XML 46 R34.htm IDEA: XBRL DOCUMENT v3.24.3

Segment and Related Information (Table)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of segment and related information

Three Months Ended September 30, 2024
(In thousands)			Banking			Insurance			Wealth Management			Intercompany			Consolidated
Interest income			$	89,129		$	1		$	0		$	(1)		$	89,129
Interest expense			35,937			0			0			(1)			35,936
Net interest income			53,192			1			0			0			53,193
Provision for credit loss expense			2,174			0			0			0			2,174
Noninterest income			7,465			11,414			5,019			(513)			23,385
Noninterest expense			39,180			7,193			4,017			(513)			49,877
Income before income tax expense			19,303			4,222			1,002			0			24,527
Income tax expense			4,456			1,155			247			0			5,858
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation			14,847			3,067			755			0			18,669
Less: Net income attributable to noncontrolling interests			31			0			0			0			31
Net Income attributable to Tompkins Financial Corporation			$	14,816		$	3,067		$	755		$	0		$	18,638
Depreciation and amortization			$	2,144		$	38		$	42		$	0		$	2,224
Assets			7,946,772			49,928			29,520			(19,793)			8,006,427
Goodwill			64,525			19,866			8,211			0			92,602
Other intangibles, net			1,110			1,103			25			0			2,238
Net loans and leases			5,825,877			0			0			0			5,825,877
Deposits			6,605,596			0			0			(27,700)			6,577,896
Total Equity			647,369			40,266			33,713			0			721,348

Three Months Ended September 30, 2023
(In thousands)			Banking			Insurance			Wealth Management			Intercompany			Consolidated
Interest income			$	75,465		$	1		$	0		$	(1)		$	75,465
Interest expense			24,453			0			0			(1)			24,452
Net interest income			51,012			1			0			0			51,013
Provision for credit loss expense			1,150			0			0			0			1,150
Noninterest income			(57,007)			11,529			4,414			(560)			(41,624)
Noninterest expense			39,648			7,109			3,668			(559)			49,866
(Loss) Income before income tax expense			(46,793)			4,421			746			(1)			(41,627)
Income tax (benefit) expense			(9,701)			1,213			184			0			(8,304)
Net (Loss) Income attributable to noncontrolling interests and Tompkins Financial Corporation			(37,092)			3,208			562			(1)			(33,323)
Less: Net income attributable to noncontrolling interests			31			0			0			0			31
Net (Loss) Income attributable to Tompkins Financial Corporation			$	(37,123)		$	3,208		$	562		$	(1)		$	(33,354)
Depreciation and amortization			$	2,702		$	44		$	44		$	0		$	2,790
Assets			7,632,733			46,222			28,730			(16,523)			7,691,162
Goodwill			64,655			19,866			8,081			0			92,602
Other intangibles, net			967			1,416			38			0			2,421
Net loans and leases			5,385,524			0			0			0			5,385,524
Deposits			6,645,587			0			0			(22,151)			6,623,436
Total Equity			545,037			36,745			30,574			0			612,356

Nine Months Ended September 30, 2024
(In thousands)			Banking			Insurance			Wealth Management			Intercompany			Consolidated
Interest income			$	257,552		$	3		$	0		$	(3)		$	257,552
Interest expense			102,734			0			0			(3)			102,731
Net interest income			154,818			3			0			0			154,821
Provision for credit loss expense			5,200			0			0			0			5,200
Noninterest income			22,398			31,161			15,318			(1,579)			67,298
Noninterest expense			118,205			21,506			11,544			(1,579)			149,676
Income before income tax expense			53,811			9,658			3,774			0			67,243
Income tax expense			12,380			2,644			934			0			15,958
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation			41,431			7,014			2,840			0			51,285
Less: Net income attributable to noncontrolling interests			93			0			0			0			93
Net Income attributable to Tompkins Financial Corporation			$	41,338		$	7,014		$	2,840		$	0		$	51,192
Depreciation and amortization			$	7,588		$	122		$	124		$	0		$	7,834

Nine Months Ended September 30, 2023
(In thousands)			Banking			Insurance			Wealth Management			Intercompany			Consolidated
Interest income			$	216,573		$	3		$	0		$	(3)		$	216,573
Interest expense			59,421			0			0			(3)			59,418
Net interest income			157,152			3			0			0			157,155
Provision for credit loss expense			2,578			0			0			0			2,578
Noninterest income			(50,687)			29,963			13,771			(1,656)			(8,609)
Noninterest expense			120,882			21,526			11,240			(1,656)			151,992
(Loss) Income before income tax expense			(16,995)			8,440			2,531			0			(6,024)
Income tax (benefit) expense			(3,565)			2,323			623			0			(619)
Net (Loss) Income attributable to noncontrolling interests and Tompkins Financial Corporation			(13,430)			6,117			1,908			0			(5,405)
Less: Net income attributable to noncontrolling interests			93			0			0			0			93
Net (Loss) Income attributable to Tompkins Financial Corporation			$	(13,523)		$	6,117		$	1,908		$	0		$	(5,498)
Depreciation and amortization			$	7,942		$	133		$	133		$	0		$	8,208

X

- 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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: 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

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration