Document:

Exhibit 10.12

                        FEDERAL HOME LOAN BANK OF BOSTON
                              BOSTON, MASSACHUSETTS

        AGREEMENT FOR ADVANCES, COLLATERAL PLEDGE, AND SECURITY AGREEMENT

The undersigned Member (the Member) does, from time to time make applications to
the Federal Home Loan Bank of Boston (the Bank) for advances of funds, Letters
of Credit, Interest Rate Swap Agreements and other extensions of credit and
services (collectively "advances"). The Member agrees, therefore, in
consideration of making of any advance by the Bank, as follows:

1.    To repay, according to the terms and conditions as indicated on the
      records of the Bank and communicated to the Member in writing, the
      principal sum of all advances made by the Bank, to the Bank at its office
      in the City of Boston, Massachusetts, or at such other place as the Bank
      may from time to time appoint in writing. It is further agreed that the
      undersigned Member will abide by all other terms and conditions as set
      forth in the Bank's Statement of Credit Policy as amended from time to
      time and communicated to the Member in writing.

2.    To pay interest on the daily unpaid balances of each advance, and to pay
      all fees and charges payable in connection with each advance according to
      the terms and conditions as indicated on the records of the Bank and
      communicated to the Member in writing. In the event that any payment on or
      in connection with an advance is not made by the Member when due, the Bank
      may without notice to the Member apply any deposits, credits or monies of
      the Member then in the possession of the Bank to such due and payable
      amounts. All payments with respect to advances shall be applied first to
      any fees of charges applicable thereto, then to interest due thereon and
      then to any principal amount hereof that is then due and payable. Past due
      principal and interest, shall bear interest at a rate per annum equal to
      the higher of one (1) percentage point higher than the highest rate of
      interest currently being charged by the Bank on any advance or one (1)
      percentage point higher than the contract rate. Any prepayment fees or
      charges for which provision is made with respect to any advance that is
      now or hereafter outstanding shall be payable at the time of any voluntary
      or involuntary payment of the principal of such advance prior to the
      originally scheduled maturity thereof, including without limitation
      payments that are made as a part of a liquidation of the Member or that
      become due as a result of an acceleration pursuant to the terms hereof,
      whether such payment is made by the Member, by a conservator, receiver,
      liquidator or trustee of or for the Member, or by any successor to or
      assignee of the Member.

3.    To furnish to the Bank from time to time a certified copy of a resolution
      of its Board of Directors or other governing body authorizing one or more
      individuals as the Member shall select to apply for advances from the
      Bank. Unless the Bank shall be otherwise notified in writing, the Bank may
      honor applications made by any one of such individuals other than in
      writing, but in any such event, the Member shall confirm such application
      for advance in writing on forms furnished by the Bank. The Member shall
      forever be estopped to deny its obligation to repay such advance whether
      or not an application in writing is ever received by the Bank provided the
      advance is made in good faith by the Bank on the request of any one such
      individual. Member agrees that the Bank shall have no obligation to make
      advances hereunder.

4.    As collateral security for any and all advances and other indebtedness now
      or hereafter outstanding of the Member to the Bank, including without
      limitation, all obligations of the Member hereunder and all other
      liabilities of the Member to the Bank, the Member hereby assigns,
      transfers and pledges, to the Bank, and grants to the Bank a security
      interest in, all of the following property that is now or hereafter owned
      by the Member (collectively, the "Collateral"):

      (a}   all of the Member's capital stock in the Bank and all payments which
            have been or hereafter are made on account of subscriptions to and
            all unpaid dividends on such capital stock;

                                                                    F.H.L.B.
                                                                   MAR 23 2000
                                                                   Donna Salem
                                                                   AUDIT DEPT.
<PAGE>

12.   This Agreement shall apply to existing and future advances and shall
      remain in full force and effect until terminated by written notice by the
      Member or by the Bank, provided that any such termination shall not
      terminate or impair the terms of this Agreement as to all advances and
      loans outstanding hereunder at the time of such termination or to help
      pledge of Collateral hereunder.

IN WITNESS WHEREOF, the Member, by authority of its Board of Directors or
governing body, has caused this Agreement to be executed by its duly authorized
officers on this 19th day of February, 1998.

Executed as a sealed instrument      The First National Bank of Ipswich
                                     -------------------------------------------
                                              (Member Institution)

(Affix Corporate Seal)               Ipswich, Massachusetts
                                     -------------------------------------------
                                                   (Location)

                                     By /s/ Randy Collum    Assistant Controller
                                        ----------------------------------------
                                        (Signature)               (Title)

State of Massachusetts

County of Essex                         February 19              ,    1998
                                     ----------------------------       ----
                                               (Date)

      Then personally appeared the above named    Randy Collum
                                               -------------------
                                                   (Individual)

and acknowledged the foregoing instrument to be the free act and deed of

The First National Bank of Ipswich, before me,
----------------------------------
      (Member Institution)

                                     /s/ Linda K. Beaupareant
                                     -------------------------------------------
                                                 Notary Public

(Affix Notary's Seal)                My commission expires Mar. 30, 2001

06-93

                                                                      F.H.L.B.
                                                                     MAR 23 2000
                                                                     AUDIT DEPT.

<PAGE>

FHLBBoston                                      FEDERAL HOME LOAN BANK OF BOSTON

                                                         DELEGATION OF AUTHORITY

                                PURSUANT TO THE FEDERAL HOME LOAN BANK OF BOSTON
      BLANKET RESOLUTION FOR ADVANCES, LETTERS OF CREDIT AND INTEREST RATE SWAPS

Pursuant to the authority vested in me by a Resolution adopted at a meeting of
the Board of Directors of

First National Bank of Ipswich ("Institution") adopting the Federal Home Loan
------------------------------
        (Institution)

Bank of Boston ("Bank") Blanket Resolution for Advances, Letters of Credit and
Interest Rate Swaps duly held on September 23, 1999 at which a quorum was
                                 ------------------
                                        (Date)

present and acting throughout, I hereby designate the individuals listed below,
each of whom holds the position indicated opposite his/her name, to act for and
on behalf of said Institution in any of its business with the Bank, within the
authority prescribed in the Resolution. Further, I hereby certify that the
signatures set forth above each typed name are the true and genuine signatures
of said individuals.

President & C.E.O.                        /s/ Donald P. Gill
-------------------------------------     --------------------------------------
              (Title)                                 (Signature)

                                          Name typed: Donald P. Gill

Vice President, Finance                   /s/ John Doherty
-------------------------------------     --------------------------------------
              (Title)                                 (Signature)

                                          Name typed: John Doherty

Financial Analyst                         /s/ Deborah Luciano
-------------------------------------     --------------------------------------
              (Title)                                 (Signature)

                                          Name typed: Deborah Luciano

Senior Accountant                         /s/ Sean Regan
-------------------------------------     --------------------------------------
              (Title)                                 (Signature)

                                          Name typed: Sean Regan

All previous delegations of authority are hereby rescinded. This authorization
shal1 continue in effect until receipt by the Bank of written notice of its
amendment or revocation.

IN WITNESS WHEREOF, I have hereunto set my hand and seal this 12th day of June,
2003.

                                          /s/ Michael J. Wolnik
                                          ----------------------------
                                          By: Michael J. Wolnik
                                          Title: Senior Vice President & C.F.O.<PAGE>

                                Exhibit 10(A)(1)

                            JACKSONVILLE SAVINGS BANK
                              EMPLOYMENT AGREEMENT

     This Agreement is made effective as of the 16th day of March 2004, by and
between Jacksonville Savings Bank (the "Bank"), an Illinois chartered savings
institution, with its principal administrative office at 1211 West Morton
Avenue, Jacksonville, Illinois 62650-2000 and Andrew F. Applebee ("Executive").
Any reference to "Company" herein shall mean Jacksonville Bancorp, Inc. or any
successor thereto.

     WHEREAS, Executive has been employed by the Bank since 1976 and is
presently serving as its Chairman of the Board; and

     WHEREAS, the Bank wishes to retain the services of Executive as an employee
of the Bank for the period provided in this Agreement; and

     WHEREAS, Executive is willing to serve in the employ of the Bank on a
full-time basis for said period.

     NOW, THEREFORE, in consideration of the mutual covenants herein contained,
and upon the other terms and conditions hereinafter provided, the parties hereby
agree as follows:

1.   POSITION AND RESPONSIBILITIES

     During the period of his employment hereunder, Executive agrees to serve as
Chairman of the Board of the Bank. During said period, Executive also agrees to
serve, if elected, as an officer and director of any subsidiary or affiliate of
the Bank. Failure to reappoint Executive as Chairman of the Board without the
consent of Executive during the term of this Agreement shall constitute a breach
of this Agreement.

2.   TERMS AND DUTIES

     (a)  The period of Executive's employment under this Agreement shall begin
as of the date first above written and shall continue for a period of thirty-six
(36) full calendar months thereafter. Commencing on the first anniversary date
of this Agreement, and continuing at each anniversary date thereafter, the
Agreement shall renew for an additional year such that the remaining term shall
be three (3) years unless written notice is provided to Executive at least ten
(10) days and not more than thirty (30) days prior to any such anniversary date,
that his employment shall cease at the end of twenty-four (24) months following
such anniversary date. Prior to each notice period for non-renewal, the
disinterested members of the Board of Directors of the Bank ("Board") will
conduct a comprehensive performance evaluation and review of Executive for
purposes of determining whether to extend the Agreement, and the results thereof
shall be included in the minutes of the Board's meeting.

     (b)  During the period of his employment hereunder, except for periods of
absence occasioned by illness, reasonable vacation periods, and reasonable
leaves of absence, Executive shall devote substantially all his business time,
attention, skill, and efforts to the faithful performance of his duties
hereunder including activities and services related to the organization,
operation and management of the Bank; provided, however, that, with the approval
of the Board, as evidenced by a resolution of such Board, from time to time,
Executive may serve, or continue to serve, on the boards of directors of, and
hold any other offices or positions in, companies or organizations, which, in
such Board's judgment, will not present any conflict of interest with the Bank,
or materially affect the performance of Executive's duties pursuant to this
Agreement. Nothing in this Section shall be construed as preventing Executive
from serving from time to time on boards, committees, or holding positions of
non-profit or governmental organizations, including religious and civic groups,
without the need for Board approval.

3.   COMPENSATION AND REIMBURSEMENT

     (a)  The compensation specified under this Agreement shall constitute the
salary and benefits paid for the duties described in Section 2(b). The Bank
shall pay Executive as compensation a salary of not less than $97,320 per year
("Base Salary"). Such Base Salary shall be payable biweekly. During the period
of this Agreement, Executive's Base Salary shall be reviewed at least annually;
the first such review will be made no later than January

<PAGE>

31 of each year during the term of this Agreement and shall be effective from
the first day of said month through the end of the calendar year. Such review
shall be conducted by a Committee designated by the Board, and the Board may
increase, but not decrease, Executive's Base Salary (any increase in Base Salary
shall become the "Base Salary" for purposes of this Agreement). In addition to
the Base Salary provided in this Section 3(a), the Bank shall provide Executive
at no cost to Executive with all such other benefits as are provided uniformly
to permanent full-time employees of the Bank.

     (b)  The Bank will provide Executive with employee benefit plans,
arrangements and perquisites substantially equivalent to those in which
Executive was participating or otherwise deriving benefit from immediately prior
to the beginning of the term of this Agreement, and the Bank will not, without
Executive's prior written consent, make any changes in such plans, arrangements
or perquisites which would adversely affect Executive's rights or benefits
thereunder. Without limiting the generality of the foregoing provisions of this
Subsection (b), Executive will be entitled to participate in or receive benefits
under any employee benefit plans including but not limited to, retirement plans,
supplemental retirement plans, pension plans, profit-sharing plans,
health-and-accident plans, medical coverage or any other employee benefit plan
or arrangement made available by the Bank in the future to its senior executives
and key management employees, subject to and on a basis consistent with the
terms, conditions and overall administration of such plans and arrangements.
Executive will be entitled to incentive compensation and bonuses as provided in
any plan of the Bank in which Executive is eligible to participate. Nothing paid
to the Executive under any such plan or arrangement will be deemed to be in lieu
of other compensation to which Executive is entitled under this Agreement.

     (c)  In addition to the Base Salary provided for by paragraph (a) of this
Section 3, the Bank shall pay or reimburse Executive for all reasonable travel
and other reasonable expenses incurred by Executive performing his obligations
under this Agreement and may provide such additional compensation in such form
and such amounts as the Board may from time to time determine.

     (d)  Compensation and reimbursement to be paid pursuant to paragraphs (a),
(b) and (c) of this Section 3 shall be paid by the Bank and the Company,
respectively on a pro rata basis based upon the amount of service Executive
devotes to the Bank and Company, respectively.

     (e)  In addition to the foregoing, Executive shall be entitled to receive
fees for serving as a director of the Bank in the same amount and on the same
terms as fees are paid to other directors of the Bank.

4.   PAYMENTS TO EXECUTIVE UPON AN EVENT OF TERMINATION

     The provisions of this Section shall in all respects be subject to the
terms and conditions stated in Sections 8 and 15.

     (a)  The provisions of this Section shall apply upon the occurrence of an
Event of Termination (as herein defined) during Executive's term of employment
under this Agreement. As used in this Agreement, an "Event of Termination" shall
mean and include any one or more of the following: (i) the termination by the
Bank or the Company of Executive's full-time employment hereunder for any reason
other than, (A) Disability or Retirement as defined in Section 6 below, (B) a
Change in Control, as defined in Section 5(a) hereof, or (C) Termination for
Cause as defined in Section 7 hereof; or (ii) Executive's resignation from the
Bank's employ, upon any (A) failure to elect or reelect or to appoint or
reappoint Executive as Chairman of the Board, (B) material change in Executive's
function, duties, or responsibilities, which change would cause Executive's
position to become one of lesser responsibility, importance, or scope from the
position and attributes thereof described in Section 1, above, (C) a relocation
of Executive's principal place of employment by more than 30 miles from its
location at the effective date of this Agreement, or a material reduction in the
benefits and perquisites to Executive from those being provided as of the
effective date of this Agreement, (D) liquidation or dissolution of the Bank or
Company other than liquidations or dissolutions that are caused by
reorganizations that do not affect the status of Executive, or (E) any other
breach of this Agreement by the Bank. Upon the occurrence of any event described
in clauses (ii)(A), (B), (C), (D) or (E), above, Executive shall have the right
to elect to terminate his employment under this Agreement by resignation upon
sixty (60) days prior written notice given within a reasonable period of time
not to exceed four calendar months after the initial event giving rise to said
right to elect. Notwithstanding the preceding sentence, in the event of a
continuing breach of this Agreement by the Bank, Executive, after giving due
notice within the

<PAGE>

prescribed time frame of an initial event specified above, shall not waive any
of his rights solely under this Agreement and this Section 4 by virtue of the
fact that Executive has submitted his resignation but has remained in the
employment of the Bank and is engaged in good faith discussions to resolve any
occurrence of an event described in clauses (A), (B), (C), (D) and (E) above.

     (b)  Upon the occurrence of an Event of Termination, on the Date of
Termination, as defined in Section 8, the Bank shall pay Executive, or, in the
event of his subsequent death, his beneficiary or beneficiaries, or his estate,
as the case may be, as severance pay or liquidated damages, or both, a sum equal
to the greater of the payments due for the remaining term of the Agreement or
three (3) times the average of the three preceding years' Base Salary, including
bonuses and any other cash compensation paid to Executive during such years, and
the amount of any benefits received pursuant to any employee benefit plans on
behalf of Executive, maintained by the Bank during such years; provided,
however, that if the Bank is not in compliance with its minimum capital
requirements or if such payments would cause the Bank's capital to be reduced
below its minimum capital requirements, such payments shall be deferred until
such time as the Bank is in capital compliance, and provided further, that in no
event shall total severance compensation from all sources exceed three times the
Executive's Base Salary for the immediately preceding year. At the election of
the Executive, which election is to be made on an annual basis during the month
of January, and which election is irrevocable for the year in which made and
upon the occurrence of an Event of Termination, such payments shall be made in a
lump sum or paid monthly during the remaining term of the Agreement following
the Executive's termination. In the event that no election is made, payment to
the Executive will be made on a monthly basis during the remaining term of the
Agreement. Such payments shall not be reduced in the event the Executive obtains
other employment following termination of employment.

     (c)  Notwithstanding the provisions of Sections 4(a) and (b), and in the
event that there has not been a Change in Control as defined in Section 5(a),
upon the voluntary termination by the Executive upon giving sixty days notice to
the Bank (which shall not be deemed to constitute an "Event of Termination" as
defined herein), the Bank, at the discretion of the Board of Directors, shall
pay Executive, or in the event of his subsequent death, his beneficiary or
beneficiaries, or his estate, as the case may be, a severance payment in an
amount to be determined by the Board of Directors at the time of such voluntary
termination by the Executive. Such severance payment shall not exceed three (3)
times the average of the three preceding years' Base Salary, including bonuses
and any other cash compensation paid to the Executive during such years, and the
amount of any benefits received pursuant to any employee benefit plans, on
behalf of the Executive, maintained by the Bank during such years; provided,
however, that if the Bank is not in compliance with its minimum capital
requirements or if such payments would cause the Bank's capital to be reduced
below its minimum capital requirements, such payments shall be deferred until
such time as the Bank is in capital compliance, and provided further, that in no
event shall total severance compensation from all sources exceed three times the
Executive's Base Salary for the immediately preceding year. At the election of
the Executive, which election is to be made on an annual basis during the month
of January, and which election is irrevocable for the year in which made and
upon the voluntary termination of the Executive in accordance with this Section
4(c), any payments shall be made in a lump sum or paid monthly during the
remaining term of the agreement following the Executive's termination. In the
event that no election is made, any payment to the Executive will be made on a
monthly basis during the remaining term of the Agreement. Such payments shall
not be reduced in the event the Executive obtains other employment following
termination of employment.

     (d)  Upon the occurrence of an Event of Termination, the Bank will cause to
be continued life, medical, dental and disability coverage substantially
identical to the coverage maintained by the Bank for Executive prior to his
termination, provided that such benefits shall not be provided in the event they
should constitute an unsafe or unsound banking practice relating to executive
compensation and employment contracts pursuant to applicable regulations, as is
now or hereafter in effect. Such coverage shall cease upon the expiration of the
remaining term of this Agreement.

5.   CHANGE IN CONTROL

     (a)  No benefit shall be payable under this Section 5 unless there shall
have been a Change in Control of the Bank or Company, as set forth below. For
purposes of this Agreement, a "Change in Control" of the Bank or Company shall
mean an event of a nature that (i) would be required to be reported in response
to Item 1(a) of the current report on Form 8-K, as in effect on the date hereof,
pursuant to Section 13 or 15(d) of the Securities

<PAGE>

Exchange Act of 1934 (the "Exchange Act"), or (ii) results in a Change in
Control of the Bank or the Company within the meaning of the Home Owners' Loan
Act, as amended and applicable rules and regulations promulgated thereunder as
in effect at the time of the Change in Control; or (iii) without limitation such
a Change in Control shall be deemed to have occurred at such time as (a) any
"person" (as the term is used in Sections 13(d) and 14(d) of the Exchange Act)
is or becomes a "beneficial owner" (as defined in Rule 13d-3 of the Exchange
Act) directly or indirectly, of securities of the Company representing 25% or
more of the Company's outstanding securities except for any securities purchased
by the Bank's employee stock ownership plan or trust; (b) individuals who
constitute the Board on the date hereof (the "Incumbent Board") cease for any
reason to constitute at least a majority thereof; (c) a plan of reorganization,
merger, consolidation, sale of all or substantially all the assets of the Bank
or Company or similar transaction in which the Bank or the Company is not the
surviving institution occurs; (d) a proxy statement soliciting proxies from
stockholders of the Company, by someone other than the then current Board of
Directors of the Company, seeking stockholder approval of a plan of
reorganization, merger or consolidation of the Company or similar transaction
with one or more corporations as a result of which the outstanding shares of the
common stock of the Company are exchanged for or converted into cash or property
or securities not issued by the Company; or (e) a tender offer is made for 25%
or more of the voting securities of the Company and the shareholders owning
beneficially or of record 25% or more of the outstanding securities of the
Company have tendered or offered to sell their shares pursuant to such tender
offer and such tendered shares have been accepted by the tender offeror.

     Notwithstanding the foregoing, a "Change in Control" of the Bank or the
Company shall not be deemed to have occurred in connection with the conversion
of Jacksonville Bancorp, MHC to stock form.

     For these purposes, "Incumbent Board" means, in the case of the Company,
the Board of Directors of the Company, respectively, on the date hereof,
provided that any person becoming a director subsequent to the date hereof whose
election was approved by a vote of at least threequarters of the directors
comprising the Incumbent Board, or whose nomination for election by members or
stockholders was approved by the same nominating committee serving under an
Incumbent Board, shall be considered as though he were a member of the Incumbent
Board.

     (b)  If any of the events described in Section 5(a) hereof constituting a
Change in Control have occurred, Executive shall be entitled to the benefits
provided in paragraphs (c), (d), (e), (f), (g) and (h) of this Section 5 upon
his subsequent termination of employment at any time during the term of this
Agreement, regardless of whether such termination results from (i) his
resignation or (ii) his dismissal upon the Change in Control.

     (c)  Upon the occurrence of a Change in Control followed by the Executive's
termination of employment, the Bank shall pay Executive, or in the event of his
subsequent death, his beneficiary or beneficiaries, or his estate, as the case
may be, as severance pay or liquidated damages, or both, a sum equal to the
greater of the payments due for the remaining term of the Agreement or 2.99
times the average of the five preceding years' Base Salary, including bonuses
and any other cash compensation paid to the Executive during such years, and the
amount of any contributions made to any employee benefit plans, on behalf of the
Executive, maintained by the Bank during such years. Such payment shall be made
by the Bank on the Date of Termination. At the election of the Executive, which
election shall be made on an annual basis during the month of January, and which
election is irrevocable for the year in which made and upon the occurrence of a
Change in Control, such payment may be made in a lump sum or paid in equal
monthly installments during the thirty-six (36) months following the Executive's
termination. In the event that no election is made, payment to the Executive
will be made on a monthly basis during the remaining term of the Agreement.

     (d)  Upon the occurrence of a Change in Control followed by the Executive's
termination of employment, the Bank will cause to be continued life, medical,
dental and disability coverage substantially identical to the coverage
maintained by the Bank for Executive prior to his severance. Such coverage and
payments shall cease upon the expiration of thirty-six (36) months.

     (e)  Upon the occurrence of a Change in Control, Executive will be entitled
to any benefits granted to him pursuant to any Stock Option Plan of the Bank or
Holding Company.

<PAGE>

     (f)  Upon the occurrence of a Change in Control the Executive will be
entitled to any benefits awarded to him under the Bank's Recognition and
Retention Plan or any restricted stock plan in effect.

     (g)  Notwithstanding the preceding paragraphs of this Section 5, in the
event that:

          (i)  the aggregate payments or benefits to be made or afforded to
               Executive under said paragraphs (the "Termination Benefits")
               would be deemed to include an "excess parachute payment" under
               Section 280G of the Code or any successor thereto, and

          (ii) if such Termination Benefits were reduced to an amount (the
               "Non-Triggering Amount"), the value of which is one dollar
               ($1.00) less than an amount equal to the total amount of payments
               permissible under Section 280G of the Code or any successor
               thereto, then the Termination Benefits to be paid to Executive
               shall be so reduced so as to be a Non-Triggering Amount. The
               Executive, in his sole discretion, shall determine which benefit
               or benefits shall be reduced.

     (h)  Notwithstanding the foregoing, there will be no reduction in the
compensation otherwise payable to Executive during any period during which
Executive is incapable of performing his duties hereunder by reason of temporary
disability.

     (i)  Any payments made to Executive pursuant to this Agreement or
otherwise, are subject to and conditioned upon their compliance with 12 U.S.C.
ss. 1818(k) and any applicable regulations promulgated thereunder.

     (j)  The Executive shall not be entitled to any payments pursuant to this
Section 5 if the Bank is not in compliance with its minimum capital requirements
or if such payments would cause the Bank's capital to be reduced below its
minimum capital requirements, such payments shall be deferred until such times
as the Bank is in capital compliance.

     (k)  Notwithstanding the foregoing, if after the application of
subparagraph (g) above, it is determined that the Executive received an excess
parachute payment despite the reduction in the Executive's Termination Benefits,
the excess of such Termination Benefits paid to the Executive over 2.99 times
the Executive's "base amount", as defined in Section 280G of the Code, shall be
treated as a loan to the Executive and the Executive shall be required to repay
such amount to the Bank or the Company, or the successor of the Bank or the
Company, within ten years of the date of such determination, with interest at
the prime rate, as set forth from time to time in The Wall Street Journal.

6.   TERMINATION UPON RETIREMENT OR DISABILITY

     Termination by the Bank of the Executive based on "Retirement" shall mean
termination in accordance with the Bank's retirement policy or in accordance
with any retirement arrangement established with Executive's consent with
respect to him. Upon termination of Executive upon Retirement, Executive shall
be entitled to all benefits under any retirement plan of the Bank and other
plans to which Executive is a party.

     Termination by the Bank of Executive's employment based on "Disability"
shall mean termination because of any physical or mental impairment which
qualifies the Executive for disability benefits under the applicable long-term
disability plan maintained by the Bank or, if no such plan applies, which would
qualify the Executive for disability benefits under the federal social security
system. In the event Executive is unable to perform his duties under this
Agreement on a full-time basis for a period of six (6) consecutive months by
reason of Disability, the Bank may terminate this Agreement, provided that the
Bank shall continue to be obligated to pay Executive his Base Salary, including
bonuses and any other cash compensation paid to Executive during such period for
the remaining term of this Agreement, or one (1) year, whichever is the longer
period of time, and provided further that any amounts actually paid to Executive
pursuant to any disability insurance or other similar such program which the
Bank has provided or may provide on behalf of its employees or pursuant to any
workman's or social security disability program shall reduce the compensation to
be paid to Executive pursuant to this paragraph.

<PAGE>

     In the event of Executive's death during the term of this Agreement, his
estate, legal representatives or named beneficiaries (as directed by Executive
in writing) shall be paid Executive's Base Salary at the rate in effect at the
time of Executive's death for a period of one (1) year from the date of
Executive's death, and the Bank will continue to provide medical, dental, family
and other benefits normally provided for Executive's family for one (1) year
after Executive's death.

7.   TERMINATION FOR CAUSE

     The term "Termination for Cause" shall mean termination because of the
Executive's personal dishonesty, incompetence, willful misconduct, any breach of
fiduciary duty involving personal profit, intentional failure to perform stated
duties, willful violation of any law, rule, or regulation (other than traffic
violations or similar offenses) or final cease-and-desist order, or material
breach of any provision of this Agreement. In determining incompetence, the acts
or omissions shall be measured against standards generally prevailing in the
savings institutions industry. For purposes of this paragraph, no act or failure
to act on the part of Executive shall be considered "willful" unless done, or
omitted to be done, by the Executive not in good faith and without reasonable
belief that the Executive's action or omission was in the best interest of the
Bank. Notwithstanding the foregoing, Executive shall not be deemed to have been
Terminated for Cause unless and until there shall have been delivered to him a
copy of a resolution duly adopted by the affirmative vote of not less than
three-fourths of the members of the Board at a meeting of the Board called and
held for that purpose (after reasonable notice to Executive and an opportunity
for him, together with counsel, to be heard before the Board), finding that in
the good faith opinion of the Board, Executive was guilty of conduct justifying
Termination for Cause and specifying the particulars thereof in detail. The
Executive shall not have the right to receive compensation or other benefits for
any period after Termination for Cause. Any stock options granted to Executive
under any stock option plan of the Bank, the Company or any subsidiary or
affiliate thereof, shall not be exercisable upon Executive's receipt of Notice
of Termination for Cause pursuant to Section 8 hereof, and shall be null and
void subsequent to Executive's Termination for Cause, unless such Termination
for Cause is found to be wrongful or such dispute is otherwise decided in
Executive's favor, as set forth in Section 8(c) hereof.

8.   NOTICE

     (a)  Any purported termination by the Bank or by Executive shall be
communicated by Notice of Termination to the other party hereto. For purposes of
this Agreement, a "Notice of Termination" shall mean a written notice which
shall indicate the specific termination provision in this Agreement relied upon
and shall set forth in reasonable detail the facts and circumstances claimed to
provide a basis for termination of Executive's employment under the provision so
indicated.

     (b)  "Date of Termination" shall mean the date specified in the Notice of
Termination (which, in the case of a Termination for Cause, shall not be less
than thirty (30) days from the date such Notice of Termination is given).

     (c)  If, within thirty (30) days after any Notice of Termination is given,
the party receiving such Notice of Termination notifies the other party that a
dispute exists concerning the termination, except upon the occurrence of a
Change in Control and voluntary termination by the Executive in which case the
Date of Termination shall be the date specified in the Notice, the Date of
Termination shall be the date on which the dispute is finally determined, either
by mutual written agreement of the parties, by a binding arbitration award, or
by a final judgment, order or decree of a court of competent jurisdiction (the
time for appeal having expired and no appeal having been perfected) and provided
further that the Date of Termination shall be extended by a notice of dispute
only if such notice is given in good faith and the party giving such notice
pursues the resolution of such dispute with reasonable diligence.
Notwithstanding the pendency of any such dispute, the Bank will continue to pay
Executive his full compensation in effect when the notice giving rise to the
dispute was given (including, but not limited to, Base Salary) and continue
Executive as a participant in all compensation, benefit and insurance plans in
which he was participating when the notice of dispute was given, until the
dispute is finally resolved in accordance with this Agreement, provided such
dispute is resolved within nine months after the Date of Termination specified
in the Notice or Termination; notwithstanding the foregoing no compensation or
benefits shall be paid to Executive in the event the Executive is Terminated for
Cause. In the event that such Termination for Cause is found to have been
wrongful or such dispute is otherwise decided in Executive's favor, the
Executive shall be entitled to receive all compensation and benefits

<PAGE>

which accrued for up to a period of nine months after the Termination for Cause.
If such dispute is not resolved within such nine-month period, the Bank shall
not be obligated, upon final resolution of such dispute, to pay Executive
compensation and other payments accruing more than nine months from the Date of
the Termination specified in the Notice of Termination. Amounts paid under this
Section are in addition to all other amounts due under this Agreement and shall
not be offset against or reduce any other amounts due under this Agreement.

9.   POST-TERMINATION OBLIGATIONS

     (a)  All payments and benefits to Executive under this Agreement shall be
subject to Executive's compliance with paragraph (b) of this Section 9 during
the term of this Agreement and for one (1) full year after the expiration or
termination hereof.

     (b)  Executive shall, upon reasonable notice, furnish such information and
assistance to the Bank as may reasonably be required by the Bank in connection
with any litigation in which it or any of its subsidiaries or affiliates is, or
may become, a party.

10.  NON-COMPETITION

     (a)  Upon any termination of Executive's employment hereunder pursuant to
Section 4(c) hereof, Executive agrees not to compete with the Bank and/or the
Company for a period of one (1) year following such termination in any city,
town or county in which the Bank and/or the Company has an office or has filed
an application for regulatory approval to establish an office, determined as of
the effective date of such termination, except as agreed to pursuant to a
resolution duly adopted by the Board. Executive agrees that during such period
and within said cities, towns and counties, Executive shall not work for or
advise, consult or otherwise serve with, directly or indirectly, any entity
whose business materially competes with the depository, lending or other
business activities of the Bank and/or the Company. The parties hereto,
recognizing that irreparable injury will result to the Bank and/or the Company,
its business and property in the event of Executive's breach of this Subsection
10(a) agree that in the event of any such breach by Executive, the Bank and/or
the Company will be entitled, in addition to any other remedies and damages
available, to an injunction to restrain the violation hereof by Executive,
Executive's partners, agents, servants, employers, employees and all persons
acting for or with Executive. Nothing herein will be construed as prohibiting
the Bank and/or the Company from pursuing any other remedies available to the
Bank and/or the Company for such breach or threatened breach, including the
recovery of damages from Executive.

     (b)  Executive recognizes and acknowledges that the knowledge of the
business activities and plans for business activities of the Bank and affiliates
thereof, as it may exist from time to time, is a valuable, special and unique
asset of the business of the Bank. Executive will not, during or after the term
of his employment, disclose any knowledge of the past, present, planned or
considered business activities of the Bank or affiliates thereof to any person,
firm, corporation, or other entity for any reason or purpose whatsoever.
Notwithstanding the foregoing, Executive may disclose any knowledge of banking,
financial and/or economic principles, concepts or ideas which are not solely and
exclusively derived from the business plans and activities of the Bank, and
Executive may disclose any information regarding the Bank or the Company which
is otherwise publicly available. In the event of a breach or threatened breach
by the Executive of the Provisions of this Section 10, the Bank will be entitled
to an injunction restraining Executive from disclosing, in whole or in part, the
knowledge of the past, present, planned or considered business activities of the
Bank or affiliates thereof, or from rendering any services to any person, firm,
corporation, other entity to whom such knowledge, in whole or in part, has been
disclosed or is threatened to be disclosed. Nothing herein will be construed as
prohibiting the Bank from pursuing any other remedies available to the Bank for
such breach or threatened breach, including the recovery of damages from
Executive.

11.  SOURCE OF PAYMENTS

     All payments provided in this Agreement shall be timely paid in cash or
check from the general funds of the Bank. The Company, however, guarantees
payment and provision of all amounts and benefits due hereunder to Executive
and, if such amounts and benefits due from the Bank are not timely paid or
provided by the Bank, such amounts and benefits shall be paid or provided by the
Company.

12.  EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFITS PLANS

<PAGE>

     This Agreement contains the entire understanding between the parties hereto
and supersedes any prior employment agreement between the Bank or any
predecessor of the Bank and Executive, except that this Agreement shall not
affect or operate to reduce any benefit or compensation inuring to the Executive
of a kind elsewhere provided. No provision of this Agreement shall be
interpreted to mean that Executive is subject to receiving fewer benefits than
those available to him without reference to this Agreement.

13.  NO ATTACHMENT

     (a)  Except as required by law, no right to receive payments under this
Agreement shall be subject to anticipation, commutation, alienation, sale,
assignment, encumbrance, charge, pledge, or hypothecation, or to execution,
attachment, levy, or similar process or assignment by operation of law, and any
attempt, voluntary or involuntary, to affect any such action shall be null,
void, and of no effect.

     (b)  This Agreement shall be binding upon, and inure to the benefit of,
Executive and the Bank and their respective successors and assigns.

14.  MODIFICATION AND WAIVER

     (a)  This Agreement may not be modified or amended except by an instrument
in writing signed by the parties hereto.

     (b)  No term or condition of this Agreement shall be deemed to have been
waived, nor shall there be any estoppel against the enforcement of any provision
of this Agreement, except by written instrument of the party charged with such
waiver or estoppel. No such written waiver shall be deemed a continuing waiver
unless specifically stated therein, and each such waiver shall operate only as
to the specific term or condition waived and shall not constitute a waiver of
such term or condition for the future as to any act other than that specifically
waived.

15.  REQUIRED PROVISIONS

     Notwithstanding anything herein contained to the contrary, any payments to
the Executive by the Company are subject to and conditioned upon their
compliance with Section 18(k) of the Federal Deposit Insurance Act, 12 U.S.C.
ss. 1828(k), and the regulations promulgated thereunder in 12 C.F.R. Part 359.

16.  SEVERABILITY

     If, for any reason, any provision of this Agreement, or any part of any
provision, is held invalid, such invalidity shall not affect any other provision
of this Agreement or any part of such provision not held so invalid, and each
such other provision and part thereof shall to the full extent consistent with
law continue in full force and effect.

17.  HEADINGS FOR REFERENCE ONLY

     The headings of sections and paragraphs herein are included solely for
convenience of reference and shall not control the meaning or interpretation of
any of the provisions of this Agreement.

18.  GOVERNING LAW

     This Agreement shall be governed by the laws of the State of Illinois, but
only to the extent not superseded by federal law.

<PAGE>

19.  ARBITRATION

     Any dispute or controversy arising under or in connection with this
Agreement shall be settled exclusively by arbitration in accordance with the
rules of the American Arbitration Association then in effect. Judgment may be
entered on the arbitrator's award in any court having jurisdiction; provided,
however, that Executive shall be entitled to seek specific performance of his
right to be paid until the Date of Termination during the pendency of any
dispute or controversy arising under or in connection with this Agreement.

20.  PAYMENT OF LEGAL FEES

     All reasonable legal fees paid or incurred by Executive pursuant to any
dispute or question of interpretation relating to this Agreement shall be paid
or reimbursed by the Bank, provided that the dispute or interpretation has been
settled by Executive and the Bank or resolved in the Executive's favor.

21.  INDEMNIFICATION

     The Bank shall provide Executive (including his heirs, executors and
administrators) with coverage under a standard directors' and officers'
liability insurance policy at its expense, or in lieu thereof, shall indemnify
Executive (and his heirs, executors and administrators) to the fullest extent
permitted under federal law against all expenses and liabilities reasonably
incurred by him in connection with or arising out of any action, suit or
proceeding in which he may be involved by reason of his having been a director
or officer of the Bank (whether or not he continues to be a director or officer
at the time of incurring such expenses or liabilities), such expenses and
liabilities to include, but not be limited to, judgments, court costs and
attorneys' fees and the cost of reasonable settlements- (such settlements must
be approved by the Board of Directors of the Bank). If such action, suit or
proceeding is brought against Executive in his capacity as an officer or
director of the Bank, however, such indemnification shall not extend to matters
as to which Executive is finally adjudged to be liable for willful misconduct in
the performance of his duties. No Indemnification shall be paid that would
violate 12 U.S.C. ss. 1828(K) or any regulations promulgated thereunder.

22.  SUCCESSOR TO THE BANK

     The Bank shall require any successor or assignee, whether direct or
indirect, by purchase, merger, consolidation or otherwise, to all or
substantially all the business or assets of the Bank or the Company, expressly
and unconditionally to assume and agree to perform the Bank's obligations under
this Agreement, in the same manner and to the same extent that the Bank would be
required to perform if no such succession or assignment had taken place.

<PAGE>

                                   SIGNATURES

     IN WITNESS WHEREOF, the Bank has caused this Agreement to be executed and
their seals to be affixed hereunto by its duly authorized officer, and Executive
has signed this Agreement, on the day and date first above written.

ATTEST:                                              JACKSONVILLE SAVINGS BANK

/s/ Diana S. Tone                           By:      /s/ Richard A. Foss
-----------------------                              ---------------------------
                                                     President

[SEAL]

WITNESS:                                             EXECUTIVE

/s/ Stacy L. Shade                          By:      /s/ Andrew F. Applebee
-----------------------                              ---------------------------
                                                     Andrew F. Applebee

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