Segment and Related Information (Tables)

3 Months Ended

Mar. 31, 2022

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 the bank and the holding company. All other accounting policies are the same as those described in the summary of significant accounting policies in the Company's 2021 Annual Report on Form 10-K.


Three months ended March 31, 2022
(In thousands)	Banking		Insurance		Wealth Management		Intercompany		Consolidated
Interest income	$	59,176	$	1	$	0	$	(1)	$	59,176
Interest expense	2,563		0		0		(1)		2,562
Net interest income	56,613		1		0		0		56,614
Credit for credit loss expense	(520)		0		0		0		(520)
Noninterest income	6,193		9,434		4,934		(576)		19,985
Noninterest expense	37,190		6,501		3,724		(576)		46,839
Income before income tax expense	26,136		2,934		1,210		0		30,280
Income tax expense	5,791		815		370		0		6,976
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation	20,345		2,119		840		0		23,304
Less: Net income attributable to noncontrolling interests	31		0		0		0		31
Net Income attributable to Tompkins Financial Corporation	$	20,314	$	2,119	$	840	$	0	$	23,273

Depreciation and amortization	$	2,578	$	44	$	28	$	0	$	2,650
Assets	7,835,767		44,247		26,684		(15,587)		7,891,111
Goodwill	64,500		19,866		8,081		0		92,447
Other intangibles, net	1,402		1,917		63		0		3,382
Net loans and leases	5,021,325		0		0		0		5,021,325
Deposits	7,031,223		0		(10)		(14,474)		7,016,739
Total Equity	$	598,707	$	34,128	$	24,657	$	0	$	657,492


Three months ended March 31, 2021
(In thousands)	Banking		Insurance		Wealth Management		Intercompany		Consolidated
Interest income	$	59,755	$	0	$	0	$	(1)	$	59,754
Interest expense	4,718		0		0		(1)		4,717
Net interest income	55,037		0		0		0		55,037
Credit for credit loss expense	(1,830)		0		0		0		(1,830)
Noninterest income	6,318		9,413		4,782		(530)		19,983
Noninterest expense	35,329		6,435		3,277		(530)		44,511
Income before income tax expense	27,856		2,978		1,505		0		32,339
Income tax expense	5,515		801		364		0		6,680
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation	22,341		2,177		1,141		0		25,659
Less: Net income attributable to noncontrolling interests	33		0		0		0		33
Net Income attributable to Tompkins Financial Corporation	$	22,308	$	2,177	$	1,141	$	0	$	25,626

Depreciation and amortization	$	2,436	$	56	$	14	$	0	$	2,506
Assets	8,038,864		43,084		29,091		(15,697)		8,095,342
Goodwill	64,370		19,866		8,211		0		92,447
Other intangibles, net	2,218		2,299		84		0		4,601
Net loans and leases	5,243,454		0		0		0		5,243,454
Deposits	6,961,266		0		0		(14,725)		6,946,541
Total Equity	$	650,326	$	32,569	$	27,041	$	0	$	709,936