TrustCo Bank Corp. NY (NASDAQ:TRST) Q1 2018 Earnings Conference Call Transcript
Apr 24, 2018 • 09:00 am ET
$24.9 million at March 31 versus $26.4 million last year. This equates to 0.68% of total loans.
Non-performing assets showed a similar improvement, declining from $29.6 million last year to $27 million in March. Charge-offs remained very low and for the first quarter, the net charge-off total of $90,000 equals an annualized ratio of only 0.01%. The coverage ratio allowance for loan losses to non-performing loans stands at 178% as of March 31 compared to 167% as of March 2017. Rob?
Robert J. McCormick
Thanks, Scot. We're happy to answer any questions you may have.