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Village Bank <br />Legal Title of Bank <br />FDIC Certificate Number: 33761 <br />Schedule RC-P-1-4 Family Residential Mortgage Banking Activities <br />Schedule RC-P is to be completed by (1) all banks with $1 billion or more in total assetsl and (2) banks with less than $1 billion in total <br />assets at which either 1-4 family residential mortgage loan originations and purchases for resale2 from all sources, loan sales, or <br />quarter -end loans held for sale exceed $10 million for two consecutive quarters. <br />Dollar Amounts in Thousands RCON Bil I Mil I Thou <br />1. Retail originations during the quarter of 1-4 family residential mortgage <br />loans for sale:(2) <br />a. Closed -end first liens <br />b. Closed -end junior liens <br />c. Open-end loans extended under lines of credit: <br />(1) Total commitment under the lines of credit <br />(2) Principal amount funded under the lines of credit <br />2. Wholesale originations and purchases during the quarter of 1-4 family <br />residential mortgage loans for sale:(2) <br />a. Closed -end first liens <br />b. Closed -end junior liens <br />c. Open-end loans extended under lines of credit: <br />(1) Total commitment under the lines of credit <br />(2) Principal amount funded under the lines of credit <br />3. 1-4 family residential mortgage loans sold during the quarter: <br />a. Closed -end first liens <br />b. Closed -end junior liens <br />c. Open-end loans extended under lines of credit: <br />(1) Total commitment under the lines of credit <br />(2) Principal amount funded under the lines of credit <br />4. 1-4 family residential mortgage loans held for sale at quarter -end (included in <br />Schedule RC, item 4.a and 5): <br />a. Closed -end first liens <br />b. Closed -end junior liens <br />c. Open-end loans extended under lines of credit: <br />(1) Total commitment under the lines of credit <br />(2) Principal amount funded under the lines of credit <br />5. Noninterest income for the quarter from the sale, securitization, and servicing of 1-4 family <br />residential mortgage loans (included in Schedule RI, items 5.f, 5.g, and 5.1): <br />a. Closed -end 1-4 family residential mortgage loans <br />b. Open-end 1-4 family residential mortgage loans extended under lines of credit <br />6. Repurchases and indemnifications of 1-4 family residential mortgage loans during <br />the quarter: <br />a. Closed -end first liens <br />b. Closed -end junior liens <br />c. Open-end loans extended under line of credit: <br />(1) Total commitment under the lines of credit <br />(2) Principal amount funded under the lines of credit <br />7. Representation and warranty reserves for 1-4 family residential mortgage loans sold: <br />a. For representations and warranties made to U.S. government agencies and government - <br />sponsored agencies <br />b. For representations and warranties made to other parties <br />(1) The $1 billion asset size test is generally based on the total assets reported on the June 30, 2011, Report of Condition. <br />(2) Exclude originations and purchases of 1-4 family residential mortgage loans that are held for investment. <br />F066 <br />F067 <br />F670 <br />F671 <br />N/A <br />N/A <br />N/A <br />N/A <br />F068 N/A <br />F069 N/A <br />F672 <br />2 N/A <br />F673 N/A <br />F070 N/A <br />F071 1 N/A <br />F674 <br />F675 <br />F072 <br />F073 <br />RIAD <br />F184 <br />F560 <br />F678 <br />F679 <br />F680 <br />F681 <br />L191 <br />L192 <br />FFIEC 041 <br />Page54of71 <br />RC-41 <br />1.a <br />1.b <br />1.c.(1) <br />1.c.(2) <br />2.a <br />2.b <br />2.c.(1) <br />2.c.(2) <br />3.a <br />3.b <br />N/A 3.c.(1) <br />N/A 3.c.(2) <br />N/A 4.a <br />N/A 4.b <br />4.c.(1) <br />4.c.(2) <br />5.a <br />5.b <br />N/A 6.a <br />N/A 6.b <br />N/A 6.c.(1) <br />N/A 6.c.(2) <br />N/A 7.a <br />N/A 7.b <br />