The corrected release reads:

TRICO BANCSHARES ANNOUNCES QUARTERLY EARNINGS

TriCo Bancshares (NASDAQ:TCBK), parent company of Tri Counties Bank, today announced quarterly earnings of $2,512,000 for the quarter ended June 30, 2009. This represents a 10.5% increase when compared with earnings of $2,274,000 for the quarter ended June 30, 2008. Diluted earnings per share for the quarter ended June 30, 2009 increased 14.3% to $0.16 from $0.14 for the quarter ended June 30, 2008. The increase in earnings from the prior year quarter was due to a $285,000 increase in net interest income to $23,146,000, a $950,000 decrease in the provision for loan losses to $7,850,000, and a $716,000 increase in noninterest income to $7,996,000 that were partially offset by a $1,500,000 increase in noninterest expense to $19,344,000. The $1,500,000 increase in noninterest expense was primarily due to a $1,205,000 increase in FDIC insurance assessments of which $933,000 related to an FDIC special assessment recorded in the second quarter of 2009. This special assessment is equivalent to $0.03 diluted earnings per share for the quarter ended June 30, 2009.

Total assets of the Company increased $107,351,000 (5.4%) to $2,087,841,000 at June 30, 2009 from $1,980,490,000 at June 30, 2008. Total loans of the Company increased $8,911,000 (0.6%) to $1,552,235,000 at June 30, 2009 from $1,543,324,000 at June 30, 2008. Total deposits of the Company increased $226,332,000 (15.0%) to $1,737,385,000 at June 30, 2009 from $1,511,053,000 at June 30, 2008. Diluted earnings per share for the six months ended June 30, 2009 and 2008 were $0.34 and $0.39, respectively, on earnings of $5,394,000 and $6,322,000, respectively.

Net interest income on a fully tax-equivalent (FTE) basis during the second quarter of 2009 increased $259,000 (1.1%) from the same period in 2008 to $23,288,000. The increase in net interest income (FTE) was due to an $114,411,000 (6.3%) increase in average balances of interest-earning assets to $1,933,633,000 that was partially offset by a 0.24% decrease in net interest margin (FTE) to 4.82% from the second quarter of 2008.

The Company provided $7,850,000 for loan losses in the second quarter of 2009 versus $8,800,000 in the second quarter of 2008. In the second quarter of 2009, the Company recorded $7,000,000 of net loan charge-offs versus $3,902,000 of net loan charge-offs in the second quarter of 2008. At June 30, 2009, the sum of the Company's allowance for loan losses of $33,624,000 and the reserve for unfunded commitments of $3,140,000 represented 85% of non-performing loans net of government agency guarantees. Non-performing loans, defined as non-accruing loans and accruing loans delinquent 90 days or more, net of government guarantees at June 30, 2009, increased $9,013,000 (26.2%) to $43,373,000 from $34,360,000 at March 31, 2009.

Noninterest income for the second quarter of 2009 increased $716,000 (9.8%) from the second quarter of 2008, mainly due to a $632,000 (200%) increase in gain on sale of loans to $948,000. Also contributing to this increase in noninterest income was a $173,000 (4.4%) increase in service charges on deposit accounts to $4,136,000 and a $103,000 (61.3%) increase in the change in value of mortgage servicing rights to $271,000. The increases in service charges on deposit accounts and ATM fees and interchange revenue were primarily due to an increased number of customers. The improvement in change in value of mortgage servicing rights was primarily due to a slowdown in refinance activity at the end of the quarter ended June 30, 2009 that extends the estimated life of existing mortgages and enhances the value of the related mortgage servicing rights. The following table summarizes the components of noninterest income for the quarters ended June 30, 2009 and 2008 (dollars in thousands).

                                                          Three months endedJune 30,                                                           2009       2008              Service charges on deposit accounts                     $  4,136   $  3,963          ATM fees and interchange revenue                           1,222      1,168          Other service fees                                         553        527            Change in value of mortgage servicing rights               271        168            Gain on sale of loans                                      948        316            Commissions on sale of nondeposit investment products      492        525            Increase in cash value of life insurance                   270        360            Other noninterest income                                   104        253            Total noninterest income                                $  7,996   $  7,280                                                                                                -------------------------------------------------------------------------------  

Noninterest expense for the second quarter of 2009 increased $1,500,000 (8.4%) compared to the second quarter of 2008. Salaries and benefits expense increased $424,000 (4.4%) in the second quarter of 2009 compared to $9,645,000 in the second quarter of 2008, mainly due to annual salary increases, increased full time equivalent staff, and increased incentive compensation related to production of mortgage loans sold. Other noninterest expense increased $1,076,000 (13.1%) in the second quarter of 2009 primarily due to a $1,205,000 increase in FDIC insurance assessments. The following table summarizes the components of noninterest expense for the quarters ended June 30, 2009 and 2008 (dollars in thousands).