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Segment and Related Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of segment and related information

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 and financial 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 any of the banks and the holding company. All other accounting policies are the same as those described in Note 1 "Summary of Significant Accounting Policies" in this Report.

As of and for the year ended December 31, 2023
(In thousands)			Banking			Insurance			Wealth Management			Intercompany			Consolidated
Interest income			$	297,358		$	5		$	0		$	(5)		$	297,358
Interest expense			87,849			0			0			(5)			87,844
Net interest income			209,509			5			0			0			209,514
Provision for credit loss expense			4,339			0			0			0			4,339
Noninterest income			(43,667)			37,868			18,262			(2,222)			10,241
Noninterest expense			162,312			28,770			14,432			(2,222)			203,292
(Loss) Income before income tax expense			(809)			9,103			3,830			0			12,124
Income tax (benefit) expense			(1,007)			2,548			954			0			2,495
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation			198			6,555			2,876			0			9,629
Less: Net income attributable to noncontrolling interests			124			0			0			0			124
Net Income attributable to Tompkins Financial Corporation			$	74		$	6,555		$	2,876		$	0		$	9,505
Depreciation and amortization			$	11,047		$	176		$	176		$	0		$	11,399
Assets			7,760,160			44,143			29,089			(13,643)			7,819,749
Goodwill			64,524			19,867			8,211			0			92,602
Other intangibles, net			956			1,336			35			0			2,327
Net loans and leases			5,554,351			0			0			0			5,554,351
Deposits			6,419,872			0			0			(20,025)			6,399,847
Total equity			601,598			36,176			32,160			0			669,934

As of and for the year ended December 31, 2022
(In thousands)			Banking			Insurance			Wealth Management			Intercompany			Consolidated
Interest income			$	251,324		$	5		$	0		$	(5)		$	251,324
Interest expense			21,048			0			0			(5)			21,043
Net interest income			230,276			5			0			0			230,281
Provision for credit loss expense			2,789			0			0			0			2,789
Noninterest income			25,394			36,721			18,129			(2,272)			77,972
Noninterest expense			156,186			27,678			14,159			(2,272)			195,751
Income before income tax expense			96,695			9,048			3,970			0			109,713
Income tax expense			21,085			2,504			968			0			24,557
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation			75,610			6,544			3,002			0			85,156
Less: Net income attributable to noncontrolling interests			126			0			0			0			126
Net Income attributable to Tompkins Financial Corporation			$	75,484		$	6,544		$	3,002		$	0		$	85,030
Depreciation and amortization			$	10,366		$	175		$	143		$	0		$	10,684
Assets			7,610,701			45,090			28,977			(14,082)			7,670,686
Goodwill			64,524			19,867			8,211			0			92,602
Other intangibles, net			1,004			1,655			49			0			2,708
Net loans and leases			5,222,977			0			0			0			5,222,977
Deposits			6,614,659			0			1,079			(13,443)			6,602,295
Total equity			559,123			35,155			23,112			0			617,390

As of and for the year ended December 31, 2021
(In thousands)			Banking			Insurance			Wealth Management			Intercompany			Consolidated
Interest income			$	241,322		$	11		$	0		$	(15)		$	241,318
Interest expense			17,541			0			0			(15)			17,526
Net interest income			223,781			11			0			0			223,792
Credit for credit loss expense			(2,219)			0			0			0			(2,219)
Noninterest income			25,944			35,430			19,727			(2,252)			78,849
Noninterest expense			152,624			26,857			13,058			(2,252)			190,287
Income before income tax expense			99,320			8,584			6,669			0			114,573
Income tax expense			21,257			2,326			1,599			0			25,182
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation			78,063			6,258			5,070			0			89,391
Less: Net income attributable to noncontrolling interests			127			0			0			0			127
Net Income attributable to Tompkins Financial Corporation			$	77,936		$	6,258		$	5,070		$	0		$	89,264
Depreciation and amortization			$	9,987		$	208		$	55		$	0		$	10,250
Assets			7,794,561			42,879			33,735			(51,193)			7,819,982
Goodwill			64,370			19,866			8,211			0			92,447
Other intangibles, net			1,571			2,004			68			0			3,643
Net loans and leases			5,032,624			0			0			0			5,032,624
Deposits			6,802,852			0			0			(11,417)			6,791,435
Total equity			664,800			33,171			30,970			0			728,941

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
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-Section 50
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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No definition available.

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