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Bid Summary

Carolina Federal Savings Bank
Charleston, SC
Closing Date: June 8, 2012


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:
Bank of North Carolina, Thomasville, NC		 All deposit modified whole bank with no loss share 0.00% $(10,650) N/A N/A N/A N/A N/A N/A No Yes N/A
Cover - 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 Omitted from this disclosure Omitted from this disclosure Omitted from this disclosure Omitted from this disclosure Omitted from this disclosure
Other Bid All deposit modified whole bank with no loss share 0.50% $(12,544) N/A N/A N/A N/A N/A N/A No No N/A
Other Bid All deposit whole bank with no loss share 0.50% $(19,369) N/A N/A N/A N/A N/A N/A No No N/A


Other Bidder Names:
Omitted from this disclosure

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.

- Because there was only one other bidder, the Other Bidder Name is omitted from this disclosure.

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



Last Updated 06/14/2012 cservicefdicdal@fdic.gov