XML 20 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING ACTIVITIES    
Net income attributable to Tompkins Financial Corporation $ 14,180 $ 12,680
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 855 209
Depreciation and amortization of premises, equipment, and software 1,685 1,568
Amortization of intangible assets 527 507
Earnings from corporate owned life insurance (616) (614)
Net amortization on securities 2,581 2,744
Amortization/accretion related to purchase accounting (773) (1,590)
Mark-to-market loss on trading securities 46 63
Mark-to-market gain on liabilities held at fair value (57) (41)
Net gain on securities transactions (232) (290)
Net gain on sale of loans originated for sale (23) (4)
Proceeds from sale of loans originated for sale 823 331
Loans originated for sale (301) (426)
Net loss on sale of bank premises and equipment 12 0
Stock-based compensation expense 496 386
Increase in accrued interest receivable (1,051) (339)
(Decrease) increase in accrued interest payable (94) 73
Proceeds from maturities and payments of trading securities 296 320
Other, net (832) 2,620
Net Cash Provided by Operating Activities 17,522 18,197
INVESTING ACTIVITIES    
Proceeds from maturities, calls and principal paydowns of available-for-sale securities 63,401 67,132
Proceeds from sales of available-for-sale securities 35,060 16,257
Proceeds from maturities, calls and principal paydowns of held-to-maturity securities 1,726 1,922
Purchases of available-for-sale securities (126,013) (124,906)
Purchases of held-to-maturity securities (760) (10,890)
Net increase in loans (49,340) (33,000)
Net decrease in Federal Home Loan Bank stock 4,242 224
Proceeds from sale of bank premises and equipment 22 0
Purchases of bank premises and equipment (1,482) (1,222)
Net cash used in acquisition (218) 0
Other, net (789) 259
Net Cash Used in Investing Activities (74,151) (84,224)
FINANCING ACTIVITIES    
Net increase in demand, money market, and savings deposits 127,913 94,718
Net increase in time deposits 32,337 19,280
Net decrease in Federal funds purchases and securities sold under agreements to repurchase (19,828) (10,985)
Increase in other borrowings 115,524 73,950
Repayment of other borrowings (196,410) (99,600)
Cash dividends (6,594) (6,261)
Repurchase of common stock (1,166) 0
Shares issued for employee stock ownership plan 1,938 1,595
Net shares issued related to restricted stock awards (1) 0
Net proceeds from exercise of stock options 103 1,120
Tax benefit from stock option exercises 70 136
Net Cash Provided by Financing Activities 53,886 73,953
Net (Decrease) Increase in Cash and Cash Equivalents (2,743) 7,926
Cash and cash equivalents at beginning of period 58,257 56,070
Total Cash & Cash Equivalents at End of Period 55,514 63,996
Supplemental Information:    
Cash paid during the quarter for - Interest 5,693 5,313
Cash paid during the quarter for - Taxes 2,415 183
Noncash investing and financing activities:    
Fair value for non-cash assets other than goodwill acquired in purchase acquisitions 115 0
Fair value of liabilities assumed in purchase acquisitions 51 0
Goodwill related to acquisitions 824 0
Fair value of shares issued for acquisitions 1,708 0
Transfer of loans to other real estate owned $ 172 $ 187