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Tompkins Community Bank

Tompkins expands presence in Buffalo

By Howard B. Owens

Press release:

Tompkins Bank of Castile is expanding its presence in Western New York, adding a new role to lead the further development of its commercial lending customer base in Erie and Niagara counties. The bank is also beginning a search for office space in the Buffalo area to support this expansion.

Adam Desmond, a banking industry veteran who is native to Buffalo, has been named Regional Market Leader for the Buffalo market. Desmond joined the company on April 3 and will lead the efforts to further grow the bank’s presence in the area.

“We are excited to have Adam lead our effort to significantly expand our growing presence in the Buffalo area,” said John McKenna, Tompkins Bank of Castile President & CEO. “He brings extensive banking experience, a deep network and knowledge of the Buffalo market to our team.”

Desmond joins Tompkins Bank of Castile with more than 15 years of financial services industry experience in Buffalo. In addition to his professional experience in Buffalo, Desmond was born and raised in the area and lives on Grand Island, N.Y., with his wife and children. He is active in the community, including serving as Vice Chairman of the board of the Buffalo chapter of Literacy New York. Desmond completed a bachelor’s degree with a concentration in Finance at the University of Buffalo and an MBA with a concentration in Accounting at Canisius College.

As the company looks to establish an office location in the Buffalo market, there are plans to add additional team members to support banking, insurance and wealth management customers. Founded in 1869, Tompkins Bank of Castile has a tradition of providing long-term value for its clients in Western New York.

“As a community bank, we pride ourselves on our local decision-making, which allows us to help local businesses grow,” said McKenna. “Establishing an office in the Buffalo area will allow us to provide even better service to our growing customer base across all Tompkins businesses in Erie and Niagara counties.”  

Tompkins Insurance has expanded staff on duty today to help with storm-related calls

By Howard B. Owens

Press release:

Tompkins Insurance has expanded staff on duty today  from 8 a.m. to noon to assist our customers with claims due to the storm.  In addition we are available 24 hours per day 365 days a year. Thank you for allowing us to be your trusted insurance advisor.

Tompkins can be reached at (888) 261-2688.

Tompkins announces third Community Minute Challenge

By Howard B. Owens

Press release:

Proving that a minute can matter, Tompkins Bank of Castile is launching its third round of the quarterly Community Minute Challenge. Each quarterly winner is awarded $2,500; by the end of the contest, a total of $10,000 will have been provided in much-needed funds to local not-for-profit organizations.

“The response to the Community Minute Challenge has been tremendous, and we’re thrilled to be able to help shine a light on the important services that are provided by not-for-profit organizations in our area,” said John McKenna, bank president and CEO.

The third round will begin Feb. 27 and run through March 13. The winning organization is determined by public voting on the Bank of Castile Facebook page, where visitors can watch the one-minute videos produced by participating nonprofits and then vote for their favorite. Each video explains how the nonprofit would use the awarded funds. The six organizations competing in this round are:

  • Al Sigl Community of Agencies (Monroe County)
  • Batavia Rotary (Genesee County)
  • Focus on the Children (Livingston County)
  • Genesee Amateur Hockey Association (Genesee County) 
  • Villa of Hope (Monroe County) 
  • Wyoming County Community Action (Wyoming County)  

To show support for the initiative and cast a vote, participants should “like” the Tompkins Bank of Castile Facebook page at www.facebook.com/TompkinsBankofCastile and click on the Community Minute Challenge app. They can then select their favorite nonprofit after watching the one-minute videos. Individuals can vote once per day during the contest period.

Launched in August 2016, the Community Minute Challenge has awarded $5,000 to date. The first-round winner was Going to the Dogs Rescue in Wyoming County, an organization dedicated to helping homeless pets find loving forever homes. The second-round winner was ARC of Genesee Orleans, a resource of choice for people with disabilities and their families in both Genesee and Orleans counties. Photos of the previous winners are available upon request. A fourth round of the Community Minute Challenge will launch later in 2017.

Tompkins Financial Corporation Reports Cash Dividend

By Howard B. Owens

Press release:

Tompkins Financial Corporation announced today that its Board of Directors approved payment of a regular quarterly cash dividend of $0.45 per share, payable on February 15, 2017, to common shareholders of record on February 7, 2017.

Tompkins Financial Corporation is a financial services company serving the Central, Western, and Hudson Valley regions of New York and the Southeastern region of Pennsylvania. Headquartered in Ithaca, NY, Tompkins Financial is parent to Tompkins Trust Company, Tompkins Bank of Castile, Tompkins Mahopac Bank, Tompkins VIST Bank, Tompkins Insurance Agencies, Inc., and offers wealth management services through Tompkins Financial Advisors. For more information on Tompkins Financial, visit www.tompkinsfinancial.com.

Tompkins Financial Corporation Reports Record Fourth Quarter and Full Year Earnings

By Howard B. Owens

Press release:

Tompkins Financial Corporation (NYSEMKT:TMP) reported record diluted earnings per share of $0.99 for the fourth quarter of 2016, a 7.6% increase from the $0.92 reported in the fourth quarter of 2015. Net income for the fourth quarter of 2016 was $15.1 million, up 9.1% compared to the $13.9 million reported for the same period in 2015.

President and CEO, Stephen S. Romaine said "We are very pleased to end 2016 with the best fourth quarter in our Company’s long history. Fourth quarter performance reflects the ongoing success of our business development efforts that have produced solid growth in net loan and deposit balances, which are up 12.9% and 5.2%, respectively over 2015. Growth in these key balance sheet categories gives us very good momentum as we head into 2017.”

Full year results reflect the best earnings per share in Company history. For the year ended December 31, 2016, diluted earnings per share were $3.91, an increase of 1.0%, over the $3.87 per share reported in 2015. The record results for 2016 are especially noteworthy given that results for 2015 included a non-recurring curtailment gain of $3.6 million after tax ($0.24 per share) related to changes to the Company’s pension plan, which was recognized in the second quarter of 2015. Refer to the table of “NON-GAAP MEASURES” included in this press release for additional details. Full year and quarterly results for 2016 reflect the impact of the early adoption of Accounting Standards Update (ASU) 2016-09, Improvements to Employee Share-Based Payment Accounting, which is more fully described in Footnote 10 of this press release.

SELECTED HIGHLIGHTS FOR FOURTH QUARTER:

  • Net interest income of $46.4 million for the current quarter was up 6.8% compared to the fourth quarter of 2015
  • Total loans of $4.3 billion at year end 2016 were up 12.9% over year end 2015
  • Noninterest bearing deposit balances of $1.2 billion at year end 2016 are up 8.6% over year end 2015
  • Nonperforming assets of $22.6 million at year end 2016, though up $3.3 million from the most recent prior quarter, reflect a decrease of 7.8% from year end 2015.
  • During the quarter, the Company announced that it will redeem approximately $20.5 million of 7% Fixed Rate Trust Preferred securities, effective January 31, 2017. For purposes of calculating regulatory capital, these securities were not included as part of Tier 1 capital at year end 2016.

NET INTEREST INCOME

Net interest income of $46.4 million for the fourth quarter of 2016 increased by $2.9 million, or 6.8% compared to the same period in 2015. For the full year, net interest income was $180.6 million, up $12.3 million, or 7.3% from the same period in 2015.

Growth in net interest income was largely driven by $447.7 million of growth in average total loans since the fourth quarter of 2015, an increase of 12.1%. The loan growth was supported, in part, by a $212.7 million increase in average total deposits over the same period. The net interest margin was 3.30% in the fourth quarter, down from 3.31% for the most recent prior quarter, and 3.35% for the same quarter last year.

NONINTEREST INCOME

Noninterest income was $16.3 million for the fourth quarter of 2016, and was down $1.6 million or 8.9% compared to the same period in 2015. For the full year, noninterest income of $68.8 million is down from $71.9 million reported for 2015. Prior year-to-date results included net gains on the sale of other real estate owned of $946,000, which were higher by $860,000, when compared to the current year-to-date period. Fee based revenue for 2016 (including insurance, wealth management, and banking related fees), was relatively flat compared to the prior year.

NONINTEREST EXPENSE

Noninterest expense was $39.4 million for the fourth quarter of 2016, approximately flat, when compared to that same quarter in 2015. For the full year, noninterest expenses were $158.6 million in 2016, up $8.7 million, or 5.8% over 2015. The current full year results included $313,000 of expense related to the early termination of an FDIC loss share agreement, which was recognized in the third quarter of 2016; and $546,000 of deconversion expenses related to a core system conversion planned for 2017. The deconversion expenses include $306,000 of expenses that were recognized in the fourth quarter of 2016. Prior year noninterest expenses benefited from a $6.0 million (pretax) non-recurring curtailment gain (recognized in the second quarter of 2015) related to a change in the Company’s defined benefit pension plan.

ASSET QUALITY

Asset quality trends remained strong in the fourth quarter of 2016. Nonperforming assets were down $1.9 million or 7.8% compared to the fourth quarter in 2015; though they were up $3.3 million or 17.0% from the most recent prior quarter. Nonperforming assets represented 0.36% of total assets at December 31, 2016, compared to 0.32% at September 30, 2016, and 0.43% at December 31, 2015. Nonperforming asset levels continue to be well below the most recent Federal Reserve Board Peer Group Average1 of 0.77%.

The provision for loan and lease losses was $1.7 million for the fourth quarter of 2016, up from $1.5 million in the fourth quarter of 2015. Full year provision expense was $4.3 million in 2016, up from $2.9 million in 2015. The year-over-year increase in provision expense is primarily due to loan growth, as well as higher net recoveries in the prior period. Net charge-offs for 2016 were $571,000 compared to net recoveries of $62,000 reported in 2015.

The Company’s allowance for originated loan and lease losses totaled $35.6 million at December 31, 2016, and represented 0.92% of total originated loans and leases at December 31, 2016, compared to 0.95% at December 31, 2015. The total allowance represented 165.0% of total nonperforming loans and leases at December 31, 2016, up from 146.7% at December 31, 2015.

CAPITAL POSITION

Capital ratios remain well above the regulatory well-capitalized minimums. The ratio Tier 1 capital to average assets of 8.41% at December 31, 2016, compared to 8.82% reported for December 31, 2015. Total capital to risk-weighted assets at December 31, 2016 was 12.22%, compared to 13.03% reported at December 31, 2015. Contributing to the decline in capital levels in the fourth quarter of 2016 was the exclusion from Tier I capital of $20.5 million in 7% Fixed Rate Trust preferred securities, which the Company plans to redeem in January 2017.

ABOUT TOMPKINS FINANCIAL CORPORATION

Tompkins Financial Corporation is a financial services company serving the Central, Western, and Hudson Valley regions of New York and the Southeastern region of Pennsylvania. Headquartered in Ithaca, NY, Tompkins Financial is parent to Tompkins Trust Company, Tompkins Bank of Castile, Tompkins Mahopac Bank, Tompkins VIST Bank, Tompkins Insurance Agencies, Inc., and offers wealth management services through Tompkins Financial Advisors. For more information on Tompkins Financial, visit www.tompkinsfinancial.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform of 1995:

This press release may include forward-looking statements with respect to revenue sources, growth, market risk, and corporate objectives. The Company assumes no duty, and specifically disclaims any obligation, to update forward-looking statements, and cautions that these statements are subject to numerous assumptions, risks, and uncertainties, all of which could change over time. Actual results could differ materially from forward-looking statements.

For more details, click here.

 

Batavia resident promoted to marketing officer.

By Lisa Ace

Press Release: BATAVIA – Krysia Mager has been promoted to assistant vice president, marketing officer of Tompkins Bank of Castile.

“Krysia’s marketing expertise has helped Tompkins Bank of Castile grow in Western New York,” said Gregg McAllister, vice president of marketing communications. “In addition to local advertising and public relations, Krysia also executes marketing programs for other affiliate banks of Tompkins Financial Corporation in New York and Pennsylvania. She is an important contributor to our corporate strategy.” 
Mager has been with Tompkins Bank of Castile for more than eight years. She was a member of the inaugural class of Tompkins’ Professional Development Program, which was an 18-month masters-type program enhancing cross-departmental expertise within the Tompkins Financial Corporation. She is enrolled at Marist College for a master’s degree in integrated marketing communications.

Mager is very active in the community. She served as the chairperson of the City of Batavia Centennial Celebration, on the Genesee County Chamber of Commerce Awards Night committee and volunteers at various downtown events presented by the Batavia Business Improvement District, where she previously was a member of the Board of Directors and Promotions Committee.

She and her husband, Jonathan, reside in Batavia and have two daughters, Emersyn and Evelyn.

Tompkins Bank of Castile is a community bank with 16 offices in the five-county western New York region. Services include complete lines of consumer deposit accounts and loans, business accounts and loans, and leasing. In addition, insurance is offered through an affiliate company, Tompkins Insurance Agencies. Wealth management, trust and investment services are provided through Tompkins Financial Advisors. Further information about the bank is available on its website, www.bankofcastile.com. 

585-493-2576 • 90 Main Street • Batavia, New York 14020 www.bankofcastile.com
Member FDIC

Tompkins promotes Mickey Hyde to VP position in Le Roy

By Howard B. Owens

Tompkins Bank of Castile has promoted Mickey Hyde to vice president, branch manager of the Le Roy branch.

Hyde has been with Tompkins for over 13 years. In his work managing the Le Roy branch, Hyde concentrates on developing relationships with small businesses throughout the community as well as tailoring a wide variety of personal banking solutions to our local customers.

“Mickey has done a phenomenal job as our Le Roy branch manager,” said Diane Torcello, senior vice president, community banking. “He has a strong commitment to helping members of the Le Roy community with their personal and business related finances, and Tompkins Bank of Castile is lucky to have him on our team.”

Hyde is very involved in the community, serving as the chair for the steering committee for Leadership Genesee, on the Junior Achievement Advisory Board, and as a member of the Rochester Press-Radio Club. He is also a member of the Le Roy Moose Club, the LPS Kiwanis and the Sons of the American Legion. He volunteers in many capacities with Le Roy Central School, such as in Junior Achievement, Lunch with Leaders, Mock Interviews, Career Day and the Le Roy Job Fair. Hyde has been inducted into both the Genesee Community College and the Pavilion Central School’s Hall of Fame. He holds a bachelor’s degree in Business Management from Eckerd College.

He and his wife, Toni, live in Le Roy with their two daughters, Naomi and Samantha.

Tompkins honors staff with 25 years of service

By Howard B. Owens

   Annette Granger    Theresa Nicastro

Press release:

At Tompkins Bank of Castile, we recognize that decades of service characterize our stability and loyalty as an organization. We are pleased to honor our longtime employees who have contributed so much to the Tompkins Bank of Castile. Our customers have benefited from their knowledge and experience, and our company values these great employees.

Diana Williams, assistant vice president of the Avon branch, is celebrating 35 years with the bank. She began her banking career in 1977 as a part-time teller at the American Express branch in Augsburg, Germany. When she moved to the United States, she stayed with the financial services industry and began working for Chase at the East Avon branch, which was purchased by The Bank of Castile in 1994. Diana and her husband, Richard, live in Livonia. They have three children and four grandchildren. She is active in the Avon Rotary and Junior Achievement.

The following employees are celebrating 25 years of service:

Theresa Nicastro is the assistant manager of Commercial Loan Operations. She is active in planning, organizing and coordinating efficient service of commercial loans for Tompkins Bank of Castile as well as the three other banks of Tompkins Financial Corp. She began her career as a teller in the Perry branch and has held numerous positions ranging from administrative assistant to branch manager. She says being a part of the Tompkins family is a special blessing and loves being a part of such a wonderful organization. She and her partner, Steve, reside in Silver Springs along with their two rescue dogs.

Annette Granger started in the Proof Department and was working as a commercial credit Services Associate at our Operations Center in Perry until she retired this past year. We appreciate her years of dedicated service, and wish her well in retirement!

Debbie James, vice president – Consumer Product Manager, works to ensure a superior customer experience and that our products are competitive and customer-friendly. Her first job was as a teller in the Perry branch. She has continued to grow within our company, serving several years as the Castile Branch Manager. Based at our Operations Center in Perry, her current responsibilities encompass all of Tompkins Financial Corporation. Debbie and her husband, Brad, have two children, Erika and Michael. They live in Silver Springs.

Carolyn Francis, assistant vice president, Small Business Credit officer, joined the bank in 1986 and has held various positions. She started in the Proofing Department, went to the mortgage department and finally landed in the commercial department working specifically with small businesses in the community. Carolyn left the bank for a brief time, but said she came back because she loves all the great people that she works with and they are like family to her. Carolyn resides in Fillmore with her husband, Greg. They have two children and two grandchildren.

"Our employees are truly what differentiate our company, delivering superior customer service every day,” said John McKenna, president & CEO of Tompkins Bank of Castile.“We work hard to provide a rewarding and engaging workplace which helps us attract the best talent and results in extraordinary consistency of our employee base."

Tompkins Bank of Castile values the commitment and service these employees have given our company. We would like to thank them for their years of service and congratulations!

   Diana Williams     Carolyn Francis    Debbie James

Tompkins Bank of Castile makes donation to Le Roy Food Pantry

By Howard B. Owens

Press release:

Tompkins Bank of Castile prides itself on being a community bank, and one of our core values is our commitment to the communities we serve. During the holiday season, our staff in each branch selects local organizations to receive special contributions to make the holidays brighter. Our Le Roy branch selected the Le Roy Food Pantry to receive a $500 donation. The Le Roy Food Pantry has provided for people in need, free of charge, without question for several years. It is maintained by volunteers and is an effort among the local churches in the Le Roy community.

Mickey Hyde, Le Roy branch manager; Christine Orto, teller in the Le Roy branch; and Danielle Clark, Tompkins Insurance account manager, present checks to Judy Riley (second from left) of the Le Roy Food Pantry.

Tompkins promotes Batavia resident to assistant VP

By Howard B. Owens

Press release: 

Kimberly Isaac has been promoted to assistant vice president, branch manager of Tompkins Bank of Castile Caledonia office.

“Kim is a great asset to Tompkins Bank of Castile, and she had done a fantastic job leading our Caledonia office,” said Diane Torcello, community banking manager. "This promotion is well earned."

Isaac is a member of the Batavia Rotary Club, the Genesee Country Village & Museum Fall Fundraising Committee, Livingston County Habitat for Humanity Family Services Board, Big Springs Historical Museum Board, United Way, the Salvation Army Red Kettle Campaign, a Leadership of Livingston County graduate and a Junior Achievement volunteer at Caledonia-Mumford School. She is very active in St. Mark’s Episcopal Church, where she serves as a lay Eucharistic visitor, Jr. Warden and Vestry member. She has also received the Rotary Paul Harris award.

She resides in Batavia with her husband, Jim. They have two grown sons, Brian and Christian.

Tompkins Bank of Castile is a community bank with 16 offices in the five-county western New York region. Services include complete lines of consumer deposit accounts and loans, business accounts and loans, and leasing.  In addition, insurance is offered through an affiliate company, Tompkins Insurance

Agencies, Wealth management, trust and investment services are provided through Tompkins Financial Advisors.  Further information about the bank is available on its website, www.bankofcastile.com. 

Tompkins Bank of Castile promotion is something that folks will 'like'

By Mike Pettinella

Press release:

BATAVIA, NY– Proving that a minute can matter, Tompkins Bank of Castile is kicking off the second round of the Community Minute Challenge, a contest that invites participants to vote on the bank’s Facebook page and rewards local not-for-profits with a total of $10,000 in much-needed funds.

The second round will take place November 7 through 21, and the public is invited to watch one-minute videos produced by participating non-profits in Genesee, Wyoming, Livingston, Monroe and Orleans counties, and then vote for their favorite. Each video explains how the non-profit will use the awarded funds. The contest will run in four different quarters and will award $2,500 to each quarterly winner.

Competing in this round are ARC of Genesee and Orleans County, Arts Council of Wyoming County, Big Springs Historical Society, Bishop Sheen Ecumenical Housing, GCASA, and Mercy Flight Central. To show support, participants should “like” Tompkins Bank of Castile’s Facebook page (www.facebook.com/TompkinsBankofCastile), click on the Community Minute Challenge app and then select their favorite non-profit. Each individual can vote once per day during the contest period.

The winner from the first round was Going to the Dogs Rescue in Wyoming County, an organization dedicated to helping homeless pets find loving forever homes. They are involved in not only assisting dogs in the local community but all over as needed. Their rescue operates solely on generous donations, both in time and money, from individuals and corporations.

“We’re honored to present Going to the Dogs Rescue with the $2,500 prize,” said John McKenna, Bank President and CEO.  “The support the organization received during the Community Minute Challenge is indicative of how the community values the services it provides.”

A third round of this contest will launch in early 2017 with details posted to Tompkins Bank of Castile’s Facebook page.

John McKenna, president and CEO of Tompkins Bank of Castile, presents the $2,500 check to Melissa Nichols, president of Going to the Dogs Rescue.  

Tompkins Bank of Castile announces 'Community Minute Challenge' to benefit a nonprofit

By Billie Owens

Press release:

Proving that a minute can matter, Tompkins Bank of Castile is kicking off the "Community Minute Challenge," a contest that invites participants to vote on the bank’s Facebook page and rewards local not-for-profits with a total of $10,000 in much-needed funds.

The first round will begin Aug. 17 through 31, and the public is invited to watch one-minute videos produced by participating nonprofits in Genesee, Wyoming, Livingston, Monroe and Orleans counties, and then vote for their favorite. Each video explains how the non-profit will use the awarded funds. The contest will run in four different quarters and will award $2,500 to each quarterly winner.

Competing in this round are: Going to the Dogs Rescue in Wyoming County, Community Action of Genesee and Orleans County, United Way of Genesee County’s Backpack Program, Mary Cariola Children’s Center of Rochester, GO ART!, and Sweet Adelines Chorus of Rochester.

To show support, participants should “like” Tompkins Bank of Castile’s Facebook page (www.facebook.com/TompkinsBankofCastile), click on the Community Minute Challenge app and then select their favorite nonprofit. Each individual can vote once per day during the contest period.

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