Message to Shareholders:

I am pleased to report on the 2010 accomplishments of Rich Land Bancorp, Inc. and its wholly owned subsidiary, TrustBank™.  This Annual Report reflects the consolidated financial statements of Rich Land Bancorp, Inc. as of December 31, 2010 and 2009.

The Corporation’s net income in 2010 was $2,218,000.  This equates to book earnings per share of $2.76, based on shares outstanding at December 31, 2010.  Semi-annual income distributions were made in 2010 totaling $0.70 per share.

Total Assets increased from $160,462,000 at year end 2009 to $167,086,000 at year end 2010.  This is a 4.12% increase in Total Assets for the 12 month period.  Loans, net of allowance for loan losses, grew by $1,447,000.  Total stockholder equity increased from $15,145,000 to $16,614,000 at year end.  This is a 9.69% increase in stockholders’ equity for the year.  During 2010, the book value per share of stock increased from $18.87 to $20.70.

It is the mission of TrustBank to be a premier financial service organization in our market area that offers superior long-term return to our shareholders, opportunity for our staff and both financial and personal support for the market area we serve.

As we look forward to 2011, our 99th year in business, 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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