Trustco Bank Mortgage Rates, Fees & Info

Glenville, NY

LEI: 549300GCEP3NM7A1X491

Tax ID: 14-0578631

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Trustco Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Trustco Bank has a high proportion of conventional loans. Their top markets by origination volume include: Albany, Orlando, New York, North Port, and Poughkeepsie among others. We have data for 25 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Trustco Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Trustco Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 4.77% 12/16/24
    30 Year Conventional Purchase 6.39% 12/16/24
    30 Year Conventional Refi 6.21% 12/16/24
    30 Year Cash-out Refi 6.24% 12/16/24
    15 Year Conventional Purchase 5.97% 12/16/24
    15 Year Conventional Refi 5.94% 12/16/24
    15 Year Cash-out Refi 5.94% 12/16/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Trustco Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Trustco Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,920

    Origination Dollar Volume (All Markets)

    $353,110,000

    Employee count

    854 Show all (21) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 937 $167,145,000 $178,383 $2,269 4.01%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 283 $52,015,000 $183,799 $2,356 3.79%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 157 $40,395,000 $257,293 $2,926 3.76%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 97 $17,665,000 $182,113 $2,442 4.10%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 56 $12,350,000 $220,536 $2,684 4.07%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 68 $11,380,000 $167,353 $2,509 4.28%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 58 $10,400,000 $179,310 $2,583 4.16%
    GLENS FALLS, NY (FHA|USDA|VA) 72 $10,220,000 $141,944 $2,100 3.96%
    PUNTA GORDA, FL (FHA|USDA|VA) 32 $6,770,000 $211,563 $2,857 4.21%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 19 $4,305,000 $226,579 $2,853 4.14%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 20 $3,400,000 $170,000 $2,388 4.52%
    Hudson, NY (FHA|USDA|VA) 27 $3,285,000 $121,667 $1,883 4.01%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 9 $2,595,000 $288,333 $2,948 4.35%
    Outside of Metro Areas 24 $2,460,000 $102,500 $1,291 3.73%
    KINGSTON, NY (FHA|USDA|VA) 11 $1,785,000 $162,273 $2,130 4.11%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 10 $1,660,000 $166,000 $2,488 4.15%
    Gloversville, NY (FHA|USDA|VA) 4 $1,060,000 $265,000 $2,707 4.34%
    Amsterdam, NY (FHA|USDA|VA) 11 $985,000 $89,545 $1,823 3.89%
    PITTSFIELD, MA (FHA|USDA|VA) 6 $860,000 $143,333 $1,509 3.87%
    OCALA, FL (FHA|USDA|VA) 6 $630,000 $105,000 $1,276 3.93%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $590,000 $295,000 $1,414 3.49%
    THE VILLAGES, FL (FHA|USDA|VA) 4 $580,000 $145,000 $1,811 3.78%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $255,000 $255,000 $2,863 4.13%
    Bennington, VT (FHA|USDA|VA) 5 $215,000 $43,000 $739 4.83%
    Plattsburgh, NY (FHA|USDA|VA) 1 $105,000 $105,000 $4,432 4.75%
    Trustco Bank's top markets include Albany, Orlando, New York, North Port, and Poughkeepsie among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Vermont (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against TrustCo Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Adams Community Bank
    Similarity Rank: 36
    GREYLOCK
    Similarity Rank: 42
    The Bank of Greene County
    Similarity Rank: 54
    N C P D Federal Credit Union
    Similarity Rank: 55
    McCoy Federal Credit Union
    Similarity Rank: 60
    Bogota Savings Bank
    Similarity Rank: 63
    Union County Savings Bank
    Similarity Rank: 66
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 80
    Saratoga National Bank and Trust Company
    Similarity Rank: 80
    National Union Bank of Kinderhook
    Similarity Rank: 96

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,366 $301,100,000 $220,425 $2,362 4.51%
    HELOC 554 $52,010,000 $93,881 n/a 2.70%

    For 2018, Trustco Bank's most frequently originated type of loan was Conventional, with 1,366 originations. Their 2nd most popular type was HELOC, with 554 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 894 $218,620,000 $244,541 $3,095 4.44%
    Cash Out Refi 503 $81,145,000 $161,322 $1,292 3.51%
    Other 228 $18,750,000 $82,237 $354 3.50%
    Home Improvement 193 $13,355,000 $69,197 $143 3.55%
    Refi 102 $21,240,000 $208,235 $1,258 4.29%

    For 2018, Trustco Bank's most frequently cited loan purpose was Home Purchase, with 894 originations. The 2nd most popular reason was Cash Out Refi, with 503 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,410 $262,430,000 $186,121 $2,703 3.77%
    Other 163 $36,635,000 $224,755 $2,363 4.41%
    20 Year 152 $12,560,000 $82,632 $80 5.06%
    15 Year 83 $13,575,000 $163,554 $1,815 4.14%
    30+ year 79 $23,135,000 $292,848 $4,258 4.38%
    10 Year 27 $4,545,000 $168,333 $225 5.02%
    5 Year 6 $230,000 $38,333 $0 5.81%

    For 2018, Trustco Bank's most frequently cited loan duration was 30 Year, with 1,410 originations. The 2nd most popular length was Other, with 163 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 757 $182,485,000 $241,063
    $<1k 494 $80,980,000 $163,927
    $2k-3k 103 $33,435,000 $324,612
    $3k-4k 1 $335,000 $335,000

    Trustco Bank's average total fees were $2,703, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 757 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 935 $217,815,000 $232,957
    <2.5% 324 $30,760,000 $94,938
    3-4% 254 $62,200,000 $244,882
    2.5-3% 230 $21,250,000 $92,391
    5-6% 173 $20,735,000 $119,855
    6-7% 3 $325,000 $108,333
    7-8% 1 $25,000 $25,000

    During 2018, Trustco Bank's average interest rate for loans was 3.77%, while their most frequently originated rate bucket for loans was 4-5%, with 935 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 597 $30,415,000 $50,946 $851 3.61%
    $200k-400k 596 $163,140,000 $273,725 $2,875 4.25%
    $100k-200k 590 $87,410,000 $148,153 $2,068 4.02%
    $400k-600k 117 $55,155,000 $471,410 $3,851 4.33%
    $600k-1MM 16 $11,200,000 $700,000 $5,342 4.49%
    $1MM+ 4 $5,790,000 $1,447,500 $5,019 4.81%

    2018 saw Trustco Bank place emphasis on $100,000 or less loans with 597 originations, totaling $30,415,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 514 $105,280,000 $204,825 $2,546 4.04%
    $150k-250k 356 $85,140,000 $239,157 $2,698 3.92%
    $50k-75k 354 $43,810,000 $123,757 $1,952 4.00%
    $75k-100k 337 $58,215,000 $172,745 $2,434 4.01%
    $50k or less 226 $19,900,000 $88,053 $1,685 3.93%
    $250k+ 105 $34,095,000 $324,714 $3,189 3.78%

    Trustco Bank lent most frequently to those with incomes in the $100k-150k range, with 514 originations. The second most popular income band? $150k-250k, with 356 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 608 $107,710,000 $177,155 $2,386 4.02%
    30-36% 418 $81,250,000 $194,378 $2,434 4.06%
    <20% 219 $34,785,000 $158,836 $2,181 3.77%
    39% 92 $18,610,000 $202,283 $2,065 4.02%
    41% 92 $19,350,000 $210,326 $2,481 4.11%
    42% 90 $14,470,000 $160,778 $2,258 3.89%
    38% 89 $16,085,000 $180,730 $2,286 4.01%
    40% 85 $14,195,000 $167,000 $2,177 3.96%
    36% 79 $16,805,000 $212,722 $2,533 4.14%
    37% 69 $14,425,000 $209,058 $2,437 4.03%
    50-60% 28 $4,760,000 $170,000 $2,354 3.30%
    >60% 12 $1,720,000 $143,333 $2,573 3.07%
    48% 7 $1,565,000 $223,571 $3,191 3.53%
    47% 5 $1,345,000 $269,000 $2,962 3.77%
    44% 5 $535,000 $107,000 $2,647 3.82%
    45% 4 $580,000 $145,000 $3,498 4.06%
    43% 4 $480,000 $120,000 $2,905 3.50%
    46% 3 $575,000 $191,667 $1,414 3.24%

    Trustco Bank lent most frequently to those with DTI ratios of 20-30%, with 608 originations. The next most common DTI ratio? 30-36%, with 418 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,649 $296,575,000 $179,851 $2,311 4.00%
    Asian 159 $36,195,000 $227,642 $2,868 4.05%
    Black 48 $9,910,000 $206,458 $2,404 4.11%
    Not provided 45 $4,655,000 $103,444 $1,675 2.98%
    Not applicable 7 $3,465,000 $495,000 $0 5.29%
    Native Hawaiian or Islander 7 $1,295,000 $185,000 $2,886 4.50%
    American Indian 5 $1,015,000 $203,000 $2,386 3.67%

    Approval Rates

    Total approvals of all applications
    78.07%

    Trustco Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    79.48%

    Trustco Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,920 $353,110,000 $183,911

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $3,145,000 $629,000
    Single Family (1-4 Units):Site-Built 1,915 $349,965,000 $182,749

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 253 $24,625,000 $97,332 $1,313 3.36%
    40-60% 213 $37,195,000 $174,624 $2,206 3.74%
    60-80% 341 $77,105,000 $226,114 $2,415 4.12%
    80-100% 767 $198,295,000 $258,533 $2,798 4.44%
    Under 20% 346 $15,890,000 $45,925 $52 3.48%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    TRUSTMARK CORPORATION Conventional home mortgage Struggling to pay mortgage 1 14.3%
    TRUSTMARK CORPORATION Conventional home mortgage Trouble during payment process 2 28.6%
    TRUSTMARK CORPORATION FHA mortgage Trouble during payment process 1 14.3%
    TRUSTMARK CORPORATION Other type of mortgage Struggling to pay mortgage 1 14.3%
    TRUSTMARK CORPORATION Other type of mortgage Trouble during payment process 2 28.6%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    TrustCo Bank 1 Dan Fox Dr Pittsfield, MA 1201 Full Service B&M $5,146
    TrustCo Bank 1 Johnson Road Latham, NY 12110 Full Service B&M $36,624
    TrustCo Bank 1 Sarnowski Drive Glenville, NY 12302 Full Service B&M $31,954
    TrustCo Bank 100 Clearbrook Road Elmsford, NY 10523 Full Service B&M $25,262
    TrustCo Bank 10105 Route 441 Leesburg, FL 34788 Full Service B&M $20,769
    TrustCo Bank 1018 Route 146 Clifton Park, NY 12065 Full Service B&M $75,479
    TrustCo Bank 10249 South John Young Parkway, Suite 101 Orlando, FL 32837 Full Service B&M $8,806
    TrustCo Bank 104 Merchant Pl Cobleskill, NY 12043 Full Service B&M $24,430
    TrustCo Bank 1048 State Street Schenectady, NY 12307 Full Service B&M $30,456
    TrustCo Bank 1084 Lee Road Suite 11 Orlando, FL 32810 Full Service B&M $4,793
    TrustCo Bank 1084 Madison Avenue Albany, NY 12208 Full Service B&M $45,115
    TrustCo Bank 112 State Street Albany, NY 12207 Full Service B&M $56,169
    TrustCo Bank 1134 N. Rock Springs Road Apopka, FL 32712 Full Service B&M $12,754
    TrustCo Bank 115 N. Nova Road Ormond Beach, FL 32174 Full Service B&M $11,820
    TrustCo Bank 1156 Troy-Schenectady Road Latham, NY 12110 Full Service B&M $45,447
    TrustCo Bank 118 Quaker Road, Suite 9 Queensbury, NY 12804 Full Service B&M $46,617
    TrustCo Bank 1185 Rhinehart Rd Sanford, FL 32771 Full Service B&M $10,663
    TrustCo Bank 1211 N. Orange Ave Winter Park, FL 32789 Full Service B&M $1,113
    TrustCo Bank 1220 Ulster Avenue Kingston, NY 12401 Full Service B&M $4,117
    TrustCo Bank 123 Mohawk Avenue Scotia, NY 12302 Full Service B&M $17,811
    TrustCo Bank 12305 Us Rt 27 Clermont, FL 34711 Full Service B&M $23,223
    TrustCo Bank 12901 E Colonial Dr Orlando, FL 32826 Full Service B&M $15,880
    TrustCo Bank 1295 Tuskawilla Rd Ste 10 Winter Springs, FL 32708 Full Service B&M $18,957
    TrustCo Bank 1300 S Tamiami Trial Osprey, FL 34229 Full Service B&M $24,226
    TrustCo Bank 131 Main Street Greenwich, NY 12834 Full Service B&M $51,911
    TrustCo Bank 132 Fifth Ave Pelham, NY 10803 Full Service B&M $8,818
    TrustCo Bank 133 Saratoga Road South Glens Falls, NY 12803 Full Service B&M $16,082
    TrustCo Bank 1330 Citizens Blvd Suite 101 Leesburg, FL 34748 Full Service B&M $25,623
    TrustCo Bank 134-136 Main Street Wynantskill, NY 12198 Full Service B&M $31,475
    TrustCo Bank 1350 Gerling Street Schenectady, NY 12308 Full Service B&M $76,024
    TrustCo Bank 1400 Altamont Avenue Schenectady, NY 12303 Full Service B&M $69,407
    TrustCo Bank 14051 Us Highway 1 Juno Beach, FL 33408 Full Service B&M $16,112
    TrustCo Bank 141 W. Campbell Road Rotterdam, NY 12306 Full Service B&M $43,606
    TrustCo Bank 1410 Curry Road Rotterdam, NY 12303 Full Service B&M $63,488
    TrustCo Bank 1475 Balltown Road Niskayuna, NY 12309 Full Service B&M $14,834
    TrustCo Bank 1490 Route 9 Wappingers Falls, NY 12590 Full Service B&M $12,857
    TrustCo Bank 1500 Alafaya Trail Oviedo, FL 32765 Full Service B&M $7,449
    TrustCo Bank 1525 E Osceola Pkwy Kissimmee, FL 34744 Full Service B&M $7,805
    TrustCo Bank 1541 Crescent Road Clifton Park, NY 12065 Full Service B&M $35,347
    TrustCo Bank 1545 Route 52 Fishkill, NY 12524 Full Service B&M $21,637
    TrustCo Bank 1569 New Scotland Ave Slingerlands, NY 12159 Full Service B&M $18,330
    TrustCo Bank 1581 Route 202 Pomona, NY 10970 Full Service B&M $24,158
    TrustCo Bank 16118 Marsh Rd Winter Garden, FL 34787 Full Service B&M $6,676
    TrustCo Bank 1620 Union Street Schenectady, NY 12309 Full Service B&M $158,988
    TrustCo Bank 167 Delaware Avenue Delmar, NY 12054 Full Service B&M $117,106
    TrustCo Bank 16908 High Grove Blvd Clermont, FL 34714 Full Service B&M $10,119
    TrustCo Bank 18 Woods Bridge Road Katonah, NY 10536 Full Service B&M $29,307
    TrustCo Bank 180-190 E Boston Post Rd Mamaroneck, NY 10543 Full Service B&M $12,575
    TrustCo Bank 1818 Central Avenue Albany, NY 12205 Full Service B&M $55,278
    TrustCo Bank 1875 W County Rd 419 Suite 600 Oviedo, FL 32766 Full Service B&M $15,185
    TrustCo Bank 1900 Altamont Avenue Schenectady, NY 12303 Full Service B&M $48,853
    TrustCo Bank 193 Hudson Ave Chatham, NY 12037 Full Service B&M $9,591
    TrustCo Bank 2 Main Street Schaghticoke, NY 12154 Full Service B&M $14,507
    TrustCo Bank 2 Trieble Ave Ballston Spa, NY 12020 Full Service B&M $25,791
    TrustCo Bank 20 Squadron Blvd New City, NY 10956 Full Service B&M $34,999
    TrustCo Bank 20 Welcher Ave Peekskill, NY 10566 Full Service B&M $21,863
    TrustCo Bank 201 Troy-Schenectady Road, Route 2 Latham, NY 12110 Full Service B&M $24,784
    TrustCo Bank 205 Apollo Beach Blvd Apollo Beach, FL 33572 Full Service B&M $5,124
    TrustCo Bank 2050 Western Ave Ste 116 Guilderland, NY 12084 Full Service B&M $59,991
    TrustCo Bank 2057 South Tamiami Trail Venice, FL 34293 Full Service B&M $37,617
    TrustCo Bank 215 Guideboard Road Clifton Park, NY 12065 Full Service B&M $43,211
    TrustCo Bank 215 North Street Bennington, VT 5201 Full Service B&M $9,624
    TrustCo Bank 2160 Rt 9l Lake George, NY 12845 Full Service B&M $10,476
    TrustCo Bank 220 Livingston St, Suite 102 Northvale, NJ 7647 Full Service B&M $10,201
    TrustCo Bank 220e Hartsdale Ave Hartsdale, NY 10530 Full Service B&M $15,602
    TrustCo Bank 222 East Main Street Mount Kisco, NY 10549 Full Service B&M $7,491
    TrustCo Bank 235 Church Avenue Ballston Spa, NY 12020 Full Service B&M $18,064
    TrustCo Bank 238 West Bridge Street Catskill, NY 12414 Full Service B&M $59,202
    TrustCo Bank 2471 Route 9 And Dunning Street Malta, NY 12020 Full Service B&M $34,012
    TrustCo Bank 2481 Croton Road Melbourne, FL 32935 Full Service B&M $17,441
    TrustCo Bank 2619 S. Hiawassee Road Orlando, FL 32835 Full Service B&M $1,538
    TrustCo Bank 2656 S Rd (Rt 9) Poughkeepsie, NY 12601 Full Service B&M $15,403
    TrustCo Bank 2704 Bee Ridge Rd Sarasota, FL 34239 Full Service B&M $40,620
    TrustCo Bank 2838 West Curry Ford Road Orlando, FL 32828 Full Service B&M $13,043
    TrustCo Bank 286 Saratoga Road Glenville, NY 12302 Full Service B&M $178,032
    TrustCo Bank 2899 Maguire Rd Windermere, FL 34786 Full Service B&M $16,673
    TrustCo Bank 2929 Route 9 Valatie, NY 12184 Full Service B&M $15,395
    TrustCo Bank 2930 S Mccall Rd Englewood, FL 34224 Full Service B&M $21,928
    TrustCo Bank 3 Warren Street Glens Falls, NY 12801 Full Service B&M $11,316
    TrustCo Bank 301 New Scotland Avenue Albany, NY 12208 Full Service B&M $65,278
    TrustCo Bank 3020 Lamberton Blvd Orlando, FL 32825 Full Service B&M $16,777
    TrustCo Bank 3065 Route 50 Saratoga Springs, NY 12866 Full Service B&M $29,204
    TrustCo Bank 308 Ushers Road Ballston Lake, NY 12019 Full Service B&M $37,891
    TrustCo Bank 320 State Street Schenectady, NY 12305 Full Service B&M $102,994
    TrustCo Bank 326 Stockbridge Rd Great Barrington, MA 1230 Full Service B&M $7,788
    TrustCo Bank 327 Rt 59e Airmont, NY 10952 Full Service B&M $29,515
    TrustCo Bank 33-35 Center Street New City, NY 10956 Full Service B&M $20,908
    TrustCo Bank 3307 South Orange Blossom Trail Kissimmee, FL 34746 Full Service B&M $23,374
    TrustCo Bank 34 Congress St Saratoga Springs, NY 12866 Full Service B&M $19,015
    TrustCo Bank 34 Wolf Road Colonie, NY 12205 Full Service B&M $99,989
    TrustCo Bank 345 Main Street Catskill, NY 12414 Full Service B&M $20,812
    TrustCo Bank 3461 State Street Schenectady, NY 12304 Full Service B&M $74,177
    TrustCo Bank 350 West Lake Mary Blvd Sanford, FL 32773 Full Service B&M $10,901
    TrustCo Bank 3580 Rt 9 W Highland, NY 12528 Full Service B&M $5,378
    TrustCo Bank 3662 Avalon Park Boulevard East Orlando, FL 32828 Full Service B&M $11,785
    TrustCo Bank 3707 New York Route 43 West Sand Lake, NY 12196 Full Service B&M $35,024
    TrustCo Bank 372 Northern Boulevard Albany, NY 12204 Full Service B&M $40,718
    TrustCo Bank 3750 Burgoyne Avenue Hudson Falls, NY 12839 Full Service B&M $21,245
    TrustCo Bank 3751 Clyde Morris Blvd Port Orange, FL 32129 Full Service B&M $27,668
    TrustCo Bank 380 Route 9w Glenmont, NY 12077 Full Service B&M $10,913
    TrustCo Bank 385 N Franklin Turnpike Ramsey, NJ 7446 Full Service B&M $9,237
    TrustCo Bank 388 Route 59 Nyack, NY 10960 Full Service B&M $1
    TrustCo Bank 3900 Carman Road Schenectady, NY 12303 Full Service B&M $80,035
    TrustCo Bank 3920 Dean Rd Orlando, FL 32803 Full Service B&M $11,915
    TrustCo Bank 40 Central Avenue Albany, NY 12206 Full Service B&M $15,341
    TrustCo Bank 400 E Pine St Orlando, FL 32801 Full Service B&M $13,968
    TrustCo Bank 4066 Route 9l Lake George, NY 12845 Full Service B&M $4,531
    TrustCo Bank 4070 Aloma Ave, Suite 1000 Winter Park, FL 32792 Full Service B&M $16,606
    TrustCo Bank 4125 20th Street Vero Beach, FL 32960 Full Service B&M $84
    TrustCo Bank 415 Whitehall Rd Albany, NY 12208 Full Service B&M $35,911
    TrustCo Bank 42755 Rt27 Davenport, FL 33837 Full Service B&M $11,760
    TrustCo Bank 43 Round Lake Road Ballston Lake, NY 12019 Full Service B&M $29,177
    TrustCo Bank 43park St Lee, MA 1238 Full Service B&M $7,043
    TrustCo Bank 4441 Sun City Center Blvd Sun City Center, FL 33573 Full Service B&M $43,825
    TrustCo Bank 4450 E Colonial Dr Orlando, FL 32803 Full Service B&M $18,951
    TrustCo Bank 47 Main Street Hoosick Falls, NY 12090 Full Service B&M $55,487
    TrustCo Bank 4931 Route 30 Amsterdam, NY 12010 Full Service B&M $11,404
    TrustCo Bank 4942 W Sr46 Sanford, FL 32771 Full Service B&M $9,695
    TrustCo Bank 5 Cheshire Rd, Suite 18 Pittsfield, MA 1201 Full Service B&M $13,627
    TrustCo Bank 5-7 Park Place Bronxville, NY 10708 Full Service B&M $30,461
    TrustCo Bank 501 Columbia Turnpike Rensselaer, NY 12144 Full Service B&M $67,991
    TrustCo Bank 507 Warren Street Hudson, NY 12534 Full Service B&M $34,370
    TrustCo Bank 5858 Cortez Rd W Bradenton, FL 34201 Full Service B&M $11,573
    TrustCo Bank 5950 Beneva Road Sarasota, FL 34238 Full Service B&M $7,349
    TrustCo Bank 602 New Loudon Road Latham, NY 12110 Full Service B&M $51,884
    TrustCo Bank 6084 Apopka Vineland Road Orlando, FL 32819 Full Service B&M $4,475
    TrustCo Bank 64 Rt 100 Briarcliff Manor, NY 10510 Full Service B&M $38,618
    TrustCo Bank 649 Rt 9 Intersection Of Northern Pines Rd And Maple Ave Gansevoort, NY 12831 Full Service B&M $17,063
    TrustCo Bank 671 North Hunt Club Rd Longwood, FL 32779 Full Service B&M $17,264
    TrustCo Bank 7 Clifton Country Road Clifton Park, NY 12065 Full Service B&M $81,264
    TrustCo Bank 7391 S Broadway (Rt 9) Red Hook, NY 12571 Full Service B&M $12,193
    TrustCo Bank 740 Hoosick Road Troy, NY 12180 Full Service B&M $10,346
    TrustCo Bank 7460 Cypress Gardens Boulevard Winter Haven, FL 33884 Full Service B&M $10,773
    TrustCo Bank 7803 E Colonial Driv Suite 107 Orlando, FL 32807 Full Service B&M $4,464
    TrustCo Bank 791 Rt 17m Monroe, NY 10950 Full Service B&M $21,861
    TrustCo Bank 8288 Lee Vista Blvd Orlando, FL 32829 Full Service B&M $7,036
    TrustCo Bank 851 E Sr 434 Winter Springs, FL 32708 Full Service B&M $13,340
    TrustCo Bank 873 N Highway 27/441 Lady Lake, FL 32159 Full Service B&M $60,532
    TrustCo Bank 9 Price Chopper Plaza Mechanicville, NY 12118 Full Service B&M $41,210
    TrustCo Bank 902 Saxon Blvd Orange City, FL 32763 Full Service B&M $29,072
    TrustCo Bank 909 West State Rd 434 Altamonte Springs, FL 32714 Full Service B&M $19,856
    TrustCo Bank 9360 Narcoossee Road Orlando, FL 32827 Full Service B&M $5,440
    TrustCo Bank 9400 Us Rt 17/92 Ste F Maitland, FL 32751 Full Service B&M $12,346
    TrustCo Bank 945 South Lake Blvd Mahopac, NY 10541 Full Service B&M $1,447
    TrustCo Bank 951 Se Federal Hwy Stuart, FL 34994 Full Service B&M $6,026
    TrustCo Bank 959 Crane Street Schenectady, NY 12303 Full Service B&M $20,891
    TrustCo Bank State Street And Fifth Avenue Troy, NY 12180 Full Service B&M $33,626
    TrustCo Bank Western Avenue At Fuller Road Albany, NY 12203 Full Service B&M $112,341

    For 2018, Trustco Bank had 148 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $180,912
    Net interest income $160,567
    Total noninterest income $24,209
    Gross Fiduciary activities income $6,247
    Service charges on deposit accounts $5,745
    Trading account gains and fees $0
    Additional Noninterest Income $12,217
    Pre-tax net operating income $81,848
    Securities gains (or losses, -) $0
    Income before extraordinary items $63,117
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $63,117
    Minority interest net income $0
    Net income $63,117
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $63,117

    Trustco Bank's gross interest income from loans was $180,912,000.
    Trustco Bank's net interest income from loans was $160,567,000.
    Trustco Bank's fee based income from loans was $5,745,000.
    Trustco Bank's net income from loans was $63,117,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $20,345
    Provision for credit losses $1,400
    Total noninterest expense $101,528
    Salaries and employee benefits $40,832
    Premises and equipment expense $22,167
    Additional noninterest expense $38,529
    Applicable income taxes $18,731
    Net charge-offs $804
    Cash dividends $24,813

    Trustco Bank's interest expense for loans was $20,345,000.
    Trustco Bank's payroll and benefits expense were $40,832,000.
    Trustco Bank's property, plant and equipment expenses $22,167,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 1.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.4%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $4,274,260
    Deposits held in domestic offices $4,274,260
    Deposits by Individuals, partnerships, and corporations $4,270,488
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $3,704
    Deposits by Commercial banks and other depository institutions in U.S. $68
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $464,703
    Demand deposits $404,394
    Nontransaction accounts $3,809,557
    Money market deposit accounts (MMDAs) $1,352,608
    Other savings deposits (excluding MMDAs) $1,182,683
    Total time deposits $1,274,267
    Total time and savings deposits $3,869,866
    Noninterest-bearing deposits $404,394
    Interest-bearing deposits $3,869,866
    Retail deposits $4,097,794
    IRAs and Keogh plan accounts $175,377
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $4,959,305
    Cash & Balances due from depository institutions $503,852
    Interest-bearing balances $454,449
    Total securities $523,929
    Federal funds sold & reverse repurchase $0
    Net loans and leases $3,829,330
    Loan and leases loss allowance $44,766
    Trading account assets $0
    Bank premises and fixed assets $34,694
    Other real estate owned $1,676
    Goodwill and other intangibles $553
    All other assets $65,271

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $4,959,306
    Total Liabilities $4,484,481
    Total deposits $4,274,260
    Interest-bearing deposits $3,869,866
    Deposits held in domestic offices $4,274,260
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $184,558
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $25,663

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $3,829,330
    Loan and leases loss allowance $44,766
    Total loans and leases (domestic) $3,874,096
    All real estate loans $3,837,801
    Real estate loans in domestic offices $3,837,801
    Construction and development loans $31,317
    Residential 1-4 family construction $27,293
    Other construction, all land development and other land $4,024
    Loans secured by nonfarm nonresidential properties $101,258
    Nonfarm nonresidential secured by owner-occupied properties $49,717
    Commercial real estate & other non-farm, non-residential $51,541
    Multifamily residential real estate $32,725
    1-4 family residential loans $3,672,501
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $24,685
    To non-U.S. addressees $0
    Loans to individuals $11,611
    Credit card loans $4,372
    Related Plans $1,238
    Consumer Auto Loans $3,812
    Other loans to individuals $2,189
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $11,064
    Non 1-4 family restructured loans & leases $778
    Total loans and leases (foreign) $0

    TrustCo Bank had $3,829,330,000 of loans outstanding in 2018. $3,837,801,000 of loans were in real estate loans. $31,317,000 of loans were in development loans. $32,725,000 of loans were in multifamily mortgage loans. $3,672,501,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $4,372,000 of loans were in credit card loans. $3,812,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 162 $39,277 $242,451
    Nonfarm, nonresidential loans - <$100k 30 $1,029 $34,300
    Nonfarm, nonresidential loans - $100-250k 57 $7,454 $130,772
    Nonfarm, nonresidential loans - $250k-1MM 75 $30,794 $410,587
    Commercial & Industrial, US addressed loans - <$1MM 224 $19,641 $87,683
    Commercial & Industrial, US addressed loans - <$100k 128 $2,952 $23,063
    Commercial & Industrial, US addressed loans - $100-250k 57 $5,353 $93,912
    Commercial & Industrial, US addressed loans - $250k-1MM 39 $11,336 $290,667