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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest and dividend income:      
Interest and fees on loans $ 148,133 $ 143,679 $ 141,887
Interest and dividends on securities available for sale:      
U. S. government sponsored enterprises 2,281 1,489 1,418
State and political subdivisions 39 52 87
Mortgage-backed securities and collateralized mortgage obligations-residential 7,447 7,963 9,132
Corporate bonds 606 246 1
Small Business Administration-guaranteed participation securities 1,547 1,801 2,004
Mortgage-backed securities and collateralized mortgage obligations-commercial 109 133 149
Other 16 16 16
Total interest and dividends on securities available for sale 12,045 11,700 12,807
Interest on held to maturity securities:      
Mortgage-backed securities and collateralized mortgage obligations-residential 1,149 1,454 1,844
Corporate bonds 410 617 615
Total interest on held to maturity securities 1,559 2,071 2,459
Federal Reserve Bank and Federal Home Loan Bank stock 544 502 467
Interest on federal funds sold and other short-term investments 6,679 3,407 1,725
Total interest and dividend income 168,960 161,359 159,345
Interest expense:      
Interest on deposits 13,190 14,213 14,983
Interest on short-term borrowings 1,402 1,091 1,214
Total interest expense 14,592 15,304 16,197
Net interest income 154,368 146,055 143,148
Provision for loan losses 2,000 2,950 3,700
Net interest income after provision for loan losses 152,368 143,105 139,448
Noninterest income:      
Trustco Financial Services income 6,584 5,886 5,971
Fees for services to customers 10,798 10,857 10,689
Net gain on securities transactions 0 668 251
Other 991 1,601 961
Total noninterest income 18,373 19,012 17,872
Noninterest expense:      
Salaries and employee benefits 40,665 36,508 32,521
Net occupancy expense 16,543 16,078 15,799
Equipment expense 6,118 6,320 6,871
Professional services 6,895 8,200 7,878
Outsourced services 6,410 6,216 5,860
Advertising expense 2,578 2,515 2,593
FDIC and other insurance expense 4,179 5,967 6,339
Other real estate expense, net 1,171 2,558 2,001
Other 9,435 9,465 10,698
Total noninterest expense 93,994 93,827 90,560
Income before income taxes 76,747 68,290 66,760
Income taxes 33,602 25,689 24,522
Net income $ 43,145 $ 42,601 $ 42,238
Earnings per share:      
Basic (in dollars per share) $ 0.449 $ 0.446 $ 0.444
Diluted (in dollars per share) $ 0.448 $ 0.445 $ 0.444