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Junior Subordinated Debt (Tables)

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Summary of Terms and Recorded Balance of Subordinated Debenture

The following table summarizes the terms and recorded balances of each debenture as of the date indicated:

(in thousands)																		Coupon Rate (Variable) 3 mo. SOFR +						As of September 30, 2024												As of December 31, 2023
Subordinated Debt Series						Maturity Date						Face Value												Current Coupon Rate						Recorded Book Value						Recorded Book Value
TriCo Cap Trust I						10/7/2033						$	20,619					3.05		%				8.61		%				$	20,619					$	20,619
TriCo Cap Trust II						7/23/2034						20,619						2.55		%				8.09		%				20,619						20,619
North Valley Trust II						4/24/2033						6,186						3.25		%				8.76		%				5,684						5,602
North Valley Trust III						7/23/2034						5,155						2.80		%				8.34		%				4,544						4,472
North Valley Trust IV						3/15/2036						10,310						1.33		%				6.54		%				7,797						7,615
VRB Subordinated						3/29/2029						16,000						3.52		%				9.11		%				16,852						17,000
VRB Subordinated - 5%						8/27/2035						20,000						Fixed						5.00		%				25,049						25,172
												$	98,889																	$	101,164					$	101,099

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- References

No definition available.

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- Definition

Tabular disclosure of borrowings under subordinated debt agreements that qualify as available in computing net capital under SEC uniform net capital rules for broker-dealers, including restrictive covenants, collateral, interest rates and due dates, amounts due by date and amount owed in total.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 470
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478878/942-470-45-1

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