<PAGE>
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                                                                               .
                                                                               .

                                                                    EXHIBIT 13.1

                        [WEST POINTE BANCORP, INC. LOGO]

TABLE OF CONTENTS
--------------------------------------------------------------------------------

<Table>
<Caption>
                                                                                    Page
                                                                                    ----
<S>                                                                                 <C>
Common Stock and Related Matters                                                      1
Message To Our Shareholders                                                           3
Selected Consolidated Financial Information                                           4
Management's Discussion and Analysis                                                  5
Independent Auditors' Reports                                                     31-32
Consolidated Financial Statements                                                    33
Notes To Consolidated Financial Statements                                           38
 Stockholder Information                                                          Inside
                                                                              Back Cover
</Table>

COMMON STOCK AND RELATED MATTERS
--------------------------------------------------------------------------------
     There is no established public trading market for the common stock of West
Pointe Bancorp, Inc. ("West Pointe"). Accordingly, there is no comprehensive
record of trades or the prices of any such trades. The following table reflects
sales prices for West Pointe's common stock to the extent such information is
available to management of West Pointe, and the dividends declared with respect
thereto during the past three years.

<Table>
<Caption>
                                                                                    Cash
                                                               High      Low      Dividends
-------------------------------------------------------------------------------------------
<S>                                                           <C>       <C>       <C>
2003
First Quarter                                                 $36.75    $35.75      $.12
Second Quarter                                                 37.75     36.75       .14
Third Quarter                                                  38.75     37.75       .14
Fourth Quarter                                                 39.75     38.75       .14
2002
First Quarter                                                 $32.25    $27.05      $.10
Second Quarter                                                 33.50     32.25       .10
Third Quarter                                                  34.75     33.50       .12
Fourth Quarter                                                 35.75     34.75       .12
2001
First Quarter                                                 $27.50    $27.50      $.09
Second Quarter                                                 27.50     27.50       .09
Third Quarter                                                  30.25     27.50       .09
Fourth Quarter                                                 31.00     30.25       .09
</Table>

     The stockholders of West Pointe's common stock are entitled to dividends
when, as and if declared by the Board of Directors, subject to the restrictions
imposed by law. The Federal Reserve Board ("FRB") generally prohibits a bank
holding company from declaring or paying a cash dividend that would impose undue
pressure on the capital of subsidiary banks or would be funded only through
borrowing or other arrangements that might adversely affect a bank holding
company's financial position. The FRB's policy is that a bank holding company
should not initiate or continue cash dividends on its common stock unless its
net income is sufficient to fully fund each dividend and its prospective rate of
earnings retention appears consistent with its capital needs, asset quality and
overall financial condition. A bank holding company is expected to act as a
source of financial strength for each of its subsidiary banks and to commit
resources to support its banks in circumstances when it might not do so in the
absence of such policy. There are no contractual restrictions that currently
limit West Pointe's ability to pay dividends or that West Pointe reasonably
believes are likely to limit materially the future payment of dividends on West
Pointe's common stock.

     As of March 1, 2004, West Pointe had 592 registered stockholders of record
for its common stock.

                                        1
<PAGE>

                               EXECUTIVE OFFICERS

                                    [PHOTO]

SEATED, LEFT TO RIGHT:
     Terry W. Schaefer, President and Chief Executive Officer
     Harry E. Cruncleton, Chairman of the Board

STANDING:
      Bruce A. Bone, Executive Vice President and Chief Financial Officer

                                        2
<PAGE>

MESSAGE TO OUR SHAREHOLDERS
--------------------------------------------------------------------------------

TO OUR SHAREHOLDERS,

     We are pleased to present the detailed financial results for 2003,
reflecting continued strong performance of our core operations and fee income
producing sources. While our earnings performance of 2003 was not equal to our
record earnings of 2002, we are, nonetheless, pleased with our accomplishments
and remain optimistic that an improving economy will benefit our future growth
and income potential.

     In 2003, we devoted significant time and resources to examining our core
values and strategies needed to sustain our success and growth. Following your
review of the Annual Report, we believe you will agree that financially, 2003
was a most successful year for West Pointe.

     The year 2003 was an extremely challenging year for the banking industry,
inclusive of West Pointe. The historically low interest rate environment,
evident throughout the entire year, resulted in a narrowing of our interest rate
spread, the difference between rates earned on interest earning assets and rates
paid on interest bearing liabilities. This narrowing of our interest rate spread
adversely affected net interest income throughout the year. One of our primary
challenges is to manage the net interest margin. Given the interest rate
environment and the increased level of competition in West Pointe's market area,
managing the net interest margin will remain paramount to improved performance.

     The year 2003 was highlighted by various positive results, among them, the
highest level of revenues ever generated from our mortgage banking function.
Mortgage banking revenues generated during 2003 increased 54% compared to those
generated during 2002. The increase in mortgage banking revenues was directly
related to the low interest rate environment, which increased mortgage
originations, primarily due to a high level of refinancing activity.

     During 2004, we will continue our efforts to exceed expectations, for which
we believe the key is to have a focused strategy. For West Pointe, the strategy
includes continued support of our image as a premier community banking
organization within Southern Illinois and the St. Louis metropolitan area. We
will continue our efforts to grow the corporation by financial performance
improvement.

     West Pointe's consistent levels of financial performance and growth solidly
positioned the company in today's highly competitive financial services
industry. The strength and character of our institution provides an excellent
opportunity for future growth and increased shareholder value.

     Quality management will enable us to fulfill our mission to provide
excellent, responsive financial services to the markets we serve, and build upon
our positive image of responsiveness and commitment to employees, customers,
shareholders and community. West Pointe is fortunate to have management and
staff with tremendous strength and depth at all levels. Our blend of management,
with years of dedication to West Pointe, continues to apply the principles and
attributes necessary to improve performance and increase shareholder value.
While we are very proud of our current management team and the depth of
experience, integrity and skills that they possess, we welcome Mr. Robert Lakin,
who joined us in the capacity of Executive Vice President and Senior Lending
Officer. We are certain that Bob's depth of experience and management will
contribute greatly to our future success and will compliment our existing strong
team of officers and managers.

     We would be remiss if we did not pay tribute to Lois Elder, who passed away
on August 18, 2003. Lois was an original member of our organization dating back
to 1990 and served as Assistant Vice President and Director of the Advantage
Pointe Program. Lois possessed charm, warmth, character and friendliness, which
was a constant inspiration to our entire organization. Lois managed and served
the segment of our business devoted to those 50 years of age and greater, which
represents approximately 33% of our deposit base. Lois' talents, devotion and
love of life and people have left an indelible impression upon us. She was a
special friend and an inspiration to the entire West Pointe family.

     We are optimistic about the long-term prospects for West Pointe. We are
focused on service excellence, earnings growth and increased shareholder value.
We believe that banks are a reflection of the community. In that regard, we
strive to be a premier service provider in the markets that we serve.

     On behalf of our entire Board of Directors, we thank you for your support
and encourage your attendance at the Annual Meeting scheduled for April 14,
2004.

     With kindest personal regards,

<Table>
<S>                         <C>

/s/ Harry E. Cruncleton      /s/ Terry W. Schaefer
    Chairman of the              President and
         Board                  Chief Executive
                                    Officer
</Table>

                                        3
<PAGE>

SELECTED CONSOLIDATED FINANCIAL INFORMATION
--------------------------------------------------------------------------------

     The following Selected Consolidated Financial Information for West Pointe
Bancorp, Inc. should be read in conjunction with the Consolidated Financial
Statements and the accompanying Notes to Consolidated Financial Statements and
with Management's Discussion and Analysis of Financial Condition and Results of
Operations, provided herein. The Selected Consolidated Financial Information as
of and for each of the five years ended December 31, 2003 is primarily derived
from the audited financial statements.

<Table>
<Caption>
                                                             AS OF AND FOR THE YEAR ENDED DECEMBER 31,
                                            ----------------------------------------------------------------------------
                                                2003            2002            2001            2000            1999
------------------------------------------------------------------------------------------------------------------------
<S>                                         <C>             <C>             <C>             <C>             <C>
SUMMARY OF OPERATIONS
Interest and fee income                     $ 20,580,488    $ 22,055,046    $ 24,030,281    $ 23,545,625    $ 19,219,917
Interest expense                               7,164,220       9,168,905      13,643,178      14,815,435      10,876,712
Net interest income                           13,416,268      12,886,141      10,387,103       8,730,190       8,343,205
Provision for loan losses                      1,213,000         600,000         630,000       1,321,000       1,017,870
Net interest income after provision for
  loan losses                                 12,203,268      12,286,141       9,757,103       7,409,190       7,325,335
Noninterest income                             4,945,426       4,166,842       3,681,537       2,382,176       2,057,513
Noninterest expense                           12,589,157      11,239,150       9,822,244       8,362,719       6,939,073
Net income                                     3,475,937       3,773,433       2,709,296       1,530,447       2,089,675
PER SHARE DATA
Net income:
  Basic                                     $       3.54    $       3.87    $       2.76    $       1.56    $       2.25
  Diluted                                           3.42            3.79            2.73            1.55            2.23
Dividends declared                                   .54             .44             .36             .34             .33
Book value(1)                               $      31.01    $      29.18    $      23.78    $      20.75    $      17.22
Weighted average shares outstanding:
  Basic                                          983,281         974,424         980,513         979,880         929,223
  Diluted                                      1,017,693         994,402         992,183         987,282         935,221
SELECTED ACTUAL YEAR-END BALANCES
Total assets                                $425,150,441    $411,818,589    $366,713,993    $341,055,543    $311,754,405
Loans                                        217,093,718     221,581,298     200,403,739     189,424,671     174,192,437
Allowance for loan losses                      2,697,139       2,409,446       2,224,352       1,769,693       1,687,021
Securities                                   179,220,703     146,751,455     128,728,724     118,868,615     108,625,911
Deposits                                     360,920,884     350,989,837     322,100,723     301,779,121     279,142,315
Borrowings                                    29,822,967      28,229,378      18,724,629      16,495,816      13,775,700
Stockholders' equity                          30,731,413      28,539,703      23,387,722      20,460,278      16,980,222
SELECTED AVERAGE BALANCES
Assets                                      $419,792,504    $386,756,592    $355,436,082    $327,686,423    $278,358,989
Deposits                                     358,825,143     332,575,791     312,201,804     290,657,993     247,584,963
Stockholders' equity                          29,447,616      25,944,619      22,460,275      18,022,919      16,504,164
FINANCIAL RATIOS
Return on average assets                             .83%            .98%            .76%            .47%            .75%
Return on average equity                           11.80           14.54           12.06            8.49           12.66
Average equity to average assets                    7.01            6.71            6.32            5.50            5.93
Dividend payout ratio(2)                           15.25           11.37           13.04           21.79           14.67
</Table>

<Table>
<Caption>

<S>                                         <C>             <C>             <C>             <C>             <C>
========================================================================================================================
</Table>

(1) Book value is determined by dividing total stockholders' equity at
    period-end by the number of shares of common stock outstanding at
    period-end.

(2) Dividend payout ratio is determined by dividing dividends declared per
    common share by basic net income per common share.

                                        4
<PAGE>

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS
--------------------------------------------------------------------------------

INTRODUCTION

     The primary business of West Pointe Bancorp, Inc. and its sole subsidiary
("West Pointe" or the "Company") consists of providing a diversified range of
financial services in the communities in which it operates including consumer
and commercial lending, retail banking and other ancillary financial services
traditionally offered by full-service financial institutions. Additional
services offered include mortgage origination and servicing, investment
management and trust services, the issuance of debit cards, full-service
brokerage and the sale of annuities. West Pointe operates from five banking
locations and twenty-seven automated teller machines located in St. Clair,
Madison and Monroe counties in Illinois.

     The following provides a narrative discussion and analysis of the major
trends affecting West Pointe's results of operations, financial condition, asset
quality, and capital resources and asset/liability management during the
three-year period ended December 31, 2003. Throughout this discussion, certain
prior year amounts have been reclassified to conform to the current year
presentation. This discussion should be read in conjunction with the
Consolidated Financial Statements of West Pointe and the accompanying Notes to
Consolidated Financial Statements, which are included elsewhere in this report.

FORWARD-LOOKING STATEMENTS

     Management's discussion and analysis of financial condition and results of
operations contains certain forward-looking statements with respect to the
financial condition, results of operations and business of West Pointe. These
forward-looking statements are not based on historical information, but rather
are based on assumptions and describe future plans, strategies, projections and
expectations of West Pointe and are generally identified by use of the terms
"believe", "expect", "intend", "anticipate", "estimate", "project", or similar
words. West Pointe's ability to predict results or the actual effect of future
plans or strategies is uncertain. Factors which could have a material adverse
effect on West Pointe's operations include, but are not limited to, changes in
interest rates, general economic conditions, legislative/regulatory changes,
monetary and fiscal policies of the U.S. Government, including policies of the
U.S. Treasury and the Board of Governors of the Federal Reserve System, the
quality or composition of the loan or investment portfolios, demand for loan
products, deposit flows, competition, demand for financial services in West
Pointe's market areas and accounting principles and guidelines. Additionally,
the policies of the Federal Deposit Insurance Corporation (FDIC), the State of
Illinois Office of Banks and Real Estate, the Financial Accounting Standards
Board (FASB), the Public Company Accounting Oversight Board (PCAOB) and the
Securities and Exchange Commission could cause actual results to differ from
those currently anticipated. All of these uncertainties, as well as others, are
present in a banking operation and stockholders are cautioned that management's
view of the future on which it prices its products, evaluates collateral, sets
loan reserves and estimates costs of operation and regulation may prove to be
other than as anticipated. West Pointe assumes no obligation to update any
forward-looking statements that are made from time to time.

FINANCIAL OVERVIEW

     Net income for the year ended December 31, 2003, was $3,475,937 compared
with $3,773,433 for the year ended December 31, 2002, and $2,709,296 for the
year ended December 31, 2001, representing a 7.9% decrease in net income for
2003 as compared to 2002 and a 39.3% increase for

                                        5
<PAGE>

2002 compared to 2001. Return on average assets was .83% for the year ended
December 31, 2003, .98% for the year ended December 31, 2002 and .76% for the
year ended December 31, 2001.

     Return on average equity was 11.80% for the year ended December 31, 2003,
14.54% for the year ended December 31, 2002 and 12.06% for the year ended
December 31, 2001. Basic net income per share for the year ended December 31,
2003 decreased to $3.54 per share from $3.87 for the year ended December 31,
2002. Basic net income per share totaled $2.76 for the year ended December 31,
2001. Diluted net income per share for the year ended December 31, 2003
decreased to $3.42 per share from $3.79 for the year ended December 31, 2002.
Diluted net income per share totaled $2.73 for the year ended December 31, 2001.

     The decrease in net income for the year ended December 31, 2003 compared to
the year ended December 31, 2002 was primarily the result of increases in the
provision for loan losses and noninterest expense. These items were partially
offset by increases in net interest income, noninterest income and a reduction
of income tax expense. During 2003, management of West Pointe continued its
resolve to increase the Company's sources of noninterest income. Among others,
West Pointe achieved that objective. The increase in net income for the year
ended December 31, 2002 compared to the year ended December 31, 2001 was
primarily the result of increases in net interest income and noninterest income,
coupled with a modest reduction in the provision for loan losses. These items
were partially offset by increases in noninterest expense and income tax
expense.

     At December 31, 2003, West Pointe reported total assets of $425,150,441, an
increase of 3.2% from $411,818,589 at December 31, 2002. This increase resulted
primarily from growth in securities, partially offset by a decrease in loans.
The increase in total assets was funded primarily by an increase in deposits.

RESULTS OF OPERATIONS

  NET INTEREST INCOME

     Net interest income is comprised of interest income and loan-related fees
less interest expense. Net interest income is affected by a number of factors
including the level, pricing, mix and maturity of earning assets and interest
bearing liabilities; interest rate fluctuations; and asset quality. Net interest
income as presented below is on a "tax-equivalent" basis, which adjusts tax-
exempt income to an amount that would yield the same after-tax income had the
income been subject to taxation at the federal statutory rate, currently 34% for
West Pointe.

     Net interest income for the year ended December 31, 2003, was $14,144,228
compared to $13,613,814 for the year ended December 31, 2002, an increase of
3.9%. Net interest income for the year ended December 31, 2001, was $10,855,105.
In 2001, the Federal Reserve Bank began reducing the federal funds rate and
continued those reductions throughout the year, ending the year with a federal
funds rate of 1.75%. This trend in federal fund rate reductions, designed to
stimulate the economy, continued in 2002 and 2003, ending those years with
federal funds rates of 1.25% and 1.00%, respectively. The continuing decline in
the interest rate environment in 2002 and 2003 had varying affects on net
interest income for those years. During the year ended December 31, 2003,
compared to the year ended December 31, 2002, net interest income decreased
$783,284 as a result of the interest rate environment. This decrease occurred as
the interest rates earned on interest earning assets declined at a faster pace
than the interest rates paid on interest bearing liabilities. During the year
ended December 31, 2002, compared to the year-end December 31, 2001, the reverse
was evident as the interest rates paid on interest bearing liabilities declined
at a faster pace than the interest rates earned on interest earning assets. This
trend resulted in an increase in net interest income, due to rate, of $1,599,641
for those years compared.

     During the year ended December 31, 2003, the average balance of interest
earning assets increased $29,529,450 compared to the year ended December 31,
2002, resulting in an increase in

                                        6
<PAGE>

tax-equivalent interest income of $1,630,671. These increases were principally
attributable to increases in the volume of loans and securities. Changes in
yields on interest earning assets decreased tax-equivalent interest income by
$3,104,942. The yield on the loan portfolio decreased 75 basis points for the
year ended December 31, 2003, compared to the year ended December 31, 2002. This
decrease was primarily due to a 50 basis point reduction in the prime lending
rate during the fourth quarter of 2002 and another 25 basis point reduction in
the second quarter of 2003. While certain loans in the commercial and real
estate loan portfolios reprice upward or downward as the prime rate changes, the
timing of this repricing does not always occur simultaneously with the prime
rate change. Loans that reprice with changes in the prime rate generally reprice
to the same extent. The yield on taxable securities decreased 123 basis points
during the year ended December 31, 2003, compared to the year ended December 31,
2002. The decline in yield on taxable securities brought about increased
prepayments on securities. The proceeds from these prepayments, along with
proceeds from taxable securities called for redemption, sold or matured were
reinvested at substantially lower interest rates. Although the overall interest
rate environment continued to decline throughout 2003, West Pointe management
continued to analyze potential interest rate risk in the investment portfolio
that could occur in a rising rate environment. This potential interest rate risk
could result in a net unrealized loss in the portfolio that exceeds West
Pointe's acceptable level. In an effort to limit this potential interest rate
risk exposure, management elected to continue purchasing securities with shorter
average lives. The yield on tax-exempt securities decreased a modest 13 basis
points during the year ended December 31, 2003, compared to the year ended
December 31, 2002. West Pointe management was able to reinvest proceeds from
maturities without substantially reducing yields.

     The increase in the average balance of interest earning assets of
$29,626,884 during the year ended December 31, 2002, compared to the year ended
December 31, 2001, resulted in an increase in tax-equivalent interest income of
$1,939,423. These increases were principally attributable to increases in the
volume of loans, securities and interest bearing due from bank balances. Changes
in yields on interest earning assets decreased tax-equivalent interest income by
$3,654,987. The yield on the loan portfolio decreased 94 basis points for the
year ended December 31, 2002, compared to the year ended December 31, 2001, due
to decreases in the prime lending rate. The yield on taxable securities
decreased 163 basis points while the yield on tax-exempt securities increased 45
basis points during the year ended December 31, 2002, compared to the year ended
December 31, 2001. Similar to that experienced during the year ended December
31, 2003, compared to the year ended December 31, 2002, the decline in yield on
taxable securities for the year ended December 31, 2002, compared to the year
ended December 31, 2001, brought about increased prepayments on securities. The
proceeds from these prepayments, along with proceeds from taxable securities
called for redemption, sold or matured were reinvested at substantially lower
interest rates. The purchase of higher yielding tax-exempt securities throughout
the year contributed to the increased yield on the tax-exempt securities
portfolio.

     The average balance of interest bearing liabilities increased $24,874,672
from the year ended December 31, 2002 to the year ended December 31, 2003. This
increase included an increase of $22,688,656 in average interest bearing
deposits. The majority of this increase was attributable to increases in the
average balance of savings and money market deposits, as well as interest
bearing demand deposits. The increases in these categories of deposits was
primarily due to continuing skepticism surrounding the performance of the stock
market that has resulted in customers desiring to retain funds in more liquid
accounts. Average time deposits decreased $1,362,341 from the year ended
December 31, 2002 to the year ended December 31, 2003. The decrease in average
time deposits occurred as customers favored more liquid accounts. Additional
deposit information is discussed further under "Deposits." The increase in the
average balance of interest bearing liabilities from the year ended December 31,
2002 to the year ended December 31, 2003 also includes an increase of $2,024,098
in average short-term borrowings. The increase in average short-term borrowings
is discussed under "Borrowings." The increase in the average balance of interest
bearing liabilities for the year ended December 31, 2003, compared to the year
ended
                                        7
<PAGE>

December 31, 2002, resulted in an increase in interest expense of $316,973. The
average rate paid on total interest bearing liabilities decreased 78 basis
points for the year ended December 31, 2003, compared to the year ended December
31, 2002. This decrease resulted in a decrease in interest expense of
$2,321,658.

     The average balance of interest bearing liabilities increased $24,579,245
from the year ended December 31, 2001 to the year ended December 31, 2002. This
increase included an increase of $17,384,794 in average interest bearing
deposits. The majority of this increase was attributable to increases in the
average balance of savings and money market deposits, as well as time deposits.
The increase in the average balance of savings and money market deposits was
primarily due to the lackluster performance of the stock market that resulted in
customers retaining funds in more liquid accounts. The increase in the average
balance of time deposits resulted primarily from normal growth. The increase in
the average balance of interest bearing liabilities from the year ended December
31, 2001 to the year ended December 31, 2002 also includes an increase of
$7,194,451 in average short-term borrowings. The increase in average short-term
borrowings is discussed under "Borrowings." The increase in the average balance
of interest bearing liabilities for the year ended December 31, 2002, compared
to the year ended December 31, 2001, resulted in an increase in interest expense
of $780,355. The average rate paid on total interest bearing liabilities
decreased 172 basis points for the year ended December 31, 2002, compared to the
year ended December 31, 2001. This decrease resulted in a decrease in interest
expense of $5,254,628.

     During 2003, West Pointe's net interest margin was 3.65% compared with
3.80% and 3.30% in 2002 and 2001, respectively. Interest rate trends had a
significant impact on West Pointe's yields and costs during the period from 2001
through 2003. The compression in the net interest margin during 2003, compared
to 2002, occurred as the yields on interest earning assets decreased at a faster
pace than the cost of interest bearing liabilities. This trend was reversed
during 2002, compared to 2001, when the cost of interest bearing liabilities
decreased at a faster pace than the yields on interest earning assets, resulting
in a widening of the net interest margin. In addition to the extremely low
interest rate environment, competitive pricing for both loans and deposits
continues to directly impact the net interest margin.

                                        8
<PAGE>

     The following table sets forth West Pointe's average balance sheets for the
last three years, the interest income and expense associated with such
categories of interest earning assets and interest bearing liabilities, and the
average yields and rates on such categories.

         DISTRIBUTION OF AVERAGE ASSETS, LIABILITIES AND STOCKHOLDERS'
                      EQUITY AND INTEREST RATE INFORMATION
<Table>
<Caption>
                                                          2003                                   2002
                                          ---------------------------------------------------------------------------
                                                                       AVERAGE                                Average
                                            AVERAGE                    YIELD/      AVERAGE                    YIELD/
                                            BALANCE       INTEREST      COST       BALANCE       INTEREST      COST
---------------------------------------------------------------------------------------------------------------------
<S>                                       <C>            <C>           <C>       <C>            <C>           <C>
ASSETS
Interest earning assets:
 Interest bearing due from banks          $  9,864,786   $    96,984     .98%    $ 14,362,079   $   220,210    1.53%
 Loans(1)(2)                               218,459,617    14,775,809    6.76      207,880,142    15,611,212    7.51
 Taxable securities(3)                     125,078,434     4,303,341    3.44       99,972,235     4,670,546    4.67
 Non-taxable securities(3)(4)               34,359,530     2,132,314    6.21       35,978,461     2,280,152    6.34
 Federal funds sold                                 --            --      --           40,000           599    1.50
---------------------------------------------------------------------------------------------------------------------
    Total interest earning assets          387,762,367    21,308,448    5.50      358,232,917    22,782,719    6.36
=====================================================================================================================
Noninterest earning assets:
 Cash and due from banks                     9,557,400                              8,507,465
 Bank premises and equipment                12,030,971                             11,788,992
 Other assets                               13,156,962                             10,615,967
 Allowance for loan losses                  (2,715,196)                            (2,388,749)
---------------------------------------------------------------------------------------------------------------------
    Total Assets                          $419,792,504                           $386,756,592
=====================================================================================================================
LIABILITIES AND STOCKHOLDERS' EQUITY
Interest bearing liabilities:
 Interest bearing demand deposits         $ 33,318,879   $   156,706     .47%    $ 28,475,416   $   221,249     .78%
 Savings and money market deposits         116,993,523     1,260,031    1.08       97,785,989     1,674,603    1.71
 Time deposits                             171,308,444     5,095,907    2.97      172,670,785     6,563,337    3.80
 Other short-term borrowings                22,324,845       364,094    1.63       20,300,747       424,306    2.09
 Federal Home Loan Bank advances             5,161,918       287,482    5.57        5,000,000       285,410    5.71
---------------------------------------------------------------------------------------------------------------------
    Total interest bearing liabilities     349,107,609     7,164,220    2.05      324,232,937     9,168,905    2.83
---------------------------------------------------------------------------------------------------------------------
Noninterest bearing liabilities:
 Demand deposits                            37,204,297                             33,643,601
 Other liabilities                           4,032,982                              2,935,435
---------------------------------------------------------------------------------------------------------------------
    Total Liabilities                      390,344,888                            360,811,973
 Stockholders' equity                       29,447,616                             25,944,619
---------------------------------------------------------------------------------------------------------------------
    Total Liabilities and Stockholders'
      Equity                              $419,792,504                           $386,756,592
=====================================================================================================================
Net interest income                                      $14,144,228                            $13,613,814
=====================================================================================================================
Interest rate spread                                                    3.45%                                  3.53%
=====================================================================================================================
Net interest margin                                                     3.65%                                  3.80%
=====================================================================================================================

<Caption>
                                                          2001
                                          ------------------------------------
                                                                       Average
                                            AVERAGE                    YIELD/
                                            BALANCE       INTEREST      COST
----------------------------------------
<S>                                       <C>            <C>           <C>
ASSETS
Interest earning assets:
 Interest bearing due from banks          $ 11,753,330   $   422,254    3.59%
 Loans(1)(2)                               197,897,220    16,723,682    8.45
 Taxable securities(3)                      88,587,493     5,579,371    6.30
 Non-taxable securities(3)(4)               29,186,073     1,717,881    5.89
 Federal funds sold                          1,181,917        55,095    4.66
----------------------------------------
    Total interest earning assets          328,606,033    24,498,283    7.46
========================================
Noninterest earning assets:
 Cash and due from banks                     8,437,289
 Bank premises and equipment                11,989,177
 Other assets                                8,418,841
 Allowance for loan losses                  (2,015,258)
----------------------------------------
    Total Assets                          $355,436,082
========================================
LIABILITIES AND STOCKHOLDERS' EQUITY
Interest bearing liabilities:
 Interest bearing demand deposits         $ 33,540,792   $   818,209    2.44%
 Savings and money market deposits          78,825,862     2,313,011    2.93
 Time deposits                             169,180,742     9,680,977    5.72
 Other short-term borrowings                13,106,296       545,559    4.16
 Federal Home Loan Bank advances             5,000,000       285,422    5.71
----------------------------------------
    Total interest bearing liabilities     299,653,692    13,643,178    4.55
----------------------------------------
Noninterest bearing liabilities:
 Demand deposits                            30,654,408
 Other liabilities                           2,667,707
----------------------------------------
    Total Liabilities                      332,975,807
 Stockholders' equity                       22,460,275
----------------------------------------
    Total Liabilities and Stockholders'
      Equity                              $355,436,082
========================================
Net interest income                                      $10,855,105
========================================
Interest rate spread                                                    2.91%
========================================
Net interest margin                                                     3.30%
========================================
</Table>

(1) For purposes of these computations, nonaccrual loans are included in the
    daily average loan amounts outstanding; interest on nonaccrual loans is
    recorded when received.

(2) Information presented on a tax-equivalent basis assuming a tax rate of 34%
    and reduced by disallowed interest expense pursuant to Internal Revenue Code
    Section 291. The disallowed interest expense amounted to $11,787, $13,441
    and $11,480 for 2003, 2002 and 2001, respectively. The tax-equivalent
    adjustment amounted to $79,843, $64,179 and $30,694 for 2003, 2002 and 2001,
    respectively.

(3) Yields are calculated on historical cost and exclude the impact of the
    unrealized gain (loss) on available for sale securities.

(4) Information presented on a tax-equivalent basis assuming a tax rate of 34%
    and reduced by disallowed interest expense pursuant to Internal Revenue Code
    Section 291. The disallowed interest expense amounted to $116,467, $169,327
    and $222,380 for 2003, 2002 and 2001, respectively. The tax-equivalent
    adjustment amounted to $648,117, $663,494 and $437,307 for 2003, 2002 and
    2001, respectively.

                                        9
<PAGE>

     The following table sets forth the volume and rate variances that affected
net interest income.

<Table>
<Caption>
                                            2003 COMPARED WITH 2002                     2002 Compared With 2001
                                         INCREASE (DECREASE) DUE TO(1)               Increase (Decrease) Due to(1)
                                    ------------------------------------------------------------------------------------
                                      VOLUME         RATE            NET          VOLUME         RATE            NET
------------------------------------------------------------------------------------------------------------------------
<S>                                 <C>           <C>            <C>            <C>           <C>            <C>
Interest earned on:
  Interest bearing due from banks   $  (57,426)   $   (65,800)   $  (123,226)   $   78,727    $  (280,771)   $  (202,044)
  Loans (2)                            767,752     (1,603,155)      (835,403)      814,338     (1,926,808)    (1,112,470)
  Taxable securities                 1,022,086     (1,389,291)      (367,205)      655,501     (1,564,326)      (908,825)
  Non-taxable securities (3)          (101,142)       (46,696)      (147,838)      422,866        139,405        562,271
  Federal funds sold                      (599)            --           (599)      (32,009)       (22,487)       (54,496)
------------------------------------------------------------------------------------------------------------------------
      Total interest earning
        assets                       1,630,671     (3,104,942)    (1,474,271)    1,939,423     (3,654,987)    (1,715,564)
------------------------------------------------------------------------------------------------------------------------
Interest paid on:
  Interest bearing demand deposits      33,160        (97,703)       (64,543)     (108,291)      (488,669)      (596,960)
  Savings and money market
    deposits                           286,684       (701,256)      (414,572)      471,531     (1,109,939)      (638,408)
  Time deposits                        (51,389)    (1,416,041)    (1,467,430)      195,828     (3,313,468)    (3,117,640)
  Short-term borrowings                 39,404        (99,616)       (60,212)      221,287       (342,540)      (121,253)
  Federal Home Loan Bank advances        9,114         (7,042)         2,072            --            (12)           (12)
------------------------------------------------------------------------------------------------------------------------
      Total interest bearing
        liabilities                    316,973     (2,321,658)    (2,004,685)      780,355     (5,254,628)    (4,474,273)
------------------------------------------------------------------------------------------------------------------------
Net interest income                 $1,313,698    $  (783,284)   $   530,414    $1,159,068    $ 1,599,641    $ 2,758,709
========================================================================================================================
</Table>

(1) The change in interest due to both rate and volume has been allocated to
    rate and volume changes in proportion to the relationship of the absolute
    dollar amounts of the change in each.

(2) Presented on a tax-equivalent basis assuming a tax rate of 34%. The
    tax-equivalent adjustment relating to the change in interest income was an
    increase of $15,664 for 2003 compared with 2002 and an increase of $33,485
    for 2002 compared with 2001.

(3) Presented on a tax-equivalent basis assuming a tax rate of 34%. The
    tax-equivalent adjustment relating to the change in interest income was a
    decrease of $15,377 for 2003 compared with 2002 and an increase of $226,187
    for 2002 compared with 2001.

  PROVISION FOR LOAN LOSSES

     The provision for loan losses reflects management's judgment of the cost
associated with credit risks in the loan portfolio. Factors, which influence
management's determination of the provision for loan losses, include, among
other things, a review of individual loans, size and quality of the loan
portfolio, current and projected economic conditions, regulatory guidelines, and
historical loan loss experience. The provision for loan losses charged to
expense in the year ended December 31, 2003 increased to $1,213,000, compared
with $600,000 and $630,000 in the years ended December 31, 2002 and 2001,
respectively. The increase in the provision for loan losses in the year ended
December 31, 2003, compared to the year ended December 31, 2002, was primarily
attributable to an increase in charge offs and nonperforming loans. Overall
growth in the loan portfolio impacted the level of the provision for loan losses
recorded during the years ended December 31, 2002 and 2001. Activity in the
allowance for loan losses and nonperforming loan data are discussed under "ASSET
QUALITY."

  NONINTEREST INCOME

     Excluding net securities gains, noninterest income for the year ended
December 31, 2003 was $4,316,108, compared with $3,826,530 and $3,291,068 in the
years ended December 31, 2002 and 2001, respectively. Total noninterest income
as a percentage of average assets was 1.18%, 1.08% and 1.04% for the years ended
December 31, 2003, 2002 and 2001, respectively.

                                        10
<PAGE>

     The following table sets forth information pertaining to the major
components of noninterest income.

<Table>
<Caption>
                                                                  Year Ended December 31,
                                                           --------------------------------------
                                                              2003          2002          2001
-------------------------------------------------------------------------------------------------
<S>                                                        <C>           <C>           <C>
Service charges on deposits                                $1,331,403    $1,402,894    $1,289,456
Mortgage banking                                              865,375       560,440       307,912
Trust fees                                                    694,157       602,528       552,241
Brokerage and insurance service                               331,532       241,364       220,262
Credit card income                                            378,317       377,031       330,605
Increase in cash surrender value of life insurance            488,087       367,202       304,882
Gain on sale of securities, net                               629,318       340,312       390,469
Other                                                         227,237       275,071       285,710
-------------------------------------------------------------------------------------------------
Total noninterest income                                   $4,945,426    $4,166,842    $3,681,537
=================================================================================================
</Table>

     Service charges on deposits are fees received for services related to
retail and commercial deposit products. These fees apply to both interest
bearing and noninterest bearing accounts and also include charges for
insufficient funds and overdrafts. These fees are the largest component of
noninterest income. Service charges on deposits totaled $1,331,403 for the year
ended December 31, 2003 compared to $1,402,894 and $1,289,456 for the years
ended December 31, 2002 and December 31, 2001, respectively. The modest decrease
for the year ended December 31, 2003, compared to the year ended December 31,
2002, was primarily attributable to a decrease in charges for insufficient funds
and overdrafts. In 2001, West Pointe management, with assistance from a third
party vendor, completed an analysis of the Company's deposit account service
charge schedule. As a result of that analysis, various deposit account service
charges were increased during the second quarter of that year. The results of
these increases, along with the growth in the volume of deposit accounts on
which service charges were assessed, contributed to the increase in service
charges on deposit accounts for the year ended December 31, 2002, compared to
the year ended December 31, 2001.

     Mortgage banking income totaled $865,375 for the year ended December 31,
2003, compared to $560,440 and $307,912 for the years ended December 31, 2002
and December 31, 2001, respectively. The level of mortgage banking income
increased 54.4% for the year ended December 31, 2003, compared to the year ended
December 31, 2002, and increased 82.0% for the year ended December 31, 2002,
compared to the year ended December 31, 2001. Mortgage banking income is
primarily comprised of mortgage servicing income and gains or losses on the sale
of mortgage loans. The mortgage loan sales volume depends heavily on the
prevailing interest rates and the strength of the local real estate market. The
higher level of mortgage banking income recorded during the years ended December
31, 2003 and 2002 was indicative of the lower interest rate environment that
characterized those two years. The lower level of mortgage banking income for
the year ended December 31, 2001 was reflective of the higher interest rate
environment that existed during that year. A decreasing interest rate
environment, as experienced in 2003 and 2002, tends to increase mortgage loan
production and mortgage refinancing activity. Conversely, an increasing interest
rate environment tends to slow these activities. The majority of mortgage loans
originated by West Pointe are sold into the secondary market with servicing
rights retained in certain cases. Due to the high level of refinancing
activities experienced during 2003 and 2002, West Pointe management anticipates
that mortgage banking activities will slow, during 2004, as refinancing
activities moderate.

     Income from trust fees totaled $694,157 for the year ended December 31,
2003 compared to $602,528 and $552,241 for the years ended December 31, 2002 and
December 31, 2001, respectively. Income from trust fees is derived primarily
from management of estates, personal trusts and investment management agencies.
The increases in income from trust fees for the years

                                        11
<PAGE>

ended December 31, 2003 and December 31, 2002 were partially due to one-time
fees charged in connection with the administration of certain estates and new
business development. Additional revenues, in the form of farm management fees,
were generated in 2003 and 2002. One of the staff members employed by West
Pointe during the fourth quarter of 2001 has substantial farm management
expertise. The increases in income from trust fees for the years ended December
31, 2003 and December 31, 2002, generated by the aforementioned activities, were
partially offset by reductions in income from certain trust fees that are based
upon the market value of trust assets. The negative trend in the stock market
experienced during 2001, 2002 and the early part of 2003, resulted in the market
values of certain trust assets being reduced.

     Income from brokerage and insurance services totaled $331,532 for the year
ended December 31, 2003 compared to $241,364 and $220,262 for the years ended
December 31, 2002 and December 31, 2001, respectively. Early in 2001, through an
arrangement with Raymond James Financial Services, Inc., member NASD and SIPC,
West Pointe expanded its product line to include additional investment
opportunities and employed two experienced staff members to administer the
brokerage and insurance function. Products available through the brokerage and
insurance service function include stocks, bonds, mutual funds, annuities and
other non-deposit investment products. The increase in income from brokerage and
insurance services for the year ended December 31, 2003, compared to the year
ended December 31, 2002, primarily resulted from new business development and
the improved performance of the stock market, which resulted in increased stock
sales activities. In addition, fixed rate annuity sales increased as certain
customers favored them over other lower yielding investments. While brokerage
and insurance services were introduced in January 2001, income from this
function was not significant until the second quarter of that year. As a result,
income from brokerage and investment services increased a modest $21,102 for the
year ended December 31, 2002 compared to the year ended December 31, 2001. The
limited growth in income from brokerage and insurance services for the year
ended December 31, 2002 was partially related to uncertainty surrounding the
performance of the stock market during that time.

     Credit card income totaled $378,317 for the year ended December 31, 2003
compared to $377,031 and $330,605 for the years ended December 31, 2002 and
December 31, 2001, respectively. Credit card income primarily consists of
merchant processing fees for credit card transactions and interchange fees
received on transactions of West Pointe's cardholders. Credit card income
remained stable for the year ended December 31, 2003, compared to the year ended
December 31, 2002. The increase in credit card income for the year ended
December 31, 2002, compared to the year ended December 31, 2001, was partially
attributable to additional merchant related revenues as well as revenues
associated with West Pointe's "debit" card product.

     During the year ended December 31, 2003, West Pointe recorded an increase
in cash surrender value of life insurance of $488,087 compared to $367,202 and
$304,882 for the years ended December 31, 2002 and December 31, 2001,
respectively. These cash surrender value increases relate to various bank owned
life insurance (BOLI) policies. Certain of the insurance policies were purchased
in connection with West Pointe's director fee deferral program and West Pointe's
salary continuation plans which were established in 2000 for the Company's
President and Chief Executive Officer and January 2003 for other Company
officers. These BOLI policies provide certain benefits to the Company including,
but not limited to, exclusion from income taxes of the increase in their cash
surrender values.

     Net securities gains totaled $629,318 for the year ended December 31, 2003
compared to $340,312 and $390,469 for the years ended December 31, 2002 and
December 31, 2001, respectively. Net securities gains for each of the three
years ended December 31, 2003 primarily resulted from management's decision to
reconfigure certain segments of the investment portfolio to limit potential
interest rate risk as described under "Net Interest Income." Considering the
rapidly declining interest rate environment evident during the past couple of
years, the majority of the securities sold were likely to be called by the
issuers in the near future. West Pointe management
                                        12
<PAGE>

believes that the investment portfolio is presently structured to reduce
interest rate risk that could occur in a rising rate environment.

     Other noninterest income includes such items as interchange fees on
automated teller machine (ATM) transactions, safe deposit rental fees, check
printing fees, wire transfer fees and other miscellaneous fees. Collectively,
the components of other noninterest income generated revenues of $227,237 for
the year ended December 31, 2003 compared to $275,071 and $285,710 for the years
ended December 31, 2002 and December 31, 2001, respectively. The decreases, for
the years compared, resulted from modest declines in a number of categories of
other noninterest income.

  NONINTEREST EXPENSE

     Noninterest expense increased $1,350,007, or 12.0%, to $12,589,157 for the
year ended December 31, 2003 compared with $11,239,150 and $9,822,244 for the
years ended December 31, 2002 and 2001, respectively. The increases for the year
ended December 31, 2003 compared to the year ended December 31, 2002 and for the
year ended December 31, 2002 compared to the year ended December 31, 2001 were
primarily attributable to increases in employee compensation and other benefits,
coupled with increases in furniture and equipment expenses, legal and
professional fees and other noninterest expenses, which include such items as
FDIC insurance premiums, contributions, telephone expenses, postage costs, and
certain credit card program expenses. Noninterest expense as a percentage of
average assets was 3.0%, 2.91% and 2.76% for the years ended December 31, 2003,
2002 and 2001, respectively.

     The following table sets forth information pertaining to the major
components of noninterest expense.

<Table>
<Caption>
                                                                 Year Ended December 31,
                                                         ----------------------------------------
                                                            2003           2002           2001
-------------------------------------------------------------------------------------------------
<S>                                                      <C>            <C>            <C>
Employee compensation and other benefits                 $ 6,530,843    $ 5,669,694    $5,030,777
Occupancy, net                                               730,497        764,036       741,577
Furniture and equipment                                      679,766        602,179       555,886
Legal and professional fees                                1,071,471        732,493       489,209
Data processing                                              459,832        453,237       402,102
Advertising                                                  399,278        379,345       325,355
Other                                                      2,717,470      2,638,166     2,277,338
-------------------------------------------------------------------------------------------------
       Total noninterest expense                         $12,589,157    $11,239,150    $9,822,244
=================================================================================================
</Table>

     Employee compensation and other benefits is the largest component of
noninterest expense representing approximately 52% of total noninterest expense
for the year ended December 31, 2003. Expenses associated with employee
compensation and other benefits totaled $6,530,843 for the year ended December
31, 2003 compared to $5,669,694 and $5,030,777 for the years ended December 31,
2002 and December 31, 2001, respectively. The increases in employee compensation
and other benefits for the year ended December 31, 2003 compared to the year
ended December 31, 2002 and for the year ended December 31, 2002 compared to the
year ended December 31, 2001 primarily reflected the cost of normal merit
increases, staff additions associated with growth in overall bank operations,
increased medical insurance benefit costs, and increased costs associated with
the salary continuation plans established for various company officers. West
Pointe had 131 full-time equivalent employees at December 31, 2003, compared to
129 and 120, respectively, at December 31, 2002 and 2001.

     Net occupancy expenses totaled $730,497 for the year ended December 31,
2003 and remained stable when compared to $764,036 and $741,577 for the years
ended December 31, 2002 and December 31, 2001, respectively. The modest decrease
in occupancy expenses for the year

                                        13
<PAGE>

ended December 31, 2003, compared to the year ended December 31, 2002, primarily
resulted from a reduction in real estate taxes associated with the Company's
banking locations.

     Furniture and equipment expenses totaled $679,766 for the year ended
December 31, 2003 compared to $602,179 and $555,886 for the years ended December
31, 2002 and December 31, 2001, respectively. The increases in furniture and
equipment expenses for the years compared were primarily attributable to
depreciation expenses associated with the Company's technology hardware upgrades
and increased furniture and equipment maintenance costs.

     Legal and professional fees include costs relating to audit and accounting
fees, investment consulting services, legal fees for compliance with Securities
and Exchange Commission regulations, legal fees for the collection of delinquent
loans, and legal fees relating to defense of various lawsuits of which the
Company is a party to in the ordinary course of business. Legal and professional
fees totaled $1,071,471 for the year ended December 31, 2003, compared to
$732,493, and $489,209 for the years ending December 31, 2002 and December 31,
2001, respectively. The increases for 2003 and 2002 resulted primarily from
increased legal fees incurred to defend various lawsuits of which the Company is
a party to in the ordinary course of business.

     Data processing expenses totaled $459,832 for the year ended December 31,
2003 compared to $453,237 and $402,102 for the years ended December 31, 2002 and
December 31, 2001, respectively. West Pointe currently employs the services of
an outside provider for its data processing needs. The increases for the periods
compared resulted from normal growth in operations.

     Advertising expenses totaled $399,278 for the year ended December 31, 2003
compared to $379,345 and $325,355 for the years ended December 31, 2002 and
December 31, 2001, respectively. The increases resulted from expanded
advertising activities in areas served by West Pointe's banking centers.

     Other noninterest expense includes such items as FDIC insurance premiums,
contributions, telephone expenses, postage costs and certain credit card program
expenses. Other noninterest expense totaled $2,717,470 for the year ended
December 31, 2003 compared to $2,638,166 and $2,277,338 for the years ended
December 31, 2002 and December 31, 2001, respectively. The increases, for the
periods compared, related to various categories, none of which were individually
significant.

     West Pointe recorded income tax expense of $1,083,600 for the year ended
December 31, 2003 compared to $1,440,400 and $907,100 for the years ended
December 31, 2002 and December 31, 2001, respectively. The provision for income
taxes consists of both federal and state income taxes. The decrease in income
tax expense for the year ended December 31, 2003, compared to the year ended
December 31, 2002, was primarily attributable to a reduced level of income
before income taxes. The increase in income tax expense for the year ended
December 31, 2002, compared to the year ended December 31, 2001, was primarily
attributable to an increased level of income before income taxes. The effective
income tax rates were 23.8%, 27.6% and 25.1% for the years ended December 31,
2003, 2002 and 2001, respectively.

FINANCIAL CONDITION

  GENERAL

     Total assets at December 31, 2003 increased $13,331,852 to $425,150,441
compared with $411,818,589 at December 31, 2002. This increase primarily
resulted from the increase in the volume of securities.

  LOANS

     Loans are the largest classification within earning assets of West Pointe
and represented 56.3%, 58.0% and 60.2% of average interest earning assets during
the years ended December 31,

                                        14
<PAGE>

2003, 2002 and 2001, respectively. Loans decreased 2.0% to $217,093,718 at
year-end 2003 from $221,581,298 at year-end 2002. Average loans were
$218,459,617 in 2003 and increased $10,579,475, or 5.1% from $207,880,142 in
2002. The growth in average loans during 2003 was primarily attributable to
continuing aggressive sales efforts in an extremely competitive market
environment. Substantially all of West Pointe's loans were originated in its
primary market territory.

     The following table presents the composition of the loan portfolio by type
of borrower and major loan category and the percentage of each to the total loan
portfolio for the periods presented.
<Table>
<Caption>
                                                                   December 31,
                         -------------------------------------------------------------------------------------------------
                                  2003                     2002                     2001                     2000
                         -------------------------------------------------------------------------------------------------
                            AMOUNT      PERCENT      AMOUNT      PERCENT      AMOUNT      PERCENT      AMOUNT      PERCENT
--------------------------------------------------------------------------------------------------------------------------
<S>                      <C>            <C>       <C>            <C>       <C>            <C>       <C>            <C>
COMMERCIAL BORROWERS
Commercial, financial
 and agricultural        $ 55,147,337     25.4%   $ 59,685,132     26.9%   $ 48,560,141     24.2%   $ 45,889,923     24.2%
Commercial real estate     79,620,879     36.7      85,147,362     38.5      75,352,452     37.6      70,523,998     37.2
Real estate
 construction              19,489,319      9.0      11,552,620      5.2       9,816,970      4.9       9,953,117      5.3
--------------------------------------------------------------------------------------------------------------------------
Total commercial          154,257,535     71.1     156,385,114     70.6     133,729,563     66.7     126,367,038     66.7
--------------------------------------------------------------------------------------------------------------------------
CONSUMER BORROWERS
1-4 family residential
 real estate               52,398,037     24.1      53,429,407     24.1      54,974,345     27.5      51,591,072     27.2
Other consumer loans       10,438,146      4.8      11,766,777      5.3      11,699,831      5.8      11,466,561      6.1
--------------------------------------------------------------------------------------------------------------------------
Total consumer             62,836,183     28.9      65,196,184     29.4      66,674,176     33.3      63,057,633     33.3
--------------------------------------------------------------------------------------------------------------------------
     Total loans         $217,093,718    100.0%   $221,581,298    100.0%   $200,403,739    100.0%   $189,424,671    100.0%
==========================================================================================================================

<Caption>
                              December 31,
                         ----------------------
                                  1999
                         ----------------------
                            AMOUNT      PERCENT
-----------------------
<S>                      <C>            <C>
COMMERCIAL BORROWERS
Commercial, financial
 and agricultural        $ 44,469,418     25.5%
Commercial real estate     61,284,167     35.2
Real estate
 construction              11,074,257      6.4
-----------------------
Total commercial          116,827,842     67.1
-----------------------
CONSUMER BORROWERS
1-4 family residential
 real estate               47,136,881     27.0
Other consumer loans       10,227,714      5.9
-----------------------
Total consumer             57,364,595     32.9
-----------------------
     Total loans         $174,192,437    100.0%
=======================
</Table>

     West Pointe's commercial, financial and agricultural loan portfolio is
diversified and includes loans secured by non-real estate collateral to
manufacturers, retailers, distributors, service providers and investors.
Emphasis is generally placed upon middle-market and community businesses with
financial stability and known local management. Underlying collateral for
commercial, financial and agricultural loans includes, but is not limited to,
inventory, equipment, vehicles and accounts receivable. In the case of
corporations, the Bank may obtain personal guarantees from principal
shareholders and/or officers.

     The commercial real estate loan portfolio consists largely of mortgage
loans secured by commercial properties located in the communities served by West
Pointe's banking centers. A significant portion of the commercial real estate
loan portfolio is comprised of traditional commercial loans with real estate
taken as additional collateral. These loans are generally made to fund the
acquisition of buildings and real estate for commercial, industrial, office and
retail use. The maximum loan-to-value ratio applicable to improved commercial
properties is 85%. Prior approval of the Bank's Loan and Discount Committee is
required for new loans with loan-to-value ratios exceeding this limit.

     The real estate construction loan portfolio consists of loans made to
finance land development preparatory to erecting new structures or the on-site
construction of 1-4 family residences, commercial properties, retail centers,
medical and business offices, warehouse facilities and multi-family residential
developments. The maximum loan-to-value ratio applicable to loans made for the
purpose of land development activities is 75%. The maximum loan-to-value ratios
applicable to commercial/multi-family and 1-4 family residential construction
loans are 80% and 85%, respectively.

     The 1-4 family residential real estate portfolio is predominantly comprised
of loans extended for owner-occupied residential properties. These loans
typically are secured by first mortgages on

                                        15
<PAGE>

the properties financed and generally have a maximum loan-to-value ratio of 85%.
The amortization periods for these loans generally do not exceed twenty years
with interest being calculated on a fixed or floating rate basis. The 1-4 family
residential real estate category also includes home equity lines of credit and
closed-end second mortgage loans. Closed-end second mortgage loans generally
bear a fixed rate of interest over a three to five year term with a five to
fifteen year amortization, while home equity lines of credit generally have an
interest rate indexed to the prime rate. Home equity loans generally have a
maximum loan-to-value ratio of 85%.

     The consumer loan portfolio consists of both secured and unsecured loans to
individuals for household, family, and other personal expenditures such as
automobile financing, home improvements, recreational and educational purposes.
Consumer loans are typically structured with fixed rates of interest and full
amortization of principal and interest within three to five years. The maximum
loan-to-value ratio applicable to consumer loans is generally 80%. This category
also includes revolving credit products such as checking overdraft protection
and MasterCard and VISA credit cards. Consumer loans are either unsecured or are
secured with various forms of collateral, other than real estate.

     The weighted average yield on the loan portfolio in 2003 was 6.76% compared
to 7.51% and 8.45% in 2002 and 2001, respectively. Overall yields on the loan
portfolio trended downward during 2003 and 2002, following the general level of
interest rates. West Pointe's loan portfolio yields tend to follow trends in the
prime lending rate. The prime lending rate decreased eleven times during the
course of the year 2001 to a level of 4.75% at December 31, 2001. The prime
lending rate continued to decline in 2002 to a level of 4.25% at December 31,
2002. During 2003, the prime lending rate decreased further to 4.00%. The lower
level of interest rates evident during 2003, 2002 and 2001 contributed to the
decreases in the weighted average yield on the loan portfolio. While loan yields
tend to follow trends in the prime lending rate, they may not follow
simultaneously with such trends. At December 31, 2003, 23.6% of West Pointe's
total loan portfolio had floating or adjustable interest rates.

     The following table sets forth the amount of loans outstanding as of
December 31, 2003, which, based on remaining maturities, are due in the periods
indicated. In addition, the amounts due after one year are classified according
to sensitivity to changes in interest rates.

<Table>
<Caption>
                                                         After One
                                           In One         Through          After
                                        Year or Less     Five Years     Five Years        Total
---------------------------------------------------------------------------------------------------
<S>                                     <C>             <C>             <C>            <C>
Commercial, financial and
  agricultural                          $32,478,935     $ 22,184,427    $   483,975    $ 55,147,337
Commercial real estate                   23,549,527       54,010,663      2,060,689      79,620,879
Real estate construction                 15,938,580        3,550,739             --      19,489,319
1-4 family residential real estate        9,173,687       24,779,206     18,445,144      52,398,037
Other consumer loans                      4,473,986        5,478,226        485,934      10,438,146
---------------------------------------------------------------------------------------------------
     Total loans                        $85,614,715     $110,003,261    $21,475,742    $217,093,718
===================================================================================================
</Table>

<Table>
<Caption>
                                                                      Interest Sensitivity
                                                                --------------------------------
                                                                                   Floating or
                                                                    Fixed           Adjustable
                                                                Interest Rates    Interest Rates
------------------------------------------------------------------------------------------------
<S>                                                             <C>               <C>
Due after one year                                               $103,430,827      $28,048,176
================================================================================================
</Table>

     The Bank's asset quality management program, particularly with regard to
loans, is designed to analyze potential risk elements and to support the growth
of a profitable and high quality loan portfolio. The Bank employs the use of a
loan rating system to monitor the loan portfolio and to

                                        16
<PAGE>

determine the adequacy of the allowance for loan losses. West Pointe's lending
philosophy is to invest in loans in the communities served by its banking
centers so it can effectively monitor and control credit risk. The majority of
the loan portfolio is comprised of retail loans and loans to small-to-midsized
businesses. A periodic review of selected credits (based on loan size) is
conducted to identify loans with heightened risks or inherent losses. Factors
which could contribute to increased risk in the loan portfolio, include, but are
not limited to, changes in interest rates, general economic conditions and
reduced collateral values. The loan portfolio does not include any loans to
foreign countries.

     As of December 31, 2003, and effective January 30, 2004, the statutory
legal lending limit amount for the Bank to loan to one customer was $8,209,868.

  SECURITIES

     Securities increased $32,469,248, or 22.1% at December 31, 2003 compared to
December 31, 2002. The increase in securities primarily resulted from purchases,
net of sales, maturities and securities called for redemption, in the available
for sale category. The securities portfolio provides a balance to interest rate
and credit risk in other categories of the balance sheet while providing a
vehicle for the investment of available funds not needed to satisfy loan demand.
The securities portfolio also supplies securities as required collateral for
certain deposits and for securities sold under agreements to repurchase
("repurchase agreements"). Additional information regarding West Pointe's
repurchase agreements is presented and discussed under "Borrowings."

     West Pointe currently classifies all securities as available for sale.
Available-for-sale securities are held with the option of their disposal in the
foreseeable future to meet investment objectives or for other operational needs.
Held-to-maturity securities generally provide a relatively stable source of
income.

     Available-for-sale securities are recorded at fair value. Net unrealized
gains on available-for-sale securities totaled $1,525,430 and $3,530,630 at
December 31, 2003 and 2002, respectively. Included in stockholders' equity at
December 31, 2003 and 2002 were accumulated other comprehensive gains of
$945,767 and $2,188,991 associated with unrealized gains and losses on
available-for-sale securities, net of income taxes. All security purchases in
2003, 2002 and 2001 were classified as available for sale.

     The following table sets forth the composition of the available-for-sale
securities portfolio for the last three years.

<Table>
<Caption>
                                                                    December 31,
                                                    --------------------------------------------
                                                        2003            2002            2001
------------------------------------------------------------------------------------------------
<S>                                                 <C>             <C>             <C>
AVAILABLE-FOR-SALE SECURITIES
U.S. government agencies                            $         --    $  9,087,650    $  7,846,306
Mortgage-backed securities                           126,843,672      89,547,303      84,023,498
Obligations of states and political subdivisions      39,856,431      38,806,702      30,568,170
Equity securities                                     12,520,600       9,309,800       6,290,750
------------------------------------------------------------------------------------------------
       Total available-for-sale                     $179,220,703    $146,751,455    $128,728,724
================================================================================================
</Table>

                                        17
<PAGE>

     The following table sets forth the maturities and weighted average yields
of each category of available-for-sale securities at December 31, 2003 based
upon contractual maturities of such securities.

<Table>
<Caption>
                                                        After One Year         After Five Years
                                  In One Year              Through                 Through
                                    or Less               Five Years              Ten Years             After Ten Years
                              --------------------------------------------------------------------------------------------
                                Amount      Yield      Amount       Yield      Amount       Yield       Amount       Yield
--------------------------------------------------------------------------------------------------------------------------
<S>                           <C>           <C>      <C>            <C>      <C>            <C>      <C>             <C>
AVAILABLE-FOR-SALE
  SECURITIES
Mortgage-backed securities    $       --      --%    $ 2,066,586    2.67%    $36,362,461    3.62%    $ 88,414,625    3.37%
Obligations of states and
  political subdivisions(1)    1,980,795    6.03      12,194,707    4.78      16,586,091    6.18        9,094,838    7.07
Equity securities(2)                  --      --              --      --              --      --       12,520,600    6.25
--------------------------------------------------------------------------------------------------------------------------
  Total available-for-sale    $1,980,795    6.03%    $14,261,293    4.47%    $52,948,552    4.42%    $110,030,063    4.00%
==========================================================================================================================
</Table>

(1) Yield presented on a tax-equivalent basis assuming a tax rate of 34%.

(2) Equity securities have no stated maturity and are, therefore, included in
    the after 10 year category.

     The weighted average yield on the taxable securities portfolio was 3.44%
for 2003, compared to 4.67% and 6.30% for 2002 and 2001, respectively. Average
taxable securities totaled $125,078,434 in 2003 compared to $99,972,235 and
$88,587,493 in 2002 and 2001, respectively.

     Average non-taxable securities totaled $34,359,530 in 2003, compared to
$35,978,461 and $29,186,073 in 2002 and 2001, respectively. The weighted average
tax-equivalent yield on non-taxable securities was 6.21%, 6.34% and 5.89% during
2003, 2002 and 2001, respectively.

     The remainder of West Pointe's interest earning assets consists of federal
funds sold and interest bearing due from bank balances. Federal funds sold
consist of sales of excess funds and generally have a maturity of one day. West
Pointe had no federal funds sold at December 31, 2003, 2002 or 2001. West
Pointe's interest bearing due from bank balances consist solely of a daily
investment deposit account maintained with the Federal Home Loan Bank. This
vehicle is used by West Pointe in addition to or as an alternative to federal
funds sold. Daily deposits to or withdrawals from the daily investment deposit
account are permitted. The interest rate paid on this account is subject to
change on a daily basis. Interest bearing due from bank balances totaled
$104,775 at December 31, 2003 compared to $11,813,253 at December 31, 2002. The
reduced level of interest bearing due from bank balances at December 31, 2003,
compared to December 31, 2002, occurred as the majority of these liquid funds
were invested in the securities portfolio, which produced a higher yield.
Average interest bearing due from bank balances totaled $9,864,786 in 2003,
compared to $14,362,079 and $11,753,330 in 2002 and 2001, respectively.

  DEPOSITS

     West Pointe's deposit base is its primary source of liquidity and consists
of deposits originating within the communities served by its banking locations.
Deposits are West Pointe's primary and most reliable funding source for interest
earning assets.

     Total deposits increased 2.8%, or $9,931,047, to $360,920,884 at December
31, 2003, from $350,989,837 at December 31, 2002. Noninterest bearing demand
deposit balances increased to $41,470,256 at December 31, 2003 from $40,604,261
at December 31, 2002. The majority of this increase was associated with normal
growth of operations. Interest bearing demand deposits increased to $33,945,374
at December 31, 2003 from $29,882,050 at December 31, 2002. Savings and money
market deposit account balances increased to $117,100,135 at December 31, 2003
from $103,970,119 at December 31, 2002. The increase in the interest bearing
demand deposits and savings and money market deposit account categories occurred
as a result of the downward movement in the interest rate environment and
uncertainty about the performance of the stock market. Management believes that
this negative trend in the stock market led to the movement of

                                        18
<PAGE>

balances from equity securities into more liquid savings and money market
deposit accounts. Collectively, time deposits of $100,000 or more and time
deposits less than $100,000 decreased to $168,405,119 at December 31, 2003 from
$176,533,407 at December 31, 2002. The majority of this decrease was related to
the lower interest rate environment as customers desired to retain funds in more
liquid deposit products. West Pointe management believes that an increasing rate
environment could result in customers returning funds to the time deposit
product. West Pointe continues to offer competitive pricing of time deposits
within its market territory.

     The following table sets forth the composition of the deposit portfolio for
the periods presented.

<Table>
<Caption>
                                                               December 31,
                                              -----------------------------------------------
                                                       2003                     2002
                                              -----------------------------------------------
                                                 AMOUNT      PERCENT      AMOUNT      PERCENT
<S>                                           <C>            <C>       <C>            <C>
---------------------------------------------------------------------------------------------
Noninterest bearing demand deposits           $ 41,470,256     11.5%   $ 40,604,261     11.6%
Interest bearing demand deposits                33,945,374      9.4      29,882,050      8.5
Savings and money market deposits              117,100,135     32.4     103,970,119     29.6
Time deposits $100,000 or more                  59,379,919     16.5      59,388,680     16.9
Time deposits less than $100,000               109,025,200     30.2     117,144,727     33.4
---------------------------------------------------------------------------------------------
     Total deposits                           $360,920,884    100.0%   $350,989,837    100.0%
=============================================================================================
</Table>

     Average total deposits increased to $358,825,143 for the year ended
December 31, 2003 compared to $332,575,791 and $312,201,804 for the years ended
December 31, 2002 and December 31, 2001, respectively. The increases in average
total deposits resulted primarily from normal growth in operations. The
increases in average total deposits also occurred as a result of the negative
trends in the stock market. The average rates paid on total deposits were 1.82%,
2.54% and 4.10% for 2003, 2002 and 2001. The lower interest rate environment in
2003 and 2002 coupled with West Pointe's efforts to reduce its cost of funds led
to the decline in average rates paid in 2003 and 2002, compared to 2001. Efforts
to reduce the cost of funds ultimately contributed to the improved net interest
margin in 2002, compared to 2001, as previously described under "Net Interest
Income." The further reduction in the cost of funds in 2003, compared to 2002,
served to reduce the net interest margin decrease in 2003, compared to 2002.

     The following table sets forth the major categories of average deposits and
the weighted average interest rates paid on such categories for the last three
years.

<Table>
<Caption>
                                                     December 31,
                            ---------------------------------------------------------------
                                   2003                  2002                  2001
                            ---------------------------------------------------------------
                               AMOUNT      RATE      AMOUNT      RATE      AMOUNT      RATE
-------------------------------------------------------------------------------------------
<S>                         <C>            <C>    <C>            <C>    <C>            <C>
Noninterest bearing demand
  deposits                  $ 37,204,297    --%   $ 33,643,601    --%   $ 30,654,408     --%
Interest bearing demand
  deposits                    33,318,879   .47      28,475,416   .78      33,540,792   2.44
Savings and money market
  deposits                   116,993,523   1.08     97,785,989   1.71     78,825,862   2.93
Time deposits                171,308,444   2.97    172,670,785   3.80    169,180,742   5.72
-------------------------------------------------------------------------------------------
     Total deposits         $358,825,143   1.82%  $332,575,791   2.54%  $312,201,804   4.10%
===========================================================================================
</Table>

                                        19
<PAGE>

     The following table sets forth the amounts and maturities of time deposits
of $100,000 or more at December 31, 2003 and December 31, 2002.

<Table>
<Caption>
                                                                    December 31,
                                                              -------------------------
                                                                 2003          2002
---------------------------------------------------------------------------------------
<S>                                                           <C>           <C>
3 months or less                                              $20,355,983   $20,303,983
Over 3 through 6 months                                       12,577,512     15,028,781
Over 6 through 12 months                                      18,572,931     13,638,185
Over 12 months                                                 7,873,493     10,417,731
---------------------------------------------------------------------------------------
     Total                                                    $59,379,919   $59,388,680
=======================================================================================
</Table>

  BORROWINGS

     Total borrowings amounted to $29,822,967 at year-end 2003, an increase of
$1,593,589 from $28,229,378 at year-end 2002. Total borrowings include
repurchase agreements, other short-term borrowings and two forms of Federal Home
Loan Bank advances. On an average basis, total borrowings increased to
$27,486,763 for 2003 compared to $25,300,747 and $18,106,296 for 2002 and 2001,
respectively.

     Other short-term borrowings consist of repurchase agreements and a
borrowing from an unaffiliated bank. The average balance of other short-term
borrowings totaled $22,324,845 for 2003 compared to $20,300,747 and $13,106,296
for 2002 and 2001, respectively. Repurchase agreements serve as an alternative
source of funds to deposit funding sources. West Pointe offers two types of
repurchase agreements. The first type is a term repurchase agreement, which
represents an alternative to short-term certificates of deposit offered to West
Pointe's customers. Generally, these types of repurchase agreement have a
maturity of less than one year. The second type of repurchase agreement is
commonly called a cash management repurchase agreement account. Such accounts
involve the daily transfer of excess funds from noninterest bearing deposit
accounts into interest bearing cash management repurchase agreement accounts.
West Pointe continues to market its cash management product to commercial and
individual deposit customers. Although viewed as a borrowing, the cash
management repurchase agreement accounts are considered a stable source of
funds. The increase in the average balance of other short-term borrowings during
2003 was primarily attributable to both types of repurchase agreements. In
addition to repurchase agreements, West Pointe had, at December 31, 2003,
another form of short-term borrowing in the amount of $1,237,100. In the fourth
quarter of 1999, West Pointe entered into a line of credit with an unaffiliated
bank, which provided for borrowings by West Pointe of up to $2,500,000. The line
of credit has since been increased to $5,000,000. Initially, West Pointe
borrowed $1,837,500 under that line of credit. The original line of credit,
which matured on December 7, 2000, has since been renewed and reflects a
maturity date of January 7, 2005. The current line of credit bears interest at a
rate of 50 basis points under the prime lending rate of another unaffiliated
bank. In order to increase its capital base, $1,500,000 of the original
borrowing was contributed to the Bank as additional paid in capital. The
remaining proceeds from the original borrowing were used to purchase 6,250
shares of West Pointe's common stock from an individual stockholder. At the
beginning of 2002, borrowings under the line of credit increased by $274,600.
Proceeds from this additional borrowing were used to partially fund the purchase
of 11,500 shares of common stock from another stockholder. The purchase of the
shares of common stock is reflected as treasury stock in West Pointe's
consolidated financial statements. During 2003, West Pointe made principal
payments on this borrowing of $300,000. The weighted average rate of interest
paid for short-term borrowings was 1.63%, 2.09% and 4.16% in 2003, 2002 and
2001, respectively. The decrease in the weighted average interest rate in 2003
and 2002 was reflective of the lower rate environment.

                                        20
<PAGE>

     At year-end 2003, Federal Home Loan Bank advances consisted of one term
advance in the amount of $5,000,000 and an overnight advance in the amount of
$4,400,000. The overnight advance serves as a funding alternative to federal
funds purchased. The Federal Home Loan Bank term advance reflects an interest
rate of 5.63% and has a final maturity date of December 13, 2004. The advance is
callable on a quarterly basis. The average balance of Federal Home Loan Bank
advances totaled $5,161,918 for 2003 compared to $5,000,000 for 2002 and 2001.
The average rate paid on these advances totaled 5.57% for 2003 and 5.71% for
2002 and 2001.

     The following table sets forth a summary of information pertaining to
short-term borrowings for the periods presented.

<Table>
<Caption>
                                                       December 31,
                               ------------------------------------------------------------
                                      2003                 2002                 2001
                               ------------------------------------------------------------
                                 AMOUNT      RATE     AMOUNT      RATE     AMOUNT      RATE
-------------------------------------------------------------------------------------------
<S>                            <C>           <C>    <C>           <C>    <C>           <C>
At December 31:
Repurchase agreements          $19,185,867   1.31%  $21,692,278   1.71%  $12,237,129   2.21%
Other                            1,237,100   3.50     1,537,100   3.75     1,487,500   4.25
Federal Home Loan Bank
  advances(1)                    4,400,000   1.21            --    --             --     --
-------------------------------------------------------------------------------------------
     Total                     $24,822,967   1.40%  $23,229,378   1.85%  $13,724,629   2.43%
===========================================================================================
For the year ended December
  31:
Average daily balance:
Federal funds purchased        $    58,904   1.45%  $        --    --%   $     1,096   6.84%
Repurchase agreements           21,225,179   1.48    18,652,682   1.91    11,539,892   3.83
Other                            1,040,762   4.79     1,648,065   4.16     1,565,308   6.65
Federal Home Loan Bank
  advances(1)                      161,918   1.28            --    --             --     --
-------------------------------------------------------------------------------------------
  Total                        $22,486,763   1.63%  $20,300,747   2.09%  $13,106,296   4.16%
===========================================================================================
Maximum month-end balance:
Repurchase agreements          $24,832,508          $23,707,487          $14,915,710
Other                            1,462,100            1,762,100            1,637,500
Federal Home Loan Bank
  advances(1)                    4,400,000                   --                   --
===========================================================================================
</Table>

(1) Includes a $4,400,000 overnight advance and excludes a $5,000,000 term
    advance.

ASSET QUALITY

     West Pointe's asset quality management program, particularly with regard to
loans, is designed to analyze potential risk elements and to support the growth
of a profitable and high quality loan portfolio. The existing loan portfolio is
monitored via West Pointe's loan rating system. The loan rating system is used
to determine the adequacy of the allowance for loan losses. West Pointe's loan
analysis process proactively identifies, monitors and works with borrowers for
whom there are indications of future repayment difficulties.

                                        21
<PAGE>

     The following table sets forth a summary of nonperforming assets and
related ratios for the periods presented.

<Table>
<Caption>
                                                              December 31,
                                    ----------------------------------------------------------------
                                       2003          2002          2001         2000         1999
----------------------------------------------------------------------------------------------------
<S>                                 <C>           <C>           <C>           <C>         <C>
Nonaccrual loans                    $1,676,187    $  796,349    $  421,662    $159,756    $1,552,319
Accruing loans past due 90 days
  or more                              598,363       940,555       370,080     685,344       790,690
Troubled debt restructurings                --            --       314,230          --            --
----------------------------------------------------------------------------------------------------
Total nonperforming loans            2,274,550     1,736,904     1,105,972     845,100     2,343,009
Foreclosed property                    230,000       365,000       156,153     128,850       348,792
----------------------------------------------------------------------------------------------------
Total nonperforming assets          $2,504,550    $2,101,904    $1,262,125    $973,950    $2,691,801
====================================================================================================
Nonperforming loans to total
  loans                                   1.05%          .78%          .55%        .45%         1.35%
Nonperforming assets to total
  loans and foreclosed property           1.15%          .95%          .63%        .51%         1.54%
Nonperforming assets to total
  assets                                   .59%          .51%          .34%        .29%          .86%
</Table>

     Nonperforming assets increased $402,646 at December 31, 2003 compared to
December 31, 2002. This increase was due to an increase in nonaccrual loans,
offset by reductions in accruing loans past due 90 days or more and foreclosed
property. The increase in nonaccrual loans at December 31, 2003, primarily
related to several loans to one borrower. Foreclosed property at December 31,
2003 consisted of one parcel of real estate. Management is in varying stages of
workout or liquidation of all nonperforming assets. Management does not
anticipate any significant loss upon disposition of the remaining parcel of
foreclosed property.

     It is the policy of West Pointe to discontinue the accrual of interest on
loans when principal or interest is due and has remained unpaid for 90 days or
more, unless the loan is well secured and in the process of collection and
management has documented reasons why the accrual of interest should continue.
Restructured loans generally take the form of an extension of the original
repayment period, and/or a reduction or deferral of interest or principal
because of deterioration in the financial position of the borrowers. West Pointe
would have recorded interest income of $145,558 for 2003 if the loans accounted
for as nonaccrual and restructured at year-end 2003, had been current in
accordance with their original terms and had been outstanding throughout the
period or since origination if held for part of the period. During 2003, $10,271
was included in interest income relating to these loans.

     Certain loans may require frequent management attention and are reviewed on
a monthly or more frequent basis. Although payments on these loans may be
current or less than 90 days past due, the borrowers presently have or have had
a history of financial difficulties and management has a concern as to the
borrowers' ability to comply with the present loan repayment terms. Management
believes such loans present more than the normal risk of collectibility. As
such, these loans may result in classification at some future point in time as
nonperforming. At December 31, 2003, such loans amounted to approximately
$6,179,000.

                                        22
<PAGE>

     The following table sets forth information pertaining to West Pointe's
provision for loan losses charged to operations, the activity in and an analysis
of the allowance for loan losses for the last five years.

<Table>
<Caption>
                                                              December 31,
                                   ------------------------------------------------------------------
                                      2003          2002          2001          2000          1999
-----------------------------------------------------------------------------------------------------
<S>                                <C>           <C>           <C>           <C>           <C>
Balance at beginning of year       $2,409,446    $2,224,352    $1,769,693    $1,687,021    $1,342,000
Loans charged off:
  Commercial, financial and
     agricultural                     834,755       220,590       192,528     1,056,539       484,565
  Real estate:
     Commercial                        38,550       104,413         7,722        16,966        74,541
     Residential                       97,730        20,610        77,484       112,204       101,815
-----------------------------------------------------------------------------------------------------
       Total real estate              136,280       125,023        85,206       129,170       176,356
-----------------------------------------------------------------------------------------------------
  Consumer                             77,228       110,006        91,418        90,501        49,672
-----------------------------------------------------------------------------------------------------
       Total charge-offs            1,048,263       455,619       369,152     1,276,210       710,593
-----------------------------------------------------------------------------------------------------
Recoveries of loans previously
  charged off:
  Commercial, financial and
     agricultural                     118,114        26,802       176,843        30,000         9,119
  Real estate:
     Commercial                            --         7,722            --            --            --
     Residential                           --           275           150         2,154            --
-----------------------------------------------------------------------------------------------------
       Total real estate                   --         7,997           150         2,154            --
-----------------------------------------------------------------------------------------------------
  Consumer                              4,842         5,914        16,818         5,728        28,625
-----------------------------------------------------------------------------------------------------
       Total recoveries               122,956        40,713       193,811        37,882        37,744
-----------------------------------------------------------------------------------------------------
Net charge-offs                       925,307       414,906       175,341     1,238,328       672,849
-----------------------------------------------------------------------------------------------------
Provision for loan losses           1,213,000       600,000       630,000     1,321,000     1,017,870
-----------------------------------------------------------------------------------------------------
Balance at end of year             $2,697,139    $2,409,446    $2,224,352    $1,769,693    $1,687,021
=====================================================================================================
Net loan charge-offs as a
  percent of average total
  loans                                   .42%          .20%          .09%          .67%          .43%
</Table>

     During 2003, West Pointe recorded net charge-offs of $925,307 compared to
net charge-offs of $414,906 in 2002. The increase in 2003 was primarily the
result of net charge-offs in the commercial, financial and agricultural segment
of the portfolio. Net charge-offs in the commercial, financial and agricultural
category totaled $716,641 in 2003 compared to net charge-offs of $193,788 in
2002. Net charge-offs in the real estate category totaled $136,280 in 2003
compared to net charge-offs of $117,026 in 2002. Net charge-offs in the consumer
category totaled $72,386 in 2003 compared to net charge-offs of $104,092 in
2002. During 2003, the majority of the increase in net charge-offs in the
commercial, financial and agricultural category of the loan portfolio related to
two loans to one commercial borrower. During 2003, the majority of the net
charge-offs in the real estate category of the loan portfolio related to several
loans to one borrower. During 2003, net charge-offs in the consumer category of
the loan portfolio related to several borrowers. Net charge-offs as a percent of
average total loans increased to .42% in 2003 compared to .20% in 2002.

     West Pointe's allowance for loan losses at December 31, 2003, increased
11.9% to $2,697,139 from $2,409,446 at December 31, 2002. The allowance for loan
losses is increased by the provision for loan losses and recoveries and is
decreased by charged-off loans. The increase at December 31, 2003, was primarily
due to the increased level of the provision for loan losses, partially offset by
the increase in net charge-offs. The increase in the allowance for loan losses
at December 31,

                                        23
<PAGE>

2003, primarily resulted from an increase in nonperforming loans and an increase
in historical net charge-offs, which resulted in an increased provision for loan
losses in 2003. West Pointe's allowance for loan losses, at December 31, 2003,
represented approximately 119% of nonperforming loans compared to 139% at
year-end 2002. Management believes that the allowance for loan losses at
December 31, 2003 was adequate to absorb probable incurred losses in the loan
portfolio. However, past loan loss experience as it relates to current portfolio
mix, evaluation of potential losses in the portfolio, subsequent changes in
economic conditions and other factors may require changes in the level of the
allowance for loan losses.

     The following table sets forth the allocation of the allowance for loan
losses by loan category and the percent of loans in each category to total loans
for the last five years.
<Table>
<Caption>
                                                                   December 31,
                       -----------------------------------------------------------------------------------------------------
                                2003                      2002                      2001                      2000
                       -----------------------------------------------------------------------------------------------------
                                      PERCENT                   Percent                   Percent                   Percent
                                      OF LOANS                  of Loans                  of Loans                  of Loans
                                      IN EACH                   in each                   in each                   in each
                                      CATEGORY                  Category                  Category                  Category
                                      TO TOTAL                  to Total                  to Total                  to Total
                       ALLOWANCE(1)    LOANS     ALLOWANCE(1)    LOANS     ALLOWANCE(1)    LOANS     ALLOWANCE(1)    LOANS
----------------------------------------------------------------------------------------------------------------------------
<S>                    <C>            <C>        <C>            <C>        <C>            <C>        <C>            <C>
Commercial, financial
 and agricultural       $  981,000      25.4%     $1,210,000      26.9%     $1,280,000      24.2%     $  900,000      24.2%
Real estate:
 Commercial                746,000      36.7         249,000      38.5         377,000      37.6         268,000      37.2
 Residential               562,000      24.1         486,000      24.1         324,000      27.5         174,000      27.2
 Construction               65,000       9.0          31,000       5.2          49,000       4.9          27,000       5.3
----------------------------------------------------------------------------------------------------------------------------
     Total real
       estate            1,373,000      69.8         766,000      67.8         750,000      70.0         469,000      69.7
----------------------------------------------------------------------------------------------------------------------------
Consumer                   220,000       4.8         262,000       5.3         151,000       5.8         122,000       6.1
Not allocated              123,000       N/A         171,000       N/A          43,000       N/A         279,000       N/A
----------------------------------------------------------------------------------------------------------------------------
     Total              $2,697,000     100.0%     $2,409,000     100.0%     $2,224,000     100.0%     $1,770,000     100.0%
============================================================================================================================

<Caption>
                            December 31,
                       -----------------------
                                1999
                       -----------------------
                                      Percent
                                      of Loans
                                      in each
                                      Category
                                      to Total
                       ALLOWANCE(1)    LOANS
---------------------  -----------------------
<S>                    <C>            <C>
Commercial, financial
 and agricultural       $  395,000      25.5%
Real estate:
 Commercial                490,000      35.2
 Residential               471,000      27.0
 Construction               49,000       6.4
---------------------
     Total real
       estate            1,010,000      68.6
---------------------
Consumer                   232,000       5.9
Not allocated               50,000       N/A
---------------------
     Total              $1,687,000     100.0%
=====================
</Table>

N/A -- Not applicable

(1) Amounts rounded to nearest thousand.

CAPITAL RESOURCES AND ASSET/LIABILITY MANAGEMENT

  CAPITAL

     Total stockholders' equity increased $2,191,710 to $30,731,413 at December
31, 2003 from $28,539,703 at December 31, 2002. Net income for 2003 totaled
$3,475,937. Accumulated other comprehensive income decreased to $945,767 at
December 31, 2003, compared to $2,188,991 at December 31, 2002. This decrease is
attributable to securities gains realized during 2003, as well as a decrease in
the market value of the remainder of the securities portfolio.

     In 2001, the Company adopted a Dividend Reinvestment Plan ("the DRIP"). The
DRIP provides holders of the Company's common stock with a convenient method of
purchasing additional shares of common stock without fees of any kind by
reinvesting Company dividends. Participants in the DRIP also have the option to
purchase additional shares of the Company's common stock with cash. These
optional cash purchases must be at least $100 and no more than $5,000 per
quarterly reinvestment period. The Company has registered 50,000 shares of
common stock with the Securities and Exchange Commission in connection with the
DRIP. Shareholder participation in the DRIP has met West Pointe's expectations.

     Financial institutions are required to maintain ratios of capital to assets
in accordance with guidelines promulgated by the federal banking regulators. The
guidelines are commonly known as "Risk-Based Guidelines" as they define the
capital level requirements of a financial institution based upon the level of
credit risk associated with holding various categories of assets. The Risk-
Based Guidelines require minimum ratios of Tier 1 and Total capital to
risk-weighted assets of 4%

                                        24
<PAGE>

and 8%, respectively. At December 31, 2003, West Pointe's Tier 1 and Total
capital ratios were 11.93% and 13.01%, respectively. In addition to the
Risk-Based Guidelines, the federal banking agencies have established a minimum
leverage ratio guideline for financial institutions (the "Leverage Ratio
Guideline"). The Leverage Ratio Guideline provides for a minimum ratio of Tier 1
capital to average assets of 4%. West Pointe's leverage ratio at December 31,
2003, was 7.00%. According to the regulatory guidelines, West Pointe is
considered to be "well capitalized." See "Notes to Consolidated Financial
Statements -- Regulatory Matters" for additional information concerning West
Pointe's regulatory capital measures.

  ASSET/LIABILITY MANAGEMENT

     West Pointe's asset/liability strategy is to minimize the sensitivity of
its net interest margin as a consequence of changes in interest rates. West
Pointe's asset/liability management committee reviews asset and liability
repricing in the context of current and possible future interest rate scenarios
affecting the economy in its market territory. The asset/liability committee is
comprised of executive officers of the Bank representing all major departments
of West Pointe.

     As assets and liabilities tend to become more rate sensitive, whether due
to customer demands or West Pointe's initiatives, it becomes more important that
rates earned are matched with rates paid and that repricing dates are matched so
the next earning interval will have both components at current rates. Assets and
liabilities that mature or are repriced in one year or less are considered in
the financial services industry to be "rate sensitive." This means that as rates
in the marketplace change, the rates on these assets or liabilities will be
impacted soon after. Assuming a reasonably balanced rate sensitivity position,
increasing rates will result in more interest income and more interest expense.
Conversely, declining rates will result in less interest income and less
interest expense.

                                        25
<PAGE>

     The following table reflects an analysis of interest earning assets and
liabilities, all of which are held other than for trading purposes, at December
31, 2003, allocated over various time frames in which the instruments are
subject to repricing.

<Table>
<Caption>
                                                               After          After
                                               Three       Three Months      One Year
                                              Months          Through        Through         After
                                              or Less      Twelve Months    Five Years     Five Years       Total
---------------------------------------------------------------------------------------------------------------------
<S>                                        <C>             <C>             <C>            <C>            <C>
Interest earning assets:
  Interest bearing due from banks          $     104,775   $         --    $         --   $         --   $    104,775
  Securities(1)                                3,002,795      6,210,375     142,546,941     27,460,592    179,220,703
  Loans(2)                                    59,046,231     45,387,503     108,594,831      4,065,153    217,093,718
---------------------------------------------------------------------------------------------------------------------
      Total interest earning assets           62,153,801     51,597,878     251,141,772     31,525,745    396,419,196
---------------------------------------------------------------------------------------------------------------------
Cumulative interest earning assets            62,153,801    113,751,679     364,893,451    396,419,196    396,419,196
---------------------------------------------------------------------------------------------------------------------
Interest bearing liabilities:
  Interest bearing demand deposits            33,945,374             --              --             --     33,945,374
  Money market deposits                       44,467,179             --              --             --     44,467,179
  Savings deposits                            72,632,956             --              --             --     72,632,956
  Time deposits $100,000 or more              21,957,087     29,549,339       7,873,493             --     59,379,919
  Time deposits less than $100,000            33,010,321     42,455,843      33,553,948          5,088    109,025,200
  Repurchase agreements                       15,764,898      3,283,398         137,571             --     19,185,867
  Other borrowings                             1,237,100             --              --             --      1,237,100
  Federal Home Loan Bank advances(3)           9,400,000             --              --             --      9,400,000
---------------------------------------------------------------------------------------------------------------------
      Total interest bearing liabilities     232,414,915     75,288,580      41,565,012          5,088    349,273,595
---------------------------------------------------------------------------------------------------------------------
Cumulative interest bearing liabilities      232,414,915    307,703,495     349,268,507    349,273,595    349,273,595
---------------------------------------------------------------------------------------------------------------------
Gap analysis:
  Interest sensitivity gap                 $(170,261,114)  $(23,690,702)   $209,576,760   $ 31,520,657   $ 47,145,601
=====================================================================================================================
  Cumulative interest sensitivity gap      $(170,261,114)  $(193,951,816)  $ 15,624,944   $ 47,145,601   $ 47,145,601
=====================================================================================================================
Cumulative gap ratio of interest earning
  assets to interest bearing liabilities              27%            37%            104%           113%           113%
=====================================================================================================================
</Table>

(1) Equity securities have no stated maturity and are, therefore, included in
    the "after five years" column. Fixed rate mortgage-backed securities are
    reported based upon their projected average lives. Floating rate
    mortgage-backed securities are reported based upon their next repricing
    date.

(2) Nonaccrual loans are reported in the "after one year through five years"
    column.

(3) Federal Home Loan Bank advances consist of a $5,000,000 advance that is
    callable on a quarterly basis and a $4,400,000 overnight advance.

     The Company measures and manages its interest rate risk sensitivity on a
regular basis to stabilize earnings in changing interest rate environments. The
Company evaluates its interest rate risk sensitivity position to determine that
the level of risk is commensurate with the rate of return. The methods used to
provide insight into the level of risk exposure indicate that the Company is
currently within interest rate risk guidelines set by management and that such
risk is at a manageable level. While the Company does have some exposure to
changing interest rates, management believes that the Company is positioned to
protect earnings throughout changing interest rate environments.

     The Company's net interest income is affected by changes in the absolute
level of interest rates. The Company's interest rate risk position is
liability-sensitive; i.e., liabilities are likely to reprice faster than assets,
resulting in a decrease in net interest income in a rising rate environment.
Conversely, net interest income should increase in a falling rate environment.

     Because the interest rate sensitivity analysis does not encompass other
factors which affect interest rate risk, the Company employs the use of a
simulation model to measure exposure to changes in interest rates. Modeling
techniques encompass contractual maturity, prepayment assumptions covering
interest rate increases and decreases and index-driven repricing
characteristics. The model projects changes in net interest income over a
one-year period should interest

                                        26
<PAGE>

rates rise, fall or remain constant. These effects typically are analyzed
assuming interest rate increases or decreases of 100 and 200 basis points. The
model also incorporates key assumptions including the nature and timing of
interest rate levels, changes in deposit levels, prepayments on loans and
securities, pricing decisions on loans and deposits and reinvestment/replacement
of asset and liability cash flows. While assumptions are developed based upon
current economic and local market conditions, we cannot give assurances as to
the predictive nature of these assumptions including how customer preferences or
competitor influences might change. The following table presents, as of December
31, 2003, the projected level and change in net interest income assuming
interest rate increases of 100 and 200 basis points and a decrease of 100 basis
points. Due to the low level of interest rates at December 31, 2003, analyzing
the projected level and change in interest income, assuming an interest rate
decrease of 200 basis points, is not practical.

<Table>
<Caption>
                                                               NET INTEREST INCOME
CHANGE IN                                             --------------------------------------
RATES                                                 $ AMOUNT(1)    $ CHANGE(1)    % CHANGE
--------------------------------------------------------------------------------------------
<S>                                                   <C>            <C>            <C>
+200 bp                                                 $14,339        $   923         6.9%
+100 bp                                                  14,570          1,154         8.6
-100 bp                                                  13,684            268         2.0
============================================================================================
</Table>

(1) Amounts rounded to nearest thousand.

     For additional information regarding the interest rates applicable to
certain of the Company's interest sensitive assets and liabilities, see the
discussion of "Results of Operations -- Net Interest Income" including the table
entitled "Distribution of Average Assets, Liabilities and Stockholders' Equity
and Interest Rate Information" at page 6, the discussion of "Financial
Condition -- Securities" including the table regarding the maturities and
weighted average yields of certain securities at page 17, the discussion of
"Financial Condition -- Deposits" including the table regarding average deposits
and the weighted average interest rates paid on such deposits at page 18, the
discussion of "Financial Condition -- Borrowings" including the table
summarizing certain information pertaining to short-term borrowings at page 20.
For additional information categorizing certain of the Company's loans as either
fixed or variable, see the discussion of "Financial Condition -- Loans"
including the table regarding "Interest Sensitivity" at page 14. For additional
information regarding the fair value of certain of the Company's interest
sensitive instruments, see "Fair Value of Financial Instruments" at Note 16 to
the Consolidated Financial Statements at page 51.

IMPACT OF ACCOUNTING PRONOUNCEMENTS

     Adoption of New Accounting Standards:  During 2003, the Company adopted
FASB Statement 149, Amendment of Statement 133 on Derivative Instruments and
Hedging Activities, FASB Statement 150, Accounting for Certain Financial
Instruments with Characteristics of both Liabilities and Equities, FASB
Statement 132 (revised 2003), Employers' Disclosures about Pensions and Other
Postretirement Benefits, FASB Interpretation 45, Guarantor's Accounting and
Disclosure Requirements for Guarantees, and FASB Interpretation 46,
Consolidation of Variable Interest Entities. Adoption of the new standards did
not materially affect the Company's consolidated financial statements.

CRITICAL ACCOUNTING POLICIES

     The accounting and reporting policies of West Pointe and its subsidiary
conform with accounting principles generally accepted in the United States and
general practices within the financial services industry. West Pointe's
significant accounting policies are described in Note 1 to the Consolidated
Financial Statements at page 37. Certain accounting policies require management
to make assumptions and estimates that affect the amounts reported in the
financial

                                        27
<PAGE>

statements and accompanying notes. Management considers such accounting policies
to be critical accounting policies. These assumptions and estimates used by
management are based on historical experience and other factors, which are
believed to be reasonable under the circumstances. Because of the nature of the
assumptions and estimates made by management, actual results could differ from
these assumptions and estimates which could have a material impact on West
Pointe's carrying values of assets and liabilities and its results of
operations. West Pointe considers its more critical accounting policies to
consist of the allowance for loan losses and the estimation of fair value, which
are separately discussed below.

  ALLOWANCE FOR LOAN LOSSES

     The allowance for loan losses represents management's best estimate of
probable incurred losses in the loan portfolio. The allowance for loan losses is
increased by the provision for loan losses charged to expense and reduced by
loans charged off, net of recoveries. The provision for loan losses reflects
management's judgment of the cost associated with credit risks in the loan
portfolio. Factors, which influence management's determination of the provision
for loan losses, include, among other things, a review of individual loans, size
and quality of the loan portfolio, current and projected economic conditions,
regulatory guidelines, and historical loan loss experience. Calculation of the
allowance for loan losses is a critical accounting estimate due to the
significant judgment, estimates and assumptions related to the amount and timing
of estimated losses, consideration of current and historical trends and the
amount and timing of cash flows related to impaired loans. Changes in the
financial condition of individual borrowers, in economic conditions, and in
historical loss experience may all affect the required level of the allowance
for loan losses and the associated provision for loan losses. Please refer to
the section of this report entitled "Asset Quality" and Notes 1 and 5 to the
Consolidated Financial Statements at pages 37 and 44 for a detailed description
of our estimation processes and methodology related to the allowance for loan
losses.

  ESTIMATION OF FAIR VALUE

     Accounting principles generally accepted in the United States require that
certain assets and liabilities be carried on the balance sheet at fair value. In
addition, the fair value of financial instruments is required to be disclosed as
a part of the notes to the consolidated financial statements for assets and
liabilities. Fair values are volatile and may be influenced by a number of
factors, including market interest rates, prepayment speeds and discount rates.
Following is a discussion of the estimation of fair value for West Pointe's more
significant financial instrument:

     Available for Sale Securities -- Fair values for the majority of West
Pointe's available for sale securities are based on quoted market prices. In
instances where quoted market prices are not available, fair values are based on
the quoted prices of similar instruments. Please refer to Note 4 to the
Consolidated Financial Statements at page 42 for further discussion of the fair
value of financial instruments.

                                        28
<PAGE>

CONTRACTUAL OBLIGATIONS

     The Company enters into certain contractual obligations in the ordinary
course of operations. The required payments under these contracts represent
future cash requirements of the Company. The Company's significant fixed and
determinable contractual obligations, as of December 31, 2003, are set forth in
the following table:

<Table>
<Caption>
                                                        Payments Due
                          ------------------------------------------------------------------------
                                             After          After
                                           One Year      Three Years
                            One Year        Through        Through        After
                            or Less       Three Years    Five Years     Five Years       Total
--------------------------------------------------------------------------------------------------
<S>                       <C>             <C>            <C>            <C>           <C>
Time certificates of
  deposit                 $126,972,589    $23,155,908    $18,271,534      $5,088      $168,405,119
Federal Home Loan Bank
  advances                   5,000,000            --             --           --         5,000,000
Other borrowings             1,237,100            --             --           --         1,237,100
Operating leases                47,520        95,040         43,560           --           186,120
--------------------------------------------------------------------------------------------------
  Total contractual
     cash obligations     $133,257,209    $23,250,948    $18,315,094      $5,088      $174,828,339
==================================================================================================
</Table>

     Please refer to Notes 6, 7, 9 and 10 to the Consolidated Financial
Statements at pages 45, 46 and 47 for further discussion of the Company's
contractual obligations.

OFF-BALANCE SHEET ARRANGEMENTS

     In order to meet the financing needs of its customers, the Company is also
a party to certain financial instruments with off-balance sheet risk in the
normal course of business. These financial instruments include commitments to
extend credit and standby letters of credit, which involve, to varying degrees,
elements of credit risk and interest rate risk in excess of the amounts
recognized in the Company's consolidated balance sheets.

     Unused lines of credit and loan commitments assure a borrower of financing
for a specified period of time at a specified rate. The risk to the Company
under such commitments is limited to the terms of the contracts. For example,
the Company may not be obligated to advance funds if the customer's financial
condition deteriorates or if the customer fails to meet specific covenants. An
approved, but unfunded, loan commitment represents a potential credit risk once
the funds are advanced to the customer. The unused lines of credit and loan
commitments also represent a future cash requirement, but this cash requirement
will be limited since many commitments are expected to expire or be only
partially used.

     Stand-by letters of credit represent commitments by the Company to repay a
third-party beneficiary when a customer fails to repay a loan or debt
instrument. The terms and risk of loss involved in issuing stand-by letters of
credit are similar to those involved in issuing loan commitments and extending
credit. In addition to credit risk, the letters of credit could present an
immediate cash requirement if the obligations require funding.

                                        29
<PAGE>

     The following table presents, as of December 31, 2003 and 2002, the
Company's significant off-balance sheet commitments.

<Table>
<Caption>
                                                                       December 31,
                                                                --------------------------
                                                                   2003           2002
------------------------------------------------------------------------------------------
<S>                                                             <C>            <C>
Commitments to originate new loans                              $12,005,700    $ 3,669,005
Commitments to originate new loans held for sale                    272,000      2,572,500
Unfunded commitments to extend credit under existing equity,
  credit card and other lines of credit                          42,770,853     40,257,018
Letters of credit                                                 4,806,818      4,441,759
Commitments to sell loans held for sale                             272,000      2,572,500
</Table>

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

<Table>
<Caption>
                                                 First         Second        Third         Fourth
                                                Quarter       Quarter       Quarter       Quarter
---------------------------------------------------------------------------------------------------
<S>                                            <C>           <C>           <C>           <C>
2003
Interest income                                $5,276,889    $5,203,682    $4,940,203    $5,159,714
Interest expense                                1,973,509     1,884,652     1,693,414     1,612,645
Net interest income                             3,303,380     3,319,030     3,246,789     3,547,069
Provision for loan losses                         495,000       195,000       160,000       363,000
Noninterest income                              1,471,641     1,288,566     1,081,690     1,103,529
Noninterest expense                             3,116,858     3,132,949     3,146,856     3,192,494
Income tax expense                                278,800       319,600       236,200       249,000
---------------------------------------------------------------------------------------------------
Net income                                     $  884,363    $  960,047    $  785,423    $  846,104
===================================================================================================
Per common share
  Net income:
     Basic                                     $      .90    $      .98    $      .80    $      .86
     Diluted                                          .88           .95           .77           .82
  Dividends                                           .12           .14           .14           .14
2002
Interest income                                $5,303,913    $5,578,080    $5,693,589    $5,479,464
Interest expense                                2,276,640     2,307,529     2,334,351     2,250,385
Net interest income                             3,027,273     3,270,551     3,359,238     3,229,079
Provision for loan losses                         150,000       150,000       150,000       150,000
Noninterest income                              1,078,315       959,422       999,016     1,130,089
Noninterest expense                             2,611,584     2,696,948     2,858,447     3,072,171
Income tax expense                                413,000       388,500       366,500       272,400
---------------------------------------------------------------------------------------------------
Net income                                     $  931,004    $  994,525    $  983,307    $  864,597
===================================================================================================
Per common share
  Net income:
     Basic                                     $      .96    $     1.02    $     1.01    $      .89
     Diluted                                          .94          1.00           .99           .86
  Dividends                                           .10           .10           .12           .12
</Table>

                                        30
<PAGE>

                                  [CROWE LOGO]

REPORT OF INDEPENDENT AUDITORS
--------------------------------------------------------------------------------

Board of Directors
West Pointe Bancorp, Inc.
Belleville, Illinois

     We have audited the accompanying consolidated balance sheet of West Pointe
Bancorp, Inc. and subsidiary ("the Company") as of December 31, 2003 and the
related consolidated statements of income, comprehensive income, stockholders'
equity and cash flows for the year then ended. These consolidated financial
statements are the responsibility of the Company's management. Our
responsibility is to express an opinion on these consolidated financial
statements based on our audit. The consolidated financial statements of West
Pointe Bancorp, Inc. and subsidiary as of December 31, 2002 and for the years
ended December 31, 2002 and 2001, were audited by other auditors whose report
dated January 16, 2003, expressed an unqualified opinion on those statements.

     We conducted our audit in accordance with auditing standards generally
accepted in the United States of America. Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audit provides a
reasonable basis for our opinion.

     In our opinion, the consolidated financial statements referred to above
present fairly, in all material respects, the financial position of West Pointe
Bancorp, Inc. and subsidiary as of December 31, 2003, and the results of its
operations and its cash flows for the year then ended in conformity with
accounting principles generally accepted in the United States of America.

/s/ Crowe Chizek and Company LLC

Crowe Chizek and Company LLC
Indianapolis, Indiana
February 13, 2004

                                        31
<PAGE>
[RBG & CO. LETTERHEAD]


                          Independent Auditors' Report


Board of Directors
West Pointe Bancorp, Inc.
Belleville, Illinois


We have audited the accompanying consolidated balance sheets of West Pointe
Bancorp, Inc. and subsidiary (the Company) as of December 31, 2002 and the
related consolidated statements of income, comprehensive income, stockholders'
equity and cash flows for the two years ended December 31, 2002. These
consolidated financial statements are the responsibility of the Company's
management. Our responsibility is to express an opinion on these consolidated
financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted
in the United States of America. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present
fairly, in all material respects, the financial position of West Pointe Bancorp,
Inc. and subsidiary as of December 31, 2002, and the results of its operations
and its cash flows for each of the years in the two year period ended December
31, 2002, in conformity with accounting principles generally accepted in the
United States of America.

                                            /s/ Rubin, Brown Gornstein & Co. LLP

January 16, 2003


                                       32
<PAGE>

WEST POINTE BANCORP, INC. AND SUBSIDIARY
--------------------------------------------------------------------------------

                          CONSOLIDATED BALANCE SHEETS

                                     ASSETS

<Table>
<Caption>
                                                                        December 31,
                                                                ----------------------------
                                                                    2003            2002
--------------------------------------------------------------------------------------------
<S>                                                             <C>             <C>
Cash and due from banks                                         $  8,875,108    $ 10,660,773
Interest bearing due from banks                                      104,775      11,813,253
--------------------------------------------------------------------------------------------
     Cash and cash equivalents                                     8,979,883      22,474,026
Securities:
     Available-for-sale, at fair value                           179,220,703     146,751,455
Loans                                                            217,093,718     221,581,298
Allowance for loan losses                                         (2,697,139)     (2,409,446)
--------------------------------------------------------------------------------------------
       Net loans                                                 214,396,579     219,171,852
Bank premises and equipment                                       11,914,722      11,712,031
Cash surrender value of life insurance                             8,374,188       7,920,073
Accrued interest and other assets                                  2,264,366       3,789,152
--------------------------------------------------------------------------------------------
       Total Assets                                             $425,150,441    $411,818,589
============================================================================================
</Table>


                      LIABILITIES AND STOCKHOLDERS' EQUITY

<Table>

<S>                                                             <C>             <C>
Liabilities
  Deposits:
     Noninterest bearing                                        $ 41,470,256    $ 40,604,261
     Interest bearing                                            319,450,628     310,385,576
--------------------------------------------------------------------------------------------
       Total deposits                                            360,920,884     350,989,837
  Repurchase agreements                                           19,185,867      21,692,278
  Other borrowings                                                 1,237,100       1,537,100
  Federal Home Loan Bank advances                                  9,400,000       5,000,000
  Accrued interest and other liabilities                           3,675,177       4,059,671
--------------------------------------------------------------------------------------------
       Total Liabilities                                         394,419,028     383,278,886
--------------------------------------------------------------------------------------------
Stockholders' Equity
  Preferred stock, $1 par value -- 50,000 shares authorized
     and unissued                                                         --              --
  Common stock, $1 par value -- 10,000,000 shares
     authorized; 1,008,698 and 995,835 shares issued at
     December 31, 2003 and 2002, respectively                      1,008,698         995,835
  Surplus                                                         13,482,395      13,005,154
  Retained earnings                                               15,943,128      12,998,298
  Treasury stock, 17,750 shares                                     (648,575)       (648,575)
  Accumulated other comprehensive income                             945,767       2,188,991
--------------------------------------------------------------------------------------------
       Total Stockholders' Equity                                 30,731,413      28,539,703
--------------------------------------------------------------------------------------------
       Total Liabilities And Stockholders' Equity               $425,150,441    $411,818,589
============================================================================================
</Table>

See the accompanying notes to consolidated financial statements.

                                        33
<PAGE>

WEST POINTE BANCORP, INC. AND SUBSIDIARY
--------------------------------------------------------------------------------

                       CONSOLIDATED STATEMENTS OF INCOME

<Table>
<Caption>
                                                            For The Years Ended December 31,
                                                        -----------------------------------------
                                                           2003           2002           2001
-------------------------------------------------------------------------------------------------
<S>                                                     <C>            <C>            <C>
Interest And Fee Income
  Loans
     Taxable                                            $14,518,095    $15,396,359    $16,611,120
     Non-taxable                                            177,871        150,674         81,868
  Securities
     Taxable                                              4,303,341      4,670,546      5,579,370
     Non-taxable                                          1,484,197      1,616,658      1,280,574
  Federal funds sold                                             --            599         55,095
  Deposits with banks                                        96,984        220,210        422,254
-------------------------------------------------------------------------------------------------
       Total Interest And Fee Income                     20,580,488     22,055,046     24,030,281
-------------------------------------------------------------------------------------------------
Interest Expense
  Deposits                                                6,512,644      8,459,189     12,812,197
  Repurchase agreements                                     313,430        355,796        441,422
  Other borrowings                                           50,664         68,510        104,137
  Federal Home Loan Bank advances                           287,482        285,410        285,422
-------------------------------------------------------------------------------------------------
       Total Interest Expense                             7,164,220      9,168,905     13,643,178
-------------------------------------------------------------------------------------------------
Net Interest Income                                      13,416,268     12,886,141     10,387,103
Provision For Loan Losses                                 1,213,000        600,000        630,000
-------------------------------------------------------------------------------------------------
     Net Interest Income After Provision For Loan
       Losses                                            12,203,268     12,286,141      9,757,103
-------------------------------------------------------------------------------------------------
Noninterest Income
  Service charges on deposits                             1,331,403      1,402,894      1,289,456
  Mortgage banking                                          865,375        560,440        307,912
  Trust fees                                                694,157        602,528        552,241
  Brokerage and insurance services                          331,532        241,364        220,262
  Credit card income                                        378,317        377,031        330,605
  Increase in cash surrender value of life insurance        488,087        367,202        304,882
  Gain on sale of securities, net                           629,318        340,312        390,469
  Other                                                     227,237        275,071        285,710
-------------------------------------------------------------------------------------------------
       Total Noninterest Income                           4,945,426      4,166,842      3,681,537
-------------------------------------------------------------------------------------------------
Noninterest Expenses
  Employee compensation and benefits                      6,530,843      5,669,694      5,030,777
  Occupancy, net                                            730,497        764,036        741,577
  Furniture and equipment                                   679,766        602,179        555,886
  Legal and professional fees                             1,071,471        732,493        489,209
  Data processing                                           459,832        453,237        402,102
  Advertising                                               399,278        379,345        325,355
  Other                                                   2,717,470      2,638,166      2,277,338
-------------------------------------------------------------------------------------------------
       Total Noninterest Expenses                        12,589,157     11,239,150      9,822,244
-------------------------------------------------------------------------------------------------
Income Before Income Taxes                                4,559,537      5,213,833      3,616,396
Income Tax Expense                                        1,083,600      1,440,400        907,100
-------------------------------------------------------------------------------------------------
Net Income                                              $ 3,475,937    $ 3,773,433    $ 2,709,296
=================================================================================================
Earnings Per Share -- Basic                             $      3.54    $      3.87    $      2.76
=================================================================================================
Earnings Per Share -- Diluted                           $      3.42    $      3.79    $      2.73
=================================================================================================
</Table>

See the accompanying notes to consolidated financial statements.

                                        34
<PAGE>

WEST POINTE BANCORP, INC. AND SUBSIDIARY
--------------------------------------------------------------------------------

                CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

<Table>
<Caption>
                                                             For The Years Ended December 31,
                                                          ---------------------------------------
                                                             2003           2002          2001
-------------------------------------------------------------------------------------------------
<S>                                                       <C>            <C>           <C>
Net Income                                                $ 3,475,937    $3,773,433    $2,709,296
-------------------------------------------------------------------------------------------------
Other Comprehensive Income, Net Of Tax:
  Unrealized holding gains (losses) on securities
     available for sale (net of an income tax credit
     of $522,835 for 2003 and income taxes of
     $1,297,462 and $468,056 for 2002 2001,
     respectively)                                           (853,047)    2,116,912       763,670
  Less adjustment for realized gains included in net
     income (net of income taxes of $239,141,
     $129,319, and $148,378 for 2003, 2002 and 2001,
     respectively)                                           (390,177)     (210,993)     (242,091)
-------------------------------------------------------------------------------------------------
       Other Comprehensive Income (Loss)                   (1,243,224)    1,905,919       521,579
-------------------------------------------------------------------------------------------------
Comprehensive Income                                      $ 2,232,713    $5,679,352    $3,230,875
=================================================================================================
</Table>

See the accompanying notes to consolidated financial statements.

                                        35
<PAGE>

WEST POINTE BANCORP, INC. AND SUBSIDIARY
--------------------------------------------------------------------------------

                CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
              FOR THE YEARS ENDED DECEMBER 31, 2003, 2002 AND 2001
<Table>
<Caption>
                                                                                                                     Accumulated
                        Preferred Stock        Common Stock                                      Treasury Stock         Other
                        ---------------   ----------------------                  Retained     ------------------   Comprehensive
                        Shares   Amount    Shares       Amount       Surplus      Earnings     Shares    Amount     Income (Loss)
---------------------------------------------------------------------------------------------------------------------------------
<S>                     <C>      <C>      <C>         <C>          <C>           <C>           <C>      <C>         <C>
Balance --
 January 1, 2001           --    $  --      496,230   $  496,230   $12,752,840   $ 7,787,215    6,250   $(337,500)   $  (238,507)
 Two-For-One Stock
   Split Effected In
   The Form Of A 100%
   Stock Dividend, Net     --       --      490,013      490,013            --      (490,013)      --          --             --
 Issuance Of Common
   Stock                   --       --        3,356        3,356        46,135            --       --          --             --
 Dividends Paid            --       --           --           --            --      (352,922)      --          --             --
 Net Income                --       --           --           --            --     2,709,296       --          --             --
 Other Comprehensive
   Income                  --       --           --           --            --            --       --          --        521,579
---------------------------------------------------------------------------------------------------------------------------------
Balance --
 December 31, 2001         --       --      989,599      989,599    12,798,975     9,653,576    6,250    (337,500)       283,072
 Purchase Of Treasury
   Stock                   --       --           --           --            --            --   11,500    (311,075)            --
 Issuance Of Common
   Stock                   --       --        6,236        6,236       206,179            --       --          --             --
 Dividends Paid            --       --           --           --            --      (428,711)      --          --             --
 Net Income                --       --           --           --            --     3,773,433       --          --             --
 Other Comprehensive
   Income                  --       --           --           --            --            --       --          --      1,905,919
---------------------------------------------------------------------------------------------------------------------------------
Balance --
 December 31, 2002         --       --      995,835      995,835    13,005,154    12,998,298   17,750    (648,575)     2,188,991
 Issuance Of Common
   Stock                   --       --       12,863       12,863       477,241            --       --          --             --
 Dividends Paid            --       --           --           --            --      (531,107)      --          --             --
 Net Income                --       --           --           --            --     3,475,937       --          --             --
 Other Comprehensive
   Income                  --       --           --           --            --            --       --          --     (1,243,224)
---------------------------------------------------------------------------------------------------------------------------------
Balance --
 December 31, 2003         --    $  --    1,008,698   $1,008,698   $13,482,395   $15,943,128   17,750   $(648,575)   $   945,767
=================================================================================================================================

<Caption>

                            Total
                        Stockholders'
                           Equity
-------------------------------------
<S>                      <C>
Balance --
 January 1, 2001          $20,460,278
 Two-For-One Stock
   Split Effected In
   The Form Of A 100%
   Stock Dividend, Net             --
 Issuance Of Common
   Stock                       49,491
 Dividends Paid              (352,922)
 Net Income                 2,709,296
 Other Comprehensive
   Income                     521,579
-------------------------------------
Balance --
 December 31, 2001         23,387,722
 Purchase Of Treasury
   Stock                     (311,075)
 Issuance Of Common
   Stock                      212,415
 Dividends Paid              (428,711)
 Net Income                 3,773,433
 Other Comprehensive
   Income                   1,905,919
-------------------------------------
Balance --
 December 31, 2002         28,539,703
 Issuance Of Common
   Stock                      490,104
 Dividends Paid              (531,107)
 Net Income                 3,475,937
 Other Comprehensive
   Income                  (1,243,224)
-------------------------------------
Balance --
 December 31, 2003        $30,731,413
=====================================
</Table>

See the accompanying notes to consolidated financial statements.

                                        36
<PAGE>

WEST POINTE BANCORP, INC. AND SUBSIDIARY
--------------------------------------------------------------------------------

                     CONSOLIDATED STATEMENTS OF CASH FLOWS

<Table>
<Caption>
                                                                   For The Years Ended December 31,
                                                              -------------------------------------------
                                                                  2003           2002            2001
---------------------------------------------------------------------------------------------------------
<S>                                                           <C>            <C>             <C>
Operating Activities
  Net income                                                  $  3,475,937   $   3,773,433   $  2,709,296
  Adjustments to reconcile net income to net cash provided
    by operating activities:
      Depreciation and amortization                                722,366         650,977        627,463
      Net amortization on securities                             1,321,778         958,262         53,865
      Gain on sale of securities, net                             (629,318)       (340,312)      (390,469)
      Gain on sale of mortgage loans                              (760,876)       (516,670)      (286,080)
      (Gain) loss on sale of real estate acquired by
        foreclosure                                                (23,206)         (1,471)         1,015
      Loss on disposition of bank premises and equipment             9,895              --             --
      Federal Home Loan Bank stock dividends                      (810,800)       (347,300)      (169,300)
      Provision for loan losses                                  1,213,000         600,000        630,000
      Proceeds from sales of mortgage loans held for sale       49,668,488      36,902,938     23,066,602
      Originations of mortgage loans held for sale             (46,629,191)    (37,577,270)   (24,073,470)
      Increase in cash surrender value of life insurance
        policies                                                  (488,087)       (367,202)      (304,882)
      Increase in other assets and other liabilities, net        1,801,240         118,725      1,204,231
---------------------------------------------------------------------------------------------------------
Net Cash Provided By Operating Activities                        8,871,226       3,854,110      3,068,271
---------------------------------------------------------------------------------------------------------
Investing Activities
  Decrease in time certificates of deposit                              --              --        100,000
  Proceeds from sales of securities available for sale          18,088,140      24,698,994     24,297,775
  Proceeds from maturities of securities available for sale     84,284,016      39,552,943     70,167,152
  Purchases of securities available for sale                  (136,728,264)    (79,471,256)  (102,978,069)
  Net (increase) decrease in loans                               1,180,640     (20,796,463)    (9,930,038)
  Purchases of life insurance policies                                  --      (3,096,860)            --
  Proceeds from sales of real estate acquired by foreclosure       261,418         187,624         40,259
  Purchases of bank premises and equipment                        (934,952)       (603,195)      (228,662)
---------------------------------------------------------------------------------------------------------
Net Cash Used In Investing Activities                          (33,849,002)    (39,528,213)   (18,531,583)
---------------------------------------------------------------------------------------------------------
Financing Activities
  Net increase in noninterest bearing deposits                     865,995       3,061,876      6,372,759
  Net increase in interest bearing deposits                      9,065,052      25,827,238     13,948,843
  Net increase (decrease) in repurchase agreements              (2,506,411)      9,455,149      2,428,813
  Increase (decrease) in other borrowings                         (300,000)         49,600       (200,000)
  Proceeds from FHLB advances                                    4,400,000              --             --
  Proceeds from issuance of common stock                           490,104         212,415         49,491
  Purchase of treasury stock                                            --        (311,075)            --
  Dividends paid                                                  (531,107)       (428,711)      (352,922)
---------------------------------------------------------------------------------------------------------
Net Cash Provided By Financing Activities                       11,483,633      37,866,492     22,246,984
---------------------------------------------------------------------------------------------------------
Net Increase (Decrease) In Cash And Cash Equivalents           (13,494,143)      2,192,389      6,783,672
Cash And Cash Equivalents -- Beginning Of Year                  22,474,026      20,281,637     13,497,965
---------------------------------------------------------------------------------------------------------
Cash And Cash Equivalents -- End Of Year                      $  8,979,883   $  22,474,026   $ 20,281,637
=========================================================================================================
Supplemental Disclosure Of Cash Flow Information
  Interest paid                                               $  7,393,729   $   9,424,982   $ 13,975,173
  Income taxes paid                                                455,000       1,726,924        406,513
  Securities transferred to available for sale                          --              --      2,821,121
  Real estate acquired in settlement of loans                      103,212         395,000         85,000
---------------------------------------------------------------------------------------------------------
</Table>

See the accompanying notes to consolidated financial statements.

                                        37
<PAGE>

WEST POINTE BANCORP, INC. AND SUBSIDIARY
--------------------------------------------------------------------------------

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1. NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

  GENERAL

     The accompanying consolidated financial statements of West Pointe Bancorp,
Inc. ("the Company"), and its wholly-owned subsidiary, West Pointe Bank And
Trust Company ("the Bank"), have been prepared in accordance with accounting
principles generally accepted in the United States of America and conform to
practices prevalent among financial institutions.

     The Bank is an Illinois banking organization which operates from five
community banking locations in Illinois. The Bank provides a full range of
banking services in a single significant business segment, to individual and
corporate customers in the St. Louis, Missouri metropolitan area. Substantially
all of the Bank's loans, commitments and standby letters of credit have been
granted to customers in the Bank's market area. The Bank is subject to intense
competition from other financial institutions. The Bank also is subject to the
regulations of certain federal and state agencies and undergoes periodic
examination by those regulatory authorities.

  CONSOLIDATION

     The consolidated financial statements include the accounts of the Company
and its wholly-owned subsidiary. All intercompany balances have been eliminated
in consolidation.

  ACCOUNTING RECLASSIFICATIONS

     Certain 2002 and 2001 amounts have been reclassified where appropriate to
conform to the consolidated financial statement presentation used in 2003.

  ACCOUNTING ESTIMATES

     The preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America requires
management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosure of contingent assets and liabilities at
the date of the financial statements and the reported amounts of revenues and
expenses during the reported period. Actual results could differ from those
estimates.

     Material estimates that are particularly susceptible to significant change
include the determination of the allowance for loan losses, the fair value of
financial instruments and the valuation of real estate acquired in connection
with foreclosures or in satisfaction of loans.

  CASH AND CASH EQUIVALENTS

     For purposes of the consolidated statements of cash flows, noninterest
bearing due from bank balances, interest bearing due from bank balances and
federal funds sold are considered to be cash equivalents. Net cash flows are
reported for customer loan and deposit transactions, as well as for other
borrowings.

                                        38
<PAGE>

  SECURITIES

     The Company currently classifies all securities as available for sale.

     Available-for-sale securities, which include any security for which the
Company has no immediate plan to sell but which may be sold in the future, are
carried at fair value. Realized gains and losses, based on amortized cost of the
specific security, are included in other income. Unrealized gains and losses are
recorded, net of related income tax effects, in stockholders' equity as other
comprehensive income. The Company's restricted equity securities, holdings of
Federal Home Loan Bank stock, are carried at cost.

     Premiums and discounts are amortized over the lives of the respective
securities as an adjustment to yield using a method which approximates level
yield. Dividend and interest income are recognized when earned. Realized gains
and losses are included in earnings and are derived using the
specific-identification method for determining the cost of the securities sold.
Securities are written down to fair value when a decline in fair value is not
temporary.

  MORTGAGE LOANS HELD FOR SALE

     Mortgage loans held for sale are carried at the lower of cost or fair
value, determined using an aggregate basis. Write-downs to fair value are
recognized as a charge to earnings at the time the decline in value occurs.
Gains and losses resulting from sales of mortgage loans are recognized when the
respective loans are sold to investors. Gains and losses are determined by the
difference between the selling price and the carrying amount of the loans sold,
net of discounts collected or paid and considering a normal servicing rate. Fees
received from borrowers to guarantee the funding of mortgage loans held for sale
and fees paid to investors to ensure the ultimate sale of such mortgage loans
are recognized as income or expense when the loans are sold or when it becomes
evident that the commitment will not be used.

  LOANS

     Loans that management has the intent and ability to hold for the
foreseeable future or until maturity or payoff are reported at the principal
balance outstanding, net of unearned interest, deferred loan fees and costs, and
an allowance for loan losses. Interest income is reported on the interest method
and includes amortization of net deferred loan fees and costs over the loan
term. Interest income is generally discounted at the time the loan is 90 days
delinquent unless the loan is well-secured and in process of collection. In all
cases, loans are placed on nonaccrual or charged-off at an earlier date if
collection of principal or interest is considered doubtful.

     All interest accrued but not received for loans placed on nonaccrual is
reversed against interest income. Interest received on such loans is accounted
for on the cash-basis or cost-recovery method, until qualifying for return to
accrual. Loans are returned to accrual status when all of the principal and
interest amounts contractually due are brought current and future payments are
reasonably assured.

  ALLOWANCE FOR LOAN LOSSES

     The allowance for loan losses is a valuation allowance for probable
incurred credit losses, increased by the provision for loan losses and decreased
by charge-offs less recoveries. Loan losses are charged against the allowance
when management believes the uncollectibility of a loan balance is confirmed.
Subsequent recoveries, if any, are credited to the allowance. Management
estimates the allowance balance required using past loan loss experience, the
nature and volume of the portfolio, information about specific borrower
situations and estimated collateral values, economic conditions and other
factors. Allocations of the allowance may be made for specific loans, but the
entire allowance is available for any loan that, in management's judgment,
should be charged-off.

                                        39
<PAGE>

     The allowance consists of specific and general components. The specific
component relates to loans that are individually classified as impaired or loans
otherwise classified as substandard or doubtful. The general component covers
non-classified loans and is based on historical loss experience adjusted for
current factors.

     A loan is impaired when full payment under the loan terms is not expected.
Commercial and commercial real estate loans are individually evaluated for
impairment. If a loan is impaired, a portion of the allowance is allocated so
that the loan is reported, net, at the present value of estimated future cash
flows using the loan's existing rate or at the fair value of collateral if
repayment is expected solely from the collateral. Large groups of smaller
balance homogeneous loans, such as consumer and residential real estate loans,
are collectively evaluated for impairment, and accordingly, they are not
separately identified for impairment disclosures.

  REAL ESTATE ACQUIRED BY FORECLOSURE

     Real estate acquired by foreclosure is held for sale and is initially
recorded on an individual property basis at estimated fair value, less cost to
sell, on the date of foreclosure, thus establishing a new cost basis. Subsequent
to foreclosure, real estate is periodically evaluated by management and a
valuation allowance is established if the estimated fair value, less costs to
sell, of the property declines. Subsequent increases in fair value are recorded
through a reversal of the valuation allowance, but not below zero. Revenue and
expenses from operations and changes in the valuation allowance are included in
other expenses.

     Profit on sales of foreclosed real estate is recognized when title has
passed, minimum down payment requirements have been met, the terms of any notes
received by the Company are such to satisfy continuing payment requirements and
the Company is relieved of any requirement for continued involvement in the real
estate. Otherwise, recognition of profit is deferred until such criteria are
met.

  BANK PREMISES AND EQUIPMENT

     Bank premises and equipment are stated at cost, less accumulated
depreciation and amortization computed using straight-line and accelerated
methods. The assets are depreciated over the following periods:

<Table>
                            <S>                                                         <C>
                            Buildings and leasehold improvements                          39 years
                            Furniture and equipment                                     5-10 years
</Table>

  CASH SURRENDER VALUE OF LIFE INSURANCE

     The Company has purchased life insurance policies on certain key
executives. Company owned life insurance is recorded at its cash surrender
value, or the amount that can be realized.

  REPURCHASE AGREEMENTS

     The Company enters into sales of repurchase agreements at a specified date.
Such repurchase agreements are considered financing arrangements, and,
accordingly, the obligation to repurchase securities sold is reflected as a
liability in the consolidated balance sheets. Repurchase agreements are
collateralized by securities.

  ADVERTISING

     Advertising costs are expensed when incurred. Advertising expenses for the
years ended December 31, 2003, 2002 and 2001 amounted to $399,278, $379,345 and
$325,355, respectively.

                                        40
<PAGE>

  INCOME TAXES

     The Company and its subsidiary file a consolidated federal income tax
return. Income taxes are accounted for under the asset and liability method.
Income tax expense is the total of the current year income tax due or refundable
and the change in deferred tax assets and liabilities. Deferred tax assets and
liabilities are recognized for the future tax consequences attributable to
differences between the financial statement carrying amounts of existing assets
and liabilities and their respective tax bases. Deferred tax assets and
liabilities are measured using enacted tax rates expected to apply to taxable
income in the years in which those temporary differences are expected to be
recovered or settled. The effect on deferred tax assets and liabilities of a
change in tax rates is recognized in income in the period that includes the
enactment date.

  STOCK OPTION PLAN

     The Company has a stock-based employee compensation plan, which is
described more fully in Note 13. The Company accounts for this plan under the
recognition and measurement principles of APB Opinion No. 25, "Accounting for
Stock Issued to Employees," and related Interpretations. No stock-based employee
compensation cost is reflected in net income, as all options granted under those
plans had an exercise price equal to the market value of the underlying common
stock on the grant date. The following table illustrates the effect on net
income and earnings per share if the Company had applied the fair value
recognition provisions of FASB Statement No. 123, "Accounting for Stock-Based
Compensation," to stock-based employee compensation:

<Table>
<Caption>
                                                                  Year Ended December 31,
                                                           --------------------------------------
                                                              2003          2002          2001
-------------------------------------------------------------------------------------------------
<S>                                                        <C>           <C>           <C>
Net income, as reported                                    $3,475,937    $3,773,433    $2,709,296
Less: Total stock-based employee compensation cost
  determined under the fair value based method, net of
  income taxes                                               (199,036)     (174,351)     (139,825)
-------------------------------------------------------------------------------------------------
     Pro forma net income                                  $3,276,901    $3,599,082    $2,569,471
=================================================================================================
Earnings per share:
  Basic -- as reported                                     $     3.54    $     3.87    $     2.76
  Basic -- pro forma                                             3.33          3.69          2.62
  Diluted -- as reported                                         3.42          3.79          2.73
  Diluted -- pro forma                                           3.22          3.62          2.59
</Table>

  EARNINGS PER SHARE

     Basic earnings per share (EPS) is computed by dividing income available to
common stockholders by the weighted average number of common shares outstanding
for the period. The computation of diluted EPS is similar except diluted EPS
reflects the potential dilution that could occur if securities or other
contracts to issue common stock were exercised or converted into common stock or
resulted in the issuance of common stock that then shared in the earnings of the
entity.

  LOAN COMMITMENTS AND RELATED FINANCIAL INSTRUMENTS

     Financial instruments include off-balance sheet credit instruments, such as
commitments to make loans and commercial letters of credit, issued to meet
customer financing needs. The face amount for these items represents the
exposure to loss, before considering customer collateral or ability to repay.
Such financial instruments are recorded when they are funded. Instruments, such
as standby letters of credit, that are considered financial guarantees in
accordance with FASB Interpretation No. 45 are recorded at fair value.

                                        41
<PAGE>

  COMPREHENSIVE INCOME

     Comprehensive income consists of net income and other comprehensive income.
Other comprehensive income includes unrealized gains and losses on securities
available for sale which are also recognized as separate components of equity.

  ADOPTION OF NEW ACCOUNTING STANDARDS

     During 2003, the Company adopted FASB Statement 149, Amendment of Statement
133 on Derivative Instruments and Hedging Activities, FASB Statement 150,
Accounting for Certain Financial Instruments with Characteristics of both
Liabilities and Equities, FASB Statement 132 (revised 2003), Employers'
Disclosures about Pensions and Other Postretirement Benefits, FASB
Interpretation 45, Guarantor's Accounting and Disclosure Requirements for
Guarantees, and FASB Interpretation 46, Consolidation of Variable Interest
Entities. Adoption of the new standards did not materially affect the Company's
operating results or financial condition.

  LOSS CONTINGENCIES

     Loss contingencies, including claims and legal actions arising in the
ordinary course of business, are recorded as liabilities when the likelihood of
loss is probable and an amount or range of loss can be reasonably estimated.
Management does not believe there now are such matters that will have a material
effect on the financial statements.

  DIVIDEND RESTRICTION

     Banking regulations require maintaining certain capital levels and may
limit the dividends paid by the bank to the holding company or by the holding
company to shareholders. These restrictions pose no practical limit on the
ability of the bank or holding company to pay dividends at historical levels.

  OPERATING SEGMENTS

     While the chief decision-makers monitor the revenue streams of the various
products and services, the identifiable segments are not material and operations
are managed and financial performance is evaluated on a Company-wide basis.
Accordingly, all of the financial service operations are considered by
management to be aggregated in one reportable operating segment.

  LONG-TERM ASSETS

     Premises and equipment and other long-term assets are reviewed for
impairment when events indicate their carrying amount may not be recoverable
from future undiscounted cash flows. If impaired, the assets are recorded at
fair value.

  FAIR VALUE OF FINANCIAL INSTRUMENTS

     Fair values of financial instruments are estimated using relevant market
information and other assumptions, as more fully disclosed in a separate note.
Fair value estimates involve uncertainties and matters of significant judgment
regarding interest rates, credit risk, prepayments, and other factors,
especially in the absence of broad markets for particular items. Changes in
assumptions or in market conditions could significantly affect the estimates.

                                        42
<PAGE>


2. EARNINGS PER SHARE

     The computation of EPS is summarized as follows:

<Table>
<Caption>
                                                              2003          2002          2001
-------------------------------------------------------------------------------------------------
<S>                                                        <C>           <C>           <C>
Basic EPS:
  Net income                                               $3,475,937    $3,773,433    $2,709,296
=================================================================================================
  Weighted average common shares outstanding                  983,281       974,424       980,513
=================================================================================================
  Basic EPS                                                $     3.54    $     3.87    $     2.76
=================================================================================================
Diluted EPS:
  Net income                                               $3,475,937    $3,773,433    $2,709,296
=================================================================================================
  Weighted average common shares outstanding                  983,281       974,424       980,513
  Dilutive potential due to stock options                      34,412        19,978        11,670
-------------------------------------------------------------------------------------------------
  Weighted average number of common shares and dilutive
     potential common shares outstanding                    1,017,693       994,402       992,183
=================================================================================================
  Diluted EPS                                              $     3.42    $     3.79    $     2.73
=================================================================================================
</Table>

3. RESTRICTIONS ON CASH AND DUE FROM BANKS

     The Company's banking subsidiary is required to maintain cash on hand or on
deposit with the Federal Reserve Bank of $5,444,000 and $4,487,000 to meet
regulatory reserve and clearing requirements at year-end 2003 and 2002,
respectively. These balances do not earn interest.

4. SECURITIES

  AVAILABLE FOR SALE

     The fair value of available-for-sale debt and equity securities and their
gross unrealized gains and gross unrealized losses are summarized as follows:

<Table>
<Caption>
                                                                   December 31, 2003
                                                        ----------------------------------------
                                                                          Gross         Gross
                                                            Fair        Unrealized    Unrealized
                                                           Value          Gains         Losses
------------------------------------------------------------------------------------------------
<S>                                                     <C>            <C>           <C>
Mortgage-backed securities                              $126,843,672   $  734,520     $(725,303)
Obligations of states and political subdivisions          39,856,431    1,525,410        (9,197)
------------------------------------------------------------------------------------------------
     Total debt securities                               166,700,103    2,259,930      (734,500)
Equity securities                                         12,520,600           --            --
------------------------------------------------------------------------------------------------
     Total securities                                   $179,220,703   $2,259,930     $(734,500)
================================================================================================
</Table>

<Table>
<Caption>
                                                                   December 31, 2002
                                                        ----------------------------------------
                                                                          Gross         Gross
                                                            Fair        Unrealized    Unrealized
                                                           Value          Gains         Losses
------------------------------------------------------------------------------------------------
<S>                                                     <C>            <C>           <C>
U.S. government agencies                                $  9,087,650   $   33,538      $     --
Mortgage-backed securities                                89,547,303    2,046,917       (26,026)
Obligations of states and political subdivisions          38,806,702    1,476,201            --
------------------------------------------------------------------------------------------------
     Total debt securities                               137,441,655    3,556,656       (26,026)
Equity securities                                          9,309,800           --            --
------------------------------------------------------------------------------------------------
     Total securities                                   $146,751,455   $3,556,656      $(26,026)
================================================================================================
</Table>

                                        43
<PAGE>

     Available-for-sale securities with a carrying value of approximately
$91,851,000 and $80,587,000 at December 31, 2003 and 2002, respectively, were
pledged to secure public deposits and for other purposes required or permitted
by law.

     The fair value of available-for-sale debt securities by contractual
maturity, are shown below. Actual maturities may differ from contractual
maturities because borrowers may have the right to call or prepay obligations
with or without call or prepayment penalties. The equity securities have no
maturity dates and therefore, have been excluded.

<Table>
<Caption>
                                                                December 31, 2003
                                                                -----------------
                                                                      Fair
                                                                      Value
---------------------------------------------------------------------------------
<S>                                                             <C>
Due in one year or less                                           $  1,980,795
Due after one year through five years                               12,194,707
Due after five years through ten years                              16,586,091
Due after ten years                                                  9,094,838
Mortgage-backed securities                                         126,843,672
---------------------------------------------------------------------------------
  Total debt securities                                           $166,700,103
=================================================================================
</Table>

     Proceeds from sales of available-for-sale debt securities were $18,088,140,
$24,698,994 and $24,297,775 in 2003, 2002 and 2001, respectively.

     Gross realized gains and gross realized losses on sales of
available-for-sale debt securities are summarized as follows:

<Table>
<Caption>
                                                                  2003        2002        2001
------------------------------------------------------------------------------------------------
<S>                                                             <C>         <C>         <C>
Gross realized gains                                            $629,318    $345,232    $392,275
Gross realized losses                                                 --      (4,920)     (1,806)
------------------------------------------------------------------------------------------------
                                                                $629,318    $340,312    $390,469
================================================================================================
</Table>

     Securities with unrealized losses at year-end 2003, presented by length of
time in an unrealized loss position, are as follows:

<Table>
<Caption>
                                                          12 Months or
                              Less than 12 Months             More                   Total
                            ------------------------------------------------------------------------
                               Fair       Unrealized   Fair    Unrealized      Fair       Unrealized
                               Value         Loss      Value      Loss         Value         Loss
----------------------------------------------------------------------------------------------------
<S>                         <C>           <C>          <C>     <C>          <C>           <C>
Mortgage-backed securities  $70,119,331   $(725,303)   $ --      $  --      $70,119,331   $(725,303)
Obligations of states and
  political subdivisions      2,235,616      (9,197)     --         --        2,235,616      (9,197)
----------------------------------------------------------------------------------------------------
Total temporarily impaired  $72,354,947   $(734,500)   $ --      $  --      $72,354,947   $(734,500)
====================================================================================================
</Table>

                                        44
<PAGE>

5. LOANS

     Loans consist of:

<Table>
<Caption>
                                                                    2003            2002
--------------------------------------------------------------------------------------------
<S>                                                             <C>             <C>
Commercial loans                                                $ 55,147,337    $ 59,685,132
Commercial real estate loans                                      79,620,879      85,147,362
Real estate construction loans                                    19,489,319      11,552,620
Residential real estate loans                                     52,059,308      50,812,257
Consumer loans                                                    10,438,146      11,766,777
Mortgage loans held for sale                                         338,729       2,617,150
--------------------------------------------------------------------------------------------
  Total loans                                                    217,093,718     221,581,298
Less: Allowance for loan losses                                    2,697,139       2,409,446
--------------------------------------------------------------------------------------------
  Net loans                                                     $214,396,579    $219,171,852
============================================================================================
</Table>

     A summary of activity in the allowance for loan losses follows:

<Table>
<Caption>
                                                             2003           2002          2001
-------------------------------------------------------------------------------------------------
<S>                                                       <C>            <C>           <C>
Balance -- beginning of year                              $ 2,409,446    $2,224,352    $1,769,693
Provision charged to operations                             1,213,000       600,000       630,000
Charge-offs                                                (1,048,263)     (455,619)     (369,152)
Recoveries                                                    122,956        40,713       193,811
-------------------------------------------------------------------------------------------------
Balance -- end of year                                    $ 2,697,139    $2,409,446    $2,224,352
=================================================================================================
</Table>

     The following table lists information related to nonperforming loans:

<Table>
<Caption>
                                                                   2003          2002
----------------------------------------------------------------------------------------
<S>                                                             <C>           <C>
Loans on nonaccrual status                                      $1,676,187    $  796,349
Accruing loans past due 90 days or more                            598,363       940,555
----------------------------------------------------------------------------------------
  Total nonperforming loans                                     $2,274,550    $1,736,904
========================================================================================
Interest that would have been recognized on nonaccrual loans
  and troubled debt restructurings in accordance with their
  original terms                                                $  145,558    $   56,362
Actual interest recorded for nonaccrual loans and troubled
  debt restructurings                                               10,271        49,985
========================================================================================
</Table>

                                        45
<PAGE>

     A portion of the allowance for loan losses is allocated to loans deemed
impaired. All impaired loans are included in nonperforming loans. Information on
these loans and their related allowance for loan losses is as follows:

<Table>
<Caption>
                                  2003                     2002                     2001
                         ------------------------------------------------------------------------
                          RECORDED    VALUATION    RECORDED    VALUATION    RECORDED    VALUATION
                         INVESTMENT   ALLOWANCE   INVESTMENT   ALLOWANCE   INVESTMENT   ALLOWANCE
-------------------------------------------------------------------------------------------------
<S>                      <C>          <C>         <C>          <C>         <C>          <C>
Impaired loans:
  Valuation allowance
     required            $1,832,923   $470,738    $1,563,078   $198,711    $1,007,821   $130,641
  No valuation
     allowance required         --          --           --          --           --          --
-------------------------------------------------------------------------------------------------
     Total impaired
       loans             $1,832,923   $470,738    $1,563,078   $198,711    $1,007,821   $130,641
=================================================================================================
Average balance of
  impaired loans during
  the year               $1,871,134               $ 833,376                $ 621,274
Interest income
  recognized on
  impaired loans during
  the year                  35,084                  130,288                   86,502
Cash basis interest
  received                  24,674                  114,574                   59,803
=================================================================================================
</Table>

6. BANK PREMISES AND EQUIPMENT

     Bank premises and equipment consist of:

<Table>
<Caption>
                                                                   2003           2002
------------------------------------------------------------------------------------------
<S>                                                             <C>            <C>
Land                                                            $ 1,761,457    $ 1,546,427
Buildings                                                         8,859,855      8,686,080
Leasehold improvements                                              683,198        683,198
Furniture and equipment                                           4,461,306      3,900,139
Automobiles                                                          77,524         91,500
Construction in progress                                              5,848         56,209
------------------------------------------------------------------------------------------
                                                                 15,849,188     14,963,553
Less: Accumulated depreciation and amortization                   3,934,466      3,251,522
------------------------------------------------------------------------------------------
  Total bank premises and equipment                             $11,914,722    $11,712,031
==========================================================================================
</Table>

     Depreciation and amortization expense for the years ended December 31,
2003, 2002 and 2001 amounted to $722,366, $650,977 and $627,463, respectively.

     The Company is obligated under a long-term lease agreement for the Bank's
branch location in Columbia, Illinois through November 2007 with four five-year
options. The lease provides that the Company may use and occupy the premises
only for the purpose of maintaining and operating a branch bank. The lease calls
for monthly rental payments of $3,960.

                                        46
<PAGE>

     Minimum lease payments at December 31, 2003 are due as follows:

<Table>
<Caption>
Year                                      Amount
-------------------------------------------------
<S>                                      <C>
2004                                     $ 47,520
2005                                       47,520
2006                                       47,520
2007                                       43,560
-------------------------------------------------
                                         $186,120
=================================================
</Table>

     Rent expense for the years ended December 31, 2003, 2002 and 2001 amounted
to $112,311, $98,261, and $105,077, respectively.

7. DEPOSITS

     Deposits consist of:

<Table>
<Caption>
                                                                    2003             2002
----------------------------------------------------------------------------------------------
<S>                                                             <C>              <C>
Noninterest bearing deposits:
  Demand deposit accounts                                       $  41,470,256    $  40,604,261
----------------------------------------------------------------------------------------------
Interest bearing deposits:
  Demand deposit accounts (NOW)                                    33,945,374       29,882,050
  Money market accounts                                            44,467,179       38,934,091
  Savings                                                          72,632,956       65,036,028
  Certificates of deposit, $100,000 and over                       59,379,919       59,388,680
  Other certificates of deposit                                   109,025,200      117,144,727
----------------------------------------------------------------------------------------------
       Total interest bearing deposits                            319,450,628      310,385,576
----------------------------------------------------------------------------------------------
       Total Deposits                                           $ 360,920,884    $ 350,989,837
==============================================================================================
</Table>

     The scheduled maturities of time deposits were as follows:

<Table>
<Caption>
Year                                        Amount
-----------------------------------------------------
<S>                                      <C>
2004                                     $126,972,589
2005                                       15,020,232
2006                                        8,135,676
2007                                       14,580,105
2008                                        3,691,429
2010                                            5,088
-----------------------------------------------------
                                         $168,405,119
=====================================================
</Table>

8. REPURCHASE AGREEMENTS

     Repurchase agreements are treated as financing arrangements and other
obligations to repurchase securities sold and are reflected as liabilities in
the consolidated balance sheets. The repurchase agreements generally mature
within one year. The securities underlying the repurchase agreements were held
by a designated safekeeping agent.

                                        47
<PAGE>

     The average balance and maximum amount outstanding at any month-end of
repurchase agreements for the years ended December 31, 2003, 2002 and 2001 is
summarized as follows:

<Table>
<Caption>
                                                           2003           2002           2001
-------------------------------------------------------------------------------------------------
<S>                                                     <C>            <C>            <C>
Average balance outstanding                             $21,225,179    $18,652,682    $11,539,892
-------------------------------------------------------------------------------------------------
Maximum month-end balance outstanding                   $24,832,508    $23,707,487    $14,915,710
-------------------------------------------------------------------------------------------------
Average interest rate during the year                          1.48%          1.91%          3.83%
-------------------------------------------------------------------------------------------------
Weighted average interest rate at year-end                     1.31%          1.71%          2.21%
=================================================================================================
</Table>

9. OTHER BORROWINGS

     On December 7, 1999, the Company entered into a revolving line of credit
with an unaffiliated bank which provides for financing of up to $2,500,000 at a
variable rate of interest. The line of credit was payable on demand and has
since been increased to $5,000,000. The Company has extended the term of the
line of credit such that if no demand for payment is made, any outstanding
principal balance is due on January 7, 2004, subsequently extended to January 7,
2005. The line of credit is secured by 350,000 shares of Bank common stock. At
December 31, 2003 and 2002, advances on the line of credit totaled $1,237,100
and $1,537,100, respectively, and interest rates were 3.50% and 3.75%,
respectively.

10. FEDERAL HOME LOAN BANK ADVANCES

     Advances from the Federal Home Loan Bank of Chicago (FHLB) totaled
$9,400,000 and $5,000,000 at December 31, 2003 and 2002, respectively. The
advances at December 31, 2003 and 2002 included a $5,000,000 advance entered
into by the Company in December 1999. This advance has an interest rate of 5.63%
and matures on December 13, 2004. Beginning on December 13, 2000, the FHLB has
the right to call the advance in whole or in part on a quarterly basis until it
matures. Advances at December 31, 2003 also included an overnight advance in the
amount of $4,400,000. The overnight advance serves as a funding alternative to
federal funds purchased. Advances from the FHLB are secured by a blanket lien on
qualifying first mortgage loans.

11. INCOME TAXES

     The composition of income tax expense (benefit) is as follows:

<Table>
<Caption>
                                                                2003          2002         2001
-------------------------------------------------------------------------------------------------
<S>                                                          <C>           <C>           <C>
Current
  Federal                                                    $  590,795    $  507,522    $927,291
  State                                                         213,822       110,414          --
-------------------------------------------------------------------------------------------------
                                                                804,617       617,936     927,291
Deferred
  Federal                                                       226,413       822,464     (20,191)
  State                                                          52,570            --          --
-------------------------------------------------------------------------------------------------
                                                                278,983       822,464     (20,191)
-------------------------------------------------------------------------------------------------
Income tax expense                                           $1,083,600    $1,440,400    $907,100
=================================================================================================
</Table>

                                        48
<PAGE>

     The components of deferred tax assets and deferred tax liabilities are
summarized as follows:

<Table>
<Caption>
                                                                   2003           2002
------------------------------------------------------------------------------------------
<S>                                                             <C>            <C>
Deferred tax assets:
  Allowance for loan losses                                     $   714,882    $   637,975
  Alternative minimum tax credits                                   303,432        337,002
  Deferred compensation                                             543,956        377,600
------------------------------------------------------------------------------------------
       Total deferred tax assets                                  1,562,270      1,352,577
------------------------------------------------------------------------------------------
Deferred tax liabilities:
  Depreciation on bank premises and equipment                    (1,518,193)    (1,349,947)
  Accumulated market discount                                        (9,227)       (17,592)
  Available-for-sale securities market valuation                   (579,663)    (1,341,639)
  Federal Home Loan Bank stock dividends                           (475,843)      (212,116)
  Other                                                             (65,068)            --
------------------------------------------------------------------------------------------
       Total deferred tax liabilities                            (2,647,994)    (2,921,294)
------------------------------------------------------------------------------------------
  Net deferred tax liability                                    $(1,085,724)   $(1,568,717)
==========================================================================================
</Table>

     As of December 31, 2003, the company had $303,342 of alternative minimum
tax credits available to offset future federal income taxes. The credits have no
expiration date.

     The following is a reconciliation of income tax expense to the amount
computed at the federal statutory rate of 34%:

<Table>
<Caption>
                                            2003                   2002                   2001
                                     -----------------------------------------------------------------
                                     -------------------    -------------------    -------------------
                                       AMOUNT        %        AMOUNT        %        AMOUNT        %
------------------------------------------------------------------------------------------------------
<S>                                  <C>           <C>      <C>           <C>      <C>           <C>
Expected tax expense                 $1,550,242     34.0    $1,772,703     34.0    $1,229,575     34.0
Items affecting federal income
  tax rate:
  State income taxes                    153,024      3.4        72,873      1.4            --       --
  Tax-exempt interest                  (518,775)   (11.4)     (536,085)   (10.3)     (381,884)   (10.5)
  Other                                (100,891)    (2.2)      130,909      2.5        59,409      1.6
------------------------------------------------------------------------------------------------------
Income tax expense                   $1,083,600     23.8    $1,440,400     27.6    $  907,100     25.1
======================================================================================================
</Table>

12. EMPLOYEE BENEFIT PLANS

     The Company maintains a qualified, noncontributory, trusteed Retirement
Savings Plan covering eligible full-time employees. The plan provides for
contributions by the Company in such amounts as the Board of Directors may
annually determine. The Company is under no obligation to make contributions to
the plan. The employees may make voluntary contributions subject to certain
limitations. The Board of Directors approved the accrual of a contribution to
the Retirement Savings Plan in the amount of $96,000, $84,000, and $72,000 in
2003, 2002 and 2001, respectively.

     The Company has available a deferred compensation plan for the Company's
Board of Directors. The obligation under the plan is accrued and expensed as it
is earned. The expense related to the deferred compensation plan totaled
$181,259, $153,813 and $131,708 in 2003, 2002 and 2001, respectively. The
deferred compensation accrual is included in other liabilities in the
consolidated balance sheets and amounted to $1,020,288 and $839,029 at December
31, 2003, and 2002, respectively.

     In 2000, the Company established a deferred compensation plan for the
Company's president. In 2002, the Company established deferred compensation
plans for several other officers of the Company. The obligation under all of the
plans is accrued and expensed as it is earned. The
                                        49
<PAGE>

expense related to the deferred compensation plans totaled $228,907, $78,031 and
$70,773 in 2003, 2002 and 2001, respectively. The deferred compensation accrual
is included in other liabilities in the consolidated balance sheets and amounted
to $383,563 and $154,656 at December 31, 2003, and 2002, respectively.

     In 2000, the Bank entered into an employment agreement with the Company's
chairman of the board. The agreement provides that during his employment and for
15 years thereafter, he will not engage in competition with the Bank, divert any
client from the Bank or solicit a Bank employee or otherwise engage in conduct
adverse to the Bank. In consideration, the Bank will pay him 50% of his annual
base salary, for the calendar year ending prior to termination of employment,
for 15 years following termination of his employment. In the event of his death
prior to the end of the 15-year payout period, the Bank will pay 50% of his
annual base salary to his wife until her death.

13. STOCK OPTION PLAN

     Options to buy stock are granted to directors, officers and employees under
the Company's Stock Option Plan, which provides for the issuance of up to
250,000 shares of common stock to directors and employees in key management
positions to encourage such directors and key employees to remain with the
Company. Interest in the Plan for each participant vests in five equal
installments from the date options are granted. The maximum term of the options
is 10 years. Activity within the Plan is summarized as follows:

<Table>
<Caption>
                                       2003                   2002                   2001
                                -----------------------------------------------------------------
                                           WEIGHTED               Weighted               Weighted
                                NUMBER     AVERAGE     NUMBER     AVERAGE     NUMBER     AVERAGE
                                  OF       EXERCISE      OF       EXERCISE      OF       EXERCISE
                                SHARES      PRICE      SHARES      PRICE      SHARES      PRICE
-------------------------------------------------------------------------------------------------
<S>                             <C>        <C>         <C>        <C>         <C>        <C>
Outstanding at January 1        135,000     $25.70     135,000     $25.70     78,000      $23.15
Granted                         28,500       35.75         --          --     57,000       29.19
Forfeited                        8,000       27.96         --          --         --          --
-------------------------------------------------------------------------------------------------
Outstanding at December 31      155,500     $27.43     135,000     $25.70     135,000     $25.70
=================================================================================================
</Table>

     At December 31, 2003, 2002 and 2001, 80,700, 57,600, and 30,600 stock
options were exercisable, respectively.

     The following table summarizes information about stock options outstanding
at December 31, 2003:

<Table>
<Caption>
                    Outstanding Stock Options                         Exercisable Stock Options
------------------------------------------------------------------   ----------------------------
                  Number of     Weighted Average       Weighted       Number of       Weighted
   Range of        Options     Remaining Years of      Average         Options        Average
Exercise Prices  Outstanding    Contractual Life    Exercise Price   Exercisable   Exercise Price
-------------------------------------------------------------------------------------------------
<S>              <C>           <C>                  <C>              <C>           <C>
$20.00 -- $22.00    48,000            4.67              $21.00         43,200          $20.89
$27.00 -- $27.50    47,330            6.44              $27.22         24,232          $27.17
$30.25 -- $35.75    60,170            8.40              $32.72         13,268          $30.25
                   -------                                             ------
                   155,500            6.67              $27.43         80,700          $24.31
                   =======                                             ======
</Table>

     The per share fair values of stock options granted in 2003 and 2001 were
estimated on the date of grant at $9.87 and $9.36 respectively, using the
Black-Scholes option-pricing model. No stock options were granted in 2002. The
following assumptions were used to determine the per share fair value of the
stock options granted in 2003 and 2001: dividend yields of 1.1% and 1.3%,
respectively; risk-free interest rates of 4.1% and 5.0%, respectively; and
estimated lives of 10 years

                                        50
<PAGE>

and 7 years, respectively. Volatility of 14% and 0% were assumed for 2003 and
2001, respectively. The pro forma effect of applying SFAS No. 123 on net income
and earnings per share is displayed in Note 1.

14. FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK

     The Company is a party to financial instruments with off-balance-sheet risk
in the normal course of business to meet the financing needs of its customers.
These financial instruments include commitments to extend credit and financial
guarantees. These instruments involve, to varying degrees, elements of credit
and interest rate risk in excess of the amount recognized in the consolidated
balance sheets. Interest rate risk on commitments to extend credit results from
the possibility that interest rates may have moved unfavorably, from the
position of the Company, since the time the commitment was made. The contract or
notional amounts of these instruments reflect the extent of the Company's
involvement in particular classes of financial instruments.

     The Company's exposure to credit loss in the event of nonperformance by the
other party to the financial instrument for commitments to extend credit and
financial guarantees written is represented by the contractual amount of these
instruments. The Company uses the same credit policies in making commitments and
conditional obligations as it does for on-balance-sheet instruments. Commitments
to extend credit are agreements to lend to a customer as long as there is no
violation of any condition established in the contract. Commitments generally
have fixed expiration dates or other termination clauses and may require payment
of a fee. Since certain of the commitments are expected to expire without being
drawn upon, the total commitment amounts do not necessarily represent future
cash requirements. The Company evaluates each customer's creditworthiness on a
case-by-case basis. The amount of collateral obtained, if deemed necessary by
the Company upon extension of credit, is based on management's credit evaluation
of the counterparty. Collateral held varies but may include commercial real
estate, accounts receivable, inventory, equipment and residential real estate.

     Standby letters of credit and financial guarantees written are conditional
commitments issued by the Company to guarantee the performance of a customer to
a third party. These guarantees are primarily issued to support contractual
obligations of Bank customers. The credit risk involved in issuing letters of
credit is essentially the same as that involved in extending loan facilities to
customers.

     At December 31, 2003 and 2002, the Company's fixed and variable outstanding
commitments to extend credit, outstanding standby letters of credit and
outstanding commitments to sell loans held for sale as follows:

<Table>
<Caption>
                                                       2003                         2002
                                            ------------------------------------------------------
                                               FIXED        VARIABLE        FIXED        VARIABLE
--------------------------------------------------------------------------------------------------
<S>                                         <C>            <C>            <C>           <C>
Commitments to originate new loans          $11,708,700    $   297,000    $1,995,635    $1,673,370
Commitments to originate new loans held
  for sale                                      135,000        137,000     2,572,500            --
Unfunded commitments to extend credit
  under existing equity, credit card and
  other lines of credit                      16,813,264     25,957,589     9,551,197    30,705,821
Letters of credit                             1,474,083      3,332,735       126,324     4,315,435
Commitments to sell loans held for sale         135,000        137,000     2,572,500            --
</Table>

                                        51
<PAGE>

     The range of interest rates applicable to the fixed rate financial
instruments set forth above are as follows:

<Table>
<Caption>
                                                                    2003            2002
--------------------------------------------------------------------------------------------
<S>                                                             <C>             <C>
Commitments to originate new loans                              4.50%-10.25%     6.00%-6.75%
Commitments to originate new loans held for sale                6.25%-6.375%    4.625%-6.25%
Unfunded commitments to extend credit under existing equity,
  credit card and other lines of credit                         3.25%-18.00%    4.25%-18.00%
Letters of credit                                                4.00%-7.50%     6.00%-9.00%
Commitments to sell loans held for sale                         6.25%-6.375%    4.625%-6.25%
</Table>

15. RELATED PARTY TRANSACTIONS

     Certain executive officers and directors were indebted to the Company for
loans in the aggregate amount of $7,859,850 and $7,415,724 at December 31, 2003
and 2002, respectively. Following is a summary of activity for 2003 of loans
made by the Company to executive officers and directors or to entities in which
such individuals had a beneficial interest.

<Table>
<S>                                                             <C>
Balance at January 1, 2003                                      $ 7,415,724
New loans                                                         4,265,756
Payments received                                                (3,821,630)
---------------------------------------------------------------------------
BALANCE AT DECEMBER 31, 2003                                    $ 7,859,850
===========================================================================
</Table>

     Deposits from those parties at December 31, 2003 and 2002 amounted to
$1,137,267 and $1,280,547, respectively.

16. FAIR VALUE OF FINANCIAL INSTRUMENTS

     The estimated fair values of the Company's financial instruments were as
follows:

<Table>
<Caption>
                                           DECEMBER 31, 2003               December 31, 2002
                                      ------------------------------------------------------------
                                        CARRYING          FAIR          CARRYING          FAIR
                                         AMOUNT          VALUE           AMOUNT          VALUE
--------------------------------------------------------------------------------------------------
<S>                                   <C>             <C>             <C>             <C>
Financial assets:
  Cash and cash equivalents           $  8,979,883    $  8,979,883    $ 22,474,026    $ 22,474,026
  Available for sale securities        179,220,703     179,220,703     146,751,455     146,751,455
  Loans, net                           214,396,579     214,789,390     219,171,852     222,111,658
  Interest receivable                    1,659,266       1,659,266       2,086,560       2,086,560
Financial liabilities:
  Deposits                             360,920,884     362,892,394     350,989,837     353,804,385
  Repurchase agreements                 19,185,867      19,185,867      21,692,278      21,692,278
  Other borrowings                       1,237,100       1,237,100       1,537,100       1,537,100
  FHLB advances                          9,400,000       9,611,684       5,000,000       5,372,803
  Interest payable                         645,336         645,336         874,845         874,845
</Table>

     The following methods and assumptions were used to estimate fair value of
each class of financial instrument listed above:

  CASH AND CASH EQUIVALENTS

     Cash and cash equivalents consist of cash and due from banks, interest
bearing due from banks, and federal funds sold. The carrying value is considered
a reasonable estimate of fair value of these financial instruments due to their
short-term nature.

                                        52
<PAGE>

  SECURITIES

     Fair values are based on quoted market prices or dealer quotes.

  LOANS

     The fair value of loans is estimated by discounting the future cash flows
using the current rates at which similar loans would be made to borrowers with
similar credit ratings and for the same remaining maturities. Loans with similar
characteristics were aggregated for purposes of the calculations. For
homogeneous categories of loans, such as mortgage loans held for sale, fair
value is estimated using the quoted market prices for securities backed by
similar loans, adjusted for differences in loan characteristics.

  INTEREST RECEIVABLE/PAYABLE

     The fair values of interest receivable/payable approximate carrying values
due to their short-term nature.

  DEPOSITS

     The fair value of deposits with no stated maturity, such as noninterest
bearing checking accounts, NOW accounts, money market deposit accounts, and
savings accounts, is equal to the amount payable on demand at the reporting
date. The fair value of certificates of deposit, all of which have stated
maturities, is based on the discounted value of contractual cash flows. The
discount rate is estimated using the rates currently offered for deposits of
similar remaining maturities.

  REPURCHASE AGREEMENTS AND OTHER BORROWINGS

     The carrying value is considered a reasonable estimate of fair value of
these financial instruments due to original maturities generally not exceeding
one year.

  FHLB ADVANCES

     The fair value of FHLB advances is based on the discounted value of
contractual cash flows. The discount rate is estimated using rates currently
available to the Company for similar terms to maturity.

17. REGULATORY MATTERS

     The Company and the Bank are subject to various regulatory capital
requirements administered by the federal banking agencies. Failure to meet
minimum capital requirements can initiate certain mandatory and possibly
additional discretionary actions by regulators that, if undertaken, could have a
direct material effect on the financial statements. Under capital adequacy
guidelines and the regulatory framework for prompt corrective action, the
Company and the Bank must meet specific capital guidelines that involve
quantitative measures of the Company's and the Bank's assets, liabilities, and
certain off-balance-sheet items as calculated under regulatory accounting
practices. The Company's and the Bank's capital amounts and classification are
also subject to qualitative judgments by the regulators about components, risk
weightings, and other factors.

     Quantitative measures established by regulation to ensure capital adequacy
require the Company and the Bank to maintain minimum amounts and ratios (set
forth in the following table) of Total and Tier I capital (as defined in the
regulations) to risk-weighted assets (as defined), and of Tier I capital to
average assets (as defined). Management believes, as of December 31, 2003, that
the Company and the Bank meet all capital adequacy requirements to which they
are subject.

                                        53
<PAGE>

     As of December 31, 2003, the most recent financial report filed with the
FDIC categorized the Bank as well capitalized under the regulatory framework for
prompt corrective action. To be categorized as well capitalized, the Bank must
maintain minimum Total risk-based, Tier I risk-based, and Tier I leverage ratios
as set forth in the following table. There are no conditions or events since
that most recent filing that management believes have changed the institution's
category.

     The capital amounts and ratios for the Company and the Bank are presented
in the table below.

<Table>
<Caption>
                                                                                              To Be Well
                                                                   For Capital            Capitalized Under
                                                                     Adequacy             Prompt Corrective
                                            Actual                   Purposes             Action Provisions
                                     ------------------------------------------------------------------------
                                       Amount       Ratio        Amount       Ratio        Amount       Ratio
-------------------------------------------------------------------------------------------------------------
<S>                                  <C>            <C>        <C>            <C>        <C>            <C>
As of December 31, 2003
  Total capital (to risk-weighted
    assets):
    Consolidated                     $32,482,785    13.01%     $19,970,263    8.00%               NA       NA
    Bank                              32,839,473    13.16       19,968,975    8.00       $24,961,219    10.00%
  Tier 1 capital (to
    risk-weighted assets):
    Consolidated                      29,785,646    11.93        9,985,132    4.00                NA       NA
    Bank                              30,142,334    12.08        9,984,488    4.00        14,976,732     6.00
  Tier 1 capital (to average
    assets):
    Consolidated                      29,785,646    7.00        17,024,833    4.00                NA       NA
    Bank                              30,142,334    7.08        17,024,381    4.00        21,280,476     5.00
As of December 31, 2002
  Total capital (to risk-weighted
    assets):
    Consolidated                     $28,760,158    10.93%     $21,042,198    8.00%               NA       NA
    Bank                              29,831,601    11.34       21,041,022    8.00       $26,301,278    10.00%
  Tier 1 capital (to
    risk-weighted assets):
    Consolidated                      26,350,712    10.02       10,521,099    4.00                NA       NA
    Bank                              27,422,155    10.43       10,520,511    4.00        15,780,767     6.00
  Tier 1 capital (to average
    assets):
    Consolidated                      26,350,712    6.49        16,234,677    4.00                NA       NA
    Bank                              27,422,155    6.76        16,234,016    4.00        20,292,521     5.00
</Table>

                                        54
<PAGE>

18. PARENT COMPANY FINANCIAL INFORMATION

     The following are condensed balance sheets as of December 31, 2003 and 2002
and condensed statements of income and cash flows for the years ended December
31, 2003, 2002 and 2001 for West Pointe Bancorp, Inc. (parent company only):

                            CONDENSED BALANCE SHEETS

<Table>
<Caption>
                                                                   2003           2002
------------------------------------------------------------------------------------------
<S>                                                             <C>            <C>
Assets
  Cash and due from banks                                       $   874,528    $   468,229
  Investment in subsidiary                                       31,088,101     29,611,146
  Other assets                                                       16,100         14,700
------------------------------------------------------------------------------------------
     Total Assets                                               $31,978,729    $30,094,075
==========================================================================================
Liabilities And Stockholders' Equity
  Other borrowings                                              $ 1,237,100    $ 1,537,100
  Other liabilities                                                  10,216         17,272
  Stockholders' equity                                           30,731,413     28,539,703
------------------------------------------------------------------------------------------
     Total Liabilities And Stockholders' Equity                 $31,978,729    $30,094,075
==========================================================================================
</Table>

                         CONDENSED STATEMENTS OF INCOME

<Table>
<Caption>
                                                              2003          2002          2001
-------------------------------------------------------------------------------------------------
<S>                                                        <C>           <C>           <C>
Distributed income from subsidiary                         $  882,275    $  800,000    $  655,455
Interest expense                                              (49,811)      (68,510)     (104,062)
Other expense                                                (156,906)     (119,672)     (148,492)
-------------------------------------------------------------------------------------------------
  Income before income tax benefit and equity in
     undistributed income of subsidiary                       675,558       611,818       402,901
Income tax benefit                                             80,200        73,000        98,000
-------------------------------------------------------------------------------------------------
  Income before equity in undistributed income of
     subsidiary                                               755,758       684,818       500,901
Equity in undistributed income of subsidiary                2,720,179     3,088,615     2,208,395
-------------------------------------------------------------------------------------------------
Net income                                                 $3,475,937    $3,773,433    $2,709,296
=================================================================================================
</Table>

                                        55
<PAGE>

                       CONDENSED STATEMENTS OF CASH FLOWS

<Table>
<Caption>
                                                           2003           2002           2001
-------------------------------------------------------------------------------------------------
<S>                                                     <C>            <C>            <C>
Cash Flows From Operating Activities
  Net income                                            $ 3,475,937    $ 3,773,433    $ 2,709,296
  Equity in undistributed income of subsidiary           (2,720,179)    (3,088,615)    (2,208,395)
  Other, net                                                 (8,456)         1,517         28,808
-------------------------------------------------------------------------------------------------
Net Cash Provided By Operating Activities                   747,302        686,335        529,709
-------------------------------------------------------------------------------------------------
Cash Flows From Financing Activities
  Proceeds from issuance of common stock                    490,104        212,415         49,491
  Purchase of treasury stock                                     --       (311,075)            --
  Dividends paid                                           (531,107)      (428,711)      (352,922)
  Increase (decrease) in other borrowings                  (300,000)        49,600       (200,000)
-------------------------------------------------------------------------------------------------
Net Cash Used In Financing Activities                      (341,003)      (477,771)      (503,431)
-------------------------------------------------------------------------------------------------
Net Increase In Cash And Cash Equivalents                   406,299        208,564         26,278
Cash And Cash Equivalents -- Beginning Of Year              468,229        259,665        233,387
-------------------------------------------------------------------------------------------------
Cash And Cash Equivalents -- End Of Year                $   874,528    $   468,229    $   259,665
=================================================================================================
</Table>

                                        56
<PAGE>

                                    [PHOTO]

                                   DIRECTORS

SEATED, LEFT TO RIGHT:
Jack B. Haydon, Charles G. Kurrus, III, William C. Allison, C.P.A.

STANDING, LEFT TO RIGHT:
Harry E. Cruncleton, Wayne W. Weeke, David G. Embry, Terry W. Schaefer,
Edward J. Szewczyk, M.D.

WILLIAM C. ALLISON, C.P.A.
Retired Managing Partner,
  Allison, Knapp and Siekmann

HARRY E. CRUNCLETON
Chairman of the Board

DAVID G. EMBRY
President, C-Mac, Inc.

JACK B. HAYDON
President, Reese Construction
  Company

CHARLES G. KURRUS, III
President, Kurrus Funeral Home

TERRY W. SCHAEFER
President and
  Chief Executive Officer

EDWARD J. SZEWCZYK, M.D.
Medical Doctor, private practice,
  Ophthalmology

WAYNE W. WEEKE
Retired President,
  Weeke Wholesale Company

                                        57
<PAGE>

                                    [PHOTO]

                                TRUST COMMITTEE

SEATED, LEFT TO RIGHT:
      Jack B. Haydon, Charles G. Kurrus, III,
            William C. Allison, C.P.A., Garrett C. Reuter, Attorney at Law

STANDING, LEFT TO RIGHT:
      Edward J. Szewczyk, M.D., Robert G. Cady, Wayne W. Weeke,
            David G. Embry, Terry W. Schaefer, Harry E. Cruncleton

                                        58
<PAGE>

                                    (PHOTO)

                                    OFFICERS

<Table>
<S>                               <C>                             <C>
HARRY E. CRUNCLETON               M. TODD BERNHARDT               DEBRA S. STEHL
Chairman of the Board             Vice President and              Assistant Vice President/
                                    Registered Principal            Loan Operations
TERRY W. SCHAEFER
President and                     MELVIN M. EMBRICH               KATHLEEN A. CHRISTOPHER
  Chief Executive Officer         Vice President/Loans            Assistant Vice President/
                                                                    Human Resource Director
BRUCE A. BONE                     WILLIAM M. METZGER
Executive Vice President and      Vice President/Loans            MOLLY M. WATKINS
  Chief Financial Officer                                         Assistant Vice President/
                                  GLENNON A. ALBERS                 Operations
ROBERT O. LAKIN                   Vice President and
Executive Vice President and        Branch Manager                KIMBERLY A. STEPHENS
  Senior Lending Officer                                          Assistant Vice President/
                                  DALE A. HOEPFINGER                Information Technology
J. E. CRUNCLETON                  Vice President and
Corporate Secretary and             Branch Manager                RITA M. POETTKER
  Marketing Director                                              Mortgage Loan Officer
                                  VICKI R. FOSTER
ROBERT G. CADY                    Assistant Vice President and    CYNTHIA L. HEGGEMEIER
Senior Vice President and           Branch Manager                Senior Credit Analyst
  Trust Officer
                                  KORY A. KUNZE                   RAMONA L. GEBAUER
QUINTEN E. SPIVEY                 Assistant Vice President and    Compliance Officer and
Senior Vice President and           Branch Manager                  Internal Auditor
  Trust Officer
                                  TRACEY J. HARTMANN              PATRICIA A. HOFFMANN
ALBERT A. MILLER                  Assistant Vice President and    Controller
Senior Vice                         Trust Officer
  President/Operations                                            JEANNE M. DALMAN
                                  DEBORAH M. LEHMKUHL             Operations Officer
BONNIE M. HETTENHAUSEN            Assistant Vice President/
First Vice President/Loans          Mortgage Loans                LAURA A. SNODGRASS
                                                                  Loan Operations Officer
GEORGE W. OBERNAGEL, III          JACQUELINE LEMMON
Vice President and Trust Officer  Assistant Vice President/Loans  ROSE MARIE FITZGERALD
                                                                  Advantage Pointe Club Director
SHARON L. CLEVELAND               RICHARD G. PIPER
Vice President/Mortgage Loans     Assistant Vice President/Loans  SHELIA B. GLENN
                                                                  Executive Administrative
                                                                    Assistant
</Table>

                                        59
<PAGE>

                                    [PHOTO]

                        ADVANTAGE POINTE ADVISORY BOARD
SEATED, LEFT TO RIGHT:
      Edward Blake, Sr., Maurice Bone, Attorney at Law

STANDING, LEFT TO RIGHT:
      Rose Marie Fitzgerald, Director, Donald Jerome, M.D., Theodore Bryan,
      M.D., Rena Murphy, Fern Hettenhausen, Milton Smith, Janet Bouffard,
      William James, III

NOT PICTURED:
      Mardell Chadwick, Virginia Frieze, Arlette Lokken

                                        60
<PAGE>

STOCKHOLDER INFORMATION
--------------------------------------------------------------------------------

CORPORATE HEADQUARTERS

5701 West Main Street
Belleville, IL 62226
(618) 234-5700

ANNUAL MEETING

Wednesday, April 14, 2004
10:00 A.M.
St. Clair Country Club
South 78th Street
Belleville, IL 62223

INDEPENDENT AUDITORS

Crowe Chizek and Company LLC
3815 River Crossing Parkway
Suite 300
Indianapolis, IN 46240

TRANSFER AGENT

Illinois Stock Transfer Company
209 West Jackson Boulevard
Suite 903
Chicago, IL 60606-6905

GENERAL INQUIRIES AND REPORTS

A copy of the Company's 2003 Annual
Report to the Securities and Exchange
Commission, Form 10-K, may be
obtained without charge by written
request of shareholders to:
Harry Cruncleton, Chairman
West Pointe Bancorp, Inc.
5701 West Main Street
Belleville, IL 62226

FDIC DISCLAIMER

This Annual Report has not been
reviewed, or confirmed for accuracy
or relevance, by the FDIC.