XML 18 R6.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
OPERATING ACTIVITIES    
Net income (loss) attributable to Tompkins Financial Corporation $ 51,192 $ (5,498)
Provision for credit loss expense 5,200 2,578
Depreciation and amortization of premises, equipment, and software 7,834 8,208
Amortization of intangible assets 242 250
Earnings from corporate owned life insurance (2,290) (1,167)
Net amortization on securities (850) 2,692
Amortization/accretion related to purchase accounting (616) (508)
Net (gain) loss on securities transactions (65) 70,019
Net gain on sale of loans originated for sale (701) (86)
Proceeds from sale of loans originated for sale 30,224 3,276
Loans originated for sale (30,949) (3,345)
Net gain on sale of bank premises and equipment (218) (79)
Net excess tax (expense) benefit from stock based compensation (191) (10)
Stock-based compensation expense 2,693 2,945
Increase in accrued interest receivable (2,087) (1,670)
Increase in accrued interest payable 483 972
Other, net 11,816 (8,505)
Net Cash Provided by Operating Activities 71,717 70,072
INVESTING ACTIVITIES    
Proceeds from maturities, calls and principal paydowns of available-for-sale debt securities 149,012 111,097
Proceeds from sales of available-for-sale debt securities 39,952 440,488
Purchases of available-for-sale debt securities (50,032) (375,585)
Net increase in loans (274,267) (168,400)
Proceeds from sale/redemptions of Federal Home Loan Bank stock 86,540 90,702
Purchases of Federal Home Loan Bank and other stock (83,757) (92,967)
Proceeds from sale of bank premises and equipment 294 123
Purchases of bank premises, equipment and software (4,624) (5,308)
Purchase of corporate owned life insurance (5,746) 0
Proceeds from redemption of corporate owned life insurance 17,993 20
Other, net (413) 463
Net Cash (Used in) Provided by Investing Activities (125,048) 633
FINANCING ACTIVITIES    
Net increase (decrease) in demand, money market, and savings deposits 134,055 (227,860)
Net increase in time deposits 44,343 249,361
Net increase (decrease) in Federal funds purchased and securities sold under agreements to repurchase 16,510 (158)
Increase in other borrowings 501,027 145,100
Repayment of other borrowings (563,800) (139,600)
Cash dividends (25,907) (26,041)
Common stock issued 122 0
Repurchase of common stock 0 (8,703)
Net shares issued related to restricted stock awards (200) (307)
Net proceeds from exercise of stock options (41) (118)
Net Cash Provided by (Used in) Financing Activities 106,109 (8,326)
Net Increase in Cash and Cash Equivalents 52,778 62,379
Cash and cash equivalents at beginning of period 79,542 77,837
Total Cash and Cash Equivalents at End of Period 132,320 140,216
Supplemental Information:    
Cash paid during the year for - Interest 102,596 58,806
Cash paid during the year for - Taxes 8,249 9,907
Transfer of loans to other real estate owned 81 0
Right-of-use assets obtained in exchange for new lease liabilities $ 893 $ 428