Triad Business Bank 2024 4th Quarter Earnings Release 

Triad Business Bank (OTC Pink – “TBBC”), February 25, 2025, Announces Unaudited Results for 2024, Including Fourth Quarter Results

For the fourth quarter of 2024, Triad Business Bank (the “Bank”) had provision for credit loss expense of $1.7 million which included the establishment of a $1.1 million reserve for a corporate bond. Following the provision, net loss for the quarter totaled $1.4 million. Ramsey Hamadi, Chief Executive Officer, commented, “The Bank holds a corporate bond that recently lost its investment grade, and its current value indicates there may be a credit issue. Therefore, until there is better clarity, the Bank established the $1.1 million reserve.” Hamadi continued, “Total regulatory capital continued to be strong at year end, totaling $63.1 million or 12.78% of risk weighted assets. The Bank reported a $777,000 improvement in core operating income (net income before provision for credit losses and tax expense, a non-GAAP measurement) over the fourth quarter of 2023. The Bank had core operating income of $299,000 in the fourth quarter of 2024 compared to a core operating loss of $478,000 in the fourth quarter of 2023. The Bank continued several positive trends by executing on key initiatives, including reducing operating expenses, narrowing its sales focus, solidifying its unaffiliated core deposits base, and expanding its margins. Noninterest expense declined $368,000 for the quarter ended December 31, 2024 as compared to the quarter ended December 31, 2023 due primarily to lower employee compensation expense and the pausing of director compensation. Net interest income increased $376,000 on a wider net interest margin and a growing balance sheet.”

Hamadi continued, “In the third quarter, the Bank reported its first nonaccruing commercial loan relationship of $1.5 million. In the fourth quarter, after liquidating some and repossessing the remainder of the industrial equipment collateral, the Bank charged off $998,000. These activities contributed to the $1.7 million provision for credit losses in the fourth quarter. Following this charged off relationship, the Bank has no nonperforming loans.”