North Dallas Bank & Trust Co. announces results for the second quarter

DALLAS, JULY 8, 2022 (GLOBE NEWSWIRE) – NDBT (North Dallas Bank & Trust Co.), an independent social bank established in 1961, today announced a net income of $ 2,223,054 or $ 0.87 per share for the three months ending June 30, 2022, compared to $ 1,880,378 or $ 0.73 per share for the same period in 2021. The increase in earnings is primarily due to loan growth in the first half of 2022.

The results have been prepared internally without review by the company’s independent accountants. Financial results are results of past results, events and market conditions, and are not a guarantee of future results. Any forward-looking implications derived from this information may differ materially from actual results.

Further information on the dividend statement is available from Glenn Henry, CFO, by contacting NDBT.

ABOUT NDBT
Founded in 1961, NDBT (North Dallas Bank & Trust Co.) is an independent community bank with five banking centers located in Dallas, Addison, Frisco, Las Colinas and Plano. Headquartered on the corner of Preston Road and LBJ at 12900 Preston Road in Dallas, NDBT is dedicated to helping people make smarter choices in business and life by offering authentic banking solutions, wealth management and innovative online banking tools. NDBT is a member of the FDIC and an equal mortgage lender. For more information, call 972.716.7100, or visit online www.ndbt.com.

NORTH DALLAS BANK & TRUST CO.
12900 PRESTON ROAD
DALLAS, TEXAS
ECONOMIC HIGHLIGHTS
Three months over Six months over
June 30th June 30th
Income statement 2022 2021 2022 2021
Net interest income 10,954,462 8,249,829 20,958,203 16,813,545
Provision for loan losses (1,100,000 ) (100,000 ) (1,850,000 ) (550,000 )
Non-interest income 1,538,901 1 342 957 3 060 949 2,565,458
Interest-free expenses (8,638,388 ) (7,134,782 ) (16,742,209 ) (14,259,694 )
Income before tax and extraordinary 2,754,975 2,358,004 5,426,943 4,569,309
Income tax (531 921 ) (477,626 ) (1,069,799 ) (919 316 )
Income before extraordinary 2,223,054 1,880,378 4,357,144 3,649,993
Extraordinary 0 0 0 0
Net income 2,223,054 1,880,378 4,357,144 3,649,993
Earnings per share 0.87 0.73 1.70 1.42
Six-month average
As of June 30th Finished June 30th
Balance 2022 2021 2022 2021
Total assets 1 728 270 804 1,591,942,505 1 722 033 798 1,530,778,505
Total loans 969,600,433 695 415 018 911 467 409 683,164,494
Deposit 1,561,360,658 1,413,714,432 1 549 887 908 1,353,569,077
Shareholders equity 157,357,150 169,742,352 164,415,092 170 237 949
(Prepared internally without review of
our independent accountants)

Media contact:
Brian C. Jensen
972-716-7124
[email protected]

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