Comprehensive Income

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Comprehensive Income

Note 4 Comprehensive Income

Comprehensive income for the three years ended December 31 is summarized below:

(in thousands)	2011			2010			2009
Net income attributable to noncontrolling interests and Tompkins Financial Corporation	$	35,550		$	33,962		$	31,962
Other comprehensive income (loss), net of tax:
Unrealized gain on available-for-sale securities:
Net unrealized holding gain on available-for-sale securities arising during the year (pre-tax net unrealized holding gain was $16,736 in 2011, $1,536 in 2010 and $8,048 in 2009)		10,044			923			4,829
Reclassification adjustment for net realized gain on sale included in of available-for-sale securities (pre-tax net gain of $396 in 2011, $180 in 2010 and $348 in 2009)		(238	)		(109	)		(209	)
Other-than-temporary impairment on available-for-sale securities (pre-tax unrealized (loss) gain of $(113) in 2011, $1,300 in 2010 and $(1,633) in 2009)1		(68	)		780			(980	)
Employee benefit plans:
Net retirement plan loss (pre-tax amounts of $20,993 for 2011, $1,863 in 2010, and $214 in 2009)		(12,595	)		(1,118	)		(128	)
Net retirement plan prior service cost (credit) (pre-tax amounts of $793 in 2011, $(386) in 2010, and $0 in 2009)		(476	)		232			0
Amortization of net retirement plan actuarial gain (pre-tax amounts of $(1,467) in 2011, $(1,955) in 2010, and $(1,593) in 2009)		880			1,172			956
Amortization of net retirement plan prior service cost (credit) (pre-tax amounts of $6 in 2011, $155 in 2010, and $(12) in 2009)		(4	)		(93	)		7
Amortization of net retirement plan transition liability (pre-tax amount of $67 in 2011, 2010 and 2009)		40			40			40
Other comprehensive (loss) income		(2,417	)		1,827			4,515
Subtotal comprehensive income attributable to noncontrolling interests and Tompkins Financial Corporation		33,133			35,789			36,477
Less: Other comprehensive income attributable to noncontrolling interests		(131	)		(131	)		(131	)
Total comprehensive income attributable to Tompkins Financial Corporation	$	33,002		$	35,658		$	36,346

1 In 2011, other-than-temporary impairment (“OTTI”) on securities available-for-sale totaling $178,000 in losses were recognized which included $113,000 recognized in AOCI, and $65,000 of OTTI losses recognized in noninterest income. In 2010, OTTI on securities available-for-sale totaling $34,000 was recognized in noninterest income. There were no additional non-credit OTTI losses on these securities in 2010. In 2009, OTTI on securities available-for-sale totaling $1.8 million in losses were recognized which included $1.6 million recognized in AOCI, and $146,000 of OTTI losses recognized in noninterest income.

The components of accumulated other comprehensive loss, net of tax, as of year-end were as follows:

(in thousands)	2011			2010			2009
Net unfunded liability for employee benefit plans	$	(26,895	)	$	(14,740	)	$	(14,973	)
Net unrealized gain on available-for-sale securities		23,218			13,480			11,886
Total accumulated other comprehensive loss	$	(3,677	)	$	(1,260	)	$	(3,087	)