XML 18 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
OPERATING ACTIVITIES    
Net income attributable to Tompkins Financial Corporation $ 63,397 $ 50,037
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 1,884 2,147
Depreciation and amortization of premises, equipment, and software 6,937 5,666
Amortization of intangible assets 1,334 1,459
Earnings from corporate owned life insurance (1,519) (1,644)
Net amortization on securities 6,775 7,884
Amortization/accretion related to purchase accounting (1,603) (2,060)
Net gain (loss) on securities transactions (290) 423
Net gain on sale of loans originated for sale (295) (39)
Proceeds from sale of loans originated for sale 15,585 2,249
Loans originated for sale (16,970) (2,409)
Net gain on sale of bank premises and equipment (2,946) (19)
Net excess tax benefit from stock based compensation 496 299
Stock-based compensation expense 2,511 2,120
Increase in accrued interest receivable (2,989) (3,081)
Increase in accrued interest payable 112 29
Contribution to pension plan 0 (1,750)
Other, net (4,829) (6,126)
Net Cash Provided by Operating Activities 67,590 55,185
INVESTING ACTIVITIES    
Proceeds from maturities, calls and principal paydowns of available-for-sale securities 105,220 125,761
Proceeds from sales of available-for-sale securities 60,888 23,828
Proceeds from maturities, calls and principal paydowns of held-to-maturity securities 5,791 6,626
Purchases of available-for-sale securities (123,772) (128,118)
Purchases of held-to-maturity securities (8,110) (4,768)
Net increase in loans (131,513) (230,739)
Net increase in Federal Home Loan Bank stock 2,042 2,823
Proceeds from sale of bank premises and equipment 3,274 85
Purchases of bank premises, equipment and software (14,380) (23,208)
Other, net 132 1,104
Net Cash Used in Investing Activities (100,428) (226,606)
FINANCING ACTIVITIES    
Net increase in demand, money market, and savings deposits 295,423 403,292
Net decrease in time deposits (107,071) (83,667)
Net (decrease) increase in Federal funds purchased and securities sold under agreements to repurchase (22,302) 4,812
Increase in other borrowings 415,932 468,749
Repayment of other borrowings (499,159) (518,991)
Redemption of trust preferred debentures 0 (21,161)
Cash dividends (21,998) (20,481)
Repurchase of common stock (1,206) 0
Shares issued for dividend reinvestment plan 0 2,872
Shares issued for employee stock ownership plan 3,073 2,296
Net shares issued related to restricted stock awards (494) (561)
Net proceeds from exercise of stock options (501) (281)
Net Cash Provided by Financing Activities 61,697 236,879
Net Increase in Cash and Cash Equivalents 28,859 65,458
Cash and cash equivalents at beginning of period 84,303 63,954
Total Cash and Cash Equivalents at End of Period 113,162 129,412
Supplemental Information:    
Cash paid during the year for - Interest 28,668 19,192
Cash paid during the year for - Taxes 14,963 13,801
Transfer of loans to other real estate owned $ 242 $ 2,693