CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands |
3 Months Ended |
6 Months Ended |
Jun. 30, 2016 |
Jun. 30, 2015 |
Jun. 30, 2016 |
Jun. 30, 2015 |
| INTEREST AND DIVIDEND INCOME |
|
|
|
|
| Loans |
$ 41,834
|
$ 38,059
|
$ 82,321
|
$ 75,435
|
| Due from banks |
1
|
1
|
3
|
2
|
| Trading securities |
77
|
90
|
158
|
184
|
| Available-for-sale securities |
7,284
|
7,374
|
14,815
|
15,188
|
| Held-to-maturity securities |
903
|
674
|
1,814
|
1,270
|
| Federal Home Loan Bank and Atlantic Community Bankers Bank stock |
318
|
225
|
615
|
572
|
| Total Interest and Dividend Income |
50,417
|
46,423
|
99,726
|
92,651
|
| INTEREST EXPENSE |
|
|
|
|
| Time certificates of deposits |
422
|
354
|
812
|
689
|
| Other deposits |
2,264
|
2,267
|
4,473
|
4,553
|
| Federal funds purchased and securities sold under agreements to repurchase |
644
|
665
|
1,310
|
1,335
|
| Trust preferred debentures |
594
|
573
|
1,183
|
1,143
|
| Other borrowings |
1,586
|
1,234
|
3,003
|
2,373
|
| Total Interest Expense |
5,510
|
5,093
|
10,781
|
10,093
|
| Net Interest Income |
44,907
|
41,330
|
88,945
|
82,558
|
| Less: Provision for loan and lease losses |
978
|
922
|
1,833
|
1,131
|
| Net Interest Income After Provision for Loan and Lease Losses |
43,929
|
40,408
|
87,112
|
81,427
|
| NONINTEREST INCOME |
|
|
|
|
| Insurance commissions and fees |
7,517
|
7,407
|
15,079
|
14,777
|
| Investment services income |
3,834
|
3,838
|
7,620
|
7,844
|
| Service charges on deposit accounts |
2,092
|
2,244
|
4,356
|
4,402
|
| Card services income |
2,002
|
2,025
|
3,943
|
3,843
|
| Mark-to-market loss on trading securities |
(60)
|
(74)
|
(106)
|
(137)
|
| Mark-to-market gain on liabilities held at fair value |
92
|
104
|
149
|
145
|
| Other income |
1,367
|
2,695
|
3,074
|
4,721
|
| Gain on sale of available-for-sale securities |
240
|
723
|
472
|
1,013
|
| Total Noninterest Income |
17,084
|
18,962
|
34,587
|
36,608
|
| NONINTEREST EXPENSES |
|
|
|
|
| Salaries and wages |
19,333
|
18,394
|
38,322
|
35,962
|
| Pension and other employee benefits |
4,934
|
(519)
|
10,217
|
5,475
|
| Net occupancy expense of premises |
2,999
|
3,073
|
6,147
|
6,412
|
| Furniture and fixture expense |
1,577
|
1,483
|
3,266
|
2,933
|
| FDIC insurance |
783
|
748
|
1,605
|
1,489
|
| Amortization of intangible assets |
521
|
500
|
1,048
|
1,007
|
| Other operating expense |
9,241
|
9,239
|
18,289
|
19,332
|
| Total Noninterest Expenses |
39,388
|
32,918
|
78,894
|
72,610
|
| Income Before Income Tax Expense |
21,625
|
26,452
|
42,805
|
45,425
|
| Income Tax Expense |
7,022
|
9,030
|
13,989
|
15,290
|
| Net Income attributable to Noncontrolling Interests and Tompkins Financial Corporation |
14,603
|
17,422
|
28,816
|
30,135
|
| Less: Net income attributable to noncontrolling interests |
32
|
32
|
65
|
65
|
| Net Income Attributable to Tompkins Financial Corporation |
$ 14,571
|
$ 17,390
|
$ 28,751
|
$ 30,070
|
| Basic Earnings Per Share (in dollars per share) |
$ 0.97
|
$ 1.16
|
$ 1.91
|
$ 2.01
|
| Diluted Earnings Per Share (in dollars per share) |
$ 0.96
|
$ 1.15
|
$ 1.89
|
$ 2.00
|