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**UNITED        STATES**

**SECURITIES        AND EXCHANGE COMMISSION**

**Washington,        D.C. 20549**

**_______________**

**FORM        10-K/A**

**(Amendment        No. 2)**

**ANNUAL        REPORT PURSUANT TO SECTION 13 OR 15(d) OF**

**THE        SECURITIES EXCHANGE ACT OF 1934**

**For        the fiscal year ended December 31, 2006**

**Commission        file number 0-18121**

**MAF        BANCORP, INC.**

| **Delaware**(State                  of Incorporation) | **36-3664868**(I.R.S.                  Employer Identification No.) |
|-------------------------------------------------------|---------------------------------------------------------------------|

**55th        Street & Holmes Avenue**

**Clarendon        Hills, Illinois 60514-1500**

**(630) 325-7300**

**None**

**Common        Stock, par value $.01 per share**

| *  | Solely                for purposes of this calculation, all executive officers and directors                of                the registrant are considered to be affiliates. Except to the extent                shares have been allocated to the plan accounts of directors and                executive                officers, the affiliate holdings do not include shares held in certain                employee benefit plans administered by plan committees that include                executive officers. |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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*Table            of Contents*

**EXPLANATORY        NOTE**

**Table        of Contents**

| PART                    III                                                                                                                   | 1      |
|-----------------------------------------------------------------------------------------------------------------------------------------------|--------|
| ITEM                    10. Directors, Executive Officers and Corporate                    Governance                                         | 1      |
| ITEM                    11. Executive Compensation                                                                                            | 5      |
| ITEM                    12. Security Ownership of Certain Beneficial                    Owners and Management and Related Stockholder Matters | 36     |
| ITEM                    13. Certain Relationships and Related                    Transactions, and Director Independence                      | 37     |
| ITEM                    14. Principal Accountant Fees and                    Services                                                         | 39     |
| SIGNATURES                                                                                                                                    | 40     |
| EXHIBIT INDEX                                                                                                                            |   |

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*Table              of Contents*

**PART        III**

**ITEM10.    **
**Directors,        Executive Officers and Corporate Governance**

**Information        with Respect to Nominees, Continuing Directors and Others**

| **Name,                    Age and Principal Occupation at****Present                    and for the Past Five Years**                                                                                                                                |   | **Director                    of the Company Since** |   | **Shares                    of Common Stock Beneficially Owned****1** |   | **Currently                    Exercisable Stock Options****2** |   | **Total                    Beneficial Ownership** |    | **Ownership                    Percentage****3** |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------|--------|-----------------------------------------------------------------------|--------|-----------------------------------------------------------------|--------|---------------------------------------------------|---------|--------------------------------------------------|--------|
|                                                                                                                                                                                                                                                  |   |                                                 |   |                                                                  |   |                                                            |   |                                              |    |                                             |   |
| **DIRECTORS                    SERVING UNTIL 2007/NOMINEES TO SERVE UNTIL                    2010**                                                                                                                                                   |   |                                                 |   |                                                                  |   |                                                            |   |                                              |    |                                             |   |
|                                                                                                                                                                                                                                                  |   |                                                 |   |                                                                  |   |                                                            |   |                                              |    |                                             |   |
| Terry                    A. Ekl (59)                                                                                                                                                                                                                  |   |                                                 | 1995   |                                                                  |   | 9,725                                                           |   |                                              | 15,750  |                                             |   | 25,475                    12 |   |   | * |   |
| Partner                    in the law firm of Connolly, Ekl & Williams, P.C.                                                                                                                                                                 |   |                                                 |   |                                                                  |   |                                                            |   |                                              |    |                                             |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                  |   |                                                 |   |                                                                  |   |                                                            |   |                                              |    |                                             |   |   |   |   |   |   |
| Leo                    M. Flanagan, Jr. (64)                                                                                                                                                                                                     |   |                                                 | 2006   |                                                                  |   | 63,330                                                          |   |                                              | 18,738  |                                             |   | 82,119                    4,12 |   |   | * |   |
| Partner                    in the law firm of Brittain & Ketcham, P.C.                                                                                                                                                                       |   |                                                 |   |                                                                  |   |                                                            |   |                                              |    |                                             |   |   |   |   |   |   |
| Former                    Chairman of the Board, EFC Bancorp, Inc.                                                                                                                                                                                    |   |                                                 |   |                                                                  |   |                                                            |   |                                              |    |                                             |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                  |   |                                                 |   |                                                                  |   |                                                            |   |                                              |    |                                             |   |   |   |   |   |   |
| Thomas                    R. Perz (62)                                                                                                                                                                                                                |   |                                                 | 2003   |                                                                  |   | 211,035                                                         |   |                                              | 4,500   |                                             |   | 215,635                    5,12 |   |   | * |   |
| Managing                    Director of the Bank from December 2003 to December 2005. Former                    Chairman of the Board and Chief Executive Officer of St. Francis                    Capital                    Corporation. |   |                                                 |   |                                                                  |   |                                                            |   |                                              |    |                                             |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                  |   |                                                 |   |                                                                  |   |                                                            |   |                                              |    |                                             |   |   |   |   |   |   |
| Lois                    B. Vasto (73)                                                                                                                                                                                                                 |   |                                                 | 1989   |                                                                  |   | 17,362                                                          |   |                                              | 15,750  |                                             |   | 33,112                    12 |   |   | * |   |
| Former                    Senior Vice President/Loan Operations of the Company and the                    Bank until                    her retirement in 1997.                                                                                       |   |                                                 |   |                                                                  |   |                                                            |   |                                              |    |                                             |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                  |   |                                                 |   |                                                                  |   |                                                            |   |                                              |    |                                             |   |   |   |   |   |   |
| Jerry                    A. Weberling (55)                                                                                                                                                                                                            |   |                                                 | 1998   |                                                                  |   | 67,386                                                          |   |                                              | 231,722 |                                             |   | 299,262  |   |   | * |   |
| Senior                    Executive Vice President and Chief Financial Officer of the Company                    and                    the Bank.                                                                                                     |   |                                                 |   |                                                                  |   |                                                            |   |                                              |    |                                             |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                  |   |                                                 |   |                                                                  |   |                                                            |   |                                              |    |                                             |   |   |   |   |   |   |
| **CONTINUING                    DIRECTORS SERVING UNTIL 2008**                                                                                                                                                                                        |   |                                                 |   |                                                                  |   |                                                            |   |                                              |    |                                             |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                  |   |                                                 |   |                                                                  |   |                                                            |   |                                              |    |                                             |   |   |   |   |   |   |
| Robert J.                    Bowles, MD (60)                                                                                                                                                                                                     |   |                                                 | 1989   |                                                                  |   | 16,220                                                          |   |                                              | 2,250   |                                             |   | 18,470                    12 |   |   | * |   |
| Chairman                    of the Board of Physician Associates of Florida, Orlando, Florida,                    and                    practicing physician.                                                                                        |   |                                                 |   |                                                                  |   |                                                            |   |                                              |    |                                             |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                  |   |                                                 |   |                                                                  |   |                                                            |   |                                              |    |                                             |   |   |   |   |   |   |
| David                    C. Burba (60)                                                                                                                                                                                                                |   |                                                 | 1999   |                                                                  |   | 197,807                                                         |   |                                              | 24,341  |                                             |   | 222,148                    6,12 |   |   | * |   |
| Executive                    Vice President of the Company and the Bank from 1999-2003. Former                    Chairman                    of the Board and President, Westco Bancorp, Inc.                                                        |   |                                                 |   |                                                                  |   |                                                            |   |                                              |    |                                             |   |   |   |   |   |   |

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*Table            of Contents*

| **Name,                      Age and Principal Occupation at****Present                      and for the Past Five Years**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | **Director                      of the Company Since** |    | **Shares                      of Common Stock Beneficially Owned****1** |   | **Currently                      Exercisable Stock Options****2** |   | **Total                      Beneficial Ownership** |      | **Ownership                      Percentage****3** |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------|---------|-------------------------------------------------------------------------|--------|-------------------------------------------------------------------|--------|-----------------------------------------------------|-----------|----------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                                                   |    |                                                                    |   |                                                              |   |                                                |      |                                               |   |
| Allen                      H. Koranda (61)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                                   | 1989    |                                                                    |   | 680,565                                                           |   |                                                | 417,092   |                                               |   | 1,098,096                      7 |   |   | 3.29 | % |
| Chairman                      of the Board and Chief Executive Officer of the Company and                      the Bank.                      Mr. Koranda is the brother of Kenneth R. Koranda.                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                                                   |    |                                                                    |   |                                                              |   |                                                |      |                                               |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                                                   |    |                                                                    |   |                                                                   |   |                                                |      |                                               |   |   |   |   |   |   |
| Barbara                      L. Lamb (52)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                                                   | 2003    |                                                                    |   | 2,827                                                             |   |                                                | 4,500     |                                               |   | 7,327                      12 |   |   | * |   |
| Chief                      Development Officer of Market Liquidity Network, LLC from 1999                      to 2001.                      Senior Vice President and Chief Credit Officer - ABN AMRO,                      Incorporated                      from 1995 to 1998.                                                                                                                                                                                                                                                                                                                                                 |   |                                                   |    |                                                                    |   |                                                              |   |                                                |      |                                               |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                                                   |    |                                                                    |   |                                                              |   |                                                |      |                                               |   |   |   |   |   |   |
| Edward                      W. Mentzer (71)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                                                   | 2005    |                                                                    |   | 40,110                                                            |   |                                                | 4,500     |                                               |   | 44,610                      8,12 |   |   | * |   |
| President,                      Advance Fitting Corp., a privately held manufacturing business.                      Former                      director of St. Francis Capital Corporation.                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                                                   |    |                                                                    |   |                                                              |   |                                                |      |                                               |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                                                   |    |                                                                    |   |                                                              |   |                                                |      |                                               |   |   |   |   |   |   |
| **CONTINUING                      DIRECTORS SERVING UNTIL 2009**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                                                   |    |                                                                    |   |                                                              |   |                                                |      |                                               |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                                                   |    |                                                                    |   |                                                              |   |                                                |      |                                               |   |   |   |   |   |   |
| Joe                      F. Hanauer (69)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                   | 1990    |                                                                    |   | 369,830                                                           |   |                                                | 18,000    |                                               |   | 387,830                      12 |   |   | 1.18 | % |
| Principal                      of Combined Investments, L.P. (private investment firm), Chairman                      and                      Director of Homestore, Inc. (an internet real estate company),                      trustee of                      Calamos Advisors Trust, Calamos Investment Trust and Calamos                      Convertible                      Opportunities and Income Fund (registered investment companies),                      former                      Chairman of the Board and director of Grubb and Ellis Co. (a                      real estate                      firm). |   |                                                   |    |                                                                    |   |                                                              |   |                                                |      |                                               |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                                                   |    |                                                                    |   |                                                              |   |                                                |      |                                               |   |   |   |   |   |   |
| Kenneth                      R. Koranda (57)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                                                   | 1989    |                                                                    |   | 801,345                                                           |   |                                                | 395,990   |                                               |   | 1,197,803                      9,12 |   |   | 3.59 | % |
| President                      and Vice Chairman of the Company and President of the Bank.                      Mr. Koranda is the brother of Allen H. Koranda.                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                                                   |    |                                                                    |   |                                                              |   |                                                |      |                                               |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                                                   |    |                                                                    |   |                                                              |   |                                                |      |                                               |   |   |   |   |   |   |
| Raymond                      S. Stolarczyk (68)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                   | 2003    |                                                                    |   | 213,895                                                           |   |                                                | 4,500     |                                               |   | 218,395                      10,12 |   |   | * |   |
| Former                      Chairman of the Board and Chief Executive Officer, Fidelity                      Bancorp,                      Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                                                   |    |                                                                    |   |                                                              |   |                                                |      |                                               |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                                                   |    |                                                                    |   |                                                              |   |                                                |      |                                               |   |   |   |   |   |   |
| Andrew J.                      Zych (65)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |                                                   | 1996    |                                                                    |   | 227,816                                                           |   |                                                | 18,000    |                                               |   | 245,816                      11,12 |   |   | * |   |
| Former                      Director and Executive Vice President, N.S. Bancorp, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                                                   |    |                                                                    |   |                                                              |   |                                                |      |                                               |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                                                   |    |                                                                    |   |                                                              |   |                                                |      |                                               |   |   |   |   |   |   |
| **NAMED                      EXECUTIVE OFFICERS**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                                                   |    |                                                                    |   |                                                              |   |                                                |      |                                               |   |   |   |   |   |   |
| **(who                      are not directors)**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |                                                   |    |                                                                    |   |                                                              |   |                                                |      |                                               |   |   |   |   |   |   |
| Jennifer                      R. Evans (48)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |                                                   | N/A     |                                                                    |   | 5,736                                                             |   |                                                | 85,000    |                                               |   | 90,741 |   |   | * |   |
| Executive                      Vice President and General Counsel since June 2004. Prior thereto,                      partner in the law firm of Vedder, Price, Kaufman & Kammholz,                      P.C.                                                                                                                                                                                                                                                                                                                                                                                                      |   |                                                   |    |                                                                    |   |                                                              |   |                                                |      |                                               |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                                                   |    |                                                                    |   |                                                              |   |                                                |      |                                               |   |   |   |   |   |   |
| James                      E. Allen (48)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                                                   | N/A     |                                                                    |   | 5,184                                                             |   |                                                | 100,200   |                                               |   | 105,169 |   |   | * |   |
| Executive                      Vice President - Business Banking                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                                                   |    |                                                                    |   |                                                              |   |                                                |      |                                               |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                                                   |    |                                                                    |   |                                                              |   |                                                |      |                                               |   |   |   |   |   |   |
| Stock                      Ownership of all Directors and Executive Officers as a Group                      (24                      persons)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                                                   | — |                                                                    |   | 3,148,800                      13                                 |   |                                                | 2,257,100 |                                               |   | 5,407,691                      12 |   |   | 15.37 | % |

| * | Represents                    less than 1%. |
|---|---------------------------------------------|

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*Table              of Contents*

| 1 | “Shares                      of Common Stock Beneficially Owned” include shares held directly or                      indirectly, including: (a) shares held in joint tenancy or                      tenancy in                      common, and (b) shares allocated to the account of the individual                      through deferred compensation or other employee benefit plans                      of the                      Company or Bank. Totals also include 283 shares for each of                      the 11                      non-employee directors (all except Messrs. A. Koranda, K. Koranda                      and                      Weberling) relating to restricted stock units (“RSUs”) that may vest                      within 60 days of April 27, 2007. Each person whose shares are                      included herein is deemed to have sole or shared voting and                      investment                      power as to the shares reported, except as otherwise indicated. |
|---|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2 | Represents                      shares subject to stock options granted under incentive or                      equity                      compensation plans of the Company or acquired companies and                      currently                      exercisable or exercisable within 60 days of April 27,                      2007. |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3 | Based                      on shares outstanding at April 27, 2007. For purposes of calculating                      ownership percentages for an individual or the group, those                      shares of                      common stock issuable to such individual, or to all directors                      and                      executive officers as a group, upon issuance of restricted stock                      units or exercise of currently exercisable stock options or                      stock options                      exercisable within 60 days of April 27, 2007, are deemed to be                      outstanding. |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4 | For                      Mr. Flanagan, includes 1,842 shares held by the law firm in which                      he                      is a partner and 3,884 shares held by his wife. |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5 | For                      Mr. Perz, includes 3,629 shares held by his                      wife. |
|---|------------------------------------------------------------------------------------------------------|

| 6 | For                      Mr. Burba, includes 1,951 shares held by his wife and 45,912 shares                      held in trust for which Mr. Burba’s wife is                      trustee. |
|---|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7 | For                      Mr. Allen Koranda, includes 118,195 shares held in trust for                      Mr. Koranda’s children for which Mr. Koranda is trustee. |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8 | For                      Mr. Mentzer, includes 11,988 shares held in                      trust. |
|---|-------------------------------------------------------------------------------------------------------|

| 9 | For                      Mr. Kenneth Koranda, includes 1,695 shares held by his wife, 143,183                      shares held as trustee for Mr. Koranda’s children and 18,000 shares                      held in a charitable foundation. |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10 | For                      Mr. Stolarczyk, includes 105,783 shares held in trust, 3,350 shares                      held by his wife and 20,409 shares held in trust for which                      Mr. Stolarczyk’s wife is trustee. |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11 | For                      Mr. Zych, includes 29,584 shares held by his wife, 3,200 shares                      held                      as trustee for his children and 4,930 shares held as trustee                      for his                      grandchildren. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12 | Excludes                      329 unallocated shares held by the Mid America Bank Management                      Recognition                      and Retention Plans and Trusts (the “MRPs”) which shares are reflected in                      the total stock ownership of directors and executive officers                      as a group.                      The voting of such shares is directed by the non-employee directors                      of the                      Bank. As a result of this shared voting authority, each non-employee                      director of the Bank may be deemed to be the beneficial owner                      of all such                      shares. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 13 | Of                    the total shares shown in the table above an aggregate of 362,655                    shares are held in margin accounts with brokerage firms and pledged                    as                    collateral for borrowings, if any, that may be outstanding from                    time to                    time. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**CORPORATE        GOVERNANCE MATTERS**

**Meetings        of the Board and Committees of the Board**

**Audit        Committee**

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*Table            of Contents*

**Administrative/Compensation        Committee **

**Nominating        and Corporate Governance Committee**

** **

**Executive        Committee**

**Asset/Liability        Management Committee**

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*Table            of Contents*

**Code        of Ethics**

**SECTION 16(**
**a)        BENEFICIAL OWNERSHIP REPORTING COMPLIANCE**

**ITEM        11.    **
**Executive        Compensation**

**COMPENSATION          DISCUSSION AND ANALYSIS**

**Overview**

**This          section provides information regarding the compensation programs for our          executive officers. References to “we” and “our” mean the          Company.**

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*Table              of Contents*

**Objectives          of Compensation Program**

|   | ·  | keeping                    executives’ base salaries, the fixed pay component of our compensation                    program, at or near what we believe to be low competitive levels                    in order                    to avoid the burden of high fixed costs;   |
|--------|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | ·  | linking a portion of annual cash compensation                    to the                    achievement of targeted financial goals, such as earnings per                    share, or                    EPS, as well as individual performance goals;  |
|--------|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | · | linking a portion of executives’ cash compensation                    opportunity to the future appreciation in the value of our common                    stock                    relative to a market index;   |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | ·  | including                    a significant component of equity-based pay in the compensation                    program,                    in the form of stock option awards or restricted stock                    grants;  |
|--------|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | · | providing                    customary and reasonable retirement programs that are reflective                    of                    executives’ compensation levels, service period, responsibilities and                    success;  |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | ·  | offering                    severance and change-in-control benefits to executives in order                    to                    minimize the disruptions associated with job security issues                    that may                    arise in an acquisition and keep executives focused on optimizing                    shareholder value and successfully executing strategic                    decisions;  |
|--------|--------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | · | limiting                    negative accounting or tax consequences in the design of compensation                    programs; and    |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | · | providing                  adequate certainty to executives for reasonable earnings                  expectations through consistent administration of our compensation                  program. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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*Table              of Contents*

**Committee          Process**

***Year-end          Review.***

| ·   | a                  written summary of the CEO’s view of the Company’s executive compensation                  philosophy, which allows the Committee to confirm whether management’s                  views are consistent with the committee’s objectives for the executive                  compensation program in light of the Company’s current strategic plans and                  direction; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | individual                  “tally sheets” which summarize all compensation elements and perquisites                  for each of the Company’s executive officers, including estimated payouts                  of cash incentives and proposed equity                  grants; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | Company                  financial and operating performance as well as the CEO’s assessment of                  individual executive performance for the year, and                  the Committee’s review of the performance of the                  CEO; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | the                  terms underlying each component of the executive compensation program                  for                  the past year and whether the programs, individually and in combination,                  remain consistent with our philosophy and objectives, are                  effective to promote our strategic goals and are                  in line with evolving executive compensation practices; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | charts                  and graphs depicting trends in the payment amounts and values of                  each                  component of our executive compensation                  program; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | compensation                  amounts for the named executive officers compared to a peer group                  of                  companies; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | the                  estimated costs associated with executive and senior officer                  change-in-control payments in various scenarios and whether such                  costs,                  individually and in the aggregate, are reasonable;                  and |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | the                  terms of employment and change-in-control agreements and whether                  such                  agreements should be extended for an additional year. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***Peer          Group Review.***

|   | Amcore                      Financial, Inc.      | Hudson                      City Bancorp, Inc.    |
|--------|--------------------------------------------------|---------------------------------------------------|
|   | BancorpSouth,                      Inc.          | MB                      Financial, Inc.           |
|   | BankAtlantic                      Bancorp, Inc.  | Mercantile                      Bancshares Corp.  |
|   | BankUnited                      Financial Corp.  | NewAlliance                      Bancshares, Inc. |
|   | BOK                      Financial Corp.         | New                      York Community Bank      |
|   | Capital                      Federal Financial   | Old                      National Bancorp         |
|   | Citizens                      Banking Corp.      | People’s                      Bank          |
|   | City                      National Corp.         | Sky                      Financial Group, Inc.    |
|   | Commerce                      Bancshares, Inc.   | South                      Financial Group, Inc.  |
|   | Corus                      Bancshares, Inc.      | Sterling                      Financial Corp.     |
|   | Downey                      Financial Corp.      | TCF                      Financial Corp.          |
|   | First                      Fed Financial Corp.   | Valley                      National Bancorp      |
|   | First                      Merit Corp.           | Washington                      Federal           |
|   | First                      Midwest Bancorp, Inc. | Webster                      Financial Corp.      |
|   | Fulton                      Financial Corp.      | Wintrust                      Financial Corp.     |

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*Table              of Contents*

|                                    |   | **Total****Assets** |                              | **Return                      on****Equity** |   |
|-----------------------------------------|--------|---------------------|-----------------------------------|----------------------------------------------|--------|
| Peer                      Group Average |   | $                   | 12.0                      billion |                                         |   | 13.12 | % |
| Peer                      Group Median  |   | $                   | 10.8                      billion |                                         |   | 12.37 |   |
| MAF                      Bancorp        |   | $                   | 10.5                      billion |                                         |   | 10.75 |   |

***Role          of Compensation Consultants.***

| ·   | advice                  on the reasonableness of the design and amounts of our overall                  executive                  compensation program compared to prevailing “best                  practices”; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | trends                  in equity-based compensation; |
|--------------------|-------------------------------------------------------|
| ·   | the                  scope and design of total compensation “tally                  sheets”; |
|--------------------|----------------------------------------------------------------------------------------------------------|
| ·   | the                  appropriateness of our selected peer                  group; |
|--------------------|-----------------------------------------------------------------------------------|
| ·   | use                  and prevalence of individual goals and multiple financial metrics                  in                  annual cash incentive plans; and |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | employment                  and change-in-control agreements, provisions and                  costs. |
|--------------------|------------------------------------------------------------------------------------------------------|

***Role          of CEO.***

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*Table              of Contents*

**Base          Salaries**

***Determination          of Base Salaries.***

***Limited          Disparity Among Executive Salaries.***

***2006          Salaries***

|                                   |   |     |    |     |   | **2005                    vs 2006** |   |
|----------------------------------------|--------|----------|---------|----------|--------|-------------------------------------|--------|
|                                   |   | **2005** |    | **2006** |   | **%                    Increase**   |   |
| Allen                    H. Koranda1   |   | $        | 446,000 |     | $      | 461,500                             |   |   | 3.5 | % |
| Kenneth                    R. Koranda1 |   |     | 446,000 |     |   | 461,500                             |   |   | 3.5 |   |
| Jerry                    A. Weberling1 |   |     | 316,000 |     |   | 325,000                             |   |   | 2.8 |   |
| Jennifer                    R. Evans   |   |     | 260,000 |     |   | 268,000                             |   |   | 3.1 |   |
| James                    E. Allen      |   |     | 210,000 |     |   | 225,000                             |   |   | 7.1 |   |

| 1 | Includes                    all amounts paid to these individuals for service as directors                    during 2005                    and 2006 as part of base compensation. During 2006, base salaries                    for                    these individuals were adjusted to include these amounts and                    we no longer                    pay separate amounts in lieu of directors’ fees. |
|---|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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*Table              of Contents*

**Incentive          Compensation - Summary**

***General.***

|                                  | **As                    a Percentage of Base Salary** |
|---------------------------------------|-------------------------------------------------------|
|                                  | **Target                    Annual Cash Incentive**   | **Target                    Long-Term Cash Incentive****1** | **Long-Term                    Equity Incentive** | **Total                    Incentives** |
| Allen                    H. Koranda   | 60%                                                   | 30% | 80% | 170% |
| Kenneth                    R. Koranda | 60                                                    | 30 | 80 | 170 |
| Jerry                    A. Weberling | 50                                                    | 25 | 81 | 156 |
| Jennifer                    R. Evans  | 50                                                    | 25 | 82 | 157 |
| James                    E. Allen     | 50                                                    | 25 | 83 | 158 |

| 1 | Based                      on 2005 base salary |
|---|------------------------------------------------|

***Total          Compensation: Fixed v. Incentive.***

***Total          Incentive Compensation: Annual v. Long-Term.***

***Total          Incentive Compensation: Cash v. Equity.***

----

*Table              of Contents*

**Incentive          Compensation - Annual Cash Incentives**

***General.***

***Financial          Goal.***

***Discretionary          Adjustments.***

----

*Table              of Contents*

***Safety          and Soundness Standards.***

***2006          EPS Goal and Bonus Opportunities.***

**2006          Annual Bonus Opportunities **

*(%          of          base salary)*

| **Performance                    Level** |   | **2006                    EPS Goals** |   | **Tier                    1** |   | **Tier                    2** |   |
|------------------------------------------|--------|---------------------------------------|--------|-------------------------------|--------|-------------------------------|--------|
| Threshold                                |   | $                                     | 2.86   |                          |   | 30.0                          | %      |   | 25.0 | % |
| Target                                   |   |                                  | 3.18   |                          |   | 60.0                          | %      |   | 50.0 | % |
| Superior                                 |   |                                  | 3.66   |                          |   | 105.0                         | %      |   | 87.5 | % |

***Individual          Goals.***

***2006          Annual Incentive Bonuses.***

----

*Table              of Contents*

|                                  | **IncentiveBonus($2.98/share)                  1** |   | **Other****Bonus** |   | **Individual****Goal****Adjustment** |   | **Total****Incentive****Bonus** |   | **%                    of****12/31/06****Salary** |          |
|---------------------------------------|----------------------------------------------------|--------|--------------------|--------|--------------------------------------|--------|---------------------------------|--------|---------------------------------------------------|---------------|
| Allen                    H. Koranda   |                                               | $      | 189,820            |   |                                 | -      |                            | $      | (9,230                                            | )        | $ | 180,590 |   |   | 39 | % |
| Kenneth                    R. Koranda |                                               |   | 189,820            |   |                                 | -      |                            |   | (9,230                                            | )             |   | 180,590 |   |   | 39 |   |
| Jerry                    A. Weberling |                                               |   | 111,400            |   |                                 | -      |                            |   | (6,500                                            | )   |   | 104,900 |   |   | 32 |   |
| Jennifer                    R. Evans  |                                               |   | 91,860             |   |                                 | -      |                            |   | -                                                 |          |   | 91,860 |   |   | 34 |   |
| James                    E. Allen     |                                               |   | 77,120             |   |                                 | 17,687 |                            |   | -                                                 |          |   | 94,807 |   |   | 42 |   |

| 1 | Represents                      the resulting bonuses that would have been paid based on the                      EPS                      performance goals established at the beginning of the year,                      using $2.98                      per share as the achieved EPS for 2006 instead of actual EPS                      of $2.51, and                      using base salaries in effect at the end of the year instead                      of base                      salaries in effect at the beginning of the                      year. |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Incentive          Compensation - Long-Term Cash Incentives**

***General.***

***Measuring          Stock Performance.***

----

*Table              of Contents*

***Value          of Performance Units.***

**Value          of Performance Units**

|                                 |   | **Tier                      1** |   | **Tier                      2** |   | **Tier                      3**                  |   |
|--------------------------------------|--------|---------------------------------|--------|---------------------------------|--------|--------------------------------------------------|--------|
|                                 |   | **Threshold****(50****th****)** |   | **Target****(60****th****)**    |   | **Superior                      (90****th****)** |   | **Threshold                      (50****th****)** |   | **Target****(60****th****)** |   | **Superior                      (90****th****)** |   | **Threshold                      (50****th****)** |   | **Target****(60****th****)** |   | **Superior                      (90****th****)** |   |
| **Base                      Salary** |   |                            |   |                            |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
| $150,000                             |   | $                               | 22,500 |                            | $      | 45,000                                           |   | $ | 90,000 |   | $ | 18,750 |   | $ | 37,500 |   | $ | 75,000 |   | $ | 16,875 |   | $ | 33,750 |   | $ | 67,500 |   |
| $250,000                             |   |                            | 37,500 |                            |   | 75,000                                           |   |   | 150,000 |   |   | 31,250 |   |   | 62,500 |   |   | 125,000 |   |   | 28,125 |   |   | 56,250 |   |   | 112,500 |   |
| $350,000                             |   |                            | 52,500 |                            |   | 105,000                                          |   |   | 210,000 |   |   | 43,750 |   |   | 87,500 |   |   | 175,000 |   |   | 39,375 |   |   | 78,750 |   |   | 157,500 |   |
| $450,000                             |   |                            | 67,500 |                            |   | 135,000                                          |   |   | 270,000 |   |   | 56,250 |   |   | 112,500 |   |   | 225,000 |   |   | 50,625 |   |   | 101,250 |   |   | 202,500 |   |
| $550,000                             |   |                            | 82,500 |                            |   | 165,000                                          |   |   | 330,000 |   |   | 68,750 |   |   | 137,500 |   |   | 275,000 |   |   | 61,875 |   |   | 123,750 |   |   | 247,500 |   |

***Long-Term          Cash Incentives - Performance Period Ended 12/31/06.***

***Long-Term          Cash Incentives - Performance Period Ending 12/31/08.***

----

*Table              of Contents*

**Incentive          Compensation - Long-Term Equity Incentives**

***General.***

***Determining          RSU Grants.***

|                                  | **RSUs****Granted** | **Value****($)**                  | **(%                    of 12/31/06                    Base)****Value** |
|---------------------------------------|---------------------|-----------------------------------|------------------------------------------------------------------------------|
| Allen                    H. Koranda   | 8,300               | $370,014                          | 80%                                                                          |
| Kenneth                    R. Koranda | 8,300               |                      370,014 | 80                                                                           |
| Jerry                    A. Weberling | 5,900               |                      263,022 | 81                                                                           |
| Jennifer                    R. Evans  | 4,900               |                      218,442 | 82                                                                           |
| James                    E. Allen     | 4,200               |                      187,236 | 83                                                                           |

----

*Table              of Contents*

***Vesting          and Other Terms.***

***Stock          Option Grant Practices.***

**Executive          Retirement Benefits - Supplemental Executive Retirement          Plan**

***General.***

***Plan          Benefits.***

----

*Table              of Contents*

* *

**Executive          Retirement Benefits - Deferred Compensation Plans**

***General.***

***Plan          Benefits.***

----

*Table              of Contents*

***Interest          Credits.***

**Executive          Retirement Benefits - Qualified Benefit Plans**

**Executive          Perquisites**

**Tax          Implications of Executive Compensation **

----

*Table              of Contents*

**Employment          Agreements and Change in Control Agreements**

***General.***

***Review          of Agreements.***

----

*Table              of Contents*

| ·   | the                  agreements provide the executives sufficient security so that during                  a                  critical period involving a change in control of the Company, they                  are not                  distracted from job duties, financially threatened by job loss                  or                  motivated to act other than in the best interests of the                  Company, |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | the                  agreements provide a necessary retention tool, one of the key objectives                  of our executive compensation program, |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | the                  total change-in-control-related benefits for senior officers are                  reasonable in the aggregate when measured as a percentage of the                  estimated                  potential value of our Company in a change in control,                  and |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | the                  total change-in-control-related benefits for individual executive                  officers                  are reasonable based on their total compensation package and likely                  loss                  of job in a change-in-control transaction. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**COMPENSATION          COMMITTEE REPORT**

*The          following report of the Compensation Committee shall not be deemed incorporated          by reference by any general statement incorporating by reference this proxy          statement into any filing under the Securities Act of 1933 or the Securities          Exchange Act of 1934, except to the extent that the Company specifically          incorporates this information by reference, and shall not otherwise be          deemed          filed under such Acts.*

**EXECUTIVE            COMPENSATION**

**2006            Summary Compensation Table**

| **Name                      and Principal Position**                                                                                                                                       |   | **Year** |   | **Salary****1****($)** |   | **Bonus****2****($)** |               | **Stock                      Awards****3****($)** |    | **Change                      in Pension Value and Nonqualified Deferred Compensation                      Earnings4 ($)** |   | **All                      Other Compensation**5**                      ($)** |         | **Total                      ($)** |    |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------|--------|------------------------|--------|-----------------------|--------------------|---------------------------------------------------|---------|----------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------|--------------|------------------------------------|---------|
| Allen                      H. Koranda,     Chairman                      of the Board &                           Chief Executive Officer |   |     | 2006   |                   | $      | 460,821               |     | $                                                 | 180,590 |                                                                                                                  | $      | 2,044                                                                         |    | $                                  | 102,380 |    | $ | 9,833 |    | $ | 755,668 |   |
|                                                                                                                                                                                       |   |     |   |                   |   |                  |               |                                              |    |                                                                                                                       |   |                                                                          |         |                               |    |   |   |   |   |   |   |   |
| Kenneth                      R. Koranda,                          President and Vice                           Chairman of the Board          |   |     | 2006   |                   |   | 460,821               |               |                                              | 180,590 |                                                                                                                       |   | 2,044                                                                         |         |                               | 159,056 |   |   | 9,833 |   |   | 812,344 |   |

----

*Table              of Contents*

| **Name                  and Principal Position**                                                                                                                                                                                             |   | **Year** |   | **Salary****1****($)** |   | **Bonus****2****($)** |   | **Stock                  Awards****3****($)** |    | **Change                  in Pension Value and Nonqualified Deferred Compensation                  Earnings4 ($)** |   | **All                  Other Compensation5 ($)** |   | **Total                  ($)** |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------|--------|------------------------|--------|-----------------------|--------|-----------------------------------------------|---------|--------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------|--------|--------------------------------|--------|
| Jerry                  A. Weberling,                      Senior Executive Vice President,                      Chief Financial Officer and                      Treasurer  |   |     | 2006   |                   |   | 324,571               |   |                                          | 104,900 |                                                                                                               |   | 1,453                                            |   |                           | 92,654 |   |   | 9,833 |   |   | 533,411 |   |
| Jennifer                  R. Evans,                      Executive Vice President                      and General Counsel                                                                      |   |     | 2006   |                   |   | 267,692               |   |                                          | 91,860  |                                                                                                               |   | 1,207                                            |   |                           | 34,009 |   |   | 9,833 |   |   | 404,601 |   |
| James                  E. Allen,                      Executive Vice President -                       Business Banking                                                                         |   |     | 2006   |                   |   | 224,423               |   |                                          | 94,807  |                                                                                                               |   | 1,034                                            |   |                           | 30,003 |   |   | 9,833 |   |   | 360,100 |   |

| 1 | Includes                  directors retainer fees of $12,417 earned by Messrs. A. Koranda,                  K.                  Koranda and Weberling through June 30, 2006; for each named executive                  officer, amounts deferred under the Company’s 401(k) plan; and for Mr. K.                  Koranda, Ms. Evans and Mr. Allen, amounts deferred under the                  Company’s deferred compensation                  plans. |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2 | Each                  named executive officer deferred a portion of his or her bonus                  except                  Mr. Weberling. |
|---|---------------------------------------------------------------------------------------------------------------------------------------------------|

| 3 | The                  amounts in this column represent the amounts we expensed during                  2006 under                  FAS123R relating to the fair value of restricted stock units (RSUs)                  granted on December 19, 2006. The fair value of the RSUs was                  determined based on the average of the high and low trading prices                  of MAF                  Bancorp common stock on the date of grant. Pursuant to SEC rules,                  the                  amounts shown exclude the impact of the discount for estimated                  forfeitures                  related to service-based vesting conditions. These amounts reflect                  the                  company’s accounting expense for these awards and do not correspond to                  the                  actual value that will be realized by the named                  executives. |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4 | The                  amounts in this column represent the sum of (a) the change in the                  value of benefits earned during 2006 under the Company’s SERP, and                  (b) above-market interest earned on deferred compensation balances.                  The change in pension value was $97,878, $150,491, $91,643, $33,759                  and                  $29,700 for Messrs. A. Koranda, K. Koranda, Weberling, Ms. Evans                  and Mr. Allen, respectively, calculated using the same assumptions                  and measurement periods that were used in our audited financial                  statements. See the “Pension Benefits” table for additional information.                  The above-market earnings on the executive and directors’ deferred                  compensation plans in which the named executive officers participate                  were                  $4,502, $8,565, $1,011, $250 and $303 for Messrs. A. Koranda, K.                  Koranda,                  Weberling, Ms. Evans and Mr. Allen, respectively. Above market                  earnings represent the excess of actual earnings credited to the                  executives’ accounts under the deferred compensation plans over the amount                  of such earnings using rates prescribed under SEC                  rules. |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5 | These                  amounts represent the sum of the Company’s profit sharing, 401(k) matching                  and ESOP contributions for each named executive. |
|---|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Grants          of Plan-Based Awards Table in 2006**

----

*Table            of Contents*

|                                |                                         |                            | **Estimated                  Possible Payouts Under Non-Equity Incentive Plan Awards****1** | **All                  Other Stock Awards Number of Shares of Stock** | **Grant                  Date Value of Stock and Option** |
|-------------------------------------|----------------------------------------------|---------------------------------|---------------------------------------------------------------------------------------------|-----------------------------------------------------------------------|-----------------------------------------------------------|
| **Name**                            | **Type                  of Award**           | **Grant                  Date** | **Threshold                  ($)**                                                          | **Target                  ($)**                                       | **Maximum                  ($)**                          | **or                  Units (#)****2** | **Awards                  ($)****3** |
| Allen                  H. Koranda   | Annual                  Cash Incentive Award | 1/24/06                         | $130,900                                                                                    | $261,900                                                              | $458,325                                                  |   |   |
|                                | LT                  Cash Incentive Award     | 1/24/06                         | 63,150                                                                                      | 126,300                                                               | 252,600                                                   |   |   |
|                                | Restricted                  Stock Unit  | 12/19/06                   |                                                                                        |                                                                  |                                                      | 8,300  | $370,014  |
| Kenneth                  R. Koranda | Annual                  Cash Incentive Award | 1/24/06                         | 130,950                                                                                     | 261,900                                                               | 458,325                                                   |   |   |
|                                | LT                  Cash Incentive Award     | 1/24/06                         | 63,150                                                                                      | 126,300                                                               | 252,600                                                   |   |   |
|                                | Restricted                  Stock Unit  | 12/19/06                   |                                                                                        |                                                                  |                                                      | 8,300  | 370,014  |
| Jerry                  A. Weberling | Annual                  Cash Incentive Award | 1/24/06                         | 75,000                                                                                      | 150,000                                                               | 262,500                                                   |   |   |
|                                | LT                  Cash Incentive Award     | 1/24/06                         | 36,400                                                                                      | 72,800                                                                | 145,600                                                   |   |   |
|                                | Restricted                  Stock Unit  | 12/19/06                   |                                                                                        |                                                                  |                                                      | 5,900  | 263,022  |
| Jennifer                  R. Evans  | Annual                  Cash Incentive Award | 1/24/06                         | 67,000                                                                                      | 134,000                                                               | 234,500                                                   |   |   |
|                                | LT                  Cash Incentive Award     | 1/24/06                         | 32,500                                                                                      | 65,000                                                                | 130,000                                                   |   |   |
|                                | Restricted                  Stock Unit  | 12/19/06                   |                                                                                        |                                                                  |                                                      | 4,900  | 218,442  |
| James                  E. Allen     | Annual                  Cash Incentive Award | 1/24/06                         | 56,250                                                                                      | 112,500                                                               | 196,875                                                   |   |   |
|                                | LT                  Cash Incentive Award     | 1/24/06                         | 26,250                                                                                      | 52,500                                                                | 105,000                                                   |   |   |
|                                | Restricted                  Stock Unit       | 12/19/06                        |                                                                                        |                                                                  |                                                      | 4,200 | 187,236 |

| 1 | Amounts                  in these columns are the potential value of the payout of the annual                  cash                  incentive awards and long-term cash incentive awards for each named                  executive if the threshold, target and maximum goals under each                  such award                  are satisfied. The performance goals and measurements for each                  award are                  explained under “Compensation Discussion and Analysis,” or CD&A. With                  respect to the annual incentive award for 2006 for each of the                  named                  executives, the performance goal for 2006 was not achieved. However,                  the                  committee did approve and pay an annual cash bonus, the basis for                  which is                  described in the CD&A and the amount is included in the Summary                  Compensation Table under the column titled “Bonus.” The value, if any, of                  the long-term cash incentive award will be determined on December 31,                  2008, the end of the three-year performance                  period. |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2 | Amounts                  in this column represent the total number of RSUs granted in 2006                  to the                  named executives. The RSUs vest ratably over a five-year period.                  During                  the restricted period, each RSU entitles the individual to receive                  quarterly cash payments from the company equal to the quarterly                  cash                  dividend on one share of Company common                  stock. |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3 | This                  column shows the full grant date fair value of RSUs granted to                  the named                  executives in 2006. Generally, the full grant date fair value is                  the                  amount that the Company will expense in its financial statements                  over the                  award’s vesting period, determined using the average of the high and                  low                  trading prices of the Company’s stock on the grant date of $44.58 per                  share. These amounts represent the Company’s accounting expense (over the                  entire vesting period) and do not correspond to the actual values                  that                  will be realized by the named                  executives. |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Outstanding        Equity Awards at 2006 Fiscal Year-End**

----

*Table            of Contents*

|                                |   | **Option                  Awards**                                                             |          | **Stock                  Awards**                 |   |
|-------------------------------------|--------|------------------------------------------------------------------------------------------------|---------------|---------------------------------------------------|--------|
| **Name**                            |   | **Number                  of Securities Underlying Unexercised Options****(#)****Exercisable** |          | **Option                  Exercise Price****($)** |   | **Option                  Expiration Date** |   | **Number                  of Shares or Units of Stock That Have Not Vested                  (#)** |   | **Market                  Value of Shares or Units of Stock That Have Not Vested                  ($)****1,                  2, 3** |   |
| Allen                  H. Koranda   |   |                                                                                           | 21,000        |                                         | $      | 23.46 |    |   | 1/2/08 |    |   |   |    |   |   |   |
|                                |   |                                                                                           | 9,621         |                                              |   | 31.20 |   |   | 1/2/08 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 8,507         |                                              |   | 35.99 |   |   | 1/4/09 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 50,000        |                                              |   | 27.06 |   |   | 1/4/09 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 50,000        |                                              |   | 21.84 |   |   | 12/14/09 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 6,464         |                                              |   | 29.05 |   |   | 12/14/09 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 50,000        |                                              |   | 25.94 |   |   | 1/11/11 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 50,000        |                                              |   | 28.16 |   |   | 12/13/11 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 45,000        |                                              |   | 34.11 |   |   | 12/18/12 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 39,000        |                                              |   | 42.22 |   |   | 12/17/13 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 50,000        |                                              |   | 44.87 |   |   | 12/15/14 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 37,500        |                                              |   | 42.73 |   |   | 12/14/15 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | —       |                                              |   |   |   |   |   |   |   | 8,300 |   | $ | 370,927 |   |
|                                |   |                                                                                           | 417,092       |                                              |   |   |   |   |   |   |   | 8,300 |   | $ | 370,927 |   |
| Kenneth                  R. Koranda |   |                                                                                           | 9,519         |                                              |   | 31.20 |   |   | 1/2/08 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 8,507         |                                              |   | 35.99 |   |   | 1/4/09 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 50,000        |                                              |   | 27.06 |   |   | 1/4/09 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 50,000        |                                              |   | 21.84 |   |   | 12/14/09 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 6,464         |                                              |   | 29.05 |   |   | 12/14/09 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 50,000        |                                              |   | 25.94 |   |   | 1/11/11 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 50,000        |                                              |   | 28.16 |   |   | 12/13/11 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 45,000        |                                              |   | 34.11 |   |   | 12/18/12 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 39,000        |                                              |   | 42.22 |   |   | 12/17/13 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 50,000        |                                              |   | 44.87 |   |   | 12/15/14 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 37,500        |                                              |   | 42.73 |   |   | 12/14/15 |   |   |   |   |   |   |   |
|                                |   |                                                                                           |  — |                                              |   |   |   |   |   |   |   | 8,300 |   | $ | 370,927 |   |
|                                |   |                                                                                           | 395,990       |                                              |   |   |   |   |   |   |   | 8,300 |   | $ | 370,927 |   |
| Jerry                  A. Weberling |   |                                                                                           | 12,000        |                                              |   | 23.46 |   |   | 1/2/08 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 4,610         |                                              |   | 31.20 |   |   | 1/2/08 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 20,000        |                                              |   | 27.06 |   |   | 1/4/09 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 4,165         |                                              |   | 35.99 |   |   | 1/4/09 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 25,000        |                                              |   | 21.84 |   |   | 12/14/09 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 3,447         |                                              |   | 29.05 |   |   | 12/14/09 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 25,000        |                                              |   | 25.94 |   |   | 1/11/11 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 30,000        |                                              |   | 28.16 |   |   | 12/13/11 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 30,000        |                                              |   | 34.11 |   |   | 12/18/12 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 25,000        |                                              |   | 42.22 |   |   | 12/17/13 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 30,000        |                                              |   | 44.87 |   |   | 12/15/14 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 22,500        |                                              |   | 42.73 |   |   | 12/14/15 |   |   |   |   |   |   |   |
|                                |   |                                                                                           |  — |                                              |   |   |   |   |   |   |   | 5,900 |   | $ | 263,671 |   |
|                                |   |                                                                                           | 231,722       |                                              |   |   |   |   |   |   |   | 5,900 |   | $ | 263,671 |   |
| Jennifer                  R. Evans  |   |                                                                                           | 50,000        |                                              |   | 43.85 |   |   | 6/1/14 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 20,000        |                                              |   | 44.87 |   |   | 12/15/14 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 15,000        |                                              |   | 42.73 |   |   | 12/14/15 |   |   |   |   |   |   |   |
|                                |   |                                                                                           |  — |                                              |   |   |   |   |   |   |   | 4,900 |   | $ | 218,981 |   |
|                                |   |                                                                                           | 85,000        |                                              |   |   |   |   |   |   |   | 4,900 |   | $ | 218,981 |   |
| James                  E. Allen     |   |                                                                                           | 10,000        |                                              |   | 26.16 |   |   | 3/27/11 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 20,000        |                                              |   | 28.16 |   |   | 12/13/11 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 20,000        |                                              |   | 34.11 |   |   | 12/18/12 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 15,200        |                                              |   | 42.22 |   |   | 12/17/13 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 20,000        |                                              |   | 44.87 |   |   | 12/15/14 |   |   |   |   |   |   |   |
|                                |   |                                                                                           | 15,000        |                                              |   | 42.73 |   |   | 12/14/15 |   |   |   |   |   |   |   |
|                                |   |                                                                                           |  — |                                              |   |   |   |   |   |   |   | 4,200 |   | $ | 187,698 |   |
|                                |   |                                                                                           | 100,200       |                                              |   |   |   |   |   |   |   | 4,200 |   | $ | 187,698 |   |

| 1 | The                    value of the unvested RSUs is based on the Company’s closing stock price                    on December 29, 2006 of                    $44.69. |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2 | Holders                    of unvested stock awards granted in December 2006 receive quarterly                    dividend payments at the same rate and time as cash dividends                    are paid on                    the Company’s common stock. |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3 | The                    vesting dates of the unvested RSUs are summarized in the table                    below.                    Vesting is accelerated on a change in control or the termination                    of                    employment due to death or                    disability. |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                    |   | **Unvested****Stock** |   | **Vesting                      Dates and Amounts** |   |
|-----------------------------------------|--------|-----------------------|--------|----------------------------------------------------|--------|
| **Name**                                |   | **Awards**            |   | **1/4/2008**                                       |   | **1/4/2009** |   | **1/4/2010** |   | **1/4/2011** |   | **1/4/2012** |   |
| Allen                      H. Koranda   |   |                  | 8,300  |                                               |   | 1,660 |   |   | 1,660 |   |   | 1,660 |   |   | 1,660 |   |   | 1,660 |   |
| Kenneth                      R. Koranda |   |                  | 8,300  |                                               |   | 1,660 |   |   | 1,660 |   |   | 1,660 |   |   | 1,660 |   |   | 1,660 |   |
| Jerry                      A. Weberling |   |                  | 5,900  |                                               |   | 1,180 |   |   | 1,180 |   |   | 1,180 |   |   | 1,180 |   |   | 1,180 |   |
| Jennifer                      R. Evans  |   |                  | 4,900  |                                               |   | 980 |   |   | 980 |   |   | 980 |   |   | 980 |   |   | 980 |   |
| James                      E. Allen     |   |                  | 4,200  |                                               |   | 840 |   |   | 840 |   |   | 840 |   |   | 840 |   |   | 840 |   |

----

*Table            of Contents*

**2006        Option Exercises and Stock Vested**

|                                  |   | **Option                  Awards**                            |    |
|---------------------------------------|--------|---------------------------------------------------------------|---------|
| **Name**                              |   | **Number                  of Shares Acquired on Exercise(#)** |    | **Value                  Realized on Exercise($)** |   |
| Allen                  H. Koranda 1   |   |                                                          | 28,321  |   | $ | 759,299 |   |
| Kenneth                  R. Koranda 2 |   |                                                          | 27,712  |   | $ | 776,574 |   |
| Jerry                  A. Weberling 3 |   |                                                          | 21,040  |   | $ | 580,511 |   |
| Jennifer                  R. Evans    |   |                                                          | — |   |   | — |   |
| James                  E. Allen       |   |                                                          | — |   |   | — |   |

| 1 | Mr. A.                  Koranda exercised stock options covering: (a) 20,799 shares on                  February 21, 2006 with an exercise price of $14.333333 and a fair                  market value of $42.99, and (b) 7,522 shares on October 23, 2006                  with an exercise price of $20.244444 and a fair market value of                  $41.95. |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2 | Mr. K.                  Koranda exercised stock options covering: (a) 20,327 shares on                  April 24, 2006 with an exercise price of $14.333333 and a fair market                  value of $43.932, and (b) 7,385 shares on April 24, 2006 with an                  exercise price of $20.244444 and a fair market value of                  $43.932. |
|---|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3 | Mr. Weberling                  exercised stock options covering: (a) 9,612 shares on March 7,                  2006 with an exercise price of $14.333333 and a fair market value                  of                  $42.63, (b) 3,553 shares on March 7, 2006 with an exercise price                  of $20.244444 and a fair market value of $42.63, and (c) 7,875 shares                  on December 4, 2006 with an exercise price of $15.222222 and a fair                  market value of $44.30. |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Pension        Benefits**

----

*Table            of Contents*

**2006        Pension Benefits Table**

| **Name**                                  | **Plan                  Name**                                | **Number                  of Years Credited Service (#)****1** | **Present                  Value of Accumulated Benefit****($)****2,3** | **Payments                  During Last Fiscal Year ($)** |
|-------------------------------------------|---------------------------------------------------------------|----------------------------------------------------------------|-------------------------------------------------------------------------|-----------------------------------------------------------|
| Allen                  H. Koranda    | Supplemental                  Executive Retirement Plan  | 12                                                        | $1,010,652                                                         | —                                              |
| Kenneth                  R. Koranda  | Supplemental                  Executive Retirement Plan  | 12                                                        | 907,073                                                            | —                                              |

| Jerry                      A. Weberling  | Supplemental                      Executive Retirement Plan  | 12  | 547,657  | —  |
|-----------------------------------------------|-------------------------------------------------------------------|----------|---------------|---------------|
| Jennifer                      R. Evans   | Supplemental                      Executive Retirement Plan  | 3   | 97,174   | —  |
| James                      E. Allen           | Supplemental                      Executive Retirement Plan       | 6        | 124,855       | —       |

----

*Table            of Contents*

| 1 | Actual                  years of service to the Company (including the year of hire) for                  Messrs.                  A. Koranda, K. Koranda, Weberling, Ms. Evans and Mr. Allen are                  34 years, 34 years, 22 years, 3 years and 6 years,                  respectively. |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2 | The                  present value of the accumulated benefit amounts are determined                  at                  December 31, 2006 based on the following assumptions used in the                  preparation of our annual financial                  statements: |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Discount                  rate (12/31/06): | 6.00%                                                                                                     |
|--------|--------|--------------------------------------------|-----------------------------------------------------------------------------------------------------------|
|   | · | Discount                  rate (12/31/05): | 5.75%                                                                                                     |
|   | · | Salary                  scale:             | 4.50%                                                                                                     |
|   | · | Mortality                  (male):         | 1983                  Male Group Annuity Mortality Table with one year                  setback           |
|   | · | Mortality                  (female):       | 1983                  Female Group Annuity Mortality Table with one year                  setback         |
|   | · | Retirement                  date:          | The                  greater of age 60 or the age one year from the valuation                  date       |
|   | · | Form                  of payment:          | All                  participants will receive the benefit in a single-life annuity                  form |
|   | · | Change-in-control:                         | No                  change-in-control is assumed                                                          |

| 3 | If                  the named executive officers terminated employment as of December 31,                  2006, the actual benefits, expressed in the form of a lump-sum,                  would be                  $977,902, $953,057, $641,258, $104,538 and $145,182 for Messrs.                  A. Koranda, K. Koranda, Weberling, Ms. Evans and                  Mr. Allen. These amounts are determined based on the assumptions                  specified in the SERP. |
|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**2006        Non-Qualified Deferred Compensation**

*Executive        Deferral Plan*

----

*Table            of Contents*

*Directors        Deferral Plan*

|   | · | Directors                  may defer up to 100% of their directors’ retainer                  fee, |
|--------|--------|----------------------------------------------------------------------------------------------------------|

|   | · | The                  company makes no company                  contributions, |
|--------|--------|-------------------------------------------------------------------------------|

|   | · | There                  is no non-compete penalty, |
|--------|--------|---------------------------------------------------|

|   | · | There                  is no in-service return-of-deferral distribution                  option, |
|--------|--------|--------------------------------------------------------------------------------------------------|

|   | · | Distributions                  are made at age 65 or, pursuant to an election made in advance                  by a                  director, at the later of termination of service or attaining the                  age of                  65 |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

        officers        for 2006.

| **Name**                            |   | **Plan** |                                              | **Executive                  Contributions in Last Fiscal Year ($)****1** |   | **Registrant                  Contributions in Last Fiscal Year ($)** |   | **Aggregate                  Earnings in Last Fiscal Year ($)****2,3** |    | **Aggregate                  Withdrawals/ Distributions ($)** |   | **Aggregate                  Balance at Last Fiscal Year-End ($)****4,5** |         |
|-------------------------------------|--------|----------|---------------------------------------------------|---------------------------------------------------------------------------|--------|-----------------------------------------------------------------------|--------|------------------------------------------------------------------------|---------|---------------------------------------------------------------|--------|---------------------------------------------------------------------------|--------------|
| Allen                  H. Koranda   |   |     | Executive                  Deferral Plan          |                                                                      | $      | —                                                               |   |                                                                   | — |                                                | $      | 99,617                                                                    |    |   | — |     | $ | 1,690,156 |   |
|                                |   |     | Directors’                    Deferred Plan |                                                                      |   | 12,417                                                                |   |                                                                   | — |                                                          |   | 43,739                                                                    |         |   | — |   |   | 738,986 |   |
|                                |   |     | Total                                             |                                                                      |   | 12,417                                                                |   |                                                                   | — |                                                          |   | 143,356                                                                   |         |   | — |   |   | 2,429,142 |   |
|                                |   |     |                                              |                                                                      |   |                                                                  |   |                                                                   |    |                                                          |   |                                                                      |         |   |   |   |   |   |   |
| Kenneth                  R. Koranda |   |     | Executive                  Deferral Plan          |                                                                      |   | 158,081                                                               |   |                                                                   | — |                                                          |   | 234,125                                                                   |         |   | — |   |   | 4,121,655 |   |
|                                |   |     | Directors’                    Deferred Plan |                                                                      |   | 12,417                                                                |   |                                                                   | — |                                                          |   | 43,677                                                                    |         |   | — |   |   | 786,183 |   |
|                                |   |     | Total                                             |                                                                      |   | 170,498                                                               |   |                                                                   | — |                                                          |   | 277,802                                                                   |         |   | — |   |   | 4,907,838 |   |
|                                |   |     |                                              |                                                                      |   |                                                                  |   |                                                                   |    |                                                          |   |                                                                      |         |   |   |   |   |   |   |
| Jerry                  A. Weberling |   |     | Executive                  Deferral Plan          |                                                                      |   | —                                                               |   |                                                                   | — |                                                          |   | 38,668                                                                    |         |   | — |   |   | 836,177 |   |
|                                |   |     |                                              |                                                                      |   |                                                                  |   |                                                                   |    |                                                          |   |                                                                      |         |   |   |   |   |   |   |
| Jennifer                  R. Evans  |   |     | Executive                  Deferral Plan          |                                                                      |   | 88,221                                                                |   |                                                                   | — |                                                          |   | 9,315                                                                     |         |   | — |   |   | 226,390 |   |
|                                |   |     |                                              |                                                                      |   |                                                                  |   |                                                                   |    |                                                          |   |                                                                      |         |   |   |   |   |   |   |
| James                  E. Allen     |   |     | Executive                  Deferral Plan          |                                                                      |   | 62,987                                                                |   |                                                                   | — |                                                          |   | 12,628                                                                    |         |   | — |   |   | 325,164 |   |

| 1 | All                    2006 contributions by Messrs. A. Koranda and K. Koranda to the                    Directors’ Deferral Plan are included as salary in the Summary                    Compensation Table. A total of $112,101, $66,923 and $56,106                    in deferral                    contributions by Mr. K. Koranda, Ms. Evans and Mr. Allen to                    the Executive Deferral Plan are included in the Summary Compensation                    Table                    under the column titled Salary. The balance of the 2006 deferral                    contributions made by these three individuals to the Executive                    Deferral Plan relate to 2005 bonuses paid in 2006 and such deferral                    amounts were included in the Summary Compensation table last                    year for                    Mr. K. Koranda and Ms. Evans (Mr. Allen was not shown in                    the Summary Compensation Table last                    year). |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2 | Includes                      interest and dividends earned on executive deferral contributions,                      determined in the manner described                      above. |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3 | Includes                      $4,502, $8,565, $1,011, $250 and $303 for Messrs. A. Koranda, K.                      Koranda, Weberling, Ms. Evans and Mr. Allen, respectively, that                      are included in the Summary Compensation Table as “excess                      interest.” |
|---|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4 | Aggregate                      balances include $27,802, $280,141, $297,742, $93,125 and $151,506                      for                      Messrs. A. Koranda, K. Koranda, Weberling, Ms. Evans and                      Mr. Allen, respectively, relating to the value of shares of company                      common stock deemed purchased, pursuant to their elections,                      with executive                      deferral contributions. |
|---|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5 | Messrs.                      A. Koranda, K. Koranda, Weberling, Ms. Evans and Mr. Allen would                      receive a reduction of $0, $0, $0, $3,469 and $8,091 if they                      terminated                      employment under certain circumstances and competed with the                      Company                      within one year of termination. |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

*Table            of Contents*

**Potential        Payments Upon Termination or Change in Control**

*Overview*

*Employment        Agreements*

|   | · | Services.                  The employment agreements cover services by Messrs. A. Koranda,                  K. Koranda and Weberling as Chief Executive Officer, President and                  Chief Financial Officer,                  respectively. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Term.                  The current term of each agreement is through December 31, 2009 with                  optional renewals (by the Board, upon the recommendation of the                  Compensation Committee) to be considered each year by the committee                  so the                  agreements, if extended, will always have a remaining term of two                  to three                  years. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Outside                  positions.                  The three executives may hold positions with outside organizations                  if they                  receive approval from the Corporate Governance                  committee. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Decrease                  in salaries and benefits.                  Executives’ base salaries may not be decreased without the prior written                  consent of the executive except in circumstance involving across                  the board                  reductions in all executive salaries. Changes may also be made                  to                  executives’ benefit plans provided however, that the executives are                  entitled to benefits that are commensurate with their position                  and                  title. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Involuntary                  termination or voluntary termination for “good                  reason.” |
|--------|--------|-------------------------------------------------------------------------------------------------------------------|

|   | o | Severance                  is due to the three executives if they are terminated by the Company                  without cause. |
|--------|---|---------------------------------------------------------------------------------------------------------------------------------|

|   | o | Severance                    is due to the executives if they voluntarily leave for “good reason,”                    which would involve situations where we fail to reappoint the                    executive to                    his current position or one of greater responsibilities. For                    Messrs. A. Koranda and K. Koranda, it would also include a                    situation where they are not re-appointed or re-elected to the                    Board of                    Mid America Bank. |
|--------|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | o | Severance                    payments in such circumstances equals the greater of (a) salary                    and target                    bonus due for the remaining term of the agreement, or (b) the sum of                    the executive’s salary and target bonus over the past three years. |
|--------|---|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

*Table            of Contents*

|   | o | Severance                  benefits also include continuing medical and dental coverage for                  the                  executive’s lifetime, including dependent coverage, and continuing                  disability and life coverage for 60                  months. |
|--------|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Termination                  for Disability. |
|--------|--------|----------------------------------------------|

|   | o | Annual                  disability payments will be made equal to 75% of base salary offset                  by:                  (a) payments received from other Bank disability policies (with such                  offset payments to be grossed-up to the extent received tax-free),                  and                  (b) federal disability-related income                  received. |
|--------|---|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | o | Disability                  payments are to be paid until the earlier of age 65 or the date                  of                  re-employment. |
|--------|---|-------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Termination                  following a change in control. |
|--------|--------|-------------------------------------------------------------|

|   | o | Severance                  is due to the executives if they terminate employment, voluntarily                  or                  involuntarily, within two years following a change in                  control. |
|--------|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | o | Severance                  will be equal to the sum of the executive’s average salary and target                  annual bonus over the past three                  years. |
|--------|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | o | Executives                  will also be reimbursed for any excise taxes imposed on change-in-control                  payments and benefits under the agreements as well as taxes imposed                  on                  such reimbursement amounts, unless such excise taxes can be avoided                  by                  reducing executive’s severance payment by 3%, in which case such reduction                  will generally be made. |
|--------|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Continuing                  insurance coverage. |
|--------|--------|-------------------------------------------------|

|   | o | Other                  than circumstances involving termination for cause, the three executives                  will be entitled to continuing medical and dental insurance coverage                  for                  their lifetime. This will include circumstances involving their                  retirement                  (for which all three named executives currently qualify). |
|--------|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | o | The                  continuing medical and dental insurance coverage will include their                  dependents covered at the time of their                  termination. |
|--------|---|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | o | The                  named executives will also be entitled to continuing life and disability                  coverage for 60 months. |
|--------|---|----------------------------------------------------------------------------------------------------------------------------------------|

|   | o | Executives                    will be obligated to pay the portion of the cost of such coverage                    equal to                    the contributory rates offered to active employees with similar                    coverage. |
|--------|---|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | o | Such                    continuing insurance benefits cease upon death (subject to continuation                    of                    dependent coverage for a limited period) or                    re-employment. |
|--------|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Non-solicitation.                    Executives may not solicit employees or customers for one year                    after                    termination of employment if severance is                    paid. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Legal                    fee reimbursement.                    Executive is entitled to reimbursement of legal fees in connection                    with                    litigation involving the employment agreement, regardless of                    whether                    or |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

*Table            of Contents*

|   |   | not                  he is successful, except if the litigation is found to be brought                  in bad                  faith or is frivolous. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

*Change        in Control Agreements*

|   | · | Term.                  The current term of Ms. Evans’ agreement                  is through December 31, 2009 with optional renewals (by the Board,                  upon the recommendation of the Compensation Committee) to be considered                  each year by the committee so the agreements, if extended, will                  always                  have a remaining term of two to three years. Mr. Allen’s                  agreement has a term that ends on December 31, 2008 and was                  not extended for an additional year by the                  Board. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Eligibility                  for severance and other benefits.                  There is a “double-trigger” requirement to receive any benefits under the                  agreements. First, a change in control must occur and second, within                  two                  years (or in the case of Mr. Allen, within the term of his                  agreement) following the change in control, the executive must either                  voluntarily terminate employment for “good reason” (demotion, loss of                  title or significant authority, reduction in compensation, relocation                  of                  greater than 50 miles) or the executive’s employment must be                  terminated involuntarily other than for “cause.” |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Severance.                  The amount of any severance payable to Ms. Evans will be equal to the                  sum of the executive’s salary and target annual bonus over the past three                  years. Mr. Allen’s                  severance amount will be equal to the sum of salary and actual                  bonuses                  over the past three years. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Continuing                  insurance benefits. |
|--------|--------|-------------------------------------------------|

|   | o | Other                  than circumstances involving termination for cause, Ms. Evans and                  Mr. Allen will be entitled to continuing medical, dental, disability                  and life insurance coverage for 60 months and 36 months, respectively,                  from their termination. Executives will be obligated to pay the                  portion of                  the cost of such coverage equal to the contributory rates offered                  to                  active employees with similar                  coverage. |
|--------|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | o | After                  60 months, Ms. Evans may continue medical and dental coverage until                  age 65                  and be obligated to pay the COBRA premium rates. |
|--------|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | o | The                    continuing insurance coverage will include dependents covered                    at the time                    of executives’ termination of                    employment. |
|--------|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | o | Such                    continuing insurance benefits cease upon death (subject to continuation                    of                    dependent coverage for a limited period) or                    re-employment. |
|--------|---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Tax                    Gross-up Payment.                    Executives will also be reimbursed for any excise taxes imposed                    on                    change-in-control payments and benefits under the agreements                    as well as                    taxes imposed on such reimbursement amounts, unless such excise                    taxes can                    be avoided by reducing executive’s severance payment by 3% in which case                    such reduction will generally be                    made. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

*Table            of Contents*

|   | · | Non-solicitation. Ms.                  Evans’                  agreement provides that she may not solicit employees or                  customers for one year after termination of employment if severance                  is                  paid. Mr. Allen’s                  agreement does not contain a non-solicitation                  restriction. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Legal                  fee reimbursement.                  Ms. Evans is entitled to reimbursement of legal fees in connection                  with                  litigation involving the employment agreement, regardless of whether                  or                  not she is successful, except if the litigation is found to be                  brought in                  bad faith or is frivolous. Reimbursement of legal fees to Mr. Allen                  is                  conditional on whether he is                  successful. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

*Other        Change-in-Control Benefits*

|   | · | All                  unvested RSUs will become fully vested and will be distributed                  in the                  event of a change in control. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Holders                  of options will have extended exercise periods in which to exercise                  stock                  options. In most cases, the period is three years from termination                  following a change in control, although in certain instances, the                  options                  may be exercised for the full remaining term of the option. In                  no                  instances may the exercise period extend beyond the normal expiration                  date                  of the options. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Certain                  participants in the SERP will be given credit for up to ten additional                  years of service and all participants will be deemed to have earned                  a                  benefit calculated as of the first date they would satisfy the                  plan                  definition for “retirement                  benefit.” |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Long-term                  cash incentive awards granted to executives for the three-year                  performance                  periods ending on December 31, 2008 and December 31, 2009 will                  be assumed to have satisfied the “superior” performance standard. However,                  payments under such long-term cash incentive awards will be based                  on the                  number of actual months elapsed in such performance period relative                  to 36                  months. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Annual                  cash incentive awards granted to executives for 2007 will be assumed                  to                  paid based on “target” performance subject to a reduction based on the                  number of actual months elapsed in 2007 prior to the change in                  control                  relative to 12 months. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

*Payments        under Termination Scenarios*

|   | · | benefits                    accrued under the Company’s profit sharing plan and employee stock                    ownership plan; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------|

|   | · | accrued                    vacation pay and other similar amounts payable when employment                    terminates,                    under programs applicable to the Company’s employees                    generally; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | balances                    accrued under the Company’s non-qualified deferred compensation plan (see                    Non-Qualified Deferred Compensation Table), except for certain                    death                    benefits; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

*Table            of Contents*

|   | · | benefits                  earned under the company’s SERP other than the increase in such benefits                  resulting from the change in control or death;                  and |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | the                  value of all vested stock options. |
|--------|--------|---------------------------------------------------------|

**Potential        Payments Upon Termination - 2006**

|                                      |                                                   | **No                  Change in Control**                                                                                |                                                             | **After                  Change in Control** |                                                                                                                            |          |
|-------------------------------------------|--------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------|----------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------|---------------|
| **Name**                                  | **Benefit**                                            | **Involuntary                  Termination without Cause or Voluntary (for “Good                  Reason”)** | **Voluntary****(no                  “Good Reason”)** |                                         | **Involuntary                  Termination without Cause or Voluntary (for “Good                  Reason”)****(1)** | **Death**     | **Disability** |
| Allen                  H. Koranda         | Severance                                              | $2,215,200                                                                                                               | —                                                          |                                         | $2,040,000                                                                                                                      | —       | — |
|                                      | Enhanced                  SERP(2)                      | —                                                                                                                  | —                                                          |                                         | 651,935                                                                                                                         | —       | — |
|                                      | Unvested                  restricted stock units       | —                                                                                                                  | —                                                          |                                         | 370,927                                                                                                                         | $370,927      | $370,927 |
|                                      | Long-term                  cash incentive bonus(3)     | —                                                                                                                  | —                                                          |                                         | 84,200                                                                                                                          | —       | — |
|                                      | Deferred                  compensation death benefits  | —                                                                                                                  | —                                                          |                                         | —                                                                                                                         | 98,758        | — |
|                                      | Group-term                  life insurance             | —                                                                                                                  | —                                                          |                                         | —                                                                                                                         | 500,000       | — |
|                                      | Annual                  disability payments (tax-free) | —                                                                                                                  | —                                                          |                                         | —                                                                                                                         | —       | 180,000 |
|                                      | Annual                  disability payments (taxable)  | —                                                                                                                  | —                                                          |                                         | —                                                                                                                         | —       | 39,475 |
|                                      | Estimated                  health benefit subsidy      | 98,000                                                                                                                   | 98,000                                                           |                                         | 98,000                                                                                                                          | —       | 98,000 |
|  Kenneth                  R. Koranda |  Severance                                        |  2,215,200                                                                                                          |  —                                                    |                                         |  2,040,000                                                                                                                 |  — |  — |
|                                      | Enhanced                  SERP(2)                      | —                                                                                                                  | —                                                          |                                         | 635,371                                                                                                                         | —       | — |
|                                      | Unvested                  restricted stock units       | —                                                                                                                  | —                                                          |                                         | 370,927                                                                                                                         | 370,927       | 370,927 |
|                                      | Long-term                  cash incentive bonus(3)     |                                                                                                                     |                                                             |                                         | 84,200                                                                                                                          |          |   |
|                                      | Deferred                  compensation death benefits  | —                                                                                                                  | —                                                          |                                         | —                                                                                                                         | 98,758        | — |
|                                      | Group-term                  life insurance             | —                                                                                                                  | —                                                          |                                         | —                                                                                                                         | 1,000,000     | — |
|                                      | Annual                  disability payments (tax-free) | —                                                                                                                  | —                                                          |                                         | —                                                                                                                         | —       | 180,000 |
|                                      | Annual                  disability payments (taxable)  | —                                                                                                                  | —                                                          |                                         | —                                                                                                                         | —       | 39,475 |
|                                      | Estimated                  health benefit subsidy      | 127,000                                                                                                                  | 127,000                                                          |                                         | 127,000                                                                                                                         | —       | 127,000 |
|  Jerry                  A. Weberling |  Severance                                        |  1,462,500                                                                                                          |  —                                                    |                                         |  1,325,250                                                                                                                 |  — |  — |
|                                      | Enhanced                  SERP(2)                 | —                                                                                                                  | —                                                          |                                         | 427,505                                                                                                                         | —       | — |
|                                      | Unvested                  restricted stock units       | —                                                                                                                  | —                                                          |                                         | 263,671                                                                                                                         | 263,671       | 263,671 |
|                                      | Long-term                  cash incentive bonus(3)     |                                                                                                                     |                                                             |                                         | 48,533                                                                                                                          |          |   |
|                                      | Deferred                  compensation death benefits  | —                                                                                                                  | —                                                          |                                         | —                                                                                                                         | 235,841       | — |
|                                      | Group-term                  life insurance             | —                                                                                                                  | —                                                          |                                         | —                                                                                                                         | 50,000        | — |

|                                         | Estimated                      tax gross-up payment        | —       | —       | 688,000         | —       | —       |
|----------------------------------------------|------------------------------------------------------------|---------------|---------------|-----------------|---------------|---------------|
|                                         | Annual                      disability payments (tax-free) | —       | —       | —         | —       | 180,000       |
|                                         | Estimated                      health benefit subsidy      | 197,000       | 197,000       | 197,000         | —       | 197,000       |
|  Jennifer                      R. Evans |  Severance                                            |  — |  — |  1,141,500 |  — |  — |
|                                         | Enhanced                      SERP(2)                      | —       | —       | 305,755         | 528,523       | —       |
|                                         | Unvested                      restricted stock units       | —       | —       | 218,981         | 218,981       | 218,981       |
|                                         | Long-term                      cash incentive bonus(3)     | —       | —       | 43,333          | —       | —       |
|                                         | Group-term                      life insurance             | —       | —       | —         | 50,000        | —       |
|                                         | Annual                      disability payments (tax-free) | —       | —       | —         | —       | 160,800       |
|                                         | Estimated                      tax gross-up payment        | —       | —       | 696,000         | —       | —       |
|                                         | Estimated                      health benefit subsidy      | 26,000        | 26,000        | 26,000          | —       | 26,000        |

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*Table            of Contents*

|     |        | **No                    Change in Control**                                                                                  |                                                               | **After                    Change in Control** |                                                                                                                                |      |
|----------|-------------|------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------|------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------|-----------|
| **Name** | **Benefit** | **Involuntary                    Termination without Cause or Voluntary (for “Good                    Reason”)** | **Voluntary****(no                    “Good Reason”)** |                                           | **Involuntary                    Termination without Cause or Voluntary (for “Good                    Reason”)****(1)** | **Death** | **Disability** |

|  James                        E. Allen |  Severance                                              |  — |  — |  772,990 |  — |  — |
|---------------------------------------------|--------------------------------------------------------------|---------------|---------------|---------------|---------------|---------------|
|                                        | Enhanced                        SERP(2)                      | —       | —       | 219,563       | 298,539       | —       |
|                                        | Unvested                        restricted stock units       | —       | —       | 187,698       | 187,698       | 187,698       |
|                                        | Long-term                        cash incentive bonus(3)     | —       | —       | 35,000        | —       | —       |
|                                        | Group-term                        life insurance             | —       | —       | —       | 50,000        | —       |
|                                        | Annual                        disability payments (tax-free) | —       | —       | —       | —       | 135,000       |
|                                        | Tax                        gross-up payment                  | —       | —       | 547,000       | —       | —       |
|                                        | Estimated                        health benefit subsidy      | 32,000        | 32,000        | 32,000        | —       | 32,000        |

| (1) | Messrs.                  A. Koranda, K. Koranda and Weberling do not need “good reason” to                  voluntarily terminate employment following a change-in-control                  and receive                  the noted benefits. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Represents                  additional SERP benefits in a change-in-control in excess of lump-sum                  amounts that would be due upon termination of employment outside                  of a                  change in control. In the case of death, represents excess of SERP                  death                  benefits over accrued benefits prior to                  death. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | In                  the case of voluntary or involuntary termination of employment                  other than                  for cause, death, disability or following a change in control,                  Messrs. A.                  Koranda, K. Koranda and Weberling would be entitled to pro-rata                  long-term                  bonus payments determined at the end of the three-year performance                  periods. In the case of termination of employment due to death                  or                  disability, all five named executives would be entitled to pro-rata                  long-term bonus payments determined at the end of the three-year                  performance periods. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**DIRECTOR        COMPENSATION**

**Summary**

| Element                    of Compensation                                        |   |   |     |
|-----------------------------------------------------------------------------------|--------|--------|----------|
| Annual                    retainer-cash                                           |   | $      | 24,000(1 | ) |
| Annual                    retainer-RSUs                                           |   |   | 12,000(2 | ) |
| Board                    meeting fee                                              |   |   | 1,000(3  | ) |
| Annual                    committee chairman fee - Audit Committee                |   |   | 8,000(4  | ) |
| Annual                    committee chairman fee - Compensation Committee         |   |   | 2,500(5  | ) |
| Annual                    committee chairman fee - Corporate Governance Committee |   |   | 2,500(5  | ) |
| Committee                    fee                                                  |   |   | 400(6    | ) |

| (1) | Decreased                  from $25,000 in June 2006. |
|-----|-------------------------------------------------------|

| (2) | Beginning                    in 2006, the Company began granting RSUs to non-employee directors                    as a                    component of their annual retainer, with an estimated value of                    such RSUs                    equal to $12,000. Prior to 2006, non-employee directors received                    an annual                    grant of 2,250 stock options with an exercise price equal to                    the fair                    market value of the stock on the date of                    grant. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Increased                    from $750 per meeting in June 2006. Board meeting fees are paid                    to                    non-employee directors who are in attendance at regular and special                    board                    meetings (including telephonic attendance) and are also paid                    for                    attendance at annual meetings and strategic planning                    meetings. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Increased                    from $4,000 in June 2006 and paid in quarterly installments to                    Barbara L.                    Lamb, Chairman of the Audit                    Committee. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | Increased                    from $2,000 in June 2006 and paid in quarterly installments to                    Robert J.                    Bowles, MD, Chairman of the Compensation Committee and Lois B.                    Vasto,                    Chairman of the Corporate Governance Committee. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Increased                    from $200 per meeting in June 2006. Board committee fees are                    paid to                    committee members (audit, compensation, corporate governance,                    asset/liability and loan committees) in attendance at committee                    meetings                    (including telephonic attendance) that are held on days other                    than normal                    board meeting dates. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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*Table            of Contents*

**Directors’        Deferred Compensation Plan**

| **Director**                          |   | **Death                  Benefit Amount** |    |
|---------------------------------------|--------|-------------------------------------------|---------|
| Robert                  J. Bowles, MD |   | $                                         | 62,650  |   |
| Terry                  A. Ekl         |   |                                      | 73,943  |   |
| Joe                  F. Hanauer       |   |                                      | 108,419 |   |

**Insurance        Coverage**

**Director          Compensation Table**

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*Table            of Contents*

**2006        Director Compensation**

| **Name****(1****)**                        |   | **Fees                    Earned or Paid in Cash ($)** |     | **Stock                    Awards ($)****(**4) |   | **Option                    Awards****($)****(**5) |   | **Change                    in Pension Value and Nonqualified Deferred Compensation Earnings                    ($)** |    | **All                    Other Compensation ($)** |    | **Total                    ($)** |         |
|--------------------------------------------|--------|--------------------------------------------------------|----------|------------------------------------------------|--------|----------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------|---------|---------------------------------------------------|---------|----------------------------------|--------------|
| Robert                    J. Bowles, MD    |   | $                                                      | 35,717   |                                      | $      | 7,201                                              |   |                                                                                                                  | — |                                              |  $ | 776                              |         |   | — |   | $ | 43,694 |   |
| David                    C. Burba          |   |                                                   | 38,417(6 | )                                              |   | 7,201                                              |   |                                                                                                                  | — |                                              |    | 377                              |         |   | — |   |   | 45,995 |   |
| Terry                    A. Ekl            |   |                                                   | 35,167(6 | )                                              |   | 7,201                                              |   |                                                                                                                  | — |                                              |    | 273                              |         |   | — |   |   | 42,641 |   |
| Harris                    W. Fawell(2)     |   |                                                   | 14,167   |                                           |   | —                                            |   |                                                                                                                  | — |                                              |    | —                          |    | $ | 5,950 |   |   | 20,117 |   |
| Leo                    M. Flanagan, Jr.(3) |   |                                                   | 34,933   |                                           |   | 7,201                                              |   |                                                                                                                  | — |                                              |    | —                          |         |   | — |   |   | 42,134 |   |
| Joe                    F. Hanauer          |   |                                                   | 35,567(6 | )                                              |   | 7,201                                              |   |                                                                                                                  | — |                                              |    | 513                              |         |   | — |   |   | 43,281 |   |
| Barbara                    L. Lamb         |   |                                                   | 44,167(6 | )                                              |   | 7,201                                              |   |                                                                                                                  | — |                                              |    | —                          |         |   | — |   |   | 51,368 |   |
| Edward                    W. Mentzer       |   |                                                   | 42,367(6 | )                                              |   | 7,201                                              |   |                                                                                                                  | — |                                              |    | 100                              |         |   | — |   |   | 49,668 |   |
| Thomas                    R. Perz          |   |                                                   | 38,967(6 | )                                              |   | 7,201                                              |   |                                                                                                                  | — |                                              |    | 137                              |         |   | — |   |   | 46,305 |   |
| Raymond                    S. Stolarczyk   |   |                                                   | 37,967(6 | )                                              |   | 7,201                                              |   |                                                                                                                  | — |                                              |    | 120                              |         |   | — |   |   | 45,288 |   |
| F.                    William Trescott(2)  |   |                                                   | 15,567(6 | )                                              |   | —                                            |   |                                                                                                                  | — |                                              |    | 569                              |         |   | 5,950 |   |   | 22,086 |   |
| Lois                    B. Vasto           |   |                                                   | 37,667   |                                           |   | 7,201                                              |   |                                                                                                                  | — |                                              |    | —                          |         |   | — |   |   | 44,868 |   |
| Andrew                    J. Zych          |   |                                                   | 39,567(6 | )                                              |   | 7,201                                              |   |                                                                                                                  | — |                                              |    | 708                              |         |   | — |   |   | 47,476 |   |

| (1) | Messrs.                  A. Koranda, K. Koranda and Weberling, executive officers who also                  serve as                  directors, are not included in this table in accordance with SEC                  rules.                  During the first half of 2006, they were paid a director retainer                  fee in                  the same amount as other non-employee directors. This amount is                  included                  in their salary disclosed in the Summary Compensation table. Effective                  in                  the second half of 2006, the Company eliminated its practice of                  paying a                  director retainer fee to employee directors and added the annual                  retainer                  fee amount to the base salary rate of these three employee                  directors. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Messrs.                  Fawell and Trescott retired from the Board on May 10, 2006 and                  continued                  to serve as director emeriti. Director emeritus fees paid in 2006                  are                  included in “All Other                  Compensation.” |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Mr.                  Flanagan was appointed to the Board effective as of February 1,                  2006. |
|-----|-------------------------------------------------------------------------------------------------------------|

| (4) | The                  amounts in this column are equal to the financial statement compensation                  expense as reported in our 2006 consolidated statement of operations.                  Each                  director, other than Messrs. Fawell and Trescott, received a grant                  of 283                  RSUs on June 27, 2006, which will vest on the day immediately preceding                  the date of the 2007 Annual Meeting of Shareholders. The fair market                  value                  of each of these RSU grants, based on the closing stock price on                  June 27,                  2006, was $11,914. The RSUs do not have dividend equivalent rights                  associated with them. Vesting is accelerated in the event of termination                  due to death, disability or following a change in control. The                  non-employee directors listed in the table above hold no other                  RSUs. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | Non-employee                  directors held options as of December 31, 2006 as follows (all                  of which                  are fully-vested): |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Robert                  J. Bowles, MD | 2,250  |   | Edward                  W. Mentzer     | 4,500 |
|---------------------------------------|--------|--------|----------------------------------------|-------|
| David                  C. Burba       | 24,341 |   | Thomas                  R. Perz        | 4,500 |
| Terry                  A. Ekl         | 15,750 |   | Raymond                  S. Stolarczyk | 4,500 |
| Harris                  W. Fawell     | 6,750  |   | F.                  William Trescott   | 9,000 |

| Leo                      M. Flanagan, Jr. | 18,738 |   | Lois                      B. Vasto  | 15,750 |
|-------------------------------------------|--------|--------|-------------------------------------|--------|
| Joe                      F. Hanauer       | 18,000 |   | Andrew                      J. Zych | 20,250 |
| Barbara                      L. Lamb      | 4,500  |   |                                |   |

| (6) | These                    directors deferred a portion of their 2006 directors’ fees under the                    directors’ deferred compensation                    plan. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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*Table            of Contents*

**COMPENSATION        COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION**

**ITEM        12.    **
**Security        Ownership of Certain Beneficial Owners and Management and Related Stockholder        Matters**

**SECURITY        OWNERSHIP OF CERTAIN BENEFICIAL OWNERS**

| **Name                  and Address of Owner**                                                                                                                                                                                                                                                                                                                                           | **Shares                  of Common Stock** | **Percent                  of Class Ownership****1** |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------|------------------------------------------------------|
| Advisory                  Research, Inc.180                  North Stetson StreetSuite                  5500Chicago,                  IL 60601                                                                                                                                                                                                                                      | 2,716,5962                             | 8.25%                                           |
| Dimensional                  Fund Advisors, Inc.1299                  Ocean Avenue11th                  FloorSanta                  Monica, CA 90401                                                                                                                                                                                                                                | 2,153,8633                             | 6.54%                                           |
| Barclays                  Global Investors NA / CA45                  Fremont Street 17th                  FloorSan                  Francisco, CA 94105                                                                                                                                                                                                                            | 1,727,9004                             | 5.25%                                           |
| Delaware                  Charter Guarantee & Trust Company DBA Principal Trust Company as                  successor Trustee for the Mid America Bank, fsb Employees’ Profit                  Sharing Plan and the Mid America Bank, fsb Employee Stock Ownership                  Plan1013                  Centre Road Wilmington,                  DE 19805 | 1,679,1945                                  | 5.10%                                                |

| 1 | Based                    on 32,933,888 shares of common stock outstanding on April 27,                    2007. |
|---|----------------------------------------------------------------------------------------------------------------------|

| 2 | Reflects                    information provided on a Schedule 13G filed by Advisory Research,                    Inc. on February 21, 2007. Based on such filing, the shareholder has                    sole investment and voting authority over the                    shares. |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3 | Reflects                    information provided on an amended Schedule 13G filed by Dimensional                    Fund Advisors, Inc. (“Dimensional”) on February 9, 2007. Based on                    such filing, the shareholder has sole investment and voting authority                    over                    the shares in its capacity as a registered investment advisor                    to certain                    investment companies, trusts and other accounts that are the                    beneficial                    owner of such shares. Dimensional disclaims beneficial ownership                    of such                    securities. |
|---|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4 | Reflects                    information provided on a Schedule 13G filed by Barclays Global                    Investors NA / CA on January 23, 2007. Based on such filing, the                    shareholder has sole investment authority over 1,727,900 shares                    and sole                    voting authority over 1,566,221                    shares. |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5 | Reflects                    shares held in the Plans for the benefit of employees and former                    employees                    of the Bank as of April 27, 2007. As of April 27, 2007, the                    Profit Sharing Plan held 554,109 shares of the Company’s common stock                    and the ESOP Plan held 1,125,085 shares. Although the Trustee has                    disclosed in a Schedule 13G/A filed on February 14, 2007 that it                    has sole investment and voting authority over the shares, it                    is subject to                    the terms of the plans and to fiduciary duties under                    ERISA. |
|---|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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*Table              of Contents*

**Equity        Compensation Plans**

| **Plan                    Category**                                          |   | **Number                    Of Securities To Be Issued Upon Exercise Of Outstanding Options,                    Warrants                    And Rights** |           | **Weighted-Average                    Exercise Price Of Outstanding Options, Warrants And                    Rights** |   | **Number                    Of Securities Remaining Available For Future Issuance Under Equity                    Compensation Plans (Excluding Securities Reflected In Column                    (A))** |   |
|-------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------|----------------|-----------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                          |   | **(A)**                                                                                                                                                  |           | **(B)**                                                                                                               |   | **(C)**                                                                                                                                                                                                  |   |
| Equity                    compensation plans approved by security holders     |   |                                                                                                                                                     | 3,206,002(1)(2 | )                                                                                                                     | $      | 32.46                                                                                                                                                                                                    |   |   | 75,553 |   |
| Equity                    compensation plans not approved by security holders |   |                                                                                                                                                     | —        |                                                                                                                  |   | —                                                                                                                                                                                                  |   |   | 3,431(3 | ) |
| Total                                                                         |   |                                                                                                                                                     | 3,206,002      |                                                                                                                  | $      | 32.46                                                                                                                                                                                                    |   |   | 78,984 |   |

| (1) | Includes                  46,344 stock options exercisable at a weighted average price of                  $21.31 per                  share relating to options granted under plans of acquired entities                  that                  were converted into MAF Bancorp stock options. No further grants                  will be                  made under such plans. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Includes                  128,987 restricted stock units granted to certain employees and                  non-employee directors. |
|-----|------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Represents                  shares reserved for issuance under deferred compensation plans,                  which                  shares may be issued to executive officers and directors, if any,                  electing                  to defer cash compensation otherwise payable to them. The number                  of shares                  allocated to plan participants is determined based on the fair                  market                  value of shares at the time of compensation                  deferral. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**ITEM        13.    **
**Certain        Relationships and Related Transactions, and Director        Independence**

**Director        Independence**

**Transactions        with Certain Related Persons and Other Matters**

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*Table            of Contents*

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*Table            of Contents*

**ITEM        14.    **
**Principal        Accountant Fees and Services**

**Audit        Fees**

**Audit-Related        Fees**
* *

**Tax        Fees**

**All        Other Fees**

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*Table            of Contents*

**SIGNATURES**

|         |                                                   |                                   |
|--------------|--------------------------------------------------------|----------------------------------------|
|         | **MAF                      Bancorp, Inc.**(Registrant) |
|    |                                              |                              |
| :       | By:                                          | /s/Allen                    H. Koranda |

|   | Allen                      H. KorandaChairman                      of the Board and Chief Executive                      Officer  |
|--------|----------------------------------------------------------------------------------------------------------------------------------------|

|   | April                    30, 2007 |
|--------|-----------------------------------|

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*Table                of Contents*

**EXHIBIT INDEX**

| **Exhibit No.**  | **Description                  of Exhibit**                |
|----------------------------|-----------------------------------------------------------------|
| 31.1                       | Certification                  of Chief Executive Officer  |
| 31.2                       | Certification                  of Chief Financial Officer  |