FORT WORTH, TX / ACCESSWIRE / July 28, 2020 / Trinity Bank N.A. (OTC Bulletin Board:TYBT) today announced operating results for the three months ending June 30, 2020 and YTD results for the six months ending June 30, 2020.

Results of Operations

Trinity Bank, N.A. reported Net Income after Taxes of $1,130,000 or $1.00 per diluted common share for the second quarter of 2020, compared to $374,000 or $0.33 per diluted common share for the second quarter of 2019, an increase of 203.0%.

For the first six months of 2020, Net Income after Taxes amounted to $2,254,000, an increase of 43% over the first half of 2019 results of $1,576,000. Earnings per diluted common share for the first half of 2020 were $1.99, an increase of 41% over the first half of 2019 results of $1.41 per diluted common share.

Barney Wiley, President, stated, 'The primary focus in the 2Q was (and will continue to be) ADAPTING, IMPROVISING, and OVERCOMING. Our staff has performed admirably, going above and beyond expectations as our nation copes with the chaos created by the virus pandemic.'

'The main story for 2Q was the SBA Payroll Protection Program. Trinity Bank was able to participate fully (thanks to our superb operations group) despite having never made an SBA loan prior to the PPP facility. To date, we have funded 268 PPP loans totaling $51,381,000 - average loan size of $191,700. While the PPP loans are at a 1% interest rate, we did receive most of the fees from the SBA associated with PPP in June. The bank has to take these fees into income over the life of the loans (undetermined at this time). With the portion of the fees taken into income attributable to 2Q, we were able to absorb all of the extraordinary PPP expense (personnel and software) and make a substantial addition to the Reserve for Loan Losses.'

'This is an extremely challenging environment. With our core earnings (excluding PPP impact), strong capital base, asset quality, and efficiency, we remain cautiously optimistic about the future for Trinity Bank.'

Page 2 - Trinity Bank Second Quarter 2020

Page 3 - Trinity Bank Six Months YTD

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)

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

June 30,
2019 $3,042 $2,922 $2,996 $3,025 $2,977 188 381 490 493 475 2,854 2,541 2,506 2,532 2,502 39 50 48 36 42 79 78 79 104 80 118 128 127 140 122 1,037 856 740 813 788 113 114 93 120 116 412 400 370 299 375 1,562 1,370 1,203 1,232 1,279 1,410 1,299 1,430 1,440 1,345 0 0 0 12 1 0 0 0 0 0 0 0 0 0 0 125 0 0 0 1,000 1,285 1,299 1,430 1,452 346 155 175 210 206 (28) $1,130 $1,124 $1,220 $1,246 $374 $1.00 $0.99 $1.12 $1.08 $0.33

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

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

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

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

SOURCE: Trinity Bank N.A.

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