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Segment and Related Information
3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Segment and Related Information
Segment and Related Information
 
The Company manages its operations through three reportable business segments in accordance with the standards set forth in FASB ASC 280, “Segment Reporting”: (i) banking (“Banking”), (ii) insurance (“Tompkins Insurance”) and (iii) wealth management (“Tompkins Financial Advisors”). The Company’s insurance services and wealth management services, other than trust services, are managed separately from the Banking segment.
 
Banking
 
The Banking segment is primarily comprised of the Company’s four banking subsidiaries: Tompkins Trust Company, a commercial bank with fourteen banking offices located in Ithaca, NY and surrounding communities; The Bank of Castile (DBA Tompkins Bank of Castile), a commercial bank with seventeen banking offices located in the Genesee Valley region of New York State as well as Monroe County; Mahopac Bank (DBA Tompkins Mahopac Bank), a commercial bank with fourteen full-service banking offices located in the counties north of New York City; and VIST Bank (DBA Tompkins VIST Bank), a banking organization with twenty-one banking offices headquartered and operating in the areas surrounding southeastern Pennsylvania.
 
Insurance
 
The Company provides property and casualty insurance services and employee benefits consulting through Tompkins Insurance Agencies, Inc., a 100% wholly-owned subsidiary of the Company, headquartered in Batavia, New York. Tompkins Insurance is an independent insurance agency, representing many major insurance carriers and provides employee benefit consulting to employers in Western and Central New York and Southeastern Pennsylvania, assisting them with their medical, group life insurance and group disability insurance. Tompkins Insurance has five stand-alone offices in Western New York, one stand-alone office in Tompkins County, New York and one stand-alone office in Montgomery County, Pennsylvania.
 
Wealth Management
 
The Wealth Management segment is generally organized under the Tompkins Financial Advisors brand. Tompkins Financial Advisors offers a comprehensive suite of financial services to customers, including trust and estate services, investment management and financial and insurance planning for individuals, corporate executives, small business owners and high net worth individuals. Tompkins Financial Advisors has offices in each of the Company’s four subsidiary banks. 

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, insurance and wealth management services segments. 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 2017 Annual Report on Form 10-K.
 
As of and for the three months ended March 31, 2018
(in thousands)
Banking
 
Insurance
 
Wealth Management
 
Intercompany
 
Consolidated
Interest income
$
60,140

 
$
1

 
$
0

 
$
(1
)
 
$
60,140

Interest expense
7,454

 
0

 
0

 
(1
)
 
7,453

 Net interest income  
52,686

 
1

 
0

 
0

 
52,687

Provision for loan and lease losses
567

 
0

 
0

 
0

 
567

Noninterest income
6,411

 
7,488

 
4,408

 
(477
)
 
17,830

Noninterest expense
34,757

 
6,239

 
3,202

 
(477
)
 
43,721

 Income before income tax expense
23,773

 
1,250

 
1,206

 
0

 
26,229

Income tax expense
5,130

 
350

 
281

 
0

 
5,761

Net Income attributable to noncontrolling interests and Tompkins Financial Corporation
18,643

 
900

 
925

 
0

 
20,468

Less:  Net income attributable to noncontrolling interests
32

 
0

 
0

 
0

 
32

Net Income attributable to Tompkins Financial Corporation
$
18,611

 
$
900

 
$
925

 
$
0

 
$
20,436

 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
$
2,399

 
$
61

 
$
13

 
$
0

 
$
2,473

Assets
6,602,289

 
41,046

 
17,434

 
(12,641
)
 
6,648,128

Goodwill
64,370

 
19,710

 
8,211

 
0

 
92,291

Other intangibles, net
4,871

 
3,657

 
263

 
0

 
8,791

Net loans and leases
4,664,635

 
0

 
0

 
0

 
4,664,635

Deposits
4,942,298

 
0

 
0

 
(12,395
)
 
4,929,903

Total Equity
530,536

 
33,218

 
15,657

 
0

 
579,411

 As of and for the three months ended March 31, 2017
(in thousands)
Banking
 
Insurance
 
Wealth
Management
 
Intercompany
 
Consolidated
Interest income
$
53,621

 
$
0

 
$
0

 
$
0

 
$
53,621

Interest expense
5,587

 
0

 
0

 
0

 
5,587

 Net interest income  
48,034

 
0

 
0

 
0

 
48,034

Provision for loan and lease losses
769

 
0

 
0

 
0

 
769

Noninterest income
6,403

 
7,316

 
3,910

 
(389
)
 
17,240

Noninterest expense
32,488

 
6,080

 
3,189

 
(389
)
 
41,368

 Income before income tax expense
21,180

 
1,236

 
721

 
0

 
23,137

Income tax expense
6,672

 
474

 
242

 
0

 
7,388

Net Income attributable to noncontrolling interests and Tompkins Financial Corporation
14,508

 
762

 
479

 
0

 
15,749

Less:  Net income attributable to noncontrolling interests
32

 
0

 
0

 
0

 
32

Net Income attributable to Tompkins Financial  Corporation
$
14,476

 
$
762

 
$
479

 
$
0

 
$
15,717

 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
$
1,691

 
$
82

 
$
14

 
$
0

 
$
1,787

Assets
6,235,516

 
39,915

 
14,678

 
(10,062
)
 
6,280,047

Goodwill
64,370

 
19,710

 
8,211

 
0

 
92,291

Other intangibles, net
6,107

 
4,324

 
336

 
0

 
10,767

Net loans and leases
4,261,627

 
0

 
0

 
0

 
4,261,627

Deposits
4,860,625

 
0

 
0

 
(10,040
)
 
4,850,585

Total Equity
519,723

 
31,148

 
12,647

 
0

 
563,518