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Trinity Bank Reports 2020 4th Quarter Net Income of $1,246,000 and Full Year Net Income of $4,716,000
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Trinity Bank N.A.: Trinity Bank Reports 2020 4th Quarter Net Income of $1,246,000 and Full Year Net Income of $4,716,000
YTD Return on Equity 12.69%
FORT WORTH, TX / ACCESSWIRE / January 27, 2021 / Trinity Bank N.A. (OTC PINK:TYBT) today announced operating results for the fourth quarter and the twelve months ending December 31, 2020.
Results of Operation
For the fourth quarter 2020, Trinity Bank, N.A. reported Net Income after Taxes of $1,246,000, an increase of 2.1% over fourth quarter 2019 earnings of $1,220,000. Earnings per diluted common share for the fourth quarter 2020 amounted to $1.10, level with fourth quarter 2019 results of $1.10 per diluted common share.
For 2020, Net Income after Taxes was $4,716,000, an increase of 16.6% over 2019 results of $4,043,000. Earnings per diluted common share for 2020 were $4.16, an increase of 14.6% over 2019 results of $3.63 per diluted common share.
able to make a loan payment they have to have a loan loss reserve that s 125% of what you 20 million, they had to post in their account 20 million plus. so they get no interest on it and you know who pays for that? the american public who deals with that bank. sir, i m not in default and i m current on each and every one of these medallion loans and i ve never owed any money to first republic bank. in fact, at the time that i had the hilock, i had more cash sitting in that same bank than than the hilock and my mortgage combined. have you ever been to prague? i ve never been to prague. never have? i ve never been to the czech republic. i yield back the balance of my time. miss speier? thank you, mr. chairman, and thank you mr. cohen. on page 5 of your statement you say, and i quote, you need to know that mr. trump s personal lawyers reviewed and edited my
cab today? the ones in chicago, yes. i do have to sell. however, new york, the answer is no, i don t, and they are the industry is going through a major, major correction because of ride sharing. it s changed a lot of things. the value of it has. yes, sir. right. so no bank would the banks make you a loan again based on your record? actually they did. they did. post yes, the bank actually redid and they refinanced the entire package. currently. post this. yes. they ve never had to do a loan loss reserve for the projected losses? i don t know what they did. it is still the same amount. most likely they did. they may have done that, sir, but that s for their own banking, but not for me. if they suspect you of lying which you admitted to, if they suspect you of maybe not being
which you admitted to, if they suspect you of maybe not being able to make your loan payment, they have to have a loan loss reserve that s 125% of what you 20 million, they have to post in their account, 20 million plus. so they get to interest on it. you know who pays for that? the american public who deals with that bank. but sir, i m not in default and i m current on each and every one of those medallion loans and i have never owed any money to first republic bank. in fact, at the time that i had the heloc, i had more cash sitting in that same bank than the heloc and my mortgage combined. have you ever been to prague? he a i ha i have never been to prague. i ve never been to the czech republic. thank you, mr. chair man. and thank you, mr. cohen. on page 5 of your statement, you say, and i quote, you need to
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