Parent Company Only

12 Months Ended

Dec. 31, 2012

Parent Company Only [Abstract]

Parent Company Only

(18) Parent Company Only

The following statements pertain to TrustCo Bank Corp NY (Parent Company):

Statements of Income

(dollars in thousands)	Years Ended December 31,
Income:	2012			2011			2010
Dividends and interest from subsidiaries	$	24,475			19,635			14,128
Net gain on securities transactions		-			45			-
Income from other investments		-			1			3
Total income		24,475			19,681			14,131
Expense:
Operating supplies		105			86			81
Professional services		296			362			599
Miscellaneous expense		737			555			329
Total expense		1,138			1,003			1,009
Income before income taxes and subsidiaries' undistributed earnings		23,337			18,678			13,122
Income tax benefit		(364	)		(174	)		(343	)
Income before subsidiaries' undistributed earnings		23,701			18,852			13,465
Equity in undistributed earnings of subsidiaries		13,833			14,235			15,856
Net income	$	37,534			33,087			29,321

Statements of Condition
(dollars in thousands)	December 31,
Assets:	2012		2011
Cash in subsidiary bank	$	12,950		10,663
Investments in subsidiaries		351,704		333,822
Securities available for sale		10		10
Other assets		178		269
Total assets		364,842		344,764
Liabilities and shareholders' equity:
Accrued expenses and other liabilities		6,044		6,248
Total liabilities		6,044		6,248
Shareholders' equity		358,798		338,516
Total liabilities and shareholders' equity	$	364,842		344,764

Statements of Cash Flows
	Years Ended December 31,
	2012			2011			2010
Increase/(decrease) in cash and cash equivalents:
Cash flows from operating activities:
Net income	$	37,534			33,087			29,321
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries		(13,833	)		(14,235	)		(15,856	)
Stock based compensation expense		405			287			176
Net gain on securities transactions		-			(45	)		-
Net change in other assets and accrued expenses		(158	)		(232	)		(310	)
Total adjustments		(13,586	)		(14,225	)		(15,990	)
Net cash provided by operating activities		23,948			18,862			13,331
Cash flows from investing activities:
Proceeds from sale of securities available for sale		-			372			-
Investment in bank subsidiary		-			(67,000	)		-
Purchases of securities available for sale		-			(68	)		-
Net cash provided by investing activities		-			(66,696	)		-
Cash flows from financing activities:
Dividends paid		(24,574	)		(21,320	)		(19,447	)
Net proceeds from common stock offering		-			67,578			-
Proceeds from sales of treasury stock		2,913			2,900			2,833
Net cash used in financing activities		(21,661	)		49,158			(16,614	)
Net (decrease) increase in cash and cash equivalents		2,287			1,324			(3,283	)
Cash and cash equivalents at beginning of year		10,663			9,339			12,622
Cash and cash equivalents at end of year	$	12,950			10,663			9,339