TrustCo Bank
TrustCo Bank reported total assets of $6.5 bn at Q2 2026, up 2.8% on a year earlier, the 234th largest of 497 banks in our US coverage. The CET1 capital ratio at TrustCo Bank was 14.48%, and the uninsured share of TrustCo Bank was 21.99%. Source: FDIC Call Reports.
Key takeaways
- On return on equity (ROE), TrustCo Bank climbed from 344th to 238th among 500 US banks between and (1 = highest; FDIC Call Reports).
- TrustCo Bank reports one of the lowest tier 1 leverage ratio readings among banks of $1 bn to $10 bn: 8.38% at , where the median of the 339 banks is 10.45% (FDIC Call Reports).
- Over the year to , the bank equity capital of TrustCo Bank fell by 16.8% to $555.8 mn, one of the largest falls among covered banks (FDIC Call Reports).
What sets TrustCo Bank apart
- The net charge-offs to average loans of TrustCo Bank, 0.00% at , places TrustCo Bank in the bottom tenth of banks of $1 bn to $10 bn (group median 0.06%).
How large is TrustCo Bank?
The balance sheet of TrustCo Bank at : assets $6.5 bn, deposits $5.7 bn, net loans $5.3 bn (loans equal to 93.69% of deposits). Securities make up 4.7% of total assets at TrustCo Bank. Since , when TrustCo Bank held $4.8 bn, its assets grew 36.9%. In the year to , deposits at TrustCo Bank rose 3.5% while its total assets rose 2.8%. At , TrustCo Bank employed 741 full-time equivalent staff across 133 offices, about $8.8 mn of assets per employee and $42.7 mn of deposits per office.
How much funding at TrustCo Bank is uninsured?
At TrustCo Bank, uninsured deposits (above the FDIC limit) made up 21.99% of domestic deposits at (+1.47 pp on a year earlier); TrustCo Bank ranks 396th of 500 on this measure. In dollars, TrustCo Bank estimated $1.2 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $5.7 bn | +3.5% | 218th of 499 |
| Net loans and leases | $5.3 bn | +4.3% | 199th of 500 |
| Loan-to-deposit ratio | 93.69% | +0.70 pp | 137th of 500 |
| Tier 1 leverage ratio | 8.38% | -2.23 pp | 461st of 500 |
| Total risk-based capital ratio | 15.73% | -4.17 pp | 131st of 448 |
| Net interest margin | 2.87% | +0.17 pp | 427th of 500 |
| Return on assets (ROA) | 1.04% | +0.09 pp | 371st of 500 |
| Efficiency ratio | 54.79% | -2.00 pp | 225th of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Gain of $25,000 | Rose by $17,000 | |
| Unrealized gain/loss on available-for-sale securities | Loss of $18.9 mn | Narrowed by $1.9 mn | |
| Noncurrent loans to total loans | 0.40% | +0.06 pp | 151st of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.00% | +0.01 pp | 33rd of 500 (1 = lowest) |
US rank of TrustCo Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
TrustCo Bank: assets, deposits and loans
- Total assets $6.5bn
- Deposits $5.7bn
- Net loans $5.3bn
Capital and securities
The CET1 ratio of TrustCo Bank stood at 14.48% in , -4.17 pp year on year. Low and high at TrustCo Bank since : 13.98% () to 18.95% (). Equity capital of TrustCo Bank at : $555.8 mn, or 8.5% of total assets. TrustCo Bank also reported a total capital ratio of 15.73% for , and a tier 1 leverage ratio of 8.38%.
On held-to-maturity securities, TrustCo Bank carried an unrealized gain of $25,000 at , equal to 0.0% of equity capital. The gain rose by $17,000 over the year. Its deepest point: $281,000 in . The available-for-sale portfolio of TrustCo Bank showed an unrealized loss of $18.9 mn at ; the loss narrowed by $1.9 mn over the year.
TrustCo Bank: capital ratios
- Total capital 16%
- CET1 14%
- Tier 1 leverage 8.4%
TrustCo Bank: unrealized securities gains and losses
- Available for sale -$19mn
- Held to maturity $25,000
Profitability and loan quality
For the year to , TrustCo Bank earned a return on equity of 12.45%; return on assets: 1.04%. Net interest margin at TrustCo Bank: 2.87%, +0.17 pp in a year. TrustCo Bank net income: $33.6 mn, up 12.9% year on year. The efficiency ratio of TrustCo Bank was 54.79%: about 55 cents cost per revenue dollar, against 54 cents at the median peer.
At , noncurrent loans were 0.40% of total loans at TrustCo Bank; net charge-offs: 0.00% of average loans. Gross loans and leases at TrustCo Bank: $5.4 bn, up 4.3% in a year.
TrustCo Bank: profitability
- Return on equity 12%
- Net interest margin 2.9%
- Return on assets 1.0%
Peer group of TrustCo Bank
The peer group of TrustCo Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of TrustCo Bank (federal savings bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in New York. Against them, TrustCo Bank shows CET1 ratio 14.48% against a peer median of 12.22%, return on equity 12.45% against a peer median of 10.93% and uninsured deposit share 21.99% against a peer median of 26.77%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| SMBC MANUBANK | State nonmember bank | CA | $6.6 bn | 23.92% | -32.51% | 79.00% | |
| The Washington Trust Company, of Westerly | State nonmember bank | RI | $6.6 bn | 12.22% | 10.44% | 27.07% | |
| Horizon Bank | State nonmember bank | IN | $6.5 bn | 12.60% | 14.53% | 26.21% | |
| TrustCo Bank | Federal savings bank | NY | $6.5 bn | 14.48% | 12.45% | 21.99% | |
| United Fidelity Bank, fsb | Federal savings bank | IN | $6.5 bn | 11.08% | -0.86% | 18.30% | |
| Choice Financial Group | State nonmember bank | ND | $6.4 bn | not reported | 11.42% | 26.47% | |
| Northbrook Bank and Trust Company | National bank | IL | $6.4 bn | 11.16% | 17.31% | 39.70% | |
. FDIC Call Reports.
Last eight quarters
Two years at TrustCo Bank, to : assets +6.8%, deposits +7.9%, equity -13.6%. Staff 735 to 741; offices 138 to 133.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $6.1 bn | $6.2 bn | $6.3 bn | $6.3 bn | $6.3 bn | $6.4 bn | $6.5 bn | $6.5 bn |
| Total deposits | $5.3 bn | $5.4 bn | $5.5 bn | $5.5 bn | $5.5 bn | $5.6 bn | $5.7 bn | $5.7 bn |
| Bank equity capital | $643.4 mn | $649.4 mn | $659.3 mn | $668.3 mn | $675.8 mn | $524.3 mn | $539.5 mn | $555.8 mn |
| CET1 ratio | 18.55% | 18.54% | 18.66% | 18.65% | 18.67% | 13.98% | 14.26% | 14.48% |
| Return on equity (ROE) | 8.07% | 7.82% | 8.82% | 9.03% | 9.28% | 9.73% | 12.39% | 12.45% |
| Uninsured share of domestic deposits | 20.02% | 20.60% | 21.06% | 20.52% | 23.97% | 21.93% | 21.75% | 21.99% |
| Full-time equivalent employees | 735 | 737 | 740 | 732 | 738 | 743 | 745 | 741 |
| Number of offices | 138 | 137 | 137 | 137 | 137 | 135 | 134 | 133 |
FDIC Call Reports.
Mergers and acquisitions
No merger or acquisition by TrustCo Bank appears in the FDIC history since , and its total assets never moved more than 25% in one quarter.
Questions and identifiers
What were the total assets of TrustCo Bank?
TrustCo Bank reported $6.5 bn at in its Call Report. That makes TrustCo Bank the 234th largest of 497 banks in our US coverage.
Is TrustCo Bank the same as its holding company?
No. This page covers TrustCo Bank, FDIC certificate 31945; TRUSTCO BANK CORP NY (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is TrustCo Bank profitable?
TrustCo Bank reported net income of $33.6 mn for the year to ; annualized return on equity: 12.45%. So yes: TrustCo Bank made a profit over these months.
When is data for TrustCo Bank next updated?
Figures from TrustCo Bank for are due after .
Where can I check the figures for TrustCo Bank?
In the FDIC BankFind Suite record for certificate 31945, and in the Call Reports of TrustCo Bank (RSSD ID 677176) at the FFIEC Central Data Repository.