Common use of CALCULATION OF LOSS FOR SHORT SALE LOANS Short Sale after a Covered Loan Clause in Contracts

CALCULATION OF LOSS FOR SHORT SALE LOANS Short Sale after a Covered Loan. Mod 1 Shared-Loss Month: May-09 2 Loan # 20076 3 REO # 345 4 Loan mod date 5/12/08 5 Interest paid-to-date 9/30/08 6 Short Payoff Date 4/2/09 7 Note Interest rate 7.500% 8 Most recent BPO 230,000 9 Most recent BPO date 1/21/09 Short-Sale Loss calculation 11 NPV of projected cash flows at loan mod 311,000 12 Less: Principal payments between loan mod and deliquency Plus: 1,000 13 Attorney’s fees 0 14 Tax and insurance advances 1,500 15 3rd party fees due 2,600 16 Incentive to borrower 3,500 17 Gross balance recoverable by Purchaser 317,600 18 Amount accepted in Short-Sale 234,000 19 Hazard Insurance 0 20 Mortgage Insurance 0 21 Total Cash Recovery 234,000 22 Loss Amount 83,600 Module 1 — Whole Bank w/ Loss Share — P&A Security Banks Version 1.07 Georgia July 20, 2009 Notes to Exhibit 2c (short sale)

CALCULATION OF LOSS FOR SHORT SALE LOANS Short Sale after a Covered Loan. Mod 1 Shared-Loss Month: May-09 2 Loan # 20076 3 REO # 345 4 Loan mod date 5/12/08 5 Interest paid-to-date 9/30/08 6 Short Payoff Date 4/2/09 7 Note Interest rate 7.5007.500 % 8 Most recent BPO 230,000 9 Most recent BPO date 1/21/09 Short-Sale Loss calculation 11 NPV of projected cash flows at loan mod 311,000 12 Less: Principal payments between loan mod and deliquency Plus: 1,000 13 Attorney’s fees 0 14 Tax and insurance advances 1,500 15 3rd party fees due 2,600 16 Incentive to borrower 3,500 17 Gross balance recoverable by Purchaser 317,600 18 Amount accepted in Short-Sale 234,000 19 Hazard Insurance 0 20 Mortgage Insurance 0 21 Total Cash Recovery 234,000 22 Loss Amount 83,600 Module 1 — Whole Bank w/ Loss Share — P&A First Security Banks National Bank Version 1.07 Georgia July 201.12 Norcross, GA November 17, 2009 Notes to Exhibit 2c (short sale)

CALCULATION OF LOSS FOR SHORT SALE LOANS Short Sale after a Covered Loan. Mod 1 Shared-Loss Month: May-09 2 Loan # 20076 3 REO # 345 4 Loan mod date 5/12/08 5 Interest paid-to-date 9/30/08 6 Short Payoff Date 4/2/09 7 Note Interest rate 7.5007.500 % 8 Most recent BPO 230,000 9 Most recent BPO date 1/21/09 Short-Sale Loss calculation 11 NPV of projected cash flows at loan mod 311,000 12 Less: Principal payments between loan mod and deliquency delinquency 1,000 Plus: 1,000 13 Attorney’s fees 0 14 Tax and insurance advances 1,500 15 3rd party fees due 2,600 16 Incentive to borrower 3,500 17 Gross balance recoverable by Purchaser 317,600 18 Amount accepted in Short-Sale 234,000 19 Hazard Insurance 0 20 Mortgage Insurance 0 21 Total Cash Recovery 234,000 22 Loss Amount 83,600 Module 1 — Whole Bank w/ Loss Share — P&A Security Banks Version 1.07 Georgia July 201.12 PREMIER AMERICAN BANK MIAMI, FLORIDA November 17, 2009 101 Notes to Exhibit 2c (short sale)

CALCULATION OF LOSS FOR SHORT SALE LOANS Short Sale after a Covered Loan. Mod 1 Shared-Loss Month: May-09 2 Loan # 20076 3 REO # 345 4 Loan mod date 5/12/08 5 Interest paid-to-date 9/30/08 6 Short Payoff Date 4/2/09 7 Note Interest rate 7.5007.500 % 8 Most recent BPO 230,000 9 Most recent BPO date 1/21/09 Short-Sale Loss calculation 11 NPV of projected cash flows at loan mod 311,000 12 Less: Principal payments between loan mod and deliquency 1,000 Plus: 1,000 13 Attorney’s fees 0 14 Tax and insurance advances 1,500 15 3rd party fees due 2,600 16 Incentive to borrower 3,500 17 Gross balance recoverable by Purchaser 317,600 18 Amount accepted in Short-Sale 234,000 19 Hazard Insurance 0 20 Mortgage Insurance 0 21 Total Cash Recovery 234,000 22 Loss Amount 83,600 Module 1 — Whole Bank w/ Loss Share — P&A Security Banks Version 1.07 Georgia July 20, 2009 84 Notes to Exhibit 2c (short sale)

CALCULATION OF LOSS FOR SHORT SALE LOANS Short Sale after a Covered Loan. Mod 1 Shared-Loss Month: May-09 2 Loan # 20076 3 REO # 345 4 Loan mod date 5/12/08 5 Interest paid-to-date 9/30/08 6 Short Payoff Date 4/2/09 7 Note Interest rate 7.5007.500 % 8 Most recent BPO 230,000 9 Most recent BPO date 1/21/09 Short-Sale Loss calculation 11 NPV of projected cash flows at loan mod 311,000 12 Less: Principal payments between loan mod and deliquency 1,000 Plus: 1,000 13 Attorney’s fees 0 14 Tax and insurance advances 1,500 15 3rd party fees due 2,600 16 Incentive to borrower 3,500 17 Gross balance recoverable by Purchaser 317,600 18 Amount accepted in Short-Sale 234,000 19 Hazard Insurance 0 20 Mortgage Insurance 0 21 Total Cash Recovery 234,000 22 Loss Amount 83,600 Module 1 — Whole Bank w/ Loss Share — P&A Security Banks Version 1.07 Georgia July 20, 2009 89 Notes to Exhibit 2c (short sale)

CALCULATION OF LOSS FOR SHORT SALE LOANS Short Sale after a Covered Loan. Mod 1 Shared-Loss Month: May-09 2 Loan # 20076 3 REO # 345 4 Loan mod date 5/12/08 5 Interest paid-to-date 9/30/08 6 Short Payoff Date 4/2/09 7 Note Interest rate 7.5007.500 % 8 Most recent BPO 230,000 9 Most recent BPO date 1/21/09 Short-Sale Loss calculation 11 NPV of projected cash flows at loan mod 311,000 12 Less: Principal payments between loan mod and deliquency 1,000 Plus: 1,000 13 Attorney’s fees 0 14 Tax and insurance advances 1,500 15 3rd party fees due 2,600 16 Incentive to borrower 3,500 17 Gross balance recoverable by Purchaser 317,600 18 Amount accepted in Short-Sale 234,000 19 Hazard Insurance 0 20 Mortgage Insurance 0 21 Total Cash Recovery 234,000 22 Loss Amount 83,600 Module 1 — Whole Bank w/ Loss Share — P&A Security Banks WATERFORD VILLAGE BANK Version 1.07 Georgia WILLIAMSVILLE, NEW YORK July 2014, 2009 Notes to Exhibit 2c (short sale)

CALCULATION OF LOSS FOR SHORT SALE LOANS Short Sale after a Covered Loan. Mod 1 Shared-Loss Month: May-09 2 Loan # 20076 3 REO # 345 4 Loan mod date 5/12/08 5 Interest paid-to-date 9/30/08 6 Short Payoff Date 4/2/09 7 Note Interest rate 7.5007.500 % 8 Most recent BPO 230,000 9 Most recent BPO date 1/21/09 Short-Sale Loss calculation 11 NPV of projected cash flows at loan mod 311,000 12 Less: Principal payments between loan mod and deliquency 1,000 Plus: 1,000 13 Attorney’s fees 0 14 Tax and insurance advances 1,500 15 3rd party fees due 2,600 16 Incentive to borrower 3,500 17 Gross balance recoverable by Purchaser 317,600 18 Amount accepted in Short-Sale 234,000 19 Hazard Insurance 0 20 Mortgage Insurance 0 21 Total Cash Recovery 234,000 22 Loss Amount 83,600 Module 1 — Whole Bank w/ Loss Share — P&A Security Banks Version 1.07 Georgia July 20, 2009 88 Notes to Exhibit 2c (short sale)