Condensed Parent Company Only Financial Statements (Tables)

12 Months Ended

Dec. 31, 2016

Condensed financial statements for Tompkins (the Parent Company) as of December 31, are presented below.



Condensed Statements of Condition
(in thousands)	2016		2015
Assets

Cash	$	28,398	$	5,759
Available-for-sale securities, at fair value	0		0
Investment in subsidiaries, at equity	563,691		548,227
Other	10,345		12,940
Total Assets	$	602,434	$	566,926

Liabilities and Shareholders’ Equity

Borrowings	$	16,000	$	13,510
Trust preferred debentures issued to non-consolidated subsidiary	37,681		37,509
Other liabilities	800		893
Tompkins Financial Corporation Shareholders’ Equity	547,953		515,014
Total Liabilities and Shareholders’ Equity	$	602,434	$	566,926



Condensed Statements of Income
(in thousands)	2016		2015		2014
Dividends from available-for-sale securities	$	0	$	2	$	2
Dividends received from subsidiaries	47,584		28,667		28,727
Other income	269		593		1,059
Total Operating Income	47,853		29,262		29,788

Interest expense	2,743		2,648		2,703
Other expenses	6,089		5,996		6,484
Total Operating Expenses	8,832		8,644		9,187
Income Before Taxes and Equity in Undistributed
Earnings of Subsidiaries	39,021		20,618		20,601
Income tax benefit	3,549		2,987		3,654
Equity in undistributed earnings of subsidiaries	16,770		34,816		27,786
Net Income	$	59,340	$	58,421	$	52,041



Condensed Statements of Cash Flows
(in thousands)	2016			2015			2014
Operating activities
Net income	$	59,340		$	58,421		$	52,041
Adjustments to reconcile net income to net cash provided by operating activities
Equity in undistributed earnings of subsidiaries	(16,770		)	(34,816		)	(27,799		)
Other, net	1,826			1,511			(999		)
Net Cash Provided by Operating Activities	44,396			25,116			23,243
Investing activities

Other, net	24			81			85
Net Cash Provided by Investing Activities	24			81			85
Financing activities

Borrowings, net	2,490			0			(1,000		)
Cash dividends	(26,603		)	(25,411		)	(23,983		)
Repurchase of common shares	(1,166		)	(3,505		)	(4,602		)
Net shares issued related to restricted stock awards	(835		)	(195		)	64
Shares issued for dividend reinvestment plans	3,201			0			2,186
Shares issued for employee stock ownership plan	1,938			1,595			1,528
Net proceeds from exercise of stock options	(806		)	1,382			1,512
Common stock issued	0			50			50
Net Cash Used in Financing Activities	(21,781		)	(26,084		)	(24,245		)
Net (decrease) increase in cash	22,639			(887		)	(917		)
Cash at beginning of year	5,759			6,646			7,563
Cash at End of Year	$	28,398		$	5,759		$	6,646