|
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2012
|
Mar. 31, 2011
|
| OPERATING ACTIVITIES |
|
|
| Net income attributable to Tompkins Financial Corporation |
$ 7,811 |
$ 8,773 |
| Provision for loan and lease losses |
1,125 |
1,910 |
| Depreciation and amortization of premises, equipment, and software |
1,209 |
1,174 |
| Amortization of intangible assets |
133 |
170 |
| Earnings from corporate owned life insurance, net |
(426) |
(411) |
| Net amortization on securities |
2,700 |
1,968 |
| Mark-to-market loss on trading securities |
82 |
50 |
| Mark-to-market gain on liabilities held at fair value |
(88) |
(174) |
| Net gain on securities transactions |
(2) |
(95) |
| Net gain on sale of loans |
(100) |
(164) |
| Proceeds from sale of loans |
4,281 |
10,235 |
| Loans originated for sale |
(5,072) |
(9,138) |
| Net gain on sale of bank premises and equipment |
(6) |
0 |
| Stock-based compensation expense |
377 |
323 |
| Increase in accrued interest receivable |
(618) |
(171) |
| Decrease in accrued interest payable |
(52) |
(198) |
| Proceeds from maturities and payments of trading securities |
738 |
942 |
| Contribution to pension plan |
(5,000) |
(2,750) |
| Other, net |
(1,340) |
1,805 |
| Net Cash Provided by Operating Activities |
5,752 |
14,249 |
| INVESTING ACTIVITIES |
|
|
| Proceeds from maturities, calls and principal paydowns of available-for-sale securities |
89,456 |
125,415 |
| Proceeds from sales of available-for-sale securities |
0 |
34,019 |
| Proceeds from maturities, calls and principal paydowns of held-to-maturity securities |
1,043 |
5,426 |
| Purchases of available-for-sale securities |
(189,958) |
(169,518) |
| Purchases of held-to-maturity securities |
(692) |
(556) |
| Net decrease (increase) in loans |
3,401 |
(6,626) |
| Net decrease in Federal Home Loan Bank stock and Federal Reserve Bank stock |
2,610 |
4,410 |
| Proceeds from sale of bank premises and equipment |
18 |
29 |
| Purchases of bank premises and equipment |
(1,473) |
(528) |
| Net cash used in acquisitions |
(755) |
0 |
| Other, net |
(550) |
(671) |
| Net Cash Used in Investing Activities |
(96,900) |
(8,600) |
| FINANCING ACTIVITIES |
|
|
| Net increase in demand, money market, and savings deposits |
157,086 |
114,753 |
| Net increase in time deposits |
41,786 |
1,891 |
| Net increase (decrease) in Federal funds purchases and securities sold under agreements to repurchase |
366 |
(1,600) |
| Increase in other borrowings |
0 |
13,780 |
| Repayment of other borrowings |
(53,103) |
(117,445) |
| Cash dividends |
(4,005) |
(3,706) |
| Shares issued for dividend reinvestment plan |
710 |
522 |
| Shares issued for employee stock ownership plan |
1,037 |
1,053 |
| Net proceeds from exercise of stock options |
966 |
569 |
| Tax benefit from stock option exercises |
55 |
(17) |
| Net Cash Provided by Financing Activities |
144,898 |
9,800 |
| Net Increase in Cash and Cash Equivalents |
53,750 |
15,449 |
| Cash and cash equivalents at beginning of period |
49,567 |
49,665 |
| Total Cash & Cash Equivalents at End of Period |
103,317 |
65,114 |
| Supplemental Information: |
|
|
| Cash paid during the year for - Interest |
5,739 |
6,943 |
| Cash paid during the year for - Income taxes |
4,252 |
57 |
| Transfer of loans to other real estate owned |
$ 592 |
$ 538 |