Segment and Related Information (Tables)
 12 Months Ended
Dec. 31, 2013
Segment And Related Information Tables  
Schedule of segment and related information

Summarized financial information concerning the Company’s reportable segments and the reconciliation to the Company’s consolidated results is shown in the following table. Investment in subsidiaries is netted out of the presentations below. The “Intercompany” column identifies the intercompany activities of revenues, expenses and other assets between the banking and financial services segments. The Company accounts for intercompany fees and services at an estimated fair value according to regulatory requirements for the services provided. Intercompany items relate primarily to the use of human resources, information systems, accounting and marketing services provided by any of the banks and the holding company. All other accounting policies are the same as those described in Note 1 “Summary of significant accounting policies” in this report.

 

 As of and for the year ended December 31, 2013
(in thousands)   Banking     Insurance     Wealth Management     Intercompany     Consolidated  
Interest income   $ 184,914     $ 8     $ 189     $ (7 )   $ 185,104  
Interest expense     23,982       0       0       (7 )     23,975  
Net interest income     160,932       8       189       0       161,129  
Provision for loan and lease losses     6,161       0       0       0       6,161  
Noninterest income     27,870       27,660       15,889       (1,521 )     69,898  
Noninterest expense1     119,926       22,431       12,266       (1,521 )     153,102  
Income before income tax expense     62,715       5,237       3,812       0       71,764  
Income tax expense     17,434       2,057       1,286       0       20,777  
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation     45,281       3,180       2,526       0       50,987  
Less: Net income attributable to noncontrolling interests     131       0       0       0       131  
Net Income attributable to Tompkins Financial Corporation   $ 45,150     $ 3,180     $ 2,526     $ 0     $ 50,856  
                                         
Depreciation and amortization   $ 5,360     $ 210     $ 135     $ 0     $ 5,706  
Assets     4,965,154       31,639       12,730       (6,484 )     5,003,039  
Goodwill     64,369       19,560       8,211       0       92,140  
Other intangibles, net     10,716       4,988       594       0       16,298  
Net loans and leases     3,166,314       0       0       0       3,166,314  
Deposits     3,953,428       0       0       (6,212 )     3,947,216  
Total equity     421,631       25,812       10,496       0       457,939  

 

 As of and for the year ended December 31, 2012
(in thousands)   Banking     Insurance     Wealth Management     Intercompany & Merger     Consolidated  
Interest income   $ 158,111     $ 7     $ 256     $ (18 )   $ 158,356  
Interest expense     24,220       11       0       (18 )     24,213  
Net interest income     133,891       (4 )     256       0       134,143  
Provision for loan and lease losses     8,837       0       0       0       8,837  
Noninterest income     22,368       18,909       15,757       (2,226 )     54,808  
Noninterest expense1     96,686       15,042       12,440       13,440       137,608  
Income before income tax expense     50,736       3,863       3,573       (15,666 )     42,506  
Income tax expense     12,877       1,512       1,190       (4,489 )     11,090  
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation     37,859       2,351       2,383       (11,177 )     31,416  
Less: Net income attributable to noncontrolling interests     131       0       0       0       131  
Net Income attributable to Tompkins Financial Corporation   $ 37,728     $ 2,351     $ 2,383     $ (11,177 )   $ 31,285  
                                         
Depreciation and amortization   $ 4,984     $ 196     $ 145     $ 0     $ 5,326  
Assets     4,799,579       30,772       12,004       (5,158 )     4,837,197  
Goodwill     64,534       19,560       8,211       0       92,305  
Other intangibles, net     12,338       5,638       667       0       18,643  
Net loans and leases     2,929,967       0       0       0       2,929,967  
Deposits     3,955,022       0       0       (4,853 )     3,950,169  
Total equity     407,963       24,183       9,214       0       441,360  

 

1 Merger and acquisition integration related expenses of $15.6 million were deducted from banking segment holding company expenses and reclassified to Intercompany/Merger column to reflect the non-operating costs from VIST Financial acquisition in August 2012 and provide a more accurate representation of segment performance. Income taxes have been adjusted in the banking segment on a weighted average rate.

 

 

 As of and for the year ended December 31, 2011
(in thousands)   Banking     Insurance     Wealth Management     Intercompany & Merger     Consolidated  
Interest income   $ 136,827     $ 11     $ 261     $ (11 )   $ 137,088  
Interest expense     25,692       1       0       (11 )     25,682  
Net interest income     111,135       10       261       0       111,406  
Provision for loan and lease losses     8,945       0       0       0       8,945  
Noninterest income     21,095       12,714       15,482       (1,277 )     48,014  
Noninterest expense1     77,480       10,084       12,265       (1,277 )     98,552  
Income before income tax expense     45,805       2,640       3,478       0       51,923  
Income tax expense     14,171       1,032       1,170       0       16,373  
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation     31,634       1,608       2,308       0       35,550  
Less: Net income attributable to noncontrolling interests     131       0       0       0       131  
Net Income attributable to Tompkins Financial Corporation   $ 31,503     $ 1,608     $ 2,308     $ 0     $ 35,419  
                                         
Depreciation and amortization   $ 4,453     $ 179     $ 126     $ 0     $ 4,758  
Assets     3,373,893       17,950       12,006       (3,601 )     3,400,248  
Goodwill     23,600       12,287       8,011       0       43,898  
Other intangibles, net     2,458       1,138       500       0       4,096  
Net loans and leases     1,954,256       0       0       0       1,954,256  
Deposits     2,663,905       0       0       (3,341 )     2,660,564  
Total equity     276,311       13,659       9,173       0       299,143  
Schedule of quarterly financial information

 

Unaudited Quarterly Financial Data
    2013  
(in thousands)   First     Second     Third     Fourth  
Interest and dividend income   $ 44,457     $ 45,960     $ 46,379     $ 48,308  
Interest expense     6,251       6,134       5,906       5,684  
Net interest income     38,206       39,826       40,473       42,624  
Provision for loan and lease losses     1,038       2,489       2,049       585  
Income before income tax     17,038       16,101       19,398       19,227  
Net income     11,510       11,007       14,049       14,290  
Net income per common share (basic)     0.80       0.76       0.96       0.97  
Net income per common share (diluted)     0.79       0.75       0.95       0.96  

 

Unaudited Quarterly Financial Data
    2012  
(in thousands)   First     Second     Third     Fourth  
Interest and dividend income   $ 33,128     $ 33,541     $ 42,919     $ 48,768  
Interest expense     5,687       5,431       6,176       6,919  
Net interest income     27,441       28,110       36,743       41,849  
Provision for loan and lease losses     1,125       1,011       1,042       5,659  
Income before income tax     11,606       13,010       4,280       13,610  
Net income     7,811       8,826       3,487       11,161  
Net income per common share (basic)     0.70       0.72       0.26       0.78  
Net income per common share (diluted)     0.70       0.72       0.25       0.77