TRUSTCO Bank Corp NY ANNUAL 2009REPORT Trustco Continues to Expand
TRUSTCO Bank Corp NY ANNUAL 2009REPORT Trustco Continues to Expand... Recent Openings NEW YORK VERMONT NEW JERSEY MASSACHUSETTS BRUNSWICK Rensselaer County HARTSDALE Westchester County NYACK Rockland County FLORIDA BRADENTON Manatee County CEDAR CREEK Seminole County DOWNTOWN ORLANDO Orange County WINDERMERE Orange County TrustCo Bank Corp NY (the “Company,” “TrustCo” or the “Bank”) is a savings and loan holding company headquartered in Glenville, New York. The Company is the largest financial services company headquartered in the Capital Region of New York State and its principal subsidiary, Trustco Bank, operates 132 community banking offices and 134 Automatic Teller Machines throughout the Bank’s market areas. The Company serves 5 states and 28 counties with a broad range of community banking services. Financial Highlights (dollars in thousands, except per share data) Years ended December 31, Percent 2009 2008 Change Income: Net interest income (Taxable Equivalent) ........................... $ 114,029 99,540 14.56% Net Income ................................................... 28,120 34,077 (17.48) Per Share: Basic earnings ................................................ 0.368 0.450 (18.22) Diluted earnings ............................................... 0.368 0.450 (18.22) Tangible book value ............................................ 3.20 3.10 3.23 Average Balances: Assets ....................................................... 3,555,981 3,421,914 3.92 Loans, net .................................................... 2,203,683
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