Segment and Related Information

12 Months Ended

Dec. 31, 2011

Segment And Related Information

Segment and Related Information

Note 22 Segment and Related Information

The Company manages its operations through two business segments: banking and financial services.  Financial services activities consist of the results of the Company’s trust, financial planning and wealth management, broker-dealer, and risk management operations.  All other activities, including holding company activities, are considered banking.  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, 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 the summary of significant accounting policies.

 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 segment.

As of and for the year ended December 31, 2011
(in thousands)	Banking		Financial Services		Intercompany			Consolidated
Interest income	$	136,827	$	272	$	(11	)	$	137,088
Interest expense		25,692		1		(11	)		25,682
Net interest income		111,135		271		0			111,406
Provision for loan and lease losses		8,945		0		0			8,945
Noninterest income		21,095		28,196		(1,277	)		48,014
Noninterest expense		77,480		22,349		(1,277	)		98,552
Income before income tax expense		45,805		6,118		0			51,923
Income tax expense		14,171		2,202		0			16,373
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation		31,634		3,916		0			35,550
Less:  Net income attributable to noncontrolling interests		131		0		0			131
Net Income attributable to Tompkins Financial Corporation	$	31,503	$	3,916	$	0		$	35,419
Depreciation and amortization	$	4,453	$	305	$	0		$	4,758
Assets		3,373,893		29,956		(3,601	)		3,400,248
Goodwill		23,600		20,298		0			43,898
Other intangibles, net		2,458		1,638		0			4,096
Net loans and leases		1,954,256		0		0			1,954,256
Deposits		2,663,905		0		(3,341	)		2,660,564
Total equity		276,311		22,832		0			299,143

As of and for the year ended December 31, 2010
(in thousands)	Banking		Financial Services		Intercompany			Consolidated
Interest income	$	143,766	$	314	$	(18	)	$	144,062
Interest expense		32,303		2		(18	)		32,287
Net interest income		111,463		312		0			111,775
Provision for loan and lease losses		8,507		0		0			8,507
Noninterest income		20,157		27,002		(1,000	)		46,159
Noninterest expense		78,065		21,980		(1,000	)		99,045
Income before income tax expense		45,048		5,334		0			50,382
Income tax expense		14,451		1,969		0			16,420
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation		30,597		3,365		0			33,962
Less:  Net income attributable to noncontrolling interests		131		0		0			131
Net Income attributable to Tompkins Financial Corporation	$	30,466	$	3,365	$	0		$	33,831
Depreciation and amortization	$	4,384	$	281	$	0		$	4,665
Assets		3,236,333		27,144		(3,134	)		3,260,343
Goodwill		23,600		18,049		0			41,649
Other intangibles, net		2,898		1,309		0			4,207
Net loans and leases		1,882,526		0		0			1,882,526
Deposits		2,498,716		0		(2,843	)		2,495,873
Total equity		252,055		21,353		0			273,408

For the year ended December 31, 2009
(in thousands)	Banking		Financial Services		Intercompany			Consolidated
Interest income	$	146,563	$	260	$	(28	)	$	146,795
Interest expense		39,783		3		(28	)		39,758
Net interest income		106,780		257		0			107,037
Provision for loan and lease losses		9,288		0		0			9,288
Noninterest income		21,209		25,574		(570	)		46,213
Noninterest expense		76,650		20,537		(570	)		96,617
Income before income tax expense		42,051		5,294		0			47,345
Income tax expense		13,492		1,891		0			15,383
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation		28,559		3,403		0			31,962
Less:  Net income attributable to noncontrolling interests		131		0		0			131
Net Income attributable to Tompkins Financial Corporation	$	28,428	$	3,403	$	0		$	31,831