9/10/12

2. 9/10/12

4. Introducing American Trust 401(k) Offering an alternate 401(k) platform option

5. Our Story Family-owned community bank since 1911 Retirement planning foundation traces back to the 1950s Largest privately held bank in the state of Iowa providing retirement planning services Assets under management exceeding $1.4 billion American Trust Retirement Planning

6. PLANSPONSOR Magazine Recognition Top Rankings in All Markets 1st nationally in participation rate at 80.7% in plans with less than $50mm in plan assets 4th nationally in percentage of clients with 7+ year relationships 1 of only 4 providers to receive two A+ ratings for participant services and plan sponsor services Provider with the highest top ten placements, appearing in 8 of the 12 categories American Trust Retirement Planning

7. Target Market 401(k), Profit Sharing, Money Purchase, and Employee Stock Ownership Plans (ESOP) Plan assets between $1 million and $30 million Less than 2,000 employees Start-up plan minimum annual employer contribution of $50,000 American Trust Retirement Planning

8. Competitive Advantages Service Technology Plan Design Fiduciary Oversight Investments Cost Efficiency American Trust Retirement Planning

9. Service • Enrollment and Education • A “life stages” approach • Dedicated Administration Team • Transition Consultant • Compliance Advisor • Enrollment Specialists • Account Manager • Ongoing Support • Available through multiple resources American Trust Retirement Planning

10. Customized Tools eBal eStatements AT Blueprint Advisor Web Participant Balances Investment Information Allocation Booklets Participant Statements Model Loans Participant Level Reports American Trust Partner Portal American Trust Retirement Planning

11. Plan Design at American Trust Evaluate Analyze Recommend American Trust Retirement Planning

12. Fiduciary Oversight Levels of Protection and Investment Support American Trust provides the highest level of fiduciary protection possible by combining discretionary trustee services with §3(38) investment management. American Trust American Trust Retirement Planning

13. Cost Efficiency Bundled Product Affordable and flexible Side-by-side fee comparison of current provider and American Trust Full disclosure Two-thirds of workers are unaware they’re paying any 401(k) expenses. Forbes Magazine, 2009 American Trust Retirement Planning

14. Investments at American Trust Actively Managed Asset Allocation Portfolios Investment Policy Statement Investment Platforms may American Trust Retirement Planning

15. Introducing the Flexible Leaders Portfolios A Flexible Plan Investments offering on the American Trust 401(k) platform

16. Flexible Leaders Utilizes no-load mutual funds chosen for the retirement plan participant investment on the American Trust platform Invests in the leading mutual funds within an asset class (Equity (domestic and international), fixed income, and alternative investments) according to a momentum ranking procedure along with money market funds Dynamic allocation among component asset classes is performed in seeking to conform short-term portfolio volatility to the targeted level Designed to rebalance monthly with weekly monitoring

17. Annual returns for key indices (1990–2010) Source: Indicated Index Providers, 2010

18. Annual returns for key indices (1990–2010) 15 out of 20 years, the previous year’s leader was in the top half of performers the following year. Source: Indicated Index Providers, 2010

19. Value Added with Flexible LeadersUsing the periodic chart’s Market Leaders as the foundation • Drills down – identifies the top mutual funds within the leading asset classes held by the Index • Options that add risk management • Create portfolios to match your clients’ risk profiles • GOAL: Outperform both a fixed allocation portfolio and a lifestyle fund with less risk

20. Methodology Follows a quantitative, rules-based, disciplined process for portfolio construction, back testing, monitoring, and implementation Built upon a framework that combines momentum-based active management, strategic diversification, and risk management Utilizes Flexible Plan’s proprietary Targeted Volatility Analysis process

21. Targeted Volatility Analysis (TVA)How it works • Establishes a volatility comfort level for each portfolio • Utilizes varying allocations to money markets or investments that tend to move in the opposite direction to the stock or bond markets to hedge the remainder of the portfolio • Similar to a thermostat in your home

22. Selecting a portfolio

23. The importance of the full market cycle

24. Seeks to protect through all market cycles

25. may

26. Historical returns (hypothetical)Conservative profile Hypothetical returns shown are net of 0.40% annual sub-advisory fee. Flexible Plan Investments, Ltd. charges no separate advisory fee on these accounts. It receives a sub-advisory fee of 0.40% annually, payable by American Trust quarterly in arrears. Disclosures are an integral part of this presentation. The results are hypothetical and were achieved by means of retroactive application of a computer model and may not represent the results of actual trading. This chart is used for illustrative purposes only and is not meant to represent an actual account or strategy. P AST RESULTS DO NOT GUARANTEE FUTURE RESULTS. Inherent in any investment is the potential for loss as well as the potential for gain. A list of all recommendations made within the immediately preceding twelve months is available upon written request.

27. Hypothetical investment growth $100,000 initial investmentConservative profile, 12/30/05 – 9/30/12 Morningstar Conservative Target Risk Index Flexible Leaders Conservative Hypothetical returns shown are net of 0.40% annual sub-advisory fee. Flexible Plan Investments, Ltd. charges no separate advisory fee on these accounts. It receives a sub-advisory fee of 0.40% annually, payable by American Trust quarterly in arrears. Disclosures are an integral part of this presentation. The results are hypothetical and were achieved by means of retroactive application of a computer model and may not represent the results of actual trading. This chart is used for illustrative purposes only and is not meant to represent an actual account or strategy. P AST RESULTS DO NOT GUARANTEE FUTURE RESULTS. Inherent in any investment is the potential for loss as well as the potential for gain. A list of all recommendations made within the immediately preceding twelve months is available upon written request.

28. Buy and hold a portfolio of actively managed strategies vs. buy and hold of a S&P 500 Index Fund Growth of $100,000 Blend of 50% of a bond strategy (Managed Income (MI)) and 50% of a stock strategy (Evolution II (EV II). For more information, see the Buy and Hope versus Active Management whitepaper.

29. Disclosures This presentation is provided for information purposes only and should not be used or construed as an indicator of future performance, an offer to sell, a solicitation of an offer to buy, or a recommendation for any security. Flexible Plan Investments, Ltd. cannot guarantee the suitability or potential value of any particular investment. Advisor provides suitability-based profiles designated Conservative, Moderate, Balanced, Growth and Aggressive. Clients should draw no conclusions from such titles. They are simply a way of designating the hierarchical ranking of the portfolios within the Flexible Leaders program. They are not meant to imply any ranking within some universal risk measure or benchmark, nor are they equivalent to a client’s subjective concept of the term. As the illustrated strategy has been custom designed for use at American Trust, unless otherwise noted, the strategy returns utilized in creating portfolio returns as described above are HYPOTHETICAL returns drawn from our research reports. These results were achieved by means of retroactive application of a computer model and may not represent the results of actual trading. Annual returns are compounded weekly and are inclusive of the last full trading week of the year, but may not necessarily include the last trading day of the year. Research Report results are NOT represented as actual trading or client experience nor do they reflect the impact on decision making of economic or market factors experienced during actual management of funds. Performance between selected dates may be misleading as indicative of overall performance of a strategy since the dates chosen by the operator of the program are susceptible of having been selected to present optimum performance. Hypothetical returns shown are net of 0.40% annual sub-advisory fee. Flexible Plan Investments, Ltd. charges no separate advisory fee on these accounts. It receives a sub-advisory fee of .40% annually, payable by American Trust quarterly in arrears. Expenses of the funds are included to the extent they are reflected in the NAV. Other fees may apply. All expenses are required to be disclosed in each investment’s prospectus available from your financial representative and the product provider. Distributions have been reinvested. When provided, dividends are reinvested for indexes. In those cases where indexes do not provide dividend information, those returns would be understated. With all third parties, Flexible Plan by necessity relies on their information, data, and software provided, but their reliability, while believed to be accurate, cannot be guaranteed and losses may result from reliance upon them. These are normal risks for which Flexible Plan takes no responsibility beyond use of reasonable care in its selection of the third party. As individual tax rates vary, taxes have not been considered. Various minimum-holding periods for each fund may be utilized to comply with trading restrictions. Advisor reserves the right to change these periods. No index is directly tradable. Actual investment performance of any trading strategy may frequently be materially different than the results shown. Some funds used in the model may not have been available, or may not be available for future use. As supplemental information, a listing of all assumed trades and other data used to generate the referenced results is available upon request. Inquiry for more current results is advised. The investment return and principal value of an investment will fluctuate; and investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns and portfolio values are provided for information purposes only and should not be used or construed as an indicator of future performance, an offer to sell, a solicitation of an offer to buy, or a recommendation for any security. Flexible Plan Investments, Ltd. cannot guarantee the suitability or potential value of any particular investment. PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. Inherent in any investment is the potential for loss as well as profit. A list of all recommendations made within the immediately preceding twelve months is available upon written request. Information used and cited is from sources believed to be reliable but Flexible Plan cannot guarantee its accuracy. See FPI Form ADV Brochure for strategy descriptions and risk considerations.

30. Disclosures Because Flexible Plan strategies make use of publically traded mutual funds and exchange traded funds, investors should consider carefully information contained in the prospectus of these investments, including investment objectives, risks, charges and expenses. You can request a prospectus from your financial advisor. Please read the prospectus carefully before investing. Investment value will fluctuate, and shares, when redeemed, may be worth more or less than the original cost. Important Risks: Flexible Plan’s strategies are actively managed and their characteristics will vary among strategies. As a manager utilizing publically traded mutual funds and exchange traded funds, the strategy is subject to the risks associated with the funds in which it invests. Mutual fund and exchange traded fund values fluctuate in price so the value of your investment can go down depending on market conditions. International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation, and the possibility of substantial volatility due to adverse political, economic or other developments. These risks are often heightened for investments in emerging/developing markets or smaller capital markets. The two main risks related to fixed income investing are interest-rate risk and credit risk. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds. Credit risk refers to the possibility that the bond issuer will not be able to make principal and interest payments. Asset allocation strategies do not assure profit and do not protect against loss. Non-diversification of investments means that more assets are potentially invested in fewer securities than if investments were diversified, so risk is increased because each investment has a greater effect on performance. Investing in leveraged or inverse funds entail specific risks relating to liquidity, leverage and credit of the derivatives invested in by such funds, which may reduce returns and/or increase volatility. Active investment management may involve more frequent buying and selling of assets. While the strategy does utilize no load mutual funds with no transaction charges, and best efforts are employed to avoid short-term redemption charges, active managed strategies can still result in charges, especially when entering or exiting a strategy. If investing within an non-tax-deferred investment, Investors should consider the tax consequences of moving positions more frequently. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification cannot protect against all market risk.

31. Contact us today to get a 401(k) Proposal Information Questionnaire