(Source: MARKETWIRE)

Trinity Bank N.A. (OTCBB: TYBT) today announced financial and operating results for the second quarter and the six months ending June 30, 2009.
Results of Operations
Trinity Bank, N.A. reported Net Income after Taxes of $390,000 or $.33 per diluted common share for the second quarter of 2009, compared to $340,000 or $.29 per diluted common share for the second quarter of 2008. This level of profit produced a Return on Assets of 1.08% and a Return on Equity of 10.38% for the second quarter.
For the first six months of 2009, Net Income after Taxes amounted to $776,000 or $.66 per diluted common share versus $665,000 or $.57 per diluted common share for the first six months of 2008 -- a 16.7% increase.
Jeffrey M. Harp, President, stated, "We were able to produce a 14.7% increase in Net Income in spite of a 650% increase (from $17,000 in 2nd quarter '08 to $128,000 in 2nd quarter '09) in FDIC insurance premiums. I would challenge you to find very many other banks that were able to duplicate Trinity's results."
"In addition, we have just completed an examination by the OCC (national bank examiners), and I am pleased to confirm that since inception in May 2003, we have suffered no losses and we have no past due loans and no non-performing loans. In the current economic environment, these results are remarkable. Even though the recession has finally reached Texas, our market area continues to be one of the best in the U.S. We look forward to improving our position in the market."
Average for Quarter Ending (in 000's) 6-30-09 6-30-08 % --------- --------- ---- Loans $ 62,824 $ 57,309 9.6% Deposits $ 126,962 $ 108,252 17.3% Actual for Quarter Ending (in 000's) 6-30-09 6-30-08 % --------- --------- ---- Net Interest Income $ 1,033 $ 909 13.6% Non-Interest Income 121 106 14.2% Non-Interest Expense 614 539 13.9% Loan Loss Provision 45 45 - Pre Tax Income $ 495 $ 431 14.8% Income Tax $ 105 $ 91 15.4% Net Income $ 390 $ 340 14.7%
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.