Segment and Related Information (Tables)

12 Months Ended

Dec. 31, 2024

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, 2024
(In thousands)	Banking		Insurance		Wealth Management		Intercompany		Consolidated
Interest income	$	347,574	$	5	$	0	$	(5)	$	347,574
Interest expense	136,477		0		0		(5)		136,472
Net interest income	211,097		5		0		0		211,102
Provision for credit loss expense	6,611		0		0		0		6,611
Noninterest income	29,991		39,762		20,488		(2,114)		88,127
Noninterest expense	157,320		28,983		15,453		(2,114)		199,642
Income before income tax expense	77,157		10,784		5,035		0		92,976
Income tax expense	17,807		2,943		1,253		0		22,003
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation	59,350		7,841		3,782		0		70,973
Less: Net income attributable to noncontrolling interests	123		0		0		0		123
Net Income attributable to Tompkins Financial Corporation	$	59,227	$	7,841	$	3,782	$	0	$	70,850

Depreciation and amortization	$	9,816	$	159	$	168	$	0	$	10,143
Assets	8,048,149		47,059		29,367		(15,495)		8,109,080
Goodwill	64,524		19,867		8,211		0		92,602
Other intangibles, net	1,166		1,015		22		0		2,203
Net loans and leases	5,963,426		0		0		0		5,963,426
Deposits	6,495,526		0		0		(23,721)		6,471,805
Total equity	637,414		38,534		37,496		0		713,444


As of and for the year ended December 31, 2023
(In thousands)	Banking		Insurance		Wealth Management		Intercompany		Consolidated
Interest income	$	297,358	$	5	$	0	$	(5)	$	297,358
Interest expense	87,849		0		0		(5)		87,844
Net interest income	209,509		5		0		0		209,514
Provision for credit loss expense	4,339		0		0		0		4,339
Noninterest income	(43,667)		37,868		18,262		(2,222)		10,241
Noninterest expense	162,312		28,770		14,432		(2,222)		203,292
(Loss) Income before income tax expense	(809)		9,103		3,830		0		12,124
Income tax (benefit) expense	(1,007)		2,548		954		0		2,495
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation	198		6,555		2,876		0		9,629
Less: Net income attributable to noncontrolling interests	124		0		0		0		124
Net Income attributable to Tompkins Financial Corporation	$	74	$	6,555	$	2,876	$	0	$	9,505

Depreciation and amortization	$	11,047	$	176	$	176	$	0	$	11,399
Assets	7,760,160		44,143		29,089		(13,643)		7,819,749
Goodwill	64,524		19,867		8,211		0		92,602
Other intangibles, net	956		1,336		35		0		2,327
Net loans and leases	5,554,351		0		0		0		5,554,351
Deposits	6,419,872		0		0		(20,025)		6,399,847
Total equity	601,598		36,176		32,160		0		669,934


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
Provision 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