XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
INTEREST AND DIVIDEND INCOME    
Loans $ 60,842 $ 51,131
Due from banks 139 41
Available-for-sale debt securities 6,743 6,770
Held-to-maturity securities 1,214 1,129
Federal Home Loan Bank and other stock 300 105
Total Interest and Dividend Income 69,238 59,176
INTEREST EXPENSE    
Time certificates of deposits of $250,000 or more 1,788 426
Other deposits 10,394 1,620
Federal funds purchased and securities sold under agreements to repurchase 14 16
Other borrowings 2,796 500
Total Interest Expense 14,992 2,562
Net Interest Income 54,246 56,614
Less: (Credit) for credit loss expense (825) (520)
Net Interest Income After Credit for Credit Loss Expense 55,071 57,134
NONINTEREST INCOME    
Insurance commissions and fees 9,509 9,317
Wealth management fees 4,509 4,917
Service charges on deposit accounts 1,746 1,779
Card services income 2,682 2,543
Other income 1,941 1,476
Net gain (loss) on securities transactions 13 (47)
Total Noninterest Income 20,400 19,985
NONINTEREST EXPENSE    
Salaries and wages 24,512 23,272
Other employee benefits 6,741 5,797
Net occupancy expense of premises 3,299 3,541
Furniture and fixture expense 2,054 1,991
Amortization of intangible assets 83 218
Other operating expense 13,469 12,020
Total Noninterest Expenses 50,158 46,839
Income Before Income Tax Expense 25,313 30,280
Income Tax Expense 5,901 6,976
Net Income Attributable to Noncontrolling Interests and Tompkins Financial Corporation 19,412 23,304
Less: Net Income Attributable to Noncontrolling Interests 31 31
Net Income Attributable to Tompkins Financial Corporation $ 19,381 $ 23,273
Basic Earnings Per Share (in dollars per share) $ 1.35 $ 1.61
Diluted Earnings Per Share (in dollars per share) $ 1.35 $ 1.60