XML 23 R28.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Parent Company Only Financial Statements
12 Months Ended
Dec. 31, 2011
Parent Company Only Financial Statements  
Condensed Parent Company Only Financial Statements

Note 21 Condensed Parent Company Only Financial Statements
 
Condensed financial statements for Tompkins (the Parent Company) as of December 31 are presented below.

Condensed Statements of Condition
 
 
 
             
(in thousands)
 
2011
   
2010
 
Assets
 
 
   
 
 
 
 
 
   
 
 
Cash
  $ 6,241     $ 9,939  
Available-for-sale securities, at fair value
    225       225  
Investment in subsidiaries, at equity
    316,011       295,156  
Other
    8,657       8,760  
Total Assets
  $ 331,134     $ 314,080  
 
               
Liabilities and Shareholders’ Equity
               
 
               
Borrowings
  $ 10,770     $ 19,443  
Trust preferred debentures issued to non-consolidated subsidiary
    21,161       21,161  
Other liabilities
    1,512       1,520  
Tompkins Financial Corporation Shareholders’ Equity
    297,691       271,956  
Total Liabilities and Shareholders’ Equity
  $ 331,134     $ 314,080  
 
Condensed Statements of Income
 
 
 
 
   
 
   
 
 
(in thousands)
 
2011
   
2010
   
2009
 
Dividends from available-for-sale securities
  $ 1     $ 1     $ 1  
Dividends received from subsidiaries
    19,025       23,925       8,726  
Other Income
    461       30       613  
Total Operating Income
    19,487       23,956       9,340  
 
                       
Interest expense
    1,790       1,812       1,389  
Other expenses
    4,820       4,397       4,907  
Total Operating Expenses
    6,610       6,209       6,296  
Income Before Taxes and Equity in Undistributed
Earnings of Subsidiaries
    12,877       17,747       3,044  
Income tax benefit
    3,333       2,818       2,224  
Equity in undistributed earnings of subsidiaries
    19,209       13,266       26,563  
Net Income
  $ 35,419     $ 33,831     $ 31,831  
 
Condensed Statements of Cash Flows
 
   
(in thousands)
 
2011
   
2010
   
2009
 
OPERATING ACTIVITIES
 
 
   
 
   
 
 
Net income
  $ 35,419     $ 33,831     $ 31,831  
Adjustments to reconcile net income to net cash provided by operating activities
                       
Equity in undistributed earnings of subsidiaries
    (19,209 )     (13,266 )     (26,563 )
Other, net
    582       617       972  
Net Cash Provided by Operating Activities
    16,792       21,182       6,240  
INVESTING ACTIVITIES
                       
 
                       
Investments in subsidiaries
    (137 )     (137 )     (13,385 )
Other, net
    (613 )     (2,786 )     (1,238 )
Net Cash Used in Investing Activities
    (750 )     (2,923 )     (14,623 )
FINANCING ACTIVITIES
                       
 
                       
Borrowings, net
    (8,673 )     (5,557 )     22,072  
Cash dividends
    (15,420 )     (14,381 )     (13,208 )
Cash issued in lieu of fractional shares for 10% stock dividend
    0       (7 )     0  
Repurchase of common shares
    (17 )     0       (178 )
Shares issued for dividend reinvestment plans
    2,435       2,872       631  
Shares issued for employee stock ownership plan
    1,053       1,278       0  
Net proceeds from exercise of stock options
    866       1,549       955  
Tax benefits of stock options exercised
    16       212       163  
Net Cash (Used in) Provided by Financing Activities
    (19,740 )     (14,034 )     10,435  
Net (decrease) increase in cash
    (3,698 )     4,225       2,052  
Cash at beginning of year
    9,939       5,714       3,662  
Cash at End of Year
  $ 6,241     $ 9,939     $ 5,714  
 
A Statement of Changes in Shareholders’ Equity has not been presented since it is the same as the Consolidated Statement of Changes in shareholders’ Equity previously presented.