Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2025

Stockholders' Equity Note [Abstract]

Schedule of reclassifications out of accumulated other comprehensive income (loss)

The following tables present reclassifications out of accumulated other comprehensive income (loss) for the three and nine month periods ended September 30, 2025 and 2024:


	Three Months Ended September 30, 2025
(In thousands)	Before-Tax Amount		Tax (Expense) Benefit		Net of Tax
Available-for-sale debt securities:
Change in net unrealized (loss) gain during the period	$	14,980	$	(3,745)	$	11,235
Reclassification adjustment for net realized loss on sale of available-for-sale debt securities included in net income (loss)	0		0		0
Net unrealized gains	14,980		(3,745)		11,235
Employee benefit plans:
Amortization of net retirement plan actuarial gain (loss)	95		(24)		71
Amortization of net retirement plan prior service cost	49		(13)		36
Employee benefit plans	144		(37)		107
Other comprehensive income	$	15,124	$	(3,782)	$	11,342


	Three Months Ended September 30, 2024
(In thousands)	Before-Tax Amount		Tax (Expense) Benefit		Net of Tax
Available-for-sale debt securities:
Change in net unrealized (loss) gain during the period	$	45,431	$	(11,131)	$	34,300
Reclassification adjustment for net realized loss on sale of available-for-sale debt securities included in net income (loss)	(50)		12		(38)
Net unrealized losses	45,381		(11,119)		34,262
Employee benefit plans:
Amortization of net retirement plan actuarial gain (loss)	229		(56)		173
Amortization of net retirement plan prior service cost	45		(10)		35
Employee benefit plans	274		(66)		208
Other comprehensive income	$	45,655	$	(11,185)	$	34,470


	Nine Months Ended September 30, 2025
(In thousands)	Before-Tax Amount		Tax (Expense) Benefit		Net of Tax
Available-for-sale debt securities:
Change in net unrealized gain (loss) during the period	$	45,861	$	(11,465)	$	34,396
Reclassification adjustment for net realized gains on sale of available-for-sale debt securities included in net income	0		0		0
Net unrealized losses	45,861		(11,465)		34,396
Employee benefit plans:
Amortization of net retirement plan actuarial loss	285		(72)		213
Amortization of net retirement plan prior service cost	147		(37)		110
Employee benefit plans	432		(109)		323
Other comprehensive income	$	46,293	$	(11,574)	$	34,719


	Nine Months Ended September 30, 2024
(In thousands)	Before-Tax Amount		Tax (Expense) Benefit		Net of Tax
Available-for-sale debt securities:
Change in net unrealized gain (loss) during the period	$	30,756	$	(7,535)	$	23,221
Reclassification adjustment for net realized loss on sale of available-for-sale debt securities included in net income	(50)		12		(38)
Net unrealized gains/losses	30,706		(7,523)		23,183
Employee benefit plans:
Amortization of net retirement plan actuarial loss	686		(168)		518
Amortization of net retirement plan prior service cost	137		(33)		104
Employee benefit plans	823		(201)		622
Other comprehensive income	$	31,529	$	(7,724)	$	23,805

The following table presents the activity in our accumulated other comprehensive (loss) income for the periods indicated:


(In thousands)	Available-for- Sale Debt Securities		Employee Benefit Plans		Accumulated Other Comprehensive (Loss) Income
Balance at July 1, 2025	$	(78,533)	$	(16,582)	$	(95,115)
Other comprehensive income before reclassifications	11,235		0		11,235
Amounts reclassified from accumulated other comprehensive (loss) income	0		107		107
Net current-period other comprehensive income	11,235		107		11,342
Balance at September 30, 2025	$	(67,298)	$	(16,475)	$	(83,773)

Balance at January 1, 2025	$	(101,694)	$	(16,798)	$	(118,492)
Other comprehensive income before reclassifications	34,396		0		34,396
Amounts reclassified from accumulated other comprehensive (loss) income	0		323		323
Net current-period other comprehensive income	34,396		323		34,719
Balance at September 30, 2025	$	(67,298)	$	(16,475)	$	(83,773)


(In thousands)	Available-for- Sale Debt Securities		Employee Benefit Plans		Accumulated Other Comprehensive (Loss) Income
Balance at July 1, 2024	$	(110,614)	$	(25,056)	$	(135,670)
Other comprehensive loss before reclassifications	34,300		0		34,300
Amounts reclassified from accumulated other comprehensive (loss) income	(38)		208		170
Net current-period other comprehensive (loss) income	34,262		208		34,470
Balance at September 30, 2024	$	(76,352)	$	(24,848)	$	(101,200)

Balance at January 1, 2024	$	(99,535)	$	(25,470)	$	(125,005)
Other comprehensive loss before reclassifications	23,221		0		23,221
Amounts reclassified from accumulated other comprehensive (loss) income	(38)		622		584
Net current-period other comprehensive income (loss)	23,183		622		23,805
Balance at September 30, 2024	$	(76,352)	$	(24,848)	$	(101,200)

Schedule of amounts reclassified out of each component of accumulated other comprehensive income (loss)

The following tables present the amounts reclassified out of each component of accumulated other comprehensive (loss) income for the three and nine months ended September 30, 2025 and 2024:


Three Months Ended September 30, 2025
Details about Accumulated other Comprehensive Income (Loss) Components (In thousands)	Amount Reclassified from Accumulated Other Comprehensive (Loss) Income1		Affected Line Item in the Statement Where Net Income is Presented
Available-for-sale debt securities:
Unrealized gains and losses on available-for-sale debt securities	$	0	Net gain (loss) on securities transactions
	0		Income tax expense
	0		Net of tax
Employee benefit plans:
Amortization of the following2
Net retirement plan actuarial loss	(95)		Other operating expense
Net retirement plan prior service cost	(49)		Other operating expense
	(144)		Total before tax
	37		Income tax expense
	$	(107)	Net of tax


Three Months Ended September 30, 2024
Details about Accumulated other Comprehensive Income (Loss) Components (In thousands)	Amount Reclassified from Accumulated Other Comprehensive (Loss) Income1		Affected Line Item in the Statement Where Net Income is Presented
Available-for-sale debt securities:
Unrealized gains and losses on available-for-sale debt securities	$	50	Net loss on securities transactions
	(12)		Income tax expense
	38		Net of tax
Employee benefit plans:
Amortization of the following2
Net retirement plan actuarial loss	(229)		Other operating expense
Net retirement plan prior service cost	(45)		Other operating expense
	(274)		Total before tax
	66		Income tax expense
	$	(208)	Net of tax


Nine Months Ended September 30, 2025
Details about Accumulated other Comprehensive Income (Loss) Components (In thousands)	Amount Reclassified from Accumulated Other Comprehensive (Loss)1		Affected Line Item in the Statement Where Net Income is Presented
Available-for-sale debt securities:
Unrealized gains and losses on available-for-sale debt securities	$	0	Net gain (loss) on securities transactions
	0		Income tax expense
	0		Net of tax
Employee benefit plans:
Amortization of the following2
Net retirement plan actuarial loss	(285)		Other operating expense
Net retirement plan prior service cost	(147)		Other operating expense
	(432)		Total before tax
	109		Income tax expense
	$	(323)	Net of tax


Nine Months Ended September 30, 2024
Details about Accumulated other Comprehensive Income (Loss) Components (In thousands)	Amount Reclassified from Accumulated Other Comprehensive (Loss)1		Affected Line Item in the Statement Where Net Income is Presented
Available-for-sale debt securities:
Unrealized gains and losses on available-for-sale debt securities	$	50	Net loss on securities transactions
	(12)		Income tax expense
	38		Net of tax
Employee benefit plans:
Amortization of the following2
Net retirement plan actuarial loss	(686)		Other operating expense
Net retirement plan prior service cost	(137)		Other operating expense
	(823)		Total before tax
	201		Tax benefit
	$	(622)	Net of tax

1 Amounts in parentheses indicate debits in income statement.

2 The accumulated other comprehensive (loss) income components are included in the computation of net periodic benefit cost (See Note 10 - "Employee Benefit Plans" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024).

TOMPKINS FINANCIAL CORP 10-Q