Trustco bank corp ny (TRST)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Interest and dividend income:
Interest and fees on loans

42,063

42,002

41,923

41,432

41,253

41,184

40,073

38,956

38,091

37,914

37,513

36,662

36,044

36,251

36,171

35,652

35,605

35,930

35,631

35,343

34,983

35,051

34,421

33,614

32,874

32,658

32,166

31,639

31,481

31,776

32,103

32,277

32,425

32,711

32,640

32,184

31,677

32,297

31,976

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.

421

609

996

821

783

788

787

787

750

614

465

607

595

422

408

404

255

256

584

366

212

233

297

381

506

-

571

-

-

-

-

-

-

-

-

-

-

-

-

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.

1

2

2

3

1

2

7

6

7

10

6

11

12

12

13

13

14

16

23

23

25

29

38

44

68

-

127

-

-

-

-

-

-

-

-

-

-

-

-

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.

2,113

2,334

2,178

2,152

1,555

1,559

1,601

1,670

1,763

1,709

1,815

1,965

1,958

1,849

1,829

2,169

2,116

2,233

2,230

2,276

2,393

2,733

3,040

3,299

3,078

-

2,888

-

-

-

-

-

-

-

-

-

-

-

-

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.

238

295

321

272

208

202

202

150

133

148

153

154

151

149

97

0

0

0

0

0

1

2

2

2

59

-

223

-

-

-

-

-

-

-

-

-

-

-

-

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.

245

253

282

289

297

329

325

333

352

358

380

394

415

430

445

450

476

482

497

503

522

524

535

539

556

-

558

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

0

-

42

-

22

-

23

23

36

38

36

37

37

38

37

37

38

38

38

-

39

-

-

-

-

-

-

-

-

-

-

-

-

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.

6

6

6

5

5

5

4

4

5

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

-

5

-

-

-

-

-

-

-

-

-

-

-

-

Total interest and dividends on securities available for sale

3,024

3,499

3,785

3,542

2,849

2,880

2,926

2,950

3,052

2,907

2,845

3,135

3,158

2,889

2,832

3,078

2,901

3,028

3,375

3,210

3,194

3,562

3,954

4,307

4,309

4,451

4,411

4,314

4,524

4,236

4,915

4,991

4,634

4,985

5,640

6,223

5,791

5,501

6,592

Interest on held to maturity securities: [Abstract]
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.

175

184

187

209

217

226

232

244

260

261

276

296

316

331

347

374

402

425

461

480

478

512

545

577

625

-

686

-

-

-

-

-

-

-

-

-

-

-

-

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

102

154

154

153

156

154

154

154

153

154

154

154

153

154

154

-

154

-

-

-

-

-

-

-

-

-

-

-

-

Total interest on held to maturity securities

175

184

187

209

217

226

232

244

260

261

378

450

470

484

503

528

556

579

614

634

632

666

698

731

779

802

840

930

1,101

1,208

1,361

1,585

1,824

1,838

1,915

1,835

1,903

2,028

2,307

Dividends income on Federal Reserve Bank and Federal Home Loan Bank stock.

82

203

81

199

85

207

82

198

77

151

125

134

134

133

131

118

120

120

113

118

116

123

127

128

133

129

121

121

119

127

120

149

90

-

84

-

-

-

-

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.

1,267

1,635

2,552

3,282

3,009

2,367

2,425

2,467

2,017

1,779

1,927

1,727

1,246

865

866

832

844

494

408

423

400

363

374

376

351

324

344

327

245

265

258

299

320

284

318

254

246

258

228

Total interest income

46,611

47,523

48,528

48,664

47,413

46,864

45,738

44,815

43,497

43,012

42,788

42,108

41,052

40,622

40,503

40,208

40,026

40,151

40,141

39,728

39,325

39,765

39,574

39,156

38,446

38,364

37,882

37,331

37,470

37,612

38,757

39,301

39,293

40,038

40,597

40,496

39,617

40,084

41,103

Interest-bearing checking

16

-

52

94

121

-

113

112

106

-

113

134

124

-

120

116

114

-

117

111

105

-

94

89

84

-

84

82

80

-

79

78

78

-

74

70

65

167

172

Savings accounts

233

-

323

367

377

-

417

420

419

-

435

435

430

-

504

604

604

-

603

599

658

-

644

592

763

-

798

829

916

-

870

979

1,102

-

952

885

933

823

857

Money market deposit accounts

1,096

-

1,177

1,119

826

-

544

452

439

-

469

468

466

-

463

467

496

-

537

547

617

-

648

618

599

-

590

630

685

-

673

770

923

-

1,158

1,184

1,227

1,350

1,342

Time deposits

6,391

-

7,974

7,512

5,976

-

3,864

3,439

2,860

-

2,247

2,181

2,283

-

2,468

2,460

2,373

-

2,544

2,500

2,434

-

2,213

2,035

1,951

-

1,937

1,883

1,820

-

2,629

3,230

3,418

-

3,904

4,099

4,443

5,753

6,432

Interest on short-term borrowings

322

347

359

381

381

352

277

283

358

359

345

349

349

291

281

262

257

278

290

300

346

335

327

342

393

382

370

367

364

361

348

378

388

401

384

382

407

438

455

Total interest expense

8,058

9,282

9,885

9,473

7,681

6,125

5,215

4,706

4,182

3,764

3,609

3,567

3,652

3,715

3,836

3,909

3,844

3,889

4,091

4,057

4,160

4,096

3,926

3,676

3,790

3,848

3,779

3,791

3,865

4,032

4,599

5,435

5,909

6,077

6,472

6,620

7,075

8,531

9,258

Net interest income

38,553

38,241

38,643

39,191

39,732

40,739

40,523

40,109

39,315

39,248

39,179

38,541

37,400

36,907

36,667

36,299

36,182

36,262

36,050

35,671

35,165

35,669

35,648

35,480

34,656

34,516

34,103

33,540

33,605

33,580

34,158

33,866

33,384

33,961

34,125

33,876

32,542

31,553

31,845

Provision for loan losses

2,000

200

0

-341

300

500

300

300

300

300

550

550

600

600

750

800

800

1,300

800

800

800

1,000

1,100

1,500

1,500

1,500

1,500

2,000

2,000

3,000

2,900

3,000

3,100

4,200

5,100

4,850

4,600

5,900

7,100

Net interest income after provision for loan losses

36,553

38,041

38,643

39,532

39,432

40,239

40,223

39,809

39,015

38,948

38,629

37,991

36,800

36,307

35,917

35,499

35,382

34,962

35,250

34,871

34,365

34,669

34,548

33,980

33,156

33,016

32,603

31,540

31,605

30,580

31,258

30,866

30,284

29,761

29,025

29,026

27,942

25,653

24,745

Noninterest income:
The amount of noninterest income which is related to the financial services.

1,600

1,454

1,517

1,683

1,733

1,356

1,516

1,596

1,815

-

1,844

1,425

-

1,422

1,347

1,512

1,605

1,489

1,351

1,478

1,653

1,451

1,471

1,405

1,510

1,276

1,317

1,287

1,421

1,815

1,145

1,407

1,394

1,086

1,242

1,186

1,574

1,261

1,176

The amount of noninterest income for fees charged from customers for the services provided.

2,315

2,377

2,602

2,611

2,520

2,897

2,693

2,677

2,645

-

2,767

2,797

-

2,795

2,664

2,737

2,661

2,704

2,770

2,691

2,524

2,753

2,838

2,732

2,521

2,917

2,903

2,968

2,887

3,385

3,234

2,939

2,732

4,697

2,189

2,325

2,094

2,400

2,646

Net gain on securities transactions

1,155

-

-

-

0

-

-

-

-

-

-

-

-

-

0

668

-

2

0

0

249

335

376

0

6

188

0

1,432

2

763

666

55

677

132

158

851

287

934

1,537

Other

264

284

806

620

384

199

246

222

219

234

243

282

232

295

718

282

306

235

244

285

197

213

205

368

1,722

467

194

229

282

197

172

176

207

213

214

209

316

244

292

Total noninterest income

5,334

4,115

4,925

4,914

4,637

4,452

4,455

4,495

4,679

4,288

4,854

4,504

4,727

4,512

4,729

5,199

4,572

4,430

4,365

4,454

4,623

4,752

4,890

4,505

5,759

4,848

4,414

5,916

4,592

6,160

5,217

4,577

5,010

6,128

3,803

4,571

4,271

4,839

5,651

Noninterest expenses:
Salaries and employee benefits

11,373

11,743

11,725

11,711

11,451

10,183

10,761

10,741

10,422

10,536

10,360

9,559

10,210

9,576

8,995

8,934

9,003

8,042

7,834

8,164

8,481

9,003

8,272

8,012

7,592

8,664

7,935

7,647

8,178

8,427

7,587

7,519

7,743

7,638

7,087

7,000

7,026

6,567

6,556

Net occupancy expense

4,306

4,399

4,094

4,006

4,167

4,800

3,997

4,101

4,315

4,140

4,027

4,267

4,109

4,185

3,887

3,918

4,088

3,884

3,929

3,878

4,108

3,869

4,013

4,110

4,259

4,226

3,911

3,910

4,053

3,889

3,756

3,817

3,795

3,664

3,614

3,672

3,737

3,502

3,511

Equipment expense

1,802

1,768

1,689

1,709

1,902

1,741

1,783

1,793

1,751

1,465

1,669

1,428

1,556

1,370

1,596

1,840

1,514

1,530

1,596

1,803

1,942

1,919

1,725

1,823

1,752

1,514

1,567

1,582

1,718

1,637

1,316

1,600

1,520

1,200

1,639

1,481

1,332

1,333

1,464

Professional services

1,481

1,449

1,507

1,568

1,650

1,733

1,578

1,814

1,430

1,325

1,679

1,963

1,928

1,997

1,959

2,098

2,146

2,067

2,238

2,066

1,507

1,536

1,547

1,438

1,286

1,409

1,255

1,565

1,420

1,458

1,657

1,489

1,436

1,411

1,152

1,681

1,485

1,194

1,565

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.

2,075

1,925

1,875

1,875

1,925

1,875

1,875

1,825

1,925

1,750

1,650

1,500

1,500

1,775

1,465

1,425

1,551

1,585

1,425

1,425

1,425

1,225

1,375

1,425

1,325

1,075

1,350

1,350

1,350

1,175

1,350

1,347

1,250

1,050

1,350

1,350

1,350

1,409

1,418

Advertising expense

488

464

494

778

785

876

844

670

630

559

699

607

713

727

489

570

729

592

668

733

600

602

629

657

599

835

548

714

730

1,037

935

1,060

809

607

763

708

706

583

796

Amount of expense for Federal Deposit Insurance Corporation (FDIC) and other insurance.

294

259

282

598

648

522

682

514

1,023

1,102

1,018

1,012

1,047

901

1,127

1,949

1,990

2,055

2,202

1,017

1,065

949

1,054

1,000

904

952

1,009

1,004

1,010

1,007

983

953

880

577

835

1,392

1,851

1,610

1,535

Other real estate (income) expense, net during the period.

194

-385

33

210

-24

37

528

294

372

401

275

-4

499

721

895

423

519

570

806

201

424

841

1,001

-1,688

855

430

946

1,473

749

375

1,210

665

966

-

754

2,095

-

-

-

Other real estate income net

-

-

-

-

-

-

-

-

-

-

-

4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,590

-1,371

-794

Other

2,255

2,269

2,371

2,447

2,363

3,152

2,496

2,343

2,287

2,248

2,149

2,581

2,457

2,113

2,636

2,817

1,899

2,783

2,766

2,844

2,305

2,296

2,576

2,660

2,229

1,786

2,167

2,624

2,349

2,144

1,849

2,599

2,737

3,900

1,249

2,173

1,769

1,415

1,596

Total noninterest expenses

24,268

23,891

24,070

24,902

24,867

24,919

24,544

24,095

24,155

23,536

23,526

22,913

24,019

23,365

23,049

23,974

23,439

23,108

23,464

22,131

21,857

22,240

22,192

19,437

20,801

20,891

20,688

21,869

21,557

21,149

20,643

21,049

21,136

21,301

18,443

21,552

20,846

18,984

19,235

Income before taxes

17,619

18,265

19,498

19,544

19,202

19,772

20,134

20,209

19,539

19,700

19,957

19,582

17,508

17,454

17,597

16,724

16,515

16,284

16,151

17,194

17,131

17,181

17,246

19,048

18,114

16,973

16,329

15,587

14,640

15,591

15,832

14,394

14,158

14,588

14,385

12,045

11,367

11,508

11,161

Income taxes

4,306

4,358

4,790

4,877

4,644

3,739

4,935

4,804

4,731

12,338

7,361

7,342

6,561

6,656

6,667

6,260

6,106

6,104

5,535

6,467

6,416

6,521

6,532

7,240

7,103

6,344

6,077

5,824

5,472

5,785

6,079

5,328

5,249

5,874

5,160

4,279

3,985

3,150

4,037

Net income

13,313

13,907

14,708

14,667

14,558

16,033

15,199

15,405

14,808

7,362

12,596

12,240

10,947

10,798

10,930

10,464

10,409

10,180

10,616

10,727

10,715

10,660

10,714

11,808

11,011

10,629

10,252

9,763

9,168

9,806

9,753

9,066

8,909

8,714

9,225

7,766

7,382

8,358

7,124

Net income per share:
Basic (in dollars per share)

0.13

0.14

0.15

0.15

0.15

0.16

0.15

0.16

0.15

0.07

0.13

0.12

0.11

0.11

0.11

0.11

0.10

0.10

0.11

0.11

0.11

0.11

0.11

0.12

0.11

0.11

0.10

0.10

0.09

0.10

0.10

0.09

0.09

0.09

0.10

0.10

0.09

0.10

0.09

Diluted (in dollars per share)

0.13

0.14

0.15

0.15

0.15

0.16

0.15

0.16

0.15

0.07

0.13

0.12

0.11

0.11

0.11

0.10

0.10

0.10

0.11

0.11

0.11

0.11

0.11

0.12

0.11

0.11

0.10

0.10

0.09

0.10

0.10

0.09

0.09

0.09

0.10

0.10

0.09

0.10

0.09