Exhibit 99.1

FOR IMMEDIATE RELEASE

|                                                                                                              |  |                                                                                                                      
|------------------------------------------------------------------------------------------------------------- |  | ---------------------------------------------------------------------------------------------------------------------
|For:      MAF Bancorp, Inc.          
         55th Street & Holmes Avenue
         Clarendon Hills, IL 60514 |  | Contacts:     Jerry A. Weberling, Chief
                      Financial Officer
                       (630) 887-5999
|                                                                                                              |  |                                                                                                                      
|www.mafbancorp.com                                                                                            |  | Michael J. Janssen, SVP
                       (630) 986-7544                                                        

MAF BANCORP REPORTS
INCREASE IN FOURTH QUARTER EARNINGS PER SHARE  Company Reports Calendar 2005 Results of $3.13 Per Share

Clarendon Hills, Illinois, January
30, 2006  MAF Bancorp, Inc. (MAFB) reported net income for the fourth quarter ended
December 31, 2005 of $27.1 million, or $.83 per diluted share, up 12% compared to 2004
fourth quarter earnings per share. Net income was $25.2 million, or $.74 per diluted share
in last years fourth quarter.

For the twelve months ended December
31, 2005, diluted earnings per share totaled $3.13 compared to $3.01 per diluted share
reported in 2004.

Net Interest Income and
Net Interest Margin

|                                             | QE 12/31/05 | QE 9/30/05 | QE 12/31/04
|-------------------------------------------- | ----------- | ---------- | -----------
|Net interest margin                          |             |            |            
|Interest rate spread                         |             |            |            
|Net interest income (000's)                  |             |            | $          
|Average assets:                              |             |           
|Yield on interest-earning assets             |             |            |            
|Yield on loans receivable                    |             |            |            
|Yield on mortgage-backed securities          |             |            |            
|Average interest-earning assets (000's)      |             |            | $          
|Average liabilities:                         |             |           
|Cost of interest-bearing liabilities         |             |            |            
|Cost of deposits                             |             |            |            
|Cost of borrowed funds                       |             |            |            
|Average interest-bearing liabilities (000's) |             |            | $          

Net Interest Margin: 4th Quarter 2005
v. 3rd Quarter 2005.The net interest margin declined 15 basis points during the quarter
resulting in lower net interest income despite an increase in average interest-earning
assets. The increase in the cost of deposits reflects higher interest rates and a change in the mix of the
Companys deposit portfolio.

Higher interest rates also resulted
in increased asset yields but the effect of those advances was not as significant as the increased cost
of interest-bearing liabilities. The increase in yield on loans receivable was driven by
higher rates on new one- to four-family mortgage loans and the upward repricing of the equity line
of credit and business banking portfolios. The Company expects further compression in the interest rate
spread and net interest margin due to the currently inverted yield curve and continued
strong competition in the Company's markets.

---



Net Interest Margin: 4th Quarter 2005
v. 4th Quarter 2004.On a year-over-year basis, the net interest margin declined by 38
basis points due to a combination of the flattening yield curve and rising rates along with
increased pricing competition in the Companys markets. Average interest-earning
assets and average interest-bearing liabilities for the current quarter grew by 8.0% and 9.5%, respectively,
compared to the prior year period.

Loan Portfolio Composition

|                                      | 12/31/05 | 9/30/05 | 12/31/04
|------------------------------------- | -------- | ------- | --------
|
|One- to four-family                   |          |         | $       
|Home equity loans and lines of credit |          |         |         
|Multi-family                          |          |         |         
|Commercial real estate                |          |         |         
|Commercial business                   |          |         |         
|Construction                          |          |         |         
|Land                                  |          |         |         
|Consumer loans                        |          |         |         
|                                      |          |         |         
|Total loans receivable, net           |          |         | $       
|                                      |          |         |         

Growth in the loan portfolio was 6.2%
annualized during the quarter and 4.8% over the past year. Growth in equity line of credit balances
proved challenging during 2005, as prime interest rates rose 200 basis points during the
year. Rate competition for business
lending remains strong in both the Chicago and Milwaukee markets.

Non-Interest Income

|                                       | QE 12/31/05 | QE 9/30/05 | QE 12/31/04
|-------------------------------------- | ----------- | ---------- | -----------
|Total non-interest income (000's)      |             |            | $          
|Non-interest income / total revenue(1) |             |            |            

|(1) | Total
revenue equals net interest income plus non-interest income.
|--- | ------------------------------------------------------------------

Non-interest income increased 19.1%
compared to the third quarter of 2005 and 36.3% compared to the fourth quarter of 2004.
The fourth quarter of 2005 includes a $2.4 million gain on the sale of mortgage servicing rights
and $2.8 million in income from real estate operations as the Company completed its first
sales in the Springbank development.

2

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Residential Mortgage
Originations, Sales and Servicing

|                                                               | QE 12/31/05 | QE 9/30/05 | QE 12/31/04 |        
|-------------------------------------------------------------- | ----------- | ---------- | ----------- | -------
|
|1-4 Family Originations and Purchases                          |             |            |             |        
|Fixed-rate                                                     |             |            | $           | 159,512
|Adjustable rate                                                |             |            |             | 353,523
|                                                               |             |            |             |        
|Total                                                          |             |            | $           | 513,035
|                                                               |             |            |             |        
|Fixed-rate %                                                   |             |            |             | 31     
|Adjustable rate %                                              |             |            |             | 69     
|Refinance %                                                    |             |            |             | 33     
|                                                               |             |            |             |        
|Loan Sales                                                     |             |           
|Fixed-rate                                                     |             |            | $           | 166,778
|Adjustable rate                                                |             |            |             |       
|                                                               |             |            |             |        
|Total                                                          |             |            |             | 166,778
|Equity lines of credit                                         |             |            |             | 11,698 
|                                                               |             |            |             |        
|Total loans sold                                               |             |            | $           | 178,476
|                                                               |             |            |             |        
|Gain on sale of 1-4 family mortgages                           |             |            | $           | 1,575  
|Gain on sale of equity lines of credit                         |             |            |             | 266    
|                                                               |             |            |             |        
|Total loan sale gains                                          |             |            | $           | 1,841  
|                                                               |             |            |             |        
|Margin on 1-4 family loan sales (basis points)                 |             |            |             | .94    
|                                                               |             |            |             |        
|Loan Servicing                                                 |             |           
|Loan servicing fee income                                      |             |            | $           | 2,400  
|Valuation recovery on mortgage servicing rights                |             |            |             | 443    
|Capitalized mortgage servicing rights as a percentage of loans |            
|serviced for others (basis points)                             |             |            |             | .69    

Total one- to four-family residential mortgage
loan volume was down 10% during the past three months compared to the third quarter of
2005, and down 15% in 2005 compared to 2004, as rising rates led to reduced consumer demand while
competition remained strong. During the fourth quarter, the Company completed a sale of
servicing rights on approximately $750 million of loans, or 21% of its one- to four-family mortgage
loans serviced for others portfolio, at a pre-tax gain of $2.4 million. The loan servicing
rights were sold to take advantage of an increase in servicing values early in the fourth
quarter and represented primarily single service customers.

Deposit Account Service
Fees

|                                         | QE 12/31/05 | QE 9/30/05 | QE 12/31/04
|---------------------------------------- | ----------- | ---------- | -----------
|Deposit service charges (000's)          |             |            | $          
|Deposit service fees / total revenue     |             |            |            
|Number of checking accounts (period end) |             |            |            

Higher fees implemented during the
third quarter of 2005 contributed to modest growth in deposit service charges in the
current quarter. Checking account growth remains challenging as
the Companys markets continue to be very competitive.

3

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Real Estate Development
Operations

|                                                               | QE 12/31/05 | QE 9/30/05 | QE 12/31/04
|-------------------------------------------------------------- | ----------- | ---------- | -----------
|Real estate development income - total (000's)                 |             |            | $          
|Residential lot sale closings                                  |             |            |            
|Pending lot sales at quarter end                               |             |            |            
|Investment in real estate held for development or sale (000's) |             |            | $          

The Company closed its first sales in
the Springbank development in Plainfield, IL during the current quarter. As a result of
delays in this project during the year and higher than expected development costs, income for
the year from real estate development was significantly lower than originally
planned. Included in income for the quarter ended December 31, 2005 is $428,000 related to the Shendandoah
project that was completed during 2005. The Company expects
higher income from real estate development in 2006, with most of
the income coming in the second half of the year.

Non-Interest Expense

|                                       | QE 12/31/05 | QE 9/30/05 | QE 12/31/04
|-------------------------------------- | ----------- | ---------- | -----------
|Total non-interest expense (000's)     |             |            |            
|Non-interest expense to average assets |             |            |            
|Efficiency ratio(1)                    |             |            |            

|(1) | The
efficiency ratio is calculated by dividing non-interest expense by the sum
               of net interest income and non-interest income, excluding net gain/(loss)
on                sale on write-down of mortgage-backed and investment securities and
mortgage                servicing rights.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

4th Quarter 2005 v. 3rd Quarter 2005.Total non-interest expense declined by $560,000 compared to the third quarter of 2005 as
compensation and benefits expense fell by $919,000 primarily due to lower accruals for
annual incentive compensation. Advertising costs declined by $838,000 from the previous
quarter primarily due to a reevaluation of direct mail strategies and reduced special
promotion and premium expenses. Other expense was up $726,000 primarily due to costs
related to compliance initiatives and a $322,000 charge related
to the write-off of a contingent receivable from a previous acquisition.

4th Quarter 2005 v. 4th Quarter 2004.Compared to a year ago, total non-interest expense declined $2.1 million, or 4.6%.
Compensation and benefits decreased by $882,000, or 3.7%, primarily due to process improvement initiatives and lower
accruals for annual incentive
compensation and medical benefits expenses. Other non-interest expenses declined by $1.3
million primarily due to lower telephone expense, reduced fraud and bad check losses and
lower costs related to the Banks affordable housing investments.

Income Tax Expense

Income tax expense totaled $14.6
million in the current quarter, equal to an effective income tax rate of 35.0%, higher
than the 33.4% reported in the third quarter of 2005 and higher than the 33.8%
effective rate reported for the quarter ended December 31, 2004. The increase in the
effective tax rate over the past three months was due in part to lower earnings from tax-advantaged
bank-owned life insurance investments in the current quarter.  The higher effective tax rate in the
current quarter compared to the fourth quarter of 2004 was primarily the result of the resolution of certain
prior years income tax matters during 2004.

4

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Asset Quality

|                                                | 12/31/05 | 9/30/05 | 12/31/04
|----------------------------------------------- | -------- | ------- | --------
|
|Non-performing loans (NPL)                      |          |         | $       
|Non-performing assets (NPA)                     |          |         | $       
|NPL / total loans                               |          |         |         
|NPA / total assets                              |          |         |         
|Allowance for loan losses (ALL)                 |          |         | $       
|ALL / total loans                               |          |         |         
|ALL / NPL                                       |          |         |         
|Provision for loan losses for the quarter ended |          |         | $       
|Net charge-offs for the quarter ended           |          |         | $       

Non-performing loans declined $4.2 million over the last three
months and are lower compared to December 31, 2004. The Company continues to experience strong
credit quality.  The large decrease in non-performing
loans from the previous quarter was primarily the result of the charge-offs taken in the quarter and
two equity lines of credit, aggregating $3.0 million, that are no longer non-performing. One
of these loans was brought current and the
other loan was repaid in full in the fourth quarter. Net charge-offs in the current quarter included $620,000 of
charge-offs on  two commercial loans and $613,000 of net charge-offs on one- to four-family
mortgage loans and equity lines of credit. While net charge-offs increase substantially  in the current quarter
from prior periods, the overall level of charge-offs was not significant and the Company has not identified
negative trends in asset quality.
The provision for loan losses of $1.5
million for the quarter reflects the increase in net charge-offs and growth in the portfolio. At December 31, 2005,
93% of non-performing loans consisted of loans secured by one-to four-family residential
properties, equal to the 93% reported at September 30, 2005.

Balance Sheet &
Capital

|                                    | 12/31/05 | 9/30/05 | 12/31/04
|----------------------------------- | -------- | ------- | --------
|
|Assets:                             |          |         |         
|Total assets                        |          |         | $       
|Loans receivable                    |          |         |         
|Mortgage-backed securities          |          |         |         
|Liabilities and Equity:             |          |        
|Total liabilities                   |          |         | $       
|Deposits                            |          |         |         
|Borrowed funds                      |          |         |         
|Junior subordinated debentures      |          |         |         
|Stockholders' equity                |          |         |         
|Other:                              |          |        
|Core deposits / total deposits      |          |         |         
|Book value per share                |          |         | $       
|Stockholders' equity / total assets |          |         |         

5

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Deposit Composition

|                                | 12/31/05 | 9/30/05 | 12/31/04
|------------------------------- | -------- | ------- | --------
|
|
|Commercial checking             |          |         | $       
|Non-interest bearing checking . |          |         |         
|Interest-bearing checking       |          |         |         
|Commercial money market         |          |         |         
|Money market                    |          |         |         
|Passbook                        |          |         |         
|                                |          |         |         
|Core deposits                   |          |         |         
|                                |          |         |         
|Certificates of deposit         |          |         |         
|                                |          |         |         
|Unamortized premium             |          |         |         
|                                |          |         |         
|Total deposits                  |          |         | $       
|                                |          |         |         

Stockholders Equity

Stockholders equity increased
by $12.2 million in the past three months primarily from net income of $27.1 million
partially offset by cash dividends of $7.4 million and a $7.9 million decrease in the fair
value of the Companys available for sale securities portfolio. The Banks
tangible, core and risk-based capital ratios at December 31, 2005, exceeded minimum and
well-capitalized regulatory capital requirements.

Results for the Twelve
Months Ended December 31, 2005

Diluted earnings per share totaled
$3.13 in the current year up 4% from $3.01 last year. For the twelve months ended
December 31, 2005, net income totaled $103.4 million compared to $101.5 million in last
years comparable period. Net interest income was slightly higher at $264.8 million
compared to $261.3 million last year, as increases in net interest-earning assets were
largely offset by contracting interest rate spreads. The net interest margin contracted to
2.88% for 2005, compared to 3.06% for 2004. Non-interest income totaled $79.2 million
in 2005, up 3.8% compared to 2004, despite significantly lower income from real estate
operations. Non-interest income for 2005 included $664,000 related to bank-owned life
insurance proceeds and a $2.4 million gain on sale of mortgage loan servicing rights.

The Companys successful cost
control efforts during the year held non-interest expense flat at $184.0 million in 2005
compared to 2004. This was achieved while operations continued to expand through
acquisition (Chesterfield Financial Corp. in October 2004) and three new branch openings
in 2005. The ratio of non-interest expense to average assets improved to 1.84% in 2005
compared to 1.99% in 2004. Compensation and benefits expense increased 1.5% in 2005
compared to 2004 while occupancy and equipment costs increased by 5.0% over this
same period largely due to a greater number of branch office facilities compared to a year
ago.

6

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EFC Acquisition

On June 30, 2005, the Company
announced it had reached an agreement to acquire Elgin, IL-based EFC Bancorp, Inc. in a
cash and stock transaction valued at approximately $177.5 million on the date of
announcement. At December 31, 2005,
EFC had approximately $1.0 billion in assets and $735 million in deposits. The transaction is
scheduled to close on January 31, 2006 and the Company expects to complete the data
processing conversion by February 20, 2006. The Company expects that anticipated cost
savings will be recognized over the course of the year as the acquired operations are fully
integrated.

Company Profile

MAF Bancorp is the parent company of
Mid America Bank, a federally chartered stock savings bank. The Bank currently operates a
network of 75 retail banking offices throughout Chicago and Milwaukee and their
surrounding areas. Offices in Wisconsin operate under the name St. Francis Bank, a
division of Mid America Bank. The Companys common stock trades on the Nasdaq
Stock Market under the symbol MAFB.

Forward-Looking
Information

Statements contained in this news
release that are not historical facts, constitute forward-looking statements (within the
meaning of Section 21E of the Securities Exchange Act of 1934, as amended), which involve
significant risks and uncertainties. The Company intends such forward-looking statements
to be covered by the safe harbor provisions for forward-looking statements contained in
the Private Securities Litigation Reform Act of 1995, and is including this statement for
purposes of invoking these safe harbor provisions. These forward-looking statements, which
are based on certain assumptions and describe future plans, strategies and expectations of
the Company, are generally identifiable by use of the words believe,
expect, intend, anticipate, estimate,
project, plan, or similar expressions. The Companys ability
to predict results or the actual effect of future plans or strategies is inherently
uncertain and actual results may differ from those predicted. The Company undertakes no
obligation to update these forward-looking statements in the future.

Factors which could have a material
adverse effect on operations and could affect managements outlook or future
prospects of the Company and its subsidiaries include, but are not limited to,
unanticipated changes in interest
rates or further inversion of the yield curve, less than anticipated balance sheet
growth, unanticipated changes in secondary mortgage market
conditions, deposit flows, competition, adverse federal or state legislative or regulatory
developments, higher than expected compliance costs, deteriorating economic conditions which could
result in increased delinquencies in the Companys loan portfolio, the quality or
composition of the Companys loan or investment portfolios, demand for loan products, financial
services and residential real estate in the Companys market areas, delays in real
estate development projects, difficulties relating to the integration of the EFC acquisition
and the possible short-term dilutive effect of the EFC acquisition or other
potential acquisitions, if any, and changes in accounting principles, policies and
guidelines. These risks and uncertainties should be considered in evaluating
forward-looking statements and undue reliance should not be placed on such statements.

7

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MAF BANCORP, INC. AND
SUBSIDIARIES CONSOLIDATED STATEMENTS
OF OPERATIONS(Dollars in thousands,
except per share data)

|                                                        | Three Months Ended
December 31, | Year Ended
December 31,
|------------------------------------------------------- | ------------------------------- | -----------------------
|
|
|Interest income                                         |                                 |                        
|Interest expense                                        |                                 |                        
|                                                        |                                 |                        
|Net interest income                                     |                                 |                        
|Provision for loan losses                               |                                 |                        
|                                                        |                                 |                        
|Net interest income after provision for loan losses     |                                 |                        
|Non-interest income:                                    |                                 |                        
|Net gain (loss) on sale and write-down of:              |                                 |                        
|Loans receivable held for sale                          |                                 |                        
|Mortgage-backed securities                              |                                 |                        
|Investment securities                                   |                                 |                        
|Foreclosed real estate                                  |                                 |                        
|Mortgage loan servicing rights                          |                                 |                        
|Income from real estate operations                      |                                 |                        
|Deposit account service charges                         |                                 |                        
|Other loan fees                                         |                                 |                        
|Loan servicing fee income, net                          |                                 |                        
|Valuation recovery on mortgage servicing rights         |                                 |                        
|Brokerage commissions                                   |                                 |                        
|Other                                                   |                                 |                        
|                                                        |                                 |                        
|Total non-interest income                               |                                 |                        
|Non-interest expense:                                   |                                 |                        
|Compensation and benefits                               |                                 |                        
|Office occupancy and equipment                          |                                 |                        
|Advertising and promotion                               |                                 |                        
|Data processing                                         |                                 |                        
|Other                                                   |                                 |                        
|Amortization of core deposit intangibles                |                                 |                        
|                                                        |                                 |                        
|Total non-interest expense                              |                                 |                        
|                                                        |                                 |                        
|Income before income taxes                              |                                 |                        
|Income taxes                                            |                                 |                        
|                                                        |                                 |                        
|Net income                                              |                                 |                        
|                                                        |                                 |                        
|Basic earnings per share                                |                                 |                        
|                                                        |                                 |                        
|Diluted earnings per share                              |                                 |                        
|                                                        |                                 |                        
|Average common and common equivalent shares outstanding |                                 |                        
|(in thousands):                                         |                                 |                        
|Basic                                                   |                                 |                        
|Diluted                                                 |                                 |                        

8

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MAF BANCORP, INC. AND
SUBSIDIARIES CONSOLIDATED STATEMENTS
OF FINANCIAL CONDITION(Dollars in thousands)

|                                                                               | December 31,
2005 | December 31,
2004
|------------------------------------------------------------------------------ | ----------------- | -----------------
|
|Assets                                                                         |                   |                  
|Cash and due from banks                                                        |                   |                  
|Interest-bearing deposits                                                      |                   |                  
|Federal funds sold                                                             |                   |                  
|                                                                               |                   |                  
|Total cash and cash equivalents                                                |                   |                  
|Investment securities available for sale, at fair value                        |                   |                  
|Stock in Federal Home Loan Bank of Chicago, at cost                            |                   |                  
|Mortgage-backed securities available for sale, at fair value                   |                   |                  
|Mortgage-backed securities held to maturity (fair value $237,489 and $244,615) |                   |                  
|Loans receivable held for sale                                                 |                   |                  
|Loans receivable, net                                                          |                   |                  
|Allowance for loan losses                                                      |                   |                  
|                                                                               |                   |                  
|Loans receivable, net of allowance for loan losses                             |                   |                  
|                                                                               |                   |                  
|Accrued interest receivable                                                    |                   |                  
|Foreclosed real estate                                                         |                   |                  
|Real estate held for development or sale                                       |                   |                  
|Premises and equipment, net                                                    |                   |                  
|Other assets                                                                   |                   |                  
|Goodwill                                                                       |                   |                  
|Intangibles, net                                                               |                   |                  
|                                                                               |                   |                  
|                                                                               |                   |                  
|                                                                               |                   |                  
|Liabilities and Stockholders' Equity                                           |                   |                  
|Liabilities:                                                                   |                   |                  
|Deposits                                                                       |                   |                  
|Borrowed funds                                                                 |                   |                  
|Junior subordinated debentures                                                 |                   |                  
|Advances by borrowers for taxes and insurance                                  |                   |                  
|Accrued expenses and other liabilities                                         |                   |                  
|                                                                               |                   |                  
|Total liabilities                                                              |                   |                  
|                                                                               |                   |                  
|Stockholders' equity:                                                          |                   |                  
|Preferred stock, $.01 par value; authorized 5,000,000 shares; none             |                   |                  
|outstanding                                                                    |                   |                  
|Common stock, $.01 par value; 80,000,000 shares authorized; 33,634,642         |                   |                  
|shares issued; 32,066,721 and 33,273,235 shares outstanding                    |                   |                  
|Additional paid-in capital                                                     |                   |                  
|Retained earnings, substantially restricted                                    |                   |                  
|Accumulated other comprehensive loss, net of tax                               |                   |                  
|Stock in Gain Deferral Plan;  245,467 shares at December 31, 2004              |                   |                  
|Treasury stock, at cost 1,567,921 and 361,407 shares                           |                   |                  
|                                                                               |                   |                  
|Total stockholders' equity                                                     |                   |                  
|                                                                               |                   |                  
|                                                                               |                   |                  
|                                                                               |                   |                  

9

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MAF BANCORP, INC. AND
SUBSIDIARIES SELECTED FINANCIAL DATA(In thousands, except share
data) (Unaudited)

|                                                 | December 31,
2005 | December 31,
2004
|------------------------------------------------ | ----------------- | -----------------
|Book value per share                             |                   |                  
|Tangible book value per share                    |                   |                  
|Stockholders' equity to total assets             |                   |                  
|Tangible stockholders' equity to tangible assets |                   |                  
|Tangible capital ratio (Bank only)               |                   |                  
|Core capital ratio (Bank only)                   |                   |                  
|Risk-based capital ratio (Bank only)             |                   |                  
|Common shares outstanding                        |                   |                  
|Mortgage loans serviced for others               |                   |                  
|Capitalized mortgage servicing rights, net       |                   |                  
|Core deposit intangibles, net                    |                   |                  

|                                                 | Three Months Ended
December 31, | Year Ended
December 31,
|------------------------------------------------ | ------------------------------- | -----------------------
|
|Average balance data:                            |                                 |                        
|Total assets                                     |                                 |                        
|Loans receivable                                 |                                 |                        
|Interest-earning assets                          |                                 |                        
|Interest-bearing deposits                        |                                 |                        
|Interest-bearing liabilities                     |                                 |                        
|Stockholders' equity                             |                                 |                        
|Performance ratios (annualized):                 |                                 |                        
|Return on average assets                         |                                 |                        
|Return on average equity                         |                                 |                        
|Return on average tangible equity(1)             |                                 |                        
|Average yield on interest-earning assets         |                                 |                        
|Average cost of interest-bearing liabilities     |                                 |                        
|Interest rate spread                             |                                 |                        
|Net interest margin                              |                                 |                        
|Non-interest expense to average assets           |                                 |                        
|Non-interest expense to average assets and loans |                                 |                        
|serviced for others                              |                                 |                        
|Efficiency ratio(2)                              |                                 |                        
|Loans sold                                       |                                 |                        
|Cash dividends declared per share                |                                 |                        

|(1) | Return
on average tangible equity is calculated by dividing annualized net income by                average
equity less the sum of average goodwill and core deposit intangibles.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(2) | The
efficiency ratio is calculated by dividing non-interest expense by the sum
               of net interest income and non-interest income, excluding net gain/(loss)
on                sale and write-down of mortgage-backed and investment securities and
mortgage                servicing rights.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

10

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