Management stated that Hawkins' business and gross profit will return to levels in line with past results over the next few months, as commodity pricing and demand have begun to level off recently. The company shows weak operating cash flow, but we feel that the strengths detailed above outweigh any potential weakness at this time. Tompkins Financial Corporation ( TMP) is the corporate parent of three community banks: Tompkins Trust Company, The Bank of Castile and Mahopac National Bank. Its three banks primarily offer commercial banking services to individuals and businesses throughout New York state. We have rated Tompkins Financial a buy since October 2007 on the basis of its expanding profit margins, solid stock price performance and growth in revenue, net income and EPS. For the first quarter of fiscal 2009, Tompkins' revenue increased slightly by 3% year over year. This growth appears to have trickled down to the company's bottom line, as EPS improved from 77 cents to 79 cents over the past year. Net income also increased slightly, rising 2.7% when compared with the same quarter of last year. Tompkins' gross profit margin increased from the prior year's quarter and is currently very high at 73.6%. Management was pleased with Tompkins' strong operating results for the first quarter and feels that the company is well positioned to perform well in the future despite its predictions of continued challenges in the remainder of the fiscal year. Although the company shows weak operating cash flow and its stock has been driven to a premium valuation compared to the rest of its industry, we feel that its strengths outweigh any potential weaknesses and justify the higher price level at this time.