Parent Company Only (Tables)

12 Months Ended

Dec. 31, 2014

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

(dollars in thousands)	Year Ended December 31,
Income:	2014			2013			2012

Dividends and interest from subsidiaries	$	24,499			24,491			24,475
Miscellaneous income		18			-			-
Total income		24,517			24,491			24,475
Expense:
Operating supplies		50			81			105
Professional services		557			491			296
Miscellaneous expense		1,350			1,042			737
Total expense		1,957			1,614			1,138
Income before income taxes and subsidiaries' undistributed earnings		22,560			22,877			23,337
Income tax benefit		(663	)		(548	)		(364	)

Income before subsidiaries' undistributed earnings		23,223			23,425			23,701

Equity in undistributed earnings of subsidiaries		20,970			16,387			13,833
Net income	$	44,193			39,812			37,534

Statements of Condition
(dollars in thousands)	As of December 31,
Assets:	2014		2013
Cash in subsidiary bank	$	17,034		15,263
Investments in subsidiaries		382,968		352,717
Securities available for sale		35		10
Other assets		918		227
Total assets		400,955		368,217
Liabilities and shareholders' equity:
Accrued expenses and other liabilities		7,511		6,404
Total liabilities		7,511		6,404
Shareholders' equity		393,444		361,813
Total liabilities and shareholders' equity	$	400,955		368,217

Statements of Cash Flows

(dollars in thousands)	Year Ended December 31,
	2014			2013			2012
Increase/(decrease) in cash and cash equivalents:
Cash flows from operating activities:
Net income	$	44,193			39,812			37,534
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries		(20,970	)		(16,387	)		(13,833	)
Stock based compensation expense		325			378			405
Net change in other assets and accrued expenses		388			277			(158	)
Total adjustments		(20,257	)		(15,732	)		(13,586	)
Net cash provided by operating activities		23,936			24,080			23,948
Cash flows from investing activities:
Purchases of securities available for sale		(25	)		-			-
Net cash used in investing activities		(25	)		-			-
Cash flows from financing activities:
Proceeds from exercise of stock options and related tax benefits		131			36			-
Dividends paid		(24,839	)		(24,711	)		(24,574	)
Payments to acquire treasury stock		(282	)		-			-
Proceeds from sales of treasury stock		2,850			2,908			2,913

Net cash used in financing activities		(22,140	)		(21,767	)		(21,661	)

Net increase in cash and cash equivalents		1,771			2,313			2,287

Cash and cash equivalents at beginning of year		15,263			12,950			10,663

Cash and cash equivalents at end of year	$	17,034			15,263			12,950