TriCo Bancshares Parent Only Financial Statements (Unaudited) (Tables)

6 Months Ended

Jun. 30, 2012

TriCo Bancshares Parent Only Financial Statements [Abstract]

Balance Sheets

Balance Sheets (In thousands, except per share data)	June 30, 2012		December 31, 2011
Assets
Cash and Cash equivalents	$	2,733	$	706
Investment in Tri Counties Bank		260,774		256,010
Other assets		1,238		1,238
Total assets	$	264,745	$	257,954
Liabilities and shareholders’ equity
Other liabilities	$	278	$	275
Junior subordinated debt		41,238		41,238
Total liabilities		41,516		41,513
Shareholders’ equity:
Common stock, no par value: authorized 50,000,000 shares; issued and outstanding 15,992,893 and 15,978,958 shares, respectively		84,799		84,079
Retained earnings		134,893		128,551
Accumulated other comprehensive loss, net		3,537		3,811
Total shareholders’ equity		223,229		216,441
Total liabilities and shareholders’ equity	$	264,745	$	257,954

Statements of Income

Statements of Income	Three months ended June 30,						Six months ended June 30,
(In thousands)	2012			2011			2012			2011
Interest expense	$	(332	)	$	(312	)	$	(670	)	$	(622	)
Administration expense		(183	)		(174	)		(314	)		(322	)
Loss before equity in net income of Tri Counties Bank		(515	)		(486	)		(984	)		(944	)
Equity in net income of Tri Counties Bank:
Distributed		3,697			2,360			5,322			4,035
(Over) under distributed		1,922			692			4,505			2,081
Income tax benefit		217			205			409			399
Net income	$	5,321		$	2,771		$	9,252		$	5,571

Statements of Comprehensive Income

Statements of Comprehensive Income	Three months ended June 30,					Six months ended June 30,
(In thousands)	2012			2011		2012			2011
Net income	$	5,321		$	2,771	$	9,252		$	5,571
Other comprehensive income, net of tax:
Unrealized holding gains (losses) on securities arising during the period		(121	)		1,558		(274	)		1,334
Other comprehensive loss		(121	)		1,558		(274	)		1,334
Comprehensive income	$	5,200		$	4,329	$	8,978		$	6,905

Statements of Cash Flows

Statements of Cash Flows	Six months ended June 30,
(In thousands)	2012			2011
Operating activities:
Net income	$	9,252		$	5,571
Adjustments to reconcile net income to net cash provided by operating activities:
Over (under) distributed equity in earnings of Tri Counties Bank		(4,505	)		(2,081	)
Stock option vesting expense		511			500
Stock option excess tax benefits		(21	)		(296	)
Net change in other assets and liabilities		(461	)		(504	)
Net cash provided by operating activities		4,776			3,190
Investing activities: None
Financing activities:
Issuance of common stock through option exercise		156			436
Stock option excess tax benefits		21			296
Repurchase of common stock		(48	)		(753	)
Cash dividends paid — common		(2,878	)		(2,886	)
Net cash used for financing activities		(2,749	)		(2,887	)
Increase in cash and cash equivalents		2,027			303
Cash and cash equivalents at beginning of year		706			633
Cash and cash equivalents at end of year	$	2,733		$	936