2022 Q4 Form 10-Q Financial Statement

#000114036122040299 Filed on November 07, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $49.04M $41.66M
YoY Change 17.71%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.010M $1.034M $1.100M
YoY Change 1.0% -6.0% 10.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.248M $1.775M
YoY Change -29.69%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $27.51M $25.74M $22.29M
YoY Change 27.17% 15.46% 18.37%
Income Tax $6.596M $6.371M $5.520M
% Of Pretax Income 23.98% 24.76% 24.76%
Net Earnings $20.91M $19.36M $16.76M
YoY Change 28.76% 15.52% 19.12%
Net Earnings / Revenue 39.49% 40.23%
Basic Earnings Per Share $1.01 $0.87
Diluted Earnings Per Share $1.098M $1.013M $0.87
COMMON SHARES
Basic Shares Outstanding 19.05M 19.13M 19.25M
Diluted Shares Outstanding 19.11M 19.25M

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $650.6M $841.3M $1.193B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $77.28M $77.66M $79.10M
YoY Change 134.0% -1.82% -3.06%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $6.000B $6.079B $6.135B
YoY Change -3.17% -0.9% 6.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $84.56M $83.70M $76.40M
YoY Change 2.37% 9.56% -7.84%
Deferred Revenue
YoY Change
Short-Term Debt $122.7M $124.9M $230.8M
YoY Change -49.85% -45.87% 19.28%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $84.56M $83.70M $76.40M
YoY Change 2.37% 9.56% -7.84%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $84.56M $83.70M $76.40M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $5.400B $5.490B $5.548B
YoY Change -3.49% -1.04% 7.2%
SHAREHOLDERS EQUITY
Retained Earnings $393.8M $379.8M
YoY Change 12.83%
Common Stock $277.1M $276.7M
YoY Change 0.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $600.0M $589.0M $586.7M
YoY Change
Total Liabilities & Shareholders Equity $6.000B $6.079B $6.135B
YoY Change -3.17% -0.9% 6.95%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income $20.91M $19.36M $16.76M
YoY Change 28.76% 15.52% 19.12%
Depreciation, Depletion And Amortization $1.010M $1.034M $1.100M
YoY Change 1.0% -6.0% 10.0%
Cash From Operating Activities $22.81M $22.82M $16.40M
YoY Change 101.86% 39.16% -16.33%
INVESTING ACTIVITIES
Capital Expenditures $1.635M -$584.0K -$600.0K
YoY Change -304.38% -2.67% -57.14%
Acquisitions
YoY Change
Other Investing Activities -$112.6M -$80.62M -$200.0K
YoY Change 499.07% 40209.5% -99.66%
Cash From Investing Activities -$114.3M -$81.20M -$800.0K
YoY Change 480.01% 10050.38% -98.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -99.21M -146.5M -4.700M
YoY Change -386.75% 3017.87% -110.83%
NET CHANGE
Cash From Operating Activities 22.81M 22.82M 16.40M
Cash From Investing Activities -114.3M -81.20M -800.0K
Cash From Financing Activities -99.21M -146.5M -4.700M
Net Change In Cash -190.7M -204.9M 10.90M
YoY Change -827.73% -1980.0% 202.78%
FREE CASH FLOW
Cash From Operating Activities $22.81M $22.82M $16.40M
Capital Expenditures $1.635M -$584.0K -$600.0K
Free Cash Flow $21.18M $23.41M $17.00M
YoY Change 75.0% 37.69% -19.05%

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5043000
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5018000
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754000
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OtherNonInterestIncome
197000
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OtherNonInterestIncome
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OtherNonInterestIncome
956000
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OtherNonInterestIncome
513000
CY2022Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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517602000
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468219000
CY2022Q3 us-gaap Noninterest Income
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4386000
CY2021Q3 us-gaap Noninterest Income
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4295000
CY2021Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
442000
CY2022Q3 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
275000
CY2021Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
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1000
CY2021Q3 trst Held To Maturity Securities Sales And Transferred Security
HeldToMaturitySecuritiesSalesAndTransferredSecurity
0
CY2022Q3 trst Held To Maturity Securities Sales And Transferred Security
HeldToMaturitySecuritiesSalesAndTransferredSecurity
0
CY2022Q3 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
0
CY2022Q3 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
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CY2021Q3 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0
CY2022Q3 trst Proceeds From Calls Paydowns Of Available For Sale Securities
ProceedsFromCallsPaydownsOfAvailableForSaleSecurities
14376000
CY2021Q3 trst Proceeds From Calls Paydowns Of Available For Sale Securities
ProceedsFromCallsPaydownsOfAvailableForSaleSecurities
47100000
CY2022Q3 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
5000000
CY2021Q3 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
3500000
CY2022Q3 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
0
CY2021Q3 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
0
CY2022Q3 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
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CY2021Q3 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
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us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0
trst Proceeds From Calls Paydowns Of Available For Sale Securities
ProceedsFromCallsPaydownsOfAvailableForSaleSecurities
57714000
trst Proceeds From Calls Paydowns Of Available For Sale Securities
ProceedsFromCallsPaydownsOfAvailableForSaleSecurities
123550000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
15050000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
8555000
us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
0
us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
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DebtSecuritiesAvailableForSaleRealizedLoss
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us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
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us-gaap Debt Securities Available For Sale Transfer To Trading Gain Loss
DebtSecuritiesAvailableForSaleTransferToTradingGainLoss
0
CY2022Q3 us-gaap Debt Securities Available For Sale Transfer To Trading Gain Loss
DebtSecuritiesAvailableForSaleTransferToTradingGainLoss
0
us-gaap Debt Securities Available For Sale Transfer To Trading Gain Loss
DebtSecuritiesAvailableForSaleTransferToTradingGainLoss
0
CY2021Q3 us-gaap Debt Securities Available For Sale Transfer To Trading Gain Loss
DebtSecuritiesAvailableForSaleTransferToTradingGainLoss
0
CY2022Q3 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
8091000
CY2022Q3 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
122000
CY2022Q3 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
275000
CY2022Q3 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
7938000
CY2021Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
9923000
CY2021Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
773000
CY2021Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
1000
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10695000
CY2022Q3 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
8091000
CY2022Q3 us-gaap Held To Maturity Securities Fair Value
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7938000
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3700000
CY2022Q3 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
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0
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0
us-gaap Noninterest Income
NoninterestIncome
14485000
us-gaap Noninterest Income
NoninterestIncome
13411000
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0
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P9Y
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NotesReceivableGross
4629491000
CY2021Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
4438779000
CY2021 trst Number Of Days Past Due
NumberOfDaysPastDue
P90D
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NumberOfDaysPastDue
P90D
CY2021Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0
CY2022Q3 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0
CY2022Q3 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
682000
CY2021Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
362000
CY2022Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
18672000
CY2022Q3 trst Other Real Estate Mortgage Loans
OtherRealEstateMortgageLoans
12000
CY2022Q3 trst Financing Receivable Recorded Investment Nonaccrual Status And Other Nonperforming Real Estate Mortgages
FinancingReceivableRecordedInvestmentNonaccrualStatusAndOtherNonperformingRealEstateMortgages
18684000
CY2021Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
18739000
CY2021Q4 trst Other Real Estate Mortgage Loans
OtherRealEstateMortgageLoans
17000
CY2021Q4 trst Financing Receivable Recorded Investment Nonaccrual Status And Other Nonperforming Real Estate Mortgages
FinancingReceivableRecordedInvestmentNonaccrualStatusAndOtherNonperformingRealEstateMortgages
18756000
CY2022Q3 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
17136000
CY2022Q3 trst Financing Receivable Nonaccrual With Allowance For Credit Loss
FinancingReceivableNonaccrualWithAllowanceForCreditLoss
1536000
CY2022Q3 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0
CY2022Q3 trst Financing Receivable Nonaccrual With Allowance For Credit Loss
FinancingReceivableNonaccrualWithAllowanceForCreditLoss
1500000
CY2022Q3 trst Tdr S Classifications From Previously Performing Loans
TdrSClassificationsFromPreviouslyPerformingLoans
9300000
trst Number Of Days Past Due Loan Considered In Payment Default
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P30D
CY2021Q4 us-gaap Impaired Financing Receivable Recorded Investment
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18504000
CY2021Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
18871000
CY2021Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
0
CY2021 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
20753000
CY2021Q4 trst Impaired Loans Included In Classified Loans
ImpairedLoansIncludedInClassifiedLoans
226000
us-gaap Real Estate Owned Valuation Allowance Amounts Applied
RealEstateOwnedValuationAllowanceAmountsApplied
0
CY2022Q3 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
26500000
CY2022Q3 trst Collateral Dependent Impaired Financing Receivable Recorded Investment
CollateralDependentImpairedFinancingReceivableRecordedInvestment
0
CY2022Q3 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
0
CY2021 trst Gross Charge Offs Residential Impaired Loans
GrossChargeOffsResidentialImpairedLoans
0
trst Gross Charge Offs Residential Impaired Loans
GrossChargeOffsResidentialImpairedLoans
0
CY2022Q3 trst Gross Charge Offs Residential Impaired Loans
GrossChargeOffsResidentialImpairedLoans
0
CY2021 us-gaap Real Estate Owned Valuation Allowance Amounts Applied
RealEstateOwnedValuationAllowanceAmountsApplied
121000
CY2021Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
18500000
CY2021Q4 trst Collateral Dependent Impaired Financing Receivable Recorded Investment
CollateralDependentImpairedFinancingReceivableRecordedInvestment
0
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
2062000
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
2010000
CY2022Q3 us-gaap Variable Lease Cost
VariableLeaseCost
565000
CY2021Q3 us-gaap Variable Lease Cost
VariableLeaseCost
499000
CY2022Q3 us-gaap Lease Cost
LeaseCost
2627000
CY2021Q3 us-gaap Lease Cost
LeaseCost
2509000
us-gaap Operating Lease Cost
OperatingLeaseCost
6185000
us-gaap Operating Lease Cost
OperatingLeaseCost
6029000
us-gaap Variable Lease Cost
VariableLeaseCost
1706000
us-gaap Variable Lease Cost
VariableLeaseCost
1508000
us-gaap Lease Cost
LeaseCost
7891000
us-gaap Lease Cost
LeaseCost
7537000
us-gaap Operating Lease Payments
OperatingLeasePayments
6262000
us-gaap Operating Lease Payments
OperatingLeasePayments
6121000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2484000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2696000
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y8M12D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0296
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0307
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2065000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
8234000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8082000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7675000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
6700000
CY2022Q3 trst Lessee Operating Lease Liability To Be Paid Due After Year Four
LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFour
24529000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
57285000
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7208000
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
50077000

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trst-20220930.xsd Edgar Link pending
trst-20220930_def.xml Edgar Link unprocessable
trst-20220930_lab.xml Edgar Link unprocessable
trst-20220930_pre.xml Edgar Link unprocessable