published on February 5, 2016 - 12:21 AM
Written by The Business Journal Staff
TriCo Bancshares, Chico-based parent company of Tri Counties Bank, announced earnings of $11.4 million, or 50 cents per diluted share, for the quarter ending Dec. 31, 2015.

That’s more than double $5.6 million and 25 cents per share for the same quarter in 2014.

Tri Counties Bank has several dozen branches throughout Northern California, including offices in Chowchilla and Fresno.

Richard Smith, president and CEO of the bank, said in a statement: “We are very pleased with our operating results for 2015. With the North Valley Bancorp acquisition now complete, our combined team of bankers are building strong pipelines of deposit and lending customers. This is evident by the increase in ending loans outstanding of $240.4 million or 10.5% and increases in ending deposits balances of $250.8 million or 7.4% in 2015.”

The bank’s total assets at the end of 2015 were $4.2 billion, up from $3.9 billion at the end of 2014.

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