Trustco Bank, National Association in Glenville, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 15, 2002

  • Trustco Bank, National Association in Glenville, New York (NY)
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Trustco Bank, National Association - Overview

  • General
  • FDIC Certificate #: 662
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: TrustCo Bank (#31945)
    Federal Reserve ID: 620211
    Date Established: June 02, 1902
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 59 (Interstate: No)
    OTS Docket #: 11556
    FDIC's unique #: 433
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 15, 2002
    Last Structure Change Process Date: December 12, 2002
    Last Data Update: December 12, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 1 Sarnowski Drive, Glenville, NY 12302
    County: Schenectady
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Syracuse
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Albany-Schenectady-Troy, NY (#160)
    Combined Statistical Area (CSA): Albany-Schenectady-Amsterdam, NY (#104)
    Core Based Statistical Area (CBSA): Albany-Schenectady-Troy, NY (#10580)
    CBSA Metro Statistical Area: Albany-Schenectady-Troy, NY (#10580)
  • Financial Summary
  • Total assets: $2,634.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2001)

  • Dollar figures in thousands
  • 465Total employees (full-time equivalent)
  • $2,528,227Total assets
  • $59,223Cash and due from depository institutions
  • $310Interest-bearing balances
  • $535,221Securities
  • $323,000Federal funds sold & reverse repurchase agreements
  • $1,486,461Net loans & leases
  • $56,335Loan loss allowance
  • $0Trading account assets
  • $17,943Bank premises and fixed assets
  • $603Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $105,776All other assets
  • $2,528,227Total liabilities and capital
  • $2,370,888Total liabilities
  • $2,080,482Total deposits
  • $1,886,089Interest-bearing deposits
  • $2,080,482Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $231,975Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $58,431All other liabilities
  • $157,339Total equity capital
  • $157,339Total bank equity capital
  • $157,339Perpetual preferred stock
  • $0Common stock
  • $29,411Surplus
  • $29,618Undivided profits
  • Memoranda
  • $98,310Noncurrent loans and leases
  • $237,591Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,787Earning assets
  • $0Long-term assets (5+ years)
  • $6,127Average Assets, year-to-date
  • $2,344,992Average Assets, quarterly
  • $1,656,235Volatile liabilities
  • $2,454,801Insider loans
  • $2,500,426FHLB advances
  • $359,828Loans and leases held for sale
  • $6,430Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $237,591Total unused commitments
  • $0Restructured Loans and leases
  • $16,947Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $165,989Total interest income
  • $72,103Total interest expense
  • $93,886Net interest income
  • $4,240Provision for loan and lease losses
  • $22,517Total noninterest income
  • $7,758Fiduciary activities
  • $6,551Service charges on deposit accounts
  • $0Trading account gains & fees
  • $8,208Additional noninterest income
  • $51,628Total noninterest expense
  • $25,737Salaries and employee benefits
  • $10,341Premises and equipment expense
  • $15,550Additional noninterest expense
  • $60,535Pre-tax net operating income
  • $2,068Securities gains (losses)
  • $18,941Applicable income taxes
  • $43,662Income before extraordinary items
  • $0Extraordinary gains - net
  • $43,662Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3,881Sale, conversion, retirement of capital stock, net
  • $38,063Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.26%Yield on earning assets
  • 3.16%Cost of funding earning assets
  • 4.11%Net interest margin
  • 0.99%Noninterest income to earning assets
  • 2.26%Noninterest expense to earning assets
  • 1.72%Net operating income to assets
  • 1.78%Return on assets (ROA)
  • 2.55%Pretax return on assets
  • 27.83%Return on equity (ROE)
  • 3.57%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 109.25%Credit loss provision to net charge-offs
  • 16.69%Efficiency ratio
  • 44,353Assets per employee
  • 5.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 87.18%Loss allowance to loans
  • 3.65%Loss allowance to noncurrent loans
  • 3152.49%Noncurrent assets plus other real estate owned to assets
  • 0.09%Noncurrent loans to loans
  • 0.12%Net loans and leases to deposits
  • 71.45%Net loans and leases to core deposits
  • 76.13%Equity capital to assets
  • 6.22%Core capital (leverage) ratio
  • 6.07%Tier 1 risk-based capital ratio
  • 11.47%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $2,454,801Average earning assets
  • $156,860Average equity
  • $2,285,274Average loans

Total Fiduciary and Related Assets (December 31, 2001)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $976,860Managed Assets
  • 1Number of Accounts
  • $936,393Personal trust and agency accounts
  • $464,274Employee benefit-defined contribution accounts
  • $64,795Employee benefit-defined benefit accounts
  • $101,388Other retirement accounts
  • $26,776Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $279,160Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1192Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $40,467Other retirement accounts
  • $17,712Corporate trust and agency accounts
  • $22,755Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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