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

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  • SimulatedRates™
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    • 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 26 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% 4/18/24
    30 Year Conventional Purchase 6.39% 4/18/24
    30 Year Conventional Refi 6.21% 4/18/24
    30 Year Cash-out Refi 6.24% 4/18/24
    15 Year Conventional Purchase 5.97% 4/18/24
    15 Year Conventional Refi 5.94% 4/18/24
    15 Year Cash-out Refi 5.94% 4/18/24
    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

    3,878

    Origination Dollar Volume (All Markets)

    $747,830,000

    Employee count

    814 Show all (32) 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) 1,726 $313,460,000 $181,611 $2,066 3.75%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 686 $143,610,000 $209,344 $2,242 3.69%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 287 $79,065,000 $275,488 $2,890 3.58%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 222 $40,650,000 $183,108 $2,288 3.87%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 119 $28,545,000 $239,874 $2,550 3.80%
    GLENS FALLS, NY (FHA|USDA|VA) 142 $21,780,000 $153,380 $2,052 3.73%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 125 $20,195,000 $161,560 $2,102 3.88%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 101 $17,145,000 $169,752 $1,897 3.81%
    PUNTA GORDA, FL (FHA|USDA|VA) 56 $12,690,000 $226,607 $3,248 4.10%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 55 $10,615,000 $193,000 $1,875 3.90%
    Hudson, NY (FHA|USDA|VA) 68 $10,140,000 $149,118 $2,011 3.76%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 44 $9,720,000 $220,909 $1,708 3.85%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 30 $6,450,000 $215,000 $2,174 4.12%
    Outside of Metro Areas 43 $6,205,000 $144,302 $1,888 3.96%
    PITTSFIELD, MA (FHA|USDA|VA) 38 $6,020,000 $158,421 $1,711 3.71%
    KINGSTON, NY (FHA|USDA|VA) 25 $4,475,000 $179,000 $1,954 3.91%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 27 $4,395,000 $162,778 $1,557 3.71%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 17 $4,035,000 $237,353 $2,227 3.87%
    Amsterdam, NY (FHA|USDA|VA) 23 $2,195,000 $95,435 $1,748 3.78%
    THE VILLAGES, FL (FHA|USDA|VA) 8 $1,920,000 $240,000 $2,974 3.57%
    Bennington, VT (FHA|USDA|VA) 12 $1,810,000 $150,833 $1,481 3.69%
    Gloversville, NY (FHA|USDA|VA) 16 $1,790,000 $111,875 $1,781 4.40%
    OCALA, FL (FHA|USDA|VA) 5 $495,000 $99,000 $1,986 3.95%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 2.99%
    Plattsburgh, NY (FHA|USDA|VA) 1 $145,000 $145,000 $0 5.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $125,000 $125,000 $2,228 5.50%
    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.

    Bank of Richmondville
    Similarity Rank: 54
    N C P D Federal Credit Union
    Similarity Rank: 56
    Adams Community Bank
    Similarity Rank: 70
    MountainOne Bank
    Similarity Rank: 99
    Schuyler Savings Bank
    Similarity Rank: 104
    The Bank of Greene County
    Similarity Rank: 120
    GREYLOCK
    Similarity Rank: 128
    Saratoga National Bank and Trust Company
    Similarity Rank: 140
    Union County Savings Bank
    Similarity Rank: 150
    HUDSON RIVER COMMUNITY
    Similarity Rank: 171

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,927 $658,955,000 $225,130 $2,176 3.99%
    HELOC 951 $88,875,000 $93,454 n/a 3.03%

    For 2019, Trustco Bank's most frequently originated type of loan was Conventional, with 2,927 originations. Their 2nd most popular type was HELOC, with 951 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,400 $343,000,000 $245,000 $3,214 4.00%
    Cash Out Refi 1,274 $254,440,000 $199,717 $1,433 3.57%
    Other 484 $37,500,000 $77,479 $265 3.63%
    Refi 425 $93,075,000 $219,000 $1,457 3.74%
    Home Improvement 295 $19,815,000 $67,169 $195 3.66%

    For 2019, Trustco Bank's most frequently cited loan purpose was Home Purchase, with 1,400 originations. The 2nd most popular reason was Cash Out Refi, with 1,274 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,737 $542,985,000 $198,387 $2,527 3.59%
    Other 423 $100,755,000 $238,191 $2,088 3.81%
    20 Year 284 $23,610,000 $83,134 $242 4.67%
    15 Year 256 $35,580,000 $138,984 $1,521 3.94%
    30+ year 101 $31,065,000 $307,574 $4,129 4.09%
    10 Year 61 $12,175,000 $199,590 $157 4.99%
    5 Year 13 $1,145,000 $88,077 $0 5.26%
    1 Year 3 $515,000 $171,667 $0 6.08%

    For 2019, Trustco Bank's most frequently cited loan duration was 30 Year, with 2,737 originations. The 2nd most popular length was Other, with 423 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,919 $463,905,000 $241,743
    $<1k 781 $115,545,000 $147,945
    $2k-3k 180 $56,710,000 $315,056
    $3k-4k 23 $8,635,000 $375,435
    $4k-5k 2 $790,000 $395,000
    $5k+ 1 $475,000 $475,000

    Trustco Bank's average total fees were $2,527, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,919 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 2,039 $496,445,000 $243,475
    2.5-3% 838 $80,110,000 $95,597
    4-5% 787 $139,015,000 $176,639
    5-6% 143 $26,205,000 $183,252
    <2.5% 64 $5,130,000 $80,156
    6-7% 5 $795,000 $159,000
    7-8% 1 $65,000 $65,000
    Over 8% 1 $65,000 $65,000

    During 2019, Trustco Bank's average interest rate for loans was 3.59%, while their most frequently originated rate bucket for loans was 3-4%, with 2,039 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,354 $370,100,000 $273,338 $2,602 3.80%
    $100k-200k 1,151 $170,735,000 $148,336 $1,936 3.73%
    $100,000 or less 1,081 $55,725,000 $51,549 $740 3.69%
    $400k-600k 258 $121,050,000 $469,186 $3,298 3.83%
    $600k-1MM 28 $18,970,000 $677,500 $4,968 4.22%
    $1MM+ 6 $11,250,000 $1,875,000 $7,143 4.65%

    2019 saw Trustco Bank place emphasis on $200k-400k loans with 1,354 originations, totaling $370,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,033 $211,235,000 $204,487 $2,273 3.72%
    $150k-250k 754 $191,310,000 $253,727 $2,436 3.74%
    $75k-100k 721 $124,105,000 $172,129 $2,189 3.72%
    $50k-75k 714 $102,390,000 $143,403 $1,987 3.80%
    $50k or less 392 $37,470,000 $95,587 $1,648 3.83%
    $250k+ 202 $62,580,000 $309,802 $2,669 3.70%

    Trustco Bank lent most frequently to those with incomes in the $100k-150k range, with 1,033 originations. The second most popular income band? $150k-250k, with 754 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,057 $204,405,000 $193,382 $2,178 3.75%
    30-36% 875 $175,075,000 $200,086 $2,341 3.74%
    <20% 431 $73,515,000 $170,568 $1,980 3.75%
    42% 278 $44,710,000 $160,827 $1,728 3.71%
    41% 203 $35,615,000 $175,443 $1,923 3.71%
    40% 201 $42,795,000 $212,910 $2,309 3.84%
    37% 176 $34,510,000 $196,080 $2,313 3.79%
    38% 175 $34,665,000 $198,086 $2,278 3.77%
    36% 173 $35,205,000 $203,497 $2,101 3.78%
    39% 170 $34,540,000 $203,176 $2,229 3.77%
    50-60% 25 $3,975,000 $159,000 $2,085 3.32%
    43% 24 $5,090,000 $212,083 $2,796 3.70%
    46% 16 $2,310,000 $144,375 $2,532 3.42%
    >60% 14 $2,360,000 $168,571 $2,680 3.19%
    45% 12 $1,340,000 $111,667 $1,982 3.55%
    44% 12 $2,930,000 $244,167 $3,484 3.27%
    47% 7 $955,000 $136,429 $2,501 3.82%
    49% 4 $370,000 $92,500 $0 3.56%
    48% 1 $55,000 $55,000 $0 2.99%

    Trustco Bank lent most frequently to those with DTI ratios of 20-30%, with 1,057 originations. The next most common DTI ratio? 30-36%, with 875 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,303 $611,635,000 $185,176 $2,148 3.74%
    Asian 337 $76,085,000 $225,772 $2,366 3.77%
    Not provided 110 $23,870,000 $217,000 $2,101 3.73%
    Black 88 $18,810,000 $213,750 $2,451 3.82%
    Not applicable 16 $12,020,000 $751,250 $0 5.80%
    Native Hawaiian or Islander 12 $2,920,000 $243,333 $2,920 3.89%
    American Indian 12 $2,490,000 $207,500 $1,591 4.07%

    Approval Rates

    Total approvals of all applications
    74.75%

    Trustco Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.83%

    Trustco Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,878 $747,830,000 $192,839

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 12 $9,720,000 $810,000
    Single Family (1-4 Units):Site-Built 3,866 $738,110,000 $190,923

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 510 $52,440,000 $102,824 $1,101 3.47%
    40-60% 419 $77,875,000 $185,859 $1,889 3.66%
    60-80% 828 $195,000,000 $235,507 $2,276 3.79%
    80-100% 1,479 $394,185,000 $266,521 $2,619 3.92%
    Under 20% 642 $28,330,000 $44,128 $94 3.63%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    TRUSTMARK CORPORATION Conventional home mortgage Trouble during payment process 5 45.5%
    TRUSTMARK CORPORATION FHA mortgage Struggling to pay mortgage 1 9.1%
    TRUSTMARK CORPORATION FHA mortgage Trouble during payment process 1 9.1%
    TRUSTMARK CORPORATION Home equity loan or line of credit (HELOC) Trouble during payment process 1 9.1%
    TRUSTMARK CORPORATION Other type of mortgage Closing on a mortgage 1 9.1%
    TRUSTMARK CORPORATION Other type of mortgage Trouble during payment process 2 18.2%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    TrustCo Bank 1 Dan Fox Dr Pittsfield, MA 1201 Full Service B&M $6,128
    TrustCo Bank 1 Johnson Road Latham, NY 12110 Full Service B&M $38,813
    TrustCo Bank 2160 Rt 9l Lake George, NY 12845 Full Service B&M $10,232
    TrustCo Bank 1 Sarnowski Drive Glenville, NY 12302 Full Service B&M $34,915
    TrustCo Bank 100 Clearbrook Road Elmsford, NY 10523 Full Service B&M $26,619
    TrustCo Bank 10105 Route 441 Leesburg, FL 34788 Full Service B&M $19,829
    TrustCo Bank 1018 Route 146 Clifton Park, NY 12065 Full Service B&M $89,104
    TrustCo Bank 10249 South John Young Parkway, Suite 101 Orlando, FL 32837 Full Service B&M $9,222
    TrustCo Bank 104 Merchant Pl Cobleskill, NY 12043 Full Service B&M $27,512
    TrustCo Bank 1048 State Street Schenectady, NY 12307 Full Service B&M $30,733
    TrustCo Bank 1084 Lee Road Suite 11 Orlando, FL 32810 Full Service B&M $6,799
    TrustCo Bank 1084 Madison Avenue Albany, NY 12208 Full Service B&M $46,169
    TrustCo Bank 112 State Street Albany, NY 12207 Full Service B&M $57,592
    TrustCo Bank 1134 N. Rock Springs Road Apopka, FL 32712 Full Service B&M $13,520
    TrustCo Bank 115 N. Nova Road Ormond Beach, FL 32174 Full Service B&M $16,284
    TrustCo Bank 1156 Troy-Schenectady Road Latham, NY 12110 Full Service B&M $50,839
    TrustCo Bank 118 Quaker Road, Suite 9 Queensbury, NY 12804 Full Service B&M $46,502
    TrustCo Bank 1185 Rhinehart Rd Sanford, FL 32771 Full Service B&M $10,090
    TrustCo Bank 1211 N. Orange Ave Winter Park, FL 32789 Full Service B&M $3,049
    TrustCo Bank 1220 Ulster Avenue Kingston, NY 12401 Full Service B&M $3,323
    TrustCo Bank 123 Mohawk Avenue Scotia, NY 12302 Full Service B&M $19,075
    TrustCo Bank 12305 Us Rt 27 Clermont, FL 34711 Full Service B&M $24,509
    TrustCo Bank 12901 E Colonial Dr Orlando, FL 32826 Full Service B&M $17,268
    TrustCo Bank 1295 Tuskawilla Rd Ste 10 Winter Springs, FL 32708 Full Service B&M $19,199
    TrustCo Bank 1300 S Tamiami Trial Osprey, FL 34229 Full Service B&M $28,393
    TrustCo Bank 131 Main Street Greenwich, NY 12834 Full Service B&M $50,560
    TrustCo Bank 132 Fifth Ave Pelham, NY 10803 Full Service B&M $10,060
    TrustCo Bank 133 Saratoga Road South Glens Falls, NY 12803 Full Service B&M $16,725
    TrustCo Bank 1330 Citizens Blvd Suite 101 Leesburg, FL 34748 Full Service B&M $28,252
    TrustCo Bank 134-136 Main Street Wynantskill, NY 12198 Full Service B&M $33,626
    TrustCo Bank 1350 Gerling Street Schenectady, NY 12308 Full Service B&M $74,425
    TrustCo Bank 1400 Altamont Avenue Schenectady, NY 12303 Full Service B&M $67,115
    TrustCo Bank 14051 Us Highway 1 Juno Beach, FL 33408 Full Service B&M $15,166
    TrustCo Bank 141 W. Campbell Road Rotterdam, NY 12306 Full Service B&M $42,290
    TrustCo Bank 1410 Curry Road Rotterdam, NY 12303 Full Service B&M $74,025
    TrustCo Bank 1475 Balltown Road Niskayuna, NY 12309 Full Service B&M $18,320
    TrustCo Bank 1490 Route 9 Wappingers Falls, NY 12590 Full Service B&M $12,045
    TrustCo Bank 1500 Alafaya Trail Oviedo, FL 32765 Full Service B&M $10,305
    TrustCo Bank 1525 E Osceola Pkwy Kissimmee, FL 34744 Full Service B&M $7,953
    TrustCo Bank 1541 Crescent Road Clifton Park, NY 12065 Full Service B&M $39,472
    TrustCo Bank 1545 Route 52 Fishkill, NY 12524 Full Service B&M $27,164
    TrustCo Bank 1569 New Scotland Ave Slingerlands, NY 12159 Full Service B&M $19,517
    TrustCo Bank 1581 Route 202 Pomona, NY 10970 Full Service B&M $24,044
    TrustCo Bank 16118 Marsh Rd Winter Garden, FL 34787 Full Service B&M $9,190
    TrustCo Bank 1620 Union Street Schenectady, NY 12309 Full Service B&M $157,556
    TrustCo Bank 167 Delaware Avenue Delmar, NY 12054 Full Service B&M $118,920
    TrustCo Bank 16908 High Grove Blvd Clermont, FL 34714 Full Service B&M $9,349
    TrustCo Bank 18 Woods Bridge Road Katonah, NY 10536 Full Service B&M $30,367
    TrustCo Bank 180-190 E Boston Post Rd Mamaroneck, NY 10543 Full Service B&M $13,320
    TrustCo Bank 1818 Central Avenue Albany, NY 12205 Full Service B&M $55,516
    TrustCo Bank 1875 W County Rd 419 Suite 600 Oviedo, FL 32766 Full Service B&M $17,737
    TrustCo Bank 1900 Altamont Avenue Schenectady, NY 12303 Full Service B&M $50,918
    TrustCo Bank 193 Hudson Ave Chatham, NY 12037 Full Service B&M $10,451
    TrustCo Bank 2 Main Street, Hoosick Valley Plaza Schaghticoke, NY 12154 Full Service B&M $15,829
    TrustCo Bank 2 Trieble Ave Ballston Spa, NY 12020 Full Service B&M $29,282
    TrustCo Bank 20 Squadron Blvd New City, NY 10956 Full Service B&M $37,658
    TrustCo Bank 20 Welcher Ave Peekskill, NY 10566 Full Service B&M $24,135
    TrustCo Bank 201 Troy-Schenectady Road, Route 2 Latham, NY 12110 Full Service B&M $25,533
    TrustCo Bank 205 Apollo Beach Blvd Apollo Beach, FL 33572 Full Service B&M $5,425
    TrustCo Bank 2050 Western Ave Ste 116 Guilderland, NY 12084 Full Service B&M $60,819
    TrustCo Bank 2057 South Tamiami Trail Venice, FL 34293 Full Service B&M $39,977
    TrustCo Bank 215 Guideboard Road Clifton Park, NY 12065 Full Service B&M $45,407
    TrustCo Bank 215 North Street Bennington, VT 5201 Full Service B&M $10,828
    TrustCo Bank 220 Livingston St, Suite 102 Northvale, NJ 7647 Full Service B&M $12,762
    TrustCo Bank 220e Hartsdale Ave Hartsdale, NY 10530 Full Service B&M $16,529
    TrustCo Bank 222 East Main Street Mount Kisco, NY 10549 Full Service B&M $6,538
    TrustCo Bank 235 Church Avenue Ballston Spa, NY 12020 Full Service B&M $18,610
    TrustCo Bank 238 West Bridge Street Catskill, NY 12414 Full Service B&M $64,087
    TrustCo Bank 2471 Route 9 And Dunning Street Malta, NY 12020 Full Service B&M $36,446
    TrustCo Bank 2481 Croton Road Melbourne, FL 32935 Full Service B&M $19,401
    TrustCo Bank 2619 S. Hiawassee Road Orlando, FL 32835 Full Service B&M $3,392
    TrustCo Bank 2656 S Rd (Rt 9) Poughkeepsie, NY 12601 Full Service B&M $16,390
    TrustCo Bank 2704 Bee Ridge Rd Sarasota, FL 34239 Full Service B&M $42,353
    TrustCo Bank 2838 West Curry Ford Road Orlando, FL 32828 Full Service B&M $14,016
    TrustCo Bank 286 Saratoga Road Glenville, NY 12302 Full Service B&M $182,289
    TrustCo Bank 2899 Maguire Rd Windermere, FL 34786 Full Service B&M $16,335
    TrustCo Bank 2929 Route 9 Valatie, NY 12184 Full Service B&M $16,171
    TrustCo Bank 2930 S Mccall Rd Englewood, FL 34224 Full Service B&M $25,819
    TrustCo Bank 3 Warren Street Glens Falls, NY 12801 Full Service B&M $12,909
    TrustCo Bank 301 New Scotland Avenue Albany, NY 12208 Full Service B&M $57,147
    TrustCo Bank 3020 Lamberton Blvd Orlando, FL 32825 Full Service B&M $16,000
    TrustCo Bank 3065 Route 50 Saratoga Springs, NY 12866 Full Service B&M $31,740
    TrustCo Bank 308 Ushers Road Ballston Lake, NY 12019 Full Service B&M $37,750
    TrustCo Bank 320 State Street Schenectady, NY 12305 Full Service B&M $113,035
    TrustCo Bank 326 Stockbridge Rd Great Barrington, MA 1230 Full Service B&M $9,582
    TrustCo Bank 327 Rt 59e Airmont, NY 10952 Full Service B&M $25,558
    TrustCo Bank 33-35 Center Street New City, NY 10956 Full Service B&M $23,601
    TrustCo Bank 3307 South Orange Blossom Trail Kissimmee, FL 34746 Full Service B&M $27,688
    TrustCo Bank 34 Congress St Saratoga Springs, NY 12866 Full Service B&M $21,431
    TrustCo Bank 34 Wolf Road Colonie, NY 12205 Full Service B&M $101,047
    TrustCo Bank 345 Main Street Catskill, NY 12414 Full Service B&M $20,555
    TrustCo Bank 3461 State Street Schenectady, NY 12304 Full Service B&M $75,661
    TrustCo Bank 350 West Lake Mary Blvd Sanford, FL 32773 Full Service B&M $11,465
    TrustCo Bank 3580 Rt 9 W Highland, NY 12528 Full Service B&M $5,247
    TrustCo Bank 3662 Avalon Park Boulevard East Orlando, FL 32828 Full Service B&M $12,504
    TrustCo Bank 3707 New York Route 43 West Sand Lake, NY 12196 Full Service B&M $37,723
    TrustCo Bank 372 Northern Boulevard Albany, NY 12204 Full Service B&M $39,059
    TrustCo Bank 3750 Burgoyne Avenue Hudson Falls, NY 12839 Full Service B&M $24,511
    TrustCo Bank 3751 Clyde Morris Blvd Port Orange, FL 32129 Full Service B&M $30,163
    TrustCo Bank 380 Route 9w Glenmont, NY 12077 Full Service B&M $13,002
    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 $1,950
    TrustCo Bank 3900 Carman Road Schenectady, NY 12303 Full Service B&M $85,564
    TrustCo Bank 3920 Dean Rd Orlando, FL 32803 Full Service B&M $12,530
    TrustCo Bank 40 Central Avenue Albany, NY 12206 Full Service B&M $16,292
    TrustCo Bank 400 E Pine St Orlando, FL 32801 Full Service B&M $12,277
    TrustCo Bank 4066 Route 9l Lake George, NY 12845 Full Service B&M $6,538
    TrustCo Bank 4070 Aloma Ave, Suite 1000 Winter Park, FL 32792 Full Service B&M $16,019
    TrustCo Bank 4125 20th Street Vero Beach, FL 32960 Full Service B&M $3,167
    TrustCo Bank 415 Whitehall Rd Albany, NY 12208 Full Service B&M $38,001
    TrustCo Bank 42755 Rt27 Davenport, FL 33837 Full Service B&M $15,101
    TrustCo Bank 43 Round Lake Road Ballston Lake, NY 12019 Full Service B&M $31,946
    TrustCo Bank 43park St Lee, MA 1238 Full Service B&M $8,342
    TrustCo Bank 4441 Sun City Center Blvd Sun City Center, FL 33573 Full Service B&M $46,391
    TrustCo Bank 4450 E Colonial Dr Orlando, FL 32803 Full Service B&M $18,079
    TrustCo Bank 47 Main Street Hoosick Falls, NY 12090 Full Service B&M $57,793
    TrustCo Bank 4931 Route 30 Amsterdam, NY 12010 Full Service B&M $14,474
    TrustCo Bank 4942 W Sr46 Sanford, FL 32771 Full Service B&M $8,669
    TrustCo Bank 5 Cheshire Rd, Suite 18 Pittsfield, MA 1201 Full Service B&M $15,788
    TrustCo Bank 5-7 Park Place Bronxville, NY 10708 Full Service B&M $29,254
    TrustCo Bank 501 Columbia Turnpike Rensselaer, NY 12144 Full Service B&M $70,275
    TrustCo Bank 507 Warren Street Hudson, NY 12534 Full Service B&M $35,015
    TrustCo Bank 5858 Cortez Rd W Bradenton, FL 34201 Full Service B&M $10,974
    TrustCo Bank 5950 Beneva Road Sarasota, FL 34238 Full Service B&M $10,686
    TrustCo Bank 602 New Loudon Road Latham, NY 12110 Full Service B&M $56,002
    TrustCo Bank 6084 Apopka Vineland Road Orlando, FL 32819 Full Service B&M $6,498
    TrustCo Bank 64 Rt 100 Briarcliff Manor, NY 10510 Full Service B&M $38,250
    TrustCo Bank 649 Rt 9 Intersection Of Northern Pines Rd And Maple Ave Gansevoort, NY 12831 Full Service B&M $19,216
    TrustCo Bank 671 North Hunt Club Rd Longwood, FL 32779 Full Service B&M $18,664
    TrustCo Bank 7 Clifton Country Road Clifton Park, NY 12065 Full Service B&M $81,137
    TrustCo Bank 7391 S Broadway (Rt 9) Red Hook, NY 12571 Full Service B&M $11,426
    TrustCo Bank 740 Hoosick Road Troy, NY 12180 Full Service B&M $11,535
    TrustCo Bank 7460 Cypress Gardens Boulevard Winter Haven, FL 33884 Full Service B&M $10,769
    TrustCo Bank 7803 E Colonial Driv Suite 107 Orlando, FL 32807 Full Service B&M $4,742
    TrustCo Bank 791 Rt 17m Monroe, NY 10950 Full Service B&M $19,122
    TrustCo Bank 8288 Lee Vista Blvd Orlando, FL 32829 Full Service B&M $9,896
    TrustCo Bank 851 E Sr 434 Winter Springs, FL 32708 Full Service B&M $15,517
    TrustCo Bank 873 N Highway 27/441 Lady Lake, FL 32159 Full Service B&M $56,225
    TrustCo Bank 9 Price Chopper Plaza Mechanicville, NY 12118 Full Service B&M $41,473
    TrustCo Bank 902 Saxon Blvd Orange City, FL 32763 Full Service B&M $30,673
    TrustCo Bank 909 West State Rd 434 Altamonte Springs, FL 32714 Full Service B&M $20,936
    TrustCo Bank 9360 Narcoossee Road Orlando, FL 32827 Full Service B&M $6,866
    TrustCo Bank 9400 Us Rt 17/92 Ste F Maitland, FL 32751 Full Service B&M $15,357
    TrustCo Bank 945 South Lake Blvd Mahopac, NY 10541 Full Service B&M $5,297
    TrustCo Bank 951 Se Federal Hwy Stuart, FL 34994 Full Service B&M $8,377
    TrustCo Bank 959 Crane Street Schenectady, NY 12303 Full Service B&M $20,748
    TrustCo Bank State Street And Fifth Avenue Troy, NY 12180 Full Service B&M $34,184
    TrustCo Bank Western Avenue At Fuller Road Albany, NY 12203 Full Service B&M $111,493

    For 2019, Trustco Bank had 148 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $192,129
    Net interest income $155,667
    Total noninterest income $25,243
    Gross Fiduciary activities income $6,387
    Service charges on deposit accounts $5,622
    Trading account gains and fees $0
    Additional Noninterest Income $13,234
    Pre-tax net operating income $79,907
    Securities gains (or losses, -) $6
    Income before extraordinary items $60,407
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $60,407
    Minority interest net income $0
    Net income $60,407
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $60,402

    Trustco Bank's gross interest income from loans was $192,129,000.
    Trustco Bank's net interest income from loans was $155,667,000.
    Trustco Bank's fee based income from loans was $5,622,000.
    Trustco Bank's net income from loans was $60,407,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $36,462
    Provision for credit losses $159
    Total noninterest expense $100,844
    Salaries and employee benefits $44,234
    Premises and equipment expense $21,714
    Additional noninterest expense $34,896
    Applicable income taxes $19,506
    Net charge-offs $608
    Cash dividends $28,213

    Trustco Bank's interest expense for loans was $36,462,000.
    Trustco Bank's payroll and benefits expense were $44,234,000.
    Trustco Bank's property, plant and equipment expenses $21,714,000.

    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 0.0%
    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 $4,450,030
    Deposits held in domestic offices $4,450,030
    Deposits by Individuals, partnerships, and corporations $4,445,508
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,385
    Deposits by Commercial banks and other depository institutions in U.S. $137
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $524,570
    Demand deposits $463,842
    Nontransaction accounts $3,925,460
    Money market deposit accounts (MMDAs) $1,414,799
    Other savings deposits (excluding MMDAs) $1,113,146
    Total time deposits $1,397,515
    Total time and savings deposits $3,986,188
    Noninterest-bearing deposits $463,842
    Interest-bearing deposits $3,986,188
    Retail deposits $4,221,730
    IRAs and Keogh plan accounts $178,021
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $5,220,288
    Cash & Balances due from depository institutions $456,906
    Interest-bearing balances $408,648
    Total securities $592,405
    Federal funds sold & reverse repurchase $0
    Net loans and leases $4,017,880
    Loan and leases loss allowance $44,317
    Trading account assets $0
    Bank premises and fixed assets $86,097
    Other real estate owned $1,579
    Goodwill and other intangibles $553
    All other assets $64,868

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $5,220,288
    Total Liabilities $4,698,498
    Total deposits $4,450,030
    Interest-bearing deposits $3,986,188
    Deposits held in domestic offices $4,450,030
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $172,784
    Trading liabilities $0
    Other borrowed funds $56,552
    Subordinated debt $0
    All other liabilities $19,132

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $4,017,880
    Loan and leases loss allowance $44,317
    Total loans and leases (domestic) $4,062,197
    All real estate loans $4,031,634
    Real estate loans in domestic offices $4,031,634
    Construction and development loans $33,774
    Residential 1-4 family construction $24,579
    Other construction, all land development and other land $9,195
    Loans secured by nonfarm nonresidential properties $98,508
    Nonfarm nonresidential secured by owner-occupied properties $46,991
    Commercial real estate & other non-farm, non-residential $51,517
    Multifamily residential real estate $31,790
    1-4 family residential loans $3,867,562
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $19,631
    To non-U.S. addressees $0
    Loans to individuals $10,933
    Credit card loans $0
    Related Plans $1,202
    Consumer Auto Loans $5,685
    Other loans to individuals $4,046
    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 $11,054
    Non 1-4 family restructured loans & leases $378
    Total loans and leases (foreign) $0

    TrustCo Bank had $4,017,880,000 of loans outstanding in 2019. $4,031,634,000 of loans were in real estate loans. $33,774,000 of loans were in development loans. $31,790,000 of loans were in multifamily mortgage loans. $3,867,562,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $5,685,000 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 157 $39,162 $249,439
    Nonfarm, nonresidential loans - <$100k 26 $821 $31,577
    Nonfarm, nonresidential loans - $100-250k 53 $6,983 $131,755
    Nonfarm, nonresidential loans - $250k-1MM 78 $31,358 $402,026
    Commercial & Industrial, US addressed loans - <$1MM 198 $16,181 $81,722
    Commercial & Industrial, US addressed loans - <$100k 118 $2,858 $24,220
    Commercial & Industrial, US addressed loans - $100-250k 39 $3,519 $90,231
    Commercial & Industrial, US addressed loans - $250k-1MM 41 $9,804 $239,122