CORRECTION: Trinity Bank Reports 4Q and FYE 2018 Results

This press release replaces the press release disseminated January 22, 2019 at 3:35PM ET. The press release contained an incorrect September 2018 Diluted earnings per share and has been corrected in the version below.

FORT WORTH, TX / ACCESSWIRE / January 28, 2019 / Trinity Bank N.A. (OTC PINK: TYBT) today announced financial and operating results for the fourth quarter and for the twelve months ended December 31, 2018.

		4Q				2018
Net Income (in 000's)		$	1,200			$	4,677
Return on Average Assets			1.88	%			1.84	%
Return on Average Equity			15.02	%			14.77	%

Trinity Bank, N.A. reported Net Income after Taxes for the fourth quarter of 2018 of $1,200,000 or $1.08 per diluted common share, compared to $642,000 or $.57 per diluted common share for the fourth quarter of 2017, an increase of 87.9%.

For the year 2018, Net Income After Taxes amounted to $4,677,000, or $4.19 per diluted common share, compared to $3,068,000, or $2.74 per diluted common share for 2017, an increase of 53.0%.

Jeffrey M. Harp, President, stated, "2018 results reflect Trinity Bank's return to its historical level of performance (see below). Superior results are indicative of an outstanding staff providing exceptional customer service."

Trinity Bank

		2018				Peer Group (9-30-18)				2017				2016				2015				2014
Return on Assets			1.84	%			1.24	%			1.23	%			1.79	%			1.79	%			1.68	%
Return on Equity			14.77	%			11.66	%			10.22	%			14.32	%			14.69	%			14.29	%

Executive Vice-President Matt Opitz remarked, "Over the last two years, Trinity has made a substantial investment in our physical facility and in additional staff. These investments are already generating a positive return to shareholders. In 2019, we plan on adding staff, both revenue producers and support staff, in order to achieve our goal for continual organic growth. While focusing on internal growth, we continue to be open to expanding geographically in the North Texas market or acquiring another institution if the right opportunity presents itself."

Page 2 - Trinity Bank fourth quarter 2018

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		2018				2017				Change				2018				2017				Change
Interest income		$	2,785			$	2,407				15.7	%		$	10,520			$	9,141				15.1	%
Interest expense			358				192				86.5	%			1,118				656				70.4	%
Net Interest Income			2,427				2,215				9.6	%			9,402				8,485				10.8	%
Service charges on deposits			31				35				-11.4	%			148				149				-0.7	%
Other income			101				91				11.0	%			399				366				9.0	%
Total Non Interest Income			132				126				4.8	%			547				515				6.2	%
Salaries and benefits expense			757				575				31.7	%			2,823				2,102				34.3	%
Occupancy and equipment expense			120				112				7.1	%			466				432				7.9	%
Other expense			289				290				-0.3	%			1,245				1,116				11.6	%
Total Non Interest Expense			1,166				977				19.3	%			4,534				3,650				24.2	%
Pretax pre-provision income			1,393				1,364				2.1	%			5,415				5,350				1.2	%
Gain on sale of securities			3				2				N/M				14				4				N/M
Gain on sale of assets			0				0				N/M				0				0				N/M
Provision for Loan Losses			30				507				N/M				90				1,627				N/M
Earnings before income taxes			1,366				859				59.0	%			5,339				3,727				43.3	%
Provision for income taxes			166				217				-23.5	%			662				659				0.5	%
Net Earnings		$	1,200			$	642				86.9	%		$	4,677			$	3,068				52.4	%
Basic earnings per share			1.09				0.58				87.9	%			4.24				2.77				53.0	%
Basic weighted average shares			1,100				1,106								1,102				1,106
outstanding
Diluted earnings per share			1.08				0.57				87.9	%			4.19				2.74				53.0	%
Diluted weighted average shares outstanding			1,115				1,121								1,117				1,121

		Average for Quarter												Average for Twelve Months
		December 31								%				December 31								%
BALANCE SHEET SUMMARY		2018				2017				Change				2018				2017				Change
Total loans		$	144,801			$	130,708				10.8	%		$	143,869			$	131,126				9.7	%
Total short term investments			23,175				33,929				-31.7	%			18,854				24,136				-21.9	%
Total investment securities			79,700				92,935				-14.2	%			84,427				87,396				-3.4	%
Earning assets			247,676				257,572				-3.8	%			247,150				242,658				1.9	%
Total assets			255,113				264,668				-3.6	%			254,343				249,390				2.0	%
Noninterest bearing deposits			81,187				81,387				-0.2	%			81,783				75,434				8.4	%
Interest bearing deposits			141,081				150,771				-6.4	%			139,807				142,423				-1.8	%
Total deposits			222,268				232,158				-4.3	%			221,590				217,857				1.7	%
Fed Funds Purchased and Repurchase Agreements			0				0				0.0	%			390				79				393.7	%
Shareholders' equity		$	31,948			$	31,546				1.3	%		$	31,664			$	30,682				3.2	%

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		2018				2018				2018				2018				2017
Total loans		$	144,801			$	145,280			$	147,227			$	137,942			$	130,708
Total short term investments			23,175				18,368				10,843				23,035				33,929
Total investment securities			79,700				80,509				84,981				92,926				92,935
Earning assets			247,676				244,157				243,051				253,903				257,572
Total assets			255,113				251,839				250,070				260,399				264,668
Noninterest bearing deposits			81,187				83,151				80,637				82,622				81,387
Interest bearing deposits			141,081				135,815				135,940				146,206				150,771
Total deposits			222,268				218,966				216,577				228,828				232,158
Fed Funds Purchased and Repurchase Agreements			0				0				1,566				0				0
Shareholders' equity		$	31,948			$	32,151			$	31,236			$	31,308			$	31,546

		Quarter Ended
		Dec 31,				Sept. 30,				June 30,				March 31,				Dec 31,
HISTORICAL EARNINGS SUMMARY		2018				2018				2018				2018				2017
Interest income		$	2,785			$	2,658			$	2,591			$	2,486			$	2,407
Interest expense			358				309				241				209				192
Net Interest Income			2,427				2,349				2,350				2,277				2,215
Service charges on deposits			31				38				37				42				35
Other income			101				111				100				87				91
Total Non Interest Income			132				149				137				129				126
Salaries and benefits expense			757				707				731				628				575
Occupancy and equipment expense			120				119				106				121				112
Other expense			289				272				302				382				290
Total Non Interest Expense			1,166				1,098				1,139				1,131				977
Pretax pre-provision income			1,393				1,400				1,348				1,275				1,364
Gain on sale of securities			3				4				7				0				2
Gain on sale of other assets			0				0				0				0				0
Provision for Loan Losses			30				30				30				0				507
Earnings before income taxes			1,366				1,374				1,325				1,275				859
Provision for income taxes			166				184				166				146				217
Net Earnings		$	1,200			$	1,190			$	1,159			$	1,129			$	642
Diluted earnings per share		$	1.08			$	1.07			$	1.03			$	1.00			$	0.57

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		2018				2018				2018				2018				2017
Total loans		$	154,184			$	143,846			$	150,833			$	142,848			$	139,818
Total short term investments			13,127				23,080				7,454				20,766				19,027
Total investment securities			81,896				79,234				78,840				93,034				93,518
Total earning assets			249,207				246,160				237,127				256,648				252,363
Allowance for loan losses			(1,671	)			(1,664	)			(1,634	)			(1,604	)			(1,600	)
Premises and equipment			2,627				2,652				2,729				2,725				2,731
Other Assets			7,018				5,892				7,582				5,046				5,817
Total assets			257,181				253,040				245,804				262,815				259,311
Noninterest bearing deposits			85,668				81,856				79,678				86,903				84,445
Interest bearing deposits			137,979				137,926				133,922				143,929				143,638
Total deposits			223,647				219,782				213,600				230,832				228,083
Fed Funds Purchased and Repurchase Agreements			0				0				0				0				0
Other Liabilities			701				1,311				610				1,143				352
Total liabilities			224,348				221,093				214,210				231,975				228,435
Shareholders' Equity Actual			34,051				32,772				32,244				31,497				30,993
Unrealized Gain - AFS			(1,218	)			(825	)			(650	)			(657	)			(117	)
Total Equity		$	32,833			$	31,947			$	31,594			$	30,840			$	30,876

		Quarter Ending
		Dec 31,				Sept. 30,				June 30,				March 31,				Dec 31,
NONPERFORMING ASSETS		2018				2018				2018				2018				2017
Nonaccrual loans		$	60			$	137			$	179			$	224			$	394
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		$	60			$	137			$	179			$	224			$	394
Accruing loans past due 30-89 days		$	0			$	456			$	458			$	0			$	0
Total nonperforming assets as a percentage
of loans and foreclosed assets			0.04	%			0.10	%			0.12	%			0.16	%			0.28	%

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		2018				2018				2018				2018				2017
Balance at beginning of period		$	1,664			$	1,634			$	1,604			$	1,600			$	1,493
Loans charged off			23				0				0				0				400
Loan recoveries			0				0				0				4				0
Net (charge-offs) recoveries			(23	)			0				0				4				(400	)
Provision for loan losses			30				30				30				0				507
Balance at end of period		$	1,671			$	1,664			$	1,634			$	1,604			$	1,600
Allowance for loan losses
as a percentage of total loans			1.08	%			1.10	%			1.08	%			1.12	%			1.14	%
Allowance for loan losses
as a percentage of nonperforming assets			2785	%			930	%			913	%			716	%			406	%
Net charge-offs (recoveries) as a
percentage of average loans			0.02	%			0.00	%			0.00	%			-0.01	%			0.31	%
Provision for loan losses
as a percentage of average loans			0.02	%			0.02	%			0.02	%			0.00	%			0.39	%

		Quarter Ending
		Dec 31,				Sept. 30,				June 30,				March 31,				Dec 31,
SELECTED RATIOS		2018				2018				2018				2018				2017
Return on average assets (annualized)			1.88	%			1.89	%			1.85	%			1.73	%			0.97	%
Return on average equity (annualized)			15.02	%			14.81	%			14.84	%			14.42	%			8.14	%
Return on average equity (excluding unrealized gain on investments)			15.57	%			14.53	%			14.51	%			14.34	%			8.44	%
Average shareholders' equity to average assets			12.52	%			12.77	%			12.49	%			12.02	%			11.92	%
Yield on earning assets (tax equivalent)			4.75	%			4.59	%			4.53	%			4.19	%			4.17	%
Effective Cost of Funds			0.58	%			0.51	%			0.40	%			0.33	%			0.29	%
Net interest margin (tax equivalent)			4.17	%			4.08	%			4.13	%			3.86	%			3.88	%
Efficiency ratio (tax equivalent)			37.9	%			41.5	%			43.0	%			43.9	%			37.2	%
End of period book value per common share		$	29.85			$	29.07			$	28.13			$	27.88			$	27.92
End of period book value (excluding unrealized gain on investments)		$	30.96			$	29.82			$	29.31			$	28.48			$	28.02
End of period common shares outstanding (in 000's)			1,100				1,099				1,100				1,106				1,106

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

		Twelve Months Ending
		December 31, 2018																December 31, 2017
														Tax																Tax
		Average												Equivalent				Average												Equivalent
YIELD ANALYSIS		Balance				Interest				Yield				Yield				Balance				Interest				Yield				Yield
Interest Earning Assets:
Short term investment		$	18,478				378				2.05	%			2.05	%		$	23,763				311				1.31	%			1.31	%
FRB Stock			367				23				6.00	%			6.00	%			373				23				6.00	%			6.00	%
Tax Free securities			84,427				2,387				2.83	%			3.58	%			87,396				2,361				2.70	%			3.89	%
Loans			143,869				7,732				5.37	%			5.37	%			131,126				6,446				4.92	%			4.92	%
Total Interest Earning Assets			247,141				10,520				4.26	%			4.51	%			242,658				9,141				3.77	%			4.19	%
Noninterest Earning Assets:
Cash and due from banks			4,411																4,404
Other assets			4,427																4,539
Allowance for loan losses			(1,636	)															(2,211	)
Total Noninterest Earning Assets			7,202																6,732
Total Assets		$	254,343															$	249,390
Interest Bearing Liabilities:
Transaction and Money Market accounts			115,271				797				0.69	%			0.69	%			114,315				396				0.35	%			0.35	%
Certificates and other time deposits			24,536				311				1.27	%			1.27	%			28,108				259				0.92	%			0.92	%
Other borrowings			390				10				2.56	%			2.56	%			79				1				0.25	%			0.25	%
Total Interest Bearing Liabilities			140,197				1,118				0.80	%			0.80	%			142,502				656				0.46	%			0.46	%
Noninterest Bearing Liabilities:
Demand deposits			81,783																75,434
Other liabilities			699																772
Shareholders' Equity			31,664																30,682
Total Liabilities and Shareholders Equity		$	254,343															$	249,390
Net Interest Income and Spread							9,402				3.46	%			3.71	%							8,485				3.31	%			3.73	%
Net Interest Margin											3.50	%			4.06	%											3.50	%			3.93	%

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

		December 31								December 31
		2018				%				2017				%
LOAN PORTFOLIO
Commercial and industrial		$	87,537				56.77	%		$	80,226				57.38	%
Real estate:
Commercial			24,413				15.83	%			18,672				13.35	%
Residential			19,147				12.42	%			24,335				17.40	%
Construction and development			22,034				14.29	%			15,885				11.36	%
Consumer			1,054				0.68	%			700				0.50	%
Total loans (gross)			154,185				100.00	%			139,818				100.00	%
Unearned discounts			0				0.00	%			0				0.00	%
Total loans (net)		$	154,185				100.00	%		$	139,818				100.00	%

		December 31				December 31
		2018				2017
REGULATORY CAPITAL DATA
Tier 1 Capital		$	34,051			$	30,993
Total Capital (Tier 1 + Tier 2)		$	35,722			$	32,593
Total Risk-Adjusted Assets		$	171,326			$	158,248
Tier 1 Risk-Based Capital Ratio			19.88	%			19.59	%
Total Risk-Based Capital Ratio			20.85	%			20.60	%
Tier 1 Leverage Ratio			13.35	%			11.71	%
OTHER DATA
Full Time Equivalent
Employees (FTE's)			20				17
Stock Price Range
(For the Three Months Ended):
High		$	67.00			$	60.30
Low		$	59.05			$	57.25
Close		$	65.50			$	59.83

SOURCE: Trinity Bank N.A.