Disclosure

Checking and Savings Accounts
Rates are subject to change. Annual Percentage Yield reflects reinvestment of interest. Fees may reduce earnings. Contact any office for additional terms and conditions on our accounts.

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.

The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html.

Other Consumer Loans
Rates are subject to change without notice. Loans are subject to credit approval. Home Equity Line of Credit annual percentage rate varies through the life of the loan. Home Equity Line of Credit and Primeline closing costs are waived when the State Equalized Value (SEV) of your home can be used in place of the normally required appraisal. Primeline rates may vary and are indexed to the Prime Rate as published in the Wall Street Journal. Primeline maximum annual percentage rate is 25%. $75 annual fee applies to Primeline and Equity Advantage, with a $250 pre-payment penalty if closed in the first three years (from date of the original contract). Homeowner’s Insurance is required under all of the Home Equity plans. Repayment terms for a typical loan of $5,000 at 10.00% for 48 months would be a monthly payment of $126.81 over the life of the loan. Contact any office if you require more information.

Mortgage Loans
Rates are subject to change without notice. Loans are subject to credit approval. ARM rates vary over the life of the loan. As an example, a 30-year, $100,000, 3 Year ARM with an annual percentage rate of 6.471% would have 36 monthly payments of $583.57 for the first three years and 324 monthly payments in the initial amount of $636.41 each. A 30 year $100,000, 5 year ARM with an annual percentage rate of 7.132% would have 60 monthly payments of $591.54 over the first 5 years, and 300 monthly payments in the initial amount of $709.41 each. A 15 year, $100,000 loan with an annual percentage rate of 5.747% would have a monthly payment of $823.73 over the life of the loan. A 20 year $100,000 loan with an annual percentage rate of 5.973% would have a monthly payment of $709.24 over the life of the loan. A 30-year, $100,000 loan with an annual percentage rate of 6.200% would have a monthly payment of $607.61 over the life of the loan. Contact any office if you require more information. Homeowner’s Insurance is required under all of the Mortgage Loan plans.

The Nationwide Mortgage Licensing System and Registry offers NMLS Consumer AccessSM, which is a free service for consumers to confirm that the bank or mortgage company and the mortgage professional with whom they wish to conduct business are registered with the federal system or licensed, if required, in the state in which they conduct business. To access this free service please go to http://www.nmlsconsumeraccess.org/. View a listing of Hastings City Bank Loan Originators and their National Mortgage Licensing System (NMLS) unique IDs by clicking here.

New Procedures for Opening an Account
To help the government fight the funding of terrorism and money laundering activities, and to help prevent Identity Theft, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.  We may also ask to see your driver’s license or other identifying documents.

Asking for this information each time you open a new account helps protect you from Identity Theft.

What You Should Know About Overdraft Fees
Hastings City Bank has the reasonable expectation that you will have the funds in your account before attempting to make a withdrawal. Please read this important information regarding what you should know about overdraft fees.