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Condensed Parent Company Only Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Schedule of condensed statements of condition | Condensed financial statements for Tompkins (the Parent Company) are presented below.
Condensed Statements of Condition | As of | As of
(In thousands) | 12/31/2022 | 12/31/2021
Assets |  |
Cash | $ | 28,543 |  | $ | 18,691 |
Investment in subsidiaries | 587,032 |  | 705,723 |
Other | 1,344 |  | 4,032 |
Total Assets | $ | 616,920 |  | $ | 728,446 |
Liabilities and Shareholders’ Equity |  |
Other liabilities | 942 |  | 917 |
Tompkins Financial Corporation Shareholders’ Equity | 615,978 |  | 727,529 |
Total Liabilities and Shareholders’ Equity | $ | 616,920 |  | $ | 728,446 |
Schedule of condensed statements of income |
Condensed Statements of Income | Year ended December 31,
(In thousands) | 2022 | 2021 | 2020
Dividends received from subsidiaries | $ | 62,559 |  | $ | 81,408 |  | $ | 60,818 |
Other income | 147 |  | 279 |  | 52 |
Total Operating Income | $ | 62,706 |  | $ | 81,687 |  | $ | 60,870 |
Interest expense | 0 |  | 2,232 |  | 1,241 |
Other expenses | 11,295 |  | 9,039 |  | 9,184 |
Total Operating Expenses | $ | 11,295 |  | $ | 11,271 |  | $ | 10,425 |
Income Before Taxes and Equity in Undistributed |  |  |
Earnings of Subsidiaries | 51,411 |  | 70,416 |  | 50,445 |
Income tax benefit | 2,841 |  | 2,068 |  | 2,160 |
Equity in undistributed earnings of subsidiaries | 30,778 |  | 16,780 |  | 24,983 |
Net Income | $ | 85,030 |  | $ | 89,264 |  | $ | 77,588 |
Schedule of condensed statements of cash flows |
Condensed Statements of Cash Flows | Year ended December 31,
(In thousands) | 2022 | 2021 | 2020
Operating activities |  |  |
Net income | $ | 85,030 | $ | 89,264 | $ | 77,588
Adjustments to reconcile net income to net cash provided by operating activities
Equity in undistributed earnings of subsidiaries | (30,778) |  | (16,780) |  | (24,983) |
Other, net | 3,561 |  | 4,126 |  | (1,541) |
Net Cash Provided by Operating Activities | 57,813 |  | 76,610 |  | 51,064 |
Investing activities |  |  |
Repayment of investments in and advances to subsidiaries | 350 | 0 | 0
Other, net | 29 |  | (76) |  | (100) |
Net Cash Provided by (Used in) Investing Activities | 379 |  | (76) |  | (100) |
Financing activities |  |  |
Borrowings, net | 0 |  | 0 |  | (4,000) |
Cash dividends | (33,565) |  | (32,415) |  | (31,359) |
Repurchase of common shares | (15,430) |  | (23,773) |  | (9,414) |
Redemption of trust preferred debentures | 0 |  | (15,150) |  | (4,124) |
Net proceeds from restricted stock awards | (1,758) |  | (2,292) |  | (1,682) |
Shares issued for dividend reinvestment plan | 0 |  | 2 |  | 1,825 |
Shares issued for employee stock ownership plan | 2,951 |  | 0 |  | 0 |
Net proceeds from exercise of stock options | (538) |  | (803) |  | (253) |
Net Cash Used in Financing Activities | (48,340) |  | (74,431) |  | (49,007) |
Net increase in cash | 9,852 |  | 2,103 |  | 1,957 |
Cash at beginning of year | 18,691 |  | 16,588 |  | 14,631 |
Cash at End of Year | $ | 28,543 |  | $ | 18,691 |  | $ | 16,588 |

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