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Condensed Parent Company Only Financial Statements | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Condensed Parent Company Only Financial Statements | Condensed Parent Company Only Financial Statements Condensed financial statements for Tompkins (the Parent Company) are presented below.
Condensed Statements of Condition | As of | As of
(In thousands) | 12/31/2023 | 12/31/2022
Assets |  |
Cash | $ | 10,710 |  | $ | 28,543 |
Investment in subsidiaries | 650,595 |  | 587,032 |
Other | 8,455 |  | 1,344 |
Total Assets | $ | 669,760 |  | $ | 616,920 |
Liabilities and Shareholders’ Equity |  |
Other liabilities | 1,238 |  | 942 |
Tompkins Financial Corporation Shareholders’ Equity | 668,522 |  | 615,978 |
Total Liabilities and Shareholders’ Equity | $ | 669,760 |  | $ | 616,920 |
Condensed Statements of Income | Year ended December 31,
(In thousands) | 2023 | 2022 | 2021
Dividends received from subsidiaries | $ | 42,634 |  | $ | 62,559 |  | $ | 81,408 |
Other income | 297 |  | 147 |  | 279 |
Total Operating Income | $ | 42,931 |  | $ | 62,706 |  | $ | 81,687 |
Interest expense | 0 |  | 0 |  | 2,232 |
Other expenses | 13,117 |  | 11,295 |  | 9,039 |
Total Operating Expenses | $ | 13,117 |  | $ | 11,295 |  | $ | 11,271 |
Income Before Taxes and Equity in Undistributed |  |  |
Earnings of Subsidiaries | 29,814 |  | 51,411 |  | 70,416 |
Income tax benefit | 3,223 |  | 2,841 |  | 2,068 |
Equity in undistributed earnings of subsidiaries | (23,532) |  | 30,778 |  | 16,780 |
Net Income | $ | 9,505 |  | $ | 85,030 |  | $ | 89,264 |
Condensed Statements of Cash Flows | Year ended December 31,
(In thousands) | 2023 | 2022 | 2021
Operating activities |  |  |
Net income | $ | 9,505 | $ | 85,030 | $ | 89,264
Adjustments to reconcile net income to net cash provided by operating activities
Equity in undistributed earnings of subsidiaries | 23,532 |  | (30,778) |  | (16,780) |
Other, net | (7,350) |  | 3,561 |  | 4,126 |
Net Cash Provided by Operating Activities | 25,687 |  | 57,813 |  | 76,610 |
Investing activities |  |  |
Repayment of investments in and advances to subsidiaries | 0 | 350 | 0
Other, net | 1,015 |  | 29 |  | (76) |
Net Cash Provided by (Used in) Investing Activities | 1,015 |  | 379 |  | (76) |
Financing activities |  |  |
Borrowings, net | 0 |  | 0 |  | 0 |
Cash dividends | (34,512) |  | (33,565) |  | (32,415) |
Repurchase of common shares | (8,726) |  | (15,430) |  | (23,773) |
Redemption of trust preferred debentures | 0 |  | 0 |  | (15,150) |
Net proceeds from restricted stock awards | (1,173) |  | (1,758) |  | (2,292) |
Shares issued for dividend reinvestment plan | 0 |  | 0 |  | 2 |
Shares issued for employee stock ownership plan | 0 |  | 2,951 |  | 0 |
Net proceeds from exercise of stock options | (124) |  | (538) |  | (803) |
Net Cash Used in Financing Activities | (44,535) |  | (48,340) |  | (74,431) |
Net (decrease) increase in cash | (17,833) |  | 9,852 |  | 2,103 |
Cash at beginning of year | 28,543 |  | 18,691 |  | 16,588 |
Cash at End of Year | $ | 10,710 |  | $ | 28,543 |  | $ | 18,691 |
A Statement of Changes in Shareholders’ Equity has not been presented since it is the same as the Consolidated Statement of Changes in Shareholders’ Equity previously presented for the consolidated Company.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480922/205-10-S99-6 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-11 + Details
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