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TrustCo Bank
Bank|Glenville, NY|Regional
Loans Originated
854
Applications
1,467
Volume
$325 million
Offers loans directly to consumers
Overall Pricing
Exceptional
Overall Pull Through
Sound
Safe Rate Awards⭐Conventional Superstar⭐Jumbo Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.229%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,517
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
58.2%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Offers rates 22.90 basis points below market average
- Lower than average lender fees
- Particularly strong in Conventional and Jumbo loans
Report Card
TrustCo Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Exceptional | Market Leader | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Regional · 13 metro areas · 5 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$380,632
Average Borrower Income
$175,415
Average Property Value
$524,941
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Exceptional | Sound | 829 | 97.1% | -0.232% | $1,534 |
Jumbo Loans | Strong | Strong | Exceptional | Sound | 25 | 2.9% | -0.144% | $888 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Exceptional | Sound | 765 | 89.6% | -0.225% | $1,533 |
Refinance | Strong | Strong | Exceptional | Sound | 89 | 10.4% | -0.266% | $1,388 |
Geographic Coverage
Metro Areas
12
States Served
5
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
FLMANJNYVT
Top Metro Areas by Place Specialization Score
1
Albany, NYMSA
Volume: 351Mix: 41.10%
Place Specialization
Exceptional
2
Tampa, FL, FLMSA
Volume: 95Mix: 11.12%
Place Specialization
Strong
3
Orlando, FLMSA
Volume: 87Mix: 10.19%
Place Specialization
Strong
4
Glens Falls, NY, NYMSA
Volume: 33Mix: 3.86%
Place Specialization
Strong
5
New York, NY-NJMSA
Volume: 72Mix: 8.43%
Place Specialization
Strong
6
North Port, FLMSA
Volume: 42Mix: 4.92%
Place Specialization
Strong
7
Deltona, FLMSA
Volume: 30Mix: 3.51%
Place Specialization
Sound
8
Kiryas Joel, NYMSA
Volume: 24Mix: 2.81%
Place Specialization
Sound
9
Punta Gorda, FL, FLMSA
Volume: 17Mix: 1.99%
Place Specialization
Sound
10
Palm Bay, FLMSA
Volume: 18Mix: 2.11%
Place Specialization
Sound
Showing 10 of 12 metro areas
Top States by Place Specialization Score
1
NYState
Volume: 493Mix: 57.73%
Place Specialization
Exceptional
2
FLState
Volume: 341Mix: 39.93%
Place Specialization
Strong
3
NJState
Volume: 14Mix: 1.64%
Place Specialization
Sound
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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