Segment and Related Information (Tables)

12 Months Ended

Dec. 31, 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 and financial 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 Note 1 "Summary of Significant Accounting Policies" in this Report.


As of and for the year ended December 31, 2022
(In thousands)	Banking		Insurance		Wealth Management		Intercompany		Consolidated
Interest income	$	251,324	$	5	$	0	$	(5)	$	251,324
Interest expense	21,048		0		0		(5)		21,043
Net interest income	230,276		5		0		0		230,281
Credit for credit loss expense	2,789		0		0		0		2,789
Noninterest income	25,394		36,721		18,129		(2,272)		77,972
Noninterest expense	156,186		27,678		14,159		(2,272)		195,751
Income before income tax expense	96,695		9,048		3,970		0		109,713
Income tax expense	21,085		2,504		968		0		24,557
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation	75,610		6,544		3,002		0		85,156
Less: Net income attributable to noncontrolling interests	126		0		0		0		126
Net Income attributable to Tompkins Financial Corporation	$	75,484	$	6,544	$	3,002	$	0	$	85,030

Depreciation and amortization	$	10,366	$	175	$	143	$	0	$	10,684
Assets	7,610,701		45,090		28,977		(14,082)		7,670,686
Goodwill	64,524		19,867		8,211		0		92,602
Other intangibles, net	1,004		1,655		49		0		2,708
Net loans and leases	5,222,977		0		0		0		5,222,977
Deposits	6,614,659		0		1,079		(13,443)		6,602,295
Total equity	559,123		35,155		23,112		0		617,390


As of and for the year ended December 31, 2021
(In thousands)	Banking		Insurance		Wealth Management		Intercompany		Consolidated
Interest income	$	241,322	$	11	$	0	$	(15)	$	241,318
Interest expense	17,541		0		0		(15)		17,526
Net interest income	223,781		11		0		0		223,792
Credit for credit loss expense	(2,219)		0		0		0		(2,219)
Noninterest income	25,944		35,430		19,727		(2,252)		78,849
Noninterest expense	152,624		26,857		13,058		(2,252)		190,287
Income before income tax expense	99,320		8,584		6,669		0		114,573
Income tax expense	21,257		2,326		1,599		0		25,182
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation	78,063		6,258		5,070		0		89,391
Less: Net income attributable to noncontrolling interests	127		0		0		0		127
Net Income attributable to Tompkins Financial Corporation	$	77,936	$	6,258	$	5,070	$	0	$	89,264

Depreciation and amortization	$	9,987	$	208	$	55	$	0	$	10,250
Assets	7,794,561		42,879		33,735		(51,193)		7,819,982
Goodwill	64,370		19,866		8,211		0		92,447
Other intangibles, net	1,571		2,004		68		0		3,643
Net loans and leases	5,032,624		0		0		0		5,032,624
Deposits	6,802,852		0		0		(11,417)		6,791,435
Total equity	664,800		33,171		30,970		0		728,941


As of and for the year ended December 31, 2020
(In thousands)	Banking		Insurance		Wealth Management		Intercompany		Consolidated
Interest income	$	254,330	$	4	$	0	$	(4)	$	254,330
Interest expense	28,995		0		0		(4)		28,991
Net interest income	225,335		4		0		0		225,339
Credit for credit loss expense	17,213		0		0		0		17,213
Noninterest income	26,015		31,930		18,131		(2,216)		73,860
Noninterest expense	147,680		25,941		12,915		(2,216)		184,320
Income before income tax expense	86,457		5,993		5,216		0		97,666
Income tax expense	17,033		1,625		1,266		0		19,924
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation	69,424		4,368		3,950		0		77,742
Less: Net income attributable to noncontrolling interests	154		0		0		0		154
Net Income attributable to Tompkins Financial Corporation	$	69,270	$	4,368	$	3,950	$	0	$	77,588

Depreciation and amortization	$	9,912	$	229	$	51	$	0	$	10,192
Assets	7,564,342		41,812		28,616		(12,599)		7,622,171
Goodwill	64,370		19,866		8,211		0		92,447
Other intangibles, net	2,418		2,398		89		0		4,905
Net loans and leases	5,208,658		0		0		0		5,208,658
Deposits	6,449,289		0		0		(11,537)		6,437,752
Total equity	660,334		31,455		25,900		0		717,689