Segment and Related Information

3 Months Ended

Mar. 31, 2012

Segment And Related Information

Segment and Related Information

11. 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 services 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, 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 the summary of significant accounting policies in the 2011 Annual Report on Form 10-K.

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.

As of and for the three months ended March 31, 2012
(in thousands)	Banking		Financial Services		Intercompany			Consolidated
Interest income	$	33,070	$	60	$	(2	)	$	33,128
Interest expense		5,689		0		(2	)		5,687
Net interest income		27,381		60		0			27,441
Provision for loan and lease losses		1,125		0		0			1,125
Noninterest income		4,839		7,181		(359	)		11,661
Noninterest expense		20,689		6,041		(359	)		26,371
Income before income tax expense		10,406		1,200		0			11,606
Income tax expense		3,333		429		0			3,762
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation		7,073		771		0			7,844
Less: Net income attributable to noncontrolling interests		33		0		0			33
Net Income attributable to Tompkins Financial Corporation	$	7,040	$	771	$	0		$	7,811
Depreciation and amortization	$	1,131	$	78	$	0		$	1,209
Assets		3,519,337		31,110		(3,753	)		3,546,694
Goodwill		23,600		21,053		0			44,653
Other intangibles, net		2,333		1,583		0			3,916
Net loans and leases		1,950,621		0		0			1,950,621
Deposits		2,863,031		0		(3,595	)		2,859,436
Total equity		282,863		23,104		0			305,967

As of and for the three months ended March 31, 2011
(in thousands)	Banking		Financial Services		Intercompany			Consolidated
Interest income	$	34,216	$	73	$	(2	)	$	34,287
Interest expense		6,747		0		(2	)		6,745
Net interest income		27,469		73		0			27,542
Provision for loan and lease losses		1,910		0		0			1,910
Noninterest income		5,557		7,263		(328	)		12,492
Noninterest expense		19,918		5,626		(328	)		25,216
Income before income tax expense		11,198		1,710		0			12,908
Income tax expense		3,493		609		0			4,102
Net Income attributable to noncontrolling interests and Tompkins Financial Corporation		7,705		1,101		0			8,806
Less: Net income attributable to noncontrolling interests		33		0		0			33
Net Income attributable to Tompkins Financial Corporation	$	7,672	$	1,101	$	0		$	8,773
Depreciation and amortization	$	1,097	$	77	$	0		$	1,174
Assets		3,255,200		28,654		(4,960	)		3,278,894
Goodwill		23,600		18,049		0			41,649
Other intangibles, net		2,785		1,254		0			4,039
Net loans and leases		1,886,309		0		0			1,886,309
Deposits		2,617,299		0		(4,782	)		2,612,517
Total equity		260,650		21,587		0			282,237