<PAGE>
                                                                               .
                                                                               .
                                                                               .

                        (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 of Financial Condition
  and Results of Operations                                                           5
Report of Independent Registered Public Accounting Firm                              33
Consolidated Financial Statements                                                    34
Notes To Consolidated Financial Statements                                           39
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
sale 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>
2005
First Quarter                                                 $45.00    $43.75      $.18
Second Quarter                                                 46.00     45.00       .18
Third Quarter                                                  46.75     46.00       .19
Fourth Quarter                                                 48.00     46.75       .19
2004
First Quarter                                                 $41.00    $39.75      $.14
Second Quarter                                                 41.75     41.00       .15
Third Quarter                                                  42.75     41.75       .16
Fourth Quarter                                                 43.75     42.75       .17
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
</Table>

     The shareholders 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, 2006, West Pointe had 629 registered shareholders of record
for its common stock.

                                        1
<PAGE>

                               EXECUTIVE OFFICERS

                                    [PHOTO]

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

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

                                        2
<PAGE>

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

TO OUR FELLOW SHAREHOLDERS,

     The accompanying Annual Report details the financial accomplishments for
2005, our fifteenth year of operation.

     During 2005 we focused our efforts in several areas to increase the value
of your investment in West Pointe Bancorp, Inc. Following your review of the
Annual Report, we hope you will agree that 2005 was another successful year.

     We are pleased to report that in addition to a 19.4% increase in dividends
paid during 2005 compared to 2004, an appreciation in our per share value of
9.7% was also realized.

     During 2005 we experienced improved economic conditions which contributed
to a 7.1% increase in deposits over those of 2004. Among the numerous improved
economic conditions that occurred during 2005, the most significant was the U.S.
Department of Defense Base Realignment and Closure Commission decision to
maintain and provide for future growth for the operations at Scott Air Force
Base. The economic impact of the Scott Air Force Base operations could exceed $2
billion annually to our local economy.

     During 2005 we were actively engaged in 15 local residential developments
as primary financial provider for subdivision developers. To this extent, we
provided twice the amount of the funding as our two closest competitors
combined.

     Throughout 2005 we experienced enhanced loan productivity resulting in a
6.2% increase in outstanding loans while improving our asset quality.
Non-performing assets decreased 54.9% in 2005 compared to 2004, the lowest level
in several years. We are pleased with this latter accomplishment as we recognize
the negative impact on earnings that result from loan losses as well as other
non-performing assets.

     In 2005 we continued to experience increased competition from other
financial providers who have entered our market area. We recognize that a
certain amount of deposit erosion will result from added financial providers in
our market. We believe the strongest counter measure to added competition is to
continue to provide consistent advice and excellent personalized services to our
customer base. Our commitment to friendly and comprehensive customer care in
2005 once again earned West Pointe Bank And Trust Company, our only subsidiary,
the Belleville News Democrat Reader's Choice Award as the Best Financial
Institution. We are proud to have once again received this community
recognition. Since the bank's formation in 1990, we have worked diligently to
build our institution on trust and integrity.

     On behalf of our Board of Directors, our management team, and our entire
staff, we thank you for your continued support throughout 2005. We encourage
your attendance at our Annual Meeting scheduled for April 19, 2006, 9:30 AM, St.
Clair Country Club.

     Sincerely,

<Table>
<S>                       <C>

     /S/ HARRY E.         /S/ TERRY W. SCHAEFER
      CRUNCLETON              President and
   Chairman of the           Chief Executive
        Board                    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, 2005 is primarily derived
from the audited financial statements.

<Table>
<Caption>
                                                          AS OF AND FOR THE YEAR ENDED DECEMBER 31,
                                           ------------------------------------------------------------------------
                                               2005           2004           2003           2002           2001
-------------------------------------------------------------------------------------------------------------------
<S>                                        <C>            <C>            <C>            <C>            <C>
SUMMARY OF OPERATIONS
Interest and fee income                    $ 22,519,228   $ 20,083,246   $ 20,580,488   $ 22,055,046   $ 24,030,281
Interest expense                              9,115,282      6,538,078      7,164,220      9,168,905     13,643,178
Net interest income                          13,403,946     13,545,168     13,416,268     12,886,141     10,387,103
Provision for loan losses                         2,000        658,000      1,213,000        600,000        630,000
Net interest income after provision for
  loan losses                                13,401,946     12,887,168     12,203,268     12,286,141      9,757,103
Noninterest income                            4,387,151      4,392,973      4,945,426      4,166,842      3,681,537
Noninterest expense                          13,114,649     12,571,337     12,589,157     11,239,150      9,822,244
Net income                                    3,548,248      3,569,404      3,475,937      3,773,433      2,709,296
PER SHARE DATA
Net income:
  Basic                                    $       3.50   $       3.58   $       3.54   $       3.87   $       2.76
  Diluted                                          3.32           3.43           3.42           3.79           2.73
Dividends declared                                  .74            .62            .54            .44            .36
Book value(1)                              $      34.78   $      33.31   $      31.01   $      29.18   $      23.78
Weighted average shares outstanding:
  Basic                                       1,013,315        997,506        983,281        974,424        980,513
  Diluted                                     1,068,145      1,041,743      1,017,693        994,402        992,183
SELECTED ACTUAL YEAR-END BALANCES
Total assets                               $477,391,032   $444,021,124   $425,150,441   $411,818,589   $366,713,993
Loans(2)                                    256,032,529    240,841,300    217,093,718    221,581,298    200,403,739
Allowance for loan losses                     2,002,059      2,692,903      2,697,139      2,409,446      2,224,352
Securities(3)                               181,868,873    167,689,311    179,220,703    146,751,455    128,728,724
Deposits                                    401,996,154    375,244,420    360,920,884    350,989,837    322,100,723
Borrowings                                   35,502,276     31,346,973     29,822,967     28,229,378     18,724,629
Stockholders' equity                         35,616,201     33,517,619     30,731,413     28,539,703     23,387,722
SELECTED AVERAGE BALANCES
Assets                                     $452,316,301   $435,058,917   $419,792,504   $386,756,592   $355,436,082
Deposits                                    378,945,835    370,734,447    358,825,143    332,575,791    312,201,804
Stockholders' equity                         34,716,270     32,073,636     29,447,616     25,944,619     22,460,275
FINANCIAL RATIOS
Return on average assets                            .78%           .82%           .83%           .98%           .76%
Return on average equity                          10.22          11.13          11.80          14.54          12.06
Average equity to average assets                   7.68           7.37           7.01           6.71           6.32
Dividend payout ratio(4)                          21.14          17.32          15.25          11.37          13.04
===================================================================================================================
</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) Includes loans held for sale.

(3) Includes equity securities.

(4) 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
(together, "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 27 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, 2005. 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 Department of Financial and Professional Regulation, the Financial
Accounting Standards Board (FASB), the Public Company Accounting Oversight Board
(PCAOB) and the Securities and Exchange Commission (SEC) 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, 2005, was $3,548,248 compared
with $3,569,404 for the year ended December 31, 2004, and $3,475,937 for the
year ended December 31, 2003.

                                        5
<PAGE>

Return on average assets was .78% for the year ended December 31, 2005, .82% for
the year ended December 31, 2004 and .83% for the year ended December 31, 2003.
Return on average equity was 10.22% for the year ended December 31, 2005, 11.13%
for the year ended December 31, 2004 and 11.80% for the year ended December 31,
2003.

     Basic net income per share for the year ended December 31, 2005 decreased
slightly to $3.50 per share from $3.58 for the year ended December 31, 2004.
Basic net income per share totaled $3.54 for the year ended December 31, 2003.
Diluted net income per share for the year ended December 31, 2005 decreased to
$3.32 per share from $3.43 for the year ended December 31, 2004. Diluted net
income per share totaled $3.42 for the year ended December 31, 2003.

     The modest decrease in net income for the year ended December 31, 2005
compared to the year ended December 31, 2004 was primarily the result of a
modest decrease in net interest income and an increase in noninterest expense,
partially offset by a decrease in the provision for loan losses. During 2005,
management of West Pointe continued its resolve to improve the quality of the
loan portfolio, the outcome of which resulted in a substantial reduction in the
provision for loan losses. Nonperforming loans decreased significantly from
December 31, 2004 to December 31, 2005. This decrease was primarily attributable
to the liquidation of loans to two borrowers. The modest increase in net income
for the year ended December 31, 2004 compared to the year ended December 31,
2003 was primarily the result of an increase in net interest income, a decrease
in the provision for loan losses offset by a decrease in noninterest income.

     At December 31, 2005, West Pointe reported total assets of $477,391,032, an
increase of 7.5% from $444,021,124 at December 31, 2004. This increase resulted
primarily from growth in loans and an increase in the volume of securities. The
growth in these areas was funded primarily by increases in deposits and
repurchase agreements.

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. Reference is made to the following two tables, which present West
Pointe's average balance sheet and volume and rate change analysis for each of
the three years ended December 31, 2005, 2004 and 2003.

     Net interest income for the year ended December 31, 2005 was $14,169,124
compared to $14,282,273 for the year ended December 31, 2004. Net interest
income for the year ended December 31, 2003, was $14,144,228. During 2003 and
the first half of 2004, the Federal Reserve Bank continued its trend, initiated
in 2001, of reducing the federal funds rate in an effort to stimulate the
economy. The year 2003 ended with a federal fund rate of 1.00%. These declines
in interest rates brought about increased prepayments on both loans and
securities. In addition, the interest rates on variable rate loans were reset to
the lower market interest rates. These factors combined to cause a reduction in
interest income, which was more than offset by the decline in interest expense.
This expense reduction primarily resulted from repayment of higher-cost
deposits. During the last half of 2004, the Federal Reserve Bank began to
increase the federal funds rate. By year-end 2004, the federal funds rate
reached a level of 2.25%, an increase of 125 basis points over the year-end 2003
level. During 2005, the Federal Reserve Bank continued its trend, initiated in
2004, of increasing the federal funds rate. By year-end 2005, the federal funds
rate reached a level of 4.25%, an increase of 200 basis points over the year-end
2004 level. The increases in interest rates have decreased prepayments on loans
and securities and have contributed to reduced levels of loan refinancing
activities. Further increases in the federal funds

                                        6
<PAGE>

rate during 2006 may be dependent upon several factors including, but not
limited to, the level of inflation and its impact on the U.S. economy. During
the year ended December 31, 2005 compared to the year ended December 31, 2004,
net interest income decreased $871,457 as a result of the interest rate
environment. This decrease occurred as the interest rates earned on interest
earning assets increased at a slower pace than the interest rates paid on
interest bearing liabilities. During the year ended December 31, 2004 compared
to the year ended December 31, 2003, net interest income decreased $636,111 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, 2005, the average balance of interest
earning assets increased $16,163,457 compared to the year ended December 31,
2004, which resulted in an increase in tax-equivalent interest income of
$1,293,499. The increase in the average balance of interest earning assets was
principally attributable to increases in the volume of loans, non-taxable
securities and interest earning due from bank balances. These increases were
partially offset by a decrease in taxable securities. Changes in yields on
interest earning assets increased tax-equivalent interest income by $1,170,556.
The yield on the loan portfolio increased 37 basis points for the year ended
December 31, 2005, compared to the year ended December 31, 2004. This increase
occurred as a result of changes in the prime lending rate, which increased from
5.25% at December 31, 2004 to 7.25% at December 31, 2005. While certain loans in
the commercial and real estate loan portfolios reprice 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 increased
16 basis points during the year ended December 31, 2005, compared to the year
ended December 31, 2004. During 2005, West Pointe continued to receive
prepayments on those securities. The proceeds from certain of those prepayments,
along with proceeds from certain taxable securities sold or matured were
reinvested at slightly higher interest rates. As the overall interest rate
environment began to increase during the latter part of 2004 and continued to
increase throughout 2005, 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 continued, in
2005, to purchase securities with shorter average lives. The yield on tax-exempt
securities decreased 22 basis points during the year ended December 31, 2005
compared to the year ended December 31, 2004. This decrease was primarily the
result of sales of tax-exempt securities with higher rates.

     During the year ended December 31, 2004, the average balance of interest
earning assets increased $14,866,435 compared to the year ended December 31,
2003, which resulted in an increase in tax-equivalent interest income of
$961,049. The increase in the average balance of interest earning assets was
principally attributable to increases in the volume of loans and securities.
Changes in yields on interest earning assets decreased tax-equivalent interest
income by $1,449,146. The yield on the loan portfolio decreased 59 basis points
for the year ended December 31, 2004 compared to the year ended December 31,
2003. This decrease occurred despite the fact that the prime lending rate
increased from 4.00% at December 31, 2003 to 5.25% at December 31, 2004. The
yield on taxable securities remained stable during the year ended December 31,
2004 compared to the year ended December 31, 2003. However, West Pointe
continued to receive prepayments on those securities. The proceeds from those
prepayments, along with proceeds from taxable securities called for redemption,
sold or matured were reinvested at comparable interest rates. The yield on
tax-exempt securities decreased 36 basis points during the year ended December
31, 2004 compared to the year ended December 31, 2003. This decrease was
primarily the result of purchases of tax-exempt securities at lower rates.

     The average balance of interest bearing liabilities increased $10,892,087
for the year ended December 31, 2005 compared to the year ended December 31,
2004. This increase included an

                                        7
<PAGE>

increase of $4,591,357 in average interest bearing deposits. The majority of
this increase was attributable to an increase in the average balance of savings
and money market deposits. Average savings and money market deposits increased
$17,898,015 for the year ended December 31, 2005 compared to the year ended
December 31, 2004. This increase was partially offset by a decrease in the
average balance of interest bearing demand deposits of $14,274,834 at December
31, 2005 compared to December 31, 2004. The increase in the average balance of
savings and money market deposits and the decrease in the average balance of
interest bearing demand deposits was due, in part, to the daily transfer of
certain account balances from interest bearing demand deposits to savings
deposits, which is discussed further under "Deposits." The increase in the
average balance of interest bearing liabilities from the year ended December 31,
2004 to the year ended December 31, 2005 also includes an increase of $6,300,730
in average borrowings. Average borrowings for the year ended December 31, 2005
included other short-term borrowings, Federal Home Loan Bank advances and
subordinated debentures. The increase in average borrowings is discussed under
"Borrowings." The increase in the average balance of interest bearing
liabilities for the year ended December 31, 2005, compared to the year ended
December 31, 2004, resulted in an increase in interest expense of $535,191. The
average rate paid on total interest bearing liabilities increased 64 basis
points for the year ended December 31, 2005, compared to the year ended December
31, 2004. This increase resulted in an increase in interest expense of
$2,042,013.

     The average balance of interest bearing liabilities increased $6,921,540
for the year ended December 31, 2004 compared to the year ended December 31,
2003. This increase included an increase of $6,415,434 in average interest
bearing deposits. The majority of this increase was attributable to increases in
the average balance of interest bearing demand deposits and time deposits.
Average interest bearing demand deposits and time deposits increased $2,105,370
and $5,276,636, respectively, for the year ended December 31, 2004 compared to
the year ended December 31, 2003. Management believes that continued skepticism
surrounding the performance of the stock market, evident during 2004 as well as
the past few years, resulted in customers desiring to retain funds in 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, 2003 to the year ended December 31, 2004 also
includes an increase of $506,106 in average borrowings. Average borrowings for
the year ended December 31, 2004 included other short-term borrowings, Federal
Home Loan Bank advances and subordinated debentures. The increase in average
borrowings is discussed under "Borrowings." The increase in the average balance
of interest bearing liabilities for the year ended December 31, 2004, compared
to the year ended December 31, 2003, resulted in an increase in interest expense
of $186,893. The average rate paid on total interest bearing liabilities
decreased 21 basis points for the year ended December 31, 2004, compared to the
year ended December 31, 2003. This decrease resulted in a decrease in interest
expense of $813,035.

     During 2005, West Pointe's net interest margin was 3.38% compared to 3.55%
and 3.65% in 2004 and 2003, respectively. The interest rate spread was 3.08% for
2005, which compares to 3.33% and 3.45% for 2004 and 2003, respectively.
Interest rate trends had a significant impact on West Pointe's yields and costs
during the period from 2003 through 2005. The continuing compression in the net
interest margin during 2005, compared to 2004 and 2003, occurred as the cost of
interest bearing liabilities increased at a faster pace than the yields on
interest earning assets. In addition to the higher interest rate environment
experienced in 2005, 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>
                                                          2005                                   2004
                                          ---------------------------------------------------------------------------
                                                                       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          $  8,234,147   $   272,498    3.31%    $  5,221,053   $    67,207    1.29%
 Loans(1)(2)(3)                            250,625,438    16,399,033    6.54      227,023,334    13,996,939    6.17
 Taxable securities(4)(5)                  117,989,363     4,251,695    3.60      133,069,241     4,573,127    3.44
 Non-taxable securities(4)(6)               41,943,311     2,361,180    5.63       37,315,174     2,183,078    5.85
---------------------------------------------------------------------------------------------------------------------
    Total interest earning assets          418,792,259    23,284,406    5.56      402,628,802    20,820,351    5.17
=====================================================================================================================
Noninterest earning assets:
 Cash and due from banks                     9,955,974                             10,261,971
 Bank premises and equipment                12,122,280                             12,040,217
 Other assets                               13,890,985                             13,003,528
 Allowance for loan losses                  (2,445,197)                            (2,875,601)
---------------------------------------------------------------------------------------------------------------------
    Total Assets                          $452,316,301                           $435,058,917
=====================================================================================================================
LIABILITIES AND
 STOCKHOLDERS' EQUITY
Interest bearing liabilities:
 Interest bearing demand deposits         $ 21,149,415   $   180,153     .85%    $ 35,424,249   $   136,501     .39%
 Savings and money market deposits         133,924,966     1,745,630    1.30      116,026,951     1,115,744     .96
 Time deposits                             177,553,256     5,913,088    3.33      176,585,080     4,618,677    2.62
 Other short-term borrowings                23,532,974       684,242    2.91       22,049,194       363,044    1.65
 Federal Home Loan Bank advances               450,625        13,875    3.08        5,464,795       281,229    5.15
 Subordinated debentures                    10,310,000       578,294    5.61          478,880        22,883    4.78
---------------------------------------------------------------------------------------------------------------------
    Total interest bearing liabilities     366,921,236     9,115,282    2.48      356,029,149     6,538,078    1.84
---------------------------------------------------------------------------------------------------------------------
Noninterest bearing liabilities:
 Demand deposits                            46,318,198                             42,698,167
 Other liabilities                           4,360,597                              4,257,965
---------------------------------------------------------------------------------------------------------------------
    Total Liabilities                      417,600,031                            402,985,281
 Stockholders' equity                       34,716,270                             32,073,636
---------------------------------------------------------------------------------------------------------------------
    Total Liabilities and Stockholders'
      Equity                              $452,316,301                           $435,058,917
=====================================================================================================================
Net interest income                                      $14,169,124                            $14,282,273
=====================================================================================================================
Interest rate spread                                                    3.08%                                  3.33%
=====================================================================================================================
Net interest margin                                                     3.38%                                  3.55%
=====================================================================================================================

<Caption>
                                                          2003
                                          ------------------------------------
                                                                       AVERAGE
                                            AVERAGE                    YIELD/
                                            BALANCE       INTEREST      COST
------------------------------------------------------------------------------
<S>                                       <C>            <C>           <C>
ASSETS
Interest earning assets:
 Interest bearing due from banks          $  9,864,786   $    96,984     .98%
 Loans(1)(2)(3)                            218,459,617    14,775,809    6.76
 Taxable securities(4)(5)                  125,078,434     4,303,341    3.44
 Non-taxable securities(4)(6)               34,359,530     2,132,314    6.21
------------------------------------------------------------------------------
    Total interest earning assets          387,762,367    21,308,448    5.50
==============================================================================
Noninterest earning assets:
 Cash and due from banks                     9,557,400
 Bank premises and equipment                12,030,971
 Other assets                               13,156,962
 Allowance for loan losses                  (2,715,196)
------------------------------------------------------------------------------
    Total Assets                          $419,792,504
==============================================================================
LIABILITIES AND
 STOCKHOLDERS' EQUITY
Interest bearing liabilities:
 Interest bearing demand deposits         $ 33,318,879   $   156,706     .47%
 Savings and money market deposits         116,993,523     1,260,031    1.08
 Time deposits                             171,308,444     5,095,907    2.97
 Other short-term borrowings                22,324,845       364,094    1.63
 Federal Home Loan Bank advances             5,161,918       287,482    5.57
 Subordinated debentures                            --            --      --
------------------------------------------------------------------------------
    Total interest bearing liabilities     349,107,609     7,164,220    2.05
------------------------------------------------------------------------------
Noninterest bearing liabilities:
 Demand deposits                            37,204,297
 Other liabilities                           4,032,982
------------------------------------------------------------------------------
    Total Liabilities                      390,344,888
 Stockholders' equity                       29,447,616
------------------------------------------------------------------------------
    Total Liabilities and Stockholders'
      Equity                              $419,792,504
==============================================================================
Net interest income                                      $14,144,228
==============================================================================
Interest rate spread                                                    3.45%
==============================================================================
Net interest margin                                                     3.65%
==============================================================================
</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) Includes loans held for sale.

(3) 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 $34,768, $18,729
    and $11,787 for 2005, 2004 and 2003, respectively. The tax-equivalent
    adjustment amounted to $69,587, $68,292 and $79,843 for 2005, 2004 and 2003,
    respectively.

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

(5) Includes Federal Home Loan Bank stock.

(6) 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 $162,437, $111,261
    and $116,467 for 2005, 2004 and 2003, respectively. The tax-equivalent
    adjustment amounted to $695,591, $668,813 and $648,117 for 2005, 2004 and
    2003, respectively.

                                        9
<PAGE>

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

<Table>
<Caption>
                                                2005 COMPARED WITH 2004                  2004 Compared With 2003
                                             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        $   55,155    $  150,136    $  205,291    $(54,176)   $    24,399    $ (29,777)
  Loans(2)                                1,511,273       890,821     2,402,094     563,486     (1,342,356)    (778,870)
  Taxable securities                       (535,854)      214,422      (321,432)    274,622         (4,836)     269,786
  Non-taxable securities(3)                 262,925       (84,823)      178,102     177,117       (126,353)      50,764
-----------------------------------------------------------------------------------------------------------------------
      Total interest earning assets       1,293,499     1,170,556     2,464,055     961,049     (1,449,146)    (488,097)
-----------------------------------------------------------------------------------------------------------------------
Interest paid on:
  Interest bearing demand deposits          (71,635)      115,287        43,652       9,438        (29,643)     (20,205)
  Savings and money market deposits         190,626       439,260       629,886     (10,330)      (133,957)    (144,287)
  Time deposits                              25,459     1,268,952     1,294,411     153,112       (630,342)    (477,230)
  Short-term borrowings                      25,942       295,256       321,198      (4,520)         3,470       (1,050)
  Federal Home Loan Bank advances          (185,949)      (81,405)     (267,354)     16,310        (22,563)      (6,253)
  Subordinated debentures                   550,748         4,663       555,411      22,883             --       22,883
-----------------------------------------------------------------------------------------------------------------------
      Total interest bearing
        liabilities                         535,191     2,042,013     2,577,204     186,893       (813,035)    (626,142)
-----------------------------------------------------------------------------------------------------------------------
Net interest income                      $  758,308    $ (871,457)   $ (113,149)   $774,156    $  (636,111)   $ 138,045
=======================================================================================================================
</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 $1,295 for 2005 compared with 2004 and a decrease of $11,551 for
    2004 compared with 2003.

(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 an
    increase of $26,778 for 2005 compared with 2004 and an increase of $20,696
    for 2004 compared with 2003.

  PROVISION FOR LOAN LOSSES

     The provision for loan losses is the charge to earnings that management
determines to be necessary to maintain the adequacy of the allowance for loan
losses. 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, 2005 decreased to
$2,000, compared with $658,000 and $1,213,000 in the years ended December 31,
2004 and 2003, respectively. The decrease in the provision for loan losses for
the year ended December 31, 2005 compared to the year ended December 31, 2004
was primarily attributable to a substantial decrease in nonperforming and
impaired loans during 2005. In addition, during 2005 and as a result of
management's continuing allowance for loan loss methodology review, West Pointe
determined that a reserve associated with the possible closure of Scott Air
Force Base was no longer necessary. During 2005, the U. S. Department of Defense
through the Base Realignment and Closure (BRAC) Commission determined that,
unlike several other military bases, Scott Air Force Base was not to be
considered for closure. In West Pointe's market area, Scott Air Force Base is
vital to the economy. As such, closure of the base could have resulted in
additional loan loss exposure to West Pointe. During 2005, the impact on the
provision for loan losses that resulted from these items was partially offset by
net loans charged off. During the latter part of 2004 and throughout 2005,
management continued to monitor and evaluate the Company's allowance for loan
loss methodology. That review included a thorough evaluation of selected credits
with heightened risk or inherent losses. The results of that review also
contributed to the reduced provision for loan losses recorded during 2005
compared to 2004. The provisions for loan losses recorded during 2005 and 2004
were recorded during the first nine months of those years. The results of the
allowance for loss methodology review and the evaluation of the credit quality

                                        10
<PAGE>

of the loan portfolio, in general, resulted in no provisions for loan losses
being recorded during the fourth quarters of 2005 or 2004. 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, 2005 was $4,008,635, compared with $4,078,925 and $4,316,108 in the
years ended December 31, 2004 and 2003, respectively. Total noninterest income
as a percentage of average assets was .97%, 1.01% and 1.18% for the years ended
December 31, 2005, 2004 and 2003, respectively.

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

<Table>
<Caption>
                                                                  Year Ended December 31,
                                                           --------------------------------------
                                                              2005          2004          2003
-------------------------------------------------------------------------------------------------
<S>                                                        <C>           <C>           <C>
Service charges on deposits                                $1,383,815    $1,531,329    $1,331,403
Mortgage banking                                              375,023       461,206       865,375
Trust fees                                                    691,856       674,723       694,157
Brokerage and insurance service                               373,254       369,697       331,532
Credit card income                                            405,641       402,872       378,317
Earnings on cash surrender value of life insurance            308,000       428,068       488,087
Gain on sale of securities, net                               378,516       314,048       629,318
Gain on sale of credit card portfolio                         191,221            --            --
Other                                                         279,825       211,030       227,237
-------------------------------------------------------------------------------------------------
  Total noninterest income                                 $4,387,151    $4,392,973    $4,945,426
=================================================================================================
</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 represent the largest component of
noninterest income. Service charges on deposits totaled $1,383,815 for the year
ended December 31, 2005 compared to $1,531,329 and $1,331,403 for the years
ended December 31, 2004 and December 31, 2003, respectively. The decrease for
the year ended December 31, 2005 compared to the year ended December 31, 2004
was primarily attributable to decreases in charges for insufficient funds and
overdrafts coupled with decreases resulting from a reduction in the volume of
service charges on business deposit accounts. Many of West Pointe's commercial
deposit accounts receive an earnings credit on balances maintained. These
earnings credits are used to reduce scheduled service charges and increase or
decrease as interest rates rise or fall. As a result of the higher interest rate
environment experienced in 2005, these earnings credits increased, thus reducing
the level of service charges being assessed. The increase for the year ended
December 31, 2004 compared to the year ended December 31, 2003 was primarily
attributable to an increase in charges for insufficient funds and overdrafts
coupled with increases in various service charges that resulted from an analysis
of the Company's service charge schedule. The results of that analysis,
completed during the fourth quarter of 2003, were implemented on January 1,
2004.

     Mortgage banking income totaled $375,023 for the year ended December 31,
2005, compared to $461,206 and $865,375 for the years ended December 31, 2004
and December 31, 2003, respectively. Mortgage banking income includes mortgage
origination fees, mortgage servicing and miscellaneous fees, and gains or losses
on the sale of mortgage loans. The level of mortgage banking income decreased
18.7% for the year ended December 31, 2005 compared to the year ended December
31, 2004 and decreased 46.7% for the year ended December 31, 2004 compared to
the year ended December 31, 2003. The mortgage loan sales volume depends heavily
on the prevailing interest rates and the strength of the local real estate
market. The lower levels of

                                        11
<PAGE>

mortgage banking income for the years ended December 31, 2005 and December 31,
2004 were reflective of the higher interest rate environment that existed during
those years. The higher level of mortgage banking income recorded during the
year ended December 31, 2003 was indicative of the lower interest rate
environment that characterized that year. A rising interest rate environment, as
experienced in 2005 and the latter half of 2004, tends to decrease mortgage loan
production and mortgage refinancing activity. Conversely, a decreasing interest
rate environment tends to increase these activities. The majority of mortgage
loans originated by West Pointe are sold into the secondary market with
servicing rights retained in certain cases. West Pointe management anticipates
that mortgage banking activities will continue at lower levels during 2006.

     Income from trust fees totaled $691,856 for the year ended December 31,
2005 compared to $674,723 and $694,157 for the years ended December 31, 2004 and
December 31, 2003, respectively. Income from trust fees is derived primarily
from administration of estates, personal trusts and investment management
agencies. The modest increase in income from trust fees for the year ended
December 31, 2005 compared to the year ended December 31, 2004 was primarily due
to the receipt of one-time fees charged in connection with the administration of
certain trusts.

     Income from brokerage and insurance services totaled $373,254 for the year
ended December 31, 2005 compared to $369,697 and $331,532 for the years ended
December 31, 2004 and December 31, 2003, respectively, and remained relatively
stable for those years compared. During the past several years, through an
arrangement with Raymond James Financial Services, Inc., member NASD and SIPC,
West Pointe has expanded its product line to include additional investment
opportunities. Products available through the brokerage and insurance service
function include stocks, bonds, mutual funds, annuities and other non-deposit
investment products.

     Credit card income totaled $405,641 for the year ended December 31, 2005
compared to $402,872 and $378,317 for the years ended December 31, 2004 and
December 31, 2003, 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, 2005 compared to the year ended
December 31, 2004. Credit card income increased $24,555 for the year ended
December 31, 2004, compared to the year ended December 31, 2003. This increase
was partially due to higher levels of merchant processing fees for credit card
transactions and additional interchange fees received on transactions of West
Pointe's cardholders. At the end of the third quarter of 2005, West Pointe sold
its credit card portfolio to an unaffiliated third party. The decision to sell
the portfolio was based, in part, on management's analysis of the program's
level of contribution to West Point's earnings. The sale was completed following
the purchaser's due diligence examination and the execution of a definitive
agreement. A gain of $191,221 was recognized on the sale of the portfolio.
Notwithstanding the sale, West Pointe will continue to receive a portion of the
interchange revenues on credit cards issued by the purchaser. In addition, the
sale is not expected to diminish West Pointe's interchange revenues on debit
cards.

     During the year ended December 31, 2005, West Pointe recorded an increase
in cash surrender value of life insurance of $308,000 compared to $428,068 and
$488,087 for the years ended December 31, 2004 and December 31, 2003,
respectively. These cash surrender value increases relate to various bank owned
life insurance (BOLI) policies. Certain of the BOLI policies were purchased in
connection with West Pointe's director fee deferral program and West Pointe's
salary continuation agreements which have been established with various Company
officers. The remaining BOLI policies were purchased in connection with the
Company's split dollar agreements with certain Company officers and other
employee benefit programs. 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. The reduced level of the cash surrender
value increase from the year ended December 31, 2004 to the year ended December
31, 2005 was primarily due to the write-down of the carrying value of an
insurance policy to its
                                        12
<PAGE>

appropriate cash surrender value. The subject insurance policy is associated
with a split dollar agreement executed in 2000 by and between the Company and an
officer of the Company. The reduced level of the cash surrender value increase
from the year ended December 31, 2003 to the year ended December 31, 2004 was
primarily the result of interest rate reductions on certain of the BOLI
policies.

     Net securities gains totaled $378,516 for the year ended December 31, 2005
compared to $314,048 and $629,318 for the years ended December 31, 2004 and
December 31, 2003, respectively. Available for sale securities transactions are
an integral part of balance sheet and interest rate risk management activities
and result in gains or losses being realized from the sale of such securities.
Net securities gains recorded during the years ended December 31, 2005 and
December 31, 2004 resulted from management's decision to sell certain securities
due to favorable market conditions. Net securities gains recorded during the
year ended December 31, 2003 resulted from management's decisions to decrease
interest income on non-taxable securities to minimize alternative minimum tax
positions and to reconfigure certain segments of the securities portfolio to
limit potential interest rate risk that could result from a rising interest rate
environment, as described under "Net Interest Income." West Pointe management
believes that the securities portfolio is presently structured to minimize
interest rate risk that can 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 $279,825 for
the year ended December 31, 2005 compared to $211,030 and $227,237 for the years
ended December 31, 2004 and December 31, 2003, respectively. The increase in for
the year ended December 31, 2005 compared to the year ended December 31, 2004
primarily resulted from an increase in fee income earned in connection with the
issuance of West Pointe's money orders and other official checks. These money
orders and official checks are drawn on another financial institution and West
Pointe receives commission fee income based on the float associated with those
items. The decrease for the year ended December 31, 2004 compared to the year
ended December 31, 2003 resulted from modest declines in a number of categories
of other noninterest income.

  NONINTEREST EXPENSE

     Noninterest expense increased to $13,114,649 for the year ended December
31, 2005 compared with $12,571,337 and $12,589,157 for the years ended December
31, 2004 and 2003, respectively. The increase for the year ended December 31,
2005 compared to the year ended December 31, 2004 was attributable to increases
in employee compensation and benefits, net occupancy expenses, legal and
professional fees, data processing expenses, advertising expenses and other
noninterest expenses, partially offset by a modest decrease in furniture and
equipment expenses. The modest decrease for the year ended December 31, 2004
compared to the year ended December 31, 2003 was primarily attributable to a
decrease in legal and professional fees, partially offset by increases in
employee compensation and benefits, furniture and equipment and other
noninterest expenses. Noninterest expense as a percentage of average assets was
2.90%, 2.89% and 3.0% for the years ended December 31, 2005, 2004 and 2003,
respectively.

                                        13
<PAGE>

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

<Table>
<Caption>
                                                                 Year Ended December 31,
                                                        -----------------------------------------
                                                           2005           2004           2003
-------------------------------------------------------------------------------------------------
<S>                                                     <C>            <C>            <C>
Employee compensation and benefits                      $ 6,964,304    $ 6,696,338    $ 6,530,843
Occupancy, net                                              805,354        729,936        730,497
Furniture and equipment                                     732,345        803,270        679,766
Legal and professional fees                                 718,277        636,225      1,071,471
Data processing                                             499,245        461,601        459,832
Advertising                                                 477,805        419,565        399,278
Other                                                     2,917,319      2,824,402      2,717,470
-------------------------------------------------------------------------------------------------
       Total noninterest expense                        $13,114,649    $12,571,337    $12,589,157
=================================================================================================
</Table>

     Employee compensation and benefits is the largest component of noninterest
expense representing approximately 53% of total noninterest expense for the year
ended December 31, 2005. Expenses associated with employee compensation and
benefits totaled $6,964,304 for the year ended December 31, 2005 compared to
$6,696,338 and $6,530,843 for the years ended December 31, 2004 and December 31,
2003, respectively. The increase in employee compensation and benefits for the
year ended December 31, 2005 compared to the year ended December 31, 2004
primarily reflected the cost of normal merit increases and increased medical
insurance benefit costs. The increase in employee compensation and benefits for
the year ended December 31, 2004 compared to the year ended December 31, 2003
primarily reflected the cost of normal merit increases, increased medical
insurance benefit costs, and increased costs associated with the salary
continuation agreements established for various company officers. West Pointe
had 121 full-time equivalent employees at December 31, 2005, compared to 119 and
131, respectively, at December 31, 2004 and 2003.

     Net occupancy expenses totaled $805,354 for the year ended December 31,
2005 compared to $729,936 and $730,497 for the years ended December 31, 2004 and
December 31, 2003, respectively. The increase in occupancy expenses for the year
ended December 31, 2005 compared to the year ended December 31, 2004 primarily
resulted from increased real estate taxes and utility costs associated with the
Company's banking locations.

     Furniture and equipment expenses totaled $732,345 for the year ended
December 31, 2005 compared to $803,270 and $679,766 for the years ended December
31, 2004 and December 31, 2003, respectively. The decrease in furniture and
equipment expenses for the year ended December 31, 2005 compared to the year
ended December 31, 2004 was primarily attributable to reduced depreciation
expenses as well as reduced equipment rent and maintenance expenses. The
increase in furniture and equipment expenses for the year ended December 31,
2004 compared to the year ended December 31, 2003 was primarily attributable to
depreciation expenses associated with the Company's technology hardware as well
as other furniture and equipment.

     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 the defense of various lawsuits of which the
Company is a party to in the ordinary course of business. Legal and professional
fees totaled $718,277 for the year ended December 31, 2005, compared to
$636,225, and $1,071,471 for the years ending December 31, 2004 and December 31,
2003, respectively. The increase in legal and professional fees for the year
ended December 31, 2005 compared to the year ended December 31, 2004 primarily
resulted from increased legal fees incurred on various corporate matters. The
decrease in legal and professional fees for the year ended December 31, 2004
compared to the year ended December 31, 2003 was primarily attributable to the
recovery of

                                        14
<PAGE>

approximately $501,000 from the Company's insurance carrier of legal fees
previously paid in connection with certain lawsuits of which the Company was a
party to. The recovery resulted from the settlement of various lawsuits in 2004.
During 2005, West Pointe would have incurred a substantial decrease in legal and
professional fees compared to 2004 had the aforementioned recovery not been
received.

     Data processing expenses totaled $499,245 for the year ended December 31,
2005 compared to $461,601 and $459,832 for the years ended December 31, 2004 and
December 31, 2003, respectively. The modest increases for the periods compared
resulted from normal growth in operations. West Pointe currently employs the
services of an outside provider for its data processing needs.

     Advertising expenses totaled $477,805 for the year ended December 31, 2005
compared to $419,565 and $399,278 for the years ended December 31, 2004 and
December 31, 2003, respectively. The increases resulted from expanded media
advertising activities in areas served by West Pointe's banking centers.

     Other noninterest expense includes such items as FDIC insurance premiums,
mortgage banking expenses, contributions, telephone expenses, postage costs,
certain credit card program expenses, foreclosed property expenses and other
miscellaneous expenses. Other noninterest expense totaled $2,917,319 for the
year ended December 31, 2005 compared to $2,824,402 and $2,717,470 for the years
ended December 31, 2004 and December 31, 2003, respectively. The increases for
the year ended December 31, 2005 compared to the year ended December 31, 2004
and for the year ended December 31, 2004 compared to the year ended December 31,
2003 were primarily attributable to expenses associated with certain
non-performing assets.

     West Pointe recorded income tax expense of $1,126,200 for the year ended
December 31, 2005 compared to $1,139,400 and $1,083,600 for the years ended
December 31, 2004 and December 31, 2003, respectively. The provision for income
taxes consists of both federal and state income taxes. The modest increase in
income tax expense for the year ended December 31, 2004 compared to the year
ended December 31, 2003 was primarily attributable to an increased level of
income before income taxes. The effective income tax rates remained stable at
24.1%, 24.2% and 23.8% for the years ended December 31, 2005, 2004 and 2003,
respectively.

FINANCIAL CONDITION

  GENERAL

     Total assets at December 31, 2005 increased $33,369,908 to $477,391,032
compared with $444,021,124 at December 31, 2004. This increase primarily
resulted from increases in the volume of loans and securities. These increases
were funded primarily by an increase in deposits.

  LOANS

     Loans, including loans held for sale, are the largest classification within
earning assets of West Pointe and represented 59.8%, 56.4% and 56.3% of average
interest earning assets during the years ended December 31, 2005, 2004 and 2003,
respectively. Loans increased 6.2% to $255,699,529 at year-end 2005 from
$240,767,062 at year-end 2004. Average loans, including loans held for sale,
totaled $250,625,438 in 2005 and increased $23,602,104, or 10.4% from
$227,023,334 in 2004. The growth in average loans during 2004 was primarily
attributable to increased loan demand and continuing aggressive sales efforts in
an extremely competitive market environment. Substantially all of West Pointe's
loans were originated in its primary market territory.

                                        15
<PAGE>

     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,
                         -------------------------------------------------------------------------------------------------
                                  2005                     2004                     2003                     2002
                         -------------------------------------------------------------------------------------------------
                            AMOUNT      PERCENT      AMOUNT      PERCENT      AMOUNT      PERCENT      AMOUNT      PERCENT
--------------------------------------------------------------------------------------------------------------------------
<S>                      <C>            <C>       <C>            <C>       <C>            <C>       <C>            <C>
COMMERCIAL BORROWERS
Commercial, financial
 and agricultural        $ 65,768,521     25.7%   $ 64,073,669     26.6%   $ 55,147,337     25.5%   $ 59,685,132     27.3%
Commercial real estate     77,458,569     30.3      83,832,494     34.8      79,620,879     36.7      85,147,362     38.8
Real estate
 construction              51,568,490     20.2      30,794,287     12.8      19,489,319      9.0      11,552,620      5.3
--------------------------------------------------------------------------------------------------------------------------
Total commercial          194,795,580     76.2     178,700,450     74.2     154,257,535     71.2     156,385,114     71.4
--------------------------------------------------------------------------------------------------------------------------
CONSUMER BORROWERS
1-4 family residential
 real estate               51,722,980     20.2      51,798,164     21.5      52,059,308     24.0      50,812,257     23.2
Other consumer loans        9,180,969      3.6      10,268,448      4.3      10,438,146      4.8      11,766,777      5.4
--------------------------------------------------------------------------------------------------------------------------
Total consumer             60,903,949     23.8      62,066,612     25.8      62,497,454     28.8      62,579,034     28.6
--------------------------------------------------------------------------------------------------------------------------
     Total loans         $255,699,529    100.0%   $240,767,062    100.0%   $216,754,989    100.0%   $218,964,148    100.0%
==========================================================================================================================

<Caption>
                              December 31,
                         ----------------------
                                  2001
                         ----------------------
                            AMOUNT      PERCENT
-----------------------------------------------
<S>                      <C>            <C>
COMMERCIAL BORROWERS
Commercial, financial
 and agricultural        $ 48,560,141     24.4%
Commercial real estate     75,352,452     37.9
Real estate
 construction               9,816,970      4.9
-----------------------------------------------
Total commercial          133,729,563     67.2
-----------------------------------------------
CONSUMER BORROWERS
1-4 family residential
 real estate               53,548,197     26.9
Other consumer loans       11,699,831      5.9
-----------------------------------------------
Total consumer             65,248,028     32.8
-----------------------------------------------
     Total loans         $198,977,591    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 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

                                        16
<PAGE>

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.
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, inclusive of loans held
for sale, in 2005 was 6.54% compared to 6.17% and 6.76% in 2004 and 2003,
respectively. Overall yields on the loan portfolio trended downward from 2003 to
2004 and trended upward from 2004 to 2005 following the general level of
interest rates. West Pointe's loan portfolio yields generally tend to follow
trends in the prime lending rate. The prime lending rate declined from 4.25% at
the beginning of 2003 to a level of 4.00% at December 31, 2003. The prime
lending rate remained at the 4.00% level through June 30, 2004. Between June 30,
2004 and December 31, 2004, the prime lending rate increased five times to a
level of 5.25% at December 31, 2004. During 2005, the prime lending rate
increased eight times, reaching a level of 7.25% at December 31, 2005. The
higher level of interest rates evident during 2005 contributed to the increase
in the weighted average yield on the loan portfolio during 2005 compared to
2004. While loan yields tend to follow trends in the prime lending rate, they
may not follow simultaneously with such trends. At December 31, 2005, 29.3% 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, 2005, 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 Year      Through         After
                                      or Less       Five Years    Five Years       Total
--------------------------------------------------------------------------------------------
<S>                                 <C>            <C>            <C>           <C>
Commercial, financial and
  agricultural                     $ 35,135,796    $ 27,211,189   $ 3,421,536   $ 65,768,521
Commercial real estate               35,936,278      40,288,968     1,233,323     77,458,569
Real estate construction             35,805,918      14,639,014     1,123,558     51,568,490
1-4 family residential real estate   13,348,255      23,812,360    14,562,365     51,722,980
Other consumer loans                  2,292,318       6,491,249       397,402      9,180,969
--------------------------------------------------------------------------------------------
  Total loans                      $122,518,565    $112,442,780   $20,738,184   $255,699,529
============================================================================================
</Table>

<Table>
<Caption>
                                                                      Interest Sensitivity
                                                                --------------------------------
                                                                                   Floating or
                                                                    Fixed           Adjustable
                                                                Interest Rates    Interest Rates
------------------------------------------------------------------------------------------------
<S>                                                             <C>               <C>
Due after one year                                               $102,828,722      $30,352,242
================================================================================================
</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 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

                                        17
<PAGE>

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, 2005, and effective January 30, 2006, the statutory
legal lending limit amount for the Company's banking subsidiary to loan to one
customer was $9,441,015. West Pointe's loan portfolio does not contain any
concentrations of credit in any given industry that would cause them to be
similarly impacted by economic or other conditions.

  SECURITIES

     Securities increased $13,516,294, or 8.8% to $167,905,905 at December 31,
2005 compared to $154,389,611 at December 31, 2004. The increase in securities
primarily resulted from purchases, net of sales, maturities and payments
received on the Company's mortgage-backed securities, 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 (which we refer
to as "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.
All security purchases in 2005, 2004 and 2003 were classified as available for
sale.

     Available for sale securities are recorded at fair value. Net unrealized
losses on available for sale securities totaled $2,250,271 at December 31, 2005
compared to net unrealized gains of $217,643 at December 31, 2004. At December
31, 2005, accumulated other comprehensive losses of $1,395,168 were included in
stockholders' equity. At December 31, 2004, accumulated other comprehensive
gains of $134,939 was included in stockholders' equity. These accumulated other
comprehensive gains at December 31, 2004 and accumulated other comprehensive
losses December 31, 2005 were associated with unrealized gains and losses on
available for sale securities, net of income taxes. The change in accumulated
other comprehensive gains at December 31, 2004 to accumulated other
comprehensive losses at December 31, 2005 was primarily attributable to the
change in mix of securities and the impact of market interest rates, which
continued to trend upward in 2005.

     West Pointe management does not expect any losses to result from any
unrealized losses in the portfolio, as maturities of securities and other
funding sources should meet the Company's liquidity needs. Any losses taken will
result from strategic or discretionary decisions to adjust the securities
portfolio. Reference is made to Note 4 to the consolidated financial statements,
which provides the composition of the securities portfolio for the last two
years.

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

<Table>
<Caption>
                                                                 December 31,
                                                  ------------------------------------------
                                                      2005           2004           2003
--------------------------------------------------------------------------------------------
<S>                                               <C>            <C>            <C>
AVAILABLE FOR SALE SECURITIES
U.S. government agencies                          $ 12,592,707   $  3,970,000   $         --
Mortgage-backed securities                         105,830,332    108,897,319    126,843,672
Obligations of states and political subdivisions    49,482,866     41,522,292     39,856,431
--------------------------------------------------------------------------------------------
       Total available for sale                   $167,905,905   $154,389,611   $166,700,103
============================================================================================
</Table>

                                        18
<PAGE>

     The following table sets forth the maturities and weighted average yields
of each category of available for sale securities at December 31, 2005 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
U.S. government agencies      $3,987,520    2.36%    $ 8,605,187    4.76%    $        --      --%    $         --      --%
Mortgage-backed securities            --      --       1,133,577    3.42      25,340,813    3.80       79,355,942    4.21
Obligations of states and
  political subdivisions(1)    3,229,643    2.74       9,856,016    5.58       8,982,430    5.43       27,414,777    6.12
--------------------------------------------------------------------------------------------------------------------------
  Total available for sale    $7,217,163    2.53%    $19,594,780    5.09%    $34,323,243    4.23%    $106,770,719    4.70%
==========================================================================================================================
</Table>

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

     Average taxable securities, including Federal Home Loan Bank stock, totaled
$117,989,363 in 2005 compared to $133,069,241 and $125,078,434 in 2004 and 2003,
respectively. The weighted average yield on the taxable securities portfolio was
3.60% for 2005 compared to 3.44% for 2004 and 2003. Holdings of Federal Home
Loan Bank stock totaled $13,962,968 at December 31, 2005 compared to $13,299,700
at December 31, 2004. The increase in those holdings resulted from additional
shares of stock issued in connection with the Federal Home Loan Bank's dividend
reinvestment plan.

     Average non-taxable securities totaled $41,943,311 in 2005 compared to
$37,315,174 and $34,359,530 in 2004 and 2003, respectively. The weighted average
tax-equivalent yield on non-taxable securities was 5.63%, 5.85% and 6.21% during
2005, 2004 and 2003, 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, 2005, 2004 or 2003. 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
$1,631,828 at December 31, 2005 compared to $131,747 at December 31, 2004.
Average interest bearing due from bank balances totaled $8,234,147 in 2005,
compared to $5,221,053 and $9,864,786 in 2004 and 2003, respectively. The
weighted average yield on interest bearing due from bank balances was 3.31%,
1.29% and .98% during 2005, 2004 and 2003, respectively. The increases in yields
on these balances were reflective of the higher interest rate environment.

  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 7.1%, or $26,751,734, to $401,996,154 at December
31, 2005 from $375,244,420 at December 31, 2004. Noninterest bearing demand
deposit balances increased to $51,643,811 at December 31, 2005 from $45,206,286
at December 31, 2004. The majority of this increase was associated with normal
growth of operations. Interest bearing deposits increased to $350,352,343 at
December 31, 2005 from $330,038,134 at December 31, 2004. Collectively, time
deposits of $100,000 or more and time deposits less than $100,000 increased to
$182,386,361 at December 31, 2005 from $177,131,835 at December 31, 2004. The
increase in time deposits was

                                        19
<PAGE>

attributable to normal growth in operations. The higher interest rate
environment, evident during 2005, has increased customer interest in time
deposits. Interest bearing demand deposit balances decreased to $10,937,929 at
December 31, 2005 from $38,276,366 at December 31, 2004. Savings and money
market deposit account balances increased to $157,028,053 at December 31, 2005
from $114,629,933 at December 31, 2004. The decrease in interest bearing demand
deposits and the increase in savings and money market deposit account balances
primarily resulted from the daily transfer of certain account balances from
interest bearing demand deposits to savings deposits. These daily transfers are
designed to reduce reserve balances required to be maintained with the Federal
Reserve Bank. West Pointe continues to offer competitive pricing of all deposit
products within its market territory.

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

<Table>
<Caption>
                                                             December 31,
                                            -----------------------------------------------
                                                     2005                     2004
                                            -----------------------------------------------
                                               AMOUNT      PERCENT      AMOUNT      PERCENT
<S>                                         <C>            <C>       <C>            <C>
-------------------------------------------------------------------------------------------
Noninterest bearing demand deposits         $ 51,643,811     12.8%   $ 45,206,286     12.0%
Interest bearing demand deposits              10,937,929      2.7      38,276,366     10.2
Savings and money market deposits            157,028,053     39.1     114,629,933     30.6
Time deposits $100,000 or more                68,748,406     17.1      68,142,051     18.2
Time deposits less than $100,000             113,637,955     28.3     108,989,784     29.0
-------------------------------------------------------------------------------------------
  Total deposits                            $401,996,154    100.0%   $375,244,420    100.0%
===========================================================================================
</Table>

     Average total deposits increased to $378,945,835 for the year ended
December 31, 2005 compared to $370,734,447 and $358,825,143 for the years ended
December 31, 2004 and December 31, 2003, respectively. The increases in average
total deposits resulted primarily from normal growth in operations coupled with
additional public fund deposits. The average rates paid on total deposits were
2.07%, 1.58% and 1.82% for 2005, 2004 and 2003, respectively. The higher
interest rate environment in 2005 led to the increase in average rates paid in
2005 compared to 2004.

     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,
                            -----------------------------------------------------------------
                                    2005                   2004                  2003
                            -----------------------------------------------------------------
                               AMOUNT      RATE       AMOUNT      RATE       AMOUNT      RATE
<S>                         <C>            <C>     <C>            <C>     <C>            <C>
---------------------------------------------------------------------------------------------
Noninterest bearing demand
  deposits                  $ 46,318,198     --%   $ 42,698,167     --%   $ 37,204,297     --%
Interest bearing demand
  deposits                    21,149,415    .85      35,424,249    .39      33,318,879    .47
Savings and money market
  deposits                   133,924,966   1.30     116,026,951    .96     116,993,523   1.08
Time deposits                177,553,256   3.33     176,585,080   2.62     171,308,444   2.97
---------------------------------------------------------------------------------------------
  Total deposits            $378,945,835   2.07%   $370,734,447   1.58%   $358,825,143   1.82%
=============================================================================================
</Table>

                                        20
<PAGE>

     The following table sets forth the amounts and maturities of time deposits
of $100,000 or more at December 31, 2005 and December 31, 2004.

<Table>
<Caption>
                                                                    December 31,
                                                              -------------------------
                                                                 2005          2004
<S>                                                           <C>           <C>
---------------------------------------------------------------------------------------
3 months or less                                              $21,260,587   $26,148,604
Over 3 through 6 months                                        12,873,489    13,931,156
Over 6 through 12 months                                       23,107,274    16,221,766
Over 12 months                                                 11,507,056    11,840,525
---------------------------------------------------------------------------------------
  Total                                                       $68,748,406   $68,142,051
=======================================================================================
</Table>

  BORROWINGS

     Total borrowings amounted to $35,502,276 at year-end 2005, an increase of
$4,155,303 from $31,346,973 at year-end 2004. Total borrowings include
repurchase agreements, other short-term borrowings, Federal Home Loan Bank
advances and subordinated debentures. On an average basis, total borrowings
totaled $34,293,599 for 2005 compared to $27,992,869 and $27,486,763 for 2004
and 2003, respectively.

     During portions of the past three years, other short-term borrowings
consisted of repurchase agreements and a borrowing from an unaffiliated bank.
The average balance of other short-term borrowings totaled $23,532,974 for 2005
compared to $22,049,194 and $22,324,845 for 2004 and 2003, 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 2005 was primarily attributable to cash
management 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 was subsequently 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, was
subsequently renewed annually and matured on January 7, 2006, at which time
Company management decided not to renew it. In the fourth quarter of 2004, West
Pointe paid off the remaining balance of this borrowing. Also during the fourth
quarter of 2004, West Pointe entered into a pooled trust preferred security
transaction. A portion of the proceeds from that transaction were used to pay
off the borrowing under the aforementioned line of credit. More information
concerning that transaction is presented later in these discussions and in Note
11 to the Consolidated Financial Statements. The weighted average rate of
interest paid for short-term borrowings, excluding overnight Federal Home Loan
Bank advances, was 2.91%, 1.65% and 1.63% in 2005, 2004 and 2003, respectively.
The increase in the weighted average interest rate in 2005 compared to 2004 and
2003 was reflective of the higher interest rate environment.

     At year-end 2004, Federal Home Loan Bank (FHLB) advances consisted of an
overnight advance in the amount of $550,000. The overnight advance serves as a
funding alternative to federal funds purchased. West Pointe had no FHLB advances
at year-end 2005. The average

                                        21
<PAGE>

balance of Federal Home Loan Bank advances totaled $450,625 for 2005 compared to
$5,464,795 and $5,161,918 for 2004 and 2003, respectively. In addition to
overnight advances, the average balance of FHLB advances during 2004 and 2003
included one term advance in the amount of $5,000,000. That advance reflected an
interest rate of 5.63% and matured on December 13, 2004. The average rate paid
on FHLB advances totaled 3.08% for 2005 compared to 5.15% and 5.57% for 2004 and
2003, respectively.

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

<Table>
<Caption>
                                                           December 31,
                               ---------------------------------------------------------------------
                                       2005                    2004                    2003
                               ---------------------------------------------------------------------
                                 AMOUNT       RATE       AMOUNT       RATE       AMOUNT       RATE
<S>                            <C>           <C>       <C>           <C>       <C>           <C>
----------------------------------------------------------------------------------------------------
At December 31:
Repurchase agreements          $25,192,276     3.52%   $20,486,973     2.08%   $19,185,867      1.31%
Other                                   --       --             --       --      1,237,100      3.50
Federal Home Loan Bank
  advances(1)                           --       --        550,000     2.47      4,400,000      1.21
----------------------------------------------------------------------------------------------------
  Total                        $25,192,276     3.52%   $21,036,973     2.09%   $24,822,967      1.40%
====================================================================================================
For the year ended
  December 31:
Average daily balance:
Federal funds purchased        $        --       --%   $        --       --%   $    58,904      1.45%
Repurchase agreements           23,532,974     2.91     20,989,737     1.54     21,225,179      1.48
Other                                   --       --      1,059,457     3.67      1,040,762      4.79
Federal Home Loan Bank
  advances(1)                      450,625     3.08        697,035     1.42        161,918      1.28
----------------------------------------------------------------------------------------------------
  Total                        $23,983,599     2.91%   $22,746,229     1.64%   $22,486,763      1.63%
====================================================================================================
Maximum month-end balance:
Repurchase agreements          $29,477,272             $26,572,111             $24,832,508
Other                                   --               1,162,100               1,462,100
Federal Home Loan Bank
  advances(1)                    5,000,000               2,360,000               4,400,000
====================================================================================================
</Table>

(1) Includes Federal Home Loan Bank overnight advances only.

     At December 31, 2005, the Company had subordinated debentures totaling
$10,310,000. On December 15, 2004, the Company completed a private placement to
an institutional investor of $10,000,000 of floating rate trust preferred
securities, through a newly formed unconsolidated Delaware trust affiliate, West
Pointe Statutory Trust I (the "Trust"). The trust preferred securities mature in
December 2034, are redeemable at the Company's option beginning in five years,
and require quarterly distributions by the Trust to the holder of the trust
preferred securities, initially at an interest rate of 4.70%, which will reset
quarterly at the three-month LIBOR rate plus 2.25%. At December 31, 2005, the
interest rate on this instrument was 6.74%.

     The proceeds from the sale of the trust preferred securities were used by
the Trust to purchase $10,310,000 in aggregate principal amount of the Company's
floating rate junior subordinated debentures. A portion of the net proceeds to
the Company from the sale of the debentures to the Trust was used by the Company
to pay off the line of credit with an unaffiliated bank. The remainder of the
net proceeds will be used by the Company for general corporate purposes.

                                        22
<PAGE>

     The debentures were issued pursuant to a junior subordinated indenture
dated December 15, 2004 between the Company, as issuer, and Wilmington Trust
Company, as trustee. Like the trust preferred securities, the notes bear
interest at a floating rate, initially 4.70%, which will reset on a quarterly
basis at a rate equal to LIBOR plus 2.25%. The interest payments by the Company
will be used to pay the quarterly distributions payable by the Trust to the
holder of the trust preferred securities. However, so long as no event of
default has occurred under the notes, the Company may defer interest payments on
the notes (in which case the trust will be entitled to defer distributions
otherwise due on the trust preferred securities) for up to 20 consecutive
quarters.

     The debentures are subordinated to the prior payment of any other
indebtedness of the Company that, by its terms, is not similarly subordinated.
The debentures mature on December 15, 2034, but may be redeemed at the Company's
option at par at any time on or after December 15, 2009 or at any time upon
certain events, such as a change in regulatory capital treatment of the
debentures, the Trust being deemed an investment company or the occurrence of
certain adverse tax events. Except upon the occurrence of certain events
described above, the Company may redeem the debentures for their aggregate
principal amount, plus accrued interest, if any. See "Notes to Consolidated
Financial Statements-Subordinated Debentures" for additional information
concerning the Company's trust preferred securities.

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.

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

<Table>
<Caption>
                                                        December 31,
                               --------------------------------------------------------------
                                  2005         2004         2003         2002         2001
<S>                            <C>          <C>          <C>          <C>          <C>
---------------------------------------------------------------------------------------------
Nonaccrual loans               $  517,108   $3,842,710   $1,676,187   $  796,349   $  421,662
Accruing loans past due 90
  days or more                    329,449      538,199      598,363      940,555      370,080
Troubled debt restructurings           --           --           --           --      314,230
---------------------------------------------------------------------------------------------
Total nonperforming loans         846,557    4,380,909    2,274,550    1,736,904    1,105,972
Foreclosed property             1,537,757      911,400      230,000      365,000      156,153
---------------------------------------------------------------------------------------------
Total nonperforming assets     $2,384,314   $5,292,309   $2,504,550   $2,101,904   $1,262,125
=============================================================================================
Nonperforming loans to total
  loans                               .33%        1.82%        1.05%         .79%         .56%
Nonperforming assets to total
  loans and foreclosed
  property                            .93%        2.19%        1.15%         .96%         .63%
Nonperforming assets to total
  assets                              .50%        1.19%         .59%         .51%         .34%
</Table>

     Nonperforming assets decreased $2,907,995 at December 31, 2005 compared to
December 31, 2004. This decrease was due to a substantial decrease in
nonperforming loans, partially offset by an increase in foreclosed property. The
decrease in nonperforming loans at December 31, 2005, primarily related to
several loans to three borrowers. One such loan was transferred to foreclosed
                                        23
<PAGE>

property during the third quarter of 2005. Foreclosed property at December 31,
2005 consisted of three parcels of real estate. Management is in varying stages
of workout or liquidation of all nonperforming assets.

     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 $41,384 for 2005 if the loans accounted
for as nonaccrual and restructured at year-end 2005, 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 2005, $8,227
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, 2005, such loans amounted to approximately
$5,430,000.

                                        24
<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,
                                   ------------------------------------------------------------------
                                      2005          2004          2003          2002          2001
-----------------------------------------------------------------------------------------------------
<S>                                <C>           <C>           <C>           <C>           <C>
Balance at beginning of year       $2,692,903    $2,697,139    $2,409,446    $2,224,352    $1,769,693
Loans charged off:
  Commercial, financial and
     agricultural                     158,867        88,902       834,755       220,590       192,528
  Real estate:
     Commercial                       435,481       195,683        38,550       104,413         7,722
     Residential                       64,829       550,706        97,730        20,610        77,484
-----------------------------------------------------------------------------------------------------
       Total real estate              500,310       746,389       136,280       125,023        85,206
-----------------------------------------------------------------------------------------------------
  Consumer                            160,948        80,114        77,228       110,006        91,418
-----------------------------------------------------------------------------------------------------
       Total charge-offs              820,125       915,405     1,048,263       455,619       369,152
-----------------------------------------------------------------------------------------------------
Recoveries of loans previously
  charged off:
  Commercial, financial and
     agricultural                      44,555       152,734       118,114        26,802       176,843
  Real estate:
     Commercial                           822        23,874            --         7,722            --
     Residential                       60,197        66,698            --           275           150
-----------------------------------------------------------------------------------------------------
       Total real estate               61,019        90,572            --         7,997           150
-----------------------------------------------------------------------------------------------------
  Consumer                             21,707         9,863         4,842         5,914        16,818
-----------------------------------------------------------------------------------------------------
       Total recoveries               127,281       253,169       122,956        40,713       193,811
-----------------------------------------------------------------------------------------------------
Net charge-offs                       692,844       662,236       925,307       414,906       175,341
-----------------------------------------------------------------------------------------------------
Provision for loan losses               2,000       658,000     1,213,000       600,000       630,000
-----------------------------------------------------------------------------------------------------
Balance at end of year             $2,002,059    $2,692,903    $2,697,139    $2,409,446    $2,224,352
=====================================================================================================
Net loan charge-offs as a
  percent of average total
  loans                                   .28%          .29%          .42%          .20%          .09%
</Table>

     During 2005, West Pointe recorded net charge-offs of $692,844 compared to
net charge-offs of $662,236 in 2004. Net charge-offs in the commercial,
financial and agricultural segment of the portfolio totaled $114,312 in 2005
compared to net recoveries of $63,832 in 2004. Net charge-offs in 2005 in the
commercial, financial and agricultural category related to two loans to one
commercial borrower. Net charge-offs in the commercial real estate category
totaled $434,659 in 2005 compared to net charge-offs of $171,809 in 2004. The
majority of this increase was associated with a loan to one borrower. Most of
the amount charged-off in connection with this loan was included in the
allowance for loan losses at December 31, 2004. The loan was subsequently
transferred to foreclosed property. Net charge-offs in the residential real
estate category totaled $4,632 in 2005 compared to net charge-offs of $484,008
in 2004. The majority of the net charge-offs in this category in 2004 were
associated with several loans to two borrowers. Net charge-offs in the consumer
category totaled $139,241 in 2005 compared to net charge-offs of $70,251 in
2004. Net charge-offs as a percent of average total loans decreased to .28% in
2005 from .29% in 2004.

     West Pointe's allowance for loan losses declined to $2,002,059 at December
31, 2005 compared to $2,692,903 at December 31, 2004. The allowance for loan
losses is increased by the provision for loan losses and is decreased by net
loans charged-off. During the year ended December 31, 2005, the level of net
charge-offs was significantly greater than the provision for

                                        25
<PAGE>

loan losses. The impact on the allowance for loan losses that could have
resulted from such activity was more than offset by a substantial reduction in
nonperforming loans. West Pointe's allowance for loan losses at December 31,
2005, represented approximately 236% of nonperforming loans compared to 61% at
year-end 2004. The increase in the allowance for loan losses as a percentage of
nonperforming loans was attributable to a substantial decrease in nonperforming
loans in 2005. The substantial decrease in nonperforming loans was primarily
associated with the improved condition of three loans to one borrower. A
periodic review of selected credits (based on loan size and type) is conducted
to identify loans with heightened risk or inherent losses. The primary
responsibility for this review rests with the management personnel assigned with
accountability for the credit relationship and is supplemented with periodic
review by West Pointe's credit review function. Periodic examinations of both
selected credits and the credit review process by applicable regulatory agencies
is also conducted. These reviews provide information to assist management in the
timely identification of problems and potential problems and provides a basis
for deciding whether the credit represents a probable loss or risk. In addition
to the review of selected credits, the allowance for loan losses is also
reviewed on a quarterly or more frequent basis to assess the risk in the
portfolio. The methodology used to evaluate the level of the allowance for loan
losses includes the assignment of loss factors to loans with similar
characteristics for which probable losses can be assessed. These loss factors
are based on historical experience coupled with an analysis of current business
and economic conditions and are applied to the portfolio to assist in
determining the adequacy of the allowance for loan losses. Management believes
that the allowance for loan losses at December 31, 2005 was adequate to absorb
unidentified probable 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,
                       -----------------------------------------------------------------------------------------------------
                                2005                      2004                      2003                      2002
                       -----------------------------------------------------------------------------------------------------
                                      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       $  649,000      25.7%     $  769,000      26.6%     $  981,000      25.5%     $1,210,000      27.3%
Real estate:
 Commercial                811,000      30.3       1,335,000      34.8         746,000      36.7         249,000      38.8
 Residential               309,000      20.2         303,000      21.5         562,000      24.0         486,000      23.2
 Construction              122,000      20.2          54,000      12.8          65,000       9.0          31,000       5.3
----------------------------------------------------------------------------------------------------------------------------
     Total real
       estate            1,242,000      70.7       1,692,000      69.1       1,373,000      69.7         766,000      67.3
----------------------------------------------------------------------------------------------------------------------------
Consumer                   111,000       3.6         232,000       4.3         220,000       4.8         262,000       5.4
Not allocated                   --       N/A              --       N/A         123,000       N/A         171,000       N/A
----------------------------------------------------------------------------------------------------------------------------
     Total              $2,002,000     100.0%     $2,693,000     100.0%     $2,697,000     100.0%     $2,409,000     100.0%
============================================================================================================================

<Caption>
                            December 31,
                       -----------------------
                                2001
                       -----------------------
                                      PERCENT
                                      OF LOANS
                                      IN EACH
                                      CATEGORY
                                      TO TOTAL
                       ALLOWANCE(1)    LOANS
----------------------------------------------
<S>                    <C>            <C>
Commercial, financial
 and agricultural       $1,280,000      24.4%
Real estate:
 Commercial                377,000      37.9
 Residential               324,000      26.9
 Construction               49,000       4.9
----------------------------------------------
     Total real
       estate              750,000      69.7
----------------------------------------------
Consumer                   151,000       5.9
Not allocated               43,000       N/A
----------------------------------------------
     Total              $2,224,000     100.0%
==============================================
</Table>

N/A -- Not applicable

(1) Amounts rounded to nearest thousand.

CAPITAL RESOURCES AND ASSET/LIABILITY MANAGEMENT

  CAPITAL

     Total stockholders' equity increased $2,098,582 to $35,616,201 at December
31, 2005 from $33,517,619 at December 31, 2004. Net income for 2005 totaled
$3,548,248. At December 31, 2005,

                                        26
<PAGE>

total stockholders' equity included an accumulated other comprehensive loss of
$1,395,168 compared to the inclusion of accumulated other comprehensive income
of $134,939 at December 31, 2004. The change is attributable to securities gains
realized during 2005 coupled with a decrease in the market value of the
remainder of the securities portfolio. Stockholders' equity as a percent of
total assets was 7.46% at December 31, 2005 compared to 7.55% at December 31,
2004.

     In 2001, the Company adopted a Dividend Reinvestment Plan (as amended and
restated in 2005,"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. Initially,
participants in the DRIP also had the option to purchase additional shares of
the Company's common stock with cash. Effective January 1, 2006, the Company's
Board of Directors terminated the cash purchase option of the DRIP. The Company
has registered 75,000 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% and 8%, respectively. At December 31, 2005, West
Pointe's Tier 1 and Total capital ratios were 15.54% and 16.20%, 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, 2005, was 10.05%. Under present regulatory guidelines promulgated
by the federal banking regulators, the subordinated debentures issued in
December 2004 in connection with the Company's trust preferred securities
transaction qualifies for inclusion in capital for purposes of determining the
Company's Tier 1 capital, Total capital and leverage ratios. According to the
aforementioned 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.

                                        27
<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, 2005, allocated over various time frames in which the instruments are
subject to repricing.

<Table>
<Caption>
                                                                 After
                                                              Three Months         After
                                              Three             Through           One Year
                                              Months             Twelve           Through           After
                                             or Less             Months          Five Years       Five Years         Total
------------------------------------------------------------------------------------------------------------------------------
<S>                                       <C>                <C>                <C>              <C>              <C>
Interest earning assets:
  Interest bearing due from banks         $   1,631,828      $          --      $         --     $         --     $  1,631,828
  Federal Home Loan Bank Stock                       --                 --                --       13,962,968       13,962,968
  Securities(1)                              10,981,433         25,063,843        84,150,417       47,710,212      167,905,905
  Loans held for sale                           333,000                 --                --               --          333,000
  Loans(2)                                   90,187,916         56,547,059       104,310,510        4,654,044      255,699,529
------------------------------------------------------------------------------------------------------------------------------
      Total interest earning assets         103,134,177         81,610,902       188,460,927       66,327,224      439,533,230
------------------------------------------------------------------------------------------------------------------------------
Cumulative interest earning assets          103,134,177        184,745,079       373,206,006      439,533,230      439,533,230
------------------------------------------------------------------------------------------------------------------------------
Interest bearing liabilities:
  Interest bearing demand deposits           10,937,929                 --                --               --       10,937,929
  Money market deposits                      47,351,115                 --                --               --       47,351,115
  Savings deposits                          109,676,938                 --                --               --      109,676,938
  Time deposits $100,000 or more             22,352,695         35,408,853        10,986,858               --       68,748,406
  Time deposits less than $100,000           29,418,006         48,640,828        35,579,121               --      113,637,955
  Repurchase agreements                      22,133,681          1,619,631         1,438,964               --       25,192,276
  Subordinated debentures                    10,310,000                 --                --               --       10,310,000
------------------------------------------------------------------------------------------------------------------------------
      Total interest bearing liabilities    252,180,364         85,669,312        48,004,943               --      385,854,619
------------------------------------------------------------------------------------------------------------------------------
Cumulative interest bearing liabilities     252,180,364        337,849,676       385,854,619      385,854,619      385,854,619
------------------------------------------------------------------------------------------------------------------------------
Gap analysis:
  Interest sensitivity gap                $(149,046,187)     $  (4,058,410)     $140,455,984     $ 66,327,224     $ 53,678,611
==============================================================================================================================
  Cumulative interest sensitivity gap     $(149,046,187)     $(153,104,597)     $(12,648,613)    $ 53,678,611     $ 53,678,611
==============================================================================================================================
Cumulative gap ratio of interest earning
  assets to interest bearing liabilities             41%                55%               97%             114%             114%
==============================================================================================================================
</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.

     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 rates rise, fall or remain constant. These
effects typically are analyzed assuming interest rate

                                        28
<PAGE>

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, 2005, the
projected level and change in net interest income assuming interest rate
increases and decreases of 100 and 200 basis points.

<Table>
<Caption>
                                                               Net Interest Income
                    Change in                         --------------------------------------
                      Rates                           $ Amount(1)    $ Change(1)    % Change
--------------------------------------------------------------------------------------------
<S>                                                   <C>            <C>            <C>
+200 bp                                                  13,478             74        (.6)
+100 bp                                                  13,356            (48)        .4
-100 bp                                                  13,042           (362)       2.7
-200 bp                                                  12,394         (1,010)       7.5
============================================================================================
</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 18, the discussion of
"Financial Condition -- Deposits" including the table regarding average deposits
and the weighted average interest rates paid on such deposits at page 19, the
discussion of "Financial Condition -- Borrowings" including the table
summarizing certain information pertaining to short-term borrowings at page 21.
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 15. For additional
information regarding the fair value of certain of the Company's interest
sensitive instruments, see "Fair Value of Financial Instruments" at Note 17 to
the Consolidated Financial Statements at page 55.

ADOPTION OF NEW ACCOUNTING STANDARDS

     No new accounting standards were adopted in 2005 which had a material
impact on the Company's financial statements.

NEWLY ISSUED BUT NOT YET EFFECTIVE ACCOUNTING STANDARDS

     FASB Statement 123 (revised 2004), "Share-Based Payment" requires expensing
of stock options effective for years beginning after June 15, 2005. The Company
plans to adopt this standard as of January 1, 2006 and will begin expensing any
unvested stock options at that time. The Company estimates the 2006 pre-tax
compensation expense to be approximately $218,900.

     FASB Staff Position (FSP) 115-1 "The Meaning of Other-Than-Temporary
Impairment and Its Application to Certain Investments" is effective for
reporting periods after December 15, 2005. FSP 115-1 addresses the determination
as to when an investment is considered impaired, whether that impairment is
other than temporary and the measurement of an impairment loss. This FSP also
includes accounting considerations subsequent to the recognition of an
other-than-temporary impairment and requires certain disclosures about
unrealized losses that have not been recognized as other-than-temporary
impairments. The Company does not anticipate that the adoption of this standard
will have any material impact on the Company's financial condition or results of
operations.

                                        29
<PAGE>

     No other new accounting standards have been issued that are not yet
effective that are expected to have a material impact on the Company's financial
condition or results of operations.

CRITICAL ACCOUNTING POLICIES

     The accounting and reporting policies of West Pointe and its subsidiary
conform with U.S. generally accepted accounting principles 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 39. Certain accounting policies require management to make assumptions and
estimates that affect the amounts reported in the financial 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 39 and 47 for a detailed description
of our estimation processes and methodology related to the allowance for loan
losses.

  ESTIMATION OF FAIR VALUE

     U.S. generally accepted accounting principles 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 45 for further discussion of the fair
value of financial instruments.

                                        30
<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, 2005, 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              $135,820,383   $38,150,194   $8,415,784    $        --   $182,386,361
Subordinated
  debentures                     --           --            --     10,310,000     10,310,000
Operating leases             47,520        43,560           --             --         91,080
--------------------------------------------------------------------------------------------
  Total contractual
     cash obligations  $135,867,903   $38,193,754   $8,415,784    $10,310,000   $192,787,441
============================================================================================
</Table>

     Please refer to Notes 6, 7, and 11 to the Consolidated Financial Statements
at pages 48, 49 and 50 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.

                                        31
<PAGE>

     The following table presents, as of December 31, 2005 and 2004, the
Company's significant off-balance sheet commitments.

<Table>
<Caption>
                                                                    December 31,
                                                              -------------------------
                                                                 2005          2004
---------------------------------------------------------------------------------------
<S>                                                           <C>           <C>
Commitments to originate new loans                            $ 6,826,011   $18,925,736
Commitments to originate new loans held for sale                1,097,725     1,168,849
Unfunded commitments to extend credit under existing equity,
  credit card and other lines of credit                        55,337,442    56,248,547
Letters of credit                                               4,690,051     4,337,696
Commitments to sell loans held for sale                         1,430,725     1,244,292
</Table>

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

<Table>
<Caption>
                                              First        Second       Third        Fourth
                                             Quarter      Quarter      Quarter      Quarter
---------------------------------------------------------------------------------------------
<S>                                         <C>          <C>          <C>          <C>
2005
Interest income                             $5,205,455   $5,398,639   $5,678,118   $6,237,016
Interest expense                             1,935,313    2,105,221    2,386,634    2,688,114
Net interest income                          3,270,142    3,293,418    3,291,484    3,548,902
Provision for loan losses                      (45,000)      47,000           --           --
Noninterest income                           1,119,503    1,209,850    1,255,329      802,469
Noninterest expense                          3,288,676    3,227,220    3,351,966    3,246,787
Income tax expense                             259,400      298,300      287,600      280,900
---------------------------------------------------------------------------------------------
Net income                                  $  886,569   $  930,748   $  907,247   $  823,684
=============================================================================================
Per common share
  Net income:
     Basic                                  $      .88   $      .92   $      .89   $      .81
     Diluted                                       .84          .87          .85          .76
  Dividends                                        .18          .18          .19          .19
2004
Interest income                             $4,973,664   $4,899,141   $5,058,245   $5,152,196
Interest expense                             1,554,617    1,537,320    1,652,041    1,794,100
Net interest income                          3,419,047    3,361,821    3,406,204    3,358,096
Provision for loan losses                      180,000      418,000       60,000           --
Noninterest income                           1,088,631    1,209,619    1,030,039    1,064,684
Noninterest expense                          3,212,135    3,191,016    3,254,983    2,913,203
Income tax expense                             258,800      202,400      277,800      400,400
---------------------------------------------------------------------------------------------
Net income                                  $  856,743   $  760,024   $  843,460   $1,109,177
=============================================================================================
Per common share
  Net income:
     Basic                                  $      .86   $      .76   $      .84   $     1.11
     Diluted                                       .83          .73          .81         1.06
  Dividends                                        .14          .15          .16          .17
</Table>

                                        32
<PAGE>

                                  (CROWE LOGO)

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
--------------------------------------------------------------------------------

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, 2005 and 2004
and the related consolidated statements of income, comprehensive income,
stockholders' equity and cash flows for each of the three years in the period
ended December 31, 2005. 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 the standards of the Public
Company Accounting Oversight Board (United States). 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, 2005 and 2004, and the results
of their operations and their cash flows for each of the three years in the
period ended December 31, 2005, in conformity with U.S. generally accepted
accounting principles.

[CROWE SIGNATURE]

Crowe Chizek and Company LLC
Indianapolis, Indiana
March 17, 2006

                                        33
<PAGE>

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

                          CONSOLIDATED BALANCE SHEETS

                                     ASSETS

<Table>
<Caption>
                                                                        December 31,
                                                                ----------------------------
                                                                    2005            2004
--------------------------------------------------------------------------------------------
<S>                                                             <C>             <C>
Cash and due from banks                                         $ 11,599,219    $ 11,737,677
Interest bearing due from banks                                    1,631,828         131,747
--------------------------------------------------------------------------------------------
       Cash and cash equivalents                                  13,231,047      11,869,424
Available for sale securities                                    167,905,905     154,389,611
Loans held for sale                                                  333,000          74,238
Loans                                                            255,699,529     240,767,062
Allowance for loan losses                                         (2,002,059)     (2,692,903)
--------------------------------------------------------------------------------------------
       Net loans                                                 253,697,470     238,074,159
Bank premises and equipment                                       11,756,248      12,393,908
Federal Home Loan Bank stock                                      13,962,968      13,299,700
Cash surrender value of life insurance                            12,305,648      10,610,716
Accrued interest and other assets                                  4,198,746       3,309,368
--------------------------------------------------------------------------------------------
       Total Assets                                             $477,391,032    $444,021,124
============================================================================================

                            LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
  Deposits:
     Noninterest bearing                                        $ 51,643,811    $ 45,206,286
     Interest bearing                                            350,352,343     330,038,134
--------------------------------------------------------------------------------------------
       Total deposits                                            401,996,154     375,244,420
  Repurchase agreements                                           25,192,276      20,486,973
  Federal Home Loan Bank advances                                         --         550,000
  Subordinated debentures                                         10,310,000      10,310,000
  Accrued interest and other liabilities                           4,276,401       3,912,112
--------------------------------------------------------------------------------------------
       Total Liabilities                                         441,774,831     410,503,505
--------------------------------------------------------------------------------------------
Stockholders' Equity
  Preferred stock, $1 par value -- 50,000 shares authorized
     and unissued                                                         --              --
  Common stock, $1 par value -- 10,000,000 shares
     authorized; 1,041,910 and 1,024,029 shares issued at
     December 31, 2005 and 2004, respectively                      1,041,910       1,024,029
  Surplus                                                         14,925,466      14,113,209
  Retained earnings                                               21,692,568      18,894,017
  Treasury stock, 17,750 shares                                     (648,575)       (648,575)
  Accumulated other comprehensive income (loss)                   (1,395,168)        134,939
--------------------------------------------------------------------------------------------
       Total Stockholders' Equity                                 35,616,201      33,517,619
--------------------------------------------------------------------------------------------
       Total Liabilities and Stockholders' Equity               $477,391,032    $444,021,124
============================================================================================
</Table>

See the accompanying notes to consolidated financial statements.

                                        34
<PAGE>

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

                       CONSOLIDATED STATEMENTS OF INCOME

<Table>
<Caption>
                                                            For the Years Ended December 31,
                                                        -----------------------------------------
                                                           2005           2003           2004
-------------------------------------------------------------------------------------------------
<S>                                                     <C>            <C>            <C>
Interest Income
  Loans, including fees
     Taxable                                            $16,126,873    $13,759,724    $14,518,095
     Non-taxable                                            202,573        168,923        177,871
  Securities
     Taxable                                              4,251,695      4,573,127      4,303,341
     Non-taxable                                          1,665,589      1,514,265      1,484,197
  Deposits with banks                                       272,498         67,207         96,984
-------------------------------------------------------------------------------------------------
       Total Interest Income                             22,519,228     20,083,246     20,580,488
-------------------------------------------------------------------------------------------------
Interest Expense
  Deposits                                                7,838,871      5,870,922      6,512,644
  Repurchase agreements                                     684,242        324,204        313,430
  Other borrowings                                               --         38,840         50,664
  Federal Home Loan Bank advances                            13,875        281,229        287,482
  Subordinated debentures                                   578,294         22,883             --
-------------------------------------------------------------------------------------------------
       Total Interest Expense                             9,115,282      6,538,078      7,164,220
-------------------------------------------------------------------------------------------------
Net Interest Income                                      13,403,946     13,545,168     13,416,268
Provision For Loan Losses                                     2,000        658,000      1,213,000
-------------------------------------------------------------------------------------------------
     Net Interest Income After Provision For Loan
       Losses                                            13,401,946     12,887,168     12,203,268
-------------------------------------------------------------------------------------------------
Noninterest Income
  Service charges on deposits                             1,383,815      1,531,329      1,331,403
  Mortgage banking                                          375,023        461,206        865,375
  Trust fees                                                691,856        674,723        694,157
  Brokerage and insurance services                          373,254        369,697        331,532
  Credit card income                                        405,641        402,872        378,317
  Earnings on cash surrender value of life insurance        308,000        428,068        488,087
  Gain on sale of securities, net                           378,516        314,048        629,318
  Gain on sale of credit card portfolio                     191,221             --             --
  Other                                                     279,825        211,030        227,237
-------------------------------------------------------------------------------------------------
       Total Noninterest Income                           4,387,151      4,392,973      4,945,426
-------------------------------------------------------------------------------------------------
Noninterest Expenses
  Employee compensation and benefits                      6,964,304      6,696,338      6,530,843
  Occupancy, net                                            805,354        729,936        730,497
  Furniture and equipment                                   732,345        803,270        679,766
  Legal and professional fees                               718,277        636,225      1,071,471
  Data processing                                           499,245        461,601        459,832
  Advertising                                               477,805        419,565        399,278
  Other                                                   2,917,319      2,824,402      2,717,470
-------------------------------------------------------------------------------------------------
       Total Noninterest Expenses                        13,114,649     12,571,337     12,589,157
-------------------------------------------------------------------------------------------------
Income Before Income Taxes                                4,674,448      4,708,804      4,559,537
Income Tax Expense                                        1,126,200      1,139,400      1,083,600
-------------------------------------------------------------------------------------------------
Net Income                                              $ 3,548,248    $ 3,569,404    $ 3,475,937
=================================================================================================
Earnings Per Share -- Basic                             $      3.50    $      3.58    $      3.54
=================================================================================================
Earnings Per Share -- Diluted                           $      3.32    $      3.43    $      3.42
=================================================================================================
</Table>

See the accompanying notes to consolidated financial statements.

                                        35
<PAGE>

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

                CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

<Table>
<Caption>
                                                         For the Years Ended December 31,
                                                      --------------------------------------
                                                         2005          2004         2003
--------------------------------------------------------------------------------------------
<S>                                                   <C>           <C>          <C>
Net Income                                            $ 3,548,248   $3,569,404   $ 3,475,937
--------------------------------------------------------------------------------------------
Other Comprehensive Loss, Net of Tax:
  Unrealized holding losses on securities available
     for sale (net of income tax credits of
     $793,971, $377,621 and $522,835 for 2005, 2004
     and 2003, respectively)                           (1,295,427)    (616,118)     (853,047)
  Less adjustment for realized gains included in net
     income (net of income taxes of $143,836,
     $119,338 and $239,141 for 2005, 2004 and 2003,
     respectively)                                       (234,680)    (194,710)     (390,177)
--------------------------------------------------------------------------------------------
       Other Comprehensive Loss                        (1,530,107)    (810,828)   (1,243,224)
--------------------------------------------------------------------------------------------
Comprehensive Income                                  $ 2,018,141   $2,758,576   $ 2,232,713
============================================================================================
</Table>

See the accompanying notes to consolidated financial statements.

                                        36
<PAGE>

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

                CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
              FOR THE YEARS ENDED DECEMBER 31, 2005, 2004 AND 2003

<Table>
<Caption>
                                                                                                      Accumulated
                                Common Stock                                      Treasury Stock         Other           Total
                           ----------------------                  Retained     ------------------   Comprehensive   Stockholders'
                            Shares       Amount       Surplus      Earnings     Shares    Amount     Income (Loss)      Equity
----------------------------------------------------------------------------------------------------------------------------------
<S>                        <C>         <C>          <C>           <C>           <C>      <C>         <C>             <C>
Balance --
  January 1, 2003            995,835   $  995,835   $13,005,154   $12,998,298   17,750   $(648,575)   $ 2,188,991     $28,539,703
  Issuance of Common
    Stock                     12,863       12,863       477,241            --       --          --             --         490,104
  Dividends Paid, $.54
    Per Share                     --           --            --      (531,107)      --          --             --        (531,107)
  Net Income                      --           --            --     3,475,937       --          --             --       3,475,937
  Other Comprehensive
    Loss                          --           --            --            --       --          --     (1,243,224)     (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      30,731,413
  Issuance of Common
    Stock                     15,331       15,331       630,814            --       --          --             --         646,145
  Dividends Paid, $.62
    Per Share                     --           --            --      (618,515)      --          --             --        (618,515)
  Net Income                      --           --            --     3,569,404       --          --             --       3,569,404
  Other Comprehensive
    Loss                          --           --            --            --       --          --       (810,828)       (810,828)
----------------------------------------------------------------------------------------------------------------------------------
Balance --
  December 31, 2004        1,024,029    1,024,029    14,113,209    18,894,017   17,750    (648,575)       134,939      33,517,619
  Issuance of Common
    Stock                     17,881       17,881       812,257            --       --          --             --         830,138
  Dividends Paid, $.74
    Per Share                     --           --            --      (749,697)      --          --             --        (749,697)
  Net Income                      --           --            --     3,548,248       --          --             --       3,548,248
  Other Comprehensive
    Loss                          --           --            --            --       --          --     (1,530,107)     (1,530,107)
----------------------------------------------------------------------------------------------------------------------------------
Balance --
  December 31, 2005        1,041,910   $1,041,910   $14,925,466   $21,692,568   17,750   $(648,575)   $(1,395,168)    $35,616,201
==================================================================================================================================
</Table>

See the accompanying notes to consolidated financial statements.

                                        37
<PAGE>

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

                     CONSOLIDATED STATEMENTS OF CASH FLOWS

<Table>
<Caption>
                                                                   For the Years Ended December 31,
                                                              -------------------------------------------
                                                                  2005           2004           2003
---------------------------------------------------------------------------------------------------------
<S>                                                           <C>            <C>            <C>
Operating Activities
  Net income                                                  $  3,548,248   $  3,569,404   $   3,475,937
  Adjustments to reconcile net income to net cash provided
    by operating activities:
      Depreciation and amortization                                800,889        837,600         722,366
      Net amortization on securities                               379,598        838,376       1,321,778
      Gain on sale of securities, net                             (378,516)      (314,048)       (629,318)
      Gain on sale of mortgage loans                              (236,827)      (331,833)       (760,876)
      Gain on sale of credit card portfolio                       (191,221)            --              --
      (Gain) loss on sale and write down of foreclosed
        property                                                    65,126         (3,275)        (23,206)
      Loss on disposition of bank premises and equipment                --             --           9,895
      Federal Home Loan Bank stock dividends                      (663,268)      (779,100)       (810,800)
      Provision for loan losses                                      2,000        658,000       1,213,000
      Proceeds from sales of mortgage loans held for sale       16,832,874     20,238,651      49,668,488
      Proceeds from sale of credit card portfolio                1,566,110             --              --
      Originations of mortgage loans held for sale             (16,854,809)   (19,642,327)    (46,629,191)
      Earnings on cash surrender value of life insurance
        policies                                                  (308,000)      (428,068)       (488,087)
      Increase in other assets and other liabilities, net          995,009        320,733       1,801,240
---------------------------------------------------------------------------------------------------------
Net Cash Provided By Operating Activities                        5,557,213      4,964,113       8,871,226
---------------------------------------------------------------------------------------------------------
Investing Activities
  Proceeds from sales of securities available for sale          10,473,067      8,680,559      18,088,140
  Proceeds from maturities of securities available for sale     38,807,978     30,371,226      84,284,016
  Purchases of securities available for sale                   (65,266,335)   (28,573,408)   (136,728,264)
  Net (increase) decrease in loans                             (17,886,613)   (25,449,910)      1,180,640
  Purchases of life insurance policies                          (1,344,210)    (1,752,000)             --
  Proceeds from sale of foreclosed property                        196,274         90,575         261,418
  Purchases of bank premises and equipment                        (163,229)    (1,316,786)       (934,952)
---------------------------------------------------------------------------------------------------------
Net Cash Used In Investing Activities                          (35,183,068)   (17,949,744)    (33,849,002)
---------------------------------------------------------------------------------------------------------
Financing Activities
  Net increase in noninterest bearing deposits                   6,437,525      3,736,030         865,995
  Net increase in interest bearing deposits                     20,314,209     10,587,506       9,065,052
  Net increase (decrease) in repurchase agreements               4,705,303      1,301,106      (2,506,411)
  Decrease in other borrowings                                          --     (1,237,100)       (300,000)
  Net increase (decrease) in short-term FHLB advances             (550,000)    (3,850,000)      4,400,000
  Repayment of FHLB term advance                                        --     (5,000,000)             --
  Proceeds from issuance of common stock                           830,138        646,145         490,104
  Proceeds from issuance of subordinated debentures                     --     10,310,000              --
  Dividends paid                                                  (749,697)      (618,515)       (531,107)
---------------------------------------------------------------------------------------------------------
Net Cash Provided By Financing Activities                       30,987,478     15,875,172      11,483,633
---------------------------------------------------------------------------------------------------------
Net Increase (Decrease) In Cash And Cash Equivalents             1,361,623      2,889,541     (13,494,143)
Cash And Cash Equivalents -- Beginning of Year                  11,869,424      8,979,883      22,474,026
---------------------------------------------------------------------------------------------------------
Cash And Cash Equivalents -- End of Year                      $ 13,231,047   $ 11,869,424   $   8,979,883
=========================================================================================================
Supplemental Disclosure of Cash Flow Information
  Interest paid                                               $  8,780,002   $  6,467,844   $   7,393,729
  Income taxes paid                                                871,000        841,003         455,000
  Real estate acquired in settlement of loans                      887,757        775,601         103,212
  Credit card loans transferred to held for sale                 1,379,464             --              --
---------------------------------------------------------------------------------------------------------
</Table>

See the accompanying notes to consolidated financial statements.

                                        38
<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 U.S. generally
accepted accounting principles 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 items in the prior year financial statements were reclassified to
conform to the current year's presentation.

  ACCOUNTING ESTIMATES

     The preparation of financial statements in conformity with U.S. generally
accepted accounting principles 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.

                                        39
<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.

     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.

     Declines in the fair value of securities below their cost that are other
than temporary are reflected as realized losses. In estimating
other-than-temporary losses, management considers: (1) the length of time and
extent that fair value has been less than cost, (2) the financial condition and
near term prospects of the issuer, and (3) the Company's ability and intent to
hold the security for a period sufficient to allow for any anticipated recovery
in fair value.

  MORTGAGE LOANS HELD FOR SALE

     Mortgage loans held for sale are carried at the lower of aggregate cost or
fair value. Mortgage loans held for sale are generally sold with servicing
rights retained. Net unrealized losses, if any, are recorded as a valuation
allowance and charged to earnings. 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 value of the related loan sold. 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 discontinued at the time the loan is 90 days
delinquent unless the loan is well-secured and in process of collection.
Consumer loans are typically charged off no later than 120 days past due. 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. 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
                                        40
<PAGE>

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.

     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. At December 31, 2005 and 2004, real estate acquired by
foreclosure totaled $1,537,757 and $911,400, respectively.

     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

     Land is carried at cost. 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
Automobiles                                           3-5 years
</Table>

  FEDERAL HOME LOAN BANK (FHLB) STOCK

     The Bank is a member of the FHLB system. Members are required to own a
certain amount of stock based on the level of borrowings and other factors, and
may invest in additional amounts. FHLB stock is carried at cost, is classified
as a restricted security, and is periodically evaluated for impairment based on
ultimate recovery of par value. Both cash and stock dividends are reported as
income.

  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.
                                        41
<PAGE>

  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.

  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 14. 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,
                                                        ------------------------------------
                                                           2005         2004         2003
<S>                                                     <C>          <C>          <C>
--------------------------------------------------------------------------------------------
Net income, as reported                                 $3,548,248   $3,569,404   $3,475,937
Less: Total stock-based employee compensation cost
  determined under the fair value based method, net of
  income taxes                                            (216,268)    (204,890)    (199,036)
--------------------------------------------------------------------------------------------
  Pro forma net income                                  $3,331,980   $3,364,514   $3,276,901
============================================================================================
Earnings per share:
  Basic -- as reported                                  $     3.50   $     3.58   $     3.54
  Basic -- pro forma                                          3.29         3.37         3.33
  Diluted -- as reported                                      3.32         3.43         3.42
  Diluted -- pro forma                                        3.12         3.23         3.22
</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

                                        42
<PAGE>

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.

  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

     No new accounting standards were adopted in 2005 which had a material
impact on the Company's financial statements.

  NEWLY ISSUED BUT NOT YET EFFECTIVE ACCOUNTING STANDARDS

     FASB Statement 123 (revised 2004), "Share-Based Payment" requires expensing
of stock options effective for years beginning after June 15, 2005. The Company
plans to adopt this standard as of January 1, 2006 and will begin expensing any
unvested stock options at that time. The Company estimates the 2006 pre-tax
compensation expense to be approximately $218,900.

     FASB Staff Position (FSP) 115-1 "The Meaning of Other-Than-Temporary
Impairment and Its Application to Certain Investments" is effective for
reporting periods after December 15, 2005. FSP 115-1 addresses the determination
as to when an investment is considered impaired, whether that impairment is
other than temporary and the measurement of an impairment loss. This FSP also
includes accounting considerations subsequent to the recognition of an
other-than-temporary impairment and requires certain disclosures about
unrealized losses that have not been recognized as other-than-temporary
impairments. The Company does not anticipate that the adoption of this standard
will have any material impact on the Company's financial condition or results of
operations.

     No other new accounting standards have been issued that are not yet
effective that are expected to have a material impact on the Company's financial
condition or results of operations.

  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.

                                        43
<PAGE>

  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.

2. EARNINGS PER SHARE

     The computation of EPS is summarized as follows:

<Table>
<Caption>
                                                              2005          2004          2003
-------------------------------------------------------------------------------------------------
<S>                                                        <C>           <C>           <C>
Basic EPS:
  Net income                                               $3,548,248    $3,569,404    $3,475,937
=================================================================================================
  Weighted average common shares outstanding                1,013,315       997,506       983,281
=================================================================================================
  Basic EPS                                                $     3.50    $     3.58    $     3.54
=================================================================================================
Diluted EPS:
  Net income                                               $3,548,248    $3,569,404    $3,475,937
=================================================================================================
  Weighted average common shares outstanding                1,013,315       997,506       983,281
  Dilutive potential due to stock options                      54,830        44,237        34,412
-------------------------------------------------------------------------------------------------
  Weighted average number of common shares and dilutive
     potential common shares outstanding                    1,068,145     1,041,743     1,017,693
=================================================================================================
  Diluted EPS                                              $     3.32    $     3.43    $     3.42
=================================================================================================
</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 $3,718,000 and $5,979,000 to meet
regulatory reserve and clearing requirements at year-end 2005 and 2004,
respectively. These balances do not earn interest.

                                        44
<PAGE>

4. SECURITIES

  AVAILABLE FOR SALE

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

<Table>
<Caption>
                                                                   December 31, 2005
                                                       -----------------------------------------
                                                                         Gross          Gross
                                                                       Unrealized    Unrealized
                                                        Fair Value       Gains         Losses
------------------------------------------------------------------------------------------------
<S>                                                    <C>             <C>           <C>
U.S. government agencies                               $ 12,592,707    $  13,215     $   (49,811)
Mortgage-backed securities                              105,830,332       96,583      (2,237,450)
Obligations of states and political subdivisions         49,482,866      576,985        (649,793)
------------------------------------------------------------------------------------------------
     Total securities                                  $167,905,905    $ 686,783     $(2,937,054)
================================================================================================
</Table>

<Table>
<Caption>
                                                                   December 31, 2004
                                                       -----------------------------------------
                                                                         Gross          Gross
                                                                       Unrealized    Unrealized
                                                        Fair Value       Gains         Losses
------------------------------------------------------------------------------------------------
<S>                                                    <C>             <C>           <C>
U.S. government agencies                               $  3,970,000   $       --     $   (30,781)
Mortgage-backed securities                              108,897,319      328,824        (908,041)
Obligations of states and political subdivisions         41,522,292      999,601        (171,960)
------------------------------------------------------------------------------------------------
     Total securities                                  $154,389,611   $1,328,425     $(1,110,782)
================================================================================================
</Table>

     Available for sale securities with a carrying value of approximately
$110,575,000 and $103,231,000 at December 31, 2005 and 2004, 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, 2005
                                                                -----------------
                                                                      Fair
                                                                      Value
---------------------------------------------------------------------------------
<S>                                                             <C>
Due in one year or less                                           $  7,217,163
Due after one year through five years                               18,461,203
Due after five years through ten years                               8,982,430
Due after ten years                                                 27,414,777
Mortgage-backed securities                                         105,830,332
---------------------------------------------------------------------------------
     Total debt securities                                        $167,905,905
=================================================================================
</Table>

     Proceeds from sales of available for sale debt securities were $10,473,067,
$8,680,559, and $18,088,140 in 2005, 2004 and 2003, respectively.

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

<Table>
<Caption>
                                                                  2005        2004        2003
------------------------------------------------------------------------------------------------
<S>                                                             <C>         <C>         <C>
Gross realized gains                                            $378,516    $314,048    $629,318
------------------------------------------------------------------------------------------------
</Table>

     The Company had no gross realized losses on sales of available for sale
debt securities in 2005, 2004 or 2003.

                                        45
<PAGE>

     Securities with unrealized losses at year-end 2005 and 2004, presented by
length of time in an unrealized loss position, are as follows:

<Table>
<Caption>
                                                             Year-End 2005
                           ----------------------------------------------------------------------------------
                              Less than 12 Months          12 Months or More                 Total
                           ----------------------------------------------------------------------------------
                              Fair       Unrealized       Fair       Unrealized        Fair       Unrealized
                              Value         Loss          Value         Loss          Value          Loss
-------------------------------------------------------------------------------------------------------------
<S>                        <C>           <C>           <C>           <C>           <C>            <C>
U.S. government agencies   $ 5,747,458   $   (37,331)  $ 3,987,520   $   (12,480)  $  9,734,978   $   (49,811)
Mortgage-backed
  securities                42,863,653      (665,477)   56,653,373    (1,571,973)    99,517,026    (2,237,450)
Obligations of states and
  political subdivisions    21,086,922      (416,448)    9,908,701      (233,345)    30,995,623      (649,793)
-------------------------------------------------------------------------------------------------------------
Total temporarily
  impaired                 $69,698,033   $(1,119,256)  $70,549,594   $(1,817,798)  $140,247,627   $(2,937,054)
=============================================================================================================
</Table>

<Table>
<Caption>
                                                             Year-End 2004
                           ----------------------------------------------------------------------------------
                              Less than 12 Months          12 Months or More                 Total
                           ----------------------------------------------------------------------------------
                              Fair       Unrealized       Fair       Unrealized        Fair       Unrealized
                              Value         Loss          Value         Loss          Value          Loss
-------------------------------------------------------------------------------------------------------------
<S>                        <C>           <C>           <C>           <C>           <C>            <C>
U.S. government agencies   $ 3,970,000   $   (30,781)  $        --   $        --   $  3,970,000   $   (30,781)
Mortgage-backed
  securities                73,631,078      (566,247)   19,101,911      (341,794)    92,732,989      (908,041)
Obligations of states and
  political subdivisions    15,062,471      (171,960)           --            --     15,062,471      (171,960)
-------------------------------------------------------------------------------------------------------------
Total temporarily
  impaired                 $92,663,549   $  (768,988)  $19,101,911   $  (341,794)  $111,765,460   $(1,110,782)
=============================================================================================================
</Table>

     The Company evaluates securities for other-than-temporary impairment, at
least on a quarterly basis, and more frequently when economic or market concerns
warrant such evaluation. Consideration is given to the length of time and the
extent to which the fair value has been less than cost, the financial condition
and near-term prospects of the issuer, and the intent and ability of the Company
to retain its investment in the issuer for a period of time sufficient to allow
for any anticipated recovery in fair value. In analyzing an issuer's financial
condition, the Company may consider whether the securities are issued by the
federal government or its agencies, whether downgrades by rating agencies have
occurred and the results of reviews of the issuer's financial condition. West
Pointe management does not expect any losses to result from any unrealized
losses in the portfolio, as maturities of securities and other funding sources
should meet the Company's liquidity needs. Any losses taken will result from
strategic or discretionary decisions to adjust the securities portfolio. As a
result, no declines are deemed to be other than temporary.

                                        46
<PAGE>

5.  LOANS

     Loans consist of:

<Table>
<Caption>
                                                                  2005           2004
-----------------------------------------------------------------------------------------
<S>                                                           <C>            <C>
Commercial loans                                              $ 65,768,521   $ 64,073,669
Commercial real estate loans                                    77,458,569     83,832,494
Real estate construction loans                                  51,568,490     30,794,287
Residential real estate loans                                   51,722,980     51,798,164
Consumer loans                                                   9,180,969     10,268,448
-----------------------------------------------------------------------------------------
  Total loans                                                  255,699,529    240,767,062
Less: Allowance for loan losses                                  2,002,059      2,692,903
-----------------------------------------------------------------------------------------
  Net loans                                                   $253,697,470   $238,074,159
=========================================================================================
</Table>

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

<Table>
<Caption>
                                                          2005         2004         2003
--------------------------------------------------------------------------------------------
<S>                                                    <C>          <C>          <C>
Balance -- beginning of year                           $2,692,903   $2,697,139   $ 2,409,446
Provision charged to operations                             2,000      658,000     1,213,000
Charge-offs                                              (820,125)    (915,405)   (1,048,263)
Recoveries                                                127,281      253,169       122,956
--------------------------------------------------------------------------------------------
Balance -- end of year                                 $2,002,059   $2,692,903   $ 2,697,139
============================================================================================
</Table>

     The following table lists information related to nonperforming loans:

<Table>
<Caption>
                                                                2005        2004
-----------------------------------------------------------------------------------
<S>                                                           <C>        <C>
Loans on nonaccrual status                                    $517,108   $3,842,710
Accruing loans past due 90 days or more                        329,449      538,199
-----------------------------------------------------------------------------------
  Total nonperforming loans                                   $846,557   $4,380,909
===================================================================================
Interest that would have been recognized on nonaccrual loans
  in accordance with their original terms                     $ 41,384   $  467,096
Actual interest recorded for nonaccrual loans                    8,227       58,782
===================================================================================
</Table>

                                        47
<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>
                                   2005                     2004                     2003
                          ----------------------   ----------------------   ----------------------
                           RECORDED    VALUATION    RECORDED    VALUATION    RECORDED    VALUATION
                          INVESTMENT   ALLOWANCE   INVESTMENT   ALLOWANCE   INVESTMENT   ALLOWANCE
--------------------------------------------------------------------------------------------------
<S>                       <C>          <C>         <C>          <C>         <C>          <C>
Impaired loans:
  Valuation allowance
     required             $  271,660    $191,706    $3,929,434   $976,769    $1,832,923   $470,738
  No valuation allowance
     required                    --          --           --          --           --          --
--------------------------------------------------------------------------------------------------
     Total impaired
       loans              $  271,660    $191,706    $3,929,434   $976,769    $1,832,923   $470,738
==================================================================================================
Average balance of
  impaired loans during
  the year                $1,017,709                $4,125,488               $1,871,134
Interest income
  recognized on impaired
  loans during the year        4,698                    71,192                   35,084
Cash basis interest
  received                     4,698                    64,730                   24,674
==================================================================================================
</Table>

6. BANK PREMISES AND EQUIPMENT

     Bank premises and equipment consist of:

<Table>
<Caption>
                                                                 2005          2004
---------------------------------------------------------------------------------------
<S>                                                           <C>           <C>
Land                                                          $ 1,854,457   $ 1,761,457
Buildings                                                       9,401,232     9,164,874
Leasehold improvements                                            683,198       683,198
Furniture and equipment                                         3,964,638     3,823,928
Automobiles                                                       207,589       214,190
Construction in progress                                            3,500       326,517
---------------------------------------------------------------------------------------
                                                               16,114,614    15,974,164
Less: Accumulated depreciation and amortization                 4,358,366     3,580,256
---------------------------------------------------------------------------------------
  Total bank premises and equipment                           $11,756,248   $12,393,908
=======================================================================================
</Table>

     Since December 31, 2005, the Company entered into a contract to sell one of
its non-banking locations. The carrying value of the property as of December 31,
2005 was $320,234. The contract sales price of the property is $345,000. Closing
on the sale is expected to be completed during the first quarter of 2006. The
Company does not expect to incur a loss on the sale of the property.

     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
extension options granted to the Company. 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
through the initial term of the lease and through the period covered by the
first two extension options. The monthly rental payments for the remaining
extension options will be at a reasonable rate as agreed upon by the parties to
the lease. Management intends to utilize the extension options as provided for
under the lease.

                                        48
<PAGE>

     Minimum lease payments at December 31, 2005 are due as follows:

<Table>
<Caption>
Year                                Amount
-------------------------------------------
<S>                                 <C>
2006                                 47,520
2007                                 43,560
-------------------------------------------
                                    $91,080
===========================================
</Table>

     Rent expense for the years ended December 31, 2005, 2004 and 2003 amounted
to $96,944, $109,081 and $112,311, respectively.

7. DEPOSITS

     Deposits consist of:

<Table>
<Caption>
                                                                  2005           2004
-----------------------------------------------------------------------------------------
<S>                                                           <C>            <C>
Noninterest bearing deposits:
  Demand deposit accounts                                     $ 51,643,811   $ 45,206,286
-----------------------------------------------------------------------------------------
Interest bearing deposits:
  Demand deposit accounts (NOW)                                 10,937,929     38,276,366
  Money market accounts                                         47,351,115     47,899,842
  Savings                                                      109,676,938     66,730,091
  Certificates of deposit, $100,000 and over                    68,748,406     68,142,051
  Other certificates of deposit                                113,637,955    108,989,784
-----------------------------------------------------------------------------------------
     Total interest bearing deposits                           350,352,343    330,038,134
-----------------------------------------------------------------------------------------
     Total deposits                                           $401,996,154   $375,244,420
=========================================================================================
</Table>

     The scheduled maturities of time deposits are as follows:

<Table>
<Caption>
Year                                                             Amount
--------------------------------------------------------------------------
<S>                                                           <C>
2006                                                           135,820,383
2007                                                            30,399,777
2008                                                             7,750,417
2009                                                             4,200,372
2010                                                             4,215,412
--------------------------------------------------------------------------
                                                              $182,386,361
==========================================================================
</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.

     The average balance and maximum amount outstanding at any month-end of
repurchase agreements for the years ended December 31, 2005, 2004 and 2003 is
summarized as follows:

<Table>
<Caption>
                                                        2005          2004          2003
--------------------------------------------------------------------------------------------
<S>                                                  <C>           <C>           <C>
Average balance outstanding                          $23,532,974   $20,989,737   $21,225,179
--------------------------------------------------------------------------------------------
Maximum month-end balance outstanding                $29,477,272   $26,572,111   $24,832,508
--------------------------------------------------------------------------------------------
Average interest rate during the year                       2.91%         1.54%         1.48%
--------------------------------------------------------------------------------------------
Weighted average interest rate at year-end                  3.52%         2.08%         1.31%
============================================================================================
</Table>

                                        49
<PAGE>

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 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, 2006. The line of credit is secured by 350,000
shares of Bank common stock. At December 31, 2005 and December 31, 2004, there
were no advances on the line of credit.

10. FEDERAL HOME LOAN BANK ADVANCES

     Advances from the Federal Home Loan Bank of Chicago (FHLB) totaled $550,000
at December 31, 2004. The Company had no FHLB advances at December 31, 2005.
Advances at December 31, 2004 solely consisted of an overnight advance.
Overnight advances serve as a funding alternative to federal funds purchased.
Advances from the FHLB are secured by a blanket lien on qualifying first
mortgage loans. As of December 31, 2005, the Company had $31,674,750 available
for borrowings from the FHLB.

11. SUBORDINATED DEBENTURES

     On December 15, 2004, the Company completed a private placement to an
institutional investor of $10,000,000 of floating rate trust preferred
securities, through a newly formed unconsolidated Delaware trust affiliate, West
Pointe Statutory Trust I (the "Trust"). The trust preferred securities mature in
December 2034, are redeemable at the Company's option at par beginning in five
years, and require quarterly distributions by the Trust to the holder of the
trust preferred securities, initially at an interest rate of 4.70%, which will
reset quarterly at the three-month LIBOR rate plus 2.25%. As of December 31,
2005, the interest rate on the trust preferred securities was 6.74%.

     The proceeds from the sale of the trust preferred securities were used by
the Trust to purchase $10,310,000 in aggregate principal amount of the Company's
floating rate junior subordinated debentures. The debentures were issued
pursuant to a junior subordinated indenture dated December 15, 2004 between the
Company, as issuer, and Wilmington Trust Company, as trustee. Like the trust
preferred securities, the notes bear interest at a floating rate, initially
4.70%, which will reset on a quarterly basis at a rate equal to LIBOR plus
2.25%. As of December 31, 2005, the interest rate on the notes was 6.74%. The
interest payments by the Company will be used to pay the quarterly distributions
payable by the Trust to the holder of the trust preferred securities. However,
so long as no event of default has occurred under the notes, the Company may
defer interest payments on the notes (in which case the trust will be entitled
to defer distributions otherwise due on the trust preferred securities) for up
to 20 consecutive quarters.

                                        50
<PAGE>

12.  INCOME TAXES

     The composition of income tax expense is as follows:

<Table>
<Caption>
                                                           2005         2004         2003
--------------------------------------------------------------------------------------------
<S>                                                     <C>          <C>          <C>
Current
  Federal                                               $  687,174   $  610,566   $  590,795
  State                                                    200,535      178,644      213,822
--------------------------------------------------------------------------------------------
                                                           887,709      789,210      804,617
Deferred
  Federal                                                  193,643      284,534      226,413
  State                                                     44,848       65,656       52,570
--------------------------------------------------------------------------------------------
                                                           238,491      350,190      278,983
--------------------------------------------------------------------------------------------
Income tax expense                                      $1,126,200   $1,139,400   $1,083,600
============================================================================================
</Table>

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

<Table>
<Caption>
                                                                 2005          2004
---------------------------------------------------------------------------------------
<S>                                                           <C>           <C>
Deferred tax assets:
  Allowance for loan losses                                   $   464,785   $   715,502
  Alternative minimum tax credits                                 227,673       269,526
  Available for sale securities market valuation                  855,103            --
  Deferred compensation                                           954,460       725,650
---------------------------------------------------------------------------------------
     Total deferred tax assets                                  2,502,021     1,710,678
---------------------------------------------------------------------------------------
Deferred tax liabilities:
  Depreciation on bank premises and equipment                  (1,566,785)   (1,631,861)
  Accumulated market discount                                      (9,380)       (5,885)
  Available for sale securities market valuation                       --       (82,704)
  Federal Home Loan Bank stock dividends                       (1,036,753)     (779,273)
  Other                                                          (128,742)     (149,910)
---------------------------------------------------------------------------------------
     Total deferred tax liabilities                            (2,741,660)   (2,649,633)
---------------------------------------------------------------------------------------
  Net deferred tax liability                                  $  (239,639)  $  (938,955)
=======================================================================================
</Table>

     As of December 31, 2005, the company had $227,673 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>
                                            2005                   2004                   2003
                                     -----------------------------------------------------------------
                                       AMOUNT        %        AMOUNT        %        AMOUNT        %
------------------------------------------------------------------------------------------------------
<S>                                  <C>           <C>      <C>           <C>      <C>           <C>
Expected tax expense                 $1,589,312     34.0    $1,600,993     34.0    $1,550,242     34.0
Items affecting federal income
  tax rate:
  State income taxes                    156,964      3.3       154,303      3.2       153,024      3.4
  Tax-exempt interest                  (566,384)   (12.1)     (524,719)   (11.1)     (518,775)   (11.4)
  Other                                 (53,692)    (1.1)      (91,177)    (1.9)     (100,891)    (2.2)
------------------------------------------------------------------------------------------------------
Income tax expense                   $1,126,200     24.1    $1,139,400     24.2    $1,083,600     23.8
======================================================================================================
</Table>

                                        51
<PAGE>

13. 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 $108,000, $108,000 and $96,000 in
2005, 2004 and 2003, 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
$214,477, $195,382 and $181,259 in 2005, 2004 and 2003, respectively. The
deferred compensation accrual is included in other liabilities in the
consolidated balance sheets and amounted to $1,430,147 and $1,215,670 at
December 31, 2005, and 2004, respectively.

     In 2000, the Company established a deferred compensation plan for the
Company's president. In 2005, 2004 and 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 expense
related to the deferred compensation plans totaled $375,205, $269,766 and
$228,907 in 2005, 2004 and 2003, respectively. The deferred compensation accrual
is included in other liabilities in the consolidated balance sheets and amounted
to $1,028,534 and $653,329 at December 31, 2005, and 2004, respectively.

     In 2000, the Bank entered into an employment agreement with the Company's
chairman of the board. The original agreement provided that during his
employment and for 15 years thereafter, he would 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
would 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 would continue that payment to his wife until her death. In
March 2006, the Bank executed an agreement that amended and restated the prior
agreement. The new agreement is substantially similar to the prior agreement.
The term of the payment and non-competition period was reduced to 10 years
following his termination of employment from 15 years in the prior agreement.
The new agreement also provides that the chairman will make himself available to
render strategic consulting services to the Bank during the non-competition
period. In consideration, the new agreement provides that the Bank will pay him
each year for a period of 10 years the greater of (i) an amount equal to 50% of
his annual base salary for the calendar year ending prior to his date of
termination of employment or (ii) an amount equal to 50% of his annual base
salary as of his termination of employment. In addition, in the event of his
death either while employed by the Bank or after termination of his employment
with the Bank, the Bank will pay to his wife the same amount that would have
been paid to him had he lived and terminated employment. Such payment to his
wife will continue until the earlier of his wife's death or the tenth
anniversary of the commencement of payments to either him or his wife.

                                        52
<PAGE>

14. 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>
                                       2005                    2004                    2003
                               --------------------------------------------------------------------
                                           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        184,500     $29.37     155,500      $27.43     135,000      $25.70
Granted                          29,500      43.75      29,000       39.75      28,500       35.75
Forfeited                            --         --          --          --       8,000       27.96
---------------------------------------------------------------------------------------------------
Outstanding at December 31      214,000     $31.35     184,500      $29.37     155,500      $27.43
===================================================================================================
</Table>

     At December 31, 2005, 2004 and 2003, 134,300, 107,000, and 80,700 stock
options were exercisable, respectively. The weighted average exercise prices for
options exercisable at December 31, 2005, 2004 and 2003 were $26.81, $25.41 and
$24.31, respectively.

     The following table summarizes information about stock options outstanding
at December 31, 2005:

<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            2.71              $21.00          48,000         $21.00
$27.00 -- $30.25    80,500            5.13              $28.47          69,700         $28.36
$35.75 -- $43.75    85,500            8.11              $39.87          16,600         $37.15
-------------------------------------------------------------------------------------------------
                   214,000            5.78              $31.35         134,300         $26.82
=================================================================================================
</Table>

     The per share fair values of stock options granted in 2005, 2004 and 2003
were estimated on the date of grant at $9.36, $8.14 and $8.27, respectively,
using the Black-Scholes option-pricing model.

     The following table summarizes the assumptions used to determine the per
share fair value of the stock options granted in 2005, 2004 and 2003:

<Table>
<Caption>
                                                                2005    2004    2003
------------------------------------------------------------------------------------
<S>                                                             <C>     <C>     <C>
Dividends yields                                                1.4%    1.4%     1.1%
Risk-free interest rates                                        4.3%    4.0%     4.1%
Stock volatility factors                                        1.0%    5.0%     6.0%
Expected life of options (in years)                             10.0    10.0    10.0
</Table>

     The pro forma effect of applying SFAS No. 123 on net income and earnings
per share is displayed in Note 1.

15. 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
                                        53
<PAGE>

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, 2005 and 2004, 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>
                                                     2005                          2004
                                          --------------------------------------------------------
                                             FIXED        VARIABLE         FIXED        VARIABLE
--------------------------------------------------------------------------------------------------
<S>                                       <C>            <C>            <C>            <C>
Commitments to originate new loans        $ 4,416,784    $ 2,409,227    $ 5,760,100    $13,165,636
Commitments to originate new loans
  held for sale                             1,097,725             --      1,168,849             --
Unfunded commitments to extend credit
  under existing equity, credit card
  and other lines of credit                19,644,175     35,693,267     19,915,421     36,333,126
Letters of credit                             384,149      4,305,902      1,705,740      2,631,956
Commitments to sell loans held for
  sale                                      1,430,725             --      1,244,292             --
</Table>

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

<Table>
<Caption>
                                                                   2005             2004
---------------------------------------------------------------------------------------------
<S>                                                           <C>               <C>
Commitments to originate new loans                               6.50%-9.75%      4.60%-7.00%
Commitments to originate new loans held for sale               6.125%-7.085%    5.375%-6.375%
Unfunded commitments to extend credit under existing
  equity, credit card and other lines of credit                 3.75%-18.00%     3.25%-18.00%
Letters of credit                                                5.50%-7.50%      5.25%-8.00%
Commitments to sell loans held for sale                         5.75%-7.085%     5.375%-6.50%
</Table>

                                        54
<PAGE>

16. RELATED PARTY TRANSACTIONS

     Certain executive officers and directors were indebted to the Company for
loans in the aggregate amount of $9,577,725 and $7,956,976 at December 31, 2005
and 2004, respectively. Following is a summary of activity for 2005 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, 2005                                      $ 7,956,976
New loans                                                        10,117,717
Payments received                                                 8,496,968
---------------------------------------------------------------------------
BALANCE AT DECEMBER 31, 2005                                    $ 9,577,725
===========================================================================
</Table>

     Deposits from those parties at December 31, 2005 and 2004 amounted to
$1,536,540 and $1,420,893, respectively.

17. FAIR VALUE OF FINANCIAL INSTRUMENTS

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

<Table>
<Caption>
                                           DECEMBER 31, 2005               December 31, 2004
                                      ------------------------------------------------------------
                                        CARRYING          FAIR          CARRYING          FAIR
                                         AMOUNT          VALUE           AMOUNT          VALUE
--------------------------------------------------------------------------------------------------
<S>                                   <C>             <C>             <C>             <C>
Financial assets:
  Cash and cash equivalents           $ 13,231,047    $ 13,231,047    $ 11,869,424    $ 11,869,424
  Federal Home Loan Bank stock          13,962,968      13,962,968      13,299,700      13,299,700
  Available for sale securities        167,905,905     167,905,905     154,389,611     154,389,611
  Loans held for sale                      333,000         333,900          74,238          77,083
  Loans, net                           253,697,470     251,811,100     238,074,159     238,046,917
  Interest receivable                    1,993,673       1,993,673       1,627,313       1,627,313
Financial liabilities:
  Deposits                             401,996,154     401,505,366     375,244,420     376,148,674
  Repurchase agreements                 25,192,276      25,192,276      20,486,973      20,486,973
  FHLB advances                                 --              --         550,000         550,000
  Subordinated debentures               10,310,000      10,310,000      10,310,000      10,310,000
  Interest payable                       1,041,426       1,041,426         706,146         706,146
</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.

                                        55
<PAGE>

  FEDERAL HOME LOAN BANK STOCK

     The fair value of Federal Home Loan Bank stock approximates carrying value.

  SECURITIES

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

  LOANS HELD FOR SALE

     Fair value of loans held for sale is based on market 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, 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.

  SUBORDINATED DEBENTURES

     The fair value of variable rate/LIBOR-based instruments approximates their
carrying values.

18.  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
                                        56
<PAGE>

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, 2005, that
the Company and the Bank meet all capital adequacy requirements to which they
are subject.

     As of December 31, 2005, 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, 2005
  Total capital (to risk-weighted
    assets):
    Consolidated                        $49,013,428   16.20%  $24,201,356   8.00%            NA      NA
    Bank                                 37,764,060   12.48    24,201,356   8.00    $30,251,695   10.00%
  Tier 1 capital (to risk-weighted
    assets):
    Consolidated                         47,011,369   15.54    12,100,678   4.00             NA      NA
    Bank                                 35,762,001   11.82    12,100,678   4.00     18,151,017    6.00
  Tier 1 capital (to average assets):
    Consolidated                         47,011,369   10.05    18,707,094   4.00             NA      NA
    Bank                                 35,762,001    7.65    18,707,094   4.00     23,383,867    5.00
As of December 31, 2004
  Total capital (to risk-weighted
    assets):
    Consolidated                        $46,075,583   16.94%  $21,754,509   8.00%            NA      NA
    Bank                                 35,657,752   13.11    21,754,509   8.00    $27,193,136   10.00%
  Tier 1 capital (to risk-weighted
    assets):
    Consolidated                         43,382,680   15.95    10,877,254   4.00             NA      NA
    Bank                                 32,964,849   12.12    10,877,254   4.00     16,315,881    6.00
  Tier 1 capital (to average assets):
    Consolidated                         43,382,680    9.70    17,891,552   4.00             NA      NA
    Bank                                 32,964,849    7.37    17,891,552   4.00     22,364,440    5.00
</Table>

                                        57
<PAGE>

19.  PARENT COMPANY FINANCIAL INFORMATION

     The following are condensed balance sheets as of December 31, 2005 and 2004
and condensed statements of income and cash flows for the years ended December
31, 2005, 2004 and 2003 for West Pointe Bancorp, Inc. (parent company only):

                            CONDENSED BALANCE SHEETS

<Table>
<Caption>
                                                                   2005           2004
------------------------------------------------------------------------------------------
<S>                                                             <C>            <C>
Assets
  Cash and due from banks                                       $ 6,210,634    $ 5,383,290
  Interest bearing due from banks                                 5,000,000      5,000,000
  Investment in bank subsidiary                                  34,366,833     33,099,788
  Investment in statutory trust                                     310,000        310,000
  Other assets                                                       71,555         67,424
------------------------------------------------------------------------------------------
     Total Assets                                               $45,959,022    $43,860,502
==========================================================================================
Liabilities and Stockholders' Equity
  Subordinated debentures                                       $10,310,000    $10,310,000
  Other borrowings                                                       --             --
  Other liabilities                                                  32,821         32,883
  Stockholders' equity                                           35,616,201     33,517,619
------------------------------------------------------------------------------------------
     Total Liabilities and Stockholders' Equity                 $45,959,022    $43,860,502
==========================================================================================
</Table>

                         CONDENSED STATEMENTS OF INCOME

<Table>
<Caption>
                                                           2005         2004         2003
--------------------------------------------------------------------------------------------
<S>                                                     <C>          <C>          <C>
Distributed income from subsidiary                      $1,105,000   $  882,000   $  882,275
Interest income                                            215,590        9,424           --
Interest expense                                          (578,294)     (61,723)     (49,811)
Other income                                                17,089           --           --
Other expense                                             (232,789)    (168,512)    (156,906)
--------------------------------------------------------------------------------------------
  Income before income tax benefit and equity in
     undistributed income of subsidiary                    526,596      661,189      675,558
Income tax benefit                                         224,500       85,700       80,200
--------------------------------------------------------------------------------------------
  Income before equity in undistributed income of
     subsidiary                                            751,096      746,889      755,758
Equity in undistributed income of subsidiary             2,797,152    2,822,515    2,720,179
--------------------------------------------------------------------------------------------
Net Income                                              $3,548,248   $3,569,404   $3,475,937
============================================================================================
</Table>

                                        58
<PAGE>

                       CONDENSED STATEMENTS OF CASH FLOWS

<Table>
<Caption>
                                                        2005          2004          2003
--------------------------------------------------------------------------------------------
<S>                                                  <C>           <C>           <C>
Operating Activities
  Net income                                         $ 3,548,248   $ 3,569,404   $ 3,475,937
  Equity in undistributed income of subsidiary        (2,797,152)   (2,822,515)   (2,720,179)
  Increase in other assets and other liabilities,
     net                                                  (4,193)      (28,657)       (8,456)
--------------------------------------------------------------------------------------------
Net Cash Provided By Operating Activities                746,903       718,232       747,302
--------------------------------------------------------------------------------------------
Investing Activities Investment In Statutory Trust            --      (310,000)           --
--------------------------------------------------------------------------------------------
Net Cash Used In Investing Activities                         --      (310,000)           --
--------------------------------------------------------------------------------------------
Financing Activities
  Decrease in other borrowings                                --    (1,237,100)     (300,000)
  Proceeds from issuance of common stock                 830,138       646,145       490,104
  Proceeds from issuance of subordinate debentures            --    10,310,000            --
  Dividends paid                                        (749,697)     (618,515)     (531,107)
--------------------------------------------------------------------------------------------
Net Cash Provided By (Used In) Financing Activities       80,441     9,100,530      (341,003)
--------------------------------------------------------------------------------------------
Net Increase In Cash And Cash Equivalents                827,344     9,508,762       406,299
Cash And Cash Equivalents -- Beginning of Year        10,383,290       874,528       468,229
--------------------------------------------------------------------------------------------
Cash And Cash Equivalents -- End of Year             $11,210,634   $10,383,290   $   874,528
============================================================================================
</Table>

                                        59
<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 & Siekmann, Ltd.

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

                                        60
<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

                                        61
<PAGE>

                                    (PHOTO)

                                    OFFICERS

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

                                        62
<PAGE>

                                    [PHOTO]

                        ADVANTAGE POINTE ADVISORY BOARD

SEATED, LEFT TO RIGHT:
      Roger Wigginton, Maurice E. Bone, Attorney at Law, Arlette A. Lokken, Dr.
      Jerome V. Basinski

STANDING, LEFT TO RIGHT:
      Judith A. Smith, Edward J. Blake, Sr., Josephine Kosydor, Robert C. Elder,
     Evelyn J. Hammel, Dr. Raymond St. Eve, Nancy J. Schmidt

NOT PICTURED:
      Virginia G. Frieze

                                        63
<PAGE>

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

CORPORATE HEADQUARTERS

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

ANNUAL MEETING

Wednesday, April 19, 2006
9:30 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 2005 Annual
Report to the Securities and Exchange
Commission, Form 10-K, including
the financial statements, 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.