Parent Company Only

12 Months Ended

Dec. 31, 2017

Parent Company Only [Abstract]

Parent Company Only

(18) Parent Company Only

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

Statements of Comprehensive Income
(dollars in thousands)				Years Ended December 31,
Income:	2017			2016			2015
Dividends and interest from subsidiaries	$	24,510			24,498			24,501
Net gain on securities transactions		-			-			-
Miscellaneous income		-			-			-
Total income		24,510			24,498			24,501
Expense:
Operating supplies		26			21			33
Professional services		122			461			577
Miscellaneous expense		2,573			1,258			664
Total expense		2,721			1,740			1,274
Income before income taxes and subsidiaries' undistributed earnings		21,789			22,758			23,227
Income tax benefit		(1,171	)		(578	)		(405	)
Income before subsidiaries' undistributed earnings		22,960			23,336			23,632
Equity in undistributed earnings of subsidiaries		20,185			19,265			18,606
Net income	$	43,145			42,601			42,238
Change in other comprehensive income (loss)		4,445			(1,470	)		(272	)
Comprehensive income	$	47,590			41,131			41,966

Statements of Condition
(dollars in thousands)	December 31,
Assets:	2017		2016
Cash in subsidiary bank	$	21,773		19,886
Investments in subsidiaries		443,692		419,075
Securities available for sale		35		35
Other assets		771		824
Total assets		466,271		439,820
Liabilities and shareholders' equity:
Accrued expenses and other liabilities		7,964		7,134
Total liabilities		7,964		7,134
Shareholders' equity		458,307		432,686
Total liabilities and shareholders' equity	$	466,271		439,820

Statements of Cash Flows
(dollars in thousands)	Years Ended December 31,
	2017			2016			2015
Increase/(decrease) in cash and cash equivalents:
Cash flows from operating activities:
Net income	$	43,145			42,601			42,238
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries		(20,185	)		(19,265	)		(18,606	)
Stock based compensation expense		150			224			204
Net change in other assets and accrued expenses		853			(196	)		(140	)
Total adjustments		(19,182	)		(19,237	)		(18,542	)
Net cash provided by operating activities		23,963			23,364			23,696
Cash flows from financing activities:
Proceeds from exercise of stock options		5,236			1,368			147
Dividends paid		(25,184	)		(25,055	)		(24,937	)
Payments to acquire treasury stock		(4,608	)		(701	)		(147	)
Proceeds from sales of treasury stock		2,480			2,447			2,670
Net cash used in financing activities		(22,076	)		(21,941	)		(22,267	)
Net increase in cash and cash equivalents		1,887			1,423			1,429
Cash and cash equivalents at beginning of year		19,886			18,463			17,034
Cash and cash equivalents at end of year	$	21,773			19,886			18,463