Trinity Bank N.A.: Trinity Bank Reports Return on Assets of 1.91%

Return on Equity 13.90%
Tier 1 Leverage Ratio 13.70%

FORT WORTH, TX / ACCESSWIRE / April 24, 2019 / Trinity Bank N.A. (OTC PINK: TYBT) today announced operating results for the three months ending March 31, 2019.

Results of Operations

Trinity Bank, N.A. reported Net Income After Taxes of $1,202,000 or $1.08 per diluted common share for the first quarter of 2019, compared to $1,129,000 or $1.00 per diluted common share for the first quarter of 2018, an increase of 8.0%.

Jeffrey M. Harp, President, stated, "First Quarter 2019 results were very good. Return on Assets of 1.91% reflects very favorably to the Peer Group average ROA of 1.19%, and Trinity Bank continues to operate with exceptional efficiency. The current economic environment is volatile (to say the least), but we look forward to meeting the challenge with the goal of producing exceptional results."

Executive Vice President, Matt Opitz, stated, "We are pleased to announce that Travis Smart has accepted an offer to join the Trinity Bank team as Vice President of commercial banking. Travis brings with him a proven ability to generate and maintain quality commercial banking relationships. With the addition of Travis, Trinity Bank, in the last 18 months, has gone from two lenders (Barney Wiley and Jeff Harp) to five. We are excited about what five revenue producers will mean for Trinity's goal to continue growing and expanding our customer base in the North Texas marketplace."

Profitability	3/31/2019		3/31/2018
Return on Assets	1.91%		1.73%
Return on Equity	13.90%		14.34%
Average for Quarter Ending	3/31/2019		3/31/2018		%
(in 000's)
Loans	$152,227		$137,942		10.4
Deposits	$216,220		$228,828		(5.5)

Trinity Bank First Quarter 2019

Actual for Quarter Ending
(in 000's)		3/31/2019			3/31/2018		%
Net Interest Income			$2,420		$2,277		6.3
Non-Interest Income			123		129		(4.7)
Non-Interest Expense			(1,129)		(1,131)		(0.2)
Pretax Preprovision Income			$1,414		$1,275		10.9
Gain on Sale of Securities and Assets			(2)		0		N/M
Loan Loss Provision			(30)		0		N/M
Pre Tax Income			1,382		1,275		8.4
Income Tax			180		146		N/M
Net Income			$1,202		$1,129		6.5
Diluted Weighted Average Shares			1,118		1,125	.
Earnings per Share			$1.08		$1.00		8.0

Trinity Bank, N.A. is a commercial bank that began operations May 28, 2003. For a full financial statement, visit Trinity Bank's website: www.trinitybk.com Regulatory reporting format is also available at www.fdic.gov.

For information contact:

Richard Burt
Executive Vice President
Trinity Bank
817-763-9966

This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding future financial conditions, results of operations and the Bank's business operations. Such forward-looking statements involve risks, uncertainties and assumptions, including, but not limited to, monetary policy and general economic conditions in Texas and the greater Dallas-Fort Worth metropolitan area, the risks of changes in interest rates on the level and composition of deposits, loan demand and the values of loan collateral, securities and interest rate protection agreements, the actions of competitors and customers, the success of the Bank in implementing its strategic plan, the failure of the assumptions underlying the reserves for loan losses and the estimations of values of collateral and various financial assets and liabilities, that the costs of technological changes are more difficult or expensive than anticipated, the effects of regulatory restrictions imposed on banks generally, any changes in fiscal, monetary or regulatory policies and other uncertainties as discussed in the Bank's Registration Statement on Form SB-1 filed with the Office of the Comptroller of the Currency. Should one or more of these risks or uncertainties materialize, or should these underlying assumptions prove incorrect, actual outcomes may vary materially from outcomes expected or anticipated by the Bank. A forward-looking statement may include a statement of the assumptions or bases underlying the forward-looking statement. The Bank believes it has chosen these assumptions or bases in good faith and that they are reasonable. However, the Bank cautions you that assumptions or bases almost always vary from actual results, and the differences between assumptions or bases and actual results can be material. The Bank undertakes no obligation to publicly update or otherwise revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless the securities laws require the Bank to do so.

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

		Quarter Ended
		March 31								%
EARNINGS SUMMARY		2019				2018				Change
Interest income		$	2,814			$	2,486				13.2	%
Interest expense			394				209				88.5	%
Net Interest Income			2,420				2,277				6.3	%
Service charges on deposits			40				42				-4.8	%
Other income			83				87				-4.6	%
Total Non Interest Income			123				129				-4.7	%
Salaries and benefits expense			763				628				21.5	%
Occupancy and equipment expense			107				121				-11.6	%
Other expense			259				382				-32.2	%
Total Non Interest Expense			1,129				1,131				-0.2	%
Pretax pre-provision income			1,414				1,275				10.9	%
Gain on sale of securities			(2	)			0				N/M
Gain on sale of foreclosed assets			0				0				N/M
Gain on sale of assets			0				0				N/M
Provision for Loan Losses			30				0				N/M
Earnings before income taxes			1,382				1,275				8.4	%
Provision for income taxes			180				146				N/M
Net Earnings		$	1,202			$	1,129				6.5	%
Basic earnings per share			1.09				1.02				6.9	%
Basic weighted average shares			1,099				1,106
outstanding
Diluted earnings per share - estimate			1.08				1.00				8.0	%
Diluted weighted average shares outstanding			1,118				1,125

		Average for Quarter
		March 31								%
BALANCE SHEET SUMMARY		2019				2018				Change
Total loans		$	152,227			$	137,942				10.4	%
Total short term investments			12,728				23,035				-44.7	%
Total investment securities			79,278				92,926				-14.7	%
Earning assets			244,233				253,903				-3.8	%
Total assets			251,901				260,399				-3.3	%
Noninterest bearing deposits			73,881				82,622				-10.6	%
Interest bearing deposits			142,339				146,206				-2.6	%
Total deposits			216,220				228,828				-5.5	%
Fed Funds Purchased and Repurchase Agreements			1,187				0				N/M
Shareholders' equity		$	33,940			$	31,308				8.4	%

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

		Average for Quarter Ending
		March 31,				Dec 31,				Sept. 30,				June 30,				March 31,
BALANCE SHEET SUMMARY		2019				2018				2018				2018				2018
Total loans		$	152,227			$	144,801			$	145,280			$	147,227			$	137,942
Total short term investments			12,728				23,175				18,368				10,843				23,035
Total investment securities			79,278				79,700				80,509				84,981				92,926
Earning assets			244,233				247,676				244,157				243,051				253,903
Total assets			251,901				255,113				251,839				250,070				260,399
Noninterest bearing deposits			73,881				81,187				83,151				80,637				82,622
Interest bearing deposits			142,339				141,081				135,815				135,940				146,206
Total deposits			216,220				222,268				218,966				216,577				228,828
Fed Funds Purchased and Repurchase Agreements			1,187				0				0				1,566				0
Shareholders' equity		$	33,940			$	31,948			$	32,151			$	31,236			$	31,308

		Quarter Ended
		March 31,				Dec 31,				Sept. 30,				June 30,				March 31,
HISTORICAL EARNINGS SUMMARY		2019				2018				2018				2018				2018
Interest income		$	2,814			$	2,785			$	2,658			$	2,591			$	2,486
Interest expense			394				358				309				241				209
Net Interest Income			2,420				2,427				2,349				2,350				2,277
Service charges on deposits			40				31				38				37				42
Other income			83				101				111				100				87
Total Non Interest Income			123				132				149				137				129
Salaries and benefits expense			763				757				707				731				628
Occupancy and equipment expense			107				120				119				106				121
Other expense			259				289				272				302				382
Total Non Interest Expense			1,129				1,166				1,098				1,139				1,131
Pretax pre-provision income			1,414				1,393				1,400				1,348				1,275
Gain on sale of securities			(2	)			3				4				7				0
Gain on sale of foreclosed assets			0				0				0				0				0
Gain on sale of other assets			0				0				0				0				0
Provision for Loan Losses			30				30				30				30				0
Earnings before income taxes			1,382				1,366				1,374				1,325				1,275
Provision for income taxes			180				166				184				166				146
Net Earnings		$	1,202			$	1,200			$	1,190			$	1,159			$	1,129
Diluted earnings per share		$	1.08			$	1.08			$	1.07			$	1.03			$	1.00

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

		Ending Balance
		March 31,				Dec 31,				Sept. 30,				June 30,				March 31,
HISTORICAL BALANCE SHEET		2019				2018				2018				2018				2018
Total loans		$	160,028			$	154,184			$	143,846			$	150,833			$	142,848
Total short term investments			14,160				13,127				23,080				7,454				20,766
Total investment securities			75,906				81,896				79,234				78,840				93,034
Total earning assets			250,094				249,207				246,160				237,127				256,648
Allowance for loan losses			(1,703	)			(1,671	)			(1,664	)			(1,634	)			(1,604	)
Premises and equipment			2,613				2,627				2,652				2,729				2,725
Other Assets			5,506				7,018				5,892				7,582				5,046
Total assets			256,510				257,181				253,040				245,804				262,815
Noninterest bearing deposits			69,934				85,668				81,856				79,678				86,903
Interest bearing deposits			150,895				137,979				137,926				133,922				143,929
Total deposits			220,829				223,647				219,782				213,600				230,832
Fed Funds Purchased and Repurchase Agreements			0				0				0				0				0
Other Liabilities			1,158				701				1,311				610				1,143
Total liabilities			221,987				224,348				221,093				214,210				231,975
Shareholders' Equity Actual			34,522				34,051				32,772				32,244				31,497
Unrealized Gain - AFS			1				(1,218	)			(825	)			(650	)			(657	)
Total Equity		$	34,523			$	32,833			$	31,947			$	31,594			$	30,840

		Quarter Ending
		March 31,				Dec 31,				Sept. 30,				June 30,				March 31,
NONPERFORMING ASSETS		2019				2018				2018				2018				2018
Nonaccrual loans		$	952			$	60			$	137			$	179			$	224
Restructured loans		$	0			$	0			$	0			$	0			$	0
Other real estate & foreclosed assets		$	0			$	0			$	0			$	0			$	0
Accruing loans past due 90 days or more		$	0			$	0			$	0			$	0			$	0
Total nonperforming assets		$	952			$	60			$	137			$	179			$	224
Accruing loans past due 30-89 days		$	477			$	0			$	456			$	458			$	0
Total nonperforming assets as a percentage
of loans and foreclosed assets			0.59	%			0.04	%			0.10	%			0.12	%			0.16	%

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

		Quarter Ending
ALLOWANCE FOR		March 31,				Dec 31,				Sept. 30,				June 30,				March 31,
LOAN LOSSES		2019				2018				2018				2018				2018
Balance at beginning of period		$	1,671			$	1,664			$	1,634			$	1,604			$	1,600
Loans charged off			0				23				0				0				0
Loan recoveries			2				0				0				0				4
Net (charge-offs) recoveries			2				(23	)			0				0				4
Provision for loan losses			30				30				30				30				0
Balance at end of period		$	1,703			$	1,671			$	1,664			$	1,634			$	1,604
Allowance for loan losses
as a percentage of total loans			1.06	%			1.08	%			1.10	%			1.08	%			1.12	%
Allowance for loan losses
as a percentage of nonperforming assets			179	%			2785	%			930	%			913	%			716	%
Net charge-offs (recoveries) as a
percentage of average loans			-0.01	%			0.02	%			0.00	%			0.00	%			-0.01	%
Provision for loan losses
as a percentage of average loans			0.02	%			0.02	%			0.02	%			0.02	%			0.00	%

		Quarter Ending
		March 31,				Dec 31,				Sept. 30,				June 30,				March 31,
SELECTED RATIOS		2019				2018				2018				2018				2018
Return on average assets (annualized)			1.91	%			1.88	%			1.89	%			1.85	%			1.73	%
Return on average equity (annualized)			14.17	%			15.02	%			14.81	%			14.84	%			14.42	%
Return on average equity (excluding unrealized gain on investments)			13.90	%			14.39	%			14.53	%			14.51	%			14.34	%
Average shareholders' equity to average assets			13.47	%			12.52	%			12.77	%			12.49	%			12.02	%
Yield on earning assets (tax equivalent)			4.86	%			4.75	%			4.59	%			4.53	%			4.19	%
Effective Cost of Funds			0.64	%			0.58	%			0.51	%			0.40	%			0.33	%
Net interest margin (tax equivalent)			4.22	%			4.17	%			4.08	%			4.13	%			3.86	%
Efficiency ratio (tax equivalent)			41.9	%			37.9	%			41.5	%			43.0	%			43.9	%
End of period book value per common share		$	31.44			$	29.85			$	29.07			$	28.13			$	27.88
End of period book value (excluding unrealized gain on investments)		$	31.44			$	30.96			$	29.82			$	29.31			$	28.48
End of period common shares outstanding (in 000's)			1,098				1,100				1,099				1,100				1,106

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

		3 Months Ending
		March 31, 2019																March 31, 2018
														Tax																Tax
		Average												Equivalent				Average												Equivalent
YIELD ANALYSIS		Balance				Interest				Yield				Yield				Balance				Interest				Yield				Yield
Interest Earning Assets:
Short term investment		$	12,350				76				2.46	%			2.46	%		$	22,661				89				1.57	%			1.57	%
FRB Stock			378				6				6.00	%			6.00	%			374				6				6.00	%			6.00	%
Taxable securities			911				5				2.20	%			2.20	%			0				0				0.00	%			0.00	%
Tax Free securities			78,367				579				2.96	%			3.74	%			92,926				649				2.79	%			3.53	%
Loans			152,227				2,148				5.64	%			5.64	%			137,942				1,742				5.05	%			5.05	%
Total Interest Earning Assets			244,233				2,814				4.61	%			4.86	%			253,903				2,486				3.92	%			4.19	%
Noninterest Earning Assets:
Cash and due from banks			4,904																3,767
Other assets			4,447																4,333
Allowance for loan losses			(1,683	)															(1,604	)
Total Noninterest Earning Assets			7,668																6,496
Total Assets		$	251,901															$	260,399
Interest Bearing Liabilities:
Transaction and Money Market accounts			115,560				261				0.90	%			0.90	%			120,745				146				0.48	%			0.48	%
Certificates and other time deposits			26,779				124				1.85	%			1.85	%			25,461				63				0.99	%			0.99	%
Other borrowings			1,187				9				3.03	%			3.03	%			0				0				0.30	%			0.30	%
Total Interest Bearing Liabilities			143,526				394				1.10	%			1.10	%			146,206				209				0.57	%			0.57	%
Noninterest Bearing Liabilities:
Demand deposits			73,881																82,622
Other liabilities			554																263
Shareholders' Equity			33,940																31,308
Total Liabilities and Shareholders Equity		$	251,901															$	260,399
Net Interest Income and Spread							2,420				3.51	%			3.76	%							2,277				3.34	%			3.62	%
Net Interest Margin											3.96	%			4.22	%											3.58	%			3.86	%

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

		March 31								March 31
		2019				%				2018				%
LOAN PORTFOLIO
Commercial and industrial		$	92,873				58.04	%		$	78,423				54.86	%
Real estate:
Commercial			24,424				15.26	%			20,664				14.46	%
Residential			16,895				10.56	%			24,766				17.33	%
Construction and development			25,215				15.76	%			18,552				12.98	%
Consumer			621				0.39	%			539				0.38	%
Total loans (gross)			160,028				100.00	%			142,944				100.00	%
Unearned discounts			0				0.00	%			0				0.00	%
Total loans (net)		$	160,028				100.00	%		$	142,944				100.00	%
		March 31								March 31
			2018								2018
REGULATORY CAPITAL DATA
Tier 1 Capital		$	34,522							$	31,497
Total Capital (Tier 1 + Tier 2)		$	36,225							$	33,101
Total Risk-Adjusted Assets		$	174,228							$	160,648
Tier 1 Risk-Based Capital Ratio			19.81	%							19.61	%
Total Risk-Based Capital Ratio			20.79	%							20.60	%
Tier 1 Leverage Ratio			13.70	%							12.10	%
OTHER DATA
Full Time Equivalent
Employees (FTE's)			21								19
Stock Price Range
(For the Three Months Ended):
High		$	65.50							$	59.83
Low		$	65.50							$	58.50
Close		$	65.50							$	59.05

SOURCE: Trinity Bank N.A.

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