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Bid Summary

Bank of Jackson County
Graceville , FL
Closing Date: October 30, 2013



Bidder Type of Transaction Deposit Premium/(Discount) % Asset Premium/(Discount) $(000) / % Conforming Bid Bid on ORE Bank Premises Included Value Appreciation Instrument
Winning bid and bidder: First Federal Bank of Florida, Lake City, FL All deposit whole bank 0.00% $(1,888) Yes No No N/A
Cover Bid: omitted from this disclosure omitted from this disclosure omitted from this disclosure omitted from this disclosure omitted from this disclosure omitted from this disclosure omitted from this disclosure omitted from this disclosure
Other Bid:   All deposit whole bank 0.00% $(1,888) Yes Yes No N/A
Other Bid:   All deposit whole bank 0.00% $(3,390) Yes Yes Yes N/A
Other Bid:   All deposit whole bank 0.00% $(3,990) Yes No Yes N/A
Other Bid:   All deposit whole bank 0.00% $(6,495) Yes Yes Yes N/A
Other Bid:   All deposit whole bank 0.00% $(7,525) Yes No Yes N/A
Other Bid:   All deposit whole bank 0.00% $(7,625) Yes Yes Yes N/A


Other Bidder Names:

Bank of Early, Blakely, GA
First Federal Bank of Florida, Lake City, FL
First Port City Bank, Bainbridge, 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.

- 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.

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

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




Last Updated 12/09/2013 cservicefdicdal@fdic.gov