TrustCo Bank
Glenville, New York, Schenectady County
$6.5B in total assets, the 244th largest of 4,309 US banks and 27th of 126 headquartered in New York.
- FDIC certificate
- 31945
- Established
- 1925
- Owned by
- Trustco Bank Corp Ny
- Primary regulator
- OCC
- Website
- www.trustcobank.com
At a glance
Compared with 44 banks headquartered in New York with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $6.5B | 86% | $2.4B | |
| Loans | $5.4B | 96% | $1.9B | |
| Deposits | $5.7B | 89% | $2.0B | |
| Return on assets | 1.02% | 48% | 1.06% | |
| Net interest margin | 2.87% | 22% | 3.53% | |
| Efficiency ratio | 54.8% | 40% | 59.5% | |
| Equity to assets | 8.52% | 8% | 10.05% | |
| Loans to deposits | 95% | 77% | 86% |
Growth
Total assets grew 1.3% a year over the last 5 years and 3.0% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Nov 2002 | Trustco Bank, National Association Glenville, NY, an affiliate under the same holding company | $2.6B |
Where they operate
132 branches in 33 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Albany County, NY | $1.3B | 7.2% | 5 of 17 |
| Schenectady County, NY | $1.2B | 35.0% | 1 of 13 |
| Saratoga County, NY | $756M | 11.2% | 4 of 15 |
| Rensselaer County, NY | $379M | 14.2% | 3 of 12 |
| Orange County, FL | $282M | 0.6% | 19 of 40 |
| Westchester County, NY | $194M | 0.1% | 23 of 31 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 14 branches since 2016 (146 to 132, −9.6%). 7 opened, 0 acquired, 21 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 146 | |||
| 2016 | Closed Schenectady | 0 | 1 | −1 | 145 |
| 2017 | Opened Mahopac | 1 | 0 | +1 | 146 |
| 2018 | Opened Vero Beach and Winter Park | 2 | 0 | +2 | 148 |
| 2021 | Opened Palm CoastClosed Orlando and Pittsfield | 1 | 2 | −1 | 147 |
| 2022 | Opened LoudonvilleClosed 5 in 2 states | 1 | 5 | −4 | 143 |
| 2023 | Opened Saratoga Springs and SlingerlandsClosed 5 in 2 states | 2 | 5 | −3 | 140 |
| 2024 | Closed 4 in 3 states | 0 | 4 | −4 | 136 |
| 2025 | Closed Highland and Orlando | 0 | 2 | −2 | 134 |
| 2026 through Q2 | Closed Apollo Beach and Mount Kisco | 0 | 2 | −2 | 132 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 95% | 24% | |
| Commercial real estate | 3% | 28% | |
| Construction and land | 1% | 5% | |
| Multifamily | 1% | 12% | |
| Business (C&I) | 0% | 20% | |
| Consumer | 0% | 5% | |
| Other | 0% | 6% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 46% | 54% | |
| Time deposits | 40% | 27% | |
| Noninterest-bearing | 15% | 19% |
Brokered deposits are 0.0% of deposits (peers 3.9%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.40% | 0.72% |
| Net charge-offs, annualized | -0.00% | 0.03% |
| Reserves to loans | 1.01% | 1.00% |
| Leverage ratio | 8.38% | 10.24% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in New York
Largest competitors in Albany County, NY
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/trustco