Bid Summary for Bayside Savings Bank, Port Saint Joe, FL

Bayside Savings Bank, Port Saint Joe, FL
Closing Date: July 30, 2010

Bidder	Type of Transaction	Deposit Premium %	Asset Premium/(Discount) $(000)	SF Loss Share Tranche 1	SF Loss Share Tranche 2	SF Loss Share Tranche 3	Commercial Loss Share Tranche 1	Commercial Loss Share Tranche 2	Commercial Loss Share Tranche 3	Value Appreciation Instrument	Conforming Bid	Linked
Winning Bid and Bidder: Centennial Bank, Conway, AR	All deposit whole bank with loss share	0.00%	$(3,778)	80%	80%	N/A	80%	80%	N/A	No	Yes	Yes
Cover Bid (second place): Grand Bank for Savings Hattiesburg, MS	All deposit whole bank	0.00%	$(26,400)	N/A	N/A	N/A	N/A	N/A	N/A	No	Yes	No
Other Bid:	All deposit whole bank with loss share	0.00%	$(11,345)	80%	80%	N/A	80%	80%	N/A	No	Yes	No
Other Bid:	All deposit whole bank with loss share	0.00%	$(11,760)	80%	80%	N/A	80%	80%	N/A	No	No	Yes
Other Bid:	All deposit whole bank with loss share	0.00%	$(13,000)	80%	80%	N/A	80%	80%	N/A	No	Yes	Yes

Bank of the Ozarks, Little Rock, AR
Grand Bank for Savings, Hattiesburg, MS
MidSouth Bank, Lafayette, LA

The winning bidder's acquisition of all the deposits was the least costly resolution compared to a liquidation alternative. The liquidation alternative was valued using valuation models to estimate the market value of the assets. The bids for loss share were valued using a discounted cash flow analysis for the loss share portfolio over the life of the loss share agreement. If any bids were received that would have been more costly than liquidation they have been excluded from this summary.
The Other Bidder Names and the Other Bids are in random order. There is no linkage between bidder names and bids, except in the case of the winning bid and cover bid.
For more information on the bid disclosure policy, see Failed Financial Institution Bid Disclosure Policy.