SEC Filing Summary: Tompkins Financial Corp (Form 13F)
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Tompkins Financial Corp to the U.S. Securities and Exchange Commission. The reporting period covers the quarter ended December 31, 2017. As a Form 13F, this document discloses the company's holdings of equity securities and exchange-traded funds (ETFs) as of the end of the quarter. It does not contain the company's own financial performance metrics (revenue, profit, etc.) but rather details its investment portfolio.
Key Financial Metrics and Portfolio Composition
The filing details a diversified portfolio consisting of individual equities and a significant allocation to ETFs. Key portfolio characteristics include:
- Top Individual Equity Holdings (by Value):
- Apple Inc.: $10,607,000 (62,679 shares)
- Microsoft Corp.: $8,227,000 (96,174 shares)
- Johnson & Johnson: $6,106,000 (43,700 shares)
- Exxon Mobil Corp.: $6,499,000 (77,714 shares)
- Home Depot Inc.: $5,258,000 (27,743 shares)
- Significant ETF Holdings:
- Vanguard FTSE Europe ETF: $20,194,000 (341,417 shares)
- Oppenheimer Ultra Dividend Rev ETF: $11,714,000 (320,147 shares)
- iShares Min Vol USA ETF: $15,978,000 (302,804 shares)
- iShares Min Vol EAFE ETF: $24,889,000 (341,097 shares)
- Self-Holding: The company holds 471,656 shares of its own stock (Tompkins Financial Corp) valued at $38,369,000.
Material Changes and Voting Authority
The filing provides a snapshot of holdings as of the period end. It does not explicitly state the net change in value or share count compared to the prior quarter (September 30, 2017) within the text provided. However, the table distinguishes between voting authority types:
- Sole Discretion: The vast majority of holdings are reported under "Sole" voting authority, indicating Tompkins Financial Corp has full control over voting decisions for these shares.
- Shared/None: A small portion of holdings (e.g., Alphabet Inc., Amazon.com Inc.) lists "Shared" or "None" voting authority, often associated with shares held in specific accounts or through intermediaries.
Guidance, Outlook, and Risks
Guidance and Outlook: This filing type (Form 13F) does not contain management commentary, forward-looking guidance, or strategic outlook for Tompkins Financial Corp's banking operations.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy. The portfolio composition suggests exposure to market volatility across various sectors (Technology, Healthcare, Energy, Consumer Staples) and international markets (via EAFE and Emerging Market ETFs).
Important Facts for Investor Verification
- Portfolio Concentration: Verify the total market value of the portfolio to understand the scale of the investment arm relative to the company's total assets.
- Self-Holding Impact: Note the significant holding of Tompkins Financial Corp stock ($38.4M), which may influence internal capital management or stock buyback strategies.
- ETF Strategy: The heavy weighting in "Minimum Volatility" and "Dividend" ETFs suggests a conservative, income-focused investment strategy for the company's surplus capital.
- Missing Data: This document does not provide data on the company's core banking revenue, net interest margin, loan portfolio quality, or liquidity ratios. Investors must refer to the company's 10-K or 10-Q filings for operational financials.