TRUSTCO BANK CORP NY TRST Income Statement

Trustco bank corp ny (TRST)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest and dividend income:
Interest and fees on loans
167,420	166,610	165,792	163,942	161,466	158,304	155,034	152,474	150,180	148,133	146,470	145,128	144,118	143,679	143,358	142,818	142,509	141,887	141,008	139,798	138,069	135,960	133,567	131,312	129,337	127,944	127,062	126,999	127,637	128,581	129,516	130,053	129,960	129,212	128,798	128,134	0	0	0
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.
2,847	3,209	3,388	3,179	3,145	3,112	2,938	2,616	2,436	2,281	2,089	2,032	1,829	1,489	1,323	1,499	1,461	1,418	1,395	1,108	1,123	1,417	1,755	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
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	8	8	13	16	22	30	29	34	39	41	48	50	52	56	66	76	87	100	115	136	179	277	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
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.
8,777	8,219	7,444	6,867	6,385	6,593	6,743	6,957	7,252	7,447	7,587	7,601	7,805	7,963	8,347	8,748	8,855	9,132	9,632	10,442	11,465	12,150	12,305	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
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.
1,126	1,096	1,003	884	762	687	633	584	588	606	607	551	397	246	97	0	0	1	3	5	7	65	286	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
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.
1,069	1,121	1,197	1,240	1,284	1,339	1,368	1,423	1,484	1,547	1,619	1,684	1,740	1,801	1,853	1,905	1,958	2,004	2,046	2,084	2,120	2,154	2,188	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
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	-	0	-	0	-	120	133	147	148	148	149	149	150	150	151	153	0	0	-	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.
23	22	21	19	18	18	17	17	17	16	16	16	16	16	16	16	16	16	16	16	16	16	17	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Total interest and dividends on securities available for sale
13,850	13,675	13,056	12,197	11,605	11,808	11,835	11,754	11,939	12,045	12,027	12,014	11,957	11,700	11,839	12,382	12,514	12,807	13,341	13,920	15,017	16,132	17,021	17,478	17,485	17,700	17,485	17,989	18,666	18,776	19,525	20,250	21,482	22,639	23,155	24,107	0	0	0
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.
755	797	839	884	919	962	997	1,041	1,093	1,149	1,219	1,290	1,368	1,454	1,548	1,662	1,768	1,844	1,931	2,015	2,112	2,259	2,433	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
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.
-	-	-	-	-	-	-	-	-	410	563	617	617	617	618	615	615	615	615	615	615	615	615	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Total interest on held to maturity securities
755	797	839	884	919	962	997	1,143	1,349	1,559	1,782	1,907	1,985	2,071	2,166	2,277	2,383	2,459	2,546	2,630	2,727	2,874	3,010	3,152	3,351	3,673	4,079	4,600	5,255	5,978	6,608	7,162	7,412	7,491	7,681	8,073	0	0	0
Dividends income on Federal Reserve Bank and Federal Home Loan Bank stock.
565	568	572	573	572	564	508	551	487	544	526	532	516	502	489	471	471	467	470	484	494	511	517	511	504	490	488	487	515	486	443	0	0	-	0	-	-	-	-
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.
8,736	10,478	11,210	11,083	10,268	9,276	8,688	8,190	7,450	6,679	5,765	4,704	3,809	3,407	3,036	2,578	2,169	1,725	1,594	1,560	1,513	1,464	1,425	1,395	1,346	1,240	1,181	1,095	1,067	1,142	1,161	1,221	1,176	1,102	1,076	986	0	0	0
Total interest income
191,326	192,128	191,469	188,679	184,830	180,914	177,062	174,112	171,405	168,960	166,570	164,285	162,385	161,359	160,888	160,526	160,046	159,345	158,959	158,392	157,820	156,941	155,540	153,848	152,023	151,047	150,295	151,170	153,140	154,963	157,389	159,229	160,424	160,748	160,794	161,300	0	0	0
Interest-bearing checking
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	0	0
Savings accounts
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	0	0
Money market deposit accounts
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	0	0
Time deposits
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	0	0
Interest on short-term borrowings
1,409	1,468	1,473	1,391	1,293	1,270	1,277	1,345	1,411	1,402	1,334	1,270	1,183	1,091	1,078	1,087	1,125	1,214	1,271	1,308	1,350	1,397	1,444	1,487	1,512	1,483	1,462	1,440	1,451	1,475	1,515	1,551	1,555	1,574	1,611	1,682	0	0	0
Total interest expense
36,698	36,321	33,164	28,494	23,727	20,228	17,867	16,261	15,122	14,592	14,543	14,770	15,112	15,304	15,478	15,733	15,881	16,197	16,404	16,239	15,858	15,488	15,240	15,093	15,208	15,283	15,467	16,287	17,931	19,975	22,020	23,893	25,078	26,244	28,698	31,484	0	0	0
Net interest income
154,628	155,807	158,305	160,185	161,103	160,686	159,195	157,851	156,283	154,368	152,027	149,515	147,273	146,055	145,410	144,793	144,165	143,148	142,555	142,153	141,962	141,453	140,300	138,755	136,815	135,764	134,828	134,883	135,209	134,988	135,369	135,336	135,346	134,504	132,096	129,816	0	0	0
Provision for loan losses
1,859	159	459	759	1,400	1,400	1,200	1,450	1,700	2,000	2,300	2,500	2,750	2,950	3,650	3,700	3,700	3,700	3,400	3,700	4,400	5,100	5,600	6,000	6,500	7,000	8,500	9,900	10,900	12,000	13,200	15,400	17,250	18,750	20,450	22,450	0	0	0
Net interest income after provision for loan losses
152,769	155,648	157,846	159,426	159,703	159,286	157,995	156,401	154,583	152,368	149,727	147,015	144,523	143,105	141,760	141,093	140,465	139,448	139,155	138,453	137,562	136,353	134,700	132,755	130,315	128,764	126,328	124,983	124,309	122,988	122,169	119,936	118,096	115,754	111,646	107,366	0	0	0
Noninterest income:
The amount of noninterest income which is related to the financial services.
6,254	6,387	6,289	6,288	6,201	6,283	6,771	6,680	0	-	0	0	-	5,886	5,953	5,957	5,923	5,971	5,933	6,053	5,980	5,837	5,662	5,508	5,390	5,301	5,840	5,668	5,788	5,761	5,032	5,129	4,908	5,088	5,263	5,197	0	0	0
The amount of noninterest income for fees charged from customers for the services provided.
9,905	10,110	10,630	10,721	10,787	10,912	10,782	10,886	0	-	0	0	-	10,857	10,766	10,872	10,826	10,689	10,738	10,806	10,847	10,844	11,008	11,073	11,309	11,675	12,143	12,474	12,445	12,290	13,602	12,557	11,943	11,305	9,008	9,465	0	0	0
Net gain on securities transactions
0	-	-	-	0	-	-	-	-	-	-	-	-	-	0	0	-	251	584	960	960	717	570	194	1,626	1,622	2,197	2,863	1,486	2,161	1,530	1,022	1,818	1,428	2,230	3,609	0	0	0
Other
1,974	2,094	2,009	1,449	1,051	886	921	918	978	991	1,052	1,527	1,527	1,601	1,541	1,067	1,070	961	939	900	983	2,508	2,762	2,751	2,612	1,172	902	880	827	752	768	810	843	952	983	1,061	0	0	0
Total noninterest income
19,288	18,591	18,928	18,458	18,039	18,081	17,917	18,316	18,325	18,373	18,597	18,472	19,167	19,012	18,930	18,566	17,821	17,872	18,194	18,719	18,770	19,906	20,002	19,526	20,937	19,770	21,082	21,885	20,546	20,964	20,932	19,518	19,512	18,773	17,484	19,332	0	0	0
Noninterest expenses:
Salaries and employee benefits
46,552	46,630	45,070	44,106	43,136	42,107	42,460	42,059	40,877	40,665	39,705	38,340	37,715	36,508	34,974	33,813	33,043	32,521	33,482	33,920	33,768	32,879	32,540	32,203	31,838	32,424	32,187	31,839	31,711	31,276	30,487	29,987	29,468	28,751	27,680	27,149	0	0	0
Net occupancy expense
16,805	16,666	17,067	16,970	17,065	17,213	16,553	16,583	16,749	16,543	16,588	16,448	16,099	16,078	15,777	15,819	15,779	15,799	15,784	15,868	16,100	16,251	16,608	16,506	16,306	16,100	15,763	15,608	15,515	15,257	15,032	14,890	14,745	14,687	14,525	14,422	0	0	0
Equipment expense
6,968	7,068	7,041	7,135	7,219	7,068	6,792	6,678	6,313	6,118	6,023	5,950	6,362	6,320	6,480	6,480	6,443	6,871	7,260	7,389	7,409	7,219	6,814	6,656	6,415	6,381	6,504	6,253	6,271	6,073	5,636	5,959	5,840	5,652	5,785	5,610	0	0	0
Professional services
6,005	6,174	6,458	6,529	6,775	6,555	6,147	6,248	6,397	6,895	7,567	7,847	7,982	8,200	8,270	8,549	8,517	7,878	7,347	6,656	6,028	5,807	5,680	5,388	5,515	5,649	5,698	6,100	6,024	6,040	5,993	5,488	5,680	5,729	5,512	5,925	0	0	0
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.
7,750	7,600	7,550	7,550	7,500	7,500	7,375	7,150	6,825	6,400	6,425	6,240	6,165	6,216	6,026	5,986	5,986	5,860	5,500	5,450	5,450	5,350	5,200	5,175	5,100	5,125	5,225	5,225	5,222	5,122	4,997	4,997	5,000	5,100	5,459	5,527	0	0	0
Advertising expense
2,224	2,521	2,933	3,283	3,175	3,020	2,703	2,558	2,495	2,578	2,746	2,536	2,499	2,515	2,380	2,559	2,722	2,593	2,603	2,564	2,488	2,487	2,720	2,639	2,696	2,827	3,029	3,416	3,762	3,841	3,411	3,239	2,887	2,784	2,760	2,793	0	0	0
Amount of expense for Federal Deposit Insurance Corporation (FDIC) and other insurance.
1,433	1,787	2,050	2,450	2,366	2,741	3,321	3,657	4,155	4,179	3,978	4,087	5,024	5,967	7,121	8,196	7,264	6,339	5,233	4,085	4,068	3,907	3,910	3,865	3,869	3,975	4,030	4,004	3,953	3,823	3,393	3,245	3,684	4,655	5,688	6,388	0	0	0
Other real estate (income) expense, net during the period.
52	-166	256	751	835	1,231	1,595	1,342	1,044	1,171	1,491	2,111	2,538	2,558	2,407	2,318	2,096	2,001	2,272	2,467	578	1,009	598	543	3,704	3,598	3,543	3,807	2,999	3,216	3,595	4,480	0	-	0	0	-	-	-
Other real estate income net
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Other
9,342	9,450	10,333	10,458	10,354	10,278	9,374	9,027	9,265	9,435	9,300	9,787	10,023	9,465	10,135	10,265	10,292	10,698	10,211	10,021	9,837	9,761	9,251	8,842	8,806	8,926	9,284	8,966	8,941	9,329	11,085	10,485	10,059	9,091	6,606	6,953	0	0	0
Total noninterest expenses
97,131	97,730	98,758	99,232	98,425	97,713	96,330	95,312	94,130	93,994	93,823	93,346	94,407	93,827	93,570	93,985	92,142	90,560	89,692	88,420	85,726	84,670	83,321	81,817	84,249	85,005	85,263	85,218	84,398	83,977	84,129	81,929	82,432	82,142	79,825	80,617	0	0	0
Income before taxes
74,926	76,509	78,016	78,652	79,317	79,654	79,582	79,405	78,778	76,747	74,501	72,141	69,283	68,290	67,120	65,674	66,144	66,760	67,657	68,752	70,606	71,589	71,381	70,464	67,003	63,529	62,147	61,650	60,457	59,975	58,972	57,525	55,176	52,385	49,305	46,081	0	0	0
Income taxes
18,331	18,669	18,050	18,195	18,122	18,209	26,808	29,234	31,772	33,602	27,920	27,226	26,144	25,689	25,137	24,005	24,212	24,522	24,939	25,936	26,709	27,396	27,219	26,764	25,348	23,717	23,158	23,160	22,664	22,441	22,530	21,611	20,562	19,298	16,574	15,451	0	0	0
Net income
56,595	57,840	59,966	60,457	61,195	61,445	52,774	50,171	47,006	43,145	46,581	44,915	43,139	42,601	41,983	41,669	41,932	42,238	42,718	42,816	43,897	44,193	44,162	43,700	41,655	39,812	38,989	38,490	37,793	37,534	36,442	35,914	34,614	33,087	32,731	30,630	0	0	0
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