Segment and Related Information (Tables)

12 Months Ended

Dec. 31, 2019

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 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, 2019
(In thousands)	Banking		Insurance		Wealth Management		Intercompany			Consolidated
Interest income	$	261,378	$	3	$	0	$	(3	)	$	261,378
Interest expense	50,753		0		0		(3		)	50,750
Net interest income	210,625		3		0		0			210,628
Provision for loan and lease losses	1,366		0		0		0			1,366
Noninterest income	29,054		31,501		17,001		(2,123		)	75,433
Noninterest expense	145,102		25,908		12,947		(2,123		)	181,834
Income before income tax expense	93,211		5,596		4,054		0			102,861
Income tax expense	18,598		1,426		992		0			21,016
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation	74,613		4,170		3,062		0			81,845
Less: Net income attributable to noncontrolling interests	127		0		0		0			127
Net Income attributable to Tompkins Financial Corporation	$	74,486	$	4,170	$	3,062	$	0		$	81,718

Depreciation and amortization	$	9,778	$	225	$	41	$	0		$	10,044
Assets	6,671,409		41,841		24,313		(11,940		)	6,725,623
Goodwill	64,370		19,866		8,211		0			92,447
Other intangibles, net	3,215		2,860		148		0			6,223
Net loans and leases	4,877,658		0		0		0			4,877,658
Deposits	5,223,893		0		0		(10,972		)	5,212,921
Total equity	608,901		32,204		21,949		0			663,054



As of and for the year ended December 31, 2018
(In thousands)	Banking		Insurance		Wealth Management		Intercompany & Merger			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

Quarterly financial information



Unaudited Quarterly Financial Data
	2019
(in thousands)	First		Second		Third		Fourth
Interest and dividend income	$	64,927	$	66,093	$	65,775	$	64,583
Interest expense	13,013		13,775		12,619		11,343
Net interest income	51,914		52,318		53,156		53,240
Provision for loan and lease losses	445		601		1,320		(1,000		)
Income before income taxes	26,667		24,167		25,715		26,312
Net income	21,040		19,392		20,206		21,080
Net income per common share (basic)	1.37		1.28		1.34		1.41
Net income per common share (diluted)	1.37		1.27		1.34		1.40



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