Tri-County Financial Group, Inc. reported a notable increase in financial performance for the third quarter and the first nine months of 2025, with net income reaching $3.7 million for the quarter, a 21% rise from $3.1 million in the same period last year. For the nine months ending September 30, 2025, net income was $9.8 million, reflecting a 22% increase compared to $8.0 million in 2024. The growth in profitability was primarily driven by a 15% increase in net interest income, which totaled $36.9 million for the nine-month period, up from $32.0 million in 2024. The company also reported a decrease in interest expense, which fell by 9.6% to $23.9 million, contributing to improved margins.
The company's total assets increased to $1.59 billion as of September 30, 2025, up from $1.54 billion at the end of 2024. This growth was largely attributed to a significant rise in mortgage loans held for sale, which surged by 56% to $14.0 million. The loan portfolio also expanded, with total loans increasing by 1.8% to approximately $1.30 billion. The real estate segment continued to dominate the portfolio, comprising 89% of total loans, with commercial real estate loans increasing by 4.8% to $564.6 million.
In terms of operational metrics, the company reported a slight decline in total deposits, which decreased by 1.6% to $1.25 billion, primarily due to a reduction in brokered deposits. However, the company maintained a strong capital position, with total stockholders' equity rising to $154.0 million, a 7.5% increase from $143.2 million at year-end 2024. The capital ratios remained well above regulatory requirements, with the Common Equity Tier 1 capital ratio at 13.7%, significantly exceeding the minimum requirement of 7.0%.
Looking ahead, Tri-County Financial Group expressed optimism about its growth trajectory, citing improved operating results and a stable economic environment. The company plans to continue focusing on enhancing its loan portfolio and managing its interest rate risk effectively. Additionally, the management remains committed to maintaining strong capital levels and liquidity to support future growth initiatives. The company’s strategic focus on mortgage banking and commercial lending is expected to drive further profitability in the coming quarters, despite potential challenges from fluctuating interest rates and market conditions.
About Tri-County Financial Group, Inc.
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