TRICO BANCSHARES
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
TCBK$52.34-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)
| At December 31,2023 | At December 31,2022 | |
|---|---|---|
| Assets: | ||
| Cash and due from banks | $81,626 | $96,323 |
| Cash at Federal Reserve and other banks | 17,075 | 10,907 |
| Cash and cash equivalents | 98,701 | 107,230 |
| Investment securities: | ||
| Marketable equity securities | 2,634 | 2,598 |
| Available for sale debt securities, at fair value (amortized cost of $2,384,325 and $2,742,987) | 2,152,504 | 2,452,438 |
| Held to maturity debt securities, at amortized cost, net of allowance for credit losses of $0 | 133,494 | 160,983 |
| Restricted equity securities | 17,250 | 17,250 |
| Loans held for sale | 458 | 1,846 |
| Loans | 6,794,470 | 6,450,447 |
| Allowance for credit losses | (121,522) | (105,680) |
| Total loans, net | 6,672,948 | 6,344,767 |
| Premises and equipment, net | 71,347 | 72,327 |
| Cash value of life insurance | 136,892 | 133,742 |
| Accrued interest receivable | 36,768 | 31,856 |
| Goodwill | 304,442 | 304,442 |
| Other intangible assets, net | 10,552 | 16,670 |
| Operating leases, right-of-use | 26,133 | 26,862 |
| Other assets | 245,966 | 257,975 |
| Total assets | $9,910,089 | $9,930,986 |
| Liabilities and Shareholders’ Equity: | ||
| Liabilities: | ||
| Deposits: | ||
| Noninterest-bearing demand | $2,722,689 | $3,502,095 |
| Interest-bearing | 5,111,349 | 4,826,918 |
| Total deposits | 7,834,038 | 8,329,013 |
| Accrued interest payable | 8,445 | 1,167 |
| Operating lease liability | 28,261 | 29,004 |
| Other liabilities | 145,982 | 159,741 |
| Other borrowings | 632,582 | 264,605 |
| Junior subordinated debt | 101,099 | 101,040 |
| Total liabilities | 8,750,407 | 8,884,570 |
| Commitments and contingencies (Note 15) | ||
| Shareholders’ equity: | ||
| Preferred stock, no par value: 1,000,000 shares authorized; zero issued and outstanding at December 31, 2023 and 2022, respectively | — | — |
| Common stock, no par value: 50,000,000 shares authorized; issued and outstanding: 33,268,102 and 33,331,513 at December 31, 2023 and 2022, respectively | 697,349 | 697,448 |
| Retained earnings | 615,502 | 542,873 |
| Accumulated other comprehensive loss, net of tax | (153,169) | (193,905) |
| Total shareholders’ equity | 1,159,682 | 1,046,416 |
| Total liabilities and shareholders’ equity | $9,910,089 | $9,930,986 |
55 TriCo Bancshares 2023 10-K
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