| Teche Holding Company            | New Iberia                        | Baton Rouge                        |
|----------------------------------|-----------------------------------|------------------------------------|
| 1120 Jefferson Terrace Boulevard | 142 W. St. Peter Street           | Wal-Mart Neighborhood Market       |
| New Iberia, LA 70560             | New Iberia, LA  70560   | 9830 Old Hammond Highway           |
| PHONE (337) 560-7151             | (337) 364-5528                    | Baton Rouge, LA  70816   |
| FAX (337) 365-7130               |                              | (225) 926-7378                     |
|                             | Lafayette                         |                               |
| New Iberia                       | Broadmoor                         | Breaux Bridge                      |
| 1120 Jefferson Terrace Boulevard | 5121 Johnston Street              | 601 East Bridge Street             |
| New Iberia, LA  70560  | Lafayette, LA  70503    | Breaux Bridge, LA  70517 |
| (337) 365-0366                   | (337) 981-1887                    | (337) 332-2149                     |
| Call Center (800) 897-0315       |                              |                               |
|                             | Lafayette                         | Houma                              |
| Franklin                         | Downtown                          | 706 Barrow Street                  |
| 211 Willow Street                | 1001 Johnston Street              | Houma, LA  70360         |
| Franklin, LA  70538    | Lafayette, LA  70501    | (985) 868-8766                     |
| (337) 828-3212                   | (337) 232-6463                    |                               |
|                             |                              | Houma                              |
| Franklin Drive-Thru              | Lafayette                         | 912 Grand Caillou Road             |
| 1823 Main Street                 | 2200 W. Pinhook Road              | Houma, LA  70363         |
| Franklin, LA  70538    | Lafayette, LA  70508    | (985) 857-9990                     |
| (337) 828-4177                   | (337) 232-3419                    |                               |
|                             |                              | Thibodaux                          |
| Morgan City                      | Baton Rouge                       | 921 Canal Boulevard                |
| 1001 7th Street                  | 3524 S. Sherwood Forest Boulevard | Thibodaux, LA  70301     |
| Morgan City, LA  70380 | Baton Rouge, LA  70816  | (985) 446-6707                     |
| (985) 384-0653                   | (225) 293-0954                    |                               |
|                             |                              | Opelousas                          |
| Bayou Vista                      | Baton Rouge                       | 428 E. Landry Street               |
| 206 Arlington Street             | Wal-Mart Supercenter              | Opelousas, LA  70570     |
| Bayou Vista, LA  70380 | 2171 O’Neal Lane            | (337) 942-5748                     |
| (985) 395-5244                   | Baton Rouge, LA  70816  |                               |
|                             | (225) 751-0264                    | Eunice                             |
| New Iberia                       |                              | 840 E. Laurel Avenue               |
| 529 N. Lewis Street              |                              | Eunice, LA  70535        |
| New Iberia, LA  70563  |                              | (337) 457-9585                     |
| (337) 367-2516                   |                              |                               |
|                             |                              |                               |
|                             |                              | www.teche.com                      |

| Table of Contents                                       |   |
|---------------------------------------------------------|--------|
|                                                    |   |
| President’s Message                               | 2      |
|                                                    |   |
| Selected Financial Data                                 | 6      |
|                                                    |   |
| Business of the Bank - Business of the Company          | 7      |
|                                                    |   |
| Summary of Quarterly Operating Results                  | 7      |
|                                                    |   |
| Market and Dividend Information                         | 8      |
|                                                    |   |
| Management’s Discussion and Analysis of Financial |   |
| Condition and Results of Operations                     | 9      |
|                                                    |   |
| Management’s Report                               | 17     |
|                                                    |   |
| Report of Independent Registered Public Accounting Firm | 18     |
|                                                    |   |
| Consolidated Balance Sheets                             | 19     |
|                                                    |   |
| Consolidated Statements of Income                       | 20     |
|                                                    |   |
| Consolidated Statements of Stockholders’ Equity   | 21     |
|                                                    |   |
| Consolidated Statements of Cash Flows                   | 22     |
|                                                    |   |
| Notes to Consolidated Financial Statements              | 24     |
|                                                    |   |
| Directors and Officers                                  | 58     |

----

|   |                                                                                                                                                                                                                                                                                                                                                                                                     |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |  Teche achieved superior results for our fiscal year 2010. We exceeded our record earnings of 2009, paid the highest dividend in our history to our shareholders, strengthened our capital position and maintained asset quality.  Our team has consistently demonstrated profitability and returned profits to our shareholders with cash dividends since we have been a public company. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                     |

|   Results of Fiscal Year 2010Teche Holding Company, parent of Teche Federal Bank set an earnings per share record in fiscal year 2010 of $3.36.  Teche also paid a record cash dividend of $1.42 per share.  We are proud of our results.  These results were achieved, in spite of, a deep water oil drilling moratorium, national economic slowdown and anticipated regulatory changes.Teche did not take TARP and our consistent earnings has put us in a strong capital position.  Tangible equity increased to 9.48% of total assets compared to 8.90% in fiscal year 2009.  Risk based capital was also a strong 13.52% compared to 12.72% in fiscal year 2009 and tangible book value increased to a record $34.43.   |      |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------|
| Our SmartGrowth strategy of growing high quality, higher yielding and shorter term loans and lower cost core deposits again contributed to an increase in our net interest margin.  Our net interest margin increased to 4.25% compared to 4.01% in 2009.  SmartGrowth loans now comprise 78% of our loan portfolio whereas in 2001 SmartGrowth loans were only 27% of total loans and SmartGrowth deposits are 69% of total deposits compared to 29% in 2001.  Over the course of 10 years we have significantly changed our loan and deposit mix with excellent results for our shareholders.                                                                                                                                                                 |                |
|   Deposit GrowthThis year as in the previous 10 years we have grown the “right kind of deposits.”  SmartGrowth deposits increased $32.5 million or 8.8% from $367.7 million at fiscal year end in 2009 to $400.2 million at fiscal year end in 2010.  Checking account balances alone increased $7.4 million or 4.5% in the last twelve months.  Teche has continued its Totally Free Checking program and our customers have continued to respond.  Savings accounts also increased significantly to $166.7 million at 2010 year end from $106.5 at 2009 year end, an increase of 57%.                                                                                                                                              |                |

----

|   Loan GrowthTeche this year as in the previous 10 years grew the “right kinds of loans.”  SmartGrowth loans increased to $464.9 million in fiscal year 2010.  SmartGrowth loans consist of consumer, commercial, home equity and SmartMortgages.  Consumer loans grew 3.3%, commercial loan balances increased 1.3% and SmartMortgages grew by 3.8% reversing the decline that the bank saw in this segment during 2009.  SmartMortgages are mortgages which don’t fit the customary home mortgage profile and have slightly higher rates of interest.  They are NOT ‘subprime mortgages’ and the borrowers have passed the high standards of credit that Teche requires.  Home equity loans declined by 8.5% as home owners retained the equity in their homes as part of the national trend of conservative spending and increased savings. |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|

----

|    The petrochemical industry is also a large supplier of economic vitality and jobs especially in the Baton Rouge to New Orleans region.  Baton Rouge has a heavy concentration of the industry with 78 manufacturing plants employing ~12,000 people in a nine parish (county) area.New projects by ExxonMobil, SNF Polymer and Westlake Chemicals combine for a future investment of $912 million in the region.  Improvements in the Huey P. Long and Twin Span Bridges for a $2.0 billion investment and the completion of the Audubon Bridge north of Baton Rouge for $406 million will enhance the transportation network that is vital to the petrochemical industry.Louisiana has also strategically diversified its economy.  The generous state incentive of 30% for movie production is now permanent and Louisiana is the third largest producer of movies after California and New York.  The Louisiana Office of Entertainment reported that in-state spending was $803 million in 2009 and they are predicting $1.3 billion in 2010.  The Baton Rouge area is also seeing major expansions of Woman’s Hospital, one of the largest specialty hospitals in the country, with a $300 million investment in a new facility which is under construction.  In addition two hospitals - Our Lady of the Lake and Lane Memorial have expansions and improvements underway for a $70 million investment in the area. |     |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|

----

|   Shareholder ReturnTeche has been consistently profitable since becoming a public company.  Warren Buffet said, “A good CEO has the mind of an investor and a good investor has the mind of a CEO.”  Our directors and employees have the minds of investors because many are investors in the Company’s stock.  Insider ownership including employees is 36%.  Our goals are aligned with our investors in a very real way.  We paid a record dividend for fiscal year 2010 of $1.42 and we have paid dividends for sixty-one consecutive quarters.  Our dividend yield was 4.58% and our payout ratio was 41.77% for fiscal year 2010.  These metrics favorably compare to 1.76% average dividend yield for 72 other southern banks and 26.88% average payout ratio for 55 other southern banks.  In addition our board has approved a plan to repurchase up to 3% of the Company’s stock.  If you purchased 100 shares of Teche’s stock at the end of fiscal year 2000 and sold those shares at the end of fiscal year 2010 you would have a gain of 208% pre-tax income.  This year our annualized return on average equity was 9.43% and our annualized return on average tangible equity was 9.94%.  We believe that shareholders who learn our story and monitor our consistent results will understand that we have their interests foremost in our minds. |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|

|   Sincerely,  Patrick LittleChairman and President/CEO   |   |   |
|-----------------------------------------------------------------------------------|--------|--------|
|                                                                              |   |   |

----

|                                    |   | 2010   |    |   | 2009   |   |    | 2008   |   |   | 2007    |   |   | 2006   |    |
|-----------------------------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|---------|
| Assets                                  |   | $      | 761,524 |   |   | $      | 765,071 |   |   | $      | 769,488 |   |   | $      | 719,367 |   |   | $ | 685,750 |   |
| Loans Receivable, Net                   |   |   | 586,635 |   |   |   | 588,527 |   |   |   | 584,139 |   |   |   | 561,623 |   |   |   | 520,185 |   |
| Securities-Available for Sale           |   |   | 14,996  |   |   |   | 20,936  |   |   |   | 26,652  |   |   |   | 51,647  |   |   |   | 63,517 |   |
| Securities-Held to Maturity             |   |   | 59,566  |   |   |   | 75,384  |   |   |   | 54,291  |   |   |   | 31,855  |   |   |   | 38,743 |   |
| Cash and Cash Equivalents               |   |   | 40,655  |   |   |   | 23,675  |   |   |   | 50,112  |   |   |   | 21,811  |   |   |   | 17,528 |   |
| Deposits                                |   |   | 579,355 |   |   |   | 585,469 |   |   |   | 589,228 |   |   |   | 555,569 |   |   |   | 537,549 |   |
| FHLB Advances                           |   |   | 100,017 |   |   |   | 100,628 |   |   |   | 104,877 |   |   |   | 89,756  |   |   |   | 77,386 |   |
| Stockholders’ Equity              |   |   | 75,513  |   |   |   | 71,485  |   |   |   | 68,044  |   |   |   | 67,006  |   |   |   | 63,929 |   |
| SUMMARY OF OPERATIONS                   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
| Interest Income                         |   | $      | 41,336  |   |   | $      | 44,237  |   |   | $      | 45,633  |   |   | $      | 43,041  |   |   | $ | 39,197 |   |
| Interest Expense                        |   |   | 11,704  |   |   |   | 15,297  |   |   |   | 19,733  |   |   |   | 19,857  |   |   |   | 16,720 |   |
| Net Interest Income                     |   |   | 29,632  |   |   |   | 28,940  |   |   |   | 25,900  |   |   |   | 23,184  |   |   |   | 22,477 |   |
| Provision for Loan Losses               |   |   | 3,896   |   |   |   | 3,026   |   |   |   | 825     |   |   |   | 605     |   |   |   | 210 |   |
| Net Interest Income after               |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
|   Provision for Loan Losses   |   |   | 25,736  |   |   |   | 25,914  |   |   |   | 25,075  |   |   |   | 22,579  |   |   |   | 22,267 |   |
| Non-Interest Income                     |   |   | 15,923  |   |   |   | 15,951  |   |   |   | 16,001  |   |   |   | 14,572  |   |   |   | 13,031 |   |
| Non-Interest Expense                    |   |   | 31,229  |   |   |   | 31,372  |   |   |   | 30,740  |   |   |   | 27,464  |   |   |   | 24,364 |   |
| Income Before Gains (Losses) on         |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
|   Securities and Income Taxes |   |   | 10,430  |   |   |   | 10,493  |   |   |   | 10,336  |   |   |   | 9,687   |   |   |   | 10,934 |   |
| Gains (Losses) on Sales of Securities   |   |   | 37      |   |   |   | (99     | )      |   |   | (2,580  | )      |   |   | 164     |   |   |   | 34 |   |
| Income Tax Expense                      |   |   | 3,366   |   |   |   | 3,258   |   |   |   | 2,047   |   |   |   | 3,170   |   |   |   | 3,651 |   |
|                                    |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
| Net Income                              |   | $      | 7,101   |   |   | $      | 7,136   |   |   | $      | 5,709   |   |   | $      | 6,681   |   |   | $ | 7,317 |   |
|                                    |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
| SELECTED FINANCIAL RATIOS               |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |   |   |   |   |   |
| Ratio of Equity to Assets               |   |   | 9.92    | %      |   |   | 9.34    | %      |   |   | 8.84    | %      |   |   | 9.31    | % |   |   | 9.32 | % |
| Book Value/Common Share                 |   | $      | 36.19   |   |   | $      | 34.09   |   |   | $      | 32.12   |   |   | $      | 30.42   |   |   | $ | 28.68 |   |
| Dividends declared per Share            |   | $      | 1.42    |   |   | $      | 1.41    |   |   | $      | 1.37    |   |   | $      | 1.26    |   |   | $ | 1.10 |   |
| Basic Income per Common Share           |   | $      | 3.40    |   |   | $      | 3.38    |   |   | $      | 2.65    |   |   | $      | 3.01    |   |   | $ | 3.22 |   |
| Diluted Income per Common Share         |   | $      | 3.37    |   |   | $      | 3.36    |   |   | $      | 2.63    |   |   | $      | 2.94    |   |   | $ | 3.15 |   |
| Return on Average Assets                |   |   | 0.93    | %      |   |   | 0.91    | %      |   |   | 0.76    | %      |   |   | 0.95    | % |   |   | 1.07 | % |
| Return on Average Equity                |   |   | 9.43    | %      |   |   | 9.98    | %      |   |   | 8.29    | %      |   |   | 10.24   | % |   |   | 11.79 | % |
| Net Interest Margin                     |   |   | 4.25    | %      |   |   | 4.01    | %      |   |   | 3.71    | %      |   |   | 3.57    | % |   |   | 3.53 | % |
| Non-Interest Expense/Average Assets     |   |   | 4.10    | %      |   |   | 4.02    | %      |   |   | 4.07    | %      |   |   | 3.89    | % |   |   | 3.54 | % |
| Non-Interest Income/Average Assets      |   |   | 2.11    | %      |   |   | 2.08    | %      |   |   | 2.11    | %      |   |   | 2.06    | % |   |   | 1.89 | % |
| Non-Performing Loans/Loans (1)          |   |   | 2.47    | %      |   |   | 1.21    | %      |   |   | 1.09    | %      |   |   | 0.68    | % |   |   | 0.74 | % |
| Allowance for Loan Losses/Loans (1)     |   |   | 1.55    | %      |   |   | 1.14    | %      |   |   | 0.94    | %      |   |   | 0.90    | % |   |   | 0.93 | % |
| Dividend Payout                         |   |   | 42.14   | %      |   |   | 41.32   | %      |   |   | 51.90   | %      |   |   | 41.66   | % |   |   | 33.65 | % |

----

|                         |   | 2010   |   |   | 2009   |   |
|------------------------------|--------|--------|--------|--------|--------|--------|
|                         |   | First  |   |   | Second |   |   | Third |   |   | Fourth |   |   | First |   |   | Second |   |   | Third |   |   | Fourth |   |
|                         |   |   |   |   |   |   |   | (Amounts in thousands, except per share data) |   |   |   |   |   |   |   |
|                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest Income              |   | $      | 10,500 |   |   | $      | 10,374 |   |   | $ | 10,299 |   |   | $ | 10,163 |   |   | $ | 11,214 |   |   | $ | 11,013 |   |   | $ | 11,130 |   |   | $ | 10,880 |   |
|                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest Expense             |   |   | 3,067  |   |   |   | 2,940 |   |   |   | 2,969 |   |   |   | 2,728 |   |   |   | 4,378 |   |   |   | 3,950 |   |   |   | 3,583 |   |   |   | 3,386 |   |
|                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Interest Income          |   |   | 7,433  |   |   |   | 7,434 |   |   |   | 7,330 |   |   |   | 7,435 |   |   |   | 6,836 |   |   |   | 7,063 |   |   |   | 7,547 |   |   |   | 7,494 |   |
|                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Provision for Loan Losses    |   |   | 1,196  |   |   |   | 900 |   |   |   | 900 |   |   |   | 900 |   |   |   | 155 |   |   |   | 1,035 |   |   |   | 550 |   |   |   | 1,286 |   |
|                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income before                |   |   | 2,574  |   |   |   | 2,502 |   |   |   | 2,713 |   |   |   | 2,678 |   |   |   | 2,602 |   |   |   | 2,482 |   |   |   | 2,395 |   |   |   | 2,915 |   |
|   Income Taxes     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Income                   |   |   | 1,733  |   |   |   | 1,700 |   |   |   | 1,821 |   |   |   | 1,847 |   |   |   | 1,764 |   |   |   | 1,656 |   |   |   | 1,733 |   |   |   | 1,983 |   |
|                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic Income                 |   |   | 0.83   |   |   |   | 0.81 |   |   |   | 0.87 |   |   |   | 0.89 |   |   |   | 0.83 |   |   |   | 0.78 |   |   |   | 0.82 |   |   |   | 0.95 |   |
|   per Common Share |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted Income               |   |   | 0.82   |   |   |   | 0.80 |   |   |   | 0.87 |   |   |   | 0.88 |   |   |   | 0.83 |   |   |   | 0.78 |   |   |   | 0.81 |   |   |   | 0.94 |   |
|   per Common Share |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| Quarter ended      |   | Closing Price |   |   | Period End Close |   |   | Cash Dividend Declared |   | Date Declared |
|--------------------|--------|---------------|--------|--------|------------------|--------|--------|------------------------|--------|---------------|
|               |   | High          |   |   | Low              |   |   |                   |   |          |   |   |   |
| December 31, 2008  |   | $             | 31.81  |   |             | $      | 22.90  |                   |   | $             | 25.01 |   |   | $ | 0.35 |   | November 20, 2008 |
| March 31, 2009     |   | $             | 30.95  |   |             | $      | 22.40  |                   |   | $             | 30.50 |   |   | $ | 0.35 |   | February 19, 2009 |
| June 30, 2009      |   | $             | 35.50  |   |             | $      | 28.85  |                   |   | $             | 33.10 |   |   | $ | 0.35 |   | May 29, 2009 |
| September 30, 2009 |   | $             | 35.75  |   |             | $      | 31.90  |                   |   | $             | 33.10 |   |   | $ | 0.355 |   | August 27, 2009 |
| December 30, 2009  |   | $             | 33.40  |   |             | $      | 30.75  |                   |   | $             | 31.71 |   |   | $ | 0.355 |   | November 19, 2009 |
| March 31, 2010     |   | $             | 33.40  |   |             | $      | 30.80  |                   |   | $             | 32.90 |   |   | $ | 0.355 |   | February 17, 2010 |
| June 30, 2010      |   | $             | 33.00  |   |             | $      | 28.10  |                   |   | $             | 28.10 |   |   | $ | 0.355 |   | May 26, 2010 |
| September 30, 2010 |   | $             | 31.56  |   |             | $      | 26.60  |                   |   | $             | 31.00 |   |   | $ | 0.355 |   | August 23, 2010 |

----

----

|                                                      |                   | September 30,              |   |    | September 30,                    |    |
|-----------------------------------------------------------|------------------------|----------------------------|--------|---------|---------------------------------------|---------|
|                                                      |                   | 2010 vs. 2009         |   |    | 2009 vs. 2008                    |    |
|                                                      |                   | Increase (Decrease) Due to |   |    | Increase (Decrease) Due to  |    |
|                                                      |                   | Volume                     |   |    | Rate                                  |    |   | Net |   |   | Volume |   |   | Rate  |   |   | Net  |   |
|                                                      | (Dollars in thousands) |                       |
| Interest-Earning Assets:                             |                   |                       |   |    |                                  |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Securities (1)                                            |                   | $                          | (522   | )       |                                  | $       | (664 | ) |   | $ | (1,186 | ) |   | $ | 90 |   |   | $ | (115 | ) |   | $ | (25 | ) |
| Loans Receivable, Net                                     |                   |                       | (505   | )       |                                  |    | (1,279 | ) |   |   | (1,784 | ) |   |   | 1,200 |   |   |   | (2,290 | ) |   |   | (1,090 | ) |
| Other Interest-Earning Assets (2)                         |                   |                       | (39    | )       |                                  |    | 108 |   |   |   | 69 |   |   |   | 304 |   |   | (585) |   |   |   | (281 | ) |
| Total Interest-Earning Assets                             |                   |                       | (1,066 | )       |                                  |    | (1,835 | ) |   |   | (2,901 | ) |   |   | 1,594 |   |   |   | (2,990 | ) |   |   | (1,396 | ) |
| Interest-Bearing Liabilities                              |                   |                       |   |    |                                  |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Deposits                                                  |                   |                       | (293   | )       |                                  |    | (3,070 | ) |   |   | (3,363 | ) |   |   | 130 |   |   |   | (4,891 | ) |   |   | (4,761 | ) |
| FHLB Advances                                             |                   |                       | (126   | )       |                                  |    | (104 | ) |   |   | (230 | ) |   |   | 447 |   |   |   | (122 | ) |   |   | 325 |   |
| Total Interest-Bearing Liabilities                        |                   |                       | (419   | )       |                                  |    | (3,174 | ) |   |   | (3,593 | ) |   |   | 577 |   |   |   | (5,013 | ) |   |   | (4,436 | ) |
|     Net Change in Net Interest Income |                   | $                     | (647   | )  |                                  |  $ | 1,339  |   |   |  $ | 692  |   |   |  $ | 1,017  |   |   |  $ | 2,023  |   |   |  $ | 3,040  |   |

----

|                                                  |   | Year Ended September 30, |    |
|-------------------------------------------------------|--------|--------------------------|---------|
|                                                  |   | 2010                     |    |   | 2009 |   |   | 2008 |   |
|                                                  |   | Average                  |    |   |   |   |   | Average |   |   | Average |   |   |   |   |   | Average |   |   | Average |   |   |   |   |   | Average |   |
|                                                  |   | Balance                  |    |   | Interest |   |   | Yield/Cost |   |   | Balance |   |   | Interest |   |   | Yield/Cost |   |   | Balance |   |   | Interest |   |   | Yield/Cost |   |
|                                                  |   |                     |    |   |   |   |   |   |   |   | (Dollars in Thousands) |   |   |   |   |   |   |   |   |   |   |
| Assets                                                |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-Earning Assets                               |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Securities (1)                                        |   | $                        | 74,519  |   |   | $ | 2,662 |   |   |   | 3.57 | % |   | $ | 86,215 |   |   | $ | 3,848 |   |   |   | 4.46 | % |   | $ | 84,249 |   |   | $ | 3,872 |   |   |   | 4.60 | % |
| Loans Receivable (2) (3)                              |   |                     | 599,134 |   |   |   | 38,406 |   |   |   | 6.41 | % |   |   | 606,751 |   |   |   | 40,190 |   |   |   | 6.62 | % |   |   | 589,614 |   |   |   | 41,280 |   |   |   | 7.00 | % |
| Other Interest-Earning Assets (4)                     |   |                     | 23,662  |   |   |   | 268 |   |   |   | 1.13 | % |   |   | 29,443 |   |   |   | 199 |   |   |   | 0.67 | % |   |   | 18,043 |   |   |   | 481 |   |   |   | 2.67 | % |
| Total Interest-Earning Assets                         |   |                     | 697,315 |   |   | $ | 41,336 |   |   |   | 5.93 | % |   |   | 722,409 |   |   | $ | 44,237 |   |   |   | 6.12 | % |   |   | 691,906 |   |   | $ | 45,633 |   |   |   | 6.60 | % |
| Non-Interest Earning Assets                           |   |                     | 65,040  |   |   |   |   |   |   |   |   |   |   |   | 58,778 |   |   |   |   |   |   |   |   |   |   |   | 57,919 |   |   |   |   |   |   |   |   |   |
| Total Assets                                          |   | $                        | 762,355 |   |   |   |   |   |   |   |   |   |   | $ | 781,187 |   |   |   |   |   |   |   |   |   |   | $ | 749,825 |   |   |   |   |   |   |   |   |   |
| Liabilities and Stockholders’  Equity |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-Bearing Liabilities                          |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NOW Accounts                                          |   | $                        | 104,176 |   |   | $ | 427 |   |   |   | 0.41 | % |   | $ | 100,817 |   |   | $ | 538 |   |   |   | 0.53 | % |   | $ | 83,515 |   |   | $ | 456 |   |   |   | 0.55 | % |
| Statement & Regular Savings Accounts              |   |                     | 143,408 |   |   |   | 1,301 |   |   |   | 0.91 | % |   |   | 76,214 |   |   |   | 664 |   |   |   | 0.87 | % |   |   | 52,851 |   |   |   | 409 |   |   |   | 0.77 | % |
| Money Funds Accounts                                  |   |                     | 71,958  |   |   |   | 282 |   |   |   | 0.39 | % |   |   | 115,721 |   |   |   | 1,440 |   |   |   | 1.24 | % |   |   | 125,905 |   |   |   | 3,190 |   |   |   | 2.53 | % |
| Certificates of Deposit                               |   |                     | 192,591 |   |   |   | 5,151 |   |   |   | 2.67 | % |   |   | 240,270 |   |   |   | 7,882 |   |   |   | 3.28 | % |   |   | 264,185 |   |   |   | 11,230 |   |   |   | 4.25 | % |
|     Total Deposits                |   |                     | 512,133 |   |   |   | 7,161 |   |   |   | 1.40 | % |   |   | 533,022 |   |   |   | 10,524 |   |   |   | 1.97 | % |   |   | 526,456 |   |   |   | 15,285 |   |   |   | 2.90 | % |
| FHLB Advances                                         |   |                     | 102,254 |   |   |   | 4,543 |   |   |   | 4.44 | % |   |   | 105,060 |   |   |   | 4,773 |   |   |   | 4.54 | % |   |   | 95,225 |   |   |   | 4,448 |   |   |   | 4.67 | % |
| Total Interest-Bearing Liabilities                    |   |                     | 614,387 |   |   | $ | 11,704 |   |   |   | 1.90 | % |   |   | 638,082 |   |   | $ | 15,297 |   |   |   | 2.40 | % |   |   | 621,681 |   |   | $ | 19,733 |   |   |   | 3.17 | % |
| Non-Interest-Bearing Liabilities                      |   |                     | 72,689  |   |   |   |   |   |   |   |   |   |   |   | 71,626 |   |   |   |   |   |   |   |   |   |   |   | 59,311 |   |   |   |   |   |   |   |   |   |
|                                                  |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Total Liabilities             |   |                     | 687,076 |   |   |   |   |   |   |   |   |   |   |   | 709,708 |   |   |   |   |   |   |   |   |   |   |   | 680,992 |   |   |   |   |   |   |   |   |   |
| Stockholders’ Equity                            |   |                     | 75,279  |   |   |   |   |   |   |   |   |   |   |   | 71,479 |   |   |   |   |   |   |   |   |   |   |   | 68,833 |   |   |   |   |   |   |   |   |   |
| Total Liabilities and Stockholders’ Equity      |   | $                        | 762,355 |   |   |   |   |   |   |   |   |   |   | $ | 781,187 |   |   |   |   |   |   |   |   |   |   | $ | 749,825 |   |   |   |   |   |   |   |   |   |
| Net Interest Income/Interest Rate Spread (5)          |   |                     |    |   |   | $ | 29,632 |   |   |   | 4.02 | % |   |   |   |   |   | $ | 28,940 |   |   |   | 3.72 | % |   |   |   |   |   | $ | 25,900 |   |   |   | 3.42 | % |
| Net Interest Margin (6)                               |   |                     |    |   |   |   |   |   |   |   | 4.25 | % |   |   |   |   |   |   |   |   |   |   | 4.01 | % |   |   |   |   |   |   |   |   |   |   | 3.74 | % |
| Interest-Earning Assets/                              |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-Bearing Liabilities                          |   |                     |    |   |   |   |   |   |   |   | 113.50 | % |   |   |   |   |   |   |   |   |   |   | 113.22 | % |   |   |   |   |   |   |   |   |   |   | 112.15 | % |

----

----

----

----

|   |                  |   |   |                      |    |   |         |                     |   |   |                 |   |   |                  |   |        |       |   |   |   |   |
|--------|-----------------------|--------|--------|---------------------------|---------|--------|--------------|--------------------------|--------|--------|----------------------|--------|--------|-----------------------|--------|-------------|------------|--------|--------|--------|--------|
|   |                  |   |   |  Net Portfolio Value |    |   |         | NPV as % of PV of Assets |   |   |
|   | ChangeIn Rates   |   |   | $ Amount                  |    |   | $ Change (2) |                     |   |   | % of Change (3) |   |   | NPVRatio    |   |        | Change (5) |   |   |
|   |                  |   |   |                      |    |   |         |                     |   |   |                 |   |   |                  |   |        |       |   |   |   |   |
|   | +300                  | bp     |   | $                         | 101,723 |   |         | $                        | 5,969  |   |                 |   | +6%    |                  |   | 12.87       | %          |   | +101   | bp     |   |
|   | +200                  | bp     |   |                      | 103,190 |   |         |                     | 7,437  |   |                 |   | +8%    |                  |   | 12.92       | %          |   | +106   | bp     |   |
|   | +100                  | bp     |   |                      | 101,744 |   |         |                     | 5,990  |   |                 |   | +6%    |                  |   | 12.64       | %          |   | +78    | bp     |   |
|   | +50                   | bp     |   |                      | 99,148  |   |         |                     | 3,395  |   |                 |   | +4%    |                  |   | 12.29       | %          |   | +43    | bp     |   |
|   | 0                     | bp     |   |                      | 95,754  |   |         |                     |   |   |                 |   |   |                  |   |  11.86 | %     |   |   |   |   |   |
|   | -50                   | bp     |   |                      | 92,525  |   |         |                     | -3,229 |   |                 |   | -3%    |                  |   | 11.45       | %          |   | -41    | bp     |   |
|   | -100                  | bp     |   |                      | 90,124  |   |         |                     | -5,630 |   |                 |   | -6%    |                  |   | 11.13       | %          |   | -73    | bp     |   |

| (1) | The -200bp and -300bp scenarios are not shown due to low interest rate environment. |
|-----|-------------------------------------------------------------------------------------|

| (2) | Represents the excess (deficiency) of the estimated NPV assuming the indicated change in interest rates minus the estimated NPV assuming no change in interest rates. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Calculated as the amount of change in the estimated NPV divided by the estimated NPV assuming no change in interest rates. |
|-----|----------------------------------------------------------------------------------------------------------------------------|

| (4) | Calculated as the estimated NPV divided by average total assets. |
|-----|------------------------------------------------------------------|

| (5) | Calculated as the excess (deficiency) of the NPV ratio assuming the indicated change in interest rates over the estimated NPV ratio assuming no change in interest rates. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                          |   | September 30,2010 |     | September 30,2009    |     |
|-----------------------------------------------|--------|-------------------|----------|----------------------|----------|
| *** RISK MEASURES: +200 BP RATE SHOCK ***     |   |              |     |                 |     |
| Pre-Shock NPV Ratio: NPV as % of PV of Assets |   | 11.86             |  %  | 12.02                |  %  |
| Exposure Measure: Post-Shock NPV Ratio        |   | 12.92             |  %  | 12.35                |  %  |
| Sensitivity Measure: Increase in NPV Ratio    |   | 106               |  bp |    33 |  bp |
| *** CALCULATION OF CAPITAL COMPONENT ***      |   |              |     |                 |     |
| Change in NPV as % of PV of Assets            |   | 0.50              |  %  | 0.11                 |  %  |

----

----

|                                                |   |                                                           |
|-----------------------------------------------------|--------|----------------------------------------------------------------|
| Patrick LittlePresident and Chief Executive Officer |   | J. L. ChauvinSenior Vice President and Chief Financial Officer |

----

----

----

|                                                                                                                                                                                                                                 |   | 2010                             |    |   | 2009   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------|---------|--------|--------|--------|
| ASSETS                                                                                                                                                                                                                               |   | (Amounts in thousands,           |    |
|                                                                                                                                                                                                                                 |   | Except share and per share data) |    |
|                                                                                                                                                                                                                                 |   |                             |    |   |   |   |
| Cash and due from banks                                                                                                                                                                                                              |   | $                                | 15,420  |   |   | $      | 13,958 |   |
| Interest-bearing deposits                                                                                                                                                                                                            |   |                             | 25,235  |   |   |   | 9,717 |   |
| Securities available-for-sale - at estimated fair value                                                                                                                                                                              |   |                             |    |   |   |   |   |   |
|       (amortized cost of $ 14,307 in 2010 and $20,277 in 2009)                                                                                                                                         |   |                             | 14,996  |   |   |   | 20,936 |   |
| Securities held-to-maturity—at amortized cost (estimated fair                                                                                                                                                                  |   |                             |    |   |   |   |   |   |
|       value of $61,711 in 2010 and $76,887 in 2009)                                                                                                                                                    |   |                             | 59,566  |   |   |   | 75,384 |   |
| Loans receivable—net of allowance for loan losses of                                                                                                                                                                           |   |                             |    |   |   |   |   |   |
|       $9,256 in 2010 and $6,806 in 2009                                                                                                                                                                |   |                             | 586,635 |   |   |   | 588,527 |   |
| Accrued interest receivable                                                                                                                                                                                                          |   |                             | 2,480   |   |   |   | 2,622 |   |
| Investment in Federal Home Loan Bank stock, at cost                                                                                                                                                                                  |   |                             | 5,402   |   |   |   | 5,063 |   |
| Real estate owned, net                                                                                                                                                                                                               |   |                             | 1,181   |   |   |   | 1,953 |   |
| Prepaid expenses and other assets                                                                                                                                                                                                    |   |                             | 6,898   |   |   |   | 3,321 |   |
| Goodwill                                                                                                                                                                                                                             |   |                             | 3,647   |   |   |   | 3,647 |   |
| Life insurance contracts                                                                                                                                                                                                             |   |                             | 13,310  |   |   |   | 12,724 |   |
| Premises and equipment, net                                                                                                                                                                                                          |   |                             | 26,754  |   |   |   | 27,219 |   |
|                                                                                                                                                                                                                                 |   |                             |    |   |   |   |   |   |
|                               TOTAL ASSETS                                     |   | $                                | 761,524 |   |   | $      | 765,071 |   |
|                                                                                                                                                                                                                                 |   |                             |    |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                                                                                                                           |   |                             |    |   |   |   |   |   |
|                                                                                                                                                                                                                                 |   |                             |    |   |   |   |   |   |
| Deposits                                                                                                                                                                                                                             |   |                             | 579,355 |   |   | $      | 585,469 |   |
| Advances from Federal Home Loan Bank                                                                                                                                                                                                 |   |                             | 100,017 |   |   |   | 100,628 |   |
| Advance payments by borrowers for taxes and insurance                                                                                                                                                                                |   |                             | 2,463   |   |   |   | 2,433 |   |
| Accrued interest payable                                                                                                                                                                                                             |   |                             | 429     |   |   |   | 743 |   |
| Accounts payable and other liabilities                                                                                                                                                                                               |   |                             | 3,747   |   |   |   | 4,313 |   |
|                                                                                                                                                                                                                                 |   |                             |    |   |   |   |   |   |
|                               TOTAL LIABILITIES                                |   |                             | 686,011 |   |   |   | 693,586 |   |
|                                                                                                                                                                                                                                 |   |                             |    |   |   |   |   |   |
| COMMITMENTS AND CONTINGENCIES                                                                                                                                                                                                        |   |                             |    |   |   |   |   |   |
|                                                                                                                                                                                                                                 |   |                             |    |   |   |   |   |   |
| STOCKHOLDERS’ EQUITY:                                                                                                                                                                                                          |   |                             |    |   |   |   |   |   |
| Preferred stock, 5,000,000 shares authorized, none issued                                                                                                                                                                            |   |                             | — |   |   |   | — |   |
| Common stock, $.01 par value, 10,000,000 shares authorized;                                                                                                                                                                          |   |                             |    |   |   |   |   |   |
|       4,672,567 and 4,666,950 shares issued                                                                                                                                                            |   |                             | 47      |   |   |   | 47 |   |
| Additional paid-in capital                                                                                                                                                                                                           |   |                             | 52,685  |   |   |   | 52,285 |   |
| Retained earnings                                                                                                                                                                                                                    |   |                             | 73,942  |   |   |   | 69,786 |   |
| Unearned compensation                                                                                                                                                                                                                |   |                             | (326    | )      |   |   | (586 | ) |
| Treasury stock 2,591,081 and 2,570,296 shares - at cost                                                                                                                                                                              |   |                             | (50,862 | )      |   |   | (50,234 | ) |
| Accumulated other comprehensive loss on held-to-maturity                                                                                                                                                                             |   |                             |    |   |   |   |   |   |
|       securities                                                                                                                                                                                       |   |                             | (428    | )      |   |   | (247 | ) |
| Accumulated other comprehensive income on available for sale                                                                                                                                                                         |   |                             |    |   |   |   |   |   |
|       Securities                                                                                                                                                                                       |   |                             | 455     |   |   |   | 434 |   |
|                                                                                                                                                                                                                                 |   |                             |    |   |   |   |   |   |
|                               TOTAL STOCKHOLDERS’ EQUITY                 |   |                             | 75,513  |   |   |   | 71,485 |   |
|                                                                                                                                                                                                                                 |   |                             |    |   |   |   |   |   |
|                               TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY |   | $                                | 761,524 |   |   | $      | 765,071 |   |

----

----

|                                                                                                                                                           |   | 2010                                             |    |   | 2009   |   |   | 2008   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------|---------|--------|--------|--------|--------|--------|--------|
|                                                                                                                                                           |   | (Amounts in thousands, except per share amounts) |    |
| INTEREST INCOME:                                                                                                                                               |   |                                             |    |   |   |   |   |   |   |
|      Interest and fees on loans                                                                                                       |   | $                                                | 38,406  |   |   | $      | 40,190 |   |   | $ | 41,280 |   |
|      Interest and dividends on securities                                                                                             |   |                                             | 2,662   |   |   |   | 3,848  |   |   |   | 3,873 |   |
|      Other interest income                                                                                                            |   |                                             | 268     |   |   |   | 199    |   |   |   | 480 |   |
|                                                                                                                                                           |   |                                             |    |   |   |   |   |   |   |   |   |   |
|                       TOTAL INTEREST INCOME      |   |                                             | 41,336  |   |   |   | 44,237 |   |   |   | 45,633 |   |
|                                                                                                                                                           |   |                                             |    |   |   |   |   |   |   |   |   |   |
| INTEREST EXPENSE:                                                                                                                                              |   |                                             |    |   |   |   |   |   |   |   |   |   |
|      Deposits                                                                                                                         |   |                                             | 7,161   |   |   |   | 10,524 |   |   |   | 15,285 |   |
|      Advances from Federal Home Loan Bank                                                                                             |   |                                             | 4,543   |   |   |   | 4,773  |   |   |   | 4,448 |   |
|                                                                                                                                                           |   |                                             |    |   |   |   |   |   |   |   |   |   |
|                       TOTAL INTEREST EXPENSE     |   |                                             | 11,704  |   |   |   | 15,297 |   |   |   | 19,733 |   |
|                                                                                                                                                           |   |                                             |    |   |   |   |   |   |   |   |   |   |
|                       NET INTEREST INCOME        |   |                                             | 29,632  |   |   |   | 28,940 |   |   |   | 25,900 |   |
|                                                                                                                                                           |   |                                             |    |   |   |   |   |   |   |   |   |   |
| PROVISION FOR LOAN LOSSES                                                                                                                                      |   |                                             | 3,896   |   |   |   | 3,026  |   |   |   | 825 |   |
|                                                                                                                                                           |   |                                             |    |   |   |   |   |   |   |   |   |   |
|                       NET INTEREST INCOME AFTER  |   |                                             |    |   |   |   |   |   |   |   |   |   |
|                       PROVISION FOR LOAN LOSSES  |   |                                             | 25,736  |   |   |   | 25,914 |   |   |   | 25,075 |   |
|                                                                                                                                                           |   |                                             |    |   |   |   |   |   |   |   |   |   |
| NON-INTEREST INCOME:                                                                                                                                           |   |                                             |    |   |   |   |   |   |   |   |   |   |
|      Total other-than temporary impairment losses                                                                                     |   |                                             | (451    | )      |   |   | (1,311 | )      |   |   | (408 | ) |
|      Portion of impairment losses recognized in other                                                                                 |   |                                             |    |   |   |   |   |   |   |   |   |   |
|            comprehensive loss                                                                           |   |                                             | 274     |   |   |   | 375    |   |   |   | -- |   |
|      Net impairment losses recognized in earnings                                                                                     |   |                                             | (177    | )      |   |   | (936   | )      |   |   | (408 | ) |
|       Service charges and other                                                                                                  |   |                                             | 15,227  |   |   |   | 15,415 |   |   |   | 15,482 |   |
|      Gain on sale of premises and equipment                                                                                           |   |                                             | — |   |   |   | 10     |   |   |   | 1 |   |
|      Gain (Loss) on sale and impairments of equity securities                                                                         |   |                                             | 37      |   |   |   | (99    | )      |   |   | (2,580 | ) |
|      Gain (Loss) on sale of loans                                                                                                     |   |                                             | 13      |   |   |   | 559    |   |   |   | (172 | ) |
|      Other income                                                                                                                     |   |                                             | 860     |   |   |   | 903    |   |   |   | 1,098 |   |
|                                                                                                                                                           |   |                                             |    |   |   |   |   |   |   |   |   |   |
|                       TOTAL NON-INTEREST INCOME  |   |                                             | 15,960  |   |   |   | 15,852 |   |   |   | 13,421 |   |
|                                                                                                                                                           |   |                                             |    |   |   |   |   |   |   |   |   |   |
| NON-INTEREST EXPENSE:                                                                                                                                          |   |                                             |    |   |   |   |   |   |   |   |   |   |
|      Compensation and employee benefits                                                                                               |   |                                             | 16,414  |   |   |   | 16,418 |   |   |   | 16,746 |   |
|      Occupancy, equipment and data processing expense                                                                                 |   |                                             | 6,329   |   |   |   | 6,244  |   |   |   | 6,084 |   |
|      Marketing and professional fees                                                                                                  |   |                                             | 2,558   |   |   |   | 2,743  |   |   |   | 2,986 |   |
|      Deposit insurance premiums                                                                                                       |   |                                             | 1,081   |   |   |   | 1,082  |   |   |   | 74 |   |
|      Louisiana shares tax                                                                                                             |   |                                             | 513     |   |   |   | 567    |   |   |   | 666 |   |
|      Other operating expenses                                                                                                         |   |                                             | 4,334   |   |   |   | 4,318  |   |   |   | 4,184 |   |
|                                                                                                                                                           |   |                                             |    |   |   |   |   |   |   |   |   |   |
|                       TOTAL NON-INTEREST EXPENSE |   |                                             | 31,229  |   |   |   | 31,372 |   |   |   | 30,740 |   |
|                                                                                                                                                           |   |                                             |    |   |   |   |   |   |   |   |   |   |
|                       INCOME BEFORE INCOME TAXES |   |                                             | 10,467  |   |   |   | 10,394 |   |   |   | 7,756 |   |
|                                                                                                                                                           |   |                                             |    |   |   |   |   |   |   |   |   |   |
| INCOME TAXES                                                                                                                                                   |   |                                             | 3,366   |   |   |   | 3,258  |   |   |   | 2,047 |   |
|                                                                                                                                                           |   |                                             |    |   |   |   |   |   |   |   |   |   |
|                       NET INCOME                 |   | $                                                | 7,101   |   |   | $      | 7,136  |   |   | $ | 5,709 |   |
|                                                                                                                                                           |   |                                             |    |   |   |   |   |   |   |   |   |   |
| BASIC INCOME PER COMMON SHARE                                                                                                                                  |   | $                                                | 3.40    |   |   | $      | 3.38   |   |   | $ | 2.65 |   |
|                                                                                                                                                           |   |                                             |    |   |   |   |   |   |   |   |   |   |
| DILUTED INCOME PER COMMON SHARE                                                                                                                                |   | $                                                | 3.37    |   |   | $      | 3.36   |   |   | $ | 2.63 |   |
|                                                                                                                                                           |   |                                             |    |   |   |   |   |   |   |   |   |   |
| DIVIDENDS PER SHARE                                                                                                                                            |   | $                                                | 1.42    |   |   | $      | 1.41   |   |   | $ | 1.37 |   |

----

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|                                                                               |   |                                            |    |   |       |   |    |     |   |   |           |   |   |     |    |   | Accumulated   |   |    |   |   |
|------------------------------------------------------------------------------------|--------|-------------------------------------------------|---------|--------|------------|--------|---------|----------|--------|--------|----------------|--------|--------|----------|---------|--------|---------------|--------|---------|--------|--------|
|                                                                               |   |                                            |    |   | Additional |   |    |     |   |   |           |   |   |     |    |   | other         |   |    |   |   |
|                                                                               |   | Common                                          |    |   | paid-in    |   |    | Retained |   |   | Unearned       |   |   | Treasury |    |   | comprehensive |   |    |   |   |
|                                                                               |   | stock                                           |    |   | capital    |   |    | earnings |   |   | (compensation) |   |   | Stock    |    |   | loss          |   |    | Total  |   |
|                                                                               |   | (Dollars in thousands, except per share amounts |    |
| BALANCE - October 1, 2007                                                          |   | $                                               | 46      |   |       | $      | 51,366  |     |   | $      | 62,646         |   |   | $        | — |   |          | $      | (46,049 | )      |   | $ | (1,003 | ) |   | $ | 67,006 |   |
| Exercise of stock options, including tax benefit                                   |   |                                            | 1       |   |       |   | 256     |     |   |   | —        |   |   |     | — |   |          |   | — |   |   |   | — |   |   |   | 257 |   |
| Stock based compensation                                                           |   |                                            | — |   |       |   | 351     |     |   |   | —        |   |   |     | — |   |          |   | — |   |   |   | — |   |   |   | 351 |   |
| Cumulative effect adjustment                                                       |   |                                            | — |   |       |   | — |     |   |   | 208            |   |   |     | — |   |          |   | — |   |   |   | — |   |   |   | 208 |   |
| Purchase of common stock for treasury                                              |   |                                            | — |   |       |   | — |     |   |   | —        |   |   |     | — |   |          |   | (3,264  | )      |   |   | — |   |   |   | (3,264 | ) |
| Dividends declared - $1.37 per share                                               |   |                                            | — |   |       |   | — |     |   |   | (2,963         | )      |   |     | — |   |          |   | — |   |   |   | — |   |   |   | (2,963 | ) |
| Comprehensive income:                                                              |   |                                            |    |   |       |   |    |     |   |   |           |   |   |     |    |   |          |   |    |   |   |   |   |   |   |   |   |   |
|     Net income                                                      |   |                                            | — |   |       |   | — |     |   |   | 5,709          |   |   |     | — |   |          |   | — |   |   |   | — |   |   |   | 5,709 |   |
|     Change in unrealized loss on securities available-for-sale, net |   |                                            |    |   |       |   |    |     |   |   |           |   |   |     |    |   |          |   |    |   |   |   | 740 |   |   |   | 740 |   |
|           Total comprehensive income  |   |                                            |    |   |       |   |    |     |   |   |           |   |   |     |    |   |          |   |    |   |   |   |   |   |   |   | 6,449 |   |
| BALANCE - September 30, 2008                                                       |   |                                            | 47      |   |       |   | 51,973  |     |   |   | 65,600         |   |   |     | — |   |          |   | (49,313 | )      |   |   | (263 | ) |   |   | 68,044 |   |
| Unearned ESOP compensation                                                         |   |                                            | — |   |       |   | — |     |   |   | —        |   |   |     | (586    | )      |          |   | — |   |   |   | — |   |   |   | (586 | ) |
| Exercise of stock options, including tax benefit                                   |   |                                            | — |   |       |   | 14      |     |   |   | —        |   |   |     | — |   |          |   | — |   |   |   | — |   |   |   | 14 |   |
| Tax effect of restricted stock vesting                                             |   |                                            | — |   |       |   | (28     | )        |   |   | —        |   |   |     | — |   |          |   | — |   |   |   | — |   |   |   | (28 | ) |
| Stock based compensation                                                           |   |                                            | — |   |       |   | 326     |     |   |   | —        |   |   |     | — |   |          |   | — |   |   |   | — |   |   |   | 326 |   |
| Purchase of common stock for treasury                                              |   |                                            | — |   |       |   | — |     |   |   | —        |   |   |     | — |   |          |   | (921    | )      |   |   | — |   |   |   | (921 | ) |
| Dividends declared - $1.41 per share                                               |   |                                            | — |   |       |   | — |     |   |   | (2,950         | )      |   |     | — |   |          |   | — |   |   |   | — |   |   |   | (2,950 | ) |
| Comprehensive income:                                                              |   |                                            |    |   |       |   |    |     |   |   |           |   |   |     |    |   |          |   |    |   |   |   |   |   |   |   |   |   |
|    Net income                                                            |   |                                            | — |   |       |   | — |     |   |   | 7,136          |   |   |     | — |   |          |   | — |   |   |   | — |   |   |   | 7,136 |   |
|    Accumulated other comprehensive income,  net (Note 12)      |   |                                            |    |   |       |   |    |     |   |   |           |   |   |     |    |   |          |   |    |   |   |   | 450 |   |   |   | 450 |   |
|           Total comprehensive income  |   |                                            |    |   |       |   |    |     |   |   |           |   |   |     |    |   |          |   |    |   |   |   |   |   |   |   | 7,586 |   |
| BALANCE - September 30, 2009                                                       |   | $                                               | 47      |   |       | $      | 52,285  |     |   | $      | 69,786         |   |   | $        | (586    | )      |          | $      | (50,234 | )      |   | $ | 187 |   |   | $ | 71,485 |   |
| Unearned ESOP compensation                                                         |   |                                            | — |   |       |   | 20      |     |   |   | —        |   |   |     | 260     |   |          |   | — |   |   |   | — |   |   |   | 280 |   |
| Exercise of stock options, including tax benefit                                   |   |                                            | — |   |       |   | 29      |     |   |   | —        |   |   |     | — |   |          |   | — |   |   |   | — |   |   |   | 29 |   |
| Tax effect of restricted stock vesting                                             |   |                                            | — |   |       |   | (53     | )        |   |   | —        |   |   |     | — |   |          |   | — |   |   |   | — |   |   |   | (53 | ) |
| Stock based compensation                                                           |   |                                            | — |   |       |   | 404     |     |   |   | —        |   |   |     | — |   |          |   | — |   |   |   | — |   |   |   | 404 |   |
| Purchase of common stock for treasury                                              |   |                                            | — |   |       |   | — |     |   |   | —        |   |   |     | — |   |          |   | (628    | )      |   |   | — |   |   |   | (628 | ) |
| Dividends declared - $1.42 per share                                               |   |                                            | — |   |       |   | — |     |   |   | (2,945         | )      |   |     | — |   |          |   | — |   |   |   | — |   |   |   | (2,945 | ) |
| Comprehensive income:                                                              |   |                                            |    |   |       |   |    |     |   |   |           |   |   |     |    |   |          |   |    |   |   |   |   |   |   |   |   |   |
|    Net income                                                            |   |                                            | — |   |       |   | — |     |   |   | 7,101          |   |   |     | — |   |          |   | — |   |   |   | — |   |   |   | 7,101 |   |
|    Accumulated other comprehensive income,  net (Note 12)      |   |                                            |    |   |       |   |    |     |   |   |           |   |   |     |    |   |          |   |    |   |   |   | (160 | ) |   |   | (160 | ) |
|           Total comprehensive income  |   |                                            |    |   |       |   |    |     |   |   |           |   |   |     |    |   |          |   |    |   |   |   |   |   |   |   | 6,941 |   |
| BALANCE - September 30, 2010                                                       |   | $                                               | 47      |   |       | $      | 52,685  |     |   | $      | 73,942         |   |   | $        | (326    | )      |          | $      | (50,862 | )      |   | $ | 27 |   |   | $ | 75,513 |   |

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|                                                                                                                     |   |  2010             |    |   |  2009 |   |    |  2008 |   |
|--------------------------------------------------------------------------------------------------------------------------|--------|------------------------|---------|--------|------------|--------|---------|------------|--------|
|                                                                                                                     |   | (Dollars in thousands) |    |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                                                                    |   |                   |    |   |       |   |    |       |   |
|      Net income                                                                                 |   | $                      | 7,101   |   |       | $      | 7,136   |       |   | $ | 5,709 |   |
|      Adjustments to reconcile net income                                                        |   |                   |    |   |       |   |    |       |   |   |   |   |
|           to net cash provided by operating activities:                |   |                   |    |   |       |   |    |       |   |   |   |   |
|             (Accretion of discount) amortization of premium  |   |                   |    |   |       |   |    |       |   |   |   |   |
|             on investments and mortgage-backed securities    |   |                   | (213    | )      |       |   | (295    | )          |   |   | 37 |   |
|             Provision for loan losses                        |   |                   | 3,896   |   |       |   | 3,026   |       |   |   | 825 |   |
|             Provision for loss on real estate owned          |   |                   | 198     |   |       |   | 221     |       |   |   | 54 |   |
|             Stock-based compensation                         |   |                   | 404     |   |       |   | 326     |       |   |   | 351 |   |
|             Deferred income tax (benefit) expense            |   |                   | (1,182  | )      |       |   | (925    | )          |   |   | 58 |   |
|              (Gain) Loss on sale of loans               |   |                   | (13     | )      |       |   | (559    | )          |   |   | 172 |   |
|             Loss on sale and impairment of equity securities |   |                   | (37     | )      |       |   | 99      |       |   |   | 2,580 |   |
|             Gains on sale of premises and equipment          |   |                   | — |   |       |   | (10     | )          |   |   | (1 | ) |
|             Loss on sale of real estate owned                |   |                   | 103     |   |       |   | 16      |       |   |   | 38 |   |
|             Impairment of securities                         |   |                   | 177     |   |       |   | 936     |       |   |   | 408 |   |
|             Depreciation                                     |   |                   | 1,560   |   |       |   | 1,536   |       |   |   | 1,533 |   |
|             Increase in bank owned life insurance            |   |                   | (586    | )      |       |   | (597    | )          |   |   | (635 | ) |
|             Amortization of intangible assets                |   |                   | 28      |   |       |   | 41      |       |   |   | 54 |   |
|             Change in prepaid expenses and other assets      |   |                   | (2,427  | )      |       |   | 308     |       |   |   | (1,379 | ) |
|             Decrease in accrued interest receivable          |   |                   | 142     |   |       |   | 349     |       |   |   | 109 |   |
|             Change in accounts payable and other liabilities |   |                   | (566    | )      |       |   | 725     |       |   |   | 410 |   |
|             Decrease in accrued interest payable             |   |                   | (314    | )      |       |   | (132    | )          |   |   | (566 | ) |
|             Other, net                                       |   |                   | (138    | )      |       |   | 775     |       |   |   | (287 | ) |
|                                                                                                                     |   |                   |    |   |       |   |    |       |   |   |   |   |
| NET CASH PROVIDED BY OPERATING ACTIVITIES                                                                                |   |                   | 8,133   |   |       |   | 12,976  |       |   |   | 9,470 |   |
|                                                                                                                     |   |                   |    |   |       |   |    |       |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES:                                                                                    |   |                   |    |   |       |   |    |       |   |   |   |   |
|      Proceeds from sales of investment securities                                               |   |                   |    |   |       |   |    |       |   |   |   |   |
|           available-for-sale                                           |   |                   | 577     |   |       |   | 201     |       |   |   | 2,357 |   |
|      Purchase of securities available-for-sale                                                  |   |                   | (178    | )      |       |   | (12     | )          |   |   | (499 | ) |
|      Principal repayments on securities available-for-sale                                      |   |                   | 5,517   |   |       |   | 6,299   |       |   |   | 10,311 |   |
|      Purchase of securities held-to-maturity                                                    |   |                   | (18,120 | )      |       |   | (33,954 | )          |   |   | (18,374 | ) |
|      Principal repayments on securities held-to-maturity                                        |   |                   | 34,036  |   |       |   | 11,855  |       |   |   | 6,743 |   |
|      Net loan originations                                                                      |   |                   | (4,255  | )      |       |   | (33,056 | )          |   |   | (62,811 | ) |
|      Purchase of loans                                                                          |   |                   | (1,358  | )      |       |   | (4,684  | )          |   |   | (3,474 | ) |
|      Proceeds from sales of loans                                                               |   |                   | 1,536   |   |       |   | 28,654  |       |   |   | 42,952 |   |
|      Investment in FHLB stock, net                                                              |   |                   | (339    | )      |       |   | (299    | )          |   |   | (421 | ) |
|      Purchase of premises and equipment                                                         |   |                   | (1,094  | )      |       |   | (1,855  | )          |   |   | (2,287 | ) |
|      Proceeds from sale of premises and equipment                                               |   |                   | — |   |       |   | 10      |       |   |   | 1 |   |
|      Proceeds from sale of real estate owned                                                    |   |                   | 2,557   |   |       |   | 350     |       |   |   | 855 |   |
|                                                                                                                     |   |                   |    |   |       |   |    |       |   |   |   |   |
|      NET CASH PROVIDED (USED) IN                                                                |   |                   |    |   |       |   |    |       |   |   |   |   |
|         INVESTING ACTIVITIES                                                     |   |                   | 18,879  |   |       |   | (26,491 | )          |   |   | (24,647 | ) |

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|                                                                                                                                  |   | 2010                   |    |   | 2009   |   |    | 2008   |   |
|---------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|---------|--------|--------|--------|---------|--------|--------|
|                                                                                                                                  |   | (Dollars in thousands) |    |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                                                                                 |   |                   |    |   |   |   |    |   |   |
|      Dividends paid                                                                                          |   | $                      | (2,945  | )      |   | $      | (2,950  | )      |   | $ | (2,963 | ) |
|      Repayment (loan to) ESOP                                                                                |   |                   | 260     |   |   |   | (586    | )      |   |   | - |   |
|      Net increase (decrease) in deposits                                                                     |   |                   | (6,114  | )      |   |   | (3,759  | )      |   |   | 33,659 |   |
|      Proceeds of long-term FHLB advances                                                                     |   |                   | 10,000  |   |   |   | 5,000   |   |   |   | 43,000 |   |
|      Repayment of long-term FHLB advances                                                                    |   |                   | (10,611 | )      |   |   | (9,249  | )      |   |   | (5,379 | ) |
|      Net increase (decrease) in short-term FHLB advances                                                     |   |                   | -       |   |   |   | -       |   |   |   | (22,500 | ) |
|      Cash paid for purchase of common stock for treasury                                                     |   |                   | (628    | )      |   |   | (921    | )      |   |   | (3,264 | ) |
|      Proceeds from exercise of stock options                                                                 |   |                   | 29      |   |   |   | 14      |   |   |   | 107 |   |
|      Excess tax benefit (expense)from share-based payment                                                    |   |                   |    |   |   |   |    |   |   |   |   |   |
|           arrangements                                                              |   |                   | (53     | )      |   |   | (28     | )      |   |   | 150 |   |
|      Change in advance payments by                                                                           |   |                   |    |   |   |   |    |   |   |   |   |   |
|           borrowers for taxes and insurance                                         |   |                   | 30      |   |   |   | (443    | )      |   |   | 668 |   |
|                                                                                                                                  |   |                   |    |   |   |   |    |   |   |   |   |   |
| NET CASH (USED) PROVIDED                                                                                                              |   |                   |    |   |   |   |    |   |   |   |   |   |
|  BY FINANCING ACTIVITIES                                                                                                         |   |                   | (10,032 | )      |   |   | (12,922 | )      |   |   | 43,478 |   |
|                                                                                                                                  |   |                   |    |   |   |   |    |   |   |   |   |   |
|                NET INCREASE (DECREASE) IN                  |   |                   |    |   |   |   |    |   |   |   |   |   |
|                   CASH AND CASH EQUIVALENTS |   |                   | 16,980  |   |   |   | (26,437 | )      |   |   | 28,301 |   |
|                                                                                                                                  |   |                   |    |   |   |   |    |   |   |   |   |   |
| CASH AND CASH EQUIVALENTS                                                                                                             |   |                   |    |   |   |   |    |   |   |   |   |   |
|      Beginning of year                                                                                       |   |                   | 23,675  |   |   |   | 50,112  |   |   |   | 21,811 |   |
|                                                                                                                                  |   |                   |    |   |   |   |    |   |   |   |   |   |
| CASH AND CASH EQUIVALENTS                                                                                                             |   |                   |    |   |   |   |    |   |   |   |   |   |
|      End of year                                                                                             |   | $                      | 40,655  |   |   | $      | 23,675  |   |   | $ | 50,112 |   |
|                                                                                                                                  |   |                   |    |   |   |   |    |   |   |   |   |   |
| SUPPLEMENTAL DISCLOSURE OF CASH                                                                                                       |   |                   |    |   |   |   |    |   |   |   |   |   |
|      FLOW INFORMATION                                                                                        |   |                   |    |   |   |   |    |   |   |   |   |   |
|      Cash paid for interest                                                                                  |   | $                      | 12,018  |   |   | $      | 15,429  |   |   | $ | 20,299 |   |
|                                                                                                                                  |   |                   |    |   |   |   |    |   |   |   |   |   |
|      Cash paid for taxes                                                                                     |   | $                      | 4,600   |   |   | $      | 3,800   |   |   | $ | 2,675 |   |
|                                                                                                                                  |   |                   |    |   |   |   |    |   |   |   |   |   |
| SUPPLEMENTAL SCHEDULE OF NON-CASH                                                                                                     |   |                   |    |   |   |   |    |   |   |   |   |   |
|      INVESTING ACTIVITIES:                                                                                   |   |                   |    |   |   |   |    |   |   |   |   |   |
|      Accumulated other comprehensive income,                                                                 |   | $                      | 160     |   |   | $      | 450     |   |   | $ | 740 |   |
|         net of income taxes                                                                   |   |                   |    |   |   |   |    |   |   |   |   |   |
|                                                                                                                                  |   |                   |    |   |   |   |    |   |   |   |   |   |
|      Transfer from loans to real estate owned                                                                |   | $                      | 3,572   |   |   | $      | 2,212   |   |   | $ | 727 |   |
|                                                                                                                                  |   |                   |    |   |   |   |    |   |   |   |   |   |
|      Loans originated to sell real estate owned                                                              |   | $                      | 1,486   |   |   | $      | 15      |   |   | $ | 620 |   |
|                                                                                                                                  |   |                   |    |   |   |   |    |   |   |   |   |   |
|      Investment securities received from Ultra Short AMF                                                     |   |                   |    |   |   |   |    |   |   |   |   |   |
|      Fund Redemption                                                                                         |   | $                      | -       |   |   | $      | -       |   |   | $ | 11,193 |   |
|                                                                                                                                  |   |                   |    |   |   |   |    |   |   |   |   |   |
|      Cumulative effect adjustment (Note 1)                                                                   |   | $                      | -       |   |   | $      | -       |   |   | $ | 208 |   |

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| 1. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
|----|--------------------------------------------|

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| 2. | INTEREST RATE RISK |
|----|--------------------|

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|                                                 |   | September 30, 2010 |   |
|------------------------------------------------------|--------|--------------------|--------|
|                                                 |   |               |   |   | Gross |   |   | Gross |   |   | Estimated |   |
|                                                 |   | Amortized Cost     |   |   | Unrealized Gains |   |   | Unrealized Losses |   |   | FairValue |   |
|                                                 |   |               |   |   |   |   |   |   |   |   |   |   |
| Mortgage-backed securities:                          |   |               |   |   |   |   |   |   |   |   |   |   |
|   Government National Mortgage Association |   | $                  | 2,039  |   |   | $ | 59 |   |   | $ | — |   |   | $ | 2,098 |   |
|   Federal Home Loan Mortgage Corporation   |   |               | 4,974  |   |   |   | 135 |   |   |   | — |   |   |   | 5,109 |   |
|   Federal National Mortgage Association    |   |               | 4,448  |   |   |   | 221 |   |   |   | — |   |   |   | 4,669 |   |
|                                                 |   |               | 11,461 |   |   |   | 415 |   |   |   | — |   |   |   | 11,876 |   |
| Collateralized mortgage obligations                  |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CMO’s:                                         |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Government National Mortgage Association |   |               | 2,474  |   |   |   | 178 |   |   |   | — |   |   |   | 2,652 |   |
|   Marketable equity securities             |   |               | 372    |   |   |   | 96 |   |   |   | — |   |   |   | 468 |   |
| Total                                                |   | $                  | 14,307 |   |   | $ | 689 |   |   | $ | — |   |   | $ | 14,996 |   |

|                                                 |   | September 30, 2009 |   |
|------------------------------------------------------|--------|--------------------|--------|
|                                                 |   |               |   |   | Gross |   |   | Gross |   |   | Estimated |   |
|                                                 |   | Amortized Cost     |   |   | Unrealized Gains |   |   | UnrealizedLosses |   |   | FairValue |   |
|                                                 |   |               |   |   |   |   |   |   |   |   |   |   |
| Mortgage-backed securities:                          |   |               |   |   |   |   |   |   |   |   |   |   |
|   Government National Mortgage Association |   | $                  | 2,508  |   |   | $ | 41 |   |   | $ | — |   |   | $ | 2,549 |   |
|   Federal Home Loan Mortgage Corporation   |   |               | 8,187  |   |   |   | 139 |   |   |   | (4 | ) |   |   | 8,322 |   |
|   Federal National Mortgage Association    |   |               | 5,809  |   |   |   | 211 |   |   |   | - |   |   |   | 6,020 |   |
|                                                 |   |               | 16,504 |   |   |   | 391 |   |   |   | (4 | ) |   |   | 16,891 |   |
| Collateralized mortgage obligations                  |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CMO’s:                                         |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Government National Mortgage Association |   |               | 3,181  |   |   |   | 136 |   |   |   | — |   |   |   | 3,317 |   |
|   Marketable equity securities             |   |               | 592    |   |   |   | 159 |   |   |   | (23 | ) |   |   | 728 |   |
| Total                                                |   | $                  | 20,277 |   |   | $ | 686 |   |   | $ | (27 | ) |   | $ | 20,936 |   |

----

----

|                                               |   | September 30, 2010 |   |
|----------------------------------------------------|--------|--------------------|--------|
|                                               |   |               |   |   | Gross |   |   | Gross |   |   | Estimated |   |
|                                               |   | Amortized Cost     |   |   | Unrealized Gains |   |   | Unrealized Losses |   |   | FairValue |   |
| Investment securities:                             |   |               |   |   |   |   |   |   |   |   |   |   |
|   Federal Home Loan Bank                 |   | $                  | 5,000  |   |   | $ | 3 |   |   | $ | — |   |   | $ | 5,003 |   |
|   Time deposits other banks              |   |               | 24,219 |   |   |   | — |   |   |   | — |   |   |   | 24,219 |   |
| Mortgage-backed securities:                        |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Federal National Mortgage Association  |   |               | 17,873 |   |   |   | 1,069 |   |   |   | — |   |   |   | 18,942 |   |
|   Federal Home Loan Mortgage Corporation |   |               | 7,918  |   |   |   | 577 |   |   |   | — |   |   |   | 8,495 |   |
|   Private Label                               |   |               | 1,841  |   |   |   | 291 |   |   |   | (217 | ) |   |   | 1,915 |   |
| CMOs:                                              |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Federal Home Loan Mortgage Corporation |   |               | 197    |   |   |   | 2 |   |   |   | — |   |   |   | 199 |   |
|   Federal National Mortgage Association  |   |               | 1,343  |   |   |   | 67 |   |   |   | — |   |   |   | 1,410 |   |
|   Private Label                          |   |               | 1,175  |   |   |   | 361 |   |   |   | (8 | ) |   |   | 1,528 |   |
|                                               |   | $                  | 59,566 |   |   | $ | 2,370 |   |   | $ | (225 | ) |   | $ | 61,711 |   |

|                                               |   | September 30, 2009 |   |
|----------------------------------------------------|--------|--------------------|--------|
|                                               |   |               |   |   | Gross |   |   | Gross |   |   | Estimated |   |
|                                               |   | Amortized Cost     |   |   | Unrealized Gains |   |   | Unrealized Losses |   |   | FairValue |   |
| Investment securities:                             |   |               |   |   |   |   |   |   |   |   |   |   |
|   Federal Home Loan Bank                 |   | $                  | 16,476 |   |   | $ | 97 |   |   | $ | — |   |   | $ | 16,573 |   |
|   Time deposits other banks              |   |               | 17,049 |   |   |   | 24 |   |   |   | — |   |   |   | 17,073 |   |
| Mortgage-backed securities:                        |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Federal National Mortgage Association  |   |               | 24,658 |   |   |   | 1,212 |   |   |   | (1 | ) |   |   | 25,869 |   |
|   Federal Home Loan Mortgage Corportion  |   |               | 10,770 |   |   |   | 709 |   |   |   | — |   |   |   | 11,479 |   |
|   Private Label                               |   |               | 2,572  |   |   |   | 146 |   |   |   | (588 | ) |   |   | 2,130 |   |
| CMOs:                                              |   |               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Federal Home Loan Mortgage Corporation |   |               | 341    |   |   |   | 6 |   |   |   | — |   |   |   | 347 |   |
|   Federal National Mortgage Association  |   |               | 1,843  |   |   |   | 63 |   |   |   | — |   |   |   | 1,906 |   |
|   Private Label                          |   |               | 1,675  |   |   |   | 40 |   |   |   | (205 | ) |   |   | 1,510 |   |
|                                               |   | $                  | 75,384 |   |   | $ | 2,297 |   |   | $ | (794 | ) |   | $ | 76,887 |   |

----

----

|                   |   | Securities with losses |   |   | Securities with losses |   |   |       |   |   |                  |   |
|------------------------|--------|------------------------|--------|--------|------------------------|--------|--------|------------|--------|--------|-----------------------|--------|
|                   |   | under 12 months        |   |   | over 12 months         |   |   | Total      |   |
|                   |   |  Fair value       |   |   | Grossunrealizedlosses  |   |   | Fair value |   |   | Grossunrealizedlosses |   |   | Fair value |   |   | Grossunrealizedlosses |   |
| Held-to-Maturity       |   |                   |   |   |                   |   |   |       |   |   |                  |   |   |   |   |   |   |   |
|                   |   |                   |   |   |                   |   |   |       |   |   |                  |   |   |   |   |   |   |   |
| Investment securities: |   |                   |   |   |                   |   |   |       |   |   |                  |   |   |   |   |   |   |   |
| Private Label          |   | $                      | 53     |   |                   | $      | (18    | )          |   | $      | 809                   |   |   | $ | (199 | ) |   | $ | 862 |   |   | $ | (217 | ) |
| CMOs:                  |   |                   |   |   |                   |   |   |       |   |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Private label          |   |                   | 368    |   |                   |   | (6     | )          |   |   | 8                     |   |   |   | (2 | ) |   |   | 376 |   |   |   | (8 | ) |
|                   |   | $                      | 421    |   |                   | $      | (24    | )          |   | $      | 817                   |   |   | $ | (201 | ) |   | $ | 1,238 |   |   | $ | (225 | ) |

----

----

|                                               | Securities with losses |   | Securities with losses |   |       |   |                  |   |
|----------------------------------------------------|------------------------|--------|------------------------|--------|------------|--------|-----------------------|--------|
|                                               | under 12 months        |   | over 12 months         |   | Total      |   |
|                                               |  Fair value       |   | Grossunrealizedlosses  |   | Fair value |   | Grossunrealizedlosses |   | Fair value |   | Grossunrealizedlosses |   |
| Available-for-sale                                 |                   |   |                   |   |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
|                                               |                   |   |                   |   |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
|   Federal Home Loan Mortgage Corporation |                   | $      | 1,463                  |   |       | $      | (4                    | )      |   | $ | — |   |   | $ | — |   |   | $ | 1,463 |   |   | $ | (4 | ) |
| Marketable equity securities                       |                   |   | 64                     |   |       |   | (12                   | )      |   |   | 11 |   |   |   | (11 | ) |   |   | 75 |   |   |   | (23 | ) |
|                                               |                   | $      | 1,527                  |   |       | $      | (16                   | )      |   | $ | 11 |   |   | $ | (11 | ) |   | $ | 1,538 |   |   | $ | (27 | ) |

|                                   |   | Securities with losses |    |   | Securities with losses |   |    |      |   |   |                  |   |
|----------------------------------------|--------|------------------------|---------|--------|------------------------|--------|---------|-----------|--------|--------|-----------------------|--------|
|                                   |   | under 12 months        |    |   | over 12 months         |   |    | Total     |   |
|                                   |   |  Fairvalue        |    |   | Grossunrealizedlosses  |   |    | Fairvalue |   |   | Grossunrealizedlosses |   |   | Fair value |   |   | Grossunrealizedlosses |   |
| Held-to-maturity                       |   |                   |    |   |                   |   |    |      |   |   |                  |   |   |   |   |   |   |   |
|                                   |   |                   |    |   |                   |   |    |      |   |   |                  |   |   |   |   |   |   |   |
| Investment securities                  |   |                   |    |   |                   |   |    |      |   |   |                  |   |   |   |   |   |   |   |
|   Federal Home Loan Bank     |   | $                      | — |   |                   | $      | — |      |   | $      | —               |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |
|   Time deposits other banks  |   |                   |    |   |                   |   |    |      |   |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Mortgage-backed securities:            |   |                   |    |   |                   |   |    |      |   |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Federal National Mortgage Association  |   |                   | 272     |   |                   |   | — |      |   |   | 122                   |   |   | $ | (1 | ) |   | $ | 394 |   |   | $ | (1 | ) |
| Federal Home Loan Mortgage Corporation |   |                   |    |   |                   |   |    |      |   |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Private Label                          |   |                   | 459     |   |                   |   | (82     | )    |   |   | 888                   |   |   |   | (506 | )  |   |   | 1,347 |   |   |   | (588 | )  |
| CMOs:                                  |   |                   |    |   |                   |   |    |      |   |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Federal Home Loan Mortgage Corporation |   |                   |    |   |                   |   |    |      |   |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Federal National Mortgage Association  |   |                   | — |   |                   |   | — |      |   |   | 33                    |   |   |   | — |   |   |   | 33 |   |   |   | — |   |
|     Private Label       |   |                   | 11      |   |                   |   | (20     | )         |   |   | 1,019                 |   |   |   | (185 | ) |   |   | 1,030 |   |   |   | (205 | ) |
|                                   |   | $                      | 742     |   |                   | $      | (102    | )         |   | $      | 2,062                 |   |   | $ | (692 | ) |   | $ | 2,804 |   |   | $ | (794 | ) |

----

----

|  (In thousands)                     |   | Amortized Cost |   |   | Fair Value |   |
|------------------------------------------|--------|----------------|--------|--------|------------|--------|
| Due within one year                      |   | $              | 22,979 |   |       | $      | 22,982 |   |
| Due after one year but within five years |   |           | 6,240  |   |       |   | 6,240 |   |
| Total                                    |   |           | 29,219 |   |       |   | 29,222 |   |
|                                     |   |           |   |   |       |   |   |   |
| Mortgage-backed securities               |   |           | 30,347 |   |       |   | 32,489 |   |
|                                     |   | $              | 59,566 |   |       | $      | 61,711 |   |

----

----

|         Beginning balance of credit losses at October 1, 2009*                                |   | $      | 1,344  |   |
|----------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
|                                                                                                                             |   |   |   |   |
|         Other-than-temporary impairment credit losses on securities not previously OTTI  |   |   | 88     |   |
|                                                                                                                             |   |   |   |   |
|         Increases for additional credit losses on securities previously determined to be OTTI |   |   | 99     |   |
|                                                                                                                             |   |   |   |   |
|         Reduction for increases in cash flows                                                 |   |   | (10    | )      |
|                                                                                                                             |   |   |   |   |
|         Reduction for realized losses                                                         |   |   | (79    | )      |
|                                                                                                                             |   |   |   |   |
|         Ending balance of cumulative credit losses recognized in earnings                     |   | $      | 1,442  |   |

|         Beginning balance of credit losses at October 1, 2008*            |   | $      | 408    |   |
|--------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
|                                                                                                         |   |   |   |   |
|         Other-than-temporary impairment credit losses                     |   |   | 936    |   |
|                                                                                                         |   |   |   |   |
|         Ending balance of cumulative credit losses recognized in earnings |   | $      | 1,344  |   |

----

----

| Summary                                                                                  |   | In Millions |   |
|------------------------------------------------------------------------------------------|--------|-------------|--------|
|         Cash received                                 |   | $           | 2.3    |   |
|         Private Label MBS’s and CMOs, at market |   |        | 7.1    |   |
|         GSE MBS’s and CMOs, at market           |   |        | 4.1    |   |
|         Loss                                          |   |        | 2.6    |   |
|         Total                                         |   | $           | 16.1   |   |

|                                             |   | September 30, |    |
|--------------------------------------------------|--------|---------------|---------|
|                                             |   | 2010          |    |   | 2009 |   |
| Residential real estate mortgage loans:          |   |          |    |   |   |   |
| One-to-four family units - Conforming       |   | $             | 128,237 |   |   | $ | 131,735 |   |
| One-to-four family units - Commercial-Smart |   |          | 44,139  |   |   |   | 39,652 |   |
| One-to-four family units - Smart            |   |          | 86,959  |   |   |   | 83,775 |   |
| Multi-family-Smart                               |   |          | 24,354  |   |   |   | 25,253 |   |
| Land loans-Smart                                 |   |          | 39,048  |   |   |   | 40,243 |   |
| Construction loans                               |   |          | 4,320   |   |   |   | 4,800 |   |
| Commercial real estate loans-Smart               |   |          | 94,504  |   |   |   | 94,352 |   |
| Commercial non-real estate loans-Smart           |   |          | 30,929  |   |   |   | 30,434 |   |
| Home improvement and home equity loans-Smart     |   |          | 52,276  |   |   |   | 57,137 |   |
| Loans on savings accounts-Smart                  |   |          | 4,672   |   |   |   | 7,779 |   |
| Auto loans-Smart                                 |   |          | 2,716   |   |   |   | 3,045 |   |
| Mobile home loans-Smart                          |   |          | 70,765  |   |   |   | 68,850 |   |
| Other secured and unsecured-Smart                |   |          | 13,375  |   |   |   | 8,605 |   |
|                                             |   |          | 596,294 |   |   |   | 595,660 |   |
| Less                                             |   |          |    |   |   |   |   |   |
| Allowance for loan losses                        |   |          | 9,256   |   |   |   | 6,806 |   |
| Deferred loan fees, net                          |   |          | 403     |   |   |   | 327 |   |
|                                             |   | $             | 586,635 |   |   | $ | 588,527 |   |

----

----

|                                   |   | Year Ended September 30, |   |
|----------------------------------------|--------|--------------------------|--------|
|                                   |   | 2010                     |   |   | 2009 |   |   | 2008 |   |
|                                   |   |                     |   |   |   |   |   |   |   |
| Beginning balance - October 1          |   | $                        | 6,806  |   |   | $ | 5,545 |   |   | $ | 5,083 |   |
| Provision charged to operating expense |   |                     | 3,896  |   |   |   | 3,026 |   |   |   | 825 |   |
| Recoveries                             |   |                     | 30     |   |   |   | 29 |   |   |   | 19 |   |
| Loans charged off                      |   |                     | (1,476 | ) |   |   | (1,794 | ) |   |   | (382 | ) |
|                                   |   |                     |   |   |   |   |   |   |   |   |   |   |
| Ending balance - September 30          |   | $                        | 9,256  |   |   | $ | 6,806 |   |   | $ | 5,545 |   |

----

----

|                                                                                   |   |   | September 30, |   |
|----------------------------------------------------------------------------------------|--------|--------|---------------|--------|
|                                                                                   |   |   | 2010          |   |   |   | 2009 |   |
|                                                                                   |   |   |          |   |   |   |   |   |
| Real estate acquired through foreclosure:                                              |   |   |          |   |   |   |   |   |
|         One-to-four family units – Conforming |   | $      | 685           |   |   | $ | 118 |   |
|         One-to-four family units – Smart      |   |   | 221           |   |   |   | 320 |   |
|         Multi-family                                |   |   | --            |   |   |   | 1,190 |   |
|         Land loans                                  |   |   | 202           |   |   |   | 404 |   |
|         Commercial real estate loans                |   |   | 240           |   |   |   | 174 |   |
| Less allowance for losses                                                              |   |   | (167          | )      |   |   | (253 | ) |
|                                                                                   |   |   |          |   |   |   |   |   |
| Real estate owned - net                                                                |   | $      | 1,181         |   |   | $ | 1,953 |   |

|                              |   | September 30, |    |
|-----------------------------------|--------|---------------|---------|
|                              |   | 2010          |    |   | 2009 |   |
|                              |   |          |    |   |   |   |
| Land                              |   | $             | 10,637  |   |   | $ | 10,686 |   |
| Buildings and improvements        |   |          | 19,135  |   |   |   | 19,075 |   |
| Furniture, fixtures and equipment |   |          | 11,682  |   |   |   | 10,750 |   |
|                              |   |          | 41,454  |   |   |   | 40,511 |   |
| Less accumulated depreciation     |   |          | (14,700 | ) |   |   | (13,292 | ) |
|                              |   |          |    |   |   |   |   |   |
|                              |   | $             | 26,754  |   |   | $ | 27,219 |   |

|         2011 |   | $      | 94  |   |
|-------------------------------------------------|--------|--------|-----|--------|
|         2012 |   |   | 51  |   |
|         2013 |   |   | --  |   |
|                                            |   | $      | 145 |   |

----

----

|                                 |   | September 30, |    |
|--------------------------------------|--------|---------------|---------|
|                                 |   | 2010          |    |   | 2009 |   |
|                                 |   |          |    |   |   |   |
| Non-interest bearing demand accounts |   | $             | 72,225  |   |   | $ | 64,380 |   |
| Interest bearing:                    |   |          |    |   |   |   |   |   |
| NOW accounts                         |   |          | 100,981 |   |   |   | 101,416 |   |
| Passbook and regular savings         |   |          | 166,734 |   |   |   | 106,479 |   |
| Money funds accounts                 |   |          | 60,246  |   |   |   | 95,461 |   |
| Certificates of deposit              |   |          | 179,169 |   |   |   | 217,733 |   |
|                                 |   |          |    |   |   |   |   |   |
|                                 |   | $             | 579,355 |   |   | $ | 585,469 |   |

| Less than one year |   | $      | 70,819  |   |
|--------------------|--------|--------|---------|--------|
| 1-2 years          |   |   | 56,894  |   |
| 2-3 years          |   |   | 14,268  |   |
| 3-4 years          |   |   | 11,795  |   |
| 4-5 years          |   |   | 20,292  |   |
| Over 5 years       |   |   | 5,101   |   |
|               |   |   |    |   |
| TOTAL              |   | $      | 179,169 |   |

----

----

|  Year Ended                    |   |   |    |
|-------------------------------------|--------|--------|---------|
| September 30,                       |   |   |    |
|      2011       |   | $      | 21,579  |   |
|      2012       |   |   | 5,534   |   |
|      2013       |   |   | 5,828   |   |
|      2014       |   |   | 11,038  |   |
|      2015       |   |   | 9,355   |   |
|      Thereafter |   |   | 46,683  |   |
|                                |   |   |    |   |
|                                |   | $      | 100,017 |   |

|                     |   | Year Ended September 30, |   |
|--------------------------|--------|--------------------------|--------|
|                     |   | 2010                     |   |   | 2009 |   |   | 2008 |   |
|                     |   |                     |   |   |   |   |   |   |   |
| Life insurance contracts |   | $                        | 586    |   |   | $ | 597 |   |   | $ | 635 |   |
| Other                    |   |                     | 274    |   |   |   | 306 |   |   |   | 463 |   |
|                     |   |                     |   |   |   |   |   |   |   |   |   |   |
|                     |   | $                        | 860    |   |   | $ | 903 |   |   | $ | 1,098 |   |

----

----

|                                                                                  |   | Year Ended September 30, |   |
|---------------------------------------------------------------------------------------|--------|--------------------------|--------|
|                                                                                  |   | 2010                     |   |   | 2009 |   |
| Deferred tax assets:                                                                  |   |                     |   |   |   |   |
|      Allowance for loan losses                                    |   | $                        | 2,789  |   |   | $ | 1,733 |   |
|      Accruals and stock based compensation                        |   |                     | 1,007  |   |   |   | 886 |   |
| Impairments on securities                                                             |   |                     | 30     |   |   |   | 516 |   |
|           Total deferred tax assets      |   |                     | 3,826  |   |   |   | 3,135 |   |
| Deferred tax liabilities:                                                             |   |                     |   |   |   |   |   |   |
|      Deferred loan fees and costs - net                           |   |                     | 201    |   |   |   | 197 |   |
|      Tax over book depreciation                                   |   |                     | 1,086  |   |   |   | 1,143 |   |
|      Net unrealized gain on investment securities                 |   |                     | 14     |   |   |   | 96 |   |
|      Dividends on FHLB stock                                      |   |                     | 392    |   |   |   | 386 |   |
|      Other                                                        |   |                     | 276    |   |   |   | 418 |   |
|           Total deferred tax liabilities |   |                     | 1,969  |   |   |   | 2,240 |   |
|                                                                                  |   |                     |   |   |   |   |   |   |
|           Net deferred tax asset         |   | $                        | 1,857  |   |   | $ | 895 |   |

|     |   | Year Ended September 30, |   |
|----------|--------|--------------------------|--------|
|     |   | 2010                     |   |   | 2009 |   |   | 2008 |   |
|     |   |                     |   |   |   |   |   |   |   |
| Current  |   | $                        | 4,548  |   |   | $ | 4,183 |   |   | $ | 1,989 |   |
| Deferred |   |                     | (1,182 | ) |   |   | (925 | ) |   |   | 58 |   |
|     |   | $                        | 3,366  |   |   | $ | 3,258 |   |   | $ | 2,047 |   |

|                                           |   | Year Ended September 30, |   |
|------------------------------------------------|--------|--------------------------|--------|
|                                           |   | 2010                     |   |   | 2009 |   |   | 2008 |   |
| Taxes computed at statutory rates              |   | $                        | 3,559  |   |   | $ | 3,534 |   |   | $ | 2,637 |   |
| Decrease in taxes due to net nontaxable income |   |                     | (158   | ) |   |   | (134 | ) |   |   | (160 | ) |
| Tax credits                                    |   |                     | (35    | ) |   |   | (142 | ) |   |   | (430 | ) |
|                                           |   | $                        | 3,366  |   |   | $ | 3,258 |   |   | $ | 2,047 |   |
|                                           |   |                     |   |   |   |   |   |   |   |   |   |   |
| Effective tax rate                             |   |                     | 32.2   | %  |   |   | 31.3 | % |   |   | 26.4 | % |

----

----

|                                               |   | Year Ended September 30, |   |
|----------------------------------------------------|--------|--------------------------|--------|
|                                               |   | 2010                     |   |   | 2009 |   |   | 2008 |   |
| Occupancy, including depreciation, insurance,      |   |                     |   |   |   |   |   |   |   |   |   |   |
| rent, utilities, etc.                              |   | $                        | 2,398  |   |   | $ | 2,307 |   |   | $ | 2,276 |   |
| Equipment, including depreciation, telephone, etc. |   |                     | 2,528  |   |   |   | 2,458 |   |   |   | 2,444 |   |
| Data processing                                    |   |                     | 1,403  |   |   |   | 1,479 |   |   |   | 1,364 |   |
|                                               |   |                     |   |   |   |   |   |   |   |   |   |   |
|                                               |   | $                        | 6,329  |   |   | $ | 6,244 |   |   | $ | 6,084 |   |

|                                                |   | Year Ended September 30, |   |
|-----------------------------------------------------|--------|--------------------------|--------|
|                                                |   | 2010                     |   |   | 2009 |   |   | 2008 |   |
|                                                |   |                     |   |   |   |   |   |   |   |   |   |   |
| Stationery, printing and postage                    |   | $                        | 1,103  |   |   | $ | 950 |   |   | $ | 1,060 |   |
| Debit card expense, and other deposit related costs |   |                     | 1,648  |   |   |   | 1,731 |   |   |   | 1,749 |   |
| Other                                               |   |                     | 1,583  |   |   |   | 1,637 |   |   |   | 1,375 |   |
|                                                |   |                     |   |   |   |   |   |   |   |   |   |   |
|                                                |   | $                        | 4,334  |   |   | $ | 4,318 |   |   | $ | 4,184 |   |

----

----

|                                                    |   | Grossamount |   |   | TaxEffect |   |   | Net ofTaxamount |   |
|---------------------------------------------------------|--------|-------------|--------|--------|-----------|--------|--------|-----------------|--------|
| 2010                                                    |   |        |   |   |      |   |   |            |   |   |   |   |
| Gross change in unrealized loss on securities           |   |        |   |   |      |   |   |            |   |   |   |   |
| held to maturity with OTTI                              |   | $           | (648   | )      |      | $      | 220    |            |   | $ | (428 | ) |
| Gross change in unrealized gain (loss) on securities    |   |        |   |   |      |   |   |            |   |   |   |   |
| available-for-sale                                      |   |        | 284    |   |      |   | (97    | )               |   |   | 187 |   |
| Less reclassification for OTTI losses on                |   |        |   |   |      |   |   |            |   |   |   |   |
| held to maturity securities included in net income      |   |        | 177    |   |      |   | (60    | )               |   |   | 117 |   |
| Less reclassification for gain on sale                  |   |        |   |   |      |   |   |            |   |   |   |   |
| of available for sale securities included in net income |   |        | (108   | )      |      |   | 37     |            |   |   | (71 | ) |
| Less reclassification for OTTI losses on sale           |   |        |   |   |      |   |   |            |   |   |   |   |
| of available for sale securities included in net income |   |        | 53     |   |      |   | (18    | )               |   |   | 35 |   |
| Other comprehensive income                              |   | $           | (242   | )      |      | $      | 82     |            |   | $ | (160 | ) |

|                                                    |   | Grossamount |   |   | TaxEffect |   |   | Net ofTaxamount |   |
|---------------------------------------------------------|--------|-------------|--------|--------|-----------|--------|--------|-----------------|--------|
| 2009                                                    |   |        |   |   |      |   |   |            |   |   |   |   |
| Gross change in unrealized loss on securities           |   |        |   |   |      |   |   |            |   |   |   |   |
| held to maturity with OTTI                              |   | $           | (375   | )      |      | $      | 128    |            |   | $ | (247 | ) |
| Gross change in unrealized gain (loss) on securities    |   |        |   |   |      |   |   |            |   |   |   |   |
| available-for-sale                                      |   |        | 21     |   |      |   | (7     | )               |   |   | 14 |   |
| Less reclassification for OTTI losses on                |   |        |   |   |      |   |   |            |   |   |   |   |
| held to maturity securities included in net income      |   |        | 936    |   |      |   | (318   | )               |   |   | 618 |   |
| Less reclassification for gain on sale                  |   |        |   |   |      |   |   |            |   |   |   |   |
| of available for sale securities included in net income |   |        | (76    | )      |      |   | 26     |            |   |   | (50 | ) |
| Less reclassification for OTTI losses on sale           |   |        |   |   |      |   |   |            |   |   |   |   |
| of available for sale securities included in net income |   |        | 175    |   |      |   | (60    | )               |   |   | 115 |   |
| Other comprehensive income                              |   | $           | 681    |   |      | $      | (231   | )               |   | $ | 450 |   |

| 2008                                              |   |   |   |   |   |   |   |   |   |   |   |   |
|---------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| Gross change in unrealized loss on securities     |   |   |   |   |   |   |   |   |   |   |   |   |
| available-for-sale                                |   | $      | (1,867 | )      |   | $      | 635    |   |   | $      | (1,232 | )      |
| Less reclassification loss included in net income |   |   | 2,988  |   |   |   | (1,016 | )      |   |   | 1,972  |   |
| Other comprehensive income                        |   | $      | 1,121  |   |   | $      | (381   | )      |   | $      | 740    |   |

----

----

|                                                                      |   | Year Ended September 30, |
|---------------------------------------------------------------------------|--------|--------------------------|
|                                                                      |   | 2010                     |   |   | 2009 |   | 2008 |
|                                                                      |   |                     |   |   |   |   |   |   |   |
| Weighted average number of common shares                                  |   |                     |   |   |   |   |   |   |   |
|      outstanding - used in computation of basic       |   |                     |   |   |   |   |   |   |   |
|      income per common share                          |   |                     | 2,089,000 |   |   |   | 2,110,000 |   | 2,154,000 |
| Effect of dilutive securities:                                            |   |                     |   |   |   |   |   |   |   |
|      Stock options                                    |   |                     | 6,500 |   |   |   | 11,000 |   | 17,000 |
|      Stock grants                                     |   |                     | 11,500 |   |   |   | 4,000 |   | - |
| Weighted average number of common shares                                  |   |                     |   |   |   |   |   |   |   |
|      outstanding plus effect of dilutive securities - |   |                     |   |   |   |   |   |   |   |
|      used in computation of diluted income per        |   |                     |   |   |   |   |   |   |   |
|      common share                                     |   |                     | 2,107,000 |   |   |   | 2,125,000 |   | 2,171,000 |

----

----

----

----

|                    |   | Year Ended         |   |   | Year Ended         |    |   |
|-------------------------|--------|--------------------|--------|--------|--------------------|---------|--------|
|                    |   | September 30, 2010 |   |   | September 30, 2009 |    |   |
|                    |   |               |   |   |               |    |   |   |   |
| Dividend yield          |   | 4.63               | %      |   |               | 4.40    | %      |   |   |
| Risk-free interest rate |   | 2.25               | %      |   |               | 2.38    | %      |   |   |
| Volatility              |   | 24.00              | %      |   |               | 31.00   | %      |   |   |
| Expected life           |   | 6 years            |   |   |               | 6 years |   |   |   |

----

----

|                              |    |   |   |     |   | Weighted    |      |      |
|-----------------------------------|---------|--------|--------|----------|--------|-------------|-----------|-----------|
|                              |    |   |   | Weighted |   | Average     |      |      |
|                              |    |   |   | Average  |   | Remaining   |      | Aggregate |
|                              |    |   |   | Exercise |   | Contractual |      | Intrinsic |
|                              | Shares  |   |   | Price    |   | Term        |      | Value     |
|                              |    |   |   |     |   |        |      |      |   |
| Outstanding at September 30, 2009 | 244,695 |   |   | $        | 33.59  |        | 6.0 years |      | $562 |
|                              |    |   |   |     |   |        |      |      |   |
| Exercised                         | (1,145  | )      |   |     | 21.10  |        |      |      |   |
|                              |    |   |   |     |   |        |      |      |   |
| Authorized                        | -       |   |   |     | -      |        |      |      |   |
|                              |    |   |   |     |   |        |      |      |   |
| Forfeited                         | (1,700  | )      |   |     | 37.12  |        |      |      |   |
|                              |    |   |   |     |   |        |      |      |   |
| Granted                           | 39,920  |   |   |     | 30.70  |        |      |      |   |
|                              |    |   |   |     |   |        |      |      |   |
| Outstanding at September 30, 2010 | 281,770 |   |   | $        | 33.20  |        | 5.8 years |      | $137 |
|                              |    |   |   |     |   |        |      |      |   |
| Exercisable at September 30, 2010 | 181,690 |   |   | $        | 32.68  |        | 5.2 years |      | $129 |

----

----

|                                                                             |   |   |   |   | Weighted          |   |
|----------------------------------------------------------------------------------|--------|--------|--------|--------|-------------------|--------|
|                                                                             |   |   |   |   | AverageGrant Date |   |
|                                                                             |   | Shares |   |   | Fair Value        |   |
|                                                                             |   |   |   |   |              |   |
|         Non-vested – September 30, 2009 |   |   | 13,605 |   |              | $      | 38.64 |   |
|         Granted                               |   |   | 20,895 |   |              | $      | 31.92 |   |
|         Vested                                |   |   | (3,510 | )      |              | $      | 48.93 |   |
|         Non-vested - September 30, 2010       |   |   | 30,990 |   |              | $      | 32.95 |   |

| 16. | FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK |
|-----|---------------------------------------------------|

----

----

| 17. | DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS |
|-----|-------------------------------------------------------|

----

----

|                                            |   | Fair Value At September |     |   | Fair Value Hierarchy |    |
|-------------------------------------------------|--------|-------------------------|----------|--------|----------------------|---------|
|                                            |   |                    | 30, 2010 |   |                 | Level 1 |   |   | Level 2 |   |   | Level 3 |   |
| (In thousands)                                  |   |                    |     |   |                 |    |   |   |   |   |   |   |   |
| Assets valued on a recurring basis:             |   |                    |     |   |                 |    |   |   |   |   |   |   |   |
| Mortgage-backed securities:                     |   |                    |     |   |                 |    |   |   |   |   |   |   |   |
|   Government National Mortgage Assoc. |   | $                       | 2,098    |   |                 | $       | - |   |   | $ | 2,098 |   |   | $ | - |   |
|   Federal Home Loan Mortgage Corp.    |   |                    | 5,109    |   |                 |    | - |   |   |   | 5,109 |   |   |   | - |   |
|   Federal National Mortgage Assoc.    |   |                    | 4,669    |   |                 |    | - |   |   |   | 4,669 |   |   |   | - |   |
|                                            |   |                    | 11,876   |   |                 |    | - |   |   |   | 11,876 |   |   |   | - |   |
| Collateralized mortgage obligations             |   |                    |     |   |                 |    |   |   |   |   |   |   |   |   |   |   |
| CMOs:                                           |   |                    |     |   |                 |    |   |   |   |   |   |   |   |   |   |   |
|   Government National Mortgage Assoc. |   |                    | 2,652    |   |                 |    | - |   |   |   | 2,652 |   |   |   | - |   |
| Marketable equity securities                    |   |                    | 468      |   |                 |    | 468 |   |   |   | - |   |   |   | - |   |
| Total recurring                                 |   | $                       | 14,996   |   |                 | $       | 468 |   |   | $ | 14,528 |   |   | $ | - |   |
|                                            |   |                    |     |   |                 |    |   |   |   |   |   |   |   |   |   |   |
| Assets valued on a non-recurring basis:         |   |                    |     |   |                 |    |   |   |   |   |   |   |   |   |   |   |
| CMOs:  Private label                  |   | $                       | 110      |   |                 | $       | - |   |   | $ | 110 |   |   | $ | - |   |
| Impaired loans                                  |   |                    | 6,484    |   |                 |    | - |   |   |   | 6,484 |   |   |   | - |   |
| Other real estate owned                         |   |                    | 760      |   |                 |    |   |   |   |   | 760 |   |   |   |   |   |
| Total non-recurring                             |   | $                       | 7,354    |   |                 | $       | - |   |   | $ | 7,354 |   |   | $ | - |   |

----

----

|                                            |   | Fair Value At September |     |   | Fair Value Hierarchy |    |
|-------------------------------------------------|--------|-------------------------|----------|--------|----------------------|---------|
|                                            |   |                    | 30, 2009 |   |                 | Level 1 |   |   | Level 2 |   |   | Level 3 |   |
| (In thousands)                                  |   |                    |     |   |                 |    |   |   |   |   |   |   |   |
| Assets valued on a recurring basis:             |   |                    |     |   |                 |    |   |   |   |   |   |   |   |
| Mortgage-backed securities:                     |   |                    |     |   |                 |    |   |   |   |   |   |   |   |
|   Government National Mortgage Assoc. |   | $                       | 2,549    |   |                 | $       | - |   |   | $ | 2,549 |   |   | $ | - |   |
|   Federal Home Loan Mortgage Corp.    |   |                    | 8,322    |   |                 |    | - |   |   |   | 8,322 |   |   |   | - |   |
|   Federal National Mortgage Assoc.    |   |                    | 6,020    |   |                 |    | - |   |   |   | 6,020 |   |   |   | - |   |
|                                            |   |                    | 16,891   |   |                 |    | - |   |   |   | 16,891 |   |   |   | - |   |
| Collateralized mortgage obligations             |   |                    |     |   |                 |    |   |   |   |   |   |   |   |   |   |   |
| CMOs:                                           |   |                    |     |   |                 |    |   |   |   |   |   |   |   |   |   |   |
|   Government National Mortgage Assoc. |   |                    | 3,317    |   |                 |    | - |   |   |   | 3,317 |   |   |   | - |   |
| Marketable equity securities                    |   |                    | 728      |   |                 |    | 728 |   |   |   | - |   |   |   | - |   |
| Total recurring                                 |   | $                       | 20,936   |   |                 | $       | 728 |   |   | $ | 20,208 |   |   | $ | - |   |
|                                            |   |                    |     |   |                 |    |   |   |   |   |   |   |   |   |   |   |
| Assets valued on a non-recurring basis:         |   |                    |     |   |                 |    |   |   |   |   |   |   |   |   |   |   |
| CMOs:  Private label                  |   | $                       | 164      |   |                 | $       | - |   |   | $ | 164 |   |   | $ | - |   |
| Impaired loans                                  |   |                    | 2,988    |   |                 |    | - |   |   |   | 2,988 |   |   |   | - |   |
| Total non-recurring                             |   | $                       | 3,152    |   |                 | $       | - |   |   | $ | 3,152 |   |   | $ | - |   |

----

----

|                                                    |   | 2010     |    |   | 2009       |    |
|---------------------------------------------------------|--------|----------|---------|--------|------------|---------|
|                                                    |   | Carrying |    |   | Estimated  |    |   | Carrying |   |   | Estimated |   |
|                                                    |   | amount   |    |   | fair value |    |   | amount |   |   | fair value |   |
| Financial assets:                                       |   |     |    |   |       |    |   |   |   |   |   |   |
|      Cash and cash equivalents      |   | $        | 40,655  |   |       | $       | 40,655 |   |   | $ | 23,675 |   |   | $ | 23,675 |   |
|      Investment securities          |   |     | 74,562  |   |       |    | 76,707 |   |   |   | 96,320 |   |   |   | 97,823 |   |
|      FHLB stock                     |   |     | 5,402   |   |       |    | 5,402 |   |   |   | 5,063 |   |   |   | 5,063 |   |
|      Accrued interest receivable    |   |     | 2,480   |   |       |    | 2,480 |   |   |   | 2,622 |   |   |   | 2,622 |   |
|                                                    |   |     |    |   |       |    |   |   |   |   |   |   |   |   |   |   |
|      Life Insurance contracts       |   |     | 13,310  |   |       |    | 13,310 |   |   |   | 12,724 |   |   |   | 12,724 |   |
|                                                    |   |     |    |   |       |    |   |   |   |   |   |   |   |   |   |   |
|      Loans                          |   |     | 595,891 |   |       |    | 630,812 |   |   |   | 595,333 |   |   |   | 624,129 |   |
|      Less allowance for loan losses |   |     | 9,256   |   |       |    | 9,256 |   |   |   | 6,806 |   |   |   | 6,806 |   |
|      Loans-net of allowance         |   | $        | 586,635 |   |       | $       | 621,556 |   |   | $ | 588,527 |   |   | $ | 617,323 |   |
|                                                    |   |     |    |   |       |    |   |   |   |   |   |   |   |   |   |   |
| Financial liabilities:                                  |   |     |    |   |       |    |   |   |   |   |   |   |   |   |   |   |
|      Deposits                       |   | $        | 579,355 |   |       | $       | 588,399 |   |   | $ | 585,469 |   |   | $ | 593,273 |   |
|      Advances from Federal Home     |   |     |    |   |       |    |   |   |   |   |   |   |   |   |   |   |
|      Loan Bank                      |   | $        | 100,017 |   |       | $  | 111,619 |   |   | $  | 100,628 |   |   | $  | 107,931 |   |
|      Accrued interest payable       |   | $        | 429     |   |       | $       | 429 |   |   | $ | 743 |   |   | $ | 743 |   |

----

----

|                      | 2010   |
|---------------------------|--------|
|                      |   |   |   |   | To be well |
|                      |   |   |   |   | capitalized under |
|                      |   |   | For capital |   | Prompt corrective |
|                      |   |   | adequacy purposes |   | action provisions |
|                      | Actual |   | Required |   | Required |
|                      | Amount |   |   | % |   | Amount |   |   | % |   | Amount |   |   | % |
|                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Core capital              |   | $ | 64,220 |   |   |   | 8.5 | % |   |   | $ | 30,205 |   |   |   | 4.0 | % |   |   | $ | 37,757 |   |   |   | 5.0 | % |
|                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tangible capital          |   | $ | 64,220 |   |   |   | 8.5 | % |   |   | $ | 11,327 |   |   |   | 1.5 | % |   |   | $  | N/A |   |   |   | N/A |   |
|                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Risk based capital  |   | $ | 70,772 |   |   |   | 13.5 | % |   |   | $ | 41,888 |   |   |   | 8.0 | % |   |   | $ | 52,360 |   |   |   | 10.0 | % |
|                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tier 1 Risk based capital |   | $ | 64,220 |   |   |   | 12.3 | % |   |   | $  | N/A |   |   |   | N/A |   |   |   | $ | 31,416 |   |   |   | 6.0 | % |

|                      | 2009   |
|---------------------------|--------|
|                      |   |   |   |   | To be well |
|                      |   |   |   |   | capitalized under |
|                      |   |   | For capital |   | Prompt corrective |
|                      |   |   | adequacy purposes |   | action provisions |
|                      | Actual |   | Required |   | Required |
|                      | Amount |   |   | % |   | Amount |   |   | % |   | Amount |   |   | % |
|                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Core capital              |   | $ | 59,804 |   |   |   | 7.9 | % |   |   | $ | 30,332 |   |   |   | 4.0 | % |   |   | $ | 37,914 |   |   |   | 5.0 | % |
|                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tangible capital          |   | $ | 59,804 |   |   |   | 7.9 | % |   |   | $ | 11,374 |   |   |   | 1.5 | % |   |   | $  | N/A |   |   |   | N/A |   |
|                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Risk based capital  |   | $ | 66,068 |   |   |   | 12.7 | % |   |   | $ | 41,560 |   |   |   | 8.0 | % |   |   | $ | 51,950 |   |   |   | 10.0 | % |
|                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tier 1 Risk based capital |   | $ | 59,804 |   |   |   | 11.5 | % |   |   | $  | N/A |   |   |   | N/A |   |   |   | $ | 31,170 |   |   |   | 6.0 | % |

----

----

| 19. | SUMMARIZED FINANCIAL INFORMATION OF TECHE HOLDING COMPANY (PARENT COMPANY ONLY) |
|-----|---------------------------------------------------------------------------------|

|                                               |   | 2010   |   |   | 2009   |   |
|----------------------------------------------------|--------|--------|--------|--------|--------|--------|
| Assets:                                            |   |   |   |   |   |   |
|      Investment in subsidiary  |   | $      | 69,193 |   |   | $      | 65,116 |   |
|      Cash and cash equivalents |   |   | 4,989  |   |   |   | 4,732 |   |
|      Other                     |   |   | 1,331  |   |   |   | 1,637 |   |
| Total assets                                       |   | $      | 75,513 |   |   | $      | 71,485 |   |
|                                               |   |   |   |   |   |   |   |   |
| Stockholders’ equity                         |   | $      | 75,513 |   |   | $      | 71,485 |   |

----

----

|                               |   | Year ended September 30, |   |
|------------------------------------|--------|--------------------------|--------|
|                               |   | 2010                     |   |   | 2009 |   |   | 2008 |   |
| Dividends received from subsidiary |   | $                        | 3,650  |   |   | $ | 3,500 |   |   | $ | 5,600 |   |
| Equity in earnings of              |   |                     |   |   |   |   |   |   |   |   |   |   |
| subsidiary (less than)             |   |                     |   |   |   |   |   |   |   |   |   |   |
| greater than dividends received    |   |                     | 3,704  |   |   |   | 3,956 |   |   |   | 520 |   |
| Interest income from subsidiary    |   |                     | 23     |   |   |   | 72 |   |   |   | 238 |   |
| Management fees and other expenses |   |                     |   |   |   |   |   |   |   |   |   |   |
| allocated to the Parent            |   |                     | (77    | ) |   |   | (77 | ) |   |   | (77 | ) |
| Other expenses-net                 |   |                     | (199   | ) |   |   | (315 | ) |   |   | (572 | ) |
|                               |   |                     |   |   |   |   |   |   |   |   |   |   |
| Net income                         |   | $                        | 7,101  |   |   | $ | 7,136 |   |   | $ | 5,709 |   |

|                                                 |   | Year ended September 30, |   |
|------------------------------------------------------|--------|--------------------------|--------|
|                                                 |   | 2010                     |   |   | 2009 |   |   | 2008 |   |
| Cash flows from operating activities                 |   | $                        | 3,190  |   |   | $ | 3,170 |   |   | $ | 5,554 |   |
|                                                 |   |                     |   |   |   |   |   |   |   |   |   |   |
| Cash flows from investing activities:                |   |                     |   |   |   |   |   |   |   |   |   |   |
| Purchase of securities available-for-sale            |   |                     | (178   | ) |   |   | (12 | ) |   |   | (499 | ) |
| Proceeds from sale of securities                     |   |                     | 577    |   |   |   | 201 |   |   |   | - |   |
| Net cash provided (used) by                          |   |                     |   |   |   |   |   |   |   |   |   |   |
| investing activities                                 |   |                     | 399    |   |   |   | 189 |   |   |   | (499 | ) |
| Cash flows from financing activities:                |   |                     |   |   |   |   |   |   |   |   |   |   |
| Dividends paid                                       |   |                     | (2,945 | ) |   |   | (2,950 | ) |   |   | (2,963 | ) |
| Proceeds from exercise of stock options              |   |                     | (19    | ) |   |   | (14 | ) |   |   | 257 |   |
| Loan to ESOP                                         |   |                     | 260    |   |   |   | (586 | ) |   |   | - |   |
| Cash paid for purchase of                            |   |                     |   |   |   |   |   |   |   |   |   |   |
| common stock for treasury                            |   |                     | (628   | ) |   |   | (921 | ) |   |   | (3,264 | ) |
| Net cash used in financing                           |   |                     |   |   |   |   |   |   |   |   |   |   |
| activities                                           |   |                     | (3,332 | ) |   |   | (4,471 | ) |   |   | (5,970 | ) |
| Net increase (decrease) in cash and cash equivalents |   |                     | 257    |   |   |   | (1,112 | ) |   |   | (915 | ) |
| Cash and cash equivalents - beginning of year        |   |                     | 4,732  |   |   |   | 5,844 |   |   |   | 6,759 |   |
| Cash and cash equivalents - end of year              |   | $                        | 4,989  |   |   | $ | 4,732 |   |   | $ | 5,844 |   |

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| 20. | SUBSEQUENT EVENTS |
|-----|-------------------|

|  Year Ended                    |   |   |    |
|-------------------------------------|--------|--------|---------|
| September 30,                       |   |   |    |
|      2011       |   | $      | 20,671  |   |
|      2012       |   |   | 4,384   |   |
|      2013       |   |   | 4,605   |   |
|      2014       |   |   | 9,837   |   |
|      2015       |   |   | 8,081   |   |
|      Thereafter |   |   | 52,439  |   |
|                                |   |   |    |   |
|                                |   | $      | 100,017 |   |

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| DIRECTORS OF TECHE HOLDING COMPANY |
|------------------------------------|
| AND                                |
| TECHE FEDERAL BANK            |
| Patrick O. Little, Chairman        | Donelson T. Caffery, Jr. | Henry L. Friedman | W. Ross Little, Jr. |   |
| William A. Anderson, III           | J. L. Chauvin | Robert J. Judice, Jr. | Robert L. Wolfe, Jr. |   |
| Mary Coon Biggs                    | Ernest Freyou | Dr. Thomas F. Kramer | Robert E. Mouton – Director Emeritus |   |
|                               |   |   | Maunette B. Risher - Advisory |   |

| OFFICERS OF TECHE FEDERAL BANK |
|--------------------------------|

| Patrick O. Little                      | Chairman, President/CEO             | Tina M. Vidrine            | Vice President           |
|----------------------------------------|-------------------------------------|----------------------------|--------------------------|
| Darryl Broussard                       | Sr. Vice President/CLO              | Daniel E. Adler, Sr.       | Assistant Vice President |
| J. L. Chauvin                          | Sr. Vice President/Treasurer/CFO    | Terry T. Albarado          | Assistant Vice President |
| Jason P. Freyou                        | Sr. Vice President/ COO             | Montreen D. Badeaux        | Assistant Vice President |
| Eddie R. LeBlanc                       | Sr. Vice President/Internal Auditor | Paulette A. Boudreaux      | Assistant Vice President |
| W. Ross Little, Jr.                    | Sr. Vice President/Secretary/CRO    | Toya Broussard             | Assistant Vice President |
| Tom A. Aldrich                         | Vice President                      | Lisa Burleigh              | Assistant Vice President |
| Angela Badeaux                         | Vice President                      | Jeanette D. Charles        | Assistant Vice President |
| F. William Ball                        | Vice President                      | Angela M. Cliburn          | Assistant Vice President |
| Patricia O. Begnaud                    | Vice President                      | Stephanie F. Dandry        | Assistant Vice President |
| Genevieve V. Bihm                      | Vice President                      | Patrick Fontenot           | Assistant Vice President |
| Georgia B. Boudreaux                   | Vice President                      | Debra A. Guidry            | Assistant Vice President |
| Elmo P. Boudreaux, Jr.                 | Vice President                      | Henrietta S. Hollier       | Assistant Vice President |
| Irma Nell Bourque                      | Vice President                      | Christina Irvin-Simpson    | Assistant Vice President |
| Bart C. Boyer                          | Vice President                      | Christy B. Istre           | Assistant Vice President |
| Mary Beth Brady                        | Vice President                      | Barbara A. Jesset          | Assistant Vice President |
| Judy V. Breaux                         | Vice President                      | Anne P. Jones              | Assistant Vice President |
| Glen W. Brown                          | Vice President                      | Jason D. Kennemer          | Assistant Vice President |
| Kevin T. Caswell                       | Vice President                      | Debbie M. Lancon           | Assistant Vice President |
| Belinda Cavazos                        | Vice President                      | Vicki L. Laubach           | Assistant Vice President |
| S. Michael Comeaux                     | Vice President                      | Janna Leblanc              | Assistant Vice President |
| Gwendoline Doucet                      | Vice President                      | Angel LeCompte             | Assistant Vice President |
| Dalie S. Eldridge                      | Vice President                      | Monique McBride            | Assistant Vice President |
| Elaine H. Gussman                      | Vice President                      | Vanessa McGehee            | Assistant Vice President |
| Karen Hardy                            | Vice President                      | Cindy F. North             | Assistant Vice President |
| Constance E. Harris                    | Vice President                      | Aaron Ortego               | Assistant Vice President |
| Chad Hebert                            | Vice President                      | Wendell Richard            | Assistant Vice President |
| Scott P. Landrum                       | Vice President                      | Lindsey Robinson-Jones     | Assistant Vice President |
| D. Ross Landry                         | Vice President                      | Linda Roman                | Assistant Vice President |
| Angelina M. Mire                       | Vice President                      | Lesley E. Schexnayder      | Assistant Vice President |
| Bryan Rowell                           | Vice President                      | Tanya Thibodeaux           | Assistant Vice President |
| Susan L. Simoneaux                     | Vice President                      | Ashley Townley             | Assistant Vice President |
| Martin M. Vasquez                      | Vice President                      | Leslie White               | Assistant Vice President |
|                                   |                                |                       |
| INDEPENDENT AUDITORS                   | SPECIAL COUNSEL                     | ST. LANDRY ADVISORY BOARD  |
| Dixon Hughes PLLC                      | Malizia Spidi & Fisch, PC       | Wayne M. Gilmore, Chairman |
| 225 Peachtree Street NE, Suite 600     | 1227 25th Street, N.W.              | H. Kent Aguillard          |
| Atlanta, GA 30303                      | Suite 200 West                      | Anna Lee Dunbar            |
|                                   | Washington, DC  20037     | Lynette Young Feucht       |
|                                   |                                | Patrick Fontenot           |
| LEGAL COUNSEL                          | REGISTRAR AND STOCK                 | Simon Howard Fournier      |
| Biggs, Supple, Cremaldi and Curet, LLP |   TRANFER AGENT           | Morgan J. Goudeau, III     |
| Lawless Building                       | Registrar and Transfer Company      | Martin A. Roy, Jr.         |
| Willow Street                          | 10 Commerce Drive                   | Marvin Schwartzenburg      |
| Franklin, LA  70538          | Cranford, NJ  07016-3572  |                       |
|                                   | (800) 525-7686                      |                       |
|                                   | Fax (908) 272-1006                  |                       |

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