Processed and formatted by SEC Watch - Visit SECWatch.

com

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
CURRENT REPORT,
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report February 20, 2009

(Date of earliest event reported) February 20, 2009

TRINITY CAPITAL CORPORATION

(Exact name of Registrant as specified in its charter)

New Mexico
(State or other jurisdiction of incorporation)

000-50266 85-0242376
(Commission File Number) (I.R.S. Employer Identification Number)

1200 Trinity Drive, Los Alamos, New Mexico 87544

(Address of principal executive offices) (Zip Code)

(505) 662-5171
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 Processed and formatted by SEC Watch - Visit SECWatch.com
Section 2 – Financial Information

Item 2.02. Results of Operations and Financial Condition

On January 23, 2009, Trinity Capital Corporation issued a press release announcing its preliminary unaudited
financial results for the fiscal quarter and twelve months ended December 31, 2008. Since that release, management has
continued to review the adequacy of the reserve for loan losses and, as a result of that review, management determined
that an additional $1.443 million should be added to provision for loan losses during the fourth quarter. On February 20,
2009, Trinity distributed a revised press release announcing its revised preliminary unaudited financial results for the
fiscal quarter and twelve months ended December 31, 2008. The revised release is attached hereto as Exhibit 99.1 and
incorporated herein by reference.

In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K,
including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of
1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be
incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as
amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Section 9 – Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits

(a) Financial Statements of Business Acquired.

None.

(b) Pro Forma Financial Information.

None.

(c) Shell company transactions.

None.

(d) Exhibits.

99.1 Press Release dated February 20, 2009

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report
to be signed on its behalf by the undersigned hereunto duly authorized.

TRINITY CAPITAL CORPORATION

Dated: February 20, 2009 /s/ Daniel R. Bartholomew

Daniel R. Bartholomew

Exhibit 99.1
 Processed and formatted by SEC Watch - Visit SECWatch.com
Date: February 20, 2009
Contact: Steve Wells, Los Alamos National Bank President, 505-662-5171

For Immediate Release

Trinity Capital Corporation

Reports Revision to Previously Released Year and Fourth Quarter 2008 Earnings

LOS ALAMOS, N.M., February 20, 2009 — Trinity Capital Corporation (“Trinity”), the holding company for
Los Alamos National Bank (“LANB”) and Title Guaranty & Insurance Company, announced an adjustment to
previously released preliminary unaudited earnings for the year ended December 31, 2008 and the fourth quarter of 2008.

The adjustment to earnings was due to an additional review of the adequacy of the reserve for loan losses, and
management determined that an additional $1.443 million should be added to provision for loan losses. The tax-effected
adjustment to net income was a reduction in net income by $872 thousand, resulting in net income for 2008 of $7.999
million, compared to net income for 2007 of $13.329 million. Trinity’s net income for the fourth quarter of 2008 was $122
thousand instead of $994 thousand as previously reported.

As recent news highlights, 2008 has brought difficult times to many financial service companies. The national
economy continues to be strained. In many areas of the nation, real estate values have decreased and foreclosures have
increased. Trinity and LANB did not engage in sub-prime lending and has limited non-traditional loans. We remain
concerned about how general economic conditions in the nation and New Mexico have affected and potentially could
affect our customers and markets, and have taken measures to properly manage these risks. As part of these risk
management measures, and after a careful assessment of our loan portfolio, we have increased our provision for loan
losses.

Despite the downturn in the economy, Trinity earned a total of $7.999 million in 2008, or 60.0% of the income
earned in 2007, our most profitable year ever.

Twe lve Mon ths En de d De ce m be r

31,

2008 2007 Diffe re n ce , $ Diffe re n ce , %

(Dollars in thou san ds, e xce pt pe r sh are am ou n ts)

Interest income $ 83,200 $ 96,989 $ (13,789) (14.2)%
Interest expense 35,936 47,998 (12,062) (25.1)
Net interest income 47,264 48,991 (1,727) (3.5)
Provision for loan losses 8,183 4,200 3,983 94.8
Net interest income after provision for loan
losses 39,081 44,791 (5,710) (12.7)
Non-interest income 11,544 10,508 1,036 9.9
Non-interest expense 38,043 34,605 3,438 9.9
Income before income taxes 12,582 20,694 (8,112) (39.2)
Income taxes 4,583 7,365 (2,782) (37.8)
Net income $ 7,999 $ 13,329 $ (5,330) (40.0)%
Diluted earnings per common share $ 1.23 $ 2.03 $ (0.80) (39.4)%

1
 Processed and formatted by SEC Watch - Visit SECWatch.com

Unaudited net income for 2008 totaled $7.999 million or $1.23 diluted earnings per share, compared to $13.329
million or $2.03 diluted earnings per share for the same period in 2007, a decrease of $5.330 million in net income and a
decrease of $0.80 in diluted earnings per share. This decrease in net income was primarily due to an increase in
provision for loan losses of $3.983 million and an increase in non-interest expense of $3.438 million. The provision for
loan losses increased pursuant to management’s loan loss reserve analysis, as a prudent measure to insure that
possible losses inherent in the bank’s loan portfolio are adequately covered. The increase in non-interest expense was
primarily due to an increase in the valuation allowance for mortgage servicing rights, caused by a lower interest rate
environment. In addition, net interest income decreased $1.727 million and non-interest income increased $1.036 million.
Net interest income decreased mainly due to a decrease in interest income. Non-interest income increased mainly due to
gains on the sales of investment securities and loans. Income tax expenses decreased $2.782 million due to a lower pre-
tax income.

Th re e Mon ths En de d De ce m be r
31,

2008 2007 Diffe re n ce , $ Diffe re n ce , %

(Dollars in thou san ds, e xce pt pe r sh are am ou n ts)

Interest income $ 20,096 $ 24,447 $ (4,351) (17.8)%
Interest expense 7,486 12,204 (4,718) (38.7)
Net interest income 12,610 12,243 367 3.0
Provision for loan losses 4,093 1,050 3,043 289.8
Net interest income after provision for loan
losses 8,517 11,193 (2,676) (23.9)
Non-interest income 2,517 2,552 (35) (1.4)
Non-interest expense 10,976 8,655 2,321 26.8
Income before income taxes 58 5,090 (5,032) (98.9)
Income taxes (64) 1,813 (1,877) (103.5)
Net income $ 122 $ 3,277 $ (3,155) (96.3)%
Diluted earnings per common share $ 0.02 $ 0.50 $ (0.48) (96.0)%

Trinity’s unaudited net income for the fourth quarter of 2008 totaled $122 thousand or $0.02 diluted earnings
per share, compared to $3.277 million or $0.50 diluted earnings per share for the same period in 2007, a decrease of $3.155
million in net income and a decrease of $0.48in diluted earnings per share. This decrease in net income was primarily due
to an increase in provision for loan losses of $3.043 million and an increase in non-interest expense of $2.321 million. The
provision for loan losses increased pursuant to management’s loan loss reserve analysis, as a prudent measure to
insure that possible losses inherent in the bank’s loan portfolio are adequately covered. The increase in non-interest
expense was mainly due to an increase in the valuation allowance for mortgage servicing rights, caused by a lower
interest rate environment. In addition, net interest income increased $367 thousand and non-interest income decreased
$35 thousand. Income tax expenses decreased $1.877 million due to a lower pre-tax income. A credit for income tax was
recognized due to a change in the income tax treatment of forgone interest on non-performing loans.

Trinity is a bank holding company with $1.418 billion in total assets and has 280 employees. LANB is currently
in its 46th year of operation, and offers financial services at its main office in Los Alamos, an office in White Rock, two
offices in Santa Fe and an office in Albuquerque. LANB also operates a network of 28 automatic teller machines
throughout northern New Mexico. Title Guaranty & Insurance Company offers title services from its offices in Los
Alamos and Santa Fe.

2
 Processed and formatted by SEC Watch - Visit SECWatch.com
This document contains, and future oral and written statements of Trinity and its management may contain,
forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to
the financial condition, results of operations, plans, objectives, future performance and business of Trinity. Forward-
looking statements, which may be based upon beliefs, expectations and assumptions of Trinity’s management and on
information currently available to management, are generally identifiable by the use of words such as “believe,”
“expect,” “anticipate,” “plan,” “intend,” “estimate,” “may,” “will,” “would,” “could,” “should” or other similar
expressions. Additionally, all statements in this document, including forward-looking statements, speak only as of the
date they are made, and Trinity undertakes no obligation to update any statement in light of new information or
future events. These risks and uncertainties should be considered in evaluating forward-looking statements and
undue reliance should not be placed on such statements. Additional information concerning Trinity and its business,
including additional factors that could materially affect Trinity’s financial results, is included in Trinity’s filings with
the Securities and Exchange Commission.