EX-99.(A) 2 ex99_a.htm EXHIBIT 99(A) ex99_a.htm
Welcome to the
2008 Annual Meeting
 
 
 
Shareholder Assembly Agenda
•Stock Performance
•Dividend Strategy
•2007 Review 
•Expansion Plans
•Some Things To Be Proud Of
•Questions and Answers
 
 
 
While our stock declined on a total return basis in 2007, we compare
quite favorably to local competitors and national peer groups
One Year Total Return on TrustCo Shares vs. Competitors
Through December 31, 2007
 
 
 
Three Year Total Return on TrustCo Shares vs. Competitors
Through December 31, 2007
 
 
 
Five Year Total Return on TrustCo Shares vs. Competitors
Through December 31, 2007
 
 
 
15 Year Total Return Performance
 
 
 
Dividend Strategy
• Long Term Approach
• Capital Needed to Support Growth
• Excess Capital Should Be Returned To
 Shareholders
 
 
 
Total Net Income and
Dividends Paid
2003 - 2007
Net Income = $253.4 million
Dividends Paid = $230.8 Million
 
 
 
Dividend Payout Ratio
 
 
 
TrustCo vs. Competitors
2007 Dividend Payout Ratio
 
 
 
Dividend Yield
TrustCo vs. Competitors
(as of 5/7/2008)
 
 
 
Total Deposits
Deposits are up 25% since 2003, including 8% in 2007
 
 
 
Total Loans
Loans are up 71% since 2003, including 10% growth in 2007
 
 
 
Sub-Prime Loans
•TrustCo Investment = $ 0.00
 
 
 
Extremely Strong Reserves to Loans
Our Staying Power In This Very Difficult Environment Is Superior
 
 
 
Non-performing Assets To Total Assets
In-line With Locals And Much Better Than National Peers
 
 
 
Efficiency Ratio
 
 
 


Efficiency Ratio
TrustCo vs. Competitors

 
 
 
TrustCo Net Interest Margin
 
 
 
Return on Average Assets
Our Profitability Remains Strong
 
 
 
Return on Average Assets
TrustCo vs. Competitors
Profitability Remains Above Local And National Peers
 
 
 
Return on Average Equity
TrustCo vs. Competitors
Profitability Remains Above Local And National Peers
 
 
 
Managed Assets Per Employee
 
 
 
Deposits per Employee
TrustCo vs. Competitors
 
 
 
CEO Cash Compensation vs. Stock Price
 
 
 
Expansion Plans
•New Branches
•Growth
 
 
 
Continuing to Expand
Number of Offices
 
 
 
Branches Pending
Florida Downstate Upstate New Jersey
16 4 1 1
Branches Opened in 2007
Allendale, Apopka, Ardsley, Bronxville, Crestwood Plaza,
Curry Ford Road West, Goldenrod Road, Great Barrington,
Lake Square, Lee, Lee Road, Monroe, Mt. Kisco,
Peekskill, Schaghticoke, Winterhaven.
 
 
 
STRATEGY PAYOFF
Percentage of Total Deposit Growth
Since 12/31/2005
 
 
 
SOME THINGS TO
BE PROUD OF:
 
 
 
WMHT Auction
 
 
 
Honors Received
US Banker - Top 200 Mid-Tier Banks  
 Top 10 for the last four years
SNL Financial - Top 100 Thrifts 
 Top 15 last two years
Bank Director - Top 150 Performers
 Top 20 in 2007
 
 
 
2008 Annual Meeting
Questions and Answers
 
 
 
2008 Annual Meeting
Thank You for Attending