| 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.
| As of and for the three months ended September 30, 2016 |
| (in thousands) |
|
|
Banking |
|
|
|
Insurance |
|
|
|
Wealth Management |
|
|
|
Intercompany |
|
|
|
Consolidated |
|
| Interest income |
|
$ |
51,077 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
51,077 |
|
| Interest expense |
|
|
5,760 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
5,760 |
|
| Net interest income |
|
|
45,317 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
45,317 |
|
| Provision for loan and lease losses |
|
|
782 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
782 |
|
| Noninterest income |
|
|
6,335 |
|
|
|
7,862 |
|
|
|
4,004 |
|
|
|
(296 |
) |
|
|
17,905 |
|
| Noninterest expense |
|
|
31,337 |
|
|
|
6,281 |
|
|
|
3,002 |
|
|
|
(296 |
) |
|
|
40,324 |
|
| Income before income tax expense |
|
|
19,533 |
|
|
|
1,581 |
|
|
|
1,002 |
|
|
|
0 |
|
|
|
22,116 |
|
| Income tax expense |
|
|
6,238 |
|
|
|
642 |
|
|
|
339 |
|
|
|
0 |
|
|
|
7,219 |
|
| Net Income attributable to noncontrolling interests and Tompkins Financial Corporation |
|
|
13,295 |
|
|
|
939 |
|
|
|
663 |
|
|
|
0 |
|
|
|
14,897 |
|
| Less: Net income attributable to noncontrolling interests |
|
|
33 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
33 |
|
| Net Income attributable to Tompkins Financial Corporation |
|
$ |
13,262 |
|
|
$ |
939 |
|
|
$ |
663 |
|
|
$ |
0 |
|
|
$ |
14,864 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization |
|
$ |
1,587 |
|
|
$ |
87 |
|
|
$ |
19 |
|
|
$ |
0 |
|
|
$ |
1,693 |
|
| Assets |
|
|
6,056,855 |
|
|
|
39,618 |
|
|
|
14,366 |
|
|
|
(8,624 |
) |
|
|
6,102,215 |
|
| Goodwill |
|
|
64,370 |
|
|
|
20,042 |
|
|
|
8,211 |
|
|
|
0 |
|
|
|
92,623 |
|
| Other intangibles, net |
|
|
6,778 |
|
|
|
4,748 |
|
|
|
376 |
|
|
|
0 |
|
|
|
11,902 |
|
| Net loans and leases |
|
|
4,055,435 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
4,055,435 |
|
| Deposits |
|
|
4,698,847 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(8,547 |
) |
|
|
4,690,300 |
|
| Total Equity |
|
|
518,707 |
|
|
|
30,780 |
|
|
|
11,703 |
|
|
|
0 |
|
|
|
561,190 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| As of and for the three months ended September 30, 2015 |
| (in thousands) |
|
Banking |
|
|
Insurance |
|
|
Wealth Management |
|
|
Intercompany |
|
|
Consolidated |
|
| Interest income |
|
$ |
47,490 |
|
|
$ |
0 |
|
|
$ |
40 |
|
|
$ |
0 |
|
|
$ |
47,530 |
|
| Interest expense |
|
|
5,144 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
5,144 |
|
| Net interest income |
|
|
42,346 |
|
|
|
0 |
|
|
|
40 |
|
|
|
0 |
|
|
|
42,386 |
|
| Provision for loan and lease losses |
|
|
281 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
281 |
|
| Noninterest income |
|
|
6,293 |
|
|
|
7,621 |
|
|
|
3,788 |
|
|
|
(280 |
) |
|
|
17,422 |
|
| Noninterest expense |
|
|
29,247 |
|
|
|
6,069 |
|
|
|
2,846 |
|
|
|
(280 |
) |
|
|
37,882 |
|
| Income before income tax expense |
|
|
19,111 |
|
|
|
1,552 |
|
|
|
982 |
|
|
|
0 |
|
|
|
21,645 |
|
| Income tax expense |
|
|
6,156 |
|
|
|
634 |
|
|
|
325 |
|
|
|
0 |
|
|
|
7,115 |
|
| Net Income attributable to noncontrolling interests and Tompkins Financial Corporation |
|
|
12,955 |
|
|
|
918 |
|
|
|
657 |
|
|
|
0 |
|
|
|
14,530 |
|
| Less: Net income attributable to noncontrolling interests |
|
|
33 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
33 |
|
| Net Income attributable to Tompkins Financial Corporation |
|
$ |
12,922 |
|
|
$ |
918 |
|
|
$ |
657 |
|
|
$ |
0 |
|
|
$ |
14,497 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization |
|
$ |
1,503 |
|
|
$ |
93 |
|
|
$ |
30 |
|
|
$ |
0 |
|
|
$ |
1,626 |
|
| Assets |
|
|
5,551,880 |
|
|
|
36,825 |
|
|
|
13,782 |
|
|
|
(7,769 |
) |
|
|
5,594,718 |
|
| Goodwill |
|
|
64,500 |
|
|
|
19,662 |
|
|
|
8,081 |
|
|
|
0 |
|
|
|
92,243 |
|
| Other intangibles, net |
|
|
8,173 |
|
|
|
4,388 |
|
|
|
467 |
|
|
|
0 |
|
|
|
13,028 |
|
| Net loans and leases |
|
|
3,603,348 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
3,603,348 |
|
| Deposits |
|
|
4,444,332 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(7,259 |
) |
|
|
4,437,073 |
|
| Total Equity |
|
|
478,567 |
|
|
|
27,776 |
|
|
|
11,616 |
|
|
|
0 |
|
|
|
517,959 |
|
| For the nine months ended September 30, 2016 |
| (in thousands) |
|
Banking |
|
|
Insurance |
|
|
Wealth Management |
|
|
Intercompany |
|
|
Consolidated |
|
| Interest income |
|
$ |
150,803 |
|
|
$ |
1 |
|
|
$ |
0 |
|
|
$ |
(1 |
) |
|
$ |
150,803 |
|
| Interest expense |
|
|
16,541 |
|
|
|
1 |
|
|
|
0 |
|
|
|
(1 |
) |
|
|
16,541 |
|
| Net interest income |
|
|
134,262 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
134,262 |
|
| Provision for loan and lease losses |
|
|
2,615 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
2,615 |
|
| Noninterest income |
|
|
18,468 |
|
|
|
23,017 |
|
|
|
11,870 |
|
|
|
(863 |
) |
|
|
52,492 |
|
| Noninterest expense |
|
|
92,357 |
|
|
|
18,780 |
|
|
|
8,944 |
|
|
|
(863 |
) |
|
|
119,218 |
|
| Income before income tax expense |
|
|
57,758 |
|
|
|
4,237 |
|
|
|
2,926 |
|
|
|
0 |
|
|
|
64,921 |
|
| Income tax expense |
|
|
18,513 |
|
|
|
1,719 |
|
|
|
976 |
|
|
|
0 |
|
|
|
21,208 |
|
| Net Income attributable to noncontrolling interests and Tompkins Financial Corporation |
|
|
39,245 |
|
|
|
2,518 |
|
|
|
1,950 |
|
|
|
0 |
|
|
|
43,713 |
|
| Less: Net income attributable to noncontrolling interests |
|
|
98 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
98 |
|
| Net Income attributable to Tompkins Financial Corporation |
|
$ |
39,147 |
|
|
$ |
2,518 |
|
|
$ |
1,950 |
|
|
$ |
0 |
|
|
$ |
43,615 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization |
|
$ |
4,724 |
|
|
$ |
269 |
|
|
$ |
56 |
|
|
$ |
0 |
|
|
$ |
5,049 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| For the nine months ended September 30, 2015 |
| (in thousands) |
|
Banking |
|
|
Insurance |
|
|
Wealth Management |
|
|
Intercompany |
|
|
Consolidated |
|
| Interest income |
|
$ |
140,066 |
|
|
$ |
2 |
|
|
$ |
114 |
|
|
$ |
(1 |
) |
|
$ |
140,181 |
|
| Interest expense |
|
|
15,238 |
|
|
|
0 |
|
|
|
0 |
|
|
|
(1 |
) |
|
|
15,237 |
|
| Net interest income |
|
|
124,828 |
|
|
|
2 |
|
|
|
114 |
|
|
|
0 |
|
|
|
124,944 |
|
| Provision for loan and lease losses |
|
|
1,412 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,412 |
|
| Noninterest income |
|
|
20,346 |
|
|
|
22,508 |
|
|
|
11,919 |
|
|
|
(743 |
) |
|
|
54,030 |
|
| Noninterest expense |
|
|
85,092 |
|
|
|
17,653 |
|
|
|
8,490 |
|
|
|
(743 |
) |
|
|
110,492 |
|
| Income before income tax expense |
|
|
58,670 |
|
|
|
4,857 |
|
|
|
3,543 |
|
|
|
0 |
|
|
|
67,070 |
|
| Income tax expense |
|
|
19,260 |
|
|
|
1,951 |
|
|
|
1,194 |
|
|
|
0 |
|
|
|
22,405 |
|
| Net Income attributable to noncontrolling interests and Tompkins Financial Corporation |
|
|
39,410 |
|
|
|
2,906 |
|
|
|
2,349 |
|
|
|
0 |
|
|
|
44,665 |
|
| Less: Net income attributable to noncontrolling interests |
|
|
98 |
|
|
|
0 |
|
|
|
0 |
|
|
|
0 |
|
|
|
98 |
|
| Net Income attributable to Tompkins Financial Corporation |
|
$ |
39,312 |
|
|
$ |
2,906 |
|
|
$ |
2,349 |
|
|
$ |
0 |
|
|
$ |
44,567 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization |
|
$ |
4,465 |
|
|
$ |
276 |
|
|
$ |
93 |
|
|
$ |
0 |
|
|
$ |
4,834 |
|
| |
|