Exhibit 99.1

July 29, 2016

Earnings Report

June 30, 2016

Dear Shareholders:

We are pleased to announce continued balance sheet growth for your company.  Total assets were $994.1 million as of June 30, 2016 compared to $853.0 million as of June 30, 2015, reflecting growth of 16.5%.  Year-to-date net income was $3.9 million for the period ending June 30, 2016 compared to $3.6 million for the period ending June 30, 2015, reflecting an increase of 7.8%.

The increase in total assets of $141.1 million from prior year reflects the merger with Madison Bank in July of 2015 as well as organic growth from our existing branches.  Components of the change include an increase in net loans of $105.9 million, an increase in investment securities of $29.2 million, and an increase in total deposits of $107.4 million.

The increase in year-to-date net income of $282 thousand from prior year was driven by an increase in net interest income after provision of $2.4 million, offset by an increase in other expenses of $2.0 million.  The rise in net interest income was due to increased loans and securities associated with the growth in those asset classes.  The rise in other expenses was primarily due to an increase in compensation expense associated with the increase in employees year-over-year.

Year-to-date diluted earnings per share was $1.31 for the period ending June 30, 2016 compared to $1.33 for the same period last year.  While net income was higher than prior year, the earnings per share was slightly lower due to more shares being outstanding this year compared to prior year.

Recently, we created a Regional Board in Madison County.  We are happy to announce the following as board members:  Keith Daniel, Mark Gentry, Chris Hornsby, Amanda Marcum, Debra Neal, and Marc Robbins.  As we partner with this Board, we are excited about the prospects for continued growth in Madison County.

We are pleased with the results of the first half of 2016 but recognize the banking industry continues to face challenges, including heightened competition and enhanced supervisory oversight.  The national and statewide economies continue to improve but the global economy remains uncertain and, most recently, created market and interest rate volatility as international influences impacted the U.S. stock and bond markets.  Banking regulators are becoming increasingly concerned about, among other things, growth, capital levels, and cyber security.  This cumulative environment exerts downward pressure on revenues and upward pressure on costs. In response to these challenges, we will be pursuing opportunities for profitable growth and improved efficiency to accomplish what is in the long term best interest of our shareholders, customers, and employees.

Thank you for your continued support and we look forward to the remainder of the year.

UNAUDITED

CONSOLIDATED BALANCE SHEET

(in thousands)

CONSOLIDATED INCOME STATEMENT

(in thousands)