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 small bank specializing in Cash Out Refi, Refi, and Home Purchase 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% 4/21/24
    30 Year Conventional Purchase 6.39% 4/21/24
    30 Year Conventional Refi 6.21% 4/21/24
    30 Year Cash-out Refi 6.24% 4/21/24
    15 Year Conventional Purchase 5.97% 4/21/24
    15 Year Conventional Refi 5.94% 4/21/24
    15 Year Cash-out Refi 5.94% 4/21/24
    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

    5,456

    Origination Dollar Volume (All Markets)

    $1,162,360,000

    Employee count

    778 Show all (20) 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) 2,288 $450,660,000 $196,967 $1,873 3.18%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1,055 $234,595,000 $222,365 $1,973 3.11%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 399 $122,795,000 $307,757 $2,283 3.11%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 297 $64,155,000 $216,010 $2,221 3.28%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 189 $47,855,000 $253,201 $1,946 3.18%
    GLENS FALLS, NY (FHA|USDA|VA) 229 $38,275,000 $167,140 $1,724 3.29%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 180 $35,040,000 $194,667 $1,947 3.22%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 148 $27,870,000 $188,311 $2,072 3.32%
    PUNTA GORDA, FL (FHA|USDA|VA) 92 $23,410,000 $254,457 $3,159 3.41%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 83 $19,265,000 $232,108 $1,878 3.21%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 67 $18,185,000 $271,418 $1,935 3.18%
    Hudson, NY (FHA|USDA|VA) 79 $15,025,000 $190,190 $1,934 3.28%
    Outside of Metro Areas 62 $11,370,000 $183,387 $1,918 3.18%
    PITTSFIELD, MA (FHA|USDA|VA) 58 $10,790,000 $186,034 $1,656 3.26%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 40 $9,660,000 $241,500 $1,994 3.17%
    KINGSTON, NY (FHA|USDA|VA) 28 $6,320,000 $225,714 $2,875 3.49%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 39 $6,095,000 $156,282 $1,512 3.28%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 26 $5,520,000 $212,308 $2,455 3.18%
    Amsterdam, NY (FHA|USDA|VA) 34 $4,550,000 $133,824 $1,925 3.18%
    Gloversville, NY (FHA|USDA|VA) 24 $3,410,000 $142,083 $1,744 3.29%
    THE VILLAGES, FL (FHA|USDA|VA) 16 $3,200,000 $200,000 $1,958 3.33%
    Bennington, VT (FHA|USDA|VA) 14 $2,560,000 $182,857 $1,867 2.88%
    OCALA, FL (FHA|USDA|VA) 5 $1,015,000 $203,000 $4,196 2.62%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $555,000 $185,000 $2,958 3.33%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $185,000 $185,000 $1,414 2.88%
    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.

    FIRST NEW YORK
    Similarity Rank: 56
    The First National Bank of Long Island
    Similarity Rank: 134
    Adams Community Bank
    Similarity Rank: 161
    Bank of Richmondville
    Similarity Rank: 180
    MountainOne Bank
    Similarity Rank: 240
    North Jersey Federal Credit Union
    Similarity Rank: 247
    HUDSON RIVER COMMUNITY
    Similarity Rank: 284
    The Bank of Greene County
    Similarity Rank: 290
    GREYLOCK
    Similarity Rank: 300
    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 304

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,328 $1,053,020,000 $243,304 $1,977 3.31%
    HELOC 1,128 $109,340,000 $96,933 n/a 2.71%

    For 2020, Trustco Bank's most frequently originated type of loan was Conventional, with 4,328 originations. Their 2nd most popular type was HELOC, with 1,128 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 2,178 $486,050,000 $223,163 $1,517 3.08%
    Refi 1,266 $287,790,000 $227,322 $1,564 3.20%
    Home Purchase 1,216 $315,430,000 $259,400 $3,252 3.40%
    Other 560 $50,800,000 $90,714 $586 3.07%
    Home Improvement 236 $22,290,000 $94,449 $450 3.26%

    For 2020, Trustco Bank's most frequently cited loan purpose was Cash Out Refi, with 2,178 originations. The 2nd most popular reason was Refi, with 1,266 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,433 $755,685,000 $220,124 $2,179 3.05%
    Other 803 $198,275,000 $246,918 $1,741 3.22%
    15 Year 558 $104,370,000 $187,043 $1,561 3.15%
    20 Year 466 $47,470,000 $101,867 $615 4.02%
    30+ year 119 $36,645,000 $307,941 $4,068 3.43%
    10 Year 69 $19,135,000 $277,319 $1,153 3.61%
    5 Year 7 $275,000 $39,286 $0 4.55%
    1 Year 1 $505,000 $505,000 $0 4.25%

    For 2020, Trustco Bank's most frequently cited loan duration was 30 Year, with 3,433 originations. The 2nd most popular length was Other, with 803 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3,332 $818,470,000 $245,639
    $<1k 783 $151,595,000 $193,608
    $2k-3k 163 $54,365,000 $333,528
    $3k-4k 26 $8,610,000 $331,154
    $4k-5k 5 $1,315,000 $263,000
    $5k+ 3 $835,000 $278,333

    Trustco Bank's average total fees were $2,179, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,332 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 2,946 $715,770,000 $242,963
    2.5-3% 1,343 $319,405,000 $237,829
    <2.5% 807 $84,235,000 $104,380
    4-5% 355 $42,005,000 $118,324
    5-6% 5 $945,000 $189,000

    During 2020, Trustco Bank's average interest rate for loans was 3.05%, while their most frequently originated rate bucket for loans was 3-4%, with 2,946 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,177 $601,615,000 $276,350 $2,098 3.21%
    $100k-200k 1,662 $249,610,000 $150,187 $1,730 3.16%
    $100,000 or less 1,156 $62,570,000 $54,126 $1,097 3.14%
    $400k-600k 394 $187,010,000 $474,645 $2,809 3.24%
    $600k-1MM 56 $39,530,000 $705,893 $4,648 3.38%
    $1MM+ 11 $22,025,000 $2,002,273 $6,034 3.83%

    2020 saw Trustco Bank place emphasis on $200k-400k loans with 2,177 originations, totaling $601,615,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,482 $340,590,000 $229,818 $2,079 3.18%
    $150k-250k 1,082 $291,620,000 $269,519 $2,132 3.14%
    $50k-75k 1,074 $167,020,000 $155,512 $1,781 3.21%
    $75k-100k 890 $162,990,000 $183,135 $1,893 3.20%
    $50k or less 506 $55,090,000 $108,874 $1,655 3.24%
    $250k+ 339 $117,735,000 $347,301 $2,580 3.09%

    Trustco Bank lent most frequently to those with incomes in the $100k-150k range, with 1,482 originations. The second most popular income band? $150k-250k, with 1,082 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,709 $358,705,000 $209,892 $2,016 3.17%
    30-36% 1,188 $256,740,000 $216,111 $2,068 3.21%
    <20% 685 $136,695,000 $199,555 $1,835 3.12%
    42% 343 $67,655,000 $197,245 $1,778 3.22%
    40% 252 $56,890,000 $225,754 $2,053 3.22%
    36% 242 $50,910,000 $210,372 $1,891 3.13%
    41% 241 $50,745,000 $210,560 $1,963 3.18%
    39% 221 $51,125,000 $231,335 $2,009 3.20%
    38% 204 $42,330,000 $207,500 $1,919 3.25%
    37% 196 $42,720,000 $217,959 $1,981 3.16%
    50-60% 39 $6,355,000 $162,949 $2,057 2.93%
    43% 33 $5,905,000 $178,939 $1,749 3.35%
    44% 19 $3,565,000 $187,632 $1,830 3.50%
    >60% 16 $3,780,000 $236,250 $2,199 2.82%
    47% 15 $3,635,000 $242,333 $2,426 2.82%
    46% 13 $2,205,000 $169,615 $1,455 2.97%
    48% 10 $1,570,000 $157,000 $1,577 2.46%
    45% 9 $1,415,000 $157,222 $1,774 2.73%
    49% 3 $1,005,000 $335,000 $3,812 3.21%

    Trustco Bank lent most frequently to those with DTI ratios of 20-30%, with 1,709 originations. The next most common DTI ratio? 30-36%, with 1,188 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,570 $945,270,000 $206,842 $1,968 3.17%
    Asian 423 $102,035,000 $241,217 $2,063 3.22%
    Not provided 283 $65,935,000 $232,986 $1,957 3.19%
    Black 138 $31,270,000 $226,594 $2,042 3.30%
    Not applicable 13 $12,485,000 $960,385 $0 4.84%
    American Indian 22 $4,050,000 $184,091 $1,632 3.16%
    Native Hawaiian or Islander 7 $1,315,000 $187,857 $3,108 2.76%

    Approval Rates

    Total approvals of all applications
    77.96%

    Trustco Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.34%

    Trustco Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,456 $1,162,360,000 $213,043

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 12 $17,610,000 $1,467,500
    Single Family (1-4 Units):Site-Built 5,444 $1,144,750,000 $210,277

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 594 $66,680,000 $112,256 $1,376 2.96%
    40-60% 738 $139,620,000 $189,187 $1,643 3.10%
    60-80% 1,451 $354,565,000 $244,359 $1,903 3.19%
    80-100% 1,987 $567,255,000 $285,483 $2,314 3.32%
    Under 20% 686 $34,240,000 $49,913 $434 3.07%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    TRUSTMARK CORPORATION VA mortgage Trouble during payment process 1 25.0%
    TRUSTMARK CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    TRUSTMARK CORPORATION Conventional home mortgage Struggling to pay mortgage 2 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Trustco Bank 1 Dan Fox Dr Pittsfield, MA 1201 Full Service B&M $6,239
    Trustco Bank 1 Johnson Road Latham, NY 12110 Full Service B&M $43,463
    Trustco Bank 1 Sarnowski Drive Glenville, NY 12302 Full Service B&M $35,779
    Trustco Bank 100 Clearbrook Road Elmsford, NY 10523 Full Service B&M $28,467
    Trustco Bank 10105 Route 441 Leesburg, FL 34788 Full Service B&M $18,936
    Trustco Bank 10249 South John Young Parkway, Suite 101 Orlando, FL 32837 Full Service B&M $9,915
    Trustco Bank 1028 Route 146 Clifton Park, NY 12065 Full Service B&M $97,943
    Trustco Bank 104 Merchant Pl Cobleskill, NY 12043 Full Service B&M $28,966
    Trustco Bank 1048 State Street Schenectady, NY 12307 Full Service B&M $33,446
    Trustco Bank 1084 Lee Road Suite 11 Orlando, FL 32810 Full Service B&M $6,590
    Trustco Bank 1084 Madison Avenue Albany, NY 12208 Full Service B&M $54,449
    Trustco Bank 112 State Street Albany, NY 12207 Full Service B&M $57,693
    Trustco Bank 1134 N. Rock Springs Road Apopka, FL 32712 Full Service B&M $15,648
    Trustco Bank 115 N. Nova Road Ormond Beach, FL 32174 Full Service B&M $20,821
    Trustco Bank 1156 Troy-Schenectady Road Latham, NY 12110 Full Service B&M $68,903
    Trustco Bank 118 Quaker Road, Suite 9 Queensbury, NY 12804 Full Service B&M $51,742
    Trustco Bank 1185 Rhinehart Rd Sanford, FL 32771 Full Service B&M $11,860
    Trustco Bank 1211 N. Orange Ave Winter Park, FL 32789 Full Service B&M $2,992
    Trustco Bank 1220 Ulster Avenue Kingston, NY 12401 Full Service B&M $3,364
    Trustco Bank 123 Mohawk Avenue Scotia, NY 12302 Full Service B&M $20,820
    Trustco Bank 12305 Us Rt 27 Clermont, FL 34711 Full Service B&M $26,495
    Trustco Bank 12901 E Colonial Dr Orlando, FL 32826 Full Service B&M $18,396
    Trustco Bank 1295 Tuskawilla Rd Ste 10 Winter Springs, FL 32708 Full Service B&M $22,716
    Trustco Bank 1300 S Tamiami Trial Osprey, FL 34229 Full Service B&M $31,533
    Trustco Bank 131 Main Street Greenwich, NY 12834 Full Service B&M $52,642
    Trustco Bank 132 Fifth Ave Pelham, NY 10803 Full Service B&M $11,754
    Trustco Bank 133 Saratoga Road South Glens Falls, NY 12803 Full Service B&M $20,376
    Trustco Bank 1330 Citizens Blvd Suite 101 Leesburg, FL 34748 Full Service B&M $28,297
    Trustco Bank 134-136 Main Street Wynantskill, NY 12198 Full Service B&M $36,802
    Trustco Bank 1350 Gerling Street Schenectady, NY 12308 Full Service B&M $76,975
    Trustco Bank 1400 Altamont Avenue Schenectady, NY 12303 Full Service B&M $75,406
    Trustco Bank 14051 Us Highway 1 Juno Beach, FL 33408 Full Service B&M $17,125
    Trustco Bank 141 W. Campbell Road Rotterdam, NY 12306 Full Service B&M $45,753
    Trustco Bank 1410 Curry Road Rotterdam, NY 12303 Full Service B&M $97,053
    Trustco Bank 1475 Balltown Road Niskayuna, NY 12309 Full Service B&M $23,402
    Trustco Bank 1490 Route 9 Wappingers Falls, NY 12590 Full Service B&M $12,837
    Trustco Bank 1500 Alafaya Trail Oviedo, FL 32765 Full Service B&M $11,345
    Trustco Bank 1525 E Osceola Pkwy Kissimmee, FL 34744 Full Service B&M $10,146
    Trustco Bank 1541 Crescent Road Clifton Park, NY 12065 Full Service B&M $44,182
    Trustco Bank 1545 Route 52 Fishkill, NY 12524 Full Service B&M $28,771
    Trustco Bank 1569 New Scotland Ave Slingerlands, NY 12159 Full Service B&M $21,748
    Trustco Bank 1581 Route 202 Pomona, NY 10970 Full Service B&M $29,075
    Trustco Bank 16118 Marsh Rd Winter Garden, FL 34787 Full Service B&M $10,130
    Trustco Bank 1620 Union Street Schenectady, NY 12309 Full Service B&M $158,342
    Trustco Bank 167 Delaware Avenue Delmar, NY 12054 Full Service B&M $121,434
    Trustco Bank 16908 High Grove Blvd Clermont, FL 34714 Full Service B&M $10,117
    Trustco Bank 18 Woods Bridge Road Katonah, NY 10536 Full Service B&M $33,197
    Trustco Bank 180-190 E Boston Post Rd Mamaroneck, NY 10543 Full Service B&M $12,881
    Trustco Bank 1818 Central Avenue Albany, NY 12205 Full Service B&M $62,082
    Trustco Bank 1875 W County Rd 419 Suite 600 Oviedo, FL 32766 Full Service B&M $18,954
    Trustco Bank 1900 Altamont Avenue Schenectady, NY 12303 Full Service B&M $52,709
    Trustco Bank 193 Hudson Ave Chatham, NY 12037 Full Service B&M $12,699
    Trustco Bank 2 Main Street, Hoosick Valley Plaza Schaghticoke, NY 12154 Full Service B&M $17,428
    Trustco Bank 2 Trieble Ave Ballston Spa, NY 12020 Full Service B&M $36,021
    Trustco Bank 20 Squadron Blvd New City, NY 10956 Full Service B&M $30,924
    Trustco Bank 20 Welcher Ave Peekskill, NY 10566 Full Service B&M $29,271
    Trustco Bank 201 Troy-Schenectady Road, Route 2 Latham, NY 12110 Full Service B&M $28,745
    Trustco Bank 205 Apollo Beach Blvd Apollo Beach, FL 33572 Full Service B&M $6,947
    Trustco Bank 2050 Western Ave Ste 116 Guilderland, NY 12084 Full Service B&M $65,049
    Trustco Bank 2057 South Tamiami Trail Venice, FL 34293 Full Service B&M $44,896
    Trustco Bank 215 Guideboard Road Clifton Park, NY 12065 Full Service B&M $50,828
    Trustco Bank 215 North Street Bennington, VT 5201 Full Service B&M $12,418
    Trustco Bank 2160 Rt 9l Lake George, NY 12845 Full Service B&M $11,318
    Trustco Bank 220 Livingston St, Suite 102 Northvale, NJ 7647 Full Service B&M $11,152
    Trustco Bank 220e Hartsdale Ave Hartsdale, NY 10530 Full Service B&M $15,723
    Trustco Bank 222 East Main Street Mount Kisco, NY 10549 Full Service B&M $5,483
    Trustco Bank 235 Church Avenue Ballston Spa, NY 12020 Full Service B&M $21,661
    Trustco Bank 238 West Bridge Street Catskill, NY 12414 Full Service B&M $68,634
    Trustco Bank 2471 Route 9 And Dunning Street Malta, NY 12020 Full Service B&M $45,279
    Trustco Bank 2481 Croton Road Melbourne, FL 32935 Full Service B&M $18,929
    Trustco Bank 2619 S. Hiawassee Road Orlando, FL 32835 Full Service B&M $3,174
    Trustco Bank 2656 S Rd (Rt 9) Poughkeepsie, NY 12601 Full Service B&M $16,435
    Trustco Bank 2704 Bee Ridge Rd Sarasota, FL 34239 Full Service B&M $45,599
    Trustco Bank 2838 West Curry Ford Road Orlando, FL 32828 Full Service B&M $14,977
    Trustco Bank 286 Saratoga Road Glenville, NY 12302 Full Service B&M $195,732
    Trustco Bank 2899 Maguire Rd Windermere, FL 34786 Full Service B&M $18,201
    Trustco Bank 2929 Route 9 Valatie, NY 12184 Full Service B&M $19,531
    Trustco Bank 2930 S Mccall Rd Englewood, FL 34224 Full Service B&M $27,999
    Trustco Bank 3 Warren Street Glens Falls, NY 12801 Full Service B&M $13,898
    Trustco Bank 301 New Scotland Avenue Albany, NY 12208 Full Service B&M $63,204
    Trustco Bank 3020 Lamberton Blvd Orlando, FL 32825 Full Service B&M $16,952
    Trustco Bank 3065 Route 50 Saratoga Springs, NY 12866 Full Service B&M $35,560
    Trustco Bank 308 Ushers Road Ballston Lake, NY 12019 Full Service B&M $44,764
    Trustco Bank 320 State Street Schenectady, NY 12305 Full Service B&M $123,876
    Trustco Bank 326 Stockbridge Rd Great Barrington, MA 1230 Full Service B&M $9,830
    Trustco Bank 327 Rt 59e Airmont, NY 10952 Full Service B&M $23,545
    Trustco Bank 33-35 Center Street New City, NY 10956 Full Service B&M $19,071
    Trustco Bank 3307 South Orange Blossom Trail Kissimmee, FL 34746 Full Service B&M $25,622
    Trustco Bank 34 Congress St Saratoga Springs, NY 12866 Full Service B&M $23,562
    Trustco Bank 34 Wolf Road Colonie, NY 12205 Full Service B&M $114,533
    Trustco Bank 345 Main Street Catskill, NY 12414 Full Service B&M $21,448
    Trustco Bank 3461 State Street Schenectady, NY 12304 Full Service B&M $83,858
    Trustco Bank 350 West Lake Mary Blvd Sanford, FL 32773 Full Service B&M $12,738
    Trustco Bank 3580 Rt 9 W Highland, NY 12528 Full Service B&M $5,572
    Trustco Bank 3662 Avalon Park Boulevard East Orlando, FL 32828 Full Service B&M $17,834
    Trustco Bank 3707 New York Route 43 West Sand Lake, NY 12196 Full Service B&M $42,243
    Trustco Bank 372 Northern Boulevard Albany, NY 12204 Full Service B&M $51,770
    Trustco Bank 3750 Burgoyne Avenue Hudson Falls, NY 12839 Full Service B&M $25,133
    Trustco Bank 3751 Clyde Morris Blvd Port Orange, FL 32129 Full Service B&M $31,456
    Trustco Bank 380 Route 9w Glenmont, NY 12077 Full Service B&M $14,528
    Trustco Bank 385 N Franklin Turnpike Ramsey, NJ 7446 Full Service B&M $8,876
    Trustco Bank 388 Route 59 Nyack, NY 10960 Full Service B&M $3,980
    Trustco Bank 3900 Carman Road Schenectady, NY 12303 Full Service B&M $97,230
    Trustco Bank 3920 Dean Rd Orlando, FL 32803 Full Service B&M $12,151
    Trustco Bank 40 Central Avenue Albany, NY 12206 Full Service B&M $16,543
    Trustco Bank 400 E Pine St Orlando, FL 32801 Full Service B&M $18,452
    Trustco Bank 4066 Route 9l Lake George, NY 12845 Full Service B&M $6,043
    Trustco Bank 4070 Aloma Ave, Suite 1000 Winter Park, FL 32792 Full Service B&M $19,403
    Trustco Bank 4125 20th Street Vero Beach, FL 32960 Full Service B&M $6,240
    Trustco Bank 415 Whitehall Rd Albany, NY 12208 Full Service B&M $39,795
    Trustco Bank 42755 Rt27 Davenport, FL 33837 Full Service B&M $14,000
    Trustco Bank 43 Round Lake Road Ballston Lake, NY 12019 Full Service B&M $34,491
    Trustco Bank 4301 E Colonial Dr Orlando, FL 32803 Full Service B&M $31,990
    Trustco Bank 43park St Lee, MA 1238 Full Service B&M $7,222
    Trustco Bank 4441 Sun City Center Blvd Sun City Center, FL 33573 Full Service B&M $47,314
    Trustco Bank 47 Main Street Hoosick Falls, NY 12090 Full Service B&M $62,301
    Trustco Bank 4931 Route 30 Amsterdam, NY 12010 Full Service B&M $19,314
    Trustco Bank 4942 W Sr46 Sanford, FL 32771 Full Service B&M $9,642
    Trustco Bank 5 Cheshire Rd, Suite 18 Pittsfield, MA 1201 Full Service B&M $16,210
    Trustco Bank 5-7 Park Place Bronxville, NY 10708 Full Service B&M $28,415
    Trustco Bank 501 Columbia Turnpike Rensselaer, NY 12144 Full Service B&M $71,935
    Trustco Bank 507 Warren Street Hudson, NY 12534 Full Service B&M $42,556
    Trustco Bank 5858 Cortez Rd W Bradenton, FL 34201 Full Service B&M $10,648
    Trustco Bank 5950 Beneva Road Sarasota, FL 34238 Full Service B&M $11,565
    Trustco Bank 602 New Loudon Road Latham, NY 12110 Full Service B&M $59,590
    Trustco Bank 6084 Apopka Vineland Road Orlando, FL 32819 Full Service B&M $6,956
    Trustco Bank 64 Rt 100 Briarcliff Manor, NY 10510 Full Service B&M $35,462
    Trustco Bank 649 Rt 9 Intersection Of Northern Pines Rd And Maple Ave Gansevoort, NY 12831 Full Service B&M $21,678
    Trustco Bank 671 North Hunt Club Rd Longwood, FL 32779 Full Service B&M $18,969
    Trustco Bank 7 Clifton Country Road Clifton Park, NY 12065 Full Service B&M $90,642
    Trustco Bank 7391 S Broadway (Rt 9) Red Hook, NY 12571 Full Service B&M $11,453
    Trustco Bank 740 Hoosick Road Troy, NY 12180 Full Service B&M $12,385
    Trustco Bank 7460 Cypress Gardens Boulevard Winter Haven, FL 33884 Full Service B&M $10,712
    Trustco Bank 7803 E Colonial Driv Suite 107 Orlando, FL 32807 Full Service B&M $4,419
    Trustco Bank 791 Rt 17m Monroe, NY 10950 Full Service B&M $19,094
    Trustco Bank 8288 Lee Vista Blvd Orlando, FL 32829 Full Service B&M $9,144
    Trustco Bank 851 E Sr 434 Winter Springs, FL 32708 Full Service B&M $17,611
    Trustco Bank 873 N Highway 27/441 Lady Lake, FL 32159 Full Service B&M $52,892
    Trustco Bank 9 Price Chopper Plaza Mechanicville, NY 12118 Full Service B&M $44,449
    Trustco Bank 902 Saxon Blvd Orange City, FL 32763 Full Service B&M $29,031
    Trustco Bank 909 West State Rd 434 Altamonte Springs, FL 32714 Full Service B&M $22,608
    Trustco Bank 9360 Narcoossee Road Orlando, FL 32827 Full Service B&M $7,574
    Trustco Bank 9400 Us Rt 17/92 Ste F Maitland, FL 32751 Full Service B&M $14,716
    Trustco Bank 945 South Lake Blvd Mahopac, NY 10541 Full Service B&M $6,131
    Trustco Bank 951 Se Federal Hwy Stuart, FL 34994 Full Service B&M $21,196
    Trustco Bank 959 Crane Street Schenectady, NY 12303 Full Service B&M $22,538
    Trustco Bank State Street And Fifth Avenue Troy, NY 12180 Full Service B&M $34,063
    Trustco Bank Western Avenue At Fuller Road Albany, NY 12203 Full Service B&M $118,931

    For 2020, Trustco Bank had 148 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $178,288
    Net interest income $153,481
    Total noninterest income $21,885
    Gross Fiduciary activities income $6,279
    Service charges on deposit accounts $4,420
    Trading account gains and fees $0
    Additional Noninterest Income $11,186
    Pre-tax net operating income $70,532
    Securities gains (or losses, -) $1,155
    Income before extraordinary items $54,135
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $54,135
    Minority interest net income $0
    Net income $54,135
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $53,222

    Trustco Bank's gross interest income from loans was $178,288,000.
    Trustco Bank's net interest income from loans was $153,481,000.
    Trustco Bank's fee based income from loans was $4,420,000.
    Trustco Bank's net income from loans was $54,135,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $24,807
    Provision for credit losses $5,600
    Total noninterest expense $99,234
    Salaries and employee benefits $44,418
    Premises and equipment expense $22,298
    Additional noninterest expense $32,518
    Applicable income taxes $17,552
    Net charge-offs $322
    Cash dividends $31,013

    Trustco Bank's interest expense for loans was $24,807,000.
    Trustco Bank's payroll and benefits expense were $44,418,000.
    Trustco Bank's property, plant and equipment expenses $22,298,000.

    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 $5,037,207
    Deposits held in domestic offices $5,037,207
    Deposits by Individuals, partnerships, and corporations $5,031,809
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $5,025
    Deposits by Commercial banks and other depository institutions in U.S. $372
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $721,943
    Demand deposits $653,080
    Nontransaction accounts $4,315,263
    Money market deposit accounts (MMDAs) $1,734,031
    Other savings deposits (excluding MMDAs) $1,285,501
    Total time deposits $1,295,730
    Total time and savings deposits $4,384,126
    Noninterest-bearing deposits $652,846
    Interest-bearing deposits $4,384,361
    Retail deposits $4,811,712
    IRAs and Keogh plan accounts $177,080
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $5,901,372
    Cash & Balances due from depository institutions $1,107,272
    Interest-bearing balances $1,059,903
    Total securities $452,860
    Federal funds sold & reverse repurchase $0
    Net loans and leases $4,194,876
    Loan and leases loss allowance $49,595
    Trading account assets $0
    Bank premises and fixed assets $82,297
    Other real estate owned $541
    Goodwill and other intangibles $553
    All other assets $62,973

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $5,901,372
    Total Liabilities $5,348,986
    Total deposits $5,037,207
    Interest-bearing deposits $4,384,361
    Deposits held in domestic offices $5,037,207
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $238,909
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $72,870

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $4,194,876
    Loan and leases loss allowance $49,595
    Total loans and leases (domestic) $4,244,471
    All real estate loans $4,189,803
    Real estate loans in domestic offices $4,189,803
    Construction and development loans $28,573
    Residential 1-4 family construction $20,787
    Other construction, all land development and other land $7,786
    Loans secured by nonfarm nonresidential properties $97,690
    Nonfarm nonresidential secured by owner-occupied properties $45,874
    Commercial real estate & other non-farm, non-residential $51,816
    Multifamily residential real estate $27,799
    1-4 family residential loans $4,035,741
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $45,093
    To non-U.S. addressees $0
    Loans to individuals $9,575
    Credit card loans $0
    Related Plans $934
    Consumer Auto Loans $4,954
    Other loans to individuals $3,687
    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 $11,720
    Non 1-4 family restructured loans & leases $345
    Total loans and leases (foreign) $0

    TrustCo Bank had $4,194,876,000 of loans outstanding in 2020. $4,189,803,000 of loans were in real estate loans. $28,573,000 of loans were in development loans. $27,799,000 of loans were in multifamily mortgage loans. $4,035,741,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $4,954,000 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 153 $39,968 $261,229
    Nonfarm, nonresidential loans - <$100k 22 $773 $35,136
    Nonfarm, nonresidential loans - $100-250k 53 $6,606 $124,642
    Nonfarm, nonresidential loans - $250k-1MM 78 $32,589 $417,808
    Commercial & Industrial, US addressed loans - <$1MM 716 $43,717 $61,057
    Commercial & Industrial, US addressed loans - <$100k 547 $15,275 $27,925
    Commercial & Industrial, US addressed loans - $100-250k 99 $10,956 $110,667
    Commercial & Industrial, US addressed loans - $250k-1MM 70 $17,486 $249,800