Main Street Trust Reports Year-to-Date and Third Quarter 2006 Earnings

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

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CHAMPAIGN, Ill., October 23 /PRNewswire-FirstCall/ -- Main Street Trust, Inc. (OTC:MSTI) (BULLETIN BOARD: MSTI) reported year-to-date 2006 earnings per share on a fully diluted basis of $1.39, compared to $1.37 for the comparable period in 2005. Main Street also reported earnings of $0.46 in unaudited consolidated net income per diluted share for the quarter ended September 30, 2006, compared to $0.50 per diluted share for the same period in 2005. Consolidated net income for the quarter totaled $4.679 million compared to $5.151 million for the same period in 2005. Year-to-date net income was $14.168 million compared to $13.811 million in 2005. MSTI stock closed at $34.45 on September 30, 2006 compared to $30.50 on June 30, 2006. Van A. Dukeman, President and CEO stated that, "This was a unique quarter for our Company, as evidenced by the historical announcement on September 21 that Main Street Trust, Inc. and First Busey Corporation have signed a definitive agreement to join forces in a merger of equals. News of the merger was well received in our communities. As we reported in an earlier news release, Main Street shareholders will receive shares of First Busey common stock, using a fixed exchange ratio of 1.55 shares of First Busey common stock for each share of Main Street common stock. The combined company will operate under the name First Busey Corporation and will continue to list its common stock on the Nasdaq Global Select Market, trading under the symbol BUSE." Dukeman further stated that, "The merger is subject to regulatory approval, as well as approval by First Busey and Main Street shareholders and other customary conditions. The transaction is expected to be completed during the second quarter of 2007." Cash Dividend Paid The Company distributed a $0.23 per share cash dividend on October 20, 2006, payable to shareholders of record on October 6, 2006. This is the fourth quarterly cash dividend paid in 2006; making total dividends paid to- date $0.92 per share for 2006, compared to $0.88 per share for the same period in 2005. Franchise Main Street Trust, Inc. is a diversified financial services company with $1.6 billion in assets as of September 30, 2006, 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 $2.3 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 over 25 million items per year. Condensed Consolidated Balance Sheets (Unaudited, in thousands) September 30, June 30, December 31, September 30, 2006 2006 2005 2005 ASSETS Cash and cash equivalents $59,309 $46,590 $94,066 $112,845 Investments in debt and equity securities 431,222 451,151 444,623 334,576 Mortgage loans held for sale 1,912 2,064 1,661 1,973 Loans, net of allowance for loan losses 980,499 973,217 1,002,927 1,000,825 Premises and equipment 22,402 22,707 23,047 22,364 Goodwill 20,736 20,736 20,736 20,832 Core deposit intangibles 3,916 4,134 4,569 4,786 Accrued interest receivable 11,359 9,476 8,461 9,157 Other assets 26,795 26,069 25,047 26,061 Total assets $1,558,150 $1,556,144 $1,625,137 $1,533,419 LIABILITIES AND SHAREHOLDERS' EQUITY Liabilities: Deposits $1,251,147 $1,205,731 $1,275,972 $1,181,826 Federal funds purchased, repurchase agreements and notes payable 110,956 141,716 118,452 117,130 Federal Home Loan Bank advances and other borrowings 29,574 44,670 67,386 71,482 Accrued interest payable 4,893 4,604 4,657 3,727 Other liabilities 13,377 13,422 14,901 15,025 Total liabilities $1,409,947 $1,410,143 $1,481,368 $1,389,190 Total shareholders' equity 148,203 146,001 143,769 144,229 Total liabilities and shareholders' equity $1,558,150 $1,556,144 $1,625,137 $1,533,419 Consolidated Statements of Income (Unaudited, in thousands) Quarter Ended: Nine Months Ended: September 30, September 30, September 30, September 30, 2006 2005 2006 2005 Interest Income: Loans and fees on loans $18,056 $16,643 $52,207 $43,961 Investments in debt and equity securities Taxable 4,635 3,664 13,321 9,269 Tax-exempt 284 370 906 1,156 Federal funds sold and interest bearing deposits 268 439 965 1,252 Total interest income 23,243 21,116 67,399 55,638 Interest expense: Deposits 8,769 5,868 24,389 14,871 Federal funds purchased, repurchase agreements and notes payable 1,467 870 4,064 2,128 Federal Home Loan Bank advances and other borrowings 484 812 1,746 1,985 Total interest expense 10,720 7,550 30,199 18,984 Net interest income 12,523 13,566 37,200 36,654 Provision for loan losses 450 450 1,350 1,080 Net interest income after provision for loan losses 12,073 13,116 35,850 35,574 Non-interest income: Remittance processing 1,863 1,741 5,366 5,144 Trust and brokerage fees 2,042 2,153 5,944 5,805 Service charges on deposit accounts 670 820 2,061 2,129 Securities transactions, net - (485) 279 (450) Gain on sales of mortgage loans, net 166 329 442 726 Other 747 740 2,420 2,017 Total non-interest income 5,488 5,298 16,512 15,371 Non-interest expense: Salaries and employee benefits 6,008 6,097 17,693 17,325 Occupancy 747 824 2,322 2,293 Equipment 619 674 1,862 1,955 Data processing 821 566 2,278 1,669 Office supplies 295 319 892 906 Amortization expense- core deposit intangibles 218 217 653 435 Service charges from correspondent banks 68 134 214 389 Other 1,646 1,480 4,855 4,342 Total non- interest expense 10,422 10,311 30,769 29,314 Income before income taxes 7,139 8,103 21,593 21,631 Income taxes 2,460 2,952 7,425 7,820 Net income $4,679 $5,151 $14,168 $13,811 SELECTED FINANCIAL HIGHLIGHTS (dollars in thousands, except share data) Three Months Ended Nine Months Ended Sept. 30, June 30, Sept. 30, Sept. 30, Sept. 30, 2006 2006 2005 2006 2005 EARNINGS & PER SHARE DATA Basic earnings per share $0.46 $0.47 $0.50 $1.40 $1.38 Weighted average shares of common stock outstanding 10,076,548 10,125,520 10,248,453 10,114,614 10,014,234 Diluted earnings per share $0.46 $0.47 $0.50 $1.39 $1.37 Weighted average shares of common stock and dilutive potential common shares outstanding 10,189,861 10,247,920 10,341,647 10,224,308 10,111,588 Market price per share at period end(1) $34.45 $30.50 $29.35 $34.45 $29.35 Price to book ratio(1) 233.56% 210.93% 208.16% 233.56% 208.16% Price to earnings ratio(1),(2) 18.83 16.31 16.68 18.83 16.68 Cash dividends paid per share $0.23 $0.23 $0.22 $0.69 $0.66 Cash dividends declared per share $0.23 $0.23 $0.22 $0.69 $0.66 Book value per share $14.75 $14.46 $14.10 $14.75 $14.10 Tangible book value per share(3) $12.45 $12.16 $11.60 $12.45 $11.60 Ending number of common shares outstanding 10,046,079 10,099,281 10,228,542 10,046,079 10,228,542 AVERAGE BALANCES Assets $1,551,348 $1,586,412 $1,537,563 $1,577,624 $1,435,085 Investment securities 442,387 467,576 360,031 459,885 358,431 Gross loans(4) 982,152 983,060 1,020,809 985,316 935,253 Earning assets 1,423,770 1,460,496 1,407,522 1,450,356 1,323,396 Deposits 1,229,713 1,242,725 1,187,693 1,240,796 1,115,405 Interest bearing liabilities 1,171,468 1,207,313 1,162,494 1,195,860 1,084,282 Common shareholders' equity 146,880 146,123 143,826 145,960 134,066 END OF PERIOD FINANCIAL DATA Tax equivalized net interest income $12,680 $12,562 $13,770 $37,703 $37,287 Gross loans(4) 996,644 989,176 1,016,486 996,644 1,016,486 Allowance for loan losses 14,233 13,895 13,688 14,233 13,688 Total assets under management 2,332,516 2,184,056 1,870,721 2,332,516 1,870,721 PERFORMANCE RATIOS Return on average assets(5) 1.20% 1.21% 1.33% 1.20% 1.29% Return on average equity(5) 12.64% 13.17% 14.21% 12.98% 13.77% Net yield on average earning assets(5),(6) 3.53% 3.45% 3.88% 3.48% 3.77% Interest spread (5),(6) 2.89% 2.86% 3.43% 2.88% 3.34% Net overhead efficiency ratio (6),(7) 57.36% 57.06% 52.73% 57.05% 55.20% Non-interest revenues as a % of total revenues(7),(8) 30.47% 30.70% 29.89% 30.38% 30.15% Allowance for loan losses to loans 1.43% 1.40% 1.35% 1.43% 1.35% Allowance as a percentage of non-performing loans 167.86% 169.82% 298.28% 167.86% 298.28% Average loan to deposit ratio 79.87% 79.11% 85.95% 79.41% 83.85% Dividend payout ratio(2) 50.27% 48.66% 50.00% 50.27% 50.00% ASSET QUALITY Net charge-offs $112 $154 $390 $589 $476 Non-performing loans 8,479 8,182 4,589 8,479 4,589 Other non- performing assets 231 443 90 231 90 (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 Special Note Concerning Forward-Looking Statements This document may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, plans, objectives, future performance and business of the Company. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of the Company'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 the Company undertakes no 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 the Company 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 the Company's general business; (iv) changes in interest rates and prepayment rates of the Company's 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 the Company; 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 the Company and its business, including additional factors that could materially affect the Company's financial results, is included in the Company's filings with the Securities and Exchange Commission. DATASOURCE: Main Street Trust, Inc. CONTACT: Van A. Dukeman, President-CEO, of Main Street Trust, +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