Tri-County Financial Group, Inc. (TYFG) Form 10-Q — Aug 13, 2026
Tri-County Financial Group filed its 10-Q for the quarter ended June 30, 2026, reporting net income of $4.12 million versus $3.51 million in the year-ago quarter, a 17% increase. Six-month net income rose 42% to $8.59 million from $6.06 million, helped by a $5.13 million gain on loan sales. The Illinois community bank holding company ended the quarter with $1.56 billion in total assets, $1.30 billion in deposits, and $165.0 million in stockholders' equity. It cut FHLB advances to $45.9 million from $77.9 million and brokered CDs to $10.0 million from $44.9 million, while cash and equivalents rose to $60.9 million.
Key figures
- Net Income
- $8,589 thousand for the six months ended June 30, 2026 (vs $6,061 thousand prior year); Q2 2026 net income of $4,117 thousand (vs $3,507 thousand)
- Total Assets
- $1,562,073 thousand at June 30, 2026
- Cash Position
- $60,903 thousand at June 30, 2026 (up from $49,639 thousand at December 31, 2025)
- Shares Outstanding
- 2390068
- Gross loans
- $1,272,889 thousand
- Fhlb advances
- $45,917 thousand (down from $77,917 thousand)
- Total deposits
- $1,296,806 thousand
- Cet1 ratio bank
- 14.4%
- Dividend per share
- $0.28 quarterly (Q2 2026) vs $0.25 (Q2 2025)
- Stockholders equity
- $165,004 thousand
- Total past due loans
- $13,253 thousand (up from $11,378 thousand at December 31, 2025)
- Brokered certificates
- $9,996 thousand (down from $44,921 thousand)
- Subordinated debentures
- $10,000 thousand at 3.50%, resetting October 15, 2026 to 3-month SOFR + 266 bps, maturing October 15, 2031
- Total capital ratio bank
- 15.7%
- Afs gross unrealized losses
- $9,697 thousand on $147,611 thousand fair value
- Allowance for credit losses
- $14,789 thousand
- Six month credit loss expense
- $778 thousand (vs $388 thousand prior year)
- Net gain on loan sales six months
- $5,125 thousand (vs $4,482 thousand)
AI analysis
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