CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands |
3 Months Ended |
6 Months Ended |
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
| INTEREST AND DIVIDEND INCOME |
|
|
|
|
| Loans |
$ 63,527
|
$ 52,505
|
$ 124,369
|
$ 103,636
|
| Due from banks |
183
|
64
|
322
|
105
|
| Available-for-sale debt securities |
6,618
|
7,063
|
13,361
|
13,833
|
| Held-to-maturity securities |
1,219
|
1,201
|
2,433
|
2,330
|
| Federal Home Loan Bank and other stock |
323
|
120
|
623
|
225
|
| Interest income |
71,870
|
60,953
|
141,108
|
120,129
|
| INTEREST EXPENSE |
|
|
|
|
| Time certificates of deposits of $250,000 or more |
2,526
|
400
|
4,313
|
826
|
| Other deposits |
13,119
|
1,647
|
23,513
|
3,267
|
| Federal funds purchased and securities sold under agreements to repurchase |
15
|
15
|
29
|
31
|
| Other borrowings |
4,314
|
629
|
7,111
|
1,129
|
| Total Interest Expense |
19,974
|
2,691
|
34,966
|
5,253
|
| Net Interest Income |
51,896
|
58,262
|
106,142
|
114,876
|
| Less: Provision for credit loss expense |
2,253
|
856
|
1,428
|
336
|
| Net Interest Income After Credit for Credit Loss Expense |
49,643
|
57,406
|
104,714
|
114,540
|
| NONINTEREST INCOME |
|
|
|
|
| Insurance commissions and fees |
8,672
|
8,429
|
18,181
|
17,746
|
| Wealth management fees |
4,678
|
4,596
|
9,187
|
9,513
|
| Service charges on deposit accounts |
1,640
|
1,756
|
3,386
|
3,535
|
| Card services income |
3,087
|
2,959
|
5,769
|
5,502
|
| Other income |
1,603
|
1,241
|
3,544
|
2,717
|
| Net loss on securities transactions |
(7,065)
|
(37)
|
(7,052)
|
(84)
|
| Total Noninterest Income |
12,615
|
18,944
|
33,015
|
38,929
|
| NONINTEREST EXPENSE |
|
|
|
|
| Salaries and wages |
25,337
|
24,396
|
49,849
|
47,668
|
| Other employee benefits |
6,647
|
6,341
|
13,388
|
12,138
|
| Net occupancy expense of premises |
3,327
|
3,131
|
6,626
|
6,672
|
| Furniture and fixture expense |
2,105
|
2,004
|
4,159
|
3,995
|
| Amortization of intangible assets |
84
|
219
|
167
|
437
|
| Other operating expense |
14,468
|
13,029
|
27,937
|
25,049
|
| Total Noninterest Expenses |
51,968
|
49,120
|
102,126
|
95,959
|
| Income Before Income Tax Expense |
10,290
|
27,230
|
35,603
|
57,510
|
| Income Tax Expense |
1,784
|
6,329
|
7,685
|
13,305
|
| Net Income Attributable to Noncontrolling Interests and Tompkins Financial Corporation |
8,506
|
20,901
|
27,918
|
44,205
|
| Less: Net Income Attributable to Noncontrolling Interests |
31
|
32
|
62
|
63
|
| Net Income Attributable to Tompkins Financial Corporation |
$ 8,475
|
$ 20,869
|
$ 27,856
|
$ 44,142
|
| Basic Earnings Per Share (in dollars per share) |
$ 0.59
|
$ 1.45
|
$ 1.94
|
$ 3.06
|
| Diluted Earnings Per Share (in dollars per share) |
$ 0.59
|
$ 1.45
|
$ 1.94
|
$ 3.05
|