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Trinity Bank Reports 10th Consecutive Year of Increased Profits

FORT WORTH, TX -- (Marketwired) -- 01/31/14 -- Trinity Bank N.A. (OTCBB: TYBT)

  • 4th quarter 2013 Net Income increased 13.7% over 4th Quarter 2012
  • 2013 Net Income increased 10.9% over 2012 results
  • Strong equity to assets ratio of 11.71%
  • Return on Assets (1.58%) and Return on Equity (13.83%) reached all-time highs

Trinity Bank N.A. (OTCBB: TYBT) today announced financial and operating results for the fourth quarter and for the twelve months ended December 31, 2013.

Trinity Bank, N.A. reported Net Income after Taxes for the fourth quarter of $756,415, or $.66 per diluted common share, compared to $664,894, or $.59 per diluted common share for the fourth quarter of 2012, an increase of 11.9%.

For the year 2013, Net Income After Taxes amount to $2,861,649, or $2.51 per diluted common share, compared to $2,580,715, or $2.36 per diluted common share for 2012, an increase of 6.4%.

Jeffrey M. Harp, President, stated, "Operating results for 2013 represent our 10th consecutive year of improved profitability. We are pleased to be able to report growth in earnings and assets, improved asset quality, and exceptional efficiency. Return on Assets and Return on Equity are well above peer bank performance at the local, state, and national level. The level of economic activity in our market improved in the second half of 2013. Businesses are cautiously beginning to grow again, but confidence is still guarded. Trinity Bank remains focused on improving performance in all economic conditions."



                              For Year Ending

                                    2013   2012   2011   2010   2009   2008
                                   -----  -----  -----  -----  -----  -----

Return on Assets                    1.58%  1.51%  1.46%  1.30%  1.12%  1.11%

Return on Equity (excluding
 unrealized gain on securities)    13.83% 13.21% 13.22% 12.57% 11.33% 10.80%



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 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 Ended
                            December 30       %       December 30       %
EARNINGS SUMMARY           2013     2012   Change    2013     2012   Change

Interest income             1,677    1,542    8.8%    6,412    6,138    4.5%
Interest expense              100      110   -9.1%      404      556  -27.3%
Net Interest Income         1,577    1,432   10.1%    6,008    5,582    7.6%

Service charges on
 deposits                      43       41    4.9%      165      152    8.6%
Other income                   66       64    3.1%      276      242   14.0%
Total Non Interest
 Income                       109      105    3.8%      441      394   11.9%

Salaries and benefits
 expense                      478      512   -6.6%    1,600    1,494    7.1%
Occupancy and equipment
 expense                       73       84  -13.1%      306      307   -0.3%
Other expense                 135      122   10.7%      870      803    8.3%
Total Non Interest
 Expense                      686      718   -4.5%    2,776    2,604    6.6%

Pretax pre-provision
 income                     1,000      819   22.1%    3,673    3,372    8.9%

Gain on sale of
 securities                    51      116  -56.0%      410      286   43.4%
Gain on sale of
 foreclosed assets              0        0    N/M        52        0    N/M
Gain on sale of assets         18        0    N/M        18        0    N/M

Provision for Loan
 Losses                        50       45   11.1%      242      195   24.1%

Earnings before income
 taxes                      1,019      890   14.5%    3,911    3,463   12.9%
Provision for income
 taxes                        263      225   16.9%    1,049      882   18.9%
Net Earnings                  756      665   13.7%    2,862    2,581   10.9%

Basic earnings per share     0.67     0.59   13.6%     2.53     2.38    6.3%
Basic weighted average
 shares outstanding         1,132    1,123            1,131    1,084

Diluted earnings per
 share                       0.66     0.59   11.9%     2.51     2.36    6.4%
Diluted weighted average
 shares outstanding         1,143    1,134            1,142    1,095


                            Average for Quarter       Twelve Months Ended
                            December 30       %       December 30       %
BALANCE SHEET SUMMARY      2013     2012   Change    2013     2012   Change

Total loans              $100,220 $ 85,853   16.7% $ 93,605 $ 83,486   12.1%
Total short term
 investments               12,966   25,057  -48.3%   17,163   21,982  -21.9%
Total investment
 securities                63,937   59,626    7.2%   65,815   58,512   12.5%

Earning assets            177,123  170,536    3.9%  176,583  163,980    7.7%

Total assets              181,884  177,855    2.3%  181,501  170,882    6.2%

Noninterest bearing
 deposits                  43,454   38,481   12.9%   40,160   33,866   18.6%
Interest bearing
 deposits                 116,510  116,937   -0.4%  119,517  115,491    3.5%

Total deposits            159,964  155,418    2.9%  159,677  149,357    6.9%

Fed Funds Purchased and
 Repurchase Agreements        267      451  -40.8%      317      387  -18.1%

Shareholders' equity       21,301   20,529    3.8%   21,029   20,134    4.4%




                              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           2013      2013     2013      2013     2012

Total loans                   $100,220 $  94,567 $ 91,227 $  88,373 $ 85,853
Total short term investments    12,966    14,693   15,843    25,315   25,057
Total investment securities     63,937    65,064   66,379    64,969   59,626

Earning assets                 177,123   174,324  173,449   178,657  170,536

Total assets                   181,884   179,452  179,392   185,352  177,855

Noninterest bearing deposits    43,454    42,308   38,087    36,699   38,481
Interest bearing deposits      116,510   116,055  119,269   126,375  116,937

Total deposits                 159,964   158,363  157,356   163,074  155,418

Fed Funds Purchased and
 Repurchase Agreements             267       229      229       545      451

Shareholders' equity            21,301    20,548   21,281    20,988   20,529


                                               Quarter Ended
                               Dec 31, Sept. 30, June 30, March 31,  Dec 31,
HISTORICAL EARNINGS SUMMARY     2013      2013     2013      2013     2012

Interest income                  1,677     1,616    1,583     1,537    1,542
Interest expense                   100        98      100       106      110
Net Interest Income              1,577     1,518    1,483     1,431    1,432

Service charges on deposits         43        43       41        39       41
Other income                        66        67       72        69       64
Total Non Interest Income          109       110      113       108      105

Salaries and benefits expense      478       385      365       373      512
Occupancy and equipment
 expense                            73        75       77        81       84
Other expense                      135       177      304       254      122
Total Non Interest Expense         686       637      746       708      718

Pretax pre-provision income      1,000       991      850       831      819

Gain on sale of securities          51        21      113       226      116
Gain on sale of foreclosed
 assets                              0         0        0        52        0
Gain on sale of assets              18         0        0         0        0

Provision for Loan Losses           50        20        0       172       45

Earnings before income taxes     1,019       992      963       937      890
Provision for income taxes         263       271      263       253      225
Net Earnings                       756       721      700       684      665

Diluted earnings per share        0.66      0.63     0.61      0.60     0.59




                             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   2013       2013      2013       2013      2012

Total loans              $109,505  $  93,934  $ 94,432  $  87,926  $ 93,523
Total short term
 investments                2,534     18,404     7,895     32,274    34,511
Total investment
 securities                63,495     63,966    67,506     62,908    65,031

Total earning assets      175,534    176,304   169,833    183,108   193,065

Allowance for loan
 losses                    (1,321)    (1,271)   (1,249)    (1,245)   (1,073)
Premises and equipment      1,275      1,232     1,264      1,250     1,287
Other Assets                6,444      7,175     4,885      6,002     6,474

Total assets              181,932    183,440   174,733    189,115   199,753

Noninterest bearing
 deposits                  45,813     44,398    37,823     38,673    49,403
Interest bearing
 deposits                 113,839    117,411   115,922    128,345   128,491

Total deposits            159,652    161,809   153,745    167,018   177,894

Fed Funds Purchased and
 Repurchase Agreements        429        229       229        228       559
Other Liabilities             670        590       277        965       725

Total liabilities         160,751    162,628   154,251    168,211   179,178

Shareholders' Equity
 Actual                    21,844     21,052    20,656     19,996    19,546
Unrealized Gain - AFS        (233)      (240)     (174)       908     1,029
Total Equity               21,611     20,812    20,482     20,904    20,575


                                           Quarter Ending
                          Dec 31,  Sept. 30,  June 30,  March 31,   Dec 31,
NONPERFORMING ASSETS       2013       2013      2013       2013      2012

Nonaccrual loans         $    402  $     402  $    429  $       0  $      0
Restructured loans       $      0  $       0  $      0  $       0  $      0
Other real estate &
 foreclosed assets       $      0  $       0  $      0  $       0  $     35
Accruing loans past due
 90 days or more         $      0  $       0  $      0  $       0  $      0
Total nonperforming
 assets                  $    402  $     402  $    429  $       0  $     35

Accruing loans past due
 30-89 days              $      0  $       0  $  1,097  $       0  $      0

Total nonperforming
 assets as a percentage
 of loans and foreclosed
 assets                      0.37%      0.43%     0.45%      0.00%     0.04%




                             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                2013       2013      2013       2013      2012

Balance at beginning of
 period                  $  1,271  $   1,249  $  1,245  $   1,073  $  1,026
Loans charged off               0          0         0          0         0
Loan recoveries                 0          2         4          0         2
Net (charge-offs)
 recoveries                     0          2         4          0         2
Provision for loan
 losses                        50         20         0        172        45
Balance at end of period $  1,321  $   1,271  $  1,249  $   1,245  $  1,073

Allowance for loan
 losses as a percentage
 of total loans              1.21%      1.35%     1.32%      1.42%     1.15%
Allowance for loan
 losses as a percentage
 of nonperforming loans       329%       316%      291%       N/A      3066%
Net charge-offs
 (recoveries) as a
 percentage of average
 loans                        N/A        N/A       N/A        N/A      0.00%
Provision for loan
 losses as a percentage
 of average loans            0.05%      0.02%      N/A       0.19%     0.05%


                                           Quarter Ending
                          Dec 31,  Sept. 30,  June 30,  March 31,   Dec 31,
SELECTED RATIOS            2013       2013      2013       2013      2012

Return on average assets
 (annualized)                1.66%      1.61%     1.56%      1.48%     1.50%

Return on average equity
 (annualized)               14.20%     14.04%    13.16%     13.04%    12.96%

Return on average equity
 (excluding unrealized
 gain on investments)       14.10%     13.74%    13.76%     13.70%    13.79%

Average shareholders'
 equity to average
 assets                     11.71%     11.45%    11.86%     11.32%    11.54%

Yield on earning assets
 (tax equivalent)            4.00%      3.92%     3.87%      3.65%     3.84%

Cost of interest bearing
 funds                       0.34%      0.34%     0.34%      0.33%     0.37%

Net interest margin (tax
 equivalent)                 3.78%      3.69%     3.63%      3.41%     3.58%

Efficiency ratio (tax
 equivalent)                38.52      36.99     44.14      42.04     43.97

End of period book value
 per common share           19.09      18.40     18.09      18.47     18.26

End of period book value
 (excluding unrealized
 gain on investments)       19.30      18.61     18.25      17.66     17.34

End of period common
 shares outstanding         1,132      1,131     1,132      1,132     1,127




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

                                     12 Months Ending
                     December 31, 2013              December 31, 2012

                                        Tax                            Tax
                                       Equiv                          Equiv
YIELD          Average                 alent  Average                 alent
 ANALYSIS      Balance Interest Yield  Yield  Balance Interest Yield  Yield

Interest
 Earning
 Assets:
Short term
 investment     17,163       85  0.50%  0.50%  21,982      131  0.60%  0.60%
Investment
 securities     23,628      743  3.14%  3.14%  18,786      681  3.63%  3.63%
Tax Free
 securities     42,187      849  2.01%  2.90%  39,726      930  2.34%  3.37%
Loans           93,605    4,735  5.06%  5.06%  83,486    4,396  5.27%  5.27%

Total
 Interest
 Earning
 Assets        176,583    6,412  3.63%  3.84% 163,980    6,138  3.74%  3.99%

Noninterest
 Earning
 Assets:
Cash and due
 from banks      3,502                          3,568
Other assets     2,662                          4,592
Allowance for
 loan losses    (1,246)                        (1,258)

Total
 Noninterest
 Earning
 Assets          4,918                          6,902

Total Assets  $181,501                       $170,882

Interest
 Bearing
 Liabilities:
Transaction
 and Money
 Market
 accounts       94,464      267  0.28%  0.28%  87,411      351  0.40%  0.40%
Certificates
 and other
 time
 deposits       25,053      137  0.55%  0.55%  28,080      204  0.73%  0.73%
Other
 borrowings        317        0  0.04%  0.04%     387        1  0.26%  0.26%

Total
 Interest
 Bearing
 Liabilities   119,834      404  0.34%  0.34% 115,878      556  0.48%  0.48%

Noninterest
 Bearing
 Liabilities
Demand
 deposits       40,160                         33,866
Other
 liabilities       478                          1,004
Shareholders'
 Equity         21,029                         20,134

Total
 Liabilities
 and
 Shareholders
 Equity       $181,501                       $170,882

Net Interest
 Income and
 Spread                   6,008  3.29%  3.51%            5,582  3.26%  3.51%

Net Interest
 Margin                          3.40%  3.61%                   3.40%  3.65%




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

                                  December 31           December 31
                                     2013         %        2012         %
LOAN PORTFOLIO

Commercial and industrial              63,364   57.86%       53,820   57.55%
Real estate:
  Commercial                           17,701   16.16%       14,614   15.63%
  Residential                          19,037   17.38%       13,862   14.82%
  Construction and development          7,085    6.47%        9,058    9.69%
Consumer                                2,318    2.12%        2,169    2.32%

Total loans (gross)                   109,505  100.00%       93,523  100.00%

Unearned discounts                          0    0.00%            0    0.00%

Total loans (net)                     109,505  100.00%       93,523  100.00%


                                  December 31           December 31
                                     2013                  2012
REGULATORY CAPITAL DATA
Tier 1 Capital                   $     21,845          $     19,546
Total Capital (Tier 1 + Tier 2)  $     23,166          $     20,619
Total Risk-Adjusted Assets       $    134,220          $    122,289
Tier 1 Risk-Based Capital Ratio         16.28%                15.98%
Total Risk-Based Capital Ratio          17.26%                16.86%
Tier 1 Leverage Ratio                   12.01%                10.99%

OTHER DATA
Full Time Equivalent
  Employees (FTE's)                        14                    14

Stock Price Range
(For the Three Months Ended):
  High                           $      37.00          $      33.00
  Low                            $      34.75          $      30.50
  Close                          $      37.00          $      33.00


For information contact:
Richard Burt
Executive Vice President
Trinity Bank
817-763-9966

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