Triad Business Bank 1st Quarter Earnings Release 

Triad Business Bank (OTC Pink – “TBBC”), April 27, 2023, Announces Unaudited First Quarter, 2023 Results

Triad Business Bank (“the Bank”) continues to serve and support the Triad’s business communities and meet the needs of our customers. The Bank remains highly liquid as core deposits are stable. Total deposits increased by $36.0 million during the first quarter of 2023. Maintaining a stable deposit base in this environment resulted in rapid increases in the Bank’s deposit costs and a reduced net interest margin. The Bank processed over $1.4 billion of business transactions while also continuing to extend credit and increasing the loan portfolio by $28.0 million during the quarter. The Bank’s asset quality remains strong with no nonperforming or past due loans. Our $300.2 million core loan portfolio is repricing to current market rates with a 2.5‐year average duration, which we believe will result in the Bank having a prolonged expansion of its margin as loan assets continually reprice. The $136.8 million investment portfolio will also work to expand margins given the 4.5‐year duration and serves as an on‐balance sheet source of liquidity.

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