Mergers and Acquisitions	12 Months Ended
Dec. 31, 2011
Mergers And Acquisitions
Mergers and Acquisitions	Note 2 Mergers and Acquisitions The acquisition discussed below was accounted for as a purchase transaction. The purchase price was allocated to the underlying assets and liabilities based on estimated fair values at the date of acquisition. The operating results of the acquired company are included in the Company’s results of operations since their respective date of acquisition. On June 1, 2011, Tompkins Insurance acquired all the outstanding shares of Olver & Associates, Inc, (“Olver”), a property and casualty insurance agency located in Ithaca, New York. The two principal officers and staff continued with Olver after the acquisition. The acquisition-date fair value of the merger consideration was $3.2 million and included $250,000 of cash and 75,188 shares of Tompkins’ common stock. Including the present value of expected contingent payments, the Company recorded the following intangible assets as a result of the acquisition: goodwill ($2.3 million), customer related intangible ($403,000) and a covenant-not-to-compete ($190,000). The values of the customer related intangible and covenant-not-to-compete are being amortized over 15 years and 5 years, respectively. The goodwill is not being amortized but will be evaluated at least annually for impairment. The goodwill is not deductible for taxes. The agreement also provided for the possibility of annual contingent post-closing payments, based upon certain criteria being met. Maximum contingent payments are $50,000 in 2015 and $50,000 in 2016, and are payable in Tompkins’ common stock.

Mergers and Acquisitions

12 Months Ended

Dec. 31, 2011

Note 2 Mergers and Acquisitions

The acquisition discussed below was accounted for as a purchase transaction. The purchase price was allocated to the underlying assets and liabilities based on estimated fair values at the date of acquisition. The operating results of the acquired company are included in the Company’s results of operations since their respective date of acquisition.

On June 1, 2011, Tompkins Insurance acquired all the outstanding shares of Olver & Associates, Inc, (“Olver”), a property and casualty insurance agency located in Ithaca, New York. The two principal officers and staff continued with Olver after the acquisition. The acquisition-date fair value of the merger consideration was $3.2 million and included $250,000 of cash and 75,188 shares of Tompkins’ common stock. Including the present value of expected contingent payments, the Company recorded the following intangible assets as a result of the acquisition: goodwill ($2.3 million), customer related intangible ($403,000) and a covenant-not-to-compete ($190,000). The values of the customer related intangible and covenant-not-to-compete are being amortized over 15 years and 5 years, respectively. The goodwill is not being amortized but will be evaluated at least annually for impairment. The goodwill is not deductible for taxes. The agreement also provided for the possibility of annual contingent post-closing payments, based upon certain criteria being met. Maximum contingent payments are $50,000 in 2015 and $50,000 in 2016, and are payable in Tompkins’ common stock.