Borrowings

12 Months Ended

Dec. 31, 2025

Borrowings [Abstract]

Borrowings

(7) Borrowings

Short-term borrowings (repurchase agreements) of the Company were cash management accounts as follows:

(dollars in thousands)	2025			2024			2023
Amount outstanding at December 31,	$	120,054		$	84,781		$	88,990
Maximum amount outstanding at any month end		120,054			102,954			134,293
Average amount outstanding		89,816			89,707			114,639
Weighted average interest rate:
For the year		0.99	%		0.88	%		0.88	%
As of year end		1.40			0.88			0.86

Cash management accounts represent retail accounts with customers for which the Bank has pledged certain assets as collateral.

As of December 31, 2025 the Company also has borrowing capacity of $967.4 million available with the Federal Home Loan Bank of New York.  The borrowings capacity is secured by the loans pledged by the Company.  As of December 31, 2025 and 2024, the Company had no outstanding borrowings with the Federal Home Loan Bank of New York.

Trustco Bank is approved to borrow on short-term basis from the Federal Reserve Bank of New York.  The Bank can pledge certain securities to the Federal Reserve Bank to support this arrangement.  As of December 31, 2025 and 2024, the bank had no outstanding borrowings and loans with the Federal Reserve Bank of New York.