Ticker
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TRUSTCO BK -NY   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2024202320222021202020192018201720162015
Period End Date12/31/202412/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/2015
Interest and fees on loans205.60187.46162.21159.17165.96166.61158.30148.13143.68141.89
Federal Reserve Bank and Federal Home Loan Bank stock0.600.500.310.260.420.570.560.540.500.47
Total interest and dividends on Securities available for sale10.9111.399.456.669.3513.6811.8112.0511.7012.81
Total interest on Held to maturity securities0.250.300.340.440.600.800.961.562.072.46
Interest on held to maturity securities - U. S. government sponsored enterprises--2.81----------------
Interest on held to maturity securities:Corpotate bonds--1.99----------0.410.620.62
Interest on held to maturity securities:Mortgage-backed securities0.250.300.340.440.600.800.961.151.451.84
Interest on held to maturity securities:Other--------------------
Securities available for sale-Interest on mortgage-backed securities and collateralized mortgage obligations5.76----4.526.13--6.597.457.969.13
Securities available for sale-Interest on states and political subdivisions0.000.000.000.000.010.010.020.040.050.09
Securities available for sale-Mortgage-backed securities and collateralized mortgage obligations-commercial--6.155.68----8.220.040.110.130.15
Securities available for sale-Small Business Administration-guaranteed participation securities0.370.440.550.750.901.121.341.551.802.00
Securities available for sale-U.S. Treasuries and agencies and government sponsored enterprises3.21--1.410.310.573.213.112.281.491.42
Securities available for sale-Corpotate bonds1.56--1.801.071.721.100.690.610.250.00
Securities available for sale-Other0.010.010.010.020.020.020.020.020.020.02
Interest on federal funds sold and other short term investments25.9526.5714.291.461.9510.489.286.683.411.73
Total interest on Trading securities--------------------
Interest on trading securities - U. S. government sponsored enterprises--------------------
Interest on trading securities:States and political subdivisions--------------------
Total Interest Income243.32226.21186.60167.98178.29192.13180.91168.96161.36159.35
Interest on deposits90.5953.355.736.6723.7034.8518.9613.1914.2114.98
Interest on long-term debt--------------------
Interest on short-term borrowings0.791.010.740.911.011.471.271.401.091.21
Total Interest Expense91.3854.366.477.5724.7136.3220.2314.5915.3016.20
Net Interest Income151.94171.85180.14160.41153.58155.81160.69154.37146.06143.15
Provision (credit) for loan losses2.001.25(0.34)(5.45)5.600.161.402.002.953.70
Net interest income after provision (credit) for loan losses149.94170.60180.48165.86147.98155.65159.29152.37143.11139.45
Fees for other services to customers9.8510.6510.959.808.7810.1110.9110.8010.8610.69
Net gain (loss) on securities transactions1.38------1.16------0.670.25
Trust department income7.256.437.047.366.286.396.286.585.895.97
Net trading gains--------------------
Other non-interest (loss) income1.351.241.280.780.962.090.890.991.600.96
Total Noninterest Income19.8318.3219.2617.9417.1718.5918.0818.3719.0117.87
Salaries and employee benefits48.1551.2445.9048.7245.6546.6342.1140.6736.5132.52
Advertising expense1.801.882.051.981.922.523.022.582.522.59
Net occupancy expense17.8217.4317.5317.7417.5216.6717.2116.5416.0815.80
FDIC insurance expense4.124.303.163.012.221.792.744.185.976.34
Other real estate expense (income), net0.770.520.310.180.09(0.17)1.231.172.562.00
Other7.6512.0310.108.928.309.4510.289.449.4710.70
Equipment Expense7.897.616.496.626.647.077.076.126.326.87
Professional services6.686.255.586.115.626.176.566.908.207.88
Outsourced services10.8610.049.218.387.757.607.506.416.225.86
Charitable contributions--------------------
Supplies expense--------------------
Insurance expense--------------------
Total Noninterest Expense105.73111.30100.32101.6695.7097.7397.7193.9993.8390.56
Income Before Income Taxes64.0577.6199.4282.1369.4576.5179.6576.7568.2966.76
Current tax expense: Federal12.30--17.1417.6615.6615.1713.9026.5120.90--
Current tax expense: State0.93--2.933.202.402.361.762.221.52--
Income taxes15.2118.9724.1820.6116.9918.6718.2133.6025.6924.52
Deferred tax expense----4.11(0.24)(1.07)--2.56(0.18)3.26--
Enactment of Federal Tax Reform--------------5.05----
Net Income48.8358.6575.2361.5252.4557.8461.4543.1542.6042.24
Less: net income allocated to participating securities--------------------
Net income (loss) available to common shareholders48.8358.6575.2361.5252.4557.8461.4543.1542.6042.24
Net Earnings Per Share (Basic)2.573.083.933.192.722.993.192.252.232.22
Net Earnings Per Share (Diluted)2.573.083.933.192.722.993.182.242.232.22
Weighted Average Shares Outstanding (Basic)19.0219.0219.1319.2619.3019.3719.3019.2219.1119.02
Weighted Average Shares Outstanding (Diluted)19.0419.0319.1319.2619.3019.3919.3319.2419.1319.04