Pay

The Bank has a comprehensive employee benefit program, ranging from vacations and holidays to profit sharing and 401(k) savings plans. The Bank's benefit program has been designed to fulfill the best interests of its employees.

Eligibility for the various benefits depends upon a number of factors, such as full-time or part-time status, length of service and employment category. The requirements for enrollment in each of these plans vary.

All employees are eligible for holiday pay upon employment.

Holiday pay for part-time employees is calculated at one-half of the normally scheduled holiday hours.

The Bank usually observes the following holidays and any change in this schedule will be announced:

     *  New Year's Day

     *  Memorial Day

     *  Independence Day

     *  Labor Day

     *  Thanksgiving Day

     *  Christmas Eve (1/2 day)

     *  Christmas Day

During the first year, full-time non-officer employees accrue vacation time. Part-time employees accrue vacation based on actual hours worked.

Upon completing 30 calendar days of full-time employment with the Bank, employees are eligible for group term life insurance. The premium is paid by the Bank and is equivalent to two (2) times an employee’s annual salary.

Health insurance becomes available to full-time employees upon completion of 30 calendar days of employment with the Bank.

The Bank offers an optional dental benefit available for employees who have completed 30 calendar days of full-time employment.

To be eligible, an employee must be 18 years of age, have worked 1,000 hours and have been employed by the Bank for 30 calendar days. This plan does not allow for employee contributions; it is a non-contributory plan. The Profit Sharing Plan has a three (3) year cliff vesting scale.

To be eligible, an employee must be 18 years of age, have worked 1,000 hours and have been employed by the Bank for 30 calendar days. The 401(k) Plan allows for a before-tax employee contribution, with the Bank match determined annually. This plan also has a three (3) year cliff vesting scale.

Short Term Disability is available for non-exempt full-time employees on the sixth day of a medical leave of absence. This benefit is payable according to length of service.

The Bank is committed to providing equal opportunity to all employees and the tuition refund program is evidence of our commitment. The purpose of the tuition refund program is to strongly encourage full-time employees to further their education in the practice and theory of banking and related business subjects.

Any full-time employee of the Bank is eligible to apply for tuition refund. The employee must:

     *  be employed for at least one year at the time of application;

     *  be employed at the time the tuition refund is to be made; and

     *  have a satisfactory attendance and work record.

The Bank offers a wide range of products to our customers. Employees (full-time and part-time) may be eligible to receive discounts on certain deposit accounts, loans and services. Employees are expected to adhere to the Bank’ s code of ethics and to take appropriate action for maintaining a good credit rating.

Upon completing 30 calendar days of employment with the Bank, employees are allowed to contribute a Flexible Spending Account (FSA).

The Dependent Care Reimbursement Account enables employees to pay for qualified dependent care expenses with pre-tax dollars.