Exhibit 99
Quarterly Shareholder Brochure of CNB Corporation

February 24, 2011
Dear Shareholder,

The following are highlights of the bank’s financial performance for 2010.

	•		Assets grew by 2.4%, from $249.5 million at December 31, 2009, to $255.4 million at December 31, 2010. The growth was a direct result of deposits that increased by 2.5% to $230.2 million at December 31, 2010.
	•		Loans declined by $19.5 million, or 12.9%, in 2010 while short term investments and bonds grew by $24.9 million. The decline in loans was the result of loan pay downs, foreclosures and charge-offs. In addition, many mortgage customers took advantage of the lower mortgage rates to refinance longer term mortgages, which the bank then sells on the secondary market. As reported in the past, new loan opportunities have been very limited and it is anticipated this will continue through 2011.
	•		Nonperforming assets continued to be a major focus in 2010. Resolution of the nonperforming assets will continue to keep our attention into 2011. Nonperforming assets consist of nonaccrual loans, loans over 90 days delinquent, foreclosed properties and other repossessed assets. Nonperforming assets, at $9.5 million, were 3.7% of total assets at year end 2010. A decrease of approximately $1.6 million from the $11.1 million at December 31, 2009.
	•		The allocation for loan loss during 2010 was $1.1 million, compared to $1.7 million in 2009 and $1.8 million in 2008. Provision expenses in 2011 are expected to continue at much lower levels as it is believed the current level of reserve is adequate to meet anticipated future loan losses.
	•		The net interest margin for 2010 declined to 3.56%, compared to 3.69% for 2009. The decline resulted from lower yields on new loans and securities, as well as the high level of nonperforming assets. Continued pressure on the net interest margin is anticipated during 2011 as higher-yielding loans liquidate and are replaced with lower-yielding agency and treasury securities.
	•		Core earnings for 2010, excluding life insurance proceeds of $189,000, were $624,000 compared to core earnings of $316,000 for 2009 when adjusted to exclude a $1.8 million gain on the sale of securities.
	•		Shareholder equity at year-end 2010 was $20.8 million, compared to $20.3 million at year-end 2009.

Economists continue to predict a slow recovery; interest rates will remain flat as will loan growth. As an organization our outlook for 2011 continues to be conservatively positive; improving asset quality and strengthening capital will continue to be the focus. I am well aware that many shareholders are wondering when dividend payments will resume and I want to assure you this is a priority. Payment of a dividend will continue to be assessed on a quarterly basis and as soon as capital is sufficient and earnings are stable our intention is to resume payment of a dividend.

Sincerely,
Susan A. Eno
President & CEO

Consolidated Balance Sheets
(UNAUDITED)

in thousands of dollars

		December 31,
		2010				2009
ASSETS
Cash and due from banks		$	3,648			$	4,055
Interest-bearing deposits with other financial institutions			18,905				13,192
Total cash and cash equivalents			22,553				17,247
Time deposits with other financial institutions			9,626				8,669
Securities available for sale			66,588				45,473
Securities held to maturity (market value of $8,907 in 2010 and $10,837 in 2009)			8,442				10,302
Other securities			999				1,008
Total investment securities			76,029				56,783
Loans			131,516				151,034
Less allowance for loan losses			(1,712	)			(2,863	)
Loans, Net			129,804				148,171
Premises and equipment, net			5,499				5,921
Other assets			11,910				12,711
Total assets		$	255,421			$	249,502
LIABILITIES
Deposits
Noninterest-bearing demand		$	42,106			$	40,016
Interest-bearing deposits			188,060				184,542
Total deposits			230,166				224,558
Other liabilities			4,422				4,624
Total liabilities			234,588				229,182
SHAREHOLDERS’ EQUITY
Common Stock			3,030				3,034
Surplus			19,498				19,509
Retained Earnings and Accumulated other Comprehensive Loss			(1,695	)			(2,223	)
Total shareholders’ equity			20,833				20,320
Total liabilities and shareholders’ equity		$	255,421			$	249,502

Consolidated Statement of Income
(Unaudited)

in thousands of dollars
Twelve months ended December 31,

INTEREST INCOME		2010				2009				2008
Interest and fees on loans		$	8,630			$	10,097			$	11,653
Interest on securities:
Taxable			939				1,295				1,718
Tax exempt			524				541				553
Other interest income			244				235				433
Total interest income			10,337				12,168				14,357
INTEREST EXPENSE ON DEPOSITS			2,092				3,500				4,871
NET INTEREST INCOME			8,245				8,668				9,486
Provision for loan losses			1,125				1,725				1,831
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES			7,120				6,943				7,655
NON-INTEREST INCOME
Service charges and fees			1,067				1,118				1,200
Net realized gains from sale of loans			411				429				128
Loan servicing fees, net of amortization			32				(31	)			117
Gain on the sale of othr real estate owned			12				3				304
Other income			395				353				283
Total noninterest income			1,917				1,872				2,032
NONINTEREST EXPENSE
Salaries and benefits			3,981				4,130				4,398
Deferred compensation			241				321				344
Occupancy			976				1,053				1,098
Securities impairment write-down			0				(1,762	)			7,107
FDIC insurance premiums			540				623				149
ORE losses and carrying costs			897				739				605
Other expenses			1,597				1,832				1,729
Total noninterest expense			8,232				6,936				15,430
INCOME BEFORE INCOME TAXES			805				1,879				(5,743	)
Income tax expense			(8	)			(236	)			(518	)
NET INCOME		$	813			$	2,115				($5,225	)
BASIC NET INCOME PER SHARE		$	0.67			$	1.74				($4.31	)