United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to ______ Commission File Number 1-12709 Tompkins Financial Corporation (Exact name of registrant as specified in its charter) New York 16-1482357 (State or ot ...

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to ______ Commission File Number 1-12709 Tompkins Financial Corporation (Exact name of registrant as specified in its charter) New York 16-1482357 (State or other j ...

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to ______ Commission File Number 1-12709 Tompkins Financial Corporation (Exact name of registrant as specified in its charter) (State or other jurisdiction of inco ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) New York 16-1482357 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transit ...

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to ______ Commission File Number 1-12709 Tompkins Financial Corporation (Exact name of registrant as specified in its charter) New York 16-1482357 (State or ot ...

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to ______ Commission File Number 1-12709 Tompkins Financial Corporation (Exact name of registrant as specified in its charter) New York 16-1482357 (State or other j ...

[PART I - FINANCIAL INFORMATION](index=4&type=section&id=PART%20I%20-%20FINANCIAL%20INFORMATION) [Item 1. Condensed Consolidated Financial Statements](index=4&type=section&id=Item%201%20%E2%80%93%20Condensed%20Consolidated%20Financial%20Statements) The unaudited statements reflect the adoption of the new CECL credit loss accounting standard [Condensed Consolidated Statements of Condition](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Condition) Condensed Consolidated Statements of Condition | (In thousands) | 3/31/2020 (unaudited) | 12/31/2019 (audited) | | :--- | :--- | :--- | | **Total Assets** | **$6,743,114** | **$6,725,623** | | Net Loans and Leases | $4,885,418 | $4,877,658 | | Total Deposits | $5,409,363 | $5,212,921 | | **Total Liabilities** | **$6,060,517** | **$6,062,569** | | **Total Equity** | **$682,597** | **$663,054** | [Condensed Consolidated Statements of Income](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) Condensed Consolidated Statements of Income | (In thousands, except per share data) | Three Months Ended 3/31/2020 | Three Months Ended 3/31/2019 | | :--- | :--- | :--- | | Net Interest Income | $52,969 | $51,914 | | Provision for credit loss expense | $16,294 | $445 | | Noninterest Income | $18,960 | $19,407 | | Noninterest Expenses | $45,740 | $44,209 | | **Net Income Attributable to Tompkins** | **$7,949** | **$21,040** | | **Diluted Earnings Per Share** | **$0.53** | **$1.37** | - Net income decreased significantly year-over-year, primarily driven by a substantial increase in the provision for credit loss expense, which rose from **$445 thousand to $16.3 million**[13](index=13&type=chunk) [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Consolidated Statements of Cash Flows | (In thousands) | Three Months Ended 3/31/2020 | Three Months Ended 3/31/2019 | | :--- | :--- | :--- | | Net Cash Provided by Operating Activities | $24,143 | $16,438 | | Net Cash (Used in) Provided by Investing Activities | ($38,438) | $47,949 | | Net Cash Used in Financing Activities | ($8,424) | ($74,202) | | **Net Decrease in Cash and Cash Equivalents** | **($22,719)** | **($9,815)** | [Notes to Unaudited Condensed Consolidated Financial Statements](index=12&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) - Effective January 1, 2020, the Company adopted ASU 2016-13, "Financial Instruments – Credit Losses (Topic 326)", also known as **CECL**, which significantly changed the accounting for credit losses[28](index=28&type=chunk) - The allowance for credit losses (ACL) on loans increased to **$52.4 million** at March 31, 2020, from $39.9 million at December 31, 2019, driven by a **$16.3 million provision for credit loss expense**[86](index=86&type=chunk)[84](index=84&type=chunk) - In response to the COVID-19 pandemic, the Company implemented a loan payment deferral program, with eligible modifications not designated as Troubled Debt Restructurings (TDRs) under the CARES Act[98](index=98&type=chunk)[53](index=53&type=chunk) - The Company operates through three reportable business segments: **Banking, Insurance, and Wealth Management**[140](index=140&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=49&type=section&id=Item%202%20-%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) COVID-19 impacts drove a significant increase in credit loss provisions, reducing net income [Impact of, and Response to, COVID-19 Pandemic](index=51&type=section&id=IMPACT%20OF%2C%20AND%20RESPONSE%20TO%2C%20COVID-19%20PANDEMIC) - The company established a Pandemic Planning Committee and implemented risk mitigation measures, including **remote work for over 85% of its workforce**[196](index=196&type=chunk) - A loan payment deferral program was initiated, with total deferrals reaching **$1.5 billion**, representing **29.9% of the total loan portfolio** as of April 20, 2020[198](index=198&type=chunk) - The company is an active participant in the SBA's Paycheck Protection Program (PPP), approving over **2,900 loans totaling approximately $500 million**[199](index=199&type=chunk) [Results of Operation](index=53&type=section&id=RESULTS%20OF%20OPERATION) Key Performance Metrics | Metric | Q1 2020 | Q1 2019 | | :--- | :--- | :--- | | Net Income | $7.9 million | $21.0 million | | Diluted EPS | $0.53 | $1.37 | | ROA | 0.48% | 1.27% | | ROE | 4.71% | 13.53% | - The provision for credit losses increased by **$15.8 million to $16.3 million** in Q1 2020, driven by deteriorating economic forecasts related to COVID-19 and the adoption of CECL[204](index=204&type=chunk)[221](index=221&type=chunk) - Taxable-equivalent net interest income increased **2.0% YoY to $53.4 million**, and net interest margin expanded by **10 basis points to 3.44%**[218](index=218&type=chunk)[215](index=215&type=chunk) - Noninterest income decreased **2.3% to $19.0 million**, mainly due to lower card services income impacted by reduced transaction volume[222](index=222&type=chunk)[226](index=226&type=chunk) [Financial Condition](index=58&type=section&id=FINANCIAL%20CONDITION) - Total assets were stable at **$6.7 billion**, with total deposits growing by **$196.4 million (3.8%)** while other borrowings decreased by $200.1 million[233](index=233&type=chunk) - The allowance for credit losses to total loans increased to **1.06%** from 0.81% at year-end 2019, reflecting the impact of CECL adoption and COVID-19 forecasts[250](index=250&type=chunk) - Asset quality remained strong, with nonperforming assets at **0.46% of total assets**, comparing favorably to the peer average of 0.56%[257](index=257&type=chunk) - All capital ratios **exceeded well-capitalized requirements**, and the company elected to use the five-year transition period to phase in the regulatory capital effects of CECL[271](index=271&type=chunk)[274](index=274&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=69&type=section&id=Item%203%20-%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate sensitivity, managed within board-approved limits - The company's primary market risk is **interest rate risk**, managed by the Asset/Liability Management Committee[297](index=297&type=chunk) Interest Rate Sensitivity Analysis | Interest Rate Scenario (Parallel Shift) | Impact on Net Interest Income (1-Year) | | :--- | :--- | | +200 basis points | -3.6% | | -100 basis points | +1.6% | - The company's one-year cumulative interest rate gap was **negative $117.4 million**, or **-1.74% of total assets**, indicating a moderately liability-sensitive position[303](index=303&type=chunk) [Item 4. Controls and Procedures](index=71&type=section&id=Item%204%20-%20Controls%20and%20Procedures) Disclosure controls were deemed effective, with internal controls updated for the new CECL standard - The CEO and CFO concluded that the company's **disclosure controls and procedures were effective** as of March 31, 2020[306](index=306&type=chunk) - Changes were made to internal controls over financial reporting during the quarter to accommodate the adoption of the **new CECL accounting standard**[307](index=307&type=chunk) [PART II - OTHER INFORMATION](index=71&type=section&id=PART%20II%20-%20OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=71&type=section&id=Item%201%20%E2%80%93%20Legal%20Proceedings) Pending litigation from ordinary business activities is not expected to be materially significant - As of March 31, 2020, management does not expect any pending litigation to have a **material impact** on the Company's financial position[308](index=308&type=chunk) [Item 1A. Risk Factors](index=71&type=section&id=Item%201A%20%E2%80%93%20Risk%20Factors) The COVID-19 pandemic is identified as a new material risk factor affecting operations and financials - A new material risk factor was added regarding the economic impact of the **COVID-19 outbreak**, which is expected to have a material adverse effect on the business[309](index=309&type=chunk) - Specific risks highlighted include **increased loan delinquencies and credit losses**, declining collateral values, and pressure on net interest margin[313](index=313&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=73&type=section&id=Item%202%20%E2%80%93%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) A new share repurchase plan was authorized but subsequently suspended due to the COVID-19 pandemic - A new share repurchase plan for up to **400,000 shares** was authorized on January 30, 2020[317](index=317&type=chunk) Issuer Purchases of Equity Securities | Period | Total Shares Purchased | Average Price Paid Per Share | | :--- | :--- | :--- | | Q1 2020 (Jan-Mar) | 73,061 | $76.46 | - The company **suspended its share repurchase program** on March 19, 2020, in response to the COVID-19 pandemic[317](index=317&type=chunk) [Item 3. Defaults Upon Senior Securities](index=73&type=section&id=Item%203%20-%20Defaults%20Upon%20Senior%20Securities) No defaults upon senior securities were reported during the period - There were **no defaults upon senior securities** during the period[318](index=318&type=chunk) [Item 4. Mine Safety Disclosures](index=73&type=section&id=Item%204%20-%20Mine%20Safety%20Disclosures) This section is not applicable to the company's operations - This item is **not applicable** to the company[318](index=318&type=chunk) [Item 5. Other Information](index=73&type=section&id=Item%205%20-%20Other%20Information) No other material information was reported for the period - There was **no other information** to report for the period[318](index=318&type=chunk) [Item 6. Exhibit Index](index=74&type=section&id=Item%206%20-%20Exhibit%20Index) This section lists all exhibits filed with the Form 10-Q, including certifications and XBRL data

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______to ______ Commission File Number 1-12709 Tompkins Financial Corporation (Exact name of registrant as specified in its charter) New York 16-1482357 (State ...

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to ______ Commission File Number 1-12709 Tompkins Financial Corporation (Exact name of registrant as specified in its charter) New York 16-1482357 (State or ot ...

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to ______ Commission File Number 1-12709 Tompkins Financial Corporation (Exact name of registrant as specified in its charter) New York 16-1482357 (State or other j ...