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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2016

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities measured at fair value on a recurring basis

Recurring Fair Value Measurements

December 31, 2015

(in thousands)	Fair Value 12/31/2015				(Level 1)				(Level 2)				(Level 3)
Trading securities
Obligations of U.S. Government sponsored entities	$	6,601			$	0			$	6,601			$	0
Mortgage-backed securities - residential	767				0				767				0
Available-for-sale securities
Obligations of U.S. Government sponsored entities	552,893				0				552,893				0
Obligations of U.S. states and political subdivisions	84,726				0				84,726				0
Mortgage-backed securities - residential
U.S. Government agencies	94,678				0				94,678				0
U.S. Government sponsored entities	650,097				0				650,097				0
Non-U.S. Government agencies or sponsored entities	194				0				194				0
U.S. corporate debt securities	2,162				0				2,162				0
Equity securities	934				0				0				934
Borrowings
Other borrowings	10,576				0				10,576				0

The following table summarizes financial assets and financial liabilities measured at fair value on a recurring basis as of December 31, 2016 and 2015 segregated by the level of valuation inputs within the fair value hierarchy used to measure fair value.

Recurring Fair Value Measurements

December 31, 2016

(in thousands)	Fair Value 12/31/2016				(Level 1)				(Level 2)				(Level 3)
Available-for-sale securities
Obligations of U.S. Government sponsored entities	$	527,627			$	0			$	527,627			$	0
Obligations of U.S. states and political subdivisions	89,056				0				89,056				0
Mortgage-backed securities - residential
U.S. Government agencies	158,226				0				158,226				0
U.S. Government sponsored entities	651,430				0				651,430				0
Non-U.S. Government agencies or sponsored entities	116				0				116				0
U.S. corporate debt securities	2,162				0				2,162				0
Equity securities	921				0				0				921

Schedule of assets and liabilities measured at fair value on a non recurring basis

Certain assets are measured at fair value on a nonrecurring basis, that is, they are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances. For the Company, these include loans held for sale, collateral dependent impaired loans, other real estate owned, goodwill and other intangible assets. During 2016, certain collateral dependent impaired loans and other real estate owned at December 31, 2016, were adjusted down to fair value. Collateral values are estimated using Level 2 inputs based upon observable market data. Real estate values are generally valued using independent appraisals or other indications of value based on recent comparable sales of similar properties or assumptions generally available in the market.

					Fair value measurements at reporting date using:												Gain (losses) from fair value changes
(in thousands)	As of				Quoted prices in active markets for identical assets				Significant other observable inputs				Significant unobservable inputs				Twelve months ended
Assets:	12/31/2016				(Level 1)				(Level 2)				(Level 3)				12/31/2016
Impaired Loans	$	7,296			$	0			$	7,296			$	0			$	(234	)
Other real estate owned	908				0				908				0				(76		)

					Fair value measurements at reporting date using:												Gain (losses) from fair value changes
(in thousands)	As of				Quoted prices in active markets for identical assets				Significant other observable inputs				Significant unobservable inputs				Twelve months ended
Assets:	12/31/2015				(Level 1)				(Level 2)				(Level 3)				12/31/2015
Impaired Loans	$	5,730			$	0			$	5,730			$	0			$	(326	)
Other real estate owned	1,995				0				1,995				0				714

Schedule of carrying amount and fair value of financial instruments

The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments at December 31, 2016 and 2015. The carrying amounts shown in the table are included in the Consolidated Statements of Condition under the indicated captions. The fair value estimates, methods and assumptions set forth below for the Company’s financial instruments, including those financial instruments carried at cost, are made solely to comply with disclosures required by generally accepted accounting principles in the United States and does not always incorporate the exit-price concept of fair value prescribed by ASC Topic 820-10 and should be read in conjunction with the financial statements and notes included in this Report.

Estimated Fair Value of Financial Instruments
December 31, 2016
(in thousands)	Carrying Amount				Fair Value				(Level 1)				(Level 2)				(Level 3)
Financial Assets:
Cash and cash equivalents	$	63,954			$	63,954			$	63,954			$	0			$	0
Securities - held-to-maturity	142,119				142,832				0				142,832				0
FHLB and FRB stock	43,133				43,133				0				43,133				0
Accrued interest receivable	17,390				17,390				0				17,390				0
Loans and leases, net1	4,222,278				4,187,415				0				7,296				4,180,119
Financial Liabilities:
Time deposits	$	870,788			$	867,921			$	0			$	867,921			$	0
Other deposits	3,754,351				3,754,351				0				3,754,351				0
Securities sold under agreements to repurchase	69,062				69,109				0				69,109				0
Other borrowings	884,815				884,842				0				884,842				0
Trust preferred debentures2	37,681				43,321				0				43,321				0
Accrued interest payable	1,902				1,902				0				1,902				0

¹ Lease receivables, although excluded from the scope of ASC Topic 825, are included in the estimated fair value amounts at their carrying value.

² The fair value of Tompkins Capital Trust I is shown to equal the book value of $21.2 million given that it was redeemed at par on January 31, 2017.

Estimated Fair Value of Financial Instruments
December 31, 2015
(in thousands)	Carrying Amount				Fair Value				(Level 1)				(Level 2)				(Level 3)
Financial Assets:
Cash and cash equivalents	$	58,257			$	58,257			$	58,257			$	0			$	0
Securities - held-to-maturity	146,071				146,686				0				146,686
FHLB and FRB stock	29,969				29,969				0				29,969				0
Accrued interest receivable	16,433				16,433				0				16,433				0
Loans and leases, net1	3,740,038				3,739,695				0				5,730				3,733,965
Financial Liabilities:
Time deposits	$	855,133			$	853,839			$	0			$	853,839			$	0
Other deposits	3,540,173				3,540,173				0				3,540,173				0
Securities sold under agreements to repurchase	136,513				138,161								138,161
Other borrowings	525,709				527,041				0				527,041				0
Trust preferred debentures	37,509				45,190				0				45,190				0
Accrued interest payable	1,973				1,973				0				1,973				0

¹ Lease receivables, although excluded from the scope of ASC Topic 825, are included in the estimated fair value amounts at their carrying value.

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Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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