YTD Return on Assets 1.47%
YTD Return on Equity 14.25%

FORT WORTH, TX / ACCESSWIRE / January 26, 2022 / Trinity Bank N.A. (OTC PINK:TYBT) today announced operating results for the fourth quarter and the twelve months ending December 31, 2021.

Results of Operation

For the fourth quarter 2021, Trinity Bank, N.A. reported Net Income after Taxes of $1,592,000, an increase of 27.8% over fourth quarter 2020 earnings of $1,246,000. Earnings per diluted common share for the fourth quarter 2021 amounted to $1.41, which represents a 28.2% increase over fourth quarter 2020 results of $1.10 per diluted common share.

For 2021, Net Income after Taxes was $5,822,000, an increase of 23.5% over 2020 results of $4,716,000. Earnings per diluted common share for 2021 were $5.15, an increase of 23.8% over 2020 results of $4.16 per diluted common share.

Chief Executive Officer Matt R. Opitz stated, '2021 was a challenging but rewarding year. We continued to operate in and experience one of the lowest rate environments in history, rising inflation, supply chain issues and uncertainty out of our policy makers in Washington. However, despite these headwinds, Trinity Bank's fourth quarter and full year Net Income were the highest since inception, marking a new record best.'

'Furthermore, we were able to increase our Loan Loss Reserve (net of PPP loans) 22.6% to 1.79% as of 12/31/2021. While we have not seen any undue stress in the loan portfolio, we wanted to take the opportunity to increase the margin of safety during these uncertain times.'

'I am especially proud of our staff who has continued to adapt, improvise and overcome in order to provide Trinity Bank customers with exceptional service which continues to be the main driver of our performance.'

'As we look forward to 2022, the biggest uncertainty we face is the number and timing of the Fed's proposed rate hikes. We've not faced a rising rate environment since 2018. We regularly review the duration and pricing of our major earnings assets - loans, securities and overnight investments in an effort to effectively manage our interest rate risk and generate income no matter the level of interest rates.'

'I remain encouraged by the level of positive economic activity in the North Texas market. In the coming year, Trinity Bank will remain focused on establishing and expanding good quality relationships and providing exceptional customer experiences in order to achieve continued organic growth.'

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

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)

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.