v3.26.1
INVESTMENTS IN OTHER ASSOCIATIONS
3 Months Ended
Mar. 31, 2026
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]  
INVESTMENTS IN OTHER ASSOCIATIONS INVESTMENTS IN OTHER ASSOCIATIONS
Investments in other associations include investments in the patronage capital of other cooperatives and other required investments in the organizations. Tri-State's investment in a cooperative increases when a cooperative allocates patronage capital credits to Tri-State and it decreases when Tri-State receives a cash retirement of the allocated capital credits from the cooperative. A cooperative allocates its patronage capital credits to Tri-State based upon its patronage (amount of business done) with the cooperative.
Investments in other associations are as follows (dollars in thousands):
March 31,
2026
December 31,
2025
Basin Electric Power Cooperative$142,457 $142,457 
National Rural Utilities Cooperative Finance Corporation - patronage capital12,755 12,755 
National Rural Utilities Cooperative Finance Corporation - capital term certificates14,395 14,395 
CoBank, ACB18,846 20,050 
Other5,108 5,168 
Investments in other associations$193,561 $194,825 
Tri-State's investments in other associations are considered equity securities without readily determinable fair values, and as such are measured at cost minus impairment. Tri-State has evaluated these investments for indicators of impairment. There were no impairments of these investments recognized during the three months ended March 31, 2026 or during 2025.