Trinity Bank reports 2019 4th Quarter Net Income of $ 1,220,000

Full Year Net Income Of $4,043,000

FORT WORTH, TX / ACCESSWIRE / January 29, 2020 / Trinity Bank N.A. (OTC PINK:TYBT) today announced operating results for the fourth quarter and the twelve months ending December 31, 2019.

Results of Operation

For the fourth quarter 2019, Trinity Bank, N.A. reported Net Income after Taxes of $1,220,000, an increase of 1.7% over fourth quarter 2018 earnings of $1,200,000. Earnings per diluted common share for the fourth quarter 2019 amounted to $1.10, an increase of 1.9% over fourth quarter 2018 results of $1.08 per diluted common share.

For 2019, Net Income after Taxes was $4,043,000, a decrease of (13.6%) over 2018 results of $4,677,000. Earnings per diluted common share for 2019 were $3.63, a decrease of (13.4%) over 2018 results of $4.19 per diluted common share.

President Jeffrey M. Harp stated, "2019 results were favorable and yielded the second best year of performance in our 16 year history. While 2019 was a good year, it came with a few challenges. In April 2019, we identified a large problem loan relationship. We conservatively made a loan loss provision on a worst case basis. It now appears we have a reasonable chance to recover a significant portion of the debt. Further, following 9 prime rate increases from 2015 through December 2018 (and projections for at least three more increases in 2019) the Federal Reserve abruptly reversed course and decreased the prime rate three times – July, September and October 2019, creating material net interest margin pressure."

Executive Vice President Matt R. Opitz commented, "We are pleased with overall deposit growth in 2019. There were three primary factors that contributed to this above average growth:

The recovery from the unusually adverse weather conditions in late 2018 and early 2019 that affected our largest market segment- commercial construction.
We maintained a focus on providing competitive rates to attract new deposit relationships and incentivize deposit growth within our existing customer base.
Many of our customers had a great year in 2019 which generated strong positive cash flow."

In 000’s

Month end 12/31/2019

Month end 12/31/2018

∆

Loans

$ 167,589

$ 154,184

8.7 %

Deposits

$ 270,718

$ 223,647

21.0 %

Liquid Assets

$   60,603

$   13,127

361.7 %

"We have mentioned this in the past but we now find ourselves in the longest economic expansionary period in history. While we cannot predict the future, we are encouraged by the fact that we operate in one of the best markets in the country and look forward to continued growth and success in 2020."

Page 2 – Trinity Bank fourth quarter 2019 earnings

Page 3 – Trinity Bank fourth quarter 2019 earnings

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
 
 
Twelve Months Ending
 

 
December 31
 
 
 
 
 
December 31
 
 
 
 

EARNINGS SUMMARY

 
2019
 
 
2018
 
 
Change
 
 
2019
 
 
2018
 
 
Change
 

Interest income

 
$ 
2,996
 
 
$ 
2,785
 
 
 
7.6%
 
 
$ 
11,812
 
 
$ 
10,520
 
 
 
12.3%
 

Interest expense

 
 
490
 
 
 
358
 
 
 
36.9%
 
 
 
1,852
 
 
 
1,118
 
 
 
65.7%
 

Net Interest Income

 
 
2,506
 
 
 
2,427
 
 
 
3.3%
 
 
 
9,960
 
 
 
9,402
 
 
 
5.9%
 

Service charges on deposits

 
 
48
 
 
 
31
 
 
 
54.8%
 
 
 
175
 
 
 
148
 
 
 
18.2%
 

Other income

 
 
79
 
 
 
101
 
 
 
-21.8%
 
 
 
338
 
 
 
399
 
 
 
-15.3%
 

Total Non Interest Income

 
 
127
 
 
 
132
 
 
 
-3.8%
 
 
 
513
 
 
 
547
 
 
 
-6.2%
 

Salaries and benefits expense

 
 
740
 
 
 
757
 
 
 
-2.2%
 
 
 
3,104
 
 
 
2,823
 
 
 
10.0%
 

Occupancy and equipment expense

 
 
93
 
 
 
120
 
 
 
-22.5%
 
 
 
436
 
 
 
466
 
 
 
-6.4%
 

Other expense

 
 
370
 
 
 
289
 
 
 
28.0%
 
 
 
1,301
 
 
 
1,245
 
 
 
4.5%
 

Total Non Interest Expense

 
 
1,203
 
 
 
1,166
 
 
 
3.2%
 
 
 
4,841
 
 
 
4,534
 
 
 
6.8%
 

Pretax pre-provision income

 
 
1,430
 
 
 
1,393
 
 
 
2.7%
 
 
 
5,632
 
 
 
5,415
 
 
 
4.0%
 

Gain on sale of securities

 
 
0
 
 
 
3
 
 
 
N/M
 
 
 
10
 
 
 
14
 
 
 
N/M
 

Provision for Loan Losses

 
 
0
 
 
 
30
 
 
 
N/M
 
 
 
1,030
 
 
 
90
 
 
 
N/M
 

Earnings before income taxes

 
 
1,430
 
 
 
1,366
 
 
 
4.7%
 
 
 
4,612
 
 
 
5,339
 
 
 
-13.6%
 

Provision for income taxes

 
 
210
 
 
 
166
 
 
 
26.5%
 
 
 
569
 
 
 
662
 
 
 
-14.0%
 

Net Earnings

 
$ 
1,220
 
 
$ 
1,200
 
 
 
1.7%
 
 
$ 
4,043
 
 
$ 
4,677
 
 
 
-13.6%
 

Basic earnings per share

 
 
1.12
 
 
 
1.09
 
 
 
2.4%
 
 
 
3.69
 
 
 
4.24
 
 
 
-13.0%
 

Basic weighted average shares outstanding

 
 
1,092
 
 
 
1,100
 
 
 
 
 
 
 
1,096
 
 
 
1,102
 
 
 
 
 

Diluted earnings per share – estimate

 
 
1.10
 
 
 
1.08
 
 
 
1.9%
 
 
 
3.63
 
 
 
4.19
 
 
 
-13.4%
 

Diluted weighted average shares outstanding

 
 
1,111
 
 
 
1,115
 
 
 
 
 
 
 
1,115
 
 
 
1,117
 
 
 
 
 

 
 
Average for Quarter
 
 
Average for Twelve Months
 

 
 
December 31
 
 
 
 
 
December 31
 
 
 
 

BALANCE SHEET SUMMARY

 
 
2019
 
 
 
2018
 
 
Change
 
 
 
2019
 
 
 
2018
 
 
Change
 

Total loans

 
$ 
154,764
 
 
$ 
144,801
 
 
 
6.9%
 
 
$ 
154,842
 
 
$ 
143,869
 
 
 
7.6%
 

Total short term investments

 
 
69,110
 
 
 
23,175
 
 
 
198.2%
 
 
 
36,120
 
 
 
18,854
 
 
 
91.6%
 

Total investment securities

 
 
70,508
 
 
 
79,700
 
 
 
-11.5%
 
 
 
74,127
 
 
 
84,427
 
 
 
-12.2%
 

Earning assets

 
 
294,382
 
 
 
247,676
 
 
 
18.9%
 
 
 
265,089
 
 
 
247,150
 
 
 
7.3%
 

Total assets

 
 
301,596
 
 
 
255,113
 
 
 
18.2%
 
 
 
272,704
 
 
 
254,343
 
 
 
7.2%
 

Noninterest bearing deposits

 
 
101,932
 
 
 
81,187
 
 
 
25.6%
 
 
 
81,381
 
 
 
81,783
 
 
 
-0.5%
 

Interest bearing deposits

 
 
168,784
 
 
 
141,081
 
 
 
19.6%
 
 
 
154,650
 
 
 
139,807
 
 
 
10.6%
 

Total deposits

 
 
270,716
 
 
 
222,268
 
 
 
21.8%
 
 
 
236,031
 
 
 
221,590
 
 
 
6.5%
 

Fed Funds Purchased and Repurchase Agreements

 
 
0
 
 
 
0
 
 
 
N/M
 
 
 
292
 
 
 
390
 
 
 
N/M
 

Shareholders' equity

 
$ 
35,382
 
 
$ 
31,948
 
 
 
10.7%
 
 
$ 
35,009
 
 
$ 
31,664
 
 
 
10.6%
 

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

 
Average for Quarter Ending
 

 
Dec 31,
 
 
Sept. 30,
 
 
June 30,
 
 
March 31,
 
 
Dec 31,
 

BALANCE SHEET SUMMARY

 
2019
 
 
2019
 
 
2019
 
 
2019
 
 
2018
 

Total loans

 
$
154,764
 
 
$
156,304
 
 
$
156,571
 
 
$
152,227
 
 
$
144,801
 

Total short term investments

 
 
69,110
 
 
 
35,991
 
 
 
26,034
 
 
 
12,728
 
 
 
23,175
 

Total investment securities

 
 
70,508
 
 
 
72,212
 
 
 
74,627
 
 
 
79,278
 
 
 
79,700
 

Earning assets

 
 
294,382
 
 
 
264,507
 
 
 
257,232
 
 
 
244,233
 
 
 
247,676
 

Total assets

 
 
301,596
 
 
 
272,245
 
 
 
264,826
 
 
 
251,901
 
 
 
255,113
 

Noninterest bearing deposits

 
 
101,932
 
 
 
82,822
 
 
 
73,665
 
 
 
73,881
 
 
 
81,187
 

Interest bearing deposits

 
 
168,784
 
 
 
152,296
 
 
 
154,918
 
 
 
142,339
 
 
 
141,081
 

Total deposits

 
 
270,716
 
 
 
235,118
 
 
 
228,583
 
 
 
216,220
 
 
 
222,268
 

Fed Funds Purchased and Repurchase Agreements

 
 
0
 
 
 
0
 
 
 
0
 
 
 
1,187
 
 
 
0
 

Shareholders' equity

 
$
35,382
 
 
$
36,081
 
 
$
35,301
 
 
$
33,940
 
 
$
31,948
 

 
 
Quarter Ended
 

 
 
 
Dec 31,
 
 
 
Sept. 30,
 
 
 
June 30,
 
 
 
March 31,
 
 
 
Dec 31,
 

HISTORICAL EARNINGS SUMMARY

 
 
2019
 
 
 
2019
 
 
 
2019
 
 
 
2019
 
 
 
2018
 

Interest income

 
$
2,996
 
 
$
3,025
 
 
$
2,977
 
 
$
2,814
 
 
$
2,785
 

Interest expense

 
 
490
 
 
 
493
 
 
 
475
 
 
 
394
 
 
 
358
 

Net Interest Income

 
 
2,506
 
 
 
2,532
 
 
 
2,502
 
 
 
2,420
 
 
 
2,427
 

Service charges on deposits

 
 
48
 
 
 
36
 
 
 
42
 
 
 
40
 
 
 
31
 

Other income

 
 
79
 
 
 
104
 
 
 
80
 
 
 
83
 
 
 
101
 

Total Non Interest Income

 
 
127
 
 
 
140
 
 
 
122
 
 
 
123
 
 
 
132
 

Salaries and benefits expense

 
 
740
 
 
 
813
 
 
 
788
 
 
 
763
 
 
 
757
 

Occupancy and equipment expense

 
 
93
 
 
 
120
 
 
 
116
 
 
 
107
 
 
 
120
 

Other expense

 
 
370
 
 
 
299
 
 
 
375
 
 
 
259
 
 
 
289
 

Total Non Interest Expense

 
 
1,203
 
 
 
1,232
 
 
 
1,279
 
 
 
1,129
 
 
 
1,166
 

Pretax pre-provision income

 
 
1,430
 
 
 
1,440
 
 
 
1,345
 
 
 
1,414
 
 
 
1,393
 

Gain on sale of securities

 
 
0
 
 
 
12
 
 
 
1
 
 
 
(2
)
 
 
3
 

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
 
 
 
0
 
 
 
1,000
 
 
 
30
 
 
 
30
 

Earnings before income taxes

 
 
1,430
 
 
 
1,452
 
 
 
346
 
 
 
1,382
 
 
 
1,366
 

Provision for income taxes

 
 
210
 
 
 
206
 
 
 
(28
)
 
 
180
 
 
 
166
 

Net Earnings

 
$
1,220
 
 
$
1,246
 
 
$
374
 
 
$
1,202
 
 
$
1,200
 

Diluted earnings per share

 
$
1.12
 
 
$
1.08
 
 
$
0.33
 
 
$
1.08
 
 
$
1.08
 

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

 
Ending Balance
 

 
Dec 31,
 
 
Sept. 30,
 
 
June 30,
 
 
March 31,
 
 
Dec 31,
 

HISTORICAL BALANCE SHEET

 
2019
 
 
2019
 
 
2019
 
 
2019
 
 
2018
 

Total loans

 
$
167,587
 
 
$
157,475
 
 
$
156,014
 
 
$
160,028
 
 
$
154,184
 

Total short term investments

 
 
60,603
 
 
 
56,328
 
 
 
19,321
 
 
 
14,160
 
 
 
13,127
 

Total investment securities

 
 
70,804
 
 
 
71,394
 
 
 
72,014
 
 
 
75,906
 
 
 
81,896
 

Total earning assets

 
 
298,994
 
 
 
285,197
 
 
 
247,349
 
 
 
250,094
 
 
 
249,207
 

Allowance for loan losses

 
 
(2,262
)
 
 
(2,259
)
 
 
(2,224
)
 
 
(1,703
)
 
 
(1,671
)

Premises and equipment

 
 
2,560
 
 
 
2,544
 
 
 
2,580
 
 
 
2,613
 
 
 
2,627
 

Other Assets

 
 
9,770
 
 
 
9,513
 
 
 
8,040
 
 
 
5,506
 
 
 
7,018
 

Total assets

 
 
309,062
 
 
 
294,995
 
 
 
255,745
 
 
 
256,510
 
 
 
257,181
 

Noninterest bearing deposits

 
 
100,527
 
 
 
97,519
 
 
 
76,168
 
 
 
69,934
 
 
 
85,668
 

Interest bearing deposits

 
 
170,191
 
 
 
159,712
 
 
 
143,710
 
 
 
150,895
 
 
 
137,979
 

Total deposits

 
 
270,718
 
 
 
257,231
 
 
 
219,878
 
 
 
220,829
 
 
 
223,647
 

Fed Funds Purchased and Repurchase Agreements

 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 

Other Liabilities

 
 
1,047
 
 
 
1,830
 
 
 
614
 
 
 
1,158
 
 
 
701
 

Total liabilities

 
 
271,765
 
 
 
259,061
 
 
 
220,492
 
 
 
221,987
 
 
 
224,348
 

Shareholders' Equity Actual

 
 
35,858
 
 
 
34,920
 
 
 
34,572
 
 
 
34,522
 
 
 
34,051
 

Unrealized Gain – AFS

 
 
1,439
 
 
 
1,014
 
 
 
681
 
 
 
1
 
 
 
(1,218)
 

Total Equity

 
$
37,297
 
 
$
35,934
 
 
$
35,253
 
 
$
34,523
 
 
$
32,833
 

 
 
Quarter Ending
 

 
 
 
Dec 31,
 
 
 
Sept. 30,
 
 
 
June 30,
 
 
 
March 31,
 
 
 
Dec 31,
 

NONPERFORMING ASSETS

 
 
2019
 
 
 
2019
 
 
 
2019
 
 
 
2019
 
 
 
2018
 

Nonaccrual loans

 
$
419
 
 
$
432
 
 
$
446
 
 
$
952
 
 
$
60
 

Restructured loans

 
$
0
 
 
$
0
 
 
$
0
 
 
$
0
 
 
$
0
 

Other real estate & foreclosed assets

 
$
320
 
 
$
320
 
 
$
320
 
 
$
0
 
 
$
0
 

Accruing loans past due 90 days or more

 
$
0
 
 
$
0
 
 
$
0
 
 
$
0
 
 
$
0
 

Total nonperforming assets

 
$
739
 
 
$
752
 
 
$
766
 
 
$
952
 
 
$
60
 

Accruing loans past due 30-89 days

 
$
0
 
 
$
0
 
 
$
0
 
 
$
477
 
 
$
0
 

Total nonperforming assets as a percentage

of loans and foreclosed assets

 
 
0.44
%
 
 
0.45
%
 
 
0.49
%
 
 
0.59
%
 
 
0.04
%

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

 
Quarter Ending
 

ALLOWANCE FOR

 
Dec 31,
 
 
Sept. 30,
 
 
June 30,
 
 
March 31,
 
 
Dec 31,
 

LOAN LOSSES

 
2019
 
 
2019
 
 
2019
 
 
2019
 
 
2018
 

Balance at beginning of period

 
$
2,259
 
 
$
2,224
 
 
$
1,703
 
 
$
1,671
 
 
$
1,664
 

Loans charged off

 
 
0
 
 
 
0
 
 
 
498
 
 
 
0
 
 
 
23
 

Loan recoveries

 
 
3
 
 
 
35
 
 
 
19
 
 
 
2
 
 
 
0
 

Net (charge-offs) recoveries

 
 
3
 
 
 
35
 
 
 
(479
)
 
 
2
 
 
 
(23
)

Provision for loan losses

 
 
0
 
 
 
0
 
 
 
1,000
 
 
 
30
 
 
 
30
 

Balance at end of period

 
$
2,262
 
 
$
2,259
 
 
$
2,224
 
 
$
1,703
 
 
$
1,671
 

Allowance for loan losses

as a percentage of total loans

 
 
1.35
%
 
 
1.43
%
 
 
1.43
%
 
 
1.06
%
 
 
1.08
%

Allowance for loan losses

as a percentage of nonperforming assets

 
 
306
%
 
 
300
%
 
 
290
%
 
 
179
%
 
 
2785
%

Net charge-offs (recoveries) as a

percentage of average loans

 
 
0.00
%
 
 
-0.02
%
 
 
0.31
%
 
 
-0.01
%
 
 
0.02
%

Provision for loan losses

as a percentage of average loans

 
 
0.00
%
 
 
0.00
%
 
 
0.64
%
 
 
0.02
%
 
 
0.02
%

 
Quarter Ending

 
Dec 31,

Sept. 30,

 
 
June 30,
 
 
March 31,
 
 
Dec 31,
 

SELECTED RATIOS

 
 
2019
 
 
 
2019
 
 
 
2019
 
 
 
2019
 
 
 
2018
 

Return on average assets (annualized)

 
 
1.62
%
 
 
1.83
%
 
 
0.56
%
 
 
1.91
%
 
 
1.88
%

Return on average equity (annualized)

 
 
13.34
%
 
 
13.81
%
 
 
4.24
%
 
 
14.17
%
 
 
15.02
%

Return on average equity (excluding unrealized gain on investments)

 
 
13.79
%
 
 
14.21
%
 
 
4.27
%
 
 
13.90
%
 
 
14.39
%

Average shareholders' equity to average assets

 
 
11.73
%
 
 
13.25
%
 
 
13.33
%
 
 
13.47
%
 
 
12.52
%

Yield on earning assets (tax equivalent)

 
 
4.67
%
 
 
4.79
%
 
 
4.85
%
 
 
4.86
%
 
 
4.75
%

Effective Cost of Funds

 
 
0.70
%
 
 
0.75
%
 
 
0.74
%
 
 
0.64
%
 
 
0.58
%

Net interest margin (tax equivalent)

 
 
3.97
%
 
 
4.04
%
 
 
4.11
%
 
 
4.22
%
 
 
4.17
%

Efficiency ratio (tax equivalent)

 
 
43.4
%
 
 
43.8
%
 
 
46.2
%
 
 
41.9
%
 
 
37.9
%

End of period book value per common share

 
$
34.22
 
 
$
32.85
 
 
$
32.14
 
 
$
31.44
 
 
$
29.85
 

End of period book value (excluding unrealized gain on investments)

 
$
32.90
 
 
$
31.92
 
 
$
31.52
 
 
$
31.44
 
 
$
30.96
 

End of period common shares outstanding (in 000's)

 
 
1,090
 
 
 
1,094
 
 
 
1,097
 
 
 
1,098
 
 
 
1,100
 

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

 
Twelve Months Ending
 

 
December 31,2019
 
 
December 31,2018
 

 
 
 
 
 
 
 
 
 
 
Tax
 
 
 
 
 
 
 
 
 
 
 
Tax
 

 
Average
 
 
 
 
 
 
 
 
Equivalent
 
 
Average
 
 
 
 
 
 
 
 
Equivalent
 

YIELD ANALYSIS

 
Balance
 
 
Interest
 
 
Yield
 
 
Yield
 
 
Balance
 
 
Interest
 
 
Yield
 
 
Yield
 

Interest Earning Assets:

Short term investment

 
$ 
35,738
 
 
 
708
 
 
 
1.98%
 
 
 
1.98
 
 
$ 
18,478
 
 
 
378
 
 
 
2.05
 
 
 
2.05%
 

FRB Stock

 
 
382
 
 
 
23
 
 
 
6.00%
 
 
 
6.00
 
 
 
367
 
 
 
23
 
 
 
6.00
 
 
 
6.00%
 

Taxable securities

 
 
622
 
 
 
13
 
 
 
2.09%
 
 
 
2.09
 
 
 
0
 
 
 
0
 
 
 
0.00
 
 
 
0.00%
 

Tax Free securities

 
 
73,505
 
 
 
2,160
 
 
 
2.94%
 
 
 
3.72
 
 
 
84,427
 
 
 
2,387
 
 
 
2.83
 
 
 
3.58%
 

Loans

 
 
154,938
 
 
 
8,908
 
 
 
5.75%
 
 
 
5.75
 
 
 
143,869
 
 
 
7,732
 
 
 
5.37
 
 
 
5.37%
 

Total Interest Earning Assets

 
 
265,185
 
 
 
11,812
 
 
 
4.45%
 
 
 
4.67
 
 
 
247,141
 
 
 
10,520
 
 
 
4.26
 
 
 
4.51%
 

Noninterest Earning Assets:

Cash and due from banks

 
 
5,100
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
4,411
 
 
 
 
 
 
 
 
 
 
 
 
 

Other assets

 
 
4,406
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
4,427
 
 
 
 
 
 
 
 
 
 
 
 
 

Allowance for loan losses

 
 
(1,987
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1,636
)
 
 
 
 
 
 
 
 
 
 
 
 

Total Noninterest Earning Assets

 
 
7,519
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
7,202
 
 
 
 
 
 
 
 
 
 
 
 
 

Total Assets

 
$ 
272,704
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$ 
254,343
 
 
 
 
 
 
 
 
 
 
 
 
 

Interest Bearing Liabilities:

Transaction and Money Market accounts

 
 
121,613
 
 
 
1,217
 
 
 
1.00
 
 
 
1.00
 
 
 
115,271
 
 
 
797
 
 
 
0.69
 
 
 
0.69
 

Certificates and other time deposits

 
 
33,037
 
 
 
626
 
 
 
1.89
 
 
 
1.89
 
 
 
24,536
 
 
 
311
 
 
 
1.27
 
 
 
1.27
 

Other borrowings

 
 
293
 
 
 
9
 
 
 
3.07
 
 
 
3.07
 
 
 
390
 
 
 
10
 
 
 
2.56
 
 
 
2.56
 

Total Interest Bearing Liabilities

 
 
154,943
 
 
 
1,852
 
 
 
1.20
 
 
 
1.20
 
 
 
140,197
 
 
 
1,118
 
 
 
0.80
 
 
 
0.80
 

Noninterest Bearing Liabilities:

Demand deposits

 
 
81,381
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
81,783
 
 
 
 
 
 
 
 
 
 
 
 
 

Other liabilities

 
 
1,371
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
699
 
 
 
 
 
 
 
 
 
 
 
 
 

Shareholders' Equity

 
 
35,009
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
31,664
 
 
 
 
 
 
 
 
 
 
 
 
 

Total Liabilities and Shareholders Equity

 
$ 
272,704
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$ 
254,343
 
 
 
 
 
 
 
 
 
 
 
 
 

Net Interest Income and Spread

 
 
 
 
 
 
9,960
 
 
 
3.26%
 
 
 
3.47%
 
 
 
 
 
 
 
9,402
 
 
 
3.46%
 
 
 
3.71%
 

Net Interest Margin

 
 
 
 
 
 
 
 
 
 
3.76%
 
 
 
3.97%
 
 
 
 
 
 
 
 
 
 
 
3.50%
 
 
 
4.06%
 

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

 
Quarter Ending
 
 
Quarter Ending
 

 
December 31
 
 
 
 
 
December 31
 
 
 
 

 
2019
 
 
 
 
 
2018
 
 
 
 

LOAN PORTFOLIO

Commercial and industrial

 
$ 
98,099
 
 
 
58.54
 
 
$ 
80,226
 
 
 
57.38
 

Real estate:

Commercial

 
 
24,133
 
 
 
14.40%
 
 
 
18,672
 
 
 
13.35%
 

Residential

 
 
23,115
 
 
 
13.79%
 
 
 
24,335
 
 
 
17.40%
 

Construction and development

 
 
21,692
 
 
 
12.94%
 
 
 
15,885
 
 
 
11.36%
 

Consumer

 
 
548
 
 
 
0.33%
 
 
 
700
 
 
 
0.50%
 

Total loans (gross)

 
 
167,587
 
 
 
100.00%
 
 
 
139,818
 
 
 
100.00%
 

Unearned discounts

 
 
0
 
 
 
0.00%
 
 
 
0
 
 
 
0.00%
 

Total loans (net)

 
$ 
167,587
 
 
 
100.00%
 
 
$ 
139,818
 
 
 
100.00%
 

 
 
 
December 31
 
 
 
 
 
 
 
December 31
 
 
 
 
 

 
 
2019
 
 
 
 
 
 
 
2018
 
 
 
 
 

REGULATORY CAPITAL DATA

Tier 1 Capital

 
$ 
35,859
 
 
 
 
 
 
$ 
34,051
 
 
 
 
 

Total Capital (Tier 1 + Tier 2)

 
$ 
38,121
 
 
 
 
 
 
$ 
35,722
 
 
 
 
 

Total Risk-Adjusted Assets

 
$ 
181,050
 
 
 
 
 
 
$ 
171,326
 
 
 
 
 

Tier 1 Risk-Based Capital Ratio

 
 
19.81
 
 
 
 
 
 
 
19.88
 
 
 
 
 

Total Risk-Based Capital Ratio

 
 
21.06
 
 
 
 
 
 
 
20.85
 
 
 
 
 

Tier 1 Leverage Ratio

 
 
11.89
 
 
 
 
 
 
 
13.35
 
 
 
 
 

OTHER DATA

Full Time Equivalent

Employees (FTE's)

 
 
22
 
 
 
 
 
 
 
20
 
 
 
 
 

Stock Price Range

(For the Three Months Ended):

High

 
$ 
65.50
 
 
 
 
 
 
$ 
67.00
 
 
 
 
 

Low

 
$ 
62.00
 
 
 
 
 
 
$ 
59.05
 
 
 
 
 

Close

 
$ 
64.98
 
 
 
 
 
 
$ 
65.50
 
 
 
 
 

SOURCE: Trinity Bank N.A.

ReleaseID: 574545