Common use of CALCULATION OF HOME EQUITY LOAN LOSS Clause in Contracts

CALCULATION OF HOME EQUITY LOAN LOSS. Note: This is an example only and not representative of any transaction. 1 Shared-Loss Month: 20090531 3 Interest paid-to-date 20081201 4 Charge-Off Date 20090531 5 Note Interest rate 0.03500 6 Occupancy Owner If owner occupied: 7 Household current annual income 0 9 Valuation Amount 230000 10 Valuation Type (INT, EXTP, AVM, BPO, DA, DB, FA, PAU and TV) BPO 11 Balance of superior liens 300000 Charge-Off Loss calculation 12 Loan Principal balance 55000 13 Charge-off amount (principal only) 55000 Plus: 14 Accrued interest, limited to 90 days 481 16 Foreclosure costs, including title search, filing fees, advertising, etc. 250 17 Property protection costs, maint., repairs and any costs or expenses relating to environmental conditions 0 18 Tax and insurance advances 0 Other Advances 19 Appraisal/Broker’s Price Opinion fees 75 20 Inspections 0 21 Other 0 Gross balance recoverable by Assuming Institution 55806 22 Foreclosure sale proceeds 0 23 Hazard Insurance proceeds 0 31 MI Claim Date 19000100 32 MI Claim Amount 0 33 MI Response Date 19000100 24 Mortgage Insurance proceeds 0 25 Tax overage 0 26 First lien payoff 1500 27 Other credits, if any (itemize) 0 Module 1 – Whole Bank w/ Optional Shared Loss Agreements Citizens Bank of Effingham Version 3.0 –Single family Shared-Loss Agreement Springfield, Georgia December 8, 2010 Total Cash Recovery 1500 1 Costs with respect to environmental remediation activities are limited to $200,000 unless prior consent of the FDIC Note: If the calculated Loss Amount is negative, meaning loss event proceeds are greater than the gross balance recoverable by the Assuming Institution, the claim is considered a recovery and reduces the total reported loss claim amount prior to applying the Applicable Percentage. If the total amount of the Certificate loss claim is negative, the payment amount due the FDIC is calculated by applying the Applicable Percentage.

CALCULATION OF HOME EQUITY LOAN LOSS. Note: This is an example only and not representative of any transaction. 1 Shared-Loss Month: 20090531 3 Interest paid-to-date 20081201 4 Charge-Off Date 20090531 5 Note Interest rate 0.03500 6 Occupancy Owner If owner occupied: 7 Household current annual income 0 9 Valuation Amount 230000 10 Valuation Type (INT, EXTP, AVM, BPO, DA, DB, FA, PAU and TV) BPO 11 Balance of superior liens 300000 Charge-Off Loss calculation 12 Loan Principal balance 55000 13 Charge-off amount (principal only) 55000 Plus: 14 Accrued interest, limited to 90 days 481 15 Attorneys’ fees 0 16 Foreclosure costs, including title search, filing fees, advertising, etc. 250 17 Property protection costs, maint., repairs and any costs or expenses relating to environmental conditions 0 18 Tax and insurance advances 0 Other Advances 19 Appraisal/Broker’s Price Opinion fees 75 20 Inspections 0 21 Other 0 Gross balance recoverable by Assuming Institution 55806 22 Foreclosure sale proceeds 0 23 Hazard Insurance proceeds 0 31 MI Claim Date 19000100 32 MI Claim Amount 0 33 MI Response Date 19000100 24 Mortgage Insurance proceeds 0 25 Tax overage 0 26 First lien payoff 1500 27 Other credits, if any (itemize) 0 Total Cash Recovery 1500 Module 1 – — Whole Bank w/ Optional Shared Loss Agreements Citizens Peoples State Bank of Effingham Version 3.0 –Single family Shared-Loss Agreement Springfield— PURCHASE AND ASSUMPTION AGREEMENT City, Georgia State December 8, 2010 Total Cash Recovery 1500 1 Costs with respect to environmental remediation activities are limited to $200,000 unless prior consent of the FDIC Note: If the calculated Loss Amount is negative, meaning loss event proceeds are greater than the gross balance recoverable by the Assuming Institution, the claim is considered a recovery and reduces the total reported loss claim amount prior to applying the Applicable Percentage. If the total amount of the Certificate loss claim is negative, the payment amount due the FDIC is calculated by applying the Applicable Percentage.2010

CALCULATION OF HOME EQUITY LOAN LOSS. Note: This is an example only and not representative of any transaction. 1 Shared-Loss Month: 20090531 3 Interest paid-to-date 20081201 4 Charge-Off Date 20090531 5 Note Interest rate 0.03500 6 Occupancy Owner If owner occupied: 7 Household current annual income 0 9 Valuation Amount 230000 10 Valuation Type (INT, EXTP, AVM, BPO, DA, DB, FA, PAU and TV) BPO 11 Balance of superior liens 300000 Charge-Off Loss calculation 12 Loan Principal balance 55000 13 Charge-off amount (principal only) 55000 Plus: 14 Accrued interest, limited to 90 days 481 15 Attorneys’ fees 0 16 Foreclosure costs, including title search, filing fees, advertising, etc. 250 17 Property protection costs, maint., repairs and any costs or expenses relating to environmental conditions 0 18 Tax and insurance advances 0 Other Advances 19 Appraisal/Broker’s Price Opinion fees 75 20 Inspections 0 21 Other 0 Gross balance recoverable by Assuming Institution 55806 22 Foreclosure sale proceeds 0 23 Hazard Insurance proceeds 0 31 MI Claim Date 19000100 32 MI Claim Amount 0 33 MI Response Date 19000100 24 Mortgage Insurance proceeds 0 25 Tax overage 0 26 First lien payoff 1500 27 Other credits, if any (itemize) 0 Module 1 – Whole Bank w/ Optional Shared Loss Agreements Citizens Bank of Effingham First Georgia Banking Company Version 3.0 –Single family Shared3.1.1 – SINGLE FAMILY SHARED-Loss Agreement SpringfieldLOSS AGREEMENT Franklin, Georgia December 8April 27, 2010 2011 Total Cash Recovery 1500 1 Costs with respect to environmental remediation activities are limited to $200,000 unless prior consent of the FDIC Note: If the calculated 28 Loss Amount is negative, meaning loss event proceeds are greater than the gross balance recoverable by the Assuming Institution, the claim is considered a recovery and reduces the total reported loss claim amount prior to applying the Applicable Percentage. If the total amount of the Certificate loss claim is negative, the payment amount due the FDIC is calculated by applying the Applicable Percentage.54306

CALCULATION OF HOME EQUITY LOAN LOSS. Note: This is an example only and not representative of any transaction. 1 Shared-Loss Month: 20090531 3 Interest paid-to-date 20081201 4 Charge-Off Date 20090531 5 Note Interest rate 0.03500 6 Occupancy Owner If owner occupied: 7 Household current annual income 0 8 Valuation Date 20090402 9 Valuation Amount 230000 10 Valuation Type (INT, EXTP, AVM, BPO, DA, DB, FA, PAU and TV) BPO 11 Balance of superior liens 300000 Charge-Off Loss calculation 12 Loan Principal balance 55000 13 Charge-off amount (principal only) 55000 Plus: 14 Accrued interest, limited to 90 days 481 16 Foreclosure costs, including title search, filing fees, advertising, etc. 250 17 Property protection costs, maint., repairs and any costs or expenses relating to environmental conditions 0 18 Tax and insurance advances 0 Other Advances 19 Appraisal/Broker’s Price Opinion fees 75 20 Inspections 0 21 Other 0 Gross balance recoverable by Assuming Institution 55806 22 Foreclosure sale proceeds 0 23 Hazard Insurance proceeds 0 31 MI Claim Date 19000100 32 MI Claim Amount 0 33 MI Response Date 19000100 24 Mortgage Insurance proceeds 0 25 Tax overage 0 26 First lien payoff 1500 27 Other credits, if any (itemize) 0 Module 1 – Whole Bank w/ Optional Shared Loss Agreements Citizens Bank of Effingham Version 3.0 –Single family Shared-Loss Agreement Springfield, Georgia December 8, 2010 Total Cash Recovery Reovery 1500 1 Costs with respect to environmental remediation activities are limited to $200,000 unless prior consent of the FDIC Note: If the calculated 28 Loss Amount is negative, meaning loss event proceeds are greater than the gross balance recoverable by the Assuming Institution, the claim is considered a recovery and reduces the total reported loss claim amount prior to applying the Applicable Percentage. If the total amount of the Certificate loss claim is negative, the payment amount due the FDIC is calculated by applying the Applicable Percentage.54306

CALCULATION OF HOME EQUITY LOAN LOSS. Note: This is an example only and not representative of any transaction. 1 Shared-Loss Month: 20090531 2 Loan # 58776 3 Interest paid-to-date 20081201 4 Charge-Off Date 20090531 5 Note Interest rate 0.03500 6 Occupancy Owner If owner occupied: 7 Household current annual income 0 9 8 Valuation Amount 230000 Date 20090402 10 Valuation Type (INT, EXTP, AVM, BPO, DA, DB, FA, PAU and TV) BPO 11 Balance of superior liens 300000 Charge-Off Loss calculation 12 Loan Principal balance 55000 13 Charge-off amount (principal only) 55000 Plus: 14 Accrued interest, limited to 90 days 481 16 15 Attorneys’ fees 0 Foreclosure costs, including title search, filing fees, advertising, 16 etc. 250 17 Property protection costs, maint., repairs and any costs or 17 expenses relating to environmental conditions 0 18 Tax and insurance advances 0 Other Advances 19 Appraisal/Broker’s Price Opinion fees 75 20 Inspections 0 21 Other 0 Gross balance recoverable by Assuming Institution 55806 22 Foreclosure sale proceeds 0 23 Hazard Insurance proceeds 0 31 MI Claim Date 19000100 32 MI Claim Amount 0 33 MI Response Date 19000100 24 Mortgage Insurance proceeds 0 25 Tax overage 0 26 First lien payoff 1500 27 Other credits, if any (itemize) 0 Module 1 – Whole Bank w/ Optional Shared Loss Agreements Citizens Bank of Effingham Version 3.0 –Single family Shared-Loss Agreement Springfield, Georgia December 8, 2010 Total Cash Recovery 1500 1 Costs with respect to environmental remediation activities are limited to $200,000 unless prior consent of the FDIC Note: If the calculated Loss Amount is negative, meaning loss event proceeds are greater than the gross balance recoverable by the Assuming Institution, the claim is considered a recovery and reduces the total reported loss claim amount prior to applying the Applicable Percentage. If the total amount of the Certificate loss claim is negative, the payment amount due the FDIC is calculated by applying the Applicable Percentage.1500

CALCULATION OF HOME EQUITY LOAN LOSS. Note: This is an example only and not representative of any transaction. 1 Shared-Loss Month: 20090531 3 Interest paid-to-date 20081201 4 Charge-Off Date 20090531 5 Note Interest rate 0.03500 6 Occupancy Owner If owner occupied: 7 Household current annual income 0 9 Valuation Amount 230000 10 Valuation Type (INT, EXTP, AVM, BPO, DA, DB, FA, PAU and TV) BPO 11 Balance of superior liens 300000 Charge-Off Loss calculation 12 Loan Principal balance 55000 13 Charge-off amount (principal only) 55000 Plus: 14 Accrued interest, limited to 90 days 481 16 Foreclosure costs, including title search, filing fees, advertising, ,etc. 250 17 Property protection costs, maint., repairs and any costs or expenses relating to environmental conditions 0 18 Tax and insurance advances 0 Other Advances 19 Appraisal/Broker’s Price Opinion fees 75 20 Inspections 0 21 Other 0 Gross balance recoverable by Assuming Institution 55806 22 Foreclosure sale proceeds 0 23 Hazard Insurance proceeds 0 31 MI Claim Date 19000100 32 MI Claim Amount 0 33 MI Response Date 19000100 24 Mortgage Insurance proceeds 0 25 Tax overage 0 26 First lien payoff 1500 27 Other credits, if any (itemize) 0 Module 1 – Whole Bank w/ Optional Shared Loss Agreements Citizens Bank of Effingham Version 3.0 –Single family Shared-Loss Agreement Springfield, Georgia December 8, 2010 SF-58 Total Cash Recovery 1500 1 Costs with respect to environmental remediation activities are limited to $200,000 unless prior consent of the FDIC Note: If the calculated 28 Loss Amount is negative, meaning loss event proceeds are greater than the gross balance recoverable by the Assuming Institution, the claim is considered a recovery and reduces the total reported loss claim amount prior to applying the Applicable Percentage. If the total amount of the Certificate loss claim is negative, the payment amount due the FDIC is calculated by applying the Applicable Percentage.54306

CALCULATION OF HOME EQUITY LOAN LOSS. Note: This is an example only and not representative of any transaction. 1 Shared-Loss Month: 20090531 2 Loan # 58776 3 Interest paid-to-date 20081201 4 Charge-Off Date 20090531 5 Note Interest rate 0.03500 6 Occupancy Owner If owner occupied: 7 Household current annual income 0 8 Valuation Date 20090402 9 Valuation Amount 230000 10 Valuation Type (INT, EXTP, AVM, BPO, DA, DB, FA, PAU and TV) BPO 11 Balance of superior liens 300000 Charge-Off Loss calculation 12 Loan Principal balance 55000 13 Charge-off amount (principal only) 55000 Plus: 14 Accrued interest, limited to 90 days 481 16 15 Attorneys’ fees 0 Foreclosure costs, including title search, filing fees, advertising, 16 etc. 250 17 Property protection costs, maint., repairs and any costs or 17 expenses relating to environmental conditions 0 18 Tax and insurance advances 0 Other Advances 19 Appraisal/Broker’s Price Opinion fees 75 20 Inspections 0 21 Other 0 Gross balance recoverable by Assuming Institution 55806 22 Foreclosure sale proceeds 0 23 Hazard Insurance proceeds 0 31 MI Claim Date 19000100 32 MI Claim Amount 0 33 MI Response Date 19000100 24 Mortgage Insurance proceeds 0 25 Tax overage 0 26 First lien payoff 1500 27 Other credits, if any (itemize) 0 Module 1 – Whole Bank w/ Optional Shared Loss Agreements Citizens Bank of Effingham Version 3.0 –Single family Shared-Loss Agreement Springfield, Georgia December 8, 2010 Total Cash Recovery 1500 1 Costs with respect to environmental remediation activities are limited to $200,000 unless prior consent of the FDIC Note: If the calculated Loss Amount is negative, meaning loss event proceeds are greater than the gross balance recoverable by the Assuming Institution, the claim is considered a recovery and reduces the total reported loss claim amount prior to applying the Applicable Percentage. If the total amount of the Certificate loss claim is negative, the payment amount due the FDIC is calculated by applying the Applicable Percentage.1500