TRINITY BANK REPORTS: Return on Assets 1.42%, Return on Equity 13.56% – CORRECTION RELEASE
This press release reflects a change in Trinity Bank’s previous press release, published on April 27, 2021, in which the “Allowance for loan losses net of PPP Loans” for March 31, 2021 was incorrectly notated.
FORT WORTH, TX / ACCESSWIRE / April 27, 2021 / Trinity Bank N.A. (OTC PINK:TYBT) today announced operating results for the three months ending March 31, 2021.
Results of Operations
Trinity Bank, N.A. reported Net Income after Taxes of $1,328,000 or $1.18 per diluted common share for the first quarter of 2021, compared to $1,124,000 or $.99 per diluted common share for the first quarter of 2020, an increase of 19.2%.
Matt R. Opitz, Chief Executive Officer, stated, “First quarter results represent Trinity Bank’s most profitable single quarter since inception. In spite of continued economic uncertainty, we experienced above average loan growth in our core loan portfolio as well as continued deposit growth. Our staff has continued to process 1st round PPP forgiveness applications as well as 2nd round PPP loan applications which represents a continued success story for Trinity Bank.”
“Thus far, we have not seen any undue stress in the loan portfolio. However, we are continuing to aggressively add to our Loan Loss Reserve in light of continued economic uncertainty and the strong loan growth we have experienced since August of last year.”
Mr. Opitz further stated, “I am pleased to announce the 19th consecutive increase in our semiannual dividend. The April 2021 dividend of $.69 represents a 3.00% increase over the prior dividend of $.67 paid in October 2020.”
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Profitability
|
3/31/2021
|
3/31/2020
|
Ā
|
|
Return on Assets
|
1.42 %
|
1.55 %
|
Ā
|
|
Return on Equity
|
13.56 %
|
12.36 %
|
Ā
|
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Average for Quarter Ending
|
Ā
|
Ā
|
%
|
|
(in 000’s)
|
Ā
|
Ā
|
Ā
|
|
Loans
|
$ 262,840
|
$ 169,367
|
55.2
|
|
Deposits
|
$ 332,588
|
$ 250,677
|
32.7
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Page 2 – Trinity Bank First Quarter 2021
|
Actual for Quarter Ending
|
||||||
|
(in 000’s)
|
Ā
|
3/31/2021
|
Ā
|
3/31/2020
|
Ā
|
%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Net Interest Income
|
Ā
|
$ 3,525
|
Ā
|
2,541
|
Ā
|
38.7
|
|
Non-Interest Income
|
Ā
|
147
|
Ā
|
128
|
Ā
|
14.8
|
|
Non-Interest Expense
|
Ā
|
(1,588)
|
Ā
|
(1,370)
|
Ā
|
15.9
|
|
Pretax Pre-provision Income
|
Ā
|
$ 2,084
|
Ā
|
$ 1,299
|
Ā
|
60.4
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Gain on Sale of Securities and Assets
|
Ā
|
0
|
Ā
|
(0)
|
Ā
|
N/M
|
|
Loan Loss Provision
|
Ā
|
(550)
|
Ā
|
(0)
|
Ā
|
N/M
|
|
Pre Tax Income
|
Ā
|
1,534
|
Ā
|
1,299
|
Ā
|
18.1
|
|
Income Tax
|
Ā
|
(206)
|
Ā
|
(175)
|
Ā
|
N/M
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Net Income
|
Ā
|
$ 1,328
|
Ā
|
$ 1,124
|
Ā
|
18.1
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Diluted Weighted Average Shares
|
Ā
|
1,129
|
Ā
|
1,135
|
Ā
|
Ā
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Earnings per Share
|
Ā
|
$ 1.18
|
Ā
|
$ .99
|
Ā
|
19.2
|
| Ā | Ā | Ā | Ā | Ā | Ā | Ā |
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 SBā1 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 forwardālooking 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 forwardālooking 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) |
|||
|
Ā
|
Quarter Ended
|
Ā
|
|
|
EARNINGS SUMMARY
|
March 31, 2021
|
March 31, 2020
|
%
Change |
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Interest income
|
$3,656
|
$2,922
|
25.1%
|
|
Interest expense
|
131
|
381
|
-65.6%
|
|
Net Interest Income
|
3,525
|
2,541
|
38.7%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Service charges on deposits
|
56
|
50
|
12.0%
|
|
Other income
|
91
|
78
|
16.7%
|
|
Total Non Interest Income
|
147
|
128
|
14.8%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Salaries and benefits expense
|
959
|
856
|
12.0%
|
|
Occupancy and equipment expense
|
124
|
114
|
8.8%
|
|
Other expense
|
505
|
400
|
26.3%
|
|
Total Non Interest Expense
|
1,588
|
1,370
|
15.9%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Pretax pre-provision income
|
2,084
|
1,299
|
60.4%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Gain on sale of securities
|
0
|
0
|
N/M
|
|
Gain on sale of foreclosed assets
|
0
|
0
|
N/M
|
|
Gain on sale of assets
|
0
|
0
|
N/M
|
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Provision for Loan Losses
|
550
|
0
|
N/M
|
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Earnings before income taxes
|
1,534
|
1,299
|
18.1%
|
|
Provision for income taxes
|
206
|
175
|
N/M
|
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Net Earnings
|
$1,328
|
$1,124
|
18.1%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Basic earnings per share
|
1.23
|
1.03
|
19.4%
|
|
Basic weighted average shares
|
1,083
|
1,088
|
Ā
|
|
outstanding
|
Ā
|
Ā
|
Ā
|
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Diluted earnings per share – estimate
|
1.18
|
0.99
|
19.2%
|
|
Diluted weighted average shares outstanding
|
1,129
|
1,135
|
Ā
|
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Ā
|
Average for Quarter
|
Ā
|
|
|
BALANCE SHEET SUMMARY
|
March 31, 2021
|
March 31, 2020
|
%
Change |
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Total loans
|
$262,840
|
$169,367
|
55.2%
|
|
Total short term investments
|
11,131
|
38,126
|
-70.8%
|
|
Total investment securities
|
94,737
|
74,406
|
27.3%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Earning assets
|
368,708
|
281,899
|
30.8%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Total assets
|
375,295
|
289,795
|
29.5%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Noninterest bearing deposits
|
133,541
|
89,277
|
49.6%
|
|
Interest bearing deposits
|
199,047
|
161,400
|
23.3%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Total deposits
|
332,588
|
250,677
|
32.7%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Fed Funds Purchased and Repurchase Agreements
|
244
|
0
|
N/M
|
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Shareholders’ equity
|
$39,352
|
$36,379
|
8.2%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Ā
|
Ā
|
Ā
|
Ā
|
|
TRINITY BANK N.A.
(Unaudited) (Dollars in thousands, except per share data) |
|||||
|
Ā
|
Average for Quarter Ending
|
||||
|
Ā
|
March 31,
|
Dec 31,
|
Sept. 30,
|
June 30,
|
March 31,
|
|
BALANCE SHEET SUMMARY
|
2021
|
2020
|
2020
|
2020
|
2020
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Total loans
|
$262,840
|
$239,440
|
$216,454
|
$212,337
|
$169,367
|
|
Total short term investments
|
11,131
|
23,960
|
32,176
|
41,211
|
38,126
|
|
Total investment securities
|
94,737
|
93,094
|
92,272
|
81,496
|
74,406
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Earning assets
|
368,708
|
356,494
|
340,902
|
335,044
|
281,899
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Total assets
|
375,295
|
363,558
|
342,058
|
342,369
|
289,795
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Noninterest bearing deposits
|
133,541
|
130,114
|
117,655
|
122,409
|
89,277
|
|
Interest bearing deposits
|
199,047
|
191,654
|
189,053
|
180,558
|
161,400
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Total deposits
|
332,588
|
321,768
|
306,708
|
302,967
|
250,677
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Fed Funds Purchased and Repurchase Agreements
|
244
|
0
|
0
|
0
|
0
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Shareholders’ equity
|
$39,352
|
$38,084
|
$37,602
|
$36,611
|
$36,379
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Ā
|
Quarter Ended
|
||||
|
Ā
|
March 31,
|
Dec 31,
|
Sept. 30,
|
June 30,
|
March 31,
|
|
HISTORICAL EARNINGS SUMMARY
|
2021
|
2020
|
2020
|
2020
|
2020
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Interest income
|
$3,656
|
$3,177
|
$2,949
|
$3,042
|
$2,922
|
|
Interest expense
|
131
|
129
|
158
|
188
|
381
|
|
Net Interest Income
|
3,525
|
3,048
|
2,791
|
2,854
|
2,541
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Service charges on deposits
|
56
|
61
|
56
|
39
|
50
|
|
Other income
|
91
|
90
|
86
|
79
|
78
|
|
Total Non Interest Income
|
147
|
151
|
142
|
118
|
128
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Salaries and benefits expense
|
959
|
977
|
915
|
1,037
|
856
|
|
Occupancy and equipment expense
|
124
|
119
|
94
|
113
|
114
|
|
Other expense
|
505
|
362
|
364
|
412
|
400
|
|
Total Non Interest Expense
|
1,588
|
1,458
|
1,373
|
1,562
|
1,370
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Pretax pre-provision income
|
2,084
|
1,741
|
1,560
|
1,410
|
1,299
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Gain on sale of securities
|
0
|
(1)
|
0
|
0
|
0
|
|
Gain on sale of foreclosed assets
|
0
|
0
|
18
|
0
|
0
|
|
Gain on sale of other assets
|
0
|
0
|
0
|
0
|
0
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Provision for Loan Losses
|
550
|
315
|
200
|
125
|
0
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Earnings before income taxes
|
1,534
|
1,425
|
1,378
|
1,285
|
1,299
|
|
Provision for income taxes
|
206
|
179
|
162
|
155
|
175
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Net Earnings
|
$1,328
|
$1,246
|
$1,216
|
$1,130
|
$1,124
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Diluted earnings per share
|
$ 1.18
|
$ 1.10
|
$ 1.08
|
$ 1.00
|
$ 0.99
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
TRINITY BANK N.A.
(Unaudited) (Dollars in thousands, except per share data) |
|||||
|
Ā
|
Ending Balance
|
||||
|
Ā
|
March 31,
|
Dec 31,
|
Sept. 30,
|
June 30,
|
March 31,
|
|
HISTORICAL BALANCE SHEET
|
2021
|
2020
|
2020
|
2020
|
2020
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Total loans
|
$270,619
|
$252,207
|
$228,473
|
$216,848
|
$173,992
|
|
Total short term investments
|
10,941
|
24,993
|
16,429
|
38,648
|
37,566
|
|
Total investment securities
|
93,615
|
95,244
|
90,606
|
90,658
|
73,287
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Total earning assets
|
375,175
|
372,444
|
335,508
|
346,154
|
284,845
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Allowance for loan losses
|
(3,466)
|
(2,915)
|
(2,598)
|
(2,396)
|
(2,269)
|
|
Premises and equipment
|
2,221
|
2,340
|
2,400
|
2,455
|
2,522
|
|
Other Assets
|
7,645
|
6,237
|
6,748
|
5,673
|
6,567
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Total assets
|
381,575
|
378,106
|
342,058
|
351,886
|
291,665
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Noninterest bearing deposits
|
135,920
|
134,692
|
114,284
|
118,933
|
89,581
|
|
Interest bearing deposits
|
202,205
|
201,120
|
186,096
|
192,159
|
162,726
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Total deposits
|
338,125
|
335,812
|
300,380
|
311,092
|
252,307
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Fed Funds Purchased and Repurchase Agreements
|
0
|
0
|
0
|
0
|
0
|
|
Other Liabilities
|
2,181
|
1,270
|
2,029
|
1,501
|
1,779
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Total liabilities
|
340,306
|
337,082
|
302,409
|
312,593
|
254,086
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Shareholders’ Equity Actual
|
39,352
|
38,778
|
37,463
|
37,089
|
36,069
|
|
Unrealized Gain – AFS
|
1,917
|
2,246
|
2,186
|
2,203
|
1,510
|
|
Total Equity
|
$41,269
|
$41,024
|
$39,649
|
$39,292
|
$37,579
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Ā
|
Quarter Ending
|
||||
|
Ā
|
March 31,
|
Dec 31,
|
Sept. 30,
|
June 30,
|
March 31,
|
|
NONPERFORMING ASSETS
|
2021
|
2020
|
2020
|
2020
|
2020
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Nonaccrual loans
|
$321
|
$249
|
$266
|
$388
|
$408
|
|
Restructured loans
|
$0
|
$0
|
$0
|
$0
|
$0
|
|
Other real estate & foreclosed assets
|
$0
|
$0
|
$0
|
$320
|
$320
|
|
Accruing loans past due 90 days or more
|
$0
|
$0
|
$0
|
$0
|
$0
|
|
Total nonperforming assets
|
$321
|
$249
|
$266
|
$708
|
$728
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Accruing loans past due 30-89 days
|
$0
|
$0
|
$0
|
$0
|
$248
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Total nonperforming assets as a percentage
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
of loans and foreclosed assets
|
0.12%
|
0.10%
|
0.12%
|
0.33%
|
0.42%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
TRINITY BANK N.A.
(Unaudited) (Dollars in thousands, except per share data) |
|||||
|
Ā
|
Quarter Ending
|
||||
|
ALLOWANCE FOR
|
March 31,
|
Dec 31,
|
Sept. 30,
|
June 30,
|
March 31,
|
|
LOAN LOSSES
|
2021
|
2020
|
2020
|
2020
|
2020
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Balance at beginning of period
|
$2,915
|
$2,598
|
$2,396
|
$2,269
|
$2,262
|
|
Loans charged off
|
0
|
0
|
0
|
0
|
0
|
|
Loan recoveries
|
1
|
2
|
2
|
2
|
7
|
|
Net (charge-offs) recoveries
|
1
|
2
|
2
|
2
|
7
|
|
Provision for loan losses
|
550
|
315
|
200
|
125
|
0
|
|
Balance at end of period
|
$3,466
|
$2,915
|
$2,598
|
$2,396
|
$2,269
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Allowance for loan losses
|
1.28%
|
1.16%
|
1.14%
|
1.10%
|
1.30%
|
|
as a percentage of total loans
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Allowance for loan losses net of PPP Loans
|
1.62%
|
1.46%
|
1.48%
|
1.36%
|
1.30%
|
|
as a percentage of total loans
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Allowance for loan losses
|
1080%
|
1171%
|
977%
|
338%
|
312%
|
|
as a percentage of nonperforming assets
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Net charge-offs (recoveries) as a
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
-0.01%
|
|
percentage of average loans
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Provision for loan losses
|
0.21%
|
0.13%
|
0.09%
|
0.06%
|
0.00%
|
|
as a percentage of average loans
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Ā
|
Quarter Ending
|
||||
|
Ā
|
March 31,
|
Dec 31,
|
Sept. 30,
|
June 30,
|
March 31,
|
|
SELECTED RATIOS
|
2021
|
2020
|
2020
|
2020
|
2020
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Return on average assets (annualized)
|
1.42%
|
1.37%
|
1.42%
|
1.32%
|
1.55%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Return on average equity (annualized)
|
12.88%
|
12.15%
|
12.19%
|
11.88%
|
11.80%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Return on average equity (excluding unrealized gain on investments)
|
13.56%
|
12.85%
|
12.94%
|
12.34%
|
12.36%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Average shareholders’ equity to average assets
|
10.49%
|
10.48%
|
10.99%
|
10.69%
|
12.55%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Yield on earning assets (tax equivalent)
|
4.46%
|
3.88%
|
3.65%
|
3.81%
|
4.33%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Effective Cost of Funds
|
0.47%
|
0.28%
|
0.19%
|
0.22%
|
0.54%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Net interest margin (tax equivalent)
|
3.99%
|
3.60%
|
3.46%
|
3.59%
|
3.79%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Efficiency ratio (tax equivalent)
|
41.4%
|
44.8%
|
50.4%
|
51.6%
|
48.9%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
End of period book value per common share
|
$38.11
|
$37.88
|
$36.61
|
$36.18
|
$34.54
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
End of period book value (excluding unrealized gain on investments)
|
$36.34
|
$35.81
|
$34.59
|
$34.15
|
$33.15
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
End of period common shares outstanding (in 000’s)
|
1,083
|
1,083
|
1,083
|
1,086
|
1,088
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
TRINITY BANK N.A.
(Unaudited) (Dollars in thousands, except per share data) |
|||||||||
|
Ā
|
3 Months Ending
|
||||||||
|
Ā
|
March 31, 2021
|
Ā
|
March 31, 2020
|
||||||
|
Ā
|
Ā
|
Ā
|
Ā
|
Tax
|
Ā
|
Ā
|
Ā
|
Ā
|
Tax
|
|
Ā
|
Average
|
Ā
|
Ā
|
Equivalent
|
Ā
|
Average
|
Ā
|
Ā
|
Equivalent
|
|
YIELD ANALYSIS
|
Balance
|
Interest
|
Yield
|
Yield
|
Ā
|
Balance
|
Interest
|
Yield
|
Yield
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Interest Earning Assets:
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Short term investment
|
$ 11,131
|
4
|
0.14%
|
0.14%
|
Ā
|
$ 38,126
|
122
|
1.28%
|
1.28%
|
|
FRB Stock
|
397
|
6
|
6.00%
|
6.00%
|
Ā
|
390
|
6
|
6.00%
|
6.00%
|
|
Taxable securities
|
378
|
0
|
0.00%
|
0.00%
|
Ā
|
2,033
|
8
|
1.57%
|
1.57%
|
|
Tax Free securities
|
93,962
|
610
|
2.60%
|
3.28%
|
Ā
|
72,373
|
510
|
2.82%
|
3.57%
|
|
Loans
|
262,840
|
3,036
|
4.62%
|
4.62%
|
Ā
|
169,273
|
2,275
|
5.38%
|
5.38%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Total Interest Earning Assets
|
368,708
|
3,656
|
3.97%
|
4.46%
|
Ā
|
282,195
|
2,921
|
4.14%
|
4.33%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Noninterest Earning Assets:
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Cash and due from banks
|
5,092
|
Ā
|
Ā
|
Ā
|
Ā
|
5,071
|
Ā
|
Ā
|
Ā
|
|
Other assets
|
4,574
|
Ā
|
Ā
|
Ā
|
Ā
|
4,795
|
Ā
|
Ā
|
Ā
|
|
Allowance for loan losses
|
(3,079)
|
Ā
|
Ā
|
Ā
|
Ā
|
(2,266)
|
Ā
|
Ā
|
Ā
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Total Noninterest Earning Assets
|
6,587
|
Ā
|
Ā
|
Ā
|
Ā
|
7,600
|
Ā
|
Ā
|
Ā
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Total Assets
|
$375,295
|
Ā
|
Ā
|
Ā
|
Ā
|
$289,795
|
Ā
|
Ā
|
Ā
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Interest Bearing Liabilities:
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Transaction and Money Market accounts
|
154,117
|
70
|
0.18%
|
0.18%
|
Ā
|
120,731
|
201
|
0.67%
|
0.67%
|
|
Certificates and other time deposits
|
44,930
|
61
|
0.54%
|
0.54%
|
Ā
|
40,669
|
179
|
1.76%
|
1.76%
|
|
Other borrowings
|
244
|
0
|
0.00%
|
0.00%
|
Ā
|
0
|
0
|
0.00%
|
0.00%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Total Interest Bearing Liabilities
|
199,291
|
131
|
0.26%
|
0.26%
|
Ā
|
161,400
|
380
|
0.94%
|
0.94%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Noninterest Bearing Liabilities:
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Demand deposits
|
133,541
|
Ā
|
Ā
|
Ā
|
Ā
|
89,277
|
Ā
|
Ā
|
Ā
|
|
Other liabilities
|
3,111
|
Ā
|
Ā
|
Ā
|
Ā
|
1,027
|
Ā
|
Ā
|
Ā
|
|
Shareholders’ Equity
|
39,352
|
Ā
|
Ā
|
Ā
|
Ā
|
38,091
|
Ā
|
Ā
|
Ā
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Total Liabilities and Shareholders Equity
|
$375,295
|
Ā
|
Ā
|
Ā
|
Ā
|
$289,795
|
Ā
|
Ā
|
Ā
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Net Interest Income and Spread
|
Ā
|
3,525
|
3.70%
|
4.20%
|
Ā
|
Ā
|
2,541
|
3.20%
|
3.39%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Net Interest Margin
|
Ā
|
Ā
|
3.82%
|
3.99%
|
Ā
|
Ā
|
Ā
|
3.60%
|
3.79%
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
TRINITY BANK N.A.
(Unaudited) (Dollars in thousands, except per share data) |
|||||
|
Ā
|
|||||
|
Ā
|
March 31
|
Ā
|
March 31
|
Ā
|
Ā
|
|
Ā
|
2021
|
%
|
2020
|
%
|
Ā
|
|
LOAN PORTFOLIO
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Commercial and industrial
|
$171,801
|
63.48%
|
$100,403
|
57.66%
|
Ā
|
|
Real estate:
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Commercial
|
59,542
|
22.00%
|
26,930
|
15.47%
|
Ā
|
|
Residential
|
19,948
|
7.37%
|
23,285
|
13.37%
|
Ā
|
|
Construction and development
|
18,956
|
7.00%
|
22,934
|
13.17%
|
Ā
|
|
Consumer
|
372
|
0.14%
|
583
|
0.33%
|
Ā
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Total loans (gross)
|
270,619
|
100.00%
|
174,135
|
100.00%
|
Ā
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Unearned discounts
|
0
|
0.00%
|
0
|
0.00%
|
Ā
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Total loans (net)
|
$270,619
|
100.00%
|
$174,135
|
100.00%
|
Ā
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Ā
|
March 31
|
Ā
|
March 31
|
Ā
|
Ā
|
|
Ā
|
2021
|
Ā
|
2020
|
Ā
|
Ā
|
|
REGULATORY CAPITAL DATA
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Tier 1 Capital
|
$39,352
|
Ā
|
$36,069
|
Ā
|
Ā
|
|
Total Capital (Tier 1 + Tier 2)
|
$42,247
|
Ā
|
$38,338
|
Ā
|
Ā
|
|
Total Risk-Adjusted Assets
|
$231,615
|
Ā
|
$187,527
|
Ā
|
Ā
|
|
Tier 1 Risk-Based Capital Ratio
|
17.03%
|
Ā
|
19.23%
|
Ā
|
Ā
|
|
Total Risk-Based Capital Ratio
|
18.29%
|
Ā
|
20.44%
|
Ā
|
Ā
|
|
Tier 1 Leverage Ratio
|
10.49%
|
Ā
|
12.44%
|
Ā
|
Ā
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
OTHER DATA
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Full Time Equivalent
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Employees (FTE’s)
|
24
|
Ā
|
23
|
Ā
|
Ā
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
Stock Price Range
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
(For the Three Months Ended):
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
|
High
|
$66.00
|
Ā
|
$65.00
|
Ā
|
Ā
|
|
Low
|
$54.00
|
Ā
|
$57.50
|
Ā
|
Ā
|
|
Close
|
$66.00
|
Ā
|
$59.19
|
Ā
|
Ā
|
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
Ā
|
SOURCE: Trinity Bank N.A.
View source version on accesswire.com:
https://www.accesswire.com/643107/TRINITY-BANK-REPORTS-Return-on-Assets-142-Return-on-Equity-1356–CORRECTION-RELEASE