XML 18 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
OPERATING ACTIVITIES    
Net income attributable to Tompkins Financial Corporation $ 20,436 $ 15,717
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan and lease losses 567 769
Depreciation and amortization of premises, equipment, and software 2,473 1,787
Amortization of intangible assets 451 493
Earnings from corporate owned life insurance (517) (630)
Net amortization on securities 2,371 2,782
Amortization/accretion related to purchase accounting (972) (747)
Net gain on securities transactions 124 0
Net gain on sale of loans originated for sale (21) (13)
Proceeds from sale of loans originated for sale 840 53
Loans originated for sale (824) (40)
Net gain on sale of bank premises and equipment (6) (6)
Net excess tax benefit from stock based compensation 56 299
Stock-based compensation expense 855 706
Decrease in accrued interest receivable (734) (1,425)
Decrease in accrued interest payable (92) (146)
Other, net (5,862) (4,690)
Net Cash Provided by Operating Activities 19,145 14,909
INVESTING ACTIVITIES    
Proceeds from maturities, calls and principal paydowns of available-for-sale securities 35,611 38,492
Proceeds from sales of available-for-sale securities 45,885 0
Proceeds from maturities, calls and principal paydowns of held-to-maturity securities 1,447 1,227
Purchases of available-for-sale securities (82,256) (37,169)
Purchases of held-to-maturity securities (1,461) (750)
Net increase in loans (35,579) (39,601)
Net decrease in Federal Home Loan Bank stock 3,478 8,120
Proceeds from sale of bank premises and equipment 17 19
Purchases of bank premises and equipment (7,127) (7,397)
Other, net 0 1,711
Net Cash Used in Investing Activities (39,985) (35,348)
FINANCING ACTIVITIES    
Net increase in demand, money market, and savings deposits 154,746 220,639
Net (decrease) increase in time deposits (61,896) 5,092
Net (decrease) increase in Federal funds purchased and securities sold under agreements to repurchase (6,046) 1,654
Increase in other borrowings 118,332 45,000
Repayment of other borrowings (195,000) (212,530)
Redemption of trust preferred debentures 0 (21,161)
Cash dividends (7,328) (6,815)
Repurchase of common stock (1,205) 0
Shares issued for dividend reinvestment plan 0 1,078
Shares issued for employee stock ownership plan 3,073 2,296
Net proceeds from exercise of stock options (37) (296)
Net Cash Provided by Financing Activities 4,639 34,957
Net (Decrease) Increase in Cash and Cash Equivalents (16,201) 14,518
Cash and cash equivalents at beginning of period 84,303 63,954
Total Cash & Cash Equivalents at End of Period 68,102 78,472
Supplemental Information:    
Cash paid during the year for - Interest 8,300 6,018
Cash paid during the year for - Taxes 62 89
Transfer of loans to other real estate owned $ 0 $ 2,520