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TRANS FINANCIAL ANNOUNCES RECORD EARNINGS

 BOWLING GREEN, Ky., April 26 /PRNewswire/ -- Trans Financial Bancorp, Inc. (NASDAQ-NMS: TRFI), today announced the ninth consecutive quarter of record operating earnings of $2.9 million or $0.38 per common share on a fully diluted basis for the quarter ended March 31, 1993. The results represent a 27 percent increase in earnings per common share from the $1.7 million or $0.30 per common share during the first quarter of 1992. Including the one-time impact of the adoption of SFAS 109, "Accounting for Income Taxes," net income was $2.8 million or $0.37 per fully diluted share. The first quarter results of 1992 have been restated because of the effect of pooling accounting treatment of the Dawson Springs Bancorp acquisition which was completed on Dec. 31, 1992.
 The results for the first quarter produced a return on average assets of 1.21 percent and a return on average equity of 16.14 percent, compared with the 1.16 percent return on assets and 13.96 percent return on equity achieved during the first quarter of 1992.
 Included in the results for the first quarter was a $1 million pre-tax benefit from the sale of $14 million in U.S. Treasury securities. This portfolio restructuring was in anticipation of the previously announced acquisition of Trans Kentucky Bancorp, to avoid a concentration of securities in the up-to-three-year time horizon and for interest rate planning purposes. The sold securities were replaced with securities in other varied maturities. This positive impact was offset by one-time expenses associated with the Trans Kentucky Bancorp acquisition, as well as other prior and future acquisition costs, and increased reserves.
 Douglas M. Lester, Trans Financial's chairman and chief executive officer, stated, "The first quarter was excellent, with very strong loan growth, as well as continued increases in mortgage refinancings and originations. The addition of Trans Kentucky will be extremely accretive to earnings in the second half of 1993. This, combined with solid growth opportunities, makes the prospects for 1993 look very good."
 Trans Financial Bancorp, Inc., a bank holding company, serves Kentucky and Tennessee through 30 offices. Its stock is traded in the NASDAQ National Market System under the symbol TRFI.
 TRANS FINANCIAL BANCORP, INC.
 Quarterly Statistics
 (dollars in thousands)
 QTD QTD YTD QTD QTD YTD
 3/31/93 12/31/92 3/31/93 3/31/92 12/31/91 3/31/92
 AVERAGE BALANCE SHEETS
 Loans, net $578,524 $575,287 $578,524 $357,103 $349,159 $357,103
 Earning assets 853,420 861,922 853,420 524,032 520,394 524,032
 Assets 929,906 941,580 929,906 584,735 572,218 584,735
 Deposits 817,307 826,376 817,307 457,683 467,935 457,683
 Common equity 69,647 69,104 69,647 46,395 37,959 46,395
 Total equity 69,647 70,389 69,647 48,438 39,245 48,438
 END OF PERIOD BALANCE SHEETS
 Loans, net 569,956 545,758 535,303 347,055
 Loans held for
 sale 17,345 24,238 25,410 5,080
 Loan loss reserve 5,865 5,537 5,173 4,192
 Earning assets 866,488 889,124 799,769 523,432
 Assets 944,349 976,481 864,869 586,680
 Deposits 826,161 860,338 745,982 509,301
 Common equity 71,618 69,532 67,338 38,248
 Total equity 71,618 69,532 68,624 40,533
 Book value 9.69 9.42 9.35 8.44
 Intangibles 5,823 5,925 4,512 4,593
 Nonaccrual loans 4,635 2,750 4,780 2,090
 Restructured loans 549 655 1,554 3,891
 OREO 6,757 7,410 5,043 4,104
 90 days past due 1,178 2,643 456 1,177
 Total
 nonperforming 13,119 13,458 11,833 11,262
 INCOME STATEMENTS
 Interest income 16,414 17,555 16,414 11,839 12,289 11,839
 Interest expense 7,577 8,173 7,577 6,071 6,862 6,071
 Net interest inc. 8,837 9,382 8,837 5,768 5,427 5,768
 Loan loss prov. 416 304 416 250 228 250
 Non-int. income 3,875 2,809 3,875 1,885 2,137 1,885
 Non-int. expense 8,316 8,336 8,316 4,981 5,347 4,981
 Pretax income 3,980 3,551 3,980 2,422 1,989 2,422
 Income taxes 1,118 1,184 1,118 741 621 741
 Cumulative effect
 of FASB 109 91 91
 Net income 2,771 2,367 2,771 1,681 1,368 1,681
 Primary EPS before
 cumulative effect
 FASB 109 0.38 0.32 0.38 0.30 0.29 0.30
 Fully diluted EPS
 before cum. effect
 FASB 109 0.38 0.32 0.38 0.30 0.29 0.30
 Primary EPS 0.37 0.32 0.37 0.30 0.27 0.30
 Fully diluted 0.37 0.32 0.37 0.30 0.27 0.30
 Divs. per share 0.1275 0.1125 0.1275 0.1050 0.0975 0.1050
 Net charge-offs 86 79 86 265 372 265
 Return on average
 assets (percent) 1.21 1.00 1.21 1.16 0.95 1.16
 Return on average
 common equity
 (percent) 16.14 13.51 16.14 14.41 14.64 14.41
 Return on average
 equity (percent) 16.14 13.38 16.14 13.96 13.83 13.96
 Preferred dividends 0 20 0 19 39 19
 Interest on conv.
 debt, net 0 0 0 72
 Margin (percent) 4.20 4.33 4.20 4.43 4.15 4.43
 Net non-interest
 expense/average
 assets (percent) -1.94 -2.34 -1.94 -2.13 -2.23 -2.13
 Outstanding shrs. 7,389 7,377 7,336 4,537
 Average shares
 primary 7,468 7,396 7,468 5,547 4,455 5,547
 Average shares
 fully diluted 7,468 7,396 7,468 5,547 5,085 5,547
 NPLs/loans (pct) 1.12 1.11 1.27 2.06
 NPAs/assets (pct) 1.39 1.38 1.37 1.92
 Loan loss reserve/
 loans (percent) 1.03 1.01 0.97 1.21
 Efficiency ratio
 (percent) 65.42 68.38 65.42 65.09 70.69 65.09
 Share and per share data adjusted for the 4-for-3 stock split effective Feb. 1, 1993.
 -0- 4/26/93
 /CONTACT: Douglas M. Lester, chairman and CEO, 502-745-7550, or Vince Berta, CFO, 502-745-7504, both of Trans Financial/
 (TRFI)


CO: Trans Financial Bancorp, Inc. ST: Kentucky IN: FIN SU: ERN

GK-LR -- NY018 -- 0563 04/26/93 10:29 EDT
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Date:Apr 26, 1993
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