MENDOTA, Ill., Feb. 25, 2026 /PRNewswire/ -- Tri-County Financial Group, Inc. (the "Company") (OTCQX: TYFG) today announced financial results for the fourth quarter of 2025.
Net income for the fourth quarter of 2025 was $3.9 million ($1.64 per share), compared to $2.4 million ($1.00 per share) during the fourth quarter of 2024. Net income was $13.7 million ($5.73 per share) for the twelve-month period ending December 31, 2025, compared to $10.4 million ($4.33 per share) for the twelve-month period ending December 31, 2024, an increase of 32%.
Net interest income was $13.2 million during the quarter ended December 31, 2025, compared to $10.9 million in the same period of 2024, an increase of 21%.
Non-interest income was $4.5 million for the fourth quarter of 2025, an increase of $0.5 million, or 13%, compared to $4.0 million during the quarter ended December 31, 2024.
Non-interest expense was $12.5 million during the quarter ended December 31, 2025, compared to $11.9 million for the fourth quarter of 2024, an increase of $0.6 million.
Our investment portfolio consists entirely of debt securities classified as available-for-sale; therefore, unrealized gains and losses are fully reported on our balance sheet. None of our securities are classified as held-to-maturity. The investment portfolio increased $10.5 million or 7% year over year and totaled $154.2 million at December 31, 2025, as compared to $143.7 million at December 31, 2024.
Total loans increased $42.6 million, or 3%, to $1.33 billion at December 31, 2025, from $1.29 billion at December 31, 2024. Nonperforming loans as a percentage of total loans were 0.43% as of December 31, 2025, compared to 0.33% at December 31, 2024.
The credit loss expense was $0.3 million for the quarter ended December 31, 2025. The allowance for credit loss was $15.0 million at December 31, 2025 and represented 1.13% of gross loans, compared to $14.4 million at December 31, 2024 and 1.12% of gross loans. Asset quality continues to remain strong and charge offs remain low.
Total deposits increased by $30.6 million, year-over-year. Total deposits were $1.304 billion at December 31, 2025, which consisted of approximately $44.9 million of brokered deposits. Total deposits were $1.273 billion at December 31, 2024, which consisted of approximately $49.3 million of brokered deposits. Without factoring in brokered deposits, total deposits increased approximately $35 million year-over-year. Federal Home Loan Bank (FHLB) advances were $77.9 million and $67.9 million at December 31, 2025 and 2024, respectively.
The Company's capital levels remain strong as of December 31, 2025, with a Tier 1 leverage ratio of 10.02%.
On December 9, 2025, the Board of Directors declared a regular dividend of $0.25 per share, payable January 8, 2026, to shareholders of record on December 31, 2025.
In announcing the results, Tri-County Financial Group, Inc. President and CEO Kirk Ross, stated, "Our fourth quarter results reflected solid earnings with strong growth in net interest income and continued improvement in our net interest margin. We believe solid earnings performance will continue with increased yields on our earning assets and lower funding costs as we continue to see repricing in our loan portfolio. We remain attentive to our loan strategies and our asset quality remains strong. We are continuing our deposit growth strategies in a competitive market and monitor our local competition to offer competitive rates while continuing to provide exceptional community banking services. "
Tri-County Financial Group, Inc. is the parent holding company for First State Bank, with offices in Mendota, Batavia, Bloomington, Champaign, Geneva, LaMoille, McNabb, North Aurora, Ottawa, Peru, Princeton, Rochelle, Shabbona, St. Charles, Streator, Sycamore, Waterman and West Brooklyn. First State Bank is the parent company of First State Mortgage Services, LLC and First State Insurance. Tri-County Financial Group, Inc. shares are quoted under the symbol TYFG and traded on OTCQX.
Note: This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Readers should note that the forward-looking statements included in this press release are not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking statements due to various factors, including operating; legal and regulatory risks; changing economic and competitive conditions; and other risks and uncertainties. Any forward-looking statements presented herein are made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.
Contact:
Lana Eddy, Secretary
leddy@firststatebank.biz
815.538.2265
TRI COUNTY FINANCIAL GROUP, INC. & SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
QUARTER ENDED DECEMBER 31ST
(Unaudited, 000s omitted, except share data)
2025 2024
Interest Income $21,296 $19,531
Interest Expense 8,051 8,584
Net Interest Income 13,245 10,947
Provision (Recovery) for Credit Losses 18 74
Net Interest Income After Provision (Recovery) 13,227 10,873
for Credit Losses
Non-Interest Income 4,532 4,021
FDIC Assessments 181 170
Non-Interest Expenses 12,359 11,680
Income Before Income Taxes 5,219 3,044
Applicable Income Taxes 1,329 653
Security Gains (Losses)
Net Income (Loss) $3,890 $2,391
Basic Net Income Per Share $1.64 $1.00
Weighted Average Shares Outstanding 2,375,565 2,396,410
TRI-COUNTY FINANCIAL GROUP, INC. & SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited, 000s omitted, except share data)
ASSETS 12/31/2025 12/31/2024
Cash and Due from Banks $46,193 $42,418
Federal Funds Sold 3,446 2,558
Debt Securities Available-for-Sale 154,207 143,735
Loans and Leases 1,327,983 1,285,419
Less: Allowance for Credit Losses (14,992) (14,444)
Loans, Net 1,312,991 1,270,975
Premises & Equipment 24,330 25,344
Intangibles 8,678 8,700
Other Real Estate Owned 101 920
Accrued Interest Receivable 8,222 7,475
Other Assets 37,553 37,160
TOTAL ASSETS $1,595,721 $1,539,285
LIABILITIES
Demand Deposits 167,062 170,545
Interest-bearing Demand Deposits 426,398 399,103
Savings Deposits 198,919 202,410
Time Deposits 511,544 501,239
Total Deposits 1,303,923 1,273,297
Repurchase Agreements 23,105 22,679
FHLB and Other Borrowings 77,917 67,917
Interest Payable 73 73
Subordinated Debt 9,859 9,834
Total Repos & Borrowings 110,954 100,503
Other Liabilities 22,466 21,680
Dividends Payable 607 611
TOTAL LIABILITIES $1,437,950 $1,396,091
STOCKHOLDERS' EQUITY
Common Stock 2,375 2,394
Additional Paid-in-Capital 20,426 21,212
Retained Earnings 141,073 129,793
Accumulated Other Comprehensive Loss (6,103) (10,205)
TOTAL STOCKHOLDERS' EQUITY 157,771 143,194
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $1,595,721 $1,539,285
Book Value Per Share $66.43 $59.81
Tangible Book Value Per Share $62.77 $56.18
Bid Price $49.10 $45.50
Period End Outstanding Shares 2,375,138 2,394,193
View original content to download multimedia:https://www.prnewswire.com/news-releases/tri-county-financial-group-inc-reports-fourth-quarter-and-year-to-date-2025-financial-results-302697629.html
SOURCE Tri-County Financial Group, Inc
