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TriCo Bancshares Condensed Financial Statements (Parent Only) | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
TriCo Bancshares Condensed Financial Statements (Parent Only) | TriCo Bancshares Condensed Financial Statements (Parent Only) Condensed Balance Sheets
| December 31, 2022 |  | December 31, 2021
| (In thousands)
Assets |  |  |
Cash and cash equivalents | $ | 7,987 |  |  | $ | 4,950 |
Investment in Tri Counties Bank | 1,138,429 |  |  | 1,047,577 |
Other assets | 1,818 |  |  | 6,073 |
Total assets | $ | 1,148,234 |  |  | $ | 1,058,600 |
Liabilities and shareholders’ equity |  |  |
Other liabilities | $ | 778 |  |  | $ | 337 |
Junior subordinated debt | 101,040 |  |  | 58,079 |
Total liabilities | 101,818 |  |  | 58,416 |
Shareholders’ equity: |  |  |
Preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at December 31, 2020 and 2019 | — |  |  | — |
Common stock, no par value: authorized 50,000,000 shares; issued and outstanding 33,331,513 and 29,730,424 shares at December 31, 2022 and 2021, respectively | 697,448 |  |  | 532,244 |
Retained earnings | 542,873 |  |  | 466,959 |
Accumulated other comprehensive income (loss), net | (193,905) |  |  | 981 |
Total shareholders’ equity | 1,046,416 |  |  | 1,000,184 |
Total liabilities and shareholders’ equity | $ | 1,148,234 |  |  | $ | 1,058,600 |
Condensed Statements of Income
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
|  |  | (In thousands) |  |
Net interest expense | $ | (4,385) |  |  | $ | (2,128) |  |  | $ | (2,555) |
Administration expense | (816) |  |  | (985) |  |  | (932) |
Loss before equity in net income of Tri Counties Bank | (5,201) |  |  | (3,113) |  |  | (3,487) |
Equity in net income of Tri Counties Bank: |  |  |  |  |
Distributed | 64,188 |  |  | 31,571 |  |  | 63,419 |
Undistributed | 64,896 |  |  | 88,289 |  |  | 3,851 |
Income tax benefit | 1,536 |  |  | 908 |  |  | 1,031 |
Net income | $ | 125,419 |  |  | $ | 117,655 |  |  | $ | 64,814 |
Condensed Statements of Comprehensive Income (Loss)
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
|  |  | (In thousands) |  |
Net income | $ | 125,419 |  |  | $ | 117,655 |  |  | $ | 64,814 |
Other comprehensive income (loss), net of tax: |  |  |  |  |
Increase (decrease) in unrealized gains on available for sale securities arising during the period | (204,376) |  |  | (13,788) |  |  | 11,126 |
Change in minimum pension liability | 8,101 |  |  | 2,602 |  |  | 6,972 |
Change in joint beneficiary agreement liability | 1,389 |  |  | (113) |  |  | (596) |
Other comprehensive income (loss) | (194,886) |  |  | (11,299) |  |  | 17,502 |
Comprehensive income (loss) | $ | (69,467) |  |  | $ | 106,356 |  |  | $ | 82,316 |
Condensed Statements of Cash Flows
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
|  |  | (In thousands) |  |
Operating activities: |  |  |  |  |
Net income | $ | 125,419 |  |  | $ | 117,655 |  |  | $ | 64,814 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Undistributed equity in earnings of Tri Counties Bank | (64,896) |  |  | (88,289) |  |  | (3,851) |
Equity compensation vesting expense | 3,869 |  |  | 2,638 |  |  | 2,036 |
Net change in other assets and liabilities | (3,834) |  |  | (6,427) |  |  | (1,885) |
Net cash provided by operating activities | 60,558 |  |  | 25,577 |  |  | 61,114 |
Investing activities: |  |  |  |  |
Sales or maturities of investments | 4,234 |  |  | — |  |  | — |
Financing activities: |  |  |  |  |
Issuance of common stock through option exercise | 1,190 |  |  | 144 |  |  | 198 |
Repurchase of common stock | (27,148) |  |  | (4,344) |  |  | (26,720) |
Cash dividends paid — common | (35,797) |  |  | (29,724) |  |  | (26,303) |
Net cash used for financing activities | (61,755) |  |  | (33,924) |  |  | (52,825) |
Net change in cash and cash equivalents | 3,037 |  |  | (8,347) |  |  | 8,289 |
Cash and cash equivalents at beginning of year | 4,950 |  |  | 13,297 |  |  | 5,008 |
Cash and cash equivalents at end of year | $ | 7,987 |  |  | $ | 4,950 |  |  | $ | 13,297 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI https://asc.fasb.org/extlink&oid=126898705&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=126929396&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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