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TriCo Bancshares Condensed Financial Statements (Parent Only) (Tables)
12 Months Ended
Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Balance Sheets
Condensed Balance Sheets    December 31,  
     2015      2014  
     (in thousands)  

Assets

     

Cash and Cash equivalents

   $ 2,565       $ 2,229   

Investment in Tri Counties Bank

     504,655         470,797   

Other assets

     1,714         1,902   
  

 

 

    

 

 

 

Total assets

   $ 508,934       $ 474,928   
  

 

 

    

 

 

 

Liabilities and shareholders’ equity Other liabilities

   $ 348       $ 484   

Junior subordinated debt

     56,470         56,272   
  

 

 

    

 

 

 

Total liabilities

     56,818         56,756   
  

 

 

    

 

 

 

Shareholders’ equity:

     

Common stock, no par value: authorized 50,000,000 shares; issued and outstanding 22,775,173 and 22,714,964 shares, respectively

     247,587         244,318   

Retained earnings

     206,307         176,057   

Accumulated other comprehensive loss, net

     (1,778      (2,203
  

 

 

    

 

 

 

Total shareholders’ equity

     452,116         418,172   
  

 

 

    

 

 

 

Total liabilities and shareholders’ equity

   $ 508,934       $ 474,928   
  

 

 

    

 

 

 

 

Condensed Statements of Income
Condensed Statements of Income    Years ended December 31,  
     2015      2014      2013  
     (in thousands)  

Interest expense

   $ (1,977    $ (1,403    $ (1,247

Administration expense

     (814      (2,720      (862
  

 

 

    

 

 

    

 

 

 

Loss before equity in net income of Tri Counties Bank

     (2,791      (4,123      (2,109

Equity in net income of Tri Counties Bank:

        

Distributed

     13,304         8,270         8,175   

Undistributed

     32,131         20,720         20,446   

Income tax benefit

     1,174         1,241         887   
  

 

 

    

 

 

    

 

 

 

Net income

   $ 43,818       $ 26,108       $ 27,399   
  

 

 

    

 

 

    

 

 

 

 

Condensed Statements of Comprehensive Income
Condensed Statements of Comprehensive Income    Years ended December 31,  
     2015      2014      2013  
     (in thousands)  

Net income

   $ 43,818       $ 26,108       $ 27,399   

Other comprehensive (loss) income, net of tax:

        

Unrealized holding (losses) gains on securities arising during the period

     (1,098      (94      (2,452

Change in minimum pension liability

     1,246         (4,114      1,750   

Change in joint beneficiary agreement liability

     277         148         400   
  

 

 

    

 

 

    

 

 

 

Other comprehensive (loss) income

     425         (4,060      (302
  

 

 

    

 

 

    

 

 

 

Net income

   $ 44,243       $ 22,048       $ 27,097   
  

 

 

    

 

 

    

 

 

 

Condensed Statements of Cash Flows
Condensed Statements of Cash Flows    Years ended December 31,  
     2015      2014      2013  
     (in thousands)  

Operating activities:

        

Net income

   $ 43,818       $ 26,108       $ 27,399   

Adjustments to reconcile net income to net cash provided by operating activities:

        

Undistributed equity in earnings of Tri Counties Bank

     (32,131      (20,720      (20,446

Equity compensation vesting expense

     1,370         1,133         1,151   

Equity compensation tax effect

     68         (225      (356

Net change in other assets and liabilities

     (1,120      671         (1,100
  

 

 

    

 

 

    

 

 

 

Net cash provided by operating activities

     12,005         6,967         6,648   

Investing activities: None

        

Financing activities:

        

Issuance of common stock through option exercise

     660         616         251   

Equity compensation tax effect

     (68      225         356   

Repurchase of common stock

     (412      (292      (501

Cash dividends paid — common

     (11,849      (7,807      (6,745
  

 

 

    

 

 

    

 

 

 

Net cash used for financing activities

     (11,669      (7,258      (6,639
  

 

 

    

 

 

    

 

 

 

(decrease) increase in cash and cash equivalents

     336         (291      9   

Cash and cash equivalents at beginning of year

     2,229         2,520         2,511   
  

 

 

    

 

 

    

 

 

 

Cash and cash equivalents at end of year

   $ 2,565       $ 2,229       $ 2,520