DISCLOSURES

Personal Savings Accounts
All personal savings accounts are handled in the following manner:

-Interest is calculated on the daily collected balance method. This method applies a daily periodic rate to the outstanding collected balance in the account each day.
-Interest begins to accrue on the business day noncash items (i.e. checks) are collected.
-Your interest rate and annual percentage yield may change on your account at any time at our discretion.
-You may make no more than six withdrawals and/or transfers, including preauthorized automatic, or telephone transfers, to another account of yours at the bank or to a third party per statement cycle.

Personal Checking Accounts
All interest bearing personal checking accounts are handled in the following manner:

-Interest is calculated on the daily collected balance method. This method applies a daily periodic rate to the outstanding collected balance in the account each day.
-Interest begins to accrue on the business day noncash items (i.e. checks) are collected.
-Your interest rate and annual percentage yield may change on your account at any time at our discretion.
-Interest will be compounded and credited to your account every month.

Personal CDs/IRAs Accounts
All certificates of deposits, including IRAs, are handled in the following manner:

-Interest is calculated on the daily collected balance method. This method applies a daily periodic rate to the full amount of principal in the account each day.
-Interest begins to accrue on the business day you deposit noncash items (i.e. checks).
-Interest withdrawn prior to maturity will reduce earnings.
-Accrued interest will be credited to the balance of the CD if redeemed early.
-A penalty against the principle balance of the CD will be imposed if redeemed prior to maturity.  Amount of penalty will vary from 3-9 months of interest, depending on the term of the deposit. The penalty may invade principle.  

Business Savings Accounts
All business savings accounts are handled in the following manner:

-Interest is calculated on the daily collected balance method. This method applies a daily periodic rate to the outstanding collected balance in the account each day.
-Interest begins to accrue on the business day noncash items (i.e. checks) are collected.
-Your interest rate and annual percentage yield may change on your account at any time at our discretion.
-You may make no more than six withdrawals and/or transfers, including preauthorized automatic, or telephone transfers, to another account of yours at the bank or to a third party per statement cycle.  

Business Checking Accounts
All interest bearing business checking accounts are handled in the following manner:

-Interest is calculated on the daily collected balance method. This method applies a daily periodic rate to the outstanding collected balance in the account each day.
-Interest begins to accrue on the business day noncash items (i.e. checks) are collected.
-Your interest rate and annual percentage yield may change on your account at any time at our discretion.
-Interest will be compounded and credited to your account every month.