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Segment and Related Information (Table)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

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, 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)			Banking			Insurance			Wealth Management			Intercompany			Consolidated
Interest income			$	59,843		$	0		$	0		$	(8)		$	59,835
Interest expense			4,997			0			0			(8)			4,989
Net interest income			54,846			0			0			0			54,846
(Credit) provision for credit loss expense			(3,071)			0			0			0			(3,071)
Noninterest income			6,447			8,163			4,808			(560)			18,858
Noninterest expense			37,879			6,760			3,363			(560)			47,442
Income before income tax expense			26,485			1,403			1,445			0			29,333
Income tax expense			5,729			401			341			0			6,471
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation			20,756			1,002			1,104			0			22,862
Less:  Net income attributable to noncontrolling interests			31			0			0			0			31
Net Income attributable to Tompkins Financial Corporation			$	20,725		$	1,002		$	1,104		$	0		$	22,831
Depreciation and amortization			$	2,527		$	55		$	14		$	0		$	2,596
Assets			7,987,751			46,590			30,435			(76,568)			7,988,208
Goodwill			64,370			19,866			8,211			0			92,447
Other intangibles, net			1,994			2,201			79			0			4,274
Net loans and leases			5,127,624			0			0			0			5,127,624
Deposits			6,851,924			0			0			(14,924)			6,837,000
Total Equity			667,007			33,101			28,145			0			728,253

As of and for the three months ended June 30, 2020
(In thousands)			Banking			Insurance			Wealth Management			Intercompany			Consolidated
Interest income			$	63,445		$	1		$	0		$	(1)		$	63,445
Interest expense			7,080			0			0			(1)			7,079
Net interest income			56,365			1			0			0			56,366
Provision for credit loss expense			877			0			0			0			877
Noninterest income			6,248			7,360			4,095			(526)			17,177
Noninterest expense			36,484			6,358			3,347			(526)			45,663
Income before income tax expense			25,252			1,003			748			0			27,003
Income tax expense			5,113			260			167			0			5,540
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation			20,139			743			581			0			21,463
Less:  Net income attributable to noncontrolling interests			32			0			0			0			32
Net Income attributable to Tompkins Financial  Corporation			$	20,107		$	743		$	581		$	0		$	21,431
Depreciation and amortization			$	2,484		$	57		$	10		$	0		$	2,551
Assets			7,528,501			42,215			25,474			(14,134)			7,582,056
Goodwill			64,585			19,866			7,996			0			92,447
Other intangibles, net			2,758			2,623			119			0			5,500
Net loans and leases			5,372,203			0			0			0			5,372,203
Deposits			6,391,034			0			0			(13,513)			6,377,521
Total Equity			643,139			31,567			23,323			0			698,029

As of and for the six months ended June 30, 2021
(In thousands)			Banking			Insurance			Wealth Management			Intercompany			Consolidated
Interest income			$	119,597		$	2		$	0		$	(9)		$	119,590
Interest expense			9,716			0			0			(9)			9,707
Net interest income			109,881			2			0			0			109,883
(Credit) provision for credit loss expense			(4,901)			0			0			0			(4,901)
Noninterest income			12,759			17,581			9,591			(1,090)			38,841
Noninterest expense			73,206			13,197			6,640			(1,090)			91,953
Income before income tax expense			54,335			4,386			2,951			0			61,672
Income tax expense			11,243			1,203			705			0			13,151
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation			43,092			3,183			2,246			0			48,521
Less:  Net income attributable to noncontrolling interests			64			0			0			0			64
Net Income attributable to Tompkins Financial Corporation			$	43,028		$	3,183		$	2,246		$	0		$	48,457
Depreciation and amortization			$	4,965		$	110		$	27		$	0		$	5,102

As of and for the six months ended June 30, 2020
(In thousands)			Banking			Insurance			Wealth Management			Intercompany			Consolidated
Interest income			$	126,644		$	2		$	0		$	(2)		$	126,644
Interest expense			17,311			0			0			(2)			17,309
Net interest income			109,333			2			0			0			$	109,335
Provision for credit loss expense			17,636			0			0			0			17,636
Noninterest income			13,241			15,510			8,469			(1,083)			36,137
Noninterest expense			72,709			12,920			6,392			(1,083)			90,938
Income before income tax expense			32,229			2,592			2,077			0			$	36,898
Income tax expense			6,269			691			489			0			7,449
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation			25,960			1,901			1,588			0			$	29,449
Less:  Net income attributable to noncontrolling interests			69			0			0			0			69
Net Income attributable to Tompkins Financial Corporation			$	25,891		$	1,901		$	1,588		$	0		$	29,380
Depreciation and amortization			$	4,969		$	116		$	20		$	0		$	5,105

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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