MANAGEMENT BONUS GUIDELINES
 Purpose:
  Eligibility Requirements:
 
    
    Management personnel are eligible for consideration
    
    Employed by the company for a minimum of six months of the fiscal year
    
    Be actively employed by the company at the time of payment or retired between
the last day of the fiscal year and the payment date. Retirees must meet the
definition of normal retirement  sixty-five years old with a minimum of five years of
service with the company
    
    Rated Meets Expectationsor higher on last performance evaluation
 Calculations:
 
    
    Bonus percentages are based on a Board approved matrix which consists of eight
company performance levels and five categories of management
    
    Bonus percentages for Category A are 0%, 10%, 18%, 20%, 23%, 27%, 31%, and 35%.
    
    Bonuses will be calculated on base salaries as of the last day of the fiscal
year
    
    Bonuses will be prorated for those with six but less than twelve months of
service in the fiscal year and those promoted to an eligible position during the fiscal
year
    
    Bonuses for those on an approved leave of absence, including disability, will
be prorated based upon the number of full months actually worked during the fiscal year
    
    Bonuses will be rounded to the nearest hundredth  up or down




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MANAGEMENT BONUS GUIDELINES
 LEVEL 1
    
    LEVEL 2
    
    LEVEL 3
    
    LEVEL 4
    
    LEVEL 5
    
    LEVEL 6
    
    LEVEL 7
    
    LEVEL 8Return on Average Assets (ROAA)
    
    < .75%
    
    .75% - .79%
    
    .80% - 84%
    
    .85% - .89%
    
    .90% - .94%
    
    .95% - .99%
    
    1.00% - 1.10%
    
    >1.10%Return on Average Equity (ROAE)
    
    < 9.00%
    
    9.0% - 9.99%
    
    10.0% - 10.99%
    
    11.0% -11.99%
    
    12.0% - 12.99%
    
    13.0% - 13.99%
    
    14.0% - 14.99%
    
    >15.00%Return on Average Tang. Equity
    
    <12.00%
    
    12.0% - 12.99%
    
    13.0% - 13.99%
    
    14.0% - 14.99%
    
    15.0% - 15.99%
    
    16.0% - 16.99%
    
    17.0% - 17.99%
    
    >18.00%% Growth in Earnings per Share
    
    < 9.00%
    
    9.0% - 9.99%
    
    10.0% - 10.99%
    
    11.0% - 11.99%
    
    12.0% - 12.99%
    
    13.0% - 13.99%
    
    14.0% - 14.99%
    
    >15.00%Retail Asset Growth
    
    < 4.00%
    
    4.0% - 5.99%
    
    6.0% - 7.99%
    
    8.0% - 9.99%
    
    10.0% - 11.99%
    
    12.0% - 13.99%
    
    14.0% - 15.99%
    
    >16.00%CATEGORY
    
    RATINGA
    
    
    
    0%
    
    10%
    
    18%
    
    20%
    
    23%
    
    27%
    
    31%
    
    35%B
    
    
    
    0%
    
    8%
    
    16%
    
    18%
    
    21%
    
    24%
    
    27%
    
    30%C
    
    5
    
    0%
    
    7%
    
    14%
    
    16%
    
    19%
    
    21%
    
    24%
    
    27%C
    
    4
    
    0%
    
    6%
    
    12%
    
    14%
    
    17%
    
    19%
    
    21%
    
    23%C
    
    3
    
    0%
    
    4%
    
    8%
    
    9%
    
    10%
    
    11%
    
    12%
    
    13%C
    
    1 & 2
    
    0%
    
    0%
    
    0%
    
    0%
    
    0%
    
    0%
    
    0%
    
    0%D
    
    5
    
    4%
    
    6%
    
    12%
    
    14%
    
    17%
    
    19%
    
    21%
    
    23%D
    
    4
    
    3%
    
    5%
    
    10%
    
    12%
    
    15%
    
    17%
    
    19%
    
    20%D
    
    3
    
    1%
    
    3%
    
    6%
    
    7%
    
    8%
    
    9%
    
    10%
    
    11%D
    
    1 & 2
    
    0%
    
    0%
    
    0%
    
    0%
    
    0%
    
    0%
    
    0%
    
    0%E
    
    5
    
    3%
    
    5%
    
    10%
    
    12%
    
    14%
    
    15%
    
    16%
    
    17%E
    
    4
    
    2%
    
    4%
    
    8%
    
    10%
    
    12%
    
    13%
    
    14%
    
    15%E
    
    0%
    
    0%
    
    0%
    
    4%
    
    5%
    
    5%
    
    6%
    
    6%
    
    7%E
    
    0%
    
    0%
    
    0%
    
    0%
    
    0%
    
    0%
    
    0%
    
    0%
    
    0%