Message to Shareholders:

I am pleased to report on the 2011 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, 2011 and 2010.

The Corporation’s net income in 2011 was $2,185,000.  This equates to book earnings per share of $2.72, based on outstanding shares as of December 31, 2011.  Quarterly income distributions were made in 2011 totaling $0.85 per share.

Total Assets increased from $167,086,000 on December 31, 2010 to $168,318,000 on December 31, 2011. During 2011, total stockholder equity increased from $16,614,000 to $18,861,000, representing a 13.53% increase. The book value of stock also increased from $20.70 to $23.49 per share as of December 31, 2011.

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. Our pledge to you, the shareholder, is to manage the corporation in a manner that results in maximum shareholder value. It is our commitment to you to continue to "provide premier financial products with superior service."

2012 is a special year for TrustBank. Originally known as Olney Trust and Banking Company, TrustBank was formed on September 13, 1912. We are pleased to announce that this year will mark our celebration of 100 years in business, and we are honored that you have chosen to be a part of our century of success.

With Warm Regards,

Bruce A. Runyon
President and Chief Executive Officer

>Back to Letters to Shareholders

>Back to About TrustBank Home