Segment and Related Information (Table)

6 Months Ended

Jun. 30, 2022

Schedule of segment and related information

Summarized financial information concerning the Company’s reportable segments and the reconciliation to the Company’s consolidated results is shown in the following table. 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 any of the banks and the holding company. All other accounting policies are the same as those described in the summary of significant accounting policies in the 2021 Annual Report on Form 10-K.


Three months ended June 30, 2022
(In thousands)	Banking		Insurance		Wealth Management		Intercompany		Consolidated
Interest income	$	60,953	$	1	$	0	$	(1)	$	60,953
Interest expense	2,692		0		0		(1)		2,691
Net interest income	58,261		1		0		0		58,262
Provision for credit loss expense	856		0		0		0		856
Noninterest income	6,329		8,573		4,598		(556)		18,944
Noninterest expense	39,395		6,812		3,469		(556)		49,120
Income before income tax expense	24,339		1,762		1,129		0		27,230
Income tax expense	5,465		494		370		0		6,329
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation	18,874		1,268		759		0		20,901
Less: Net income attributable to noncontrolling interests	32		0		0		0		32
Net Income attributable to Tompkins Financial Corporation	$	18,842	$	1,268	$	759	$	0	$	20,869

Depreciation and amortization	$	2,515	$	44	$	36	$	0	$	2,595
Assets	7,786,614		47,222		26,915		(18,290)		7,842,461
Goodwill	64,500		19,866		8,081		0		92,447
Other intangibles, net	1,236		1,830		58		0		3,124
Net loans and leases	5,118,710		0		0		0		5,118,710
Deposits	6,786,754		0		(847)		(16,386)		6,769,521
Total Equity	563,994		34,860		25,464		0		624,318


Three months ended June 30, 2021
(In thousands)	Banking		Insurance		Wealth Management		Intercompany		Consolidated
Interest income	$	59,843	$	0	$	0	$	(8)	$	59,835
Interest expense	4,997		0		0		(8)		4,989
Net interest income	54,846		0		0		0		54,846
Credit for credit loss expense	(3,071)		0		0		0		(3,071)
Noninterest income	6,447		8,163		4,808		(560)		18,858
Noninterest expense	37,879		6,760		3,363		(560)		47,442
Income before income tax expense	26,485		1,403		1,445		0		29,333
Income tax expense	5,729		401		341		0		6,471
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation	20,756		1,002		1,104		0		22,862
Less: Net income attributable to noncontrolling interests	31		0		0		0		31
Net Income attributable to Tompkins Financial Corporation	$	20,725	$	1,002	$	1,104	$	0	$	22,831

Depreciation and amortization	$	2,527	$	55	$	14	$	0	$	2,596
Assets	7,987,751		46,590		30,435		(76,568)		7,988,208
Goodwill	64,370		19,866		8,211		0		92,447
Other intangibles, net	1,994		2,201		79		0		4,274
Net loans and leases	5,127,624		0		0		0		5,127,624
Deposits	6,851,924		0		0		(14,924)		6,837,000
Total Equity	667,007		33,101		28,145		0		728,253


Six months ended June 30, 2022
(In thousands)	Banking		Insurance		Wealth Management		Intercompany		Consolidated
Interest income	$	120,129	$	2	$	0	$	(2)	$	120,129
Interest expense	5,255		0		0		(2)		5,253
Net interest income	114,874		2		0		0		114,876
Provision for credit loss expense	336		0		0		0		336
Noninterest income	12,522		18,007		9,532		(1,132)		38,929
Noninterest expense	76,584		13,314		7,193		(1,132)		95,959
Income before income tax expense	50,476		4,695		2,339		0		57,510
Income tax expense	11,630		1,310		365		0		13,305
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation	38,846		3,385		1,974		0		44,205
Less: Net income attributable to noncontrolling interests	63		0		0		0		63
Net Income attributable to Tompkins Financial Corporation	$	38,783	$	3,385	$	1,974	$	0	$	44,142

Depreciation and amortization	$	5,093	$	88	$	64	$	0	$	5,245


Six months ended June 30, 2021
(In thousands)	Banking		Insurance		Wealth Management		Intercompany		Consolidated
Interest income	$	119,597	$	2	$	0	$	(9)	$	119,590
Interest expense	9,716		0		0		(9)		9,707
Net interest income	109,881		2		0		0		109,883
Provision for credit loss expense	(4,901)		0		0		0		(4,901)
Noninterest income	12,759		17,581		9,591		(1,090)		38,841
Noninterest expense	73,206		13,197		6,640		(1,090)		91,953
Income before income tax expense	54,335		4,386		2,951		0		61,672
Income tax expense	11,243		1,203		705		0		13,151
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation	43,092		3,183		2,246		0		48,521
Less: Net income attributable to noncontrolling interests	64		0		0		0		64
Net Income attributable to Tompkins Financial Corporation	$	43,028	$	3,183	$	2,246	$	0	$	48,457

Depreciation and amortization	$	4,965	$	110	$	27	$	0	$	5,102