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<br />ALPINE BANK BASALT <br />137 MIDLAND AVE. PO BOX R <br />BASALT CO 81621 <br />TRUTH IN SAVINGS DISCLOSURE <br />FOR TIME ACCOUNTS <br /> <br />Terms following a D apply only if checked. <br />Acct: 4 YEAR TIME DEPOSIT <br /> <br />Acct #: 5882536 <br />Date: JUNE 25 , 1997 <br /> <br />~ The interest rate and annual percentage yield stated below <br />are accurate as of the date printed above. If you would like more <br /> <br />current rate and yield information please call us at <br />970-927-3101 <br /> <br />This disclosure contains the rules which govern your deposit <br />account. Unless' it would be inconsistent to do so, words and <br />phrases used in this disclosure should be construed so that the <br />singular includes the plural and the plural includes the singular. <br /> <br />~FIXED RATE <br /> <br />~ The interest rate for your account is <br /> <br />an annual percentage yield of 5.64 <br />this rate UNTIL 06/25/2001 <br /> <br />D The interest rate and annual percentage yield for your <br /> <br />account depend upon the applicable rate tier. We will pay <br /> <br />these rates <br /> <br />5.500 % with <br />%. We will pay <br /> <br />o VARIABLE RATE <br /> <br />D The interest rate for your account is % <br /> <br />with an annual percentage yield of %. <br />Your interest tate and annual percentage yield may change. <br /> <br />D The interest rate and annual percentage yield for your <br />account depend upon the applicable rate tier. The interest <br />rate and annual percentage yield for these tiers may change. <br /> <br />\ <br />.~ <br /> <br />Determination of rate <br /> <br />D At our discretion, we may change the interest rate on <br />your account. <br /> <br />D The interest rate for your account <br /> <br />.. <br /> <br />~.-......~- <br /> <br />D The fixed initial rate is not determined by this rule. <br />D The initial interest rate on your account <br /> <br />Subsequent rates <br /> <br />Frequency of rate change <br />D We may change the interest rate on your account <br /> <br />D Your initial interest rate will not change <br /> <br />We may change the interest rate on your account at that time <br />and thereafter. <br /> <br />FORM 21 <br /> <br />Cl1992 Bankers Systems. Inc.. St. Cloud. MN (1-800-397-2341) Form TSD-TIME 11/16/92 <br /> <br />EAB <br /> <br />Limitations on rate changes <br />D The interest rate for your account will not <br />by more than each <br />D The interest rate will not be less than <br />or more than %. <br />D The interest rate will not <br /> <br />% <br /> <br />the interest rate initially disclosed to you. <br /> <br />Compounding and Crediting <br />t3 Frequency - Interest WILL be <br />compounded MONTHLY <br /> <br />Interest will be credited to your account EVERY <br />MONTH <br /> <br />rnxEffect of closing an account - If you close your account <br />before interest is credited. you WILL receive <br />the accrued interest. <br /> <br />Minimum Balance Requirements <br />t3 To open the account. You must deposit at least <br />$ 1 , 000 . 00 to open this account. <br /> <br />Balance Computation Method <br />t3 Daily Balance Method. We use the daily balance method to <br />calculate the interest on your account. This method applies a <br />daily periodic rate to the principal in the account each day. <br /> <br />o Average daily balance method. We use the average daily <br />balance method to calculate interest on your account. This <br />method applies a periodic rate to the average daily balance in the <br />account for the period. The average daily balance is calculated <br />by adding the principal in the account for each day of the period <br />and dividing that figure by the number of days in the period. <br /> <br />The period we use is <br /> <br />Accrual of interest on noncash deposits <br /> <br />~ Interest begins to accrue' no later than the business day we <br />receive credit for the deposit of noncash items lfor example, <br />checks). <br /> <br />D Interest begins to accrue <br /> <br />you deposit noncash items lfor example. checks). <br /> <br />TIme requirements <br /> <br />t3 Your account will mature on 06/25/2001 <br /> <br />D Your account will mature in <br /> <br />o Your account has no definite maturity date. To withdraw any <br />or part of this deposit without penalty, we must receive at least <br /> <br />written notice from <br />you of your intention to make a withdrawal. The notice must <br />specify the exact amount and date of the intended withdrawal. <br />Interest will no longer accrue after the withdrawal date specified <br />in your notice on the amount specified in your notice. We may <br />terminate this account by mailing a notice to you of our intention <br />to terminate at least ten days before the termination date. The <br />date of intended withdrawal of the last funds in the account, or <br />the termination date, is considered to be the maturity date. <br /> <br />(page 1 of 2) <br />