Condensed Parent Company Only Financial Statements (Tables)

12 Months Ended

Dec. 31, 2021

Condensed Financial Information Disclosure [Abstract]

Schedule of condensed statements of condition

Condensed financial statements for Tompkins (the Parent Company) as of December 31, 2021, 2020 and 2019 are presented below. 

Condensed Statements of Condition
(In thousands)	2021		2020
Assets
Cash	$	18,691	$	16,588
Investment in subsidiaries	705,723		707,721
Other	4,032		5,965
Total Assets	$	728,446	$	730,274
Liabilities and Shareholders’ Equity
Borrowings	$	0	$	0
Trust preferred debentures issued to non-consolidated subsidiary	0		13,220
Other liabilities	917		777
Tompkins Financial Corporation Shareholders’ Equity	727,529		716,277
Total Liabilities and Shareholders’ Equity	$	728,446	$	730,274

Schedule of condensed statements of income

Condensed Statements of Income
(In thousands)	2021		2020		2019
Dividends received from subsidiaries	$	81,408	$	60,818	$	72,827
Other income	279		52		240
Total Operating Income	$	81,687	$	60,870	$	73,067
Interest expense	2,232		1,241		1,450
Other expenses	9,039		9,184		8,409
Total Operating Expenses	$	11,271	$	10,425	$	9,859
Income Before Taxes and Equity in Undistributed
Earnings of Subsidiaries	70,416		50,445		63,208
Income tax benefit	2,068		2,160		2,085
Equity in undistributed earnings of subsidiaries	16,780		24,983		16,425
Net Income	$	89,264	$	77,588	$	81,718

Schedule of condensed statements of cash flows

Condensed Statements of Cash Flows
(In thousands)	2021		2020		2019
Operating activities
Net income	$	89,264	$	77,588	$	81,718
Adjustments to reconcile net income to net cash provided by operating activities
Equity in undistributed earnings of subsidiaries	(16,780)		(24,983)		(16,425)
Other, net	4,126		(1,541)		3,209
Net Cash Provided by Operating Activities	76,610		51,064		68,502
Investing activities
Other, net	(76)		(100)		3,265
Net Cash (Used in) Provided by Investing Activities	(76)		(100)		3,265
Financing activities
Borrowings, net	0		(4,000)		0
Cash dividends	(32,415)		(31,359)		(30,637)
Repurchase of common shares	(23,773)		(9,414)		(29,867)
Redemption of trust preferred debentures	(15,150)		(4,124)		0
Net proceeds from restricted stock awards	(2,292)		(1,682)		(1,875)
Shares issued for dividend reinvestment plan	2		1,825		0
Shares issued for employee stock ownership plan	0		0		0
Net proceeds from exercise of stock options	(803)		(253)		(992)
Net Cash Used in Financing Activities	(74,431)		(49,007)		(63,371)
Net increase in cash	2,103		1,957		8,396
Cash at beginning of year	16,588		14,631		6,235
Cash at End of Year	$	18,691	$	16,588	$	14,631