| þ | Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2011 |
|--------|---------------------------------------------------------------------------------------------------------------------------------------|

| o | Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
|---|------------------------------------------------------------------------------------------|

| Michigan                                                      |   | 38-3516922                          |
|---------------------------------------------------------------|--------|-------------------------------------|
| (State or other jurisdiction ofincorporation or organization) |   | (I.R.S. EmployerIdentification No.) |
|                                                          |   |                                |

| Large accelerated filer o | Accelerated Filer o              |
|---------------------------|----------------------------------|
| Non-accelerated filer o   | Smaller reporting company þ |

----

| MBT FINANCIAL CORP.         |
|-----------------------------|
| CONSOLIDATED BALANCE SHEETS |

|   Dollars in thousands                                                                                        |   | March 31, 2011 (Unaudited) |      |   | December 31,2010 |   |
|--------------------------------------------------------------------------------------------------------------------|--------|----------------------------|-----------|--------|------------------|--------|
| ASSETS                                                                                                             |   |                       |      |   |             |   |
| Cash and Cash Equivalents                                                                                          |   |                       |      |   |             |   |
| Cash and due from banks                                                                                            |   |                       |      |   |             |   |
| Non-interest bearing                                                                                               |   | $                          | 14,430    |   |             | $      | 13,789 |   |
| Interest bearing                                                                                                   |   |                       | 53,486    |   |             |   | 72,511 |   |
| Total cash and cash equivalents                                                                                    |   |                       | 67,916    |   |             |   | 86,300 |   |
|                                                                                                               |   |                       |      |   |             |   |   |   |
| Securities - Held to Maturity                                                                                      |   |                       | 23,201    |   |             |   | 23,804 |   |
| Securities - Available for Sale                                                                                    |   |                       | 345,918   |   |             |   | 289,365 |   |
| Federal Home Loan Bank stock - at cost                                                                             |   |                       | 11,831    |   |             |   | 11,831 |   |
| Loans held for sale                                                                                                |   |                       | 784       |   |             |   | 973 |   |
| Loans - Net                                                                                                        |   |                       | 705,292   |   |             |   | 731,664 |   |
| Accrued interest receivable and other assets                                                                       |   |                       | 37,150    |   |             |   | 34,207 |   |
| Bank Owned Life Insurance                                                                                          |   |                       | 47,422    |   |             |   | 50,664 |   |
| Premises and Equipment - Net                                                                                       |   |                       | 30,101    |   |             |   | 30,569 |   |
| Total assets                                                                                                       |   | $                          | 1,269,615 |   |             | $      | 1,259,377 |   |
|                                                                                                               |   |                       |      |   |             |   |   |   |
| LIABILITIES                                                                                                        |   |                       |      |   |             |   |   |   |
| Deposits:                                                                                                          |   |                       |      |   |             |   |   |   |
| Non-interest bearing                                                                                               |   | $                          | 147,737   |   |             | $      | 148,208 |   |
| Interest-bearing                                                                                                   |   |                       | 897,404   |   |             |   | 883,685 |   |
| Total deposits                                                                                                     |   |                       | 1,045,141 |   |             |   | 1,031,893 |   |
|                                                                                                               |   |                       |      |   |             |   |   |   |
| Federal Home Loan Bank advances                                                                                    |   |                       | 113,500   |   |             |   | 113,500 |   |
| Repurchase agreements                                                                                              |   |                       | 30,000    |   |             |   | 30,000 |   |
| Notes Payable                                                                                                      |   |                       | 135       |   |             |   | 135 |   |
| Interest payable and other liabilities                                                                             |   |                       | 10,424    |   |             |   | 9,851 |   |
| Total liabilities                                                                                                  |   |                       | 1,199,200 |   |             |   | 1,185,379 |   |
|                                                                                                               |   |                       |      |   |             |   |   |   |
| STOCKHOLDERS' EQUITY                                                                                               |   |                       |      |   |             |   |   |   |
| Common stock (no par value; 30,000,000 shares authorized, 17,260,748 and 17,252,329 shares issued and outstanding) |   |                       | 2,026     |   |             |   | 2,146 |   |
| Retained Earnings                                                                                                  |   |                       | 72,455    |   |             |   | 76,497 |   |
| Unearned Compensation                                                                                              |   |                       | (158      | )      |             |   | (187 | ) |
| Accumulated other comprehensive loss                                                                               |   |                       | (3,908    | )      |             |   | (4,458 | ) |
| Total stockholders' equity                                                                                         |   |                       | 70,415    |   |             |   | 73,998 |   |
| Total liabilities and stockholders' equity                                                                         |   | $                          | 1,269,615 |   |             | $      | 1,259,377 |   |

----

| MBT FINANCIAL CORP.                           |
|-----------------------------------------------|
| CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED |

|                                               |   | Three Months Ended March 31, |   |
|----------------------------------------------------|--------|------------------------------|--------|
| Dollars in thousands, except per share data        |   | 2011                         |   |   | 2010 |   |
| Interest Income                                    |   |                         |   |   |   |   |
| Interest and fees on loans                         |   | $                            | 10,352 |   |   | $ | 11,949 |   |
| Interest on investment securities-                 |   |                         |   |   |   |   |   |   |
| Tax-exempt                                         |   |                         | 372    |   |   |   | 638 |   |
| Taxable                                            |   |                         | 2,040  |   |   |   | 2,689 |   |
| Interest on balances due from banks                |   |                         | 38     |   |   |   | 38 |   |
| Total interest income                              |   |                         | 12,802 |   |   |   | 15,314 |   |
|                                               |   |                         |   |   |   |   |   |   |
| Interest Expense                                   |   |                         |   |   |   |   |   |   |
| Interest on deposits                               |   |                         | 3,015  |   |   |   | 3,353 |   |
| Interest on borrowed funds                         |   |                         | 1,018  |   |   |   | 2,556 |   |
| Total interest expense                             |   |                         | 4,033  |   |   |   | 5,909 |   |
|                                               |   |                         |   |   |   |   |   |   |
| Net Interest Income                                |   |                         | 8,769  |   |   |   | 9,405 |   |
| Provision For Loan Losses                          |   |                         | 5,750  |   |   |   | 2,200 |   |
|                                               |   |                         |   |   |   |   |   |   |
| Net Interest Income After                          |   |                         |   |   |   |   |   |   |
| Provision For Loan Losses                          |   |                         | 3,019  |   |   |   | 7,205 |   |
|                                               |   |                         |   |   |   |   |   |   |
| Other Income                                       |   |                         |   |   |   |   |   |   |
| Income from wealth management services             |   |                         | 987    |   |   |   | 962 |   |
| Service charges and other fees                     |   |                         | 1,117  |   |   |   | 1,271 |   |
| Net gain on sales of securities available for sale |   |                         | 67     |   |   |   | 295 |   |
| Origination fees on mortgage loans sold            |   |                         | 83     |   |   |   | 132 |   |
| Bank owned life insurance income                   |   |                         | 412    |   |   |   | 389 |   |
| Other                                              |   |                         | 997    |   |   |   | 992 |   |
| Total other income                                 |   |                         | 3,663  |   |   |   | 4,041 |   |
|                                               |   |                         |   |   |   |   |   |   |
| Other Expenses                                     |   |                         |   |   |   |   |   |   |
| Salaries and employee benefits                     |   |                         | 4,849  |   |   |   | 5,069 |   |
| Occupancy expense                                  |   |                         | 777    |   |   |   | 805 |   |
| Equipment expense                                  |   |                         | 694    |   |   |   | 840 |   |
| Marketing expense                                  |   |                         | 246    |   |   |   | 248 |   |
| Professional fees                                  |   |                         | 699    |   |   |   | 480 |   |
| Collection expenses                                |   |                         | 77     |   |   |   | 94 |   |
| Net loss on other real estate owned                |   |                         | 1,241  |   |   |   | 1,036 |   |
| Other real estate owned expenses                   |   |                         | 308    |   |   |   | 751 |   |
| FDIC Deposit Insurance Assessment                  |   |                         | 846    |   |   |   | 631 |   |
| Other                                              |   |                         | 987    |   |   |   | 944 |   |
| Total other expenses                               |   |                         | 10,724 |   |   |   | 10,898 |   |
|                                               |   |                         |   |   |   |   |   |   |
| Loss Before Income Taxes                           |   |                         | (4,042 | ) |   |   | 348 |   |
| Income Tax Benefit                                 |   |                         | -      |   |   |   | - |   |
| Net Loss                                           |   | $                            | (4,042 | ) |   | $ | 348 |   |
|                                               |   |                         |   |   |   |   |   |   |
| Basic Loss Per Common Share                        |   | $                            | (0.23  | ) |   | $ | 0.02 |   |
|                                               |   |                         |   |   |   |   |   |   |
| Diluted Loss Per Common Share                      |   | $                            | (0.23  | ) |   | $ | 0.02 |   |
|                                               |   |                         |   |   |   |   |   |   |
| Common Stock Dividends Declared Per Share          |   | $                            | -      |   |   | $ | - |   |

----

| MBT FINANCIAL CORP.                                                    |
|------------------------------------------------------------------------|
| CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - UNAUDITED |

|                                                                                         |   |   |   |   |     |   |   |         |   |   | Accumulated   |   |   |   |   |
|----------------------------------------------------------------------------------------------|--------|--------|--------|--------|----------|--------|--------|--------------|--------|--------|---------------|--------|--------|--------|--------|
|                                                                                         |   |   |   |   |     |   |   |         |   |   | Other         |   |   |   |   |
|                                                                                         |   | Common |   |   | Retained |   |   | Unearned     |   |   | Comprehensive |   |   |   |   |
| Dollars in thousands                                                                         |   | Stock  |   |   | Earnings |   |   | Compensation |   |   | Income (Loss) |   |   | Total  |   |
| Balance - January 1, 2011                                                                    |   | $      | 2,146  |   |     | $      | 76,497 |         |   | $      | (187          | )      |   | $      | (4,458 | ) |   | $ | 73,998 |   |
|                                                                                         |   |   |   |   |     |   |   |         |   |   |          |   |   |   |   |   |   |   |   |   |
| Issuance of Common Stock (8,419 shares)                                                      |   |   | 15     |   |     |   | -      |         |   |   | -             |   |   |   | -      |   |   |   | 15 |   |
| Stock Offering Expense                                                                       |   |   | (151   | )      |     |   | -      |         |   |   | -             |   |   |   | -      |   |   |   | (151 | ) |
| Equity Compensation                                                                          |   |   | 16     |   |     |   | -      |         |   |   | 29            |   |   |   | -      |   |   |   | 45 |   |
|                                                                                         |   |   |   |   |     |   |   |         |   |   |          |   |   |   |   |   |   |   |   |   |
| Comprehensive income:                                                                        |   |   |   |   |     |   |   |         |   |   |          |   |   |   |   |   |   |   |   |   |
| Net loss                                                                                     |   |   | -      |   |     |   | (4,042 | )            |   |   | -             |   |   |   | -      |   |   |   | (4,042 | ) |
| Change in net unrealized gain on securities available for sale - Net of tax effect of $(283) |   |   | -      |   |     |   | -      |         |   |   | -             |   |   |   | 542    |   |   |   | 542 |   |
| Reclassification adjustment for gains included in net income - Net of tax effect of $23      |   |   | -      |   |     |   | -      |         |   |   | -             |   |   |   | (44    | ) |   |   | (44 | ) |
| Change in postretirement benefit obligation                                                  |   |   |   |   |     |   |   |         |   |   |          |   |   |   |   |   |   |   |   |   |
| Net of tax effect of $(27)                                                                   |   |   | -      |   |     |   | -      |         |   |   | -             |   |   |   | 52     |   |   |   | 52 |   |
| Total Comprehensive Income                                                                   |   |   |   |   |     |   |   |         |   |   |          |   |   |   |   |   |   |   | (3,492 | ) |
|                                                                                         |   |   |   |   |     |   |   |         |   |   |          |   |   |   |   |   |   |   |   |   |
| Balance - March 31, 2011                                                                     |   | $      | 2,026  |   |     | $      | 72,455 |         |   | $      | (158          | )      |   | $      | (3,908 | ) |   | $ | 70,415 |   |

----

| MBT FINANCIAL CORP.                               |
|---------------------------------------------------|
| CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED |

|                                                                                 |   | Three Months Ended March 31, |    |
|--------------------------------------------------------------------------------------|--------|------------------------------|---------|
| Dollars in thousands                                                                 |   | 2011                         |    |   | 2010 |   |
| Cash Flows from Operating Activities                                                 |   |                         |    |   |   |   |
| Net Income (Loss)                                                                    |   | $                            | (4,042  | ) |   | $ | 348 |   |
| Adjustments to reconcile net loss to net cash from operating activities              |   |                         |    |   |   |   |   |   |
| Provision for loan losses                                                            |   |                         | 5,750   |   |   |   | 2,200 |   |
| Depreciation                                                                         |   |                         | 521     |   |   |   | 549 |   |
| Net amortization of investment premium and discount                                  |   |                         | 297     |   |   |   | 335 |   |
| Writedowns of Other Real Estate Owned                                                |   |                         | 1,092   |   |   |   | 820 |   |
| Net increase (decrease) in interest payable and other liabilities                    |   |                         | 652     |   |   |   | (954 | ) |
| Net increase in interest receivable and other assets                                 |   |                         | (5,402  | ) |   |   | (3,510 | ) |
| Equity based compensation expense                                                    |   |                         | 45      |   |   |   | 17 |   |
| Net gain on sale/settlement of securities                                            |   |                         | (67     | ) |   |   | (295 | ) |
| Increase in cash surrender value of life insurance                                   |   |                         | (412    | ) |   |   | (389 | ) |
| Net cash used for operating activities                                               |   | $                            | (1,566  | ) |   | $ | (879 | ) |
|                                                                                 |   |                         |    |   |   |   |   |   |
| Cash Flows from Investing Activities                                                 |   |                         |    |   |   |   |   |   |
| Proceeds from maturities and redemptions of investment securities held to maturity   |   | $                            | 602     |   |   | $ | 4,752 |   |
| Proceeds from maturities and redemptions of investment securities available for sale |   |                         | 7,050   |   |   |   | 25,567 |   |
| Proceeds from sales of investment securities available for sale                      |   |                         | 5,068   |   |   |   | 18,492 |   |
| Net decrease in loans                                                                |   |                         | 20,811  |   |   |   | 24,244 |   |
| Proceeds from sales of other real estate owned                                       |   |                         | 760     |   |   |   | 974 |   |
| Proceeds from sales of other assets                                                  |   |                         | 169     |   |   |   | 1,261 |   |
| Purchase of investment securities held to maturity                                   |   |                         | -       |   |   |   | (417 | ) |
| Proceeds from surrender of Bank Owned Life Insurance                                 |   |                         | 3,654   |   |   |   | - |   |
| Purchase of investment securities available for sale                                 |   |                         | (68,142 | ) |   |   | (71,306 | ) |
| Purchase of bank premises and equipment                                              |   |                         | (53     | ) |   |   | (90 | ) |
| Net cash provided by (used for) investing activities                                 |   | $                            | (30,081 | ) |   | $ | 3,477 |   |
|                                                                                 |   |                         |    |   |   |   |   |   |
| Cash Flows from Financing Activities                                                 |   |                         |    |   |   |   |   |   |
| Net increse (decrease) in deposits                                                   |   | $                            | 13,248  |   |   | $ | (2,870 | ) |
| Proceeds from issuance of common stock                                               |   |                         | 15      |   |   |   | 20 |   |
| Net cash provided by (used for) financing activities                                 |   | $                            | 13,263  |   |   | $ | (2,850 | ) |
|                                                                                 |   |                         |    |   |   |   |   |   |
| Net Decrease In Cash and Cash Equivalents                                            |   | $                            | (18,384 | ) |   | $ | (252 | ) |
|                                                                                 |   |                         |    |   |   |   |   |   |
| Cash and Cash Equivalents at Beginning Of Period                                     |   |                         | 86,300  |   |   |   | 69,746 |   |
| Cash And Cash Equivalents At End Of Period                                           |   | $                            | 67,916  |   |   | $ | 69,494 |   |

----

----

----

|                                                     |   | For the three months ended March 31, |       |
|----------------------------------------------------------|--------|--------------------------------------|------------|
|                                                     |   | 2011                                 |       |   | 2010 |   |
| Basic                                                    |   |                                 |       |   |   |   |
|    Net loss                                    |   | $                                    | (4,042,000 | ) |   | $ | 348,000 |   |
|    Net loss applicable to common stock         |   | $                                    | (4,042,000 | ) |   | $ | 348,000 |   |
|    Average common shares outstanding           |   |                                 | 17,256,472 |   |   |   | 16,216,177 |   |
|    Loss per common share - basic               |   | $                                    | (0.23      | ) |   | $ | 0.02 |   |
|                                                     |   |                                 |       |   |   |   |   |   |
|                                                     |   | 2011                                 |       |   | 2010 |   |
| Diluted                                                  |   |                                 |       |   |   |   |   |   |
|    Net loss                                    |   | $                                    | (4,042,000 | ) |   | $ | 348,000 |   |
|    Net loss applicable to common stock         |   | $                                    | (4,042,000 | ) |   | $ | 348,000 |   |
|    Average common shares outstanding           |   |                                 | 17,256,472 |   |   |   | 16,216,177 |   |
|    Stock option adjustment                     |   |                                 | -          |   |   |   | 531 |   |
|    Average common shares outstanding - diluted |   |                                 | 17,256,472 |   |   |   | 16,216,708 |   |
|    Loss per common share - diluted             |   | $                                    | (0.23      | ) |   | $ | 0.02 |   |

|                                 |   |   |    |   | Weighted Average |   |
|--------------------------------------|--------|--------|---------|--------|------------------|--------|
|                                 |   | Shares |    |   | Exercise Price   |   |
| Options Outstanding, January 1, 2011 |   |   | 444,575 |   |             | $      | 17.28 |   |
| Granted                              |   |   | -       |   |             |   | - |   |
| Exercised                            |   |   | -       |   |             |   | - |   |
| Forfeited                            |   |   | 4,402   |   |             |   | 13.94 |   |
| Options Outstanding, March 31, 2011  |   |   | 440,173 |   |             | $      | 17.31 |   |
| Options Exercisable, March 31, 2011  |   |   | 440,173 |   |             | $      | 17.28 |   |

----

|                                      |   |   |    |   | Weighted Average |   |
|-------------------------------------------|--------|--------|---------|--------|------------------|--------|
|                                      |   | Shares |    |   | Exercise Price   |   |
|  SOSARs Outstanding, January 1, 2011 |   |   | 224,000 |   |             | $      | 5.12 |   |
|  Granted                             |   |   | 111,000 |   |             |   | 1.85 |   |
|  Exercised                           |   |   | -       |   |             |   | - |   |
|  Forfeited                           |   |   | -       |   |             |   | - |   |
|  SOSARs Outstanding, March 31, 2011  |   |   | 335,000 |   |             | $      | 4.04 |   |
|  SOSARs Exercisable, March 31, 2011  |   |   | 190,820 |   |             | $      | 5.49 |   |

|                                                                        |   | March 31, |    |   | December 31, |   |
|-----------------------------------------------------------------------------|--------|-----------|---------|--------|--------------|--------|
|                                                                        |   | 2011      |    |   | 2010         |   |
| Residential real estate loans                                               |   | $         | 317,476 |   |         | $      | 330,325 |   |
| Non-farm, non-residential real estate loans                                 |   |      | 320,204 |   |         |   | 323,471 |   |
| Loans to finance agricultural production and other loans to farmers         |   |      | 6,766   |   |         |   | 6,357 |   |
| Commercial and industrial loans                                             |   |      | 69,216  |   |         |   | 76,701 |   |
| Loans to individuals for household, family, and other personal expenditures |   |      | 15,399  |   |         |   | 16,393 |   |
| All other loans (including overdrafts)                                      |   |      | 311     |   |         |   | 330 |   |
| Total loans, gross                                                          |   |      | 729,372 |   |         |   | 753,577 |   |
| Less: Deferred loan fees                                                    |   |      | 653     |   |         |   | 690 |   |
| Total loans, net of deferred loan fees                                      |   |      | 728,719 |   |         |   | 752,887 |   |
| Less: Allowance for loan losses                                             |   |      | 23,427  |   |         |   | 21,223 |   |
|                                                                        |   | $         | 705,292 |   |         | $      | 731,664 |   |

----

|                                             |   | March 31, |    |   | December 31, |   |
|--------------------------------------------------|--------|-----------|---------|--------|--------------|--------|
|                                             |   | 2011      |    |   | 2010         |   |
| Nonaccrual loans                                 |   | $         | 65,597  |   |         | $      | 67,581 |   |
| Loans 90 days past due                           |   |      | 364     |   |         |   | 4 |   |
| Restructured loans                               |   |      | 14,775  |   |         |   | 14,098 |   |
|    Total nonperforming loans           |   | $         | 80,736  |   |         | $      | 81,683 |   |
| Other real estate owned                          |   |      | 22,620  |   |         |   | 19,432 |   |
| Other assets                                     |   |      | 20      |   |         |   | 383 |   |
| Nonperforming investment securities              |   |      | 2,694   |   |         |   | 2,568 |   |
|    Total nonperforming assets          |   | $         | 106,070 |   |         | $      | 104,066 |   |
| Nonperforming assets to total assets             |   |      | 8.35    | %      |         |   | 8.26 | % |
| Allowance for loan losses to nonperforming loans |   |      | 29.02   | %      |         |   | 25.98 | % |

----

| March 31, 2011                                       |   | Agriculture and Agricultural Real Estate |   |   | Commercial |   |   | Commercial Real Estate |   |   | Construction Real Estate |   |   | Residential Real Estate |   |   | Consumer and Other |   |    | Total  |   |
|------------------------------------------------------|--------|------------------------------------------|--------|--------|------------|--------|--------|------------------------|--------|--------|--------------------------|--------|--------|-------------------------|--------|--------|--------------------|--------|---------|--------|--------|
| Allowance for loan losses:                           |   |                                     |   |   |       |   |   |                   |   |   |                     |   |   |                    |   |   |               |   |    |   |   |
| Beginning Balance                                    |   | $                                        | 77     |   |       | $      | 3,875  |                   |   | $      | 9,040                    |   |   | $                       | 3,285  |   |               | $      | 4,596   |   |   | $ | 350 |   |   | $ | 21,223 |   |
|    Charge-offs                             |   |                                     | -      |   |       |   | (828   | )                      |   |   | (2,298                   | )      |   |                    | (202   | )      |               |   | (705    | )      |   |   | (31 | ) |   |   | (4,064 | ) |
|    Recoveries                              |   |                                     | -      |   |       |   | 93     |                   |   |   | 7                        |   |   |                    | 10     |   |               |   | 302     |   |   |   | 106 |   |   |   | 518 |   |
|    Provision                               |   |                                     | 16     |   |       |   | (261   | )                      |   |   | 4,481                    |   |   |                    | 495    |   |               |   | 1,205   |   |   |   | (186 | ) |   |   | 5,750 |   |
| Ending balance                                       |   | $                                        | 93     |   |       | $      | 2,879  |                   |   | $      | 11,230                   |   |   | $                       | 3,588  |   |               | $      | 5,398   |   |   | $ | 239 |   |   | $ | 23,427 |   |
|                                                 |   |                                     |   |   |       |   |   |                   |   |   |                     |   |   |                    |   |   |               |   |    |   |   |   |   |   |   |   |   |   |
| Ending balance individually evaluated for impairment |   | $                                        | 89     |   |       | $      | 934    |                   |   | $      | 4,067                    |   |   | $                       | 1,140  |   |               | $      | 1,479   |   |   | $ | 62 |   |   | $ | 7,771 |   |
| Ending balance collectively evaluated for impairment |   |                                     | 4      |   |       |   | 1,945  |                   |   |   | 7,163                    |   |   |                    | 2,448  |   |               |   | 3,919   |   |   |   | 177 |   |   |   | 15,656 |   |
| Ending balance                                       |   | $                                        | 93     |   |       | $      | 2,879  |                   |   | $      | 11,230                   |   |   | $                       | 3,588  |   |               | $      | 5,398   |   |   | $ | 239 |   |   | $ | 23,427 |   |
|                                                 |   |                                     |   |   |       |   |   |                   |   |   |                     |   |   |                    |   |   |               |   |    |   |   |   |   |   |   |   |   |   |
| Loans:                                               |   |                                     |   |   |       |   |   |                   |   |   |                     |   |   |                    |   |   |               |   |    |   |   |   |   |   |   |   |   |   |
| Ending balance individuallyevaluated for impairment  |   | $                                        | 656    |   |       | $      | 6,650  |                   |   | $      | 42,210                   |   |   | $                       | 8,090  |   |               | $      | 16,616  |   |   | $ | 155 |   |   | $ | 74,377 |   |
| Ending balance collectivelyevaluated for impairment  |   |                                     | 17,577 |   |       |   | 62,641 |                   |   |   | 277,884                  |   |   |                    | 33,797 |   |               |   | 246,780 |   |   |   | 15,663 |   |   |   | 654,342 |   |
| Ending balance                                       |   | $                                        | 18,233 |   |       | $      | 69,291 |                   |   | $      | 320,094                  |   |   | $                       | 41,887 |   |               | $      | 263,396 |   |   | $ | 15,818 |   |   | $ | 728,719 |   |

| December 31, 2010                                   |   | Agriculture and Agricultural Real Estate |   |   | Commercial |   |   | Commercial Real Estate |   |   | Construction Real Estate |   |   | Residential Real Estate |   |   | Consumer and Other |   |    | Total  |   |
|-----------------------------------------------------|--------|------------------------------------------|--------|--------|------------|--------|--------|------------------------|--------|--------|--------------------------|--------|--------|-------------------------|--------|--------|--------------------|--------|---------|--------|--------|
| Allowance for loan losses:                          |   |                                     |   |   |       |   |   |                   |   |   |                     |   |   |                    |   |   |               |   |    |   |   |
| Beginning Balance                                   |   | $                                        | 142    |   |       | $      | 6,360  |                   |   | $      | 8,331                    |   |   | $                       | 2,351  |   |               | $      | 6,382   |   |   | $ | 497 |   |   | $ | 24,063 |   |
|    Charge-offs                            |   |                                     | -      |   |       |   | (2,907 | )                      |   |   | (10,024                  | )      |   |                    | (5,303 | )      |               |   | (5,370  | )      |   |   | (951 | ) |   |   | (24,555 | ) |
|    Recoveries                             |   |                                     | 1      |   |       |   | 219    |                   |   |   | 295                      |   |   |                    | 22     |   |               |   | 119     |   |   |   | 559 |   |   |   | 1,215 |   |
|    Provision                              |   |                                     | (66    | )      |       |   | 203    |                   |   |   | 10,438                   |   |   |                    | 6,215  |   |               |   | 3,465   |   |   |   | 245 |   |   |   | 20,500 |   |
| Ending balance                                      |   | $                                        | 77     |   |       | $      | 3,875  |                   |   | $      | 9,040                    |   |   | $                       | 3,285  |   |               | $      | 4,596   |   |   | $ | 350 |   |   | $ | 21,223 |   |
|                                                |   |                                     |   |   |       |   |   |                   |   |   |                     |   |   |                    |   |   |               |   |    |   |   |   |   |   |   |   |   |   |
| Ending balance individuallyevaluated for impairment |   | $                                        | 74     |   |       | $      | 2,016  |                   |   | $      | 2,958                    |   |   | $                       | 876    |   |               | $      | 973     |   |   | $ | 49 |   |   | $ | 6,946 |   |
|                                                |   |                                     |   |   |       |   |   |                   |   |   |                     |   |   |                    |   |   |               |   |    |   |   |   |   |   |   |   |   |   |
| Ending balance collectivelyevaluated for impairment |   |                                     | 3      |   |       |   | 1,859  |                   |   |   | 6,082                    |   |   |                    | 2,409  |   |               |   | 3,623   |   |   |   | 301 |   |   |   | 14,277 |   |
| Ending balance                                      |   | $                                        | 77     |   |       | $      | 3,875  |                   |   | $      | 9,040                    |   |   | $                       | 3,285  |   |               | $      | 4,596   |   |   | $ | 350 |   |   | $ | 21,223 |   |
|                                                |   |                                     |   |   |       |   |   |                   |   |   |                     |   |   |                    |   |   |               |   |    |   |   |   |   |   |   |   |   |   |
| Loans:                                              |   |                                     |   |   |       |   |   |                   |   |   |                     |   |   |                    |   |   |               |   |    |   |   |   |   |   |   |   |   |   |
| Ending balance individuallyevaluated for impairment |   | $                                        | 656    |   |       | $      | 10,075 |                   |   | $      | 42,326                   |   |   | $                       | 8,398  |   |               | $      | 16,948  |   |   | $ | 135 |   |   | $ | 78,538 |   |
|                                                |   |                                     |   |   |       |   |   |                   |   |   |                     |   |   |                    |   |   |               |   |    |   |   |   |   |   |   |   |   |   |
| Ending balance collectivelyevaluated for impairment |   |                                     | 19,797 |   |       |   | 66,708 |                   |   |   | 281,025                  |   |   |                    | 37,912 |   |               |   | 252,205 |   |   |   | 16,702 |   |   |   | 674,349 |   |
| Ending balance                                      |   | $                                        | 20,453 |   |       | $      | 76,783 |                   |   | $      | 323,351                  |   |   | $                       | 46,310 |   |               | $      | 269,153 |   |   | $ | 16,837 |   |   | $ | 752,887 |   |

----

| ·  | Grade 1 – Excellent – Loans secured by marketable collateral, with adequate margin, or supported by strong financial statements. Probability of serious financial deterioration is unlikely. Possess a sound repayment source and a secondary source. This classification will also include all loans secured by certificates of deposit or cash equivalents. |
|--------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·  | Grade 2 – Satisfactory – Loans that have less than average risk and clearly demonstrate adequate debt service coverage. These loans may have some vulnerability, but are sufficiently strong to have minimal deterioration if adverse factors are encountered, and are expected to be fully collectable. |
|--------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·  | Grade 3 – Average – Loans that have a reasonable amount of risk and may exhibit vulnerability to deterioration if adverse factors are encountered. These loans should demonstrate adequate debt service coverage but warrant a higher level of monitoring to ensure that weaknesses do not advance. |
|--------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·  | Grade 4 – Pass/Watch – Loans that are considered “pass credits” yet appear on the “watch list”. Credit deficiency or potential weakness may include a lack of current or complete financial information. The level of risk is considered acceptable so long as the loan is given additional management supervision. |
|--------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·  | Grade 5 – Watch – Loans that possess some credit deficiency or potential weakness that if not corrected, could increase risk in the future. The source of loan repayment is sufficient but may be considered inadequate by the Bank’s standards. |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·  | Grade 6 – Substandard – Loans that exhibit one or more of the following characteristics: (1) uncertainty of repayment from primary source and financial deterioration currently underway; (2) inadequate current net worth and paying capacity of the obligor; (3) reliance on secondary source of repayment such as collateral liquidation or guarantees; (4) distinct possibility the Bank will sustain loss if deficiencies are not corrected; (5) unusual courses of action are needed to maintain probability of repayment; (6) insufficient cash flow to repay principal but continuing to pay interest; (7) the Bank is subordinated or unsecured due to flaws in documentation; (8) loans are restructured or are on nonaccrual status due to concessions to the borrower when compared to normal terms; (9) the Bank is contemplating foreclosure or legal action due to deterioration in the loan; or (10) there is deterioration in conditions and the borrower is highly vulnerable to these conditions. |
|--------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·  | Grade 7 – Doubtful – Loans that exhibit one or more of the following characteristics: (1) loans with the weaknesses of Substandard loans and collection or liquidation is not probable to result in payment in full; (2) the primary source of repayment is gone and the quality of the secondary source is doubtful; or (3) the possibility of loss is high, but important pending factors may strengthen the loan. |
|--------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·  | Grades 8 & 9 - Loss – Loans are considered uncollectible and of such little value that carrying them on the Bank’s financial statements is not feasible. |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|          |   |   | Agriculture and Agricultural Real Estate |   |   | Commercial |   |   | Commercial Real Estate |   |    | Construction Real Estate |    |   | Residential Real Estate |   |   | Consumer and Other |    |   | Total  |   |
|---------------|--------|--------|------------------------------------------|--------|--------|------------|--------|--------|------------------------|--------|---------|--------------------------|---------|--------|-------------------------|--------|--------|--------------------|---------|--------|--------|--------|
| Not Rated     |   | $      | 33                                       |   |   | $          | 1,016  |   |                   | $      | 173     |                     |    | $      | 4,709                   |   |   | $                  | 197,629 |   |   | $      | 15,593 |   |   | $ | 219,153 |   |
|          | 1      |   |                                     |   | -      |       |   |   | 1,746                  |   |    |                     | -       |   |                    |   | -      |               |    |   | -      |   |   |   | - |   |   |   | 1,746 |   |
|          | 2      |   |                                     |   | 201    |       |   |   | 315                    |   |    |                     | 5,109   |   |                    |   | 105    |               |    |   | 1,101  |   |   |   | - |   |   |   | 6,831 |   |
|          | 3      |   |                                     |   | 5,919  |       |   |   | 6,341                  |   |    |                     | 15,369  |   |                    |   | 1,008  |               |    |   | 2,488  |   |   |   | 35 |   |   |   | 31,160 |   |
|          | 4      |   |                                     |   | 10,611 |       |   |   | 38,746                 |   |    |                     | 160,663 |   |                    |   | 13,913 |               |    |   | 24,789 |   |   |   | 30 |   |   |   | 248,752 |   |
|          | 5      |   |                                     |   | 512    |       |   |   | 10,670                 |   |    |                     | 62,481  |   |                    |   | 8,466  |               |    |   | 12,226 |   |   |   | - |   |   |   | 94,355 |   |
|          | 6      |   |                                     |   | 957    |       |   |   | 10,457                 |   |    |                     | 76,299  |   |                    |   | 13,686 |               |    |   | 25,163 |   |   |   | 160 |   |   |   | 126,722 |   |
|          | 7      |   |                                     |   | -      |       |   |   | -                      |   |    |                     | -       |   |                    |   | -      |               |    |   | -      |   |   |   | - |   |   |   | - |   |
|          | 8      |   |                                     |   | -      |       |   |   | -                      |   |    |                     | -       |   |                    |   | -      |               |    |   | -      |   |   |   | - |   |   |   | - |   |
|          | 9      |   |                                     |   | -      |       |   |   | -                      |   |    |                     | -       |   |                    |   | -      |               |    |   | -      |   |   |   | - |   |   |   | - |   |
| Total         |   | $      | 18,233                                   |   |   | $          | 69,291 |   |                   | $      | 320,094 |                     |    | $      | 41,887                  |   |   | $                  | 263,396 |   |   | $      | 15,818 |   |   | $ | 728,719 |   |
|          |   |   |                                     |   |   |       |   |   |                   |   |    |                     |    |   |                    |   |   |               |    |   |   |   |   |   |   |   |   |   |   |   |
| Performing    |   | $      | 17,577                                   |   |   | $          | 62,742 |   |                   | $      | 278,685 |                     |    | $      | 33,182                  |   |   | $                  | 240,417 |   |   | $      | 15,380 |   |   | $ | 647,983 |   |
| Nonperforming |   |   | 656                                      |   |   |       | 6,549  |   |                   |   | 41,409  |                     |    |   | 8,705                   |   |   |               | 22,979  |   |   |   | 438 |   |   |   | 80,736 |   |
| Total         |   | $      | 18,233                                   |   |   | $          | 69,291 |   |                   | $      | 320,094 |                     |    | $      | 41,887                  |   |   | $                  | 263,396 |   |   | $      | 15,818 |   |   | $ | 728,719 |   |

|          |   |   | Agriculture and Agricultural Real Estate |   |   | Commercial |   |   | Commercial Real Estate |   |    | Construction Real Estate |    |   | Residential Real Estate |   |   | Consumer and Other |    |   | Total  |   |
|---------------|--------|--------|------------------------------------------|--------|--------|------------|--------|--------|------------------------|--------|---------|--------------------------|---------|--------|-------------------------|--------|--------|--------------------|---------|--------|--------|--------|
| Not Rated     |   | $      | 56                                       |   |   | $          | 1,002  |   |                   | $      | 177     |                     |    | $      | 4,983                   |   |   | $                  | 202,020 |   |   | $      | 16,609 |   |   | $ | 224,847 |   |
|          | 1      |   |                                     |   | -      |       |   |   | 955                    |   |    |                     | -       |   |                    |   | -      |               |    |   | -      |   |   |   | - |   |   |   | 955 |   |
|          | 2      |   |                                     |   | 351    |       |   |   | 319                    |   |    |                     | 5,381   |   |                    |   | 107    |               |    |   | 1,136  |   |   |   | - |   |   |   | 7,294 |   |
|          | 3      |   |                                     |   | 8,941  |       |   |   | 5,600                  |   |    |                     | 18,939  |   |                    |   | 1,064  |               |    |   | 2,409  |   |   |   | 40 |   |   |   | 36,993 |   |
|          | 4      |   |                                     |   | 10,146 |       |   |   | 43,197                 |   |    |                     | 152,697 |   |                    |   | 16,285 |               |    |   | 25,754 |   |   |   | 32 |   |   |   | 248,111 |   |
|          | 5      |   |                                     |   | -      |       |   |   | 11,384                 |   |    |                     | 73,651  |   |                    |   | 8,918  |               |    |   | 12,237 |   |   |   | - |   |   |   | 106,190 |   |
|          | 6      |   |                                     |   | 959    |       |   |   | 14,326                 |   |    |                     | 72,506  |   |                    |   | 14,953 |               |    |   | 25,597 |   |   |   | 156 |   |   |   | 128,497 |   |
|          | 7      |   |                                     |   | -      |       |   |   | -                      |   |    |                     | -       |   |                    |   | -      |               |    |   | -      |   |   |   | - |   |   |   | - |   |
|          | 8      |   |                                     |   | -      |       |   |   | -                      |   |    |                     | -       |   |                    |   | -      |               |    |   | -      |   |   |   | - |   |   |   | - |   |
|          | 9      |   |                                     |   | -      |       |   |   | -                      |   |    |                     | -       |   |                    |   | -      |               |    |   | -      |   |   |   | - |   |   |   | - |   |
| Total         |   | $      | 20,453                                   |   |   | $          | 76,783 |   |                   | $      | 323,351 |                     |    | $      | 46,310                  |   |   | $                  | 269,153 |   |   | $      | 16,837 |   |   | $ | 752,887 |   |
|          |   |   |                                     |   |   |       |   |   |                   |   |    |                     |    |   |                    |   |   |               |    |   |   |   |   |   |   |   |   |   |   |   |
| Performing    |   | $      | 19,798                                   |   |   | $          | 67,472 |   |                   | $      | 282,746 |                     |    | $      | 37,805                  |   |   | $                  | 247,018 |   |   | $      | 16,365 |   |   | $ | 671,204 |   |
| Nonperforming |   |   | 655                                      |   |   |       | 9,311  |   |                   |   | 40,605  |                     |    |   | 8,505                   |   |   |               | 22,135  |   |   |   | 472 |   |   |   | 81,683 |   |
| Total         |   | $      | 20,453                                   |   |   | $          | 76,783 |   |                   | $      | 323,351 |                     |    | $      | 46,310                  |   |   | $                  | 269,153 |   |   | $      | 16,837 |   |   | $ | 752,887 |   |

| March 31, 2011                           |   | 30-59 Days Past Due |   |   | 60-89 Days Past Due |   |   | >90 Days Past Due |   |   | Total Past Due |   |   | Current |   |   | Total Loans |   |    | Recorded Investment >90 Days Past Due and Accruing |   |
|------------------------------------------|--------|---------------------|--------|--------|---------------------|--------|--------|----------------------|--------|--------|----------------|--------|--------|---------|--------|--------|-------------|--------|---------|-------------------------------------------------------|--------|
| Agriculture and Agricultural Real Estate |   | $                   | 98     |   |                | $      | -      |                 |   | $      | 343            |   |   | $       | 441    |   |        | $      | 17,792  |                                                  |   | $ | 18,233 |   |   | $ | - |   |
| Commercial                               |   |                | 1,073  |   |                |   | 188    |                 |   |   | 2,178          |   |   |    | 3,439  |   |        |   | 65,852  |                                                  |   |   | 69,291 |   |   |   | 1 |   |
| Commercial Real Estate                   |   |                | 6,604  |   |                |   | 4,640  |                 |   |   | 13,733         |   |   |    | 24,977 |   |        |   | 295,117 |                                                  |   |   | 320,094 |   |   |   | - |   |
| Construction Real Estate                 |   |                | 1,327  |   |                |   | 197    |                 |   |   | 3,973          |   |   |    | 5,497  |   |        |   | 36,390  |                                                  |   |   | 41,887 |   |   |   | - |   |
| Residential Real Estate                  |   |                | 6,394  |   |                |   | 954    |                 |   |   | 9,075          |   |   |    | 16,423 |   |        |   | 246,973 |                                                  |   |   | 263,396 |   |   |   | 360 |   |
| Consumer and Other                       |   |                | 199    |   |                |   | 34     |                 |   |   | 238            |   |   |    | 471    |   |        |   | 15,347  |                                                  |   |   | 15,818 |   |   |   | 3 |   |
| Total                                    |   | $                   | 15,695 |   |                | $      | 6,013  |                 |   | $      | 29,540         |   |   | $       | 51,248 |   |        | $      | 677,471 |                                                  |   | $ | 728,719 |   |   | $ | 364 |   |

----

| December 31, 2010                        |   | 30-59 Days Past Due |   |   | 60-89 Days Past Due |   |   | >90 Days Past Due |   |   | Total Past Due |   |   | Current |   |   | Total Loans |   |    | Recorded Investment >90 Days Past Due and Accruing |   |
|------------------------------------------|--------|---------------------|--------|--------|---------------------|--------|--------|----------------------|--------|--------|----------------|--------|--------|---------|--------|--------|-------------|--------|---------|-------------------------------------------------------|--------|
| Agriculture and Agricultural Real Estate |   | $                   | 98     |   |                | $      | -      |                 |   | $      | 343            |   |   | $       | 441    |   |        | $      | 20,012  |                                                  |   | $ | 20,453 |   |   | $ | - |   |
| Commercial                               |   |                | 2,265  |   |                |   | 1,031  |                 |   |   | 3,999          |   |   |    | 7,295  |   |        |   | 69,488  |                                                  |   |   | 76,783 |   |   |   | 4 |   |
| Commercial Real Estate                   |   |                | 8,212  |   |                |   | 4,532  |                 |   |   | 14,391         |   |   |    | 27,135 |   |        |   | 296,216 |                                                  |   |   | 323,351 |   |   |   | - |   |
| Construction Real Estate                 |   |                | 186    |   |                |   | 46     |                 |   |   | 6,136          |   |   |    | 6,368  |   |        |   | 39,942  |                                                  |   |   | 46,310 |   |   |   | - |   |
| Residential Real Estate                  |   |                | 6,331  |   |                |   | 4,910  |                 |   |   | 14,962         |   |   |    | 26,203 |   |        |   | 242,950 |                                                  |   |   | 269,153 |   |   |   | - |   |
| Consumer and Other                       |   |                | 213    |   |                |   | 43     |                 |   |   | 291            |   |   |    | 547    |   |        |   | 16,290  |                                                  |   |   | 16,837 |   |   |   | - |   |
| Total                                    |   | $                   | 17,305 |   |                | $      | 10,562 |                 |   | $      | 40,122         |   |   | $       | 67,989 |   |        | $      | 684,898 |                                                  |   | $ | 752,887 |   |   | $ | 4 |   |

|                                     |   | 3/31/2011 |   |   | 12/31/2010 |   |
|------------------------------------------|--------|-----------|--------|--------|------------|--------|
| Agriculture and Agricultural Real Estate |   | $         | 343    |   |       | $      | 386 |   |
| Commercial                               |   |      | 6,315  |   |       |   | 7,179 |   |
| Commercial Real Estate                   |   |      | 33,326 |   |       |   | 32,033 |   |
| Construction Real Estate                 |   |      | 7,757  |   |       |   | 7,556 |   |
| Residential Real Estate                  |   |      | 17,565 |   |       |   | 20,087 |   |
| Consumer and Other                       |   |      | 291    |   |       |   | 340 |   |
| Total                                    |   | $         | 65,597 |   |       | $      | 67,581 |   |

----

| March 31, 2011                                  |   | Recorded Investment |   |   | Unpaid Principal Balance |   |   | Related Allowance |   |   | Average Recorded Investment |   |   | Interest Income Recognized in the Three Months Ended |   |
|-------------------------------------------------|--------|---------------------|--------|--------|--------------------------|--------|--------|-------------------|--------|--------|-----------------------------|--------|--------|------------------------------------------------------|--------|
| With no related allowance recorded:             |   |                |   |   |                     |   |   |              |   |   |                        |   |   |                                                 |   |
|   Agriculture and Agricultural Real Estate |   | $                   | -      |   |                     | $      | -      |              |   | $      | -                           |   |   | $                                                    | -      |   |   | $ | - |   |
|   Commercial                               |   |                | 1,444  |   |                     |   | 3,017  |              |   |   | -                           |   |   |                                                 | 1,494  |   |   |   | 9 |   |
|   Commercial Real Estate                   |   |                | 8,240  |   |                     |   | 11,521 |              |   |   | -                           |   |   |                                                 | 9,010  |   |   |   | 50 |   |
|   Construction Real Estate                 |   |                | 601    |   |                     |   | 799    |              |   |   | -                           |   |   |                                                 | 617    |   |   |   | 10 |   |
|   Residential Real Estate                  |   |                | 9,143  |   |                     |   | 11,642 |              |   |   | -                           |   |   |                                                 | 9,656  |   |   |   | 228 |   |
|   Consumer and Other                       |   |                | -      |   |                     |   | -      |              |   |   | -                           |   |   |                                                 | -      |   |   |   | - |   |
|                                            |   |                |   |   |                     |   |   |              |   |   |                        |   |   |                                                 |   |   |   |   |   |   |
| With an allowance recorded:                     |   |                |   |   |                     |   |   |              |   |   |                        |   |   |                                                 |   |   |   |   |   |   |
|   Agriculture and Agricultural Real Estate |   |                | 656    |   |                     |   | 656    |              |   |   | 89                          |   |   |                                                 | 655    |   |   |   | 2 |   |
|   Commercial                               |   |                | 5,206  |   |                     |   | 5,889  |              |   |   | 934                         |   |   |                                                 | 5,737  |   |   |   | 49 |   |
|   Commercial Real Estate                   |   |                | 33,970 |   |                     |   | 42,204 |              |   |   | 4,067                       |   |   |                                                 | 34,922 |   |   |   | 338 |   |
|   Construction Real Estate                 |   |                | 7,489  |   |                     |   | 12,537 |              |   |   | 1,140                       |   |   |                                                 | 7,995  |   |   |   | 12 |   |
|   Residential Real Estate                  |   |                | 7,473  |   |                     |   | 8,940  |              |   |   | 1,479                       |   |   |                                                 | 7,826  |   |   |   | 77 |   |
|   Consumer and Other                       |   |                | 155    |   |                     |   | 156    |              |   |   | 62                          |   |   |                                                 | 157    |   |   |   | 2 |   |
|                                            |   |                |   |   |                     |   |   |              |   |   |                        |   |   |                                                 |   |   |   |   |   |   |
| Total:                                          |   |                |   |   |                     |   |   |              |   |   |                        |   |   |                                                 |   |   |   |   |   |   |
|   Agriculture and Agricultural Real Estate |   | $                   | 656    |   |                     | $      | 656    |              |   | $      | 89                          |   |   | $                                                    | 655    |   |   | $ | 2 |   |
|   Commercial                               |   |                | 6,650  |   |                     |   | 8,906  |              |   |   | 934                         |   |   |                                                 | 7,231  |   |   |   | 58 |   |
|   Commercial Real Estate                   |   |                | 42,210 |   |                     |   | 53,725 |              |   |   | 4,067                       |   |   |                                                 | 43,932 |   |   |   | 388 |   |
|   Construction Real Estate                 |   |                | 8,090  |   |                     |   | 13,336 |              |   |   | 1,140                       |   |   |                                                 | 8,612  |   |   |   | 22 |   |
|   Residential Real Estate                  |   |                | 16,616 |   |                     |   | 20,582 |              |   |   | 1,479                       |   |   |                                                 | 17,482 |   |   |   | 305 |   |
|   Consumer and Other                       |   |                | 155    |   |                     |   | 156    |              |   |   | 62                          |   |   |                                                 | 157    |   |   |   | 2 |   |

| December 31, 2010                               |   | Recorded Investment |   |   | Unpaid Principal Balance |   |   | Related Allowance |   |   | Average Recorded Investment |   |   | Interest Income Recognized in the Year Ended |   |
|-------------------------------------------------|--------|---------------------|--------|--------|--------------------------|--------|--------|-------------------|--------|--------|-----------------------------|--------|--------|----------------------------------------------|--------|
| With no related allowance recorded:             |   |                |   |   |                     |   |   |              |   |   |                        |   |   |                                         |   |
|   Agriculture and Agricultural Real Estate |   | $                   | -      |   |                     | $      | -      |              |   | $      | -                           |   |   | $                                            | -      |   |   | $ | - |   |
|   Commercial                               |   |                | 1,069  |   |                     |   | 2,220  |              |   |   | -                           |   |   |                                         | 1,845  |   |   |   | 108 |   |
|   Commercial Real Estate                   |   |                | 16,968 |   |                     |   | 23,585 |              |   |   | -                           |   |   |                                         | 19,314 |   |   |   | 819 |   |
|   Construction Real Estate                 |   |                | 1,678  |   |                     |   | 2,457  |              |   |   | -                           |   |   |                                         | 1,603  |   |   |   | 97 |   |
|   Residential Real Estate                  |   |                | 14,816 |   |                     |   | 12,175 |              |   |   | -                           |   |   |                                         | 10,033 |   |   |   | 480 |   |
|   Consumer and Other                       |   |                | -      |   |                     |   | -      |              |   |   | -                           |   |   |                                         | -      |   |   |   | - |   |
|                                            |   |                |   |   |                     |   |   |              |   |   |                        |   |   |                                         |   |   |   |   |   |   |
| With an allowance recorded:                     |   |                |   |   |                     |   |   |              |   |   |                        |   |   |                                         |   |   |   |   |   |   |
|   Agriculture and Agricultural Real Estate |   |                | 656    |   |                     |   | 656    |              |   |   | 74                          |   |   |                                         | 656    |   |   |   | 7 |   |
|   Commercial                               |   |                | 9,006  |   |                     |   | 12,521 |              |   |   | 2,016                       |   |   |                                         | 9,154  |   |   |   | 365 |   |
|   Commercial Real Estate                   |   |                | 25,358 |   |                     |   | 29,682 |              |   |   | 2,958                       |   |   |                                         | 23,887 |   |   |   | 1,058 |   |
|   Construction Real Estate                 |   |                | 6,720  |   |                     |   | 11,171 |              |   |   | 876                         |   |   |                                         | 7,280  |   |   |   | 190 |   |
|   Residential Real Estate                  |   |                | 2,132  |   |                     |   | 9,315  |              |   |   | 973                         |   |   |                                         | 7,596  |   |   |   | 356 |   |
|   Consumer and Other                       |   |                | 135    |   |                     |   | 135    |              |   |   | 49                          |   |   |                                         | 138    |   |   |   | 6 |   |
|                                            |   |                |   |   |                     |   |   |              |   |   |                        |   |   |                                         |   |   |   |   |   |   |
| Total:                                          |   |                |   |   |                     |   |   |              |   |   |                        |   |   |                                         |   |   |   |   |   |   |
|   Agriculture and Agricultural Real Estate |   | $                   | 656    |   |                     | $      | 656    |              |   | $      | 74                          |   |   | $                                            | 656    |   |   | $ | 7 |   |
|   Commercial                               |   |                | 10,075 |   |                     |   | 14,741 |              |   |   | 2,016                       |   |   |                                         | 10,999 |   |   |   | 473 |   |
|   Commercial Real Estate                   |   |                | 42,326 |   |                     |   | 53,267 |              |   |   | 2,958                       |   |   |                                         | 43,201 |   |   |   | 1,877 |   |
|   Construction Real Estate                 |   |                | 8,398  |   |                     |   | 13,628 |              |   |   | 876                         |   |   |                                         | 8,883  |   |   |   | 287 |   |
|   Residential Real Estate                  |   |                | 16,948 |   |                     |   | 21,490 |              |   |   | 973                         |   |   |                                         | 17,629 |   |   |   | 836 |   |
|   Consumer and Other                       |   |                | 135    |   |                     |   | 135    |              |   |   | 49                          |   |   |                                         | 138    |   |   |   | 6 |   |

----

|                                            |   | Held to Maturity |   |
|-------------------------------------------------|--------|------------------|--------|
|                                            |   | March 31, 2011   |   |
|                                            |   |             |   |   | Gross |   |   | Gross |   |   | Estimated |   |
|                                            |   | Amortized        |   |   | Unrealized |   |   | Unrealized |   |   | Market |   |
|                                            |   | Cost             |   |   | Gains |   |   | Losses |   |   | Value |   |
| Obligations of U.S. GovernmentAgencies          |   | $                | 6      |   |   | $ | - |   |   | $ | - |   |   | $ | 6 |   |
| Obligations of States and PoliticalSubdivisions |   |             | 23,195 |   |   |   | 255 |   |   |   | (274 | ) |   |   | 23,176 |   |
|                                            |   | $                | 23,201 |   |   | $ | 255 |   |   | $ | (274 | ) |   | $ | 23,182 |   |

|                                            |   | Available for Sale |    |
|-------------------------------------------------|--------|--------------------|---------|
|                                            |   | March 31, 2011     |    |
|                                            |   |               |    |   | Gross |   |   | Gross |   |   | Estimated |   |
|                                            |   | Amortized          |    |   | Unrealized |   |   | Unrealized |   |   | Market |   |
|                                            |   | Cost               |    |   | Gains |   |   | Losses |   |   | Value |   |
| Obligations of U.S. GovernmentAgencies          |   | $                  | 322,483 |   |   | $ | 2,439 |   |   | $ | (1,875 | ) |   | $ | 323,047 |   |
| Obligations of States and PoliticalSubdivisions |   |               | 14,978  |   |   |   | 116 |   |   |   | (113 | ) |   |   | 14,981 |   |
| Trust Preferred CDO Securities                  |   |               | 9,554   |   |   |   | - |   |   |   | (4,087 | ) |   |   | 5,467 |   |
| Other Securities                                |   |               | 2,553   |   |   |   | 86 |   |   |   | (216 | ) |   |   | 2,423 |   |
|                                            |   | $                  | 349,568 |   |   | $ | 2,641 |   |   | $ | (6,291 | ) |   | $ | 345,918 |   |

|                                             |   | Held to Maturity  |   |
|--------------------------------------------------|--------|-------------------|--------|
|                                             |   | December 31, 2010 |   |
|                                             |   |              |   |   | Gross |   |   | Gross |   |   | Estimated |   |
|                                             |   | Amortized         |   |   | Unrealized |   |   | Unrealized |   |   | Market |   |
|                                             |   | Cost              |   |   | Gains |   |   | Losses |   |   | Value |   |
| Obligations of U.S. Government Agencies          |   | $                 | 6      |   |   | $ | - |   |   | $ | - |   |   | $ | 6 |   |
| Obligations of States and Political Subdivisions |   |              | 23,798 |   |   |   | 303 |   |   |   | (265 | ) |   |   | 23,836 |   |
|                                             |   | $                 | 23,804 |   |   | $ | 303 |   |   | $ | (265 | ) |   | $ | 23,842 |   |

|                                            |   | Available for Sale |    |
|-------------------------------------------------|--------|--------------------|---------|
|                                            |   | December 31, 2010  |    |
|                                            |   |               |    |   | Gross |   |   | Gross |   |   | Estimated |   |
|                                            |   | Amortized          |    |   | Unrealized |   |   | Unrealized |   |   | Market |   |
|                                            |   | Cost               |    |   | Gains |   |   | Losses |   |   | Value |   |
| Obligations of U.S. GovernmentAgencies          |   | $                  | 266,773 |   |   | $ | 2,526 |   |   | $ | (2,264 | ) |   | $ | 267,035 |   |
| Obligations of States and PoliticalSubdivisions |   |               | 14,881  |   |   |   | 49 |   |   |   | (205 | ) |   |   | 14,725 |   |
| Trust Preferred CDO Securities                  |   |               | 9,563   |   |   |   | - |   |   |   | (4,375 | ) |   |   | 5,188 |   |
| Other Securities                                |   |               | 2,553   |   |   |   | 80 |   |   |   | (216 | ) |   |   | 2,417 |   |
|                                            |   | $                  | 293,770 |   |   | $ | 2,655 |   |   | $ | (7,060 | ) |   | $ | 289,365 |   |

----

|                                            |   | Less than 12 months  |    |   | 12 months or longer     |   |   | Total                |   |
|-------------------------------------------------|--------|----------------------|---------|--------|-------------------------|--------|--------|----------------------|--------|
|                                            |   | Aggregate Fair Value |    |   | Gross Unrealized Losses |   |   | Aggregate Fair Value |   |   | Gross Unrealized Losses |   |   | Aggregate Fair Value |   |   | Gross Unrealized Losses |   |
| Obligations of United StatesGovernment Agencies |   | $                    | 131,458 |   |                    | $      | 1,875  |                 |   | $ | - |   |   | $ | - |   |   | $ | 131,458 |   |   | $ | 1,875 |   |
| Obligations of States andPolitical Subdivisions |   |                 | 7,880   |   |                    |   | 229    |                 |   |   | 1,946 |   |   |   | 158 |   |   |   | 9,826 |   |   |   | 387 |   |
| Trust Preferred CDO Securities                  |   |                 | -       |   |                    |   | -      |                 |   |   | 5,467 |   |   |   | 4,087 |   |   |   | 5,467 |   |   |   | 4,087 |   |
| Equity Securities                               |   |                 | -       |   |                    |   | -      |                 |   |   | 324 |   |   |   | 216 |   |   |   | 324 |   |   |   | 216 |   |
|                                            |   | $                    | 139,338 |   |                    | $      | 2,104  |                 |   | $ | 7,737 |   |   | $ | 4,461 |   |   | $ | 147,075 |   |   | $ | 6,565 |   |

|                                             |   | Less than 12 months  |   |   | 12 months or longer     |   |   | Total                |   |
|--------------------------------------------------|--------|----------------------|--------|--------|-------------------------|--------|--------|----------------------|--------|
|                                             |   | Aggregate Fair Value |   |   | Gross Unrealized Losses |   |   | Aggregate Fair Value |   |   | Gross Unrealized Losses |   |   | Aggregate Fair Value |   |   | Gross Unrealized Losses |   |
| Obligations of United States Government Agencies |   | $                    | 83,030 |   |                    | $      | 2,264  |                 |   | $ | - |   |   | $ | - |   |   | $ | 83,030 |   |   | $ | 2,264 |   |
| Obligations of States andPolitical Subdivisions  |   |                 | 12,192 |   |                    |   | 296    |                 |   |   | 1,931 |   |   |   | 174 |   |   |   | 14,123 |   |   |   | 470 |   |
| Trust Preferred CDO Securities                   |   |                 | -      |   |                    |   | -      |                 |   |   | 5,188 |   |   |   | 4,375 |   |   |   | 5,188 |   |   |   | 4,375 |   |
| Equity Securities                                |   |                 | -      |   |                    |   | -      |                 |   |   | 324 |   |   |   | 216 |   |   |   | 324 |   |   |   | 216 |   |
|                                             |   | $                    | 95,222 |   |                    | $      | 2,560  |                 |   | $ | 7,443 |   |   | $ | 4,765 |   |   | $ | 102,665 |   |   | $ | 7,325 |   |

----

----

|                                                         |   | March 31, 2011 |    |   | December 31, 2010 |   |
|--------------------------------------------------------------|--------|----------------|---------|--------|-------------------|--------|
|                                                         |   | Carrying       |    |   | Estimated         |   |   | Carrying |   |   | Estimated |   |
|                                                         |   | Value          |    |   | Fair Value        |   |   | Value |   |   | Fair Value |   |
| Financial Assets:                                            |   |           |    |   |              |   |   |   |   |   |   |   |
|  Cash and due from banks                                |   | $              | 67,916  |   |              | $      | 67,916 |   |   | $ | 86,300 |   |   | $ | 86,300 |   |
|  Securities - Held to Maturity                          |   |           | 23,201  |   |              |   | 23,182 |   |   |   | 23,804 |   |   |   | 23,842 |   |
|  Securities - Available for Sale                        |   |           | 345,918 |   |              |   | 345,918 |   |   |   | 289,365 |   |   |   | 289,365 |   |
|  Federal Home Loan Bank Stock                           |   |           | 11,831  |   |              |   | 11,831 |   |   |   | 11,831 |   |   |   | 11,831 |   |
|  Loans Held for Sale                                    |   |           | 784     |   |              |   | 784 |   |   |   | 973 |   |   |   | 973 |   |
|  Loans, net                                             |   |           | 705,292 |   |              |   | 721,275 |   |   |   | 731,664 |   |   |   | 755,312 |   |
|  Accrued Interest Receivable                            |   |           | 4,463   |   |              |   | 4,463 |   |   |   | 3,912 |   |   |   | 3,912 |   |
|                                                         |   |           |    |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Financial Liabilities:                                       |   |           |    |   |              |   |   |   |   |   |   |   |   |   |   |   |
|  Demand, NOW, savings and money market savings deposits |   |           | 650,136 |   |              |   | 650,136 |   |   |   | 631,997 |   |   |   | 631,997 |   |
|  Other Time Deposits                                    |   |           | 395,005 |   |              |   | 399,841 |   |   |   | 399,896 |   |   |   | 405,736 |   |
|  Borrowed funds                                         |   |           |    |   |              |   |   |   |   |   |   |   |   |   |   |   |
|  Variable Rate FHLB Advances                            |   |           | 110,000 |   |              |   | 114,311 |   |   |   | 110,000 |   |   |   | 115,045 |   |
|  Fixed Rate FHLB Advances                               |   |           | 3,500   |   |              |   | 3,520 |   |   |   | 3,500 |   |   |   | 3,567 |   |
|  Putable FHLB Advances                                  |   |           | -       |   |              |   | - |   |   |   | - |   |   |   | - |   |
|  Repurchase Agreements                                  |   |           | 30,000  |   |              |   | 33,485 |   |   |   | 30,000 |   |   |   | 33,796 |   |
|  Notes Payable                                          |   |           | 135     |   |              |   | 135 |   |   |   | 135 |   |   |   | 135 |   |
| Accrued Interest Payable                                     |   |           | 911     |   |              |   | 911 |   |   |   | 882 |   |   |   | 882 |   |

----

| Investment Securities Available for Sale         |   | Quoted Prices in Active Markets for Identical Assets (Level 1) |    |   | Significant Other Observable Inputs (Level 2) |   |   | Significant Unobservable Inputs (Level 3) |   |   | Balance at 3/31/2011 |   |
|--------------------------------------------------|--------|----------------------------------------------------------------|---------|--------|-----------------------------------------------|--------|--------|-------------------------------------------|--------|--------|----------------------|--------|
| Obligations of U.S. Government Agencies          |   | $                                                              | 323,047 |   |                                          | $      | -      |                                      |   | $      | -                    |   |   | $ | 323,047 |   |
| Obligations of States and Political Subdivisions |   |                                                           | -       |   |                                          |   | 14,981 |                                      |   |   | -                    |   |   |   | 14,981 |   |
| Trust Preferred CDO Securities                   |   |                                                           | -       |   |                                          |   | -      |                                      |   |   | 5,467                |   |   |   | 5,467 |   |
| Other Securities                                 |   |                                                           | 2,099   |   |                                          |   | 324    |                                      |   |   | -                    |   |   |   | 2,423 |   |
| Total Securities Available for Sale              |   | $                                                              | 325,146 |   |                                          | $      | 15,305 |                                      |   | $      | 5,467                |   |   | $ | 345,918 |   |

| Investment Securities Available for Sale         |   | Quoted Prices in Active Markets for Identical Assets (Level 1) |    |   | Significant Other Observable Inputs (Level 2) |   |   | Significant Unobservable Inputs (Level 3) |   |   | Balance at 12/31/2010 |   |
|--------------------------------------------------|--------|----------------------------------------------------------------|---------|--------|-----------------------------------------------|--------|--------|-------------------------------------------|--------|--------|-----------------------|--------|
| Obligations of U.S. Government Agencies          |   | $                                                              | 267,035 |   |                                          | $      | -      |                                      |   | $      | -                     |   |   | $ | 267,035 |   |
| Obligations of States and Political Subdivisions |   |                                                           | -       |   |                                          |   | 14,725 |                                      |   |   | -                     |   |   |   | 14,725 |   |
| Trust Preferred CDO Securities                   |   |                                                           | -       |   |                                          |   | -      |                                      |   |   | 5,188                 |   |   |   | 5,188 |   |
| Other Securities                                 |   |                                                           | 2,093   |   |                                          |   | 324    |                                      |   |   | -                     |   |   |   | 2,417 |   |
| Total Securities Available for Sale              |   | $                                                              | 269,128 |   |                                          | $      | 15,049 |                                      |   | $      | 5,188                 |   |   | $ | 289,365 |   |

| Investment Securities - Available for Sale                                    |   | 2011   |   |   | 2010   |   |
|-------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
| Balance at January 1                                                          |   | $      | 5,188  |   |   | $      | 7,215 |   |
|   Total realized and unrealized gains (losses) included in income        |   |   | -      |   |   |   | - |   |
|   Total unrealized gains (losses) included in other comprehensive income |   |   | 279    |   |   |   | 150 |   |
|   Net purchases, sales, calls and maturities                             |   |   | -      |   |   |   | (3,920 | ) |
|   Net transfers in/out of Level 3                                        |   |   | -      |   |   |   | - |   |
| Balance at March 31                                                           |   | $      | 5,467  |   |   | $      | 3,445 |   |

----

|                    |   | Balance at March 31, 2011 |   |   | Quoted Prices in Active Markets forIdentical Assets (Level 1) |   |   | Significant OtherObservable Inputs(Level 2) |   |   | Significant Unobservable Inputs (Level 3) |   |
|-------------------------|--------|---------------------------|--------|--------|---------------------------------------------------------------|--------|--------|---------------------------------------------|--------|--------|-------------------------------------------|--------|
| Impaired loans          |   | $                         | 74,377 |   |                                                          | $      | -      |                                        |   | $      | -                                         |   |   | $ | 74,377 |   |
| Other Real Estate Owned |   | $                         | 22,620 |   |                                                          | $      | -      |                                        |   | $      | -                                         |   |   | $ | 22,620 |   |

|                    |   | Balance atDecember 31,2010 |   |   | Quoted Prices inActive Markets forIdentical Assets(Level 1) |   |   | Significant OtherObservable Inputs(Level 2) |   |   | SignificantUnobservableInputs (Level 3) |   |
|-------------------------|--------|----------------------------|--------|--------|-------------------------------------------------------------|--------|--------|---------------------------------------------|--------|--------|-----------------------------------------|--------|
| Impaired loans          |   | $                          | 78,538 |   |                                                        | $      | -      |                                        |   | $      | -                                       |   |   | $ | 78,538 |   |
| Other Real Estate Owned |   | $                          | 19,432 |   |                                                        | $      | -      |                                        |   | $      | -                                       |   |   | $ | 19,432 |   |

|                                                       |   | Contractual Amount |   |
|------------------------------------------------------------|--------|--------------------|--------|
|                                                       |   | March 31,          |   |   | December 31, |   |
|                                                       |   | 2011               |   |   | 2010 |   |
| Commitments to extend credit:                              |   |               |   |   |   |   |
| Unused portion of commercial lines of credit               |   | $                  | 63,453 |   |   | $ | 59,238 |   |
| Unused portion of credit card lines of credit              |   |               | 2,968  |   |   |   | 2,987 |   |
| Unused portion of home equity lines of credit              |   |               | 16,108 |   |   |   | 15,905 |   |
| Standby letters of credit and financial guarantees written |   |               | 4,650  |   |   |   | 4,710 |   |
| All other off-balance sheet commitments                    |   |               | 2,994  |   |   |   | - |   |

----

----

----

----

----

|                                   |   | Actual |   |   | Minimum to Qualify as Well Capitalized |   |
|----------------------------------------|--------|--------|--------|--------|----------------------------------------|--------|
|                                   |   | Amount |   |   | Ratio                                  |   |   | Amount |   |   | Ratio |   |
| As of March 31, 2011:                  |   |   |   |   |                                   |   |   |   |   |   |   |   |
| Total Capital to Risk-Weighted Assets  |   |   |   |   |                                   |   |   |   |   |   |   |   |
|    Consolidated              |   | $      | 85,011 |   |                                   |   | 9.91 | % |   | $ | 85,749 |   |   |   | 10 | % |
|    Monroe Bank & Trust   |   |   | 84,421 |   |                                   |   | 9.85 | % |   |   | 85,690 |   |   |   | 10 | % |
| Tier 1 Capital to Risk-Weighted Assets |   |   |   |   |                                   |   |   |   |   |   |   |   |   |   |   |   |
|    Consolidated              |   |   | 74,132 |   |                                   |   | 8.65 | % |   |   | 51,450 |   |   |   | 6 | % |
|    Monroe Bank & Trust   |   |   | 73,511 |   |                                   |   | 8.58 | % |   |   | 51,414 |   |   |   | 6 | % |
| Tier 1 Capital to Average Assets       |   |   |   |   |                                   |   |   |   |   |   |   |   |   |   |   |   |
|    Consolidated              |   |   | 74,132 |   |                                   |   | 5.81 | % |   |   | 63,764 |   |   |   | 5 | % |
|    Monroe Bank & Trust   |   |   | 73,511 |   |                                   |   | 5.77 | % |   |   | 63,736 |   |   |   | 5 | % |

|                                   |   | Actual |   |   | Minimum to Qualify as Well Capitalized |   |
|----------------------------------------|--------|--------|--------|--------|----------------------------------------|--------|
|                                   |   | Amount |   |   | Ratio                                  |   |   | Amount |   |   | Ratio |   |
| As of December 31, 2010:               |   |   |   |   |                                   |   |   |   |   |   |   |   |
| Total Capital to Risk-Weighted Assets  |   |   |   |   |                                   |   |   |   |   |   |   |   |
|    Consolidated              |   | $      | 89,270 |   |                                   |   | 10.24 | % |   | $ | 87,196 |   |   |   | 10 | % |
|    Monroe Bank & Trust   |   |   | 88,440 |   |                                   |   | 10.15 | % |   |   | 87,120 |   |   |   | 10 | % |
| Tier 1 Capital to Risk-Weighted Assets |   |   |   |   |                                   |   |   |   |   |   |   |   |   |   |   |   |
|    Consolidated              |   |   | 78,239 |   |                                   |   | 8.97 | % |   |   | 52,318 |   |   |   | 6 | % |
|    Monroe Bank & Trust   |   |   | 77,383 |   |                                   |   | 8.88 | % |   |   | 52,272 |   |   |   | 6 | % |
| Tier 1 Capital to Average Assets       |   |   |   |   |                                   |   |   |   |   |   |   |   |   |   |   |   |
|    Consolidated              |   |   | 78,239 |   |                                   |   | 6.24 | % |   |   | 62,705 |   |   |   | 5 | % |
|    Monroe Bank & Trust   |   |   | 77,383 |   |                                   |   | 6.17 | % |   |   | 62,672 |   |   |   | 5 | % |

----

----

| 3.1    |   | Restated Articles of Incorporation of MBT Financial Corp. Previously filed as Exhibit 3.1 to MBT Financial Corp.’s Form 10-K for its fiscal year ended December 31, 2000.                                                                                                                    |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                               |
| 3.2    |   | Amended and Restated Bylaws of MBT Financial Corp. Previously filed as Exhibit 3.2 to MBT Financial Corp.’s Form 10-Q for its quarter ended March 31, 2008.                                                                                                                                  |
|   |   |                                                                                                                                                                                                                                                                                               |
| 10.0   |   | Consent Order dated July 12, 2010 by and among Monroe Bank & Trust, the Federal Deposit Insurance Corporation, and the Michigan Office of Financial and Insurance Regulation (incorporated by reference to the Current Report on Form 8-K filed by the Company with the SEC on July 13, 2010). |
|   |   |                                                                                                                                                                                                                                                                                               |
| 31.1   |   | Certification by Chief Executive Officer required by Securities and Exchange Commission Rule 13a-14.                                                                                                                                                                                               |
|   |   |                                                                                                                                                                                                                                                                                               |
| 31.2   |   | Certification by Chief Financial Officer required by Securities and Exchange Commission Rule 13a-14.                                                                                                                                                                                               |
|   |   |                                                                                                                                                                                                                                                                                               |
| 32.1   |   | Certification by Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as enacted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                 |
|   |   |                                                                                                                                                                                                                                                                                               |
| 32.2   |   | Certification by Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as enacted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                 |

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|         | MBT Financial Corp. (Registrant) |                                    |
|--------------|----------------------------------|-----------------------------------------|
|         |                             |                                    |   |
| May 16, 2011 | By                               | /s/ H. Douglas Chaffin             |   |
| Date         |                             | H. Douglas Chaffin                      |   |
|         |                             | President & Chief Executive Officer |   |
|         |                             |                                    |   |

|         |   |                                                |
|--------------|--------|-----------------------------------------------------|
|         |   |                                                |   |
| May 16, 2011 | By     | /s/ John L. Skibski                       |   |
| Date         |   | John L. Skibski                                     |   |
|         |   | Executive Vice President andChief Financial Officer |   |
|         |   |                                                |   |

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| Exhibit Number |   | Description of Exhibits                                                                                                                            |
|----------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.1           |   | Certification by Chief Executive Officer required by Securities and Exchange Commission Rule 13a-14.                                               |
| 31.2           |   | Certification by Chief Financial Officer required by Securities and Exchange Commission Rule 13a-14.                                               |
| 32.1           |   | Certification by Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as enacted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
| 32.2           |   | Certification by Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as enacted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |

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