Short-Term Borrowings

12 Months Ended

Dec. 31, 2011

Short Term Debt Disclosure [Abstract]

Short-Term Borrowings

(7) Short-Term Borrowings

Short-term borrowings of the Company were cash management accounts as follows:

(dollars in thousands)	2011			2010		2009
Amount outstanding at December 31,	$	147,563			124,615		107,728
Maximum amount outstanding at any month end		148,002			130,996		123,282
Average amount outstanding		133,803			119,213		104,033
Weighted average interest rate:
For the year		1.18	%		1.49		1.63
As of year end		1.13			1.40		1.52

Cash management accounts represent retail accounts with customers for which the Bank has pledged certain assets as collateral.

Trustco Bank also has an available line of credit with the Federal Home Loan Bank of New York which approximates the balance of securities pledged against such borrowings.  The line of credit requires securities to be pledged as collateral for the amount borrowed. As of December 31, 2011 and 2010, the Company had no outstanding borrowings with the Federal Home Loan Bank of New York and, as a result, there were no related securities pledged.