TRINITY BANK N.A. (Unaudited) (Dollars in thousands, except per share data) Quarter Ended Twelve Months Ended December 31 % December 31 %EARNINGS SUMMARY 2012 2011 Change 2012 2011 ChangeInterest income 1,542 1,509 2.2% 6,138 5,879 4.4%Interest expense 110 199 -44.7% 556 845 -34.2%Net Interest Income 1,432 1,310 9.3% 5,582 5,034 10.9%Provision for Loan Losses 45 0 N/A 195 0 N/AService charges on deposits 41 37 10.8% 152 147 3.4%Net gain on securities available for sale 116 18 544.4% 286 114 150.9%Other income 64 55 16.4% 242 279 -13.3%Total Non Interest Income 221 110 100.9% 680 540 25.9%Salaries and benefits expense 512 450 13.8% 1,494 1,419 5.3%Occupancy and equipment expense 84 81 3.7% 307 314 -2.2%Other expense 122 90 35.6% 803 840 -4.4%Total Non Interest Expense 718 621 15.6% 2,604 2,573 1.2%Earnings before income taxes 890 799 11.4% 3,463 3,001 15.4%Provision for income taxes 225 194 16.0% 882 719 22.7%Net Earnings 665 605 9.9% 2,581 2,282 13.1%Basic earnings per share 0.59 0.57 3.5% 2.38 2.15 10.7%Basic weighted average shares outstanding 1,123 1,059 1,084 1,063Diluted earnings per share 0.59 0.54 9.3% 2.36 2.02 16.8%Diluted weighted average shares outstanding 1,134 1,122 1,095 1,127 Average for Twelve Average for Quarter Months Ending December Ending December 31 % 31 %BALANCE SHEET SUMMARY 2012 2011 Change 2012 2011 ChangeTotal loans $ 85,853 $ 76,426 12.3% $ 83,486 $ 73,556 13.5%Total short term investments 25,057 26,760 -6.4% 21,982 21,500 2.2%Total investment securities 59,626 56,751 5.1% 58,512 54,003 8.3%Earning assets 170,536 159,937 6.6% 163,980 149,059 10.0%Total assets 177,855 166,392 6.9% 170,882 156,233 9.4%Noninterest bearing deposits 38,481 32,552 18.2% 33,866 28,743 17.8%Interest bearing deposits 116,937 113,758 2.8% 115,491 108,343 6.6%Total deposits 155,418 146,310 6.2% 149,357 137,086 9.0%Fed Funds Purchased and Repurchase Agreements 451 584 -22.8% 387 503 -23.1%Shareholders' equity 20,529 18,690 9.8% 20,134 17,943 12.2% 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 2012 2012 2012 2012 2011Total loans $ 85,853 $ 83,792 $ 83,133 $ 81,136 $ 76,426Total short term investments 25,057 27,327 16,955 18,495 26,760Total investment securities 59,626 58,929 58,031 57,451 56,751Earning assets 170,536 170,048 158,119 157,082 159,937Total assets 177,855 176,847 164,933 163,755 166,392Noninterest bearing deposits 38,481 35,755 31,337 29,804 32,552Interest bearing deposits 116,937 119,186 112,538 113,263 113,758Total deposits 155,418 154,941 143,875 143,067 146,310Fed Funds Purchased and Repurchase Agreements 451 395 251 450 584Shareholders' equity 20,529 20,621 19,962 19,416 18,690 Quarter Ended Dec 31, Sept. 30, June 30, March 31, Dec 31,HISTORICAL EARNINGS SUMMARY 2012 2012 2012 2012 2011Interest income 1,542 1,526 1,554 1,514 1,509Interest expense 110 134 151 161 199Net Interest Income 1,432 1,392 1,403 1,353 1,310Provision for Loan Losses 45 150 0 0 0Service charges on deposits 41 37 28 37 37Net gain on securities available for sale 116 153 0 17 18Other income 64 56 72 59 55Total Non Interest Income 221 246 100 113 110Salaries and benefits expense 512 342 309 331 450Occupancy and equipment expense 84 74 76 74 81Other expense 122 190 252 237 90Total Non Interest Expense 718 606 637 642 621Earnings before income taxes 890 882 866 824 799Provision for income taxes 225 231 222 203 194Net Earnings 665 651 644 621 605 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 2012 2012 2012 2012 2011Total loans $ 93,523 $ 84,625 $ 83,510 $ 84,808 $ 81,272Total short term investments 34,511 30,196 16,923 18,681 19,279Total investment securities 65,031 58,166 61,625 56,640 58,540Total earning assets 193,065 172,987 162,058 160,129 159,091Allowance for loan losses (1,073) (1,026) (1,371) (1,371) (1,371)Premises and equipment 1,287 1,322 1,340 1,368 1,378Other Assets 6,474 6,040 6,469 6,706 7,843Total assets 199,753 179,323 168,496 166,832 166,941Noninterest bearing deposits 49,403 36,826 33,721 32,239 34,203Interest bearing deposits 128,491 120,298 113,377 114,268 112,163Total deposits 177,894 157,124 147,098 146,507 146,366Fed Funds Purchased and Repurchase Agreements 559 409 294 203 713Other Liabilities 725 910 809 898 792Total liabilities 179,178 158,443 148,201 147,608 147,871Shareholders' Equity Actual 19,546 19,775 19,244 18,368 18,025Unrealized Gain - AFS 1,029 1,105 1,051 856 1,045 Total Equity 20,575 20,880 20,295 19,224 19,070 Quarter Ending Dec 31, Sept. 30, June 30, March 31, Dec 31,NONPERFORMING ASSETS 2012 2012 2012 2012 2011Nonaccrual loans $ 0 $ 0 $ 528 $ 221 $ 653Restructured loans $ 0 $ 0 $ 0 $ 0 $ 0Other real estate & foreclosed assets $ 35 $ 72 $ 0 $ 0 $ 0Accruing loans past due 90 days or more $ 0 $ 0 $ 0 $ 0 $ 0Total nonperforming assets $ 35 $ 72 $ 528 $ 221 $ 653Accruing loans past due 30-89 days $ 0 $ 0 $ 0 $ 0 $ 0Total nonperforming assets as a percentage of loans and foreclosed assets 0.04% 0.09% 0.63% 0.26% 0.80% TRINITY BANK N.A. (Unaudited) (Dollars in thousands, except per share data) Quarter EndingALLOWANCE FOR Dec 31, Sept. 30, June 30, March 31, Dec 31,LOAN LOSSES 2012 2012 2012 2012 2011Balance at beginning of period $ 1,026 $ 1,371 $ 1,371 $ 1,371 $ 1,371Loans charged off 0 (499) 0 0 0Loan recoveries 2 4 0 0 0 Net (charge-offs) recoveries 2 (495) 0 0 0Provision for loan losses 45 150 0 0 0Balance at end of period $ 1,073 $ 1,026 $ 1,371 $ 1,371 $ 1,371Allowance for loan losses as a percentage of total loans 1.15% 1.21% 1.62% 1.62% 1.69%Allowance for loan losses as a percentage of nonperforming loans 3065.71% 1425.00% 1904.17% 620.36% 209.95%Net charge-offs (recoveries) as a percentage of average loans 0.00% 0.59% N/A N/A N/AProvision for loan losses as a percentage of average loans 0.05% 0.18% N/A N/A N/A Quarter Ending Dec 31, Sept. 30, June 30, March 31, Dec 31,SELECTED RATIOS 2012 2012 2012 2012 2011Return on average assets (annualized) 1.50% 1.47% 1.56% 1.52% 1.45%Return on average equity (annualized) 12.96% 12.63% 12.90% 12.79% 12.95%Return on average equity (excluding unrealized gain on investments) 13.79% 13.35% 13.61% 13.56% 13.62%Average shareholders' equity to average assets 11.54% 11.66% 12.10% 11.86% 11.23%Yield on earning assets (tax equivalent) 3.84% 3.82% 4.19% 4.14% 4.05%Cost of interest bearing funds 0.37% 0.45% 0.54% 0.57% 0.70%Net interest margin (tax equivalent) 3.58% 3.50% 3.81% 3.73% 3.56%Efficiency ratio (tax equivalent) 43.97 38.20 39.59 40.71 40.55End of period book value per common share 18.26 19.23 18.79 18.20 18.05End of period book value (excluding unrealized gain on investments) 17.34 18.21 17.82 17.39 17.07End of period common shares outstanding 1,127 1,086 1,080 1,056 1,056 TRINITY BANK N.A. (Unaudited) (Dollars in thousands, except per share data) 12 Months Ending December 31, 2012 Tax Average EquivalentYIELD ANALYSIS Balance Interest Yield YieldInterest Earning Assets:Short term investment 21,982 131 0.60% 0.60%Investment securities 18,786 681 3.63% 3.63%Tax Free securities 39,726 930 2.34% 3.37%Loans 83,486 4,396 5.27% 5.27%Total Interest Earning Assets 163,980 6,138 3.74% 3.99%Noninterest Earning Assets:Cash and due from banks 3,568Other assets 4,592Allowance for loan losses (1,258)Total Noninterest Earning Assets 6,902Total Assets $170,882Interest Bearing Liabilities:Transaction and Money Market accounts 87,411 351 0.40% 0.40%Certificates and other time deposits 28,080 204 0.73% 0.73%Other borrowings 387 1 0.26% 0.26%Total Interest Bearing Liabilities 115,878 556 1.92% 1.92%Noninterest Bearing LiabilitiesDemand deposits 33,866Other liabilities 1,004Shareholders' Equity 20,134Total Liabilities and Shareholders Equity $170,882Net Interest Income and Spread 5,582 1.82% 2.07%Net Interest Margin 3.40% 3.65% 12 Months Ending December 31, 2011 Tax Average EquivalentYIELD ANALYSIS Balance Interest Yield YieldInterest Earning Assets:Short term investment 21,500 130 0.60% 0.60%Investment securities 18,758 828 4.41% 4.41%Tax Free securities 35,245 981 2.78% 4.01%Loans 73,556 3,940 5.36% 5.36%Total Interest Earning Assets 149,059 5,879 3.94% 4.23%Noninterest Earning Assets:Cash and due from banks 4,344Other assets 4,201Allowance for loan losses (1,371)Total Noninterest Earning Assets 7,174Total Assets $156,233Interest Bearing Liabilities:Transaction and Money Market accounts 79,916 549 0.69% 0.69%Certificates and other time deposits 29,762 294 0.99% 0.99%Other borrowings 503 2 0.40% 0.40%Total Interest Bearing Liabilities 110,181 845 0.77% 0.77%Noninterest Bearing LiabilitiesDemand deposits 27,408Other liabilities 701Shareholders' Equity 17,943Total Liabilities and Shareholders Equity $156,233Net Interest Income and Spread 5,034 3.18% 3.47%Net Interest Margin 3.38% 3.67% TRINITY BANK N.A. (Unaudited) (Dollars in thousands, except per share data) December 31 December 31 2012 % 2011 %LOAN PORTFOLIOCommercial and industrial 53,820 57.55% 40,359 49.66%Real estate: Commercial 14,614 15.63% 13,112 16.13% Residential 13,862 14.82% 16,400 20.18% Construction and development 9,058 9.69% 8,947 11.01%Consumer 2,169 2.32% 2,454 3.02%Total loans (gross) 93,523 100.00% 81,272 100.00%Unearned discounts 0 0.00% 0 0.00%Total loans (net) 93,523 100.00% 81,272 100.00% December 31 December 31 2012 2011REGULATORY CAPITAL DATATier 1 Capital $ 19,546 $ 18,025Total Assets $ 177,855 $ 166,046Tier 1 Capital Ratio 10.99% 10.86%Total Risk-Based Capital $ 20,619 $ 19,333Total Risk-Weighted Assets $ 122,289 $ 104,570Total Risk-Based Capital Ratio 16.86% 18.49%OTHER DATAFull Time EquivalentEmployees (FTE's) 14 14Stock Price Range(For the Three Months Ended): High $ 33.00 $ 27.00 Low $ 30.50 $ 24.10 Close $ 33.00 $ 26.05
For information contact:
Richard Burt
Executive Vice President
Trinity Bank
817-763-9966
