Tompkins Financial Corp Files Q3 2024 10-Q Report

TL;DR

Tompkins Financial Corp dropped its Q3 2024 10-Q. Check financials.

AI Summary

Tompkins Financial Corp filed its 10-Q for the period ending September 30, 2024. The filing details the company's financial performance and position as of Q3 2024. Key financial data and disclosures relevant to investors are included in this report.

Why It Matters

This 10-Q filing provides investors with a detailed look at Tompkins Financial Corp's financial health and operational performance during the third quarter of 2024.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.

Key Players & Entities

• TOMPKINS FINANCIAL CORP (company) — Filer
• 20240930 (date) — Period of Report
• 20241106 (date) — Filing Date
• 118 E SENECA STREET (address) — Business Address
• ITHACA (city) — Business Address City
• NY (state) — Business Address State
• 14850 (zip_code) — Business Address Zip

FAQ

Key Financial Figures

• $0.10 — ange on which registered Common Stock, $0.10 par value TMP NYSE American, LLC Indi
• $250,000 — PENSE Time certificates of deposits of $250,000 or more 4,158 3,158 12,216 7,472 Other

Filing Documents

• tmp-20240930.htm (10-Q) — 3945KB
• tmp2024-09x30ex311.htm (EX-31.1) — 12KB
• tmp2024-09x30ex312.htm (EX-31.2) — 12KB
• tmp2024-09x30ex321.htm (EX-32.1) — 6KB
• tmp2024-09x30ex322.htm (EX-32.2) — 7KB
• tmp-20240930_g1.jpg (GRAPHIC) — 752KB
• 0001005817-24-000027.txt ( ) — 21023KB
• tmp-20240930.xsd (EX-101.SCH) — 55KB
• tmp-20240930_cal.xml (EX-101.CAL) — 144KB
• tmp-20240930_def.xml (EX-101.DEF) — 385KB
• tmp-20240930_lab.xml (EX-101.LAB) — 825KB
• tmp-20240930_pre.xml (EX-101.PRE) — 642KB
• tmp-20240930_htm.xml (XML) — 5156KB

-FINANCIAL INFORMATION

PART I -FINANCIAL INFORMATION PAGE Item 1 –

Financial Statements

Financial Statements Consolidated Statements of Condition as of September 30, 2024 (Unaudited) and December 31, 2023 (Audited) 1 Consolidated Statements of Income for the three and nine months ended September 30, 2024 and 2023 (Unaudited) 2 Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2024 and 2023 (Unaudited) 3 Consolidated Statements of Cash Flows for the nine months ended September 30, 2024 and 2023 (Unaudited) 4 Consolidated Statements of Changes in Shareholders' Equity for the three and nine months ended September 30, 2024 and 2023 (Unaudited) 6 Notes to Unaudited Consolidated Financial Statements 8 Item 2 -

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 48 Item 3 -

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 68 Item 4 -

Controls and Procedures

Controls and Procedures 69

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1 –

Legal Proceedings

Legal Proceedings 69

– Risk Factors

Item 1A – Risk Factors 69 Item 2 – Unregistered Sales of Equity Securities and Use of Proceeds 70 Item 3 - Defaults Upon Senior Securities 70 Item 4 - Mine Safety Disclosures 70 Item 5 - Other Information 71 Item 6 - Exhibits 72

Financial Statements

Item 1. Financial Statements TOMPKINS FINANCIAL CORPORATION CONSOLIDATED STATEMENTS OF CONDITION (In thousands, except share and per share data) (Unaudited) As of As of ASSETS 9/30/2024 12/31/2023 (unaudited) (audited) Cash and noninterest bearing balances due from banks $ 110,375 $ 67,212 Interest bearing balances due from banks 21,945 12,330 Cash and Cash Equivalents 132,320 79,542 Available-for-sale debt securities, at fair value (amortized cost of $ 1,410,405 at September 30, 2024 and $ 1,548,482 at December 31, 2023) 1,309,279 1,416,650 Held-to-maturity debt securities, at amortized cost (fair value of $ 276,599 at September 30, 2024 and $ 267,455 December 31, 2023) 312,446 312,401 Equity securities, at fair value (amortized cost $ 801 at September 30, 2024 and $ 787 at December 31, 2023) 801 787 Total loans and leases, net of unearned income and deferred costs and fees 5,881,261 5,605,935 Less: Allowance for credit losses 55,384 51,584 Net Loans and Leases 5,825,877 5,554,351 Federal Home Loan Bank and other stock 30,936 33,719 Bank premises and equipment, net 77,603 79,687 Corporate owned life insurance 75,966 67,884 Goodwill 92,602 92,602 Other intangible assets, net 2,238 2,327 Accrued interest and other assets 146,359 179,799 Total Assets 8,006,427 7,819,749 LIABILITIES Deposits: Interest bearing: Checking, savings and money market 3,655,041 3,484,878 Time 1,042,007 998,013 Noninterest bearing 1,880,848 1,916,956 Total Deposits 6,577,896 6,399,847 Federal funds purchased and securities sold under agreements to repurchase 67,506 50,996 Other borrowings 539,327 602,100 Other liabilities 100,350 96,872 Total Liabilities 7,285,079 7,149,815 EQUITY Tompkins Financial Corporation shareholders' equity: Common Stock - par value $ 0.10 per share: Authorized 25,000,000 shares; Issued: 14,426,922 at September 30, 2024; and 14,441,830 at December 31, 2023 1,443 1,444 Additional paid-in capital 299,741 297,183 Retained ea

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