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TriCo Bancshares Condensed Financial Statements (Parent Only) (Tables) | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheets | Condensed Balance Sheets
| December 31, 2024 |  | December 31, 2023
| (In thousands)
Assets |  |  |
Cash and cash equivalents | $ | 12,518 |  |  | $ | 6,356 |
Investment in Tri Counties Bank | 1,308,545 |  |  | 1,253,492 |
Other assets | 1,888 |  |  | 1,872 |
Total assets | $ | 1,322,951 |  |  | $ | 1,261,720 |
Liabilities and shareholders’ equity |  |  |
Other liabilities | $ | 853 |  |  | $ | 939 |
Junior subordinated debt | 101,191 |  |  | 101,099 |
Total liabilities | 102,044 |  |  | 102,038 |
Shareholders’ equity: |  |  |
Preferred stock, no par value: 1,000,000 shares authorized; zero issued and outstanding at December 31, 2024 and 2023, respectively | — |  |  | — |
Common stock, no par value: 50,000,000 shares authorized; issued and outstanding: 32,970,425 and 33,268,102 at December 31, 2024 and 2023, respectively | 693,462 |  |  | 697,349 |
Retained earnings | 679,907 |  |  | 615,502 |
Accumulated other comprehensive loss, net | (152,462) |  |  | (153,169) |
Total shareholders’ equity | 1,220,907 |  |  | 1,159,682 |
Total liabilities and shareholders’ equity | $ | 1,322,951 |  |  | $ | 1,261,720 |
Condensed Statements of Income | Condensed Statements of Income
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
|  |  | (In thousands) |  |
Net interest expense | $ | (7,372) |  |  | $ | (6,878) |  |  | $ | (4,385) |
Administration expense | (1,096) |  |  | (1,096) |  |  | (816) |
Loss before equity in net income of Tri Counties Bank | (8,468) |  |  | (7,974) |  |  | (5,201) |
Equity in net income of Tri Counties Bank: |  |  |  |  |
Distributed | 71,152 |  |  | 52,805 |  |  | 64,188 |
Undistributed | 49,681 |  |  | 70,202 |  |  | 64,896 |
Income tax benefit | 2,503 |  |  | 2,357 |  |  | 1,536 |
Net income | $ | 114,868 |  |  | $ | 117,390 |  |  | $ | 125,419 |
Condensed Statements of Comprehensive Income | Condensed Statements of Comprehensive Income (Loss)
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
|  |  | (In thousands) |  |
Net income | $ | 114,868 |  |  | $ | 117,390 |  |  | $ | 125,419 |
Other comprehensive income (loss), net of tax: |  |  |  |  |
Increase (decrease) in unrealized gains on available for sale securities arising during the period | (1,286) |  |  | 41,365 |  |  | (204,376) |
Change in minimum pension liability | 1,801 |  |  | (263) |  |  | 8,101 |
Change in joint beneficiary agreement liability | 192 |  |  | (366) |  |  | 1,389 |
Other comprehensive income (loss) | 707 |  |  | 40,736 |  |  | (194,886) |
Comprehensive income (loss) | $ | 115,575 |  |  | $ | 158,126 |  |  | $ | (69,467) |
Condensed Statements of Cash Flows | Condensed Statements of Cash Flows
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
|  |  | (In thousands) |  |
Operating activities: |  |  |  |  |
Net income | $ | 114,868 |  |  | $ | 117,390 |  |  | $ | 125,419 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Undistributed equity in earnings of Tri Counties Bank | (49,681) |  |  | (70,202) |  |  | (64,896) |
Equity compensation vesting expense | 4,666 |  |  | 4,125 |  |  | 3,869 |
Net change in other assets and liabilities | (4,675) |  |  | (3,959) |  |  | (3,834) |
Net cash provided by operating activities | 65,178 |  |  | 47,354 |  |  | 60,558 |
Investing activities: |  |  |  |  |
Sales or maturities of investments | — |  |  | — |  |  | 4,234 |
Financing activities: |  |  |  |  |
Exercise of stock options | 174 |  |  | 156 |  |  | 1,190 |
Repurchase of common stock | (15,544) |  |  | (9,240) |  |  | (27,148) |
Dividends paid | (43,646) |  |  | (39,901) |  |  | (35,797) |
Net cash used for financing activities | (59,016) |  |  | (48,985) |  |  | (61,755) |
Net change in cash and cash equivalents | 6,162 |  |  | (1,631) |  |  | 3,037 |
Cash and cash equivalents at beginning of year | 6,356 |  |  | 7,987 |  |  | 4,950 |
Cash and cash equivalents at end of year | $ | 12,518 |  |  | $ | 6,356 |  |  | $ | 7,987 |

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