XML 43 R28.htm IDEA: XBRL DOCUMENT v3.6.0.2
Regulations and Supervision
 12 Months Ended
Dec. 31, 2016
Banking and Thrift [Abstract]  
Regulations and Supervision
Regulations and Supervision
 
Capital Requirements:
 
The Company and its subsidiary banks are subject to various regulatory capital requirements administered by Federal bank regulatory agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material adverse effect on the Company’s business, results of operation and financial condition. Under capital adequacy guidelines and the regulatory framework for prompt corrective action (PCA), banks must meet specific guidelines that involve quantitative measures of assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. Capital amounts and classifications of the Company and its subsidiary banks are also subject to qualitative judgments by regulators concerning components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the maintenance of minimum amounts and ratios (set forth in the table below) of common equity Tier II capital total capital and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital to average assets (as defined). Management believes that the Company and its subsidiary banks meet all capital adequacy requirements to which they are subject.
 
As of December 31, 2016, the most recent notifications from Federal bank regulatory agencies categorized Tompkins Trust Company, The Bank of Castile, Mahopac Bank, and VIST Bank as “well capitalized” under the regulatory framework for PCA. To be categorized as well capitalized, the Company and its subsidiary banks must maintain total risk-based, Tier 1 risk-based, common equity Tier 1 capital and Tier 1 leverage ratios as set forth in the table below. There are no conditions or events since that notification that management believes have changed the capital category of the Company or its subsidiary banks. On January 31, 2017, the Company redeemed all of the trust preferred of Tompkins Capital Trust I, $20.5 million, at a redemption price equal to 100% of the liquidation amount of the securities ($1,000 per security), plus any accrued and unpaid interest up to the redemption date. As such, the Company excluded the $20.5 million for the calculation of Tier 1 and Total Capital below, which unfavorably impacted the consolidated ratios as of year-end 2016.

Actual capital amounts and ratios of the Company and its subsidiary banks are as follows:
 
Actual
 
Required 
to be 
Adequately Capitalized
 
Required 
to be 
Well Capitalized
(dollar amounts in thousands)
Amount/Ratio
 
Amount/Ratio
 
Amount/Ratio
December 31, 2016
 
 
 
 
 
Total Capital (to risk-weighted assets)
 
 
 
 
 
The Company (consolidated)
$540,109 /12.2%
 
$353,520/>8.0%
 
$441,900/>10.0%
Trust Company
$154,062/12.3%
 
$99,880 />8.0%
 
$124,850 />10.0%
Castile
$114,282/10.7%
 
$85,699 />8.0%
 
$107,124 />10.0%
Mahopac
$111,727/12.6%
 
$70,824 />8.0%
 
$88,530 />10.0%
VIST
$141,193/11.9%
 
$95,116 />8.0%
 
$118,895 />10.0%
Common EquityTier 1 Capital (to risk-weighted assets)
 
 
 
 
 
The Company (consolidated)
$486,006/11.0%
 
$198,855/>4.5%
 
$287,235/>6.5%
Trust Company
$144,672/11.6%
 
$56,182 />4.5%
 
$81,152 />6.5%
Castile
$105,998/9.9%
 
$48,206 />4.5%
 
$69,630 />6.5%
Mahopac
$100,956/11.4%
 
$39,838 />4.5%
 
$57,544 />6.5%
VIST
$133,505/11.2%
 
$53,503 />4.5%
 
$77,282 />6.5%
Tier 1 Capital (to risk-weighted assets)
 
 
 
 
 
The Company (consolidated)
$502,525/11.4%
 
$265,140/>6.0%
 
$353,520/>8.0%
Trust Company
$144,672/11.6%
 
$74,910 />6.0%
 
$99,880 />8.0%
Castile
$105,998/9.9%
 
$64,274 />6.0%
 
$85,699 />8.0%
Mahopac
$100,956/11.4%
 
$53,118 />6.0%
 
$70,824 />8.0%
VIST
$133,505/11.2%
 
$71,337 />6.0%
 
$95,116 />8.0%
Tier 1 Capital (to average assets)
 
 
 
 
 
The Company (consolidated)
$502,525/8.4%
 
$238,872/>4.0%
 
$298,590/>5.0%
Trust Company
$144,672/7.7%
 
$75,246 />4.0%
 
$94,057 />5.0%
Castile
$105,998/7.7%
 
$54,851 />4.0%
 
$68,563 />5.0%
Mahopac
$100,956/8.4%
 
$48,333 />4.0%
 
$60,416 />5.0%
VIST
$133,505/8.9%
 
$59,984 />4.0%
 
$74,980 />5.0%
 
 
 
 
 
 
December 31, 2015
 
 
 
 
 
Total Capital (to risk-weighted assets)
 
 
 
 
 
The Company (consolidated)
$520,891/13.0%
 
>$319,711/>8.0%
 
>$399,638/>10.0%
Trust Company
$151,299/13.7%
 
>$88,274 />8.0%
 
>$110,342 />10.0%
Castile
$104,568/10.5%
 
>$79,657 />8.0%
 
>$99,571 />10.0%
Mahopac
$110,158/14.0%
 
>$62,943 />8.0%
 
>$78,678 />10.0%
VIST
$133,925/12.4%
 
>$86,371 />8.0%
 
>$107,964 />10.0%
Common EquityTier 1 Capital (to risk-weighted assets)
 
 
 
 
 
The Company (consolidated)
$449,535/11.3%
 
>$179,837/>4.5%
 
>$259,765/>6.5%
Trust Company
$143,005/13.0%
 
>$49,654 />4.5%
 
>$71,722 />6.5%
Castile
$97,097/9.8%
 
>$44,807 />4.5%
 
>$64,721 />6.5%
Mahopac
$100,322/12.8%
 
>$35,405 />4.5%
 
>$51,141 />6.5%
VIST
$127,229/11.8%
 
>$48,584 />4.5%
 
>$70,177 />6.5%
Tier 1 Capital (to risk-weighted assets)
 
 
 
 
 
The Company (consolidated)
$487,043/12.2%
 
>$239,783/>6.0%
 
>$319,711/>8.0%
Trust Company
$143,005/13.0%
 
>$66,205 />6.0%
 
>$88,274 />8.0%
Castile
$97,097/9.8%
 
>$59,743 />6.0%
 
>$79,657 />8.0%
Mahopac
$100,322/12.8%
 
>$47,207 />6.0%
 
>$62,943 />8.0%
VIST
$127,229/11.8%
 
>$64,779 />6.0%
 
>$86,371 />8.0%
Tier 1 Capital (to average assets)
 
 
 
 
 
The Company (consolidated)
$487,043/8.8%
 
>$220,995/>4.0%
 
>$276,243/>5.0%
Trust Company
$143,005/8.0%
 
>$71,319 />4.0%
 
>$89,148 />5.0%
Castile
$97,097/7.7%
 
>$50,309 />4.0%
 
>$62,887 />5.0%
Mahopac
$100,322/9.2%
 
>$43,865 />4.0%
 
>$54,831 />5.0%
VIST
$127,229/9.1%
 
>$55,650 />4.0%
 
>$69,563 />5.0%