TRUSTCO BANK CORP NY TRST Income Statement

Trustco bank corp ny (TRST)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Interest and dividend income:
Interest and fees on loans
166,610	158,304	148,133	143,679	141,887	135,960	127,944	128,581	129,212	128,148	125,199
Interest and dividends on securities available for sale:
Amount of operating interest and dividend income, including amortization and accretion of premiums and discounts, on securities issued by U.S. government sponsored enterprises and classified as available for sale securities.
3,209	3,112	2,281	1,489	1,418	1,417	2,600	8,097	-	-	-
Interest or dividend income, including any amortization and accretion (as applicable) of discounts and premiums, derived from debt securities issued by municipal governments, and local taxing districts and classified as available for sale securities.
8	22	39	52	87	179	562	1,413	-	-	-
Amount of operating interest and dividend income, including amortization and accretion of premiums and discounts, on securitized, pass-through debt securities collateralized by mortgage loans and classified as available for sale.
8,219	6,593	7,447	7,963	9,132	12,150	11,385	6,697	-	-	-
Amount of operating interest and dividend income, including amortization and accretion of premiums and discounts, on corporate debt securities that are classified as available for sale.
1,096	687	606	246	1	65	812	2,231	-	-	-
Interest or dividend income, including any amortization and accretion (as applicable) of discounts and premiums, derived from SBA guaranteed participation securities and classified as available for sale securities.
1,121	1,339	1,547	1,801	2,004	2,154	2,180	319	-	-	-
Amount of operating interest and dividend income, including amortization and accretion of premiums and discounts, on securitized, pass-through debt securities collateralized by commercial real estate mortgage loans and classified as available for sale.
0	37	109	133	149	151	144	0	-	-	-
Amount of operating interest and dividend income, including amortization and accretion of premiums and discounts, on other securities not disclosed elsewhere that are classified as available for sale.
22	18	16	16	16	16	17	19	-	-	-
Total interest and dividends on securities available for sale
13,675	11,808	12,045	11,700	12,807	16,132	17,700	18,776	22,639	23,778	19,115
Interest on held to maturity securities: [Abstract]
U.S. Government Sponsored Enterprises
-	-	-	-	-	-	-	25	-	-	-
Amount of operating interest and dividend income, including amortization and accretion of premiums and discounts, on securitized, pass-through debt securities collateralized by residential real estate mortgage loans and classified as held to maturity.
797	962	1,149	1,454	1,844	2,259	2,840	4,287	-	-	-
Amount of operating interest and dividend income, including amortization and accretion of premiums and discounts, on corporate debt securities that are classified as held to maturity.
0	0	410	617	615	615	833	1,666	-	-	-
Total interest on trading securities
-	-	-	-	-	-	-	-	-	-	428
Total interest on held to maturity securities
797	962	1,559	2,071	2,459	2,874	3,673	5,978	7,491	8,899	14,430
Dividends income on Federal Reserve Bank and Federal Home Loan Bank stock.
568	564	544	502	467	511	490	486	304	389	-
Interest income on federal funds sold. Federal funds sold represent the excess federal funds held by one banking institution which it lends to another banking institution, usually at an agreed-upon rate of interest. Such loans are made for legal reserve requirement purposes of the borrowing bank and generally are overnight. Also interest income on interest earning investments not otherwise specified in the taxonomy that are of short-duration, including the outstanding balance with the Federal Reserve Bank.
10,478	9,276	6,679	3,407	1,725	1,464	1,240	1,142	1,102	909	2,188
Total interest income
192,128	180,914	168,960	161,359	159,345	156,941	151,047	154,963	160,748	162,123	161,360
Interest on deposits:
Interest on deposits
34,853	18,958	13,190	14,213	14,983	14,091	13,800	18,500	24,670	33,222	47,743
Interest on short-term borrowings
1,468	1,270	1,402	1,091	1,214	1,397	1,483	1,475	1,574	1,776	1,708
Total interest expense
36,321	20,228	14,592	15,304	16,197	15,488	15,283	19,975	26,244	34,998	49,451
Net interest income
155,807	160,686	154,368	146,055	143,148	141,453	135,764	134,988	134,504	127,125	111,909
Provision for loan losses
159	1,400	2,000	2,950	3,700	5,100	7,000	12,000	18,750	23,200	11,310
Net interest income after provision for loan losses
155,648	159,286	152,368	143,105	139,448	136,353	128,764	122,988	115,754	103,925	100,599
Noninterest income:
The amount of noninterest income which is related to the financial services.
6,387	6,283	6,584	5,886	5,971	5,837	5,301	5,761	5,088	4,993	5,070
The amount of noninterest income for fees charged from customers for the services provided.
10,110	10,912	10,798	10,857	10,689	10,844	11,675	12,290	11,305	11,518	10,460
Net gain on securities transactions
-	-	-	668	251	717	1,622	2,161	1,428	3,352	1,848
Net trading losses
-	-	-	-	-	-	-	-	-	-	-350
Other
2,094	886	991	1,601	961	2,508	1,172	752	952	1,018	2,236
Total noninterest income
18,591	18,081	18,373	19,012	17,872	19,906	19,770	20,964	18,773	20,881	19,264
Noninterest expenses:
Salaries and employee benefits
46,630	42,107	40,665	36,508	32,521	32,879	32,424	31,276	28,751	27,065	26,951
Net occupancy expense
16,666	17,213	16,543	16,078	15,799	16,251	16,100	15,257	14,687	14,222	14,054
Equipment expense
7,068	7,068	6,118	6,320	6,871	7,219	6,381	6,073	5,652	5,638	5,094
Professional services
6,174	6,555	6,895	8,200	7,878	5,807	5,649	6,040	5,729	5,599	5,311
A fee charged for services from data processing and item processing vendors. The Company has outsourced these services to unrelated third parties as opposed to performing them with its own in-house employees as a way to limit software, equipment and personnel costs.
7,600	7,500	6,400	6,216	5,860	5,350	5,125	5,122	5,100	5,458	5,639
Advertising expense
2,521	3,020	2,578	2,515	2,593	2,487	2,827	3,841	2,784	2,716	2,958
Amount of expense for Federal Deposit Insurance Corporation (FDIC) and other insurance.
1,787	2,741	4,179	5,967	6,339	3,907	3,975	3,823	4,655	6,446	7,719
Other real estate (income) expense, net during the period.
-166	1,231	1,171	2,558	2,001	1,009	3,598	3,216	5,693	5,565	-
Other real estate income net
-	-	-	-	-	-	-	-	-	-	-2,507
Other
9,450	10,278	9,435	9,465	10,698	9,761	8,926	9,329	9,091	8,185	6,348
Total noninterest expenses
97,730	97,713	93,994	93,827	90,560	84,670	85,005	83,977	82,142	80,894	76,581
Income before taxes
76,509	79,654	76,747	68,290	66,760	71,589	63,529	59,975	52,385	43,912	43,282
Income taxes
18,669	18,209	33,602	25,689	24,522	27,396	23,717	22,441	19,298	14,591	15,162
Net income
57,840	61,445	43,145	42,601	42,238	44,193	39,812	37,534	33,087	29,321	28,120
Net income per share:
Basic (in dollars per share)
0.59	0.63	0.44	0.44	0.44	0.46	0.42	0.40	0.38	0.38	0.36
Diluted (in dollars per share)
0.59	0.63	0.44	0.44	0.44	0.46	0.42	0.40	0.38	0.38	0.36