Welcome to the
2008 Annual Meeting
Shareholder Assembly Agenda
•Stock Performance
•Dividend Strategy
•2007 Review
•Expansion Plans
•Some Things To Be Proud Of
•Questions and Answers
While our stock declined on a total return basis in 2007, we compare
quite favorably to local competitors and national peer groups
One Year Total Return on TrustCo Shares vs. Competitors
Through December 31, 2007
Three Year Total Return on TrustCo Shares vs. Competitors
Through December 31, 2007
Five Year Total Return on TrustCo Shares vs. Competitors
Through December 31, 2007
15 Year Total Return Performance
Dividend Strategy
• Long Term Approach
• Capital Needed to Support Growth
• Excess Capital Should Be Returned To
Shareholders
Shareholders
Total Net Income and
Dividends Paid
Dividends Paid
2003 - - 2007
Net Income = $253.4 million
Dividends Paid = $230.8 Million
Dividend Payout Ratio
TrustCo vs. Competitors
2007 Dividend Payout Ratio
Dividend Yield
TrustCo vs. Competitors
(as of 5/7/2008)
Total Deposits
Deposits are up 25% since 2003, including 8% in 2007
Total Loans
Loans are up 71% since 2003, including 10% growth in 2007
Sub-Prime Loans
•TrustCo Investment = $ 0.00
Extremely Strong Reserves to Loans
Our Staying Power In This Very Difficult Environment Is Superior
Non-performing Assets To Total Assets
In-line With Locals And Much Better Than National Peers
Efficiency Ratio
Efficiency Ratio
TrustCo vs. Competitors
TrustCo Net Interest Margin
Return on Average Assets
Our Profitability Remains Strong
Return on Average Assets
TrustCo vs. Competitors
Profitability Remains Above Local And National Peers
Return on Average Equity
TrustCo vs. Competitors
TrustCo vs. Competitors
Profitability Remains Above Local And National Peers
Managed Assets Per Employee
Deposits per Employee
TrustCo vs. Competitors
CEO Cash Compensation vs. Stock Price
Expansion Plans
•New Branches
•Growth
Continuing to Expand
Number of Offices
Number of Offices
Branches Pending
Florida Downstate Upstate New Jersey
16 4 1 1
Branches Opened in 2007
Allendale, Apopka, Ardsley, Bronxville, Crestwood Plaza,
Curry Ford Road West, Goldenrod Road, Great Barrington,
Lake Square, Lee, Lee Road, Monroe, Mt. Kisco,
Peekskill, Schaghticoke, Winterhaven.
STRATEGY PAYOFF
Percentage of Total Deposit Growth
Since 12/31/2005
SOME THINGS TO
BE PROUD OF:
BE PROUD OF:
WMHT Auction
Honors Received
US Banker - - Top 200 Mid-Tier Banks
Top 10 for the last four years
SNL Financial - Top 100 Thrifts
Top 15 last two years
Bank Director - Top 150 Performers
Top 20 in 2007
2008 Annual Meeting
Questions and Answers
2008 Annual Meeting
Thank You for Attending