ADDED
The Company maintains two capital subsidiary business trusts (collectively, the Trusts), both organized by the Company.
For financial reporting purposes, the Company s remaining investments in the Trusts of $1.2 million are accounted for under the equity method and, accordingly, are not consolidated and are included in other assets on the consolidated balance sheet.
Tri Counties Bank The Bank was organized in 1975 and had total assets of approximately $9.8 billion at December 31, 2025.
At December 31, 2025, the Bank s consumer loans net of deferred fees outstanding were $1.3 billion (18.5%), commercial and industrial loans outstanding were $464.4 million (6.5%), real estate construction loans of $301.0 million (4.2%), and commercial real estate loans were $4.9 billion (68.3%) of total loans.
Human Capital Resources At December 31, 2025, we employed 1,148 persons.
During 2025, our team members logged more than 10,100 volunteer hours, supporting more than 350 organizations, and approximately 4,500 of those hours were for the benefit of community development efforts to support programs and services to low- or moderate-income communities.
Regulatory Agencies The Company is a legal entity separate and distinct from the Bank and its other subsidiaries.
At December 31, 2025, the Company had $9.8 billion in total assets.
The standards by which mergers and acquisitions involving depository institutions or bank holding companies are evaluated by regulators continue to evolve.
For example, the DOJ announced in September 2024 its withdrawal from the 1995 Bank Merger Guidelines to assess the competitive effects of bank merger transactions.
REMOVED
In addition, TriCo has five capital trusts, which are all wholly-owned trust subsidiaries formed for the purpose of issuing trust preferred securities ( Trust Preferred Securities ) and lending the proceeds to TriCo.
Copies of our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to these reports are available free of charge through the investors relations page of our website, www.tcbk.com/about/investor-relations , as soon as reasonably practicable after the Company files these reports with the U.S.
Tri Counties Bank The Bank was organized in 1975 and had total assets of approximately $9.7 billion at December 31, 2024.
The Bank focuses on relationships and personal contact, emphasizing its Service with Solutions .
At December 31, 2024, the Bank s consumer loans net of deferred fees outstanding were $1.3 billion (18.9%), commercial and industrial loans outstanding were $471.3 million (7.1%), real estate construction loans of $279.9 million (4.1%), and commercial real estate loans were $4.6 billion (67.6%) of total loans.
Acquisition of Valley Republic Bancorp On March 25, 2022, the Company acquired Valley Republic Bancorp and its subsidiary Valley Republic Bank ("VRB") in a merger transaction in which the Company issued approximately 4.1 million shares of common stock valued at approximately $174.4 million based on the closing stock price of TriCo common stock of $42.48 on March 25, 2022 in addition to approximately $431,000 in cash paid out for settlement of stock option awards.
At the time of the acquisition, VRB merged with and into the Bank.
VRB was headquartered in Bakersfield, California, and operated four branch locations in and around Bakersfield, and a loan production office in Fresno, California.
2 TriCo Bancshares 2024 10-K T a ble of Contents Human Capital Resources At December 31, 2024, we employed 1,201 persons.
In that regard, our culture is designed to promote our commitment to improving the livelihood of our employees and guides us in making decisions throughout the Company.