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Segment and Related Information
6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Segment and Related Information Segment and Related Information
 
The Company manages its operations through three reportable business segments in accordance with the standards set forth in FASB ASC 280, “Segment Reporting”: (i) banking (“Banking”), (ii) insurance (“Tompkins Insurance”) and (iii) wealth management (“Tompkins Financial Advisors”). The Company’s insurance services and wealth management services, other than trust services, are managed separately from the Banking segment.
 
Banking
The Banking segment is primarily comprised of the Company’s four banking subsidiaries: Tompkins Trust Company, a commercial bank with thirteen banking offices located in Ithaca, NY and surrounding communities; The Bank of Castile (DBA Tompkins Bank of Castile), a commercial bank with sixteen banking offices located in the Genesee Valley region of New York State as well as Monroe County; Mahopac Bank (DBA Tompkins Mahopac Bank), a commercial bank with fourteen full-service banking offices located in the counties north of New York City; and VIST Bank (DBA Tompkins VIST Bank), a banking organization with twenty banking offices headquartered and operating in the areas surrounding southeastern Pennsylvania. As described above in greater detail in Note 1 - "Business", the Company's subsidiary banks have announced plans for a rebranding effort, subject to regulatory approval, pursuant to which the Company's four wholly-owned banking subsidiaries will be combined into one bank which will conduct business under the "Tompkins" brand name, with a legal name of "Tompkins Community Bank."
 
Insurance
The Company provides property and casualty insurance services and employee benefits consulting through Tompkins Insurance Agencies, Inc., a 100% wholly-owned subsidiary of the Company, headquartered in Batavia, New York. Tompkins Insurance is an independent insurance agency, representing many major insurance carriers and provides employee benefit consulting to employers in Western and Central New York and Southeastern Pennsylvania, assisting them with their medical, group life insurance and group disability insurance. Tompkins Insurance has five stand-alone offices in Western New York.
 
Wealth Management
The Wealth Management segment is generally organized under the Tompkins Financial Advisors brand. Tompkins Trust Company, under the Tompkins Financial Advisors brand offers a comprehensive suite of financial services to customers, including trust and estate services, investment management and financial and insurance planning for individuals, corporate executives, small business owners and high net worth individuals. Tompkins Financial Advisors has offices in each of the Company’s four subsidiary banks. 
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 2020 Annual Report on Form 10-K.
 
As of and for the three months ended June 30, 2021
(In thousands)BankingInsuranceWealth ManagementIntercompanyConsolidated
Interest income$59,843 $$$(8)$59,835 
Interest expense4,997 (8)4,989 
Net interest income54,846 54,846 
(Credit) provision for credit loss expense(3,071)(3,071)
Noninterest income6,447 8,163 4,808 (560)18,858 
Noninterest expense37,879 6,760 3,363 (560)47,442 
Income before income tax expense26,485 1,403 1,445 29,333 
Income tax expense5,729 401 341 6,471 
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation20,756 1,002 1,104 22,862 
Less:  Net income attributable to noncontrolling interests31 31 
Net Income attributable to Tompkins Financial Corporation$20,725 $1,002 $1,104 $$22,831 
Depreciation and amortization$2,527 $55 $14 $$2,596 
Assets7,987,751 46,590 30,435 (76,568)7,988,208 
Goodwill64,370 19,866 8,211 92,447 
Other intangibles, net1,994 2,201 79 4,274 
Net loans and leases5,127,624 5,127,624 
Deposits6,851,924 (14,924)6,837,000 
Total Equity667,007 33,101 28,145 728,253 
As of and for the three months ended June 30, 2020
(In thousands)BankingInsuranceWealth
Management
IntercompanyConsolidated
Interest income$63,445 $$$(1)$63,445 
Interest expense7,080 (1)7,079 
Net interest income56,365 56,366 
Provision for credit loss expense877 877 
Noninterest income6,248 7,360 4,095 (526)17,177 
Noninterest expense36,484 6,358 3,347 (526)45,663 
Income before income tax expense25,252 1,003 748 27,003 
Income tax expense5,113 260 167 5,540 
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation20,139 743 581 21,463 
Less:  Net income attributable to noncontrolling interests32 32 
Net Income attributable to Tompkins Financial  Corporation$20,107 $743 $581 $$21,431 
Depreciation and amortization$2,484 $57 $10 $$2,551 
Assets7,528,501 42,215 25,474 (14,134)7,582,056 
Goodwill64,585 19,866 7,996 92,447 
Other intangibles, net2,758 2,623 119 5,500 
Net loans and leases5,372,203 5,372,203 
Deposits6,391,034 (13,513)6,377,521 
Total Equity643,139 31,567 23,323 698,029 

As of and for the six months ended June 30, 2021
(In thousands)BankingInsuranceWealth
Management
IntercompanyConsolidated
Interest income$119,597 $$$(9)$119,590 
Interest expense9,716 (9)9,707 
Net interest income109,881 109,883 
(Credit) provision for credit loss expense(4,901)(4,901)
Noninterest income12,759 17,581 9,591 (1,090)38,841 
Noninterest expense73,206 13,197 6,640 (1,090)91,953 
Income before income tax expense54,335 4,386 2,951 61,672 
Income tax expense11,243 1,203 705 13,151 
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation43,092 3,183 2,246 48,521 
Less:  Net income attributable to noncontrolling interests64 64 
Net Income attributable to Tompkins Financial Corporation$43,028 $3,183 $2,246 $$48,457 
Depreciation and amortization$4,965 $110 $27 $$5,102 
As of and for the six months ended June 30, 2020
(In thousands)BankingInsuranceWealth
Management
IntercompanyConsolidated
Interest income$126,644 $$$(2)$126,644 
Interest expense17,311 (2)17,309 
Net interest income109,333 $109,335 
Provision for credit loss expense17,636 17,636 
Noninterest income13,241 15,510 8,469 (1,083)36,137 
Noninterest expense72,709 12,920 6,392 (1,083)90,938 
Income before income tax expense32,229 2,592 2,077 $36,898 
Income tax expense6,269 691 489 7,449 
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation25,960 1,901 1,588 $29,449 
Less:  Net income attributable to noncontrolling interests69 69 
Net Income attributable to Tompkins Financial Corporation$25,891 $1,901 $1,588 $$29,380 
Depreciation and amortization$4,969 $116 $20 $$5,105