CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
| OPERATING ACTIVITIES |
|
|
|
| Net income attributable to Tompkins Financial Corporation |
$ 52,494
|
$ 59,340
|
$ 58,421
|
| Adjustments to reconcile net income, attributable to Tompkins Financial Corporation, to net cash provided by operating activities: |
|
|
|
| Provision for loan and lease losses |
4,161
|
4,321
|
2,945
|
| Depreciation and amortization of premises, equipment, and software |
8,269
|
6,829
|
6,468
|
| Accretion related to purchase accounting |
(2,978)
|
(3,324)
|
(5,453)
|
| Amortization of intangible assets |
1,932
|
2,090
|
2,013
|
| Earnings from corporate owned life insurance, net |
(2,196)
|
(2,106)
|
(2,064)
|
| Net amortization on securities |
10,483
|
11,623
|
11,907
|
| Mark-to-market loss on trading securities |
0
|
182
|
295
|
| Mark-to-market gain loss on liabilities held at fair value |
0
|
(227)
|
(385)
|
| Deferred income tax expense |
14,598
|
1,859
|
2,904
|
| Net loss (gain) on sale of securities transactions |
407
|
(926)
|
(1,108)
|
| Net gain on sale of loans |
(50)
|
(95)
|
(54)
|
| Proceeds from sale of loans |
4,601
|
4,001
|
3,282
|
| Loans originated for sale |
(4,831)
|
(3,360)
|
(3,774)
|
| Gain on pension plan curtailment |
0
|
0
|
(6,003)
|
| Net (gain) loss on sale of bank premises and equipment |
(30)
|
7
|
11
|
| Net excess tax benefit from stock based compensation |
1,635
|
1,433
|
358
|
| Stock-based compensation expense |
2,956
|
2,270
|
1,903
|
| (Increase) decrease in interest receivable |
(2,731)
|
(957)
|
85
|
| Increase (decrease) in accrued interest payable |
152
|
(71)
|
105
|
| Proceeds from maturities, calls and principal paydowns of trading securities |
0
|
5,781
|
1,315
|
| Proceeds from sales of trading securities |
0
|
1,397
|
0
|
| Contribution to pension plan |
(1,750)
|
(1,300)
|
0
|
| Other, net |
(1,057)
|
2,093
|
9,631
|
| Net Cash Provided by Operating Activities |
86,065
|
90,860
|
82,802
|
| INVESTING ACTIVITIES |
|
|
|
| Proceeds from maturities, calls and principal paydowns of available-for-sale securities |
166,625
|
244,456
|
249,800
|
| Proceeds from sales of available-for-sale securities |
64,106
|
97,296
|
137,594
|
| Proceeds from maturities, calls and principal paydowns of held-to-maturity securities |
8,068
|
11,776
|
11,709
|
| Purchases of available-for-sale securities |
(208,502)
|
(404,528)
|
(391,116)
|
| Purchases of held-to-maturity securities |
(5,556)
|
(8,207)
|
(69,947)
|
| Net increase in loans and leases |
(411,770)
|
(485,067)
|
(375,205)
|
| Net increase in Federal Home Loan Bank and Federal Reserve Bank Stock |
(7,365)
|
(13,164)
|
(8,710)
|
| Proceeds from sale of bank premises and equipment |
157
|
100
|
87
|
| Purchases of bank premises, equipment and software |
(35,290)
|
(16,274)
|
(6,343)
|
| Other, net |
2,576
|
119
|
(789)
|
| Net Cash Used in Investing Activities |
(426,951)
|
(573,493)
|
(452,920)
|
| FINANCING ACTIVITIES |
|
|
|
| Net increase in demand, money market, and savings deposits |
335,207
|
214,178
|
269,100
|
| Net (decrease) increase in time deposits |
(121,459)
|
16,946
|
(41,440)
|
| Net increase (decrease) in securities sold under agreements to repurchase and Federal funds purchased |
6,115
|
(67,279)
|
(9,400)
|
| Increase in other borrowings |
750,918
|
761,001
|
452,759
|
| Redemption of trust preferred debentures |
(21,161)
|
0
|
0
|
| Repayment of other borrowings |
(563,991)
|
(412,245)
|
(272,630)
|
| Net shares issued related to restricted stock awards |
(1,294)
|
(835)
|
(195)
|
| Cash dividends |
(27,627)
|
(26,603)
|
(25,411)
|
| Repurchase of common stock |
0
|
(1,166)
|
(3,505)
|
| Shares issued for dividend reinvestment plan |
2,872
|
3,201
|
0
|
| Shares issued for employee stock ownership plan |
2,296
|
1,938
|
1,595
|
| Common stock issued |
0
|
0
|
50
|
| Net proceeds from exercise of stock options |
(641)
|
(806)
|
1,382
|
| Net Cash Provided by Financing Activities |
361,235
|
488,330
|
372,305
|
| Net Increase in Cash and Cash Equivalents |
20,349
|
5,697
|
2,187
|
| Cash and cash equivalents at beginning of year |
63,954
|
58,257
|
56,070
|
| Total Cash & Cash Equivalents at End of Year |
84,303
|
63,954
|
58,257
|
| Supplemental Cash Flow Information |
|
|
|
| Cash paid during the year for - Interest |
26,387
|
23,465
|
21,768
|
| Cash paid, net of refunds, during the year for - Income taxes |
31,011
|
24,665
|
22,672
|
| Non-cash investing and financing activities: |
|
|
|
| Transfer of loans to other real estate owned |
$ 2,886
|
$ 1,179
|
$ 1,276
|