XML 21 R4.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
INTEREST AND DIVIDEND INCOME        
Loans $ 67,030 $ 55,041 $ 191,399 $ 158,677
Due from banks 125 85 447 190
Available-for-sale debt securities 6,599 7,157 19,960 20,990
Held-to-maturity securities 1,221 1,221 3,654 3,551
Federal Home Loan Bank and other stock 490 166 1,113 391
Interest income 75,465 63,670 216,573 183,799
INTEREST EXPENSE        
Time certificates of deposits of $250,000 or more 3,158 563 7,472 1,389
Other deposits 16,348 3,631 39,861 6,898
Federal funds purchased and securities sold under agreements to repurchase 15 14 44 45
Other borrowings 4,931 1,351 12,041 2,480
Total Interest Expense 24,452 5,559 59,418 10,812
Net Interest Income 51,013 58,111 157,155 172,987
Less: Provision for credit loss expense 1,150 1,056 2,578 1,392
Net Interest Income After Credit for Credit Loss Expense 49,863 57,055 154,577 171,595
NONINTEREST INCOME        
Insurance commissions and fees 11,397 10,825 29,578 28,571
Wealth management fees 4,342 4,337 13,529 13,850
Service charges on deposit accounts 1,754 1,917 5,140 5,452
Card services income 2,860 2,731 8,629 8,233
Other income 990 977 4,534 3,694
Net loss on securities transactions (62,967) (95) (70,019) (179)
Total Noninterest Income (41,624) 20,692 (8,609) 59,621
NONINTEREST EXPENSE        
Salaries and wages 23,811 25,344 73,660 73,012
Other employee benefits 7,319 6,489 20,707 18,627
Net occupancy expense of premises 3,108 3,258 9,734 9,930
Furniture and fixture expense 2,079 2,056 6,238 6,051
Amortization of intangible assets 83 218 250 655
Other operating expense 13,466 12,237 41,403 37,286
Total Noninterest Expenses 49,866 49,602 151,992 145,561
(Loss)/Income Before Income Tax (Benefit)/Expense (41,627) 28,145 (6,024) 85,655
Income Tax (Benefit)/Expense (8,304) 6,774 (619) 20,079
Net (Loss)/Income Attributable to Noncontrolling Interests and Tompkins Financial Corporation (33,323) 21,371 (5,405) 65,576
Less: Net Income Attributable to Noncontrolling Interests 31 31 93 94
Net (Loss)/Income Attributable to Tompkins Financial Corporation $ (33,354) $ 21,340 $ (5,498) $ 65,482
Basic (Loss) Earnings Per Share (in dollars per share) $ (2.35) $ 1.49 $ (0.39) $ 4.55
Diluted (Loss) Earnings Per Share (in dollars per share) $ (2.35) $ 1.48 $ (0.39) $ 4.53