XML 16 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
INTEREST AND DIVIDEND INCOME        
Loans $ 56,133 $ 56,740 $ 111,747 $ 112,064
Due from banks 1 10 7 20
Available-for-sale debt securities 6,922 7,686 14,066 15,544
Held-to-maturity securities 0 863 0 1,721
Federal Home Loan Bank and other stock 389 794 824 1,672
Interest income 63,445 66,093 126,644 131,021
INTEREST EXPENSE        
Time certificates of deposits of $250,000 or more 860 774 1,703 1,360
Other deposits 3,917 6,816 10,272 12,827
Federal funds purchased and securities sold under agreements to repurchase 21 33 57 77
Trust preferred debentures 253 327 542 656
Other borrowings 2,028 5,825 4,735 11,869
Total Interest Expense 7,079 13,775 17,309 26,789
Net Interest Income 56,366 52,318 109,335 104,232
Less: Provision (credit) for credit loss expense (348) 601 15,946 1,046
Net Interest Income After Provision for Credit Loss Expense 56,714 51,717 93,389 103,186
NONINTEREST INCOME        
Insurance commissions and fees 7,255 7,752 15,300 15,797
Investment services income 3,920 3,907 8,122 7,991
Service charges on deposit accounts 1,248 2,021 3,231 4,019
Card services income 2,283 2,750 4,466 5,540
Other income 2,466 1,806 4,570 4,284
Net gain on securities transactions 5 284 448 296
Total Noninterest Income 17,177 18,520 36,137 37,927
NONINTEREST EXPENSE        
Salaries and wages 23,037 22,088 45,531 43,189
Other employee benefits 5,886 5,662 11,570 11,273
Net occupancy expense of premises 3,040 3,258 6,368 6,859
Furniture and fixture expense 1,888 1,996 3,873 3,975
Amortization of intangible assets 375 418 749 830
Other operating expense 12,662 12,648 24,537 24,153
Total Noninterest Expenses 46,888 46,070 92,628 90,279
Income Before Income Tax Expense 27,003 24,167 36,898 50,834
Income Tax Expense 5,540 4,743 7,449 10,338
Net Income Attributable to Noncontrolling Interests and Tompkins Financial Corporation 21,463 19,424 29,449 40,496
Less: Net Income Attributable to Noncontrolling Interests 32 32 69 64
Net Income Attributable to Tompkins Financial Corporation $ 21,431 $ 19,392 $ 29,380 $ 40,432
Basic Earnings Per Share (in dollars per share) $ 1.44 $ 1.27 $ 1.97 $ 2.64
Diluted Earnings Per Share (in dollars per share) $ 1.44 $ 1.27 $ 1.97 $ 2.63