Common use of CALCULATION OF LOSS FOR SHORT SALE LOANS Clause in Contracts

CALCULATION OF LOSS FOR SHORT SALE LOANS. No Preceeding Loan Mod under Loss Share 1 Shared-Loss Month: May-09 2 Loan # 58776 3 RO # 542 4 Interest paid-to-date 7/31/08 5 Short Payoff Date 4/17/09 6 Note Interest rate 7.750% 7 Owner occupied? Yes If so: 8 Borrower current gross annual income 38,500 9 Estimated NPV of loan mod 200,000 10 Most recent BPO 380,000 11 Most recent BPO date 1/31/06 Short-Sale Loss calculation 12 Loan Principal balance 375,000 13 Accrued interest, limited to 90 days 7,266 14 Attorney's fees 0 15 Tax and insurance advances 0 16 3rd party fees due 2,800 17 Incentive to borrower 2,000 18 Gross balance recoverable by Purchaser 387,066 19 Amount accepted in Short-Sale 255,000 20 Hazard Insurance 0 21 Mortgage Insurance 0 22 Total Cash Recovery 255,000 23 Loss Amount 132,066 Exhibit 2c(2)

CALCULATION OF LOSS FOR SHORT SALE LOANS. No Preceeding Short Sale after a Covered Loan Mod under Loss Share 1 Shared-Loss Month: May-09 2 Loan # 58776 20076 3 RO REO # 542 345 4 Loan mod date 5/12/08 5 Interest paid-to-date 7/31/08 5 9/30/08 6 Short Payoff Date 4/17/09 6 4/2/09 7 Note Interest rate 7.7507.500% 7 Owner occupied? Yes If so: 8 Borrower current gross annual income 38,500 9 Estimated NPV of loan mod 200,000 10 Most recent BPO 380,000 11 230,000 9 Most recent BPO date 1/31/06 1/21/09 Short-Sale Loss calculation 11 NPV of projected cash flows at loan mod 311,000 12 Loan Less: Principal balance 375,000 payments between loan mod and deliquency 1,000 Plus: 13 Accrued interest, limited to 90 days 7,266 14 Attorney's fees 0 15 14 Tax and insurance advances 0 16 1,500 15 3rd party fees due 2,800 17 2,600 16 Incentive to borrower 2,000 18 3,500 17 Gross balance recoverable by Purchaser 387,066 19 317,600 18 Amount accepted in Short-Sale 255,000 20 234,000 19 Hazard Insurance 0 21 20 Mortgage Insurance 0 22 21 Total Cash Recovery 255,000 23 234,000 22 Loss Amount 132,066 83,600 Notes to Exhibit 2c(22c (short sale)

CALCULATION OF LOSS FOR SHORT SALE LOANS. No Preceeding Loan Mod under Loss Share 1 Shared-Loss Month: May-09 2 Loan # 58776 3 RO # 542 4 Interest paid-to-date 7/31/08 5 Short Payoff Date 4/17/09 6 Note Interest rate 7.7507.750 % 7 Owner occupied? Yes If so: 8 Borrower current gross annual income 38,500 9 Estimated NPV of loan mod 200,000 10 Most recent BPO 380,000 11 Most recent BPO date 1/31/06 Short-Sale Loss calculation 12 Loan Principal balance 375,000 13 Accrued interest, limited to 90 days 7,266 14 Attorney's ’s fees 0 15 Tax and insurance advances 0 16 3rd party fees due 2,800 17 Incentive to borrower 2,000 18 Gross balance recoverable by Purchaser 387,066 19 Amount accepted in Short-Sale 255,000 20 Hazard Insurance 0 21 Mortgage Insurance 0 22 Total Cash Recovery 255,000 23 Loss Amount 132,066 Exhibit 2c(2)

CALCULATION OF LOSS FOR SHORT SALE LOANS. No Preceeding Short Sale after a Covered Loan Mod under Loss Share 1 Shared-Loss Month: May-09 2 Loan # 58776 20076 3 RO REO # 542 345 4 Loan mod date 5/12/08 5 Interest paid-to-date 7/31/08 5 9/30/08 6 Short Payoff Date 4/17/09 6 4/2/09 7 Note Interest rate 7.7507.500 % 7 Owner occupied? Yes If so: 8 Borrower current gross annual income 38,500 9 Estimated NPV of loan mod 200,000 10 Most recent BPO 380,000 11 230,000 9 Most recent BPO date 1/31/06 1/21/09 Short-Sale Loss calculation 11 NPV of projected cash flows at loan mod 311,000 12 Loan Less: Principal balance 375,000 payments between loan mod and deliquency 1,000 Plus: 13 Accrued interest, limited to 90 days 7,266 14 Attorney's fees 0 15 14 Tax and insurance advances 0 16 1,500 15 3rd party fees due 2,800 17 2,600 16 Incentive to borrower 2,000 18 3,500 17 Gross balance recoverable by Purchaser 387,066 19 317,600 18 Amount accepted in Short-Sale 255,000 20 234,000 19 Hazard Insurance 0 21 20 Mortgage Insurance 0 22 21 Total Cash Recovery 255,000 23 234,000 22 Loss Amount 132,066 83,600 Notes to Exhibit 2c(22c (short sale)

CALCULATION OF LOSS FOR SHORT SALE LOANS. No Preceeding Loan Mod under Loss Share 1 Shared-Loss Month: May-09 2 Loan # 58776 3 RO # 542 4 Interest paid-to-date 7/31/08 5 Short Payoff Date 4/17/09 6 Note Interest rate 7.750% 7 Owner occupied? Yes If so: 8 Borrower current gross annual income 38,500 9 Estimated NPV of loan mod 200,000 10 Most recent BPO 380,000 11 Most recent BPO date 1/31/06 Short-Sale Loss calculation 12 Loan Principal balance 375,000 13 Accrued interest, limited to 90 days 7,266 14 Attorney's ’s fees 0 15 Tax and insurance advances 0 16 3rd party fees due 2,800 17 Incentive to borrower 2,000 18 Gross balance recoverable by Purchaser 387,066 19 Amount accepted in Short-Sale 255,000 20 Hazard Insurance 0 21 Mortgage Insurance 0 22 Total Cash Recovery 255,000 23 Module 1 — Whole Bank w/ Loss Amount 132,066 Share — P&A Security Banks Version 1.07 Georgia July 20, 2009 Exhibit 2c(2)

CALCULATION OF LOSS FOR SHORT SALE LOANS. No Preceeding Short Sale after a Covered Loan Mod under Loss Share 1 Shared-Loss Month: May-09 2 Loan # 58776 20076 3 RO REO # 542 345 4 Loan mod date 5/12/08 5 Interest paid-to-date 7/31/08 5 9/30/08 6 Short Payoff Date 4/17/09 6 4/2/09 7 Note Interest rate 7.7507.500 % 7 Owner occupied? Yes If so: 8 Borrower current gross annual income 38,500 9 Estimated NPV of loan mod 200,000 10 Most recent BPO 380,000 11 230,000 9 Most recent BPO date 1/31/06 1/21/09 Short-Sale Loss calculation 11 NPV of projected cash flows at loan mod 311,000 12 Loan Less: Principal balance 375,000 payments between loan mod and deliquency 1,000 Plus: 13 Accrued interest, limited to 90 days 7,266 14 Attorney's ’s fees 0 15 14 Tax and insurance advances 0 16 1,500 15 3rd party fees due 2,800 17 2,600 16 Incentive to borrower 2,000 18 3,500 17 Gross balance recoverable by Purchaser 387,066 19 317,600 18 Amount accepted in Short-Sale 255,000 20 234,000 19 Hazard Insurance 0 21 20 Mortgage Insurance 0 22 21 Total Cash Recovery 255,000 23 234,000 22 Loss Amount 132,066 83,600 Notes to Exhibit 2c(22c (short sale)

CALCULATION OF LOSS FOR SHORT SALE LOANS. No Preceeding Short Sale after a Covered Loan Mod under Loss Share 1 Shared-Loss Month: May-09 2 Loan # 58776 20076 3 RO REO # 542 345 4 Loan mod date 5/12/08 5 Interest paid-to-date 7/31/08 5 9/30/08 6 Short Payoff Date 4/17/09 6 4/2/09 7 Note Interest rate 7.7507.500 % 7 Owner occupied? Yes If so: 8 Borrower current gross annual income 38,500 9 Estimated NPV of loan mod 200,000 10 Most recent BPO 380,000 11 230,000 9 Most recent BPO date 1/31/06 1/21/09 Short-Sale Loss calculation 11 NPV of projected cash flows at loan mod 311,000 12 Loan Less: Principal balance 375,000 payments between loan mod and deliquency Plus: 1,000 13 Accrued interest, limited to 90 days 7,266 14 Attorney's ’s fees 0 15 14 Tax and insurance advances 0 16 1,500 15 3rd party fees due 2,800 17 2,600 16 Incentive to borrower 2,000 18 3,500 17 Gross balance recoverable by Purchaser 387,066 19 317,600 18 Amount accepted in Short-Sale 255,000 20 234,000 19 Hazard Insurance 0 21 20 Mortgage Insurance 0 22 21 Total Cash Recovery 255,000 23 234,000 22 Loss Amount 132,066 83,600 Module 1 – Whole Bank w/ Loss Share – P&A 94 Rainier Pacific Bank Version 2.00 Tacoma, Washington January 20, 2010 Notes to Exhibit 2c(22c (short sale)

CALCULATION OF LOSS FOR SHORT SALE LOANS. No Preceeding Loan Mod under Loss Share 1 Shared-Loss Month: May-09 2 Loan # May-09 58776 3 RO # 542 4 Interest paid-to-date 7/31/08 5 Short Payoff Date 4/17/09 6 Note Interest rate 7.750% 7 Owner occupied? Yes If so: 8 Borrower current gross annual income 38,500 9 Estimated NPV of loan mod 200,000 10 Most recent BPO 380,000 11 Most recent BPO date 1/31/06 Short-Sale Loss calculation 12 Loan Principal balance 375,000 13 Accrued interest, limited to 90 days 7,266 14 Attorney's fees 0 15 Tax and insurance advances 0 16 3rd party fees due 2,800 17 Incentive to borrower 2,000 18 Gross balance recoverable by Purchaser 387,066 19 Amount accepted in Short-Sale 255,000 20 Hazard Insurance 0 21 Mortgage Insurance 0 22 Total Cash Recovery 255,000 23 Loss Amount 132,066 Exhibit 2c(2)255,000

CALCULATION OF LOSS FOR SHORT SALE LOANS. No Preceeding Short Sale after a Covered Loan Mod under Loss Share 1 Shared-Loss Month: May-09 2 Loan # 58776 20076 3 RO REO # 542 345 4 Loan mod date 5/12/08 5 Interest paid-to-date 7/31/08 5 9/30/08 6 Short Payoff Date 4/17/09 6 4/2/09 7 Note Interest rate 7.7507.500% 7 Owner occupied? Yes If so: 8 Borrower current gross annual income 38,500 9 Estimated NPV of loan mod 200,000 10 Most recent BPO 380,000 11 230,000 9 Most recent BPO date 1/31/06 1/21/09 Short-Sale Loss calculation 11 NPV of projected cash flows at loan mod 311,000 12 Loan Less: Principal balance 375,000 payments between loan mod and deliquency 1,000 Plus: 13 Accrued interest, limited to 90 days 7,266 14 Attorney's fees 0 15 14 Tax and insurance advances 0 16 1,500 15 3rd party fees due 2,800 17 2,600 16 Incentive to borrower 2,000 18 3,500 17 Gross balance recoverable by Purchaser 387,066 19 317,600 18 Amount accepted in Short-Sale 255,000 20 234,000 19 Hazard Insurance 0 21 20 Mortgage Insurance 0 22 21 Total Cash Recovery 255,000 23 234,000 22 Loss Amount 132,066 83,600 Module 1 – Whole Bank w/ Loss Share – P&A Version 1.08 July 24, 0000 XXXXXX XXXX XXXXX XXXX, XXXX Notes to Exhibit 2c(22c (short sale)

CALCULATION OF LOSS FOR SHORT SALE LOANS. No Preceeding Loan Mod under Loss Share 1 Shared-Loss Month: May-09 2 Loan # 58776 3 RO # 542 4 Interest paid-to-date 7/31/08 5 Short Payoff Date 4/17/09 6 Note Interest rate 7.750% 7 Owner occupied? Yes If so: 8 Borrower current gross annual income 38,500 9 Estimated NPV of loan mod 200,000 10 Most recent BPO 380,000 11 Most recent BPO date 1/31/06 Short-Sale Loss calculation 12 Loan Principal balance 375,000 13 Accrued interest, limited to 90 days 7,266 14 Attorney's ’s fees 0 15 Tax and insurance advances 0 16 3rd party fees due 2,800 17 Incentive to borrower 2,000 18 Gross balance recoverable by Purchaser 387,066 19 Amount accepted in Short-Sale 255,000 20 Hazard Insurance 0 21 Mortgage Insurance 0 22 Total Cash Recovery 255,000 23 Loss Amount 132,066 Exhibit 2c(2)

CALCULATION OF LOSS FOR SHORT SALE LOANS. No Preceeding Loan Mod under Loss Share 1 Shared-Loss Month: May-09 2 Loan # 58776 3 RO # 542 4 Interest paid-to-date 7/31/08 5 Short Payoff Date 4/17/09 6 Note Interest rate 7.750% 7 Owner occupied? Yes If so: 8 Borrower current gross annual income 38,500 9 Estimated NPV of loan mod 200,000 10 Most recent BPO 380,000 11 Most recent BPO date 1/31/06 Short-Sale Loss calculation 12 Loan Principal balance 375,000 13 Accrued interest, limited to 90 days 7,266 14 Attorney's fees 0 15 Tax and insurance advances 0 16 3rd party fees due 2,800 17 Incentive to borrower 2,000 18 Gross balance recoverable by Purchaser 387,066 19 Amount accepted in Short-Sale 255,000 20 Hazard Insurance 0 21 Mortgage Insurance 0 22 Total Cash Recovery 255,000 23 Loss Amount 132,066 Exhibit 2c(2)255,000

CALCULATION OF LOSS FOR SHORT SALE LOANS. No Preceeding Loan Mod under Loss Share 1 Shared-Loss Month: May-09 2 Loan # 58776 3 RO # 542 4 Interest paid-to-date 7/31/08 5 Short Payoff Date 4/17/09 6 Note Interest rate 7.7507.750 % 7 Owner occupied? Yes If so: 8 Borrower current gross annual income 38,500 9 Estimated NPV of loan mod 200,000 10 Most recent BPO 380,000 11 Most recent BPO date 1/31/06 Short-Sale Loss calculation 12 Loan Principal balance 375,000 13 Accrued interest, limited to 90 days 7,266 14 Attorney's ’s fees 0 15 Tax and insurance advances 0 16 3rd party fees due 2,800 17 Incentive incentive to borrower 2,000 18 Gross balance recoverable by Purchaser 387,066 19 Amount accepted in Short-Sale 255,000 20 Hazard Insurance 0 21 Mortgage Insurance 0 22 Total Cash Recovery 255,000 23 Loss Amount 132,066 Exhibit 2c(2)

CALCULATION OF LOSS FOR SHORT SALE LOANS. No Preceeding Loan Mod under Loss Share 1 Shared-Loss Month: May-09 2 Loan # 58776 3 RO # 542 4 Interest paid-to-date 7/31/08 5 Short Payoff Date 4/17/09 6 Note Interest rate 7.7507.750 % 7 Owner occupied? Yes If so: 8 Borrower current gross annual income 38,500 9 Estimated NPV of loan mod 200,000 10 Most recent BPO 380,000 11 Most recent BPO date 1/31/06 Short-Sale Loss calculation 12 Loan Principal balance 375,000 13 Accrued interest, limited to 90 days 7,266 14 Attorney's ’s fees 0 15 Tax and insurance advances 0 16 3rd party fees due 2,800 17 Incentive to borrower 2,000 18 Gross balance recoverable by Purchaser 387,066 19 Amount accepted in Short-Sale 255,000 20 Hazard Insurance 0 21 Mortgage Insurance 0 22 Total Cash Recovery 255,000 23 Loss Amount 132,066 Module 1 – Whole Bank w/ Loss Share – P&A 93 Rainier Pacific Bank Version 2.00 Tacoma, Washington January 20, 2010 Exhibit 2c(2)

CALCULATION OF LOSS FOR SHORT SALE LOANS. No Preceeding Loan Mod under Loss Share 1 Shared-Loss Month: May-09 2 Loan # 58776 3 RO # 542 4 Interest paid-to-date 7/31/08 5 Short Payoff Date 4/17/09 6 Note Interest rate 7.7507.750 % 7 Owner occupied? Yes If so: 8 Borrower current gross annual income 38,500 9 Estimated NPV of loan mod 200,000 10 Most recent BPO 380,000 11 Most recent BPO date 1/31/06 Short-Sale Loss calculation 12 Loan Principal balance 375,000 13 Accrued interest, limited to 90 days 7,266 14 Attorney's ’s fees 0 15 Tax and insurance advances 0 16 3rd party fees due 2,800 17 Incentive to borrower 2,000 18 Gross balance recoverable by Purchaser 387,066 19 Amount accepted in Short-Sale 255,000 20 Hazard Insurance 0 21 Mortgage Insurance 0 22 Total Cash Recovery 255,000 23 Loss Amount 132,066 Bank of Hiawassee Hiawassee, Georgia 94 Exhibit 2c(2)