CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands |
3 Months Ended |
9 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
| INTEREST AND DIVIDEND INCOME |
|
|
|
|
| Loans |
$ 43,057
|
$ 39,235
|
$ 125,378
|
$ 114,670
|
| Due from banks |
2
|
1
|
5
|
3
|
| Trading securities |
62
|
86
|
220
|
270
|
| Available-for-sale securities |
6,683
|
7,031
|
21,498
|
22,219
|
| Held-to-maturity securities |
898
|
915
|
2,712
|
2,185
|
| Federal Home Loan Bank and other stock |
375
|
262
|
990
|
834
|
| Total Interest and Dividend Income |
51,077
|
47,530
|
150,803
|
140,181
|
| INTEREST EXPENSE |
|
|
|
|
| Time certificates of deposits of $250,000 or more |
402
|
369
|
1,214
|
1,058
|
| Other deposits |
2,291
|
2,284
|
6,764
|
6,837
|
| Federal funds purchased and securities sold under agreements to repurchase |
630
|
685
|
1,940
|
2,020
|
| Trust preferred debentures |
600
|
583
|
1,783
|
1,726
|
| Other borrowings |
1,837
|
1,223
|
4,840
|
3,596
|
| Total Interest Expense |
5,760
|
5,144
|
16,541
|
15,237
|
| Net Interest Income |
45,317
|
42,386
|
134,262
|
124,944
|
| Less: Provision for loan and lease losses |
782
|
281
|
2,615
|
1,412
|
| Net Interest Income After Provision for Loan and Lease Losses |
44,535
|
42,105
|
131,647
|
123,532
|
| NONINTEREST INCOME |
|
|
|
|
| Insurance commissions and fees |
7,729
|
7,564
|
22,808
|
22,341
|
| Investment services income |
3,735
|
3,674
|
11,355
|
11,518
|
| Service charges on deposit accounts |
2,203
|
2,410
|
6,559
|
6,812
|
| Card services income |
2,037
|
2,001
|
5,980
|
5,844
|
| Mark-to-market loss on trading securities |
(76)
|
(69)
|
(182)
|
(206)
|
| Mark-to-market gain on liabilities held at fair value |
77
|
81
|
227
|
226
|
| Other income |
1,745
|
1,669
|
4,819
|
6,390
|
| Gain on sale of available-for-sale securities |
455
|
92
|
926
|
1,105
|
| Total Noninterest Income |
17,905
|
17,422
|
52,492
|
54,030
|
| NONINTEREST EXPENSES |
|
|
|
|
| Salaries and wages |
19,801
|
18,357
|
58,123
|
54,319
|
| Pension and other employee benefits |
5,218
|
5,368
|
15,435
|
10,843
|
| Net occupancy expense of premises |
3,046
|
2,891
|
9,193
|
9,303
|
| Furniture and fixture expense |
1,707
|
1,532
|
4,973
|
4,465
|
| FDIC insurance |
783
|
729
|
2,388
|
2,218
|
| Amortization of intangible assets |
524
|
496
|
1,572
|
1,503
|
| Other operating expense |
9,245
|
8,509
|
27,534
|
27,841
|
| Total Noninterest Expenses |
40,324
|
37,882
|
119,218
|
110,492
|
| Income Before Income Tax Expense |
22,116
|
21,645
|
64,921
|
67,070
|
| Income Tax Expense |
7,219
|
7,115
|
21,208
|
22,405
|
| Net Income attributable to Noncontrolling Interests and Tompkins Financial Corporation |
14,897
|
14,530
|
43,713
|
44,665
|
| Less: Net income attributable to noncontrolling interests |
33
|
33
|
98
|
98
|
| Net Income Attributable to Tompkins Financial Corporation |
$ 14,864
|
$ 14,497
|
$ 43,615
|
$ 44,567
|
| Basic Earnings Per Share (in dollars per share) |
$ 0.99
|
$ 0.97
|
$ 2.9
|
$ 2.98
|
| Diluted Earnings Per Share (in dollars per share) |
$ 0.97
|
$ 0.96
|
$ 2.87
|
$ 2.96
|