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11/01/2012

Trinity Bank reports record earnings

Fort Worth-based Trinity Bank, which in October said it would pay a special $1 per share cash dividend, said it earned 651,000, or 57 cents a share, in the third quarter, up 12 percent from a year ago. The gain came despite $495,000 in charge-offs on three bad loans, which President Jeff Harp said were the first for the nine-year-old institution. He said the bank's loan loss reserve, which stood at $1.37 million at the start of the quarter, covered the losses without hurting income. Trinity Bank finished the quarter with $179 million in total assets, including $85 million in loans, and $157 million in deposits.

-- Jim Fuquay

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