Message to Shareholders:

I am pleased to report on the 2006 accomplishments of Rich Land Bancorp, Inc. and its wholly owned subsidiary, TrustBank™. This Annual Report reflects the comparative consolidated financial statements of Rich Land Bancorp, Inc. as of December 31, 2006 and 2005.

The Corporation’s net income in 2006 was $1,304,000. This equates to earnings per share of $1.62, based on shares outstanding at December 31, 2006. Total Assets at year end were $142,475,000, representing an 8.20% increase in the 12 month period.

During 2006, the book value per share of stock increased by 5.70%, moving from $19.31 per share to $20.41 per share. Total stockholder’s equity at year end was $16,410,000. The market value as of December 31, 2006 was $24.00 per share.

2006 was a year in which two major strategies were accomplished. Our strategy to grow the bank through expansion into a growing economy was moved forward with the opening of our first Arizona Branch, located in Tempe, on May 16, 2006. Our strategy to pass along the benefits of choosing to be a Sub Chapter S organization to our shareholders was accomplished through a merger on December 8, 2006. Beginning in April 2007, we plan to begin a tradition of a quarterly income distribution to our shareholders.

As we look forward to 2007, our pledge to you, the shareholder, is to manage the corporation in a manner that results in maximum shareholder value. Our plan to accomplish this promise is:

“Providing Premier Financial Products with Superior Service”.

With Warm Regards,

Bruce A. Runyon
President and Chief Executive Officer

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