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

3 Months Ended

Mar. 31, 2018

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheets

Condensed Balance Sheets

	March 31, 2018			December 31, 2017
	(In thousands)
Assets
Cash and cash equivalents	$	3,516		$	3,924
Investment in Tri Counties Bank		557,380			557,538
Other assets		1,758			1,721
Total assets	$	562,654		$	563,183
Liabilities and shareholders’ equity
Other liabilities	$	493		$	517
Junior subordinated debt		56,905			56,858
Total liabilities		57,398			57,375
Shareholders’ equity:
Preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at March 31, 2018 and December 31, 2017		—			—
Common stock, no par value: authorized 50,000,000 shares; issued and outstanding 22,956,323 and 22,955,963 shares, respectively		256,226			255,836
Retained earnings		266,235			255,200
Accumulated other comprehensive loss, net		(17,205	)		(5,228	)
Total shareholders’ equity		505,256			505,808
Total liabilities and shareholders’ equity	$	562,654		$	563,183

Condensed Statements of Income

Condensed Statements of Income
	Three months ended March 31,
	2018			2017
	(In thousands)
Interest expense	$	(697	)	$	(595	)
Administration expense		(426	)		(159	)
Loss before equity in net income of Tri Counties Bank		(1,123	)		(754	)
Equity in net income of Tri Counties Bank:
Distributed		4,372			4,042
Undistributed		10,397			8,474
Income tax benefit		264			317
Net income	$	13,910		$	12,079

Condensed Statements of Comprehensive Income

Condensed Statements of Comprehensive Income
	Three months ended March 31,
	2018			2017
	(In thousands)
Net income	$	13,910		$	12,079
Other comprehensive income (loss), net of tax:
Increase (decrease) in unrealized gains on available for sale securities arising during the period		(11,026	)		457
Change in minimum pension liability		80			54
Other comprehensive income (loss)		(10,946	)		511
Comprehensive income	$	2,964		$	12,590

Condensed Statements of Cash Flows

Condensed Statements of Cash Flows

	Three months ended March 31,
	2018			2017
	(In thousands)
Operating activities:
Net income	$	13,910		$	12,079
Adjustments to reconcile net income to net cash provided by operating activities:
Undistributed equity in earnings of Tri Counties Bank		(10,397	)		(8,474	)
Equity compensation vesting expense		391			381
Stock option excess tax benefits					—
Net change in other assets and liabilities		(405	)		(348	)
Net cash provided by operating activities		3,499			3,638
Investing activities: None
Financing activities:
Repurchase of common stock		(4	)		(169	)
Cash dividends paid — common		(3,903	)		(3,431	)
Net cash used for financing activities		(3,907	)		(3,600	)
Net change in cash and cash equivalents		(408	)		38
Cash and cash equivalents at beginning of year		3,924			2,802
Cash and cash equivalents at end of year	$	3,516		$	2,840