CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands |
3 Months Ended |
6 Months Ended |
Jun. 30, 2017 |
Jun. 30, 2016 |
Jun. 30, 2017 |
Jun. 30, 2016 |
| INTEREST AND DIVIDEND INCOME |
|
|
|
|
| Loans |
$ 47,357
|
$ 41,834
|
$ 92,308
|
$ 82,321
|
| Due from banks |
4
|
1
|
6
|
3
|
| Trading securities |
0
|
77
|
0
|
158
|
| Available-for-sale securities |
7,647
|
7,284
|
14,969
|
14,815
|
| Held-to-maturity securities |
870
|
903
|
1,748
|
1,814
|
| Federal Home Loan Bank and other stock |
464
|
318
|
932
|
615
|
| Total Interest and Dividend Income |
56,342
|
50,417
|
109,963
|
99,726
|
| INTEREST EXPENSE |
|
|
|
|
| Time certificates of deposits of $250,000 or more |
466
|
422
|
907
|
812
|
| Other deposits |
2,482
|
2,264
|
4,829
|
4,473
|
| Federal funds purchased and securities sold under agreements to repurchase |
43
|
644
|
151
|
1,310
|
| Trust preferred debentures |
256
|
594
|
623
|
1,183
|
| Other borrowings |
2,794
|
1,586
|
5,118
|
3,003
|
| Total Interest Expense |
6,041
|
5,510
|
11,628
|
10,781
|
| Net Interest Income |
50,301
|
44,907
|
98,335
|
88,945
|
| Less: Provision for loan and lease losses |
976
|
978
|
1,745
|
1,833
|
| Net Interest Income After Provision for Loan and Lease Losses |
49,325
|
43,929
|
96,590
|
87,112
|
| NONINTEREST INCOME |
|
|
|
|
| Insurance commissions and fees |
7,092
|
7,517
|
14,210
|
15,079
|
| Investment services income |
3,891
|
3,834
|
7,682
|
7,620
|
| Service charges on deposit accounts |
2,045
|
2,092
|
4,212
|
4,356
|
| Card services income |
2,676
|
2,002
|
4,685
|
3,943
|
| Mark-to-market loss on trading securities |
0
|
(60)
|
0
|
(106)
|
| Mark-to-market gain on liabilities held at fair value |
0
|
92
|
0
|
149
|
| Other income |
1,746
|
1,367
|
3,901
|
3,074
|
| Gain on sale of available-for-sale securities |
0
|
240
|
0
|
472
|
| Total Noninterest Income |
17,450
|
17,084
|
34,690
|
34,587
|
| NONINTEREST EXPENSES |
|
|
|
|
| Salaries and wages |
20,424
|
19,333
|
39,937
|
38,322
|
| Pension and other employee benefits |
5,092
|
4,934
|
10,851
|
10,217
|
| Net occupancy expense of premises |
3,390
|
2,999
|
6,901
|
6,147
|
| Furniture and fixture expense |
1,637
|
1,577
|
3,234
|
3,266
|
| FDIC insurance |
617
|
783
|
1,155
|
1,605
|
| Amortization of intangible assets |
485
|
521
|
978
|
1,048
|
| Other operating expense |
9,923
|
9,241
|
19,880
|
18,289
|
| Total Noninterest Expenses |
41,568
|
39,388
|
82,936
|
78,894
|
| Income Before Income Tax Expense |
25,207
|
21,625
|
48,344
|
42,805
|
| Income Tax Expense |
8,248
|
6,760
|
15,637
|
13,656
|
| Net Income attributable to noncontrolling interests and Tompkins Financial Corporation |
16,959
|
14,865
|
32,707
|
29,149
|
| Less: Net income attributable to noncontrolling interests |
33
|
32
|
65
|
65
|
| Net Income Attributable to Tompkins Financial Corporation |
$ 16,926
|
$ 14,833
|
$ 32,642
|
$ 29,084
|
| Basic Earnings Per Share (in dollars per share) |
$ 1.11
|
$ 0.99
|
$ 2.15
|
$ 1.94
|
| Diluted Earnings Per Share (in dollars per share) |
$ 1.11
|
$ 0.98
|
$ 2.13
|
$ 1.92
|