XML 16 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
INTEREST AND DIVIDEND INCOME    
Loans $ 71,599 $ 60,842
Due from banks 154 139
Available-for-sale debt securities 9,611 6,743
Held-to-maturity debt securities 1,218 1,214
Federal Home Loan Bank and other stock 601 300
Total Interest and Dividend Income 83,183 69,238
INTEREST EXPENSE    
Time certificates of deposits of $250,000 or more 4,010 1,788
Other deposits 20,424 10,394
Federal funds purchased and securities sold under agreements to repurchase 13 14
Other borrowings 8,061 2,796
Total Interest Expense 32,508 14,992
Net Interest Income 50,675 54,246
Less: Provision (credit) for credit loss expense 854 (825)
Net Interest Income After Provision (Credit) for Credit Loss Expense 49,821 55,071
NONINTEREST INCOME    
Insurance commissions and fees 10,259 9,509
Wealth management fees 4,937 4,509
Service charges on deposit accounts 1,796 1,746
Card services income 2,939 2,682
Other income 2,220 1,941
Net (loss) gain on securities transactions (14) 13
Total Noninterest Income 22,137 20,400
NONINTEREST EXPENSE    
Salaries and wages 24,697 24,512
Other employee benefits 6,411 6,741
Net occupancy expense of premises 3,557 3,299
Furniture and fixture expense 2,125 2,054
Amortization of intangible assets 76 83
Other operating expense 12,991 13,469
Total Noninterest Expenses 49,857 50,158
Income Before Income Tax Expense 22,101 25,313
Income Tax Expense 5,198 5,901
Net Income Attributable to Noncontrolling Interests and Tompkins Financial Corporation 16,903 19,412
Less: Net Income Attributable to Noncontrolling Interests 31 31
Net Income Attributable to Tompkins Financial Corporation $ 16,872 $ 19,381
Basic Earnings Per Share (in dollars per share) $ 1.19 $ 1.35
Diluted Earnings Per Share (in dollars per share) $ 1.18 $ 1.35