Common use of CALCULATION OF FORECLOSURE LOSS Foreclosure after a Covered Loan Clause in Contracts

CALCULATION OF FORECLOSURE LOSS Foreclosure after a Covered Loan. Mod 1 Shared-Loss Month 20090531 2 Loan no: 138554 3 Interest Paid-to-Date 20080430 4 Foreclosure sale date 20090115 5 Liquidation date 20090412 6 Note Interest rate 0.04000 10 Valuation Date 20081215 11 Valuation Amount 210000 12 Valuation Type (Interior/exterior appraisal, BPO, AVM, etc) Ext Appr Foreclosure Loss calculation 16 NPV of projected cash flows at loan mod 285000 17 Less: Post modification principal payments 2500 Plus: 20 Foreclosure costs, including title search, filing fees, advertising, etc. 4000 21 Property protection costs, maint. and repairs 7000 22 Tax and insurance advances 2000 Other Advances 23 Appraisal/Broker’s Price Opinion fees 0 24 Inspections 0 25 Other 0 Gross balance recoverable by Purchaser 295500 Cash Recoveries: 26 Net liquidation proceeds (from HUD-1 settl stmt) 201000 27 Hazard Insurance proceeds 0 28 Mortgage Insurance proceeds 0 29 T & I escrow account balances, if positive 0 30 Other credits, if any (itemize) 0 Total Cash Recovery 201000 Line item definitions located in SF Data Submission Handbook Module 1 – Whole Bank w/ Loss Share – P&A Bank of Florida – Tampa Bay Version 2.05 Tampa, Florida April 26, 2010 Notes to Exhibits 2c (foreclosure)

CALCULATION OF FORECLOSURE LOSS Foreclosure after a Covered Loan. Mod 1 Shared-Loss Month 20090531 2 Loan no: 138554 3 Interest Paid-to-Date 20080430 4 Foreclosure sale date 20090115 5 Liquidation date 20090412 6 Note Interest rate 0.04000 10 Valuation Date 20081215 11 Valuation Amount 210000 12 Valuation Type (Interior/exterior appraisal, BPO, AVM, etc) Ext Appr Foreclosure Loss calculation 16 NPV of projected cash flows at loan mod 285000 17 Less: Post modification principal payments 2500 Plus: 20 19 Attorney’s fees 0 Foreclosure costs, including title search, filing fees, 20 advertising, etc. 4000 21 Property protection costs, maint. , and repairs 7000 22 Tax and insurance advances 2000 Other Advances 23 Appraisal/Broker’s Price Opinion fees 0 24 Inspections 0 25 Other 0 Gross balance recoverable by Purchaser 295500 Cash Recoveries: 26 Net liquidation proceeds (from HUD-1 settl stmt) 201000 27 Hazard Insurance proceeds 0 28 Mortgage Insurance proceeds 0 29 T & I escrow account balances, if positive 0 30 Other credits, if any (itemize) 0 Total Cash Recovery 201000 Line item definitions located in SF Data Submission Handbook Module 1 – — Whole Bank w/ Loss Share – — P&A Bank of Florida – Tampa Bay GULF STATE COMMUNITY BANK Version 2.05 Tampa2.11B CARRABELLE, Florida April 26FLORIDA October 8, 2010 100 Notes to Exhibits 2c (foreclosure)

CALCULATION OF FORECLOSURE LOSS Foreclosure after a Covered Loan. Mod 1 Shared-Loss Month 20090531 2 Loan no: 138554 3 Interest Paid-to-Date 20080430 4 Foreclosure sale date 20090115 5 Liquidation date 20090412 6 Note Interest rate 0.04000 10 Valuation Date 20081215 11 Valuation Amount 210000 12 Valuation Type (Interior/exterior appraisal, BPO, AVM, etc) Ext Appr Foreclosure Loss calculation 16 NPV of projected cash flows at loan mod 285000 17 Less: Post modification principal payments 2500 Plus: 19 Attorney’s fees 0 20 Foreclosure costs, including title search, filing fees, advertising, etc. 4000 21 Property protection costs, maint. , and repairs 7000 22 Tax and insurance advances 2000 Other Advances 23 Appraisal/Broker’s Price Opinion fees 0 24 Inspections 0 25 Other 0 Gross balance recoverable by Purchaser 295500 Cash Recoveries: 26 Net liquidation proceeds (from HUD-1 settl stmt) 201000 27 Hazard Insurance proceeds 0 28 Mortgage Insurance proceeds 0 29 T & I escrow account balances, if positive 0 30 Other credits, if any (itemize) 0 Total Cash Recovery 201000 Line item definitions located in SF Data Submission Handbook Module 1 – — Whole Bank w/ Loss Share – — P&A Wakulla Bank of Florida – Tampa Bay Version 2.05 Tampa2.09A Crawfordville, Florida April 26October 1, 2010 103 Notes to Exhibits 2c (foreclosure)