SOURCE: Trinity Bank

November 21, 2007 18:20 ET

/ CORRECTION - Increase Deposits and Loan Growth Highlight Earnings at Trinity Bank

FORT WORTH, TX--(Marketwire - November 21, 2007) - In the news release, "Increase Deposits and Loan Growth Highlight Earnings at Trinity Bank," issued earlier today by Trinity Bank, N.A. (OTCBB: TYBT), we are advised by the company that the column headings of the table in the release body should read "9-30-07" and "9-30-06" rather than "6-30-07 and 6-30-06" as originally issued. Original text and corrected table only appear below.

Increase Deposits and Loan Growth Highlight Earnings at Trinity Bank

FORT WORTH, TX -- November 21, 2007 -- Trinity Bank, N.A. (OTCBB: TYBT) today announced financial results for the third quarter and the nine months ending September 30, 2007.

Results of Operations

Trinity Bank, N.A. announced Net Income After Taxes of $270,688 or $.23 per diluted common share for the third quarter of 2007, compared to $257,351 or $.22 per diluted common share for the third quarter of 2006.

For the first nine months of 2007, Net Income After Taxes amounted to $732,077 or $.63 per diluted common share, compared to $687,922, or $.60 per diluted common share for the first nine months of 2006.

Jeffrey M. Harp, President, stated, "Operating results for the third quarter of 2007 represents our twelfth consecutive quarter of increased pre-tax profit. Trinity Bank expanded its loan portfolio by 38% over last year. This loan growth was accompanied by a 39% increase in deposits. Significant improvement in loan and deposit volume contributed to a 63% increase in Pre-tax income. Net Income After Taxes increased 5.4% due to 2007 earnings being taxed at a 34% rate versus a 0% tax rate for 2006. This is the last quarter in which different tax rates impact earnings per share comparisons, and we are looking forward to more favorable comparisons in future periods."

Average for Quarter Ending

(in 000's)                  9-30-07    9-30-06     %
                           ---------  ---------  -----
Loans                      $  50,328  $  36,604   37.5%
Deposits                   $  96,942  $  69,797   38.9%

Actual for Quarter Ending

Net Interest Income        $     917  $     703   30.4%
Non-Interest Income               76         59   28.8%
Non-Interest Expense             530        472   12.3%
Loan Loss Provision               45         33   36.4%

Pre Tax Income             $     418  $     257   62.6%
Income Tax                 $     147  $       0    N/M
Net Income                 $     271  $     257    5.4%

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

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 to loan losses and the estimations of values of collateral and various financial assets and liabilities, that the cost 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 hold 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 obligations 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.

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