Short-Term Borrowings

12 Months Ended

Dec. 31, 2012

Short-Term Borrowings [Abstract]

Short-Term Borrowings

(7) Short-Term Borrowings

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

(dollars in thousands)	2012			2011		2010
Amount outstanding at December 31,	$	159,846			147,563		124,615
Maximum amount outstanding at any month end		166,374			148,002		130,996
Average amount outstanding		152,982			133,803		119,213
Weighted average interest rate:
For the year		0.96	%		1.18		1.49
As of year end		0.89			1.13		1.40

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, 2012 and 2011, 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.