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TYFG on OTC

Tri-County Financial Group, Inc.

Tri-County Financial Group, Inc. is an American state commercial bank that raised $10 million in 2021 (SEC Form D).2 It is headquartered in Mendota, United States.2 Its shares trade on OTC under the symbol TYFG.2

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Last updated Oct 21, 2026.

Overview

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  • TickerTYFG on OTC2
  • IndustryState Commercial Banks2
  • HeadquartersMendota, United States2
  • Incorporated inDE3
  • Business address706 Washington Street, Mendota, Il 613423
  • Filer categoryNon-accelerated filer, Emerging growth company3
  • Legal formCorporation2
  • LEI5493000KYEYQ6K6IYC312
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O UNITED STATES CORPORATION COMPANY, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 20819652

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Bank’s loan customers for these types of loans as well as due to lower interest rates.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

79.3%Net margin5
10.2%Revenue growth, 20255
8.7%Return on equity5
0.00×Debt to equity5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Mortgage Banking brought in 65% of the revenue Tri-County Financial Group, Inc. broke down this way in fiscal 2025.

  1. Mortgage Banking$11.3M565%up 13% from 2024
  2. Non Interest Income Other$2.7M516%down 4% from 2024
  3. Financial Service, Other$1.8M510%up 25% from 2024
  4. Service$1.3M58%up 5% from 2024
  5. Fiduciary and Trust$242.0K51%down 10% from 2024
Products and services by year
Products and services20242025
Mortgage Banking$9.9M$11.3M
Non Interest Income Other$2.8M$2.7M
Financial Service, Other$1.4M$1.8M
Service$1.2M$1.3M
Fiduciary and Trust$268.0K$242.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Income tax26¢$4.8M
  • Profit74¢$13.7M

Out of $17.2M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid22¢$2.4M
  • Share buybacks11¢$1.2M
  • Kept or used elsewhere67¢$7.1M

Out of $10.6M of cash from operations.5

Financial statements

Revenue5$17.2M in 2025+10% since 2024
0$5.0M$10.0M$15.0M$20.0M2024: $15.6M$15.6M20242025: $17.2M$17.2M2025+10%
Net income5$13.7M in 2025+31% since 2024
0$5.0M$10.0M$15.0M2024: $10.4M$10.4M20242025: $13.7M$13.7M2025+31%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Loans, including fees$75.2M$71.6M
Taxable$2.6M$2.4M
Tax-exempt$1.5M$1.5M
Mortgage loans held for sale, including fees$1.3M$1.4M
Dividends$324.0K$392.0K
Other$989.0K$538.0K
Total interest income$82.0M$77.9M
Deposits$27.9M$29.8M
Federal Home Loan Bank advances and other borrowings$3.2M$4.2M
Securities sold under agreements to repurchase$766.0K$944.0K
Total interest expense$31.9M$35.0M
Net interest income$50.1M$42.9M
Credit loss (recovery) of credit loss expense on loans$729.0K-$1.4M
Credit loss (recovery) of credit loss expense on off-balance sheet credit exposures-$70.0K$162.0K
Net interest income after credit loss expense$49.4M$44.2M
Other$17.2M$15.6M
Total non-interest income$17.2M$15.6M
Salaries and employee benefits$32.2M$31.1M
Occupancy$2.7M$2.7M
Furniture and equipment$1.1M$1.2M
Other$12.2M$11.0M
Total non-interest expenses$48.2M$46.0M
Income before income taxes$18.5M$13.9M
Income tax expense$4.8M$3.4M
Net income$13.7M$10.4M
Basic$5.73$4.32
Diluted$5.67$4.28

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Corporate structure

Tri-County Financial Group, Inc. sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Tri-County Financial Group, Inc.

  • AllianceBernstein Filed SCHEDULE 13G on Tri-County Financial Group, Inc., latest Aug 14, 2026
  • Tri-County Financial Group, Inc. Mendota, Illinois, United States
    • First State Bank Subsidiary · Mendota, Illinois, United States
      • FIRST STATE MORTGAGE SERVICES, LLC Subsidiary · Bloomington, Illinois, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Tri-County Financial Group, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$44.4M5 Dec 31, 2025$44.0M5 Dec 31, 2024+0.9%
Accumulated depreciation$20.1M5 Dec 31, 2025$18.7M5 Dec 31, 2024+7.6%
Property and equipment, net$24.3M5 Dec 31, 2025$25.3M5 Dec 31, 2024−4.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$49.6M5 Dec 31, 2025$45.0M5 Dec 31, 2024+10.4%
Debt securities held to maturity$162.7M5 Dec 31, 2025$158.0M5 Dec 31, 2024+3.0%
Deposits held (banks)$1.3B5 Dec 31, 2025$1.3B5 Dec 31, 2024+2.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Accumulated amortization-$1.2M5 Dec 31, 2025-$1.1M5 Dec 31, 2024−1.9%
Finite-lived intangibles, net$82.0K5 Dec 31, 2025

Properties, in its own words

The Company’s headquarters is located at 706 Washington Street, Mendota, Illinois. The Company maintains numerous other facilities, including Bank branch locations. The Bank owns 17 properties, and leases two branch locations throughout Illinois. FSM also operates various loan production offices. The Company considers its properties to be suitable and adequate for its present needs.

Item 2 of the 10-K filed Mar 9, 2026.4

Leadership

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerConnie J Ganz named Nov 8, 20218
  • Executive Officer, DirectorGoodwin J Toraason named Nov 8, 20218
  • Executive OfficerLana J Eddy named Nov 8, 20218
  • Executive Officer, DirectorTimothy J McConville named Nov 8, 20218
  • DirectorDouglas J Fitzgerald named Nov 8, 20218
  • DirectorJohn J Holland named Nov 8, 20218
  • DirectorJulie J Setchell named Nov 8, 20218
  • DirectorKati J Stevenson named Nov 8, 20218
  • DirectorKenneth J Otterbach named Nov 8, 20218
  • DirectorMatthew J Faber named Nov 8, 20218
  • DirectorThomas J Prescott named Nov 8, 20218

Timeline

  1. Aug 10, 20268-K Entered a material agreement; Regulation FD disclosure9
  2. Jun 12, 20268-K Executive or director change10
  3. Apr 20, 20268-K Shareholder vote11
  4. Jan 5, 20268-K Executive or director change12
  5. Oct 31, 20258-K Executive or director change13
  6. Oct 29, 20258-K Results of operations14
  7. Jan 27, 1986Founded Tri-County Financial Group, Inc. is founded2

Calendar

When it reported results

  1. Oct 29, 2025Reported quarterly or annual results14

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

30 filings to the SEC since October 2021: 1 annual reports, 4 quarterly reports, 6 major events, 1 large holders, 2 private raises, 16 other. The latest 20:

  1. Aug 14, 2026SCHEDULE 13G EDGAR
  2. Aug 13, 202610-Q EDGAR
  3. Aug 10, 2026424B3 EDGAR
  4. Aug 10, 20268-K EDGAR
  5. Aug 10, 2026425 EDGAR
  6. Jun 12, 2026424B3 EDGAR
  7. Jun 12, 20268-K EDGAR
  8. May 13, 202610-Q EDGAR
  9. Apr 20, 20268-K EDGAR
  10. Apr 20, 2026424B3 EDGAR
  11. Mar 9, 2026424B3 EDGAR
  12. Mar 9, 202610-K EDGAR
  13. Jan 5, 20268-K EDGAR
  14. Jan 5, 2026424B3 EDGAR
  15. Nov 13, 2025424B3 EDGAR
  16. Nov 13, 202510-Q EDGAR
  17. Oct 31, 2025424B3 EDGAR
  18. Oct 31, 20258-K EDGAR
  19. Oct 29, 20258-K EDGAR
  20. Sep 15, 2025424B3 EDGAR

The 30 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$10.0M 2021–2021
Money received by yearMoney received by year, 2021–2021: $10.0M in all. Private raises (Form D) $10.0M.$0$2.5M$5M$7.5M$10M2021 · Private raises (Form D): $10.0M2021
Figures by year
YearPrivate raises (Form D)Total
2021$10.0M$10.0M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Oct 12, 2021Raised $10 million in a private offering of debt8 Form D: 9 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Siena Capital Partners GP, LLC61,917$4.0M1.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Tri-County Financial Group, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTri-County Financial Group, Inc.1
  • CIK0001725262
  • Employer ID (EIN)36-34125224
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address706 Washington Street, Mendota, IL 613421
  • Phone815-538-22651
  • Shares outstanding2,390,068 as of Aug 11, 20267
  • Public float$97.6M as of Jun 30, 20254
  • AuditorForvis Mazars, LLP, St. Louis, Missouri PCAOB ID 686; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceDec 13, 20171
  • Filings31 in all: 424B3 (8), 8-K (6), 10-Q (4), CORRESP (2), D (2), 10-K (1), 425 (1), D/A (1)1
    All 14 form types

    DEL AM (1), EFFECT (1), S-1 (1), S-1/A (1), SCHEDULE 13G (1), UPLOAD (1)

  • Latest filingsAnnual report (10-K) Mar 9, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Latest 8-K (8-K) Aug 10, 2026

Risk factors and legal proceedings

The risks Tri-County Financial Group, Inc. names in Item 1A of its 10-K filed Mar 9, 2026: 38 risks under these headings, as written.4

  • Credit Risks
  • We must effectively manage our credit risk.
  • Elevated levels of inflation could adversely impact our business and results of operations.
  • Our allowance for credit losses may prove to be insufficient to absorb losses in our loan portfolio.
  • Our loan portfolio has a large concentration of real estate loans, which involve risks specific to real estate value.
  • Our construction and land loans expose us to increased lending risks.
  • Our concentration of one-to-four family residential mortgage loans may result in lower yields and profitability.
  • The Company’s loan portfolio has a large concentration of commercial real estate loans, which involve risks specific to real estate values and the health of the real estate market generally.
  • Commercial loans make up a significant portion of our loan portfolio.
  • Our agricultural loans and the ability of the borrower to repay may be affected by many factors outside of the borrower’s control.
  • Our business is concentrated in and dependent upon the continued growth and welfare of the markets in which we operate, including north-central Illinois and the far west suburbs of Chicago.
  • Non-performing assets take significant time to resolve and adversely affect our results of operations and financial condition, and could result in further losses in the future.
The other 27 risks
  • Interest Rate Risks
  • Monetary policies and regulations of the Federal Reserve could adversely affect our business, financial condition and results of operations.
  • Interest rates and other conditions impact our results of operations.
  • Declines in value may adversely impact the carrying amount of our investment portfolio and result in credit losses.
  • The value of the financial instruments we own may decline in the future.
  • Downgrades in the credit rating of one or more insurers that provide credit enhancement for our state and municipal securities portfolio may have an adverse impact on the market for and valuation of these types of securities.
  • Legal, Accounting and Compliance Risks
  • Legislative and regulatory reforms applicable to the financial services industry may have a significant impact on our business, financial condition and results of operations.
  • The Company and the Bank are subject to stringent capital and liquidity requirements.
  • We are subject to changes in accounting principles, policies or guidelines.
  • We may be required to pay higher FDIC insurance premiums in the future.
  • Operational, Strategic and Reputational Risks
  • We face intense competition in all phases of our business from other banks and financial institutions.
  • Issues with the use of artificial intelligence in our marketplace may result in reputational harm or liability, or could otherwise adversely affect the Company’s business.
  • Our community banking strategy relies heavily on our management team, and the unexpected loss of key managers may adversely affect our operations.
  • Labor shortages and failure to attract and retain qualified employees could negatively impact our business, results of operations and financial condition.
  • The occurrence of fraudulent activity, breaches or failures of our information security controls or cybersecurity-related incidents could have a material adverse effect on our business, financial condition, results of operations and growth prospects.
  • We depend on information technology and telecommunications systems of third parties, and any systems failures, interruptions or data breaches involving these systems could adversely affect our operations and financial condition.
  • We are subject to certain operational risks, including, but not limited to, customer or employee fraud, losses related to our depositors and data processing system failures and errors.
  • Our framework for managing risks may not be effective in mitigating risk and loss to us.
  • Financial services companies depend on the accuracy and completeness of information about customers and counterparties.
  • Liquidity and Capital Risks
  • Our growth or future losses may require us to raise additional capital in the future, but that capital may not be available when it is needed.
  • Risks Related to our Common Stock
  • An active, liquid trading market for our common stock does not currently exist and may not develop, and as a result, you may not be able to sell your common stock at or above the price you paid for them, or at all.
  • The stock market can be volatile, and fluctuations in our operating results and other factors could cause our stock price to decline.
  • The price of our common stock could be volatile, and you could lose some or all of your investment as a result.
  • Our dividend policy may change.
  • Future sales of our common stock in the public market, including by our current stockholders, could lower our stock price, and any increase in shares issued as part of our equity-based compensation plans or for other purposes may dilute your ownership in us.
  • We are an emerging growth company within the meaning of the Securities Act and because we have decided to take advantage of certain exemptions from various reporting and other requirements applicable to emerging growth companies, our common stock could be less attractive to investors.
  • Future issuances of common stock could result in dilution, which could cause our common stock price to decline.
  • Certain banking laws and certain provisions of our certificate of incorporation and bylaws may have an anti-takeover effect.

Legal proceedings

There are no material pending legal proceedings to which the Company or the Bank is a party or of which any of their property is subject, other than ordinary routine litigation incidental to the Bank’s business. While the ultimate outcome of current legal proceedings cannot be predicted with certainty, it is the opinion of management that the resolution of these legal actions should not have a material effect on the Company’s consolidated financial position or results of operations.

The opening of Item 3, Legal Proceedings.4

Sources

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