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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
INTEREST AND DIVIDEND INCOME      
Loans $ 301,970 $ 260,434 $ 217,607
Due from banks 741 674 371
Available-for-sale debt securities 36,779 29,677 27,929
Held-to-maturity debt securities 4,881 4,876 4,771
Federal Home Loan Bank and other stock 3,203 1,697 646
Total Interest and Dividend Income 347,574 297,358 251,324
INTEREST EXPENSE      
Time certificates of deposits of $250,000 or more 16,914 11,421 2,298
Other deposits 87,069 59,387 13,870
Federal funds purchased and securities sold under agreements to repurchase 46 58 60
Other borrowings 32,443 16,978 4,815
Total Interest Expense 136,472 87,844 21,043
Net Interest Income 211,102 209,514 230,281
Less: Provision for credit loss expense 6,611 4,339 2,789
Net Interest Income After Provision for Credit Loss Expense 204,491 205,175 227,492
NONINTEREST INCOME      
Insurance commissions and fees 39,100 37,351 36,201
Wealth management fees 19,589 17,951 18,091
Service charges on deposit accounts 7,288 6,913 7,365
Card services income 12,057 11,488 11,024
Other income 10,061 6,511 5,925
Net gain (loss) on securities transactions 32 (69,973) (634)
Total Noninterest Income 88,127 10,241 77,972
NONINTEREST EXPENSE      
Salaries and wages 101,150 97,370 98,261
Other employee benefits 26,661 27,333 24,969
Net occupancy expense of premises 12,634 13,278 13,093
Furniture and fixture expense 7,666 8,663 8,058
Amortization of intangible assets 332 334 873
Other operating expense 51,199 56,314 50,497
Total Noninterest Expenses 199,642 203,292 195,751
Income Before Income Tax Expense 92,976 12,124 109,713
Income Tax Expense 22,003 2,495 24,557
Net Income Attributable to Noncontrolling Interests and Tompkins Financial Corporation 70,973 9,629 85,156
Less: Net Income Attributable to Noncontrolling Interests 123 124 126
Net Income Attributable to Tompkins Financial Corporation $ 70,850 $ 9,505 $ 85,030
Basic Earnings Per Share (in dollars per share) $ 4.98 $ 0.66 $ 5.92
Diluted Earnings Per Share (in dollars per share) $ 4.97 $ 0.66 $ 5.89