Tri-County Financial Group, Inc. Reports Fourth Quarter and Year-to-Date 2025 Financial Results

Rhea-AI Summary

Tri-County Financial Group (OTCQX: TYFG) reported fourth-quarter 2025 net income of $3.9 million ($1.64 per share) and full-year net income of $13.7 million ($5.73 per share), a 32% increase year-over-year. Net interest income for Q4 was $13.2 million, up 21% YoY.

Loans totaled $1.328 billion (+3% YoY), deposits were $1.304 billion (+$30.6 million YoY), investment securities were $154.2 million (+7% YoY), Tier 1 leverage ratio was 10.02%, and a $0.25 dividend was declared.

Positive

• Net income +32% year-over-year to $13.7M for FY 2025
• Net interest income +21% year-over-year in Q4 2025
• Book value per share +11% to $66.43 at 12/31/2025
• Deposits increased by $30.6M year-over-year to $1.304B

Negative

• FHLB advances increased ~15% to $77.9M at 12/31/2025
• Nonperforming loans ratio rose from 0.33% to 0.43% year-over-year

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) for Credit Losses			13,227		10,873
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

 

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SOURCE Tri-County Financial Group, Inc

FAQ

What drove Tri-County Financial Group (TYFG) Q4 2025 net income improvement?

Higher net interest income primarily drove the improvement, lifting Q4 2025 net income to $3.9M. According to the company, net interest income rose to $13.2M in Q4 2025, a 21% year-over-year increase, while non-interest income also increased modestly.

How did Tri-County Financial Group (TYFG) loans and deposits change in 2025?

Loans grew modestly and deposits increased by about $30.6M year-over-year. According to the company, total loans were $1.328B (+3%) and total deposits reached $1.304B at December 31, 2025.

What is Tri-County Financial Group's (TYFG) capital and dividend update for 2025?

Capital remained strong with a Tier 1 leverage ratio of 10.02%, and a dividend was declared. According to the company, the Board declared a $0.25 per share regular dividend payable January 8, 2026 to shareholders of record December 31, 2025.

Did Tri-County Financial Group (TYFG) report any asset quality changes in Q4 2025?

Asset quality showed small deterioration in nonperforming loans but remained low overall. According to the company, nonperforming loans rose to 0.43% of total loans from 0.33% year-over-year, and charge-offs remained low.

How did Tri-County Financial Group's (TYFG) investment portfolio and liquidity position change in 2025?

The available-for-sale investment portfolio increased and borrowings rose modestly. According to the company, securities totaled $154.2M (up $10.5M) and FHLB advances increased to $77.9M at year-end 2025.