Message to Shareholders:

I am pleased to report on the 2001 accomplishments of Rich land Bancorp, Inc. and its wholly owned subsidiary, TrustBank™. This Annual Report reflects the comparative consolidated financial statements as of December 31, 2001 and December 31, 2000.

The Corporation’s net income was $1.0 million for 2001. This equates to earnings of $1.31 per share, based on average shares outstanding. At year-end, our total assets were $129.31 million.

In 2001, the book value per share of Rich Land Bancorp, Inc. stock rose to $16.78, while the market price per share ended the year at $22.00. Our capital grew to $13.11 million. Dividends paid in 2001 totaled the equivalent of $0.60 per share, paid in the form of a stock dividend, with fractional shares paid in cash. Shareholders of Rich Land Bancorp, Inc. have realized increasing dividends each year since 1986.

The continuing success of Rich Land Bancorp, Inc. is supported by the positive economic influences in our community, along with the efforts of a progressive board of directors and a very talented staff. The key element in the success of Rich Land Bancorp, Inc. is found in our persistent commitment to finding ways to better serve our customers. This promise of better customer service requires investments in technology, delivery systems and products to develop convenient and innovative solutions in order to exceed the expectations of our customers.

During 2001, examples of this commitment to exceed customer expectations included:

• The Richland County Mall and Cisne Branches were remodeled, updating the décor in each;
• Wireless Broadband Internet Access was introduced for the Olney area through our ISP – OTBnet;
• Our checking account product line was enhanced with the introduction of the TrustBank Advantage, Advantage Plus and Advantage Classic checking services.

We anticipate continued growth of our market area during 2002 and look forward to the resulting new opportunities. Our commitment to providing Quality Customer Service remains a priority.

Our pledge to you, the shareholder, is to manage the corporation in a manner that results in maximum shareholder value. Our strategy in accomplishing this promise is to:

“Provide Premier Financial Products with Superior Service”.

Sincerely,

Bruce A. Runyon
President & Chief Executive Officer
Rich Land Bancorp, Inc.

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