|
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2012
|
Mar. 31, 2011
|
| INTEREST AND DIVIDEND INCOME |
|
|
| Loans |
$ 25,303 |
$ 25,701 |
| Due from banks |
3 |
6 |
| Federal funds sold |
2 |
3 |
| Trading securities |
198 |
235 |
| Available-for-sale securities |
7,176 |
7,687 |
| Held-to-maturity securities |
225 |
365 |
| Federal Home Loan Bank stock and Federal Reserve Bank stock |
221 |
290 |
| Total Interest and Dividend Income |
33,128 |
34,287 |
| INTEREST EXPENSE |
|
|
| Time certificates of deposits of $100,000 or more |
734 |
849 |
| Other deposits |
2,027 |
2,625 |
| Federal funds purchased and securities sold under agreements to repurchase |
1,092 |
1,291 |
| Trust preferred debentures |
405 |
405 |
| Other borrowings |
1,429 |
1,575 |
| Total Interest Expense |
5,687 |
6,745 |
| Net Interest Income |
27,441 |
27,542 |
| Less: Provision for loan and lease losses |
1,125 |
1,910 |
| Net Interest Income After Provision for Loan and Lease Losses |
26,316 |
25,632 |
| NONINTEREST INCOME |
|
|
| Investment services income |
3,397 |
3,841 |
| Insurance commissions and fees |
3,638 |
3,374 |
| Service charges on deposit accounts |
1,785 |
1,984 |
| Card services income |
1,569 |
1,245 |
| Mark-to-market gain on trading securities |
(82) |
(50) |
| Mark-to-market gain on liabilities held at fair value |
88 |
174 |
| Other income |
1,264 |
1,829 |
| Net gain on securities transactions |
2 |
95 |
| Total Noninterest Income |
11,661 |
12,492 |
| NONINTEREST EXPENSES |
|
|
| Salaries and wages |
11,300 |
10,825 |
| Pension and other employee benefits |
4,299 |
4,031 |
| Net occupancy expense of premises |
1,805 |
1,894 |
| Furniture and fixture expense |
1,100 |
1,038 |
| FDIC insurance |
528 |
1,050 |
| Amortization of intangible assets |
133 |
170 |
| Other operating expense |
7,206 |
6,208 |
| Total Noninterest Expenses |
26,371 |
25,216 |
| Income Before Income Tax Expense |
11,606 |
12,908 |
| Income Tax Expense |
3,762 |
4,102 |
| Net Income Attributable to Noncontrolling Interests and Tompkins Financial Corporation |
7,844 |
8,806 |
| Less: Net income attributable to noncontrolling interests |
33 |
33 |
| Net Income Attributable to Tompkins Financial Corporation |
$ 7,811 |
$ 8,773 |
| Basic Earnings Per Share |
$ 0.70 |
$ 0.80 |
| Diluted Earnings Per Share |
$ 0.70 |
$ 0.80 |