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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
INTEREST AND DIVIDEND INCOME        
Loans $ 63,527 $ 52,505 $ 124,369 $ 103,636
Due from banks 183 64 322 105
Available-for-sale debt securities 6,618 7,063 13,361 13,833
Held-to-maturity securities 1,219 1,201 2,433 2,330
Federal Home Loan Bank and other stock 323 120 623 225
Interest income 71,870 60,953 141,108 120,129
INTEREST EXPENSE        
Time certificates of deposits of $250,000 or more 2,526 400 4,313 826
Other deposits 13,119 1,647 23,513 3,267
Federal funds purchased and securities sold under agreements to repurchase 15 15 29 31
Other borrowings 4,314 629 7,111 1,129
Total Interest Expense 19,974 2,691 34,966 5,253
Net Interest Income 51,896 58,262 106,142 114,876
Less: Provision for credit loss expense 2,253 856 1,428 336
Net Interest Income After Credit for Credit Loss Expense 49,643 57,406 104,714 114,540
NONINTEREST INCOME        
Insurance commissions and fees 8,672 8,429 18,181 17,746
Wealth management fees 4,678 4,596 9,187 9,513
Service charges on deposit accounts 1,640 1,756 3,386 3,535
Card services income 3,087 2,959 5,769 5,502
Other income 1,603 1,241 3,544 2,717
Net loss on securities transactions (7,065) (37) (7,052) (84)
Total Noninterest Income 12,615 18,944 33,015 38,929
NONINTEREST EXPENSE        
Salaries and wages 25,337 24,396 49,849 47,668
Other employee benefits 6,647 6,341 13,388 12,138
Net occupancy expense of premises 3,327 3,131 6,626 6,672
Furniture and fixture expense 2,105 2,004 4,159 3,995
Amortization of intangible assets 84 219 167 437
Other operating expense 14,468 13,029 27,937 25,049
Total Noninterest Expenses 51,968 49,120 102,126 95,959
Income Before Income Tax Expense 10,290 27,230 35,603 57,510
Income Tax Expense 1,784 6,329 7,685 13,305
Net Income Attributable to Noncontrolling Interests and Tompkins Financial Corporation 8,506 20,901 27,918 44,205
Less: Net Income Attributable to Noncontrolling Interests 31 32 62 63
Net Income Attributable to Tompkins Financial Corporation $ 8,475 $ 20,869 $ 27,856 $ 44,142
Basic Earnings Per Share (in dollars per share) $ 0.59 $ 1.45 $ 1.94 $ 3.06
Diluted Earnings Per Share (in dollars per share) $ 0.59 $ 1.45 $ 1.94 $ 3.05