Main Street Trust Announces Fourth Quarter 2004 Earnings and Other Activities

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

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Main Street Trust Announces Fourth Quarter 2004 Earnings and Other Activities CHAMPAIGN, Ill., Jan. 28 /PRNewswire-FirstCall/ -- Main Street Trust, Inc. (OTC:MSTI) (BULLETIN BOARD: MSTI) reported earnings of $0.37 in unaudited consolidated net income per diluted share for the quarter ended December 31, 2004, compared to $0.41 per diluted share for the same period in 2003. Consolidated net income for the quarter totaled $3.562 million compared to $3.910 million for the same period in 2003. Unaudited consolidated net income per diluted share for the year ended December 31, 2004 totaled $1.54 compared to $1.60 per diluted share for the year ended December 31, 2003. Consolidated net income for the year totaled $14.778 million compared to $16.605 million for the same period in 2003. It should be noted that MSTI utilized approximately $32.4 million of its capital in September 2003 to purchase treasury stock. Van A. Dukeman, President and CEO stated that, "MSTI earnings for 2004 declined slightly due to compression of our net interest margin, one-time expenses associated with the merger/name change of our subsidiary banks, The First National Bank of Decatur and BankIllinois in the fourth quarter, and a decline in mortgage banking fees. MSTI did post a 12% increase in Wealth Management fees for the year; however, that increase did not offset the decline in mortgage banking fees. Credit quality continues to be excellent with the allowance for loan losses as a percentage of non-performing loans at 432%. Also in the fourth quarter the following other initiatives were achieved: -- Announcement of proposed acquisition of Citizens First Financial Corporation (approximately $327 million in total assets) headquartered in Bloomington, Illinois. Subject to the necessary approvals, closing is anticipated for early in the second quarter of 2005. -- Merged all bank subsidiaries and adopted a single name and identity - Main Street Bank & Trust -- Realigned Main Street Bank & Trust into a line of business structure to encourage growth and accountability -- Opened branch office in Peoria, Illinois area" Cash Dividend Paid The Company distributed a $0.22 per share cash dividend on January 28, 2005, payable to shareholders of record on January 14, 2005. This is the fourth quarterly cash dividend declared in 2004, and represents a 5% increase in the quarterly dividend paid in January 2005. Franchise Main Street Trust, Inc. is a diversified financial services company with $1.2 billion in assets, providing financial services to more than 40,000 customers at 18 locations in 15 communities in Central Illinois. Main Street Bank & Trust offers online banking ( http://www.mainstreettrust.com/ ) and surcharge free ATM access at 78 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 40 million items per year. On November 8, 2004, Main Street Trust announced its plans to acquire Citizens First Financial Corp. Main Street Trust filed with the Securities and Exchange Commission, a registration statement on Form S-4 and other relevant documents in connection with its merger with Citizens First Financial Corp., including a proxy statement for use in connection with a special meeting of Citizens stockholders that will be held to approve the merger. CITIZENS STOCKHOLDERS ARE URGED TO READ THE DEFINITIVE VERSIONS OF THESE IMPORTANT MATERIALS AND ANY OTHER RELEVANT DOCUMENTS CAREFULLY BEFORE MAKING ANY DECISION CONCERNING THE MERGER. These documents will be available free of charge at the SEC's website, http://www.sec.gov/ . In addition, documents filed with the SEC by Main Street will be available free of charge from its Corporate Secretary at 100 W. University, Champaign, Illinois 61824-4028, telephone 217-351-6500 and documents filed with the SEC by Citizens will be available free of charge from its Corporate Secretary at 2101 North Veterans Parkway, Bloomington, Illinois 61704, telephone 309-661-8700. Condensed Consolidated Balance Sheets (Unaudited, in thousands) December 31, September 30, December 31, 2004 2004 2003 ASSETS Cash and cash equivalents $64,928 $101,075 $75,903 Investments in debt and equity securities 358,726 368,179 370,726 Mortgage loans held for sale 1,005 910 632 Loans, net of allowance for loan losses 761,227 726,310 666,259 Premises and equipment 17,087 17,065 17,622 Accrued interest receivable 6,570 7,119 6,430 Other assets 18,575 18,940 16,602 Total assets $1,228,118 $1,239,598 $1,154,174 LIABILITIES AND SHAREHOLDERS' EQUITY Liabilities: Deposits $974,577 $990,035 $898,472 Federal funds purchased, repurchase agreements and notes payable 96,900 94,694 102,998 Federal Home Loan Bank advances and other borrowings 29,882 29,902 29,980 Accrued interest payable 2,601 2,304 1,669 Other liabilities 10,183 9,735 9,605 Total liabilities $1,114,143 $1,126,670 $1,042,724 Total shareholders' equity 113,975 112,928 111,450 Total liabilities and shareholders' equity $1,228,118 $1,239,598 $1,154,174 Consolidated Statements of Income (Unaudited, in Quarter Ended: Twelve Months Ended: thousands) December 31, December 31, December 31, December 31, 2004 2003 2004 2003 Interest Income: Loans and fees on loans $10,997 $9,919 $41,568 $41,467 Investments in debt and equity securities Taxable 2,820 2,855 10,793 11,502 Tax-exempt 420 548 1,844 2,270 Federal funds sold and interest bearing deposits 261 84 600 447 Total interest income 14,498 13,406 54,805 55,686 Interest expense: Deposits 3,783 3,233 13,972 14,070 Federal funds purchased, repurchase agreements and notes payable 378 277 1,271 1,094 Federal Home Loan Bank advances and other borrowings 407 403 1,609 1,559 Total interest expense 4,568 3,913 16,852 16,723 Net interest income 9,930 9,493 37,953 38,963 Provision for loan losses 110 480 1,100 1,470 Net interest income after provision for loan losses 9,820 9,013 36,853 37,493 Non-interest income: Remittance processing 1,566 1,899 7,201 7,211 Trust and brokerage fees 1,661 1,553 6,492 5,783 Service charges on deposit accounts 599 639 2,419 2,545 Securities transactions, net (6) 37 133 (12) Gain on sales of mortgage loans, net 220 322 997 2,536 Other 530 654 2,605 2,231 Total non-interest income 4,570 5,104 19,847 20,294 Non-interest expense: Salaries and employee benefits 4,911 4,352 18,889 18,245 Occupancy 701 642 2,669 2,489 Equipment 626 602 2,512 2,389 Data processing 650 545 2,283 2,108 Office supplies 360 304 1,247 1,266 Service charges from correspondent banks 129 233 781 931 Other 1,545 1,228 5,498 4,913 Total non-interest expense 8,922 7,906 33,879 32,341 Income before income taxes 5,468 6,211 22,821 25,446 Income taxes 1,906 2,301 8,043 8,841 Net income $3,562 $3,910 $14,778 $16,605 SELECTED FINANCIAL HIGHLIGHTS Three Months Ended Dec. 31, Dec. 31, Sept. 30, 2004 2003 2004 (dollars in thousands, except share data) EARNINGS & PER SHARE DATA Basic earnings per share $0.38 $0.41 $0.38 Weighted average shares of common stock outstanding 9,448,657 9,496,069 9,460,495 Diluted earnings per share $0.37 $0.41 $0.37 Weighted average shares of common stock and dilutive potential common shares outstanding 9,554,364 9,621,600 9,573,370 Market price per share at period end(1) $29.00 $31.00 $31.00 Price to book ratio(1) 240.46% 264.28% 259.41% Price to earnings ratio(1)(2) 18.59 19.14 19.75 Cash dividends paid per share $0.21 $0.20 $0.21 Book value per share $12.06 $11.73 $11.95 Tangible book value per share(3) $12.06 $11.72 $11.95 Ending number of common shares outstanding 9,448,990 9,500,369 9,448,323 AVERAGE BALANCES Assets $1,239,921 $1,138,483 $1,228,605 Investment securities 364,416 373,224 381,580 Gross loans(4) 751,631 661,123 732,227 Earning assets 1,156,435 1,053,279 1,139,861 Deposits 992,181 883,647 983,263 Interest bearing liabilities 943,950 861,618 940,782 Common shareholders' equity 113,616 110,332 112,386 END OF PERIOD FINANCIAL DATA Tax equivalized net interest income $10,160 $9,790 $9,521 Gross loans(4) 771,882 676,677 737,183 Reserve for loan losses 9,650 9,786 9,963 Total assets under management 1,764,562 1,514,142 1,647,398 PERFORMANCE RATIOS Return on average assets(5) 1.14% 1.36% 1.15% Return on average equity(5) 12.47% 14.06% 12.58% Net yield on average earning assets(5)(6) 3.50% 3.69% 3.32% Interest spread(5)(6) 3.14% 3.36% 3.00% Net overhead efficiency ratio(6)(7) 60.55% 53.21% 58.85% Non-interest revenues as a % of total revenues(7)(8) 31.55% 34.80% 34.21% Allowance for loan losses to loans 1.25% 1.45% 1.35% Allowance as a percentage of non- performing Loans 431.57% 959.41% 369.55% Average loan to deposit ratio 75.76% 74.82% 74.47% Dividend payout ratio(2) 54.49% 46.91% 52.83% ASSET QUALITY Net charge-offs $423 $387 $451 Non-performing loans 2,236 1,020 2,696 Other non-performing assets 33 55 185 Twelve Months Ended Dec. 31, Dec. 31, 2004 2003 EARNINGS & PER SHARE DATA Basic earnings per share $1.56 $1.62 Weighted average shares of common stock outstanding 9,481,034 10,242,929 Diluted earnings per share $1.54 $1.60 Weighted average shares of common stock and dilutive potential common shares outstanding 9,594,148 10,359,836 Market price per share at period end(1) $29.00 $31.00 Price to book ratio(1) 240.46% 264.28% Price to earnings ratio(1)(2) 18.59 19.14 Cash dividends paid per share $0.84 $0.70 Book value per share $12.06 $11.73 Tangible book value per share(3) $12.06 $11.72 Ending number of common shares outstanding 9,448,990 9,500,369 AVERAGE BALANCES Assets $1,209,267 $1,126,660 Investment securities 373,278 360,747 Gross loans(4) 722,030 655,225 Earning assets 1,123,174 1,043,076 Deposits 958,611 861,720 Interest bearing liabilities 918,963 833,250 Common shareholders' equity 112,968 131,080 END OF PERIOD FINANCIAL DATA Tax equivalized net interest income $38,958 $40,201 Gross loans(4) 771,882 676,677 Reserve for loan losses 9,650 9,786 Total assets under management 1,764,562 1,514,142 PERFORMANCE RATIOS Return on average assets(5) 1.22% 1.47% Return on average equity(5) 13.08% 12.67% Net yield on average earning assets(5)(6) 3.47% 3.85% Interest spread(5)(6) 3.14% 3.45% Net overhead efficiency ratio(6)(7) 57.74% 53.45% Non-interest revenues as a % of total revenues(7)(8) 34.19% 34.26% Allowance for loan losses to loans 1.25% 1.45% Allowance as a percentage of non- performing Loans 431.57% 959.41% Average loan to deposit ratio 75.32% 76.04% Dividend payout ratio(2) 54.49% 46.91% ASSET QUALITY Net charge-offs $1,236 $943 Non-performing loans 2,236 1,020 Other non-performing assets 33 55 (1) Closing price at end of period (2) Last 12-months earnings (3) Net of goodwill (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 DATASOURCE: Main Street Trust, Inc. CONTACT: Van A. Dukeman, CFA, President and CEO, of Main Street Trust, +1-217-351-6568, Web site: http://www.mainstreettrust.com/

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MSTI Madison Short Term Strategic Income ETF