Tri-County Financial Group, Inc. reported a significant increase in financial performance for the first quarter of 2026, with net income rising to $4.5 million, a 75% increase from $2.6 million in the same period of 2025. This growth translated to diluted earnings per share of $1.86, up from $1.06 year-over-year. The increase in net income was primarily driven by a $2 million rise in net interest income, which reached $13.7 million, and a $0.5 million increase in non-interest income, totaling $4.1 million. Additionally, the company experienced a credit loss recovery of $305,000, compared to a credit loss expense of $501,000 in the prior year.
Total assets for Tri-County Financial Group decreased to $1.58 billion as of March 31, 2026, down from $1.60 billion at the end of 2025. This decline was largely attributed to a $21 million reduction in loans, reflecting typical seasonal fluctuations in the agricultural sector. The company’s loan portfolio composition remained stable, with commercial real estate loans comprising 41.8% and consumer real estate loans accounting for 30.7% of total loans. The overall loan balance decreased by 1.6% from the previous quarter, with notable reductions in construction and agricultural loans.
In terms of operational metrics, Tri-County Financial Group reported a slight increase in total deposits, which rose to $1.31 billion, reflecting a $5.1 million increase from the end of 2025. The company’s non-interest expenses also increased by 6% to $12 million, driven by higher salaries and employee benefits. The efficiency ratio improved to 67.4%, down from 74.2% in the previous year, indicating better cost management relative to revenue generation.
Looking ahead, Tri-County Financial Group remains optimistic about its growth trajectory, supported by a strong capital position characterized as "well-capitalized" under regulatory standards. The company’s capital ratios as of March 31, 2026, exceeded the minimum requirements, with a Common Equity Tier 1 capital ratio of 14.1%. Management anticipates continued stability in its loan portfolio and expects to leverage its strong liquidity position to navigate potential market challenges. The company plans to maintain its focus on enhancing operational efficiency and expanding its service offerings to meet customer needs effectively.
About Tri-County Financial Group, Inc.
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