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Condensed Parent Company Only Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2023
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) | 12/31/2023 | 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 |
Schedule of condensed statements of income |
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 |
Schedule of condensed statements of cash flows |
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 |

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