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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest and dividend income:    
Interest and fees on loans $ 41,253 $ 38,091
Interest and dividends on securities available for sale:    
U. S. government sponsored enterprises 783 750
State and political subdivisions 1 7
Mortgage-backed securities and collateralized mortgage obligations-residential 1,555 1,763
Corporate bonds 208 133
Small Business Administration-guaranteed participation securities 297 352
Mortgage-backed securities and collateralized mortgage obligations-commercial 0 42
Other securities 5 5
Total interest and dividends on securities available for sale 2,849 3,052
Interest on held to maturity securities:    
Mortgage-backed securities and collateralized mortgage obligations-residential 217 260
Total interest on held to maturity securities 217 260
Federal Reserve Bank and Federal Home Loan Bank stock 85 77
Interest on federal funds sold and other short-term investments 3,009 2,017
Total interest income 47,413 43,497
Interest on deposits:    
Interest-bearing checking 121 106
Savings accounts 377 419
Money market deposit accounts 826 439
Time deposits 5,976 2,860
Interest on short-term borrowings 381 358
Total interest expense 7,681 4,182
Net interest income 39,732 39,315
Provision for loan losses 300 300
Net interest income after provision for loan losses 39,432 39,015
Noninterest income:    
Trustco financial services income 1,733 1,815
Fees for services to customers 2,520 2,645
Other 384 219
Total noninterest income 4,637 4,679
Noninterest expenses:    
Salaries and employee benefits 11,451 10,422
Net occupancy expense 4,167 4,315
Equipment expense 1,902 1,751
Professional services 1,650 1,430
Outsourced services 1,925 1,925
Advertising expense 785 630
FDIC and other insurance 648 1,023
Other real estate (income) expense, net (24) 372
Other 2,363 2,287
Total noninterest expenses 24,867 24,155
Income before taxes 19,202 19,539
Income taxes 4,644 4,731
Net income $ 14,558 $ 14,808
Net income per share:    
Basic (in dollars per share) $ 0.150 $ 0.154
Diluted (in dollars per share) $ 0.150 $ 0.153