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Bid Summary

Chipola Community Bank
Marianna , FL
Closing Date: April 19, 2013



Bidder Type of Transaction Deposit Premium/(Discount) % 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: First Federal Bank of Florida, Lake City, FL
All 0.00 % $ (3,699) N/A N/A N/A N/A N/A N/A No Yes N/A
Cover: none N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Other:   All deposit Modified Whole Bank 0.00 % $ (5,200) N/A N/A N/A N/A N/A N/A No Yes N/A
Other:   All deposit Modified Whole Bank 0.00 % $ (5,200) N/A N/A N/A N/A N/A N/A No No N/A
Other:   All deposit Whole Bank 0.00 % $ (6,400) N/A N/A N/A N/A N/A N/A No Yes N/A
Other:   All deposit Whole Bank 0.00 % $ (6,400) N/A N/A N/A N/A N/A N/A No No N/A
Other:   All deposit Modified Whole Bank 0.00 % $ (8,110) N/A N/A N/A N/A N/A N/A No No N/A
Other:   All deposit Whole Bank 0.00 % $ (8,674) N/A N/A N/A N/A N/A N/A No No N/A
Other:   All deposit Modified Whole Bank 0.00 % $ (9,758) N/A N/A N/A N/A N/A N/A No Yes N/A
Other:   All deposit Whole Bank 0.00 % $ (10,848) N/A N/A N/A N/A N/A N/A No Yes N/A


Other Bidder Names:

- SmartBank, Pigeon Forge, TN

- Bank of Early, Blakely, GA

Notes:

- 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. Bids for loss share, if any, were valued using a discounted cash flow analysis for the loss share portfolio over the life of the loss share agreement.

- The cover bid is the bid that: a. Is less costly than liquidation and b. Is the least costly bid after excluding all bids submitted by the winning bidder.

- There are more bids than bidders because one or more bidders submitted more than one bid.

- 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.

- For more information on the bid disclosure policy, see http://www.fdic.gov/about/freedom/biddocs.html.







Last Updated 05/16/2013 cservicefdicdal@fdic.gov