XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
INTEREST AND DIVIDEND INCOME    
Loans $ 54,206 $ 55,614
Due from banks 85 6
Available-for-sale debt securities 5,250 7,144
Federal Home Loan Bank and other stock 213 435
Total Interest and Dividend Income 59,754 63,199
INTEREST EXPENSE    
Time certificates of deposits of $250,000 or more 639 843
Other deposits 2,511 6,356
Federal funds purchased and securities sold under agreements to repurchase 16 36
Trust preferred debentures 175 289
Other borrowings 1,376 2,706
Total Interest Expense 4,717 10,230
Net Interest Income 55,037 52,969
Less: (Credit) provision for credit loss expense (2,510) 16,294
Net Interest Income After Provision for Credit Loss Expense 57,547 36,675
NONINTEREST INCOME    
Insurance commissions and fees 9,166 8,045
Investment services income 4,673 4,202
Service charges on deposit accounts 1,470 1,983
Card services income 2,383 2,183
Other income 1,974 2,104
Net gain on securities transactions 317 443
Total Noninterest Income 19,983 18,960
NONINTEREST EXPENSE    
Salaries and wages 22,660 22,494
Other employee benefits 5,484 5,684
Net occupancy expense of premises 3,462 3,328
Furniture and fixture expense 1,950 1,985
Amortization of intangible assets 330 374
Other operating expense 11,305 11,875
Total Noninterest Expenses 45,191 45,740
Income Before Income Tax Expense 32,339 9,895
Income Tax Expense 6,680 1,909
Net Income Attributable to Noncontrolling Interests and Tompkins Financial Corporation 25,659 7,986
Less: Net Income Attributable to Noncontrolling Interests 33 37
Net Income Attributable to Tompkins Financial Corporation $ 25,626 $ 7,949
Basic Earnings Per Share (in dollars per share) $ 1.73 $ 0.53
Diluted Earnings Per Share (in dollars per share) $ 1.72 $ 0.53