CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands |
3 Months Ended |
6 Months Ended |
Jun. 30, 2019 |
Jun. 30, 2018 |
Jun. 30, 2019 |
Jun. 30, 2018 |
| INTEREST AND DIVIDEND INCOME |
|
|
|
|
| Loans |
$ 56,740
|
$ 52,757
|
$ 112,064
|
$ 103,651
|
| Due from banks |
10
|
7
|
20
|
13
|
| Available-for-sale securities |
7,686
|
7,729
|
15,544
|
15,373
|
| Held-to-maturity securities |
863
|
854
|
1,721
|
1,712
|
| Federal Home Loan Bank and other stock |
794
|
796
|
1,672
|
1,534
|
| Total Interest and Dividend Income |
66,093
|
62,143
|
131,021
|
122,283
|
| INTEREST EXPENSE |
|
|
|
|
| Time certificates of deposits of $250,000 or more |
774
|
540
|
1,360
|
525
|
| Other deposits |
6,816
|
3,087
|
12,827
|
5,870
|
| Federal funds purchased and securities sold under agreements to repurchase |
33
|
34
|
77
|
80
|
| Trust preferred debentures |
327
|
306
|
656
|
586
|
| Other borrowings |
5,825
|
5,462
|
11,869
|
9,821
|
| Total Interest Expense |
13,775
|
9,429
|
26,789
|
16,882
|
| Net Interest Income |
52,318
|
52,714
|
104,232
|
105,401
|
| Less: Provision for loan and lease losses |
601
|
1,045
|
1,046
|
1,612
|
| Net Interest Income After Provision for Loan and Lease Losses |
51,717
|
51,669
|
103,186
|
103,789
|
| NONINTEREST INCOME |
|
|
|
|
| Insurance commissions and fees |
7,752
|
7,387
|
15,797
|
14,781
|
| Investment services income |
3,907
|
4,022
|
7,991
|
8,268
|
| Service charges on deposit accounts |
2,021
|
2,080
|
4,019
|
4,212
|
| Card services income |
2,750
|
2,621
|
5,540
|
4,767
|
| Other income |
1,806
|
4,898
|
4,284
|
6,686
|
| Net gain on securities transactions |
284
|
150
|
296
|
274
|
| Total Noninterest Income |
18,520
|
21,158
|
37,927
|
38,988
|
| NONINTEREST EXPENSE |
|
|
|
|
| Salaries and wages |
22,088
|
21,377
|
43,189
|
42,375
|
| Other employee benefits |
5,662
|
5,183
|
11,273
|
10,559
|
| Net occupancy expense of premises |
3,258
|
3,170
|
6,859
|
6,816
|
| Furniture and fixture expense |
1,996
|
1,673
|
3,975
|
3,648
|
| FDIC insurance |
522
|
704
|
1,104
|
1,371
|
| Amortization of intangible assets |
418
|
443
|
830
|
894
|
| Other operating expense |
12,126
|
12,435
|
23,049
|
23,043
|
| Total Noninterest Expenses |
46,070
|
44,985
|
90,279
|
88,706
|
| Income Before Income Tax Expense |
24,167
|
27,842
|
50,834
|
54,071
|
| Income Tax Expense |
4,743
|
5,751
|
10,338
|
11,512
|
| Net Income Attributable to Noncontrolling Interests and Tompkins Financial Corporation |
19,424
|
22,091
|
40,496
|
42,559
|
| Less: Net Income Attributable to Noncontrolling Interests |
32
|
32
|
64
|
64
|
| Net Income Attributable to Tompkins Financial Corporation |
$ 19,392
|
$ 22,059
|
$ 40,432
|
$ 42,495
|
| Basic Earnings Per Share (in dollars per share) |
$ 1.27
|
$ 1.44
|
$ 2.64
|
$ 2.78
|
| Diluted Earnings Per Share (in dollars per share) |
$ 1.27
|
$ 1.43
|
$ 2.63
|
$ 2.76
|