SOURCE: Trinity Bank

November 21, 2007 16:25 ET

Increase Deposits and Loan Growth Highlight Earnings at Trinity Bank

FORT WORTH, TX--(Marketwire - 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."

(in 000's)                  6-30-07    6-30-06     %
                           ---------  ---------  -----
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: 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 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.


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


                      Quarter Ended                 Nine Months Ended
                       September 30          %       September 30       %
EARNINGS SUMMARY      2007      2006      Change    2007      2006   Change

Interest income       1,721     1,328      29.6%    4,802     3,345   43.6%
Interest expense        804       625      28.6%    2,273     1,418   60.3%
Net Interest
 Income                 917       703      30.4%    2,529     1,927   31.2%

Provision for
 Loan Losses             45        33      36.4%      135        93   45.2%

Service charges
 on deposits             25        16      56.3%       77        58   32.8%
Other income             51        43      18.6%      176       128   37.5%
Total Non
 Interest Income         76        59      28.8%      253       186   36.0%

Salaries and
 benefits expense       278       246      13.0%      783       712   10.0%
Occupancy and
 equipment
 expense                 91        83       9.6%      262       229   14.4%
Other expense           161       143      12.6%      483       391   23.5%
Total Non
 Interest Expense       530       472      12.3%    1,528     1,332   14.7%

Earnings before
 income taxes           418       257      62.6%    1,119       688   62.6%
Provision for
 income taxes           147         0       0.0%      387         0    0.0%
Net Earnings            271       257       5.4%      732       688    6.4%

Basic earnings
 per share             0.24      0.23       4.3%     0.66      0.62    6.5%
Basic weighted
 average shares
 outstanding          1,109     1,109               1,109     1,109

Diluted earnings
 per share             0.23      0.22       4.5%     0.63      0.60    5.0%
Diluted weighted
 average shares
 outstanding          1,160     1,145               1,160     1,156




                     Average for Quarter            Average for Nine Months
                      Ending                         Ending
BALANCE SHEET        September 30,         %        September 30,      %
 SUMMARY             2007     2006      Change      2007     2006   Change

Total loans       $  50,328  $ 36,604      37.5% $ 46,654  $ 34,754   34.2%
Total short term
 investments         22,927    19,018      20.6%   22,378    19,491   14.8%
Total investment
 securities          30,778    29,938       2.8%   29,627    20,002   48.1%

Earning assets      104,033    85,560      21.6%   98,659    74,247   32.9%

Total assets        109,844    90,245      21.7%  104,312    78,967   32.1%

Noninterest
 bearing deposits    21,396    16,787      27.5%   20,032    15,095   32.7%
Interest bearing
 deposits            75,546    53,010      42.5%   69,066    49,382   39.9%

Total deposits       96,942    69,797      38.9%   89,098    64,477   38.2%

Shareholders'
 equity              11,725    10,684       9.7%   11,477    10,470    9.6%





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


                            Average for Quarter Ending
BALANCE SHEET      Sept. 30,  June 30, March 31,  Dec. 31,  Sept. 30,
 SUMMARY             2007       2007     2007      2006      2006

Total loans       $  50,328  $ 46,530  $ 42,976  $ 38,992  $ 36,604
Total short term
 investments         22,927    24,676    19,493    18,654    19,018
Total investment
 securities          30,778    26,955    31,151    33,807    29,938

Earning assets      104,033    98,161    93,620    91,453    85,560

Total assets        109,844   103,889    99,017    96,189    90,245

Noninterest
 bearing deposits    21,396    20,411    18,258    17,344    16,787
Interest bearing
 deposits            75,546    69,933    61,561    55,399    53,010

Total deposits       96,942    90,344    79,819    72,743    69,797

Repurchase
 Agreements             663     1,519     7,511    12,084     9,472

Shareholders'
 equity              11,725    11,486    11,215    10,996    10,684




                                       Quarter Ended
HISTORICAL          Sept. 30,  June 30,  March 31,  Dec. 31, Sept. 30,
 EARNINGS SUMMARY     2007      2007       2007      2006      2006

Interest income       1,721     1,602     1,479     1,442     1,328
Interest expense        804       752       716       719       625
Net Interest
 Income                 917       850       763       723       703

Provision for
 Loan Losses             45        45        45        39        33

Service charges
 on deposits             25        28        24        17        16
Other income             51        52        73        43        43
Total Non
 Interest Income         76        80        97        60        59

Salaries and
 benefits expense       278       248       257       286       246
Occupancy and
 equipment
 expense                 91        87        83        83        83
Other expense           161       178       147        92       143
Total Non
 Interest Expense       530       513       487       461       472

Earnings before
 income taxes           418       372       328       283       257
Provision for
 income taxes           147       128       111        83         0
Net Earnings            271       244       217       200       257




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

                                    Ending Balance
HISTORICAL BALANCE  Sept. 30,  June 30, March 31,  Dec. 31, Sept. 30,
 SHEET                2007      2007      2007      2006      2006

Total loans       $  50,936  $ 48,388  $ 46,189  $ 42,465  $ 37,317
Total short term
 investments         24,235    24,256    18,417    18,598    18,922
Total investment
 securities          31,685    27,907    32,817    29,750    35,766

Total earning
 assets             106,856   100,551    97,423    90,813    92,005

Allowance for
 loan losses            681       636       591       546       507
Premises and
 equipment            1,677     1,723     1,767     1,804     1,837
Other Assets          5,126     4,784     3,776     4,353     4,258

Total assets        112,978   106,422   102,375    96,424    97,593

Noninterest
 bearing deposits    22,487    19,963    19,028    18,238    16,773
Interest bearing
 deposits            77,319    73,738    63,807    59,073    55,320

Total deposits       99,806    93,701    82,835    77,311    72,093

Repurchase
 Agreements             732       756     7,595     7,594    14,330
Other Liabilities       494       388       543       375       256

Total liabilities   101,032    94,845    90,973    85,280    86,679

Shareholders'
 equity              11,946    11,577    11,402    11,144    10,914




                                      Quarter Ending
NONPERFORMING       Sept. 30, June 30,  March 31,  Dec. 31, Sept. 30,
 ASSETS              2007       2007      2007      2006      2006

Nonaccrual loans  $       0  $      0  $      0  $      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           $       0  $      0  $      0  $      0  $      0


Total
 nonperforming
 assets as a
 percentage
 of loans and
 foreclosed
 assets                0.00%     0.00%     0.00%     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         2007      2007      2007       2006     2006

Balance at
 beginning of
 period           $     636  $    591  $    546  $    507  $    474
Loans charged off         0         0         0         0         0
Loan recoveries           0         0         0         0         0
  Net (charge-offs)
   recoveries             0         0         0         0         0
Provision for
 loan losses             45        45        45        39        33
Balance at end of
 period           $     681  $    636  $    591  $    546  $    507

Allowance for
 loan losses
 as a percentage
 of total loans        1.34%     1.31%     1.22%     1.18%     1.36%
Allowance for
 loan losses
 as a percentage
 of nonperforming
 loans                  N/A       N/A       N/A       N/A       N/A
Net charge-offs
 (recoveries) as a
 percentage of
 average loans          N/A       N/A       N/A       N/A       N/A
Provision for
 loan losses
 as a percentage
 of average loans      0.08%     0.09%     0.09%     0.09%     0.09%





                                     Quarter Ending
                     Sept. 30, June 30,  March 31, Dec. 31, Sept. 30,
SELECTED RATIOS        2007     2007       2007      2006     2006

Return on average
 assets
 (annualized)          0.99%     0.94%     0.88%     0.83%     1.14%

Return on average
 equity
 (annualized)          9.25%     8.50%     7.74%     7.28%     9.62%

Average
 shareholders'
 equity to
 average assets       10.67%    11.06%    11.33%    11.43%    11.84%

Yield on earning
 assets                6.62%     6.53%     6.32%     6.31%     6.16%

Cost of interest
 bearing funds         4.22%     4.21%     4.15%     4.27%     3.95%

Net interest
 margin (tax
 equivalent)           3.53%     3.46%     3.26%     3.16%     3.28%

Efficiency ratio      53.37%    55.16%    56.63%    58.87%    61.86%

End of period
 book value per
 common share         10.77     10.44     10.28     10.05      9.84

End of period
 common shares
 outstanding          1,109     1,109     1,109     1,109     1,109





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

                                    Three Months Ending
                       September 30, 2007          September 30, 2006

                     Average                      Average
YIELD ANALYSIS       Balance  Interest    Yield   Balance  Interest  Yield

Interest Earning
 Assets:
Short term
 investment          22,927       310      5.41%   19,018       231   4.86%
Investment
 securities          30,778       352      4.57%   29,938       360   4.81%
Loans                50,328     1,059      8.42%   36,604       737   8.05%

Total Interest
 Earning Assets     104,033     1,721      6.62%   85,560     1,328   6.21%

Noninterest
 Earning Assets:
Cash and due from
 banks                3,796                         2,795
Other assets          2,667                         2,376
Allowance for
 loan losses           (652)                         (486)

Total Noninterest
 Earning Assets       5,811                         4,685

Total Assets      $ 109,844                      $ 90,245

Interest Bearing
 Liabilities:
Transaction and
 Money Market
 accounts            53,645       531      3.96%   37,836       350   3.67%
Savings deposits          0         0      0.00%        0         0   0.00%
Certificates and
 other time
 deposits            21,901       267      4.88%   15,174       165   4.31%
Other borrowings        663         6      3.62%    9,472       110   4.30%

Total Interest
 Bearing
 Liabilities         76,209       804      4.22%   62,482       625   3.95%

Noninterest
 Bearing
 Liabilities
Demand deposits      21,396                        16,787
Other liabilities       514                           292
Shareholders'
 Equity              11,725                        10,684

Total Liabilities
 and Shareholders
 Equity           $ 109,844                      $ 90,245

Net Interest
 Income and
 Spread                           917      2.40%                703   2.21%

Net Interest
 Margin (includes
 non-interest
 bearing accounts)                         3.53%                      3.29%






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

                                     Sept 30             Sept 30
                                        2007          %     2006          %
LOAN PORTFOLIO

Commercial and industrial             29,382     57.68%   20,807     55.76%
Real estate:
  Commercial                           7,292     14.32%    7,015     18.80%
  Residential                          6,815     13.38%    6,290     16.86%
  Construction and development         5,637     11.07%    1,727      4.63%
Consumer                               1,810      3.55%    1,478      3.96%

Total loans (gross)                   50,936    100.00%   37,317    100.00%

Unearned discounts                         0      0.00%        0      0.00%

Total loans (net)                     50,936    100.00%   37,317    100.00%


                                     Sept 30             Sept 30
                                        2007                2006
REGULATORY CAPITAL DATA
Tier 1 Capital                      $ 11,954            $ 11,022
Total Capital (Tier 1 + Tier 2)     $ 12,635            $ 11,529
Total Risk-Adjusted Assets          $ 63,456            $ 49,116
Tier 1 Ratio                           18.84%              22.44%
Total Capital Ratio                    19.91%              23.47%
Tier 1 Leverage Ratio                  10.89%              12.22%

OTHER DATA
Full Time Equivalent
 Employees (FTE's)                        15                  14

Stock Price Range
 (For the Quarter Ended):
  High                              $  18.00            $  17.00
  Low                               $  17.50            $  15.25
  Close                             $  18.00            $  17.00

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