XML 45 R33.htm IDEA: XBRL DOCUMENT v3.19.2

Segment and Related Information (Table)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Schedule of segment and related information

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, insurance and wealth management 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 the summary of significant accounting policies in the 2018 Annual Report on Form 10-K.

As of and for the three months ended June 30, 2019
(In thousands)	Banking				Insurance				Wealth Management				Intercompany				Consolidated
Interest income	$	66,092			$	1			$	0			$	0			$	66,093
Interest expense	13,775				0				0				0				13,775
Net interest income	52,317				1				0				0				52,318
Provision for loan and lease losses	601				0				0				0				601
Noninterest income	7,150				7,853				4,059				(542		)		18,520
Noninterest expense	37,067				6,331				3,214				(542		)		46,070
Income before income tax expense	21,799				1,523				845				0				24,167
Income tax expense	4,148				401				194				0				4,743
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation	17,651				1,122				651				0				19,424
Less:  Net income attributable to noncontrolling interests	32				0				0				0				32
Net Income attributable to Tompkins Financial Corporation	$	17,619			$	1,122			$	651			$	0			$	19,392
Depreciation and amortization	$	2,400			$	56			$	10			$	0			$	2,466
Assets	6,602,541				42,163				22,541				(12,855		)		6,654,390
Goodwill	64,370				19,866				8,211				0				92,447
Other intangibles, net	3,750				3,162				180				0				7,092
Net loans and leases	4,815,012				0				0				0				4,815,012
Deposits	5,001,210				0				0				(12,313		)		4,988,897
Total Equity	605,031				32,293				20,353				0				657,677

As of and for the three months ended June 30, 2018
(In thousands)	Banking				Insurance				Wealth Management				Intercompany				Consolidated
Interest income	$	62,143			$	1			$	0			$	(1	)		$	62,143
Interest expense	9,430				0				0				(1		)		9,429
Net interest income	52,713				1				0				0				52,714
Provision for loan and lease losses	1,045				0				0				0				1,045
Noninterest income	9,943				7,488				4,207				(480		)		21,158
Noninterest expense	36,287				6,282				2,896				(480		)		44,985
Income before income tax expense	25,324				1,207				1,311				0				27,842
Income tax expense	5,173				274				304				0				5,751
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation	20,151				933				1,007				0				22,091
Less:  Net income attributable to noncontrolling interests	32				0				0				0				32
Net Income attributable to Tompkins Financial  Corporation	$	20,119			$	933			$	1,007			$	0			$	22,059
Depreciation and amortization	$	2,075			$	57			$	13			$	0			$	2,145
Assets	6,695,931				41,304				18,815				(10,250		)		6,745,800
Goodwill	64,370				19,702				8,211				0				92,283
Other intangibles, net	4,595				3,500				247				0				8,342
Net loans and leases	4,749,968				0				0				0				4,749,968
Deposits	4,803,044				0				0				(10,815		)		4,792,229
Total Equity	541,373				32,611				16,665				0				590,649

Six months ended June 30, 2019
(In thousands)	Banking				Insurance				Wealth Management				Intercompany				Consolidated
Interest income	$	131,022			$	1			$	0			$	(2	)		$	131,021
	26,791				0				0				(2		)		26,789
Net interest income	104,231				1				0				0				104,232
Provision for loan and lease losses	1,046				0				0				0				1,046
Noninterest income	14,718				16,001				8,257				(1,049		)		37,927
Noninterest expense	72,395				12,607				6,326				(1,049		)		90,279
Income before income tax expense	45,508				3,395				1,931				0				50,834
Income tax expense	8,982				891				465				0				10,338
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation	36,526				2,504				1,466				0				40,496
Less:  Net income attributable to noncontrolling interests	64				0				0				0				64
Net Income attributable to Tompkins Financial Corporation	$	36,462			$	2,504			$	1,466			$	0			$	40,432
Depreciation and amortization	$	4,813			$	112			$	21			$	0			$	4,946

Six months ended June 30, 2018
(In thousands)	Banking				Insurance				Wealth Management				Intercompany				Consolidated
Interest income	$	122,283			$	1			$	0			$	(1	)		$	122,283
Interest expense	16,883				0				0				(1		)		16,882
Net interest income	105,400				1				0				0				$	105,401
Provision for loan and lease losses	1,612				0				0				0				1,612
Noninterest income	16,354				14,976				8,615				(957		)		38,988
Noninterest expense	71,044				12,521				6,098				(957		)		88,706
Income before income tax expense	49,098				2,456				2,517				0				$	54,071
Income tax expense	10,303				624				585				0				11,512
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation	38,795				1,832				1,932				0				$	42,559
Less:  Net income attributable to noncontrolling interests	64				0				0				0				64
Net Income attributable to Tompkins Financial Corporation	$	38,731			$	1,832			$	1,932			$	0			$	42,495
Depreciation and amortization	$	4,475			$	118			$	25			$	0			$	4,618

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration