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Segment and Related Information (Table)

9 Months Ended

Sep. 30, 2022

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 2021 Annual Report on Form 10-K.

Three Months Ended September 30, 2022
(In thousands)			Banking			Insurance			Wealth Management			Intercompany			Consolidated
Interest income			$	63,670		$	1		$	0		$	(1)		$	63,670
Interest expense			5,560			0			0			(1)			5,559
Net interest income			58,110			1			0			0			58,111
Credit for credit loss expense			1,056			0			0			0			1,056
Noninterest income			5,973			10,953			4,342			(576)			20,692
Noninterest expense			39,448			7,178			3,552			(576)			49,602
Income before income tax expense			23,579			3,776			790			0			28,145
Income tax expense			5,528			1,052			194			0			6,774
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation			18,051			2,724			596			0			21,371
Less: Net income attributable to noncontrolling interests			31			0			0			0			31
Net Income attributable to Tompkins Financial Corporation			$	18,020		$	2,724		$	596		$	0		$	21,340
Depreciation and amortization			$	2,652		$	44		$	36		$	0		$	2,732
Assets			7,721,022			46,807			28,761			(16,649)			7,779,941
Goodwill			64,655			19,866			8,081			0			92,602
Other intangibles, net			1,137			1,742			53			0			2,932
Net loans and leases			5,163,664			0			0			0			5,163,664
Deposits			6,954,839			0			(1,974)			(16,139)			6,936,726
Total Equity			511,298			35,625			26,036			0			572,959

Three Months Ended September 30, 2021
(In thousands)			Banking			Insurance			Wealth Management			Intercompany			Consolidated
Interest income			$	61,110		$	8		$	0		$	(4)		$	61,114
Interest expense			5,020			0			0			(4)			5,016
Net interest income			56,090			8			0			0			56,098
Credit for credit loss expense			(1,232)			0			0			0			(1,232)
Noninterest income			6,416			9,950			5,047			(559)			20,854
Noninterest expense			40,587			6,846			3,306			(559)			50,180
Income before income tax expense			23,151			3,112			1,741			0			28,004
Income tax expense			5,351			855			424			0			6,630
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation			17,800			2,257			1,317			0			21,374
Less: Net income attributable to noncontrolling interests			32			0			0			0			32
Net Income attributable to Tompkins Financial Corporation			$	17,768		$	2,257		$	1,317		$	0		$	21,342
Depreciation and amortization			$	2,528		$	52		$	14		$	0		$	2,594
Assets			8,051,446			45,855			32,257			(16,448)			8,113,110
Goodwill			64,370			19,866			8,211			0			92,447
Other intangibles, net			1,814			2,102			73			0			3,989
Net loans and leases			5,050,519			0			0			0			5,050,519
Deposits			7,105,651			0			0			(14,753)			7,090,898
Total Equity			659,365			33,529			29,463			0			722,357

Nine Months Ended September 30, 2022
(In thousands)			Banking			Insurance			Wealth Management			Intercompany			Consolidated
Interest income			$	183,798		$	4		$	0		$	(3)		$	183,799
Interest expense			10,815			0			0			(3)			10,812
Net interest income			172,983			4			0			0			172,987
Provision for credit loss expense			1,392			0			0			0			1,392
Noninterest income			18,495			28,959			13,874			(1,707)			59,621
Noninterest expense			116,031			20,492			10,745			(1,707)			145,561
Income before income tax expense			74,055			8,471			3,129			0			85,655
Income tax expense			16,948			2,361			770			0			20,079
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation			57,107			6,110			2,359			0			65,576
Less: Net income attributable to noncontrolling interests			94			0			0			0			94
Net Income attributable to Tompkins Financial Corporation			$	57,013		$	6,110		$	2,359		$	0		$	65,482
Depreciation and amortization			$	7,745		$	132		$	100		$	0		$	7,977

Nine Months Ended September 30, 2021
(In thousands)			Banking			Insurance			Wealth Management			Intercompany			Consolidated
Interest income			$	180,708		$	10		$	0		$	(14)		$	180,704
Interest expense			14,737			0			0			(14)			14,723
Net interest income			165,971			10			0			0			165,981
Credit for credit loss expense			(6,133)			0			0			0			(6,133)
Noninterest income			19,175			27,531			14,638			(1,649)			59,695
Noninterest expense			113,792			20,044			9,946			(1,649)			142,133
Income before income tax expense			77,487			7,497			4,692			0			89,676
Income tax expense			16,595			2,057			1,129			0			19,781
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation			60,892			5,440			3,563			0			69,895
Less: Net income attributable to noncontrolling interests			96			0			0			0			96
Net Income attributable to Tompkins Financial Corporation			$	60,796		$	5,440		$	3,563		$	0		$	69,799
Depreciation and amortization			$	7,493		$	162		$	41		$	0		$	7,696

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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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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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