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|   |   |  Jacksonville Bancorp, Inc. 2010 Annual Report |
|--------|--------|----------------------------------------------------------|

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| Andrew F. Applebee  | Richard A. Foss   |
|--------------------------|-------------------|
| Chairman            | President and CEO |

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| Table of Contents |
|-------------------|

|                                                                                        |   | Page   |
|---------------------------------------------------------------------------------------------|--------|--------|
|                                                                                        |   |   |
| Business of the Company                                                                     |   | 1      |
|                                                                                        |   |   |
| Selected Consolidated Financial Information                                                 |   | 2-3    |
|                                                                                        |   |   |
| Management’s Discussion and Analysis of Financial Condition and Results of Operations |   | 4-19   |
|                                                                                        |   |   |
| Report of Independent Registered Public Accounting Firm                                     |   | 20     |
|                                                                                        |   |   |
| Consolidated Financial Statements                                                           |   | 21-28  |
|                                                                                        |   |   |
| Notes to Consolidated Financial Statements                                                  |   | 29-75  |
|                                                                                        |   |   |
| Common Stock Information                                                                    |   | 76     |
|                                                                                        |   |   |
| Directors and Officers                                                                      |   | 77     |
|                                                                                        |   |   |
| Corporate Information                                                                       |   | 78     |
|                                                                                        |   |   |
| Annual Meeting                                                                              |   | 78     |

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|                                             |   | At December 31, |    |
|--------------------------------------------------|--------|-----------------|---------|
|                                             |   | 2010            |    |   | 2009 |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |
|                                             |   | (In thousands)  |    |
| Selected Financial Condition Data:               |   |            |    |   |   |   |   |   |   |   |   |   |   |   |   |
|                                             |   |            |    |   |   |   |   |   |   |   |   |   |   |   |   |
| Total assets                                     |   | $               | 301,481 |   |   | $ | 288,846 |   |   | $ | 288,275 |   |   | $ | 288,489 |   |   | $ | 267,372 |   |
| Cash and cash equivalents                        |   |            | 8,943   |   |   |   | 15,696 |   |   |   | 7,145 |   |   |   | 12,175 |   |   |   | 9,331 |   |
| Investment securities                            |   |            | 52,872  |   |   |   | 37,196 |   |   |   | 50,988 |   |   |   | 66,295 |   |   |   | 79,978 |   |
| Mortgage-backed securities                       |   |            | 41,995  |   |   |   | 40,984 |   |   |   | 27,795 |   |   |   | 15,415 |   |   |   | 8,210 |   |
| Loans, net(1)                               |   |            | 176,722 |   |   |   | 174,497 |   |   |   | 184,337 |   |   |   | 177,728 |   |   |   | 155,264 |   |
| Federal Home Loan Bank of Chicago stock, at cost |   |            | 1,114   |   |   |   | 1,109 |   |   |   | 1,109 |   |   |   | 1,109 |   |   |   | 1,109 |   |
| Foreclosed assets, net                           |   |            | 460     |   |   |   | 383 |   |   |   | 769 |   |   |   | 364 |   |   |   | 152 |   |
| Bank owned life insurance                        |   |            | 4,239   |   |   |   | 4,095 |   |   |   | 3,907 |   |   |   | 3,186 |   |   |   | 334 |   |
| Deposits                                         |   |            | 256,424 |   |   |   | 254,700 |   |   |   | 238,151 |   |   |   | 245,721 |   |   |   | 232,913 |   |
| Federal Home Loan Bank of Chicago advances       |   |            | — |   |   |   | — |   |   |   | 13,500 |   |   |   | 10,000 |   |   |   | 4,000 |   |
| Short-term borrowings                            |   |            | 4,018   |   |   |   | 3,789 |   |   |   | 7,633 |   |   |   | 4,936 |   |   |   | 5,035 |   |
| Stockholders’ equity                       |   |            | 35,678  |   |   |   | 25,263 |   |   |   | 24,259 |   |   |   | 22,618 |   |   |   | 21,145 |   |

|                                                |   | For the Years Ended December 31,         |   |
|-----------------------------------------------------|--------|------------------------------------------|--------|
|                                                |   | 2010                                     |   |   | 2009 |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |
|                                                |   | (In thousands, except per share amounts) |   |
| Selected Operating Data:                            |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest income                                     |   | $                                        | 13,529 |   |   | $ | 14,420 |   |   | $ | 15,908 |   |   | $ | 15,609 |   |   | $ | 13,978 |   |
| Interest expense                                    |   |                                     | 3,953  |   |   |   | 5,432 |   |   |   | 7,716 |   |   |   | 9,056 |   |   |   | 7,031 |   |
| Net interest income                                 |   |                                     | 9,576  |   |   |   | 8,988 |   |   |   | 8,192 |   |   |   | 6,553 |   |   |   | 6,947 |   |
| Provision for loan losses                           |   |                                     | 1,725  |   |   |   | 2,575 |   |   |   | 310 |   |   |   | 155 |   |   |   | 60 |   |
| Net interest income after provision for loan losses |   |                                     | 7,851  |   |   |   | 6,413 |   |   |   | 7,882 |   |   |   | 6,398 |   |   |   | 6,887 |   |
| Noninterest income                                  |   |                                     | 4,197  |   |   |   | 4,209 |   |   |   | 3,161 |   |   |   | 2,492 |   |   |   | 2,235 |   |
| Noninterest expense                                 |   |                                     | 9,576  |   |   |   | 9,126 |   |   |   | 9,221 |   |   |   | 8,261 |   |   |   | 7,893 |   |
| Income before income tax                            |   |                                     | 2,472  |   |   |   | 1,497 |   |   |   | 1,822 |   |   |   | 629 |   |   |   | 1,229 |   |
| Provision for income taxes                          |   |                                     | 406    |   |   |   | 101 |   |   |   | 304 |   |   |   | 10 |   |   |   | 334 |   |
| Net income                                          |   | $                                        | 2,066  |   |   | $ | 1,396 |   |   | $ | 1,518 |   |   | $ | 619 |   |   | $ | 895 |   |
| Earnings per share:                                 |   |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                               |   | $                                        | 1.09   |   |   | $ | 0.72 |   |   | $ | 0.76 |   |   | $ | 0.31 |   |   | $ | 0.45 |   |
| Diluted                                             |   | $                                        | 1.08   |   |   | $ | 0.72 |   |   | $ | 0.76 |   |   | $ | 0.31 |   |   | $ | 0.45 |   |
| Dividends per share                                 |   | $                                        | 0.30   |   |   | $ | 0.30 |   |   | $ | 0.30 |   |   | $ | 0.30 |   |   | $ | 0.30 |   |

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|                                                                   |   | At or For the Years Ended December 31, |   |
|------------------------------------------------------------------------|--------|----------------------------------------|--------|
|                                                                   |   | 2010                                   |   |   | 2009 |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |
|                                                                   |   |                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Selected Financial Ratios and Other Data:                              |   |                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                   |   |                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Performance Ratios:                                                    |   |                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Return on average assets (ratio of net income to average total assets) |   |                                   | 0.70   | % |   |   | 0.47 | % |   |   | 0.52 | % |   |   | 0.22 | % |   |   | 0.35 | % |
| Return on average equity (ratio of net income to average equity)       |   |                                   | 6.77   | % |   |   | 5.69 | % |   |   | 6.59 | % |   |   | 2.86 | % |   |   | 4.37 | % |
| Interest rate spread(1)                                           |   |                                   | 3.30   | % |   |   | 3.08 | % |   |   | 2.70 | % |   |   | 2.15 | % |   |   | 2.48 | % |
| Net interest margin(2)                                            |   |                                   | 3.51   | % |   |   | 3.30 | % |   |   | 3.01 | % |   |   | 2.53 | % |   |   | 2.85 | % |
| Efficiency ratio(3)                                               |   |                                   | 69.53  | % |   |   | 69.15 | % |   |   | 81.22 | % |   |   | 91.33 | % |   |   | 85.97 | % |
| Dividend pay-out ratio(4)                                         |   |                                   | 20.37  | % |   |   | 18.96 | % |   |   | 18.75 | % |   |   | 45.94 | % |   |   | 31.69 | % |
| Non-interest expense to average total assets                           |   |                                   | 3.25   | % |   |   | 3.10 | % |   |   | 3.14 | % |   |   | 2.95 | % |   |   | 3.05 | % |
| Average interest-earning assets to averageinterest-bearing liabilities |   |                                   | 114.78 | % |   |   | 111.14 | % |   |   | 110.66 | % |   |   | 110.69 | % |   |   | 112.81 | % |
| Average equity to average total assets                                 |   |                                   | 10.37  | % |   |   | 8.33 | % |   |   | 7.85 | % |   |   | 7.79 | % |   |   | 7.90 | % |
|                                                                   |   |                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Asset Quality Ratios:                                                  |   |                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-performing assets to total assets                                  |   |                                   | 1.19   | % |   |   | 0.81 | % |   |   | 0.68 | % |   |   | 0.51 | % |   |   | 0.56 | % |
| Non-performing loans to total loans                                    |   |                                   | 1.75   | % |   |   | 1.11 | % |   |   | 0.64 | % |   |   | 0.61 | % |   |   | 0.86 | % |
| Allowance for loan losses to non-performing loans                      |   |                                   | 94.56  | % |   |   | 117.20 | % |   |   | 162.47 | % |   |   | 161.90 | % |   |   | 137.90 | % |
| Allowance for loan losses to gross loans(5)                            |   |                                   | 1.65   | % |   |   | 1.29 | % |   |   | 1.04 | % |   |   | 0.98 | % |   |   | 1.19 | % |
|                                                                   |   |                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Capital Ratios:                                                        |   |                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total capital (to risk-weighted assets)                                |   |                                   | 14.77  | % |   |   | 11.83 | % |   |   | 10.94 | % |   |   | 11.32 | % |   |   | 12.34 | % |
| Tier I capital (to risk-weighted assets)                               |   |                                   | 13.52  | % |   |   | 10.70 | % |   |   | 10.02 | % |   |   | 10.38 | % |   |   | 11.25 | % |
| Tier I capital (to total assets)                                       |   |                                   | 9.25   | % |   |   | 7.44 | % |   |   | 7.30 | % |   |   | 7.02 | % |   |   | 7.45 | % |
|                                                                   |   |                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other Data:                                                            |   |                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Number of offices                                                      |   |                                   | 7      |   |   |   | 7 |   |   |   | 7 |   |   |   | 7 |   |   |   | 7 |   |
| Full time equivalent employees                                         |   |                                   | 104    |   |   |   | 106 |   |   |   | 106 |   |   |   | 109 |   |   |   | 111 |   |

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| (1) | The interest rate spread represents the difference between the weighted-average yield on interest-earning assets and the weighted- average cost of interest-bearing liabilities for the period. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | The net interest margin represents net interest income as a percent of average interest-earning assets for the period. |
|-----|------------------------------------------------------------------------------------------------------------------------|

| (3) | The efficiency ratio represents non-interest expense divided by the sum of net interest income and non-interest income. |
|-----|-------------------------------------------------------------------------------------------------------------------------|

| (4) | The dividend payout ratio represents dividends declared per share divided by net income per share. |
|-----|----------------------------------------------------------------------------------------------------|

| (5) | Gross loans include loans held for sale. |
|-----|------------------------------------------|

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|                                                           |   | 12/31/10               |    |   | 12/31/09 |   |
|----------------------------------------------------------------|--------|------------------------|---------|--------|----------|--------|
|                                                           |   | (Dollars in thousands) |    |
| Non-accrual loans:                                             |   |                   |    |   |     |   |
| Real estate loans:                                             |   |                   |    |   |     |   |
| One- to four-family residential                                |   | $                      | 1,019   |   |     | $      | 484 |   |
| Commercial and agricultural                                    |   |                   | 1,249   |   |     |   | 274 |   |
| Multi-family residential                                       |   |                   | 110     |   |     |   | 132 |   |
| Commercial and agricultural business loans                     |   |                   | 85      |   |     |   | 240 |   |
| Consumer loans:                                                |   |                   |    |   |     |   |   |   |
| Home equity/home improvement                                   |   |                   | 566     |   |     |   | 407 |   |
| Automobile                                                     |   |                   | 8       |   |     |   | 8 |   |
| Other                                                          |   |                   | 98      |   |     |   | 52 |   |
|                                                           |   |                   |    |   |     |   |   |   |
| Total non-accrual loans                                        |   |                   | 3,135   |   |     |   | 1,597 |   |
|                                                           |   |                   |    |   |     |   |   |   |
| Loans delinquent 90 days or greater and still accruing:        |   |                   |    |   |     |   |   |   |
| Real estate loans:                                             |   |                   |    |   |     |   |   |   |
| One- to four-family residential                                |   |                   | — |   |     |   | 349 |   |
| Commercial and agricultural                                    |   |                   | — |   |     |   | — |   |
| Multi-family residential                                       |   |                   | — |   |     |   | — |   |
| Commercial and agricultural business loans                     |   |                   | — |   |     |   | — |   |
| Consumer loans:                                                |   |                   |    |   |     |   |   |   |
| Home equity/home improvement                                   |   |                   | — |   |     |   | — |   |
| Automobile                                                     |   |                   | — |   |     |   | 3 |   |
| Other                                                          |   |                   | — |   |     |   | 5 |   |
|                                                           |   |                   |    |   |     |   |   |   |
| Total loans delinquent 90 days or greater and still accruing   |   |                   | — |   |     |   | 357 |   |
|                                                           |   |                   |    |   |     |   |   |   |
| Total non-performing loans                                     |   |                   | 3,135   |   |     |   | 1,954 |   |
|                                                           |   |                   |    |   |     |   |   |   |
| Other real estate owned and foreclosed assets:                 |   |                   |    |   |     |   |   |   |
| Real estate loans:                                             |   |                   |    |   |     |   |   |   |
| One- to four-family residential                                |   |                   | 207     |   |     |   | 324 |   |
| Commercial and agricultural                                    |   |                   | 253     |   |     |   | 59 |   |
| Multi-family residential                                       |   |                   | — |   |     |   | — |   |
| Commercial and agricultural business loans                     |   |                   | — |   |     |   | — |   |
| Consumer loans:                                                |   |                   |    |   |     |   |   |   |
| Home equity/home improvement                                   |   |                   | — |   |     |   | — |   |
| Automobile                                                     |   |                   | — |   |     |   | — |   |
| Other                                                          |   |                   | — |   |     |   | — |   |
|                                                           |   |                   |    |   |     |   |   |   |
| Total  other real estate owned and foreclosed assets |   |                   | 460     |   |     |   | 383 |   |
|                                                           |   |                   |    |   |     |   |   |   |
| Total non-performing assets                                    |   | $                      | 3,595   |   |     | $      | 2,337 |   |
|                                                           |   |                   |    |   |     |   |   |   |
| Ratios:                                                        |   |                   |    |   |     |   |   |   |
| Non-performing loans to total loans                            |   |                   | 1.75    | %      |     |   | 1.11 | % |
| Non-performing assets to total assets                          |   |                   | 1.19    |   |     |   | 0.81 |   |

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|                                        |   | 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 |   |

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|                                                                    |   | For the Years Ended December 31, |    |
|-------------------------------------------------------------------------|--------|----------------------------------|---------|
|                                                                    |   | 2010                             |    |   | 2009 |   |
|                                                                    |   | Average Outstanding Balance      |    |   | Interest |   |   | Yield/ Rate |   |   | Average Outstanding Balance |   |   | Interest |   |   | Yield/ Rate |   |
|                                                                    |   | (Dollars in thousands)           |    |   |
| Interest-earning assets:                                                |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans (1)                                                          |   | $                                | 177,840 |   |   | $ | 10,915 |   |   |   | 6.14 | % |   | $ | 182,813 |   |   | $ | 11,592 |   |   |   | 6.34 | % |
| Investment securities (2)                                          |   |                             | 48,651  |   |   |   | 1,719 |   |   |   | 3.53 |   |   |   | 40,732 |   |   |   | 1,554 |   |   |   | 3.81 |   |
| Mortgage-backed securities                                              |   |                             | 36,796  |   |   |   | 884 |   |   |   | 2.40 |   |   |   | 40,381 |   |   |   | 1,262 |   |   |   | 3.13 |   |
| Cash and cash equivalents                                               |   |                             | 9,371   |   |   |   | 11 |   |   |   | 0.12 |   |   |   | 8,231 |   |   |   | 12 |   |   |   | 0.15 |   |
| Total interest-earning assets                                           |   |                             | 272,658 |   |   |   | 13,529 |   |   |   | 4.96 |   |   |   | 272,157 |   |   |   | 14,420 |   |   |   | 5.30 |   |
| Non-interest-earning assets                                             |   |                             | 21,935  |   |   |   |   |   |   |   |   |   |   |   | 22,626 |   |   |   |   |   |   |   |   |   |
| Total assets                                                            |   | $                                | 294,593 |   |   |   |   |   |   |   |   |   |   | $ | 294,783 |   |   |   |   |   |   |   |   |   |
| Interest-bearing liabilities:                                           |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest bearing checking                                               |   | $                                | 31,164  |   |   | $ | 98 |   |   |   | 0.32 | % |   | $ | 29,009 |   |   | $ | 94 |   |   |   | 0.32 | % |
| Savings accounts                                                        |   |                             | 26,686  |   |   |   | 177 |   |   |   | 0.66 |   |   |   | 24,849 |   |   |   | 218 |   |   |   | 0.88 |   |
| Certificates of deposit                                                 |   |                             | 144,362 |   |   |   | 3,366 |   |   |   | 2.33 |   |   |   | 149,124 |   |   |   | 4,586 |   |   |   | 3.08 |   |
| Money market savings                                                    |   |                             | 27,058  |   |   |   | 258 |   |   |   | 0.95 |   |   |   | 26,750 |   |   |   | 378 |   |   |   | 1.41 |   |
| Money market deposits                                                   |   |                             | 5,431   |   |   |   | 43 |   |   |   | 0.79 |   |   |   | 4,616 |   |   |   | 40 |   |   |   | 0.86 |   |
| Total interest-bearing deposits                                         |   |                             | 234,701 |   |   |   | 3,942 |   |   |   | 1.68 |   |   |   | 234,348 |   |   |   | 5,316 |   |   |   | 2.27 |   |
| Federal Home Loan Bank advances                                         |   |                             | 0       |   |   |   | 0 |   |   |   | 0.00 |   |   |   | 5,359 |   |   |   | 104 |   |   |   | 1.94 |   |
| Short-term borrowings                                                   |   |                             | 2,847   |   |   |   | 11 |   |   |   | 0.39 |   |   |   | 5,168 |   |   |   | 12 |   |   |   | 0.24 |   |
| Total borrowings                                                        |   |                             | 2,847   |   |   |   | 11 |   |   |   | 0.39 |   |   |   | 10,527 |   |   |   | 116 |   |   |   | 1.10 |   |
| Total interest-bearing liabilities                                      |   |                             | 237,548 |   |   |   | 3,953 |   |   |   | 1.66 | % |   |   | 244,875 |   |   |   | 5,432 |   |   |   | 2.22 | % |
| Non-interest-bearing liabilities                                        |   |                             | 26,504  |   |   |   |   |   |   |   |   |   |   |   | 25,360 |   |   |   |   |   |   |   |   |   |
| Total liabilities                                                       |   |                             | 264,052 |   |   |   |   |   |   |   |   |   |   |   | 270,235 |   |   |   |   |   |   |   |   |   |
| Stockholders’ equity                                              |   |                             | 30,541  |   |   |   |   |   |   |   |   |   |   |   | 24,548 |   |   |   |   |   |   |   |   |   |
| Total liabilities and stockholders’ equity                        |   | $                                | 294,593 |   |   |   |   |   |   |   |   |   |   | $ | 294,783 |   |   |   |   |   |   |   |   |   |
|                                                                    |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net interest income                                                     |   |                             |    |   |   | $ | 9,576 |   |   |   |   |   |   |   |   |   |   | $ | 8,988 |   |   |   |   |   |
| Net interest rate spread (3)                                       |   |                             |    |   |   |   |   |   |   |   | 3.30 | % |   |   |   |   |   |   |   |   |   |   | 3.08 | % |
| Net interest-earning assets (4)                                         |   |                             |    |   |   | $ | 35,110 |   |   |   |   |   |   |   |   |   |   | $ | 27,282 |   |   |   |   |   |
| Net interest margin (5)                                            |   |                             |    |   |   |   |   |   |   |   | 3.51 | % |   |   |   |   |   |   |   |   |   |   | 3.30 | % |
| Average interest-earning assets to average interest-bearing liabilities |   |                             |    |   |   |   |   |   |   |   | 114.78 | % |   |   |   |   |   |   |   |   |   |   | 111.14 | % |

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| (1) | Includes non-accrual loans and loans held for sale and fees of $93,000 for 2010 and $110,000 for 2009. |
|-----|--------------------------------------------------------------------------------------------------------|

| (2) | Includes Federal Home Loan Bank stock and U.S. Agency securities. |
|-----|-------------------------------------------------------------------|

| (3) | Net interest rate spread represents the difference between the yield on average interest-earning assets and the cost of average interest-bearing liabilities. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Net interest-earning assets represents total interest-earning assets less total interest-bearing liabilities. |
|-----|---------------------------------------------------------------------------------------------------------------|

| (5) | Net interest margin represents net interest income divided by average total interest-earning assets. |
|-----|------------------------------------------------------------------------------------------------------|

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|                               |   | Years Ended December 31,   |   |
|------------------------------------|--------|----------------------------|--------|
|                               |   | 2010 vs. 2009              |   |
|                               |   | Increase (Decrease) Due to |   |   | TotalIncrease(Decrease) |   |
|                               |   | Rate                       |   |   | Volume |   |
|                               |   | (In thousands)             |   |
| Interest-earning assets:           |   |                       |   |   |   |   |   |   |   |
| Loans                              |   | $                          | (366   | ) |   | $ | (310 | ) |   | $ | (676 | ) |
| Investment securities              |   |                       | (121   | ) |   |   | 286 |   |   |   | 165 |   |
| Mortgage-backed securities         |   |                       | (273   | ) |   |   | (105 | ) |   |   | (378 | ) |
| Cash and cash equivalents          |   |                       | (2     | ) |   |   | 1 |   |   |   | (1 | ) |
|                               |   |                       |   |   |   |   |   |   |   |   |   |   |
| Total interest-earning assets      |   | $                          | (762   | ) |   | $ | (128 | ) |   | $ | (890 | ) |
|                               |   |                       |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing liabilities:      |   |                       |   |   |   |   |   |   |   |   |   |   |
| Interest bearing checking          |   | $                          | (2     | ) |   | $ | 7 |   |   | $ | 5 |   |
| Savings accounts                   |   |                       | (56    | ) |   |   | 15 |   |   |   | (41 | ) |
| Certificates of deposit            |   |                       | (1,078 | ) |   |   | (142 | ) |   |   | (1,220 | ) |
| Money market savings               |   |                       | (124   | ) |   |   | 4 |   |   |   | (120 | ) |
| Money market deposits              |   |                       | (4     | ) |   |   | 7 |   |   |   | 3 |   |
| Total interest-bearing deposits    |   |                       | (1,264 | ) |   |   | (109 | ) |   |   | (1,373 | ) |
| Federal Home Loan Bank advances    |   |                       | (52    | ) |   |   | (52 | ) |   |   | (104 | ) |
| Short-term borrowings              |   |                       | 6      |   |   |   | (7 | ) |   |   | (1 | ) |
|                               |   |                       | (46    | ) |   |   | (59 | ) |   |   | (105 | ) |
| Total interest-bearing liabilities |   |                       | (1,310 | ) |   |   | (168 | ) |   |   | (1,478 | ) |
|                               |   |                       |   |   |   |   |   |   |   |   |   |   |
| Change in net interest income      |   | $                          | 548    |   |   | $ | 40 |   |   | $ | 588 |   |

----

|               |   | Change in Net Interest Income |
|--------------------|--------|-------------------------------|
|               |   | December 31, 2010             |   |   | December 31, 2009 |   | ALCOBenchmark |
| Rate Shock         |   | $ Change                      |   |   | % Change |   |   | $ Change |   |   | % Change |   |
|               |   | (Dollars in thousands)        |
|               |   |                          |   |   |   |   |   |   |   |   |   |   |   |
| +300 basis points  |   |                          | (2 | ) |   |   | (0.02 | ) |   |   | 174 |   |   |   | 1.71 |   | >(20.00)% |
| +200 basis points  |   |                          | 64 |   |   |   | 0.57 |   |   |   | 220 |   |   |   | 2.16 |   | >(20.00)% |
| +100 basis points  |   |                          | 134 |   |   |   | 1.19 |   |   |   | 184 |   |   |   | 1.80 |   | >(12.50)% |
| (100) basis points |   |                          | (36 | ) |   |   | (0.32 | ) |   |   | (271 | ) |   |   | (2.66 | ) | >(12.50)% |
| (200) basis points |   |                          | (385 | ) |   |   | (3.42 | ) |   |   | (412 | ) |   |   | (4.05 | ) | >(20.00)% |
| (300) basis points |   |                          | (619 | ) |   |   | (5.49 | ) |   |   | (589 | ) |   |   | (5.78 | ) | >(20.00)% |

----

----

|                      |   | December 31, 2010 |   |   | December 31, 2009 |   |
|---------------------------|--------|-------------------|--------|--------|-------------------|--------|
|                      |   | (In thousands)    |   |
| Commitments to fund loans |   | $                 | 36,871 |   |              | $      | 36,050 |   |
| Standby letters of credit |   |              | 453    |   |              |   | 488 |   |

----

|                                   |   | MinimumRequired |   |   | December 31, 2010Actual |   |   | December 31, 2009Actual |   |
|----------------------------------------|--------|-----------------|--------|--------|-------------------------|--------|--------|-------------------------|--------|
|                                   |   |            |   |   |                    |   |   |                    |   |
| Tier 1 Capital to Average Assets       |   |            | 4.00   | %      |                    |   | 9.25   | %                       |   |   | 7.44 | % |
| Tier 1 Capital to Risk-Weighted Assets |   |            | 4.00   | %      |                    |   | 13.52  | %                       |   |   | 10.70 | % |
| Total Capital to Risk-Weighted Assets  |   |            | 8.00   | %      |                    |   | 14.77  | %                       |   |   | 11.83 | % |

----

----

|                                                                                                               |   | 2010   |        |   | 2009   |   |
|--------------------------------------------------------------------------------------------------------------------|--------|--------|-------------|--------|--------|--------|
|                                                                                                               |   |   |        |   |   |   |
| Cash and due from banks                                                                                            |   | $      | 2,799,482   |   |   | $      | 4,412,988 |   |
| Federal funds sold                                                                                                 |   |   | 4,100,000   |   |   |   | 9,925,855 |   |
| Interest-bearing demand deposits in banks                                                                          |   |   | 2,043,918   |   |   |   | 1,357,631 |   |
|                                                                                                               |   |   |        |   |   |   |   |   |
| Cash and cash equivalents                                                                                          |   |   | 8,943,400   |   |   |   | 15,696,474 |   |
|                                                                                                               |   |   |        |   |   |   |   |   |
| Available-for-sale securities:                                                                                     |   |   |        |   |   |   |   |   |
| Investment securities                                                                                              |   |   | 52,871,871  |   |   |   | 37,196,298 |   |
| Mortgage-backed securities                                                                                         |   |   | 41,994,850  |   |   |   | 40,984,395 |   |
| Other investments                                                                                                  |   |   | 130,049     |   |   |   | 149,902 |   |
| Loans held for sale                                                                                                |   |   | 280,000     |   |   |   | 814,074 |   |
| Loans, net of allowance for loan losses of $2,964,285 and $2,290,001 at December 31, 2010 and 2009                 |   |   | 176,442,118 |   |   |   | 173,683,310 |   |
| Premises and equipment, net of accumulated depreciation of $7,523,691 and $7,199,085 at December 31, 2010 and 2009 |   |   | 5,659,074   |   |   |   | 5,766,858 |   |
| Federal Home Loan Bank stock                                                                                       |   |   | 1,113,800   |   |   |   | 1,108,606 |   |
| Foreclosed assets held for sale, net                                                                               |   |   | 459,877     |   |   |   | 382,879 |   |
| Cash surrender value of life insurance                                                                             |   |   | 4,238,915   |   |   |   | 4,094,663 |   |
| Interest receivable                                                                                                |   |   | 1,872,779   |   |   |   | 1,988,394 |   |
| Deferred income taxes                                                                                              |   |   | 1,620,994   |   |   |   | 724,139 |   |
| Mortgage servicing rights, net of valuation allowance of $163,989 and $156,442 as of December 31, 2010 and 2009    |   |   | 797,327     |   |   |   | 850,313 |   |
| Goodwill                                                                                                           |   |   | 2,726,567   |   |   |   | 2,726,567 |   |
| Other assets                                                                                                       |   |   | 2,329,232   |   |   |   | 2,679,600 |   |
|                                                                                                               |   |   |        |   |   |   |   |   |
| Total assets                                                                                                       |   | $      | 301,480,853 |   |   | $      | 288,846,472 |   |

----

|                                                                                                                                           |   | 2010   |        |   | 2009   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-------------|--------|--------|--------|
| Liabilities                                                                                                                                    |   |   |        |   |   |   |
| Deposits                                                                                                                                       |   |   |        |   |   |   |
| Demand                                                                                                                                         |   | $      | 19,856,437  |   |   | $      | 20,668,169 |   |
| Savings, NOW and money market                                                                                                                  |   |   | 91,288,015  |   |   |   | 88,412,078 |   |
| Time                                                                                                                                           |   |   | 145,279,195 |   |   |   | 145,619,976 |   |
|                                                                                                                                           |   |   |        |   |   |   |   |   |
| Total deposits                                                                                                                                 |   |   | 256,423,647 |   |   |   | 254,700,223 |   |
|                                                                                                                                           |   |   |        |   |   |   |   |   |
| Short-term borrowings                                                                                                                          |   |   | 4,018,235   |   |   |   | 3,789,453 |   |
| Deferred compensation                                                                                                                          |   |   | 3,060,637   |   |   |   | 2,826,227 |   |
| Advances from borrowers for taxes and insurance                                                                                                |   |   | 629,788     |   |   |   | 508,356 |   |
| Interest payable                                                                                                                               |   |   | 556,257     |   |   |   | 734,903 |   |
| Other liabilities                                                                                                                              |   |   | 1,114,139   |   |   |   | 1,023,890 |   |
|                                                                                                                                           |   |   |        |   |   |   |   |   |
| Total liabilities                                                                                                                              |   |   | 265,802,703 |   |   |   | 263,583,052 |   |
|                                                                                                                                           |   |   |        |   |   |   |   |   |
| Stockholders’ Equity                                                                                                                     |   |   |        |   |   |   |   |   |
| Preferred stock, $.01 par value, authorized 10,000,000 shares; none issued and outstanding                                                     |   |   | —     |   |   |   | — |   |
| Common stock, $.01 par value; authorized 25,000,000 shares; issued 1,923,689 – December 31, 2010 and 1,987,904 – December 31, 2009 |   |   | 19,237      |   |   |   | 19,879 |   |
| Additional paid-in capital                                                                                                                     |   |   | 16,159,960  |   |   |   | 6,634,591 |   |
| Retained earnings – substantially restricted                                                                                             |   |   | 20,045,095  |   |   |   | 18,399,506 |   |
| Accumulated other comprehensive income (loss)                                                                                                  |   |   | (150,802    | )      |   |   | 695,825 |   |
| Unallocated ESOP shares                                                                                                                        |   |   | (395,340    | )      |   |   | — |   |
|  Treasury stock, at costCommon; 2010 – 0 shares; 2009 – 67,087 shares                                                         |   |   | —     |   |   |   | (486,381 | ) |
|                                                                                                                                           |   |   |        |   |   |   |   |   |
| Total stockholders’ equity                                                                                                               |   |   | 35,678,150  |   |   |   | 25,263,420 |   |
|                                                                                                                                           |   |   |        |   |   |   |   |   |
|                                                                                                                                           |   |   |        |   |   |   |   |   |
| Total liabilities and stockholders’ equity                                                                                               |   | $      | 301,480,853 |   |   | $      | 288,846,472 |   |

----

|                                                         |   | 2010   |       |   | 2009   |   |
|--------------------------------------------------------------|--------|--------|------------|--------|--------|--------|
| Interest and Fee Income                                      |   |   |       |   |   |   |
| Loans, including fees                                        |   | $      | 10,915,275 |   |   | $      | 11,591,716 |   |
| Debt securities                                              |   |   |       |   |   |   |   |   |
| Taxable                                                      |   |   | 465,419    |   |   |   | 503,211 |   |
| Tax-exempt                                                   |   |   | 1,253,011  |   |   |   | 1,050,667 |   |
| Mortgage-backed securities                                   |   |   | 884,229    |   |   |   | 1,262,357 |   |
| Other                                                        |   |   | 11,468     |   |   |   | 11,966 |   |
|                                                         |   |   |       |   |   |   |   |   |
| Total interest income                                        |   |   | 13,529,402 |   |   |   | 14,419,917 |   |
|                                                         |   |   |       |   |   |   |   |   |
| Interest Expense                                             |   |   |       |   |   |   |   |   |
| Deposits                                                     |   |   | 3,942,161  |   |   |   | 5,315,273 |   |
| Short-term borrowings                                        |   |   | 11,159     |   |   |   | 12,452 |   |
| Federal Home Loan Bank advances                              |   |   | —    |   |   |   | 103,803 |   |
|                                                         |   |   |       |   |   |   |   |   |
| Total interest expense                                       |   |   | 3,953,320  |   |   |   | 5,431,528 |   |
|                                                         |   |   |       |   |   |   |   |   |
| Net Interest Income                                          |   |   | 9,576,082  |   |   |   | 8,988,389 |   |
|                                                         |   |   |       |   |   |   |   |   |
| Provision for Loan Losses                                    |   |   | 1,725,000  |   |   |   | 2,575,000 |   |
|                                                         |   |   |       |   |   |   |   |   |
| Net Interest Income After Provision for Loan Losses          |   |   | 7,851,082  |   |   |   | 6,413,389 |   |
|                                                         |   |   |       |   |   |   |   |   |
| Noninterest Income                                           |   |   |       |   |   |   |   |   |
| Fiduciary activities                                         |   |   | 205,746    |   |   |   | 166,138 |   |
| Commission income                                            |   |   | 1,072,276  |   |   |   | 869,368 |   |
| Service charges on deposit accounts                          |   |   | 1,000,534  |   |   |   | 895,264 |   |
| Mortgage banking operations, net                             |   |   | 521,452    |   |   |   | 736,681 |   |
| Net realized gains on sales of available-for-sale securities |   |   | 451,805    |   |   |   | 588,959 |   |
| Loan servicing fees                                          |   |   | 369,733    |   |   |   | 359,813 |   |
| Increase in cash surrender value of life insurance           |   |   | 171,863    |   |   |   | 178,676 |   |
| Other                                                        |   |   | 403,796    |   |   |   | 414,195 |   |
|                                                         |   |   |       |   |   |   |   |   |
| Total noninterest income                                     |   |   | 4,197,205  |   |   |   | 4,209,094 |   |

----

|                                                     |   | 2010   |      |   | 2009   |   |
|----------------------------------------------------------|--------|--------|-----------|--------|--------|--------|
| Noninterest Expense                                      |   |   |      |   |   |   |
| Salaries and employee benefits                           |   | $      | 5,865,742 |   |   | $      | 5,579,322 |   |
| Occupancy and equipment                                  |   |   | 1,023,853 |   |   |   | 1,075,728 |   |
| Data processing                                          |   |   | 400,404   |   |   |   | 356,666 |   |
| Professional                                             |   |   | 181,922   |   |   |   | 230,699 |   |
| Marketing                                                |   |   | 130,994   |   |   |   | 112,273 |   |
| Postage and office supplies                              |   |   | 279,349   |   |   |   | 287,671 |   |
| Deposit insurance premium                                |   |   | 417,993   |   |   |   | 555,223 |   |
| Impairment (recovery) on mortgage servicing rights asset |   |   | 100,809   |   |   |   | (122,790 | ) |
| Other                                                    |   |   | 1,175,281 |   |   |   | 1,050,935 |   |
|                                                     |   |   |      |   |   |   |   |   |
| Total noninterest expense                                |   |   | 9,576,347 |   |   |   | 9,125,727 |   |
|                                                     |   |   |      |   |   |   |   |   |
| Income Before Income Taxes                               |   |   | 2,471,940 |   |   |   | 1,496,756 |   |
|                                                     |   |   |      |   |   |   |   |   |
| Provision for Income Taxes                               |   |   | 405,480   |   |   |   | 100,589 |   |
|                                                     |   |   |      |   |   |   |   |   |
| Net Income                                               |   | $      | 2,066,460 |   |   | $      | 1,396,167 |   |
|                                                     |   |   |      |   |   |   |   |   |
| Basic Earnings Per Share                                 |   | $      | 1.09      |   |   | $      | 0.72 |   |
|                                                     |   |   |      |   |   |   |   |   |
| Diluted Earnings Per Share                               |   | $      | 1.08      |   |   | $      | 0.72 |   |
|                                                     |   |   |      |   |   |   |   |   |
| Cash Dividends Per Share                                 |   | $      | 0.30      |   |   | $      | 0.30 |   |

----

|                                                                             |   |                |       |   |    |   |    |       |   |   |       |   |
|----------------------------------------------------------------------------------|--------|---------------------|------------|--------|---------|--------|---------|------------|--------|--------|------------|--------|
|                                                                             |   |                |       |   |    |   |    | Additional |   |   |       |   |
|                                                                             |   | Issued Common Stock |       |   | Paid-in |   |    | Retained   |   |
|                                                                             |   | Shares              |       |   | Amount  |   |    | Capital    |   |   | Earnings   |   |
|                                                                             |   |                |       |   |    |   |    |       |   |   |       |   |
| Balance, January 1, 2009                                                         |   |                | 1,987,904  |   |    | $      | 19,879  |       |   | $      | 6,634,108  |   |   | $ | 17,268,043 |   |
|                                                                             |   |                |       |   |    |   |    |       |   |   |       |   |   |   |   |   |
| Comprehensive income                                                             |   |                |       |   |    |   |    |       |   |   |       |   |   |   |   |   |
| Net income                                                                       |   |                | —    |   |    |   | — |       |   |   | —    |   |   |   | 1,396,167 |   |
| Change in unrealized appreciation on available-for-sale securities, net of taxes |   |                | —    |   |    |   | — |       |   |   | —    |   |   |   | — |   |
|                                                                             |   |                |       |   |    |   |    |       |   |   |       |   |   |   |   |   |
| Total comprehensive income                                                       |   |                |       |   |    |   |    |       |   |   |       |   |   |   |   |   |
|                                                                             |   |                |       |   |    |   |    |       |   |   |       |   |   |   |   |   |
| Purchase of treasury stock (67,087 shares)                                       |   |                | —    |   |    |   | — |       |   |   | —    |   |   |   | — |   |
| Stock option compensation expense                                                |   |                | —    |   |    |   | — |       |   |   | 483        |   |   |   | — |   |
| Dividends on common stock, $.30 per share                                        |   |                | —    |   |    |   | — |       |   |   | —    |   |   |   | (264,704 | ) |
|                                                                             |   |                |       |   |    |   |    |       |   |   |       |   |   |   |   |   |
| Balance, December 31, 2009                                                       |   |                | 1,987,904  |   |    |   | 19,879  |       |   |   | 6,634,591  |   |   |   | 18,399,506 |   |
|                                                                             |   |                |       |   |    |   |    |       |   |   |       |   |   |   |   |   |
| Comprehensive income                                                             |   |                |       |   |    |   |    |       |   |   |       |   |   |   |   |   |
| Net income                                                                       |   |                | —    |   |    |   | — |       |   |   | —    |   |   |   | 2,066,460 |   |
| Change in unrealized depreciation on available-for-sale securities, net of taxes |   |                | —    |   |    |   | — |       |   |   | —    |   |   |   | — |   |
|                                                                             |   |                |       |   |    |   |    |       |   |   |       |   |   |   |   |   |
| Total comprehensive income                                                       |   |                |       |   |    |   |    |       |   |   |       |   |   |   |   |   |
|                                                                             |   |                |       |   |    |   |    |       |   |   |       |   |   |   |   |   |
| Corporate reorganization:                                                        |   |                |       |   |    |   |    |       |   |   |       |   |   |   |   |   |
| Merger of Jacksonville Bancorp, MHC                                              |   |                | (1,038,738 | )      |    |   | (10,387 | )          |   |   | 799,479    |   |   |   | — |   |
| Treasury stock retired                                                           |   |                | (67,087    | )      |    |   | (671    | )          |   |   | (485,710   | )      |   |   | — |   |
| Exchange of common stock                                                         |   |                | 1,258      |   |    |   | 12      |       |   |   | (1,542     | )      |   |   | — |   |
| Proceeds from stock offering, net of expenses of $1,180,415                      |   |                | 1,040,352  |   |    |   | 10,404  |       |   |   | 9,212,701  |   |   |   | — |   |
| Purchase of shares for ESOP                                                      |   |                | —    |   |    |   | — |       |   |   | —    |   |   |   | — |   |
| Common shares held by ESOP, committed to be released                             |   |                | —    |   |    |   | — |       |   |   | 441        |   |   |   | — |   |
| Dividends on common stock, $.30 per share                                        |   |                | —    |   |    |   | — |       |   |   | —    |   |   |   | (420,871 | ) |
|                                                                             |   |                |       |   |    |   |    |       |   |   |       |   |   |   |   |   |
| Balance, December 31, 2010                                                       |   |                | 1,923,689  |   |    | $      | 19,237  |       |   | $      | 16,159,960 |   |   | $ | 20,045,095 |   |

----

|                                                                             |   | Accumulated   |     |   |        |   |     |     |   |   |     |   |
|----------------------------------------------------------------------------------|--------|---------------|----------|--------|-------------|--------|----------|----------|--------|--------|----------|--------|
|                                                                             |   | Other         |     |   |        |   |     |     |   |   |     |   |
|                                                                             |   | Comprehensive |     |   | Unallocated |   |     | Treasury |   |   |     |   |
|                                                                             |   | Income (Loss) |     |   | ESOP        |   |     | Stock    |   |   | Total    |   |
|                                                                             |   |          |     |   |        |   |     |     |   |   |     |   |
| Balance, January 1, 2009                                                         |   | $             | 337,410  |   |        | $      | —  |     |   | $      | —  |   |   | $ | 24,259,440 |   |
|                                                                             |   |          |     |   |        |   |     |     |   |   |     |   |   |   |   |   |
| Comprehensive income                                                             |   |          |     |   |        |   |     |     |   |   |     |   |   |   |   |   |
| Net income                                                                       |   |          | —  |   |        |   | —  |     |   |   | —  |   |   |   | 1,396,167 |   |
| Change in unrealized appreciation on available-for-sale securities, net of taxes |   |          | 358,415  |   |        |   | —  |     |   |   | —  |   |   |   | 358,415 |   |
|                                                                             |   |          |     |   |        |   |     |     |   |   |     |   |   |   |   |   |
| Total comprehensive income                                                       |   |          |     |   |        |   |     |     |   |   |     |   |   |   | 1,754,582 |   |
|                                                                             |   |          |     |   |        |   |     |     |   |   |     |   |   |   |   |   |
| Purchase of treasury stock (67,087 shares)                                       |   |          | —  |   |        |   | —  |     |   |   | (486,381 | )      |   |   | (486,381 | ) |
| Stock option compensation expense                                                |   |          | —  |   |        |   | —  |     |   |   | —  |   |   |   | 483 |   |
| Dividends on common stock, $.30 per share                                        |   |          | —  |   |        |   | —  |     |   |   | —  |   |   |   | (264,704 | ) |
|                                                                             |   |          |     |   |        |   |     |     |   |   |     |   |   |   |   |   |
| Balance, December 31, 2009                                                       |   |          | 695,825  |   |        |   | —  |     |   |   | (486,381 | )      |   |   | 25,263,420 |   |
|                                                                             |   |          |     |   |        |   |     |     |   |   |     |   |   |   |   |   |
| Comprehensive income                                                             |   |          |     |   |        |   |     |     |   |   |     |   |   |   |   |   |
| Net income                                                                       |   |          | —  |   |        |   | —  |     |   |   | —  |   |   |   | 2,066,460 |   |
| Change in unrealized depreciation on available-for-sale securities, net of taxes |   |          | (846,627 | )      |        |   | —  |     |   |   | —  |   |   |   | (846,627 | ) |
|                                                                             |   |          |     |   |        |   |     |     |   |   |     |   |   |   |   |   |
| Total comprehensive income                                                       |   |          |     |   |        |   |     |     |   |   |     |   |   |   | 1,219,833 |   |
|                                                                             |   |          |     |   |        |   |     |     |   |   |     |   |   |   |   |   |
| Corporate reorganization:                                                        |   |          |     |   |        |   |     |     |   |   |     |   |   |   |   |   |
| Merger of Jacksonville Bancorp, MHC                                              |   |          | —  |   |        |   | —  |     |   |   | —  |   |   |   | 789,092 |   |
| Treasury stock retired                                                           |   |          | —  |   |        |   | —  |     |   |   | 486,381  |   |   |   | — |   |
| Exchange of common stock                                                         |   |          | —  |   |        |   | —  |     |   |   | —  |   |   |   | (1,530 | ) |
| Proceeds from stock offering, net of expenses of $1,180,415                      |   |          | —  |   |        |   | —  |     |   |   | —  |   |   |   | 9,223,105 |   |
| Purchase of shares for ESOP                                                      |   |          | —  |   |        |   | (416,140 | )        |   |   | —  |   |   |   | (416,140 | ) |
| Common shares held by ESOP, committed to be released                             |   |          | —  |   |        |   | 20,800   |     |   |   | —  |   |   |   | 21,241 |   |
| Dividends on common stock, $.30 per share                                        |   |          | —  |   |        |   | —  |     |   |   | —  |   |   |   | (420,871 | ) |
|                                                                             |   |          |     |   |        |   |     |     |   |   |     |   |   |   |   |   |
| Balance, December 31, 2010                                                       |   | $             | (150,802 | )      |        | $      | (395,340 | )        |   | $      | —  |   |   | $ | 35,678,150 |   |

----

|                                                                            |   | 2010   |        |   | 2009   |   |
|---------------------------------------------------------------------------------|--------|--------|-------------|--------|--------|--------|
| Operating Activities                                                            |   |   |        |   |   |   |
| Net income                                                                      |   | $      | 2,066,460   |   |   | $      | 1,396,167 |   |
| Items not requiring (providing) cash                                            |   |   |        |   |   |   |   |   |
| Depreciation and amortization                                                   |   |   | 355,670     |   |   |   | 406,469 |   |
| Provision for loan losses                                                       |   |   | 1,725,000   |   |   |   | 2,575,000 |   |
| Amortization of premiums and discounts on securities and loans                  |   |   | 786,494     |   |   |   | 955,364 |   |
| Deferred income taxes                                                           |   |   | (460,714    | )      |   |   | (17,047 | ) |
| Net realized gains on available-for-sale securities                             |   |   | (451,805    | )      |   |   | (588,959 | ) |
| Amortization of mortgage servicing rights                                       |   |   | 396,017     |   |   |   | 507,313 |   |
| Impairment (recovery) of mortgage servicing rights asset                        |   |   | 100,809     |   |   |   | (122,790 | ) |
| Increase in cash surrender value of life insurance                              |   |   | (144,252    | )      |   |   | (187,324 | ) |
| (Gains) losses on sales of foreclosed assets                                    |   |   | 1,164       |   |   |   | (11,701 | ) |
| Stock option compensation expense                                               |   |   | —     |   |   |   | 483 |   |
| Shares held by ESOP committed to be released                                    |   |   | 21,241      |   |   |   | — |   |
| Changes in                                                                      |   |   |        |   |   |   |   |   |
| Interest receivable                                                             |   |   | 115,615     |   |   |   | 356,108 |   |
| Other assets                                                                    |   |   | (828,451    | )      |   |   | (1,990,045 | ) |
| Interest payable                                                                |   |   | (178,646    | )      |   |   | (190,758 | ) |
| Other liabilities                                                               |   |   | 593,919     |   |   |   | 523,316 |   |
| Origination of loans held for sale                                              |   |   | (46,367,505 | )      |   |   | (66,814,834 | ) |
| Proceeds from sales of loans held for sale                                      |   |   | 47,375,208  |   |   |   | 66,699,701 |   |
|                                                                            |   |   |        |   |   |   |   |   |
| Net cash provided by operating activities                                       |   |   | 5,106,224   |   |   |   | 3,496,463 |   |
|                                                                            |   |   |        |   |   |   |   |   |
| Investing Activities                                                            |   |   |        |   |   |   |   |   |
| Purchases of available-for-sale securities                                      |   |   | (71,217,559 | )      |   |   | (101,825,114 | ) |
| Proceeds from maturities of available-for-sale securities                       |   |   | 27,714,036  |   |   |   | 43,966,667 |   |
| Proceeds from the sales of available-for-sale investments and other investments |   |   | 25,211,312  |   |   |   | 57,378,873 |   |
| Net change in loans                                                             |   |   | (5,008,693  | )      |   |   | 6,600,703 |   |
| Purchase of premises and equipment                                              |   |   | (247,886    | )      |   |   | (66,581 | ) |
| Proceeds from the sale of foreclosed assets                                     |   |   | 442,198     |   |   |   | 487,568 |   |
|                                                                            |   |   |        |   |   |   |   |   |
| Net cash provided by (used in) investing activities                             |   |   | (23,106,592 | )      |   |   | 6,542,116 |   |

----

|                                                                    |   | 2010   |       |   | 2009   |   |
|-------------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|
|                                                                    |   |   |       |   |   |   |
| Financing Activities                                                    |   |   |       |   |   |   |
| Net increase in demand deposits, money market, NOW and savings accounts |   | $      | 2,064,295  |   |   | $      | 11,424,556 |   |
| Net increase (decrease) in certificates of deposit                      |   |   | (340,871   | )      |   |   | 5,124,439 |   |
| Net increase (decrease) in short-term borrowings                        |   |   | 228,782    |   |   |   | (3,843,626 | ) |
| Repayment of Federal Home Loan Bank advances                            |   |   | —    |   |   |   | (13,500,000 | ) |
| Net increase in advances from borrowers for taxes and insurance         |   |   | 121,432    |   |   |   | 63,279 |   |
| Purchase of treasury stock                                              |   |   | —    |   |   |   | (486,381 | ) |
| Merger of Jacksonville Bancorp, MHC                                     |   |   | 789,092    |   |   |   | — |   |
| Cash paid for fractional shares in exchange                             |   |   | (1,530     | )      |   |   | — |   |
| Net proceeds from stock offering                                        |   |   | 9,223,105  |   |   |   | — |   |
| Purchase of shares for ESOP                                             |   |   | (416,140   | )      |   |   | — |   |
| Dividends paid                                                          |   |   | (420,871   | )      |   |   | (269,660 | ) |
|                                                                    |   |   |       |   |   |   |   |   |
| Net cash provided by (used in) financing activities                     |   |   | 11,247,294 |   |   |   | (1,487,393 | ) |
|                                                                    |   |   |       |   |   |   |   |   |
| Increase (Decrease) in Cash and Cash Equivalents                        |   |   | (6,753,074 | )      |   |   | 8,551,186 |   |
|                                                                    |   |   |       |   |   |   |   |   |
| Cash and Cash Equivalents, Beginning of Year                            |   |   | 15,696,474 |   |   |   | 7,145,288 |   |
|                                                                    |   |   |       |   |   |   |   |   |
| Cash and Cash Equivalents, End of Year                                  |   | $      | 8,943,400  |   |   | $      | 15,696,474 |   |
|                                                                    |   |   |       |   |   |   |   |   |
| Supplemental Cash Flows Information                                     |   |   |       |   |   |   |   |   |
|                                                                    |   |   |       |   |   |   |   |   |
| Interest paid                                                           |   | $      | 4,131,966  |   |   | $      | 5,622,286 |   |
|                                                                    |   |   |       |   |   |   |   |   |
| Income taxes paid                                                       |   | $      | 474,000    |   |   | $      | 559,000 |   |
|                                                                    |   |   |       |   |   |   |   |   |
| Sale and financing of foreclosed assets                                 |   | $      | 141,430    |   |   | $      | 218,636 |   |
|                                                                    |   |   |       |   |   |   |   |   |
| Real estate acquired in settlement of loans                             |   | $      | 669,699    |   |   | $      | 307,915 |   |
|                                                                    |   |   |       |   |   |   |   |   |
| Dividends declared not paid                                             |   | $      | 144,278    |   |   | $      | 66,157 |   |

----

| Note 1: | Nature of Operations and Summary of Significant Accounting Policies |
|---------|---------------------------------------------------------------------|

----

|   | Principles of Consolidation and Financial Statement Presentation |
|--------|------------------------------------------------------------------|

----

----

----

| Buildings and improvements | 35-40 years |
|----------------------------|-------------|
| Equipment                  | 3-5 years   |

----

----

----

----

----

| Note 2: | Second Step Conversion |
|---------|------------------------|

----

| Note 3: | Restriction on Cash and Due From Banks |
|---------|----------------------------------------|

| Note 4: | Securities |
|---------|------------|

|                                                                        |   | AmortizedCost |       |   | GrossUnrealizedGains |   |      | GrossUnrealizedLosses |   |   | Fair Value |   |
|-----------------------------------------------------------------------------|--------|---------------|------------|--------|----------------------|--------|-----------|-----------------------|--------|--------|------------|--------|
| Available-for-sale Securities                                               |   |          |       |   |                 |   |      |                  |   |   |       |   |
| December 31, 2010:                                                          |   |          |       |   |                 |   |      |                  |   |   |       |   |
| U.S. Government and agencies                                                |   | $             | 12,530,787 |   |                 | $      | 112,102   |                  |   | $      | (93,947    | )      |   | $ | 12,548,942 |   |
| Mortgage-backed securities (Government-sponsored enterprises - residential) |   |          | 41,979,525 |   |                 |   | 480,709   |                  |   |   | (465,384   | )      |   |   | 41,994,850 |   |
| Municipal bonds                                                             |   |          | 40,584,897 |   |                 |   | 407,015   |                  |   |   | (668,983   | )      |   |   | 40,322,929 |   |
|                                                                        |   |          |       |   |                 |   |      |                  |   |   |       |   |   |   |   |   |
|                                                                        |   | $             | 95,095,209 |   |                 | $      | 999,826   |                  |   | $      | (1,228,314 | )      |   | $ | 94,866,721 |   |
|                                                                        |   |          |       |   |                 |   |      |                  |   |   |       |   |   |   |   |   |
| December 31, 2009:                                                          |   |          |       |   |                 |   |      |                  |   |   |       |   |   |   |   |   |
| U.S. Government and agencies                                                |   | $             | 9,036,752  |   |                 | $      | 70,820    |                  |   | $      | (27,556    | )      |   | $ | 9,080,016 |   |
| Mortgage-backed securities (Government-sponsored enterprises - residential) |   |          | 40,428,279 |   |                 |   | 610,634   |                  |   |   | (54,518    | )      |   |   | 40,984,395 |   |
| Municipal bonds                                                             |   |          | 27,661,381 |   |                 |   | 531,363   |                  |   |   | (76,462    | )      |   |   | 28,116,282 |   |
|                                                                        |   |          |       |   |                 |   |      |                  |   |   |       |   |   |   |   |   |
|                                                                        |   | $             | 77,126,412 |   |                 | $      | 1,212,817 |                  |   | $      | (158,536   | )      |   | $ | 78,180,693 |   |

----

|                       |   | Available-for-sale |       |
|----------------------------|--------|--------------------|------------|
|                       |   | AmortizedCost      |       |   | FairValue |   |
|                       |   |               |       |   |   |   |
| Within one year            |   | $                  | 91,678     |   |   | $ | 91,733 |   |
| One to five years          |   |               | 13,607,859 |   |   |   | 13,740,590 |   |
| Five to ten years          |   |               | 22,180,218 |   |   |   | 22,217,670 |   |
| After ten years            |   |               | 17,235,929 |   |   |   | 16,821,878 |   |
|                       |   |               | 53,115,684 |   |   |   | 52,871,871 |   |
| Mortgage-backed securities |   |               | 41,979,525 |   |   |   | 41,994,850 |   |
|                       |   |               |       |   |   |   |   |   |
| Totals                     |   | $                  | 95,095,209 |   |   | $ | 94,866,721 |   |

----

|                                                                        |   | December 31, 2010   |       |   |              |   |
|-----------------------------------------------------------------------------|--------|---------------------|------------|--------|-------------------|--------|
|                                                                        |   | Less than 12 Months |       |   | 12 Months or More |   |   | Total |   |
| Description ofSecurities                                                    |   | Fair Value          |       |   | UnrealizedLosses  |   |   | Fair Value |   |   | UnrealizedLosses |   |   | Fair Value |   |   | UnrealizedLosses |   |
|                                                                        |   |                |       |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Available-for-sale Securities                                               |   |                |       |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                        |   |                |       |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |
| U.S. Government and agencies                                                |   | $                   | 2,433,233  |   |              | $      | (93,947 | ) |   | $ | — |   |   | $ | — |   |   | $ | 2,433,233 |   |   | $ | (93,947 | ) |
| Mortgage-backed securities (Government-sponsored enterprises - residential) |   |                | 20,455,620 |   |              |   | (465,384 | ) |   |   | — |   |   |   | — |   |   |   | 20,455,620 |   |   |   | (465,384 | ) |
| Municipal bonds                                                             |   |                | 23,125,996 |   |              |   | (668,983 | ) |   |   | — |   |   |   | — |   |   |   | 23,125,996 |   |   |   | (668,983 | ) |
|                                                                        |   |                |       |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total temporarily impaired securities                                       |   | $                   | 46,014,849 |   |              | $      | (1,228,314 | ) |   | $ | — |   |   | $ | — |   |   | $ | 46,014,849 |   |   | $ | (1,228,314 | ) |

|                                                                        |   | December 31, 2009   |       |   |              |   |
|-----------------------------------------------------------------------------|--------|---------------------|------------|--------|-------------------|--------|
|                                                                        |   | Less than 12 Months |       |   | 12 Months or More |   |   | Total |   |
| Description ofSecurities                                                    |   | Fair Value          |       |   | UnrealizedLosses  |   |   | Fair Value |   |   | UnrealizedLosses |   |   | Fair Value |   |   | UnrealizedLosses |   |
|                                                                        |   |                |       |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Available-for-sale Securities                                               |   |                |       |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                        |   |                |       |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |
| U.S. Government and agencies                                                |   | $                   | 2,477,539  |   |              | $      | (27,556 | ) |   | $ | — |   |   | $ | — |   |   | $ | 2,477,539 |   |   | $ | (27,556 | ) |
| Mortgage-backed securities (Government-sponsored enterprises - residential) |   |                | 7,435,781  |   |              |   | (54,518 | ) |   |   | — |   |   |   | — |   |   |   | 7,435,781 |   |   |   | (54,518 | ) |
| Municipal bonds                                                             |   |                | 7,525,639  |   |              |   | (76,462 | ) |   |   | — |   |   |   | — |   |   |   | 7,525,639 |   |   |   | (76,462 | ) |
|                                                                        |   |                |       |   |              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total temporarily impaired securities                                       |   | $                   | 17,438,959 |   |              | $      | (158,536 | ) |   | $ | — |   |   | $ | — |   |   | $ | 17,438,959 |   |   | $ | (158,536 | ) |

----

| Note 5: | Loans and Allowance for Loan Losses |
|---------|-------------------------------------|

|                                |   | 2010   |        |   | 2009   |   |
|-------------------------------------|--------|--------|-------------|--------|--------|--------|
|                                |   |   |        |   |   |   |
| Mortgage loans on real estate       |   |   |        |   |   |   |
| Residential 1-4 family              |   | $      | 37,227,211  |   |   | $      | 38,580,967 |   |
| Commercial                          |   |   | 45,361,944  |   |   |   | 34,773,390 |   |
| Agricultural                        |   |   | 28,163,488  |   |   |   | 26,220,405 |   |
| Home equity                         |   |   | 19,526,162  |   |   |   | 28,119,373 |   |
| Total mortgage loans on real estate |   |   | 130,278,805 |   |   |   | 127,694,135 |   |
|                                |   |   |        |   |   |   |   |   |
| Commercial loans                    |   |   | 22,810,203  |   |   |   | 25,548,697 |   |
| Agricultural                        |   |   | 8,176,396   |   |   |   | 8,844,759 |   |
| Consumer                            |   |   | 18,190,307  |   |   |   | 13,954,476 |   |
|                                |   |   | 179,455,711 |   |   |   | 176,042,067 |   |
|                                |   |   |        |   |   |   |   |   |
| Less                                |   |   |        |   |   |   |   |   |
| Net deferred loan fees              |   |   | 49,307      |   |   |   | 68,756 |   |
| Allowance for loan losses           |   |   | 2,964,285   |   |   |   | 2,290,001 |   |
|                                |   |   |        |   |   |   |   |   |
| Net loans                           |   | $      | 176,442,119 |   |   | $      | 173,683,310 |   |

----

|                                                                       |   | 2010       |       |
|----------------------------------------------------------------------------|--------|------------|------------|
|                                                                       |   | 1-4 Family |       |   | CommercialReal Estate |   |   | AgriculturalReal Estate |   |   | Commercial |   |   | Agricultural |   |   | Home Equity |   |   | Consumer |   |   | Unallocated |   |   | Total |   |
|                                                                       |   |       |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Allowance for loan losses:                                                 |   |       |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, beginning of year                                                 |   | $          | 391,762    |   |   | $ | 738,996 |   |   | $ | 73,257 |   |   | $ | 631,347 |   |   | $ | 21,242 |   |   | $ | 249,312 |   |   | $ | 88,044 |   |   | $ | 96,041 |   |   | $ | 2,290,001 |   |
| Provision charged to expense                                               |   |       | 246,401    |   |   |   | 1,217,072 |   |   |   | 19,731 |   |   |   | (21,371 | ) |   |   | 37,008 |   |   |   | 126,477 |   |   |   | 74,236 |   |   |   | 25,446 |   |   |   | 1,725,000 |   |
| Losses charged off                                                         |   |       | (98,245    | ) |   |   | (787,191 | ) |   |   | — |   |   |   | (144,100 | ) |   |   | — |   |   |   | (88,106 | ) |   |   | (11,070 | ) |   |   | — |   |   |   | (1,128,712 | ) |
| Recoveries                                                                 |   |       | 21,391     |   |   |   | 25,051 |   |   |   | — |   |   |   | 6,500 |   |   |   | — |   |   |   | 12,574 |   |   |   | 12,480 |   |   |   | — |   |   |   | 77,996 |   |
| Balance, end of year                                                       |   | $          | 561,309    |   |   | $ | 1,193,928 |   |   | $ | 92,988 |   |   | $ | 472,376 |   |   | $ | 58,250 |   |   | $ | 300,257 |   |   | $ | 163,690 |   |   | $ | 121,487 |   |   | $ | 2,964,285 |   |
| Ending balance:  individually evaluated for impairment           |   | $          | 89,795     |   |   | $ | 428,514 |   |   | $ | — |   |   | $ | 72,393 |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | 590,702 |   |
| Ending balance:  collectively evaluated for impairment           |   | $          | 471,514    |   |   | $ | 765,414 |   |   | $ | 92,988 |   |   | $ | 399,983 |   |   | $ | 58,250 |   |   | $ | 300,257 |   |   | $ | 163,690 |   |   | $ | 121,487 |   |   | $ | 2,373,583 |   |
| Ending balance:  loans acquired with deteriorated credit quality |   | $          | —    |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |
|                                                                       |   |       |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans:                                                                     |   |       |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance                                                             |   | $          | 37,227,211 |   |   | $ | 45,361,944 |   |   | $ | 28,163,488 |   |   | $ | 22,810,203 |   |   | $ | 8,176,396 |   |   | $ | 19,526,162 |   |   | $ | 18,190,307 |   |   | $ | — |   |   | $ | 179,455,711 |   |
| Ending balance:  individually evaluated for impairment           |   | $          | 369,749    |   |   | $ | 2,220,562 |   |   | $ | — |   |   | $ | 606,273 |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | 3,196,584 |   |
| Ending balance:  collectively evaluated for impairment           |   | $          | 36,857,462 |   |   | $ | 43,141,382 |   |   | $ | 28,163,488 |   |   | $ | 22,203,930 |   |   | $ | 8,176,396 |   |   | $ | 19,526,162 |   |   | $ | 18,190,307 |   |   | $ | — |   |   | $ | 176,259,127 |   |
| Ending balance:  loans acquired with deteriorated credit quality |   | $          | —    |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |

----

|                                                                       |   | 2009       |       |
|----------------------------------------------------------------------------|--------|------------|------------|
|                                                                       |   | 1-4 Family |       |   | CommercialReal Estate |   |   | AgriculturalReal Estate |   |   | Commercial |   |   | Agricultural |   |   | Home Equity |   |   | Consumer |   |   | Unallocated |   |   | Total |   |
|                                                                       |   |       |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Allowance for loan losses:                                                 |   |       |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, beginning of year                                                 |   | $          | 510,315    |   |   | $ | 519,839 |   |   | $ | 28,862 |   |   | $ | 287,611 |   |   | $ | 16,211 |   |   | $ | 300,622 |   |   | $ | 85,230 |   |   | $ | 185,382 |   |   | $ | 1,934,072 |   |
| Provision charged to expense                                               |   |       | 26,920     |   |   |   | 326,710 |   |   |   | 44,395 |   |   |   | 2,226,556 |   |   |   | 5,031 |   |   |   | 3,471 |   |   |   | 31,258 |   |   |   | (89,341 | ) |   |   | 2,575,000 |   |
| Losses charged off                                                         |   |       | (146,431   | ) |   |   | (111,836 | ) |   |   | — |   |   |   | (1,882,820 | ) |   |   | — |   |   |   | (58,581 | ) |   |   | (43,445 | ) |   |   | — |   |   |   | (2,243,113 | ) |
| Recoveries                                                                 |   |       | 958        |   |   |   | 4,283 |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 3,800 |   |   |   | 15,001 |   |   |   | — |   |   |   | 24,042 |   |
| Balance, end of year                                                       |   | $          | 391,762    |   |   | $ | 738,996 |   |   | $ | 73,257 |   |   | $ | 631,347 |   |   | $ | 21,242 |   |   | $ | 249,312 |   |   | $ | 88,044 |   |   | $ | 96,041 |   |   | $ | 2,290,001 |   |
| Ending balance:  individually evaluated for impairment           |   | $          | 78,604     |   |   | $ | 188,656 |   |   | $ | — |   |   | $ | 292,221 |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | 559,481 |   |
| Ending balance:  collectively evaluated for impairment           |   | $          | 313,158    |   |   | $ | 550,340 |   |   | $ | 73,257 |   |   | $ | 339,126 |   |   | $ | 21,242 |   |   | $ | 249,312 |   |   | $ | 88,044 |   |   | $ | 96,041 |   |   | $ | 1,730,520 |   |
| Ending balance:  loans acquired with deteriorated credit quality |   | $          | —    |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |
|                                                                       |   |       |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans:                                                                     |   |       |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ending balance                                                             |   | $          | 38,580,967 |   |   | $ | 34,773,390 |   |   | $ | 26,220,405 |   |   | $ | 25,548,697 |   |   | $ | 8,844,759 |   |   | $ | 28,119,373 |   |   | $ | 13,954,476 |   |   | $ | — |   |   | $ | 176,042,067 |   |
| Ending balance:  individually evaluated for impairment           |   | $          | 474,254    |   |   | $ | 1,923,300 |   |   | $ | — |   |   | $ | 1,047,710 |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   |   | — |   |   | $ | 3,445,264 |   |
| Ending balance:  collectively evaluated for impairment           |   | $          | 38,106,713 |   |   | $ | 32,850,090 |   |   | $ | 26,220,405 |   |   | $ | 24,500,987 |   |   | $ | 8,844,759 |   |   | $ | 28,119,373 |   |   | $ | 13,954,476 |   |   | $ | — |   |   | $ | 172,596,803 |   |
| Ending balance:  loans acquired with deteriorated credit quality |   | $          | —    |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |

|       |   | 1-4 Family |       |   | Commercial Real Estate |   |       | Agricultural Real Estate |   |   | Commercial |   |   | Agricultural Business |       |
|------------|--------|------------|------------|--------|------------------------|--------|------------|--------------------------|--------|--------|------------|--------|--------|-----------------------|------------|
|       |   | 2010       |       |   | 2009                   |   |       | 2010                     |   |   | 2009       |   |   | 2010                  |       |   | 2009 |   |   | 2010 |   |   | 2009 |   |   | 2010 |   |   | 2009 |   |
|       |   |       |       |   |                   |   |       |                     |   |   |       |   |   |                  |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Pass       |   | $          | 34,258,180 |   |                   | $      | 35,980,574 |                     |   | $      | 41,534,866 |   |   | $                     | 31,717,757 |   |   | $ | 27,768,600 |   |   | $ | 26,069,974 |   |   | $ | 21,621,978 |   |   | $ | 21,683,588 |   |   | $ | 7,818,536 |   |   | $ | 8,777,131 |   |
| Spec. Ment |   |       | 1,476,077  |   |                   |   | 1,226,983  |                     |   |   | 733,561    |   |   |                  | 2,125,881  |   |   |   | 394,888 |   |   |   | 14,473 |   |   |   | 186,598 |   |   |   | 2,190,082 |   |   |   | 357,860 |   |   |   | 67,628 |   |
| Subst.     |   |       | 1,492,954  |   |                   |   | 1,373,410  |                     |   |   | 3,093,517  |   |   |                  | 929,752    |   |   |   | — |   |   |   | 135,958 |   |   |   | 1,001,627 |   |   |   | 1,675,027 |   |   |   | — |   |   |   | — |   |
|       |   |       |       |   |                   |   |       |                     |   |   |       |   |   |                  |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      |   | $          | 37,227,211 |   |                   | $      | 38,580,967 |                     |   | $      | 45,361,944 |   |   | $                     | 34,773,390 |   |   | $ | 28,163,488 |   |   | $ | 26,220,405 |   |   | $ | 22,810,203 |   |   | $ | 25,548,697 |   |   | $ | 8,176,396 |   |   | $ | 8,844,759 |   |

|            |   | Home Equity |       |   | Consumer |   |
|-----------------|--------|-------------|------------|--------|----------|--------|
|            |   | 2010        |       |   | 2009     |   |   | 2010 |   |   | 2009 |   |
|            |   |        |       |   |     |   |   |   |   |   |   |   |
| Rating:         |   |        |       |   |     |   |   |   |   |   |   |   |
| Pass            |   | $           | 18,064,116 |   |     | $      | 26,773,821 |   |   | $ | 17,471,747 |   |   | $ | 13,684,899 |   |
| Special Mention |   |        | 223,034    |   |     |   | 769,518 |   |   |   | 570,589 |   |   |   | 94,879 |   |
| Substandard     |   |        | 1,239,012  |   |     |   | 576,034 |   |   |   | 147,971 |   |   |   | 174,698 |   |
|            |   |        |       |   |     |   |   |   |   |   |   |   |   |   |   |   |
| Total           |   | $           | 19,526,162 |   |     | $      | 28,119,373 |   |   | $ | 18,190,307 |   |   | $ | 13,954,476 |   |

----

|                     |   | 2010               |      |
|--------------------------|--------|--------------------|-----------|
|                     |   | 30-59 DaysPast Due |      |   | 60-89 DaysPast Due |   |   | Greater Than90 Days |   |   | Total PastDue |   |   | Current |   |   | Total LoansReceivable |   |   | Total Loans >90 Days &Accruing |   |
|                     |   |               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 1-4 Family               |   | $                  | 458,119   |   |   | $ | 161,875 |   |   | $ | 846,582 |   |   | $ | 1,466,576 |   |   | $ | 35,760,635 |   |   | $ | 37,227,211 |   |   | $ | — |   |
| Agricultural real estate |   |               | —   |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 28,163,488 |   |   |   | 28,163,488 |   |   |   | — |   |
| Commercial real estate   |   |               | 921,392   |   |   |   | 146,090 |   |   |   | 521,012 |   |   |   | 1,588,494 |   |   |   | 43,773,450 |   |   |   | 45,361,944 |   |   |   | — |   |
| Agricultural business    |   |               | —   |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 8,176,396 |   |   |   | 8,176,396 |   |   |   | — |   |
| Commercial:              |   |               | 6,024     |   |   |   | — |   |   |   | — |   |   |   | 6,024 |   |   |   | 22,804,179 |   |   |   | 22,810,203 |   |   |   | — |   |
| Home equity              |   |               | 511,203   |   |   |   | 10,387 |   |   |   | 275,179 |   |   |   | 796,769 |   |   |   | 18,729,393 |   |   |   | 19,526,162 |   |   |   | — |   |
| Consumer                 |   |               | 78,216    |   |   |   | 76,859 |   |   |   | 9,383 |   |   |   | 164,458 |   |   |   | 18,025,849 |   |   |   | 18,190,307 |   |   |   | — |   |
|                     |   |               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                    |   | $                  | 1,974,954 |   |   | $ | 395,211 |   |   | $ | 1,652,156 |   |   | $ | 4,022,321 |   |   | $ | 175,433,390 |   |   | $ | 179,455,711 |   |   | $ | — |   |

----

|                     |   | 2009               |      |
|--------------------------|--------|--------------------|-----------|
|                     |   | 30-59 DaysPast Due |      |   | 60-89 DaysPast Due |   |   | Greater Than90 Days |   |   | Total PastDue |   |   | Current |   |   | Total LoansReceivable |   |   | Total Loans >90 Days &Accruing |   |
|                     |   |               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 1-4 Family               |   | $                  | 479,946   |   |   | $ | 214,358 |   |   | $ | 744,015 |   |   | $ | 1,438,319 |   |   | $ | 37,142,648 |   |   | $ | 38,580,967 |   |   | $ | 348,723 |   |
| Agricultural real estate |   |               | —   |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 26,220,405 |   |   |   | 26,220,405 |   |   |   | — |   |
| Commercial real estate   |   |               | 375,416   |   |   |   | 542,638 |   |   |   | 152,538 |   |   |   | 1,070,592 |   |   |   | 33,702,798 |   |   |   | 34,773,390 |   |   |   | — |   |
| Agricultural business    |   |               | —   |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 8,844,759 |   |   |   | 8,844,759 |   |   |   | — |   |
| Commercial:              |   |               | 277,926   |   |   |   | 13,843 |   |   |   | 83,644 |   |   |   | 375,413 |   |   |   | 25,173,284 |   |   |   | 25,548,697 |   |   |   | — |   |
| Home equity              |   |               | 470,380   |   |   |   | 42,102 |   |   |   | 193,635 |   |   |   | 706,117 |   |   |   | 27,413,256 |   |   |   | 28,119,373 |   |   |   | — |   |
| Consumer                 |   |               | 141,392   |   |   |   | 8,313 |   |   |   | 35,064 |   |   |   | 184,769 |   |   |   | 13,769,707 |   |   |   | 13,954,476 |   |   |   | 7,811 |   |
|                     |   |               |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                    |   | $                  | 1,745,060 |   |   | $ | 821,254 |   |   | $ | 1,208,896 |   |   | $ | 3,775,210 |   |   | $ | 172,266,857 |   |   | $ | 176,042,067 |   |   | $ | 356,534 |   |

----

|                                         |   | 2010            |      |
|----------------------------------------------|--------|-----------------|-----------|
|                                         |   | RecordedBalance |      |   | UnpaidPrincipalBalance |   |   | SpecificAllowance |   |   | AverageInvestment inImpairedLoans |   |   | InterestIncomeRecognized |   |
|                                         |   |            |      |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans without a specific valuation allowance |   |            |      |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial real estate                       |   | $               | 127,653   |   |   | $ | 127,653 |   |   | $ | — |   |   | $ | 309,365 |   |   | $ | 14,432 |   |
| Commercial                                   |   |            | —   |   |   |   | — |   |   |   | — |   |   |   | 10,636 |   |   |   | 545 |   |
| Consumer                                     |   |            | —   |   |   |   | — |   |   |   | — |   |   |   | 10,762 |   |   |   | 628 |   |
| Loans with a specific valuation allowance    |   |            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 1-4 family                                   |   |            | 369,749   |   |   |   | 369,749 |   |   |   | 109,622 |   |   |   | 536,944 |   |   |   | 4,785 |   |
| Commercial real estate                       |   |            | 2,092,909 |   |   |   | 2,092,909 |   |   |   | 408,687 |   |   |   | 2,578,312 |   |   |   | 77,973 |   |
| Commercial                                   |   |            | 606,273   |   |   |   | 606,273 |   |   |   | 72,393 |   |   |   | 722,393 |   |   |   | 36,958 |   |
| Consumer                                     |   |            | —   |   |   |   | — |   |   |   | — |   |   |   | 5,106 |   |   |   | 425 |   |
| Total:                                       |   |            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 1-4 family                                   |   |            | 369,749   |   |   |   | 369,749 |   |   |   | 109,622 |   |   |   | 536,944 |   |   |   | 4,785 |   |
| Commercial real estate                       |   |            | 2,220,562 |   |   |   | 2,220,562 |   |   |   | 408,687 |   |   |   | 2,887,677 |   |   |   | 92,405 |   |
| Commercial                                   |   |            | 606,273   |   |   |   | 606,273 |   |   |   | 72,393 |   |   |   | 733,029 |   |   |   | 37,503 |   |
| Consumer                                     |   |            | —   |   |   |   | — |   |   |   | — |   |   |   | 15,868 |   |   |   | 1,053 |   |
|                                         |   |            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                        |   | $               | 3,196,584 |   |   | $ | 3,196,584 |   |   | $ | 590,702 |   |   | $ | 4,173,518 |   |   | $ | 135,746 |   |

----

|                                         |   | 2009            |      |
|----------------------------------------------|--------|-----------------|-----------|
|                                         |   | RecordedBalance |      |   | UnpaidPrincipalBalance |   |   | SpecificAllowance |   |   | AverageInvestment inImpairedLoans |   |   | InterestIncomeRecognized |   |
|                                         |   |            |      |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans without a specific valuation allowance |   |            |      |   |   |   |   |   |   |   |   |   |   |   |   |
| Home equity                                  |   | $               | —   |   |   | $ | — |   |   | $ | — |   |   | $ | 9,210 |   |   | $ | 420 |   |
| Consumer                                     |   |            | 1,085     |   |   |   | 1,085 |   |   |   | — |   |   |   | 4,189 |   |   |   | — |   |
| Loans with a specific valuation allowance    |   |            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 1-4 family                                   |   |            | 530,004   |   |   |   | 530,004 |   |   |   | 241,600 |   |   |   | 550,645 |   |   |   | 15,935 |   |
| Commercial real estate                       |   |            | 1,845,113 |   |   |   | 1,845,113 |   |   |   | 281,536 |   |   |   | 1,989,545 |   |   |   | 115,835 |   |
| Commercial                                   |   |            | 1,069,062 |   |   |   | 1,069,062 |   |   |   | 36,345 |   |   |   | 2,704,383 |   |   |   | 90,997 |   |
| Total:                                       |   |            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 1-4 family                                   |   |            | 530,004   |   |   |   | 530,004 |   |   |   | 241,600 |   |   |   | 550,645 |   |   |   | 15,935 |   |
| Commercial real estate                       |   |            | 1,845,113 |   |   |   | 1,845,113 |   |   |   | 281,536 |   |   |   | 1,989,545 |   |   |   | 115,835 |   |
| Commercial                                   |   |            | 1,069,062 |   |   |   | 1,069,062 |   |   |   | 36,345 |   |   |   | 2,704,383 |   |   |   | 90,997 |   |
| Home equity                                  |   |            | —   |   |   |   | — |   |   |   | — |   |   |   | 9,210 |   |   |   | 420 |   |
| Consumer                                     |   |            | 1,085     |   |   |   | 1,085 |   |   |   | — |   |   |   | 4,189 |   |   |   | — |   |
|                                         |   |            |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                        |   | $               | 3,445,264 |   |   | $ | 3,445,264 |   |   | $ | 559,481 |   |   | $ | 5,257,972 |   |   | $ | 223,187 |   |

|                     |   | 2010   |      |   | 2009   |   |
|--------------------------|--------|--------|-----------|--------|--------|--------|
|                     |   |   |      |   |   |   |
| 1-4 family               |   | $      | 1,019,252 |   |   | $      | 483,643 |   |
| Agricultural real estate |   |   | —   |   |   |   | — |   |
| Commercial real estate   |   |   | 1,359,060 |   |   |   | 405,701 |   |
| Agricultural business    |   |   | —   |   |   |   | — |   |
| Commercial               |   |   | 84,361    |   |   |   | 240,296 |   |
| Home equity              |   |   | 565,905   |   |   |   | 407,080 |   |
| Consumer                 |   |   | 106,159   |   |   |   | 60,307 |   |
|                     |   |   |      |   |   |   |   |   |
| Total                    |   | $      | 3,134,737 |   |   | $      | 1,597,027 |   |

----

| Note 6: | Premises and Equipment |
|---------|------------------------|

|                          |   | 2010   |       |   | 2009   |   |
|-------------------------------|--------|--------|------------|--------|--------|--------|
|                          |   |   |       |   |   |   |
| Land                          |   | $      | 983,276    |   |   | $      | 983,276 |   |
| Buildings and improvements    |   |   | 7,540,045  |   |   |   | 7,542,073 |   |
| Equipment                     |   |   | 4,659,444  |   |   |   | 4,440,594 |   |
|                          |   |   | 13,182,765 |   |   |   | 12,965,943 |   |
| Less accumulated depreciation |   |   | (7,523,691 | )      |   |   | (7,199,085 | ) |
|                          |   |   |       |   |   |   |   |   |
| Net premises and equipment    |   | $      | 5,659,074  |   |   | $      | 5,766,858 |   |

| Note 7: | Loan Servicing |
|---------|----------------|

|                                         |   | 2010   |      |   | 2009   |   |
|----------------------------------------------|--------|--------|-----------|--------|--------|--------|
| Mortgage servicing rights                    |   |   |      |   |   |   |
| Balance, beginning of year                   |   | $      | 1,006,755 |   |   | $      | 973,524 |   |
| Additions                                    |   |   | 257,316   |   |   |   | 391,746 |   |
| Amortization                                 |   |   | (302,755  | )      |   |   | (358,515 | ) |
| Balance at end of year                       |   |   | 961,316   |   |   |   | 1,006,755 |   |
|                                         |   |   |      |   |   |   |   |   |
| Valuation allowances                         |   |   |      |   |   |   |   |   |
| Balance at beginning of year                 |   |   | 156,442   |   |   |   | 428,030 |   |
| Additions due to decreases in market value   |   |   | 165,651   |   |   |   | — |   |
| Reduction due to increases in market value   |   |   | (64,842   | )      |   |   | (122,790 | ) |
| Reduction due to payoff of loans             |   |   | (93,262   | )      |   |   | (148,798 | ) |
| Balances at end of year                      |   |   | 163,989   |   |   |   | 156,442 |   |
|                                         |   |   |      |   |   |   |   |   |
| Mortgage servicing assets, net               |   | $      | 797,327   |   |   | $      | 850,313 |   |
|                                         |   |   |      |   |   |   |   |   |
| Fair value disclosures                       |   |   |      |   |   |   |   |   |
| Fair value as of the beginning of the period |   | $      | 1,083,576 |   |   | $      | 545,494 |   |
| Fair value as of the end of the period       |   | $      | 1,012,722 |   |   | $      | 1,083,576 |   |

----

| Note 8: | Interest-bearing Deposits |
|---------|---------------------------|

|                           |   | December 31, |      |
|--------------------------------|--------|--------------|-----------|
|                           |   | 2010         |      |   | 2009 |   |
|                           |   |         |      |   |   |   |
| Savings, NOW and Money Market  |   | $            | 579,178   |   |   | $ | 729,009 |   |
| Certificates of deposit        |   |         | 3,362,983 |   |   |   | 4,586,264 |   |
|                           |   |         |      |   |   |   |   |   |
| Total deposit interest expense |   | $            | 3,942,161 |   |   | $ | 5,315,273 |   |

| 2011   |   | $      | 94,508,604  |   |
|--------|--------|--------|-------------|--------|
| 2012   |   |   | 27,175,130  |   |
| 2013   |   |   | 4,489,924   |   |
| 2014   |   |   | 5,488,422   |   |
| 2015   |   |   | 13,617,115  |   |
|   |   |   |        |   |
|   |   | $      | 145,279,195 |   |

----

| Note 9: | Short-term Borrowings |
|---------|-----------------------|

| Note 10: | Income Taxes |
|----------|--------------|

|                    |   | 2010   |     |   | 2009   |   |
|-------------------------|--------|--------|----------|--------|--------|--------|
|                    |   |   |     |   |   |   |
| Taxes currently payable |   |   |     |   |   |   |
| Federal                 |   | $      | 866,194  |   |   | $      | 117,636 |   |
| State                   |   |   | —  |   |   |   | — |   |
| Deferred income taxes   |   |   | (460,714 | )      |   |   | (17,047 | ) |
|                    |   |   |     |   |   |   |   |   |
| Income tax expense      |   | $      | 405,480  |   |   | $      | 100,589 |   |

----

|                                                   |   | 2010   |     |   | 2009   |   |
|--------------------------------------------------------|--------|--------|----------|--------|--------|--------|
|                                                   |   |   |     |   |   |   |
| Computed at the statutory rate (34%)                   |   | $      | 840,459  |   |   | $      | 508,897 |   |
| Increase (decrease) resulting from Tax exempt interest |   |   | (427,603 | )      |   |   | (354,497 | ) |
| Graduated tax rates                                    |   |   | (24,719  | )      |   |   | (14,968 | ) |
| State income taxes, net                                |   |   | 103,306  |   |   |   | 58,345 |   |
| Increase in cash surrender value                       |   |   | (58,433  | )      |   |   | (60,750 | ) |
| Other                                                  |   |   | (27,530  | )      |   |   | (36,438 | ) |
|                                                   |   |   |     |   |   |   |   |   |
| Actual tax expense                                     |   | $      | 405,480  |   |   | $      | 100,589 |   |
|                                                   |   |   |     |   |   |   |   |   |
| Tax expense as a percentage of pre-tax income          |   |   | 16.40    | %      |   |   | 6.72 | % |

|                                               |   | 2010   |      |   | 2009   |   |
|----------------------------------------------------|--------|--------|-----------|--------|--------|--------|
| Deferred tax assets                                |   |   |      |   |   |   |
| Allowance for loan losses                          |   | $      | 1,025,297 |   |   | $      | 763,554 |   |
| Deferred compensation                              |   |   | 1,188,078 |   |   |   | 1,097,085 |   |
| State net operating loss carryforward              |   |   | 117,202   |   |   |   | 160,488 |   |
| Unrealized losses on securities available-for-sale |   |   | 77,686    |   |   |   | — |   |
| Other                                              |   |   | 76,054    |   |   |   | — |   |
|                                               |   |   | 2,484,317 |   |   |   | 2,021,127 |   |
|                                               |   |   |      |   |   |   |   |   |
| Deferred tax liabilities                           |   |   |      |   |   |   |   |   |
| Unrealized gains on available-for-sale securities  |   |   | —   |   |   |   | (358,456 | ) |
| Depreciation                                       |   |   | (322,501  | )      |   |   | (360,916 | ) |
| Federal Home Loan Bank stock dividends             |   |   | (146,736  | )      |   |   | (146,736 | ) |
| Prepaid expenses                                   |   |   | (55,226   | )      |   |   | (68,875 | ) |
| Mortgage servicing rights                          |   |   | (309,506  | )      |   |   | (330,075 | ) |
| Other                                              |   |   | (29,354   | )      |   |   | (31,930 | ) |
|                                               |   |   | (863,323  | )      |   |   | (1,296,988 | ) |
|                                               |   |   |      |   |   |   |   |   |
| Net deferred tax asset                             |   | $      | 1,620,994 |   |   | $      | 724,139 |   |

----

| Note 11: | Comprehensive Income (Loss) |
|----------|-----------------------------|

|                                                                   |   | 2010   |       |   | 2009   |   |
|------------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|
|                                                                   |   |   |       |   |   |   |
| Net unrealized gain (loss) on available-for-sale securities            |   | $      | (830,964   | )      |   | $      | 1,132,013 |   |
| Less reclassification adjustment for realized gains included in income |   |   | 451,805    |   |   |   | 588,959 |   |
| Other comprehensive income (loss), before tax effect                   |   |   | (1,282,769 | )      |   |   | 543,054 |   |
| Less tax expense                                                       |   |   | 436,142    |   |   |   | 184,639 |   |
|                                                                   |   |   |       |   |   |   |   |   |
| Other comprehensive income (loss)                                      |   | $      | (846,627   | )      |   | $      | 358,415 |   |

|                                                        |   | 2010   |     |   | 2009   |   |
|-------------------------------------------------------------|--------|--------|----------|--------|--------|--------|
|                                                        |   |   |     |   |   |   |
| Net unrealized gain (loss) on securities available-for-sale |   | $      | (228,488 | )      |   | $      | 1,054,281 |   |
|                                                        |   |   |     |   |   |   |   |   |
| Tax effect                                                  |   |   | 77,686   |   |   |   | (358,456 | ) |
|                                                        |   |   |     |   |   |   |   |   |
| Net-of-tax amount                                           |   | $      | (150,802 | )      |   | $      | 695,825 |   |

----

| Note 12: | Regulatory Matters |
|----------|--------------------|

----

|                                              |   | Actual |   |   | Minimum CapitalRequirement |   |   | Minimum to Be WellCapitalized Under PromptCorrective ActionProvisions |   |
|---------------------------------------------------|--------|--------|--------|--------|----------------------------|--------|--------|-----------------------------------------------------------------------|--------|
|                                              |   | Amount |   |   | Ratio                      |   |   | Amount                                                                |   |   | Ratio |   |   | Amount |   |   | Ratio |   |
| As of December 31, 2010                           |   |   |   |   |                       |   |   |                                                                  |   |   |   |   |   |   |   |   |   |   |
| Total risk-based capital(to risk-weighted assets) |   | $      | 30,551 |   |                       |   | 14.77  | %                                                                     |   | $ | 16,542 |   |   |   | 8.0 | % |   | $ | 20,678 |   |   |   | 10.0 | % |
|                                              |   |   |   |   |                       |   |   |                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tier I capital(to risk-weighted assets)           |   |   | 27,962 |   |                       |   | 13.52  |                                                                  |   |   | 8,271 |   |   |   | 4.0 |   |   |   | 12,407 |   |   |   | 6.0 |   |
|                                              |   |   |   |   |                       |   |   |                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tier I capital(to average assets)                 |   |   | 27,962 |   |                       |   | 9.25   |                                                                  |   |   | 12,095 |   |   |   | 4.0 |   |   |   | 15,119 |   |   |   | 5.0 |   |
|                                              |   |   |   |   |                       |   |   |                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tangible capital(to adjusted tangible assets)     |   |   | 27,962 |   |                       |   | 9.25   |                                                                  |   |   | 4,536 |   |   |   | 1.5 |   |   |   | — |   |   |   | N/A |   |
|                                              |   |   |   |   |                       |   |   |                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| As of December 31, 2009                           |   |   |   |   |                       |   |   |                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total risk-based capital(to risk-weighted assets) |   | $      | 23,891 |   |                       |   | 11.83  | %                                                                     |   | $ | 16,146 |   |   |   | 8.0 | % |   | $ | 20,183 |   |   |   | 10.0 | % |
|                                              |   |   |   |   |                       |   |   |                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tier I capital(to risk-weighted assets)           |   |   | 21,601 |   |                       |   | 10.70  |                                                                  |   |   | 8,073 |   |   |   | 4.0 |   |   |   | 12,110 |   |   |   | 6.0 |   |
|                                              |   |   |   |   |                       |   |   |                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tier I capital(to average assets)                 |   |   | 21,601 |   |                       |   | 7.44   |                                                                  |   |   | 11,611 |   |   |   | 4.0 |   |   |   | 14,514 |   |   |   | 5.0 |   |
|                                              |   |   |   |   |                       |   |   |                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tangible capital(to adjusted tangible assets)     |   |   | 21,601 |   |                       |   | 7.44   |                                                                  |   |   | 4,354 |   |   |   | 1.5 |   |   |   | — |   |   |   | N/A |   |

|                              |   | 2010   |    |   | 2009   |   |
|-----------------------------------|--------|--------|---------|--------|--------|--------|
|                              |   |   |    |   |   |   |
| Bank equity                       |   | $      | 30,538  |   |   | $      | 25,024 |   |
| Less net unrealized gain (loss)   |   |   | (151    | )      |   |   | 696 |   |
| Less disallowed goodwill          |   |   | 2,727   |   |   |   | 2,727 |   |
| Less disallowed servicing amounts |   |   | — |   |   |   | — |   |
|                              |   |   |    |   |   |   |   |   |
| Tier 1 capital                    |   |   | 27,962  |   |   |   | 21,601 |   |
|                              |   |   |    |   |   |   |   |   |
| Plus allowance for loan losses    |   |   | 2,589   |   |   |   | 2,290 |   |
|                              |   |   |    |   |   |   |   |   |
| Total risked-based capital        |   | $      | 30,551  |   |   | $      | 23,891 |   |

----

| Note 13: | Related Party Transactions |
|----------|----------------------------|

|                      |   | 2010   |       |   | 2009   |   |
|---------------------------|--------|--------|------------|--------|--------|--------|
|                      |   |   |       |   |   |   |
| Balance beginning of year |   | $      | 4,161,647  |   |   | $      | 1,007,901 |   |
| Additions                 |   |   | 5,000,975  |   |   |   | 2,642,550 |   |
| Repayments                |   |   | (6,342,208 | )      |   |   | (1,854,717 | ) |
| Change in related parties |   |   | —    |   |   |   | 2,365,913 |   |
|                      |   |   |       |   |   |   |   |   |
| Balance, end of year      |   | $      | 2,820,414  |   |   | $      | 4,161,647 |   |

| Note 14: | Employee Benefits |
|----------|-------------------|

----

|                                         |   | 2010   |    |   | 2009   |   |    | 2008   |   |
|----------------------------------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|
|                                         |   |   |    |   |   |   |    |   |   |
| Allocated shares                             |   |   | 53,273  |   |   |   | 53,273  |   |   |   | 53,273 |   |
| Shares committed for allocation              |   |   | 2,080   |   |   |   | — |   |   |   | — |   |
| Unearned shares                              |   |   | 35,659  |   |   |   | — |   |   |   | — |   |
|                                         |   |   |    |   |   |   |    |   |   |   |   |   |
| Total ESOP shares                            |   |   | 91,012  |   |   |   | 53,273  |   |   |   | 53,273 |   |
|                                         |   |   |    |   |   |   |    |   |   |   |   |   |
| Fair value of unearned shares at December 31 |   | $      | 384,404 |   |   | $      | — |   |   | $ | — |   |

----

| Note 15: | Stock Option Plans |
|----------|--------------------|

----

|                                  |   | 2010   |    |
|---------------------------------------|--------|--------|---------|
|                                  |   | Shares |    |   | Weighted-AverageExercise Price |   |   | Weighted-AverageRemainingContractualTerm |   |   | AggregateIntrinsic Value |   |
|                                  |   |   |    |   |   |   |   |   |   |   |   |   |
| Outstanding, beginning of year        |   |   | 33,345  |   |   | $ | 10.54 |   |   |   |   |   |   |   |
| Adjustment for second step conversion |   |   | 37      |   |   |   | 9.98 |   |   |   |   |   |   |   |
| Exercised                             |   |   | — |   |   |   | — |   |   |   |   |   |   |   |
| Forfeited or expired                  |   |   | — |   |   |   | — |   |   |   |   |   |   |   |
|                                  |   |   |    |   |   |   |   |   |   |   |   |   |   |   |
| Outstanding, end of year              |   |   | 33,382  |   |   | $ | 10.52 |   |   |   | 0.76 |   |   | $ | 7,517 |   |
|                                  |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Exercisable, end of year              |   |   | 33,382  |   |   | $ | 10.52 |   |   |   | 0.76 |   |   | $ | 7,517 |   |

|                           |   | 2009   |    |
|--------------------------------|--------|--------|---------|
|                           |   | Shares |    |   | Weighted-AverageExercise Price |   |   | Weighted-AverageRemainingContractualTerm |   |   | AggregateIntrinsic Value |   |
|                           |   |   |    |   |   |   |   |   |   |   |   |   |
| Outstanding, beginning of year |   |   | 34,445  |   |   | $ | 10.65 |   |   |   |   |   |   |   |
| Granted                        |   |   | — |   |   |   | — |   |   |   |   |   |   |   |
| Exercised                      |   |   | — |   |   |   | — |   |   |   |   |   |   |   |
| Forfeited or expired           |   |   | (1,100  | ) |   |   | 14.00 |   |   |   |   |   |   |   |
|                           |   |   |    |   |   |   |   |   |   |   |   |   |   |   |
| Outstanding, end of year       |   |   | 33,345  |   |   | $ | 10.54 |   |   |   | 1.76 |   |   | $ | 0 |   |
|                           |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Exercisable, end of year       |   |   | 33,345  |   |   | $ | 10.54 |   |   |   | 1.76 |   |   | $ | 0 |   |

----

| Note 16: | Earnings Per Share |
|----------|--------------------|

|                                    |   | Year Ended December 31, 2010 |      |
|-----------------------------------------|--------|------------------------------|-----------|
|                                    |   | Income                       |      |   | Weighted-AverageShares |   |   | Per ShareAmount |   |
|                                    |   |                         |      |   |   |   |   |   |   |
| Net income                              |   | $                            | 2,066,460 |   |   |   |   |   |   |   |
|                                    |   |                         |      |   |   |   |   |   |   |   |
| Basic earnings per share                |   |                         |      |   |   |   |   |   |   |   |
| Income available to common stockholders |   |                         |      |   |   |   | 1,903,336 |   |   | $ | 1.09 |   |
|                                    |   |                         |      |   |   |   |   |   |   |   |   |   |
| Effect of dilutive securities           |   |                         |      |   |   |   |   |   |   |   |   |   |
| Stock options                           |   |                         | —   |   |   |   | 2,389 |   |   |   |   |   |
|                                    |   |                         |      |   |   |   |   |   |   |   |   |   |
| Diluted earnings per share              |   |                         |      |   |   |   |   |   |   |   |   |   |
| Income available to common stockholders |   | $                            | 2,066,460 |   |   |   | 1,905,725 |   |   | $ | 1.08 |   |

----

|                                    |   | Year Ended December 31, 2009 |      |
|-----------------------------------------|--------|------------------------------|-----------|
|                                    |   | Income                       |      |   | Weighted-AverageShares |   |   | Per ShareAmount |   |
|                                    |   |                         |      |   |   |   |   |   |   |
| Net income                              |   | $                            | 1,396,167 |   |   |   |   |   |   |   |
|                                    |   |                         |      |   |   |   |   |   |   |   |
| Basic earnings per share                |   |                         |      |   |   |   |   |   |   |   |
| Income available to common stockholders |   |                         |      |   |   |   | 1,927,250 |   |   | $ | 0.72 |   |
|                                    |   |                         |      |   |   |   |   |   |   |   |   |   |
| Effect of dilutive securities           |   |                         |      |   |   |   |   |   |   |   |   |   |
| Stock options                           |   |                         | —   |   |   |   | — |   |   |   |   |   |
|                                    |   |                         |      |   |   |   |   |   |   |   |   |   |
| Diluted earnings per share              |   |                         |      |   |   |   |   |   |   |   |   |   |
| Income available to common stockholders |   | $                            | 1,396,167 |   |   |   | 1,927,250 |   |   | $ | 0.72 |   |

| Note 17: | Disclosures about Fair Value of Assets and Liabilities |
|----------|--------------------------------------------------------|

|   | Level 1 | Quoted prices in active markets for identical assets or liabilities |
|--------|---------|---------------------------------------------------------------------|

|   | Level 2 | Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | Level 3 | Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                        |   |       |       |   | 2010                                                      |   |
|-----------------------------------------------------------------------------|--------|------------|------------|--------|-----------------------------------------------------------|--------|
|                                                                        |   |       |       |   | Fair Value Measurements Using                             |   |
|                                                                        |   | Fair Value |       |   | Quoted Pricesin ActiveMarkets forIdenticalAssets(Level 1) |   |   | SignificantOtherObservableInputs(Level 2) |   |   | SignificantUnobservableInputs(Level 3) |   |
|                                                                        |   |       |       |   |                                                      |   |   |   |   |   |   |   |
| U.S. Government and agencies                                                |   | $          | 12,548,942 |   |                                                      | $      | — |   |   | $ | 12,548,942 |   |   | $ | — |   |
| Mortgage-backed securities (Government-sponsored enterprises - residential) |   |       | 41,994,850 |   |                                                      |   | — |   |   |   | 41,994,850 |   |   |   | — |   |
| Municipal bonds                                                             |   |       | 40,322,929 |   |                                                      |   | — |   |   |   | 40,322,929 |   |   |   | — |   |

----

|                                                                        |   |       |       |   | 2009                                                      |   |
|-----------------------------------------------------------------------------|--------|------------|------------|--------|-----------------------------------------------------------|--------|
|                                                                        |   |       |       |   | Fair Value Measurements Using                             |   |
|                                                                        |   | Fair Value |       |   | Quoted Pricesin ActiveMarkets forIdenticalAssets(Level 1) |   |   | SignificantOtherObservableInputs(Level 2) |   |   | SignificantUnobservableInputs(Level 3) |   |
|                                                                        |   |       |       |   |                                                      |   |   |   |   |   |   |   |
| U.S. Government and agencies                                                |   | $          | 9,080,016  |   |                                                      | $      | — |   |   | $ | 9,080,016 |   |   | $ | — |   |
| Mortgage-backed securities (Government-sponsored enterprises - residential) |   |       | 40,984,395 |   |                                                      |   | — |   |   |   | 40,984,395 |   |   |   | — |   |
| Municipal bonds                                                             |   |       | 28,116,282 |   |                                                      |   | — |   |   |   | 28,116,282 |   |   |   | — |   |

----

|                                  |   |       |      |   | 2010                                                      |   |
|---------------------------------------|--------|------------|-----------|--------|-----------------------------------------------------------|--------|
|                                  |   |       |      |   | Fair Value Measurements Using                             |   |
|                                  |   | Fair Value |      |   | Quoted Pricesin ActiveMarkets forIdenticalAssets(Level 1) |   |   | SignificantOtherObservableInputs(Level 2) |   |   | SignificantUnobservableInputs(Level 3) |   |
|                                  |   |       |      |   |                                                      |   |   |   |   |   |   |   |
| Impaired loans (collateral dependent) |   | $          | 2,407,740 |   |                                                      | $      | — |   |   | $ | — |   |   | $ | 2,407,740 |   |
| Mortgage servicing rights             |   |       | 797,327   |   |                                                      |   | — |   |   |   | — |   |   |   | 797,327 |   |
| Foreclosed assets                     |   |       | 459,877   |   |                                                      |   | — |   |   |   | — |   |   |   | 459,877 |   |

----

|                                  |   |       |      |   | 2009                                                      |   |
|---------------------------------------|--------|------------|-----------|--------|-----------------------------------------------------------|--------|
|                                  |   |       |      |   | Fair Value Measurements Using                             |   |
|                                  |   | Fair Value |      |   | Quoted Pricesin ActiveMarkets forIdenticalAssets(Level 1) |   |   | SignificantOtherObservableInputs(Level 2) |   |   | SignificantUnobservableInputs(Level 3) |   |
|                                  |   |       |      |   |                                                      |   |   |   |   |   |   |   |
| Impaired loans (collateral dependent) |   | $          | 3,154,003 |   |                                                      | $      | — |   |   | $ | — |   |   | $ | 3,154,003 |   |
| Mortgage servicing rights             |   |       | 850,313   |   |                                                      |   | — |   |   |   | — |   |   |   | 850,313 |   |
| Foreclosed assets                     |   |       | 382,879   |   |                                                      |   | — |   |   |   | — |   |   |   | 382,879 |   |

----

----

|                                                        |   | December 31, 2010 |        |   | December 31, 2009 |   |
|-------------------------------------------------------------|--------|-------------------|-------------|--------|-------------------|--------|
|                                                        |   | CarryingAmount    |        |   | Fair Value        |   |   | CarryingAmount |   |   | Fair Value |   |
| Financial assets                                            |   |              |        |   |              |   |   |   |   |   |   |   |
| Cash and cash equivalents                                   |   | $                 | 8,943,400   |   |              | $      | 8,943,400 |   |   | $ | 15,696,474 |   |   | $ | 15,696,474 |   |
| Available-for-sale securities                               |   |              | 94,866,721  |   |              |   | 94,866,721 |   |   |   | 78,180,693 |   |   |   | 78,180,693 |   |
| Other investments                                           |   |              | 130,049     |   |              |   | 130,049 |   |   |   | 149,902 |   |   |   | 149,902 |   |
| Loans held for sale                                         |   |              | 280,000     |   |              |   | 280,000 |   |   |   | 814,074 |   |   |   | 814,074 |   |
| Loans, net of allowance for loan losses                     |   |              | 176,442,118 |   |              |   | 175,436,281 |   |   |   | 173,683,310 |   |   |   | 171,479,887 |   |
| Federal Home Loan Bank stock                                |   |              | 1,113,800   |   |              |   | 1,113,800 |   |   |   | 1,108,606 |   |   |   | 1,108,606 |   |
| Interest receivable                                         |   |              | 1,872,779   |   |              |   | 1,872,779 |   |   |   | 1,988,394 |   |   |   | 1,988,394 |   |
|                                                        |   |              |        |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Financial liabilities                                       |   |              |        |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Deposits                                                    |   |              | 256,423,647 |   |              |   | 259,188,963 |   |   |   | 254,700,223 |   |   |   | 257,948,804 |   |
| Short-term borrowings                                       |   |              | 4,018,235   |   |              |   | 4,018,235 |   |   |   | 3,789,453 |   |   |   | 3,789,453 |   |
| Advances from borrowers for taxes and insurance             |   |              | 629,788     |   |              |   | 629,788 |   |   |   | 508,356 |   |   |   | 508,356 |   |
| Interest payable                                            |   |              | 556,257     |   |              |   | 556,257 |   |   |   | 734,903 |   |   |   | 734,903 |   |
|                                                        |   |              |        |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Unrecognized financial instruments (net of contract amount) |   |              |        |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Commitments to originate loans                              |   |              | —     |   |              |   | — |   |   |   | — |   |   |   | — |   |
| Letters of credit                                           |   |              | —     |   |              |   | — |   |   |   | — |   |   |   | — |   |
| Lines of credit                                             |   |              | —     |   |              |   | — |   |   |   | — |   |   |   | — |   |

----

| Note 18: | Significant Estimates and Concentrations |
|----------|------------------------------------------|

----

| Note 19: | Commitments and Credit Risk |
|----------|-----------------------------|

----

----

| Note 20: | Quarterly Results of Operations (Unaudited) |
|----------|---------------------------------------------|

|                                                |   | Year Ended December 31, 2010 |      |
|-----------------------------------------------------|--------|------------------------------|-----------|
|                                                |   | Three Months Ended           |      |
|                                                |   | December 31                  |      |   | September 30 |   |   | June 30 |   |   | March 31 |   |
|                                                |   |                         |      |   |   |   |   |   |   |   |   |   |
| Interest income                                     |   | $                            | 3,417,003 |   |   | $ | 3,494,306 |   |   | $ | 3,383,871 |   |   | $ | 3,234,222 |   |
| Interest expense                                    |   |                         | 913,400   |   |   |   | 976,373 |   |   |   | 1,008,793 |   |   |   | 1,054,754 |   |
| Net interest income                                 |   |                         | 2,503,603 |   |   |   | 2,517,933 |   |   |   | 2,375,078 |   |   |   | 2,179,468 |   |
| Provision for loan losses                           |   |                         | 225,000   |   |   |   | 375,000 |   |   |   | 850,000 |   |   |   | 275,000 |   |
| Net interest income after provision for loan losses |   |                         | 2,278,603 |   |   |   | 2,142,933 |   |   |   | 1,525,078 |   |   |   | 1,904,468 |   |
| Noninterest income                                  |   |                         | 1,048,245 |   |   |   | 1,174,117 |   |   |   | 1,023,713 |   |   |   | 951,130 |   |
| Noninterest expense                                 |   |                         | 2,365,098 |   |   |   | 2,486,440 |   |   |   | 2,477,186 |   |   |   | 2,247,623 |   |
| Income before income taxes                          |   |                         | 961,750   |   |   |   | 830,610 |   |   |   | 71,605 |   |   |   | 607,975 |   |
| Income tax expense (benefit)                        |   |                         | 227,592   |   |   |   | 177,289 |   |   |   | (108,519 | ) |   |   | 109,118 |   |
|                                                |   |                         |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                          |   | $                            | 734,158   |   |   | $ | 653,321 |   |   | $ | 180,124 |   |   | $ | 498,857 |   |
|                                                |   |                         |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic earnings per share                            |   | $                            | 0.39      |   |   | $ | 0.35 |   |   | $ | 0.09 |   |   | $ | 0.26 |   |
| Diluted earnings per share                          |   | $                            | 0.38      |   |   | $ | 0.35 |   |   | $ | 0.09 |   |   | $ | 0.26 |   |

----

|                                                |   | Year Ended December 31, 2009 |      |
|-----------------------------------------------------|--------|------------------------------|-----------|
|                                                |   | Three Months Ended           |      |
|                                                |   | December 31                  |      |   | September 30 |   |   | June 30 |   |   | March 31 |   |
|                                                |   |                         |      |   |   |   |   |   |   |   |   |   |
| Interest income                                     |   | $                            | 3,387,087 |   |   | $ | 3,649,444 |   |   | $ | 3,609,769 |   |   | $ | 3,773,617 |   |
| Interest expense                                    |   |                         | 1,204,502 |   |   |   | 1,314,222 |   |   |   | 1,421,744 |   |   |   | 1,491,060 |   |
| Net interest income                                 |   |                         | 2,182,585 |   |   |   | 2,335,222 |   |   |   | 2,188,025 |   |   |   | 2,282,557 |   |
| Provision for loan losses                           |   |                         | 425,000   |   |   |   | 250,000 |   |   |   | 1,550,000 |   |   |   | 350,000 |   |
| Net interest income after provision for loan losses |   |                         | 1,757,585 |   |   |   | 2,085,222 |   |   |   | 638,025 |   |   |   | 1,932,557 |   |
| Other income                                        |   |                         | 1,184,528 |   |   |   | 871,823 |   |   |   | 1,247,162 |   |   |   | 905,581 |   |
| Other expense                                       |   |                         | 2,419,836 |   |   |   | 2,270,706 |   |   |   | 2,219,603 |   |   |   | 2,215,582 |   |
| Income (loss) before income taxes                   |   |                         | 522,277   |   |   |   | 686,339 |   |   |   | (334,416 | ) |   |   | 622,556 |   |
| Income tax expense (benefit)                        |   |                         | 91,752    |   |   |   | 149,123 |   |   |   | (261,592 | ) |   |   | 121,306 |   |
|                                                |   |                         |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss)                                   |   | $                            | 430,525   |   |   | $ | 537,216 |   |   | $ | (72,824 | ) |   | $ | 501,250 |   |
|                                                |   |                         |      |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic earnings (loss) per share                     |   | $                            | 0.22      |   |   | $ | 0.28 |   |   | $ | (0.04 | ) |   | $ | 0.26 |   |
| Diluted earnings (loss) per share                   |   | $                            | 0.22      |   |   | $ | 0.28 |   |   | $ | (0.04 | ) |   | $ | 0.26 |   |

----

| Note 21: | Condensed Financial Information (Parent Company Only) |
|----------|-------------------------------------------------------|

|                                             |   | December 31, |       |
|--------------------------------------------------|--------|--------------|------------|
|                                             |   | 2010         |       |   | 2009 |   |
| Assets                                           |   |         |       |   |   |   |
| Cash and due from banks                          |   | $            | 4,805,757  |   |   | $ | 146,663 |   |
| Investment in common stock of subsidiary         |   |         | 30,537,330 |   |   |   | 25,023,244 |   |
| Loan receivable from subsidiary                  |   |         | 395,333    |   |   |   | — |   |
| Other assets                                     |   |         | 128,292    |   |   |   | 190,588 |   |
|                                             |   |         |       |   |   |   |   |   |
| Total assets                                     |   | $            | 35,866,712 |   |   | $ | 25,360,495 |   |
|                                             |   |         |       |   |   |   |   |   |
| Liabilities                                      |   |         |       |   |   |   |   |   |
| Other liabilities                                |   | $            | 188,562    |   |   | $ | 97,075 |   |
|                                             |   |         |       |   |   |   |   |   |
| Total liabilities                                |   |         | 188,562    |   |   |   | 97,075 |   |
|                                             |   |         |       |   |   |   |   |   |
| Stockholders’ Equity                       |   |         | 35,678,150 |   |   |   | 25,263,420 |   |
|                                             |   |         |       |   |   |   |   |   |
| Total liabilities and stockholders’ equity |   | $            | 35,866,712 |   |   | $ | 25,360,495 |   |

----

|                                                                             |   | Year Ending December 31, |      |
|----------------------------------------------------------------------------------|--------|--------------------------|-----------|
|                                                                             |   | 2010                     |      |   | 2009 |   |
| Income                                                                           |   |                     |      |   |   |   |
| Dividends from subsidiary                                                        |   | $                        | 132,312   |   |   | $ | 864,624 |   |
| Other income                                                                     |   |                     | 15,318    |   |   |   | 746 |   |
|                                                                             |   |                     |      |   |   |   |   |   |
| Total income                                                                     |   |                     | 147,630   |   |   |   | 865,370 |   |
|                                                                             |   |                     |      |   |   |   |   |   |
| Expenses                                                                         |   |                     |      |   |   |   |   |   |
| Other expenses                                                                   |   |                     | 213,855   |   |   |   | 218,720 |   |
|                                                                             |   |                     |      |   |   |   |   |   |
| Total expenses                                                                   |   |                     | 213,855   |   |   |   | 218,720 |   |
|                                                                             |   |                     |      |   |   |   |   |   |
| Income (Loss) Before Income Tax and Equity in Undistributed Income of Subsidiary |   |                     | (66,225   | ) |   |   | 646,650 |   |
|                                                                             |   |                     |      |   |   |   |   |   |
| Income Tax Benefit                                                               |   |                     | (77,072   | ) |   |   | (84,908 | ) |
|                                                                             |   |                     |      |   |   |   |   |   |
| Income Before Equity in Undistributed Income of Subsidiary                       |   |                     | 10,847    |   |   |   | 731,558 |   |
|                                                                             |   |                     |      |   |   |   |   |   |
| Equity in Undistributed Income of Subsidiary                                     |   |                     | 2,055,613 |   |   |   | 664,609 |   |
|                                                                             |   |                     |      |   |   |   |   |   |
| Net Income                                                                       |   | $                        | 2,066,460 |   |   | $ | 1,396,167 |   |

----

|                                                |   | Year Ending December 31, |       |
|-----------------------------------------------------|--------|--------------------------|------------|
|                                                |   | 2010                     |       |   | 2009 |   |
| Operating Activities                                |   |                     |       |   |   |   |
| Net income                                          |   | $                        | 2,066,460  |   |   | $ | 1,396,167 |   |
| Items not providing cash, net                       |   |                     | (2,055,613 | ) |   |   | (664,126 | ) |
| Change in other assets and liabilities, net         |   |                     | 153,784    |   |   |   | (37,710 | ) |
|                                                |   |                     |       |   |   |   |   |   |
| Net cash provided by operating activities           |   |                     | 164,631    |   |   |   | 694,331 |   |
|                                                |   |                     |       |   |   |   |   |   |
| Investing Activity                                  |   |                     |       |   |   |   |   |   |
| Net loan proceeds to subsidiary                     |   |                     | (395,334   | ) |   |   | — |   |
| Capital infusion to subsidiary                      |   |                     | (4,700,000 | ) |   |   | — |   |
|                                                |   |                     |       |   |   |   |   |   |
| Net cash used in investing activities               |   |                     | (5,095,334 | ) |   |   | — |   |
|                                                |   |                     |       |   |   |   |   |   |
| Financing Activities                                |   |                     |       |   |   |   |   |   |
| Dividends paid                                      |   |                     | (420,871   | ) |   |   | (264,704 | ) |
| Purchase of treasury stock                          |   |                     | —    |   |   |   | (486,381 | ) |
| Merger of Jacksonville Bancorp, MHC                 |   |                     | 789,092    |   |   |   | — |   |
| Net proceeds from stock offering                    |   |                     | 9,223,105  |   |   |   | — |   |
| Cash paid for fractional shares in exchange         |   |                     | (1,529     | ) |   |   | — |   |
|                                                |   |                     |       |   |   |   |   |   |
| Net cash provided by (used in) financing activities |   |                     | 9,589,797  |   |   |   | (751,085 | ) |
|                                                |   |                     |       |   |   |   |   |   |
| Net Change in Cash and Cash Equivalents             |   |                     | 4,659,094  |   |   |   | (56,754 | ) |
|                                                |   |                     |       |   |   |   |   |   |
| Cash and Cash Equivalents at Beginning of Year      |   |                     | 146,663    |   |   |   | 203,417 |   |
|                                                |   |                     |       |   |   |   |   |   |
| Cash and Cash Equivalents at End of Year            |   | $                        | 4,805,757  |   |   | $ | 146,663 |   |

----

|           |   | Price Per Share |   |   | Cash   |   |
|----------------|--------|-----------------|--------|--------|--------|--------|
|           |   | High            |   |   | Low    |   |   | Dividend Declared |   |
|           |   |            |   |   |   |   |   |   |   |
| 2010           |   |            |   |   |   |   |   |   |   |
|           |   |            |   |   |   |   |   |   |   |
| Fourth quarter |   | $               | 11.13  |   |   | $      | 9.90 |   |   | $ | 0.075 |   |
| Third quarter  |   |            | 11.15  |   |   |   | 9.51 |   |   |   | 0.075 |   |
| Second quarter |   |            | 13.83  |   |   |   | 10.48 |   |   |   | 0.075 |   |
| First quarter  |   |            | 15.97  |   |   |   | 8.99 |   |   |   | 0.075 |   |
|           |   |            |   |   |   |   |   |   |   |   |   |   |
| 2009           |   |            |   |   |   |   |   |   |   |   |   |   |
|           |   |            |   |   |   |   |   |   |   |   |   |   |
| Fourth quarter |   | $               | 10.38  |   |   | $      | 8.14 |   |   | $ | 0.075 |   |
| Third quarter  |   |            | 11.48  |   |   |   | 8.12 |   |   |   | 0.075 |   |
| Second quarter |   |            | 11.49  |   |   |   | 7.84 |   |   |   | 0.075 |   |
| First quarter  |   |            | 9.75   |   |   |   | 7.01 |   |   |   | 0.075 |   |

----

| Directors                                                                                                                          | Executive Officers                                                                  |
|------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------|
|                                                                                                                               |                                                                                |
| Andrew F. ApplebeeChairman of the Board                                                                                            | Andrew F. Applebee  Chairman of the Board                                 |
|                                                                                                                               |                                                                                |
| Richard A. Foss  President and Chief Executive Officer                                                                   | Richard A. Foss  President and Chief Executive Officer                    |
|                                                                                                                               |                                                                                |
| John C. Williams  Senior Vice President and Trust Officer                                                                | John C. Williams  Senior Vice President and Trust Officer                 |
|                                                                                                                               |                                                                                |
| John M. Buchanan  Certified Funeral Service Practitioner  Buchanan & Cody Funeral Home and Crematory, Inc. | John D. Eilering  Vice President – Operations / Corporate Secretary |
|                                                                                                                               |                                                                                |
| Harmon B. Deal, III  Investment Advisor  L.A. Burton & Associates                                          | Laura A. Marks  Senior Vice President – Retail Banking              |
|                                                                                                                               |                                                                                |
| John L. Eyth  Certified Public Accountant  Zumbahlen Eyth Surratt Foote & Flynn, Ltd.                      | Chris A. Royal  Senior Vice President and Chief Lending Officer           |
|                                                                                                                               |                                                                                |
| Dean H. Hess  Self-employed farmer                                                                                       | Diana S. Tone  Chief Financial Officer and Compliance Officer             |
|                                                                                                                               |                                                                                |
| Emily J. Osburn  Retired radio station manager                                                                           |                                                                                |

----

| Corporate Headquarters                                            | Transfer Agent                                            |
|-------------------------------------------------------------------|-----------------------------------------------------------|
|                                                              |                                                      |
|   1211 West Morton                                 |   Hickory Point Bank & Trust, fsb      |
|   Jacksonville, Illinois  62650          |   P.O. Box 2557                            |
|   (217) 245-4111                                   |   Decatur, Illinois  62525-2557  |
|   Website:  www.jacksonvillesavings.com  |   (217) 872-6373                           |
|   E-mail:  info@jacksonvillesavings.com  |                                                      |
|                                                              |                                                      |
| Special Counsel                                                   | Independent Registered Public Accounting Firm             |
|                                                              |                                                      |
|   Luse Gorman Pomerenk & Schick, P.C.          |   BKD, LLP                                 |
|   5335 Wisconsin Ave., N.W., Suite 780             |   225 North Water Street, Suite 400        |
|   Washington, D.C.  20015                |   Decatur, Illinois  62525-1580  |
|   (202) 274-2000                                   |   (217) 429-2411                           |