TYBT Trinity Bank NA (PK)

Trinity Bank N.A. (OTCBB:TYBT) today announced financial and operating results for the fourth quarter and for the twelve months ended December 31, 2010.

Results of Operations

Trinity Bank, N.A. reported Net Income After Taxes for the fourth quarter of $525,279, or $.46 per diluted common share, compared to $442,291, or $.38 per diluted common share for the fourth quarter of 2009, an increase of 21.1%.

For the year 2010, Net Income After Taxes amounted to $2,004,875, or $1.74 per diluted common share, compared to $1,636,286, or $1.40 per diluted common share for 2009, an increase of 24.3%.

Jeffrey M. Harp, President, stated, "Operating results for the fourth quarter of 2010 represent our 25th consecutive quarter of increased profit. We continue to improve the return on the bank's assets and the return on the shareholder's investment. We look forward to facing the challenge of 2011 and maintaining our record of improving Trinity Bank's performance each year."

	For Year Ending
	2010	2009	2008	2007
Return on Assets	1.30%	1.12%	1.11%	0.96%
Return on Equity (excluding unrealized gain on securities)	12.57%	11.33%	10.80%	8.88%

Average for Year Ending
	12-31-10	12-31-09
Loans	$72,786	$64,707	12.5%
Deposits	$133,850	127,927	4.6%
Actual for Year Ending
Net Interest Income	$4,891	$4,246	15.2%
Non-Interest Income	$585	$575	1.7%
Non-Interest Expense	$2,522	$2,541	(0.7%)
Loan Loss Provision	$285	$180	58.3%
Pre Tax Income	$2,669	$2,100	27.1%
Income Tax	$664	$464	43.1%
Net Income	$2,005	$1,636	22.6%

Trinity Bank, N.A. is a commercial bank that began operations May 28, 2003 with the largest initial capital ever raised by a Tarrant County bank. For a full financial statement, visit Trinity Bank's website: www.trinitybk.com click on "About Us" and then click on "Investor Information". Financial information in 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 31		%	December 31		%
EARNINGS SUMMARY	2010	2009	Change	2010	2009	Change
Interest income	1,516	1,488	1.9%	6,081	5,856	3.8%
Interest expense	270	381	-29.1%	1,190	1,610	-26.1%
Net Interest Income	1,246	1,107	12.6%	4,891	4,246	15.2%
Provision for Loan Losses	150	45	233.3%	285	180	58.3%
Service charges on deposits	34	34	0.0%	145	124	16.9%
Net gain on securities available for sale	153	88	73.9%	198	175	13.1%
Other income	55	55	0.0%	242	276	-12.3%
Total Non Interest Income	242	177	36.7%	585	575	1.7%
Salaries and benefits expense	437	403	8.4%	1,384	1,271	8.9%
Occupancy and equipment expense	75	108	-30.6%	308	369	-16.5%
FDIC expense	45	44	2.3%	174	273	-36.3%
Other expense	91	105	-13.3%	656	628	4.5%
Total Non Interest Expense	648	660	-1.8%	2,522	2,541	-0.7%
Earnings before income taxes	690	579	19.2%	2,669	2,100	27.1%
Provision for income taxes	165	137	20.4%	664	464	43.1%
Net Earnings	525	442	18.8%	2,005	1,636	22.6%
Basic earnings per share	0.49	0.40	22.5%	1.83	1.47	24.5%
Basic weighted average shares outstanding	1,079	1,115		1,098	1,115
Diluted earnings per share	0.46	0.38	21.1%	1.74	1.40	24.3%
Diluted weighted average shares outstanding	1,135	1,171		1,154	1,171
	Average for Quarter			Average for Twelve Months
	Ending December 31		%	Ending December 31		%
BALANCE SHEET SUMMARY	2010	2009	Change	2010	2009	Change
Total loans	$72,047	$66,816	7.8%	$72,786	$64,707	12.5%
Total short term investments	23,496	29,268	-19.7%	22,244	23,653	-6.0%
Total investment securities	53,988	51,363	5.1%	50,802	52,535	-3.3%
Earning assets	149,531	147,447	1.4%	145,832	140,895	3.5%
Total assets	155,868	154,425	0.9%	152,957	146,043	4.7%
Noninterest bearing deposits	24,267	22,985	5.6%	23,217	23,252	-0.2%
Interest bearing deposits	112,540	113,378	-0.7%	110,633	104,675	5.7%
Total deposits	136,807	136,363	0.3%	133,850	127,927	4.6%
Fed Funds Purchased and Repurchase Agreements	733	630	16.3%	880	1,972	-55.4%
Shareholders' equity	17,382	16,453	5.6%	17,225	15,402	11.8%

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	2010	2010	2010	2010	2009
Total loans	$72,047	$73,921	$74,671	$70,473	$66,816
Total short term investments	23,496	25,261	19,397	20,760	29,268
Total investment securities	53,988	50,517	48,896	49,764	51,363
Earning assets	149,531	149,699	142,964	140,997	147,447
Total assets	155,868	156,779	150,282	148,608	154,425
Noninterest bearing deposits	24,267	23,717	22,134	22,713	22,985
Interest bearing deposits	112,540	113,954	108,886	107,068	113,378
Total deposits	136,807	137,671	131,020	129,781	136,363
Fed Funds Purchased and Repurchase Agreements	733	874	924	991	630
Shareholders' equity	17,382	17,209	17,340	16,964	16,453
	Quarter Ended
	Dec 31,	Sept. 30,	June 30,	March 31,	Dec 31,
HISTORICAL EARNINGS SUMMARY	2010	2010	2010	2010	2009
Interest income	1,516	1,542	1,536	1,488	1,488
Interest expense	270	307	302	311	381
Net Interest Income	1,246	1,235	1,234	1,177	1,107
Provision for Loan Losses	150	45	45	45	45
Service charges on deposits	34	37	37	37	34
Gain on Sale - AFS	153	25	7	13	88
Other income	55	64	59	64	55
Total Non Interest Income	242	126	103	114	177
Salaries and benefits expense	437	319	315	313	403
Occupancy and equipment expense	75	75	79	79	108
FDIC expense	45	45	45	39	44
Other expense	91	189	186	191	105
Total Non Interest Expense	648	628	625	622	660
Earnings before income taxes	690	688	667	624	579
Provision for income taxes	165	173	171	155	137
Net Earnings	525	515	496	469	442

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	2010	2010	2010	2010	2009
Total loans	$72,460	$73,003	$74,007	$73,432	$71,949
Total short term investments	17,886	27,750	20,614	17,634	19,006
Total investment securities	58,583	51,376	50,436	50,944	55,082
Total earning assets	148,929	152,129	145,057	142,010	146,037
Allowance for loan losses	1,371	1,221	1,176	1,131	1,086
Premises and equipment	1,442	1,479	1,513	1,544	1,543
Other Assets	4,949	6,757	6,967	5,972	4,733
Total assets	153,949	159,144	152,359	148,395	151,227
Noninterest bearing deposits	26,844	25,304	21,057	22,404	25,568
Interest bearing deposits	109,100	114,683	112,270	107,393	107,565
Total deposits	135,944	139,987	133,327	129,797	133,133
Fed Funds Purchased and Repurchase Agreements	538	702	511	590	454
Other Liabilities	646	1,050	965	875	876
Total liabilities	137,128	141,739	134,803	131,262	134,463
Shareholders' Equity Actual	16,176	16,081	16,316	15,835	15,354
Unrealized Gain - AFS	645	1,324	1,240	1,299	1,410
Total Equity	16,821	17,405	17,556	17,134	16,764
	Quarter Ending
	Dec 31,	Sept. 30,	June 30,	March 31,	Dec 31,
NONPERFORMING ASSETS	2010	2010	2010	2010	2009
Nonaccrual loans	$831	$1,785	$0	$0	$0
Restructured loans	$0	$0	$0	$0	$0
Other real estate & foreclosed assets	$0	$0	$0	$0	$0
Accruing loans past due 90 days or more	$0	$0	$0	$0	$0
Total nonperforming assets	$831	$1,785	$0	$0	$0
Accruing loans past due 30-89 days	$0	$0	$0	$0	$0
Total nonperforming assets as a percentage of loans and foreclosed assets	1.15%	2.45%	0.00%	0.00%	0.00%

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	2010	2010	2010	2010	2009
Balance at beginning of period	$1,221	$1,176	$1,131	$1,086	$1,041
Loans charged off	0	0	0	0	0
Loan recoveries	0	0	0	0	0
Net (charge-offs) recoveries	0	0	0	0	0
Provision for loan losses	150	45	45	45	45
Balance at end of period	$1,371	$1,221	$1,176	$1,131	$1,086
Allowance for loan losses as a percentage of total loans	1.89%	1.67%	1.59%	1.54%	1.51%
Allowance for loan losses as a percentage of nonperforming loans	164.98%	68.40%	N/A	N/A	N/A
Net charge-offs (recoveries) as a percentage of average loans	N/A	N/A	N/A	N/A	N/A
Provision for loan losses as a percentage of average loans	0.21%	0.06%	0.06%	0.06%	0.06%
	Quarter Ending
	Dec 31,	Sept. 30,	June 30,	March 31,	Dec 31,
SELECTED RATIOS	2010	2010	2010	2010	2009
Return on average assets (annualized)	1.35%	1.31%	1.32%	1.26%	1.15%
Return on average equity (annualized)	12.08%	11.97%	11.44%	11.06%	10.75%
Return on average equity (excluding unrealized gain on investments)	12.91%	12.95%	12.35%	12.05%	11.71%
Average shareholders' equity to average assets	11.15%	10.98%	11.56%	11.42%	10.65%
Yield on earning assets (tax equivalent)	4.32%	4.34%	4.52%	4.45%	4.27%
Cost of interest bearing funds	0.96%	1.07%	1.10%	1.15%	1.34%
Net interest margin (tax equivalent)	3.49%	3.52%	3.67%	3.57%	3.23%
Efficiency ratio (tax equivalent)	45.18%	44.13%	44.04%	45.34%	51.52%
End of period book value per common share	15.76	16.04	15.73	15.35	15.03
End of period book value (excluding unrealized gain on investments)	15.16	14.82	14.62	14.19	13.77
End of period common shares outstanding	1,067	1,085	1,116	1,116	1,115

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)
	12 Months Ending
	December 31, 2010				December 31, 2009
				Tax				Tax
	Average			Equivalent	Average			Equivalent
YIELD ANALYSIS	Balance	Interest	Yield	Yield	Balance	Interest	Yield	Yield
Interest Earning Assets:
Short term investment	22,244	259	1.16%	1.16%	23,653	415	1.75%	1.75%
Investment securities	25,694	1,116	4.34%	4.34%	27,072	1,124	4.15%	4.15%
Tax Free securities	25,108	788	3.14%	4.52%	25,463	814	3.20%	4.61%
Loans	72,786	3,918	5.38%	5.38%	64,707	3,511	5.43%	5.43%
Total Interest Earning Assets	145,832	6,081	4.17%	4.42%	140,895	5,864	4.16%	4.42%
Noninterest Earning Assets:
Cash and due from banks	3,127				3,489
Other assets	5,194				2,655
Allowance for loan losses	(1,196)				(996)
Total Noninterest Earning Assets	7,125				5,148
Total Assets	$152,957				$146,043
Interest Bearing Liabilities:
Transaction and Money Market accounts	78,624	734	0.93%	0.93%	72,635	900	1.24%	1.24%
Certificates and other time deposits	32,009	450	1.41%	1.41%	32,040	699	2.18%	2.18%
Other borrowings	880	6	0.68%	0.68%	1,972	11	0.56%	0.56%
Total Interest Bearing Liabilities	111,513	1,190	1.07%	1.07%	106,647	1,610	1.51%	1.51%
Noninterest Bearing Liabilities
Demand deposits	23,217				23,252
Other liabilities	1,002				742
Shareholders' Equity	17,225				15,402
Total Liabilities and Shareholders Equity	$152,957				$146,043
Net Interest Income and Spread		4,891	3.10%	3.35%		4,254	2.65%	2.91%
Net Interest Margin			3.35%	3.60%			3.07%	3.33%

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)
	Dec 31		Dec 31
	2010	%	2009	%
LOAN PORTFOLIO
Commercial and Industrial	35,155	48.52%	35,062	48.73%
Real estate:
Commercial	14,939	20.62%	12,970	18.03%
Residential	12,680	17.50%	9,470	13.16%
Construction and development	7,839	10.82%	11,376	15.81%
Consumer	1,847	2.55%	3,071	4.27%
Total loans (gross)	72,460	100.00%	71,949	100.00%
Unearned discounts	0	0.00%	0	0.00%
Total loans (net)	72,460	100.00%	71,949	100.00%
	Dec 31		Dec 31
	2010		2009
REGULATORY CAPITAL DATA
Tier 1 Capital	$16,176		$15,354
Total Capital (Tier 1 + Tier 2)	$17,443		$16,440
Total Risk-Adjusted Assets	$101,272		$106,044
Tier 1 Ratio	15.97%		14.48%
Total Capital Ratio	17.22%		15.50%
Tier 1 Leverage Ratio	10.40%		9.94%
OTHER DATA
Full Time Equivalent
Employees (FTE's)	14		14
Stock Price Range
(For the Twelve Months Ended):
High	$25.50		$29.75
Low	$21.00		$19.00
Close	$24.10		$24.25

CONTACT: Richard Burt
         Executive Vice President
         Trinity Bank
         817-763-9966