/EINPresswire.com/ -- FORT WORTH, TX--(Marketwired - Oct 26, 2016) - Trinity Bank, N.A. (OTC: TYBT) today announced operating results for the third quarter and the nine months ending September 31, 2016. The financial summary is attached for your review.

Results of Operations

For the third quarter of 2016, Trinity Bank, N.A. reported Net Income after Taxes of $1,019,000, an increase of 7.4% over third quarter 2014 earnings of $949,000. Earnings per diluted common share for the third quarter 2016 amounted to $.91, an increase of 8.3% over third quarter 2015 results of $.84 per diluted common share.

For the first nine months of 2016, Net Income after Taxes was $2,937,000, an increase of 6.6% over the nine month 2015 results of $2,756,000. Earnings per diluted common share for the first nine months of 2016 were $2.60, an increase of 6.6% over 2015 nine months results of $2.44 per diluted common share.

Jeffrey M. Harp, President, stated, "We are pleased to announce Trinity's first quarter with Net Income in excess of $1,000,000. It took us four full years of operation to make $1,000,000 for the year (2007). It is very gratifying for all of us to now be making in excess of $1,000,000 in one quarter. I would like to thank our staff, our Board, and our customers for making this possible."

"Trinity continues to perform at a high level -- Return on Assets of 1.84% and Return on Equity of 14.33% -- when compared to all local, state, and national peer groups." 

As previously announced, Trinity Bank will pay its tenth cash dividend October 31^st to shareholders of record as of October 14^th. This dividend of $.46 per share represents a 4.5% increase over the $.44 dividend that was paid in April, 2016. The Board of Directors will continue to review dividend policy on a semi-annual basis."

Average for Quarter Ending		9/30/2016				9/30/2015				%
(in 000's)
Loans		$	120,931			$	119,107			1.5	%
Deposits		$	189,344			$	179,635			5.4	%
Actual for Quarter Ending		9/30/2016				9/30/2015				%
(in 000's)
Net Interest Income		$	1,874			$	1,910			(1.9	)%
Non-Interest Income			153				130			17.7	%
Non-Interest Expense			(816	)			(839	)		(2.7	)%
Pretax Preprovision Income		$	1,211			$	1,201			.8	%
Gain on Sale of Securities and Foreclosed Assets			91				31
Loan Loss Provision			0				0
Pre Tax Income			1,302				1,232			5.7	%
Income Tax			(283	)			(283	)
Net Income		$	1,019			$	949			7.4	%
Diluted Weighted Average Shares			1,120				1,133
Earnings per Share			0.91				0.84			8.3	%
Return on Assets			1.84	%			1.83	%
Return on Equity			14.33	%			14.24	%

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.

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									Nine Months Ending
		September 30						%			September 30						%
EARNINGS SUMMARY		2016			2015			Change			2016			2015			Change
Interest income		$	2,010		$	2,007		0.1	%		$	6,070		$	5,821		4.3	%
Interest expense			136			97		40.2	%		$	396		$	291		36.1	%
Net Interest Income			1,874			1,910		-1.9	%			5,674			5,530		2.6	%
Service charges on deposits			38			46		-17.4	%		$	105		$	136		-22.8	%
Other income			115			82		40.2	%			317		$	253		25.3	%
Total Non Interest Income			153			130		17.7	%			422			389		8.5	%
Salaries and benefits expense			476			514		-7.4	%		$	1,505		$	1,397		7.7	%
Occupancy and equipment expense			72			69		4.3	%		$	225		$	195		15.4	%
Other expense			268			256		4.7	%		$	836		$	866		-3.5	%
Total Non Interest Expense			816			839		-2.7	%			2,566			2,458		4.4	%
Pretax pre-provision income			1,211			1,201		0.8	%			3,530			3,461		2.0	%
Gain on sale of securities			91			31		N/M			$	184		$	43		N/M
Gain on sale of foreclosed assets			0			0		N/M			$	0		$	70		N/M
Gain on sale of other assets			0			0		N/M			$	41		$	0		N/M
Provision for Loan Losses			0			0		N/M				0			0		N/M
Earnings before income taxes			1,302			1,232		5.7	%			3,755			3,574		5.1	%
Provision for income taxes			283			283		0.0	%		$	818		$	818		0.0	%
Net Earnings		$	1,019		$	949		7.4	%		$	2,937		$	2,756		6.6	%
Basic earnings per share			0.92			0.85		8.2	%			2.62			2.46		6.5	%
Basic weighted average shares outstanding			1,109			1,122						1,118			1,121
Diluted earnings per share			0.91			0.84		8.3	%			2.60			2.44		6.6	%
Diluted weighted average shares outstanding			1,120			1,133						1,129			1,132
		Average for Quarter									Average for Nine Months
		September 30						%			September 30						%
BALANCE SHEET SUMMARY		2016			2015			Change			2016			2015			Change
Total loans		$	120,931		$	119,107		1.5	%		$	120,099		$	115,632		3.9	%
Total short term investments			14,035			13,055		7.5	%			15,736			15,033		4.7	%
Total investment securities			81,166			70,557		15.0	%			78,851			70,992		11.1	%
Earning assets			216,132			202,719		6.6	%			214,686			201,657		6.5	%
Total assets			221,332			207,560		6.6	%			219,926			206,819		6.3	%
Noninterest bearing deposits			61,241			60,995		0.4	%			62,336			58,971		5.7	%
Interest bearing deposits			128,103			118,640		8.0	%			126,558			120,788		4.8	%
Total deposits			189,344			179,635		5.4	%			188,894			179,759		5.1	%
Fed Funds Purchased and Repurchase Agreements			361			429		-15.9	%			358			429		-16.6	%
Shareholders' equity		$	30,278		$	26,653		13.6	%		$	29,390		$	25,837		13.8	%

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)
		Average for Quarter Ending
		Sept. 30,			June 30,			March 31,			Dec 31,			Sept. 30,
BALANCE SHEET SUMMARY		2016			2016			2016			2015			2015
Total loans		$	120,931		$	118,028		$	122,069		$	124,316		$	119,107
Total short term investments			14,035			16,766			16,414			16,894			13,055
Total investment securities			81,166			80,062			76,418			71,663			70,557
Earning assets			216,132			214,856			214,901			212,873			202,719
Total assets			221,332			219,895			220,262			217,961			207,560
Noninterest bearing deposits			61,241			58,456			63,433			67,719			60,995
Interest bearing deposits			128,103			130,204			126,587			120,853			118,640
Total deposits			189,344			188,660			190,020			188,572			179,635
Fed Funds Purchased and Repurchase Agreements			361			358			355			361			429
Shareholders' equity		$	30,278		$	29,460		$	28,758		$	27,733		$	26,653
		Quarter Ended
		Sept. 30,			June 30,			March 31,			Dec 31,			Sept. 30,
HISTORICAL EARNINGS SUMMARY		2016			2016			2016			2015			2015
Interest income		$	2,010		$	2,016		$	2,043		$	2,070		$	2,007
Interest expense			136			134			126			107			97
Net Interest Income			1,874			1,882			1,917			1,963			1,910
Service charges on deposits			38			37			39			50			48
Other income			115			87			104			87			82
Total Non Interest Income			153			124			143			137			130
Salaries and benefits expense			476			520			509			627			514
Occupancy and equipment expense			72			76			78			68			69
Other expense			268			267			298			149			256
Total Non Interest Expense			816			863			885			844			839
Pretax pre-provision income			1,211			1,143			1,175			1,256			1,201
Gain on sale of securities			91			67			27			18			31
Gain on sale of foreclosed assets			0			0			0			0			0
Gain on sale of other assets			0			19			22			21			0
Provision for Loan Losses			0			0			0			76			0
Earnings before income taxes			1,302			1,229			1,224			1,219			1,232
Provision for income taxes			283			263			272			242			283
Net Earnings		$	1,019		$	966		$	952		$	977		$	949
Diluted earnings per share		$	0.91		$	0.86		$	0.84		$	0.86		$	0.84

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)
			Ending Balance
			Sept. 30,				June 30,				March 31,				Dec 31,				Sept. 30,
HISTORICAL BALANCE SHEET			2016				2016				2016				2015				2015
Total loans			$	123,995			$	117,616			$	120,214			$	127,871			$	118,146
Total short term investments				12,817				13,269				21,082				20,095				18,533
Total investment securities				80,951				79,974				78,737				72,616				70,542
Total earning assets				217,763				210,859				220,033				220,582				207,221
Allowance for loan losses				(1,644	)			(1,633	)			(1,624	)			(1,613	)			(1,528	)
Premises and equipment				1,764				1,425				1,444				1,397				1,304
Other Assets				8,918				5,353				5,189				8,008				5,381
Total assets				226,801				216,004				225,042				228,374				212,378
Noninterest bearing deposits				67,702				59,753				63,151				73,078				60,749
Interest bearing deposits				127,123				124,839				130,828				125,772				122,491
Total deposits				194,825				184,592				193,979				198,850				183,240
Fed Funds Purchased and Repurchase Agreements				361				361				355				355				429
Other Liabilities				1,793				1,235				1,842				1,095				1,582
Total liabilities				196,979				186,188				196,176				200,300				185,251
Shareholders' Equity Actual				28,106				28,097				27,180				26,755				25,818
Unrealized Gain - AFS				1,716				1,719				1,686				1,319				1,309
	Total Equity		$	29,822			$	29,816			$	28,866			$	28,074			$	27,127
			Quarter Ending
			Sept. 30,				June 30,				March 31,				Dec 31,				Sept. 30,
NONPERFORMING ASSETS			2016				2016				2015				2015				2015
Nonaccrual loans			$	3,173			$	1,349			$	1,383			$	0			$	0
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			$	3,173			$	1,349			$	1,383			$	0			$	0
Accruing loans past due 30-89 days			$	0			$	0			$	0			$	0			$	0
Total nonperforming assets as a percentage of loans and foreclosed assets				2.56	%			1.15	%			1.15	%			0.00	%			0.00	%

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)
			Quarter Ending
ALLOWANCE FOR			Sept. 30,				June 30,				March 31,				Dec 31,				Sept. 30,
LOAN LOSSES			2016				2016				2016				2015				2015
Balance at beginning of period			$	1,633			$	1,624			$	1,613			$	1,528			$	1,518
Loans charged off				0				0				0				0				0
Loan recoveries				11				9				11				9				10
	Net (charge-offs) recoveries			11				9				11				9				10
Provision for loan losses				0				0				0				76				0
Balance at end of period			$	1,644			$	1,633			$	1,624			$	1,613			$	1,528
Allowance for loan losses
as a percentage of total loans				1.33	%			1.39	%			1.35	%			1.26	%			1.29	%
Allowance for loan losses
as a percentage of nonperforming assets				52	%			121	%			117	%			N/A				N/A
Net charge-offs (recoveries) as a
percentage of average loans				-0.01	%			-0.01	%			-0.01	%			-0.01	%			-0.01	%
Provision for loan losses
as a percentage of average loans				N/A				N/A				N/A				0.06	%			N/A
			Quarter Ending
			Sept. 30,				June 30,				March 31,				Dec 31,				Sept. 30,
SELECTED RATIOS			2016				2016				2016				2015				2015
Return on average assets (annualized)				1.84	%			1.76	%			1.73	%			1.79	%			1.83	%
Return on average equity (annualized)				13.46	%			13.12	%			13.19	%			14.09	%			14.24	%
Return on average equity (excluding unrealized gain on investments)				14.33	%			13.97	%			14.01	%			14.84	%			14.68	%
Average shareholders' equity to average assets				13.68	%			13.40	%			13.06	%			12.72	%			12.84	%
Yield on earning assets (tax equivalent)				4.14	%			4.16	%			4.32	%			4.23	%			4.34	%
Effective Cost of Funds				0.26	%			0.25	%			0.24	%			0.20	%			0.19	%
Net interest margin (tax equivalent)				3.88	%			3.92	%			4.08	%			4.03	%			4.15	%
Efficiency ratio (tax equivalent)				36.2	%			38.8	%			38.4	%			36.2	%			37.0	%
End of period book value per common share			$	26.89			$	26.67			$	25.77			$	25.07			$	24.18
End of period book value (excluding unrealized gain on investments)			$	25.34			$	25.13			$	24.27			$	23.89			$	23.01
End of period common shares outstanding (in 000's)				1,109				1,118				1,120				1,120				1,122

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)
		Quarter Ending
		September 30, 2016										September 30, 2015
									Tax										Tax
		Average							Equivalent			Average							Equivalent
YIELD ANALYSIS		Balance			Interest		Yield		Yield			Balance			Interest		Yield		Yield
Interest Earning Assets:
Short term investment		$	13,663		28		0.82	%	0.82	%		$	12,685		21		0.66	%	0.66	%
Investment securities			372		6		6.00	%	6.00	%			370		6		6.00	%	6.00	%
Tax Free securities			81,166		513		2.53	%	3.64	%			70,557		440		2.49	%	3.59	%
Loans			120,931		1,463		4.84	%	4.84	%			119,107		1,540		5.17	%	5.17	%
Total Interest Earning Assets			216,132		2,010		3.72	%	4.14	%			202,719		2,007		3.96	%	4.34	%
Noninterest Earning Assets:
Cash and due from banks			3,820										4,112
Other assets			3,017										2,257
Allowance for loan losses			(1,637	)									(1,528	)
Total Noninterest Earning Assets			5,200										4,841
Total Assets		$	221,332									$	207,560
Interest Bearing Liabilities:
Transaction and Money Market accounts			102,124		78		0.31	%	0.31	%			96,860		67		0.28	%	0.28	%
Certificates and other time deposits			25,979		58		0.89	%	0.89	%			21,780		30		0.55	%	0.55	%
Other borrowings			361		0		0.30	%	0.30	%			429		0		0.25	%	0.25	%
Total Interest Bearing Liabilities			128,464		136		0.42	%	0.42	%			119,069		97		0.33	%	0.33	%
Noninterest Bearing Liabilities
Demand deposits			61,241										60,995
Other liabilities			1,349										843
Shareholders' Equity			30,278										26,653
Total Liabilities and Shareholders Equity		$	221,332									$	207,560
Net Interest Income and Spread					1,874		3.30	%	3.72	%					1,910		3.63	%	4.02	%
Net Interest Margin							3.47	%	3.88	%							3.77	%	4.15	%

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)
			September 30							September 30
			2016				%			2015				%
LOAN PORTFOLIO
Commercial and industrial			$	67,314			54.29	%		$	60,904			51.55	%
Real estate:
	Commercial			22,227			17.93	%			22,523			19.06	%
	Residential			19,398			15.64	%			19,677			16.65	%
	Construction and development			13,671			11.03	%			13,237			11.20	%
Consumer				1,385			1.12	%			1,805			1.53	%
Total loans (gross)				123,995			100.00	%			118,146			100.00	%
Unearned discounts				0			0.00	%			0			0.00	%
Total loans (net)			$	123,995			100.00	%		$	118,146			100.00	%
			September 30							September 30
			2016							2015
REGULATORY CAPITAL DATA
Tier 1 Capital			$	28,106						$	25,818
Total Capital (Tier 1 + Tier 2)			$	29,750						$	27,346
Total Risk-Adjusted Assets			$	141,322						$	131,608
Tier 1 Risk-Based Capital Ratio				19.92	%						19.62	%
Total Risk-Based Capital Ratio				21.08	%						20.78	%
Tier 1 Leverage Ratio				12.70	%						12.44	%
OTHER DATA
Full Time Equivalent
Employees (FTE's)				16							16
Stock Price Range
(For the Three Months Ended):
	High		$	50.25						$	61.00
	Low		$	49.00						$	51.00
	Close		$	50.25						$	51.00