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

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

|                                                               |  JACKSONVILLE BANCORP, INC. |   |
|--------------------------------------------------------------------|----------------------------------|--------|
|   (Exact name of registrant as specified in its charter) |

| Maryland                                                            |   |  36-4670835                       |
|---------------------------------------------------------------------|--------|----------------------------------------|
|  (State or other jurisdiction ofincorporation or organization) |   | (I.R.S. EmployerIdentification Number) |

| 1211 West Morton Avenue, Jacksonville, Illinois |   | 62650            |
|-------------------------------------------------|--------|------------------|
|  (Address of principal executive offices)  |   |  (Zip Code) |

|                          |  Title of each class |                               |   | Name of each exchange on which registered |
|-------------------------------|---------------------------|------------------------------------|--------|-------------------------------------------|
|                          |                      |                               |
| Common Stock, $0.01 par value |                      |  The NASDAQ Stock Market, LLC |

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| TABLE OF CONTENTS  |
|-------------------------|
| ITEM 1.                 | Business |   | 2 |
| ITEM 1A.                | Risk Factors |   | 39 |
| ITEM 1B.                | Unresolved Staff Comments |   | 45 |
| ITEM 2.                 | Properties |   | 46 |
| ITEM 3.                 | Legal Proceedings |   | 46 |
| ITEM 4.                 | Reserved |   | 46 |
| ITEM 5.                 | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities |   | 46 |
| ITEM 6.                 | Selected Financial Data |   | 47 |
| ITEM 7.                 | Management’s Discussion and Analysis of Financial Condition and Results of Operations |   | 47 |
| ITEM 7A.                | Quantitative and Qualitative Disclosures about Market Risk |   | 47 |
| ITEM 8.                 | Financial Statements and Supplementary Data |   | 47 |
| ITEM 9.                 | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure |   | 47 |
| ITEM 9A.                | Controls and Procedures |   | 47 |
| ITEM 9B.                | Other Information |   | 48 |
| ITEM 10.                | Directors, Executive Officers and Corporate Governance |   | 48 |
| ITEM 11.                | Executive Compensation |   | 48 |
| ITEM 12.                | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters |   | 49 |
| ITEM 13.                | Certain Relationships and Related Transactions and Director Independence |   | 49 |
| ITEM 14.                | Principal Accountant Fees and Services |   | 49 |
| ITEM 15.                | Exhibits and Financial Statement Schedules |   | 49 |

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ITEM 1.

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|                                                                                                      |   | At December 31,        |    |
|-----------------------------------------------------------------------------------------------------------|--------|------------------------|---------|
|                                                                                                      |   | 2010                   |    |   | 2009 |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |
|                                                                                                      |   | Amount                 |    |   | Percent |   |   | Amount |   |   | Percent |   |   | Amount |   |   | Percent |   |   | Amount |   |   | Percent |   |   | Amount |   |   | Percent |   |
|                                                                                                      |   | (Dollars in Thousands) |    |
| Real estate loans:                                                                                        |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   One- to four-family residential (1)                                                           |   | $                      | 37,227  |   |   |   | 21.1 | % |   | $ | 38,581 |   |   |   | 22.2 | % |   | $ | 46,807 |   |   |   | 25.6 | % |   | $ | 50,459 |   |   |   | 28.7 | % |   | $ | 40,635 |   |   |   | 26.2 | % |
|   Commercial and agricultural (2)                                                               |   |                   | 69,147  |   |   |   | 39.2 |   |   |   | 56,650 |   |   |   | 32.6 |   |   |   | 56,516 |   |   |   | 30.9 |   |   |   | 44,100 |   |   |   | 25.1 |   |   |   | 39,592 |   |   |   | 25.6 |   |
|   Multi-family residential                                                                      |   |                   | 4,378   |   |   |   | 2.4 |   |   |   | 4,344 |   |   |   | 2.5 |   |   |   | 4,518 |   |   |   | 2.5 |   |   |   | 4,741 |   |   |   | 2.7 |   |   |   | 5,877 |   |   |   | 3.8 |   |
|     Total real estate loans                                                           |   |                   | 110,752 |   |   |   | 62.7 |   |   |   | 99,575 |   |   |   | 57.3 |   |   |   | 107,841 |   |   |   | 59.0 |   |   |   | 99,300 |   |   |   | 56.5 |   |   |   | 86,104 |   |   |   | 55.6 |   |
|                                                                                                      |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial and agricultural business loans                                                                |   |                   | 30,987  |   |   |   | 17.6 |   |   |   | 34,393 |   |   |   | 19.8 |   |   |   | 35,356 |   |   |   | 19.3 |   |   |   | 36,539 |   |   |   | 20.8 |   |   |   | 32,837 |   |   |   | 21.2 |   |
| Consumer loans:                                                                                           |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Home equity/home improvement (3)                                                              |   |                   | 19,526  |   |   |   | 11.1 |   |   |   | 28,119 |   |   |   | 16.2 |   |   |   | 30,002 |   |   |   | 16.4 |   |   |   | 30,087 |   |   |   | 17.1 |   |   |   | 27,202 |   |   |   | 17.6 |   |
|   Automobile                                                                                    |   |                   | 6,213   |   |   |   | 3.5 |   |   |   | 6,118 |   |   |   | 3.5 |   |   |   | 5,842 |   |   |   | 3.2 |   |   |   | 5,334 |   |   |   | 3.0 |   |   |   | 5,275 |   |   |   | 3.4 |   |
|   Other                                                                                         |   |                   | 11,977  |   |   |   | 6.8 |   |   |   | 7,837 |   |   |   | 4.5 |   |   |   | 5,950 |   |   |   | 3.2 |   |   |   | 6,402 |   |   |   | 3.6 |   |   |   | 5,313 |   |   |   | 3.4 |   |
|     Total consumer loans                                                              |   |                   | 37,716  |   |   |   | 21.4 |   |   |   | 42,074 |   |   |   | 24.2 |   |   |   | 41,794 |   |   |   | 22.8 |   |   |   | 41,823 |   |   |   | 23.7 |   |   |   | 37,790 |   |   |   | 24.4 |   |
|       Total loans receivable                                                |   |                   | 179,455 |   |   |   | 101.7 |   |   |   | 176,042 |   |   |   | 101.3 |   |   |   | 184,991 |   |   |   | 101.1 |   |   |   | 177,662 |   |   |   | 101.0 |   |   |   | 156,731 |   |   |   | 101.2 |   |
|                                                                                                      |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Less:                                                                                                     |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Unearned premium on purchased loans, unearned discount and deferred loan fees, net |   |                   | 49      |   |   |   | — |   |   |   | 69 |   |   |   | — |   |   |   | 109 |   |   |   | — |   |   |   | 29 |   |   |   | — |   |   |   | 29 |   |   |   | — |   |
|   Allowance for loan losses                                                                     |   |                   | 2,964   |   |   |   | 1.7 |   |   |   | 2,290 |   |   |   | 1.3 |   |   |   | 1,934 |   |   |   | 1.1 |   |   |   | 1,766 |   |   |   | 1.0 |   |   |   | 1,864 |   |   |   | 1.2 |   |
|     Total loans receivable, net                                                       |   | $                      | 176,442 |   |   |   | 100.0 | % |   | $ | 173,683 |   |   |   | 100.0 | % |   | $ | 182,948 |   |   |   | 100.0 | % |   | $ | 175,867 |   |   |   | 100.0 | % |   | $ | 154,838 |   |   |   | 100.0 | % |

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| (1) | Includes one- to four-family real estate construction loans of $503,000, $54,000, $596,000, $352,000 and $183,000 for the years ended December 31, 2010, 2009, 2008, 2007 and 2006, respectively. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Includes commercial and agricultural real estate construction loans of $2.1 million, $4.2 million, $2.5 million, $472,000 and $0 for the years ended December 31, 2010, 2009, 2008, 2007 and 2006, respectively. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Includes real estate construction loans of $453,000, $3.6 million, $1.1 million, $1.4 million and $370,000 for the years ended December 31, 2010, 2009, 2008, 2007 and 2006, respectively. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                    |   | One- to Four-Family RealEstate |   |   | Commercial andAgricultural Real Estate |   |   | Multi-Family Real Estate |   |   | Commercial andAgricultural Business |   |
|-----------------------------------------|--------|--------------------------------|--------|--------|----------------------------------------|--------|--------|--------------------------|--------|--------|-------------------------------------|--------|
|                                    |   | Amount                         |   |   | WeightedAverageRate                    |   |   | Amount                   |   |   | WeightedAverageRate                 |   |   | Amount |   |   | WeightedAverageRate |   |   | Amount |   |   | WeightedAverageRate |   |
|                                    |   | (Dollars in Thousands)         |   |
| Due During the YearsEnding December 31, |   |                           |   |   |                                   |   |   |                     |   |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 2011                                    |   | $                              | 5,121  |   |                                   |   | 7.17   | %                        |   | $      | 8,957                               |   |   |   | 5.63 | % |   | $ | 193 |   |   |   | 7.50 | % |   | $ | 13,689 |   |   |   | 5.28 | % |
| 2012                                    |   |                           | 3,593  |   |                                   |   | 7.28   |                     |   |   | 4,473                               |   |   |   | 6.13 |   |   |   | 146 |   |   |   | 6.50 |   |   |   | 4,004 |   |   |   | 4.85 |   |
| 2013                                    |   |                           | 4,855  |   |                                   |   | 6.76   |                     |   |   | 7,067                               |   |   |   | 5.86 |   |   |   | — |   |   |   | — |   |   |   | 4,566 |   |   |   | 5.82 |   |
| 2014 to 2015                            |   |                           | 2,801  |   |                                   |   | 6.93   |                     |   |   | 6,638                               |   |   |   | 5.61 |   |   |   | 108 |   |   |   | 6.39 |   |   |   | 6,002 |   |   |   | 5.81 |   |
| 2016 to 2020                            |   |                           | 3,265  |   |                                   |   | 5.79   |                     |   |   | 5,385                               |   |   |   | 5.65 |   |   |   | 71 |   |   |   | 7.04 |   |   |   | 1,307 |   |   |   | 5.97 |   |
| 2021 to 2025                            |   |                           | 3,517  |   |                                   |   | 6.24   |                     |   |   | 9,541                               |   |   |   | 5.35 |   |   |   | 146 |   |   |   | 5.25 |   |   |   | 530 |   |   |   | 5.35 |   |
| 2026 and beyond                         |   |                           | 14,075 |   |                                   |   | 6.14   |                     |   |   | 27,086                              |   |   |   | 5.58 |   |   |   | 3,714 |   |   |   | 5.75 |   |   |   | 889 |   |   |   | 7.12 |   |
|                                    |   |                           |   |   |                                   |   |   |                     |   |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                   |   | $                              | 37,227 |   |                                   |   | 6.51   | %                        |   | $      | 69,147                              |   |   |   | 5.63 | % |   | $ | 4,378 |   |   |   | 5.87 | % |   | $ | 30,987 |   |   |   | 5.49 | % |

|                                    |   | Home Equity/HomeImprovement |   |   | Automobile          |   |   | Other Consumer |   |   | Total               |   |
|-----------------------------------------|--------|-----------------------------|--------|--------|---------------------|--------|--------|----------------|--------|--------|---------------------|--------|
|                                    |   | Amount                      |   |   | WeightedAverageRate |   |   | Amount         |   |   | WeightedAverageRate |   |   | Amount |   |   | WeightedAverageRate |   |   | Amount |   |   | WeightedAverageRate |   |
|                                    |   | (Dollars in Thousands)      |   |
| Due During the YearsEnding December 31, |   |                        |   |   |                |   |   |           |   |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 2011                                    |   | $                           | 3,913  |   |                |   | 6.98   | %              |   | $      | 415                 |   |   |   | 8.05 | % |   | $ | 4,032 |   |   |   | 6.05 | % |   | $ | 36,320 |   |   |   | 5.96 | % |
| 2012                                    |   |                        | 2,557  |   |                |   | 7.40   |           |   |   | 836                 |   |   |   | 8.02 |   |   |   | 776 |   |   |   | 7.91 |   |   |   | 16,385 |   |   |   | 6.41 |   |
| 2013                                    |   |                        | 3,085  |   |                |   | 6.80   |           |   |   | 1,665               |   |   |   | 7.64 |   |   |   | 948 |   |   |   | 7.67 |   |   |   | 22,186 |   |   |   | 6.39 |   |
| 2014 to 2015                            |   |                        | 3,903  |   |                |   | 6.91   |           |   |   | 3,163               |   |   |   | 7.37 |   |   |   | 1,137 |   |   |   | 7.61 |   |   |   | 23,752 |   |   |   | 6.36 |   |
| 2016 to 2020                            |   |                        | 4,612  |   |                |   | 6.69   |           |   |   | 134                 |   |   |   | 6.75 |   |   |   | 962 |   |   |   | 7.43 |   |   |   | 15,736 |   |   |   | 6.12 |   |
| 2021 to 20245                           |   |                        | 916    |   |                |   | 6.96   |           |   |   | —             |   |   |   | — |   |   |   | 1,569 |   |   |   | 8.23 |   |   |   | 16,219 |   |   |   | 5.91 |   |
| 2026 and beyond                         |   |                        | 540    |   |                |   | 6.98   |           |   |   | —             |   |   |   | — |   |   |   | 2,553 |   |   |   | 8.90 |   |   |   | 48,857 |   |   |   | 5.96 |   |
|                                    |   |                        |   |   |                |   |   |           |   |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                   |   | $                           | 19,526 |   |                |   | 6.92   | %              |   | $      | 6,213               |   |   |   | 7.56 | % |   | $ | 11,977 |   |   |   | 7.45 | % |   | $ | 179,455 |   |   |   | 6.12 | % |

|                                                                                                                                                                                                                                                                                                                                                     |   | Due after December 31, 2011 |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                     |   | Fixed                       |   |   | Adjustable |   |   | Total |   |
|                                                                                                                                                                                                                                                                                                                                                     |   | (In Thousands)              |   |
| Real estate loans:                                                                                                                                                                                                                                                                                                                                       |   |                        |   |   |   |   |   |   |   |
| One- to four-family residential                                                      |   | $                           | 22,124 |   |   | $ | 9,982 |   |   | $ | 32,106 |   |
| Commercial and agricultural                                                          |   |                        | 16,810 |   |   |   | 43,380 |   |   |   | 60,190 |   |
| Multi-family residential                                                             |   |                        | 254    |   |   |   | 3,931 |   |   |   | 4,185 |   |
| Commercial and agricultural business loans                                                                                                                                                                                                                                                                                                               |   |                        | 11,967 |   |   |   | 5,331 |   |   |   | 17,298 |   |
| Consumer loans                                                        |   |                        |   |   |   |   |   |   |   |   |   |   |
| Home equity/home improvement                                                                                                                                                                                                                                                                                                                             |   |                        | 9,899  |   |   |   | 5,714 |   |   |   | 15,613 |   |
| Automobile                                                                           |   |                        | 5,798  |   |   |   | — |   |   |   | 5,798 |   |
| Other                                                                                |   |                        | 7,353  |   |   |   | 592 |   |   |   | 7,945 |   |
| Total loans                                                           |   | $                           | 74,205 |   |   | $ | 68,930 |   |   | $ | 143,135 |   |

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|                                                                                                                                                                                                                                                                                                                                                                                             |   | For the Years Ended December 31, |    |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------|---------|
|                                                                                                                                                                                                                                                                                                                                                                                             |   | 2010                             |    |   | 2009 |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |
|                                                                                                                                                                                                                                                                                                                                                                                             |   | (In Thousands)                   |    |
|                                                                                                                                                                                                                                                                                                                                                                                             |   |                             |    |
| Total loans receivable at beginning of year                                                                                                                                                                                                                                                                                                                                                      |   | $                                | 176,042 |   |   | $ | 184,991 |   |   | $ | 177,662 |   |   | $ | 156,731 |   |   | $ | 144,293 |   |
| Originations:                                                                                                                                                                                                                                                                                                                                                                                    |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Real estate loans:                                                                                                                                                                                                                                                                                                                                                                               |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| One- to four-family residential                                                                                              |   |                             | 54,052  |   |   |   | 72,109 |   |   |   | 38,717 |   |   |   | 30,104 |   |   |   | 25,708 |   |
| Commercial and agricultural                                                                                                  |   |                             | 25,140  |   |   |   | 9,163 |   |   |   | 23,038 |   |   |   | 8,897 |   |   |   | 10,808 |   |
| Multi-family residential                                                                                                     |   |                             | 360     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 1,862 |   |
| Commercial and agricultural business loans                                                                                                                                                                                                                                                                                                                                                       |   |                             | 26,621  |   |   |   | 27,295 |   |   |   | 31,027 |   |   |   | 29,404 |   |   |   | 31,510 |   |
| Consumer loans:                                                                                                                                                                                                                                                                                                                                                                                  |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Home equity/home improvement                                                                                                                                                                                                                                                                                                                                                                     |   |                             | 5,073   |   |   |   | 11,698 |   |   |   | 20,133 |   |   |   | 19,309 |   |   |   | 17,874 |   |
| Automobile                                                                                                                   |   |                             | 4,303   |   |   |   | 4,017 |   |   |   | 4,188 |   |   |   | 3,777 |   |   |   | 4,336 |   |
| Other                                                                                                                        |   |                             | 12,052  |   |   |   | 7,206 |   |   |   | 5,072 |   |   |   | 6,360 |   |   |   | 4,916 |   |
| Total originations                                                                                                                          |   |                             | 127,601 |   |   |   | 131,488 |   |   |   | 122,175 |   |   |   | 97,851 |   |   |   | 97,014 |   |
| Participation loans purchased                                                             |   |                             | 4,328   |   |   |   | 2,113 |   |   |   | 11,569 |   |   |   | 6,231 |   |   |   | 3,736 |   |
| Transfer of mortgage loans to foreclosed real estate owned                                                                                                                                                                                                                                                                                                                                       |   |                             | 670     |   |   |   | 308 |   |   |   | 667 |   |   |   | 819 |   |   |   | 329 |   |
| Repayments                                                                                |   |                             | 80,471  |   |   |   | 75,542 |   |   |   | 95,671 |   |   |   | 72,176 |   |   |   | 71,422 |   |
| Loan sales to secondary market                                                            |   |                             | 47,375  |   |   |   | 66,700 |   |   |   | 30,077 |   |   |   | 10,156 |   |   |   | 16,561 |   |
| Total loans receivable at end of year                                                                                                                                                                                                                                                                                                                                                            |   | $                                | 179,455 |   |   | $ | 176,042 |   |   | $ | 184,991 |   |   | $ | 177,662 |   |   | $ | 156,731 |   |

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|                                                                                                                                                                                                                         |   | At December 31,        |    |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|---------|
|                                                                                                                                                                                                                         |   | 2010                   |    |   | 2009 |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |
|                                                                                                                                                                                                                         |   | (Dollars in Thousands) |    |
| Non-accrual loans:                                                                                                                                                                                                           |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Real estate loans:                                                                                                                                                                                                           |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |
| One- to four-family residential                                                                                                                                                                                              |   | $                      | 1,019   |   |   | $ | 484 |   |   | $ | 445 |   |   | $ | 310 |   |   | $ | 435 |   |
| Commercial and agricultural                                                                                                                                                                                                  |   |                   | 1,249   |   |   |   | 98 |   |   |   | 34 |   |   |   | 218 |   |   |   | 100 |   |
| Multi-family residential                                                                                                                                                                                                     |   |                   | 110     |   |   |   | 132 |   |   |   | 152 |   |   |   | — |   |   |   | — |   |
| Commercial and agricultural business loans                                                                                                                                                                                   |   |                   | 85      |   |   |   | 416 |   |   |   | 48 |   |   |   | 82 |   |   |   | 704 |   |
| Consumer loans:                                                                                                                                                                                                              |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Home equity/home improvement                                                                                                                                                                                                 |   |                   | 566     |   |   |   | 407 |   |   |   | 318 |   |   |   | 89 |   |   |   | 100 |   |
| Automobile                                    |   |                   | 8       |   |   |   | 8 |   |   |   | 3 |   |   |   | 12 |   |   |   | 1 |   |
| Other                                         |   |                   | 98      |   |   |   | 52 |   |   |   | 5 |   |   |   | 12 |   |   |   | 8 |   |
|                                                                                                                                                                                                                         |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total non-accrual loans                                                                                                                                                                                                      |   |                   | 3,135   |   |   |   | 1,597 |   |   |   | 1,005 |   |   |   | 723 |   |   |   | 1,348 |   |
|                                                                                                                                                                                                                         |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans delinquent 90 days or greater and still accruing:                                                                                                                                                                      |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Real estate loans:                                                                                                                                                                                                           |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| One- to four-family residential                                                                                                                                                                                              |   |                   | — |   |   |   | 349 |   |   |   | 163 |   |   |   | 203 |   |   |   | — |   |
| Commercial and agricultural                                                                                                                                                                                                  |   |                   | — |   |   |   | — |   |   |   | — |   |   |   | 156 |   |   |   | — |   |
| Multi-family residential                                                                                                                                                                                                     |   |                   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Commercial and agricultural business loans                                                                                                                                                                                   |   |                   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Consumer loans:                                                                                                                                                                                                              |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Home equity/home improvement                                                                                                                                                                                                 |   |                   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Automobile                                    |   |                   | — |   |   |   | 3 |   |   |   | 18 |   |   |   | — |   |   |   | — |   |
| Other                                         |   |                   | — |   |   |   | 5 |   |   |   | 5 |   |   |   | 9 |   |   |   | 4 |   |
|                                                                                                                                                                                                                         |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total loans delinquent 90 days or greater and still accruing                                                                                                                                                                 |   |                   | — |   |   |   | 357 |   |   |   | 186 |   |   |   | 368 |   |   |   | 4 |   |
|                                                                                                                                                                                                                         |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total non-performing loans                                                                                                                                                                                                   |   |                   | 3,135   |   |   |   | 1,954 |   |   |   | 1,191 |   |   |   | 1,091 |   |   |   | 1,352 |   |
|                                                                                                                                                                                                                         |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other real estate owned and foreclosed assets:                                                                                                                                                                               |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Real estate loans:                                                                                                                                                                                                           |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| One- to four-family residential                                                                                                                                                                                              |   |                   | 207     |   |   |   | 324 |   |   |   | 565 |   |   |   | 115 |   |   |   | 37 |   |
| Commercial and agricultural                                                                                                                                                                                                  |   |                   | 253     |   |   |   | 59 |   |   |   | 204 |   |   |   | 249 |   |   |   | 115 |   |
| Multi-family residential                                                                                                                                                                                                     |   |                   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Commercial and agricultural business loans                                                                                                                                                                                   |   |                   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Consumer loans:                                                                                                                                                                                                              |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Home equity/home improvement                                                                                                                                                                                                 |   |                   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Automobile                                    |   |                   | — |   |   |   | — |   |   |   | 9 |   |   |   | 23 |   |   |   | — |   |
| Other                                         |   |                   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
|                                                                                                                                                                                                                         |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total  other real estate owned and foreclosed assets                                                                                                                                                               |   |                   | 460     |   |   |   | 383 |   |   |   | 778 |   |   |   | 387 |   |   |   | 152 |   |
|                                                                                                                                                                                                                         |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total non-performing assets                                                                                                                                                                                                  |   | $                      | 3,595   |   |   | $ | 2,337 |   |   | $ | 1,969 |   |   | $ | 1,478 |   |   | $ | 1,504 |   |
|                                                                                                                                                                                                                         |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratios:                                                                                                                                                                                                                      |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-performing loans to total loans                                                                                                                                                                                          |   |                   | 1.75    | % |   |   | 1.11 | % |   |   | 0.64 | % |   |   | 0.61 | % |   |   | 0.86 | % |
| Non-performing assets to total assets                                                                                                                                                                                        |   |                   | 1.19    | % |   |   | 0.81 | % |   |   | 0.68 | % |   |   | 0.51 | % |   |   | 0.56 | % |

----

|                                                                                                                                                                                                                         |   | Loans Delinquent For   |    |   |             |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|---------|--------|------------------|--------|
|                                                                                                                                                                                                                         |   | 60-89 Days             |    |   | 90 Days and Over |   |   | Total |   |
|                                                                                                                                                                                                                         |   | Number                 |    |   | Amount           |   |   | Number |   |   | Amount |   |   | Number |   |   | Amount |   |
|                                                                                                                                                                                                                         |   | (Dollars in Thousands) |    |
|                                                                                                                                                                                                                         |   |                   |    |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |
| At December 31, 2010                                                                                                                                                                                                         |   |                   |    |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Real estate loans:                                                                                                                                                                                                           |   |                   |    |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |
| One- to four-family residential                                                                                                                                                                                              |   |                   | 4       |   |             | $      | 162 |   |   |   | 15 |   |   | $ | 847 |   |   |   | 19 |   |   | $ | 1,009 |   |
| Commercial and agricultural                                                                                                                                                                                                  |   |                   | 2       |   |             |   | 146 |   |   |   | 2 |   |   |   | 521 |   |   |   | 4 |   |   |   | 667 |   |
| Multi-family residential                                                                                                                                                                                                     |   |                   | — |   |             |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Commercial and agricultural business loans                                                                                                                                                                                   |   |                   | — |   |             |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Consumer loans:                                                                                                                                                                                                              |   |                   |    |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Home equity/home improvement                                                                                                                                                                                                 |   |                   | 2       |   |             |   | 10 |   |   |   | 9 |   |   |   | 275 |   |   |   | 11 |   |   |   | 285 |   |
| Automobile                                    |   |                   | 1       |   |             |   | 2 |   |   |   | 2 |   |   |   | 4 |   |   |   | 3 |   |   |   | 6 |   |
| Other                                         |   |                   | 5       |   |             |   | 75 |   |   |   | 2 |   |   |   | 5 |   |   |   | 7 |   |   |   | 80 |   |
|                                                                                                                                                                                                                         |   |                   |    |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total loans                                                                                                                                                                                                                  |   |                   | 14      |   |             | $      | 395 |   |   |   | 30 |   |   | $ | 1,652 |   |   |   | 44 |   |   | $ | 2,047 |   |
|                                                                                                                                                                                                                         |   |                   |    |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| At December 31, 2009                                                                                                                                                                                                         |   |                   |    |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Real estate loans:                                                                                                                                                                                                           |   |                   |    |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| One- to four-family residential                                                                                                                                                                                              |   |                   | 6       |   |             | $      | 214 |   |   |   | 12 |   |   | $ | 744 |   |   |   | 18 |   |   | $ | 958 |   |
| Commercial and agricultural                                                                                                                                                                                                  |   |                   | 2       |   |             |   | 543 |   |   |   | 1 |   |   |   | 20 |   |   |   | 3 |   |   |   | 563 |   |
| Multi-family residential                                                                                                                                                                                                     |   |                   | — |   |             |   | — |   |   |   | 1 |   |   |   | 132 |   |   |   | 1 |   |   |   | 132 |   |
| Commercial and agricultural business loans                                                                                                                                                                                   |   |                   | 1       |   |             |   | 14 |   |   |   | 2 |   |   |   | 84 |   |   |   | 3 |   |   |   | 98 |   |
| Consumer loans:                                                                                                                                                                                                              |   |                   |    |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Home equity/home improvement                                                                                                                                                                                                 |   |                   | 3       |   |             |   | 42 |   |   |   | 10 |   |   |   | 194 |   |   |   | 13 |   |   |   | 236 |   |
| Automobile                                    |   |                   | 2       |   |             |   | 7 |   |   |   | 1 |   |   |   | 3 |   |   |   | 3 |   |   |   | 10 |   |
| Other                                         |   |                   | 4       |   |             |   | 1 |   |   |   | 8 |   |   |   | 32 |   |   |   | 12 |   |   |   | 33 |   |
|                                                                                                                                                                                                                         |   |                   |    |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total loans                                                                                                                                                                                                                  |   |                   | 18      |   |             | $      | 821 |   |   |   | 35 |   |   | $ | 1,209 |   |   |   | 53 |   |   | $ | 2,030 |   |
|                                                                                                                                                                                                                         |   |                   |    |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| At December 31, 2008                                                                                                                                                                                                         |   |                   |    |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Real estate loans:                                                                                                                                                                                                           |   |                   |    |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| One- to four-family residential                                                                                                                                                                                              |   |                   | 4       |   |             | $      | 436 |   |   |   | 15 |   |   | $ | 695 |   |   |   | 19 |   |   | $ | 1,131 |   |
| Commercial and agricultural                                                                                                                                                                                                  |   |                   | — |   |             |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Multi-family residential                                                                                                                                                                                                     |   |                   | — |   |             |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Commercial and agricultural business loans                                                                                                                                                                                   |   |                   | — |   |             |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Consumer loans:                                                                                                                                                                                                              |   |                   |    |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Home equity/home improvement                                                                                                                                                                                                 |   |                   | 7       |   |             |   | 102 |   |   |   | 9 |   |   |   | 188 |   |   |   | 16 |   |   |   | 290 |   |
| Automobile                                    |   |                   | 5       |   |             |   | 22 |   |   |   | 5 |   |   |   | 18 |   |   |   | 10 |   |   |   | 40 |   |
| Other                                         |   |                   | 9       |   |             |   | 32 |   |   |   | 7 |   |   |   | 6 |   |   |   | 16 |   |   |   | 38 |   |
|                                                                                                                                                                                                                         |   |                   |    |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total loans                                                                                                                                                                                                                  |   |                   | 25      |   |             | $      | 592 |   |   |   | 36 |   |   | $ | 907 |   |   |   | 61 |   |   | $ | 1,499 |   |
|                                                                                                                                                                                                                         |   |                   |    |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| At December 31, 2007                                                                                                                                                                                                         |   |                   |    |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Real estate loans:                                                                                                                                                                                                           |   |                   |    |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| One- to four-family residential                                                                                                                                                                                              |   |                   | 1       |   |             | $      | 79 |   |   |   | 12 |   |   | $ | 610 |   |   |   | 13 |   |   | $ | 689 |   |
| Commercial and agricultural                                                                                                                                                                                                  |   |                   | — |   |             |   | — |   |   |   | 1 |   |   |   | 102 |   |   |   | 1 |   |   |   | 102 |   |
| Multi-family residential                                                                                                                                                                                                     |   |                   | — |   |             |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Commercial and agricultural business loans                                                                                                                                                                                   |   |                   | — |   |             |   | — |   |   |   | 2 |   |   |   | 115 |   |   |   | 2 |   |   |   | 115 |   |
| Consumer loans:                                                                                                                                                                                                              |   |                   |    |   |             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Home equity/home improvement                                                                                                                                                                                                 |   |                   | 5       |   |             |   | 76 |   |   |   | 4 |   |   |   | 78 |   |   |   | 9 |   |   |   | 154 |   |
| Automobile                                    |   |                   | 4       |   |             |   | 21 |   |   |   | 3 |   |   |   | 15 |   |   |   | 7 |   |   |   | 36 |   |
| Other                                         |   |                   | 3       |   |             |   | 23 |   |   |   | 4 |   |   |   | 6 |   |   |   | 7 |   |   |   | 29 |   |

----

|                                                                                                                                                                                                                         |   | Loans Delinquent For         |    |   |                   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|---------|--------|------------------------|--------|
|                                                                                                                                                                                                                         |   |  60-89 Days             |    |   |  90 Days and Over |   |   |  Total |   |
|                                                                                                                                                                                                                         |   |  Number                 |    |   |  Amount           |   |   |  Number |   |   |  Amount |   |   |  Number |   |   |  Amount |   |
|                                                                                                                                                                                                                         |   | (Dollars in Thousands)  |    |
| Total loans                                                                                                                                                                                                                  |   |                         | 13      |   |                   | $      | 199 |   |   |   | 26 |   |   | $ | 926 |   |   |   | 39 |   |   | $ | 1,125 |   |
|                                                                                                                                                                                                                         |   |                         |    |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| At December 31, 2006                                                                                                                                                                                                         |   |                         |    |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Real estate loans:                                                                                                                                                                                                           |   |                         |    |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| One- to four-family residential                                                                                                                                                                                              |   |                         | 9       |   |                   | $      | 323 |   |   |   | 6 |   |   | $ | 270 |   |   |   | 15 |   |   | $ | 593 |   |
| Commercial and agricultural                                                                                                                                                                                                  |   |                         | — |   |                   |   | — |   |   |   | 2 |   |   |   | 145 |   |   |   | 2 |   |   |   | 145 |   |
| Multi-family residential                                                                                                                                                                                                     |   |                         | — |   |                   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Commercial and agricultural business loans                                                                                                                                                                                   |   |                         | — |   |                   |   | — |   |   |   | 1 |   |   |   | 659 |   |   |   | 1 |   |   |   | 659 |   |
| Consumer loans:                                                                                                                                                                                                              |   |                         |    |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Home equity/home improvement                                                                                                                                                                                                 |   |                         | 7       |   |                   |   | 146 |   |   |   | 5 |   |   |   | 191 |   |   |   | 12 |   |   |   | 337 |   |
| Automobile                                    |   |                         | 2       |   |                   |   | 1 |   |   |   | 1 |   |   |   | 1 |   |   |   | 3 |   |   |   | 2 |   |
| Other                                         |   |                         | 2       |   |                   |   | 7 |   |   |   | 2 |   |   |   | 7 |   |   |   | 4 |   |   |   | 14 |   |
|                                                                                                                                                                                                                         |   |                         |    |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total loans                                                                                                                                                                                                                  |   |                         | 20      |   |                   | $      | 477 |   |   |   | 17 |   |   | $ | 1,273 |   |   |   | 37 |   |   | $ | 1,750 |   |

----

|                                        |   | 12/31/10       |   |   | 12/31/09 |   |
|---------------------------------------------|--------|----------------|--------|--------|----------|--------|
|                                        |   | (In Thousands) |   |
| Special Mention loans                       |   | $              | 3,943  |   |     | $      | 6,489 |   |
| Substandard loans                           |   |           | 6,975  |   |     |   | 4,865 |   |
| Total Special Mention and Substandard loans |   | $              | 10,918 |   |     | $      | 11,354 |   |

|   | ● | changes in lending policies and procedures, including underwriting standards and collection practices; |
|--------|---------|--------------------------------------------------------------------------------------------------------|

|   | ● | changes in national and local economic and business conditions and developments, including the condition of various market segments; |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------|

----

|   | ● | changes in the nature and volume of the loan portfolio; |
|--------|---------|---------------------------------------------------------|

|   | ● | changes in the experience, ability and depth of management and the lending staff; |
|--------|---------|-----------------------------------------------------------------------------------|

|   | ● | changes in the trend of the volume and severity of the past due, nonaccrual, and classified loans; |
|--------|---------|----------------------------------------------------------------------------------------------------|

|   | ● | changes in the quality of our loan review system and the degree of oversight by the board of directors; |
|--------|---------|---------------------------------------------------------------------------------------------------------|

|   | ● | the existence of any concentrations of credit, and changes in the level of such concentrations; and |
|--------|---------|-----------------------------------------------------------------------------------------------------|

|   | ● | the effect of external factors, such as competition and legal and regulatory requirements on the level of estimated credit losses in our current portfolio. |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                                                                                                                                                                                                                                                              |   | For the Years Ended December 31, |    |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------|---------|
|                                                                                                                                                                                                                                                                                                                                              |   | 2010                             |    |   | 2009 |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |
|                                                                                                                                                                                                                                                                                                                                              |   | (Dollars in Thousands)           |    |
|                                                                                                                                                                                                                                                                                                                                              |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance at beginning of year                                                       |   | $                                | 2,290   |   |   | $ | 1,934 |   |   | $ | 1,766 |   |   | $ | 1,864 |   |   | $ | 1,846 |   |
|                                                                                                                                                                                                                                                                                                                                              |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Charge-offs:                                                                                                                                                                                                                                                                                                                                      |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| One- to four-family residential                                                                                                                                                                                                                                                                                                                   |   |                             | 99      |   |   |   | 147 |   |   |   | 149 |   |   |   | 165 |   |   |   | 55 |   |
| Commercial and agricultural real estate                                                                                                                                                                                                                                                                                                           |   |                             | 787     |   |   |   | 112 |   |   |   | — |   |   |   | 38 |   |   |   | 30 |   |
| Commercial and agricultural business                                                                                                                                                                                                                                                                                                              |   |                             | 144     |   |   |   | 1,883 |   |   |   | — |   |   |   | 35 |   |   |   | 16 |   |
| Home equity/home improvement                                                                                                                                                                                                                                                                                                                      |   |                             | 88      |   |   |   | 58 |   |   |   | 46 |   |   |   | 18 |   |   |   | 101 |   |
| Automobile                                                                                        |   |                             | 4       |   |   |   | 20 |   |   |   | 8 |   |   |   | — |   |   |   | 2 |   |
| Other consumer                                                                                    |   |                             | 7       |   |   |   | 23 |   |   |   | 3 |   |   |   | 45 |   |   |   | 14 |   |
| Total charge-offs                                                                                 |   |                             | 1,129   |   |   |   | 2,243 |   |   |   | 206 |   |   |   | 301 |   |   |   | 218 |   |
|                                                                                                                                                                                                                                                                                                                                              |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Recoveries:                                                                                                                                                                                                                                                                                                                                       |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| One- to four-family residential                                                                                                                                                                                                                                                                                                                   |   |                             | 21      |   |   |   | 1 |   |   |   | 14 |   |   |   | 5 |   |   |   | 78 |   |
| Commercial and agricultural real estate                                                                                                                                                                                                                                                                                                           |   |                             | 25      |   |   |   | 4 |   |   |   | 15 |   |   |   | 6 |   |   |   | 8 |   |
| Commercial and agricultural business                                                                                                                                                                                                                                                                                                              |   |                             | 6       |   |   |   | — |   |   |   | 16 |   |   |   | — |   |   |   | — |   |
| Home equity/home improvement                                                                                                                                                                                                                                                                                                                      |   |                             | 13      |   |   |   | 4 |   |   |   | 4 |   |   |   | 3 |   |   |   | 34 |   |
| Automobile                                                                                        |   |                             | 7       |   |   |   | 7 |   |   |   | 5 |   |   |   | 13 |   |   |   | 17 |   |
| Other consumer                                                                                    |   |                             | 6       |   |   |   | 8 |   |   |   | 10 |   |   |   | 21 |   |   |   | 39 |   |
| Total  recoveries                                                                       |   |                             | 78      |   |   |   | 24 |   |   |   | 64 |   |   |   | 48 |   |   |   | 176 |   |
|                                                                                                                                                                                                                                                                                                                                              |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loans charge-offs                                                              |   |                             | 1,051   |   |   |   | 2,219 |   |   |   | 142 |   |   |   | 253 |   |   |   | 42 |   |
| Additions charged to operations                                                    |   |                             | 1,725   |   |   |   | 2,575 |   |   |   | 310 |   |   |   | 155 |   |   |   | 60 |   |
|                                                                                                                                                                                                                                                                                                                                              |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance at end of year                                                             |   | $                                | 2,964   |   |   | $ | 2,290 |   |   | $ | 1,934 |   |   | $ | 1,766 |   |   | $ | 1,864 |   |
|                                                                                                                                                                                                                                                                                                                                              |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total loans outstanding                                                            |   | $                                | 179,455 |   |   | $ | 176,042 |   |   | $ | 184,991 |   |   | $ | 177,662 |   |   | $ | 156,731 |   |
| Average net loans outstanding                                                      |   | $                                | 177,840 |   |   | $ | 182,813 |   |   | $ | 177,963 |   |   | $ | 165,715 |   |   | $ | 149,238 |   |
|                                                                                                                                                                                                                                                                                                                                              |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Allowance for loan losses as a percentage of total loans at end of year                                                                                                                                                                                                                                                                           |   |                             | 1.65    | % |   |   | 1.29 | % |   |   | 1.05 | % |   |   | 0.99 | % |   |   | 1.19 | % |
| Net loans charged off as a percent of average net loans outstanding                                                                                                                                                                                                                                                                               |   |                             | 0.59    | % |   |   | 1.21 | % |   |   | 0.08 | % |   |   | 0.15 | % |   |   | 0.03 | % |
| Allowance for loan losses to non-performing loans                                                                                                                                                                                                                                                                                                 |   |                             | 94.56   | % |   |   | 117.20 | % |   |   | 162.47 | % |   |   | 161.90 | % |   |   | 137.90 | % |
| Allowance for loan losses to total non-performing assets at end of year                                                                                                                                                                                                                                                                           |   |                             | 82.46   | % |   |   | 97.99 | % |   |   | 98.22 | % |   |   | 119.49 | % |   |   | 123.94 | % |

----

|                                                                                                                                                                                                                                                               |   | At December 31,   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|--------|
|                                                                                                                                                                                                                                                               |   | 2010                   |   |   | 2009 |   |   | 2008 |   |
|                                                                                                                                                                                                                                                               |   | Amount                 |   |   | Percent ofLoans in EachCategory toTotal Loans |   |   | Amount |   |   | Percent ofLoans in EachCategory toTotal Loans |   |   | Amount |   |   | Percent ofLoans in EachCategory toTotal Loans |   |
|                                                                                                                                                                                                                                                               |   | (Dollars in Thousands) |   |
|                                                                                                                                                                                                                                                               |   |                   |   |
| One- to four-family residential                                                                                                                                                                                                                                    |   | $                      | 561    |   |   |   | 20.7 | % |   | $ | 392 |   |   |   | 21.9 | % |   | $ | 510 |   |   |   | 25.3 | % |
| Commercial and agricultural real estate                                                                                                                                                                                                                            |   |                   | 1,232  |   |   |   | 38.5 |   |   |   | 739 |   |   |   | 32.2 |   |   |   | 537 |   |   |   | 30.6 |   |
| Multi-family residential                                        |   |                   | 55     |   |   |   | 2.4 |   |   |   | 73 |   |   |   | 2.5 |   |   |   | 12 |   |   |   | 2.4 |   |
| Commercial and agricultural business                                                                                                                                                                                                                               |   |                   | 531    |   |   |   | 17.3 |   |   |   | 653 |   |   |   | 19.5 |   |   |   | 304 |   |   |   | 19.1 |   |
| Home equity/home improvement                                                                                                                                                                                                                                       |   |                   | 300    |   |   |   | 10.9 |   |   |   | 249 |   |   |   | 16.0 |   |   |   | 301 |   |   |   | 16.2 |   |
| Automobile                                                      |   |                   | 36     |   |   |   | 3.5 |   |   |   | 26 |   |   |   | 3.5 |   |   |   | 33 |   |   |   | 3.2 |   |
| Other consumer                                                  |   |                   | 128    |   |   |   | 6.7 |   |   |   | 62 |   |   |   | 4.4 |   |   |   | 52 |   |   |   | 3.2 |   |
| Unallocated                                                                    |   |                   | 121    |   |   |   | — |   |   |   | 96 |   |   |   | — |   |   |   | 185 |   |   |   | — |   |
| Total                                                                          |   | $                      | 2,964  |   |   |   | 100 | % |   | $ | 2,290 |   |   |   | 100 | % |   | $ | 1,934 |   |   |   | 100 | % |

|                                                                                                                                                                                                                                                               |   | At December 31,   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|--------|
|                                                                                                                                                                                                                                                               |   | 2007                   |   |   | 2006 |   |
|                                                                                                                                                                                                                                                               |   | Amount                 |   |   | Percent ofLoans in EachCategory toTotal Loans |   |   | Amount |   |   | Percent ofLoans in EachCategory toTotal Loans |   |
|                                                                                                                                                                                                                                                               |   | (Dollars in Thousands) |   |
|                                                                                                                                                                                                                                                               |   |                   |   |   |   |   |
| One- to four-family residential                                                                                                                                                                                                                                    |   | $                      | 595    |   |   |   | 28.4 | % |   | $ | 512 |   |   |   | 25.9 | % |
| Commercial and agricultural real estate                                                                                                                                                                                                                            |   |                   | 346    |   |   |   | 24.8 |   |   |   | 244 |   |   |   | 25.3 |   |
| Multi-family residential                                        |   |                   | 28     |   |   |   | 2.7 |   |   |   | 37 |   |   |   | 3.7 |   |
| Commercial and agricultural business                                                                                                                                                                                                                               |   |                   | 146    |   |   |   | 20.6 |   |   |   | 275 |   |   |   | 21.0 |   |
| Home equity/home improvement                                                                                                                                                                                                                                       |   |                   | 465    |   |   |   | 16.9 |   |   |   | 561 |   |   |   | 17.3 |   |
| Automobile                                                      |   |                   | 74     |   |   |   | 3.0 |   |   |   | 96 |   |   |   | 3.4 |   |
| Other consumer                                                  |   |                   | 112    |   |   |   | 3.6 |   |   |   | 139 |   |   |   | 3.4 |   |
| Total                                                                          |   |                   | 1,766  |   |   |   | 100 | % |   | $ | 1,864 |   |   |   | 100 | % |

----

----

|                                                                                                                                                                                |   | At December 31, |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------|--------|
|                                                                                                                                                                                |   | 2010            |   |   | 2009 |   |   | 2008 |   |
|                                                                                                                                                                                |   | AmortizedCost   |   |   | Fair Value |   |   | AmortizedCost |   |   | Fair Value |   |   | AmortizedCost |   |   | Fair Value |   |
|                                                                                                                                                                                |   | (In Thousands)  |   |
|                                                                                                                                                                                |   |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mortgage-backed securities:                                                                                                                                                         |   |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fannie Mae                                                                                                                                                                          |   | $               | 14,908 |   |   | $ | 14,694 |   |   | $ | 10,646 |   |   | $ | 10,855 |   |   | $ | 14,422 |   |   | $ | 14,654 |   |
| Freddie Mac                                                                                                                                                                         |   |            | 7,380  |   |   |   | 7,396 |   |   |   | 6,938 |   |   |   | 7,096 |   |   |   | 6,085 |   |   |   | 6,192 |   |
| Ginnie Mae                                                                                                                                                                          |   |            | 19,691 |   |   |   | 19,905 |   |   |   | 22,844 |   |   |   | 23,034 |   |   |   | 6,877 |   |   |   | 6,949 |   |
| Total mortgage-backed securities                                                                                                                                                    |   |            | 41,979 |   |   |   | 41,995 |   |   |   | 40,428 |   |   |   | 40,985 |   |   |   | 27,384 |   |   |   | 27,795 |   |
| U.S. government and agencies                                                                                                                                                        |   |            | 12,531 |   |   |   | 12,549 |   |   |   | 9,037 |   |   |   | 9,080 |   |   |   | 19,472 |   |   |   | 19,834 |   |
| Municipal bonds                                                                                                                                                                     |   |            | 40,585 |   |   |   | 40,323 |   |   |   | 27,661 |   |   |   | 28,116 |   |   |   | 30,067 |   |   |   | 29,805 |   |
|                                                                                                                                                                                |   |            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                              |   | $               | 95,095 |   |   | $ | 94,867 |   |   | $ | 77,126 |   |   | $ | 78,181 |   |   | $ | 76,923 |   |   | $ | 77,434 |   |

----

|                             |   |   One Year or Less             |    |   | More than One Yearthrough Five Years |   |    | More than Five Yearsthrough Ten Years |   |   |   More than Ten Years |   |   |   Total Securities |    |
|----------------------------------|--------|-------------------------------------|---------|--------|--------------------------------------|--------|---------|---------------------------------------|--------|--------|----------------------------|--------|--------|-------------------------|---------|
|                             |   |   AmortizedCost                |    |   | WeightedAverageYield                 |   |    |   AmortizedCost                  |   |   | WeightedAverageYield       |   |   |   AmortizedCost    |    |   | WeightedAverageYield |   |   |   AmortizedCost |   |   | WeightedAverageYield |   |   |   AmortizedCost |   |   |   Fair Value |   |   | WeightedAverageYield |   |
|                             |   |    (Dollars in Thousands) |    |
|                             |   |                                |    |   |                                 |   |    |                                  |   |   |                       |   |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mortgage-backed securities:      |   |                                |    |   |                                 |   |    |                                  |   |   |                       |   |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fannie Mae                       |   | $                                   | — |   |                                 |   | — | %                                     |   | $      | —                    |   |   |                    | — | % |   | $ | — |   |   |   | — | % |   | $ | 14,908 |   |   |   | 3.64 | % |   | $ | 14,908 |   |   | $ | 14,694 |   |   |   | 3.64 | % |
| FreddieMac                       |   |                                | — |   |                                 |   | — |                                  |   |   | —                    |   |   |                    | — |   |   |   | — |   |   |   | — |   |   |   | 7,380 |   |   |   | 3.63 |   |   |   | 7,380 |   |   |   | 7,396 |   |   |   | 3.63 |   |
| Ginnie Mae                       |   |                                | — |   |                                 |   | — |                                  |   |   | —                    |   |   |                    | — |   |   |   | — |   |   |   | — |   |   |   | 19,691 |   |   |   | 3.26 |   |   |   | 19,691 |   |   |   | 19,905 |   |   |   | 3.26 |   |
| Total mortgage-backed securities |   |                                | — |   |                                 |   | — |                                  |   |   | —                    |   |   |                    | — |   |   |   | — |   |   |   | — |   |   |   | 41,979 |   |   |   | 3.46 |   |   |   | 41,979 |   |   |   | 41,995 |   |   |   | 3.46 |   |
| U.S. government and agencies     |   |                                | — |   |                                 |   | — |                                  |   |   | 8,475                      |   |   |                    | 2.42    |   |   |   | 2,511 |   |   |   | 2.81 |   |   |   | 1,545 |   |   |   | 2.99 |   |   |   | 12,531 |   |   |   | 12,549 |   |   |   | 2.57 |   |
| Municipal bonds(1)               |   |                                | 92      |   |                                 |   | 2.24    |                                  |   |   | 5,133                      |   |   |                    | 2.88    |   |   |   | 19,670 |   |   |   | 3.56 |   |   |   | 15,690 |   |   |   | 4.15 |   |   |   | 40,585 |   |   |   | 40,323 |   |   |   | 3.70 |   |
|                             |   |                                |    |   |                                 |   |    |                                  |   |   |                       |   |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                            |   | $                                   | 92      |   |                                 |   | 2.24    | %                                     |   | $      | 13,608                     |   |   |                    | 2.60    | % |   | $ | 22,181 |   |   |   | 3.48 | % |   | $ | 59,214 |   |   |   | 3.63 | % |   | $ | 95,095 |   |   | $ | 94,867 |   |   |   | 3.45 | % |

----

| (1) | We used an assumed 34% tax rate in computing tax equivalent adjustments. The tax equivalent yield of municipal bonds was 3.40% for maturities of one year or less, 4.27% for maturities of more than one year through five years, 5.32% for maturities for more than five years through ten years, 6.10% for maturities of more than 10 years and 5.49% for the total municipal bonds securities portfolio at December 31, 2010. The tax equivalent adjustments to interest income of municipal bonds was $1,000 for maturities of one year or less, $71,000 for maturities of more than one year through five years, $346,000 for maturities for more than five years through ten years, $306,000 for maturities of more than 10 years and $724,000 for the total municipal bonds securities portfolio for the year ended December 31, 2010. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|                          |   |    For the Years Ended December 31, |    |
|-------------------------------|--------|-----------------------------------------------|---------|
|                          |   |    2010                             |    |    2009 |   |    2008 |   |
|                          |   |   AverageBalance                         |    |   |   Percent |   |   |   WeightedAverageRate |   |   |   AverageBalance |   |   |   Percent |   |   |   WeightedAverageRate |   |   |   AverageBalance |   |   |   Percent |   |   |   WeightedAverageRate |   |
|                          |   |    (Dollars in Thousands)           |
|                          |   |                                          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Deposit type:                 |   |                                          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-interest bearing checking |   | $                                             | 21,769  |   |   |   | 8.5 | % |   |   | — | % |   | $ | 19,791 |   |   |   | 7.8 | % |   |   | — | % |   | $ | 18,479 |   |   |   | 7.5 | % |   |   | — | % |
| Interest-bearing checking     |   |                                          | 31,164  |   |   |   | 12.2 |   |   |   | 0.32 | % |   |   | 29,009 |   |   |   | 11.4 |   |   |   | 0.32 | % |   |   | 28,572 |   |   |   | 11.6 |   |   |   | 0.70 | % |
| Savings accounts              |   |                                          | 26,686  |   |   |   | 10.4 |   |   |   | 0.66 | % |   |   | 24,849 |   |   |   | 9.8 |   |   |   | 0.88 | % |   |   | 22,677 |   |   |   | 9.2 |   |   |   | 0.99 | % |
| Money market deposits         |   |                                          | 5,431   |   |   |   | 2.1 |   |   |   | 0.79 | % |   |   | 4,616 |   |   |   | 1.8 |   |   |   | 0.86 | % |   |   | 4,700 |   |   |   | 1.9 |   |   |   | 1.06 | % |
| Money market savings          |   |                                          | 27,058  |   |   |   | 10.5 |   |   |   | 0.95 | % |   |   | 26,750 |   |   |   | 10.5 |   |   |   | 1.41 | % |   |   | 24,442 |   |   |   | 9.9 |   |   |   | 2.39 | % |
| Certificates of deposit       |   |                                          | 144,362 |   |   |   | 56.3 |   |   |   | 2.33 | % |   |   | 149,124 |   |   |   | 58.7 |   |   |   | 3.08 | % |   |   | 147,891 |   |   |   | 59.9 |   |   |   | 4.13 | % |
|                          |   |                                          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total deposits      |   | $                                             | 256,470 |   |   |   | 100.00 | % |   |   | 1.54 | % |   | $ | 254,139 |   |   |   | 100.00 | % |   |   | 2.09 | % |   | $ | 246,761 |   |   |   | 100.00 | % |   |   | 2.90 | % |

|                                                                                                                          |   | At December 31, |    |
|-------------------------------------------------------------------------------------------------------------------------------|--------|-----------------|---------|
|                                                                                                                          |   | 2010            |    |   | 2009 |   |   | 2008 |   |
|                                                                                                                          |   | (In Thousands)  |    |
|                                                                                                                          |   |            |    |   |   |   |   |   |   |
| Interest Rate:                                                                                                                |   |            |    |   |   |   |   |   |   |
| Less than 2.00%                                                                                                               |   | $               | 99,136  |   |   | $ | 51,683 |   |   | $ | 1,006 |   |
| 2.00% to 2.99%                                                                                                                |   |            | 21,161  |   |   |   | 40,734 |   |   |   | 36,001 |   |
| 3.00% to 3.99%                                                                                                                |   |            | 19,486  |   |   |   | 37,674 |   |   |   | 67,714 |   |
| 4.00% to 4.99%                                                                                                                |   |            | 2,858   |   |   |   | 6,677 |   |   |   | 17,269 |   |
| 5.00% to 5.99%                                                                                                                |   |            | 2,638   |   |   |   | 8,852 |   |   |   | 18,420 |   |
| 6.00% to 6.99%                                                                                                                |   |            | — |   |   |   | — |   |   |   | 86 |   |
|                                                                                                                          |   |            |    |   |   |   |   |   |   |   |   |   |
| Total                     |   | $               | 145,279 |   |   | $ | 145,620 |   |   | $ | 140,496 |   |

----

|                                                                                                                          |   |    At December 31, 2010 |   |
|-------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------|--------|
|                                                                                                                          |   |    Period to Maturity   |   |
|                                                                                                                          |   | Less Than orEqual toOne Year      |   |   | More ThanOne toTwo Years |   |   | More ThanTwo toThree Years |   |   |   More ThanThree Years |   |   |   Total |   |   |   Percent ofTotal |   |
|                                                                                                                          |   |                              |   |   |   |   |   |  (Dollars in Thousands) |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                          |   |                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest Rate Range:                                                                                                          |   |                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Less than 2.00%                                                                                                               |   | $                                 | 76,790 |   |   | $ | 21,198 |   |   | $ | 1,016 |   |   | $ | 132 |   |   | $ | 99,136 |   |   |   | 68.2 | % |
| 2.00% to 2.99%                                                                                                                |   |                              | 9,075  |   |   |   | 2,648 |   |   |   | 1,741 |   |   |   | 7,697 |   |   |   | 21,161 |   |   |   | 14.6 |   |
| 3.00% to 3.99%                                                                                                                |   |                              | 5,412  |   |   |   | 1,817 |   |   |   | 981 |   |   |   | 11,276 |   |   |   | 19,486 |   |   |   | 13.4 |   |
| 4.00% to 4.99%                                                                                                                |   |                              | 1,586  |   |   |   | 965 |   |   |   | 307 |   |   |   | — |   |   |   | 2,858 |   |   |   | 2.0 |   |
| 5.00% to 5.99%                                                                                                                |   |                              | 1,646  |   |   |   | 547 |   |   |   | 445 |   |   |   | — |   |   |   | 2,638 |   |   |   | 1.8 |   |
|                                                                                                                          |   |                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                     |   | $                                 | 94,509 |   |   | $ | 27,175 |   |   | $ | 4,490 |   |   | $ | 19,105 |   |   | $ | 145,279 |   |   |   | 100.00 | % |

|                                                                                                                                                                                                                                                                                                                                                       |   | At December 31, 2010 |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                       |   | (In Thousands)       |   |
|                                                                                                                                                                                                                                                                                                                                                       |   |                 |   |
| Three months or less                                                              |   | $                    | 11,944 |   |
| Over three months through six months                                                                                                                                                                                                                                                                                                                       |   |                 | 11,408 |   |
| Over six months through one year                                                                                                                                                                                                                                                                                                                           |   |                 | 15,953 |   |
| Over one year to three years                                                      |   |                 | 8,798  |   |
| Over three years                                                                  |   |                 | 11,811 |   |
|                                                                                                                                                                                                                                                                                                                                                       |   |                 |   |   |
| Total                                                                             |   | $                    | 59,914 |   |

----

|                                            |   | At or For the Years Ended December 31, |    |
|-------------------------------------------------|--------|----------------------------------------|---------|
|                                            |   | 2010                                   |    |   | 2009 |   |   | 2008 |   |
|                                            |   | (Dollars in thousands)                 |    |
|                                            |   |                                   |    |   |   |   |   |   |   |
| Balance at end of period                        |   | $                                      | — |   |   | $ | — |   |   | $ | 13,500 |   |
| Average balance during period                   |   | $                                      | — |   |   | $ | 5,349 |   |   | $ | 12,029 |   |
| Maximum outstanding at any month end            |   | $                                      | — |   |   | $ | 10,000 |   |   | $ | 21,000 |   |
| Weighted average interest rate at end of period |   |                                   | — | % |   |   | — | % |   |   | 2.59 | % |
| Average interest rate during period             |   |                                   | — | % |   |   | 1.94 | % |   |   | 3.91 | % |

|                                            |   | At or For the Years Ended December 31, |   |
|-------------------------------------------------|--------|----------------------------------------|--------|
|                                            |   | 2010                                   |   |   | 2009 |   |   | 2008 |   |
|                                            |   | (Dollars in thousands)                 |   |
|                                            |   |                                   |   |   |   |   |   |   |   |
| Balance at end of period                        |   | $                                      | 4,018  |   |   | $ | 3,789 |   |   | $ | 7,633 |   |
| Average balance during period                   |   | $                                      | 2,847  |   |   | $ | 5,168 |   |   | $ | 6,031 |   |
| Maximum outstanding at any month end            |   | $                                      | 4,018  |   |   | $ | 6,920 |   |   | $ | 7,633 |   |
| Weighted average interest rate at end of period |   |                                   | 0.46   | % |   |   | 0.19 | % |   |   | 0.03 | % |
| Average interest rate during period             |   |                                   | 0.39   | % |   |   | 0.24 | % |   |   | 1.29 | % |

----

----

----

----

|   | (i) | be made on terms that are substantially the same as, and follow credit underwriting procedures that are not less stringent than, those prevailing for comparable transactions with unaffiliated persons and that do not involve more than the normal risk of repayment or present other unfavorable features, and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | not exceed certain limitations on the amount of credit extended to such persons, individually and in the aggregate, which limits are based, in part, on the amount of Jacksonville Savings Bank’s capital. |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

|   | ● | Truth-In-Lending Act, governing disclosures of credit terms to consumer borrowers; |
|--------|---------|------------------------------------------------------------------------------------|

|   | ● | Home Mortgage Disclosure Act, requiring financial institutions to provide information to enable the public and public officials to determine whether a financial institution is fulfilling its obligation to help meet the housing needs of the community it serves; |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ● | Equal Credit Opportunity Act, prohibiting discrimination on the basis of race, creed or other prohibited factors in extending credit; |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------|

|   | ● | Fair Credit Reporting Act, governing the use and provision of information to credit reporting agencies; |
|--------|---------|---------------------------------------------------------------------------------------------------------|

|   | ● | Fair Debt Collection Act, governing the manner in which consumer debts may be collected by collection agencies; |
|--------|---------|-----------------------------------------------------------------------------------------------------------------|

|   | ● | Truth in Savings Act; |
|--------|---------|-----------------------|

|   | ● | Illinois High Risk Home Loan Act, which protects borrowers who enter into high risk home loans; |
|--------|---------|-------------------------------------------------------------------------------------------------|

|   | ● | Illinois Predatory Lending Database Program, which helps provide counseling for homebuyers in connection with certain loans; and |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------|

|   | ● | rules and regulations of the various federal and state agencies charged with the responsibility of implementing such laws. |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------|

|   | ● | Right to Financial Privacy Act, which imposes a duty to maintain confidentiality of consumer financial records and prescribes procedures for complying with administrative subpoenas of financial records; |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ● | Electronic Funds Transfer Act and Regulation E promulgated thereunder, which govern automatic deposits to and withdrawals from deposit accounts and customers’ rights and liabilities arising from the use of automated teller machines and other electronic banking services; |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | ● | Check Clearing for the 21st Century Act (also known as “Check 21”), which gives “substitute checks,” such as digital check images and copies made from that image, the same legal standing as the original paper check; |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ● | The USA PATRIOT Act, which requires savings banks operating to, among other things, establish broadened anti-money laundering compliance programs, due diligence policies and controls to ensure the detection and reporting of money laundering. Such required compliance programs are intended to supplement existing compliance requirements, also applicable to financial institutions, under the Bank Secrecy Act and the Office of Foreign Assets Control regulations; and |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ● | The Gramm-Leach-Bliley Act, which places limitations on the sharing of consumer financial information by financial institutions with unaffiliated third parties. Specifically, the Gramm-Leach-Bliley Act requires all financial institutions offering financial products or services to retail customers to provide such customers with the financial institution’s privacy policy and provide such customers the opportunity to “opt out” of the sharing of certain personal financial information with unaffiliated third parties. |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

----

ITEM 1A. 

----

----

----

|   | ● | demand for our products and services may decline; |
|--------|---------|---------------------------------------------------|

|   | ● | loan delinquencies, problem assets and foreclosures may increase; |
|--------|---------|-------------------------------------------------------------------|

|   | ● | collateral for our loans may continue to decline in value; and |
|--------|---------|----------------------------------------------------------------|

|   | ● | the amount of our low-cost or non-interest bearing deposits may decrease. |
|--------|---------|---------------------------------------------------------------------------|

----

----

----

ITEM 1B.                

----

ITEM 2.                   

| Location                |   |   | YearOccupied |   |           | NetBook Valueat December 31,2010 |   |
|-------------------------|--------|--------|--------------|--------|----------------|----------------------------------|--------|
|                    |   |   |         |   | (In Thousands) |                             |
| Main Office             |   |   |         |   |           |                             |
| 1211 West Morton Avenue |   |   |         |   |           |                             |
| Jacksonville, Illinois  |   |   | 1994         |   |           | $                                | 3,732  |   |
|                    |   |   |         |   |           |                             |   |   |
| Branch Office (1)       |   |   |         |   |           |                             |   |   |
| 211 West State Street   |   |   |         |   |           |                             |   |   |
| Jacksonville, Illinois  |   |   | 1961         |   |           |                             | 587    |   |
|                    |   |   |         |   |           |                             |   |   |
| Branch Office (1)       |   |   |         |   |           |                             |   |   |
| 903 South Main          |   |   |         |   |           |                             |   |   |
| Jacksonville, Illinois  |   |   | 1989         |   |           |                             | 165    |   |
|                    |   |   |         |   |           |                             |   |   |
| Branch Office           |   |   |         |   |           |                             |   |   |
| 501 North State Street  |   |   |         |   |           |                             |   |   |
| Litchfield, Illinois    |   |   | 1997         |   |           |                             | 541    |   |
|                    |   |   |         |   |           |                             |   |   |
| Branch Office           |   |   |         |   |           |                             |   |   |
| 100 North Dye           |   |   |         |   |           |                             |   |   |
| Virden, Illinois        |   |   | 1986         |   |           |                             | 167    |   |
|                    |   |   |         |   |           |                             |   |   |
| Branch Office           |   |   |         |   |           |                             |   |   |
| 510 Superior            |   |   |         |   |           |                             |   |   |
| Chapin, Illinois        |   |   | 2000         |   |           |                             | 440    |   |
|                    |   |   |         |   |           |                             |   |   |
| Branch Office (1)       |   |   |         |   |           |                             |   |   |
| 202 State               |   |   |         |   |           |                             |   |   |
| Concord, Illinois       |   |   | 2000         |   |           |                             | 27     |   |

----

ITEM 3.                   

ITEM 4.                   

ITEM 5.                   

----

| Plan                                                                                                                                                                                                  |   | Number of securities to beissued upon exercise ofoutstanding options andrights |    |   | Weighted averageexercise price |   |    | Number of securitiesremaining available forissuance under plan |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------|---------|--------|--------------------------------|--------|---------|----------------------------------------------------------------|--------|
| Equity compensation plans approved by stockholders                                                                                                                                                    |   |                                                                           | 33,382  |   |                           |   | 10.52   |                                                           |   |   | 4,400 |   |
| Equity compensation plans not approved by stockholders                                                                                                                                                |   |                                                                           | — |   |                           |   | — |                                                           |   |   | — |   |
| Total                                 |   |                                                                           | 33,382  |   |                           |   | 10.52   |                                                           |   |   | 4,400 |   |

ITEM 6.                   

ITEM 7.                   

ITEM 7A.                

ITEM 8.                   

ITEM 9.                   

ITEM 9A.                

----

ITEM 9B.                

ITEM 10.                 

ITEM 11.                 

----

ITEM 12.                 

ITEM 13.                 

ITEM 14.                 

ITEM 15.                 

|   | (A) | Report of Independent Registered Public Accounting Firm; |
|--------|-----|----------------------------------------------------------|

|   | (B) | Consolidated Balance Sheets - December 31, 2010 and 2009; |
|--------|-----|-----------------------------------------------------------|

|   | (C) | Consolidated Statements of Income - years ended December 31, 2010 and 2009; |
|--------|-----|-----------------------------------------------------------------------------|

|   | (D) | Consolidated Statements of Stockholders’ Equity - years ended December 31, 2010 and 2009; |
|--------|-----|-------------------------------------------------------------------------------------------------|

|   | (E) | Consolidated Statements of Cash Flows - years ended December 31, 2010 and 2009; and |
|--------|-----|-------------------------------------------------------------------------------------|

|   | (F) | Notes to Consolidated Financial Statements. |
|--------|-----|---------------------------------------------|

----

|   | 23 |  Consent of BKD LLP to incorporate financial statements into Registration Statement on Form S-8 |
|--------|----|------------------------------------------------------------------------------------------------------|

|   | 32.1 |  Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (1) | Incorporated by reference to Exhibit 3.1 to the Registration Statement on Form S-1 filed with the Securities and Exchange Commission on March 12, 2010 (File No. 333-165466). |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | Incorporated by reference to Exhibit 3.2 to the Registration Statement on Form S-1 filed with the Securities and Exchange Commission on March 12, 2010 (File No. 333-165466). |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | Incorporated by reference to Exhibit 4 to the Registration Statement on Form S-1 filed with the Securities and Exchange Commission on March 12, 2010 (File No. 333-165466). |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (4) | Incorporated by reference to Exhibit 10.1 to the Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 20, 2009 (File No. 000-49792). |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (5) | Incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on September 4, 2008 (File No. 000-49792). |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (6) | Incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on September 4, 2008 (File No. 000-49792). |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (7) | Incorporated by reference to Exhibit 10.1 to the Registration Statement on Form S-8 filed with the Securities and Exchange Commission on February 2, 2004 (File No. 333-112420). |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (8) | Incorporated by reference to Exhibit 10.2 to the Registration Statement on Form S-8 filed with the Securities and Exchange Commission on February 2, 2004 (File No. 333-112420). |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (9) | Incorporated by reference to Exhibit 10.6 to the Registration Statement on Form S-1 filed with the Securities and Exchange Commission on March 12, 2010 (File No. 333-165466). |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (10) | Incorporated by reference to Exhibit 10.8 to the Registration Statement on Form S-1 filed with the Securities and Exchange Commission on March 12, 2010 (File No. 333-165466). |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (11) | Incorporated by reference to Exhibit 10.3 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on September 4, 2008 (File No. 000-49792). |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (12) | Incorporated by reference to Exhibit 10.10 to the Registration Statement on Form S-1 filed with the Securities and Exchange Commission on March 12, 2010 (File No. 333-165466). |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (13) | Incorporated by reference to Exhibit 10.11 to the Registration Statement on Form S-1 filed with the Securities and Exchange Commission on March 12, 2010 (File No. 333-165466). |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (14) | Incorporated by reference to Exhibit 10.12 to the Registration Statement on Form S-1 filed with the Securities and Exchange Commission on March 12, 2010 (File No. 333-165466). |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (15) | Incorporated by reference to Exhibit 10.13 to the Registration Statement on Form S-1 filed with the Securities and Exchange Commission on March 12, 2010 (File No. 333-165466). |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (16) | Incorporated by reference to Exhibit 10.14 to the Registration Statement on Form S-1 filed with the Securities and Exchange Commission on March 12, 2010 (File No. 333-165466). |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (17) | Incorporated by reference to Exhibit 14 to the Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 29, 2004 (File No. 000-49792). |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                 | Jacksonville Bancorp, Inc. |                                  |
|----------------------|----------------------------|---------------------------------------|
|                 |                       |                                  |   |
| Date: March 16, 2011 | By:                        | /s/ Richard A. Foss                   |   |
|                 |                       | Richard A.  Foss, President |   |
|                 |                       | and Chief Executive Officer           |   |

| By:                  | /s/ Richard A. Foss                  |   |                 | By:    | /s/ Andrew F. Applebee                    |   |
|----------------------|--------------------------------------|--------|----------------------|--------|-------------------------------------------|--------|
|                 | Richard A. Foss, President,          |   |                 |   | Andrew F. Applebee, Chairman of the Board |   |
|                 | Chief Executive Officer and Director |   |                 |   |                                      |   |
|                 |                                 |   |                 |   |                                      |   |
| Date: March 16, 2011 |                                 |   | Date: March 16, 2011 |   |
|                 |                                 |   |                 |   |                                      |   |
| By:                  | /s/ Diana S. Tone                    |   |                 | By:    | /s/ Dean H. Hess                          |   |
|                 | Diana S. Tone                        |   |                 |   | Dean H. Hess, Director                    |   |
|                 | Chief Financial Officer              |   |                 |   |                                      |   |
|                 |                                 |   |                 |   |                                      |   |
| Date: March 16, 2011 |                                 |   | Date: March 16, 2011 |   |
|                 |                                 |   |                 |   |                                      |   |
| By:                  | /s/ John L. Eyth                     |   |                 | By:    | /s/ Emily J. Osburn                       |   |
|                 | John L. Eyth, Director               |   |                 |   | Emily J. Osburn, Director                 |   |
|                 |                                 |   |                 |   |                                      |   |
| Date: March 16, 2011 |                                 |   | Date: March 16, 2011 |   |
|                 |                                 |   |                 |   |                                      |   |
| By:                  | /s/ Harmon B. Deal III               |   |                 | By:    | /s/ John C. Williams                      |   |
|                 | Harmon B. Deal, III, Director        |   |                 |   | John C. Williams, Director                |   |
|                 |                                 |   |                 |   | Senior Vice President and Trust Officer   |   |
|                 |                                 |   |                 |   |                                      |   |
| Date: March 16, 2011 |                                 |   | Date: March 16, 2011 |   |
|                 |                                 |   |                 |   |                                      |   |
| By:                  | /s/ John M. Buchanan                 |   |                 |   |                                      |   |
|                 | John M. Buchanan, Director           |   |                 |   |                                      |   |
|                 |                                 |   |                 |   |                                      |   |
| Date: March 16, 2011 |                                 |   |                 |   |                                      |

----

|   | 10.6 |  Amendments to the Jacksonville Savings Bank and Jacksonville Bancorp, MHC Stock Option Plans(9) |
|--------|------|------------------------------------------------------------------------------------------------------------|

|   | 23 |  Consent of BKD LLP to incorporate financial statements into Registration Statement on Form S-8 |
|--------|----|------------------------------------------------------------------------------------------------------|

|   | 32.1 |  Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (1) | Incorporated by reference to Exhibit 3.1 to the Registration Statement on Form S-1 filed with the Securities and Exchange Commission on March 12, 2010 (File No. 333-165466). |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | Incorporated by reference to Exhibit 3.2 to the Registration Statement on Form S-1 filed with the Securities and Exchange Commission on March 12, 2010 (File No. 333-165466). |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | Incorporated by reference to Exhibit 4 to the Registration Statement on Form S-1 filed with the Securities and Exchange Commission on March 12, 2010 (File No. 333-165466). |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (4) | Incorporated by reference to Exhibit 10.1 to the Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 20, 2009 (File No. 000-49792). |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (5) | Incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on September 4, 2008 (File No. 000-49792). |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (6) | Incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on September 4, 2008 (File No. 000-49792). |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (7) | Incorporated by reference to Exhibit 10.1 to the Registration Statement on Form S-8 filed with the Securities and Exchange Commission on February 2, 2004 (File No. 333-112420). |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (8) | Incorporated by reference to Exhibit 10.2 to the Registration Statement on Form S-8 filed with the Securities and Exchange Commission on February 2, 2004 (File No. 333-112420). |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (9) | Incorporated by reference to Exhibit 10.6 to the Registration Statement on Form S-1 filed with the Securities and Exchange Commission on March 12, 2010 (File No. 333-165466). |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (10) | Incorporated by reference to Exhibit 10.8 to the Registration Statement on Form S-1 filed with the Securities and Exchange Commission on March 12, 2010 (File No. 333-165466). |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (11) | Incorporated by reference to Exhibit 10.3 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on September 4, 2008 (File No. 000-49792). |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (12) | Incorporated by reference to Exhibit 10.10 to the Registration Statement on Form S-1 filed with the Securities and Exchange Commission on March 12, 2010 (File No. 333-165466). |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (13) | Incorporated by reference to Exhibit 10.11 to the Registration Statement on Form S-1 filed with the Securities and Exchange Commission on March 12, 2010 (File No. 333-165466). |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (14) | Incorporated by reference to Exhibit 10.12 to the Registration Statement on Form S-1 filed with the Securities and Exchange Commission on March 12, 2010 (File No. 333-165466). |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (15) | Incorporated by reference to Exhibit 10.13 to the Registration Statement on Form S-1 filed with the Securities and Exchange Commission on March 12, 2010 (File No. 333-165466). |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (16) | Incorporated by reference to Exhibit 10.14 to the Registration Statement on Form S-1 filed with the Securities and Exchange Commission on March 12, 2010 (File No. 333-165466). |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (17) | Incorporated by reference to Exhibit 14 to the Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 29, 2004 (File No. 000-49792). |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|