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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest and dividend income:        
Interest and fees on loans $ 34,421 $ 32,166 $ 100,909 $ 95,286
Interest and dividends on securities available for sale:        
U. S. government sponsored enterprises 297 571 1,184 2,014
State and political subdivisions 38 127 150 466
Mortgage-backed securities and collateralized mortgage obligations-residential 3,040 2,888 9,417 8,358
Corporate bonds 2 223 63 674
Small Business Administration-guaranteed participation securities 535 558 1,630 1,618
Mortgage-backed securities and collateralized mortgage obligations-commercial 38 39 114 106
Interest and Dividend Income, Other Available for Sale Securities 4 5 12 13
Total interest and dividends on securities available for sale 3,954 4,411 12,570 13,249
Interest on held to maturity securities:        
Mortgage-backed securities and collateralized mortgage obligations-residential 545 686 1,747 2,191
Corporate bonds 153 154 461 680
Total interest on held to maturity securities 698 840 2,208 2,871
Federal Reserve Bank and Federal Home Loan Bank stock 127 121 388 361
Interest on federal funds sold and other short-term investments 374 344 1,101 916
Total interest income 39,574 37,882 117,176 112,683
Interest on deposits [Abstract]        
Interest-bearing checking 94 84 267 246
Savings 644 798 1,999 2,543
Money market deposit accounts 648 590 1,865 1,905
Time deposits 2,213 1,937 6,199 5,640
Interest on short-term borrowings 327 370 1,062 1,101
Total interest expense 3,926 3,779 11,392 11,435
Net interest income 35,648 34,103 105,784 101,248
Provision for loan losses 1,100 1,500 4,100 5,500
Net interest income after provision for loan losses 34,548 32,603 101,684 95,748
Noninterest income:        
Trustco financial services income 1,471 1,317 4,386 4,025
Fees for services to customers 2,838 2,903 8,091 8,758
Net gain on securities transactions 376 0 382 1,434
Other 205 194 2,295 705
Total noninterest income 4,890 4,414 15,154 14,922
Noninterest expenses:        
Salaries and employee benefits 8,272 7,935 23,876 23,760
Net occupancy expense 4,013 3,911 12,382 11,874
Equipment expense 1,725 1,567 5,300 4,867
Professional services 1,547 1,255 4,271 4,240
Outsourced services 1,375 1,350 4,125 4,050
Advertising expense 629 548 1,885 1,992
FDIC and other insurance 1,054 1,009 2,958 3,023
Other real estate expense, net 1,001 946 168 3,168
Other 2,576 2,167 7,465 7,140
Total noninterest expenses 22,192 20,688 62,430 64,114
Income before taxes 17,246 16,329 54,408 46,556
Income taxes 6,532 6,077 20,875 17,373
Net income $ 10,714 $ 10,252 $ 33,533 $ 29,183
Net income per Common Share:        
Basic (in dollars per share) $ 0.113 $ 0.109 $ 0.354 $ 0.310
Diluted (in dollars per share) $ 0.113 $ 0.109 $ 0.354 $ 0.310