 December 31, 2025
LoansCommercial
and
Industrial
Commercial MortgagesResidential MortgagesConsumer LoansTotal
Loans individually analyzed$693 $3,167 $— $327 $4,187 
Loans collectively analyzed323,492 1,406,560 286,885 248,437 2,265,374 
Total ending loans balance$324,185 $1,409,727 $286,885 $248,764 $2,269,561 

 December 31, 2024
LoansCommercial
and
Industrial
Commercial MortgagesResidential MortgagesConsumer LoansTotal
Loans individually analyzed$1,512 $4,959 $— $— $6,471 
Loans collectively analyzed298,009 1,212,045 274,979 279,915 2,064,948 
Total ending loans balance$299,521 $1,217,004 $274,979 $279,915 $2,071,419 
Schedule of Financing Receivable, Modified
The following tables summarize the amortized cost basis of loans modified during the years ended December 31, 2025 and 2024 (in thousands):
December 31, 2025
Loans modified under ASU 2022-02Principal ReductionInterest Rate ReductionTerm ExtensionPayment DelayCombinationTotal
(%) of Loan Class (1)
Commercial mortgages:
Non-owner occupied commercial real estate$— $— $950 $3,408 $446 $4,804 0.43 %
Residential mortgages— — — 170 — 170 0.06 %
Total$— $— $950 $3,578 $446 $4,974 
(1) Represents the amortized cost basis of loans modified during the period as a percentage of the period-end loan balances by class.
December 31, 2024
Loans modified under ASU 2022-02Principal ReductionInterest Rate ReductionTerm ExtensionPayment DelayCombinationTotal
(%) of Loan Class (1)
Commercial and industrial$— $— $384 $— $— $384 0.13 %
Commercial mortgages:— 
Owner occupied commercial real estate— — — 376 — 376 0.26 %
Residential mortgages— — — 440 — 440 0.16 %
Total$— $— $384 $816 $— $1,200 
(1) Represents the amortized cost basis of loans modified during the period as a percentage of the period-end loan balances by class.

The following tables present the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty during the years ended December 31, 2025 and 2024:

December 31, 2025
Effect of loan modifications under ASU 2022-02Principal reduction
(in thousands)
Weighted average interest rate reduction (%)Weighted average term extension
(in months)
Weighted-average payment delay
(in months)
Commercial mortgages:
Non-owner occupied commercial real estate$——%9 months6 months
Residential mortgages$——%0 months6 months

December 31, 2024
Effect of loan modifications under ASU 2022-02Principal Reduction (in thousands)Weighted average interest rate reduction (%)Weighted average term extension
(in months)
Weighted average payment delay
(in months)
Commercial and industrial—%60 months0 months
Commercial mortgages:
Owner occupied commercial real estate—%0 months101 months
Residential mortgages—%0 months6 months
Schedule of Recorded Investment in Past Due and Non-Accrual Status by Class of Loans The following tables present the performance of such loans that were modified in the twelve month periods preceding December 31, 2025 and 2024 (in thousands):
Twelve Months Ended December 31, 2025
Past Due Status of Modifications under ASU 2022-02:30-59 Days Past Due60-89 Days Past DueGreater Than 89 Days Past DueLoans Not Past DueTotal
Commercial mortgages:
Non-owner occupied commercial real estate— — — 4,804 4,804 
Residential mortgages (1)
— — — 170 170 
Total$— $— $— $4,974 $4,974 
Twelve Months Ended December 31, 2024
Past Due Status of Modifications under ASU 2022-02:30-59 Days Past Due60-89 Days Past DueGreater Than 89 Days Past DueLoans Not Past DueTotal
Commercial and industrial$— $— $— $384 $384 
Commercial mortgages:
Owner occupied commercial real estate— — — 376 376 
Residential mortgages— — 440 — 440 
Total$— $— $440 $760 $1,200 
The following table presents the amortized cost basis of nonaccrual loans without an associated allocation in the allowance for credit losses, total nonaccrual loans, and loans pasts due 90 days or greater which were still accruing, by class of loans, as of December 31, 2025 and 2024 (in thousands):

Nonaccrual with No Allowance for Credit LossesNonaccrualLoans Past Due 90 Days or More and Still Accruing
202520242025202420252024
Commercial and industrial$136 $76 $779 $1,534 $17 $23 
Commercial mortgages:
Owner occupied commercial real estate625 1,362 629 1,377 — — 
Non-owner occupied commercial real estate23 2,619 2,538 3,582 — — 
Residential mortgages1,753 1,372 1,753 1,372 — — 
Consumer loans:
Home equity lines and loans1,005 613 1,005 613 — — 
Indirect consumer loans1,117 474 1,117 474 — — 
Direct consumer loans87 87 — — 
Total$4,746 $6,518 $7,908 $8,954 $17 $23 

The following tables present the aging of the amortized cost basis in loans as of December 31, 2025 and 2024 (in thousands):

December 31, 2025
30 - 59 Days Past Due60-89 Days Past DueGreater Than 89 Days Past DueTotal Past DueLoans Not Past DueTotal
Commercial and industrial$817 $55 $36 $908 $323,277 $324,185 
Commercial mortgages:
Construction— — — — 120,418 120,418 
Owner occupied commercial real estate105 — 96 201 178,419 178,620 
Non-owner occupied commercial real estate— — 2,538 2,538 1,108,151 1,110,689 
Residential mortgages1,277 693 901 2,871 284,014 286,885 
Consumer loans:
Home equity lines and loans747 26 249 1,022 108,701 109,723 
Indirect consumer loans2,312 656 616 3,584 129,115 132,699 
Direct consumer loans23 16 44 6,298 6,342 
Total$5,281 $1,446 $4,441 $11,168 $2,258,393 $2,269,561 
December 31, 2024
30 - 59 Days Past Due60-89 Days Past DueGreater Than 89 Days Past DueTotal Past DueLoans Not Past DueTotal
Commercial and industrial$140 $201 $702 $1,043 $298,478 $299,521 
Commercial mortgages:
Construction— — — — 94,943 94,943 
Owner occupied commercial real estate82 — 96 178 142,101 142,279 
Non-owner occupied commercial real estate950 — 3,162 4,112 975,670 979,782 
Residential mortgages1,529 662 696 2,887 272,092 274,979 
Consumer loans:
Home equity lines and loans231 — 364 595 92,625 93,220 
Indirect consumer loans2,101 719 235 3,055 175,063 178,118 
Direct consumer loans14 21 8,556 8,577 
Total$5,047 $1,588 $5,256 $11,891 $2,059,528 $2,071,419 
Schedule Of Analysis Of Collateral Dependent Loans
The following table presents the amortized cost basis and related allowance for credit loss of individually analyzed loans considered to be collateral-dependent as of December 31, 2025 and 2024 (in thousands):

December 31, 2025December 31, 2024
Amortized Cost BasisRelated AllowanceAmortized Cost BasisRelated Allowance
Commercial and industrial (2)
$50 $— $130 $65 
Commercial mortgages:
Owner occupied commercial real estate (1) (2)
629 1,377 15 
Non-owner occupied commercial real estate (1)
1,167 199 3,582 91 
Consumer loans:
Home equity lines and loans (3)
327 — — — 
Total$2,173 $203 $5,089 $171 
(1) Secured by commercial real estate
(2) Secured by business assets
(3) Secured by residential real estate
Schedule of Risk Category of Recorded Investment of Loans by Class of Loans
Based on the analyses performed as of December 31, 2025, the risk category of the amortized cost basis of loans by class of loans and vintage, as well as the gross charge-offs by loan class and vintage for the period, are as follows (in thousands):
Term Loans - Amortized Cost by Origination YearRevolving Loans Amortized CostRevolving Loans Converted to TermTotal
20252024202320222021Prior
Commercial and industrial
Pass$52,419 $25,663 $22,131 $25,382 $11,367 $15,765 $135,641 $2,726 $291,094 
Special Mention1,616 31 496 2,163 1,412 6,852 13,139 3,631 29,340 
Substandard— 317 13 — 42 — 2,645 75 3,092 
Doubtful— — — — — 584 — 75 659 
Total54,035 26,011 22,640 27,545 12,821 23,201 151,425 6,507 324,185 
Gross charge-offs— 19 — — 772 — — 797 
Construction
Pass38,266 29,670 33,259 14,754 1,213 1,323 1,933 — 120,418 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Total38,266 29,670 33,259 14,754 1,213 1,323 1,933 — 120,418 
Gross charge-offs— — — — — — — — — 
Owner occupied commercial real estate
Pass48,350 23,186 17,531 23,050 12,966 31,441 590 39 157,153 
Special Mention— — 4,681 1,646 6,912 3,567 2,000 — 18,806 
Substandard1,207 — 96 468 — 886 — — 2,657 
Doubtful— — — — — — — 
Total49,557 23,186 22,308 25,164 19,878 35,898 2,590 39 178,620 
Gross charge-offs— — — — — — — — — 
Non-owner occupied commercial real estate
Pass162,357 102,759 99,585 242,886 133,385 279,901 9,102 726 1,030,701 
Special Mention— — 15,301 18,852 13,006 27,806 — — 74,965 
Substandard2,039 — 2,515 — — 469 — — 5,023 
Doubtful— — — — — — — — — 
Total164,396 102,759 117,401 261,738 146,391 308,176 9,102 726 1,110,689 
Gross charge-offs— — — — — — — 
Residential mortgages
Not rated38,892 24,307 17,590 50,866 50,380 102,421 — — 284,456 
Special Mention— — — — 426 — — — 426 
Substandard— — 69 295 309 1,330 — — 2,003 
Total38,892 24,307 17,659 51,161 51,115 103,751 — — 286,885 
Gross charge-offs— — — — — — — — — 
Home equity lines and loans
Not rated7,882 12,004 8,849 11,138 4,113 10,124 53,219 1,275 108,604 
Special Mention— — — 114 — — — — 114 
Substandard— — 22 207 — 192 112 472 1,005 
Total7,882 12,004 8,871 11,459 4,113 10,316 53,331 1,747 109,723 
Gross charge-offs— — — — — — — — — 
Indirect consumer
Not rated23,872 26,326 33,271 39,644 6,197 2,207 — — 131,517 
Substandard82 395 386 249 26 44 — — 1,182 
Total23,954 26,721 33,657 39,893 6,223 2,251 — — 132,699 
Gross charge-offs12 345 641 358 121 78 — — 1,555 
Direct consumer
Not rated1,591 1,339 750 460 60 154 1,969 6,327 
Substandard— — — — 10 — 15 
Total1,593 1,339 750 463 60 154 1,979 6,342 
Gross charge-offs12 27 23 12 — 21 — 98 
Total loans$378,575 $245,997 $256,545 $432,177 $241,814 $485,070 $220,360 $9,023 $2,269,561 
Total gross charge-offs$24 $391 $664 $370 $896 $84 $27 $— $2,456 
Based on the analyses performed as of December 31, 2024, the risk category of the amortized cost basis of loans by class of loans and vintage, as well as the gross charge-offs by loan class and vintage for the period, are as follows (in thousands):
Term Loans - Amortized Cost by Origination YearRevolving Loans Amortized CostRevolving Loans Converted to TermTotal
20242023202220212020Prior
Commercial and industrial
Pass$44,130 $32,157 $34,862 $16,787 $8,326 $27,452 $108,819 $1,380 $273,913 
Special Mention810 262 3,933 — 4,390 3,673 10,203 62 23,333 
Substandard99 — 733 30 — 379 318 1,567 
Doubtful21 — — — — 687 — — 708 
Total45,060 32,419 38,803 17,520 12,746 31,812 119,401 1,760 299,521 
Gross charge-offs— 84 200 — — 12 — 302 
Construction
Pass19,344 46,954 17,568 9,058 — 1,536 483 — 94,943 
Special Mention— — — — — — — — — 
Substandard— — — — — — — — — 
Doubtful— — — — — — — — — 
Total19,344 46,954 17,568 9,058 — 1,536 483 — 94,943 
Gross charge-offs— — — — — — — — — 
Owner occupied commercial real estate
Pass23,196 23,185 26,945 20,979 9,513 31,222 97 55 135,192 
Special Mention— 370 — 109 — 2,206 2,000 — 4,685 
Substandard— 96 863 321 — 1,107 — — 2,387 
Doubtful— — — — — 15 — — 15 
Total23,196 23,651 27,808 21,409 9,513 34,550 2,097 55 142,279 
Gross charge-offs— — — — — — — — — 
Non-owner occupied commercial real estate
Pass97,155 109,354 267,280 141,864 97,828 233,084 6,696 777 954,038 
Special Mention— — 5,935 7,793 — 7,833 — — 21,561 
Substandard— 2,148 146 — 1,014 875 — — 4,183 
Doubtful— — — — — — — — — 
Total97,155 111,502 273,361 149,657 98,842 241,792 6,696 777 979,782 
Gross charge-offs— — — — — — — — — 
Residential mortgages
Not rated21,574 20,257 55,321 55,152 64,471 56,708 — — 273,483 
Substandard— — 85 771 220 420 — — 1,496 
Total21,574 20,257 55,406 55,923 64,691 57,128 — — 274,979 
Gross charge-offs— — — — — 21 — — 21 
Home equity lines and loans
Not rated13,833 10,657 14,094 4,879 2,503 10,259 35,015 1,252 92,492 
Special Mention— — 115 — — — — — 115 
Substandard— 24 63 — — 195 116 215 613 
Total13,833 10,681 14,272 4,879 2,503 10,454 35,131 1,467 93,220 
Gross charge-offs— — — — 11 — 13 
Indirect consumer
Not rated37,746 52,480 67,237 13,266 4,194 2,726 — — 177,649 
Substandard75 157 107 79 11 40 — — 469 
Total37,821 52,637 67,344 13,345 4,205 2,766 — — 178,118 
Gross charge-offs47 517 525 161 99 116 — — 1,465 
Direct consumer
Not rated2,420 1,681 1,454 275 41 225 2,455 14 8,565 
Substandard— — — — — — 10 12 
Total2,420 1,681 1,454 275 41 225 2,465 16 8,577 
Gross charge-offs21 20 14 — — 72 
Total loans$260,403 $299,782 $496,016 $272,066 $192,541 $380,263 $166,273 $4,075 $2,071,419 
Total gross charge-offs$52 $622 $746 $181 $99 $152 $21 $— $1,873 
v3.25.4
PREMISES AND EQUIPMENT (Tables)
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Premises and Equipment
Premises and equipment as of December 31, 2025 and 2024 are as follows (in thousands):
 20252024
Land$4,298 $4,298 
Buildings39,602 39,462 
Projects in progress11 78 
Equipment and furniture37,251 36,975 
Leasehold improvements5,701 5,726 
 86,863 86,539 
Less accumulated depreciation and amortization71,462 70,164 
Net book value$15,401 $16,375 
The Corporation has included these finance leases in premises and equipment as follows:
 20252024
Buildings$6,507 $6,507 
Accumulated amortization(3,615)(3,236)
Net book value$2,892 $3,271 
v3.25.4
LEASES (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Assets and Liabilities, Lessee
Leased branch properties as of December 31, 2025 and December 31, 2024 classified as operating leases consist of the following (in thousands):
20252024
Operating lease right-of-use asset$5,446 $5,648 
Less: accumulated amortization(771)(772)
Add: lease modifications80 570 
Operating lease right-of-use-assets, net$4,755 $5,446 
Schedule of Lessee, Operating Lease, Liability, Maturity
The following is a schedule by year of the undiscounted cash flows of the operating lease liabilities, excluding CAM charges, as of December 31, 2025 (in thousands):
YearAmount
2026$965 
2027977 
2028845 
2029830 
2030705 
2031 and thereafter1,163 
Total minimum lease payments5,485 
Less: amount representing interest(548)
Present value of net minimum lease payments$4,937 
Schedule of Finance Lease, Liability, Maturity
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 December 31, 2025 (in thousands):
YearAmount
2026$502 
2027505 
2028505 
2029511 
2030318 
2031 and thereafter2,119 
Total minimum lease payments4,460 
Less: amount representing interest(1,016)
Present value of net minimum lease payments$3,444 
v3.25.4
GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill
The changes in goodwill included in the core banking segment during the years ended December 31, 2025 and 2024 were as follows (in thousands):
 20252024
Beginning of year$21,824 $21,824 
Acquired goodwill— — 
End of year$21,824 $21,824 
v3.25.4
DEPOSITS (Tables)
12 Months Ended
Dec. 31, 2025
Deposits [Abstract]  
Schedule of Deposits
A summary of deposits as of December 31, 2025 and 2024 is as follows (in thousands):
 20252024
Non interest-bearing demand deposits$624,532 $625,762 
Interest-bearing demand deposits326,645 306,536 
Insured money market deposits 601,391 595,123 
Savings deposits254,490 245,550 
Certificates of deposits $250,000 or less339,320 401,563 
Certificates of deposits greater than $250,00098,714 101,125 
Brokered deposits (1)
— 92,159 
Other time deposits (2)
25,582 29,065 
  Total$2,270,674 $2,396,883 
(1) Brokered deposits which are individually $250,000 and under.
(2) Includes Individual Retirement Accounts and Christmas Club Accounts.
Schedule of Maturities of Time Deposits
Scheduled maturities of time deposits as of December 31, 2025, are summarized as follows (in thousands):
YearMaturities
2026$445,122 
202712,899 
20284,497 
2029386 
2030694 
2031 and thereafter18 
  Total$463,616 
v3.25.4
FEDERAL HOME LOAN BANK TERM ADVANCES AND OTHER BORROWINGS (Tables)
12 Months Ended
Dec. 31, 2025
Advance from Federal Home Loan Bank [Abstract]  
Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank
The following is a summary of FHLBNY overnight advances as of December 31, 2025 and 2024. The carrying amount includes the advance balance (in thousands):
20252024
AmountRateAmountRate
$87,110 3.96 %$109,110 4.69 %
Schedule of Corporation's Subordinated Notes Outstanding
The following table summarizes the Corporation's subordinated notes outstanding as of December 31, 2025 (in thousands):

2025
AmountRateMaturity Date
$44,028 7.75 %June 15, 2035
v3.25.4
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
12 Months Ended
Dec. 31, 2025
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 years ended December 31, 2025 and 2024 (in thousands). Items outside the scope of ASC 606 are noted as such.
Year ended December 31, 2025
Revenue by Operating Segment:
Core Banking (b)
WMGHolding Company and CFSTotal
Non-interest income
Service charges on deposit accounts
         Overdraft fees$2,862 $— $— $2,862 
         Other1,565 — — 1,565 
Interchange revenue from debit card transactions4,302 — — 4,302 
WMG fee income— 11,945 — 11,945 
CFS fee and commission income— — 1,176 1,176 
Net gains (losses) on sales of OREO— — 
Net gains on sales of loans(a)
261 — — 261 
Net (losses) on sales of securities(a)
(17,498)— — (17,498)
Loan servicing fees(a)
149 — — 149 
Change in fair value of equity securities(a)
202 — 211 
Income from bank-owned life insurance(a)
32 — — 32 
Other(a)
2,938 — — 2,938 
Total non-interest income$(5,185)$11,945 $1,185 $7,945 
(a) Not within scope of ASC 606.
(b) The Core Banking column above includes amounts to eliminate transactions between segments.


Year ended December 31, 2024
Revenue by Operating Segment:
Core Banking (b)
WMGHolding Company and CFSTotal
Non-interest income
Service charges on deposit accounts
         Overdraft fees$2,997 $— $— $2,997 
         Other1,045 — — 1,045 
Interchange revenue from debit card transactions4,426 — — 4,426 
WMG fee income— 11,573 — 11,573 
CFS fee and commission income— — 1,054 1,054 
Net gains (losses) on sales of OREO(18)— — (18)
Net gains on sales of loans(a)
214 — — 214 
Loan servicing fees(a)
144 — — 144 
Change in fair value of equity securities(a)
203 — (24)179 
Income from bank-owned life insurance(a)
38 — — 38 
Other(a)
1,578 — — 1,578 
Total non-interest income$10,627 $11,573 $1,030 $23,230 
(a) Not within scope of ASC 606.
(b) The Core Banking column above includes amounts to eliminate transactions between segments.
v3.25.4
DERIVATIVES (Tables)
12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The following table presents information regarding derivative financial instruments, as of December 31:
2025
Derivatives not designated as hedging instruments:Number of InstrumentsNotional AmountWeighted Average Maturity
(in years)
Weighted Average Interest Rate ReceivedWeighted Average Contract Pay RateFair Value
Interest rate swap agreements on loans with commercial loan customers66$434,703 4.64.88%5.77%$(11,362)
Interest rate swap agreements with third-party counter-parties66434,703 4.65.77%4.88%11,244 
Risk participation agreements629,669 6.0(14)
Total138$899,075 $(132)

2024
Derivatives not designated as hedging instruments:Number of InstrumentsNotional AmountWeighted Average Maturity
(in years)
Weighted Average Interest Rate ReceivedWeighted Average Contract Pay RateFair Value
Interest rate swap agreements on loans with commercial loan customers51$340,117 5.54.53 %6.37 %$(23,411)
Interest rate swap agreements with third-party counter-parties51340,117 5.56.37 %4.53 %23,395 
Risk participation agreements522,988 7.8(6)
Total107$703,222 $(22)
Schedule of Derivatives Not Designated as Hedging Instruments, Statements of Income
Amounts included in the Consolidated Statements of Income related to derivatives not designated as hedging instruments were as follows:
Years Ended December 31,
Derivatives not designated as hedging instruments:
20252024
Interest rate swap agreements with commercial loan customers:
   Unrealized (loss) recognized in non-interest income$12,049 $(4,056)
Interest rate swap agreements with third-party counter-parties:
   Unrealized gain recognized in non-interest income(12,151)4,079 
Risk participation agreements:
   Unrealized gain (loss) recognized in non-interest income(8)(6)
Unrealized gain (loss) recognized in non-interest income$(110)$17 
v3.25.4
INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense Attributable to Income from Operations
For the years ended December 31, 2025 and 2024, income tax expense attributable to income from operations consisted of the following (in thousands):
20252024
Current expense:
Federal$6,875 $4,877 
State630 416 
Total current7,505 5,293 
Deferred expense/(benefit):
Federal(2,938)1,029 
State(556)92 
Establishment of valuation allowance821 — 
Total deferred(2,673)1,121 
Income tax expense$4,832 $6,414 
Schedule of Reconciliation of Income Tax Expense
Income tax expense differed from the amounts computed by applying the U.S. Federal statutory income tax rate to income before income tax expense as follows (in thousands, except percentages):
2025
AmountsPercentages
Income taxes at the U.S. federal statutory tax rate$4,187 21.0 %
State and local income taxes, net of federal income tax impact (a) 134 0.7 %
Changes in valuation allowances745 3.7 %
Nontaxable or nondeductible items
Municipal interest income(360)(1.8)%
Other91 0.5 %
Other adjustments35 0.1 %
Total$4,832 24.2 %
(a) State taxes in New York made up the majority (greater than 50 percent) of the tax effect in this category.
Income tax expense differed from the amounts computed by applying the U.S. Federal statutory income tax rate to income before income tax expense as follows (in thousands) in accordance with the guidance prior to the adoption of ASU 2023-09:
 2024
Statutory federal tax rate21 %
Tax computed at statutory rate$6,318 
Increase (reduction) resulting from:
Tax-exempt income(528)
Dividend exclusion(10)
State taxes, net of Federal impact437 
Nondeductible interest expense51 
Other items, net146 
Income tax expense$6,414 
Effective tax rate21.3 %
Schedule of Income Taxes Paid
For the year ended December 31, 2025, the Corporation made the following income tax payments, net of refunds received:
2025
U.S. federal taxes$5,950 
State and local taxes
New York398 
Total income taxes paid$6,348 
Schedule of Deferred Tax Assets and Deferred Tax Liabilities
The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of December 31, 2025 and 2024, are presented below (in thousands):
Deferred tax assets:
20252024
Allowance for credit losses$6,534 $5,858 
Depreciation1,334 1,122 
Deferred compensation and directors' fees1,656 1,444 
Operating lease liabilities1,253 1,435 
Purchase accounting adjustment – fixed assets154 154 
Net unrealized losses on securities available for sale12,484 22,487 
Defined benefit pension and other benefit plans448 527 
Nonaccrued interest381 381 
Accrued expense52 74 
Capital loss carryforward2,694 — 
Other items, net114 135 
Total gross deferred tax assets27,104 33,617 
Deferred tax liabilities:
Deferred loan fees and costs1,054 1,220 
Prepaid pension4,268 4,283 
Discount accretion195 163 
Core deposit intangible1,847 1,821 
REIT dividend1,107 775 
Operating lease right-of-use assets1,253 1,435 
Accrual for employee benefit plans15 11 
Other items, net285 241 
Total gross deferred tax liabilities10,024 9,949 
Valuation allowance821 — 
Net deferred tax asset$16,259 $23,668 
v3.25.4
PENSION PLAN AND OTHER BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Schedule of Change in Benefit Obligation
The following table presents (1) changes in the plan's projected benefit obligation and plan assets, and (2) the plan's funded status as of December 31, 2025 and 2024 (in thousands):

Change in projected benefit obligation:20252024
Benefit obligation at beginning of year$29,169 $31,023 
Service cost— — 
Interest cost1,590 1,531 
Actuarial (gain) loss883 (1,133)
Curtailments— — 
Settlements— — 
Benefits paid(2,274)(2,252)
Benefit obligation at end of year$29,368 $29,169 
The following table presents (1) changes in the plan's accumulated postretirement benefit obligation and (2) the plan's funded status as of December 31, 2025 and 2024 (in thousands):
Changes in accumulated postretirement benefit obligation:20252024
Accumulated postretirement benefit obligation - beginning of year$87 $76 
Service cost— — 
Interest cost
Participant contributions16 17 
Amendments— — 
Actuarial (gain) loss14 40 
Benefits paid(50)(51)
Accumulated postretirement benefit obligation at end of year$72 $87 
The following table presents Executive Supplemental Pension plan status as of December 31, 2025 and 2024 (in thousands):
Change in projected benefit obligation:20252024
Benefit obligation at beginning of year$859 $924 
Service cost— — 
Interest cost45 44 
Actuarial (gain) loss18 — 
Benefits paid(109)(109)
Projected benefit obligation at end of year$813 $859 
Schedule of Change in Plan Assets
Change in plan assets:20252024
Fair value of plan assets at beginning of year$48,107 $46,950 
Actual return on plan assets3,549 3,409 
Employer contributions— — 
Settlements— — 
Benefits paid(2,274)(2,252)
Fair value of plan assets at end of year$49,382 $48,107 
Funded status$20,014 $18,938 
Change in plan assets:20252024
Fair value of plan assets at beginning of year$— $— 
Employer contribution34 34 
Plan participants’ contributions16 17 
Benefits paid(50)(51)
Fair value of plan assets at end of year$— $— 
Unfunded status$(72)$(87)
Changes in plan assets:20252024
Fair value of plan assets at beginning of year$— $— 
Employer contributions109 109 
Benefits paid(109)(109)
Fair value of plan assets at end of year$— $— 
Unfunded status$(813)$(859)
Schedule of Amount Recognized in Accumulated Other Comprehensive Income
Amount recognized in accumulated other comprehensive income (loss) as of December 31, 2025 and 2024 consist of the following (in thousands):
 20252024
Net actuarial loss$1,379 $1,936 
Prior service cost— — 
Total before tax effects$1,379 $1,936 
Amount recognized in accumulated other comprehensive income (loss) as of December 31, 2025 and 2024 consist of the following (in thousands):
 20252024
Net actuarial loss$119 $123 
Prior service credit— — 
Total before tax effects$119 $123 
Amounts recognized in accumulated other comprehensive income (loss) as of December 31, 2025 and 2024 consist of the following (in thousands):
 20252024
Net actuarial loss$199 $192 
Prior service cost— — 
Total before tax effects$199 $192 
Schedule of Assumptions Used in Determining Benefit Obligation
The principal actuarial assumptions used in determining the projected benefit obligation as of December 31, 2025 and 2024 were as follows:
 20252024
Discount rate5.40 %5.63 %
Assumed rate of future compensation increaseN/AN/A
Weighted-average interest crediting rateN/AN/A
Weighted-average assumption for disclosure as of December 31:20252024
Discount rate5.40 %5.63 %
Assumed rate of future compensation increaseN/AN/A
Weighted-average interest crediting rateN/AN/A
Schedule of Components of Net Periodic Benefit Cost
Components of net periodic benefit cost and other amounts recognized in other comprehensive income (loss) in 2025 and 2024 consist of the following (in thousands):

Net periodic benefit cost20252024
Service cost, benefits earned during the year$— $— 
Interest cost on projected benefit obligation1,590 1,531 
Expected return on plan assets(2,109)(2,517)
Amortization of net loss— — 
Amortization of  prior service cost— — 
Recognized (gain) loss due to settlements— — 
Net periodic cost (benefit)$(519)$(986)
The components of net periodic postretirement benefit cost for the years ended December 31, 2025 and 2024 are as follows (in thousands):
Net periodic cost (benefit)20252024
Service cost$— $— 
Interest cost
Expected return on plan assets— — 
Amortization of prior service benefit— — 
Recognized actuarial loss19 19 
Recognized prior service benefit due to curtailments— — 
Net periodic postretirement cost (benefit)$24 $24 
The components of net periodic benefit cost for the years ended December 31, 2025 and 2024 are as follows (in thousands):
Net periodic benefit cost20252024
Service cost$— $— 
Interest cost45 44 
Recognized actuarial loss11 11 
Net periodic postretirement benefit cost$56 $55 
Schedule of Other Amounts Recognized in Other Comprehensive Income
Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss):20252024
Net actuarial (gain) loss$(557)$(2,025)
Recognized loss— — 
Amortization of prior service cost— — 
Total recognized in other comprehensive income (loss) (before tax effect)$(557)$(2,025)
Total recognized in net (benefit) cost and other comprehensive income (loss) (before tax effect)$(1,076)$(3,011)
Other changes in plan assets and benefit obligations
  recognized  in other comprehensive income (loss):
20252024
Net actuarial (gain) loss$14 $40 
Recognized actuarial loss(19)(19)
Prior service credit— — 
Amortization of prior service benefit— — 
Total recognized in other comprehensive income (loss)(before tax effect)$(5)$21 
Total recognized in net benefit cost and other comprehensive income (loss) (before tax effect)$19 $45 
Other changes in plan assets and benefit obligation recognized in other comprehensive income (loss):20252024
Net actuarial (gain) loss$18 $— 
Recognized actuarial loss(11)(11)
Total recognized in other comprehensive income (loss) (before tax effect)$$(11)
Total recognized in net benefit cost and other comprehensive income (loss) (before tax effect)$63 $44 
Schedule of Assumptions Used in Determining Net Periodic Benefit Cost
The principal actuarial assumptions used in determining the net periodic benefit cost for the years ended December 31, 2025, 2024 were as follows:
 20252024
Discount rate5.63 %5.07 %
Expected return on assets4.50 %5.50 %
Assumed rate of future compensation increaseN/AN/A
Weighted-average interest crediting rateN/AN/A
Weighted-average assumptions for net periodic cost as of December 31:20252024
Discount rate5.63 %5.07 %
Expected asset returnN/AN/A
Assumed rate of future compensation increaseN/AN/A
Weighted-average interest crediting rateN/AN/A
Schedule of Target Assets Allocations
The expected return on plan assets was determined based on a CAPM using historical and expected future returns of the various asset classes, reflecting the target allocations described below.
Asset ClassTarget Allocation 2025Percentage of Plan Assets as of December 31,Expected Long-Term Rate of Return
  20252024 
Large cap domestic equities
0% - 30%
17 %15 %12.5 %
Mid-cap domestic equities
0% - 6%
%— %10.0 %
Small-cap domestic equities
0% - 5%
%— %8.8 %
International equities
0% - 6%
%— %6.8 %
Emerging market equities
0% - 5%
%— %4.2 %
Intermediate fixed income
60% - 100%
74 %69 %2.7 %
Alternative assets
0% - 15%
— %— %— %
Cash
0% - 25%
%16 %1.6 %
Total 100 %100 % 
Schedule of Fair Value of Plan Assets
The fair value of the plan assets as of December 31, 2025 and 2024, by asset class are as follows (in thousands):
Fair Value Measurement as of December 31, 2025 Using
Plan AssetsCarrying ValueQuoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Cash$2,780 $2,780 $— $— 
Equity securities:    
U.S. companies2,859 2,859 — — 
International companies107 107 — — 
Mutual funds41,664 41,664 — — 
Debt securities:    
U.S. Treasuries/Government bonds1,972 1,972 — — 
U.S. Corporate bonds— — — — 
Total plan assets$49,382 $49,382 $— $— 

Fair Value Measurement as of December 31, 2024 Using
Plan AssetsCarrying ValueQuoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Cash$7,577 $7,577 $— $— 
Equity securities:    
U.S. companies— — — — 
International companies— — — 
Mutual funds38,620 38,620 — — 
Debt securities:    
U.S. Treasuries/Government bonds1,910 1,910 — — 
U.S. Corporate bonds— — — — 
Foreign bonds, notes & debentures— — — — 
Total plan assets$48,107 $48,107 $— $— 
Schedule of Estimated Benefit Payments
The following table presents the estimated benefit payments for each of the next five years and the aggregate amount expected to be paid in years six through ten for the pension plan (in thousands):
Calendar YearFuture Expected Benefit Payments
2026$2,482 
2027$2,478 
2028$2,433 
2029$2,395 
2030$2,358 
2031-2035$11,082 
The following table presents the estimated benefit payments for each of the next five years and the aggregate amount expected to be paid in years six through ten (in thousands):
Calendar YearFuture Estimated Benefit Payments
2026$11 
2027$11 
2028$10 
2029$10 
2030$
2031-2035$31 
The following table presents the estimated benefit payments for each of the next five years and the aggregate amount expected to be paid in years six through ten for the Supplemental Pension Plan (in thousands):
Calendar YearFuture Estimated Benefit Payments
2026$106 
2027$100 
2028$94 
2029$88 
2030$82 
2031-2035$328 
Schedule of Weighted-Average Assumption for Disclosure of Health Care Cost Trend
Weighted-average assumption for disclosure as of December 31:20252024
Discount rate
5.40%
5.63%
Assumed rate of future compensation increaseN/AN/A
Health care cost trend: Initial (Pre-65/Post 65)
9.00% / 8.50%
7.50% / 6.50%
Health care cost trend: Ultimate (Pre-65/Post 65)
4.75% / 4.75%
4.75% / 4.75%
Year ultimate cost trend reached2037 / 20362033 / 2032
Schedule of Weighted-Average Assumption for Net Periodic Cost
Weighted-average assumptions for net periodic cost as of December 31:20252024
Discount rate
5.63%
5.07%
Expected return on plan assetsN/AN/A
Assumed rate of future compensation increaseN/AN/A
Health care cost trend: Initial
9.25% / 8.75%
7.75% / 6.75%
Health care cost tread: Ultimate
4.75% / 4.75%
4.75% / 4.75%
Year ultimate reached2037 / 20362033 / 2032
v3.25.4
STOCK COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Activity
A summary of restricted stock activity as of December 31, 2025, and changes during the year ended is presented below:
 SharesWeighted–Average Grant Date Fair Value
Nonvested as of December 31, 202449,703 $46.67 
Granted35,455 $50.45 
Vested(27,828)$46.81 
Forfeited or Cancelled(2,130)$47.97 
Nonvested as of December 31, 202555,200 $48.97 
v3.25.4
RELATED PARTY TRANSACTIONS (Tables)
12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
Schedule of Related Party Loans These loans are summarized as follows for the years ended December 31, 2025 and 2024 (in thousands):
 20252024
Balance at beginning of year$25,413 $26,058 
New loans or additional advances726 175 
Effect of changes in composition of related parties(31)— 
Repayments(604)(820)
Effect of change in participation3,114 — 
Balance at end of year$28,618 $25,413 
v3.25.4
COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Contractual Amounts of Financial Instruments with Off-Balance Sheet Risk
The following table presents the contractual amounts of financial instruments with off-balance sheet risk as of December 31, 2025 and 2024 (in thousands):
 20252024
 Fixed RateVariable RateFixed RateVariable Rate
Commitments to make loans$12,410 $63,654 $12,025 $67,501 
Unused lines of credit$5,183 $404,939 $4,484 $355,872 
Standby letters of credit$— $18,952 $— $19,180 
v3.25.4
PARENT COMPANY FINANCIAL INFORMATION (Tables)
12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Schedule of Parent Company Statement of Financial Position
Condensed parent company only financial statement information of Chemung Financial Corporation is as follows (investment in subsidiaries is recorded using the equity method of accounting) (in thousands):


BALANCE SHEETS - DECEMBER 3120252024
Assets:
Cash and cash equivalents$6,826 $2,252 
Investment in subsidiary - Chemung Canal Trust Company287,571 209,709 
Investment in subsidiary - CFS Group, Inc.1,552 1,450 
Equity investments, at fair value189 180 
Other assets2,793 1,977 
Total assets$298,931 $215,568 
Liabilities and shareholders' equity:  
Subordinated debt, net$44,028 $— 
Other liabilities194 259 
Total liabilities44,222 259 
Shareholders' equity:  
Total shareholders' equity254,709 215,309 
Total liabilities and shareholders' equity$298,931 $215,568 
Schedule of Parent Company Statement of Income
STATEMENTS OF INCOME - YEARS ENDED DECEMBER 3120252024
Dividends from subsidiary bank and non-bank$6,325 $1,475 
Interest and dividend income35 
Interest expense2,003 — 
Non-interest income(24)
Non-interest expense377 296 
Income before impact of subsidiaries' undistributed earnings3,962 1,190 
Equity in undistributed earnings of Chemung Canal Trust Company10,381 22,344 
Equity in undistributed earnings of CFS Group, Inc.102 32 
Income before income tax14,445 23,566 
Income tax benefit(659)(105)
Net income$15,104 $23,671 
Schedule of Parent Company Statement of Cash Flows
STATEMENTS OF CASH FLOWS - YEARS ENDED DECEMBER 3120252024
Cash flows from operating activities:
Net Income$15,104 $23,671 
Adjustments to reconcile net income to net cash provided by operating activities:  
Equity in undistributed earnings of Chemung Canal Trust Company(10,381)(22,344)
Equity in undistributed earnings of CFS Group, Inc.(102)(32)
Change in dividend receivable— 1,469 
Amortization of deferred costs on subordinated debt56 — 
Change in other assets(816)(127)
Change in other liabilities(65)235 
Net change in fair value of equity investments(9)24 
Net cash provided by operating activities3,787 2,896 
Cash flow from investing activities:
Downstream of subordinated debt(37,000)— 
Net cash provided by investing activities(37,000)— 
Cash flow from financing activities:  
Cash dividends paid(6,325)(7,365)
Proceeds from subordinated debt issuance, net45,000 — 
Payment of subordinated debt issuance costs(1,028)— 
Purchase of treasury stock(396)(344)
Sale of treasury stock536 430 
Net cash used in financing activities37,787 (7,279)
Increase (decrease) in cash and cash equivalents4,574 (4,383)
Cash and cash equivalents at beginning of year2,252 6,635 
Cash and cash equivalents at end of year$6,826 $2,252 
v3.25.4
FAIR VALUES (Tables)
12 Months Ended
Dec. 31, 2025
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 as of December 31, 2025 Using
Financial Assets:Fair ValueQuoted Prices
in Active Markets for Identical Assets
(Level 1)
Significant
Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Mortgage-backed securities, residential$250,375 $— $250,375 $— 
Collateralized mortgage obligations2,931 — 2,931 — 
Obligations of states and political subdivisions10,310 — 10,310 — 
Corporate bonds and notes16,982 — 12,620 4,362 
Total available for sale securities$280,598 $— $276,236 $4,362 
Equity Investments$3,288 $3,288 $— $— 
Derivative assets17,280 — 17,280 — 
Financial Liabilities:
Derivative liabilities$17,412 $— $17,412 $— 

Fair Value Measurement as of December 31, 2024 Using
Financial Assets:Fair ValueQuoted Prices
in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
U.S. treasury notes and bonds$56,906 $56,906 $— $— 
Mortgage-backed securities, residential365,934 — 365,934 — 
Obligations of states and political subdivisions35,505 — 35,505 — 
Corporate bonds and notes22,016 — 9,884 12,132 
SBA loan pools51,081 — 51,081 — 
Total available for sale securities$531,442 $56,906 $462,404 $12,132 
Equity investments$2,759 $2,759 $— $— 
Derivative assets23,829 — 23,829 — 
Financial Liabilities:
Derivative liabilities$23,851 $— $23,851 $— 
Schedule of Information Related To Level 3 Non-Recurring Fair Value Measurement
The tables below present a reconciliation of assets measured at fair value on a recurring basis using unobservable inputs (Level 3) and qualitative information regarding Level 3 significant unobservable inputs for the years ended December 31, 2025 and 2024.

Level 3 Financial Assets - Corporate Bonds20252024
Balance of recurring Level 3 assets as of January 1 $12,132 $7,530 
Total gains and losses for the period:
Included in other comprehensive income1,631 420 
Repayments, calls, and maturities(3,000)— 
Transfers into Level 39,629 5,931 
Transfers out of Level 3(16,030)(1,749)
Balance of recurring Level 3 assets as of December 31$4,362 $12,132 


December 31, 2025Fair ValueValuation TechniquesUnobservable InputRange [Weighted Average] as of December 31, 2025
Corporate bonds and notes$4,362 Discounted cash flowMarket discount rate
10.00% -10.00% [10.00%]
December 31, 2024Fair
Value
Valuation TechniqueUnobservable InputsRange
[Weighted Average]
as of December 31, 2024
Corporate bonds and notes$12,132 Discounted cash flowMarket discount rate
7.25% - 12.00%
[10.82%]
The following tables present quantitative information regarding Level 3 significant unobservable inputs for assets and liabilities measured at fair value on a non-recurring basis as of December 31, 2025 and 2024 (in thousands):
DescriptionFair Value as of December 31, 2025Valuation TechniqueUnobservable InputsRange [Weighted Average] at December 31, 2025
Collateral-dependent loans:
Commercial mortgages:
Non-owner occupied commercial real estate$945 Income approachAdjustment to appraised value
10.00% - 10.00%
[10.00%]
Total collateral-dependent loans$945 

DescriptionFair Value as of December 31, 2024Valuation TechniqueUnobservable InputsRange [Weighted Average] at December 31, 2024
Collateral-dependent loans:
Commercial and industrial$11 Net present valueDiscount rate
41.29% - 41.29%
[41.29%]
Commercial mortgages:
Non-owner occupied commercial real estate873 Income approachAdjustment to appraised value
16.86% - 16.86%
[16.86%]
Total collateral-dependent loans$884 
Other real estate owned:
Residential mortgages$126 Sales comparisonAdjustment to appraised value
20.80% - 20.80%
[20.80%]
Consumer loans:
Home equity lines and loans285 Sales comparisonAdjustment to appraised value
20.80% - 20.80%
[20.80%]
Total other real estate owned, net$411 
Schedule of Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis
Assets and liabilities measured at fair value on a non-recurring basis as of December 31, 2025 and 2024 are summarized below (in thousands):
 Fair Value Measurement as of December 31, 2025 Using
Financial Assets:Fair ValueQuoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Collateral-dependent loans:
Commercial mortgages:
Non-owner occupied commercial real estate$945 $— $— $945 
Total collateral-dependent loans$945 $— $— $945 
 Fair Value Measurement as of December 31, 2024 Using
Financial Assets:Fair ValueQuoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Collateral-dependent loans:
Commercial and industrial$11 $— $— $11 
Commercial mortgages:
Non-owner occupied commercial real estate873 — — 873 
Total collateral-dependent loans$884 $— $— $884 
Other real estate owned:    
Residential mortgages$126 $— $— $126 
Consumer loans:
Home equity lines and loans285 — — 285 
Total other real estate owned, net$411 $— $— $411 
Schedule of Carrying Value and Estimated Fair Value of Financial Instruments
The carrying amounts and estimated fair values of other financial instruments, as of December 31, 2025 and December 31, 2024, are as follows (in thousands):
 Fair Value Measurements as of December 31, 2025 Using
Financial assets:Carrying AmountQuoted Prices
in Active Markets
for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Estimated Fair Value 1
Cash and due from financial institutions$22,772 $22,772 $— $— $22,772 
Interest-bearing deposits in other financial institutions
27,325 27,325 — — 27,325 
Equity investments3,765 3,765 — — 3,765 
Securities available for sale280,598 — 276,236 4,362 280,598 
Securities held to maturity640 — — 640 640 
FHLBNY and FRBNY stock9,466 — — — N/A
Loans, net and loans held for sale 2,271,663 — — 2,209,059 2,209,059 
Derivative assets17,280 — 17,280 — 17,280 
Financial liabilities:     
Deposits:     
Demand, savings, and insured money market deposits$1,807,058 $1,807,058 $— $— $1,807,058 
Time deposits463,616 — 464,144 — 464,144 
FHLBNY overnight advances87,110 — 87,126 — 87,126 
Subordinated debt, net of issuance costs44,028 — 46,350 — 46,350 
Derivative liabilities17,412 — 17,412 — 17,412 
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.
 Fair Value Measurements as of December 31, 2024 Using
Financial Assets:Carrying AmountQuoted Prices
in Active Markets
for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Estimated Fair Value 1
Cash and due from financial institutions$26,224 $26,224 $— $— $26,224 
Interest-earning deposits in other financial institutions20,811 20,811 — — 20,811 
Equity investments3,235 3,235 — — 3,235 
Securities available for sale531,442 56,906 462,404 12,132 531,442 
Securities held to maturity808 — — 808 808 
FHLBNY and FRBNY stock9,117 — — — N/A
Loans, net and loans held for sale2,071,419 — — 1,981,851 1,981,851 
Derivative assets23,829 — 23,829 — 23,829 
Financial liabilities:     
Deposits:     
Demand, savings, and insured money market deposits$1,772,971 $1,772,971 $— $— $1,772,971 
  Time deposits623,912 — 622,920 — 622,920 
FHLBNY overnight advances109,110 — 109,083 — 109,083 
Derivative liabilities23,851 — 23,851 — 23,851 
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.
v3.25.4
REGULATORY CAPITAL REQUIREMENTS (Tables)
12 Months Ended
Dec. 31, 2025
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]  
Schedule of Actual Capital Amounts and Ratios of Corporation and Bank
The actual capital amounts and ratios of the Corporation and the Bank are presented in the following tables (in thousands):
 ActualMinimal Capital AdequacyMinimal Capital Adequacy with Capital BufferTo Be Well
Capitalized Under Prompt Corrective Action Provisions
As of December 31, 2025AmountRatioAmountRatioAmountRatioAmountRatio
Total Capital (to Risk Weighted Assets):
Consolidated$337,760 15.30 %N/AN/AN/AN/A N/AN/A
Bank$326,594 14.80 %$176,571 8.00 %$231,749 10.50 %$220,714 10.00 %
Tier 1 Capital (to Risk Weighted Assets):
Consolidated$268,938 12.18 %N/AN/AN/AN/AN/AN/A
Bank$301,800 13.67 %$132,428 6.00 %$187,607 8.50 %$176,571 8.00 %
Common Equity Tier 1 Capital (to Risk Weighted Assets):
Consolidated$268,938 12.18 %N/AN/AN/AN/AN/AN/A
Bank$301,800 13.67 %$99,321 4.50 %$154,500 7.00 %$143,464 6.50 %
Tier 1 Capital (to Average Assets):
Consolidated$268,938 9.89 %N/AN/AN/AN/AN/AN/A
Bank$301,800 11.10 %$108,744 4.00 %N/AN/A$135,930 5.00 %
ActualMinimum Capital AdequacyMinimal Capital Adequacy with Capital BufferTo Be Well Capitalized Under Prompt Corrective Action Provisions
As of December 31, 2024AmountRatioAmountRatioAmountRatioAmountRatio
Total Capital (to Risk Weighted Assets):
Consolidated$280,778 13.35 %N/AN/AN/AN/AN/AN/A
Bank$275,179 13.09 %$168,137 8.00 %$220,680 10.50 %$210,172 10.00 %
Tier 1 Capital (to Risk Weighted Assets):
Consolidated$258,550 12.30 %N/AN/AN/AN/AN/AN/A
Bank$252,950 12.04 %$126,103 6.00 %$178,646 8.50 %$168,137 8.00 %
Common Equity Tier 1 Capital (to Risk Weighted Assets):
Consolidated$258,550 12.30 %N/AN/AN/AN/AN/AN/A
Bank$252,950 12.04 %$94,577 4.50 %$147,120 7.00 %$136,612 6.50 %
Tier 1 Capital (to Average Assets):
Consolidated$258,550 9.18 %N/AN/AN/AN/AN/AN/A
Bank$252,950 8.98 %$112,639 4.00 %N/AN/A$140,799 5.00 %
v3.25.4
ACCUMULATED OTHER COMPREHENSIVE INCOME OR LOSS (Tables)
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Income or Loss by Component, Net of Tax
The following is a summary of the changes in accumulated other comprehensive income or loss by component, net of tax, for the periods indicated (in thousands):
 Unrealized Gains and Losses on Securities Available for SaleDefined Benefit and Other Benefit PlansTotal
Balance as of January 1, 2025$(63,339)$(1,726)$(65,065)
Other comprehensive income (loss) before reclassification41,773 454 42,227 
Amounts reclassified from accumulated other comprehensive income (loss)(13,237)22 (13,215)
Net current period other comprehensive income (loss)28,536 476 29,012 
Balance as of December 31, 2025$(34,803)$(1,250)$(36,053)

 Unrealized Gains and Losses on Securities Available for SaleDefined Benefit and Other Benefit PlansTotal
Balance as of January 1, 2024$(62,800)$(3,213)$(66,013)
Other comprehensive income (loss) before reclassification(539)1,465 926 
Amounts reclassified from accumulated other comprehensive income (loss)— 22 22 
Net current period other comprehensive income (loss)(539)1,487 948 
Balance as of December 31, 2024$(63,339)$(1,726)$(65,065)
Schedule of Reclassification Out of Accumulated Other Comprehensive Income
The following is the reclassification out of accumulated other comprehensive income (loss) for the periods indicated (in thousands):
Details about Accumulated Other Comprehensive Income (Loss) ComponentsYear Ended December 31,Affected Line Item
 in the Statement Where
Net Income is Presented
20252024
Unrealized gains and losses on securities available for sale: 
Realized gains (losses) on securities available for sale$(17,498)$— Net gains (losses) on securities transactions
Tax effect4,261 — Income tax benefit (expense)
Net of tax(13,237)—  
Amortization of defined pension plan and other benefit plan items:      
Actuarial losses (a)30 30 Other components of net periodic pension and postretirement benefits
Tax effect(8)(8)Income tax benefit (expense)
Net of tax22 22  
Total reclassification for the period, net of tax$(13,215)$22  
(a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other benefit plan costs (see Note 13 for additional information).
v3.25.4
SEGMENT REPORTING (Tables)
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Summarized Financial Information Showing Reconciliation of Segment Net Income Loss and Assets to Consolidated Results The Holding Company and CFS columns below includes income and expenses related to insurance products, mutual funds, and brokerage services (in thousands).
Year ended December 31, 2025Core BankingWMGHolding Company and CFSInter-Segment EliminationsConsolidated Totals
Interest and dividend income$132,833 $— $10 $(8)$132,835 
Interest expense43,683 — 2,003 (8)45,678 
Net interest income89,150 — (1,993)— 87,157 
Provision for credit losses4,437 — — — 4,437 
Net interest income after provision for credit losses84,713 — (1,993)— 82,720 
Non-interest income(5,171)11,945 1,185 (14)7,945 
Non-interest expense:
  Compensation expense31,949 6,124 931 — 39,004 
  Net occupancy expense5,560 252 14 (14)5,812 
  Furniture and equipment expense1,601 76 25 — 1,702 
  Data processing & software expense8,786 1,238 24 — 10,048 
  Other non-interest expense13,164 577 422 — 14,163 
Total non-interest expense61,060 8,267 1,416 (14)70,729 
Income (loss) before income tax expense18,482 3,678 (2,224)— 19,936 
Income tax expense (benefit)4,634 820 (622)— 4,832 
Segment net income (loss)$13,848 $2,858 $(1,602)$— $15,104 
Supplemental Information:
Total assets as of December 31, 2025$2,677,610 $2,933 $298,200 $(268,508)$2,710,235 
Capital expenditures$1,392 $295 $— $— $1,687 
Depreciation expense1
$1,837 $58 $— $— $1,895 
1 Included in net occupancy and furniture and equipment expense in the table above.
Year ended December 31, 2024Core BankingWMGHolding Company and CFSInter-Segment EliminationsConsolidated Totals
Interest and dividend income$127,534 $— $36 $(6)$127,564 
Interest expense53,511 — — (6)53,505 
Net interest income74,023 — 36 — 74,059 
Provision for credit losses(46)— — (46)
Net interest income after provision for credit losses74,069 — 36 — 74,105 
Non-interest income10,633 11,573 1,030 (6)23,230 
Non-interest expense:
  Compensation expense29,131 5,672 828 — 35,631 
  Net occupancy expense5,583 249 (6)5,832 
  Furniture and equipment expense1,542 94 23 — 1,659 
  Data processing & software expense8,954 1,120 19 — 10,093 
  Other non-interest expense13,080 546 409 — 14,035 
Total non-interest income58,290 7,681 1,285 (6)67,250 
Income (loss) before income tax expense26,412 3,892 (219)— 30,085 
Income tax expense (benefit)5,651 833 (70)— 6,414 
Segment net income (loss)$20,761 $3,059 $(149)$— $23,671 
Supplemental Information:
Total assets as of December 31, 2024$2,746,344 $2,882 $215,366 $(188,445)$2,776,147 
Capital expenditures1
$3,626 $— $— $— $3,626 
Depreciation expense2
$1,797 $17 $— $— $1,814 
1 Includes expenditures related to ATM fleet replacement across footprint and the addition of a new branch.
2 Included in net occupancy and furniture and equipment expense in the table above.
v3.25.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Cash and Cash Equivalents and Securities (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Accounting Policies [Abstract]    
Accrued interest receivable on securities $ 0.7 $ 1.9
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration] Accrued interest receivable and other assets Accrued interest receivable and other assets
v3.25.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Loans (Details)
12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Period of delinquency after which a loan is placed on non-accrual status (days) 90 days
v3.25.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -Premises and Equipment and Wealth Management and Group Fee Income (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Property, Plant and Equipment [Line Items]    
Assets under management $ 2,338.0 $ 2,212.0
Chemung Financial Corporation    
Property, Plant and Equipment [Line Items]    
Assets under management $ 301.8 $ 301.9
Buildings | Minimum    
Property, Plant and Equipment [Line Items]    
Estimated useful lives (years) 15 years  
Buildings | Maximum    
Property, Plant and Equipment [Line Items]    
Estimated useful lives (years) 50 years  
Equipment and Furniture | Minimum    
Property, Plant and Equipment [Line Items]    
Estimated useful lives (years) 3 years  
Equipment and Furniture | Maximum    
Property, Plant and Equipment [Line Items]    
Estimated useful lives (years) 10 years  
v3.25.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Postretirement Benefits (Details)
12 Months Ended
Jan. 01, 2017
Dec. 31, 2025
Defined Contribution Profit Sharing, Savings and Investment Plan    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Defined contribution plan, employer non-discretionary contribution amount 3.00% 3.00%
Contribution cost percentage 50.00% 50.00%
Defined contribution plan, employer matching contribution, percent of employees' gross pay 6.00% 6.00%
Contribution service period   3 years
Pension Plan    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Normal retirement benefit as percentage of final average compensation (in hundredths)   1.20%
Number of consecutive years considered in final average compensation   5 years
Number of prior years considered in final average compensation   10 years
Maximum service period (years)   25 years
Normal retirement additional benefit   1.00%
Maximum additional service years   10 years
Percentage of average monthly compensation in excess of covered compensation for each year of credited service   0.65%
Maximum period of credited service (years)   35 years
Covered compensation period (years)   35 years
Other Postretirement Benefit Plan    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Contribution cost percentage   50.00%
Other Postretirement Benefit Plan | Minimum    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Retiree age group range   55 years
Other Postretirement Benefit Plan | Maximum    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Retiree age group range   65 years
v3.25.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Stock-Based Compensation (Details)
12 Months Ended
Dec. 31, 2025
segment
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Number of operating segments | segment 2
Deferred Compensation, Share-based Payments  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Maximum annual installments period (years) 10 years
2025 Equity Incentive Plan  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Number of shares authorized (in shares) | shares 160,000
v3.25.4
RESTRICTIONS ON CASH AND DUE FROM BANK ACCOUNTS (Details) - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Mar. 26, 2020
RESTRICTIONS ON CASH AND DUE FROM BANK ACCOUNTS [Abstract]      
Cash reserve requirement (percent)     0.00%
Reserve requirement $ 1,600,000 $ 1,600,000  
Derivative, collateral, obligation to return cash $ 0 $ 0  
v3.25.4
SECURITIES - Schedule of Securities Available for Sale (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Amortized cost and estimated fair value of debt securities available-for-sale    
Amortized Cost $ 327,888 $ 617,271
Gross Unrealized Gains 76 49
Gross Unrealized Losses 47,366 85,878
Allowance for Credit Losses 0 0
Estimated Fair Value 280,598 531,442
Amortized Cost    
Within one year 992  
After one, but within five years 2,573  
After five, but within ten years 25,588  
After ten years 150  
Available for sale, amortized cost 29,303  
Total 327,888 617,271
Estimated Fair Value    
Within one year 988  
After one, but within five years 2,360  
After five, but within ten years 23,800  
After ten years 144  
Available for sale, estimated fair value 27,292  
Total 280,598 531,442
Amortized Cost    
Within one year 0  
After one, but within five years 160  
After five, but within ten years 480  
After ten years 0  
Held to maturity, amortized cost 640 808
Total 640  
Fair Value    
Within one year 0  
After one, but within five years 160  
After five, but within ten years 480  
After ten years 0  
Held to maturity, fair value 640  
Total 640 808
U.S. treasury notes and bonds    
Amortized cost and estimated fair value of debt securities available-for-sale    
Amortized Cost   59,880
Gross Unrealized Gains   0
Gross Unrealized Losses   2,974
Allowance for Credit Losses   0
Estimated Fair Value   56,906
Estimated Fair Value    
Total   56,906
Mortgage-backed securities, residential    
Amortized cost and estimated fair value of debt securities available-for-sale    
Amortized Cost 295,595 441,191
Gross Unrealized Gains 76 14
Gross Unrealized Losses 45,296 75,271
Allowance for Credit Losses 0 0
Estimated Fair Value 250,375 365,934
Amortized Cost    
Without single maturity date 295,595  
Estimated Fair Value    
Without single maturity date 250,375  
Total 250,375 365,934
Amortized Cost    
Without single maturity date 0  
Fair Value    
Without single maturity date 0  
Collateralized mortgage obligations    
Amortized cost and estimated fair value of debt securities available-for-sale    
Amortized Cost 2,990  
Gross Unrealized Gains 0  
Gross Unrealized Losses 59  
Allowance for Credit Losses 0  
Estimated Fair Value 2,931  
Amortized Cost    
Without single maturity date 2,990  
Estimated Fair Value    
Without single maturity date 2,931  
Total 2,931  
Amortized Cost    
Without single maturity date 0  
Fair Value    
Without single maturity date 0  
Obligations of states and political subdivisions    
Amortized cost and estimated fair value of debt securities available-for-sale    
Amortized Cost 10,553 37,059
Gross Unrealized Gains 0 0
Gross Unrealized Losses 243 1,554
Allowance for Credit Losses 0 0
Estimated Fair Value 10,310 35,505
Estimated Fair Value    
Total 10,310 35,505
Fair Value    
Total 0 0
Corporate bonds and notes    
Amortized cost and estimated fair value of debt securities available-for-sale    
Amortized Cost 18,750 25,750
Gross Unrealized Gains 0 0
Gross Unrealized Losses 1,768 3,734
Allowance for Credit Losses 0 0
Estimated Fair Value 16,982 22,016
Estimated Fair Value    
Total $ 16,982 22,016
SBA loan pools    
Amortized cost and estimated fair value of debt securities available-for-sale    
Amortized Cost   53,391
Gross Unrealized Gains   35
Gross Unrealized Losses   2,345
Allowance for Credit Losses   0
Estimated Fair Value   51,081
Estimated Fair Value    
Total   $ 51,081
v3.25.4
SECURITIES - Schedule of Gross Realized Gains and Losses on Sales and Calls of Securities Available for Sale (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]    
Proceeds from sales   $ 227,305
Gross realized gains   14
Gross realized (losses) $ (17,500) (17,512)
Tax expense (benefit)   $ (4,261)
v3.25.4
SECURITIES - Narrative (Details) - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Debt Securities, Available-for-sale [Line Items]    
Proceeds from sales $ 227,305,000  
Proceeds from the sale of held to maturity securities 0 $ 0
Chemung Risk Management    
Debt Securities, Available-for-sale [Line Items]    
Proceeds from sales   0
Deferred Compensation Plan    
Debt Securities, Available-for-sale [Line Items]    
Investments, fair value 3,200,000 2,600,000
Marketable Securities    
Debt Securities, Available-for-sale [Line Items]    
Investments, fair value $ 600,000 $ 600,000
v3.25.4
SECURITIES - Schedule of Securities Held to Maturity (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Amortized cost and estimated fair value of securities held to maturity    
Allowance for Credit Losses $ 640 $ 808
Estimated Fair Value 0 0
Obligations of states and political subdivisions    
Amortized cost and estimated fair value of securities held to maturity    
Amortized Cost 640 808
Gross Unrecognized Gains 0 0
Gross Unrecognized Losses 0 0
Allowance for Credit Losses 0 0
Estimated Fair Value $ 640 $ 808
v3.25.4
SECURITIES - Schedule of Investment Securities Available for Sale in Continuous Unrealized Loss Position (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Fair Value    
Less than 12 months $ 3,915 $ 7,598
12 months or longer 271,172 518,139
Total 275,087 525,737
Unrealized Losses    
Less than 12 months 75 194
12 months or longer 47,291 85,684
Total 47,366 85,878
U.S. treasury notes and bonds    
Fair Value    
Less than 12 months   0
12 months or longer   56,906
Total   56,906
Unrealized Losses    
Less than 12 months   0
12 months or longer   2,974
Total   2,974
Mortgage-backed securities, residential    
Fair Value    
Less than 12 months 0 5,006
12 months or longer 245,329 359,722
Total 245,329 364,728
Unrealized Losses    
Less than 12 months 0 111
12 months or longer 45,296 75,160
Total 45,296 75,271
Collateralized mortgage obligations    
Fair Value    
Less than 12 months 2,931  
12 months or longer 0  
Total 2,931  
Unrealized Losses    
Less than 12 months 59  
12 months or longer 0  
Total 59  
Obligations of states and political subdivisions    
Fair Value    
Less than 12 months 0 107
12 months or longer 9,845 35,398
Total 9,845 35,505
Unrealized Losses    
Less than 12 months 0 3
12 months or longer 243 1,551
Total 243 1,554
Corporate bonds and notes    
Fair Value    
Less than 12 months 984 1,921
12 months or longer 15,998 20,095
Total 16,982 22,016
Unrealized Losses    
Less than 12 months 16 79
12 months or longer 1,752 3,655
Total $ 1,768 3,734
SBA loan pools    
Fair Value    
Less than 12 months   564
12 months or longer   46,018
Total   46,582
Unrealized Losses    
Less than 12 months   1
12 months or longer   2,344
Total   $ 2,345
v3.25.4
SECURITIES - Securities Pledged and Equity Method Investments (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Asset Pledged as Collateral | Deposits    
Financial Instruments Owned and Pledged as Collateral [Line Items]    
Financial instruments, owned, at fair value $ 178.2 $ 181.5
v3.25.4
LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Loan Portfolio (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Composition of loan portfolio [Abstract]      
Total loans, net of deferred loan fees $ 2,269,561 $ 2,071,419  
Allowance for credit losses (24,209) (21,388) $ (22,517)
Loans, net of allowance for credit losses 2,245,352 2,050,031  
Commercial Mortgages      
Composition of loan portfolio [Abstract]      
Total loans, net of deferred loan fees 1,409,727 1,217,004  
Allowance for credit losses (14,363) (11,214) (12,026)
Commercial Mortgages | Construction      
Composition of loan portfolio [Abstract]      
Total loans, net of deferred loan fees 120,418 94,943  
Commercial Mortgages | Owner occupied commercial real estate      
Composition of loan portfolio [Abstract]      
Total loans, net of deferred loan fees 178,620 142,279  
Commercial Mortgages | Non-owner occupied commercial real estate      
Composition of loan portfolio [Abstract]      
Total loans, net of deferred loan fees 1,110,689 979,782  
Residential Mortgages      
Composition of loan portfolio [Abstract]      
Total loans, net of deferred loan fees 286,885 274,979  
Allowance for credit losses (2,788) (2,259) (2,194)
Consumer loans:      
Composition of loan portfolio [Abstract]      
Total loans, net of deferred loan fees 248,764 279,915  
Allowance for credit losses (2,534) (3,395) $ (3,242)
Consumer loans: | Home equity lines and loans      
Composition of loan portfolio [Abstract]      
Total loans, net of deferred loan fees 109,723 93,220  
Consumer loans: | Indirect consumer loans      
Composition of loan portfolio [Abstract]      
Total loans, net of deferred loan fees 132,699 178,118  
Consumer loans: | Direct consumer loans      
Composition of loan portfolio [Abstract]      
Total loans, net of deferred loan fees 6,342 8,577  
Commercial and industrial      
Composition of loan portfolio [Abstract]      
Total loans, net of deferred loan fees $ 324,185 $ 299,521  
v3.25.4
LOANS AND ALLOWANCE FOR CREDIT LOSSES - Narrative (Details) - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Accrued interest receivable on loans $ 8,900,000 $ 8,000,000.0
Deferred loan costs, net 4,100,000 4,700,000
Loans, net of deferred loan fees 2,269,561,000 2,071,419,000
Residential mortgages held for sale 0 0
Transfer of portfolio loans to loans held for sale 2,064,000 0
Loans individually analyzed $ 4,187,000 6,471,000
Number of days past due after which a retail loan is rated 90 days  
Collateral Pledged    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans individually analyzed $ 2,173,000 5,089,000
Commercial Mortgages, Other Loan Category    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Loans, net of deferred loan fees 1,290,000,000 1,120,000,000
Residential Mortgages and Home Equity Loans | Asset Pledged as Collateral    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Financial instruments, owned, at fair value 255,100,000 $ 244,600,000
Commercial Credit Card    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Transfer of portfolio loans to loans held for sale $ 2,100,000  
v3.25.4
LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Allowances For Credit Losses (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]    
Beginning balance $ 21,388 $ 22,517
Charge-offs: (2,456) (1,873)
Recoveries: 584 713
Net (charge-offs) recoveries (1,872) (1,160)
Provision 4,693 31
Ending balance 24,209 21,388
Commercial and agricultural:    
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]    
Beginning balance 4,520 5,055
Charge-offs: (797) (302)
Recoveries: 10 128
Net (charge-offs) recoveries (787) (174)
Provision 791 (361)
Ending balance 4,524 4,520
Commercial Mortgages    
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]    
Beginning balance 11,214 12,026
Charge-offs: (6) 0
Recoveries: 4 4
Net (charge-offs) recoveries (2) 4
Provision 3,151 (816)
Ending balance 14,363 11,214
Residential Mortgages    
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]    
Beginning balance 2,259 2,194
Charge-offs: 0 (21)
Recoveries: 19 62
Net (charge-offs) recoveries 19 41
Provision 510 24
Ending balance 2,788 2,259
Consumer Loans    
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]    
Beginning balance 3,395 3,242
Charge-offs: (1,653) (1,550)
Recoveries: 551 519
Net (charge-offs) recoveries (1,102) (1,031)
Provision 241 1,184
Ending balance 2,534 3,395
Provision (credit) for credit losses on unfunded commitments    
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]    
Beginning balance 842 919
Provision (256) (77)
Ending balance $ 586 $ 842
v3.25.4
LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Provision for Credit Losses (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Allowance for Credit Loss [Line Items]    
Total provision (credit) for credit losses $ 4,693 $ 31
Total provision (credit) for credit losses    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Total provision (credit) for credit losses 4,437 (46)
Provision for credit losses on loans    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Total provision (credit) for credit losses 4,693 31
Provision (credit) for credit losses on unfunded commitments    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Total provision (credit) for credit losses $ (256) $ (77)
v3.25.4
LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Allowances by Impairment (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Allowance for credit losses      
Individually analyzed $ 1,147 $ 1,552  
Collectively analyzed 23,062 19,836  
Total ending allowance balance 24,209 21,388 $ 22,517
Loans      
Loans individually analyzed 4,187 6,471  
Loans collectively analyzed 2,265,374 2,064,948  
Total ending loans balance 2,269,561 2,071,419  
Commercial and agricultural:      
Allowance for credit losses      
Individually analyzed 641 1,446  
Collectively analyzed 3,883 3,074  
Total ending allowance balance 4,524 4,520 5,055
Loans      
Loans individually analyzed 693 1,512  
Loans collectively analyzed 323,492 298,009  
Total ending loans balance 324,185 299,521  
Commercial Mortgages      
Allowance for credit losses      
Individually analyzed 506 106  
Collectively analyzed 13,857 11,108  
Total ending allowance balance 14,363 11,214 12,026
Loans      
Loans individually analyzed 3,167 4,959  
Loans collectively analyzed 1,406,560 1,212,045  
Total ending loans balance 1,409,727 1,217,004  
Residential Mortgages      
Allowance for credit losses      
Individually analyzed 0 0  
Collectively analyzed 2,788 2,259  
Total ending allowance balance 2,788 2,259 2,194
Loans      
Loans individually analyzed 0 0  
Loans collectively analyzed 286,885 274,979  
Total ending loans balance 286,885 274,979  
Consumer Loans      
Allowance for credit losses      
Individually analyzed 0 0  
Collectively analyzed 2,534 3,395  
Total ending allowance balance 2,534 3,395 $ 3,242
Loans      
Loans individually analyzed 327 0  
Loans collectively analyzed 248,437 279,915  
Total ending loans balance $ 248,764 $ 279,915  
v3.25.4
LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Modifications (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Modifications [Line Items]    
Amortized cost basis $ 4,974 $ 1,200
Commercial and industrial    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis   $ 384
% of Loan Class   0.13%
Weighted average interest rate reduction (%)   0.00%
Weighted average term extension (in months)   60 months
Weighted-average payment delay (in months)   0 months
Commercial Mortgages | Non-owner occupied commercial real estate    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis $ 4,804  
% of Loan Class 0.43%  
Weighted average interest rate reduction (%) 0.00%  
Weighted average term extension (in months) 9 months  
Weighted-average payment delay (in months) 6 months  
Commercial Mortgages | Owner occupied commercial real estate    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis   $ 376
% of Loan Class   0.26%
Weighted average interest rate reduction (%)   0.00%
Weighted average term extension (in months)   0 months
Weighted-average payment delay (in months)   101 months
Residential Mortgages    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis $ 170 $ 440
% of Loan Class 0.06% 0.16%
Weighted average interest rate reduction (%) 0.00% 0.00%
Weighted average term extension (in months) 0 months 0 months
Weighted-average payment delay (in months) 6 months 6 months
Principal Reduction    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis $ 0 $ 0
Principal Reduction | Commercial and industrial    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis   0
Principal reduction   0
Principal Reduction | Commercial Mortgages | Non-owner occupied commercial real estate    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis 0  
Principal reduction 0  
Principal Reduction | Commercial Mortgages | Owner occupied commercial real estate    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis   0
Principal reduction   0
Principal Reduction | Residential Mortgages    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis 0 0
Principal reduction 0 0
Interest Rate Reduction    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis 0 0
Interest Rate Reduction | Commercial and industrial    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis   0
Interest Rate Reduction | Commercial Mortgages | Non-owner occupied commercial real estate    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis 0  
Interest Rate Reduction | Commercial Mortgages | Owner occupied commercial real estate    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis   0
Interest Rate Reduction | Residential Mortgages    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis 0 0
Term Extension    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis 950 384
Term Extension | Commercial and industrial    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis   384
Term Extension | Commercial Mortgages | Non-owner occupied commercial real estate    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis 950  
Term Extension | Commercial Mortgages | Owner occupied commercial real estate    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis   0
Term Extension | Residential Mortgages    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis 0 0
Payment Delay    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis 3,578 816
Payment Delay | Commercial and industrial    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis   0
Payment Delay | Commercial Mortgages | Non-owner occupied commercial real estate    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis 3,408  
Payment Delay | Commercial Mortgages | Owner occupied commercial real estate    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis   376
Payment Delay | Residential Mortgages    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis 170 440
Combination    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis 446 0
Combination | Commercial and industrial    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis   0
Combination | Commercial Mortgages | Non-owner occupied commercial real estate    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis 446  
Combination | Commercial Mortgages | Owner occupied commercial real estate    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis   0
Combination | Residential Mortgages    
Financing Receivable, Modifications [Line Items]    
Amortized cost basis $ 0 $ 0
v3.25.4
LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Past Due Status of Modifications under ASU 2022-02 (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees $ 2,269,561 $ 2,071,419
Total Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 11,168 11,891
30 - 59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 5,281 5,047
60-89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 1,446 1,588
Greater Than 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 4,441 5,256
Loans Not Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 2,258,393 2,059,528
Commercial and industrial    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 324,185 299,521
Commercial and industrial | Total Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 908 1,043
Commercial and industrial | 30 - 59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 817 140
Commercial and industrial | 60-89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 55 201
Commercial and industrial | Greater Than 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 36 702
Commercial and industrial | Loans Not Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 323,277 298,478
Commercial Mortgages    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 1,409,727 1,217,004
Commercial Mortgages | Non-owner occupied commercial real estate    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 1,110,689 979,782
Commercial Mortgages | Owner occupied commercial real estate    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 178,620 142,279
Commercial Mortgages | Total Past Due | Non-owner occupied commercial real estate    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 2,538 4,112
Commercial Mortgages | Total Past Due | Owner occupied commercial real estate    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 201 178
Commercial Mortgages | 30 - 59 Days Past Due | Non-owner occupied commercial real estate    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 0 950
Commercial Mortgages | 30 - 59 Days Past Due | Owner occupied commercial real estate    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 105 82
Commercial Mortgages | 60-89 Days Past Due | Non-owner occupied commercial real estate    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 0 0
Commercial Mortgages | 60-89 Days Past Due | Owner occupied commercial real estate    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 0 0
Commercial Mortgages | Greater Than 89 Days Past Due | Non-owner occupied commercial real estate    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 2,538 3,162
Commercial Mortgages | Greater Than 89 Days Past Due | Owner occupied commercial real estate    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 96 96
Commercial Mortgages | Loans Not Past Due | Non-owner occupied commercial real estate    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 1,108,151 975,670
Commercial Mortgages | Loans Not Past Due | Owner occupied commercial real estate    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 178,419 142,101
Residential Mortgages    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 286,885 274,979
Residential Mortgages | Total Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 2,871 2,887
Residential Mortgages | 30 - 59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 1,277 1,529
Residential Mortgages | 60-89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 693 662
Residential Mortgages | Greater Than 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 901 696
Residential Mortgages | Loans Not Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 284,014 272,092
Restructured Debt | Total Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 4,974 1,200
Restructured Debt | 30 - 59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 0 0
Restructured Debt | 60-89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 0 0
Restructured Debt | Greater Than 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 0 440
Restructured Debt | Loans Not Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 4,974 760
Restructured Debt | Commercial and industrial | Total Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees   384
Restructured Debt | Commercial and industrial | 30 - 59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees   0
Restructured Debt | Commercial and industrial | 60-89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees   0
Restructured Debt | Commercial and industrial | Greater Than 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees   0
Restructured Debt | Commercial and industrial | Loans Not Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees   384
Restructured Debt | Commercial Mortgages | Total Past Due | Non-owner occupied commercial real estate    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 4,804  
Restructured Debt | Commercial Mortgages | Total Past Due | Owner occupied commercial real estate    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees   376
Restructured Debt | Commercial Mortgages | 30 - 59 Days Past Due | Non-owner occupied commercial real estate    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 0  
Restructured Debt | Commercial Mortgages | 30 - 59 Days Past Due | Owner occupied commercial real estate    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees   0
Restructured Debt | Commercial Mortgages | 60-89 Days Past Due | Non-owner occupied commercial real estate    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 0  
Restructured Debt | Commercial Mortgages | 60-89 Days Past Due | Owner occupied commercial real estate    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees   0
Restructured Debt | Commercial Mortgages | Greater Than 89 Days Past Due | Non-owner occupied commercial real estate    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 0  
Restructured Debt | Commercial Mortgages | Greater Than 89 Days Past Due | Owner occupied commercial real estate    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees   0
Restructured Debt | Commercial Mortgages | Loans Not Past Due | Non-owner occupied commercial real estate    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 4,804  
Restructured Debt | Commercial Mortgages | Loans Not Past Due | Owner occupied commercial real estate    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees   376
Restructured Debt | Residential Mortgages | Total Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 170 440
Restructured Debt | Residential Mortgages | 30 - 59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 0 0
Restructured Debt | Residential Mortgages | 60-89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 0 0
Restructured Debt | Residential Mortgages | Greater Than 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees 0 440
Restructured Debt | Residential Mortgages | Loans Not Past Due    
Financing Receivable, Past Due [Line Items]    
Loans, net of deferred loan fees $ 170 $ 0
v3.25.4
LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Collateral Dependent (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]      
Amortized Cost Basis $ 4,187 $ 6,471  
Related Allowance 24,209 21,388 $ 22,517
Commercial and agricultural:      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Amortized Cost Basis 693 1,512  
Related Allowance 4,524 4,520 5,055
Commercial Mortgages      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Amortized Cost Basis 3,167 4,959  
Related Allowance 14,363 11,214 12,026
Consumer Loans      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Amortized Cost Basis 327 0  
Related Allowance 2,534 3,395 $ 3,242
Collateral Pledged      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Amortized Cost Basis 2,173 5,089  
Related Allowance 203 171  
Commercial Real Estate And Business Assets | Commercial and agricultural: | Commercial and industrial      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Amortized Cost Basis 50 130  
Related Allowance 0 65  
Commercial Real Estate and Residential Real Estate | Commercial Mortgages | Owner occupied commercial real estate      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Amortized Cost Basis 629 1,377  
Related Allowance 4 15  
Commercial Real Estate and Residential Real Estate | Commercial Mortgages | Non-owner occupied commercial real estate      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Amortized Cost Basis 1,167 3,582  
Related Allowance 199 91  
Residential Real Estate | Consumer Loans | Home equity lines and loans      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Amortized Cost Basis 327 0  
Related Allowance $ 0 $ 0  
v3.25.4
LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Receivables Past Due (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Past Due [Line Items]    
Nonaccrual with No Allowance for Credit Losses $ 4,746 $ 6,518
Nonaccrual 7,908 8,954
Loans Past Due 90 Days or More and Still Accruing 17 23
Financing receivable 2,269,561 2,071,419
Total Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 11,168 11,891
30 - 59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 5,281 5,047
60-89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 1,446 1,588
Greater Than 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 4,441 5,256
Loans Not Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 2,258,393 2,059,528
Commercial and industrial    
Financing Receivable, Past Due [Line Items]    
Nonaccrual with No Allowance for Credit Losses 136 76
Nonaccrual 779 1,534
Loans Past Due 90 Days or More and Still Accruing 17 23
Financing receivable 324,185 299,521
Commercial and industrial | Total Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 908 1,043
Commercial and industrial | 30 - 59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 817 140
Commercial and industrial | 60-89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 55 201
Commercial and industrial | Greater Than 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 36 702
Commercial and industrial | Loans Not Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 323,277 298,478
Commercial Mortgages    
Financing Receivable, Past Due [Line Items]    
Financing receivable 1,409,727 1,217,004
Commercial Mortgages | Construction    
Financing Receivable, Past Due [Line Items]    
Financing receivable 120,418 94,943
Commercial Mortgages | Construction | Total Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 0 0
Commercial Mortgages | Construction | 30 - 59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 0 0
Commercial Mortgages | Construction | 60-89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 0 0
Commercial Mortgages | Construction | Greater Than 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 0 0
Commercial Mortgages | Construction | Loans Not Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 120,418 94,943
Commercial Mortgages | Owner occupied commercial real estate    
Financing Receivable, Past Due [Line Items]    
Nonaccrual with No Allowance for Credit Losses 625 1,362
Nonaccrual 629 1,377
Loans Past Due 90 Days or More and Still Accruing 0 0
Financing receivable 178,620 142,279
Commercial Mortgages | Owner occupied commercial real estate | Total Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 201 178
Commercial Mortgages | Owner occupied commercial real estate | 30 - 59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 105 82
Commercial Mortgages | Owner occupied commercial real estate | 60-89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 0 0
Commercial Mortgages | Owner occupied commercial real estate | Greater Than 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 96 96
Commercial Mortgages | Owner occupied commercial real estate | Loans Not Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 178,419 142,101
Commercial Mortgages | Non-owner occupied commercial real estate    
Financing Receivable, Past Due [Line Items]    
Nonaccrual with No Allowance for Credit Losses 23 2,619
Nonaccrual 2,538 3,582
Loans Past Due 90 Days or More and Still Accruing 0 0
Financing receivable 1,110,689 979,782
Commercial Mortgages | Non-owner occupied commercial real estate | Total Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 2,538 4,112
Commercial Mortgages | Non-owner occupied commercial real estate | 30 - 59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 0 950
Commercial Mortgages | Non-owner occupied commercial real estate | 60-89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 0 0
Commercial Mortgages | Non-owner occupied commercial real estate | Greater Than 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 2,538 3,162
Commercial Mortgages | Non-owner occupied commercial real estate | Loans Not Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 1,108,151 975,670
Residential Mortgages    
Financing Receivable, Past Due [Line Items]    
Nonaccrual with No Allowance for Credit Losses 1,753 1,372
Nonaccrual 1,753 1,372
Loans Past Due 90 Days or More and Still Accruing 0 0
Financing receivable 286,885 274,979
Residential Mortgages | Total Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 2,871 2,887
Residential Mortgages | 30 - 59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 1,277 1,529
Residential Mortgages | 60-89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 693 662
Residential Mortgages | Greater Than 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 901 696
Residential Mortgages | Loans Not Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 284,014 272,092
Consumer loans:    
Financing Receivable, Past Due [Line Items]    
Financing receivable 248,764 279,915
Consumer loans: | Home equity lines and loans    
Financing Receivable, Past Due [Line Items]    
Nonaccrual with No Allowance for Credit Losses 1,005 613
Nonaccrual 1,005 613
Loans Past Due 90 Days or More and Still Accruing 0 0
Financing receivable 109,723 93,220
Consumer loans: | Home equity lines and loans | Total Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 1,022 595
Consumer loans: | Home equity lines and loans | 30 - 59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 747 231
Consumer loans: | Home equity lines and loans | 60-89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 26 0
Consumer loans: | Home equity lines and loans | Greater Than 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 249 364
Consumer loans: | Home equity lines and loans | Loans Not Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 108,701 92,625
Consumer loans: | Indirect consumer loans    
Financing Receivable, Past Due [Line Items]    
Nonaccrual with No Allowance for Credit Losses 1,117 474
Nonaccrual 1,117 474
Loans Past Due 90 Days or More and Still Accruing 0 0
Financing receivable 132,699 178,118
Consumer loans: | Indirect consumer loans | Total Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 3,584 3,055
Consumer loans: | Indirect consumer loans | 30 - 59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 2,312 2,101
Consumer loans: | Indirect consumer loans | 60-89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 656 719
Consumer loans: | Indirect consumer loans | Greater Than 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 616 235
Consumer loans: | Indirect consumer loans | Loans Not Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 129,115 175,063
Consumer loans: | Direct consumer loans    
Financing Receivable, Past Due [Line Items]    
Nonaccrual with No Allowance for Credit Losses 87 2
Nonaccrual 87 2
Loans Past Due 90 Days or More and Still Accruing 0 0
Financing receivable 6,342 8,577
Consumer loans: | Direct consumer loans | Total Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 44 21
Consumer loans: | Direct consumer loans | 30 - 59 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 23 14
Consumer loans: | Direct consumer loans | 60-89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 16 6
Consumer loans: | Direct consumer loans | Greater Than 89 Days Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable 5 1
Consumer loans: | Direct consumer loans | Loans Not Past Due    
Financing Receivable, Past Due [Line Items]    
Financing receivable $ 6,298 $ 8,556
v3.25.4
LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Credit Quality Indicator (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Term Loans - Amortized Cost by Origination Year    
Year one $ 378,575 $ 260,403
Year two 245,997 299,782
Year three 256,545 496,016
Year four 432,177 272,066
Year five 241,814 192,541
Prior 485,070 380,263
Revolving Loans Amortized Cost 220,360 166,273
Revolving Loans Converted to Term 9,023 4,075
Total ending loans balance 2,269,561 2,071,419
Term Loans - Amortized Cost by Origination Year, Gross charge offs    
Year one 24 52
Year two 391 622
Year three 664 746
Year four 370 181
Year five 896 99
Prior 84 152
Revolving Loans Amortized Cost 27 21
Revolving Loans Converted to Term 0 0
Total 2,456 1,873
Commercial and industrial    
Term Loans - Amortized Cost by Origination Year    
Year one 54,035 45,060
Year two 26,011 32,419
Year three 22,640 38,803
Year four 27,545 17,520
Year five 12,821 12,746
Prior 23,201 31,812
Revolving Loans Amortized Cost 151,425 119,401
Revolving Loans Converted to Term 6,507 1,760
Total ending loans balance 324,185 299,521
Term Loans - Amortized Cost by Origination Year, Gross charge offs    
Year one 0 0
Year two 19 84
Year three 0 200
Year four 0 6
Year five 772 0
Prior 0 0
Revolving Loans Amortized Cost 6 12
Revolving Loans Converted to Term 0 0
Total 797 302
Commercial and industrial | Pass    
Term Loans - Amortized Cost by Origination Year    
Year one 52,419 44,130
Year two 25,663 32,157
Year three 22,131 34,862
Year four 25,382 16,787
Year five 11,367 8,326
Prior 15,765 27,452
Revolving Loans Amortized Cost 135,641 108,819
Revolving Loans Converted to Term 2,726 1,380
Total ending loans balance 291,094 273,913
Commercial and industrial | Special Mention    
Term Loans - Amortized Cost by Origination Year    
Year one 1,616 810
Year two 31 262
Year three 496 3,933
Year four 2,163 0
Year five 1,412 4,390
Prior 6,852 3,673
Revolving Loans Amortized Cost 13,139 10,203
Revolving Loans Converted to Term 3,631 62
Total ending loans balance 29,340 23,333
Commercial and industrial | Substandard    
Term Loans - Amortized Cost by Origination Year    
Year one 0 99
Year two 317 0
Year three 13 8
Year four 0 733
Year five 42 30
Prior 0 0
Revolving Loans Amortized Cost 2,645 379
Revolving Loans Converted to Term 75 318
Total ending loans balance 3,092 1,567
Commercial and industrial | Doubtful    
Term Loans - Amortized Cost by Origination Year    
Year one 0 21
Year two 0 0
Year three 0 0
Year four 0 0
Year five 0 0
Prior 584 687
Revolving Loans Amortized Cost 0 0
Revolving Loans Converted to Term 75 0
Total ending loans balance 659 708
Commercial Mortgages    
Term Loans - Amortized Cost by Origination Year    
Total ending loans balance 1,409,727 1,217,004
Term Loans - Amortized Cost by Origination Year, Gross charge offs    
Total 6 0
Commercial Mortgages | Construction    
Term Loans - Amortized Cost by Origination Year    
Year one 38,266 19,344
Year two 29,670 46,954
Year three 33,259 17,568
Year four 14,754 9,058
Year five 1,213 0
Prior 1,323 1,536
Revolving Loans Amortized Cost 1,933 483
Revolving Loans Converted to Term 0 0
Total ending loans balance 120,418 94,943
Term Loans - Amortized Cost by Origination Year, Gross charge offs    
Year one 0 0
Year two 0 0
Year three 0 0
Year four 0 0
Year five 0 0
Prior 0 0
Revolving Loans Amortized Cost 0 0
Revolving Loans Converted to Term 0 0
Total 0 0
Commercial Mortgages | Construction | Pass    
Term Loans - Amortized Cost by Origination Year    
Year one 38,266 19,344
Year two 29,670 46,954
Year three 33,259 17,568
Year four 14,754 9,058
Year five 1,213 0
Prior 1,323 1,536
Revolving Loans Amortized Cost 1,933 483
Revolving Loans Converted to Term 0 0
Total ending loans balance 120,418 94,943
Commercial Mortgages | Construction | Special Mention    
Term Loans - Amortized Cost by Origination Year    
Year one 0 0
Year two 0 0
Year three 0 0
Year four 0 0
Year five 0 0
Prior 0 0
Revolving Loans Amortized Cost 0 0
Revolving Loans Converted to Term 0 0
Total ending loans balance 0 0
Commercial Mortgages | Construction | Substandard    
Term Loans - Amortized Cost by Origination Year    
Year one 0 0
Year two 0 0
Year three 0 0
Year four 0 0
Year five 0 0
Prior 0 0
Revolving Loans Amortized Cost 0 0
Revolving Loans Converted to Term 0 0
Total ending loans balance 0 0
Commercial Mortgages | Construction | Doubtful    
Term Loans - Amortized Cost by Origination Year    
Year one 0 0
Year two 0 0
Year three 0 0
Year four 0 0
Year five 0 0
Prior 0 0
Revolving Loans Amortized Cost 0 0
Revolving Loans Converted to Term 0 0
Total ending loans balance 0 0
Commercial Mortgages | Owner occupied commercial real estate    
Term Loans - Amortized Cost by Origination Year    
Year one 49,557 23,196
Year two 23,186 23,651
Year three 22,308 27,808
Year four 25,164 21,409
Year five 19,878 9,513
Prior 35,898 34,550
Revolving Loans Amortized Cost 2,590 2,097
Revolving Loans Converted to Term 39 55
Total ending loans balance 178,620 142,279
Term Loans - Amortized Cost by Origination Year, Gross charge offs    
Year one 0 0
Year two 0 0
Year three 0 0
Year four 0 0
Year five 0 0
Prior 0 0
Revolving Loans Amortized Cost 0 0
Revolving Loans Converted to Term 0 0
Total 0 0
Commercial Mortgages | Owner occupied commercial real estate | Pass    
Term Loans - Amortized Cost by Origination Year    
Year one 48,350 23,196
Year two 23,186 23,185
Year three 17,531 26,945
Year four 23,050 20,979
Year five 12,966 9,513
Prior 31,441 31,222
Revolving Loans Amortized Cost 590 97
Revolving Loans Converted to Term 39 55
Total ending loans balance 157,153 135,192
Commercial Mortgages | Owner occupied commercial real estate | Special Mention    
Term Loans - Amortized Cost by Origination Year    
Year one 0 0
Year two 0 370
Year three 4,681 0
Year four 1,646 109
Year five 6,912 0
Prior 3,567 2,206
Revolving Loans Amortized Cost 2,000 2,000
Revolving Loans Converted to Term 0 0
Total ending loans balance 18,806 4,685
Commercial Mortgages | Owner occupied commercial real estate | Substandard    
Term Loans - Amortized Cost by Origination Year    
Year one 1,207 0
Year two 0 96
Year three 96 863
Year four 468 321
Year five 0 0
Prior 886 1,107
Revolving Loans Amortized Cost 0 0
Revolving Loans Converted to Term 0 0
Total ending loans balance 2,657 2,387
Commercial Mortgages | Owner occupied commercial real estate | Doubtful    
Term Loans - Amortized Cost by Origination Year    
Year one 0 0
Year two 0 0
Year three 0 0
Year four 0 0
Year five 0 0
Prior 4 15
Revolving Loans Amortized Cost 0 0
Revolving Loans Converted to Term 0 0
Total ending loans balance 4 15
Commercial Mortgages | Non-owner occupied commercial real estate    
Term Loans - Amortized Cost by Origination Year    
Year one 164,396 97,155
Year two 102,759 111,502
Year three 117,401 273,361
Year four 261,738 149,657
Year five 146,391 98,842
Prior 308,176 241,792
Revolving Loans Amortized Cost 9,102 6,696
Revolving Loans Converted to Term 726 777
Total ending loans balance 1,110,689 979,782
Term Loans - Amortized Cost by Origination Year, Gross charge offs    
Year one 0 0
Year two 0 0
Year three 0 0
Year four 0 0
Year five 0 0
Prior 6 0
Revolving Loans Amortized Cost 0 0
Revolving Loans Converted to Term 0 0
Total 6 0
Commercial Mortgages | Non-owner occupied commercial real estate | Pass    
Term Loans - Amortized Cost by Origination Year    
Year one 162,357 97,155
Year two 102,759 109,354
Year three 99,585 267,280
Year four 242,886 141,864
Year five 133,385 97,828
Prior 279,901 233,084
Revolving Loans Amortized Cost 9,102 6,696
Revolving Loans Converted to Term 726 777
Total ending loans balance 1,030,701 954,038
Commercial Mortgages | Non-owner occupied commercial real estate | Special Mention    
Term Loans - Amortized Cost by Origination Year    
Year one 0 0
Year two 0 0
Year three 15,301 5,935
Year four 18,852 7,793
Year five 13,006 0
Prior 27,806 7,833
Revolving Loans Amortized Cost 0 0
Revolving Loans Converted to Term 0 0
Total ending loans balance 74,965 21,561
Commercial Mortgages | Non-owner occupied commercial real estate | Substandard    
Term Loans - Amortized Cost by Origination Year    
Year one 2,039 0
Year two 0 2,148
Year three 2,515 146
Year four 0 0
Year five 0 1,014
Prior 469 875
Revolving Loans Amortized Cost 0 0
Revolving Loans Converted to Term 0 0
Total ending loans balance 5,023 4,183
Commercial Mortgages | Non-owner occupied commercial real estate | Doubtful    
Term Loans - Amortized Cost by Origination Year    
Year one 0 0
Year two 0 0
Year three 0 0
Year four 0 0
Year five 0 0
Prior 0 0
Revolving Loans Amortized Cost 0 0
Revolving Loans Converted to Term 0 0
Total ending loans balance 0 0
Residential Mortgages    
Term Loans - Amortized Cost by Origination Year    
Year one 38,892 21,574
Year two 24,307 20,257
Year three 17,659 55,406
Year four 51,161 55,923
Year five 51,115 64,691
Prior 103,751 57,128
Revolving Loans Amortized Cost 0 0
Revolving Loans Converted to Term 0 0
Total ending loans balance 286,885 274,979
Term Loans - Amortized Cost by Origination Year, Gross charge offs    
Year one 0 0
Year two 0 0
Year three 0 0
Year four 0 0
Year five 0 0
Prior 0 21
Revolving Loans Amortized Cost 0 0
Revolving Loans Converted to Term 0 0
Total 0 21
Residential Mortgages | Not rated    
Term Loans - Amortized Cost by Origination Year    
Year one 38,892 21,574
Year two 24,307 20,257
Year three 17,590 55,321
Year four 50,866 55,152
Year five 50,380 64,471
Prior 102,421 56,708
Revolving Loans Amortized Cost 0 0
Revolving Loans Converted to Term 0 0
Total ending loans balance 284,456 273,483
Residential Mortgages | Special Mention    
Term Loans - Amortized Cost by Origination Year    
Year one 0  
Year two 0  
Year three 0  
Year four 0  
Year five 426  
Prior 0  
Revolving Loans Amortized Cost 0  
Revolving Loans Converted to Term 0  
Total ending loans balance 426  
Residential Mortgages | Substandard    
Term Loans - Amortized Cost by Origination Year    
Year one 0 0
Year two 0 0
Year three 69 85
Year four 295 771
Year five 309 220
Prior 1,330 420
Revolving Loans Amortized Cost 0 0
Revolving Loans Converted to Term 0 0
Total ending loans balance 2,003 1,496
Consumer Loans    
Term Loans - Amortized Cost by Origination Year    
Total ending loans balance 248,764 279,915
Term Loans - Amortized Cost by Origination Year, Gross charge offs    
Total 1,653 1,550
Consumer Loans | Home equity lines and loans    
Term Loans - Amortized Cost by Origination Year    
Year one 7,882 13,833
Year two 12,004 10,681
Year three 8,871 14,272
Year four 11,459 4,879
Year five 4,113 2,503
Prior 10,316 10,454
Revolving Loans Amortized Cost 53,331 35,131
Revolving Loans Converted to Term 1,747 1,467
Total ending loans balance 109,723 93,220
Term Loans - Amortized Cost by Origination Year, Gross charge offs    
Year one 0 0
Year two 0 0
Year three 0 1
Year four 0 0
Year five 0 0
Prior 0 11
Revolving Loans Amortized Cost 0 1
Revolving Loans Converted to Term 0 0
Total 0 13
Consumer Loans | Home equity lines and loans | Not rated    
Term Loans - Amortized Cost by Origination Year    
Year one 7,882 13,833
Year two 12,004 10,657
Year three 8,849 14,094
Year four 11,138 4,879
Year five 4,113 2,503
Prior 10,124 10,259
Revolving Loans Amortized Cost 53,219 35,015
Revolving Loans Converted to Term 1,275 1,252
Total ending loans balance 108,604 92,492
Consumer Loans | Home equity lines and loans | Special Mention    
Term Loans - Amortized Cost by Origination Year    
Year one 0 0
Year two 0 0
Year three 0 115
Year four 114 0
Year five 0 0
Prior 0 0
Revolving Loans Amortized Cost 0 0
Revolving Loans Converted to Term 0 0
Total ending loans balance 114 115
Consumer Loans | Home equity lines and loans | Substandard    
Term Loans - Amortized Cost by Origination Year    
Year one 0 0
Year two 0 24
Year three 22 63
Year four 207 0
Year five 0 0
Prior 192 195
Revolving Loans Amortized Cost 112 116
Revolving Loans Converted to Term 472 215
Total ending loans balance 1,005 613
Consumer Loans | Indirect consumer loans    
Term Loans - Amortized Cost by Origination Year    
Year one 23,954 37,821
Year two 26,721 52,637
Year three 33,657 67,344
Year four 39,893 13,345
Year five 6,223 4,205
Prior 2,251 2,766
Revolving Loans Amortized Cost 0 0
Revolving Loans Converted to Term 0 0
Total ending loans balance 132,699 178,118
Term Loans - Amortized Cost by Origination Year, Gross charge offs    
Year one 12 47
Year two 345 517
Year three 641 525
Year four 358 161
Year five 121 99
Prior 78 116
Revolving Loans Amortized Cost 0 0
Revolving Loans Converted to Term 0 0
Total 1,555 1,465
Consumer Loans | Indirect consumer loans | Not rated    
Term Loans - Amortized Cost by Origination Year    
Year one 23,872 37,746
Year two 26,326 52,480
Year three 33,271 67,237
Year four 39,644 13,266
Year five 6,197 4,194
Prior 2,207 2,726
Revolving Loans Amortized Cost 0 0
Revolving Loans Converted to Term 0 0
Total ending loans balance 131,517 177,649
Consumer Loans | Indirect consumer loans | Substandard    
Term Loans - Amortized Cost by Origination Year    
Year one 82 75
Year two 395 157
Year three 386 107
Year four 249 79
Year five 26 11
Prior 44 40
Revolving Loans Amortized Cost 0 0
Revolving Loans Converted to Term 0 0
Total ending loans balance 1,182 469
Consumer Loans | Direct consumer loans    
Term Loans - Amortized Cost by Origination Year    
Year one 1,593 2,420
Year two 1,339 1,681
Year three 750 1,454
Year four 463 275
Year five 60 41
Prior 154 225
Revolving Loans Amortized Cost 1,979 2,465
Revolving Loans Converted to Term 4 16
Total ending loans balance 6,342 8,577
Term Loans - Amortized Cost by Origination Year, Gross charge offs    
Year one 12 5
Year two 27 21
Year three 23 20
Year four 12 14
Year five 3 0
Prior 0 4
Revolving Loans Amortized Cost 21 8
Revolving Loans Converted to Term 0 0
Total 98 72
Consumer Loans | Direct consumer loans | Not rated    
Term Loans - Amortized Cost by Origination Year    
Year one 1,591 2,420
Year two 1,339 1,681
Year three 750 1,454
Year four 460 275
Year five 60 41
Prior 154 225
Revolving Loans Amortized Cost 1,969 2,455
Revolving Loans Converted to Term 4 14
Total ending loans balance 6,327 8,565
Consumer Loans | Direct consumer loans | Substandard    
Term Loans - Amortized Cost by Origination Year    
Year one 2 0
Year two 0 0
Year three 0 0
Year four 3 0
Year five 0 0
Prior 0 0
Revolving Loans Amortized Cost 10 10
Revolving Loans Converted to Term 0 2
Total ending loans balance $ 15 $ 12
v3.25.4
PREMISES AND EQUIPMENT - Schedule of Premises and Equipment (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Premises and equipment [Abstract]    
Premises and equipment, gross $ 86,863 $ 86,539
Less accumulated depreciation and amortization 71,462 70,164
Net book value 15,401 16,375
Land    
Premises and equipment [Abstract]    
Premises and equipment, gross 4,298 4,298
Buildings    
Premises and equipment [Abstract]    
Premises and equipment, gross 39,602 39,462
Projects in progress    
Premises and equipment [Abstract]    
Premises and equipment, gross 11 78
Equipment and furniture    
Premises and equipment [Abstract]    
Premises and equipment, gross 37,251 36,975
Leasehold improvements    
Premises and equipment [Abstract]    
Premises and equipment, gross $ 5,701 $ 5,726
v3.25.4
PREMISES AND EQUIPMENT - Narrative (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Property, Plant and Equipment [Line Items]    
Depreciation $ 1,895 $ 1,814
Proceeds from sale 1,300  
Gain on sale 600  
Discontinued Operations, Held-for-Sale | Ithaca Station    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, disposal group’s carrying value 700  
Disposal group, appraised value less selling costs $ 1,300  
v3.25.4
PREMISES AND EQUIPMENT - Schedule of Leases in Premises and Equipment (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Property, Plant and Equipment [Abstract]    
Buildings $ 6,507 $ 6,507
Accumulated amortization (3,615) (3,236)
Net book value $ 2,892 $ 3,271
v3.25.4
LEASES - Narrative (Details)
12 Months Ended
Dec. 31, 2025
USD ($)
lease
Dec. 31, 2024
USD ($)
May 31, 2024
USD ($)
Leases [Abstract]      
Operating lease, weighted average remaining lease term (years) 6 years 1 month 9 days    
Operating lease, weighted average discount rate 3.53%    
Rent expense $ 1,000,000.0 $ 1,000,000.0  
Number operating lease not yet commenced | lease 0    
Present value of net minimum lease payments $ 3,444,000 $ 3,779,000 $ 900,000
Finance lease, weighted average remaining lease term (years) 10 years 8 months 23 days    
Finance lease, weighted average discount rate 4.08%    
Finance lease not yet commenced $ 0    
v3.25.4
LEASES - Schedule of Leased Branch Properties (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Leases [Abstract]    
Operating lease right-of-use asset $ 5,446 $ 5,648
Less: accumulated amortization (771) (772)
Add: lease modifications   570
Operating lease right-of-use-assets, net $ 4,755 $ 5,446
v3.25.4
LEASES - Schedule of Maturities of Operating Lease Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Leases [Abstract]    
2026 $ 965  
2027 977  
2028 845  
2029 830  
2030 705  
2031 and thereafter 1,163  
Total minimum lease payments 5,485  
Less: amount representing interest (548)  
Present value of net minimum lease payments $ 4,937 $ 5,629
v3.25.4
LEASES - Schedule of Future Minimum Lease Payment Obligations Under Capital Leases (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
May 31, 2024
Leases [Abstract]      
2026 $ 502    
2027 505    
2028 505    
2029 511    
2030 318    
2031 and thereafter 2,119    
Total minimum lease payments 4,460    
Less: amount representing interest (1,016)    
Present value of net minimum lease payments $ 3,444 $ 3,779 $ 900
v3.25.4
GOODWILL AND INTANGIBLE ASSETS - Schedule of Changes in Goodwill (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Goodwill [Roll Forward]    
Beginning of year $ 21,824 $ 21,824
Acquired goodwill 0 0
End of year $ 21,824 $ 21,824
v3.25.4
GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Indefinite-Lived Intangible Assets [Line Items]    
Amortization of intangible assets $ 0 $ 0
Core Deposits    
Indefinite-Lived Intangible Assets [Line Items]    
Acquired intangible assets 6,000,000.0 6,000,000.0
Customer Relationships    
Indefinite-Lived Intangible Assets [Line Items]    
Acquired intangible assets $ 5,600,000 $ 5,600,000
v3.25.4
DEPOSITS - Schedule of Deposits (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Summary of deposits [Abstract]    
Non interest-bearing demand deposits $ 624,532 $ 625,762
Interest-bearing demand deposits 326,645 306,536
Insured money market deposits 601,391 595,123
Savings deposits 254,490 245,550
Certificates of deposits $250,000 or less 339,320 401,563
Certificates of deposits greater than $250,000 98,714 101,125
Brokered deposits 0 92,159
Other time deposits 25,582 29,065
Total deposits $ 2,270,674 $ 2,396,883
v3.25.4
DEPOSITS - Schedule of Maturities of Time Deposits (Details)
$ in Thousands
Dec. 31, 2025
USD ($)
Scheduled maturities of time deposits [Abstract]  
2026 $ 445,122
2027 12,899
2028 4,497
2029 386
2030 694
2031 and thereafter 18
Total $ 463,616
v3.25.4
DEPOSITS - Narrative (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Deposits [Abstract]    
Time deposits that meet or exceed the FDIC Insurance limit of $250 thousand $ 102.1 $ 107.6
v3.25.4
FEDERAL HOME LOAN BANK TERM ADVANCES AND OTHER BORROWINGS - Narrative (Details)
12 Months Ended
Jun. 10, 2025
USD ($)
Dec. 31, 2025
USD ($)
financial_institution
Dec. 31, 2024
USD ($)
Federal Home Loan Bank, Advances, Maturity Periods [Line Items]      
FHLBNY overnight advances   $ 87,110,000 $ 109,110,000
Maximum amount eligible to borrow   $ 91,400,000  
Number Of financial institutions | financial_institution   4  
Fixed rate (as a percent)   7.75%  
Net of issuance cost   $ 972,000 0
Proceeds from subordinated debt issuance $ 44,000,000.0 45,000,000 0
Unsecured Debt      
Federal Home Loan Bank, Advances, Maturity Periods [Line Items]      
Unsecured federal funds line of credit   65,000,000.0  
Subordinated Debt      
Federal Home Loan Bank, Advances, Maturity Periods [Line Items]      
Aggregate principal amount $ 45,000,000.0    
Fixed rate (as a percent) 7.75%    
Basis rate (as a percent) 4.15%    
Net of issuance cost   1,000,000.0  
Interest expense   2,000,000.0  
Residential Mortgages and Home Equity Loans | Asset Pledged as Collateral      
Federal Home Loan Bank, Advances, Maturity Periods [Line Items]      
Financial instruments, owned, at fair value   $ 255,100,000 $ 244,600,000
v3.25.4
FEDERAL HOME LOAN BANK TERM ADVANCES AND OTHER BORROWINGS - Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Advance from Federal Home Loan Bank [Abstract]    
FHLBNY overnight advances $ 87,110 $ 109,110
FHLBNY interest rate 3.96% 4.69%
v3.25.4
FEDERAL HOME LOAN BANK TERM ADVANCES AND OTHER BORROWINGS - Schedule of Corporation's Subordinated Notes Outstanding (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Advance from Federal Home Loan Bank [Abstract]    
Amount $ 44,028 $ 0
Fixed rate (as a percent) 7.75%  
v3.25.4
REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Disaggregation of Revenue [Line Items]    
Net gains (losses) on sales of OREO $ 2 $ (18)
Net gains on sales of securities (17,498) 0
Change in fair value of equity securities 211 179
Income from bank owned life insurance 32 38
Total non-interest income 7,945 23,230
Overdraft fees    
Disaggregation of Revenue [Line Items]    
Revenues from contracts with customer 2,862 2,997
Other    
Disaggregation of Revenue [Line Items]    
Revenues from contracts with customer 1,565 1,045
Interchange revenue from debit card transactions    
Disaggregation of Revenue [Line Items]    
Revenues from contracts with customer 4,302 4,426
WMG fee income    
Disaggregation of Revenue [Line Items]    
Revenues from contracts with customer 11,945 11,573
CFS fee and commission income    
Disaggregation of Revenue [Line Items]    
Revenues from contracts with customer 1,176 1,054
Net gains (losses) on sales of OREO    
Disaggregation of Revenue [Line Items]    
Net gains (losses) on sales of OREO 2 (18)
Net gains on sales of loans    
Disaggregation of Revenue [Line Items]    
Revenue not from contract with customer 261 214
Loan servicing fees    
Disaggregation of Revenue [Line Items]    
Revenue not from contract with customer 149 144
Income from bank-owned life insurance    
Disaggregation of Revenue [Line Items]    
Income from bank owned life insurance 32 38
Other    
Disaggregation of Revenue [Line Items]    
Revenue not from contract with customer 2,938 1,578
Core Banking | Operating Segments    
Disaggregation of Revenue [Line Items]    
Net gains on sales of securities (17,498)  
Change in fair value of equity securities 202 203
Total non-interest income (5,185) 10,627
Core Banking | Overdraft fees | Operating Segments    
Disaggregation of Revenue [Line Items]    
Revenues from contracts with customer 2,862 2,997
Core Banking | Other | Operating Segments    
Disaggregation of Revenue [Line Items]    
Revenues from contracts with customer 1,565 1,045
Core Banking | Interchange revenue from debit card transactions | Operating Segments    
Disaggregation of Revenue [Line Items]    
Revenues from contracts with customer 4,302 4,426
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 2 (18)
Core Banking | Net gains on sales of loans | Operating Segments    
Disaggregation of Revenue [Line Items]    
Revenue not from contract with customer 261 214
Core Banking | Loan servicing fees | Operating Segments    
Disaggregation of Revenue [Line Items]    
Revenue not from contract with customer 149 144
Core Banking | Income from bank-owned life insurance | Operating Segments    
Disaggregation of Revenue [Line Items]    
Income from bank owned life insurance 32 38
Core Banking | Other | Operating Segments    
Disaggregation of Revenue [Line Items]    
Revenue not from contract with customer 2,938 1,578
WMG | Operating Segments    
Disaggregation of Revenue [Line Items]    
Net gains on sales of securities 0  
Change in fair value of equity securities 0 0
Total non-interest income 11,945 11,573
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 11,945 11,573
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 contract with customer 0 0
WMG | Loan servicing fees | Operating Segments    
Disaggregation of Revenue [Line Items]    
Revenue not from contract 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 contract with customer 0 0
Holding Company and CFS | Intersegment Eliminations    
Disaggregation of Revenue [Line Items]    
Net gains on sales of securities 0  
Change in fair value of equity securities 9 (24)
Total non-interest income 1,185 1,030
Holding Company and CFS | Overdraft fees | Intersegment Eliminations    
Disaggregation of Revenue [Line Items]    
Revenues from contracts with customer 0 0
Holding Company and CFS | Other | Intersegment Eliminations    
Disaggregation of Revenue [Line Items]    
Revenues from contracts with customer 0 0
Holding Company and CFS | Interchange revenue from debit card transactions | Intersegment Eliminations    
Disaggregation of Revenue [Line Items]    
Revenues from contracts with customer 0 0
Holding Company and CFS | WMG fee income | Intersegment Eliminations    
Disaggregation of Revenue [Line Items]    
Revenues from contracts with customer 0 0
Holding Company and CFS | CFS fee and commission income | Intersegment Eliminations    
Disaggregation of Revenue [Line Items]    
Revenues from contracts with customer 1,176 1,054
Holding Company and CFS | 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 and CFS | Net gains on sales of loans | Intersegment Eliminations    
Disaggregation of Revenue [Line Items]    
Revenue not from contract with customer 0 0
Holding Company and CFS | Loan servicing fees | Intersegment Eliminations    
Disaggregation of Revenue [Line Items]    
Revenue not from contract with customer 0 0
Holding Company and CFS | Income from bank-owned life insurance | Intersegment Eliminations    
Disaggregation of Revenue [Line Items]    
Income from bank owned life insurance 0 0
Holding Company and CFS | Other | Intersegment Eliminations    
Disaggregation of Revenue [Line Items]    
Revenue not from contract with customer $ 0 $ 0
v3.25.4
DERIVATIVES - Narrative (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Derivative    
Derivative [Line Items]    
Interest receivable $ 400  
Interest payable   $ 500
Derivatives not designated as hedging instruments:    
Derivative [Line Items]    
Notional amount 899,075 703,222
Derivatives not designated as hedging instruments: | Swap    
Derivative [Line Items]    
Notional amount 869,400  
Derivatives not designated as hedging instruments: | Interest rate swap agreements on loans with commercial loan customers    
Derivative [Line Items]    
Notional amount 434,703 340,117
Derivatives not designated as hedging instruments: | Interest rate swap agreements with third-party counter-parties    
Derivative [Line Items]    
Notional amount 434,703 340,117
Derivatives not designated as hedging instruments: | Risk participation agreements    
Derivative [Line Items]    
Notional amount 29,669 22,988
Off-balance sheet exposure $ 400 $ 100
v3.25.4
DERIVATIVES - Schedule of Derivative Financial Instruments (Details) - Derivatives not designated as hedging instruments:
$ in Thousands
12 Months Ended
Dec. 31, 2025
USD ($)
instrument
Dec. 31, 2024
USD ($)
instrument
Derivative [Line Items]    
Number of Instruments | instrument 138 107
Notional Amount $ 899,075 $ 703,222
Fair Value (132) (22)
Unrealized gain (loss) recognized in other non-interest income $ (110) $ 17
Interest rate swap agreements on loans with commercial loan customers    
Derivative [Line Items]    
Number of Instruments | instrument 66 51
Notional Amount $ 434,703 $ 340,117
Weighted Average Maturity (in years) 4 years 7 months 6 days 5 years 6 months
Fair Value $ (11,362) $ (23,411)
Unrealized gain (loss) recognized in other non-interest income $ 12,049 $ (4,056)
Interest rate swap agreements on loans with commercial loan customers | Weighted Average Interest Rate Received    
Derivative [Line Items]    
Average interest rate 4.88% 4.53%
Interest rate swap agreements on loans with commercial loan customers | Weighted Average Contract Pay Rate    
Derivative [Line Items]    
Average interest rate 5.77% 6.37%
Interest rate swap agreements with third-party counter-parties    
Derivative [Line Items]    
Number of Instruments | instrument 66 51
Notional Amount $ 434,703 $ 340,117
Weighted Average Maturity (in years) 4 years 7 months 6 days 5 years 6 months
Fair Value $ 11,244 $ 23,395
Unrealized gain (loss) recognized in other non-interest income $ (12,151) $ 4,079
Interest rate swap agreements with third-party counter-parties | Weighted Average Interest Rate Received    
Derivative [Line Items]    
Average interest rate 5.77% 6.37%
Interest rate swap agreements with third-party counter-parties | Weighted Average Contract Pay Rate    
Derivative [Line Items]    
Average interest rate 4.88% 4.53%
Risk participation agreements    
Derivative [Line Items]    
Number of Instruments | instrument 6 5
Notional Amount $ 29,669 $ 22,988
Weighted Average Maturity (in years) 6 years 7 years 9 months 18 days
Fair Value $ (14) $ (6)
Unrealized gain (loss) recognized in other non-interest income $ (8) $ (6)
v3.25.4
INCOME TAXES - Schedule of Components of Income Tax Expense Attributable to Income from Operations (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Current expense:    
Federal $ 6,875 $ 4,877
State 630 416
Total current 7,505 5,293
Deferred expense/(benefit):    
Federal (2,938) 1,029
State (556) 92
Establishment of valuation allowance 821 0
Total deferred (2,673) 1,121
Income tax expense $ 4,832 $ 6,414
v3.25.4
INCOME TAXES - Schedule of Reconciliation of Income Tax Expense (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Amounts    
Income taxes at the U.S. federal statutory tax rate $ 4,187 $ 6,318
State and local income taxes, net of federal income tax impact 134 437
Changes in valuation allowances 745  
Nontaxable or nondeductible items    
Municipal interest income (360)  
Other 91  
Nondeductible interest expense   51
Other adjustments 35 146
Income tax expense $ 4,832 $ 6,414
Percentages    
Income taxes at the U.S. federal statutory tax rate 21.00% 21.00%
State and local income taxes, net of federal income tax impact 0.70%  
Changes in valuation allowances 3.70%  
Nontaxable or nondeductible items    
Municipal interest income (1.80%)  
Other 0.50%  
Other adjustments 0.10%  
Total 24.20% 21.30%
v3.25.4
INCOME TAXES - Schedule of Reconciliation of Income Tax Expense Before Adoption of ASU 2023-09 (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Income Tax Disclosure [Abstract]    
Statutory federal tax rate 21.00% 21.00%
Tax computed at statutory rate $ 4,187 $ 6,318
Increase (reduction) resulting from:    
Tax-exempt income   (528)
Dividend exclusion   (10)
State taxes, net of Federal impact 134 437
Nondeductible interest expense 91  
Other items, net 35 146
Income tax expense $ 4,832 $ 6,414
Effective tax rate 24.20% 21.30%
v3.25.4
INCOME TAXES - Schedule of Income Taxes Paid (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2025
USD ($)
Effective Income Tax Rate Reconciliation [Line Items]  
U.S. federal taxes $ 5,950
State and local taxes  
Total income taxes paid 6,348
New York  
State and local taxes  
State and local taxes $ 398
v3.25.4
INCOME TAXES - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Jun. 30, 2025
Dec. 31, 2024
Deferred tax assets:      
Allowance for credit losses $ 6,534   $ 5,858
Depreciation 1,334   1,122
Deferred compensation and directors' fees 1,656   1,444
Operating lease liabilities 1,253   1,435
Purchase accounting adjustment – fixed assets 154   154
Net unrealized losses on securities available for sale 12,484   22,487
Defined benefit pension and other benefit plans 448   527
Nonaccrued interest 381   381
Accrued expense 52   74
Capital loss carryforward 2,694 $ 11,500 0
Other items, net 114   135
Total gross deferred tax assets 27,104   33,617
Deferred tax liabilities:      
Deferred loan fees and costs 1,054   1,220
Prepaid pension 4,268   4,283
Discount accretion 195   163
Core deposit intangible 1,847   1,821
REIT dividend 1,107   775
Operating lease right-of-use assets 1,253   1,435
Accrual for employee benefit plans 15   11
Other items, net 285   241
Total gross deferred tax liabilities 10,024   9,949
Valuation allowance 821   0
Net deferred tax asset $ 16,259   $ 23,668
v3.25.4
INCOME TAXES - Narrative (Details) - USD ($)
3 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
Income Tax Disclosure [Abstract]      
Net loss of available for sale securities sale $ 17,500,000 $ 17,512,000  
Capital loss carryforward 11,500,000 2,694,000 $ 0
Deferred tax asset $ 2,700,000    
Carryforward limitation 5 years    
Valuation allowance   821,000 0
Unrecognized tax benefits   0 0
Accrued interest or penalties related to uncertain tax positions   $ 0 $ 0
v3.25.4
PENSION PLAN AND OTHER BENEFIT PLANS - Narrative (Details) - USD ($)
12 Months Ended
Jan. 01, 2017
Oct. 20, 2016
Dec. 31, 2025
Dec. 31, 2024
Defined Benefit Plan Disclosure [Line Items]        
Period of employment multiplier     5 years  
Average total life expectancy of participants (years)     21 years 3 months 14 days  
Percentage (decrease) increase in unrecognized net loss of the projected benefit obligation     (0.05)  
Hours requirement to be eligible   1000 hours    
Total expense       $ 1,600,000
Defined Contribution Profit Sharing, Savings and Investment Plan        
Defined Benefit Plan Disclosure [Line Items]        
Defined contribution plan, employer non-discretionary contribution amount 3.00%   3.00%  
Contribution cost percentage 50.00%   50.00%  
Defined contribution plan, employer matching contribution, percent of employees' gross pay 6.00%   6.00%  
Total expense     $ 1,600,000  
Chemung common stock included in defined contribution plan assets (in shares)     95,292 112,006
Defined Contribution Supplemental Executive Retirement Plan        
Defined Benefit Plan Disclosure [Line Items]        
Total expense     $ 700,000 $ 700,000
Balance in the plan     4,600,000 4,000,000.0
Pension Plan        
Defined Benefit Plan Disclosure [Line Items]        
Accumulated benefit obligation     29,400,000 29,200,000
Actuarial loss, increase due to change in discount rate     $ 600,000  
Percentage of combined loss of expected year end obligations (less than)     0.010  
Other comprehensive income, defined benefit plans, decrease in net unamortized gain loss arising during period net of tax     $ 600,000  
Other comprehensive income, defined benefit plans, decrease in net unamortized gain/loss arising during period net of tax, due to variance of actual and expected return on plan assets     $ 1,400,000  
Total unrecognized net loss increased percentage of obligation amortization threshold     10.00%  
Total unrecognized net loss increased (decreased) percentage of plan assets threshold     10.00%  
Increase/(decrease) in the discount rate percentage     1.00%  
Increase in net pension cost     $ 120,000  
Decrease in net pension cost     (133,000)  
Decrease in year-end projected benefit obligation     (2,400,000)  
Increase in year-end projected benefit obligation     $ 2,800,000  
Percentage (decrease) increase in unrecognized net loss of the projected benefit obligation     (0.019)  
Pension Plan | Minimum        
Defined Benefit Plan Disclosure [Line Items]        
Evaluation period of expected long-term return on plan assets     3 years  
Pension Plan | Maximum        
Defined Benefit Plan Disclosure [Line Items]        
Evaluation period of expected long-term return on plan assets     5 years  
Other Postretirement Benefit Plan        
Defined Benefit Plan Disclosure [Line Items]        
Other comprehensive income, defined benefit plans, decrease in net unamortized gain loss arising during period net of tax     $ 4,000  
Contribution cost percentage     50.00%  
Decrease in accumulated benefit obligation due to change in discount rate     $ 1,000  
Increase in accumulated benefit obligation due to discount rate, claims and date experience     $ 14,000  
Average future working lifetime of active participants     6 years  
Estimated employer contributions in next fiscal year     $ 11,000  
Executive Supplemental Pension Plan        
Defined Benefit Plan Disclosure [Line Items]        
Accumulated benefit obligation     800,000 $ 900,000
Actuarial loss, increase due to change in discount rate     $ 11,000  
Total unrecognized net loss increased percentage of obligation amortization threshold     10.00%  
Total unrecognized net loss increased (decreased) percentage of plan assets threshold     10.00%  
Average total life expectancy of participants (years)     9 years 3 months  
Percentage (decrease) increase in unrecognized net loss of the projected benefit obligation     0.008  
All other sources gain (loss) (less than)     $ 0  
Estimated employer contributions in next fiscal year     109,000  
Actuarial gain (loss), increase due to change in mortality losses     7,000  
Defined benefit plan, increase in total unrecognized net loss     $ 7,000  
v3.25.4
PENSION PLAN AND OTHER BENEFIT PLANS - Schedule of Changes in Projected Benefit Obligation and Plan Assets, and Funded Status (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Pension Plan    
Change in projected benefit obligation:    
Benefit obligation at beginning of year $ 29,169 $ 31,023
Service cost 0 0
Interest cost 1,590 1,531
Actuarial (gain) loss 883 (1,133)
Curtailments 0 0
Settlements 0 0
Benefits paid (2,274) (2,252)
Benefit obligation at end of year 29,368 29,169
Change in plan assets:    
Fair value of plan assets at beginning of year 48,107 46,950
Actual return on plan assets 3,549 3,409
Employer contributions 0 0
Settlements 0 0
Benefits paid (2,274) (2,252)
Fair value of plan assets at end of year 49,382 48,107
Funded status of plan 20,014 18,938
Defined Benefit Health Care Plan    
Change in projected benefit obligation:    
Benefit obligation at beginning of year 87 76
Service cost 0 0
Interest cost 5 5
Participant contributions 16 17
Amendments 0 0
Actuarial (gain) loss 14 40
Benefits paid (50) (51)
Benefit obligation at end of year 72 87
Change in plan assets:    
Fair value of plan assets at beginning of year 0 0
Employer contributions 34 34
Plan participants’ contributions 16 17
Benefits paid (50) (51)
Fair value of plan assets at end of year 0 0
Funded status of plan (72) (87)
Executive Supplemental Pension Plan    
Change in projected benefit obligation:    
Benefit obligation at beginning of year 859 924
Service cost 0 0
Interest cost 45 44
Actuarial (gain) loss 18 0
Benefits paid (109) (109)
Benefit obligation at end of year 813 859
Change in plan assets:    
Fair value of plan assets at beginning of year 0 0
Employer contributions 109 109
Benefits paid (109) (109)
Fair value of plan assets at end of year 0 0
Funded status of plan $ (813) $ (859)
v3.25.4
PENSION PLAN AND OTHER BENEFIT PLANS - Schedule of Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Pension Plan      
Defined Benefit Plan Disclosure [Line Items]      
Net actuarial loss $ 1,379 $ 1,936  
Prior service cost 0 0  
Total before tax effects 1,379 1,936  
Fair value of plan assets 49,382 48,107 $ 46,950
Pension Plan | Carrying Value      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 49,382 48,107  
Pension Plan | Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 49,382 48,107  
Pension Plan | Fair Value | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Plan | Fair Value | Significant Unobservable Inputs (Level 3)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Plan | U.S. Corporate bonds | Carrying Value      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Plan | U.S. Corporate bonds | Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Plan | U.S. Corporate bonds | Fair Value | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Plan | U.S. Corporate bonds | Fair Value | Significant Unobservable Inputs (Level 3)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Pension Plan | Foreign bonds, notes & debentures | Carrying Value      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets   0  
Pension Plan | Foreign bonds, notes & debentures | Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets   0  
Pension Plan | Foreign bonds, notes & debentures | Fair Value | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets   0  
Pension Plan | Foreign bonds, notes & debentures | Fair Value | Significant Unobservable Inputs (Level 3)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets   0  
Defined Benefit Health Care Plan      
Defined Benefit Plan Disclosure [Line Items]      
Net actuarial loss 119 123  
Prior service cost 0 0  
Total before tax effects 119 123  
Fair value of plan assets 0 0 0
Executive Supplemental Pension Plan      
Defined Benefit Plan Disclosure [Line Items]      
Net actuarial loss 199 192  
Prior service cost 0 0  
Total before tax effects 199 192  
Fair value of plan assets $ 0 $ 0 $ 0
v3.25.4
PENSION PLAN AND OTHER BENEFIT PLANS - Schedule of Weighted-average Assumptions For Net Periodic Cost (Details)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Pension Plan    
Defined Benefit Plan Disclosure [Line Items]    
Discount rate 5.40% 5.63%
Discount rate 5.63% 5.07%
Expected return on assets 4.50% 5.50%
Other Postretirement Benefit Plan    
Defined Benefit Plan Disclosure [Line Items]    
Discount rate 5.40% 5.63%
Discount rate 5.63% 5.07%
Other Postretirement Benefit Plan | Minimum    
Defined Benefit Plan Disclosure [Line Items]    
Health care cost trend rate assumed, next fiscal year 9.00% 7.50%
Health care cost trend: Initial 9.25% 7.75%
Health care cost trend: Ultimate (Pre-65/Post 65) 4.75% 4.75%
Other Postretirement Benefit Plan | Maximum    
Defined Benefit Plan Disclosure [Line Items]    
Health care cost trend rate assumed, next fiscal year 8.50% 6.50%
Health care cost trend: Initial 8.75% 6.75%
Health care cost trend: Ultimate (Pre-65/Post 65) 4.75% 4.75%
Executive Supplemental Pension Plan    
Defined Benefit Plan Disclosure [Line Items]    
Discount rate 5.40% 5.63%
Discount rate 5.63% 5.07%
v3.25.4
PENSION PLAN AND OTHER BENEFIT PLANS - Schedule of Net Periodic Benefit Cost (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Pension Plan    
Defined Benefit Plan Disclosure [Line Items]    
Service cost $ 0 $ 0
Interest cost 1,590 1,531
Expected return on plan assets (2,109) (2,517)
Amortization of net loss 0 0
Amortization of  prior service cost 0 0
Recognized (gain) loss due to settlements 0 0
Net periodic cost (benefit) (519) (986)
Other Postretirement Benefit Plan    
Defined Benefit Plan Disclosure [Line Items]    
Service cost 0 0
Interest cost 5 5
Expected return on plan assets 0 0
Amortization of net loss 19 19
Amortization of  prior service cost 0 0
Recognized prior service benefit due to curtailments 0 0
Net periodic cost (benefit) 24 24
Executive Supplemental Pension Plan    
Defined Benefit Plan Disclosure [Line Items]    
Service cost 0 0
Interest cost 45 44
Amortization of net loss 11 11
Net periodic cost (benefit) $ 56 $ 55
v3.25.4
PENSION PLAN AND OTHER BENEFIT PLANS - Schedule of Other Changes In Plan Assets And Benefit Obligations Recognized In Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Defined Benefit Plan Disclosure [Line Items]    
Net actuarial (gain) loss $ (525) $ (1,985)
Recognized actuarial loss (30) (30)
Total recognized in other comprehensive income (loss)(before tax effect) (555) (2,015)
Pension Plan    
Defined Benefit Plan Disclosure [Line Items]    
Net actuarial (gain) loss (557) (2,025)
Recognized actuarial loss 0 0
Amortization of prior service cost 0 0
Total recognized in other comprehensive income (loss)(before tax effect) (557) (2,025)
Total recognized in net (benefit) cost and other comprehensive income (loss) (before tax effect) (1,076) (3,011)
Other Postretirement Benefit Plan    
Defined Benefit Plan Disclosure [Line Items]    
Net actuarial (gain) loss 14 40
Recognized actuarial loss (19) (19)
Prior service credit 0 0
Amortization of prior service cost 0 0
Total recognized in other comprehensive income (loss)(before tax effect) (5) 21
Total recognized in net (benefit) cost and other comprehensive income (loss) (before tax effect) 19 45
Executive Supplemental Pension Plan    
Defined Benefit Plan Disclosure [Line Items]    
Net actuarial (gain) loss 18 0
Recognized actuarial loss (11) (11)
Total recognized in other comprehensive income (loss)(before tax effect) 7 (11)
Total recognized in net (benefit) cost and other comprehensive income (loss) (before tax effect) $ 63 $ 44
v3.25.4
PENSION PLAN AND OTHER BENEFIT PLANS - Schedule of Target Allocations Of Plan Assets (Details) - Pension Plan
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Defined Benefit Plan Disclosure [Line Items]    
Percentage of plan assets (in hundredths) 100.00% 100.00%
Expected return on assets 4.50% 5.50%
Large cap domestic equities    
Defined Benefit Plan Disclosure [Line Items]    
Percentage of plan assets (in hundredths) 17.00% 15.00%
Expected return on assets 12.50%  
Mid-cap domestic equities    
Defined Benefit Plan Disclosure [Line Items]    
Percentage of plan assets (in hundredths) 1.00% 0.00%
Expected return on assets 10.00%  
Small-cap domestic equities    
Defined Benefit Plan Disclosure [Line Items]    
Percentage of plan assets (in hundredths) 1.00% 0.00%
Expected return on assets 8.80%  
International equities    
Defined Benefit Plan Disclosure [Line Items]    
Percentage of plan assets (in hundredths) 1.00% 0.00%
Expected return on assets 6.80%  
Emerging market equities    
Defined Benefit Plan Disclosure [Line Items]    
Percentage of plan assets (in hundredths) 1.00% 0.00%
Expected return on assets 4.20%  
Intermediate fixed income    
Defined Benefit Plan Disclosure [Line Items]    
Percentage of plan assets (in hundredths) 74.00% 69.00%
Expected return on assets 2.70%  
Alternative assets    
Defined Benefit Plan Disclosure [Line Items]    
Percentage of plan assets (in hundredths) 0.00% 0.00%
Expected return on assets 0.00%  
Cash    
Defined Benefit Plan Disclosure [Line Items]    
Percentage of plan assets (in hundredths) 5.00% 16.00%
Expected return on assets 1.60%  
Minimum | Large cap domestic equities    
Defined Benefit Plan Disclosure [Line Items]    
Target allocation 0.00%  
Minimum | Mid-cap domestic equities    
Defined Benefit Plan Disclosure [Line Items]    
Target allocation 0.00%  
Minimum | Small-cap domestic equities    
Defined Benefit Plan Disclosure [Line Items]    
Target allocation 0.00%  
Minimum | International equities    
Defined Benefit Plan Disclosure [Line Items]    
Target allocation 0.00%  
Minimum | Emerging market equities    
Defined Benefit Plan Disclosure [Line Items]    
Target allocation 0.00%  
Minimum | Intermediate fixed income    
Defined Benefit Plan Disclosure [Line Items]    
Target allocation 60.00%  
Minimum | Alternative assets    
Defined Benefit Plan Disclosure [Line Items]    
Target allocation 0.00%  
Minimum | Cash    
Defined Benefit Plan Disclosure [Line Items]    
Target allocation 0.00%  
Maximum | Large cap domestic equities    
Defined Benefit Plan Disclosure [Line Items]    
Target allocation 30.00%  
Maximum | Mid-cap domestic equities    
Defined Benefit Plan Disclosure [Line Items]    
Target allocation 6.00%  
Maximum | Small-cap domestic equities    
Defined Benefit Plan Disclosure [Line Items]    
Target allocation 5.00%  
Maximum | International equities    
Defined Benefit Plan Disclosure [Line Items]    
Target allocation 6.00%  
Maximum | Emerging market equities    
Defined Benefit Plan Disclosure [Line Items]    
Target allocation 5.00%  
Maximum | Intermediate fixed income    
Defined Benefit Plan Disclosure [Line Items]    
Target allocation 100.00%  
Maximum | Alternative assets    
Defined Benefit Plan Disclosure [Line Items]    
Target allocation 15.00%  
Maximum | Cash    
Defined Benefit Plan Disclosure [Line Items]    
Target allocation 25.00%  
v3.25.4
PENSION PLAN AND OTHER BENEFIT PLANS - Schedule of Fair Value Plan Assets By Asset Class (Details) - Pension Plan - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets $ 49,382 $ 48,107 $ 46,950
Carrying Value      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 49,382 48,107  
Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 49,382 48,107  
Fair Value | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Fair Value | Significant Unobservable Inputs (Level 3)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Cash | Carrying Value      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 2,780 7,577  
Cash | Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 2,780 7,577  
Cash | Fair Value | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Cash | Fair Value | Significant Unobservable Inputs (Level 3)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
U.S. companies | Carrying Value      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 2,859 0  
U.S. companies | Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 2,859 0  
U.S. companies | Fair Value | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
U.S. companies | Fair Value | Significant Unobservable Inputs (Level 3)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
International companies | Carrying Value      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 107 0  
International companies | Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 107  
International companies | Fair Value | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
International companies | Fair Value | Significant Unobservable Inputs (Level 3)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Mutual funds | Carrying Value      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 41,664 38,620  
Mutual funds | Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 41,664 38,620  
Mutual funds | Fair Value | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
Mutual funds | Fair Value | Significant Unobservable Inputs (Level 3)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
U.S. Treasuries/Government bonds | Carrying Value      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 1,972 1,910  
U.S. Treasuries/Government bonds | Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 1,972 1,910  
U.S. Treasuries/Government bonds | Fair Value | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
U.S. Treasuries/Government bonds | Fair Value | Significant Unobservable Inputs (Level 3)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
U.S. Corporate bonds | Carrying Value      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
U.S. Corporate bonds | Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
U.S. Corporate bonds | Fair Value | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets 0 0  
U.S. Corporate bonds | Fair Value | Significant Unobservable Inputs (Level 3)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets $ 0 0  
Foreign bonds, notes & debentures | Carrying Value      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets   0  
Foreign bonds, notes & debentures | Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets   0  
Foreign bonds, notes & debentures | Fair Value | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets   0  
Foreign bonds, notes & debentures | Fair Value | Significant Unobservable Inputs (Level 3)      
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets   $ 0  
v3.25.4
PENSION PLAN AND OTHER BENEFIT PLANS - Schedule of Estimated Benefit Payments (Details)
$ in Thousands
Dec. 31, 2025
USD ($)
Pension Plan  
Defined Benefit Plan Disclosure [Line Items]  
2026 $ 2,482
2027 2,478
2028 2,433
2029 2,395
2030 2,358
2031-2035 11,082
Other Postretirement Benefit Plan  
Defined Benefit Plan Disclosure [Line Items]  
2026 11
2027 11
2028 10
2029 10
2030 9
2031-2035 31
Executive Supplemental Pension Plan  
Defined Benefit Plan Disclosure [Line Items]  
2026 106
2027 100
2028 94
2029 88
2030 82
2031-2035 $ 328
v3.25.4
STOCK COMPENSATION - Narrative (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Restricted Stock    
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]    
Total unrecognized compensation cost related to nonvested shares granted under the plan $ 1.9  
Weighted-average period for recognition (in years) 2 years 6 months 14 days  
Total fair value of shares vested $ 1.5 $ 1.4
2021 Equity Incentive Plan    
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]    
Number of shares authorized (in shares) 160,000  
Expense related to stock compensation recognized $ 1.4 $ 1.2
Number of treasury shares reissued to fund stock compensation (in shares) 35,455 14,396
v3.25.4
STOCK COMPENSATION - Schedule of Restricted Stock Activity For Officers And Employees (Details) - Restricted Stock
12 Months Ended
Dec. 31, 2025
$ / shares
shares
Shares  
Nonvested, beginning of period (in shares) | shares 49,703
Granted (in shares) | shares 35,455
Vested (in shares) | shares (27,828)
Forfeited or cancelled (in shares) | shares (2,130)
Nonvested, end of period (in shares) | shares 55,200
Weighted–Average Grant Date Fair Value  
Nonvested, beginning of period (in dollars per share) | $ / shares $ 46.67
Granted (in dollars per share) | $ / shares 50.45
Vested (in dollars per share) | $ / shares 46.81
Forfeitures or cancelled (in dollars per share) | $ / shares 47.97
Nonvested, end of period (in dollars per share) | $ / shares $ 48.97
v3.25.4
RELATED PARTY TRANSACTIONS - Narrative (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Related Party Transactions [Line Items]    
Deposit liabilities $ 37,900 $ 43,100
Interest 47,308 53,018
Rent expense 1,000 1,000
Fee income 120,376 112,128
2 Rush Street, Schenectady, New York    
Related Party Transactions [Line Items]    
Monthly rent expense 9 9
Related Party | Subordinated Notes    
Related Party Transactions [Line Items]    
Subordinated notes issued 3,500  
Interest 139  
Interest expense 151  
Director | 2 Rush Street, Schenectady, New York    
Related Party Transactions [Line Items]    
Rent expense 110 $ 110
Management | Wealth management group fee income | Operating Segments | Trust Services    
Related Party Transactions [Line Items]    
Fee income $ 300  
Minimum    
Related Party Transactions [Line Items]    
Related party principal ownership threshold (percent) 10.00%  
v3.25.4
RELATED PARTY TRANSACTIONS - Schedule of Related Party Loans (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Loans to Related Parties [Roll Forward]    
Balance at beginning of year $ 2,050,031  
Balance at end of year 2,245,352 $ 2,050,031
Related Party    
Loans to Related Parties [Roll Forward]    
Balance at beginning of year 25,413 26,058
New loans or additional advances 726 175
Effect of changes in composition of related parties (31) 0
Repayments (604) (820)
Effect of change in participation 3,114 0
Balance at end of year $ 28,618 $ 25,413
v3.25.4
COMMITMENTS AND CONTINGENCIES - Schedule of Off-Balance Sheet Risk (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Fixed Rate | Commitments to make loans    
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]    
Contractual amounts of financial instruments with off-balance sheet risk $ 12,410 $ 12,025
Fixed Rate | Unused lines of credit    
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]    
Contractual amounts of financial instruments with off-balance sheet risk 5,183 4,484
Fixed Rate | Standby letters of credit    
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]    
Contractual amounts of financial instruments with off-balance sheet risk 0 0
Variable Rate | Commitments to make loans    
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]    
Contractual amounts of financial instruments with off-balance sheet risk 63,654 67,501
Variable Rate | Unused lines of credit    
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]    
Contractual amounts of financial instruments with off-balance sheet risk 404,939 355,872
Variable Rate | Standby letters of credit    
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]    
Contractual amounts of financial instruments with off-balance sheet risk $ 18,952 $ 19,180
v3.25.4
COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]      
Allowance for credit losses on unfunded commitments $ 24,209 $ 21,388 $ 22,517
Contingent obligations 19,000    
Provision (credit) for credit losses on unfunded commitments      
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]      
Allowance for credit losses on unfunded commitments $ 586 $ 842 $ 919
Minimum | Fixed Rate      
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]      
Interest rate on fixed-rate commitments to make loans 5.88%    
Maturity period of fixed-rate commitments to make loans (years) 15 years    
Commitments period to make fixed-rate commercial draw notes (months) 3 months    
Interest rate on fixed-rate commitments to make commercial draw notes (in hundredths) 3.25%    
Maximum      
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]      
Commitments period to make real estate and home equity loans (days) 60 days    
Off-balance sheet financial instruments, standard term 12 months    
Maximum | Fixed Rate      
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]      
Interest rate on fixed-rate commitments to make loans 7.38%    
Maturity period of fixed-rate commitments to make loans (years) 30 years    
Commitments period to make fixed-rate commercial draw notes (months) 24 months    
Interest rate on fixed-rate commitments to make commercial draw notes (in hundredths) 7.88%    
v3.25.4
PARENT COMPANY FINANCIAL INFORMATION - Schedule of BALANCE SHEETS (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Assets:      
Cash and cash equivalents $ 22,772 $ 26,224  
Total assets 2,710,235 2,776,147  
Liabilities and shareholders' equity:      
Subordinated debt, net 44,028 0  
Total liabilities 2,455,526 2,560,838  
Shareholders' equity:      
Total shareholders' equity 254,709 215,309 $ 195,241
Total liabilities and shareholders' equity 2,710,235 2,776,147  
Parent Company      
Assets:      
Cash and cash equivalents 6,826 2,252  
Equity investments, at fair value 189 180  
Other assets 2,793 1,977  
Total assets 298,931 215,568  
Liabilities and shareholders' equity:      
Other liabilities 194 259  
Total liabilities 44,222 259  
Shareholders' equity:      
Total shareholders' equity 254,709 215,309  
Total liabilities and shareholders' equity 298,931 215,568  
Parent Company | Chemung Canal Trust Company      
Assets:      
Investment in subsidiary 287,571 209,709  
Parent Company | CFS Group Inc.      
Assets:      
Investment in subsidiary $ 1,552 $ 1,450  
v3.25.4
PARENT COMPANY FINANCIAL INFORMATION - Schedule of STATEMENTS OF INCOME (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
STATEMENTS OF INCOME [Abstract]    
Interest expense $ 45,678 $ 53,505
Income before income tax expense 19,936 30,085
Income tax benefit 4,832 6,414
Net income 15,104 23,671
Parent Company    
STATEMENTS OF INCOME [Abstract]    
Dividends from subsidiary bank and non-bank 6,325 1,475
Interest and dividend income 8 35
Interest expense 2,003 0
Non-interest income 9 (24)
Non-interest expense 377 296
Income before impact of subsidiaries' undistributed earnings 3,962 1,190
Income before income tax expense 14,445 23,566
Income tax benefit (659) (105)
Net income 15,104 23,671
Parent Company | Chemung Canal Trust Company    
STATEMENTS OF INCOME [Abstract]    
Income (loss) from equity method investments 10,381 22,344
Parent Company | CFS Group Inc.    
STATEMENTS OF INCOME [Abstract]    
Income (loss) from equity method investments $ 102 $ 32
v3.25.4
PARENT COMPANY FINANCIAL INFORMATION - Schedule of STATEMENTS OF CASH FLOWS (Details) - USD ($)
$ in Thousands
12 Months Ended
Jun. 10, 2025
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:      
Net Income   $ 15,104 $ 23,671
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of deferred costs on subordinated debt   56 0
Change in other assets   4,533 (2,167)
Change in other liabilities   4,143 2,119
Net change in fair value of equity investments   (211) (179)
Net cash provided by operating activities   45,499 29,815
Cash flow from investing activities:      
Net cash (used in) provided by investing activities   68,320 (57,723)
Cash flow from financing activities:      
Cash dividends paid   (6,325) (7,365)
Proceeds from subordinated debt issuance, net $ 44,000 45,000 0
Payment of subordinated debt issuance costs   (1,028) 0
Purchase of treasury stock   (396) (344)
Sale of treasury stock   536 430
Net cash (used in) provided by financing activities   (110,757) 38,096
Net increase (decrease) in cash and cash equivalents   3,062 10,188
Cash and cash equivalents at beginning of year   47,035  
Cash and cash equivalents at end of year   50,097 47,035
Parent Company      
Cash flows from operating activities:      
Net Income   15,104 23,671
Adjustments to reconcile net income to net cash provided by operating activities:      
Change in dividend receivable   0 1,469
Amortization of deferred costs on subordinated debt   56 0
Change in other assets   (816) (127)
Change in other liabilities   (65) 235
Net change in fair value of equity investments   (9) 24
Net cash provided by operating activities   3,787 2,896
Cash flow from investing activities:      
Downstream of subordinated debt   (37,000) 0
Net cash (used in) provided by investing activities   (37,000) 0
Cash flow from financing activities:      
Cash dividends paid   (6,325) (7,365)
Proceeds from subordinated debt issuance, net   45,000 0
Payment of subordinated debt issuance costs   (1,028) 0
Purchase of treasury stock   (396) (344)
Sale of treasury stock   536 430
Net cash (used in) provided by financing activities   37,787 (7,279)
Net increase (decrease) in cash and cash equivalents   4,574 (4,383)
Cash and cash equivalents at beginning of year   2,252 6,635
Cash and cash equivalents at end of year   6,826 2,252
Parent Company | Chemung Canal Trust Company      
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in undistributed earnings   (10,381) (22,344)
Parent Company | CFS Group Inc.      
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in undistributed earnings   $ (102) $ (32)
v3.25.4
FAIR VALUES - Schedule of Assets and Liabilities Measured at Fair Value (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Financial Assets:    
Derivative assets $ 17,280 $ 23,829
Financial Liabilities:    
Derivative liabilities 17,412 23,851
Recurring    
Financial Assets:    
U.S. treasury notes and bonds   56,906
Mortgage-backed securities, residential 250,375 365,934
Collateralized mortgage obligations 2,931  
Obligations of states and political subdivisions 10,310 35,505
Corporate bonds and notes 16,982 22,016
SBA loan pools   51,081
Total 280,598 531,442
Equity Investments 3,288 2,759
Derivative assets 17,280 23,829
Financial Liabilities:    
Derivative liabilities 17,412 23,851
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring    
Financial Assets:    
U.S. treasury notes and bonds   56,906
Mortgage-backed securities, residential 0 0
Collateralized mortgage obligations 0  
Obligations of states and political subdivisions 0 0
Corporate bonds and notes 0 0
SBA loan pools   0
Total 0 56,906
Equity Investments 3,288 2,759
Derivative assets 0 0
Financial Liabilities:    
Derivative liabilities 0 0
Significant Other Observable Inputs (Level 2) | Recurring    
Financial Assets:    
U.S. treasury notes and bonds   0
Mortgage-backed securities, residential 250,375 365,934
Collateralized mortgage obligations 2,931  
Obligations of states and political subdivisions 10,310 35,505
Corporate bonds and notes 12,620 9,884
SBA loan pools   51,081
Total 276,236 462,404
Equity Investments 0 0
Derivative assets 17,280 23,829
Financial Liabilities:    
Derivative liabilities 17,412 23,851
Significant Unobservable Inputs (Level 3) | Recurring    
Financial Assets:    
U.S. treasury notes and bonds   0
Mortgage-backed securities, residential 0 0
Collateralized mortgage obligations 0  
Obligations of states and political subdivisions 0 0
Corporate bonds and notes 4,362 12,132
SBA loan pools   0
Total 4,362 12,132
Equity Investments 0 0
Derivative assets 0 0
Financial Liabilities:    
Derivative liabilities $ 0 $ 0
v3.25.4
FAIR VALUE - Narrative (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Jun. 30, 2025
investment
Dec. 31, 2025
USD ($)
investment
Dec. 31, 2024
USD ($)
investment
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Number of corporate bonds transferred out of Level 2 into Level 3 | investment   7 6
Number of corporate bonds transferred out of Level 3 into Level 2 | investment   13 1
Number of corporate bonds transferred out of Level 2 into Level 3 | investment 7    
Fair value of other real estate owned, valuation allowance     $ 32
Corporate Bonds      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Transfers into Level 3   $ 9,629 5,931
Transfers out of Level 3   $ 16,030 1,749
Significant Unobservable Inputs (Level 3) | Corporate Bonds      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Transfers into Level 3     5,900
Transfers out of Level 3     $ (1,900)
v3.25.4
FAIR VALUES - Schedule of Unobservable Input Reconciliation (Details) - Corporate Bonds - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning balance $ 12,132 $ 7,530
Included in other comprehensive income $ 1,631 $ 420
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] Unrealized holding gains (losses) on securities available for sale Unrealized holding gains (losses) on securities available for sale
Repayments, calls, and maturities $ (3,000) $ 0
Transfers into Level 3 9,629 5,931
Transfers out of Level 3 (16,030) (1,749)
Ending balance $ 4,362 $ 12,132
v3.25.4
FAIR VALUES - Schedule of Quantitative Information (Details) - Corporate bonds and notes - Significant Unobservable Inputs (Level 3)
$ in Thousands
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair Value $ 4,362 $ 12,132
Discounted cash flow | Market discount rate | Minimum    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Financial asset, measurement input 0.1000 0.0725
Discounted cash flow | Market discount rate | Maximum    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Financial asset, measurement input 0.1000 0.1200
Discounted cash flow | Market discount rate | Weighted Average    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Financial asset, measurement input 0.1000 0.1082
v3.25.4
FAIR VALUES - Schedule of Nonreccurring (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans individually analyzed $ 4,187 $ 6,471
Commercial Mortgages    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans individually analyzed 3,167 4,959
Residential Mortgages    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans individually analyzed 0 0
Consumer Loans    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans individually analyzed 327 0
Non-recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans individually analyzed 945 884
Non-recurring | Commercial Mortgages | Non-owner occupied commercial real estate    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans individually analyzed 945 873
Non-recurring | Commercial and industrial    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans individually analyzed   11
Non-recurring | Other real estate owned:    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total other real estate owned, net   411
Non-recurring | Other real estate owned: | Residential Mortgages    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total other real estate owned, net   126
Non-recurring | Other real estate owned: | Consumer Loans | Home equity lines and loans    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total other real estate owned, net   285
Non-recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans individually analyzed 0 0
Non-recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Commercial Mortgages | Non-owner occupied commercial real estate    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans individually analyzed 0 0
Non-recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Commercial and industrial    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans individually analyzed   0
Non-recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other real estate owned:    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total other real estate owned, net   0
Non-recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other real estate owned: | Residential Mortgages    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total other real estate owned, net   0
Non-recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Other real estate owned: | Consumer Loans | Home equity lines and loans    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total other real estate owned, net   0
Non-recurring | Significant Other Observable Inputs (Level 2)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans individually analyzed 0 0
Non-recurring | Significant Other Observable Inputs (Level 2) | Commercial Mortgages | Non-owner occupied commercial real estate    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans individually analyzed 0 0
Non-recurring | Significant Other Observable Inputs (Level 2) | Commercial and industrial    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans individually analyzed   0
Non-recurring | Significant Other Observable Inputs (Level 2) | Other real estate owned:    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total other real estate owned, net   0
Non-recurring | Significant Other Observable Inputs (Level 2) | Other real estate owned: | Residential Mortgages    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total other real estate owned, net   0
Non-recurring | Significant Other Observable Inputs (Level 2) | Other real estate owned: | Consumer Loans | Home equity lines and loans    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total other real estate owned, net   0
Non-recurring | Significant Unobservable Inputs (Level 3)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans individually analyzed 945 884
Non-recurring | Significant Unobservable Inputs (Level 3) | Commercial Mortgages | Non-owner occupied commercial real estate    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans individually analyzed $ 945 873
Non-recurring | Significant Unobservable Inputs (Level 3) | Commercial and industrial    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans individually analyzed   11
Non-recurring | Significant Unobservable Inputs (Level 3) | Other real estate owned:    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total other real estate owned, net   411
Non-recurring | Significant Unobservable Inputs (Level 3) | Other real estate owned: | Residential Mortgages    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total other real estate owned, net   126
Non-recurring | Significant Unobservable Inputs (Level 3) | Other real estate owned: | Consumer Loans | Home equity lines and loans    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total other real estate owned, net   $ 285
v3.25.4
FAIR VALUES - Schedule of Level 3 Non-Recurring Fair Value Measurement (Details) - Non-recurring - Significant Unobservable Inputs (Level 3) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Assets, fair value disclosure $ 945 $ 884
Non-owner occupied commercial real estate | Income approach    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Assets, fair value disclosure $ 945 $ 873
Non-owner occupied commercial real estate | Income approach | Minimum | Adjustment to appraised value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value inputs, discount to appraised value 10.00% 16.86%
Non-owner occupied commercial real estate | Income approach | Maximum | Adjustment to appraised value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value inputs, discount to appraised value 10.00% 16.86%
Non-owner occupied commercial real estate | Income approach | Weighted Average | Adjustment to appraised value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value inputs, discount to appraised value 10.00% 16.86%
Commercial and industrial    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Assets, fair value disclosure   $ 11
Commercial and industrial | Discounted cash flow | Minimum | Discount rate    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value inputs, discount to appraised value   41.29%
Commercial and industrial | Discounted cash flow | Maximum | Discount rate    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value inputs, discount to appraised value   41.29%
Commercial and industrial | Discounted cash flow | Weighted Average | Discount rate    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value inputs, discount to appraised value   41.29%
Other real estate owned:    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Assets, fair value disclosure   $ 411
Other real estate owned: | Residential mortgages | Sales comparison    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Assets, fair value disclosure   $ 126
Other real estate owned: | Residential mortgages | Sales comparison | Minimum | Adjustment to appraised value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value inputs, discount to appraised value   20.80%
Other real estate owned: | Residential mortgages | Sales comparison | Maximum | Adjustment to appraised value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value inputs, discount to appraised value   20.80%
Other real estate owned: | Residential mortgages | Sales comparison | Weighted Average | Adjustment to appraised value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value inputs, discount to appraised value   20.80%
Other real estate owned: | Home equity lines and loans | Sales comparison    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Assets, fair value disclosure   $ 285
Other real estate owned: | Home equity lines and loans | Sales comparison | Minimum | Adjustment to appraised value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value inputs, discount to appraised value   20.80%
Other real estate owned: | Home equity lines and loans | Sales comparison | Maximum | Adjustment to appraised value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value inputs, discount to appraised value   20.80%
Other real estate owned: | Home equity lines and loans | Sales comparison | Weighted Average | Adjustment to appraised value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Fair value inputs, discount to appraised value   20.80%
v3.25.4
FAIR VALUES - Schedule of Carrying Amounts and Estimated Fair Values of Other Financial Instruments (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Financial assets:    
Cash and due from financial institutions $ 22,772 $ 26,224
Interest-bearing deposits in other financial institutions 27,325 20,811
Derivative assets 17,280 23,829
Deposits:    
Time deposits 463,616  
FHLBNY overnight advances 87,110 109,110
Subordinated debt, net 44,028 0
Derivative liabilities 17,412 23,851
Recurring    
Financial assets:    
Securities available for sale 280,598 531,442
Derivative assets 17,280 23,829
Deposits:    
Derivative liabilities 17,412 23,851
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Financial assets:    
Cash and due from financial institutions 22,772 26,224
Interest-bearing deposits in other financial institutions 27,325 20,811
Equity investments 3,765 3,235
Securities available for sale 0 56,906
Securities held to maturity 0 0
FHLBNY and FRBNY stock 0 0
Loans, net and loans held for sale 0 0
Derivative assets 0 0
Deposits:    
Demand, savings, and insured money market deposits 1,807,058 1,772,971
Time deposits 0 0
FHLBNY overnight advances 0 0
Subordinated debt, net 0  
Derivative liabilities 0 0
Recurring | Significant Other Observable Inputs (Level 2)    
Financial assets:    
Cash and due from financial institutions 0 0
Interest-bearing deposits in other financial institutions 0 0
Equity investments 0 0
Securities available for sale 276,236 462,404
Securities held to maturity 0 0
FHLBNY and FRBNY stock 0 0
Loans, net and loans held for sale 0 0
Derivative assets 17,280 23,829
Deposits:    
Demand, savings, and insured money market deposits 0 0
Time deposits 464,144 622,920
FHLBNY overnight advances 87,126 109,083
Subordinated debt, net 46,350  
Derivative liabilities 17,412 23,851
Recurring | Significant Unobservable Inputs (Level 3)    
Financial assets:    
Cash and due from financial institutions 0 0
Interest-bearing deposits in other financial institutions 0 0
Equity investments 0 0
Securities available for sale 4,362 12,132
Securities held to maturity 640 808
FHLBNY and FRBNY stock 0 0
Loans, net and loans held for sale 2,209,059 1,981,851
Derivative assets 0 0
Deposits:    
Demand, savings, and insured money market deposits 0 0
Time deposits 0 0
FHLBNY overnight advances 0 0
Subordinated debt, net 0  
Derivative liabilities 0 0
Recurring | Carrying Value    
Financial assets:    
Cash and due from financial institutions 22,772 26,224
Interest-bearing deposits in other financial institutions 27,325 20,811
Equity investments 3,765 3,235
Securities available for sale 280,598 531,442
Securities held to maturity 640 808
FHLBNY and FRBNY stock 9,466 9,117
Loans, net and loans held for sale 2,271,663 2,071,419
Derivative assets 17,280 23,829
Deposits:    
Demand, savings, and insured money market deposits 1,807,058 1,772,971
Time deposits 463,616 623,912
FHLBNY overnight advances 87,110 109,110
Subordinated debt, net 44,028  
Derivative liabilities 17,412 23,851
Recurring | Estimated Fair Value    
Financial assets:    
Cash and due from financial institutions 22,772 26,224
Interest-bearing deposits in other financial institutions 27,325 20,811
Equity investments 3,765 3,235
Securities available for sale 280,598 531,442
Securities held to maturity 640 808
Loans, net and loans held for sale 2,209,059 1,981,851
Derivative assets 17,280 23,829
Deposits:    
Demand, savings, and insured money market deposits 1,807,058 1,772,971
Time deposits 464,144 622,920
FHLBNY overnight advances 87,126 109,083
Subordinated debt, net 46,350  
Derivative liabilities $ 17,412 $ 23,851
v3.25.4
REGULATORY CAPITAL REQUIREMENTS - Narrative (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2026
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]    
Net profits period for accessing dividends declarable 2 years  
Forecast    
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]    
Declarable dividends without prior approval for next fiscal year   $ 51.0
v3.25.4
REGULATORY CAPITAL REQUIREMENTS - Schedule of Actual Capital Amounts and Ratios of Corporation and Bank (Details)
$ in Thousands
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Total Capital (to Risk Weighted Assets):    
Actual $ 337,760 $ 280,778
Tier 1 Capital (to Risk Weighted Assets):    
Actual 268,938 258,550
Common Equity Tier 1 Capital (to Risk Weighted Assets):    
Actual 268,938 258,550
Tier 1 Capital (to Average Assets):    
Actual $ 268,938 $ 258,550
Risk Based Ratios [Abstract]    
Capital to Risk Weighted Assets 0.1530 0.1335
Tier One Risk Based Capital to Risk Weighted Assets 0.1218 0.1230
Common Equity Tier 1 Capital to Risk Weighted Assets 12.18% 12.30%
Leverage Ratios [Abstract]    
Tier One Leverage Capital to Average Assets 0.0989 0.0918
Bank    
Total Capital (to Risk Weighted Assets):    
Actual $ 326,594 $ 275,179
Minimal Capital Adequacy 176,571 168,137
Minimal Capital Adequacy with Capital Buffer 231,749 220,680
To Be Well Capitalized Under Prompt Corrective Action Provisions 220,714 210,172
Tier 1 Capital (to Risk Weighted Assets):    
Actual 301,800 252,950
Minimal Capital Adequacy 132,428 126,103
Minimal Capital Adequacy with Capital Buffer 187,607 178,646
To Be Well Capitalized Under Prompt Corrective Action Provisions 176,571 168,137
Common Equity Tier 1 Capital (to Risk Weighted Assets):    
Actual 301,800 252,950
Minimal Capital Adequacy 99,321 94,577
Minimal Capital Adequacy with Capital Buffer 154,500 147,120
To Be Well Capitalized Under Prompt Corrective Action Provisions 143,464 136,612
Tier 1 Capital (to Average Assets):    
Actual 301,800 252,950
Minimal Capital Adequacy 108,744 112,639
To Be Well Capitalized Under Prompt Corrective Action Provisions $ 135,930 $ 140,799
Risk Based Ratios [Abstract]    
Capital to Risk Weighted Assets 0.1480 0.1309
Capital Required To Be Adequately Capitalized to Risk Weighted Assets 0.0800 0.0800
Capital Required for Capital Adequacy with Capital Buffer to Risk Weighted Assets 10.50% 10.50%
Capital Required To Be Well Capitalized to Risk Weighted Assets 0.1000 0.1000
Tier One Risk Based Capital to Risk Weighted Assets 0.1367 0.1204
Tier One Risk Based Capital Required To Be Adequately Capitalized to Risk Weighted Assets 0.0600 0.0600
Tier One Risk Based Capital Required for Capital Adequacy With Capital Buffer to Risk Weighted Assets 8.50% 8.50%
Tier One Risk Based Capital Required To Be Well Capitalized to Risk Weighted Assets 0.0800 0.0800
Common Equity Tier 1 Capital to Risk Weighted Assets 13.67% 12.04%
Common Equity Tier 1 Capital Required to be Adequately Capitalized to Risk Weighted Assets 4.50% 4.50%
Common Equity Tier One Risk Based Capital Requirement for Capital Adequacy with Capital Buffer to Risk Weighted Assets 7.00% 7.00%
Common Equity Tier 1 Capital Required to be Well Capitalized to Risk Weighted Assets 6.50% 6.50%
Leverage Ratios [Abstract]    
Tier One Leverage Capital to Average Assets 0.1110 0.0898
Tier One Leverage Capital Required To Be Adequately Capitalized to Average Assets 0.0400 0.0400
Tier One Leverage Capital Required To Be Well Capitalized to Average Assets 0.0500 0.0500
v3.25.4
ACCUMULATED OTHER COMPREHENSIVE INCOME OR LOSS - Schedule of Changes in Accumulated Other Comprehensive Income or Loss by Component (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Summary of changes in accumulated other comprehensive income or loss by component, net of tax [Roll Forward]    
Beginning balance $ 215,309 $ 195,241
Other comprehensive income (loss) before reclassification 42,227 926
Amounts reclassified from accumulated other comprehensive income (loss) (13,215) 22
Total other comprehensive income 29,012 948
Ending balance 254,709 215,309
Total    
Summary of changes in accumulated other comprehensive income or loss by component, net of tax [Roll Forward]    
Beginning balance (65,065) (66,013)
Total other comprehensive income 29,012 948
Ending balance (36,053) (65,065)
Unrealized Gains and Losses on Securities Available for Sale    
Summary of changes in accumulated other comprehensive income or loss by component, net of tax [Roll Forward]    
Beginning balance (63,339) (62,800)
Other comprehensive income (loss) before reclassification 41,773 (539)
Amounts reclassified from accumulated other comprehensive income (loss) (13,237) 0
Total other comprehensive income 28,536 (539)
Ending balance (34,803) (63,339)
Defined Benefit and Other Benefit Plans    
Summary of changes in accumulated other comprehensive income or loss by component, net of tax [Roll Forward]    
Beginning balance (1,726) (3,213)
Other comprehensive income (loss) before reclassification 454 1,465
Amounts reclassified from accumulated other comprehensive income (loss) 22 22
Total other comprehensive income 476 1,487
Ending balance $ (1,250) $ (1,726)
v3.25.4
ACCUMULATED OTHER COMPREHENSIVE INCOME OR LOSS - Schedule of Reclassification Out of Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Realized gains (losses) on securities available for sale $ (17,498) $ 0
Tax effect (4,832) (6,414)
Net income 15,104 23,671
Reclassification out of Accumulated Other Comprehensive Income (loss)    
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Net income (13,215) 22
Unrealized Gains and Losses on Securities Available for Sale | Reclassification out of Accumulated Other Comprehensive Income (loss)    
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Realized gains (losses) on securities available for sale (17,498) 0
Tax effect 4,261 0
Accumulated Other Comprehensive (Loss) | Reclassification out of Accumulated Other Comprehensive Income (loss)    
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Net income (13,237) 0
Actuarial losses | Reclassification out of Accumulated Other Comprehensive Income (loss)    
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Pension and other employee benefits 30 30
Defined Benefit and Other Benefit Plans | Reclassification out of Accumulated Other Comprehensive Income (loss)    
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Tax effect (8) (8)
Net income $ 22 $ 22
v3.25.4
SEGMENT REPORTING - Narrative (Details)
12 Months Ended
Dec. 31, 2025
segment
Segment Reporting [Abstract]  
Number of primary business segments 2
Number of reportable segments 2
v3.25.4
SEGMENT REPORTING - Schedule of Reconciliation of Segment Net Income Loss and Assets (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Reportable segments and reconciliation to consolidated results [Abstract]    
Interest and dividend income $ 132,835 $ 127,564
Interest expense 45,678 53,505
Net interest income 87,157 74,059
Provision for credit losses 4,437 (46)
Net interest income after provision for credit losses 82,720 74,105
Non-interest income 7,945 23,230
Compensation expense 39,004 35,631
Net occupancy expense 5,812 5,832
Furniture and equipment expense 1,702 1,659
Data processing & software expense 10,048 10,093
Other non-interest expense 14,163 14,035
Total non-interest expense 70,729 67,250
Income before income tax expense 19,936 30,085
Income tax expense (benefit) 4,832 6,414
Net Income 15,104 23,671
Total assets 2,710,235 2,776,147
Capital expenditures 1,687 3,626
Depreciation expense 1,895 1,814
Operating Segments | Core Banking    
Reportable segments and reconciliation to consolidated results [Abstract]    
Interest and dividend income 132,833 127,534
Interest expense 43,683 53,511
Net interest income 89,150 74,023
Provision for credit losses 4,437 (46)
Net interest income after provision for credit losses 84,713 74,069
Non-interest income (5,171) 10,633
Compensation expense 31,949 29,131
Net occupancy expense 5,560 5,583
Furniture and equipment expense 1,601 1,542
Data processing & software expense 8,786 8,954
Other non-interest expense 13,164 13,080
Total non-interest expense 61,060 58,290
Income before income tax expense 18,482 26,412
Income tax expense (benefit) 4,634 5,651
Net Income 13,848 20,761
Total assets 2,677,610 2,746,344
Capital expenditures 1,392 3,626
Depreciation expense 1,837 1,797
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 credit losses 0 0
Net interest income after provision for credit losses 0 0
Non-interest income 11,945 11,573
Compensation expense 6,124 5,672
Net occupancy expense 252 249
Furniture and equipment expense 76 94
Data processing & software expense 1,238 1,120
Other non-interest expense 577 546
Total non-interest expense 8,267 7,681
Income before income tax expense 3,678 3,892
Income tax expense (benefit) 820 833
Net Income 2,858 3,059
Total assets 2,933 2,882
Capital expenditures 295 0
Depreciation expense 58 17
Holding Company and CFS    
Reportable segments and reconciliation to consolidated results [Abstract]    
Interest and dividend income 10 36
Interest expense 2,003 0
Net interest income (1,993) 36
Provision for credit losses 0 0
Net interest income after provision for credit losses (1,993) 36
Non-interest income 1,185 1,030
Compensation expense 931 828
Net occupancy expense 14 6
Furniture and equipment expense 25 23
Data processing & software expense 24 19
Other non-interest expense 422 409
Total non-interest expense 1,416 1,285
Income before income tax expense (2,224) (219)
Income tax expense (benefit) (622) (70)
Net Income (1,602) (149)
Total assets 298,200 215,366
Capital expenditures 0 0
Depreciation expense 0 0
Inter-Segment Eliminations    
Reportable segments and reconciliation to consolidated results [Abstract]    
Interest and dividend income (8) (6)
Interest expense (8) (6)
Net interest income 0 0
Provision for credit losses 0
Net interest income after provision for credit losses 0 0
Non-interest income (14) (6)
Compensation expense 0 0
Net occupancy expense (14) (6)
Furniture and equipment expense 0 0
Data processing & software expense 0 0
Other non-interest expense 0 0
Total non-interest expense (14) (6)
Income before income tax expense 0 0
Income tax expense (benefit) 0 0
Net Income 0 0
Total assets (268,508) (188,445)
Capital expenditures 0 0
Depreciation expense $ 0 $ 0