UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
FOR ANNUAL REPORTS OF EMPLOYEE STOCK
PURCHASE, SAVINGS AND SIMILAR PLANS
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
☒ ANNUAL REPORT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the Fiscal year ended: December 31, 2015
☐ TRANSITION REPORT PURSUANT TO SECTION 15(d)
OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from ____ to ____
Commission File Number:
1-12709
TOMPKINS FINANCIAL CORPORATION EMPLOYEE STOCK
OWNERSHIP PLAN
(Full title of plan)
TOMPKINS FINANCIAL CORPORATION
(Name of issuer of the securities held pursuant
to the plan)
P.O. Box 460, The Commons
Ithaca, New York 14851
(607) 273-3210
(Address of principal executive offices)
TOMPKINS FINANCIAL CORPORATION
EMPLOYEE STOCK OWNERSHIP PLAN
ITHACA, NEW YORK
AUDITED FINANCIAL STATEMENTS
SUPPLEMENTAL SCHEDULES
AND
REPORT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM
DECEMBER 31, 2015 AND 2014
REPORT OF
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Audit
Committee
Tompkins
Financial Corporation
Employee
Stock Ownership Plan
We
have audited the accompanying statements of net assets available for benefits of the Tompkins Financial Corporation Employee Stock
Ownership Plan as of December 31, 2015 and 2014, and the related statements of changes in net assets available for benefits for
the years then ended. These financial statements are the responsibility of the Plan's management. Our responsibility is to express
an opinion on these financial statements based on our audits.
We
conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those
standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are
free of material misstatement. The Plan is not required to have, nor were we engaged to perform, an audit of its internal controls
over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing
audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness
of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes
examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting
principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In
our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for
benefits of the Plan as of December 31, 2015 and 2014, and the changes in net assets available for benefits for the years then
ended, in conformity with accounting principles generally accepted in the United States of America.
The
supplementary information in the accompanying schedules of Schedule of Assets Held for Investment Purposes At End of Year –
December 31, 2015 and Schedule of Reportable Transactions – Year Ended December 31, 2015 have been subjected to audit procedures
performed in conjunction with the audit of
the
Plan’s
financial statements. The supplemental schedules are the responsibility of the
Plan’s management. Our audit procedures included determining whether the supplemental schedules reconcile to the financial
statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and
accuracy of the information presented in the supplemental schedules. In forming our opinion on the supplemental schedules, we
evaluated whether the supplemental schedules, including their form and content, are presented in conformity with the Department
of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974.
In our opinion, the supplemental schedules are fairly stated, in all material respects, in relation to the financial statements
as a whole.
Elmira, New
York
June 27, 2016
TOMPKINS FINANCIAL CORPORATION
EMPLOYEE STOCK OWNERSHIP PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
|
|
December 31,
|
|
|
2015
|
|
2014
|
ASSETS
|
|
|
|
|
|
|
|
|
Investments, at fair value:
|
|
|
|
|
|
|
|
|
Guaranteed Income Fund
|
|
$
|
142
|
|
|
$
|
139
|
|
Tompkins Financial Corporation common stock
|
|
|
33,135,003
|
|
|
|
31,791,775
|
|
TOTAL INVESTMENTS
|
|
|
33,135,145
|
|
|
|
31,791,914
|
|
|
|
|
|
|
|
|
|
|
Employer contribution receivable
|
|
|
1,937,911
|
|
|
|
1,595,271
|
|
NET ASSETS AVAILABLE
|
|
|
|
|
|
|
|
|
FOR BENEFITS
|
|
$
|
35,073,056
|
|
|
$
|
33,387,185
|
|
The accompanying notes are an integral part of the financial statements.
TOMPKINS FINANCIAL CORPORATION
EMPLOYEE STOCK OWNERSHIP PLAN
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE
FOR BENEFITS
|
|
Year ended December 31,
|
|
|
2015
|
|
2014
|
ADDITIONS
|
|
|
|
|
|
|
|
|
Additions to net assets attributed to:
|
|
|
|
|
|
|
|
|
Investment income:
|
|
|
|
|
|
|
|
|
Interest and dividends
|
|
$
|
1,005,154
|
|
|
$
|
915,225
|
|
Net appreciation in fair value of investments
|
|
|
515,838
|
|
|
|
2,325,995
|
|
|
|
|
1,520,992
|
|
|
|
3,241,220
|
|
|
|
|
|
|
|
|
|
|
Contributions - employer
|
|
|
1,938,192
|
|
|
|
1,593,723
|
|
TOTAL ADDITIONS
|
|
|
3,459,184
|
|
|
|
4,834,943
|
|
|
|
|
|
|
|
|
|
|
DEDUCTIONS
|
|
|
|
|
|
|
|
|
Deductions from net assets attributed to:
|
|
|
|
|
|
|
|
|
Benefits paid to participants
|
|
|
1,566,204
|
|
|
|
748,855
|
|
TOTAL DEDUCTIONS
|
|
|
1,566,204
|
|
|
|
748,855
|
|
|
|
|
|
|
|
|
|
|
NET INCREASE
|
|
|
1,892,980
|
|
|
|
4,086,088
|
|
|
|
|
|
|
|
|
|
|
Net assets available for benefits
|
|
|
|
|
|
|
|
|
at beginning of year
|
|
|
33,387,185
|
|
|
|
29,604,158
|
|
|
|
|
|
|
|
|
|
|
Transfer to Tompkins Financial Corporation Investment
|
|
|
|
|
|
|
|
|
and Stock Ownership Plan
|
|
|
(207,109
|
)
|
|
|
(303,061
|
)
|
|
|
|
|
|
|
|
|
|
NET ASSETS AVAILABLE FOR BENEFITS
|
|
|
|
|
|
|
|
|
AT END OF YEAR
|
|
$
|
35,073,056
|
|
|
$
|
33,387,185
|
|
The accompanying notes are an integral part of the financial statements.
TOMPKINS FINANCIAL CORPORATION
EMPLOYEE STOCK OWNERSHIP PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2015 AND 2014
NOTE A: DESCRIPTION OF PLAN
The following description of the Tompkins Financial
Corporation Employee Stock Ownership Plan (the “Plan”) provides only general information. Participants should refer
to the Plan agreement for a more complete description of the Plan's provisions.
General
The Plan is an employee stock ownership plan
covering eligible employees who have met certain age and service requirements. The Plan is administered by the Executive, Compensation/Personnel
Committee appointed by Tompkins Financial Corporation’s Board of Directors, and is subject to the provisions of the Employee
Retirement Income Security Act of 1974 (ERISA). All investments of the Plan are non-participant directed.
Eligibility
An employee shall become eligible for participation
in the Plan on the first day of the month coinciding with completing one year of credited service and attaining the age of twenty-one.
Leased employees, employees covered under a collective bargaining agreement and “On-Call” employees are not eligible
to participate.
Vesting
Participants will become vested in all contributions
and earnings over a three-year period.
Contributions
Tompkins Financial Corporation shall contribute
to the Plan a discretionary amount, which shall not exceed 5% of participant compensation. The Executive, Compensation/Personnel
Committee approved a 3.5% and 3% discretionary contribution to the Plan for the years ended December 31, 2015 and 2014, respectively.
These contributions are used by the Employee Stock Ownership Plan to acquire company common stock. These common stock shares are
allocated annually to participant accounts. The Plan sponsor has the right to discontinue such discretionary contributions at any
time.
Diversification and transfers
Diversification is offered to participants
close to retirement so that they may have the opportunity to move part of the value of their investment in the Plan sponsor stock
into investments which are more diversified. Participants who are at least age 55 with at least 10 years of participation in the
Plan may elect to diversify a portion of their account. Diversification is offered to each eligible participant over multiple years.
In each of the first five years, a participant may diversify up to 25 percent of the number of post-1986 shares allocated to his
or her account, less any shares previously diversified. After the fifth year, the percentage changes to 50 percent. The funds elected
to be diversified are transferred to the Tompkins Financial Corporation Investment and Stock Ownership Plan (“ISOP”)
and invested in funds as chosen by the participant. During the years ended December 31, 2015 and 2014, the Plan transferred
$207,109 and $303,061 into the ISOP, respectively.
TOMPKINS FINANCIAL CORPORATION
EMPLOYEE STOCK OWNERSHIP PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2015 AND 2014
NOTE A: DESCRIPTION OF PLAN
, Cont’d
Participants’ accounts
Each participant’s account is credited
with an allocation of the Tompkins Financial Corporation’s discretionary and non-elective contributions and an allocation
of plan earnings. Allocations of company contributions are based upon the participant’s compensation and the allocations
of plan earnings are based upon participant account balances. The benefit to which a participant is entitled is the benefit that
can be provided from the participant’s account. Forfeitures of non-vested account balances are allocated to participants’
accounts as company contributions.
Payment of benefits
Upon termination of service, the participant’s
account is either maintained in the Plan, transferred to an individual retirement account in the participant’s name, directly
rolled over into a qualified retirement plan or paid to the participant in a lump sum.
Forfeitures
Plan forfeitures are allocated to each participant's
account based upon the relation of the participant's eligible compensation to total eligible compensation for the Plan year. Forfeited
non-vested accounts to be allocated to participant accounts in future years as of December 31, 2015 and 2014, were $87,800 and
$39,339, respectively.
NOTE B: SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES
Basis of accounting
The financial statements of the Plan are prepared
under the accrual method of accounting.
Investment valuation and income recognition
The Plan’s investments are stated at
fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction
between market participants at the measurement date. See Note C for discussion of fair value measurements.
Administrative expenses
The Plan sponsor has elected to pay certain
administrative expenses of the Plan.
Use
of estimates in the preparation of financial statements
The preparation
of financial statements in conformity with accounting principles generally accepted in the United States of America requires the
Plan’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and changes
therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates and assumptions.
Payment of benefits
Benefits are recorded when paid.
TOMPKINS FINANCIAL CORPORATION
EMPLOYEE STOCK OWNERSHIP PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2015 AND 2014
New
accounting pronouncements
In May
2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-07, Fair Value Measurement
(Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent). The
amendments in this update remove the requirement to categorize within the fair value hierarchy all investments for which fair value
is measured using the net asset value per share practical expedient. However, sufficient information must be provided to permit
reconciliation of the fair value of assets categorized within the fair value hierarchy to the amounts presented in the statement
of financial position. The amendments also remove the requirement to make certain disclosures for all investments that are eligible
to be measured at fair value using the net asset value per share practical expedient. The amendments in this Update are effective
for public business entities for fiscal years beginning after December 15, 2015. For all other entities, the amendments in this
update are effective for fiscal years beginning after December 15, 2016. Early adoption is permitted. Upon adoption, the amendments
shall be applied retrospectively to all periods presented. The Plan is currently evaluating the effect of the ASU No. 2015-07 amendments
on its financial statements.
In July
2015, the FASB issued ASU No. 2015-12, Plan Accounting: Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension
Plans (Topic 962), Health And Welfare Benefit Plans (Topic 965): (Part I) Fully Benefit-Responsive Investment Contracts, (Part
II) Plan Investment Disclosures, (Part III) Measurement Date Practical Expedient – consensuses of the Emerging Issues Task
Force. The amendments in this update (1) requires a pension plan to use contract value as the only measure for fully benefit-responsive
investment contracts, (2) simplifies and increases the effectiveness of the investment disclosure requirements for employee benefit
plans, and (3) provides benefit plans with a measurement-date practical expedient similar to the practical expedient provided to
employers in ASU 2015-04, Practical Expedient for the Measurement Date of an Employer’s Defined Benefit Obligation and Plan
Assets. The amendments in this Update are effective for fiscal years beginning after December 15, 2015. Early adoption is permitted.
Upon adoption, the amendments in Part I and Part II shall be applied retrospectively to all periods presented, while the amendments
in Part III shall be applied prospectively. The Plan is currently evaluating the effect of the ASU No. 2015-12 amendments on its
financial statements.
Subsequent events
The Plan has evaluated subsequent events and
determined no significant subsequent events have occurred requiring adjustments to the financial statements or disclosures.
TOMPKINS FINANCIAL CORPORATION
EMPLOYEE STOCK OWNERSHIP PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2015 AND 2014
NOTE C: FAIR VALUE MEASUREMENTS
Accounting principles generally accepted in
the United States of America provides a framework for measuring fair value. That framework provides a fair value hierarchy that
prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted
quoted prices in active markets for identical assets or liabilities (Level 1
measurements
)
and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described
below:
Level 1
|
Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets.
|
Level 2
|
Inputs to the valuation methodology include:
|
|
-
|
Quoted prices for similar assets or liabilities in active markets;
|
|
-
|
Quoted prices for identical or similar assets or liabilities in inactive markets;
|
|
-
|
Inputs other than quoted prices that are observable for the asset and liability;
|
|
-
|
Inputs that are derived principally from or corroborated by observable market data by correlation or other means.
|
|
|
|
|
If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability.
|
Level 3
|
Inputs to the valuation methodology are unobservable and significant to the fair value measurement.
|
The asset’s or liability’s fair
value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair
value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable
inputs.
Following is a description of the valuation
methodologies used for assets measured at fair value. There have been no changes in the
methodologies
used at December 31, 2015 and 2014.
Tompkins Financial Corporation Common Stock
:
Valued at the closing price reported on the active market on which the stock is traded.
Guaranteed Income Fund:
Fair value equals
cost.
The preceding methods described may produce
a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while
the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies
or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement
at the reporting date.
TOMPKINS FINANCIAL CORPORATION
EMPLOYEE STOCK OWNERSHIP PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2015 AND 2014
NOTE C: FAIR VALUE MEASUREMENTS
, Cont’d
The following table sets forth by level, within
the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2015 and 2014:
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
December 31, 2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tompkins Financial Corporation
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
common stock
|
|
$
|
33,135,003
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
33,135,003
|
|
Guaranteed income fund
|
|
|
—
|
|
|
|
—
|
|
|
|
142
|
|
|
|
142
|
|
|
|
$
|
33,135,003
|
|
|
$
|
—
|
|
|
$
|
142
|
|
|
$
|
33,135,145
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2014
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tompkins Financial Corporation
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
common stock
|
|
$
|
31,791,775
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
31,791,775
|
|
Guaranteed income fund
|
|
|
—
|
|
|
|
—
|
|
|
|
139
|
|
|
|
139
|
|
|
|
$
|
31,791,775
|
|
|
$
|
—
|
|
|
$
|
139
|
|
|
$
|
31,791,914
|
|
The following is a reconciliation of the beginning
and ending balances for assets measured at fair value, on a recurring basis using significant unobservable inputs (Level 3).
|
|
December 31,
|
|
|
2015
|
|
2014
|
|
|
|
|
|
Guaranteed income fund:
|
|
|
|
|
|
|
|
|
Balance at beginning of year
|
|
$
|
139
|
|
|
$
|
149
|
|
Miscellaneous transactions
|
|
|
—
|
|
|
|
(13
|
)
|
Interest income
|
|
|
3
|
|
|
|
3
|
|
Balance at end of year
|
|
$
|
142
|
|
|
$
|
139
|
|
TOMPKINS FINANCIAL CORPORATION
EMPLOYEE STOCK OWNERSHIP PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2015 AND 2014
NOTE D: INVESTMENTS
The following presents the fair value of investments
and the net appreciation in fair value.
|
|
December 31, 2015
|
|
December 31, 2014
|
|
|
|
Net
appreciation
in fair value
during
the year
|
|
|
|
Fair value
at
end
of year
|
|
|
|
Net
appreciation
in fair value
during
the year
|
|
|
|
Fair value
at end
of year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Guaranteed income fund
|
|
$
|
—
|
|
|
$
|
142
|
|
|
$
|
—
|
|
|
$
|
139
|
|
Tompkins Financial Corporation
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
common stock
|
|
|
515,838
|
|
|
|
33,135,003
|
|
|
|
2,325,995
|
|
|
|
31,791,775
|
|
|
|
$
|
515,838
|
|
|
$
|
33,135,145
|
|
|
$
|
2,325,995
|
|
|
$
|
31,791,914
|
|
NOTE E: TAX STATUS
The Internal Revenue Service has determined
and informed the Company by a letter dated September 13, 2013, that the Plan and related trust are designed in accordance with
the applicable sections of the Internal Revenue Code (IRC). The Plan has been amended since receiving the determination letter.
However, the Plan administrator and the Plan’s legal counsel believe that the Plan is designed and is currently being operated
in compliance with the applicable requirements of IRC.
Accounting principles generally accepted in
the United States of America require Plan management to evaluate tax positions taken by the Plan and recognize a tax liability
(or asset) if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the
Internal Revenue Service. The Plan Administrator has analyzed the tax positions taken by the Plan, and has concluded that as of
December 31, 2015, there are no uncertain positions taken or expected to be taken that would require recognition of a liability
(or asset) or disclosure in the financial statements.
TOMPKINS FINANCIAL CORPORATION
EMPLOYEE STOCK OWNERSHIP PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2015 AND 2014
NOTE F: PLAN TERMINATION
Although it has not expressed any intent to
do so, the Plan sponsor has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject
to the provisions of ERISA. In the event of Plan termination, participants have a fully vested interest in their accounts and their
accounts will be paid to them as provided by the plan document.
NOTE G: TRANSACTIONS WITH PARTIES-IN-INTEREST
The Plan invests in shares of the Guaranteed
Income Fund managed by an affiliate of Prudential Retirement. Prudential Retirement acts as trustee for only those investments
as defined by the Plan. Transactions in this investment qualify as party-in-interest transactions which are exempt from the prohibited
transactions rules.
Tompkins Financial Corporation is the Plan
sponsor. The Plan invests primarily in Tompkins Financial Corporation common stock.
NOTE H: RISKS AND UNCERTAINTIES
The Plan invests primarily in Tompkins Financial
Corporation common stock. These investment securities are exposed to market and credit risks. Due to the level of risk associated
with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will
occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported
in the accompanying statements of net assets available for benefits.
TOMPKINS FINANCIAL CORPORATION
EMPLOYEE STOCK OWNERSHIP PLAN
SUPPLEMENTAL SCHEDULES
TOMPKINS FINANCIAL CORPORATION
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 15-0470650
PLAN #: 003
FORM 5500 - SCHEDULE H - PART IV
ITEM 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT
PURPOSES
AT END OF YEAR - DECEMBER 31, 2015
(a)
|
|
(b)
|
|
(c)
|
|
(d)
|
|
(e)
|
Party
in
interest
|
|
Identity of issue, borrower,
lessor or similar party
|
|
Description of investment,
including maturity date, rate of
interest, collateral, par or
maturity value
|
|
Cost
|
|
Current
value
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*
|
|
|
Prudential Retirement
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Insurance and Annuity
|
|
5 Units
|
|
|
|
|
|
|
|
|
|
|
|
|
Company
|
|
Guaranteed Income Fund
|
|
$
|
142
|
|
|
$
|
142
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*
|
|
|
Tompkins Financial
|
|
590,011 Shares of
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporation
|
|
Common Stock
|
|
|
20,091,744
|
|
|
|
33,135,003
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL INVESTMENTS
|
|
$
|
20,091,886
|
|
|
$
|
33,135,145
|
|
TOMPKINS FINANCIAL CORPORATION
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 15-0470650
PLAN #: 003
FORM 5500 - SCHEDULE H - PART IV
ITEM 4j - SCHEDULE OF REPORTABLE TRANSACTIONS
YEAR ENDED DECEMBER 31, 2015
Reportable transactions are transactions or a series of transactions
in excess of 5% of the value of the Plan assets as of January 1, 2015 as defined in Section 2520.103-6 of the Department of
Labor’s Rules and Regulations for Reporting and Disclosure under ERISA:
(a)
|
|
(b)
|
|
(c)
|
|
(d)
|
|
(g)
|
|
(h)
|
|
(i)
|
Identity of
party involved
|
|
Description
of asset (including
interest rate and maturity
in case of a loan)
|
|
Purchase
price
|
|
Selling
price
|
|
Cost
of
asset
|
|
Current
value of
asset on
transaction
date
|
|
Net
gain
or (loss)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Series of transactions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tompkins Financial
|
|
Series of 13
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporation
|
|
Purchases
|
|
$
|
2,538,093
|
|
|
$
|
—
|
|
|
$
|
2,538,093
|
|
|
$
|
2,538,093
|
|
|
$
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Series of transactions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tompkins Financial
|
|
Series of 75
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporation
|
|
Sales
|
|
$
|
—
|
|
|
$
|
1,711,459
|
|
|
$
|
842,124
|
|
|
$
|
1,711,459
|
|
|
$
|
869,335
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Note: Columns (e) and (f) are not applicable.
|
|
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the trustees (or other persons who administer the plan) have duly caused this annual report to be signed on its behalf by the undersigned
hereunto duly authorized.
TOMPKINS
FINANCIAL CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN
|
Administrator:
TOMPKINS TRUST COMPANY
|
|
|
|
|
|
|
Date: June 27, 2016
|
By:
|
/s/ Francis M. Fetsko
|
|
|
Francis M. Fetsko
|
|
|
Executive Vice President
|
|
|
Chief Financial Officer
|
Tompkins Financial (AMEX:TMP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Tompkins Financial (AMEX:TMP)
Historical Stock Chart
From Jul 2023 to Jul 2024