Business Context and Reporting Period
Company: Tompkins Financial Corp
Filing Type: Form 13F-HR (Quarterly Report of Holdings)
Reporting Period: December 31, 2011
Context: This filing discloses the equity securities held by Tompkins Financial Corp at the end of the quarter. As a 13F filing, it details investment positions rather than the company's own operating financial results.
Key Financial Metrics
Total Portfolio Value: $193,759,000 (Reported in thousands)
Total Shares Held: 4,373,915
Voting Authority Breakdown:
- Sole Discretion: 3,906,434 shares
- Shared Discretion: 0 shares
- None (Defined/Other): 467,481 shares
- Tompkins Financial Corp: $19,941,000 (517,953 shares)
- Exxon Mobil Corp: $6,537,000 (77,128 shares)
- International Business Machines (IBM): $6,008,000 (32,673 shares)
- Procter & Gamble Co: $2,988,000 (44,796 shares)
- McDonald's Corp: $3,470,000 (34,587 shares)
Note: The filing lists Tompkins Financial Corp as a significant holding, indicating the company holds its own stock or the filing represents a consolidated view including related entities.
Material Changes
The filing text provided contains only the snapshot of holdings as of December 31, 2011. It does not include comparative data from the prior quarter (September 30, 2011). Therefore, material changes in position size, new acquisitions, or divestitures cannot be determined from this document alone.
Guidance, Outlook, and Risks
Guidance and Outlook: Not applicable. Form 13F filings are historical disclosures of holdings and do not contain management commentary, earnings guidance, or future outlooks.
Risks and Contingencies: Not applicable. This filing does not disclose operational risks, legal contingencies, or unusual items affecting the company's operations.
Unusual Items: The portfolio includes a significant position in the reporting company itself (Tompkins Financial Corp) valued at approximately $19.9 million, which is a notable feature of this specific filing.
Investor Verification Checklist
- Self-Holding Confirmation: Verify the nature of the $19.9 million holding in Tompkins Financial Corp (e.g., treasury stock, employee benefit plan, or affiliate holding).
- Portfolio Concentration: Assess the concentration risk given the top 10 holdings represent a significant portion of the $193.8 million total portfolio.
- Voting Rights: Note that approximately 10.7% of total shares held (467,481 shares) have "None" for voting authority, indicating they may be held in defined benefit plans or other non-voting capacities.
- Historical Comparison: Retrieve the Q3 2011 13F filing to analyze turnover and strategic shifts in the portfolio.