XML 60 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
INTEREST AND DIVIDEND INCOME    
Loans $ 36,954 $ 36,429
Due from banks 1 7
Trading securities 112 165
Available-for-sale securities 7,936 7,480
Held-to-maturity securities 152 191
Federal Home Loan Bank stock and Federal Reserve Bank stock 210 185
Total Interest and Dividend Income 45,365 44,457
INTEREST EXPENSE    
Time certificates of deposits of $100,000 or more 952 1,204
Other deposits 1,790 2,182
Federal funds purchased and securities sold under agreements to repurchase 817 1,010
Trust preferred debentures 570 687
Other borrowings 1,209 1,168
Total Interest Expense 5,338 6,251
Net Interest Income 40,027 38,206
Less: Provision for loan and lease losses 743 1,038
Net Interest Income After Provision for Loan and Lease Losses 39,284 37,168
NONINTEREST INCOME    
Insurance commissions and fees 7,257 7,261
Investment services income 4,010 3,788
Service charges on deposit accounts 2,116 1,908
Card services income 2,112 1,738
Mark-to-market loss on trading securities (59) (115)
Mark-to-market gain on liabilities held at fair value 65 77
Other income 1,839 2,366
Gain on sale of available-for-sale securities 94 367
Total Noninterest Income 17,434 17,390
NONINTEREST EXPENSES    
Salaries and wages 16,646 15,572
Pension and other employee benefits 6,045 6,070
Net occupancy expense of premises 3,260 3,061
Furniture and fixture expense 1,337 1,457
FDIC insurance 811 772
Amortization of intangible assets 527 557
Merger related expenses 0 196
Other operating expenses 9,584 9,835
Total Noninterest Expenses 38,210 37,520
Income Before Income Tax Expense 18,508 17,038
Income Tax Expense 5,906 5,495
Net Income Attributable to Noncontrolling Interests and Tompkins Financial Corporation 12,602 11,543
Less: Net income attributable to noncontrolling interests 33 33
Net Income Attributable to Tompkins Financial Corporation $ 12,569 $ 11,510
Basic Earnings Per Share (in dollars per share) $ 0.85 $ 0.80
Diluted Earnings Per Share (in dollars per share) $ 0.84 $ 0.79