TRICO BANCSHARES
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 3, 2025
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 and
CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)
| At December 31,2024 | At December 31,2023 | |
|---|---|---|
| Assets: | ||
| Cash and due from banks | $85,409 | $81,626 |
| Cash at Federal Reserve and other banks | 59,547 | 17,075 |
| Cash and cash equivalents | 144,956 | 98,701 |
| Investment securities: | ||
| Marketable equity securities | 2,609 | 2,634 |
| Available for sale debt securities, at fair value (amortized cost of $2,138,533 and $2,384,325) | 1,904,885 | 2,152,504 |
| Held to maturity debt securities, at amortized cost, net of allowance for credit losses of $0 | 111,866 | 133,494 |
| Restricted equity securities | 17,250 | 17,250 |
| Loans held for sale | 709 | 458 |
| Loans | 6,768,523 | 6,794,470 |
| Allowance for credit losses | (125,366) | (121,522) |
| Total loans, net | 6,643,157 | 6,672,948 |
| Premises and equipment, net | 70,287 | 71,347 |
| Cash value of life insurance | 140,149 | 136,892 |
| Accrued interest receivable | 34,810 | 36,768 |
| Goodwill | 304,442 | 304,442 |
| Other intangible assets, net | 6,432 | 10,552 |
| Operating leases, right-of-use | 23,529 | 26,133 |
| Other assets | 268,647 | 245,966 |
| Total assets | $9,673,728 | $9,910,089 |
| Liabilities and Shareholders’ Equity: | ||
| Liabilities: | ||
| Deposits: | ||
| Noninterest-bearing demand | $2,548,613 | $2,722,689 |
| Interest-bearing | 5,538,963 | 5,111,349 |
| Total deposits | 8,087,576 | 7,834,038 |
| Accrued interest payable | 11,501 | 8,445 |
| Operating lease liability | 25,437 | 28,261 |
| Other liabilities | 137,506 | 145,982 |
| Other borrowings | 89,610 | 632,582 |
| Junior subordinated debt | 101,191 | 101,099 |
| Total liabilities | 8,452,821 | 8,750,407 |
| Commitments and contingencies (Note 15) | ||
| 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, 0 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 of tax | (152,462) | (153,169) |
| Total shareholders’ equity | 1,220,907 | 1,159,682 |
| Total liabilities and shareholders’ equity | $9,673,728 | $9,910,089 |
55 TriCo Bancshares 2024 10-K
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.