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Trustco Bank

Glenville, NY · Cert 31945 · Trustco Bank Corp. NY

State savings bank · OCC · 132 branches

Q2 2026

$6.5BAssets
$5.4BLoans
$5.7BDeposits
$555.8MEquity
Loan mix
99%RE $5.3B0%C&I $0.0B0%Consumer $0.0BQ3 2024Q2 2026
Deposit mix
85%Interest-bearing $4.9B15%Noninterest $0.8BQ3 2024Q2 2026

Market Position · Albany-Schenectady-Troy, NY · 2026 SOD (annual) · 11.7% share · #2 of 19 inst. · $3.7B of $31.2B

7.2% Albany
35.0% Schenectady
11.2% Saratoga
14.2% Rensselaer

Executive Summary

  • Earnings: ROA of 1.05%, up 9 bps year over year; NIM at 2.77%.
  • Asset quality: problem loans at 0.40% of loans (+6 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 8.38%, down 223 bps from a year ago.
  • Funding: loans stand at 94.64% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

1.05%+9 bps YoY

Net Interest Margin (quarter, annualized)

2.77%+11 bps YoY

Efficiency Ratio (quarter, annualized)

55.54%-22 bps YoY

Tier 1 Leverage Ratio

8.38%-223 bps YoY

NIM

3.93%Q2 ’244.11%Q2 ’254.14%Q2 ’26+8%+4%

Non-interest income vs. expense

1.71%Q2 ’241.66%Q2 ’251.72%Q2 ’26+1%+4%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.85%0.74%0.92%0.97%1.03%0.98%1.02%1.05%+9 bps
Return on Equity8.19%7.08%8.82%9.23%9.76%10.43%12.39%12.51%+328 bps
Net Interest Margin2.54%2.52%2.58%2.66%2.73%2.76%2.75%2.77%+11 bps
Efficiency Ratio61.74%64.96%57.86%55.76%54.79%55.46%54.03%55.54%-22 bps
Non-Interest Burden1.47%1.52%1.35%1.33%1.35%1.39%1.34%1.39%+6 bps
Growth
Asset Growth (YoY)0.91%1.17%2.57%3.95%3.92%3.22%2.68%2.78%-118 bps
Loan Growth (YoY)2.18%1.90%2.19%2.34%2.37%3.01%3.40%4.28%+194 bps
Deposit Growth (YoY)0.57%0.75%2.64%4.04%4.12%3.09%2.83%3.48%-56 bps
Asset Quality
Nonperforming Loans / Loans0.38%0.37%0.37%0.35%0.36%0.39%0.41%0.40%+6 bps
Net Charge-Offs / Loans0.02%0.01%-0.02%0.00%-0.01%0.00%0.00%-0.01%-1 bps
Allowance / Loans0.98%0.99%0.99%0.99%1.00%0.99%1.00%1.01%+1 bps
Allowance Coverage of NPLs2.6x2.7x2.7x2.9x2.8x2.5x2.5x2.5x-0.4x
Capital
Tier 1 Leverage Ratio10.70%10.58%10.54%10.61%10.66%8.13%8.24%8.38%-223 bps
Total Risk-Based Capital19.80%19.79%19.91%19.90%19.92%15.23%15.51%15.73%-417 bps
Equity / Assets10.53%10.41%10.40%10.53%10.64%8.14%8.29%8.52%-201 bps
Liquidity & Funding
Loans / Deposits96.34%94.58%93.08%93.92%94.72%94.51%93.59%94.64%+72 bps
Liquid Assets / Assets7.84%9.61%11.24%10.61%10.37%10.62%11.20%10.05%-55 bps
CRE / Total Capitaln/an/an/an/a33.20%43.55%42.87%n/an/a