|   | x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|---|--------------------------------------------------------------------------------------|

|   | o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|---|------------------------------------------------------------------------------------------|

| CASS INFORMATION SYSTEMS, INC.                         |
|--------------------------------------------------------|
| (Exact name of registrant as specified in its charter) |

| Missouri                                                       |   | 43-1265338                           |
|----------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |

| 13001 Hollenberg Drive, Bridgeton, Missouri |         | 63044      |         | (314) 506-5500                      |
|---------------------------------------------|--------------|------------|--------------|-------------------------------------|
| (Address of principal executive offices)    |    | (Zip Code) |    | (Telephone Number, incl. area code) |

| Title of each Class          |         | Name of each exchange on which registered |
|------------------------------|--------------|-------------------------------------------|
| Common Stock, par value $.50 |    | The Nasdaq Global Select Market           |

| Title of each Class |
|---------------------|
| None                |

----

----

| PART I.   |                                                                                                               |   |   |
|-----------|--------------------------------------------------------------------------------------------------------------------|--------|--------|
|      |                                                                                                               |   |   |
| Item 1.   | BUSINESS                                                                                                           |   | 1      |
|      |                                                                                                               |   |   |
| Item 1A.  | RISK FACTORS                                                                                                       |   | 3      |
|      |                                                                                                               |   |   |
| Item 1B.  | UNRESOLVED STAFF COMMENTS                                                                                          |   | 7      |
|      |                                                                                                               |   |   |
| Item 2.   | PROPERTIES                                                                                                         |   | 7      |
|      |                                                                                                               |   |   |
| Item 3.   | LEGAL PROCEEDINGS                                                                                                  |   | 7      |
|      |                                                                                                               |   |   |
| Item 4.   | REMOVED AND RESERVED                                                                                               |   | 7      |
|      |                                                                                                               |   |   |
| PART II.  |                                                                                                               |   |   |
| Item 5.   | MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES |   | 8      |
|      |                                                                                                               |   |   |
| Item 6.   | SELECTED FINANCIAL DATA                                                                                            |   | 9      |
|      |                                                                                                               |   |   |
| Item 7.   | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS                        |   | 9      |
|      |                                                                                                               |   |   |
| Item 7A.  | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK                                                         |   | 23     |
|      |                                                                                                               |   |   |
| Item 8.   | FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA                                                                        |   | 26     |
|      |                                                                                                               |   |   |
| Item 9.   | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE                               |   | 51     |
|      |                                                                                                               |   |   |
| Item 9A.  | CONTROLS AND PROCEDURES                                                                                            |   | 51     |
|      |                                                                                                               |   |   |
| Item 9B.  | OTHER INFORMATION                                                                                                  |   | 53     |
|      |                                                                                                               |   |   |
| PART III. |                                                                                                               |   |   |
|      |                                                                                                               |   |   |
| Item 10.  | DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE                                                             |   | 53     |
|      |                                                                                                               |   |   |
| Item 11.  | EXECUTIVE COMPENSATION                                                                                             |   | 53     |
|      |                                                                                                               |   |   |
| Item 12.  | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT                                                     |   |   |
|      | AND RELATED STOCKHOLDER MATTERS                                                                                    |   | 53     |
|      |                                                                                                               |   |   |
| Item 13.  | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE                                          |   | 54     |
|      |                                                                                                               |   |   |
| Item 14.  | PRINCIPAL ACCOUNTANT FEES AND SERVICES                                                                             |   | 54     |
|      |                                                                                                               |   |   |
| PART IV.  |                                                                                                               |   |   |
|      |                                                                                                               |   |   |
| Item 15.  | EXHIBITS AND FINANCIAL STATEMENT SCHEDULES                                                                         |   | 54     |
|      |                                                                                                               |   |   |
|      | SIGNATURES                                                                                                         |   | 56     |

----

----

----

----

----

----

----

| ITEM 1B. | UNRESOLVED STAFF COMMENTS |
|----------|---------------------------|

| ITEM 2. | PROPERTIES |
|---------|------------|

| ITEM 3. | LEGAL PROCEEDINGS |
|---------|-------------------|

| ITEM 4. | (REMOVED AND RESERVED) |
|---------|------------------------|

----

| ITEM 5. | MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS |
|---------|-----------------------------------------------------------------------------|

|        |   | 2010   |   |   | 2009   |   |
|-------------|--------|--------|--------|--------|--------|--------|
|        |   | High   |   |   | Low    |   |   | High |   |   | Low |   |
| 1st Quarter |   | $      | 31.70  |   |   | $      | 29.15 |   |   | $ | 33.60 |   |   | $ | 23.20 |   |
| 2nd Quarter |   |   | 35.00  |   |   |   | 30.11 |   |   |   | 35.35 |   |   |   | 29.75 |   |
| 3rd Quarter |   |   | 35.29  |   |   |   | 31.62 |   |   |   | 36.19 |   |   |   | 29.51 |   |
| 4th Quarter |   |   | 40.49  |   |   |   | 33.51 |   |   |   | 31.39 |   |   |   | 27.46 |   |

|      |   | 2010   |   |   | 2009   |   |
|-----------|--------|--------|--------|--------|--------|--------|
| March     |   | $      | .14    |   |   | $      | .13 |   |
| June      |   |   | .14    |   |   |   | .13 |   |
| September |   |   | .14    |   |   |   | .13 |   |
| December  |   |   | .16    |   |   |   | .14 |   |

----

| ITEM 6. | SELECTED FINANCIAL DATA |
|---------|-------------------------|

| (Dollars in thousands except per share data) |   | 2010   |      |   | 2009   |   |    | 2008   |   |   | 2007    |   |   | 2006   |    |
|----------------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|---------|
| Fee revenue and other income                                               |   | $      | 56,146    |   |   | $      | 51,238  |   |   | $      | 53,170  |   |   | $      | 48,200  |   |   | $ | 42,821 |   |
| Interest income on loans                                                   |   |   | 39,785    |   |   |   | 36,003  |   |   |   | 34,204  |   |   |   | 36,288  |   |   |   | 36,164 |   |
| Interest income on debt and equity securities                              |   |   | 8,747     |   |   |   | 7,611   |   |   |   | 7,716   |   |   |   | 5,531   |   |   |   | 3,627 |   |
| Other interest income                                                      |   |   | 514       |   |   |   | 170     |   |   |   | 2,218   |   |   |   | 7,527   |   |   |   | 7,262 |   |
| Total interest income                                                      |   |   | 49,046    |   |   |   | 43,784  |   |   |   | 44,138  |   |   |   | 49,346  |   |   |   | 47,053 |   |
| Interest expense on deposits                                               |   |   | 4,875     |   |   |   | 4,924   |   |   |   | 3,179   |   |   |   | 7,728   |   |   |   | 6,414 |   |
| Interest expense on short-term borrowings                                  |   |   | 0         |   |   |   | 23      |   |   |   | 12      |   |   |   | 6       |   |   |   | 7 |   |
| Interest on debentures and other                                           |   |   | 0         |   |   |   | 106     |   |   |   | 187     |   |   |   | 230     |   |   |   | 198 |   |
| Total interest expense                                                     |   |   | 4,875     |   |   |   | 5,053   |   |   |   | 3,378   |   |   |   | 7,964   |   |   |   | 6,619 |   |
| Net interest income                                                        |   |   | 44,171    |   |   |   | 38,731  |   |   |   | 40,760  |   |   |   | 41,382  |   |   |   | 40,434 |   |
| Provision for loan losses                                                  |   |   | 4,100     |   |   |   | 2,050   |   |   |   | 2,200   |   |   |   | 900     |   |   |   | 1,150 |   |
| Net interest income after provision                                        |   |   | 40,071    |   |   |   | 36,681  |   |   |   | 38,560  |   |   |   | 40,482  |   |   |   | 39,284 |   |
| Operating expense                                                          |   |   | 68,284    |   |   |   | 66,385  |   |   |   | 65,564  |   |   |   | 62,739  |   |   |   | 58,277 |   |
| Income before income tax expense                                           |   |   | 27,933    |   |   |   | 21,534  |   |   |   | 26,166  |   |   |   | 25,943  |   |   |   | 23,828 |   |
| Income tax expense                                                         |   |   | 7,623     |   |   |   | 5,405   |   |   |   | 7,160   |   |   |   | 8,148   |   |   |   | 8,367 |   |
| Income from continuing operations                                          |   | $      | 20,310    |   |   | $      | 16,129  |   |   | $      | 19,006  |   |   | $      | 17,795  |   |   | $ | 15,461 |   |
| Net loss from discontinued operations                                      |   |   | —   |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | (395 | ) |
| Net income                                                                 |   |   | 20,310    |   |   |   | 16,129  |   |   |   | 19,006  |   |   |   | 17,795  |   |   |   | 15,066 |   |
| Diluted earnings per share from continuing operations                      |   | $      | 2.15      |   |   | $      | 1.73    |   |   | $      | 2.03    |   |   | $      | 1.90    |   |   | $ | 1.65 |   |
| Diluted earnings per share                                                 |   |   | 2.15      |   |   |   | 1.73    |   |   |   | 2.03    |   |   |   | 1.90    |   |   |   | 1.61 |   |
| Dividends per share                                                        |   |   | .580      |   |   |   | .530    |   |   |   | .490    |   |   |   | .447    |   |   |   | .400 |   |
| Dividend payout ratio                                                      |   |   | 26.82     | %      |   |   | 30.54   | %      |   |   | 24.14   | %      |   |   | 23.53   | % |   |   | 24.84 | % |
| Average total assets                                                       |   | $      | 1,157,257 |   |   | $      | 978,171 |   |   | $      | 922,471 |   |   | $      | 891,734 |   |   | $ | 839,208 |   |
| Average net loans                                                          |   |   | 666,202   |   |   |   | 606,304 |   |   |   | 546,110 |   |   |   | 508,621 |   |   |   | 516,164 |   |
| Average debt and equity securities                                         |   |   | 222,249   |   |   |   | 193,393 |   |   |   | 197,273 |   |   |   | 141,363 |   |   |   | 91,555 |   |
| Average total deposits                                                     |   |   | 470,096   |   |   |   | 375,572 |   |   |   | 241,844 |   |   |   | 279,831 |   |   |   | 278,546 |   |
| Average subordinated convertible debentures                                |   |   | —   |   |   |   | 1,984   |   |   |   | 3,669   |   |   |   | 3,699   |   |   |   | 3,700 |   |
| Average total shareholders’ equity                                   |   |   | 137,748   |   |   |   | 117,663 |   |   |   | 104,185 |   |   |   | 89,427  |   |   |   | 79,736 |   |
| Return on average total assets                                             |   |   | 1.76      | %      |   |   | 1.65    | %      |   |   | 2.06    | %      |   |   | 2.00    | % |   |   | 1.80 | % |
| Return on average equity                                                   |   |   | 14.74     |   |   |   | 13.71   |   |   |   | 18.24   |   |   |   | 19.90   |   |   |   | 18.89 |   |
| Average equity to assets ratio                                             |   |   | 11.90     |   |   |   | 12.03   |   |   |   | 11.29   |   |   |   | 10.03   |   |   |   | 9.50 |   |
| Equity to assets ratio at year-end                                         |   |   | 11.96     |   |   |   | 12.79   |   |   |   | 12.00   |   |   |   | 11.01   |   |   |   | 9.78 |   |
| Net interest margin                                                        |   |   | 4.61      |   |   |   | 4.79    |   |   |   | 5.34    |   |   |   | 5.45    |   |   |   | 5.50 |   |
| Allowance for loan losses to loans at year-end                             |   |   | 1.68      |   |   |   | 1.29    |   |   |   | 1.09    |   |   |   | 1.26    |   |   |   | 1.31 |   |
| Nonperforming assets to loans and foreclosed assets                        |   |   | .35       |   |   |   | .55     |   |   |   | .57     |   |   |   | .77     |   |   |   | .16 |   |
| Net loan charge-offs to average loans outstanding                          |   |   | .07       |   |   |   | .04     |   |   |   | .37     |   |   |   | .24     |   |   |   | .16 |   |

| ITEM 7. | MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |
|---------|---------------------------------------------------------------------------------------|

----

----

|                                                          |   | For the Years Ended December 31, |       |   | % Change |   |
|---------------------------------------------------------------|--------|-----------------------------------------------------------|------------|--------|---------------|--------|
| (In thousands except per share data) |   | 2010                                                      |       |   | 2009          |   |   | 2008 |   |   | 2010 v. 2009 |   |   | 2009 v. 2008 |   |
| Total processing volume                                       |   |                                                      | 38,534     |   |          |   | 34,619 |   |   |   | 36,416 |   |   |   | 11.3 | % |   |   | (4.9 | )% |
| Total processing dollars                                      |   | $                                                         | 27,426,336 |   |          | $      | 23,717,451 |   |   | $ | 26,900,535 |   |   |   | 15.6 |   |   |   | (11.8 | ) |
| Payment and processing fees                                   |   | $                                                         | 54,183     |   |          | $      | 48,665 |   |   | $ | 50,721 |   |   |   | 11.3 |   |   |   | (4.1 | ) |
| Net interest income after provision for loan losses           |   | $                                                         | 40,071     |   |          | $      | 36,681 |   |   | $ | 38,560 |   |   |   | 9.2 |   |   |   | (4.9 | ) |
| Total net revenue                                             |   | $                                                         | 96,217     |   |          | $      | 87,919 |   |   | $ | 91,730 |   |   |   | 9.4 |   |   |   | (4.2 | ) |
| Average earning assets                                        |   | $                                                         | 1,060,559  |   |          | $      | 894,951 |   |   | $ | 841,367 |   |   |   | 18.5 |   |   |   | 6.4 |   |
| Net interest margin*                                          |   |                                                      | 4.61       | %      |          |   | 4.79 | % |   |   | 5.34 | % |   |   |   |   |   |   |   |   |
| Net income                                                    |   | $                                                         | 20,310     |   |          | $      | 16,129 |   |   | $ | 19,006 |   |   |   | 25.9 |   |   |   | (15.1 | ) |
| Diluted earnings per share                                    |   | $                                                         | 2.15       |   |          | $      | 1.73 |   |   | $ | 2.03 |   |   |   | 24.3 |   |   |   | (14.8 | ) |
| Return on average assets                                      |   |                                                      | 1.76       | %      |          |   | 1.65 | % |   |   | 2.06 | % |   |   |   |   |   |   |   |   |
| Return on average equity                                      |   |                                                      | 14.74      | %      |          |   | 13.71 | % |   |   | 18.24 | % |   |   |   |   |   |   |   |   |

----

|                                      |   | December 31, |       |   | % Change |   |
|-------------------------------------------|--------|-------------------|------------|--------|---------------|--------|
| (In thousands)                       |   | 2010              |       |   | 2009          |   |   | 2008 |   |   | 2010 v. 2009 |   |   | 2009 v. 2008 |   |
| Transportation invoice transaction volume |   |              | 26,287     |   |          |   | 23,137 |   |   |   | 25,854 |   |   |   | 13.6 | % |   |   | (10.5 | )% |
| Transportation invoice dollar volume      |   | $                 | 16,966,003 |   |          | $      | 14,047,342 |   |   | $ | 17,482,520 |   |   |   | 20.8 |   |   |   | (19.6 | ) |
| Utility transaction volume                |   |              | 12,247     |   |          |   | 11,482 |   |   |   | 10,562 |   |   |   | 6.7 |   |   |   | 8.7 |   |
| Utility transaction dollar volume         |   | $                 | 10,460,333 |   |          | $      | 9,670,109 |   |   | $ | 9,418,015 |   |   |   | 8.2 |   |   |   | 2.7 |   |
| Payment and processing revenue            |   | $                 | 54,183     |   |          | $      | 48,665 |   |   | $ | 50,721 |   |   |   | 11.3 |   |   |   | (4.1 | ) |
| Bank service fees                         |   | $                 | 1,410      |   |          | $      | 1,324 |   |   | $ | 1,330 |   |   |   | 6.5 |   |   |   | (0.5 | ) |
| Gains on sales of investment securities   |   | $                 | 0          |   |          | $      | 697 |   |   | $ | 552 |   |   |   | (100.0 | ) |   |   | 26.3 |   |
| Other                                     |   | $                 | 553        |   |          | $      | 552 |   |   | $ | 567 |   |   |   | 0.2 |   |   |   | (2.6 | ) |

----

|                                 |   | December 31, |      |   | % Change |   |
|--------------------------------------|--------|-------------------|-----------|--------|---------------|--------|
| (In thousands)                  |   | 2010              |      |   | 2009          |   |   | 2008 |   |   | 2010 v. 2009 |   |   | 2009 v. 2008 |   |
| Average earning assets               |   | $                 | 1,060,559 |   |          | $      | 894,951 |   |   | $ | 841,366 |   |   |   | 18.5 | % |   |   | 6.4 | % |
| Net interest income*                 |   | $                 | 48,891    |   |          | $      | 42,869 |   |   | $ | 44,966 |   |   |   | 14.0 |   |   |   | (4.7 | ) |
| Net interest margin*                 |   |              | 4.61      | %      |          |   | 4.79 | % |   |   | 5.34 | % |   |   |   |   |   |   |   |   |
| Yield on earning assets*             |   |              | 5.07      | %      |          |   | 5.35 | % |   |   | 5.75 | % |   |   |   |   |   |   |   |   |
| Rate on interest bearing liabilities |   |              | 1.37      | %      |          |   | 1.81 | % |   |   | 2.16 | % |   |   |   |   |   |   |   |   |

----

|                                                      |   | 2010           |      |   | 2009                   |   |    | 2008       |   |
|-----------------------------------------------------------|--------|----------------|-----------|--------|------------------------|--------|---------|------------|--------|
| (In thousands)                                       |   | AverageBalance |      |   | InterestIncome/Expense |   |    | Yield/Rate |   |   | AverageBalance |   |   | InterestIncome/Expense |   |   | Yield/Rate |   |   | AverageBalance |   |   | InterestIncome/Expense |   |   | Yield/Rate |   |
| Assets1                                                   |   |           |      |   |                   |   |    |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earning assets                                            |   |           |      |   |                   |   |    |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans2, 3:                                                |   |           |      |   |                   |   |    |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Taxable                                                   |   | $              | 674,026   |   |                   | $      | 39,723  |       |   |   | 5.89 | % |   | $ | 610,171 |   |   | $ | 35,872 |   |   |   | 5.88 | % |   | $ | 548,500 |   |   | $ | 34,030 |   |   |   | 6.20 | % |
| Tax-exempt4                                               |   |           | 1,875     |   |                   |   | 95      |       |   |   | 5.07 |   |   |   | 3,088 |   |   |   | 202 |   |   |   | 6.54 |   |   |   | 3,833 |   |   |   | 268 |   |   |   | 6.97 |   |
| Debt and equity securities5:                              |   |           |      |   |                   |   |    |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Taxable                                                   |   |           | 885       |   |                   |   | 43      |       |   |   | 4.86 |   |   |   | 3,373 |   |   |   | 58 |   |   |   | 1.72 |   |   |   | 2,758 |   |   |   | 78 |   |   |   | 2.83 |   |
| Tax-exempt4                                               |   |           | 221,364   |   |                   |   | 13,391  |       |   |   | 6.05 |   |   |   | 190,020 |   |   |   | 11,620 |   |   |   | 6.12 |   |   |   | 194,515 |   |   |   | 11,750 |   |   |   | 6.04 |   |
| Interest-bearing deposits in other financial institutions |   |           | 35,655    |   |                   |   | 139     |       |   |   | .39 |   |   |   | 29,825 |   |   |   | 72 |   |   |   | 0.24 |   |   |   | 17,196 |   |   |   | 375 |   |   |   | 2.18 |   |
| Federal funds sold and other short-term investments       |   |           | 126,754   |   |                   |   | 375     |       |   |   | .30 |   |   |   | 58,474 |   |   |   | 98 |   |   |   | 0.17 |   |   |   | 74,564 |   |   |   | 1,843 |   |   |   | 2.47 |   |
| Total earning assets                                      |   |           | 1,060,559 |   |                   |   | 53,766  |       |   |   | 5.07 |   |   |   | 894,951 |   |   |   | 47,922 |   |   |   | 5.35 |   |   |   | 841,366 |   |   |   | 48,344 |   |   |   | 5.75 |   |
| Non-earning assets                                        |   |           |      |   |                   |   |    |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash and due from banks                                   |   |           | 10,794    |   |                   |   |    |       |   |   |   |   |   |   | 9,541 |   |   |   |   |   |   |   |   |   |   |   | 11,607 |   |   |   |   |   |   |   |   |   |
| Premise and equipment, net                                |   |           | 9,979     |   |                   |   |    |       |   |   |   |   |   |   | 11,171 |   |   |   |   |   |   |   |   |   |   |   | 12,393 |   |   |   |   |   |   |   |   |   |
| Bank owned life insurance                                 |   |           | 13,924    |   |                   |   |    |       |   |   |   |   |   |   | 13,376 |   |   |   |   |   |   |   |   |   |   |   | 12,802 |   |   |   |   |   |   |   |   |   |
| Goodwill and other intangibles                            |   |           | 7,795     |   |                   |   |    |       |   |   |   |   |   |   | 7,942 |   |   |   |   |   |   |   |   |   |   |   | 8,216 |   |   |   |   |   |   |   |   |   |
| Other assets                                              |   |           | 63,905    |   |                   |   |    |       |   |   |   |   |   |   | 48,145 |   |   |   |   |   |   |   |   |   |   |   | 42,310 |   |   |   |   |   |   |   |   |   |
| Allowance for loan losses                                 |   |           | (9,699    | )      |                   |   |    |       |   |   |   |   |   |   | (6,955 | ) |   |   |   |   |   |   |   |   |   |   | (6,223 | ) |   |   |   |   |   |   |   |   |
| Total assets                                              |   | $              | 1,157,257 |   |                   |   |    |       |   |   |   |   |   | $ | 978,171 |   |   |   |   |   |   |   |   |   |   | $ | 922,471 |   |   |   |   |   |   |   |   |   |
| Liabilities and Shareholders’ Equity1               |   |           |      |   |                   |   |    |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing liabilities                              |   |           |      |   |                   |   |    |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing demand deposits                          |   | $              | 182,869   |   |                   | $      | 2,082   |       |   |   | 1.14 | % |   | $ | 127,952 |   |   | $ | 1,798 |   |   |   | 1.41 | % |   | $ | 77,835 |   |   | $ | 1,086 |   |   |   | 1.40 | % |
| Savings deposits                                          |   |           | 28,137    |   |                   |   | 321     |       |   |   | 1.14 |   |   |   | 25,268 |   |   |   | 334 |   |   |   | 1.32 |   |   |   | 21,434 |   |   |   | 290 |   |   |   | 1.35 |   |
| Time deposits >=$100                                   |   |           | 52,510    |   |                   |   | 814     |       |   |   | 1.55 |   |   |   | 43,590 |   |   |   | 1,063 |   |   |   | 2.44 |   |   |   | 32,052 |   |   |   | 1,102 |   |   |   | 3.44 |   |
| Other time deposits                                       |   |           | 92,942    |   |                   |   | 1,658   |       |   |   | 1.78 |   |   |   | 76,585 |   |   |   | 1,729 |   |   |   | 2.26 |   |   |   | 20,712 |   |   |   | 701 |   |   |   | 3.38 |   |
| Total interest-bearing deposits                           |   |           | 356,458   |   |                   |   | 4,875   |       |   |   | 1.37 |   |   |   | 273,395 |   |   |   | 4,924 |   |   |   | 1.80 |   |   |   | 152,033 |   |   |   | 3,179 |   |   |   | 2.09 |   |
| Short-term borrowings                                     |   |           | 33        |   |                   |   | — |       |   |   | — |   |   |   | 3,759 |   |   |   | 23 |   |   |   | 0.61 |   |   |   | 876 |   |   |   | 12 |   |   |   | 1.37 |   |
| Subordinated debentures                                   |   |           | —   |   |                   |   | — |       |   |   | — |   |   |   | 1,984 |   |   |   | 106 |   |   |   | 5.34 |   |   |   | 3,669 |   |   |   | 187 |   |   |   | 5.10 |   |
| Total interest bearing liabilities                        |   |           | 356,491   |   |                   |   | 4,875   |       |   |   | 1.37 |   |   |   | 279,138 |   |   |   | 5,053 |   |   |   | 1.81 |   |   |   | 156,578 |   |   |   | 3,378 |   |   |   | 2.16 |   |
| Non-interest bearing liabilities                          |   |           |      |   |                   |   |    |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Demand deposits                                           |   |           | 113,638   |   |                   |   |    |       |   |   |   |   |   |   | 102,177 |   |   |   |   |   |   |   |   |   |   |   | 89,811 |   |   |   |   |   |   |   |   |   |
| Accounts and drafts payable                               |   |           | 533,617   |   |                   |   |    |       |   |   |   |   |   |   | 459,888 |   |   |   |   |   |   |   |   |   |   |   | 559,230 |   |   |   |   |   |   |   |   |   |
| Other liabilities                                         |   |           | 15,763    |   |                   |   |    |       |   |   |   |   |   |   | 19,305 |   |   |   |   |   |   |   |   |   |   |   | 12,667 |   |   |   |   |   |   |   |   |   |
| Total liabilities                                         |   |           | 1,019,509 |   |                   |   |    |       |   |   |   |   |   |   | 860,508 |   |   |   |   |   |   |   |   |   |   |   | 818,286 |   |   |   |   |   |   |   |   |   |
| Shareholders’ equity                                |   |           | 137,748   |   |                   |   |    |       |   |   |   |   |   |   | 117,663 |   |   |   |   |   |   |   |   |   |   |   | 104,185 |   |   |   |   |   |   |   |   |   |
| Total liabilities and share- holders’ equity        |   | $              | 1,157,257 |   |                   |   |    |       |   |   |   |   |   | $ | 978,171 |   |   |   |   |   |   |   |   |   |   | $ | 922,471 |   |   |   |   |   |   |   |   |   |
| Net interest income                                       |   |           |      |   |                   | $      | 48,891  |       |   |   |   |   |   |   |   |   |   | $ | 42,869 |   |   |   |   |   |   |   |   |   |   | $ | 44,966 |   |   |   |   |   |
| Net interest margin                                       |   |           |      |   |                   |   | 4.61    | %          |   |   |   |   |   |   |   |   |   |   | 4.79 | % |   |   |   |   |   |   |   |   |   |   | 5.34 | % |   |   |   |   |
| Interest spread                                           |   |           |      |   |                   |   | 3.70    | %          |   |   |   |   |   |   |   |   |   |   | 3.54 | % |   |   |   |   |   |   |   |   |   |   | 3.59 | % |   |   |   |   |

| 1 | Balances shown are daily averages. |
|---|------------------------------------|

| 2 | For purposes of these computations, nonaccrual loans are included in the average loan amounts outstanding.  Interest on nonaccrual loans is recorded when received as discussed further in Item 8, Note 1 of this report. |
|---|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3 | Interest income on loans includes net loan fees of $372,000, $409,000 and $310,000 for 2010, 2009 and 2008, respectively. |
|---|---------------------------------------------------------------------------------------------------------------------------|

----

| 4 | Interest income is presented on a tax-equivalent basis assuming a tax rate of 35% in 2010, 34% for 2009, and 35% for 2008.  The tax-equivalent adjustment was approximately $4,720,000, $4,138,000 and $4,206,000 for 2010, 2009 and 2008, respectively. |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5 | For purposes of these computations, yields on investment securities are computed as interest income divided by the average amortized cost of the investments. |
|---|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                      |   | 2010 Over 2009 |   |   | 2009 Over 2008 |   |
|-----------------------------------------------------------|--------|--------------------------|--------|--------|--------------------------|--------|
| (In thousands)                                       |   | Volume1                  |   |   | Rate1                    |   |   | Total |   |   | Volume1 |   |   | Rate1 |   |   | Total |   |
| Increase (decrease) in interest income:                   |   |                     |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans2,3:                                                 |   |                     |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Taxable                                                   |   | $                        | 3,763  |   |                     | $      | 88 |   |   | $ | 3,851 |   |   | $ | 3,689 |   |   | $ | (1,847 | ) |   | $ | 1,842 |   |
| Tax-exempt4                                               |   |                     | (68    | )      |                     |   | (39 | ) |   |   | (107 | ) |   |   | (49 | ) |   |   | (17 | ) |   |   | (66 | ) |
| Debt and equity securities:                               |   |                     |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Taxable                                                   |   |                     | (65    | )      |                     |   | 50 |   |   |   | (15 | ) |   |   | 15 |   |   |   | (35 | ) |   |   | (20 | ) |
| Tax-exempt4                                               |   |                     | 1,897  |   |                     |   | (126 | ) |   |   | 1,771 |   |   |   | (274 | ) |   |   | 144 |   |   |   | (130 | ) |
| Interest-bearing deposits in other financial institutions |   |                     | 16     |   |                     |   | 51 |   |   |   | 67 |   |   |   | 165 |   |   |   | (468 | ) |   |   | (303 | ) |
| Federal funds sold and other short-term investments       |   |                     | 167    |   |                     |   | 110 |   |   |   | 277 |   |   |   | (328 | ) |   |   | (1,417 | ) |   |   | (1,745 | ) |
| Total interest income                                     |   | $                        | 5,710  |   |                     | $      | 134 |   |   | $ | 5,844 |   |   | $ | 3,218 |   |   | $ | (3,640 | ) |   | $ | (422 | ) |
| Interest expense on:                                      |   |                     |   |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing demand deposits                          |   | $                        | 670    |   |                     | $      | (386 | ) |   | $ | 284 |   |   | $ | 704 |   |   | $ | 8 |   |   | $ | 712 |   |
| Savings deposits                                          |   |                     | 36     |   |                     |   | (49 | ) |   |   | (13 | ) |   |   | 51 |   |   |   | (7 | ) |   |   | 44 |   |
| Time deposits >=$100                                   |   |                     | 189    |   |                     |   | (438 | ) |   |   | (249 | ) |   |   | 333 |   |   |   | (372 | ) |   |   | (39 | ) |
| Other time deposits                                       |   |                     | 330    |   |                     |   | (401 | ) |   |   | (71 | ) |   |   | 1,331 |   |   |   | (303 | ) |   |   | 1,028 |   |
| Short-term borrowings                                     |   |                     | (11    | )      |                     |   | (12 | ) |   |   | (23 | ) |   |   | 21 |   |   |   | (10 | ) |   |   | 11 |   |
| Subordinated debentures                                   |   |                     | (53    | )      |                     |   | (53 | ) |   |   | (106 | ) |   |   | (90 | ) |   |   | 9 |   |   |   | (81 | ) |
| Total interest expense                                    |   |                     | 1,161  |   |                     |   | (1,339 | ) |   |   | (178 | ) |   |   | 2,350 |   |   |   | (675 | ) |   |   | 1,675 |   |
| Net interest income                                       |   | $                        | 4,549  |   |                     | $      | 1,473 |   |   | $ | 6,022 |   |   | $ | 868 |   |   | $ | (2,965 | ) |   | $ | (2,097 | ) |

| 1 | The change in interest due to the combined rate/volume variance has been allocated in proportion to the absolute dollar amounts of the change in each. |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2 | Average balances include nonaccrual loans. |
|---|--------------------------------------------|

| 3 | Interest income includes net loan fees. |
|---|-----------------------------------------|

| 4 | Interest income is presented on a tax-equivalent basis assuming a tax rate of 35% in 2010, 34% in 2009, and 35% in 2008. |
|---|--------------------------------------------------------------------------------------------------------------------------|

|                                 |   | December 31, |    |
|--------------------------------------|--------|-------------------|---------|
| (In thousands)                  |   | 2010              |    |   | 2009 |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |
| Commercial and industrial            |   | $                 | 135,061 |   |   | $ | 93,371 |   |   | $ | 118,044 |   |   | $ | 100,827 |   |   | $ | 113,162 |   |
| Real estate: (Commercial and church) |   |              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mortgage                             |   |              | 516,579 |   |   |   | 469,097 |   |   |   | 412,788 |   |   |   | 360,907 |   |   |   | 352,044 |   |
| Construction                         |   |              | 54,752  |   |   |   | 74,407 |   |   |   | 56,221 |   |   |   | 31,082 |   |   |   | 29,779 |   |
| Industrial revenue bonds             |   |              | 1,014   |   |   |   | 2,676 |   |   |   | 3,363 |   |   |   | 4,149 |   |   |   | 6,293 |   |
| Other                                |   |              | 1,227   |   |   |   | 2,406 |   |   |   | 1,560 |   |   |   | 1,490 |   |   |   | 2,847 |   |
| Total loans                          |   | $                 | 708,633 |   |   | $ | 641,957 |   |   | $ | 591,976 |   |   | $ | 498,455 |   |   | $ | 504,125 |   |

----

|                                      |   | One YearOr Less |   |   | Over 1 YearThrough 5 Years |   |    | Over5 Years |   |   |          |   |
|-------------------------------------------|--------|---------------------------|--------|--------|------------------------------------------------|--------|---------|------------------|--------|--------|---------------|--------|
| (In thousands)                       |   | FixedRate                 |   |   | FloatingRate1                                  |   |    | FixedRate        |   |   | FloatingRate1 |   |   | FixedRate |   |   | FloatingRate1 |   |   | Total |   |
| Commercial and industrial                 |   | $                         | 2,105  |   |                                           | $      | 67,571  |             |   | $      | 18,093        |   |   | $ | 21,396 |   |   | $ | 7,263 |   |   | $ | 18,633 |   |   | $ | 135,061 |   |
| Real estate (Commercial and Church): |   |                      |   |   |                                           |   |    |             |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mortgage                                  |   |                      | 56,097 |   |                                           |   | 19,199  |             |   |   | 398,813       |   |   |   | 36,228 |   |   |   | 6,242 |   |   |   | ― |   |   |   | 516,579 |   |
| Construction                              |   |                      | 19,109 |   |                                           |   | 22,758  |             |   |   | 2,897         |   |   |   | 9,988 |   |   |   | ― |   |   |   | ― |   |   |   | 54,752 |   |
| Industrial revenue bonds                  |   |                      | 231    |   |                                           |   | ― |             |   |   | 783           |   |   |   | ― |   |   |   | ― |   |   |   | ― |   |   |   | 1,014 |   |
| Other                                     |   |                      | 494    |   |                                           |   | 718     |             |   |   | 15            |   |   |   | ― |   |   |   | ― |   |   |   | ― |   |   |   | 1,227 |   |
| Total loans                               |   | $                         | 78,036 |   |                                           | $      | 110,246 |             |   | $      | 420,601       |   |   | $ | 67,612 |   |   | $ | 13,505 |   |   | $ | 18,633 |   |   | $ | 708,633 |   |

| 1 | Loans have been classified as having "floating" interest rates if the rate specified in the loan varies with the prime commercial rate of interest.  Note: Due to the historically low interest rates encountered during 2008 and continuing during 2009 and 2010, the Company instituted a 4% floor for its prime lending rate. |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                     |   | December 31, |    |
|----------------------------------------------------------------------------------------------------------|--------|-------------------|---------|
| (In thousands)                                                                                      |   | 2010              |    |   | 2009 |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |
| Allowance at beginning of year                                                       |   | $                 | 8,284   |   |   | $ | 6,451 |   |   | $ | 6,280 |   |   | $ | 6,592 |   |   | $ | 6,284 |   |
| Loans charged-off:                                                                                  |   |              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial and industrial, industrial revenue bonds (“IRB’s”) |   |              | 554     |   |   |   | 109 |   |   |   | 2,120 |   |   |   | 337 |   |   |   | 864 |   |
| Real estate: (Commercial and church)                                                 |   |              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mortgage                                                                                                 |   |              | 3⁄4  |   |   |   | 291 |   |   |   | 3⁄4 |   |   |   | 1,038 |   |   |   | 3⁄4 |   |
| Construction                                                                                             |   |              | 3⁄4  |   |   |   | 3⁄4 |   |   |   | 3⁄4 |   |   |   | 3⁄4 |   |   |   | 3⁄4 |   |
| Other                                                                                                    |   |              | 3⁄4  |   |   |   | 3⁄4 |   |   |   | 53 |   |   |   | 3⁄4 |   |   |   | 3⁄4 |   |
| Total loans charged-off                                                                        |   |              | 554     |   |   |   | 400 |   |   |   | 2,173 |   |   |   | 1,375 |   |   |   | 864 |   |
| Recoveries of loans previously charged-off:                                          |   |              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial and industrial, IRB’s                                                    |   |              | 60      |   |   |   | 180 |   |   |   | 136 |   |   |   | 159 |   |   |   | 22 |   |
| Real estate: (Commercial and church)                                                 |   |              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mortgage                                                                                                 |   |              | 1       |   |   |   | 3 |   |   |   | 3⁄4 |   |   |   | 4 |   |   |   | 3⁄4 |   |
| Construction                                                                                             |   |              | 3⁄4  |   |   |   | 3⁄4 |   |   |   | 3⁄4 |   |   |   | 3⁄4 |   |   |   | 3⁄4 |   |
| Other                                                                                                    |   |              | 3⁄4  |   |   |   | 3⁄4 |   |   |   | 8 |   |   |   | 3⁄4 |   |   |   | 3⁄4 |   |
| Total recoveries of loans previously charged-off                                |   |              | 61      |   |   |   | 183 |   |   |   | 144 |   |   |   | 163 |   |   |   | 22 |   |
| Net loans charged-off                                                                          |   |              | 493     |   |   |   | 217 |   |   |   | 2,029 |   |   |   | 1,212 |   |   |   | 842 |   |
| Provision charged to expense                                                              |   |              | 4,100   |   |   |   | 2,050 |   |   |   | 2,200 |   |   |   | 900 |   |   |   | 1,150 |   |
| Allowance at end of year                                                             |   | $                 | 11,891  |   |   | $ | 8,284 |   |   | $ | 6,451 |   |   | $ | 6,280 |   |   | $ | 6,592 |   |
| Loans outstanding:                                                                                  |   |              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Average                                                                                                  |   | $                 | 675,901 |   |   | $ | 613,259 |   |   | $ | 552,333 |   |   | $ | 515,123 |   |   | $ | 522,367 |   |
| December 31                                                                                              |   |              | 708,633 |   |   |   | 641,957 |   |   |   | 591,976 |   |   |   | 498,455 |   |   |   | 504,125 |   |
| Ratio of allowance for loan losses to loans outstanding:                                                 |   |              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Average                                                                                                  |   |              | 1.76    | % |   |   | 1.35 | % |   |   | 1.17 | % |   |   | 1.22 | % |   |   | 1.26 | % |
| December 31                                                                                              |   |              | 1.68    | % |   |   | 1.29 | % |   |   | 1.09 | % |   |   | 1.26 | % |   |   | 1.31 | % |
| Ratio of net charge-offs to average loans outstanding                                                    |   |              | .07     | % |   |   | .04 | % |   |   | .37 | % |   |   | .24 | % |   |   | .16 | % |
| Allocation of allowance for loan losses1:                                                                |   |              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial and industrial, IRB’s                                                                   |   | $                 | 2,732   |   |   | $ | 1,511 |   |   | $ | 1,521 |   |   | $ | 3,380 |   |   | $ | 3,507 |   |
| Real estate: (Commercial and church)                                                                     |   |              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mortgage                                                                                                 |   |              | 8,491   |   |   |   | 5,953 |   |   |   | 4,343 |   |   |   | 2,564 |   |   |   | 2,723 |   |
| Construction                                                                                             |   |              | 656     |   |   |   | 809 |   |   |   | 569 |   |   |   | 318 |   |   |   | 271 |   |
| Other                                                                                                    |   |              | 12      |   |   |   | 11 |   |   |   | 18 |   |   |   | 18 |   |   |   | 91 |   |
| Total                                                                                                    |   | $                 | 11,891  |   |   | $ | 8,284 |   |   | $ | 6,451 |   |   | $ | 6,280 |   |   | $ | 6,592 |   |
| Percentage of categories to total loans:                                                                 |   |              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial and industrial, IRB’s                                                                   |   |              | 19.2    | % |   |   | 14.9 | % |   |   | 20.5 | % |   |   | 21.1 | % |   |   | 22.5 | % |
| Real estate: (Commercial and church)                                                                     |   |              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mortgage                                                                                                 |   |              | 72.9    |   |   |   | 73.1 |   |   |   | 69.7 |   |   |   | 72.4 |   |   |   | 69.8 |   |
| Construction                                                                                             |   |              | 7.7     |   |   |   | 11.6 |   |   |   | 9.5 |   |   |   | 6.2 |   |   |   | 5.9 |   |
| Other                                                                                                    |   |              | 0.2     |   |   |   | 0.4 |   |   |   | 0.3 |   |   |   | 0.3 |   |   |   | 1.8 |   |
| Total                                                                                                    |   |              | 100.0   | % |   |   | 100.0 | % |   |   | 100.0 | % |   |   | 100.0 | % |   |   | 100.0 | % |

----

|                                                      |   | December 31, |   |
|-----------------------------------------------------------|--------|-------------------|--------|
| (In thousands)                                       |   | 2010              |   |   | 2009 |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |
| Commercial and industrial, IRB’s:                   |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Nonaccrual                                                |   | $                 | 46     |   |   | $ | 3⁄4 |   |   | $ | 278 |   |   | $ | 1,277 |   |   | $ | 795 |   |
| Contractually past due 90 days or more and still accruing |   |              | 3⁄4 |   |   |   | 3⁄4 |   |   |   | 41 |   |   |   | 496 |   |   |   | 3⁄4 |   |
| Renegotiated loans                                        |   |              | 3⁄4 |   |   |   | 3⁄4 |   |   |   | 3⁄4 |   |   |   | 3⁄4 |   |   |   | 3⁄4 |   |
| Real estate – mortgage:                             |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Nonaccrual                                                |   |              | 519    |   |   |   | 1,608 |   |   |   | 900 |   |   |   | 708 |   |   |   | 3⁄4 |   |
| Contractually past due 90 days or more and still accruing |   |              | 3⁄4 |   |   |   | 3⁄4 |   |   |   | 3⁄4 |   |   |   | 3⁄4 |   |   |   | 3⁄4 |   |
| Renegotiated loans                                        |   |              | 3⁄4 |   |   |   | 3⁄4 |   |   |   | 3⁄4 |   |   |   | 3⁄4 |   |   |   | 3⁄4 |   |
| Total nonperforming loans                                 |   | $                 | 565    |   |   | $ | 1,608 |   |   | $ | 1,219 |   |   | $ | 2,481 |   |   | $ | 795 |   |
| Total foreclosed assets                                   |   |              | 1,910  |   |   |   | 1,910 |   |   |   | 2,177 |   |   |   | 1,388 |   |   |   | 3⁄4 |   |
| Total nonperforming assets                                |   | $                 | 2,475  |   |   | $ | 3,518 |   |   | $ | 3,396 |   |   | $ | 3,869 |   |   | $ | 795 |   |

----

|                             |   | December 31, |    |
|----------------------------------|--------|-------------------|---------|
| (In thousands)              |   | 2010              |    |   | 2009 |   |   | 2008 |   |
| U.S. Treasury securities         |   | $                 | 3⁄4  |   |   | $ | 3⁄4 |   |   | $ | 200 |   |
| State and political subdivisions |   |              | 264,569 |   |   |   | 224,597 |   |   |   | 192,918 |   |
| Total investments                |   | $                 | 264,569 |   |   | $ | 224,597 |   |   | $ | 193,118 |   |

----

| (In thousands)              |   | Within 1Year |   |   | Over 1 to5 Years |   |   | Over 5 to10 Years |   |   | Over 10 Years |   |   | Yield  |   |
|----------------------------------|--------|-------------------|--------|--------|---------------------------------|--------|--------|----------------------------------|--------|--------|-------------------------|--------|--------|--------|--------|
| State and political subdivisions |   | $                 | 16,853 |   |                            | $      | 35,968 |                             |   | $      | 115,425                 |   |   | $      | 96,323 |   |   |   | 5.93 | % |
| Weighted average yield1          |   |              | 5.83   | %      |                            |   | 5.89   | %                                |   |   | 6.31                    | %      |   |   | 5.55   | % |   |   | 5.93 | % |

| (In thousands)       |   | December 31, 2010 |    |
|----------------------|--------|-----------------------------|---------|
| Three months or less |   | $                           | 72,411  |   |
| Three to six months  |   |                        | 32,367  |   |
| Six to twelve months |   |                        | 12,944  |   |
| Over twelve months   |   |                        | 18,447  |   |
| Total                |   | $                           | 136,169 |   |

----

----

----

|                        |   | Amount of Commitment Expiration per Period |    |
|-----------------------------|--------|---------------------------------------------------------------------|---------|
| (In thousands)         |   | Total                                                               |    |   | Less than 1Year |   |   | 1-3Years |   |   | 3-5Years |   |   | Over 5Years |   |
| Operating lease commitments |   | $                                                                   | 2,809   |   |   | $ | 675 |   |   | $ | 1,063 |   |   | $ | 644 |   |   | $ | 427 |   |
| Time deposits               |   |                                                                | 157,119 |   |   |   | 134,217 |   |   |   | 20,356 |   |   |   | 2,546 |   |   |   | — |   |
| Total                       |   | $                                                                   | 159,928 |   |   | $ | 134,892 |   |   | $ | 21,419 |   |   | $ | 3,190 |   |   | $ | 427 |   |

| Assumption                                  |   | Rate   |   |
|---------------------------------------------|--------|--------|--------|
| Weighted average discount rate              |   |   | 6.25   | % |
| Rate of increase in compensation levels     |   |   | 4.00   | % |
| Expected long-term rate of return on assets |   |   | 7.25   | % |

----

| Change in Interest Rates |   | % Change in Net Interest Income |    |   | % Change in Fair Market Valueof Equity |   |
|-----------------------------------------|--------|----------------------------------------------------------|---------|--------|----------------------------------------------------------------------|--------|
| +200 basis points                       |   |                                                     | 9       | %      |                                                                 |   | 8 | % |
| +100 basis points                       |   |                                                     | 4       | %      |                                                                 |   | 4 | % |
| Stable rates                            |   |                                                     | — |   |                                                                 |   | — |   |
| -100 basis points                       |   |                                                     | (2      | )%     |                                                                 |   | (4 | )% |
| -200 basis points                       |   |                                                     | (3      | )%     |                                                                 |   | (2 | )% |

----

| (In thousands)                                               |   | VariableRate |    |   | 0-90 Days |   |    | 91-180Days |   |   | 181-364Days |   |   | 1-5Years |    |   | Over5 Years |   |    | Total  |   |
|-------------------------------------------------------------------|--------|--------------|---------|--------|----------------|--------|---------|------------|--------|--------|-------------|--------|--------|----------|---------|--------|------------------|--------|---------|--------|--------|
| Earning assets:                                                   |   |         |    |   |           |   |    |       |   |   |        |   |   |     |    |   |             |   |    |   |   |
| Loans:                                                            |   |         |    |   |           |   |    |       |   |   |        |   |   |     |    |   |             |   |    |   |   |
|   Taxable                                                    |   | $            | 198,811 |   |           | $      | 11,232  |       |   | $      | 32,771      |   |   | $        | 33,273  |   |             | $      | 418,029 |   |   | $ | 13,505 |   |   | $ | 707,621 |   |
|   Tax-exempt                                                 |   |         | – |   |           |   | 20      |       |   |   | 3           |   |   |     | 209     |   |             |   | 782     |   |   |   | – |   |   |   | 1,014 |   |
| Debt and equity securities1:                                      |   |         |    |   |           |   |    |       |   |   |        |   |   |     |    |   |             |   |    |   |   |   |   |   |   |   |   |   |
|   Tax-exempt                                                 |   |         | – |   |           |   | 5,894   |       |   |   | 712         |   |   |     | 9,934   |   |             |   | 33,990  |   |   |   | 214,039 |   |   |   | 264,569 |   |
| Federal funds sold and other short-term investments               |   |         | 126,652 |   |           |   | – |       |   |   | –     |   |   |     | – |   |             |   | – |   |   |   | – |   |   |   | 126,652 |   |
| Total earning assets                                              |   | $            | 325,463 |   |           | $      | 17,146  |       |   | $      | 33,486      |   |   | $        | 43,416  |   |             | $      | 452,801 |   |   | $ | 223,467 |   |   | $ | 1,099,856 |   |
| Interest-sensitive liabilities:                                   |   |         |    |   |           |   |    |       |   |   |        |   |   |     |    |   |             |   |    |   |   |   |   |   |   |   |   |   |
| Money market accounts                                             |   | $            | 142,790 |   |           | $      | – |       |   | $      | –     |   |   | $        | – |   |             | $      | – |   |   | $ | – |   |   | $ | 142,790 |   |
| Now accounts                                                      |   |         | 73,137  |   |           |   | – |       |   |   | –     |   |   |     | – |   |             |   | – |   |   |   | – |   |   |   | 73,137 |   |
| Savings deposits                                                  |   |         | 32,447  |   |           |   | – |       |   |   | –     |   |   |     | – |   |             |   | – |   |   |   | – |   |   |   | 32,447 |   |
| Time deposits:                                                    |   |         |    |   |           |   |    |       |   |   |        |   |   |     |    |   |             |   |    |   |   |   |   |   |   |   |   |   |
| $100K and more                                                    |   |         | – |   |           |   | 72,410  |       |   |   | 32,367      |   |   |     | 12,944  |   |             |   | 18,448  |   |   |   | – |   |   |   | 136,169 |   |
| Less than $100K                                                   |   |         | – |   |           |   | 7,715   |       |   |   | 6,222       |   |   |     | 2,558   |   |             |   | 4,455   |   |   |   | – |   |   |   | 20,950 |   |
| Federal funds purchased and other short-term borrowing            |   |         | 9       |   |           |   |    |       |   |   | –     |   |   |     | – |   |             |   | – |   |   |   | – |   |   |   | 9 |   |
| Total interest-bearing liabilities                                |   | $            | 248,383 |   |           | $      | 80,125  |       |   | $      | 38,589      |   |   | $        | 15,502  |   |             | $      | 22,903  |   |   | $ | – |   |   | $ | 405,502 |   |
| Interest sensitivity gap:                                         |   |         |    |   |           |   |    |       |   |   |        |   |   |     |    |   |             |   |    |   |   |   |   |   |   |   |   |   |
| Periodic                                                          |   | $            | 77,080  |   |           | $      | (62,979 | )          |   | $      | (5,103      | )      |   | $        | 27,914  |   |             | $      | 429,898 |   |   | $ | 227,544 |   |   | $ | 694,354 |   |
| Cumulative                                                        |   |         | 77,080  |   |           |   | 14,101  |       |   |   | 8,998       |   |   |     | 36,912  |   |             |   | 466,810 |   |   |   | 694,354 |   |   |   | 694,354 |   |
| Ratio of interest-bearing assets to interest-bearing liabilities: |   |         |    |   |           |   |    |       |   |   |        |   |   |     |    |   |             |   |    |   |   |   |   |   |   |   |   |   |
| Periodic                                                          |   |         | 1.31    |   |           |   | 0.21    |       |   |   | 0.87        |   |   |     | 2.80    |   |             |   | 19.77   |   |   |   | 0.00 |   |   |   | 2.71 |   |
| Cumulative                                                        |   |         | 1.31    |   |           |   | 1.04    |       |   |   | 1.02        |   |   |     | 1.10    |   |             |   | 2.15    |   |   |   | 1.91 |   |   |   | 2.71 |   |

----

|                                                                                                                           |   | December 31, |      |
|--------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|-----------|
| (In thousands except share and per share data)                                                                                 |   | 2010              |      |   | 2009 |   |
| Assets                                                                                                                         |   |              |      |   |   |   |
| Cash and due from banks                                                                                                        |   | $                 | 12,277    |   |   | $ | 5,763 |   |
| Interest-bearing deposits in other financial institutions                                                                      |   |              | 67,299    |   |   |   | 33,426 |   |
| Federal funds sold and other short-term investments                                                                            |   |              | 59,353    |   |   |   | 40,105 |   |
| Cash and cash equivalents                                                                                                      |   |              | 138,929   |   |   |   | 79,294 |   |
| Securities available-for-sale, at fair value                                                                                   |   |              | 264,569   |   |   |   | 224,597 |   |
|                                                                                                                           |   |              |      |   |   |   |   |   |
| Loans                                                                                                                          |   |              | 708,633   |   |   |   | 641,957 |   |
| Less: Allowance for loan losses                                                                                                |   |              | 11,891    |   |   |   | 8,284 |   |
| Loans, net                                                                                                                     |   |              | 696,742   |   |   |   | 633,673 |   |
| Premises and equipment, net                                                                                                    |   |              | 9,617     |   |   |   | 10,451 |   |
| Investments in bank-owned life insurance                                                                                       |   |              | 14,191    |   |   |   | 13,644 |   |
| Payments in excess of funding                                                                                                  |   |              | 33,609    |   |   |   | 22,637 |   |
| Goodwill                                                                                                                       |   |              | 7,471     |   |   |   | 7,471 |   |
| Other intangible assets, net                                                                                                   |   |              | 268       |   |   |   | 375 |   |
| Other assets                                                                                                                   |   |              | 22,639    |   |   |   | 20,839 |   |
| Total assets                                                                                                                   |   | $                 | 1,188,035 |   |   | $ | 1,012,981 |   |
|                                                                                                                           |   |              |      |   |   |   |   |   |
| Liabilities and Shareholders’ Equity                                                                                     |   |              |      |   |   |   |   |   |
| Liabilities:                                                                                                                   |   |              |      |   |   |   |   |   |
| Deposits                                                                                                                       |   |              |      |   |   |   |   |   |
| Noninterest-bearing                                                                                                            |   | $                 | 113,097   |   |   | $ | 113,151 |   |
| Interest-bearing                                                                                                               |   |              | 405,493   |   |   |   | 324,725 |   |
| Total deposits                                                                                                                 |   |              | 518,590   |   |   |   | 437,876 |   |
| Accounts and drafts payable                                                                                                    |   |              | 516,107   |   |   |   | 430,251 |   |
| Short-term borrowings                                                                                                          |   |              | 9         |   |   |   | 26 |   |
| Other liabilities                                                                                                              |   |              | 11,235    |   |   |   | 15,260 |   |
| Total liabilities                                                                                                              |   |              | 1,045,941 |   |   |   | 883,413 |   |
|                                                                                                                           |   |              |      |   |   |   |   |   |
| Shareholders’ Equity:                                                                                                    |   |              |      |   |   |   |   |   |
| Preferred stock, par value $.50 per share; 2,000,000 shares authorized and no shares issued                                    |   |              | –   |   |   |   | – |   |
| Common stock, par value $.50 per share; 20,000,000 shares authorized and 9,949,324 shares issued at December 31, 2010 and 2009 |   |              | 4,975     |   |   |   | 4,975 |   |
| Additional paid-in capital                                                                                                     |   |              | 46,653    |   |   |   | 45,696 |   |
| Retained earnings                                                                                                              |   |              | 107,263   |   |   |   | 92,401 |   |
| Common shares in treasury, at cost (561,533 and 564,119 shares at December 31, 2010 and 2009, respectively)                    |   |              | (13,549   | ) |   |   | (13,323 | ) |
| Accumulated other comprehensive loss                                                                                           |   |              | (3,248    | ) |   |   | (181 | ) |
| Total shareholders’ equity                                                                                               |   |              | 142,094   |   |   |   | 129,568 |   |
| Total liabilities and shareholders’ equity                                                                               |   | $                 | 1,188,035 |   |   | $ | 1,012,981 |   |

----

|                                                            |   | For the Years Ended December 31, |    |
|-----------------------------------------------------------------|--------|-----------------------------------------------------------|---------|
| (In thousands except  per share data)                 |   | 2010                                                      |    |   | 2009 |   |   | 2008 |   |
| Fee Revenue and Other Income:                                   |   |                                                      |    |   |   |   |   |   |   |
| Information services payment and processing revenue             |   | $                                                         | 54,183  |   |   | $ | 48,665 |   |   | $ | 50,721 |   |
| Bank service fees                                               |   |                                                      | 1,410   |   |   |   | 1,324 |   |   |   | 1,330 |   |
| Gains on sales of securities                                    |   |                                                      | – |   |   |   | 697 |   |   |   | 552 |   |
| Other                                                           |   |                                                      | 553     |   |   |   | 552 |   |   |   | 567 |   |
| Total fee revenue and other income                              |   |                                                      | 56,146  |   |   |   | 51,238 |   |   |   | 53,170 |   |
|                                                            |   |                                                      |    |   |   |   |   |   |   |   |   |   |
| Interest Income:                                                |   |                                                      |    |   |   |   |   |   |   |   |   |   |
| Interest and fees on loans                                      |   |                                                      | 39,785  |   |   |   | 36,003 |   |   |   | 34,204 |   |
| Interest and dividends on securities:                           |   |                                                      |    |   |   |   |   |   |   |   |   |   |
| Taxable                                                         |   |                                                      | 43      |   |   |   | 58 |   |   |   | 78 |   |
| Exempt from federal income taxes                                |   |                                                      | 8,704   |   |   |   | 7,553 |   |   |   | 7,638 |   |
| Interest on federal funds sold and other short-term investments |   |                                                      | 514     |   |   |   | 170 |   |   |   | 2,218 |   |
| Total interest income                                           |   |                                                      | 49,046  |   |   |   | 43,784 |   |   |   | 44,138 |   |
|                                                            |   |                                                      |    |   |   |   |   |   |   |   |   |   |
| Interest Expense:                                               |   |                                                      |    |   |   |   |   |   |   |   |   |   |
| Interest on deposits                                            |   |                                                      | 4,875   |   |   |   | 4,924 |   |   |   | 3,179 |   |
| Interest on short-term borrowings                               |   |                                                      | – |   |   |   | 23 |   |   |   | 12 |   |
| Interest on subordinated convertible debentures                 |   |                                                      | – |   |   |   | 106 |   |   |   | 187 |   |
| Total interest expense                                          |   |                                                      | 4,875   |   |   |   | 5,053 |   |   |   | 3,378 |   |
| Net interest income                                             |   |                                                      | 44,171  |   |   |   | 38,731 |   |   |   | 40,760 |   |
| Provision for loan losses                                       |   |                                                      | 4,100   |   |   |   | 2,050 |   |   |   | 2,200 |   |
| Net interest income after provision for loan losses             |   |                                                      | 40,071  |   |   |   | 36,681 |   |   |   | 38,560 |   |
| Total net revenue                                               |   |                                                      | 96,217  |   |   |   | 87,919 |   |   |   | 91,730 |   |
|                                                            |   |                                                      |    |   |   |   |   |   |   |   |   |   |
| Operating Expense:                                              |   |                                                      |    |   |   |   |   |   |   |   |   |   |
| Salaries and employee benefits                                  |   |                                                      | 51,368  |   |   |   | 50,614 |   |   |   | 49,723 |   |
| Occupancy                                                       |   |                                                      | 2,485   |   |   |   | 2,396 |   |   |   | 2,228 |   |
| Equipment                                                       |   |                                                      | 3,561   |   |   |   | 3,348 |   |   |   | 3,331 |   |
| Amortization of intangible assets                               |   |                                                      | 107     |   |   |   | 222 |   |   |   | 280 |   |
| Other operating                                                 |   |                                                      | 10,763  |   |   |   | 9,805 |   |   |   | 10,002 |   |
| Total operating expense                                         |   |                                                      | 68,284  |   |   |   | 66,385 |   |   |   | 65,564 |   |
| Income before income tax expense                                |   |                                                      | 27,933  |   |   |   | 21,534 |   |   |   | 26,166 |   |
| Income tax expense                                              |   |                                                      | 7,623   |   |   |   | 5,405 |   |   |   | 7,160 |   |
| Net income                                                      |   | $                                                         | 20,310  |   |   | $ | 16,129 |   |   | $ | 19,006 |   |
|                                                            |   |                                                      |    |   |   |   |   |   |   |   |   |   |
| Basic Earnings Per Share                                        |   | $                                                         | 2.18    |   |   | $ | 1.76 |   |   | $ | 2.08 |   |
| Diluted Earnings Per Share                                      |   |                                                      | 2.15    |   |   |   | 1.73 |   |   |   | 2.03 |   |

----

|                                                                              |   | For the Years Ended December 31, |     |
|-----------------------------------------------------------------------------------|--------|----------------------------------|----------|
| (In thousands)                                                                    |   | 2010                             |     |   | 2009 |   |   | 2008 |   |
| Cash Flows From Operating Activities:                                             |   |                             |     |   |   |   |   |   |   |
| Net income                                                                        |   | $                                | 20,310   |   |   | $ | 16,129 |   |   | $ | 19,006 |   |
| Adjustments to reconcile net income to net cash provided by operating activities: |   |                             |     |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization                                                     |   |                             | 4,026    |   |   |   | 4,039 |   |   |   | 4,336 |   |
| Net gains on sales of securities                                                  |   |                             | –  |   |   |   | (697 | ) |   |   | (552 | ) |
| Stock-based compensation expense                                                  |   |                             | 1,472    |   |   |   | 1,881 |   |   |   | 1,026 |   |
| Provisions for loan losses                                                        |   |                             | 4,100    |   |   |   | 2,050 |   |   |   | 2,200 |   |
| Deferred income tax expense (benefit)                                             |   |                             | 1,268    |   |   |   | (650 | ) |   |   | 1,575 |   |
| (Decrease) increase in income tax liability                                       |   |                             | (487     | ) |   |   | (869 | ) |   |   | 1,393 |   |
| Decrease in pension liability                                                     |   |                             | (4,259   | ) |   |   | (398 | ) |   |   | (4,013 | ) |
| FDIC insurance prepayment                                                         |   |                             | –  |   |   |   | (2,124 | ) |   |   | – |   |
| Other operating activities, net                                                   |   |                             | (2,654   | ) |   |   | (282 | ) |   |   | (2,941 | ) |
| Net cash provided by operating activities                                         |   |                             | 23,776   |   |   |   | 19,079 |   |   |   | 22,030 |   |
|                                                                              |   |                             |     |   |   |   |   |   |   |   |   |   |
| Cash Flows From Investing Activities:                                             |   |                             |     |   |   |   |   |   |   |   |   |   |
| Proceeds from sales of securities available-for-sale                              |   |                             | –  |   |   |   | 21,906 |   |   |   | 20,867 |   |
| Proceeds from maturities of securities available-for-sale                         |   |                             | 4,770    |   |   |   | 5,655 |   |   |   | 11,106 |   |
| Purchase of securities available-for-sale                                         |   |                             | (49,944  | ) |   |   | (51,160 | ) |   |   | (54,460 | ) |
| Net increase in loans                                                             |   |                             | (67,169  | ) |   |   | (50,198 | ) |   |   | (95,550 | ) |
| Increase in payments in excess of funding                                         |   |                             | (10,972  | ) |   |   | (772 | ) |   |   | (10,201 | ) |
| Purchases of premises and equipment, net                                          |   |                             | (1,190   | ) |   |   | (1,077 | ) |   |   | (1,240 | ) |
| Net cash used in investing activities                                             |   |                             | (124,505 | ) |   |   | (75,646 | ) |   |   | (129,478 | ) |
|                                                                              |   |                             |     |   |   |   |   |   |   |   |   |   |
| Cash Flows From Financing Activities:                                             |   |                             |     |   |   |   |   |   |   |   |   |   |
| Net (decrease) increase in noninterest-bearing demand deposits                    |   |                             | (54      | ) |   |   | 9,851 |   |   |   | 10,110 |   |
| Net increase in interest-bearing demand and savings deposits                      |   |                             | 39,392   |   |   |   | 104,390 |   |   |   | 6,813 |   |
| Net increase (decrease) in time deposits                                          |   |                             | 41,376   |   |   |   | 46,094 |   |   |   | (12,978 | ) |
| Net increase (decrease) in accounts and drafts payable                            |   |                             | 85,856   |   |   |   | (48,774 | ) |   |   | (34,709 | ) |
| Cash dividends paid                                                               |   |                             | (5,448   | ) |   |   | (4,925 | ) |   |   | (4,499 | ) |
| Purchase of common shares of treasury                                             |   |                             | (467     | ) |   |   | – |   |   |   | (3,984 | ) |
| Other financing activities, net                                                   |   |                             | (291     | ) |   |   | (260 | ) |   |   | 110 |   |
| Net cash provided by (used in) financing activities                               |   |                             | 160,364  |   |   |   | 106,376 |   |   |   | (39,137 | ) |
| Net increase (decrease) in cash and cash equivalents                              |   |                             | 59,635   |   |   |   | 49,809 |   |   |   | (146,585 | ) |
| Cash and cash equivalents at beginning of period                                  |   |                             | 79,294   |   |   |   | 29,485 |   |   |   | 176,070 |   |
| Cash and cash equivalents at end of period                                        |   | $                                | 138,929  |   |   | $ | 79,294 |   |   | $ | 29,485 |   |
|                                                                              |   |                             |     |   |   |   |   |   |   |   |   |   |
| Supplemental information:                                                         |   |                             |     |   |   |   |   |   |   |   |   |   |
| Cash paid for interest                                                            |   | $                                | 4,893    |   |   | $ | 5,128 |   |   | $ | 3,665 |   |
| Cash paid for income taxes                                                        |   |                             | 7,934    |   |   |   | 5,677 |   |   |   | 4,949 |   |
| Transfer of loans to foreclosed assets                                            |   |                             | –  |   |   |   | – |   |   |   | 788 |   |

----

| (In thousands except per share data)                   |   | CommonStock |   |   | AdditionalPaid-inCapital |   |   | RetainedEarnings |   |   | TreasuryStock |   |   | AccumulatedOtherComprehensiveIncome (Loss) |    |   | Total  |   |   | ComprehensiveIncome (Loss) |   |
|---------------------------------------------------------------------------------|--------|-------------|--------|--------|--------------------------|--------|--------|------------------|--------|--------|---------------|--------|--------|-------------------------------------------------|---------|--------|--------|--------|--------|---------------------------------|--------|
| Balance, December 31, 2007                                                      |   | $           | 4,975  |   |                     | $      | 45,837 |             |   | $      | 66,690        |   |   | $                                               | (16,118 | )      |   | $      | (1,932 | )                               |   | $ | 99,452 |   |   |   |   |
| Net income                                                                      |   |        |   |   |                     |   |   |             |   |   | 19,006        |   |   |                                            |    |   |   |   |   |                            |   |   | 19,006 |   |   |   | 19,006 |   |
| Cash dividends ($.49 per share)                                                 |   |        |   |   |                     |   |   |             |   |   | (4,499        | )      |   |                                            |    |   |   |   |   |                            |   |   | (4,499 | ) |   |   |   |   |
| Purchase of 120,000 shares                                                      |   |        |   |   |                     |   |   |             |   |   |          |   |   |                                            | (3,984  | )      |   |   |   |                            |   |   | (3,984 | ) |   |   |   |   |
| Other comprehensive income (loss):                                              |   |        |   |   |                     |   |   |             |   |   |          |   |   |                                            |    |   |   |   |   |                            |   |   |   |   |   |   |   |   |
| Reclassification adjustments for gains included in net income, net of tax       |   |        |   |   |                     |   |   |             |   |   |          |   |   |                                            |    |   |   |   | (359   | )                               |   |   | (359 | ) |   |   | (359 | ) |
| Net unrealized gain on securities available-for-sale, net of tax                |   |        |   |   |                     |   |   |             |   |   |          |   |   |                                            |    |   |   |   | 867    |                            |   |   | 867 |   |   |   | 867 |   |
| FASB ASC 715 adjustment, net of tax                                             |   |        |   |   |                     |   |   |             |   |   |          |   |   |                                            |    |   |   |   | (5,989 | )                               |   |   | (5,989 | ) |   |   | (5,989 | ) |
| Issuance of 31,924 common shares pursuant to stock-based compensation plan      |   |        |   |   |                     |   | (705   | )                |   |   |          |   |   |                                            | 705     |   |   |   |   |                            |   |   | — |   |   |   |   |   |
| Exercise of stock options                                                       |   |        |   |   |                     |   | (282   | )                |   |   |          |   |   |                                            | 306     |   |   |   |   |                            |   |   | 24 |   |   |   |   |   |
| Stock-based compensation expense                                                |   |        |   |   |                     |   | 1,026  |             |   |   |          |   |   |                                            |    |   |   |   |   |                            |   |   | 1,026 |   |   |   |   |   |
| Subordinated debenture conversion                                               |   |        |   |   |                     |   | (130   | )                |   |   |          |   |   |                                            | 827     |   |   |   |   |                            |   |   | 697 |   |   |   |   |   |
| Balance, December 31, 2008                                                      |   | $           | 4,975  |   |                     | $      | 45,746 |             |   | $      | 81,197        |   |   | $                                               | (18,264 | )      |   | $      | (7,413 | )                               |   | $ | 106,241 |   |   |   |   |   |
| Comprehensive income for 2008                                                   |   |        |   |   |                     |   |   |             |   |   |          |   |   |                                            |    |   |   |   |   |                            |   |   |   |   |   | $ | 13,525 |   |
|                                                                            |   |        |   |   |                     |   |   |             |   |   |          |   |   |                                            |    |   |   |   |   |                            |   |   |   |   |   |   |   |   |
| Net income                                                                      |   |        |   |   |                     |   |   |             |   |   | 16,129        |   |   |                                            |    |   |   |   |   |                            |   |   | 16,129 |   |   |   | 16,129 |   |
| Cash dividends ($.53 per share)                                                 |   |        |   |   |                     |   |   |             |   |   | (4,925        | )      |   |                                            |    |   |   |   |   |                            |   |   | (4,925 | ) |   |   |   |   |
| Other comprehensive income (loss):                                              |   |        |   |   |                     |   |   |             |   |   |          |   |   |                                            |    |   |   |   |   |                            |   |   |   |   |   |   |   |   |
| Reclassification adjustments for gains included in net income, net of tax       |   |        |   |   |                     |   |   |             |   |   |          |   |   |                                            |    |   |   |   | (453   | )                               |   |   | (453 | ) |   |   | (453 | ) |
| Net unrealized gain on securities available-for-sale, net of tax                |   |        |   |   |                     |   |   |             |   |   |          |   |   |                                            |    |   |   |   | 6,145  |                            |   |   | 6,145 |   |   |   | 6,145 |   |
| FASB ASC 715 adjustment, net of tax                                             |   |        |   |   |                     |   |   |             |   |   |          |   |   |                                            |    |   |   |   | 1,540  |                            |   |   | 1,540 |   |   |   | 1,540 |   |
| Issuance of 38,636 common shares pursuant to stock-based compensation plan      |   |        |   |   |                     |   | (910   | )                |   |   |          |   |   |                                            | 910     |   |   |   |   |                            |   |   | — |   |   |   |   |   |
| Exercise of stock options                                                       |   |        |   |   |                     |   | (388   | )                |   |   |          |   |   |                                            | 408     |   |   |   |   |                            |   |   | 20 |   |   |   |   |   |
| Stock-based compensation expense                                                |   |        |   |   |                     |   | 1,881  |             |   |   |          |   |   |                                            |    |   |   |   |   |                            |   |   | 1,881 |   |   |   |   |   |
| Subordinated debenture conversion                                               |   |        |   |   |                     |   | (633   | )                |   |   |          |   |   |                                            | 3,623   |   |   |   |   |                            |   |   | 2,990 |   |   |   |   |   |
| Balance, December 31, 2009                                                      |   | $           | 4,975  |   |                     | $      | 45,696 |             |   | $      | 92,401        |   |   | $                                               | (13,323 | )      |   | $      | (181   | )                               |   | $ | 129,568 |   |   |   |   |   |
| Comprehensive income for 2009                                                   |   |        |   |   |                     |   |   |             |   |   |          |   |   |                                            |    |   |   |   |   |                            |   |   |   |   |   | $ | 23,361 |   |
|                                                                            |   |        |   |   |                     |   |   |             |   |   |          |   |   |                                            |    |   |   |   |   |                            |   |   |   |   |   |   |   |   |
| Net income                                                                      |   |        |   |   |                     |   |   |             |   |   | 20,310        |   |   |                                            |    |   |   |   |   |                            |   |   | 20,310 |   |   |   | 20,310 |   |
| Cash dividends ($.58 per share)                                                 |   |        |   |   |                     |   |   |             |   |   | (5,448        | )      |   |                                            |    |   |   |   |   |                            |   |   | (5,448 | ) |   |   |   |   |
| Purchase of 12,000 shares                                                       |   |        |   |   |                     |   |   |             |   |   |          |   |   |                                            | (467    | )      |   |   |   |                            |   |   | (467 | ) |   |   |   |   |
| Other comprehensive income (loss):                                              |   |        |   |   |                     |   |   |             |   |   |          |   |   |                                            |    |   |   |   |   |                            |   |   |   |   |   |   |   |   |
| Net unrealized gain on securities available-for-sale, net of tax                |   |        |   |   |                     |   |   |             |   |   |          |   |   |                                            |    |   |   |   | (2,149 | )                               |   |   | (2,149 | ) |   |   | (2,149 | ) |
| FASB ASC 715 adjustment, net of tax                                             |   |        |   |   |                     |   |   |             |   |   |          |   |   |                                            |    |   |   |   | (918   | )                               |   |   | (918 | ) |   |   | (918 | ) |
| Issuance of 15,149 common shares pursuant to stock-based compensation plan, net |   |        |   |   |                     |   | (349   | )                |   |   |          |   |   |                                            | 108     |   |   |   |   |                            |   |   | (241 | ) |   |   |   |   |
| Exercise of stock options and SARs                                              |   |        |   |   |                     |   | (166   | )                |   |   |          |   |   |                                            | 133     |   |   |   |   |                            |   |   | (33 | ) |   |   |   |   |
| Stock-based compensation expense                                                |   |        |   |   |                     |   | 1,472  |             |   |   |          |   |   |                                            |    |   |   |   |   |                            |   |   | 1,472 |   |   |   |   |   |
| Balance, December 31, 2010                                                      |   | $           | 4,975  |   |                     | $      | 46,653 |             |   | $      | 107,263       |   |   | $                                               | (13,549 | )      |   | $      | (3,248 | )                               |   | $ | 142,094 |   |   |   |   |   |
|        Comprehensive income for 2010         |   |        |   |   |                     |   |   |             |   |   |          |   |   |                                            |    |   |   |   |   |                            |   |   |   |   |   | $  | 17,243  |   |

----

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|                                     |   | Actual |    |   | Capital requirements |   |   | Requirement to bewell capitalized |   |
|------------------------------------------|--------|--------|---------|--------|---------------------------|--------|--------|--------------------------------------------------|--------|
| (In thousands)                      |   | Amount |    |   | Ratio                     |   |   | Amount                                           |   |   | Ratio |   |   | Amount |   |   | Ratio |   |
| At December 31, 2010                     |   |   |    |   |                      |   |   |                                             |   |   |   |   |   |   |   |   |   |   |
| Total capital (to risk-weighted assets)  |   |   |    |   |                      |   |   |                                             |   |   |   |   |   |   |   |   |   |   |
| Cass Information Systems, Inc.           |   | $      | 148,659 |   |                      |   | 16.82  | %                                                |   | $ | 70,695 |   |   |   | 8.00 | % |   | $ | N/A |   |   |   | N/A | % |
| Cass Commercial Bank                     |   |   | 58,838  |   |                      |   | 10.72  |                                             |   |   | 43,916 |   |   |   | 8.00 |   |   |   | 54,895 |   |   |   | 10.00 |   |
| Tier I capital (to risk-weighted assets) |   |   |    |   |                      |   |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cass Information Systems, Inc.           |   |   | 137,603 |   |                      |   | 15.57  |                                             |   |   | 35,348 |   |   |   | 4.00 |   |   |   | N/A |   |   |   | N/A |   |
| Cass Commercial Bank                     |   |   | 51,955  |   |                      |   | 9.46   |                                             |   |   | 21,958 |   |   |   | 4.00 |   |   |   | 32,937 |   |   |   | 6.00 |   |
| Tier I capital (to average assets)       |   |   |    |   |                      |   |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cass Information Systems, Inc.           |   |   | 137,603 |   |                      |   | 11.18  |                                             |   |   | 36,923 |   |   |   | 3.00 |   |   |   | N/A |   |   |   | N/A |   |
| Cass Commercial Bank                     |   |   | 51,955  |   |                      |   | 8.92   |                                             |   |   | 17,472 |   |   |   | 3.00 |   |   |   | 29,121 |   |   |   | 5.00 |   |
| At December 31, 2009                     |   |   |    |   |                      |   |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total capital (to risk-weighted assets)  |   |   |    |   |                      |   |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cass Information Systems, Inc.           |   | $      | 130,187 |   |                      |   | 16.69  | %                                                |   | $ | 62,414 |   |   |   | 8.00 | % |   | $ | N/A |   |   |   | N/A | % |
| Cass Commercial Bank                     |   |   | 50,853  |   |                      |   | 10.34  |                                             |   |   | 39,361 |   |   |   | 8.00 |   |   |   | 49,202 |   |   |   | 10.00 |   |
| Tier I capital (to risk-weighted assets) |   |   |    |   |                      |   |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cass Information Systems, Inc.           |   |   | 121,903 |   |                      |   | 15.63  |                                             |   |   | 31,207 |   |   |   | 4.00 |   |   |   | N/A |   |   |   | N/A |   |
| Cass Commercial Bank                     |   |   | 44,864  |   |                      |   | 9.12   |                                             |   |   | 19,681 |   |   |   | 4.00 |   |   |   | 29,521 |   |   |   | 6.00 |   |
| Tier I capital (to average assets)       |   |   |    |   |                      |   |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cass Information Systems, Inc.           |   |   | 121,903 |   |                      |   | 11.28  |                                             |   |   | 32,414 |   |   |   | 3.00 |   |   |   | N/A |   |   |   | N/A |   |
| Cass Commercial Bank                     |   |   | 44,864  |   |                      |   | 8.75   |                                             |   |   | 15,374 |   |   |   | 3.00 |   |   |   | 25,623 |   |   |   | 5.00 |   |

|                             |   | December 31, 2010 |    |
|----------------------------------|--------|-----------------------------|---------|
| (In thousands)              |   | AmortizedCost               |    |   | GrossUnrealizedGains |   |   | GrossUnrealizedLosses |   |   | Fair Value |   |
| State and political subdivisions |   | $                           | 255,929 |   |   | $ | 9,829 |   |   | $ | 1,189 |   |   | $ | 264,569 |   |
| Total                            |   | $                           | 255,929 |   |   | $ | 9,829 |   |   | $ | 1,189 |   |   | $ | 264,569 |   |

|                             |   | December 31, 2009 |    |
|----------------------------------|--------|-----------------------------|---------|
| (In thousands)              |   | AmortizedCost               |    |   | GrossUnrealizedGains |   |   | GrossUnrealizedLosses |   |   | Fair Value |   |
| State and political subdivisions |   | $                           | 212,651 |   |   | $ | 11,970 |   |   | $ | 24 |   |   | $ | 224,597 |   |
| Total                            |   | $                           | 212,651 |   |   | $ | 11,970 |   |   | $ | 24 |   |   | $ | 224,597 |   |

----

|                             |   | December 31, 2010        |   |
|----------------------------------|--------|------------------------------------|--------|
|                             |   | Less than 12 months |   |   | 12 months or more |   |   | Total |   |
|                             |   | Estimated                          |   |   | Unrealized |   |   | Estimated |   |   | Unrealized |   |   | Estimated |   |   | Unrealized |   |
| (In thousands)              |   | fair value                    |   |   | losses |   |   | fair value |   |   | losses |   |   | Fair value |   |   | losses |   |
| State and political subdivisions |   | $                                  | 53,741 |   |   | $ | 1,189 |   |   | $ | ― |   |   | $ | ― |   |   | $ | 53,741 |   |   | $ | 1,189 |   |
| Total                            |   | $                                  | 53,741 |   |   | $ | 1,189 |   |   | $ | ― |   |   | $ | ― |   |   | $ | 53,741 |   |   | $ | 1,189 |   |

|                             |   | December 31, 2009        |   |
|----------------------------------|--------|------------------------------------|--------|
|                             |   | Less than 12 months |   |   | 12 months or more |   |   | Total |   |
|                             |   | Estimated                          |   |   | Unrealized |   |   | Estimated |   |   | Unrealized |   |   | Estimated |   |   | Unrealized |   |
| (In thousands)              |   | fair value                    |   |   | losses |   |   | fair value |   |   | losses |   |   | Fair value |   |   | losses |   |
| State and political subdivisions |   | $                                  | 1,415  |   |   | $ | 24 |   |   | $ | ― |   |   | $ | ― |   |   | $ | 1,415 |   |   | $ | 24 |   |
| Total                            |   | $                                  | 1,415  |   |   | $ | 24 |   |   | $ | ― |   |   | $ | ― |   |   | $ | 1,415 |   |   | $ | 24 |   |

|                               |   | December 31, 2010 |    |
|------------------------------------|--------|-----------------------------|---------|
| (In thousands)                |   | Amortized Cost         |    |   | Fair Value |   |
| Due in 1 year or less              |   | $                           | 16,539  |   |   | $ | 16,853 |   |
| Due after 1 year through 5 years   |   |                        | 33,990  |   |   |   | 35,968 |   |
| Due after 5 years through 10 years |   |                        | 108,405 |   |   |   | 115,425 |   |
| Due after 10 years                 |   |                        | 96,995  |   |   |   | 96,323 |   |
| No stated maturity                 |   |                        | 3⁄4  |   |   |   | 3⁄4 |   |
| Total                              |   | $                           | 255,929 |   |   | $ | 264,569 |   |

|                                      |   | December 31, |    |
|-------------------------------------------|--------|-------------------|---------|
| (In thousands)                            |   | 2010              |    |   | 2009 |   |
| Commercial and industrial                 |   | $                 | 135,061 |   |   | $ | 93,371 |   |
| Real estate:                              |   |              |    |   |   |   |   |   |
| Mortgage – Commercial               |   |              | 151,201 |   |   |   | 154,797 |   |
| Mortgage – Church & related     |   |              | 365,378 |   |   |   | 314,300 |   |
| Construction – Commercial           |   |              | 18,434  |   |   |   | 17,581 |   |
| Construction – Church & related |   |              | 36,318  |   |   |   | 56,826 |   |
| Industrial revenue bonds                  |   |              | 1,014   |   |   |   | 2,676 |   |
| Other                                     |   |              | 1,227   |   |   |   | 2,406 |   |
| Total loans                               |   | $                 | 708,633 |   |   | $ | 641,957 |   |

----

| (In thousands)                 |   | 2010   |   |
|--------------------------------|--------|--------|--------|
| Aggregate balance, January 1   |   | $      | 582    |   |
| New loans                      |   |   | 3⁄4 |   |
| Payments                       |   |   | (2     | ) |
| Aggregate balance, December 31 |   | $      | 580    |   |

|                                       |   | December 31, |   |
|--------------------------------------------|--------|--------------|--------|
| (In thousands)                             |   |         | 2010   |   |   |   | 2009 |   |   |   | 2008 |   |
| Balance, January 1                         |   | $            | 8,284  |   |   | $ | 6,451 |   |   | $ | 6,280 |   |
| Provision charged to expense               |   |         | 4,100  |   |   |   | 2,050 |   |   |   | 2,200 |   |
| Loans charged off                          |   |         | (554   | ) |   |   | (400 | ) |   |   | (2,173 | ) |
| Recoveries of loans previously charged off |   |         | 61     |   |   |   | 183 |   |   |   | 144 |   |
| Net loan charge-offs                       |   |         | (493   | ) |   |   | (217 | ) |   |   | (2,029 | ) |
| Balance, December 31                       |   | $            | 11,891 |   |   | $ | 8,284 |   |   | $ | 6,451 |   |

| (In thousands)                     |   | RecordedInvestment |   |   | UnpaidPrincipalBalance |   |   | RelatedAllowance forLoan Losses |   |
|-----------------------------------------|--------|--------------------|--------|--------|------------------------|--------|--------|-------------------------------------------|--------|
| Commercial and industrial, IRB’s: |   |               |   |   |                   |   |   |                                      |   |
| Nonaccrual                              |   | $                  | 46     |   |                   | $      | 46     |                                      |   | $ | 5 |   |
| Real estate – mortgage:           |   |               |   |   |                   |   |   |                                      |   |   |   |   |
| Nonaccrual                              |   |               | 519    |   |                   |   | 519    |                                      |   |   | 115 |   |
| Total impaired loans                    |   | $                  | 565    |   |                   | $      | 565    |                                      |   | $ | 120 |   |

----

| (In thousands)                       |   | 30-59Days |    |   | 60-89Days |   |    | 90 DaysandOver |   |   | TotalPastDue |   |   | Current |    |   | TotalLoans |   |
|-------------------------------------------|--------|-----------|---------|--------|-----------|--------|---------|---------------------|--------|--------|--------------|--------|--------|---------|---------|--------|------------|--------|
| Commercial and industrial                 |   | $         | 105     |   |      | $      | — |                |   | $      | —      |   |   | $       | 105     |   |       | $      | 134,956 |   |   | $ | 135,061 |   |
| Real estate:                              |   |      |    |   |      |   | — |                |   |   |         |   |   |    |    |   |       |   |   |   |   |   |   |   |
| Mortgage – Commercial               |   |      | 145     |   |      |   | — |                |   |   | 490          |   |   |    | 635     |   |       |   | 150,566 |   |   |   | 151,201 |   |
| Mortgage – Church & related     |   |      | 1,954   |   |      |   | — |                |   |   | —      |   |   |    | 1,954   |   |       |   | 363,424 |   |   |   | 365,378 |   |
| Construction – Commercial           |   |      | — |   |      |   | — |                |   |   | —      |   |   |    | — |   |       |   | 18,434 |   |   |   | 18,434 |   |
| Construction – Church & related |   |      | — |   |      |   | — |                |   |   | —      |   |   |    | — |   |       |   | 36,318 |   |   |   | 36,318 |   |
| Industrial revenue bonds                  |   |      | — |   |      |   | — |                |   |   | —      |   |   |    | — |   |       |   | 1,014 |   |   |   | 1,014 |   |
| Other                                     |   |      | — |   |      |   | — |                |   |   | —      |   |   |    | — |   |       |   | 1,227 |   |   |   | 1,227 |   |
| Total                                     |   | $         | 2,204   |   |      | $      | — |                |   | $      | 490          |   |   | $       | 2,694   |   |       | $      | 705,939 |   |   | $ | 708,633 |   |

| (In thousands)                   |   | CommercialandIndustrial |    |   | RealEstateMortgage |   |    | Real EstateConstruction |   |   | Other  |   |   | Total  |   |
|---------------------------------------|--------|-------------------------|---------|--------|--------------------|--------|---------|------------------------------|--------|--------|--------|--------|--------|--------|--------|
| Loans subject to normal monitoring1   |   | $                       | 130,148 |   |               | $      | 495,573 |                         |   | $      | 54,752 |   |   | $      | 2,241  |   |   | $ | 682,714 |   |
| Loans subject to special monitoring2: |   |                    |    |   |               |   |    |                         |   |   |   |   |   |   |   |   |   |   |   |   |
| Performing                            |   |                    | 4,867   |   |               |   | 20,487  |                         |   |   | 3⁄4 |   |   |   | 3⁄4 |   |   |   | 25,354 |   |
| Nonperforming                         |   |                    | 46      |   |               |   | 519     |                         |   |   | 3⁄4 |   |   |   | 3⁄4 |   |   |   | 565 |   |
| Total                                 |   | $                       | 135,061 |   |               | $      | 516,579 |                         |   | $      | 54,752 |   |   | $      | 2,241  |   |   | $ | 708,633 |   |

|   | 1 | Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk, who have the apparent ability to satisfy their loan obligation. |
|--------|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2 | Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention. |
|--------|---|-----------------------------------------------------------------------------------------------------------------------------------------------|

|                                           |   | December 31, |   |
|------------------------------------------------|--------|-------------------|--------|
| (In thousands)                                 |   | 2010              |   |   | 2009 |   |
| Land                                           |   | $                 | 873    |   |   | $ | 873 |   |
| Buildings                                      |   |              | 10,491 |   |   |   | 10,491 |   |
| Leasehold improvements                         |   |              | 1,794  |   |   |   | 1,823 |   |
| Furniture, fixtures and equipment              |   |              | 11,247 |   |   |   | 10,890 |   |
| Purchased software                             |   |              | 5,390  |   |   |   | 4,948 |   |
| Internally developed software                  |   |              | 3,283  |   |   |   | 3,433 |   |
|                                           |   | $                 | 33,078 |   |   | $ | 32,458 |   |
| Less accumulated depreciation and amortization |   |              | 23,461 |   |   |   | 22,007 |   |
| Total                                          |   | $                 | 9,617  |   |   | $ | 10,451 |   |

| (In thousands) |   | Amount |   |
|----------------|--------|--------|--------|
| 2011           |   | $      | 675    |   |
| 2012           |   |   | 553    |   |
| 2013           |   |   | 510    |   |
| 2014           |   |   | 381    |   |
| 2015           |   |   | 263    |   |
| 2016 and after |   |   | 427    |   |
| Total          |   | $      | 2,809  |   |

----

|                              |   | December 31, 2010 |   |   | December 31, 2009 |   |
|-----------------------------------|--------|-----------------------------|--------|--------|-----------------------------|--------|
| (In thousands)               |   | Gross CarryingAmount   |   |   | AccumulatedAmortization     |   |   | Gross CarryingAmount |   |   | AccumulatedAmortization |   |
| Assets eligible for amortization: |   |                        |   |   |                        |   |   |   |   |   |   |   |
| Customer List                     |   | $                           | 750    |   |                        | $      | (482 | ) |   | $ | 750 |   |   | $ | (375 | ) |
| Total                             |   |                        | 750    |   |                        |   | (482 | ) |   |   | 750 |   |   |   | (375 | ) |
| Unamortized intangible assets:    |   |                        |   |   |                        |   |   |   |   |   |   |   |   |   |   |   |
| Goodwill                          |   |                        | 7,698  |   |                        |   | (227 | ) |   |   | 7,698 |   |   |   | (227 | ) 1 |
| Total unamortized intangibles     |   |                        | 7,698  |   |                        |   | (227 | ) |   |   | 7,698 |   |   |   | (227 | ) |
| Total intangible assets           |   | $                           | 8,448  |   |                        | $      | (709 | ) |   | $ | 8,448 |   |   | $ | (602 | ) |

|   | 1 | Amortization through December 31, 2001 prior to adoption of FASB ASC 350. |
|--------|---|---------------------------------------------------------------------------|

|                                  |   | December 31, |    |
|---------------------------------------|--------|-------------------|---------|
| (In thousands)                   |   | 2010              |    |   | 2009 |   |
| NOW and money market deposit accounts |   | $                 | 215,927 |   |   | $ | 178,644 |   |
| Savings deposits                      |   |              | 32,447  |   |   |   | 30,339 |   |
| Time deposits:                        |   |              |    |   |   |   |   |   |
| Less than $100                        |   |              | 20,950  |   |   |   | 27,980 |   |
| $100 or more                          |   |              | 136,169 |   |   |   | 87,762 |   |
| Total                                 |   | $                 | 405,493 |   |   | $ | 324,725 |   |

|                                  |   | December 31, |   |
|---------------------------------------|--------|-------------------|--------|
| (In thousands)                   |   | 2010              |   |   | 2009 |   |   | 2008 |   |
| NOW and money market deposit accounts |   | $                 | 2,082  |   |   | $ | 1,797 |   |   | $ | 1,086 |   |
| Savings deposits                      |   |              | 321    |   |   |   | 335 |   |   |   | 290 |   |
| Time deposits:                        |   |              |   |   |   |   |   |   |   |   |   |   |
| Less than $100                        |   |              | 1,658  |   |   |   | 1,729 |   |   |   | 701 |   |
| $100 or more                          |   |              | 814    |   |   |   | 1,063 |   |   |   | 1,102 |   |
| Total                                 |   | $                 | 4,875  |   |   | $ | 4,924 |   |   | $ | 3,179 |   |

|           |   | December 31, |    |
|----------------|--------|--------------|---------|
|           |   | 2010         |    | 2009 |   |
| (In thousands) |   | Amount       |    |   | Percentof Total |   | Amount |   |   | Percentof Total |   |
| Due within:    |   |         |    |   |   |   |   |   |   |   |   |   |
| One year       |   | $            | 134,217 |   |   |   | 85.4 | % |   | $ | 103,021 |   |   |   | 89.0 | % |
| Two years      |   |         | 19,442  |   |   |   | 12.4 | % |   |   | 9,362 |   |   |   | 8.1 | % |
| Three years    |   |         | 914     |   |   |   | 0.6 | % |   |   | 2,524 |   |   |   | 2.2 | % |
| Four years     |   |         | 447     |   |   |   | 0.3 | % |   |   | 615 |   |   |   | 0.5 | % |
| Five years     |   |         | 2,099   |   |   |   | 1.3 | % |   |   | 220 |   |   |   | 0.2 | % |
| Total          |   | $            | 157,119 |   |   |   | 100.0 | % |   | $ | 115,742 |   |   |   | 100.0 | % |

----

|                                       |   | 2010   |      |
|--------------------------------------------|--------|--------|-----------|
| Shares outstanding at January 1            |   |   | 9,385,205 |   |
| Issuance of common stock:                  |   |   |      |   |
| Issued under stock-based compensation plan |   |   | 6,889     |   |
| Stock options/SARs exercised               |   |   | 7,697     |   |
| Stock repurchased                          |   |   | (12,000   | ) |
| Shares outstanding at December 31          |   |   | 9,387,791 |   |

|                                                         |   | December 31, |      |
|--------------------------------------------------------------|--------|--------------|-----------|
| (In thousands except share and per share data                |   | 2010         |      |   | 2009 |   |   | 2008 |   |
| Basic                                                        |   |         |      |   |   |   |   |   |   |
| Net income                                                   |   | $            | 20,310    |   |   | $ | 16,129 |   |   | $ | 19,006 |   |
| Weighted-average common shares outstanding                   |   |         | 9,335,283 |   |   |   | 9,156,673 |   |   |   | 9,150,342 |   |
| Basic earnings per share                                     |   | $            | 2.18      |   |   | $ | 1.76 |   |   | $ | 2.08 |   |
| Diluted                                                      |   |         |      |   |   |   |   |   |   |   |   |   |
| Basic net income                                             |   | $            | 20,310    |   |   | $ | 16,129 |   |   | $ | 19,006 |   |
| Net income effect of 5.33% convertible debentures            |   |         | 3⁄4    |   |   |   | 55 |   |   |   | 96 |   |
| Diluted net income                                           |   | $            | 20,310    |   |   | $ | 16,184 |   |   | $ | 19,102 |   |
| Weighted-average common shares outstanding                   |   |         | 9,335,283 |   |   |   | 9,156,673 |   |   |   | 9,150,342 |   |
| Effect of dilutive restricted stock, stock options and SARs  |   |         | 112,292   |   |   |   | 124,420 |   |   |   | 106,851 |   |
| Effect of convertible debentures                             |   |         | 3⁄4    |   |   |   | 92,976 |   |   |   | 174,557 |   |
| Weighted-average common shares outstanding assuming dilution |   |         | 9,447,575 |   |   |   | 9,374,069 |   |   |   | 9,431,750 |   |
| Diluted earnings per share                                   |   | $            | 2.15      |   |   | $ | 1.73 |   |   | $ | 2.03 |   |

----

|                              |   | December 31, |   |
|-----------------------------------|--------|-------------------|--------|
| (In thousands)                    |   | 2010              |   |   | 2009 |   |
| Projected benefit obligation:     |   |              |   |   |   |   |
| Balance, January 1                |   | $                 | 36,588 |   |   | $ | 32,823 |   |
| Service cost                      |   |              | 1,771  |   |   |   | 1,606 |   |
| Interest cost                     |   |              | 2,290  |   |   |   | 2,080 |   |
| Actuarial loss                    |   |              | 3,853  |   |   |   | 1,099 |   |
| Benefits paid                     |   |              | (1,165 | ) |   |   | (1,020 | ) |
| Balance, December 31              |   | $                 | 43,337 |   |   | $ | 36,588 |   |
| Plan assets:                      |   |              |   |   |   |   |   |   |
| Fair value, January 1             |   | $                 | 33,362 |   |   | $ | 25,596 |   |
| Actual return                     |   |              | 3,880  |   |   |   | 5,586 |   |
| Employer contribution             |   |              | 9,350  |   |   |   | 3,200 |   |
| Benefits paid                     |   |              | (1,165 | ) |   |   | (1,020 | ) |
| Fair value, December 31           |   | $                 | 45,427 |   |   | $ | 33,362 |   |
| Funded status:                    |   |              |   |   |   |   |   |   |
| Accrued pension asset (liability) |   | $                 | 2,090  |   |   | $ | (3,226 | ) |

|                                    |   | 2010   |   |   | 2009   |   |   | 2008 |   |
|-----------------------------------------|--------|--------|--------|--------|--------|--------|--------|------|--------|
| Weighted average discount rate          |   |   | 5.75   | %      |   |   | 6.25   | %    |   |   | 6.50 | % |
| Rate of increase in compensation levels |   |   | 4.00   | %      |   |   | 4.00   | %    |   |   | 4.00 | % |

|      |   | Amount |       |
|-----------|--------|--------|------------|
| 2011      |   | $      | 1,224,000  |   |
| 2012      |   |   | 1,318,000  |   |
| 2013      |   |   | 1,370,000  |   |
| 2014      |   |   | 1,538,000  |   |
| 2015      |   |   | 1,678,000  |   |
| 2016-2020 |   |   | 12,083,090 |   |

|                                                 |   | For the Year Ended |   |
|------------------------------------------------------|--------|-----------------------------------|--------|
|                                                 |   | December 31,                 |   |
| (In thousands)                                       |   | 2010                              |   | 2009 |   | 2008 |   |
| Service cost – benefits earned during the year |   | $                                 | 1,771  |   | $ | 1,606 |   | $ | 1,523 |   |
| Interest cost on projected benefit obligations       |   |                              | 2,290  |   |   | 2,080 |   |   | 1,947 |   |
| Expected return on plan assets                       |   |                              | (2,440 | ) |   | (1,880 | ) |   | (2,108 | ) |
| Net amortization and deferral                        |   |                              | 616    |   |   | 873 |   |   | 66 |   |
| Net periodic pension cost                            |   | $                                 | 2,237  |   | $ | 2,679 |   | $ | 1,428 |   |

----

|                                        |   | 2010   |   |   | 2009   |   |   | 2008 |   |
|---------------------------------------------|--------|--------|--------|--------|--------|--------|--------|------|--------|
| Weighted average discount rate              |   |   | 6.25   | %      |   |   | 6.50   | %    |   |   | 6.50 | % |
| Rate of increase in compensation levels     |   |   | 4.00   | %      |   |   | 4.00   | %    |   |   | 4.25 | % |
| Expected long-term rate of return on assets |   |   | 7.25   | %      |   |   | 7.25   | %    |   |   | 7.25 | % |

| Asset Class |   | Expected Long-Term Return on Class |         |   |  X |   |   Allocation     = |   |   | Assumption |   |
|------------------|--------|--------------------------------------------------------|--------------|--------|---------|--------|---------------------------------------------|--------|--------|------------|--------|
| Fixed Income     |   |                                                   | 4 – 6  | %      |    |   |                                        |   | 50     | %          |   |   | 2.0 – 3.0 | % |
| US Equity        |   |                                                   | 6 – 9  | %      |    |   |                                        |   | 34     | %          |   |   | 2.0 – 3.1 | % |
| Non-US Equity    |   |                                                   | 6 – 10 | %      |    |   |                                        |   | 16     | %          |   |   | 1.0 – 1.6 | % |
|             |   |                                                   |         |   |    |   |                                        |   |   |       |   |   | 5.0 – 7.7 | % |

|                       |   | Fair Value Measurements as of December 31 |   |
|----------------------------|--------|-------------------------------------------------------------------------|--------|
|                       |   | 2010                                                                    |   |   | 2009 |   |
| (In thousands)        |   | Total                                                                   |   |   | Quoted Pricesin ActiveMarkets forIdenticalAssets(Level 1) |   |   | SignificantObservableInputs(Level 2) |   |   | Total |   |   | Quoted Pricesin ActiveMarkets forIdenticalAssets(Level 1) |   |   | SignificantObservableInputs(Level 2) |   |
| Cash                       |   | $                                                                       | 203    |   |   | $ | 203 |   |   | $ | ― |   |   | $ | 184 |   |   | $ | 184 |   |   | $ | ― |   |
| Equity securities          |   |                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| U. S. Large Cap Growth     |   |                                                                    | 3,844  |   |   |   | ― |   |   |   | 3,844 |   |   |   | 2,902 |   |   |   | ― |   |   |   | 2,902 |   |
| U. S. Large Cap Value      |   |                                                                    | 3,853  |   |   |   | ― |   |   |   | 3,853 |   |   |   | 2,884 |   |   |   | ― |   |   |   | 2,884 |   |
| U. S. Small/Mid Cap Growth |   |                                                                    | 1,594  |   |   |   | ― |   |   |   | 1,594 |   |   |   | 1,161 |   |   |   | ― |   |   |   | 1,161 |   |
| U. S. Small/Mid Cap Value  |   |                                                                    | 1,597  |   |   |   | ― |   |   |   | 1,597 |   |   |   | 1,171 |   |   |   | ― |   |   |   | 1,171 |   |
| Non-U. S. Core             |   |                                                                    | 7,236  |   |   |   | ― |   |   |   | 7,236 |   |   |   | 5,325 |   |   |   | ― |   |   |   | 5,325 |   |
| U. S. Large Cap Passive    |   |                                                                    | 4,542  |   |   |   | ― |   |   |   | 4,542 |   |   |   | 3,245 |   |   |   | ― |   |   |   | 3,245 |   |
| Fixed Income               |   |                                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| U. S. Core Opportunistic   |   |                                                                    | 16,227 |   |   |   | ― |   |   |   | 16,227 |   |   |   | 11,880 |   |   |   | ― |   |   |   | 11,880 |   |
| U. S. Passive              |   |                                                                    | 6,331  |   |   |   | ― |   |   |   | 6,331 |   |   |   | 4,610 |   |   |   | ― |   |   |   | 4,610 |   |
| Total                      |   | $                                                                       | 45,427 |   |   | $ | 203 |   |   | $ | 45,224 |   |   | $ | 33,362 |   |   | $ | 184 |   |   | $ | 33,178 |   |

|                  |   | December 31, |   |
|-----------------------|--------|-------------------|--------|
| (In thousands)        |   | 2010              |   |   | 2009 |   |
| Benefit obligation:   |   |              |   |   |   |   |
| Balance, January 1    |   | $                 | 5,369  |   |   | $ | 4,210 |   |
| Service cost          |   |              | 78     |   |   |   | 33 |   |
| Interest cost         |   |              | 315    |   |   |   | 278 |   |
| Benefits paid         |   |              | (235   | ) |   |   | (317 | ) |
| Actuarial (gain) loss |   |              | (48    | ) |   |   | 1,165 |   |
| Balance, December 31  |   | $                 | 5,479  |   |   | $ | 5,369 |   |

----

|                                    |   | 2010   |   |   | 2009   |   |   | 2008 |   |
|-----------------------------------------|--------|--------|--------|--------|--------|--------|--------|------|--------|
| Weighted average discount rate          |   |   | 5.50   | %      |   |   | 6.00   | %    |   |   | 7.00 | % |
| Rate of increase in compensation levels |   |   | 4.00   | %      |   |   | 4.00   | %    |   |   | 4.00 | % |

|      |   | Amount |      |
|-----------|--------|--------|-----------|
| 2011      |   | $      | 236,000   |   |
| 2012      |   |   | 235,000   |   |
| 2013      |   |   | 234,000   |   |
| 2014      |   |   | 233,000   |   |
| 2015      |   |   | 232,000   |   |
| 2016-2020 |   |   | 1,396,000 |   |

|                                                 |   | December 31, |   |
|------------------------------------------------------|--------|-------------------|--------|
| (In thousands)                                       |   | 2010              |   |   | 2009 |   |   | 2008 |   |
| Service cost – benefits earned during the year |   | $                 | 78     |   |   | $ | 33 |   |   | $ | 59 |   |
| Interest cost on projected benefit obligations       |   |              | 315    |   |   |   | 278 |   |   |   | 267 |   |
| Net amortization and deferral                        |   |              | 258    |   |   |   | 130 |   |   |   | 170 |   |
| Net periodic pension cost                            |   | $                 | 651    |   |   | $ | 441 |   |   | $ | 496 |   |

|               |   | The Plan |   |   | SERP   |   |
|--------------------|--------|---------------|--------|--------|--------|--------|
| (In thousands)     |   | 2010          |   |   | 2009   |   |   | 2010 |   |   | 2009 |   |
| Prior service cost |   | $             | 33     |   |   | $      | 41 |   |   | $ | 50 |   |   | $ | 101 |   |
| Net actuarial loss |   |          | 11,985 |   |   |   | 10,180 |   |   |   | 2,194 |   |   |   | 2,449 |   |
| Total              |   | $             | 12,018 |   |   | $      | 10,221 |   |   | $ | 2,244 |   |   | $ | 2,550 |   |

----

|                         |   | Shares |    |   | Fair Value |   |
|------------------------------|--------|--------|---------|--------|-----------------|--------|
| Balance at December 31, 2009 |   |   | 75,965  |   |            | $      | 28.97 |   |
| Granted                      |   |   | 15,149  |   |            |   | 30.91 |   |
| Vested                       |   |   | (40,843 | )      |            |   | 30.25 |   |
| Balance at December 31, 2010 |   |   | 50,271  |   |            | $      | 28.51 |   |

|                             |   | Shares |   |   | Weighted Average Exercise Price |   |
|----------------------------------|--------|--------|--------|--------|------------------------------------------------|--------|
| Balance at December 31, 2009     |   |   | 44,120 |   |                                           | $      | 17.65 |   |
| Exercised                        |   |   | (7,492 | )      |                                           | $      | 14.14 |   |
| Balance at December 31, 2010     |   |   | 36,628 |   |                                           | $      | 18.36 |   |
| Exercisable at December 31, 2010 |   |   | 24,188 |   |                                           | $      | 17.64 |   |

|                            |   | Shares |    |   | Weighted Average Grant Date Fair Value |   |
|---------------------------------|--------|--------|---------|--------|-----------------------------------------------------------------|--------|
| Non-vested at December 31, 2009 |   |   | 27,586  |   |                                                            | $      | 2.81 |   |
| Vested                          |   |   | (15,146 | )      |                                                            | $      | 2.70 |   |
| Non-vested at December 31, 2010 |   |   | 12,440  |   |                                                            | $      | 2.94 |   |

|                    |   | Year Ended December 31, 2010 |   |
|-------------------------|--------|--------------------------------------------------|--------|
| Risk-free interest rate |   |                                             | 3.33   | % |
| Expected life           |   | 7 yrs.                                           |   |
| Expected volatility     |   |                                             | 30.00  | % |
| Expected dividend yield |   |                                             | 1.86   | % |

----

|                             |   | Shares |    |   | Weighted Average Exercise Price |   |
|----------------------------------|--------|--------|---------|--------|------------------------------------------------|--------|
| Balance at December 31, 2009     |   |   | 231,262 |   |                                           | $      | 27.02 |   |
| Granted                          |   |   | 23,311  |   |                                           | $      | 30.16 |   |
| Exercised                        |   |   | (12,818 | )      |                                           | $      | 38.48 |   |
| Balance at December 31, 2010     |   |   | 241,755 |   |                                           | $      | 27.34 |   |
| Exercisable at December 31, 2010 |   |   | 100,554 |   |                                           | $      | 27.58 |   |

|                          |   | For the Years Ended December 31, |   |
|-------------------------------|--------|-----------------------------------------------------------|--------|
| (In thousands)                |   | 2010                                                      |   |   | 2009 |   |   | 2008 |   |
| Postage and supplies          |   | $                                                         | 2,031  |   |   | $ | 2,171 |   |   | $ | 2,579 |   |
| Promotional expense           |   |                                                      | 1,588  |   |   |   | 1,508 |   |   |   | 1,587 |   |
| Professional fees             |   |                                                      | 1,892  |   |   |   | 1,388 |   |   |   | 1,481 |   |
| Outside service fees          |   |                                                      | 2,282  |   |   |   | 1,956 |   |   |   | 1,520 |   |
| Data processing services      |   |                                                      | 356    |   |   |   | 339 |   |   |   | 352 |   |
| Telecommunications            |   |                                                      | 627    |   |   |   | 550 |   |   |   | 592 |   |
| Other                         |   |                                                      | 1,987  |   |   |   | 1,893 |   |   |   | 1,891 |   |
| Total other operating expense |   | $                                                         | 10,763 |   |   | $ | 9,805 |   |   | $ | 10,002 |   |

|                     |   | For the Years Ended December 31, |   |
|--------------------------|--------|-----------------------------------------------------------|--------|
| (In thousands)           |   | 2010                                                      |   |   | 2009 |   |   | 2008 |   |
| Current:                 |   |                                                      |   |   |   |   |   |   |   |
| Federal                  |   | $                                                         | 5,435  |   |   | $ | 5,458 |   |   | $ | 4,408 |   |
| State                    |   |                                                      | 920    |   |   |   | 597 |   |   |   | 1,177 |   |
| Deferred:                |   |                                                      |   |   |   |   |   |   |   |   |   |   |
| Federal                  |   |                                                      | 1,178  |   |   |   | (602 | ) |   |   | 1,446 |   |
| State                    |   |                                                      | 90     |   |   |   | (48 | ) |   |   | 129 |   |
| Total income tax expense |   | $                                                         | 7,623  |   |   | $ | 5,405 |   |   | $ | 7,160 |   |

|                                   |   | For the Years Ended December 31, |   |
|----------------------------------------|--------|-----------------------------------------------------------|--------|
| (In thousands)                         |   | 2010                                                      |   |   | 2009 |   |   | 2008 |   |
| Expected income tax expense            |   | $                                                         | 9,777  |   |   | $ | 7,322 |   |   | $ | 9,158 |   |
| (Reductions) increases resulting from: |   |                                                      |   |   |   |   |   |   |   |   |   |   |
| Tax-exempt income                      |   |                                                      | (3,273 | ) |   |   | (2,798 | ) |   |   | (2,924 | ) |
| State taxes, net of federal benefit    |   |                                                      | 657    |   |   |   | 694 |   |   |   | 849 |   |
| Other, net                             |   |                                                      | 462    |   |   |   | 187 |   |   |   | 77 |   |
| Total income tax expense               |   | $                                                         | 7,623  |   |   | $ | 5,405 |   |   | $ | 7,160 |   |

----

|                                                           |   | December 31, |   |
|----------------------------------------------------------------|--------|--------------|--------|
| (In thousands)                                                 |   | 2010         |   |   | 2009 |   |
| Deferred tax assets:                                           |   |         |   |   |   |   |
| Allowance for loan losses                                      |   | $            | 4,541  |   |   | $ | 3,160 |   |
| ASC 715 pension funding liability                              |   |         | 5,452  |   |   |   | 4,824 |   |
| Net operating  loss carryforward1                    |   |         | 421    |   |   |   | 463 |   |
| Deferred revenue                                               |   |         | 20     |   |   |   | 27 |   |
| Stock compensation                                             |   |         | 731    |   |   |   | 691 |   |
| Supplemental executive retirement plan accrual                 |   |         | 474    |   |   |   | 319 |   |
| Other                                                          |   |         | 28     |   |   |   | 76 |   |
| Total deferred tax assets                                      |   | $       | 11,667 |   |   | $  | 9,560 |   |
| Deferred tax liabilities:                                      |   |         |   |   |   |   |   |   |
| Premises and equipment                                         |   |         | (352   | ) |   |   | (290 | ) |
| Pension                                                        |   |         | (4,499 | ) |   |   | (1,856 | ) |
| Intangible/assets                                              |   |         | (652   | ) |   |   | (567 | ) |
| Unrealized gain on investment in securities available-for-sale |   |         | (3,024 | ) |   |   | (4,181 | ) |
| Other                                                          |   |         | (182   | ) |   |   | (225 | ) |
| Total deferred tax liabilities                                 |   | $       | (8,709 | ) |   | $  | (7,119 | ) |
| Net deferred tax assets                                        |   | $       | 2,958  |   |   | $  | 2,441 |   |

| (In thousands)                                                                                          |   | 2010   |   |   | 2009   |   |
|---------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
| Balance at January 1                                                                                    |   | $      | 1,750  |   |   | $      | 1,399 |   |
| Changes in unrecognized tax benefits as a result of tax positions taken during a prior year             |   |   | 560    |   |   |   | 119 |   |
| Changes in unrecognized tax benefits as a result of tax position taken during the current year          |   |   | 555    |   |   |   | 387 |   |
| Decreases in unrecognized tax benefits relating to settlements with taxing authorities                  |   |   | (466   | )      |   |   | ― |   |
| Reductions to unrecognized tax benefits as a result of a lapse of the applicable statute of limitations |   |   | (522   | )      |   |   | (155 | ) |
| Balance at December 31                                                                                  |   | $      | 1,877  |   |   | $      | 1,750 |   |

----

|                                     |   | December 31, |   |
|------------------------------------------|--------|--------------|--------|
| (In thousands)                           |   | 2010         |   |   | 2009 |   |
| Conditional commitments to extend credit |   | $            | 33,031 |   |   | $ | 25,149 |   |
| Standby letters of credit                |   |         | 23,587 |   |   |   | 15,115 |   |
| Commercial letters of credit             |   |         | 3,821  |   |   |   | 1,764 |   |

----

|                          |   | December 31,   |      |
|-------------------------------|--------|----------------|-----------|
|                          |   | 2010           |      |   | 2009 |   |
| (In thousands)                |   | CarryingAmount |      |   | Fair Value |   |   | CarryingAmount |   |   | Fair Value |   |
| Balance sheet assets:         |   |           |      |   |   |   |   |   |   |   |   |   |
| Cash and cash equivalents     |   | $              | 138,929   |   |   | $ | 138,929 |   |   | $ | 79,294 |   |   | $ | 79,294 |   |
| Investment in debt securities |   |           | 264,569   |   |   |   | 264,569 |   |   |   | 224,597 |   |   |   | 224,597 |   |
| Loans, net                    |   |           | 696,742   |   |   |   | 710,294 |   |   |   | 633,673 |   |   |   | 634,598 |   |
| Accrued interest receivable   |   |           | 5,857     |   |   |   | 5,857 |   |   |   | 5,294 |   |   |   | 5,294 |   |
| Total                         |   | $              | 1,106,097 |   |   | $ | 1,119,649 |   |   | $ | 942,858 |   |   | $ | 943,783 |   |
|                          |   |           |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance sheet liabilities:    |   |           |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Deposits                      |   | $              | 518,590   |   |   | $ | 518,590 |   |   | $ | 437,876 |   |   | $ | 437,876 |   |
| Accounts and drafts payable   |   |           | 516,107   |   |   |   | 516,107 |   |   |   | 430,251 |   |   |   | 430,251 |   |
| Short-term borrowings         |   |           | 9         |   |   |   | 9 |   |   |   | 26 |   |   |   | 26 |   |
| Accrued interest payable      |   |           | 208       |   |   |   | 208 |   |   |   | 227 |   |   |   | 227 |   |
| Total                         |   | $              | 1,034,914 |   |   | $ | 1,034,914 |   |   | $ | 868,380 |   |   | $ | 868,380 |   |

----

| (In thousands)                                            |   | InformationServices |    |   | BankingServices |   |    | Corporate,Eliminationsand Other |   |   | Total   |   |
|----------------------------------------------------------------|--------|---------------------|---------|--------|-----------------|--------|---------|--------------------------------------|--------|--------|---------|--------|
| 2010                                                           |   |                |    |   |            |   |    |                                 |   |   |    |   |
| Fee revenue and other income:                                  |   |                |    |   |            |   |    |                                 |   |   |    |   |
| Income from customers                                          |   | $                   | 54,732  |   |            | $      | 1,414   |                                 |   | $      | ― |   |   | $ | 56,146 |   |
| Intersegment income (expense)                                  |   |                | 8,939   |   |            |   | 1,656   |                                 |   |   | (10,595 | )      |   |   | ― |   |
| Net interest income (expense) after provision for loan losses: |   |                |    |   |            |   |    |                                 |   |   |    |   |   |   |   |   |
| Income from customers                                          |   |                | 19,381  |   |            |   | 20,690  |                                 |   |   | ― |   |   |   | 40,071 |   |
| Intersegment income (expense)                                  |   |                | 23      |   |            |   | (23     | )                                    |   |   | ― |   |   |   | ― |   |
| Depreciation and amortization                                  |   |                | 1,875   |   |            |   | 242     |                                 |   |   | 14      |   |   |   | 2,131 |   |
| Income taxes                                                   |   |                | 2,955   |   |            |   | 4,668   |                                 |   |   | ― |   |   |   | 7,623 |   |
| Net income                                                     |   |                | 13,220  |   |            |   | 7,090   |                                 |   |   | ― |   |   |   | 20,310 |   |
| Goodwill                                                       |   |                | 7,335   |   |            |   | 136     |                                 |   |   | ― |   |   |   | 7,471 |   |
| Other intangible assets, net                                   |   |                | 268     |   |            |   | ― |                                 |   |   | ― |   |   |   | 268 |   |
| Total assets                                                   |   | $                   | 612,981 |   |            | $      | 580,948 |                                 |   | $      | (5,894  | )      |   | $ | 1,188,035 |   |
| 2009                                                           |   |                |    |   |            |   |    |                                 |   |   |    |   |   |   |   |   |
| Fee revenue and other income:                                  |   |                |    |   |            |   |    |                                 |   |   |    |   |   |   |   |   |
| Income from customers                                          |   | $                   | 49,913  |   |            | $      | 1,325   |                                 |   | $      | ― |   |   | $ | 51,238 |   |
| Intersegment income (expense)                                  |   |                | 6,964   |   |            |   | 1,632   |                                 |   |   | (8,596  | )      |   |   | ― |   |
| Net interest income (expense) after provision for loan losses: |   |                |    |   |            |   |    |                                 |   |   |    |   |   |   |   |   |
| Income from customers                                          |   |                | 19,220  |   |            |   | 17,461  |                                 |   |   | ― |   |   |   | 36,681 |   |
| Intersegment income (expense)                                  |   |                | 94      |   |            |   | (94     | )                                    |   |   | ― |   |   |   | ― |   |
| Depreciation and amortization                                  |   |                | 2,147   |   |            |   | 305     |                                 |   |   | 13      |   |   |   | 2,465 |   |
| Income taxes                                                   |   |                | 2,158   |   |            |   | 3,247   |                                 |   |   | ― |   |   |   | 5,405 |   |
| Net income                                                     |   |                | 11,047  |   |            |   | 5,082   |                                 |   |   | ― |   |   |   | 16,129 |   |
| Goodwill                                                       |   |                | 7,335   |   |            |   | 136     |                                 |   |   | ― |   |   |   | 7,471 |   |
| Other intangible assets, net                                   |   |                | 375     |   |            |   | ― |                                 |   |   | ― |   |   |   | 375 |   |
| Total assets                                                   |   | $                   | 527,897 |   |            | $      | 496,286 |                                 |   | $      | (11,202 | )      |   | $ | 1,012,981 |   |
| 2008                                                           |   |                |    |   |            |   |    |                                 |   |   |    |   |   |   |   |   |
| Fee revenue and other income:                                  |   |                |    |   |            |   |    |                                 |   |   |    |   |   |   |   |   |
| Income from customers                                          |   | $                   | 51,837  |   |            | $      | 1,333   |                                 |   | $      | ― |   |   | $ | 53,170 |   |
| Intersegment income (expense)                                  |   |                | 4,976   |   |            |   | 1,829   |                                 |   |   | (6,805  | )      |   |   | ― |   |
| Net interest income (expense) after provision for loan losses: |   |                |    |   |            |   |    |                                 |   |   |    |   |   |   |   |   |
| Income from customers                                          |   |                | 24,732  |   |            |   | 13,828  |                                 |   |   | ― |   |   |   | 38,560 |   |
| Intersegment income (expense)                                  |   |                | 904     |   |            |   | (904    | )                                    |   |   | ― |   |   |   | ― |   |
| Depreciation and amortization                                  |   |                | 2,256   |   |            |   | 407     |                                 |   |   | 10      |   |   |   | 2,673 |   |
| Income taxes                                                   |   |                | 5,126   |   |            |   | 2,034   |                                 |   |   | ― |   |   |   | 7,160 |   |
| Net income                                                     |   |                | 15,858  |   |            |   | 3,148   |                                 |   |   | ― |   |   |   | 19,006 |   |
| Goodwill                                                       |   |                | 7,335   |   |            |   | 136     |                                 |   |   | ― |   |   |   | 7,471 |   |
| Other intangible assets, net                                   |   |                | 597     |   |            |   | ― |                                 |   |   | ― |   |   |   | 597 |   |
| Total assets                                                   |   | $                   | 564,687 |   |            | $      | 382,982 |                                 |   | $      | (62,441 | )      |   | $ | 885,228 |   |

----

|                                             |   | Condensed Balance SheetsDecember 31, |    |
|--------------------------------------------------|--------|--------------------------------------|---------|
| (In thousands)                                   |   | 2010                                 |    | 2009 |   |
| Assets                                           |   |                                 |    |   |   |   |
| Cash and due from banks                          |   | $                                    | 17,842  |   |   | $ | 14,843 |   |
| Short-term investments                           |   |                                 | 61,775  |   |   |   | 46,059 |   |
| Securities available-for-sale, at fair value     |   |                                 | 264,569 |   |   |   | 224,597 |   |
| Loans, net                                       |   |                                 | 193,622 |   |   |   | 177,811 |   |
| Investments in subsidiary                        |   |                                 | 52,091  |   |   |   | 45,000 |   |
| Premises and equipment, net                      |   |                                 | 9,093   |   |   |   | 9,709 |   |
| Other assets                                     |   |                                 | 66,080  |   |   |   | 54,879 |   |
| Total assets                                     |   | $                                    | 665,072 |   |   | $ | 572,898 |   |
| Liabilities and Shareholders’ Equity       |   |                                 |    |   |   |   |   |   |
| Liabilities:                                     |   |                                 |    |   |   |   |   |   |
| Accounts and drafts payable                      |   |                                 | 516,107 |   |   |   | 430,251 |   |
| Other liabilities                                |   |                                 | 6,871   |   |   |   | 13,079 |   |
| Total liabilities                                |   |                                 | 522,978 |   |   |   | 443,330 |   |
| Total shareholders’ equity                 |   |                                 | 142,094 |   |   |   | 129,568 |   |
| Total liabilities and shareholders’ equity |   | $                                    | 665,072 |   |   | $ | 572,898 |   |

|                                                                      |   | Condensed Statement of IncomeFor the Years Ended December 31, |    |
|---------------------------------------------------------------------------|--------|---------------------------------------------------------------|---------|
| (In thousands)                                                            |   | 2010                                                          |    |   | 2009 |   |   | 2008 |   |
| Income from subsidiary:                                                   |   |                                                          |    |   |   |   |   |   |   |
| Dividends                                                                 |   | $                                                             | ― |   |   | $ | ― |   |   | $ | 1,192 |   |
| Interest                                                                  |   |                                                          | 24      |   |   |   | 115 |   |   |   | 939 |   |
| Management fees                                                           |   |                                                          | 1,849   |   |   |   | 1,882 |   |   |   | 1,828 |   |
| Income from subsidiary                                                    |   |                                                          | 1,873   |   |   |   | 1,997 |   |   |   | 3,959 |   |
| Information services revenue                                              |   |                                                          | 54,183  |   |   |   | 48,665 |   |   |   | 50,721 |   |
| Net interest income after provision                                       |   |                                                          | 18,373  |   |   |   | 18,157 |   |   |   | 23,389 |   |
| Gain on sales of investment securities                                    |   |                                                          | ― |   |   |   | 697 |   |   |   | 552 |   |
| Other income                                                              |   |                                                          | 549     |   |   |   | 551 |   |   |   | 564 |   |
| Total income                                                              |   |                                                          | 74,978  |   |   |   | 70,067 |   |   |   | 79,185 |   |
| Expenses:                                                                 |   |                                                          |    |   |   |   |   |   |   |   |   |   |
| Salaries and employee benefits                                            |   |                                                          | 45,598  |   |   |   | 45,172 |   |   |   | 44,768 |   |
| Other expenses                                                            |   |                                                          | 13,205  |   |   |   | 11,690 |   |   |   | 12,240 |   |
| Total expenses                                                            |   |                                                          | 58,803  |   |   |   | 56,862 |   |   |   | 57,008 |   |
| Income before income tax and equity in undistributed income of subsidiary |   |                                                          | 16,175  |   |   |   | 13,205 |   |   |   | 22,177 |   |
|                                                                      |   |                                                          |    |   |   |   |   |   |   |   |   |   |
| Income tax expense                                                        |   |                                                          | 2,955   |   |   |   | 2,158 |   |   |   | 5,126 |   |
| Income before undistributed income of subsidiary                          |   |                                                          | 13,220  |   |   |   | 11,047 |   |   |   | 17,051 |   |
|                                                                      |   |                                                          |    |   |   |   |   |   |   |   |   |   |
| Equity in undistributed income of subsidiary                              |   |                                                          | 7,090   |   |   |   | 5,082 |   |   |   | 1,955 |   |
|                                                                      |   |                                                          |    |   |   |   |   |   |   |   |   |   |
| Net income                                                                |   | $                                                             | 20,310  |   |   | $ | 16,129 |   |   | $ | 19,006 |   |

----

|                                                     |   | Condensed Statements of Cash FlowsFor the Years Ended December 31, |    |
|----------------------------------------------------------|--------|--------------------------------------------------------------------|---------|
| (In thousands)                                           |   | 2010                                                               |    |   | 2009 |   |   | 2008 |   |
| Cash flows from operating activities:                    |   |                                                               |    |   |   |   |   |   |   |
| Net income                                               |   | $                                                                  | 20,310  |   |   | $ | 16,129 |   |   | $ | 19,006 |   |
| Adjustments to reconcile net income to net cash provided |   |                                                               |    |   |   |   |   |   |   |   |   |   |
| by operating activities:                                 |   |                                                               |    |   |   |   |   |   |   |   |   |   |
| Equity in undistributed income of subsidiary             |   |                                                               | (7,090  | ) |   |   | (5,082 | ) |   |   | (1,955 | ) |
| Net change in other assets                               |   |                                                               | (4,463  | ) |   |   | 187 |   |   |   | (11,118 | ) |
| Net change in other liabilities                          |   |                                                               | (4,930  | ) |   |   | (962 | ) |   |   | (2,378 | ) |
| Amortization of stock-based awards                       |   |                                                               | 1,472   |   |   |   | 1,193 |   |   |   | 933 |   |
| Other, net                                               |   |                                                               | ― |   |   |   | (325 | ) |   |   | 2,316 |   |
| Net cash provided by operating activities                |   |                                                               | 5,299   |   |   |   | 11,140 |   |   |   | 6,804 |   |
| Cash flows from investing activities:                    |   |                                                               |    |   |   |   |   |   |   |   |   |   |
| Net increase in securities                               |   |                                                               | (45,173 | ) |   |   | (22,226 | ) |   |   | (22,605 | ) |
| Net (increase) decrease in loans                         |   |                                                               | (19,911 | ) |   |   | 53,364 |   |   |   | 14,723 |   |
| Purchases of premises and equipment, net                 |   |                                                               | (1,166  | ) |   |   | (901 | ) |   |   | (1,178 | ) |
| Net cash (used in) provided by investing activities      |   |                                                               | (66,250 | ) |   |   | 30,237 |   |   |   | (9,060 | ) |
| Cash flows from financing activities:                    |   |                                                               |    |   |   |   |   |   |   |   |   |   |
| Net increase (decrease) in accounts and drafts payable   |   |                                                               | 85,856  |   |   |   | (48,774 | ) |   |   | (34,709 | ) |
| Cash dividends paid                                      |   |                                                               | (5,448  | ) |   |   | (4,925 | ) |   |   | (4,499 | ) |
| Purchase of common shares for treasury                   |   |                                                               | (467    | )  |   |   | – |   |   |   | (3,984 | )  |
| Other financing activities                               |   |                                                               | (275    | ) |   |   | 603 |   |   |   | 288 |   |
| Net cash provided by (used in) financing activities      |   |                                                               | 79,666  |   |   |   | (53,096 | ) |   |   | (42,904 | ) |
| Net increase (decrease) in cash and cash equivalents     |   |                                                               | 18,715  |   |   |   | (11,719 | ) |   |   | (45,160 | ) |
| Cash and cash equivalents at beginning of year           |   |                                                               | 60,902  |   |   |   | 72,621 |   |   |   | 117,781 |   |
| Cash and cash equivalents at end of year                 |   | $                                                                  | 79,617  |   |   | $ | 60,902 |   |   | $ | 72,621 |   |

|  (In thousands except per share data) |   | FirstQuarter |   |   | SecondQuarter |   |   | ThirdQuarter |   |   | FourthQuarter |   |   | YTD    |   |
|---------------------------------------------------------------------|--------|--------------|--------|--------|---------------|--------|--------|--------------|--------|--------|---------------|--------|--------|--------|--------|
| 2010                                                                |   |         |   |   |          |   |   |         |   |   |          |   |   |   |   |
| Fee revenue and other income                                        |   | $            | 13,225 |   |          | $      | 13,968 |         |   | $      | 14,401        |   |   | $      | 14,552 |   |   | $ | 56,146 |   |
| Interest income                                                     |   |         | 11,628 |   |          |   | 12,131 |         |   |   | 12,489        |   |   |   | 12,798 |   |   |   | 49,046 |   |
| Interest expense                                                    |   |         | 1,176  |   |          |   | 1,199  |         |   |   | 1,249         |   |   |   | 1,251  |   |   |   | 4,875 |   |
| Net interest income                                                 |   |         | 10,452 |   |          |   | 10,932 |         |   |   | 11,240        |   |   |   | 11,547 |   |   |   | 44,171 |   |
| Provision for loan losses                                           |   |         | 900    |   |          |   | 1,150  |         |   |   | 950           |   |   |   | 1,100  |   |   |   | 4,100 |   |
| Operating expense                                                   |   |         | 16,197 |   |          |   | 16,850 |         |   |   | 17,098        |   |   |   | 18,139 |   |   |   | 68,284 |   |
| Income tax expense                                                  |   |         | 1,831  |   |          |   | 2,000  |         |   |   | 2,013         |   |   |   | 1,779  |   |   |   | 7,623 |   |
| Net income                                                          |   | $            | 4,749  |   |          | $      | 4,900  |         |   | $      | 5,580         |   |   | $      | 5,081  |   |   | $ | 20,310 |   |
| Net income per share:                                               |   |         |   |   |          |   |   |         |   |   |          |   |   |   |   |   |   |   |   |   |
| Basic earnings per share                                            |   | $            | .51    |   |          | $      | .52    |         |   | $      | .60           |   |   | $      | .55    |   |   | $ | 2.18 |   |
| Diluted earnings per share                                          |   |         | .50    |   |          |   | .52    |         |   |   | .59           |   |   |   | .54    |   |   |   | 2.15 |   |
| 2009                                                                |   |         |   |   |          |   |   |         |   |   |          |   |   |   |   |   |   |   |   |   |
| Fee revenue and other income                                        |   | $            | 12,602 |   |          | $      | 12,598 |         |   | $      | 12,734        |   |   | $      | 13,304 |   |   | $ | 51,238 |   |
| Interest income                                                     |   |         | 10,493 |   |          |   | 10,724 |         |   |   | 11,040        |   |   |   | 11,527 |   |   |   | 43,784 |   |
| Interest expense                                                    |   |         | 991    |   |          |   | 1,280  |         |   |   | 1,399         |   |   |   | 1,383  |   |   |   | 5,053 |   |
| Net interest income                                                 |   |         | 9,502  |   |          |   | 9,444  |         |   |   | 9,641         |   |   |   | 10,144 |   |   |   | 38,731 |   |
| Provision for loan losses                                           |   |         | 400    |   |          |   | 300    |         |   |   | 400           |   |   |   | 950    |   |   |   | 2,050 |   |
| Operating expense                                                   |   |         | 16,290 |   |          |   | 16,797 |         |   |   | 16,366        |   |   |   | 16,932 |   |   |   | 66,385 |   |
| Income tax expense                                                  |   |         | 1,491  |   |          |   | 1,284  |         |   |   | 1,291         |   |   |   | 1,339  |   |   |   | 5,405 |   |
| Net income                                                          |   | $            | 3,923  |   |          | $      | 3,661  |         |   | $      | 4,318         |   |   | $      | 4,227  |   |   | $ | 16,129 |   |
| Net income per share:                                               |   |         |   |   |          |   |   |         |   |   |          |   |   |   |   |   |   |   |   |   |
| Basic earnings per share                                            |   | $            | .43    |   |          | $      | .40    |         |   | $      | .47           |   |   | $      | .46    |   |   | $ | 1.76 |   |
| Diluted earnings per share                                          |   |         | .42    |   |          |   | .39    |         |   |   | .46           |   |   |   | .46    |   |   |   | 1.73 |   |

----

----

| ITEM 9. | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE |
|---------|--------------------------------------------------------------------------------------|

| ITEM 9A. | CONTROLS AND PROCEDURES |
|----------|-------------------------|

----

----

| ITEM 9B. | OTHER INFORMATION |
|----------|-------------------|

| ITEM 10. | DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE |
|----------|--------------------------------------------------------|

| ITEM 11. | EXECUTIVE COMPENSATION |
|----------|------------------------|

| ITEM 12. | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS |
|----------|------------------------------------------------------------------------------------------------|

| Plan Category                                         |   | Number of securities tobe issued upon exerciseof outstanding options,warrants and rights(a) |    |   | Weighted-averageexercise price ofoutstandingoptions, warrantsand rights(b) |   |    | Number of securitiesremaining available forfuture issuance underequity compensationplans (excludingsecurities reflected incolumn (a))(c) |   |
|------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------|---------|--------|------------------------------------------------------------------------------------------------|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                       |   |                                                                                                                                          |    |   |                                                                                           |   |    |                                                                                                                                                                                            |   |
| Equity compensation plans                                  |   |                                                                                                                                          | 36,628  | (1)    |                                                                                           | $      | 18.36   |                                                                                                                                                                                            |   |   | — | (1) |
| approved by security holders                               |   |                                                                                                                                          | 292,026 | (2)    |                                                                                           |   | 27.58   |                                                                                                                                                                                            |   |   | 538,952 | (2) |
|                                                       |   |                                                                                                                                          |    |   |                                                                                           |   |    |                                                                                                                                                                                            |   |   |   |   |
| Equity compensation plans not approved by security holders |   |                                                                                                                                          | – |   |                                                                                           |   | – |                                                                                                                                                                                            |   |   | – |   |
| Total                                                      |   |                                                                                                                                          | 328,654 |   |                                                                                           | $      | 25.18   |                                                                                                                                                                                            |   |   | 538,952 |   |

| (1) | Amount disclosed relates to the Company’s 1995 Performance-Based Stock Option Plan and 1995 Restricted Stock Bonus Plan.  There will be no more shares or options granted under these plans. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Amount disclosed relates to the 2007 Omnibus Incentive Stock Plan. |
|-----|--------------------------------------------------------------------|

----

| ITEM 13. | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE |
|----------|---------------------------------------------------------------------------|

| ITEM 14. | PRINCIPAL ACCOUNTANT FEES AND SERVICES |
|----------|----------------------------------------|

| ITEM 15. | EXHIBITS AND FINANCIAL STATEMENT SCHEDULES |
|----------|--------------------------------------------|

|   | (a)    | The following documents are incorporated by reference in or filed as an exhibit to this Report: |
|--------|--------|-------------------------------------------------------------------------------------------------|
|   |   |                                                                                            |   |
|   |   | (1) and (2)                                                                                     | Financial Statements and Financial Statement Schedules |
|   |   |                                                                                            | Included in Item 8 of this report. |
|   |   |                                                                                            |   |
|   |   | (3)                                                                                             | Exhibits listed under (b) of this Item 15. |
|   |   |                                                                                            |   |
|   | (b)    | Exhibits                                                                                        |
|   |   |                                                                                            |   |
|   |   |       3.1                                                         | Restated Articles of Incorporation of Registrant, incorporated by reference to Exhibit 4.1 to Form S-8 Registration Statement No. 333-44499, filed with the SEC on January 20, 1998. |
|   |   |                                                                                            |   |
|   |   |       3.2                                                         | Articles of Merger of Cass Commercial Corporation, incorporated by reference to Exhibit 3.1 to the quarterly report on Form 10-Q for the quarter ended September 30, 2006 (File No. 333 – 44497). |
|   |   |                                                                                            |   |
|   |   |       3.3                                                         | Second Amended and Restated Bylaws of Registrant, incorporated by reference to Exhibit 3.1 to the current report on Form 8-K, filed with the SEC on April 18, 2007 (File No. 333 – 44497). |
|   |   |                                                                                            |   |
|   |   |     10.1                                                                    | 1995 Restricted Stock Bonus Plan, as amended to January 19, 1999, including form of Restriction Agreement, incorporated by reference to Exhibit 4.3 to Post-Effective Amendment No. 2 to Form S-8 Registration Statement No. 33-91456, filed with the SEC on February 16, 1999.* |
|   |   |                                                                                            |   |
|   |   |     10.2                                                                    | 1995 Performance-Based Stock Option Plan, as amended to January 19, 1999, including forms of Option Agreements, incorporated by reference to Exhibit 4.3 to Post-Effective Amendment No. 2 to Form S-8 Registration Statement No. 33-91568, filed with the SEC on February 16, 1999.* |
|   |   |                                                                                            |   |
|   |   |     10.3                                                                    | Form of Directors’ Indemnification Agreement, incorporated by reference to Exhibit 10.1 to the quarterly report on Form 10-Q for the quarter ended March 31, 2003 (File No. 333 – 44497).* |
|   |   |                                                                                            |   |
|   |   |     10.4                                                                    | Amended and Restated 2007 Omnibus Incentive Stock Plan, incorporated by reference to Exhibit 10.1 to the quarterly report on Form 10-Q for the quarter ended September 30, 2007 (File No. 333-44497).* |
|   |   |                                                                                            |   |
|   |   |     10.5                                                                    | Amendment and Restatement of the Supplemental Executive Retirement Plan, incorporated by reference to Exhibit 10.2 to the quarterly report on Form 10-Q for the quarter ended September 30, 2007 (File No. 333 – 44497).* |

----

|   | 10.6   |   | Form of Restricted Stock Agreement Award Agreement, incorporated by reference to Exhibit 10.3 to the quarterly report on Form 10-Q for the quarter ended September 30, 2007 (File No. 333 – 44497).*           |
|--------|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |   |                                                                                                                                                                                                                 |
|   | 10.7   |   | Form of Stock Appreciation Rights Award Agreement, incorporated by reference to Exhibit 10.4 to the quarterly report on Form 10-Q for the quarter ended September  30, 2007 (File No. 333 – 44497).* |
|   |   |   |                                                                                                                                                                                                                 |
|   | 21     |   | Subsidiaries of registrant.                                                                                                                                                                                          |
|   |   |   |                                                                                                                                                                                                                 |
|   | 23     |   | Consent of Independent Registered Public Accounting Firm.                                                                                                                                                            |
|   |   |   |                                                                                                                                                                                                                 |
|   | 31.1   |   | Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                             |
|   |   |   |                                                                                                                                                                                                                 |
|   | 31.2   |   | Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                             |
|   |   |   |                                                                                                                                                                                                                 |
|   | 32 .1  |   | Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                              |
|   |   |   |                                                                                                                                                                                                                 |
|   | 32 .2  |   | Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                              |

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|                            |   | CASS INFORMATION SYSTEMS, INC.               |   |
|---------------------------------|--------|----------------------------------------------|--------|
|                            |   |                                         |   |
| Date:  March 10, 2011 | By     | /s/ Eric H. Brunngraber                      |   |
|                            |   | Eric H. Brunngraber                          |   |
|                            |   | President and Chief Executive Officer        |   |
|                            |   | (Principal Executive Officer)                |   |
|                            |   |                                         |   |
| Date:  March 10, 2011 | By     | /s/ P. Stephen Appelbaum                     |   |
|                            |   | P. Stephen Appelbaum                         |   |
|                            |   | Chief Financial Officer                      |   |
|                            |   | (Principal Financial and Accounting Officer) |   |

| Date:  March 10, 2011 | By     |   | /s/    | K. Dane Brooksher       |   |
|---------------------------------|--------|--------|--------|-------------------------|--------|
|                            |   |   |   | K. Dane Brooksher       |   |
|                            |   |   |   |                    |   |
| Date:  March 10, 2011 | By     |   | /s/    | Eric H. Brunngraber     |   |
|                            |   |   |   | Eric H. Brunngraber     |   |
|                            |   |   |   |                    |   |
| Date:  March 10, 2011 | By     |   | /s/    | Bryan S. Chapell        |   |
|                            |   |   |   | Bryan S. Chapell        |   |
|                            |   |   |   |                    |   |
| Date:  March 10, 2011 | By     |   | /s/    | Lawrence A. Collett     |   |
|                            |   |   |   | Lawrence A. Collett     |   |
|                            |   |   |   |                    |   |
| Date:  March 10, 2011 | By     |   | /s/    | Robert A. Ebel          |   |
|                            |   |   |   | Robert A. Ebel          |   |
|                            |   |   |   |                    |   |
| Date:  March 10, 2011 | By     |   | /s/    | Benjamin F. Edwards, IV |   |
|                            |   |   |   | Benjamin F. Edwards, IV |   |
|                            |   |   |   |                    |   |
| Date:  March 10, 2011 | By     |   | /s/    | John L. Gillis, Jr.     |   |
|                            |   |   |   | John L. Gillis, Jr.     |   |
|                            |   |   |   |                    |   |
| Date:  March 10, 2011 | By     |   | /s/    | Wayne J. Grace          |   |
|                            |   |   |   | Wayne J. Grace          |   |
|                            |   |   |   |                    |   |
| Date:  March 10, 2011 | By     |   | /s/    | James J. Lindemann      |   |
|                            |   |   |   | James J. Lindemann      |   |
|                            |   |   |   |                    |   |
| Date:  March 10, 2011 | By     |   | /s/    | Randall L. Schilling    |   |
|                            |   |   |   | Randall L. Schilling    |   |
|                            |   |   |   |                    |   |
| Date:  March 10, 2011 | By     |   | /s/    | Andrew J. Signorelli    |   |
|                            |   |   |   | Andrew J. Signorelli    |   |
|                            |   |   |   |                    |   |
| Date:  March 10, 2011 | By     |   | /s/    | Franklin D. Wicks, Jr.  |   |
|                            |   |   |   | Franklin D. Wicks, Jr.  |   |

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