Parent Company Only

12 Months Ended

Dec. 31, 2011

Parent Company Only [Abstract]

Parent Company Only

(17) Parent Company Only

The following statements pertain to TrustCo Bank Corp NY (Parent Company):

Statements of Income
(dollars in thousands)				Years Ended December 31,
Income:	2011			2010			2009
Dividends and interest from subsidiaries	$	19,635			14,128			13,771
Net gain on sales of securities		45			-			-
Income from other investments		1			3			1
Total income		19,681			14,131			13,772
Expense:
Operating supplies		86			81			66
Professional services		362			599			366
Miscellaneous expense		555			329			417
Total expense		1,003			1,009			849
Income before income taxes and subsidiaries'undistributed earnings		18,678			13,122			12,923
Income tax benefit		(174	)		(343	)		(228	)
Income before subsidiaries'undistributed earnings		18,852			13,465			13,151
Equity in undistributed earnings of subsidiaries		14,235			15,856			14,969
Net income	$	33,087			29,321			28,120

Statements of Condition
(dollars in thousands)	December 31,
Assets:	2011		2010
Cash in subsidiary bank	$	10,663		9,339
Investments in subsidiaries		333,822		246,502
Securities available for sale		10		317
Other assets		269		30
Total assets		344,764		256,188
Liabilities and shareholders' equity:
Accrued expenses and other liabilities		6,248		748
Total liabilities		6,248		748
Shareholders' equity		338,516		255,440
Total liabilities and shareholders'equity	$	344,764		256,188

Statements of Cash Flows
(dollars in thousands)				Years Ended December 31,
	2011			2010			2009
Increase/(decrease) in cash and cash equivalents:
Cash flows from operating activities:
Net income	$	33,087			29,321			28,120
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiaries		(14,235	)		(15,856	)		(14,969	)
Stock based compensation expense		287			176			214
Net gain on sales of securities		(45	)		-			-
Net change in other assets and accrued expenses		(232	)		(310	)		(209	)
Total adjustments		(14,225	)		(15,990	)		(14,964	)
Net cash provided by operating activities		18,862			13,331			13,156
Cash flows from investing activities:
Proceeds from sale of securities available for sale		372			-			-
Investment in bank subsidiary		(67,000	)		-			-
Purchases of securities available for sale		(68	)		-			-
Net cash provided by investing activities		(66,696	)		-			-
Cash flows from financing activities:
Dividends paid		(21,320	)		(19,447	)		(26,313	)
Net proceeds from common stock offering		67,578			-			-
Proceeds from sales of treasury stock		2,900			2,833			3,909
Net cash used in financing activities		49,158			(16,614	)		(22,404	)
Net (decrease) increase in cash and cash equivalents		1,324			(3,283	)		(9,248	)
Cash and cash equivalents at beginning of year		9,339			12,622			21,870
Cash and cash equivalents at end of year	$	10,663			9,339			12,622