Related Party Transactions and Outside Related Director Information

NASB Financial, Inc. (NASB)

12/30/2005 Proxy Information

David H. Hancock and Linda S. Hancock are married.

NASB, prior to the Financial Institutions Reform Recovery and Enforcement Act of 1989, followed the policy of offering mortgage loans for the financing of personal residences and consumer loans to its officers, directors and employees. These loans were made in the ordinary course of business and on substantially the same terms and collateral, except for fees, as those of comparable transactions prevailing at the time. The loans did not involve more than the normal risk of collectibility or present other unfavorable features. NASB does not make portfolio loans to executive officers and directors.

As of September 30, 2005, there were no loans made on preferential terms, as explained above to, an executive officer or director of the Company that exceeded $60,000 in the aggregate. Loans to executive officers and directors or their associates, which were not made on preferential terms, if any, are disclosed in the notes to the consolidated financial statements in the 2005 Annual Report to Stockholders.