Main Street Trust Announces 27% Increase in Second Quarter 2005 Net Income

Name	Symbol	Market	Type
Madison Short Term Strategic Income ETF	AMEX:MSTI	AMEX	Exchange Traded Fund

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Main Street Trust Announces 27% Increase in Second Quarter 2005 Net Income CHAMPAIGN, Ill., July 25 /PRNewswire-FirstCall/ -- Main Street Trust, Inc. (OTC:MSTI) (BULLETIN BOARD: MSTI) reported consolidated net income for the quarter of $4.727 million compared to $3.718 million for the same period in 2004, an increase of 27.1%. For the quarter ending June 30, 2005, earnings per share on a fully-diluted basis were $0.45 compared to $0.39 per diluted share for the same period in 2004, an increase of 15.4%. Year-to-date net income was $8.660 million compared to $7.661 million in 2004, an increase of 13.0%. Year-to-date earnings per share on a fully-diluted basis were $0.87, an increase of 8.8% from $0.80 for the comparable period in 2004. Van A. Dukeman, President and CEO stated that, "The Company's acquisition of Citizens First Financial Corp. (approximately $329 million in total assets) headquartered in Bloomington, Illinois highlighted the second quarter. Total banking assets for MSTI have now grown to more than $1.5 billion as a result of this purchase." Dukeman further stated that, "Conversion plans are set to integrate our Bloomington customer base into the Main Street Bank & Trust organization in the fourth quarter of this year. That process has already begun with alignment of the Citizens and Main Street banking products. "Main Street's 10-year strategic growth plan calls for expansion into additional Downstate markets. The Citizens transaction has contributed to the expansion of our footprint. Main Street has economic centers in Champaign- Urbana, Bloomington-Normal, Peoria and Decatur. Our customers now have 23 banking facilities in Downstate Illinois to conduct their financial business. We will continue to enhance current and build new multi-faceted customer relationships in these economic centers through trust, knowledge, and service." Cash Dividend Paid The Company distributed a $0.22 per share cash dividend on July 22, 2005, payable to shareholders of record on July 8, 2005. This is the third quarterly cash dividend paid in 2005; making total dividends paid to-date $0.66 per share for 2005, compared to $0.63 per share for the same period in 2004. Franchise Main Street Trust, Inc. is a diversified financial services company with $1.52 billion in assets as of June 30, 2005, providing financial services at 23 locations in Downstate Illinois. Main Street Bank & Trust offers online banking ( http://www.mainstreettrust.com/ ) and surcharge free ATM access at over 80 locations throughout Illinois. In addition, Main Street Wealth Management has $1.8 billion of financial assets under management for individuals and institutions. Main Street Trust, Inc. also owns a retail payment processing subsidiary -- FirsTech, Inc., which processes nearly 30 million items per year. Special Note Concerning Forward-Looking Statements This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward- looking statements, which may be based upon beliefs, expectations and assumptions of Main Street's management and on information currently available to management, are generally identifiable by the use of words such as "believe," "expect," "anticipate," "plan," "intend," "estimate," "may," "will," "would," "could," "should" or other similar expressions. Additionally, all statements in this document, including forward-looking statements, speak only as of the date they are made, and Main Street does not undertake any obligation to update any statement in light of new information or future events. A number of factors, many of which are beyond the ability of Main Street to control or predict, could cause actual results to differ materially from those in its forward-looking statements. These factors include, among others, the following: (i) the strength of the local and national economy; (ii) the economic impact of any future terrorist threats or attacks; (iii) changes in state and federal laws, regulations and governmental policies concerning its general business; (iv) changes in interest rates and prepayment rates of its assets; (v) increased competition in the financial services sector and the inability to attract new customers; (vi) changes in technology and the ability to develop and maintain secure and reliable electronic systems; (vii) the loss of key executives or employees; (viii) changes in consumer spending; (ix) unexpected results of acquisitions; (x) unexpected outcomes of existing or new litigation involving Main Street; and (xi) changes in accounting policies and practices. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Additional information concerning Main Street, its businesses and factors that could materially affect its financial results, is included in its filings with the Securities and Exchange Commission. Special Note Concerning Goodwill and Other Intangible Assets The Citizens excess purchase price has been allocated to goodwill and identifiable intangible assets in accordance with current accounting literature, to the extent that supportable documentation was available at June 30, 2005. Such amounts are subject to minor adjustments in the near term as additional analysis is performed or obtained from third party sources. SELECTED FINANCIAL HIGHLIGHTS (dollars in thousands, except share data) Three Months Ended Six Months Ended June 30, June 30, Mar. 31, June 30, June 30, 2005 2004 2005 2005 2004 EARNINGS & PER SHARE DATA Basic earnings per share $0.46 $0.39 $0.42 $0.88 $0.81 Weighted average shares of common stock outstanding 10,341,054 9,505,500 9,453,196 9,897,125 9,507,493 Diluted earnings per share $0.45 $0.39 $0.41 $0.87 $0.80 Weighted average shares of common stock and dilutive potential common shares outstanding 10,438,479 9,619,707 9,554,697 9,996,574 9,625,020 Market price per share at period end(1) $28.75 $30.90 $29.60 $28.75 $30.90 Price to book ratio(1) 206.39% 262.09% 244.63% 206.39% 262.09% Price to earnings ratio(1,2) 17.53 19.07 18.85 17.53 19.07 Cash dividends paid per share $0.22 $0.21 $0.22 $0.44 $0.42 Cash dividends declared per share $0.22 $0.21 $0.22 $0.44 $0.42 Book value per share $13.93 $11.79 $12.10 $13.93 $11.79 Tangible book value per share(3) $11.42 $11.78 $12.10 $11.42 $11.78 Ending number of common shares outstanding 10,276,275 9,473,116 9,460,870 10,276,275 9,473,116 AVERAGE BALANCES Assets $1,549,521 $1,197,343 $1,218,171 $1,383,846 $1,184,271 Investment securities 314,511 389,655 346,215 330,363 373,558 Gross loans(4) 1,013,451 707,694 771,499 892,475 702,131 Earning assets 1,371,044 1,111,743 1,137,086 1,254,065 1,098,200 Deposits 1,200,104 948,490 958,418 1,079,261 929,500 Interest bearing liabilities 1,181,084 908,703 909,268 1,045,176 895,560 Common shareholders' equity 143,733 112,809 114,639 129,186 112,935 END OF PERIOD FINANCIAL DATA Tax equivalized net interest income $13,400 $9,505 $10,117 $23,517 $19,277 Gross loans(4) 1,026,591 717,591 774,602 1,026,591 717,591 Allowance for loan losses 13,628 10,084 9,955 13,628 10,084 Total assets under management 1,801,705 1,614,771 1,751,352 1,801,705 1,614,771 PERFORMANCE RATIOS Return on average assets(5) 1.22% 1.25% 1.31% 1.26% 1.30% Return on average equity(5) 13.19% 13.26% 13.91% 13.52% 13.64% Net yield on average earning assets(5,6) 3.92% 3.44% 3.61% 3.78% 3.53% Interest spread (5,6) 3.59% 3.11% 3.21% 3.41% 3.21% Net overhead efficiency ratio(6,7) 56.70% 56.67% 56.55% 56.63% 55.81% Non-interest revenues as a % of total revenues(7,8) 28.33% 35.88% 32.77% 30.30% 35.49% Allowance for loan losses to loans 1.33% 1.41% 1.29% 1.33% 1.41% Allowance as a percentage of non-performing loans 360.15% 367.76% 401.90% 360.15% 367.76% Average loan to deposit ratio 84.45% 74.61% 80.50% 82.69% 75.54% Dividend payout ratio(2) 53.05% 51.23% 54.78% 53.05% 51.23% ASSET QUALITY Net charge-offs $61 $197 $25 $86 $362 Non-performing loans 3,784 2,742 2,477 3,784 2,742 Other non-performing assets 168 126 140 168 126 (1) Closing price at end of period (2) Last 12-months earnings (3) Net of goodwill and core-deposit intangibles (4) Loans include mortgage loans held for sale and nonaccrual loans (5) Annualized (6) On a fully tax-equivalized basis (7) Does not include securities gains/losses (8) Net of interest expense Condensed Consolidated Balance Sheets (Unaudited, in thousands) June 30, March 31, December 31, June 30, 2005 2005 2004 2004 ASSETS Cash and cash equivalents $55,873 $94,265 $64,928 $57,847 Investments in debt and equity securities 364,246 322,362 358,726 385,373 Mortgage loans held for sale 2,768 577 1,005 890 Loans, net of allowance for loan losses 1,010,195 764,070 761,227 706,617 Premises and equipment 22,579 16,909 17,087 16,966 Goodwill 20,819 - - - Core deposit intangibles 5,004 - - - Accrued interest receivable 8,770 6,853 6,570 6,615 Other assets 25,548 19,602 18,575 20,369 Total assets $1,515,802 $1,224,638 $1,228,118 $1,194,677 LIABILITIES AND SHAREHOLDERS' EQUITY Liabilities: Deposits $1,144,164 $958,451 $974,577 $959,424 Federal funds purchased, repurchase agreements and notes payable 121,854 108,818 96,900 82,144 Federal Home Loan Bank advances and other borrowings 89,077 27,571 29,882 29,920 Accrued interest payable 3,471 2,889 2,601 1,987 Other liabilities 14,073 12,402 10,183 9,509 Total liabilities $1,372,639 $1,110,131 $1,114,143 $1,082,984 Total shareholders' equity 143,163 114,507 113,975 111,693 Total liabilities and shareholders' equity $1,515,802 $1,224,638 $1,228,118 $1,194,677 Consolidated Statements of Income (Unaudited, in thousands) Quarter Ended: Six Months Ended: June 30, June 30, June 30, June 30, 2005 2004 2005 2004 Interest Income: Loans and fees on loans $15,913 $10,013 $27,318 $20,064 Investments in debt and equity securities Taxable 3,241 2,699 5,605 5,413 Tax-exempt 385 476 786 979 Federal funds sold and interest bearing deposits 592 75 813 188 Total interest income 20,131 13,263 34,522 26,644 Interest expense: Deposits 5,403 3,344 9,003 6,546 Federal funds purchased, repurchase agreements and notes payable 751 276 1,258 557 Federal Home Loan Bank advances and other borrowings 787 398 1,173 797 Total interest expense 6,941 4,018 11,434 7,900 Net interest income 13,190 9,245 23,088 18,744 Provision for loan losses 300 330 630 660 Net interest income after provision for loan losses 12,890 8,915 22,458 18,084 Non-interest income: Remittance processing 1,696 1,923 3,403 3,815 Trust and brokerage fees 1,810 1,625 3,652 3,287 Service charges on deposit accounts 783 622 1,309 1,201 Securities transactions, net (155) (2) 35 6 Gain on sales of mortgage loans, net 260 345 397 548 Other 664 659 1,277 1,462 Total non-interest income 5,058 5,172 10,073 10,319 Non-interest expense: Salaries and employee benefits 6,281 4,543 11,228 9,251 Occupancy 807 638 1,469 1,283 Equipment 675 647 1,281 1,280 Data processing 552 555 1,103 1,087 Office supplies 289 312 587 617 Amortization expense- core deposit intangibles 218 - 218 - Service charges from correspondent banks 145 233 255 458 Other 1,587 1,390 2,862 2,539 Total non-interest expense 10,554 8,318 19,003 16,515 Income before income taxes 7,394 5,769 13,528 11,888 Income taxes 2,667 2,051 4,868 4,227 Net income $4,727 $3,718 $8,660 $7,661 DATASOURCE: Main Street Trust, Inc. CONTACT: Van A. Dukeman, President-CEO of Main Street Trust, Inc., +1-217-351-6568, Fax: +1-217-351-6651 Web site: http://www.mainstreettrust.com/

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MSTI Madison Short Term Strategic Income ETF