Tri-County Financial Group Inc
What Do They Do?
Originates residential mortgages for home buyers and offers loans and deposit services to individuals, businesses and agricultural customers.
10-K for FY2025, filed Mar 9, 2026The Bank focuses primarily on the origination and servicing of three categories of loans: (i) commercial loans, including commercial and…View ↗
The Bank also owns one mortgage subsidiary, First State Mortgage Services, LLC (“FSM”), and an insurance subsidiary, Tri-County Insurance…View ↗
Lending ActivitiesView ↗
One-to-Four Family Residential Real Estate Lending. The Bank originates one-to-four family residential real estate loans with both fixed…View ↗
How Do They Make Money?
The bank earns interest on loans and income from selling and servicing residential mortgages, plus fees from insurance, trust and deposit services. Deposit transaction fees are charged when services are used, while monthly account and insurance fees are charged over the month.
10-K for FY2025, filed Mar 9, 2026Our results of operations are dependent primarily upon net interest income and, to a lesser extent, upon other income derived from sales of…View ↗
One-to-Four Family Residential Real Estate Lending. The Bank originates one-to-four family residential real estate loans with both fixed…View ↗
Customer-service fees: The Company earns fees from its deposit customers for transaction-based, account maintenance and overdraft services.…View ↗
Insurance services: The Company earns fees from insurance services provided to its customers. These fees are primarily earned and assessed…View ↗
$17.2M
-
10-K for FY2025, filed Mar 9, 2026
$17.2M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Fiduciary and Trust
|
1.4% |
Fiduciary and Trust, FY2025
$242K Sources
|
|
|
Service
|
7.6% |
Service, FY2025
$1.3M Sources
|
|
|
Mortgage Banking
|
65% |
Mortgage Banking, FY2025
$11.3M Sources
|
|
|
Financial Service, Other
Recurring
10-K for FY2025, filed Mar 9, 2026 |
10% |
Financial Service, Other, FY2025
$1.8M Sources
|
Recurring |
|
Non Interest Income Other
|
16% |
Non Interest Income Other, FY2025
$2.7M Sources
|
Who Are Their Customers?
Individuals, owner-operated businesses and agricultural customers borrow from the bank; mortgage applicants come through brokers, builders and attorneys, as well as bank solicitation and existing customer relationships. Retail, commercial and public-fund customers also hold deposits at the bank.
10-K for FY2025, filed Mar 9, 2026Lending ActivitiesView ↗
Loan originations are derived from a number of sources. Residential loan originations result from real estate broker referrals, direct…View ↗
The Bank has a diversified deposit base. The deposit base consists of retail, commercial and public fund customers located in the markets…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 79 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Mar 9, 2026
10-K for FY2025, filed Mar 9, 2026
$13.7MView ↗
How Are They Changing?
-
Aug 10, 2026
Agreed to merge with HBT Financial
The merger is expected to close in the first quarter of 2027, pending Tri-County shareholder and regulatory approvals and other customary closing conditions.
Sources
8-K, filed Aug 10, 2026
The transaction has been unanimously approved by each company’s board of directors, and shareholders collectively holding approximately 28%…View ↗
Growing.
Revenue grew 10% in 1 year, from $15.6M in FY2024 to $17.2M in FY2025, about 10% a year.
10-K for FY2025, filed Mar 9, 2026
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