EX-12.1 3 ex12-1.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Tompkins Financial Corporation S-3

EXHIBIT 12.1

Tompkins Financial Corporation
Fixed Charge Calculation
EARNINGS	2016		2015		2014		2013		2012		2011		2010		2009
a. Pre Tax Income	86,516		87,514		77,576		71,764		42,506		51,923		50,382		47,345
b. Fixed Charges	22,613		20,859		21,167		24,451		24,536		25,890		32,505		39,999
c. Amortization of Capitalized Interest
d. Distributed Income to Equity investees
e. Our Share of pre-tax losses
LESS:
a. Interest Capitalized
b. Preference Security dividend requirements of
consolidated subsidiaries
c. Minority interest in pre-tax income of
subsidiaries that have not incurred fixed charges
EARNINGS	109,129		108,373		98,743		96,215		67,042		77,813		82,887		87,344
FIXED CHARGES	2016		2015		2014		2013		2012		2011		2010		2009
Interest Expense	22,103		20,365		20,683		23,975		24,213		25,682		32,287		39,758
An Estimate of interest within Rental Expense	510		494		484		476		323		208		218		241
TOTAL FIXED CHARGES	22,613		20,859		21,167		24,451		24,536		25,890		32,505		39,999
FIXED CHARGES EXCLUDING DEPOSIT
INTEREST	11,900		10,408		10,086		11,686		12,304		12,803		14,828		15,788
Deposit Interest	10,713		10,451		11,081		12,765		12,232		13,087		17,677		24,211
CD’s > $100M	3,751		3,625		3,845		4,832		3,322		3,292		4,297		5,442
Other Deposits	6,962		6,826		7,236		7,933		8,910		9,795		13,380		18,769
Rent Expense	5,105		4,939		4,839		4,759		3,230		2,082		2,180		2,407
Interest Factor 10%	510		494		484		476		323		208		218		241
RATIO	4.83		5.20		4.66		3.94		2.73		3.01		2.55		2.18
RATIO (Excluding Deposit Interest)	8.27		9.41		8.69		7.14		4.45		5.06		4.40		4.00