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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest and dividend income:    
Interest and fees on loans $ 36,044 $ 35,605
Interest and dividends on securities available for sale:    
U. S. government sponsored enterprises 595 255
State and political subdivisions 12 14
Mortgage-backed securities and collateralized mortgage obligations-residential 1,958 2,116
Corporate bonds 151 0
Small Business Administration-guaranteed participation securities 415 476
Mortgage-backed securities and collateralized mortgage obligations-commercial 23 36
Other securities 4 4
Total interest and dividends on securities available for sale 3,158 2,901
Interest on held to maturity securities:    
Mortgage-backed securities and collateralized mortgage obligations-residential 316 402
Corporate bonds 154 154
Total interest on held to maturity securities 470 556
Federal Reserve Bank and Federal Home Loan Bank stock 134 120
Interest on federal funds sold and other short-term investments 1,246 844
Total interest income 41,052 40,026
Interest on deposits:    
Interest-bearing checking 124 114
Savings 430 604
Money market deposit accounts 466 496
Time deposits 2,283 2,373
Interest on short-term borrowings 349 257
Total interest expense 3,652 3,844
Net interest income 37,400 36,182
Provision for loan losses 600 800
Net interest income after provision for loan losses 36,800 35,382
Noninterest income:    
Trustco financial services income 1,858 1,605
Fees for services to customers 2,637 2,661
Other 232 306
Total noninterest income 4,727 4,572
Noninterest expenses:    
Salaries and employee benefits 10,210 9,003
Net occupancy expense 4,109 4,088
Equipment expense 1,556 1,514
Professional services 1,928 2,146
Outsourced services 1,500 1,551
Advertising expense 713 729
FDIC and other insurance 1,047 1,990
Other real estate expense, net 499 519
Other 2,457 1,899
Total noninterest expenses 24,019 23,439
Income before taxes 17,508 16,515
Income taxes 6,561 6,106
Net income $ 10,947 $ 10,409
Net income per share:    
Basic (in dollars per share) $ 0.114 $ 0.109
Diluted (in dollars per share) $ 0.114 $ 0.109