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Segment and Related Information (Table)

9 Months Ended

Sep. 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 September 30, 2019
(In thousands)	Banking				Insurance				Wealth Management				Intercompany				Consolidated
Interest income	$	65,775			$	1			$	0			$	(1	)		$	65,775
Interest expense	12,620				0				0				(1		)		12,619
Net interest income	53,155				1				0				0				53,156
Provision for loan and lease losses	1,320				0				0				0				1,320
Noninterest income	7,134				8,620				4,310				(530		)		19,534
Noninterest expense	36,309				6,672				3,204				(530		)		45,655
Income before income tax expense	22,660				1,949				1,106				0				25,715
Income tax expense	4,669				526				283				0				5,478
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation	17,991				1,423				823				0				20,237
Less:  Net income attributable to noncontrolling interests	31				0				0				0				31
Net Income attributable to Tompkins Financial Corporation	$	17,960			$	1,423			$	823			$	0			$	20,206
Depreciation and amortization	$	2,483			$	56			$	10			$	0			$	2,549
Assets	6,575,073				42,753				23,497				(13,341		)		6,627,982
Goodwill	64,370				19,866				8,211				0				92,447
Other intangibles, net	3,472				3,011				164				0				6,647
Net loans and leases	4,815,702				0				0				0				4,815,702
Deposits	5,382,174				0				0				(12,184		)		5,369,990
Total Equity	605,572				33,116				21,177				0				659,865

As of and for the three months ended September 30, 2018
(In thousands)	Banking				Insurance				Wealth Management				Intercompany				Consolidated
Interest income	$	63,984			$	1			$	0			$	(1	)		$	63,984
Interest expense	10,822				0				0				(1		)		10,821
Net interest income	53,162				1				0				0				53,163
Provision for loan and lease losses	272				0				0				0				272
Noninterest income	6,777				7,998				4,345				(517		)		18,603
Noninterest expense	36,077				6,397				3,176				(517		)		45,133
Income before income tax expense	23,590				1,602				1,169				0				26,361
Income tax expense	4,737				422				268				0				5,427
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation	18,853				1,180				901				0				20,934
Less:  Net income attributable to noncontrolling interests	32				0				0				0				32
Net Income attributable to Tompkins Financial  Corporation	$	18,821			$	1,180			$	901			$	0			$	20,902
Depreciation and amortization	$	2,252			$	56			$	11			$	0			$	2,319
Assets	6,697,701				41,910				19,703				(12,354		)		6,746,960
Goodwill	64,370				19,702				8,211				0				92,283
Other intangibles, net	4,415				3,345				229				0				7,989
Net loans and leases	4,761,351				0				0				0				4,761,351
Deposits	5,036,934				0				0				(11,852		)		5,025,082
Total Equity	548,330				33,248				17,566				0				599,144

Nine months ended September 30, 2019
(In thousands)	Banking				Insurance				Wealth Management				Intercompany				Consolidated
Interest income	$	196,797			$	2			$	0			$	(3	)		$	196,796
Interest expense	39,410				0				0				(2		)		39,408
Net interest income	157,387				2				0				(1		)		157,388
Provision for loan and lease losses	2,366				0				0				0				2,366
Noninterest income	21,852				24,621				12,567				(1,579		)		57,461
Noninterest expense	108,704				19,279				9,529				(1,578		)		135,934
Income before income tax expense	68,169				5,344				3,038				(2		)		76,549
Income tax expense	13,650				1,418				748				0				15,816
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation	54,519				3,926				2,290				(2		)		60,733
Less:  Net income attributable to noncontrolling interests	95				0				0				0				95
Net Income attributable to Tompkins Financial Corporation	$	54,424			$	3,926			$	2,290			$	(2	)		$	60,638
Depreciation and amortization	$	7,296			$	168			$	31			$	0			$	7,495

Nine months ended September 30, 2018
(In thousands)	Banking				Insurance				Wealth Management				Intercompany				Consolidated
Interest income	$	186,267			$	2			$	0			$	(2	)		$	186,267
Interest expense	27,705				0				0				(2		)		27,703
Net interest income	158,562				2				0				0				$	158,564
Provision for loan and lease losses	1,884				0				0				0				1,884
Noninterest income	23,131				22,974				12,960				(1,474		)		57,591
Noninterest expense	107,120				18,918				9,275				(1,474		)		133,839
Income before income tax expense	72,689				4,058				3,685				0				$	80,432
Income tax expense	15,040				1,046				853				0				16,939
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation	57,649				3,012				2,832				0				$	63,493
Less:  Net income attributable to noncontrolling interests	96				0				0				0				96
Net Income attributable to Tompkins Financial Corporation	$	57,553			$	3,012			$	2,832			$	0			$	63,397
Depreciation and amortization	$	6,727			$	174			$	36			$	0			$	6,937

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.

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