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: 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) 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 1,000 Plus: 13 Attorney's fees 0

CALCULATION OF LOSS FOR SHORT SALE LOANS. No Preceeding Loan Mod under Loss Share 1 Shared-Loss Month: 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) CALCULATION OF LOSS FOR SHORT SALE LOANS Short Sale after a Covered Loan Mod 1 Shared-Loss Month: May-09 2 Loan # May-09 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 1,000 Plus: 13 Attorney's fees 0

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 7.7507.750 % 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 Version 1.12 November 17, 2009 88 FIRST REGIONAL BANK Los Angeles, CA Exhibit 2c(2) 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: 13 Attorney's ’s fees 00 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 Version 1.12 November 17, 2009 89 FIRST REGIONAL BANK Los Angeles, CA Notes to Exhibit 2c (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) 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 1,000 Plus: 13 Attorney's fees 0

CALCULATION OF LOSS FOR SHORT SALE LOANS. No Preceeding Loan Mod under Loss Share 1 Shared-Loss Month(AFTER A COVERED LOAN MODIFICATION) Note: 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 This is an example only and not representative 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 any transaction. Exhibit 2c(22b(3) CALCULATION OF LOSS FOR SHORT SALE LOANS Short Short-Sale after a Covered Loan Mod Restructuring 1 Shared-Loss Month: May-09 20090531 2 Loan # 20076 3 REO # 345 4 Loan mod date 5/12/08 5 Interest paid-to-date 9/30/08 6 20080930 4 Short Payoff Date 4/2/09 7 20090402 5 Note Interest rate 7.500% 8 Most recent BPO 230,000 0.07500 9 Most recent BPO date 1/21/09 Valuation Date 20090121 10 Valuation Amount 230000 11 Valuation Type (INT, EXTP, AVM, BPO, DA, DB, FA, PAU and TV) EXT Short-Sale Loss calculation 11 15 NPV of projected cash flows at first loan mod 311,000 12 311000 16 Less: Principal Post modification principal payments between loan mod and deliquency 1,000 1000 Plus: 13 Attorney's 19 Foreclosure costs, including title search, filing fees, advertising, etc. 0 20 Property protection costs, maint., repairs and any costs or expenses relating to environmental conditions 0 21 Tax and insurance advances 0 Other advances 22 Appraisal/Broker’s Price Opinion fees 0350 23 Inspections 600 24 Other 0 25 Incentive to borrower 3500 Gross balance recoverable by Assuming Institution 314450 Cash Recoveries: 26 Amount accepted in Short-Sale (proceeds gross of claimed amounts) 210000 27 Hazard Insurance 0 33 MI Claim Date 19000100 34 MI Claim Amount 0 35 MI Response Date 19000100 28 Mortgage Insurance 0 29 T & I escrow account balance, if positive 400 30 Other credits, if any (itemize) 0 Total Cash Recovery 210400

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 7.7507.750 % 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 Orion Bank Naples, FL 84 Exhibit 2c(2) 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: 13 Attorney's ’s fees 00 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 Orion Bank Naples, FL Notes to Exhibit 2c (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 7.7507.750 % 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 82 Exhibit 2c(2) 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: 13 Attorney's ’s fees 00 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 83 Notes to Exhibit 2c (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 7.7507.750 % 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 Whole Bank w/ Loss Share – P&A Colonial Bank August 14, 2009 Montgomery, Alabama Exhibit 2c(2) 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: 13 Attorney's ’s fees 00 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 Whole Bank w/ Loss Share – P&A Colonial Bank August 14, 2009 Montgomery, Alabama Notes to Exhibit 2c (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 7.7507.750 % 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 Version 2.01 February 24, 2010 88 Sun American Bank Boca Raton, Florida Exhibit 2c(2) 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: 13 Attorney's ’s fees 00 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 Version 2.01 February 24, 2010 89 Sun American Bank Boca Raton, Florida Notes to Exhibit 2c (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 7.7507.750 % 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 LIBERTYPOINTE BANK Version 2.01 NEW YORK, NEW YORK February 24, 2010 86 Exhibit 2c(2) 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: 13 Attorney's ’s fees 00 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 LIBERTYPOINTE BANK Version 2.01 NEW YORK, NEW YORK February 24, 2010 87 Notes to Exhibit 2c (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 ’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 United Commercial Bank San Francisco, CA Exhibit 2c(2) 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: 13 Attorney's ’s fees 00 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 United Commercial Bank San Francisco, CA Notes to Exhibit 2c (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 7.7507.750 % 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 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: 13 Attorney's ’s fees 00 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 Notes to Exhibit 2c (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 7.7507.750 % 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 CENTURY BANK, A FEDERAL SAVINGS BANK SARASOTA, FLORIDA 83 Exhibit 2c(2) 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: 13 Attorney's ’s fees 00 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 CENTURY BANK, A FEDERAL SAVINGS BANK SARASOTA, FLORIDA 84 Notes to Exhibit 2c (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 ’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 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 Republic Federal Bank, N.A. Version 1.12 95 Miami, FL November 17, 2009 Exhibit 2c(2) 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 1,000 Plus: 1,000 13 Attorney's ’s fees 00 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 Version 1.12 November 17, 2009 96 Republic Federal Bank, N.A. Miami, FL Notes to Exhibit 2c (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 7.7507.750 % 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 Desert Hills Bank Version 2.01 92 Phoenix, Arizona February 24, 2010 Exhibit 2c(2) 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: 13 Attorney's ’s fees 00 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 Desert Hills Bank Version 2.01 93 Phoenix, Arizona February 24, 2010 Notes to Exhibit 2c (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 7.7507.750 % 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 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 XXXXX UNION BANK AND TRUST COMPANY Version 1.08 COLUMBUS, INDIANA July 24, 2009 Table of Contents Exhibit 2c(2) 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 00 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 Module 1 – Whole Bank w/ Loss Share – P&A XXXXX UNION BANK AND TRUST COMPANY Version 1.08 COLUMBUS, INDIANA July 24, 2009 Table of Contents Notes to Exhibit 2c (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 7.7507.750 % 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 The Park Avenue Bank Version 2.01 New York, New York February 24, 2010 87 Exhibit 2c(2) 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: 13 Attorney's ’s fees 00 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 The Park Avenue Bank Version 2.01 New York, New York February 24, 2010 88 Notes to Exhibit 2c (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 7.7507.750 % 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 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 – Modified Whole Bank w/ Loss Amount 132,066 Share – P&A Xxxxx Union, FSB Version 1.08 Columbus, IN July 24, 2009 81 Table of Contents Exhibit 2c(2) 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: 13 Attorney's fees 00 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 Module 1 – Modified Whole Bank w/ Loss Share – P&A Xxxxx Union, FSB Version 1.08 Columbus, IN July 24, 2009

CALCULATION OF LOSS FOR SHORT SALE LOANS. No Preceeding Loan Mod under Loss Share 1 Shared-Loss Month: 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) CALCULATION OF LOSS FOR SHORT SALE LOANS Short Sale after a Covered Loan Mod 1 Shared-Loss Month: May-09 20090531 2 Loan # 20076 3 REO # 345 4 Loan mod date 5/12/08 5 Interest paidPaid-to-date 9/30/08 6 Date 20080930 4 Short Payoff Date 4/2/09 7 20090402 5 Note Interest rate 7.500% 8 Most recent BPO 230,000 0.07500 9 Most recent BPO date 1/21/09 Valuation Date 20090121 10 Valuation Amount 230000 11 Valuation Type (Interior/exterior appraisal, BPO, AVM, etc) Ext Appraisal Short-Sale Loss calculation 11 15 NPV of projected cash flows at first loan mod 311,000 12 311000 16 Less: Principal Post modification principal payments between loan mod and deliquency 1,000 Plus: 13 1000 18 Attorney's ’s fees 00 19 Foreclosure costs, including title search, filing fees, advertising, etc. 0 20 Property protection costs, maint., repairs and any costs or expenses relating to environmental conditions 0 21 Tax and insurance advances 0 Other Advances 22 Appraisal/Broker’s Price Opinion fees 350 23 Inspections 600 24 Other 0 25 Incentive to borrower 3500 Gross balance recoverable by Purchaser 314450 26 Amount accepted in Short-Sale (net proceeds) 210000 27 Hazard Insurance 0 28 Mortgage Insurance 0 29 T & I escrow account balance, if positive 400 30 Other credits, if any (itemize) 0 Total Cash Recovery 210400