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TriCo Bancshares Condensed Financial Statements (Parent Only) (Tables) | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheets | 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 | 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 | 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 | 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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