XML 63 R4.htm IDEA: XBRL DOCUMENT v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
INTEREST AND DIVIDEND INCOME        
Loans $ 57,621 $ 54,769 $ 169,685 $ 158,419
Due from banks 11 8 31 22
Available-for-sale securities 6,511 7,448 22,055 22,821
Held-to-maturity securities 862 860 2,583 2,572
Federal Home Loan Bank and other stock 770 899 2,442 2,433
Total Interest and Dividend Income 65,775 63,984 196,796 186,267
INTEREST EXPENSE        
Time certificates of deposits of $250,000 or more 823 563 2,184 1,088
Other deposits 7,583 3,830 20,409 9,699
Federal funds purchased and securities sold under agreements to repurchase 34 35 110 115
Trust preferred debentures 317 318 974 904
Other borrowings 3,862 6,075 15,731 15,897
Total Interest Expense 12,619 10,821 39,408 27,703
Net Interest Income 53,156 53,163 157,388 158,564
Less: Provision for loan and lease losses 1,320 272 2,366 1,884
Net Interest Income After Provision for Loan and Lease Losses 51,836 52,891 155,022 156,680
NONINTEREST INCOME        
Insurance commissions and fees 8,517 7,903 24,314 22,684
Investment services income 4,175 4,097 12,166 12,365
Service charges on deposit accounts 2,191 2,088 6,210 6,300
Card services income 2,550 2,442 8,090 7,209
Other income 1,963 2,057 6,247 8,743
Net gain on securities transactions 138 16 434 290
Total Noninterest Income 19,534 18,603 57,461 57,591
NONINTEREST EXPENSE        
Salaries and wages 22,960 22,029 66,149 64,404
Other employee benefits 5,821 5,300 17,094 15,859
Net occupancy expense of premises 3,236 3,057 10,095 9,873
Furniture and fixture expense 1,919 1,814 5,894 5,461
Amortization of intangible assets 421 440 1,251 1,334
Other operating expense 11,298 12,493 35,451 36,908
Total Noninterest Expenses 45,655 45,133 135,934 133,839
Income Before Income Tax Expense 25,715 26,361 76,549 80,432
Income Tax Expense 5,478 5,427 15,816 16,939
Net Income Attributable to Noncontrolling Interests and Tompkins Financial Corporation 20,237 20,934 60,733 63,493
Less: Net Income Attributable to Noncontrolling Interests 31 32 95 96
Net Income Attributable to Tompkins Financial Corporation $ 20,206 $ 20,902 $ 60,638 $ 63,397
Basic Earnings Per Share (in dollars per share) $ 1.34 $ 1.37 $ 3.99 $ 4.15
Diluted Earnings Per Share (in dollars per share) $ 1.34 $ 1.36 $ 3.97 $ 4.12