TYFGOTCState Commercial BanksUS GAAP · USD

Tri-County Financial Group, Inc.

Tri-County Financial Group, Inc. is a U.S. bank holding company centered on community and commercial banking through its subsidiary bank. Its business includes lending, deposit gathering, investment securities, mortgage banking, trust services, customer-service fees, and insurance services, with operations focused in local U.S. markets.

Revenue17.2m USD
+10.2 %y/y
Net income13.7m USD
+31.0 %y/y
Free cash flow10.6m USD

Fiscal year 2025 · change from previous year

Development 2024–2025

05101520m USD2024: 16 m USD20242025: 17 m USD202517
RevenueOperating profit (EBIT)

Business

Share of revenue
Lending58 %

Loan products including commercial, real estate, agricultural and residential lending.

Deposit and funding services0 %

Core banking deposits and related customer account services that fund the loan book.

Mortgage banking22 %

Mortgage origination, servicing and related fee income activities.

Insurance services4 %

Insurance agency and brokerage services provided through First State Insurance.

Trust and customer services3 %

Trust department services and customer-service fee income from banking relationships.

Investment securities and treasury13 %

Debt securities and other balance-sheet investments that support liquidity and earnings.

Products

Reported · share of revenue
65.3%15.5%10.2%FY2025100 %
  • Mortgage Banking65.3 %
  • Non Interest Income Other15.5 %
  • Financial Service Other10.2 %
  • Services7.6 %
  • Fiduciary and Trust1.4 %

Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

The company serves local businesses, farmers, real estate borrowers, and households that use its bank for lending and deposit products. It also serves customers seeking mortgage financing, trust administration, and insurance placement through its subsidiary. The customer base is relationship-driven and tied to the communities where the bank operates.

Commercial borrowers

Businesses that borrow for operations, equipment, and owner-occupied or investment real estate.

Agricultural borrowers

Farm and agribusiness customers using secured lending for land, inputs, and seasonal cash needs.

Residential mortgage customers

Households seeking home purchase, refinance, and related mortgage banking services.

Deposit customers

Individuals and businesses that place operating cash and savings with the bank.

Trust and insurance clients

Customers using fiduciary services or insurance placement through bank-affiliated businesses.

Strategy

The company’s strategic focus is to grow and manage a relationship-based community banking franchise while balancing loan growth, deposit funding, and liquidity. It also uses fee businesses such as mortgage banking, trust, and insurance services to diversify revenue beyond spread income. Credit discipline, funding flexibility, and balance-sheet management are central to its competitive position.

Grow core lending relationshipsMedium term

Loans are the main earning asset and the basis for long-term customer retention.

Diversify non-interest incomeMedium term

Fee businesses reduce reliance on net interest spread income.

Maintain liquidity and funding flexibilityShort term

Deposit flows and borrowing capacity support loan originations and outflow management.

Protect credit qualityShort term

Loan losses and collateral declines can materially affect earnings and capital.

Geography

Tri-County Financial Group operates as a U.S. community bank with lending and deposit relationships concentrated in its local markets. The filing does not disclose a country revenue split, but the business is clearly domestic and tied to regional banking, agricultural, and real estate activity. Its exposure is therefore shaped more by local economic conditions than by international operations.

Risks

The main risks are credit losses, collateral deterioration, and concentration in commercial, real estate, and agricultural lending. The bank is also exposed to interest-rate, liquidity, and funding risks because its earnings depend on deposit costs, loan yields, and access to wholesale funding. Fee businesses add diversification, but mortgage and insurance income can still be uneven from quarter to quarter.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Credit risk in lending portfolio1Interest-rate risk2Agricultural and real estate concentration risk3Liquidity and funding risk4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Credit risk in lending portfolioImpact: HighLikelihood: Medium

    The bank makes secured loans, but borrower default and collateral declines can still create losses.

    ExposureCommercialReal estateAgriculturalResidential loans
  2. Interest-rate riskImpact: HighLikelihood: Medium

    Loan yields, deposit costs and securities values move with rates, affecting net interest income.

    ExposureLoan bookDepositsInvestment securities
  3. Agricultural and real estate concentration riskImpact: MediumLikelihood: Medium

    Performance depends on local farm income and property values in the bank's markets.

    Exposure: Regional lending markets

  4. Liquidity and funding riskImpact: MediumLikelihood: Low

    Deposit declines or loan growth can force greater reliance on FHLB advances and other borrowings.

    ExposureDepositsFHLB advancesRepurchase agreements
  5. Fee income volatilityImpact: Medium

    Mortgage banking and insurance revenue can vary with origination volumes and premium timing.

    Exposure: Mortgage banking and insurance services

Accounting

Judgemental items
Allowance for credit losses

Loan loss estimates are judgmental and can materially change provision expense and earnings.

Impact: Affects loan valuation and credit loss expense

Goodwill impairment

Goodwill is tested for impairment using fair value judgments and can be written down if value falls.

Impact: Affects intangible assets and equity

Mortgage banking revenue timing

Mortgage-related fees depend on origination and closing activity, which can vary by period.

Impact: Affects non-interest income comparability

Insurance service revenue timing

Premium timing and incentive commissions can skew quarterly insurance revenue.

Impact: Affects quarter-to-quarter fee income

Available-for-sale securities fair value

Unrealized gains and losses on debt securities affect accumulated other comprehensive income.

Impact: Affects equity and comprehensive income

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Tri-County Financial Group, Inc. (OTC) – State Commercial Banks | Financial Analysis – Clarifo