Jacksonville Bancorp, Inc. is a federal corporation with a significant investment in Jacksonville Savings Bank (the Bank). On May 3, 2002, the Bank completed its reorganization into the two-tier form of mutual holding company ownership. At that time, each outstanding share of the Bank's common stock was converted into a share of the Company's common stock. The only significant asset of the Company is its investment in the Bank. It is majority-owned by Jacksonville Bancorp, MHC, a federally chartered mutual holding company. The Bank is a community-oriented savings bank that conducts its business from its main office and six branches, all of which are located in Illinois. The Bank is engaged primarily in the business of attracting retail deposits from the general public in its market area and using such funds, together with borrowings and funds from other sources, to primarily originate mortgage loans secured by one- to four-family residential real estate and consumer loans.