FORT WORTH, TX / ACCESSWIRE / August 3, 2021 / Trinity Bank N.A. (OTC Bulletin Board: TYBT) today announced operating results for the three months ending June 30, 2021 and YTD results for the six months ending June 30, 2021.

Results of Operations

Trinity Bank, N.A. reported Net Income after Taxes of $1,426,000 or $1.26 per diluted common share for the second quarter of 2021, compared to $1,130,000 or $1.00 per diluted common share for the second quarter of 2020, an increase of 26%.

For the first six months of 2021, Net Income after Taxes amounted to $2,754,000, an increase of 22% over the first half of 2020 results of $2,254,000. Earnings per diluted common share for the first half of 2021 were $2.44, an increase of 23% over the first half of 2020 results of $1.99 per diluted common share.

Matt R. Opitz, Chief Executive Officer, stated, "I am pleased with the performance Trinity Bank was able to achieve in 2Q. These results represent our most profitable quarter since inception and that is due to the hard work and dedication of our great staff. PPP fee income and core loan growth, excluding PPP loans, were the primary drivers in achieving this above average performance."

"We have successfully submitted all round one PPP loans for forgiveness and have received 100% forgiveness on all but one loan that has been processed. Subsequently, that loan has been paid off. We are now focused on assisting our customers with the forgiveness of round two loans and have already begun those efforts."

"We continue to see above average loan demand both from our existing customer base as well as prospective customers who are encountering challenges with their banks. We are well positioned to continue taking advantage of this growth opportunity but, as always, we remain focused on quality over quantity."

"We are still faced with a great deal of uncertainty and have prepared accordingly, adding significantly to our Loan Loss Reserve this year, despite no material deterioration in our loan portfolio. With our core earnings (excluding PPP impact), strong capital base, asset quality, and efficiency, we remain ready to take advantage of opportunities for continued growth."

Page 2 - Trinity Bank Second Quarter 2021

Page 3 - Trinity Bank Second Quarter 2021

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)

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.