Exhibit 99

Quarterly Shareholder Brochure of CNB Corporation

August 1, 2011

Dear Shareholder,

As reflected on the consolidated financial statement accompanying this message, management’s efforts for the first six months of 2011 have been focused on problem loan resolution. After three years of working through these problem loans the strategy now is to move deliberately toward final resolution by year-end, where possible. This will include writing down balances and acknowledging additional loan loss provision on some loans, along with loan charge-offs, as well as liquidating the remaining bank-owned real estate. This strategy, admittedly, will likely have a negative impact on earnings. However, looking beyond 2011, this will allow management to focus on growing the bank and support improved earnings in 2012; moving the corporation closer to its goal of being able to resume the payment of dividends on a sustainable basis.

In spite of the challenges presented by the problem loans, there is cause for optimism; core earnings have remained strong. Had the $700,000 loan loss provision and the $248,000 in maintenance, insurance, taxes and attorney fees associated with problem loans through June 30, 2011 not be necessary, these amounts would have been included in earnings and resulted in after-tax net income of approximately $908,000, or a 0.72% return on assets. Applying this same methodology to financial performance in 2009 and 2010, core earnings would have been at a comparable level and returning to this level of profitability remains a primary goal.

Additionally, summer has arrived in northern Michigan and early indications are that it is going to be a good one!

As always, my door is open and I continue to encourage shareholders to stop by or call if you have any questions, comments or concerns.

Very truly yours,

Susan A. Eno
President & CEO

		June 30,
		2011				2010
ASSETS
Cash and due from banks		$	3,842			$	2,566
Interest-bearing deposits with other financial institutions			11,082				15,954
Federal funds sold			0				0
Total cash and cash equivalents			14,924				18,520
Time deposits with other financial institutions			9,806				8,795
Securities available for sale			71,065				48,768
Securities held to maturity (market value of $7,699 in 2010 and $8,177 in 2010)			7,116				7,825
Other securities			997				1,008
Total investment securities			79,178				57,601
Loans			126,954				142,927
Less allowance for loan losses			(2,090	)			(1,215	)
Loans, Net			124,864				141,712
Premises and equipment, net			5,334				5,717
Other assets			14,149				12,652
Total assets		$	248,255			$	244,997
LIABILITIES
Deposits
Noninterest-bearing demand		$	46,631			$	39,879
Interest-bearing deposits			175,970				179,477
Total deposits			222,601				219,356
Other liabilities			4,353				4,563
Total liabilities			226,954				223,919
SHAREHOLDERS’ EQUITY
Common Stock			3,030				3,030
Surplus			19,499				19,499
Retained Earnings and Accumulated other Comprehensive Income/(Loss)			(1,228	)			(1,451	)
Total shareholders’ equity			21,301				21,078
Total liabilities and shareholders’ equity		$	248,255			$	244,997

		in thousands of dollars
		Six months ended June 30,
		2011				2010				2009
INTEREST INCOME
Interest and fees on loans		$	3,884			$	4,466			$	5,234
Interest on securities:
Taxable			549				476				751
Tax exempt			246				278				254
Other interest income			106				115				119
Total interest income			4,785				5,335				6,358
INTEREST EXPENSE ON DEPOSITS			792				1,129				1,921
NET INTEREST INCOME			3,993				4,206				4,437
Provision for loan losses			700				375				500
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES			3,293				3,831				3,937
NONINTEREST INCOME
Service charges and fees			498				515				542
Net realized gains from sale of loans			67				80				272
Loan servicing fees, net of amortization			46				45				(75	)
Gains on life insurance proceeds			0				189				0
Gain on sale of investment securities			0				5				620
Other income			274				170				191
Total noninterest income			885				1,004				1,550
NONINTEREST EXPENSES
Salaries and benefits			1,966				1,959				2,076
Occupancy			502				496				546
FDIC insurance premiums			219				262				374
Expenses relating to ORE property			204				265				288
Other expenses			1,038				952				1,012
Total noninterest expenses			3,929				3,934				4,296
INCOME BEFORE INCOME TAXES			249				901				1,191
Income tax expense			(33	)			129				64
NET INCOME		$	282			$	772			$	1,127
BASIC NET INCOME PER SHARE		$	0.23			$	0.64			$	0.93
Return on Average Assets			0.22	%			0.62	%			0.87	%
Return on Average Equity			2.69	%			7.47	%			11.72	%