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Segment and Related Information
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Segment and Related Information Segment and Related Information
 
The Company manages its operations through three reportable business segments in accordance with the standards set forth in FASB ASC 280, "Segment Reporting": (i) banking ("Banking"), (ii) insurance ("Tompkins Insurance") and (iii) wealth management ("Tompkins Financial Advisors"). The Company’s insurance services and wealth management services, other than trust services, are managed separately from the Banking segment.
 
Banking
Tompkins Community Bank has twelve banking offices located in Ithaca, NY and surrounding communities; sixteen banking offices located in the Genesee Valley region of New York State, which includes Monroe County; thirteen banking offices located in the counties north of New York City; and nineteen banking offices headquartered and operating in the areas surrounding southeastern Pennsylvania.
 
Insurance
The Company provides property and casualty insurance services and employee benefits consulting through Tompkins Insurance Agencies, Inc., a 100% wholly-owned subsidiary of the Company, headquartered in Batavia, New York. Tompkins Insurance is an independent insurance agency, representing many major insurance carriers and provides employee benefit consulting to employers in Western and Central New York and Southeastern Pennsylvania, assisting them with their medical, group life insurance and group disability insurance. Tompkins Insurance has five stand-alone offices in Western New York.
 
Wealth Management
The Wealth Management segment is generally organized under the Tompkins Financial Advisors brand. Tompkins Financial Advisors offers a comprehensive suite of financial services to customers, including trust and estate services, investment management and financial and insurance planning for individuals, corporate executives, small business owners and high net worth individuals. Tompkins Financial Advisors has offices in each of the Company’s regional markets.

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 Annual Report on Form 10-K for the year ended December 31, 2022.
 
Three Months Ended June 30, 2023
(In thousands)BankingInsuranceWealth ManagementIntercompanyConsolidated
Interest income$71,870 $$$(1)$71,870 
Interest expense19,975 (1)19,974 
Net interest income51,895 51,896 
Provision for credit loss expense2,253 2,253 
Noninterest income(378)8,798 4,736 (541)12,615 
Noninterest expense41,385 7,201 3,922 (540)51,968 
Income before income tax expense7,879 1,598 814 (1)10,290 
Income tax expense1,147 437 200 1,784 
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation6,732 1,161 614 (1)8,506 
Less: Net income attributable to noncontrolling interests31 31 
Net Income attributable to Tompkins Financial Corporation$6,701 $1,161 $614 $(1)$8,475 
Depreciation and amortization$2,652 $44 $44 $$2,740 
Assets7,569,195 44,640 28,896 (16,493)7,626,238 
Goodwill64,655 19,866 8,081 92,602 
Other intangibles, net975 1,496 42 2,513 
Net loans and leases5,303,820 5,303,820 
Deposits6,481,556 (11,019)(15,886)6,454,651 
Total Equity565,505 35,070 35,866 636,441 

Three Months Ended June 30, 2022
(In thousands)BankingInsuranceWealth
Management
IntercompanyConsolidated
Interest income$60,953 $$$(1)$60,953 
Interest expense2,692 (1)2,691 
Net interest income58,261 58,262 
Provision for credit loss expense856 856 
Noninterest income6,329 8,573 4,598 (556)18,944 
Noninterest expense39,395 6,812 3,469 (556)49,120 
Income before income tax expense24,339 1,762 1,129 27,230 
Income tax expense5,465 494 370 6,329 
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation18,874 1,268 759 20,901 
Less: Net income attributable to noncontrolling interests32 32 
Net Income attributable to Tompkins Financial Corporation$18,842 $1,268 $759 $$20,869 
Depreciation and amortization$2,515 $44 $36 $$2,595 
Assets7,786,614 47,222 26,915 (18,290)7,842,461 
Goodwill64,500 19,866 8,081 92,447 
Other intangibles, net1,236 1,830 58 3,124 
Net loans and leases5,118,710 5,118,710 
Deposits6,786,754 (847)(16,386)6,769,521 
Total Equity563,994 34,860 25,464 624,318 
Six Months Ended June 30, 2023
(In thousands)BankingInsuranceWealth
Management
IntercompanyConsolidated
Interest income$141,108 $$$(2)$141,108 
Interest expense34,968 (2)34,966 
Net interest income106,140 106,142 
Provision for credit loss expense1,428 1,428 
Noninterest income6,321 18,433 9,357 (1,096)33,015 
Noninterest expense81,233 14,417 7,572 (1,096)102,126 
Income before income tax expense29,800 4,018 1,785 35,603 
Income tax expense6,136 1,110 439 7,685 
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation23,664 2,908 1,346 27,918 
Less: Net income attributable to noncontrolling interests62 62 
Net Income attributable to Tompkins Financial Corporation$23,602 $2,908 $1,346 $$27,856 
Depreciation and amortization$5,241 $88 $89 $$5,418 

Six Months Ended June 30, 2022
(In thousands)BankingInsuranceWealth
Management
IntercompanyConsolidated
Interest income$120,129 $$$(2)$120,129 
Interest expense5,255 (2)5,253 
Net interest income114,874 114,876 
Provision for credit loss expense336 336 
Noninterest income12,522 18,007 9,532 (1,132)38,929 
Noninterest expense76,584 13,314 7,193 (1,132)95,959 
Income before income tax expense50,476 4,695 2,339 57,510 
Income tax expense11,630 1,310 365 13,305 
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation38,846 3,385 1,974 44,205 
Less: Net income attributable to noncontrolling interests63 63 
Net Income attributable to Tompkins Financial Corporation$38,783 $3,385 $1,974 $$44,142 
Depreciation and amortization$5,093 $88 $64 $$5,245