XML 29 R17.htm IDEA: XBRL DOCUMENT v3.25.3
Segment and Related Information
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment and Related Information Segment and Related Information
The Company manages its operations through three reportable business segments in accordance with the standards set forth in FASB ASC 280, "Segment Reporting": (i) banking ("Banking"), (ii) insurance ("Tompkins Insurance") and (iii) wealth management ("Tompkins Financial Advisors"). The Company’s insurance services and wealth management services, other than trust services, are managed separately from the Banking segment.
Banking
Tompkins Community Bank has 12 banking offices located in Ithaca, NY and surrounding communities; 14 banking offices located in the Genesee Valley region of New York State, which includes Monroe County; 12 banking offices located in the counties north of New York City; and 16 banking offices headquartered and operating in southeastern Pennsylvania.
Insurance
The Company provides property and casualty insurance services and employee benefits consulting through Tompkins Insurance Agencies, Inc., a 100% wholly-owned subsidiary of the Company, headquartered in Batavia, New York. Tompkins Insurance is an independent insurance agency, representing many major insurance carriers, and provides employee benefit consulting to employers in Western and Central New York and Southeastern Pennsylvania, assisting them with their medical, group life insurance and group disability insurance. Tompkins Insurance has four stand-alone offices in Western New York.
Wealth Management
The wealth management segment is generally organized under the Tompkins Financial Advisors brand. Tompkins Financial Advisors offers a comprehensive suite of financial services to customers, including trust and estate services, investment management and financial and insurance planning for individuals, corporate executives, small business owners and high net worth individuals. Tompkins Financial Advisors has offices in each of the Company’s regional markets.
Chief Operating Decision Maker
Our Chief Executive Officer ("CEO") is our chief operating decision maker. In order to allocate costs, capital and resources to each operating segment, we (i) identify the cost or opportunity value of funds within each business segment, (ii) measure the profitability of a particular business segment by relating appropriate costs to revenues, (iii) evaluate each business segment in a manner consistent with its economic impact on consolidated earnings, and (iv) enhance asset and liability pricing decisions. Our CEO reviews actual net income versus budgeted net income on a monthly basis to assess segment performance and to make decisions about allocating capital and personnel among the segments.

Summarized financial information concerning the Company’s reportable segments and the reconciliation to the Company’s consolidated results is shown in the following tables. 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, insurance, and wealth management 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 the bank and the holding company. All other accounting policies are the same as those described in the summary of significant accounting policies in the Company's Annual Report on Form 10-K for the year ended December 31, 2024.
Three Months Ended June 30, 2025
(In thousands)BankingInsuranceWealth ManagementIntercompanyConsolidated
Interest income$93,646 $1 $0 $(1)$93,646 
Interest expense33,517 0 0 (1)33,516 
Net interest income60,129 1 0 0 60,130 
Provision for credit loss expense2,780 0 0 0 2,780 
Noninterest income7,617 9,901 5,541 (547)22,512 
Noninterest expense40,441 7,729 4,000 (547)51,623 
Income before income tax expense24,525 2,173 1,541 0 28,239 
Income tax expense5,831 552 385 0 6,768 
Net Income attributable to Tompkins Financial Corporation$18,694 $1,621 $1,156 $0 $21,471 
Depreciation and amortization$1,978 $36 $44 $0 $2,058 
Assets8,319,441 49,305 29,087 (24,015)8,373,818 
Goodwill64,525 19,867 8,211 (1)92,602 
Other intangibles, net1,367 854 16 0 2,237 
Net loans and leases6,114,099 0 0 0 6,114,099 
Deposits6,734,658 0 0 (18,863)6,715,795 
Total Equity701,907 33,248 26,638 0 761,793 
Three Months Ended June 30, 2024
(In thousands)BankingInsuranceWealth
Management		IntercompanyConsolidated
Interest income$85,240 $1 $0 $(1)$85,240 
Interest expense34,288 0 0 (1)34,287 
Net interest income50,952 1 0 0 50,953 
Provision for credit loss expense2,172 0 0 0 2,172 
Noninterest income7,822 9,220 5,261 (527)21,776 
Noninterest expense39,662 7,086 3,721 (527)49,942 
Income before income tax expense16,940 2,135 1,540 0 20,615 
Income tax expense3,938 582 382 0 4,902 
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation13,002 1,553 1,158 0 15,713 
Less: Net income attributable to noncontrolling interests31 0 0 0 31 
Net Income attributable to Tompkins Financial Corporation$12,971 $1,553 $1,158 $0 $15,682 
Depreciation and amortization$2,522 $41 $41 $0 $2,604 
Assets7,810,792 48,840 29,404 (19,514)7,869,522 
Goodwill64,525 19,866 8,211 0 92,602 
Other intangibles, net978 1,186 29 0 2,193 
Net loans and leases5,708,805 0 0 0 5,708,805 
Deposits6,312,911 0 0 (27,015)6,285,896 
Total Equity605,109 37,055 33,929 0 676,093 
Six Months Ended June 30, 2025
(In thousands)BankingInsuranceWealth
Management		IntercompanyConsolidated
Interest income$183,108 $1 $0 $(1)$183,108 
Interest expense66,317 0 0 (1)66,316 
Net interest income116,791 1 0 0 116,792 
Provision for credit loss expense8,067 0 0 0 8,067 
Noninterest income16,263 21,604 10,754 (1,077)47,544 
Noninterest expense80,136 15,054 8,117 (1,077)102,230 
Income before income tax expense44,851 6,551 2,637 0 54,039 
Income tax expense10,473 1,757 659 0 12,889 
Net Income attributable to Tompkins Financial Corporation$34,378 $4,794 $1,978 $0 $41,150 
Depreciation and amortization$4,084 $82 $87 $0 $4,253 
Six Months Ended June 30, 2024
(In thousands)BankingInsuranceWealth
Management		IntercompanyConsolidated
Interest income$168,423 $2 $0 $(2)$168,423 
Interest expense66,797 0 0 (2)66,795 
Net interest income101,626 2 0 0 101,628 
Provision for credit loss expense3,026 0 0 0 3,026 
Noninterest income14,933 19,746 10,300 (1,066)43,913 
Noninterest expense79,025 14,313 7,527 (1,066)99,799 
Income before income tax expense34,508 5,435 2,773 0 42,716 
Income tax expense7,924 1,489 687 0 10,100 
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation26,584 3,946 2,086 0 32,616 
Less: Net income attributable to noncontrolling interests62 0 0 0 62 
Net Income attributable to Tompkins Financial Corporation$26,522 $3,946 $2,086 $0 $32,554 
Depreciation and amortization$5,444 $84 $82 $0 $5,610