CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands |
3 Months Ended |
6 Months Ended |
Jun. 30, 2020 |
Jun. 30, 2019 |
Jun. 30, 2020 |
Jun. 30, 2019 |
| INTEREST AND DIVIDEND INCOME |
|
|
|
|
| Loans |
$ 56,133
|
$ 56,740
|
$ 111,747
|
$ 112,064
|
| Due from banks |
1
|
10
|
7
|
20
|
| Available-for-sale debt securities |
6,922
|
7,686
|
14,066
|
15,544
|
| Held-to-maturity securities |
0
|
863
|
0
|
1,721
|
| Federal Home Loan Bank and other stock |
389
|
794
|
824
|
1,672
|
| Interest income |
63,445
|
66,093
|
126,644
|
131,021
|
| INTEREST EXPENSE |
|
|
|
|
| Time certificates of deposits of $250,000 or more |
860
|
774
|
1,703
|
1,360
|
| Other deposits |
3,917
|
6,816
|
10,272
|
12,827
|
| Federal funds purchased and securities sold under agreements to repurchase |
21
|
33
|
57
|
77
|
| Trust preferred debentures |
253
|
327
|
542
|
656
|
| Other borrowings |
2,028
|
5,825
|
4,735
|
11,869
|
| Total Interest Expense |
7,079
|
13,775
|
17,309
|
26,789
|
| Net Interest Income |
56,366
|
52,318
|
109,335
|
104,232
|
| Less: Provision (credit) for credit loss expense |
(348)
|
601
|
15,946
|
1,046
|
| Net Interest Income After Provision for Credit Loss Expense |
56,714
|
51,717
|
93,389
|
103,186
|
| NONINTEREST INCOME |
|
|
|
|
| Insurance commissions and fees |
7,255
|
7,752
|
15,300
|
15,797
|
| Investment services income |
3,920
|
3,907
|
8,122
|
7,991
|
| Service charges on deposit accounts |
1,248
|
2,021
|
3,231
|
4,019
|
| Card services income |
2,283
|
2,750
|
4,466
|
5,540
|
| Other income |
2,466
|
1,806
|
4,570
|
4,284
|
| Net gain on securities transactions |
5
|
284
|
448
|
296
|
| Total Noninterest Income |
17,177
|
18,520
|
36,137
|
37,927
|
| NONINTEREST EXPENSE |
|
|
|
|
| Salaries and wages |
23,037
|
22,088
|
45,531
|
43,189
|
| Other employee benefits |
5,886
|
5,662
|
11,570
|
11,273
|
| Net occupancy expense of premises |
3,040
|
3,258
|
6,368
|
6,859
|
| Furniture and fixture expense |
1,888
|
1,996
|
3,873
|
3,975
|
| Amortization of intangible assets |
375
|
418
|
749
|
830
|
| Other operating expense |
12,662
|
12,648
|
24,537
|
24,153
|
| Total Noninterest Expenses |
46,888
|
46,070
|
92,628
|
90,279
|
| Income Before Income Tax Expense |
27,003
|
24,167
|
36,898
|
50,834
|
| Income Tax Expense |
5,540
|
4,743
|
7,449
|
10,338
|
| Net Income Attributable to Noncontrolling Interests and Tompkins Financial Corporation |
21,463
|
19,424
|
29,449
|
40,496
|
| Less: Net Income Attributable to Noncontrolling Interests |
32
|
32
|
69
|
64
|
| Net Income Attributable to Tompkins Financial Corporation |
$ 21,431
|
$ 19,392
|
$ 29,380
|
$ 40,432
|
| Basic Earnings Per Share (in dollars per share) |
$ 1.44
|
$ 1.27
|
$ 1.97
|
$ 2.64
|
| Diluted Earnings Per Share (in dollars per share) |
$ 1.44
|
$ 1.27
|
$ 1.97
|
$ 2.63
|