Proud to be a part of your community . . . Central Bank is a full service, independently owned Minnesota bank that specializes in serving the banking needs of small businesses. We have offices located in Coon Rapids, Eden Prairie, St. Michael, Stillwater, White Bear Lake, Centerville, Center City, Forest Lake, Hudson Lowry Hill, Newport, South St. Paul, Woodbury, Otsego, Spring Grove and Fort Myers (FL). Central Bank currently has assets of over $860 million. The bank was chartered in June of 1919 as Cosmopolitan State Bank of Stillwater to help serve the needs of the community. In April of 1991, the St. Croix Valley Bank formally merged with Cosmopolitan State Bank and became Central Bank. Each of our market areas has the leadership of its own president. This allows Central Bank to better serve our various communities by offering our customers a 'perfect fit' through an uncommon level of service provided by a knowledgeable, creative and inspired team. Central Bank Call Report* for 12.31.2009: January 29, 2010 8:00 a.m. Contact: Kurt R.Weise, Chairman, 763-542-3001 CENTRAL BANK, STILLWATER MINNESOTA ANNOUNCES DECEMBER 31, 2009 EARNINGS. HIGHLIGHTS: Total assets of $861 million; 2009 Earnings of $20.6 million ; Total Risk Based capital of 14.7%. Stillwater, Minnesota, January 29, 2010----Central Bank today reported net income for the year ended December 31, 2009 of $20.6 million. Total Assets at year end were $861 million and shareholder equity and reserves was $76 million. During 2009 Central acquired four financial institutions in FDIC-assisted transactions, Mainstreet Bank, Forest Lake, Jennings State Bank, Spring Grove, Riverview Community Bank, Otsego, and Commerce Bank, Fort Myers Florida. In each of these transactions, Central acquired bank assets including the loans and repossessed real estate. Central entered into a losssharing agreement with the FDIC which provides a government guarantee on the loans and repossessed real estate. At December 31, 2009 Central reported total loans of $592 million. Included in this total are $232 million of loans covered under the FDIC guarantee. Additionally, Central reported $25.6 million of repossessed real estate, of which $23.9 million is guaranteed by the FDIC. Excluding government guaranteed loans, Central reported non-accrual loans of $4.4 million or 0.7% of loans and 5.8% of capital and reserves. Tier one capital was 7.19% as of December 31, 2009 and total risk-based capital was 14.7% for the same period. Excluding government guaranteed loans, Tier one capital would be 10%. Central Bank expects to integrate each of the banks acquired in 2009 by the third quarter of 2010. Central Bank is a community bank based in Stillwater MN with $861 million in assets and 15 branches in Minnesota, 1 branch in Fort Myers, FL and 1 branch in Hudson WI. *What is a call report? Every National Bank, State Member Bank and insured Nonmember Bank is required by the Federal Financial Institutions Examination Council or "FFIEC" to file a Call Report as of the close of business on the last day of each calendar quarter, i.e. the report date. A call report is the quarterly Report of Condition and Income. All regulated financial institutions in the United States are required to file periodic financial and other information with their respective regulators and other parties. .