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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest and dividend income:        
Interest and fees on loans $ 31,639 $ 32,277 $ 63,120 $ 64,702
Interest and dividends on securities available for sale:        
Total interest and dividends on securities available for sale 4,314 4,991 8,838 9,625
Interest on held to maturity securities:        
Total interest on held to maturity securities 930 1,585 2,031 3,409
Federal Reserve Bank and Federal Home Loan Bank stock 121 149 240 239
Interest on federal funds sold and other short-term investments 327 299 572 619
Total interest income 37,331 39,301 74,801 78,594
Interest expense:        
Interest-bearing checking 82 78 162 156
Savings 829 979 1,745 2,081
Money market deposit accounts 630 770 1,315 1,693
Time deposits 1,883 3,230 3,703 6,648
Interest on short-term borrowings 367 378 731 766
Total interest expense 3,791 5,435 7,656 11,344
Net interest income 33,540 33,866 67,145 67,250
Provision for loan losses 2,000 3,000 4,000 6,100
Net interest income after provision for loan losses 31,540 30,866 63,145 61,150
Noninterest income:        
Trustco financial services income 1,287 1,407 2,708 2,801
Fees for services to customers 2,968 2,939 5,855 5,670
Net gain on securities transactions 1,432 55 1,434 732
Other 229 176 511 383
Total noninterest income 5,916 4,577 10,508 9,586
Noninterest expenses:        
Salaries and employee benefits 7,647 7,519 15,825 15,262
Net occupancy expense 3,910 3,817 7,963 7,612
Equipment expense 1,582 1,600 3,300 3,120
Professional services 1,565 1,489 2,985 2,925
Outsourced services 1,350 1,347 2,700 2,597
Advertising expense 714 1,060 1,444 1,869
FDIC and other insurance 1,004 953 2,014 1,833
Other real estate expense, net 1,473 665 2,222 1,631
Other 2,624 2,599 4,973 5,335
Total noninterest expenses 21,869 21,049 43,426 42,184
Income before taxes 15,587 14,394 30,227 28,552
Income taxes 5,824 5,328 11,296 10,577
Net income 9,763 9,066 18,931 17,975
Net income per Common Share:        
Basic (in dollars per share) $ 0.104 $ 0.097 $ 0.201 $ 0.192
Diluted (in dollars per share) $ 0.104 $ 0.097 $ 0.201 $ 0.192
U. S. government sponsored enterprises [Member]
       
Interest and dividends on securities available for sale:        
Total interest and dividends on securities available for sale 627 2,606 1,443 4,910
Interest on held to maturity securities:        
Total interest on held to maturity securities 0 0 0 25
State and political subdivisions [Member]
       
Interest and dividends on securities available for sale:        
Total interest and dividends on securities available for sale 148 368 339 778
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 2,701 1,364 5,470 2,457
Interest on held to maturity securities:        
Total interest on held to maturity securities 716 1,198 1,505 2,488
Corporate bonds [Member]
       
Interest and dividends on securities available for sale:        
Total interest and dividends on securities available for sale 233 648 451 1,470
Interest on held to maturity securities:        
Total interest on held to maturity securities 214 387 526 896
Small Business Administration-guaranteed participation securities [Member]
       
Interest and dividends on securities available for sale:        
Total interest and dividends on securities available for sale 564 0 1,060 0
Mortgage-backed securities and collateralized mortgage obligations-Commercial [Member]
       
Interest and dividends on securities available for sale:        
Total interest and dividends on securities available for sale 38 0 67 0
Other securities [Member]
       
Interest and dividends on securities available for sale:        
Total interest and dividends on securities available for sale $ 3 $ 5 $ 8 $ 10