Document:

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                                                                    EXHIBIT 10.5

                            WEST POINTE BANCORP, INC.
                                       AND
                       WEST POINTE BANK AND TRUST COMPANY
                          SALARY CONTINUATION AGREEMENT

         THIS AGREEMENT is made this 29th day of December, 2000, by and
between West Pointe Bancorp, Inc. and West Pointe Bank and Trust Company, a
holding company and a state commercial bank located in Belleville, IL (jointly
considered the "Company") and Terry Schaefer (the "Executive").

                                  INTRODUCTION

         To encourage the Executive to remain an employee of West Pointe Bank
and Trust Company, the Company is willing to provide salary continuation
benefits to the Executive. The Company will pay the benefits from its general
assets.

                                    AGREEMENT

         The Executive and the Company agree as follows:

                                    ARTICLE 1
                                   DEFINITIONS

         Whenever used in this Agreement, the following words and phrases shall
have the meanings specified:

                  1.1 "Actuarial Equivalent" means a benefit of equivalent value
         computed on the assumptions of interest at the rate of nine percent
         (9%) per annum compounded annually and mortality calculated in
         accordance with the 1983 Group Annuity Mortality Table using blended
         mortality factors of fifty percent (50%) female and fifty percent (50%)
         male.

                  1.2 "Change of Control" means :

                  (a) The consummation by either West Pointe Bancorp, Inc. or
         West Pointe Bank and Trust Company of a merger, consolidation or other
         reorganization if the percentage of the voting common stock of the
         surviving or resulting entity held or received by all persons who were
         owners of common stock of West Pointe Bancorp, Inc. or West Pointe Bank
         and Trust Company, whichever is applicable, immediately prior to such
         merger, consolidation or reorganization is less than 50.1% of the total
         voting common stock of the surviving or resulting entity outstanding
         immediately after such merger, consolidation or reorganization and
         after giving effect to any additional issuance of voting common stock
         contemplated by the plan for such merger, consolidation or
         reorganization;

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                  (b) At any time during a period of two consecutive years,
         individuals who at the beginning of such period constituted the Board
         of Directors of either West Pointe Bancorp, Inc. or West Pointe Bank
         and Trust Company shall cease for any reason to constitute at least a
         majority thereof, unless the election or the nomination for election by
         West Pointe Bancorp, Inc.'s or West Pointe Bank and Trust Company's
         shareholders, whichever is applicable, of each new director during such
         two year period was approved by a vote of at least two-thirds of the
         directors of such entity then still in office who were directors at the
         beginning of such two year period;

                  (c) The sale, lease, exchange or other transfer of all or
         substantially all of the assets (in one transaction or in a series of
         related transactions) of either West Pointe Bancorp, Inc. or West
         Pointe Bank and Trust Company to another corporation or entity that is
         not owned, directly or indirectly, by either West Pointe Bancorp, Inc.
         or West Pointe Bank and Trust Company. "Substantially all" shall mean a
         sale, lease, exchange or other transfer involving seventy percent (70%)
         or more of the fair market value of the assets of such entity; or

                  (d) The shareholders of either West Pointe Bancorp, Inc. or
         West Pointe Bank and Trust Company approve any plan or proposal for the
         liquidation or dissolution of such entity;

followed within twelve (12) months by the Executive's Termination of Employment
for reasons other than death, Disability or retirement.

                  1.3 "Code" means the Internal Revenue Code of 1986, as
         amended.

                  1.4 "Disability" means, if the Executive is covered by a
         Company sponsored disability policy, total disability as defined in
         such policy without regard to any waiting period. If the Executive is
         not covered by such a policy, Disability means the Executive suffering
         a sickness, accident or injury which, in the judgment of a physician
         satisfactory to the Company, prevents the Executive from performing
         substantially all of the Executive's normal duties for the Company. As
         a condition to receiving any Disability benefits, the Company may
         require the Executive to submit to such physical or mental evaluations
         and tests as the Company's Board of Directors deems appropriate.

                  1.5 "Early Termination" means the Termination of Employment
         before Normal Retirement Age for reasons other than death, Disability,
         Termination for Cause or following a Change of Control.

                  1.6 "Early Termination Date" means the month, day and year in
         which Early Termination occurs.

                  1.7 "Effective Date" means December 1, 2000.

                                       2

<PAGE>   3

                  1.8 "Normal Retirement Age" means the Executive's 65th
         birthday.

                  1.9 "Normal Retirement Date" means the later of the Normal
         Retirement Age or Termination of Employment.

                  1.10 "Plan Year" means a twelve-month period commencing on
         January 1 and ending on December 31 of each year. The initial Plan Year
         shall commence on the effective date of this Agreement.

                  1.11 "Termination for Cause." See Section 5.2.

                  1.12 Termination of Employment" means that the Executive
         ceases to be employed by West Pointe Bank and Trust Company for any
         reason whatsoever other than by reason of a leave of absence, which is
         approved by West Pointe Bank and Trust Company. For purposes of this
         Agreement, if there is a dispute over the employment status of the
         Executive or the date of the Executive's Termination of Employment,
         West Pointe Bank and Trust Company shall have the sole and absolute
         right to decide the dispute.

                                    ARTICLE 2
                            BENEFITS DURING LIFETIME

         2.1 Normal Retirement Benefit. Upon Termination of Employment on or
after the Normal Retirement Age for reasons other than death, the Company shall
pay to the Executive the benefit described in this Section 2.1 in lieu of any
other benefit under this Agreement.

                  2.1.1 Amount of Benefit. The annual benefit under this Section
         2.1 is $153,200 (One Hundred Fifty Three Thousand Two Hundred Dollars
         and no/100).

                  2.1.2 Payment of Benefit. The Company shall pay the annual
         benefit to the Executive in 12 equal monthly installments payable on
         the first day of each month commencing with the month following the
         Executive's Normal Retirement Date. The annual benefit shall be paid to
         the Executive for 15 years.

                  2.1.3 Benefit Increases. Commencing on the first anniversary
         of the first benefit payment, and continuing on each subsequent
         anniversary, the Company's Board of Directors, in its sole discretion,
         may increase the benefit.

         2.2 Early Termination Benefit. Upon Early Termination, the Company
shall pay to the Executive the benefit described in this Section 2.2 in lieu of
any other benefit under this Agreement.

                  2.2.1 Amount of Benefit. The benefit under this Section 2.2 is
         the Early Termination Annual Benefit amount set forth in Schedule A for
         the Plan Year ending immediately prior to the Early Termination Date.
         The Early Termination Annual

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         Benefit amount is determined by calculating a fixed annuity which is
         payable in 15 annual equal installments, crediting interest on the
         unpaid balance of the Accrued Balance at an annual rate of 9 percent,
         compounded monthly.

                  2.2.2 Payment of Benefit. The Company shall pay the annual
         benefit to the Executive in 12 equal monthly installments payable on
         the first day of each month commencing with the month following the
         Normal Retirement Age. The annual benefit shall be paid to the
         Executive for 15 years.

                  2.2.3 Benefit Increases. Benefit payments may be increased as
         provided in Section 2.1.3.

         2.3 Disability Benefit. If the Executive terminates employment due to
Disability prior to Normal Retirement Age, the Company shall pay to the
Executive the benefit described in this Section 2.3 in lieu of any other benefit
under this Agreement.

                  2.3.1 Amount of Benefit. The benefit under this Section 2.3 is
         the Disability Annual Benefit amount set forth in Schedule A for the
         Plan Year ending immediately prior to the date in which the Termination
         of Employment occurs. The Disability Annual Benefit amount is
         determined by calculating a fixed annuity which is payable in 15 annual
         equal installments, crediting interest on the unpaid balance of the
         Accrual Balance at an annual rate of 9 percent, compounded monthly.

                  2.3.2 Payment of Benefit. The Company shall pay the annual
         benefit amount to the Executive in 12 equal monthly installments
         payable on the first day of each month commencing with the month
         following the Termination of Employment. The annual benefit shall be
         paid to the Executive for 15 years.

                  2.3.3 Benefit Increases. Benefit payments may be increased as
         provided in Section 2.1.3.

         2.4 Change of Control Benefits. Upon a Change of Control, the Company
shall pay to the Executive the benefit described in this Section 2.4 in lieu of
any other benefit under this Agreement.

                  2.4.1 Amount of Benefit. The benefit under this Section 2.4 is
         the Normal Retirement Benefit described in Section 2.1 as if the date
         of the Change of Control were the Executive's Normal Retirement Date.

                  2.4.2 Payment of Benefit. The Company shall pay the annual
         benefit amount to the Executive in 12 equal monthly installments
         payable on the first day of each month commencing with the month
         following the attainment of age 65. The benefit shall be paid to the
         Executive for 15 years.

                  2.4.3 Benefit Increases. Benefit payments may be increased as
         provided in Section 2.1.3.

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                  2.4.4 Election of Lump Sum Benefit. Notwithstanding the
         foregoing, subject to approval by the Board of Directors of the
         Company, the Executive may elect to receive his benefit in a lump sum;
         provided that the Executive makes the request to receive a lump sum
         benefit no later than one year prior to the date the benefit would
         otherwise be distributed. Any such request which is made later than one
         year prior to distribution shall be void. The amount of the lump sum
         benefit shall be the Actuarial Equivalent of the Normal Retirement
         Benefit described in Section 2.1 (calculated without regard to any
         other provision of this Agreement) and shall be paid by the Company
         within 60 days of the date of the Change of Control.

                                    ARTICLE 3
                                 DEATH BENEFITS

         3.1 Death During Active Service. If the Executive dies while employed
by West Pointe Bank and Trust Company, the Company shall pay to the Executive's
beneficiary the benefit described in this Section 3.1. This benefit shall be
paid in lieu of the Benefits During Lifetime of Article 2.

                  3.1.1 Amount of Benefit. The benefit is the Accrual Balance
         set forth in Schedule A for the Plan Year ending immediately prior to
         the death of the Executive.

                  3.1.2 Payment of Benefit. The Company shall pay the benefit to
         the Executive's beneficiary in a lump sum within 60 days of the date of
         death of the Executive.

         3.2 Death During Benefit Period. If the Executive dies after the
benefit payments have commenced under this Agreement but before receiving all
such payments, the Company shall pay the remaining benefits to the Executive's
beneficiary at the same time and in the same amounts they would have been paid
to the Executive had the Executive survived.

         3.3 Death After Termination of Employment But Before Benefit Payments
Commence. If the Executive is entitled to benefit payments under this Agreement,
but dies prior to the commencement of said benefit payments, the Company shall
pay the benefit payments to the Executive's beneficiary that the Executive was
entitled to prior to death except that the benefit payments shall commence on
the first day of the month following the date of the Executive's death.

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                                    ARTICLE 4
                                  BENEFICIARIES

         4.1 Beneficiary Designations. The Executive shall designate a
beneficiary by filing a written designation with the Company. The Executive may
revoke or modify the designation at any time by filing a new designation.
However, designations will only be effective if signed by the Executive and
accepted by the Company during the Executive's lifetime. The Executive's
beneficiary designation shall be deemed automatically revoked if the beneficiary
predeceases the Executive, or if the Executive names a spouse as beneficiary and
the marriage is subsequently dissolved. If the Executive dies without a valid
beneficiary designation, all payments shall be made to the Executive's estate.

         4.2 Facility of Payment. If a benefit is payable to a minor, to a
person declared incapacitated, or to a person incapable of handling the
disposition of his or her property, the Company may pay such benefit to the
guardian, legal representative or person having the care or custody of such
minor, incapacitated person or incapable person. The Company may require proof
of incapacity, minority or guardianship as it may deem appropriate prior to
distribution of the benefit. Such distribution shall completely discharge the
Company from all liability with respect to such benefit.

                                    ARTICLE 5
                               GENERAL LIMITATIONS

         5.1 Excess Parachute Payment. Notwithstanding any provision of this
Agreement to the contrary, the Company shall not pay any benefit under this
agreement to the extent the benefit would create an excise tax under the excess
parachute rules of Section 280G of the Code.

         5.2 Termination for Cause. Notwithstanding any provision of this
Agreement to the contrary, the Company shall not pay any benefit under this
Agreement if the Company terminates the Executive's employment for:

                  (a) Commission of a felony or of a gross misdemeanor involving
         moral turpitude;

                  (b) Fraud, disloyalty, dishonesty or willful violation of any
         law or significant Company policy committed in connection with the
         Executive's employment and resulting in an adverse effect on the
         Company.

         5.3 Suicide or Misstatement. The Company shall not pay any benefit
under this Agreement if the Executive commits suicide within two years after the
date of this Agreement, or if the Executive has made any material misstatement
of fact on any application for life insurance purchased by the Company for the
purpose of providing funds to meet its obligations hereunder.

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         5.4. Competition After Termination of Employment. The Company shall not
pay any benefit under this Agreement if, during the three year period commencing
on the date of the Executive's Termination of Employment, the Executive, without
the prior written consent of the Company, engages in, becomes interested in,
directly or indirectly, as a sole proprietor, as a partner in a partnership, or
as a substantial shareholder (defined as a 10% ownership interest) in a
corporation, or becomes associated with, in the capacity of employee, director,
officer, principal, agent, trustee or in any other capacity whatsoever, any
enterprise conducted in the trading area (a 10 mile radius) of the principal
place of business of the Company, which enterprise is, or may be deemed to be
competitive with any business carried on by the Company as of the date of
termination of the Executive's employment or retirement. This section shall not
apply following a Change of Control. This section shall not require the
Executive to repay any benefits previously received under this Agreement.

                                    ARTICLE 6
                          CLAIMS AND REVIEWS PROCEDURES

         6.1 Claims Procedure. The Company shall notify any person or entity
that makes a claim against the Agreement (the "Claimant") in writing, within
ninety (90) days of Claimant's written application for benefits, of his or her
eligibility or noneligibility for benefits under the Agreement. If the Company
determines that the Claimant is not eligible for benefits or full benefits, the
notice shall set forth (1) the specific reasons for such denial; (2) a specific
reference to the provisions of the Agreement on which the denial is based; (3) a
description of any additional information or material necessary for the Claimant
to perfect his or her claim, and a description of why it is needed; and (4) an
explanation of the Agreement's claims review procedure and other appropriate
information as to the steps to be taken if the Claimant wishes to have the claim
reviewed. If the Company determines that there are special circumstances
requiring additional time to make a decision, the Company shall notify the
Claimant of the special circumstances and the date by which a decision is
expected to be made, and may extend the time for up to an additional ninety (90)
days.

         6.2 Review Procedure. If the Claimant is determined by the Company not
to be eligible for benefits, or if the Claimant believes that he or she is
entitled to greater or different benefits, the Claimant shall have the
opportunity to have such claim reviewed by the Company by filing a petition for
review with the Company within sixty (60) days after receipt of the notice
issued by the Company. Said petition shall state the specific reasons which the
Claimant believes entitle him or her to benefits or to greater or different
benefits. Within sixty (60) days after receipt by the Company of the petition,
the Company shall afford the Claimant (and counsel, if any) an opportunity to
present his or her position to the Company verbally or in writing, and the
Claimant (or counsel) shall have the right to review the pertinent documents.
The Company shall notify the Claimant of its decision in writing

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within the sixty-day period, stating specifically the basis of its decision,
written in a manner calculated to be understood by the Claimant and
the specific provisions of the Agreement on which the decision is based. If,
because of the need for a hearing, the sixty-day period is not sufficient, the
decision may be deferred for up to another sixty (60) days at the election of
the Company, but notice of this deferral shall be given to the Claimant.

                                    ARTICLE 7
                           AMENDMENTS AND TERMINATION

         This Agreement may be amended or terminated only by a written agreement
signed by the Company and the Executive.

         Notwithstanding the previous paragraph in this Article 7, the Company
may amend or terminate this Agreement at any time if, pursuant to legislative,
judicial or regulatory action, continuation of the Agreement would cause
benefits to be taxable to the Executive prior to actual receipt, but in no event
shall the benefits provided the Executive hereunder be reduced without his
written consent.

                                    ARTICLE 8
                                  MISCELLANEOUS

         8.1 Binding Effect. This Agreement shall bind the Executive and the
Company, and their beneficiaries, survivors, executors, successors,
administrators and transferees.

         8.2 No Guarantee of Employment. This Agreement is not an employment
policy or contract. It does not give the Executive the right to remain an
employee of the Company, nor does it interfere with the Company's right to
discharge the Executive. It also does not require the Executive to remain an
employee nor interfere with the Executive's right to terminate employment at any
time.

         8.3 Non-Transferability. Benefits under this Agreement cannot be sold,
transferred, assigned, pledged, attached or encumbered in any manner.

         8.4 Reorganization. The Company shall not merge or consolidate into or
with another company, or reorganize, or sell substantially all of its assets to
another company, firm, or person unless such succeeding or continuing company,
firm, or person agrees to assume and discharge the obligations of the Company
under this Agreement. Upon the occurrence of such event, the term "Company" as
used in this Agreement shall be deemed to refer to the successor or survivor
company.

         8.5 Tax Withholding. The Company shall withhold any taxes that are
required to be withheld from the benefits provided under this Agreement.

         8.6 Applicable Law. The Agreement and all rights hereunder shall be
governed by the laws of the State of Illinois, except to the extent preempted
by the laws of the United States of America.

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<PAGE>   9

         8.7 Unfunded Arrangement. The Executive and beneficiary are general
unsecured creditors of the Company for the payment of benefits under this
Agreement. The benefits represent the mere promise by the Company to pay such
benefits. The rights to benefits are not subject in any manner to anticipation,
alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or
garnishment by creditors. Any insurance on the Executive's life is a general
asset of the Company to which the Executive and beneficiary have no preferred or
secured claim.

         8.8 Entire Agreement. This Agreement constitutes the entire agreement
between the Company and the Executive as to the subject matter hereof. No rights
are granted to the Executive by virtue of this Agreement other than those
specifically set forth herein.

         8.9 Administration. The Company shall have powers which are necessary
to administer this Agreement, including but not limited to:

                  (a) Interpreting the provisions of the Agreement;

                  (b) Establishing and revising the method of accounting for the
         Agreement;

                  (c) Maintaining a record of benefit payments; and

                  (d) Establishing rules and prescribing any forms necessary or
         desirable to administer the Agreement.

         8.10 Named Fiduciary. The Company shall be the named fiduciary and plan
administrator under the Agreement. The named fiduciary may delegate to others
certain aspects of the management and operation responsibilities of the plan
including the employment of advisors and the delegation of ministerial duties to
qualified individuals.

         IN WITNESS WHEREOF, the Executive and a duly authorized Company officer
have signed this Agreement.

EXECUTIVE:                           COMPANY:

                                     West Pointe Bank and Trust Company

/s/ Terry Schafer                    By: /s/ Bruce A. Bone
---------------------------------        ----------------------------------
Terry Schaefer                       Title: Senior Vice President and Chief
                                            Financial Officer

                                     West Pointe Bancorp, Inc.

                                     By: /s/ Bruce A. Bone
                                         ----------------------------------
                                     Title: Senior Vice Presidend and Chief
                                            Financial Officer

                                       9

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<TABLE>
<CAPTION>

                                          WEST POINTE BANK AND TRUST COMPANY
                                                    TERRY SCHAEFER
                                         SALARY CONTINUATION PLAN - SCHEDULE A

                     Normal                             Early Termination      Change of Control
    Plan           Retirement            Accrual          Annual Benefit         Annual Benefit     Disability Annual Benefit
    Year             Benefit             Balance        Payable Immediately     Payable @ age 65       Payable Immediately
    ----           ---------             -------        -------------------    -----------------    -------------------------
<S>                 <C>                <C>                    <C>                  <C>                      <C>
     1              153,200               70,228                8,548              153,200                    8,548
     2              153,200              147,044               17,897              153,200                   17,897
     3              153,200              231,067               27,124              153,200                   27,124
     4              153,200              322,970               39,309              153,200                   39,309
     5              153,200              423,496               51,544              153,200                   51,544
     6              153,200              533,451               64,927              153,200                   64,927
     7              153,200              653,720               79,566              153,200                   79,566
     8              153,200              785,272               95,577              153,200                   95,577
     9              153,200              929,164              113,090              153,200                  113,090
    10              153,200            1,086,555              132,274              153,200                  132,247
    11              153,200            1,258,709              153,200              153,200                  153,200
</TABLE><PAGE>   1
                                                                    EXHIBIT 10.6

                       WEST POINTE BANK AND TRUST COMPANY
                             SPLIT DOLLAR AGREEMENT

         THIS AGREEMENT is made and entered into this 29th day of December,
2000, by and between WEST POINTE BANK AND TRUST COMPANY, a state-chartered
commercial bank located in Belleville, Illinois (the "Company"), and TERRY W.
SCHAEFER (the "Executive"). This Agreement shall append the Split Dollar
Endorsement entered into on even date herewith or as subsequently amended, by
and between the aforementioned parties.

                                  INTRODUCTION

         To encourage the Executive to remain an employee of the Company, the
Company is willing to divide the death proceeds of a life insurance policy on
the Executive's life. The Company will pay life insurance premiums from its
general assets.

                                    ARTICLE 1
                               GENERAL DEFINITIONS

The following terms shall have the meanings specified:

          1.1     "Change of Control" means:

                  (a) The consummation by the Company of a merger, consolidation
          or other reorganization if the percentage of the voting common stock
          of the surviving or resulting entity held or received by all persons
          who were owners of common stock of the Company immediately prior to
          such merger, consolidation or reorganization is less than 50.1% of the
          total voting common stock of the surviving or resulting entity
          outstanding immediately after such merger, consolidation or
          reorganization and after giving effect to any additional issuance of
          voting common stock contemplated by the plan for such merger,
          consolidation or reorganization;

                  (b) At any time during a period of two consecutive years,
          individuals who at the beginning of such period constituted the Board
          of Directors of the Company shall cease for any reason to constitute
          at least a majority thereof, unless the election or the nomination for
          election by the Company's shareholders of each new director during
          such two year period was approved by a vote of at least two-thirds of
          the directors then still in office who were directors at the beginning
          of such two year period;

                  (c) The sale, lease, exchange or other transfer of all or
          substantially all of the assets (in one transaction or in a series of
          related transactions) of the Company to another corporation or entity
          that is not owned, directly or indirectly, by the Company.
          "Substantially all" shall mean a sale, lease, exchange, or other
          transfer involving seventy percent (70%) or more of the fair market
          value of the Company's assets; or

<PAGE>   2

                   (d) The shareholders of the Company approve any plan or
         proposal for the liquidation or dissolution of the Company.

         1.2 "Insurers" means Clarica Life Insurance Company-US, Great-West Life
& Annuity Insurance Company and Jefferson-Pilot Life Insurance Company.

         1.3 "Policies" means policy number 623188 issued by Clarica; policy
number 86001075 issued by Great-West and policy number JP5063551 issued by
Jefferson-Pilot.

         1.4 "Insured" means the Executive.

         1.5 "Normal Retirement Age" means the Executive's 65th birthday.

         1.6 "Termination of Employment" means the Executive ceasing to be
employed by the Company for any reason whatsoever, other than by reason of an
approved leave of absence.

                                    ARTICLE 2
                           POLICY OWNERSHIP/INTERESTS

         2.1 Company Ownership. The Company is the sole owner of the Policies
and shall have the right to exercise all incidents of ownership. The Company
shall be the beneficiary of the death proceeds of the Policies remaining after
the Executive's interest has been paid pursuant to Section 2.2 below.

         2.2 Executive's Interest. The Executive shall have the right to
designate the beneficiary of death proceeds based on the following schedule,
approximately one-third of this amount coming from each of the Policies:

<TABLE>
<CAPTION>
             DATE OF DEATH                      AMOUNT OF DEATH PROCEEDS
             -------------                      ------------------------
<S>                                                     <C>
       Inception to 12-31-2001                          $1,000,000
        1-1-2002 to 12-31-2002                             950,000
        1-1-2003 to 12-31-2003                             900,000
        1-1-2004 to 12-31-2004                             850,000
        1-1-2005 to 12-31-2005                             800,000
        1-1-2006 to 12-31-2006                             750,000
        1-1-2007 to 12-31-2007                             700,000
        1-1-2008 to 12-31-2008                             650,000
        1-1-2009 to 12-31-2009                             600,000
        1-1-2010 to 12-31-2010                             550,000
           1-1-2011 and beyond                             500,000
</TABLE>

The Executive shall also have the right to elect and change settlement options
that may be permitted. Provided, however, the Executive, the Executive's
transferee or the Executive's beneficiary shall have no rights or interests in
the Policies with respect to that

                                       2

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portion of the death proceeds designated in this section 2.2 upon the
Executive's Termination of Employment prior to Normal Retirement Age.

         2.3 Option to Purchase. The Company shall not sell, surrender, reduce
the death proceeds or transfer ownership of any of the Policies while this
Agreement is in effect without first giving the Executive or Executive's
transferee the option to purchase any of the Policies for a period of 60 days
from written notice of such intention. The purchase price shall be an amount
equal to the cash surrender value of the Policy. This provision shall not impair
the right of the Company to terminate this Agreement.

         2.4 Comparable Coverage. Upon Termination of Employment after the
Executive's Normal Retirement Age or after a Change of Control, the Company
shall maintain the Policies in full force and effect and in no event shall the
Company amend, terminate or otherwise abrogate the Executive's interest in the
Policies, unless the Company replaces the Policies with a comparable insurance
policy to cover the proportional benefit provided under this Agreement and
executes a new Split Dollar Endorsement for said comparable insurance policy.
The Policies or any comparable policies shall be subject to the claims of the
Company's creditors.

                                   ARTICLE 3
                                    PREMIUMS

         3.1 Premium Payment. The Company shall pay any premiums due on the
Policies.

         3.2 Imputed Income. The Company shall impute income to the Executive in
an amount equal to the current term rate for the Executive's age multiplied by
the aggregate death benefit payable to the Executive's beneficiary. The "current
term rate" is the minimum amount required to be imputed under Revenue Rulings
64-328 and 66-110, or any subsequent applicable authority.

                                   ARTICLE 4
                                   ASSIGNMENT

         The Executive may assign without consideration all interests in the
Policies and in this Agreement to any person, entity or trust. In the event the
Executive transfers all of the Executive's interest in the Policies, then all of
the Executive's interest in the Policies and in the Agreement shall be vested in
the Executive's transferee, who shall be substituted as a party hereunder and
the Executive shall have no further interest in the Policies or in this
Agreement.

                                       3

<PAGE>   4
                                   ARTICLE 5
                                    INSURER

         The Insurers shall be bound only by the terms of their Policy. Any
payments the Insurers make or actions they take in accordance with their Policy
shall fully discharge them from all claims, suits and demands of all entities or
persons. The Insurer shall not be bound by or be deemed to have notice of the
provisions of this Agreement.

                                   ARTICLE 6
                                CLAIMS PROCEDURE

         6.1 Claims Procedure. The Company shall notify any person or entity
that makes a claim under this Agreement (the "Claimant") in writing, within 90
days of Claimant's written application for benefits, of his or her eligibility
or ineligibility for benefits under this Agreement. If the Company determines
that the Claimant is not eligible for benefits or full benefits, the notice
shall set forth (1) the specific reasons for such denial, (2) a specific
reference to the provisions of this Agreement on which the denial is based, (3)
a description of any additional information or material necessary for the
Claimant to perfect his or her claim, and a description of why it is needed, and
(4) an explanation of this Agreement's claims review procedure and other
appropriate information as to the steps to be taken if the Claimant wishes to
have the claim reviewed. If the Company determines that there are special
circumstances requiring additional time to make a decision, the Company shall
notify the Claimant of the special circumstances and the date by which a
decision is expected to be made, and may extend the time for up to an additional
90 days.

         6.2 Review Procedure. If the Claimant is determined by the Company not
to be eligible for benefits, or if the Claimant believes that he or she is
entitled to greater or different benefits, the Claimant shall have the
opportunity to have such claim reviewed by the Company by filing a petition for
review with the Company within 60 days after receipt of the notice issued by the
Company. Said petition shall state the specific reasons, which the Claimant
believes entitle him or her to benefits or to greater or different benefits.
Within 60 days after receipt by the Company of the petition, the Company shall
afford the Claimant (and counsel, if any) an opportunity to present his or her
position to the Company verbally or in writing, and the Claimant (or counsel)
shall have the right to review the pertinent documents. The Company shall notify
the Claimant of its decision in writing within the sixty-day period, stating
specifically the basis of its decision, written in a manner to be understood by
the Claimant and the specific provisions of this Agreement on which the decision
is based. If, because of the need for a hearing, the 60-day period is not
sufficient, the decision may be deferred for up to another 60-day period at the
election of the Company, but notice of this deferral shall be given to the
Claimant.

                                       4

<PAGE>   5

                                    ARTICLE 7
                           AMENDMENTS AND TERMINATION

         This Agreement may be amended or terminated only by a written agreement
signed by the Company and the Executive. However, unless otherwise agreed to by
the Company and the Executive, this Agreement will automatically terminate upon
the Executive's Termination of Employment (other than in connection with a
Change of Control) prior to Normal Retirement Age.

                                    ARTICLE 8
                                  MISCELLANEOUS

         8.1 Binding Effect. This Agreement shall bind the Executive and the
Company and their beneficiaries, survivors, executors, administrators and
transferees, and any Policy beneficiary.

         8.2 No Guarantee of Employment. This Agreement is not an employment
policy or contract. It does not give the Executive the right to remain an
employee of the Company, nor does it interfere with the Company's right to
discharge the Executive. It also does not require the Executive to remain an
employee nor interfere with the Executive's right to terminate employment at any
time.

         8.3 Applicable Law. The Agreement and all rights hereunder shall be
governed by and construed according to the laws of the State of Illinois, except
to the extent preempted by the laws of the United States of America.

         8.4 Reorganization. The Company shall not merge or consolidate into or
with another company, or reorganize, or sell substantially all of its assets to
another company, firm or person unless such succeeding or continuing company,
firm or person agrees to assume and discharge the obligations of the Company.

         8.5 Notice. Any notice, consent or demand required or permitted to be
given under the provisions of this Split Dollar Agreement by one party to
another shall be in writing, shall be signed by the party giving or making the
same, and may be given either by delivering the same to such other party
personally, or by mailing the same, by United States certified mail, postage
prepaid, to such party, addressed to his or her last known address as shown on
the records of the Company. The date of such mailing shall be deemed the date of
such mailed notice, consent or demand.

         8.6 Entire Agreement. This Agreement constitutes the entire agreement
between the Company and the Executive as to the subject matter hereof. No rights
are granted to the Executive by virtue of this Agreement other than those
specifically set forth herein.

         8.7 Administration. The Company shall have powers which are necessary
to administer this Agreement, including but not limited to:

                                       5

<PAGE>   6

                  (a) Interpreting the provisions of the Agreement;

                  (b) Establishing and revising the method of accounting for the
         Agreement;

                  (c) Maintaining a record of benefit payments; and

                  (d) Establishing rules and prescribing any forms necessary or
         desirable to administer the Agreement.

         8.8 Named Fiduciary. The Company shall be the named fiduciary and plan
administrator under this Agreement. The named fiduciary may delegate to others
certain aspects of the management and operation responsibilities of the plan
including the employment of advisors and the delegation of ministerial duties to
qualified individuals.

         IN WITNESS WHEREOF, the parties have executed this Agreement the day
and year first above written.

EXECUTIVE                                     WEST POINTE BANK AND TRUST
                                              COMPANY

/s/ Terry W. Schaefer                         By /s/ Bruce A. Bone
---------------------------------                -----------------------------
Terry W. Schaefer                             Title Senior Vice President and
                                                    Chief Financial Officer

                                       6

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