Trinity Bank Reports 2018 1st Quarter Net Income of $1,129,000

FORT WORTH, TX / ACCESSWIRE / April 23, 2018 / Trinity Bank N.A. (OTC PINK: TYBT) today announced operating results for the three months ending March 30, 2018.

Results of Operations

Trinity Bank, N.A. reported Net Income After Taxes of $1,129,000 or $1.00 per diluted common share for the first quarter of 2018, compared to $357,000 or $.32 per diluted common share for the first quarter of 2017, an increase of 216.8%.

President Jeffrey M. Harp stated, "First Quarter 2018 results reflect a recovery to our historical levels of Return on Assets and Return on Equity. Trinity Bank experienced better than the expected loan and deposit growth in 1Q along with our usual exceptional operating efficiency."

"I am extremely pleased to announce that Matt Opitz has joined our management team as Executive Vice president. Matt has a proven track record in the Fort Worth market as a business generator and relationship manager as well as a developer of young lenders. His addition is a major part of the succession plan put in place to ensure continued success for Trinity Bank."

"As previously announced, Trinity Bank will pay its thirteenth semiannual dividend, $.54 per share, on April 30, 2018. This dividend amount represents a 5.9% increase over the prior dividend of $.51 per share paid in October 2017."

Profitability		3/30/2018				3/31/2017
Return on Assets			1.73	%			0.61	%
Return on Equity			14.34	%			4.85	%

Average for Quarter Ending										%
(in 000's)
Loans		$	137,942			$	130,977				5.3
Deposits		$	228,828			$	203,600				12.4

Actual for Quarter Ending
(in 000's)		3/30/2018				3/31/2017				%
Net Interest Income		$	2,277			$	2,006				13.5
Non-Interest Income			129				130				(.8	)
Non-Interest Expense			(1,131	)			(881	)			28.4
Pretax Preprovision Income		$	1,275			$	1,255				1.6
Gain on Sale of Securities and Assets			0			$	(1	)			N/M
Loan Loss Provision			0				1,000				N/M
Pre Tax Income			1,275				254				402.0
Income Tax			146				(103	)			N/M
Net Income		$	1,129			$	357				216.2
Diluted Weighted Average Shares			1,125				1,127
Earnings per Share		$	1.00			$	0.32				216.8

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 SB1 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 forwardlooking 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 forwardlooking 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		2018				2017				Change
Interest income		$	2,486			$	2,145				15.9	%
Interest expense			209				139				50.4	%
Net Interest Income			2,277				2,006				13.5	%
Service charges on deposits			42				42				0.0	%
Other income			87				88				-1.1	%
Total Non Interest Income			129				130				-0.8	%
Salaries and benefits expense			628				508				23.6	%
Occupancy and equipment expense			121				104				16.3	%
Other expense			382				269				42.0	%
Total Non Interest Expense			1,131				881				28.4	%
Pretax pre-provision income			1,275				1,255				1.6	%
Gain on sale of securities			0				(1	)			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			0				1,000				N/M
Earnings before income taxes			1,275				254				402.0	%
Provision for income taxes			146				(103	)			N/M
Net Earnings		$	1,129			$	357				216.2	%
Basic earnings per share			1.02				0.32				216.8	%
Basic weighted average shares			1,106				1,108
outstanding
Diluted earnings per share - estimate			1.00				0.32				216.8	%
Diluted weighted average shares outstanding			1,125				1,127

		Average for Quarter
		March 31								%
BALANCE SHEET SUMMARY		2018				2017				Change
Total loans		$	137,942			$	130,977				5.3	%
Total short term investments			23,035				14,089				63.5	%
Total investment securities			92,926				82,294				12.9	%
Earning assets			253,903				227,360				11.7	%
Total assets			260,399				234,058				11.3	%
Noninterest bearing deposits			82,622				70,654				16.9	%
Interest bearing deposits			146,206				132,946				10.0	%
Total deposits			228,828				203,600				12.4	%
Fed Funds Purchased and Repurchase Agreements			0				320				-100.0	%
Shareholders' equity		$	31,308			$	29,701				5.4	%

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		2018				2017				2017				2017				2017
Total loans		$	137,942			$	130,708			$	131,507			$	131,481			$	130,977
Total short term investments			23,035				33,929				26,349				21,563				14,089
Total investment securities			92,926				92,935				89,922				84,656				82,294
Earning assets			253,903				257,572				247,778				237,700				227,360
Total assets			260,399				264,668				254,291				244,153				234,058
Noninterest bearing deposits			82,622				81,387				75,572				73,999				70,654
Interest bearing deposits			146,206				150,771				146,331				139,407				132,946
Total deposits			228,828				232,158				221,903				213,406				203,600
Fed Funds Purchased and Repurchase Agreements			0				0				0				0				320
Shareholders' equity		$	31,308			$	31,546			$	31,428			$	30,024			$	29,701

		Quarter Ended
		March 31,				Dec 31,				Sept. 30,				June 30,				March 31,
HISTORICAL EARNINGS SUMMARY		2018				2017				2017				2017				2017
Interest income		$	2,486			$	2,407			$	2,345			$	2,244			$	2,145
Interest expense			209				192				175				150				139
Net Interest Income			2,277				2,215				2,170				2,094				2,006
Service charges on deposits			42				35				35				38				42
Other income			87				91				94				92				88
Total Non Interest Income			129				126				129				130				130
Salaries and benefits expense			628				575				520				499				508
Occupancy and equipment expense			121				112				110				106				104
Other expense			382				290				276				281				269
Total Non Interest Expense			1,131				977				906				886				881
Pretax pre-provision income			1,275				1,364				1,393				1,338				1,255
Gain on sale of securities			0				2				0				3				(1	)
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			0				507				60				60				1,000
Earnings before income taxes			1,275				859				1,333				1,281				254
Provision for income taxes			146				217				280				265				(103	)
Net Earnings		$	1,129			$	642			$	1,053			$	1,016			$	357
Diluted earnings per share		$	1.00			$	0.57			$	0.94			$	0.91			$	0.32

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		2018				2017				2017				2017				2017
Total loans		$	142,848			$	139,818			$	129,762			$	132,854			$	131,531
Total short term investments			20,766				19,027				39,662				20,090				28,599
Total investment securities			93,034				93,518				91,467				88,902				81,820
Total earning assets			256,648				252,363				260,891				241,846				241,950
Allowance for loan losses			(1,604	)			(1,600	)			(1,493	)			(2,731	)			(2,662	)
Premises and equipment			2,725				2,731				2,747				2,780				2,698
Other Assets			5,046				5,817				6,050				6,433				5,950
Total assets			262,815				259,311				268,195				248,328				247,936
Noninterest bearing deposits			86,903				84,445				79,366				75,867				78,381
Interest bearing deposits			143,929				143,638				155,790				140,577				139,409
Total deposits			230,832				228,083				235,156				216,444				217,790
Fed Funds Purchased and Repurchase Agreements			0				0				0				0				0
Other Liabilities			1,143				352				1,548				872				923
Total liabilities			231,975				228,435				236,704				217,316				218,713
Shareholders' Equity Actual			31,497				30,993				30,310				29,886				29,015
Unrealized Gain - AFS			(657	)			(117	)			1,181				1,126				208
Total Equity		$	30,840			$	30,876			$	31,491			$	31,012			$	29,223

		Quarter Ending
		March 31,				Dec 31,				Sept. 30,				June 30,				March 31,
NONPERFORMING ASSETS		2018				2017				2017				2017				2017
Nonaccrual loans		$	224			$	394			$	921			$	2,345			$	2,527
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		$	224			$	394			$	921			$	2,345			$	2,527
Accruing loans past due 30-89 days		$	0			$	0			$	0			$	0			$	0
Total nonperforming assets as a percentage
of loans and foreclosed assets			0.16	%			0.28	%			0.71	%			1.77	%			1.92	%

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		2018				2017				2017				2017				2017
Balance at beginning of period		$	1,600			$	1,493			$	2,731			$	2,662			$	1,652
Loans charged off			0				400				1,300				0				0
Loan recoveries			4				0				2				9				10
Net (charge-offs) recoveries			4				(400	)			(1,298	)			9				10
Provision for loan losses			0				507				60				60				1,000
Balance at end of period		$	1,604			$	1,600			$	1,493			$	2,731			$	2,662
Allowance for loan losses
as a percentage of total loans			1.12	%			1.14	%			1.15	%			2.06	%			2.02	%
Allowance for loan losses
as a percentage of nonperforming assets			716	%			406	%			162	%			116	%			105	%
Net charge-offs (recoveries) as a
percentage of average loans			-0.01	%			0.31	%			0.99	%			-0.01	%			-0.01	%
Provision for loan losses
as a percentage of average loans			0.00	%			0.39	%			0.05	%			0.05	%			0.76	%

		Quarter Ending
		March 31,				Dec 31,				Sept. 30,				June 30,				March 31,
SELECTED RATIOS		2018				2017				2017				2017				2017
Return on average assets (annualized)			1.73	%			0.97	%			1.66	%			1.66	%			0.61	%
Return on average equity (annualized)			14.42	%			8.14	%			13.40	%			13.54	%			4.81	%
Return on average equity (excluding unrealized gain on investments)			14.34	%			8.44	%			13.90	%			13.78	%			4.85	%
Average shareholders' equity to average assets			12.02	%			11.92	%			12.36	%			12.30	%			12.69	%
Yield on earning assets (tax equivalent)			4.19	%			4.17	%			4.22	%			4.19	%			4.20	%
Effective Cost of Funds			0.33	%			0.29	%			0.28	%			0.25	%			0.25	%
Net interest margin (tax equivalent)			3.86	%			3.88	%			3.94	%			3.94	%			3.95	%
Efficiency ratio (tax equivalent)			43.9	%			37.2	%			35.3	%			35.8	%			37.0	%
End of period book value per common share		$	27.88			$	27.92			$	28.47			$	28.04			$	26.37
End of period book value (excluding unrealized gain on investments)		$	28.48			$	28.02			$	27.41			$	27.02			$	26.19
End of period common shares outstanding (in 000's)			1,106				1,106				1,106				1,106				1,108

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

		3 Months Ending
		March 31, 2018																March 31, 2017
														Tax																Tax
		Average												Equivalent				Average												Equivalent
YIELD ANALYSIS		Balance				Interest				Yield				Yield				Balance				Interest				Yield				Yield
Interest Earning Assets:
Short term investment		$	22,661				89				1.57	%			1.57	%		$	14,089				34				0.97	%			0.97	%
FRB Stock			374				6				6.00	%			6.00	%			372				6				6.00	%			6.00	%
Taxable securities			0				0				0.00	%			0.00	%			446				1				0.90	%			0.90	%
Tax Free securities			92,926				649				2.79	%			3.53	%			81,475				545				2.68	%			3.86	%
Loans			137,942				1,742				5.05	%			5.05	%			130,977				1,559				4.76	%			4.76	%
Total Interest Earning Assets			253,903				2,486				3.92	%			4.19	%			227,359				2,145				3.77	%			4.20	%
Noninterest Earning Assets:
Cash and due from banks			3,767																4,444
Other assets			4,333																4,178
Allowance for loan losses			(1,604	)															(1,923	)
Total Noninterest Earning Assets			6,496																6,699
Total Assets		$	260,399															$	234,058
Interest Bearing Liabilities:
Transaction and Money Market accounts			120,561				146				0.48	%			0.48	%			105,954				79				0.30	%			0.30	%
Certificates and other time deposits			25,461				63				0.99	%			0.99	%			26,993				60				0.89	%			0.89	%
Other borrowings			0				0				0.30	%			0.30	%			321				0				0.30	%			0.30	%
Total Interest Bearing Liabilities			146,022				209				0.57	%			0.57	%			133,268				139				0.42	%			0.42	%
Noninterest Bearing Liabilities:
Demand deposits			82,622																70,654
Other liabilities			447																435
Shareholders' Equity			31,308																29,701
Total Liabilities and Shareholders Equity		$	260,399															$	234,058
Net Interest Income and Spread							2,277				3.34	%			3.62	%							2,006				3.36	%			3.78	%
Net Interest Margin											3.58	%			3.86	%											3.53	%			3.95	%

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

		March 31								March 31
		2018				%					2017			%
LOAN PORTFOLIO
Commercial and industrial		$	78,423				54.86	%		$	76,442				54.52	%
Real estate:
Commercial			20,664				14.46	%			20,303				18.79	%
Residential			24,766				17.33	%			20,897				16.31	%
Construction and development			18,552				12.98	%			13,065				9.04	%
Consumer			539				0.38	%			824				1.34	%
Total loans (gross)			142,944				100.00	%			131,531				100.00	%
Unearned discounts			0				0.00	%			0				0.00	%
Total loans (net)		$	142,944				100.00	%		$	131,531				100.00	%
		March 31								March 31
			2018								2017
REGULATORY CAPITAL DATA
Tier 1 Capital		$	31,497							$	29,014
Total Capital (Tier 1 + Tier 2)		$	33,101							$	30,912
Total Risk-Adjusted Assets		$	160,648							$	151,085
Tier 1 Risk-Based Capital Ratio			19.61	%							19.20	%
Total Risk-Based Capital Ratio			20.60	%							20.46	%
Tier 1 Leverage Ratio			12.10	%							12.40	%
OTHER DATA
Full Time Equivalent
Employees (FTE's)			19								17
Stock Price Range
(For the Three Months Ended):
High		$	59.83							$	63.00
Low		$	58.50							$	53.50
Close		$	59.05							$	63.00

SOURCE: Trinity Bank NA

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