TrustCo Bank


TrustCo Bank is an FDIC insured institution headquartered at 1 Sarnowski Dr, Glenville, NY 12302.
It was founded in 1925 and has approximately $6 billion in assets. Customers can open an account at one of its 147 branches.

Deposit Rates - June 24, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 31945
Date Established 1925
Assets $ 6.17 billion
Loans $ 4.96 billion
Deposits $ 5.35 billion
Capital $ 623.64 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 578.24 million
Interest-bearing balances $ 528.73 million
Total securities $ 458.70 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 4.96 billion
Loan loss allowance $ 48.58 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.19 million
Goodwill and other intangibles $ 0.55 million
All other assets $ 92.67 million
     Total Assets $ 5.54 billion

LIABILITIES
Total deposits $ 5.35 billion
      Interest-bearing deposits $ 4.60 billion
      Deposits held in domestic offices $ 5.35 billion
      % insured (estimated) 80.78%
Federal funds purchased and repurchase agreements $ 117.54 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 78.86 millionn
      Total Liabilities $ 5.54 billion
      Shareholders’ Equity $ 623.64 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 226.20 million
Total Interest Expense $ 54.57 million
Net interest income $ 171.63 million
Provision for loan and lease losses $ 1.25 million
Total non interest income $ 19.65 million
Total non interest expense $ 110.30 million
Pre-tax Net Operating Income $ 47.03 million

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TrustCo Bank Locations