XML 48 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest and dividend income:      
Interest and fees on loans $ 128,581 $ 129,212 $ 128,148
Interest and dividends on securities available for sale:      
Total interest and dividends on securities available for sale 18,776 22,639 23,778
Interest on held to maturity securities:      
Total interest on held to maturity securities 5,978 7,491 8,899
Federal Reserve Bank and Federal Home Loan Bank stock 486 304 389
Interest on federal funds sold and other short-term investments 1,142 1,102 909
Total interest income 154,963 160,748 162,123
Interest expense:      
Interest on deposits 18,500 24,670 33,222
Interest on short-term borrowings 1,475 1,574 1,776
Total interest expense 19,975 26,244 34,998
Net interest income 134,988 134,504 127,125
Provision for loan losses 12,000 18,750 23,200
Net interest income after provision for loan losses 122,988 115,754 103,925
Noninterest income:      
Trustco Financial Services income 5,761 5,088 4,993
Fees for services to customers 12,290 11,305 11,518
Net gain on securities transactions 2,161 1,428 3,352
Other 752 952 1,018
Total noninterest income 20,964 18,773 20,881
Noninterest expenses:      
Salaries and employee benefits 31,276 28,751 27,065
Net occupancy expense 15,257 14,687 14,222
Equipment expense 6,073 5,652 5,638
Professional services 6,040 5,729 5,599
Outsourced services 5,122 5,100 5,458
Advertising expense 3,841 2,784 2,716
FDIC and other insurance expense 3,823 4,655 6,446
Other real estate expense, net 3,216 5,693 5,565
Other 9,329 9,091 8,185
Total noninterest expense 83,977 82,142 80,894
Income before income taxes 59,975 52,385 43,912
Income taxes 22,441 19,298 14,591
Net income 37,534 33,087 29,321
Earnings per share:      
Basic (in dollars per share) $ 0.400 $ 0.389 $ 0.381
Diluted (in dollars per share) $ 0.400 $ 0.389 $ 0.381
U. S. government sponsored enterprises [Member]
     
Interest and dividends on securities available for sale:      
Total interest and dividends on securities available for sale 8,097 12,998 12,455
Interest on held to maturity securities:      
Total interest on held to maturity securities 25 261 487
State and political subdivisions [Member]
     
Interest and dividends on securities available for sale:      
Total interest and dividends on securities available for sale 1,413 2,471 3,531
Mortgage-backed securities and collateralized mortgage obligations-residential [Member]
     
Interest and dividends on securities available for sale:      
Total interest and dividends on securities available for sale 6,697 3,091 3,282
Interest on held to maturity securities:      
Total interest on held to maturity securities 4,287 4,765 5,163
Corporate bonds [Member]
     
Interest and dividends on securities available for sale:      
Total interest and dividends on securities available for sale 2,231 4,059 4,488
Interest on held to maturity securities:      
Total interest on held to maturity securities 1,666 2,465 3,249
Small Business Administration-guaranteed participation securities [Member]
     
Interest and dividends on securities available for sale:      
Total interest and dividends on securities available for sale 319 0 0
Other securities [Member]
     
Interest and dividends on securities available for sale:      
Total interest and dividends on securities available for sale $ 19 $ 20 $ 22