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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
INTEREST AND DIVIDEND INCOME        
Loans $ 52,505 $ 53,653 $ 103,636 $ 107,860
Due from banks 64 45 105 130
Available-for-sale debt securities 7,063 5,626 13,833 10,876
Held-to-maturity securities 1,201 312 2,330 312
Federal Home Loan Bank and other stock 120 199 225 412
Interest income 60,953 59,835 120,129 119,590
INTEREST EXPENSE        
Time certificates of deposits of $250,000 or more 400 567 826 1,206
Other deposits 1,647 2,235 3,267 4,747
Federal funds purchased and securities sold under agreements to repurchase 15 15 31 31
Trust preferred debentures 0 821 0 996
Other borrowings 629 1,351 1,129 2,727
Total Interest Expense 2,691 4,989 5,253 9,707
Net Interest Income 58,262 54,846 114,876 109,883
Less: Provision (credit) for credit loss expense 856 (3,071) 336 (4,901)
Net Interest Income After Credit for Credit Loss Expense 57,406 57,917 114,540 114,784
NONINTEREST INCOME        
Insurance commissions and fees 8,429 8,054 17,746 17,220
Investment services income 4,596 4,717 9,513 9,390
Service charges on deposit accounts 1,756 1,471 3,535 2,941
Card services income 2,959 2,951 5,502 5,334
Other income 1,241 1,665 2,717 3,639
Net (loss) gain on securities transactions (37) 0 (84) 317
Total Noninterest Income 18,944 18,858 38,929 38,841
NONINTEREST EXPENSE        
Salaries and wages 24,396 23,992 47,668 46,652
Other employee benefits 6,341 6,626 12,138 12,110
Net occupancy expense of premises 3,131 3,561 6,672 7,023
Furniture and fixture expense 2,004 2,204 3,995 4,154
Amortization of intangible assets 219 329 437 659
Other operating expense 13,029 10,730 25,049 21,355
Total Noninterest Expenses 49,120 47,442 95,959 91,953
Income Before Income Tax Expense 27,230 29,333 57,510 61,672
Income Tax Expense 6,329 6,471 13,305 13,151
Net Income Attributable to Noncontrolling Interests and Tompkins Financial Corporation 20,901 22,862 44,205 48,521
Less: Net Income Attributable to Noncontrolling Interests 32 31 63 64
Net Income Attributable to Tompkins Financial Corporation $ 20,869 $ 22,831 $ 44,142 $ 48,457
Basic Earnings Per Share (in dollars per share) $ 1.45 $ 1.55 $ 3.06 $ 3.28
Diluted Earnings Per Share (in dollars per share) $ 1.45 $ 1.54 $ 3.05 $ 3.26