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Bid Summary

St. Stephen State Bank, Saint Stephen, MN
Closing Date: January 15, 2010

Bidder Type of Transaction Deposit Premium % 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 State Bank of St. Joseph, St. Joseph, MN
All deposit whole bank with loss share 0.00% $(3,490) 80% 95% NA 80% 95% N/A No Yes N/A
Cover (second place):
State Bank of Kensington, Kensington, MN
All deposit whole bank with loss share 0.33% $ (4,000) 80% 95% N/A 80% 95% N/A No Yes N/A
Other Bid:
First State Bank of St. Joseph, St. Joseph, MN
All deposit whole bank with loss share 0.00% $(8,725) NA NA N/A NA NA N/A No Yes N/A

Notes

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