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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest and dividend income:    
Interest and fees on loans $ 35,605 $ 34,983
Interest and dividends on securities available for sale:    
U. S. government sponsored enterprises 255 212
State and political subdivisions 14 25
Mortgage-backed securities and collateralized mortgage obligations-residential 2,116 2,393
Corporate bonds 0 1
Small Business Administration-guaranteed participation securities 476 522
Mortgage-backed securities and collateralized mortgage obligations-commercial 36 37
Other securities 4 4
Total interest and dividends on securities available for sale 2,901 3,194
Interest on held to maturity securities:    
Mortgage-backed securities and collateralized mortgage obligations-residential 402 478
Corporate bonds 154 154
Total interest on held to maturity securities 556 632
Federal Reserve Bank and Federal Home Loan Bank stock 120 116
Interest on federal funds sold and other short-term investments 844 400
Total interest income 40,026 39,325
Interest on deposits:    
Interest-bearing checking 114 105
Savings 604 658
Money market deposit accounts 496 617
Time deposits 2,373 2,434
Interest on short-term borrowings 257 346
Total interest expense 3,844 4,160
Net interest income 36,182 35,165
Provision for loan losses 800 800
Net interest income after provision for loan losses 35,382 34,365
Noninterest income:    
Trustco financial services income 1,605 1,653
Fees for services to customers 2,661 2,524
Net gain on securities transactions 0 249
Other 306 197
Total noninterest income 4,572 4,623
Noninterest expenses:    
Salaries and employee benefits 9,003 8,481
Net occupancy expense 4,088 4,108
Equipment expense 1,514 1,942
Professional services 2,146 1,507
Outsourced services 1,551 1,425
Advertising expense 729 600
FDIC and other insurance 1,990 1,065
Other real estate expense, net 519 424
Other 1,899 2,305
Total noninterest expenses 23,439 21,857
Income before taxes 16,515 17,131
Income taxes 6,106 6,416
Net income $ 10,409 $ 10,715
Net income per share:    
Basic (in dollars per share) $ 0.109 $ 0.113
Diluted (in dollars per share) $ 0.109 $ 0.113