XML 69 R53.htm IDEA: XBRL DOCUMENT v3.22.4
Condensed Parent Company Only Financial Statements (Tables)
 12 Months Ended
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)12/31/202212/31/2021
Assets
Cash$28,543 $18,691 
Investment in subsidiaries587,032 705,723 
Other1,344 4,032 
Total Assets$616,920 $728,446 
Liabilities and Shareholders’ Equity
Other liabilities942 917 
Tompkins Financial Corporation Shareholders’ Equity615,978 727,529 
Total Liabilities and Shareholders’ Equity$616,920 $728,446 
Schedule of condensed statements of income
Condensed Statements of IncomeYear ended December 31,
(In thousands)202220212020
Dividends received from subsidiaries$62,559 $81,408 $60,818 
Other income147 279 52 
Total Operating Income$62,706 $81,687 $60,870 
Interest expense0 2,232 1,241 
Other expenses11,295 9,039 9,184 
Total Operating Expenses$11,295 $11,271 $10,425 
Income Before Taxes and Equity in Undistributed
Earnings of Subsidiaries51,411 70,416 50,445 
Income tax benefit2,841 2,068 2,160 
Equity in undistributed earnings of subsidiaries30,778 16,780 24,983 
Net Income$85,030 $89,264 $77,588 
Schedule of condensed statements of cash flows
Condensed Statements of Cash FlowsYear ended December 31,
(In thousands)202220212020
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, net3,561 4,126 (1,541)
Net Cash Provided by Operating Activities57,813 76,610 51,064 
Investing activities
Repayment of investments in and advances to subsidiaries35000
Other, net29 (76)(100)
Net Cash Provided by (Used in) Investing Activities379 (76)(100)
Financing activities
Borrowings, net0 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 debentures0 (15,150)(4,124)
Net proceeds from restricted stock awards(1,758)(2,292)(1,682)
Shares issued for dividend reinvestment plan0 2 1,825 
Shares issued for employee stock ownership plan2,951 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 cash9,852 2,103 1,957 
Cash at beginning of year18,691 16,588 14,631 
Cash at End of Year$28,543 $18,691 $16,588