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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest and dividend income:      
Interest and fees on loans $ 158,304 $ 148,133 $ 143,679
Interest and dividends on securities available for sale:      
U. S. government sponsored enterprises 3,112 2,281 1,489
State and political subdivisions 22 39 52
Mortgage-backed securities and collateralized mortgage obligations-residential 6,593 7,447 7,963
Corporate bonds 687 606 246
Small Business Administration-guaranteed participation securities 1,339 1,547 1,801
Mortgage-backed securities and collateralized mortgage obligations-commercial 37 109 133
Other 18 16 16
Total interest and dividends on securities available for sale 11,808 12,045 11,700
Interest on held to maturity securities:      
Mortgage-backed securities and collateralized mortgage obligations-residential 962 1,149 1,454
Corporate bonds 0 410 617
Total interest on held to maturity securities 962 1,559 2,071
Federal Reserve Bank and Federal Home Loan Bank stock 564 544 502
Interest on federal funds sold and other short-term investments 9,276 6,679 3,407
Total interest and dividend income 180,914 168,960 161,359
Interest expense:      
Interest on deposits 18,958 13,190 14,213
Interest on short-term borrowings 1,270 1,402 1,091
Total interest expense 20,228 14,592 15,304
Net interest income 160,686 154,368 146,055
Provision for loan losses 1,400 2,000 2,950
Net interest income after provision for loan losses 159,286 152,368 143,105
Noninterest income:      
Trustco Financial Services income 6,283 6,584 5,886
Fees for services to customers 10,912 10,798 10,857
Net gain on securities transactions 0 0 668
Other 886 991 1,601
Total noninterest income 18,081 18,373 19,012
Noninterest expense:      
Salaries and employee benefits 42,107 40,665 36,508
Net occupancy expense 17,213 16,543 16,078
Equipment expense 7,068 6,118 6,320
Professional services 6,555 6,895 8,200
Outsourced services 7,500 6,410 6,216
Advertising expense 3,020 2,578 2,515
FDIC and other insurance expense 2,741 4,179 5,967
Other real estate expense, net 1,231 1,171 2,558
Other 10,278 9,435 9,465
Total noninterest expense 97,713 93,994 93,827
Income before income taxes 79,654 76,747 68,290
Income taxes 18,209 33,602 25,689
Net income $ 61,445 $ 43,145 $ 42,601
Earnings per share:      
Basic (in dollars per share) $ 0.637 $ 0.449 $ 0.446
Diluted (in dollars per share) $ 0.636 $ 0.448 $ 0.445