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Segment and Related Information | 12 Months Ended
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Dec. 31, 2018
Segment Reporting [Abstract] |
Segment and Related Information | Segment and Related Information The Company manages its operations through three reportable business segments in accordance with the standards set forth in FASB ASC 280, “Segment Reporting”: (i) banking and financial services (“Banking”), (ii) insurance services (“Tompkins Insurance Agencies, Inc.”) and (iii) wealth management (“Tompkins Financial Advisors”). The Company’s insurance services and wealth management services are managed separately from the Banking segment. Banking The banking segment is primarily comprised of the Company's four banking subsidiaries: Tompkins Trust Company, a commercial bank with 14 banking offices operated in Ithaca, NY and surrounding communities. The Bank of Castile (DBA Tompkins Bank of Castile), a commercial bank with 18 banking offices located in the Genesee Valley region of New York State as well as Monroe County; Mahopac Bank (DBA Tompkins Mahopac Bank), a commercial bank with 14 full-service banking offices located in the counties north of New York City; and VIST Bank (DBA Tompkins VIST Bank), a banking organization with 20 banking offices headquartered and operating in Southeastern Pennsylvania. Banking services consist primarily of attracting deposits from the areas served by the Company’s banking subsidiaries and using those deposits to originate a variety of commercial loans, agricultural loans, consumer loans, real estate loans and leases in those same areas. The Company’s subsidiary banks provide a variety of retail banking services including checking accounts, savings accounts, time deposits, IRA products, residential mortgage loans, personal loans, home equity loans, credit cards, debit cards and safe deposit services delivered through its branch facilities, ATMs, voice response, mobile banking, Internet banking and remote deposit services. The Company’s subsidiary banks also provide a variety of commercial banking services such as lending activities for a variety of business purposes, including real estate financing, construction, equipment financing, accounts receivable financing and commercial leasing. Other commercial services include deposit and cash management services, letters of credit, sweep accounts, credit cards, Internet-based account services, mobile banking and remote deposit services. The banking subsidiaries do not engage in sub-prime lending. Insurance The Company provides property and casualty insurance services and employee benefits consulting through Tompkins Insurance Agencies, Inc., a wholly-owned subsidiary of the Company, headquartered in Batavia, New York. Tompkins Insurance is an independent insurance agency, representing many major insurance carriers. Tompkins Insurance provides employee benefit consulting to employers in Western and Central New York and Southeastern Pennsylvania, assisting them with their medical, group life insurance and group disability insurance. Through the 2012 acquisition of VIST Financial, Tompkins Insurance expanded its operations with the addition of VIST Insurance, a full service agency offering a similar array of insurance products as Tompkins Insurance in southeastern Pennsylvania. Tompkins Insurance offers services to customers of the Company’s banking subsidiaries by sharing offices with The Bank of Castile, Tompkins Trust Company and VIST Bank. In addition to these shared offices, Tompkins Insurance has five stand-alone offices in Western New York. Wealth Management The wealth management segment is generally organized under the Tompkins Financial Advisors brand. Tompkins Financial Advisors offers a comprehensive suite of financial services to customers, including trust and estate services, investment management and financial and insurance planning for individuals, corporate executives, small business owners and high net worth individuals. Tompkins Financial Advisors has offices in each of the Company’s four subsidiary banks. Summarized financial information concerning the Company’s reportable segments and the reconciliation to the Company’s consolidated results is shown in the following table. Investment in subsidiaries is netted out of the presentations below. The “Intercompany” column identifies the intercompany activities of revenues, expenses and other assets between the banking and financial services segments. The Company accounts for intercompany fees and services at an estimated fair value according to regulatory requirements for the services provided. Intercompany items relate primarily to the use of human resources, information systems, accounting and marketing services provided by any of the banks and the holding company. All other accounting policies are the same as those described in Note 1 “Summary of significant accounting policies” in this Report.
As of and for the year ended December 31, 2018
(in thousands) | Banking |  | Insurance |  | Wealth Management |  | Intercompany |  | Consolidated
Interest income | $ | 251,592 |  |  | $ | 3 |  |  | $ | 0 |  |  | $ | (3 | ) |  | $ | 251,592 |
Interest expense | 39,795 |  |  | 0 |  |  | 0 |  |  | (3 | ) |  | 39,792 |
Net interest income | 211,797 |  |  | 3 |  |  | 0 |  |  | 0 |  |  | 211,800 |
Provision for loan and lease losses | 3,942 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 3,942 |
Noninterest income | 31,738 |  |  | 29,760 |  |  | 17,997 |  |  | (2,046 | ) |  | 77,449 |
Noninterest expense | 145,070 |  |  | 25,427 |  |  | 12,616 |  |  | (2,046 | ) |  | 181,067 |
Income before income tax expense | 94,523 |  |  | 4,336 |  |  | 5,381 |  |  | 0 |  |  | 104,240 |
Income tax expense | 19,486 |  |  | 1,092 |  |  | 1,227 |  |  | 0 |  |  | 21,805 |
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation | 75,037 |  |  | 3,244 |  |  | 4,154 |  |  | 0 |  |  | 82,435 |
Less: Net income attributable to noncontrolling interests | 127 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 127 |
Net Income attributable to Tompkins Financial Corporation | $ | 74,910 |  |  | $ | 3,244 |  |  | $ | 4,154 |  |  | $ | 0 |  |  | $ | 82,308 |
Depreciation and amortization | $ | 9,194 |  |  | $ | 230 |  |  | $ | 130 |  |  | $ | 0 |  |  | $ | 9,554 |
Assets | 6,707,625 |  |  | 42,088 |  |  | 21,365 |  |  | (12,642 | ) |  | 6,758,436 |
Goodwill | 64,370 |  |  | 19,702 |  |  | 8,211 |  |  | 0 |  |  | 92,283 |
Other intangibles, net | 4,224 |  |  | 3,192 |  |  | 212 |  |  | 0 |  |  | 7,628 |
Net loans and leases | 4,790,529 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 4,790,529 |
Deposits | 4,900,464 |  |  | 0 |  |  | 0 |  |  | (11,505 | ) |  | 4,888,959 |
Total equity | 568,988 |  |  | 32,996 |  |  | 18,887 |  |  | 0 |  |  | 620,871 |
As of and for the year ended December 31, 2017
(in thousands) | Banking |  | Insurance |  | Wealth Management |  | Intercompany & Merger |  | Consolidated
Interest income | $ | 226,764 |  |  | $ | 2 |  |  | $ | 0 |  |  | $ | (2 | ) |  | $ | 226,764 |
Interest expense | 25,462 |  |  | 0 |  |  | 0 |  |  | (2 | ) |  | 25,460 |
Net interest income | 201,302 |  |  | 2 |  |  | 0 |  |  | 0 |  |  | 201,304 |
Provision for loan and lease losses | 4,161 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 4,161 |
Noninterest income | 25,498 |  |  | 29,106 |  |  | 16,345 |  |  | (1,745 | ) |  | 69,204 |
Noninterest expense | 135,750 |  |  | 24,503 |  |  | 12,597 |  |  | (1,745 | ) |  | 171,105 |
Income before income tax expense | 86,889 |  |  | 4,605 |  |  | 3,748 |  |  | 0 |  |  | 95,242 |
Income tax expense | 39,731 |  |  | 1,705 |  |  | 1,184 |  |  | 0 |  |  | 42,620 |
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation | 47,158 |  |  | 2,900 |  |  | 2,564 |  |  | 0 |  |  | 52,622 |
Less: Net income attributable to noncontrolling interests | 128 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 128 |
Net Income attributable to Tompkins Financial Corporation | $ | 47,030 |  |  | $ | 2,900 |  |  | $ | 2,564 |  |  | $ | 0 |  |  | $ | 52,494 |
Depreciation and amortization | $ | 7,927 |  |  | $ | 285 |  |  | $ | 57 |  |  | $ | 0 |  |  | $ | 8,269 |
Assets | 6,602,242 |  |  | 39,599 |  |  | 17,779 |  |  | (11,330 | ) |  | 6,648,290 |
Goodwill | 64,369 |  |  | 19,711 |  |  | 8,211 |  |  | 0 |  |  | 92,291 |
Other intangibles, net | 5,170 |  |  | 3,812 |  |  | 281 |  |  | 0 |  |  | 9,263 |
Net loans and leases | 4,629,349 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 4,629,349 |
Deposits | 4,848,654 |  |  | 0 |  |  | 0 |  |  | (10,847 | ) |  | 4,837,807 |
Total equity | 530,386 |  |  | 31,083 |  |  | 14,733 |  |  | 0 |  |  | 576,202 |
As of and for the year ended December 31, 2016
(in thousands) | Banking |  | Insurance |  | Wealth Management |  | Intercompany & Merger |  | Consolidated
Interest income | $ | 202,739 |  |  | $ | 2 |  |  | $ | 0 |  |  | $ | (2 | ) |  | $ | 202,739 |
Interest expense | 22,105 |  |  | 0 |  |  | 0 |  |  | (2 | ) |  | 22,103 |
Net interest income | 180,634 |  |  | 2 |  |  | 0 |  |  | 0 |  |  | 180,636 |
Provision for loan and lease losses | 4,321 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 4,321 |
Noninterest income | 24,402 |  |  | 29,741 |  |  | 15,842 |  |  | (1,177 | ) |  | 68,808 |
Noninterest expense | 123,004 |  |  | 24,564 |  |  | 12,216 |  |  | (1,177 | ) |  | 158,607 |
Income before income tax expense | 77,711 |  |  | 5,179 |  |  | 3,626 |  |  | 0 |  |  | 86,516 |
Income tax expense | 23,928 |  |  | 1,906 |  |  | 1,211 |  |  | 0 |  |  | 27,045 |
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation | 53,783 |  |  | 3,273 |  |  | 2,415 |  |  | 0 |  |  | 59,471 |
Less: Net income attributable to noncontrolling interests | 131 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 131 |
Net Income attributable to Tompkins Financial Corporation | $ | 53,652 |  |  | $ | 3,273 |  |  | $ | 2,415 |  |  | $ | 0 |  |  | $ | 59,340 |
Depreciation and amortization | 6,401 |  |  | 353 |  |  | 75 |  |  | 0 |  |  | $ | 6,829 |
Assets | 6,190,824 |  |  | 38,988 |  |  | 15,403 |  |  | (8,459 | ) |  | 6,236,756 |
Goodwill | 64,369 |  |  | 20,043 |  |  | 8,211 |  |  | 0 |  |  | 92,623 |
Other intangibles, net | 6,433 |  |  | 4,560 |  |  | 356 |  |  | 0 |  |  | 11,349 |
Net loans and leases | 4,222,278 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 4,222,278 |
Deposits | 4,633,527 |  |  | 0 |  |  | 0 |  |  | (8,388 | ) |  | 4,625,139 |
Total equity | 506,411 |  |  | 30,825 |  |  | 12,169 |  |  | 0 |  |  | 549,405 |
Unaudited Quarterly Financial Data
| 2018
(in thousands) | First |  | Second |  | Third |  | Fourth
Interest and dividend income | $ | 60,140 |  |  | $ | 62,143 |  |  | $ | 63,984 |  |  | $ | 65,325 |
Interest expense | 7,453 |  |  | 9,429 |  |  | 10,821 |  |  | 12,089 |
Net interest income | 52,687 |  |  | 52,714 |  |  | 53,163 |  |  | 53,236 |
Provision for loan and lease losses | 567 |  |  | 1,045 |  |  | 272 |  |  | 2,058 |
Income before income taxes | 26,229 |  |  | 27,842 |  |  | 26,361 |  |  | 23,808 |
Net income | 20,436 |  |  | 22,059 |  |  | 20,902 |  |  | 18,911 |
Net income per common share (basic) | 1.34 |  |  | 1.44 |  |  | 1.37 |  |  | 1.24 |
Net income per common share (diluted) | 1.33 |  |  | 1.43 |  |  | 1.36 |  |  | 1.23 |
Unaudited Quarterly Financial Data
| 2017
(in thousands) | First |  | Second |  | Third |  | Fourth
Interest and dividend income | $ | 53,621 |  |  | $ | 56,342 |  |  | $ | 57,772 |  |  | $ | 59,029 |
Interest expense | 5,587 |  |  | 6,041 |  |  | 6,772 |  |  | 7,060 |
Net interest income | 48,034 |  |  | 50,301 |  |  | 51,000 |  |  | 51,969 |
Provision for loan and lease losses | 769 |  |  | 976 |  |  | 402 |  |  | 2,014 |
Income before income taxes | 23,137 |  |  | 25,207 |  |  | 25,917 |  |  | 20,981 |
Net income | 15,717 |  |  | 16,926 |  |  | 17,394 |  |  | 2,457 |
Net income per common share (basic) | 1.04 |  |  | 1.11 |  |  | 1.14 |  |  | 0.16 |
Net income per common share (diluted) | 1.03 |  |  | 1.11 |  |  | 1.14 |  |  | 0.16 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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