|        |
|--------|
|        |  |  |  |  |
|   |

|   |
|---|
|   |  |
| x | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |

|   |
|---|
|   |  |
| o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |

|                                                                |
|----------------------------------------------------------------|
|                                                                |  |  |
| Georgia                                                        |   | 27-1744232 |
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |
| 3399 Peachtree Road, NE, Suite 1900Atlanta, Georgia            |   | 30326 |
| (Address of principal executive offices)                       |   | (Zip Code) |

|                                                                                 |
|---------------------------------------------------------------------------------|
|                                                                                 |  |  |
| Large accelerated filer o                                                  |   | Accelerated filer x |
| Non-accelerated filer o (Do not check if a smaller reporting company) |   | Smaller reporting company o |

|        |
|--------|
|        |  |  |  |  |
|   |

|                                                      |
|------------------------------------------------------|
|                                                      |  |  |
|                                                 |   | Page |
| Cautionary Note Regarding Forward-Looking Statements | 1 |
|                                                 |   |   |
| Part I - Financial Information                       |   |
|                                                 |   |   |
| ITEM 1.                                              | Financial Statements | 2 |
|                                                 | Consolidated Statements of Financial Condition at March 31, 2013 (unaudited) and December 31, 2012 (audited) | 2 |
|                                                 | Consolidated Statements of Operations (unaudited) for the Three Months Ended March 31, 2013 and 2012 | 3 |
|                                                 | Consolidated Statements of Comprehensive Income (Loss) (unaudited) for the Three Months Ended March 31, 2013 and 2012 | 4 |
|                                                 | Consolidated Statements of Changes in Shareholders' Equity (unaudited) for the Three Months Ended March 31, 2013 and 2012 | 5 |
|                                                 | Consolidated Statements of Cash Flows (unaudited) for the Three Months Ended March 31, 2013 and 2012 | 6 |
|                                                 | Notes to Consolidated Financial Statements (unaudited) | 8 |
| ITEM 2.                                              | Management's Discussion and Analysis of Financial Condition and Results of Operations | 40 |
| ITEM 3.                                              | Quantitative and Qualitative Disclosures about Market Risk | 60 |
| ITEM 4.                                              | Controls and Procedures | 60 |
|                                                 |   |   |
| Part II - Other Information                          |   |
|                                                 |   |   |
| ITEM 1.                                              | Legal Proceedings | 61 |
| ITEM 1A.                                             | Risk Factors | 61 |
| ITEM 2.                                              | Unregistered Sales of Equity Securities and Use of Proceeds | 61 |
| ITEM 3.                                              | Defaults Upon Senior Securities | 61 |
| ITEM 4.                                              | Mine Safety Disclosures | 61 |
| ITEM 5.                                              | Other Information | 61 |
| ITEM 6.                                              | Exhibits | 61 |

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|         |                                                                                                                                                                                                                                                                                    |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | general economic conditions (both generally and in our markets) may be less favorable than expected, which could result in, among other things, a continued deterioration in credit quality, a further reduction in demand for credit and a further decline in real estate values; |

|         |                                                                                                                                                        |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | the general decline in the real estate and lending markets, particularly in our market areas, may continue to negatively affect our financial results; |

|         |                                                                                                                                   |
|---------|-----------------------------------------------------------------------------------------------------------------------------------|
| • | our ability to raise additional capital may be impaired if current levels of market disruption and volatility continue or worsen; |

|         |                                                                                                                                                      |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | we may be unable to collect reimbursements on losses that we incur on our assets covered under loss share agreements with the FDIC as we anticipate; |

|         |                                                                                                                                |
|---------|--------------------------------------------------------------------------------------------------------------------------------|
| • | restrictions or conditions imposed by our regulators on our operations may make it more difficult for us to achieve our goals; |

|         |                                                                                                                                    |
|---------|------------------------------------------------------------------------------------------------------------------------------------|
| • | legislative or regulatory changes, including changes in accounting standards and compliance requirements, may adversely affect us; |

|         |                                                                                                     |
|---------|-----------------------------------------------------------------------------------------------------|
| • | competitive pressures among depository and other financial institutions may increase significantly; |

|         |                                                                                                                             |
|---------|-----------------------------------------------------------------------------------------------------------------------------|
| • | changes in the interest rate environment may reduce margins or the volumes or values of the loans we make or have acquired; |

|         |                                                                                                                                                                         |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | other financial institutions have greater financial resources and may be able to develop or acquire products that enable them to compete more successfully than we can; |

|         |                                                                                                                                                 |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------|
| • | our ability to attract and retain key personnel can be affected by the increased competition for experienced employees in the banking industry; |

|         |                                                           |
|---------|-----------------------------------------------------------|
| • | adverse changes may occur in the bond and equity markets; |

|         |                                                                                                                    |
|---------|--------------------------------------------------------------------------------------------------------------------|
| • | war or terrorist activities may cause further deterioration in the economy or cause instability in credit markets; |

|         |                                                                                                                                                         |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | economic, governmental or other factors may prevent the projected population, residential and commercial growth in the markets in which we operate; and |

|         |                                                                                                                            |
|---------|----------------------------------------------------------------------------------------------------------------------------|
| • | we will or may continue to face the risk factors discussed from time to time in the periodic reports we file with the SEC. |

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|                                                                                                                                                          |
|----------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                          |  |  |  |  |  |  |  |
|                                                                                                                                                     | March 31, 2013 |   | December 31, 2012 |
|                                                                                                                                                     | (unaudited) |   | (audited) |
| Assets                                                                                                                                                   |   |   |   |
| Cash and amounts due from depository institutions                                                                                                        | $ | 8,556 |  |   | $ | 11,902 |  |
| Interest-bearing deposits in other financial institutions                                                                                                | 459,494 |  |   | 433,483 |  |
| Cash and cash equivalents                                                                                                                                | 468,050 |  |   | 445,385 |  |
| Investment securities available-for-sale                                                                                                                 | 351,515 |  |   | 303,901 |  |
| Loans receivable:                                                                                                                                        |   |   |   |
| Noncovered under FDIC loss share agreements                                                                                                              | 1,051,455 |  |   | 985,502 |  |
| Covered under FDIC loss share agreements                                                                                                                 | 396,831 |  |   | 474,713 |  |
| Allowance for loan losses (noncovered loans)                                                                                                             | (15,122 | ) |   | (14,660 | ) |
| Allowance for loan losses (covered loans)                                                                                                                | (28,706 | ) |   | (55,478 | ) |
| Net loans                                                                                                                                                | 1,404,458 |  |   | 1,390,077 |  |
| Mortgage loans held for sale                                                                                                                             | 2,386 |  |   | 4,853 |  |
| Other real estate owned:                                                                                                                                 |   |   |   |
| Noncovered under FDIC loss share agreements                                                                                                              | 276 |  |   | 1,115 |  |
| Covered under FDIC loss share agreements                                                                                                                 | 47,401 |  |   | 45,062 |  |
| Premises and equipment, net                                                                                                                              | 35,379 |  |   | 35,364 |  |
| Goodwill                                                                                                                                                 | 10,381 |  |   | 10,381 |  |
| Other intangibles, net                                                                                                                                   | 2,819 |  |   | 3,188 |  |
| FDIC receivable for loss share agreements                                                                                                                | 258,848 |  |   | 355,325 |  |
| Other assets                                                                                                                                             | 60,672 |  |   | 68,314 |  |
| Total assets                                                                                                                                             | $ | 2,642,185 |  |   | $ | 2,662,965 |  |
| Liabilities and Shareholders' Equity                                                                                                                     |   |   |   |
| Liabilities:                                                                                                                                             |   |   |   |
| Noninterest-bearing deposits                                                                                                                             | $ | 409,717 |  |   | $ | 387,450 |  |
| Interest-bearing deposits                                                                                                                                | 1,738,473 |  |   | 1,760,986 |  |
| Total deposits                                                                                                                                           | 2,148,190 |  |   | 2,148,436 |  |
| Securities sold under agreements to repurchase                                                                                                           | 3,959 |  |   | 4,755 |  |
| Notes payable                                                                                                                                            | 3,861 |  |   | 2,523 |  |
| Other liabilities                                                                                                                                        | 59,239 |  |   | 77,035 |  |
| Total liabilities                                                                                                                                        | 2,215,249 |  |   | 2,232,749 |  |
| Shareholders' equity:                                                                                                                                    |   |   |   |
| Preferred stock, $1 par value; 2,000,000 shares authorized, no shares issued and outstanding in 2013 and 2012, respectively                              | — |  |   | — |  |
| Common stock, $.01 par value; 100,000,000 shares authorized; 31,918,665 and 31,908,665 shares issued and outstanding in 2013 and 2012, respectively | 319 |  |   | 319 |  |
| Additional paid-in capital                                                                                                                               | 294,375 |  |   | 293,963 |  |
| Retained earnings                                                                                                                                        | 125,293 |  |   | 127,406 |  |
| Accumulated other comprehensive income, net of tax                                                                                                       | 6,949 |  |   | 8,528 |  |
| Total shareholders' equity                                                                                                                               | 426,936 |  |   | 430,216 |  |
| Total liabilities and shareholders' equity                                                                                                               | $ | 2,642,185 |  |   | $ | 2,662,965 |  |

----

| STATE BANK FINANCIAL CORPORATION AND SUBSIDIARYConsolidated Statements of Operations(Unaudited)(Dollars in thousands, except per share amounts) |
|-------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                 |  |  |  |  |  |  |  |
|                                                                                                                                            | Three Months Ended |
|                                                                                                                                            | March 31 |
|                                                                                                                                            | 2013 |   | 2012 |
| Interest income:                                                                                                                                |   |   |   |
| Noncovered loans, including fees                                                                                                                | $ | 14,319 |  |   | $ | 11,834 |  |
| Accretion income on covered loans                                                                                                               | 20,636 |  |   | 23,490 |  |
| Investment securities:                                                                                                                          |   |   |   |
| Taxable                                                                                                                                         | 2,167 |  |   | 2,760 |  |
| Tax-exempt                                                                                                                                      | 84 |  |   | 104 |  |
| Deposits with other financial institutions                                                                                                      | 251 |  |   | 102 |  |
| Total interest income                                                                                                                           | 37,457 |  |   | 38,290 |  |
| Interest expense:                                                                                                                               |   |   |   |
| Deposits                                                                                                                                        | 1,916 |  |   | 2,796 |  |
| Notes payable                                                                                                                                   | 79 |  |   | 55 |  |
| Federal funds purchased and repurchase agreements                                                                                               | 1 |  |   | 1 |  |
| Total interest expense                                                                                                                          | 1,996 |  |   | 2,852 |  |
| Net interest income                                                                                                                             | 35,461 |  |   | 35,438 |  |
| Provision for loan losses (noncovered loans)                                                                                                    | 350 |  |   | 1,535 |  |
| Provision for loan losses (covered loans)                                                                                                       | (2,385 | ) |   | (1,283 | ) |
| Net interest income after provision for loan losses                                                                                             | 37,496 |  |   | 35,186 |  |
| Noninterest income:                                                                                                                             |   |   |   |
| Amortization of FDIC receivable for loss share agreements                                                                                       | (16,779 | ) |   | (7,010 | ) |
| Service charges on deposits                                                                                                                     | 1,215 |  |   | 1,212 |  |
| Mortgage banking income                                                                                                                         | 306 |  |   | 302 |  |
| Gain on sale of investment securities                                                                                                           | 364 |  |   | 93 |  |
| Payroll fee income                                                                                                                              | 832 |  |   | — |  |
| ATM income                                                                                                                                      | 605 |  |   | 585 |  |
| Other                                                                                                                                           | 854 |  |   | 559 |  |
| Total noninterest income                                                                                                                        | (12,603 | ) |   | (4,259 | ) |
| Noninterest expense:                                                                                                                            |   |   |   |
| Salaries and employee benefits                                                                                                                  | 17,395 |  |   | 12,963 |  |
| Occupancy and equipment                                                                                                                         | 2,456 |  |   | 2,457 |  |
| Legal and professional fees                                                                                                                     | 1,601 |  |   | 1,517 |  |
| Marketing                                                                                                                                       | 328 |  |   | 264 |  |
| Federal insurance premiums and other regulatory fees                                                                                            | 469 |  |   | 418 |  |
| Net cost of operations of other real estate owned                                                                                               | 1,288 |  |   | 1,558 |  |
| Data processing                                                                                                                                 | 1,437 |  |   | 1,864 |  |
| Amortization of intangibles                                                                                                                     | 370 |  |   | 246 |  |
| Other                                                                                                                                           | 1,320 |  |   | 1,406 |  |
| Total noninterest expense                                                                                                                       | 26,664 |  |   | 22,693 |  |
| Income (loss) before income taxes                                                                                                               | (1,771 | ) |   | 8,234 |  |
| Income tax (benefit) expense                                                                                                                    | (615 | ) |   | 3,096 |  |
| Net income (loss)                                                                                                                               | $ | (1,156 | ) |   | $ | 5,138 |  |
| Basic net income (loss) per share                                                                                                               | $ | (.04 | ) |   | $ | .16 |  |
| Diluted net income (loss) per share                                                                                                             | $ | (.04 | ) |   | $ | .16 |  |
| Weighted Average Shares Outstanding:                                                                                                            |   |   |   |
| Basic                                                                                                                                           | 31,908,776 |  |   | 31,611,603 |  |
| Diluted                                                                                                                                         | 31,908,776 |  |   | 32,794,798 |  |

----

|                                                                                                                                                                                                                                                          |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                          |  |  |  |  |  |  |  |
|                                                                                                                                                                                                                                                     | Three Months Ended |
|                                                                                                                                                                                                                                                     | March 31 |
|                                                                                                                                                                                                                                                     | 2013 |   | 2012 |
| Net income (loss)                                                                                                                                                                                                                                        | $ | (1,156 | ) |   | $ | 5,138 |  |
| Other comprehensive income (loss), net of tax                                                                                                                                                                                                            |   |   |   |
| Unrealized (losses) gains on investment securities available-for-sale and derivative financial instruments accounted for as cash flow hedges arising during the period, net of income tax benefit of $235 and income tax expense of $3,597, respectively | (1,352 | ) |   | 5,969 |  |
| Reclassification adjustment for gains on liquidation of equity securities included in investment securities available-for-sale, net of income tax expense of $137 and $35, respectively                                                                  | (227 | ) |   | (58 | ) |
| Total other comprehensive income (loss)                                                                                                                                                                                                                  | (1,579 | ) |   | 5,911 |  |
| Comprehensive income (loss)                                                                                                                                                                                                                              | $ | (2,735 | ) |   | $ | 11,049 |  |

----

|                                                  |
|--------------------------------------------------|
|                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                             | Warrants |   | Common |   | Paid-In Capital |   | RetainedEarnings |   | Accumulated Other Comprehensive Income (Loss) |   | Total |
|                                             |   | Shares |   | Stock |   |   |   |   |
| Balance, December 31, 2011                       | 2,686,827 |  |   | 31,721,236 |  |   | $ | 317 |  |   | $ | 293,074 |  |   | $ | 106,574 |  |   | $ | (2,677 | ) |   | $ | 397,288 |  |
| Stock-based compensation                         | — |  |   | — |  |   | — |  |   | 166 |  |   | — |  |   | — |  |   | 166 |  |
| Change in accumulated other comprehensive income | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 5,911 |  |   | 5,911 |  |
| Net income                                       | — |  |   | — |  |   | $ | — |  |   | $ | — |  |   | $ | 5,138 |  |   | $ | — |  |   | $ | 5,138 |  |
| Balance, March 31, 2012                          | 2,686,827 |  |   | 31,721,236 |  |   | $ | 317 |  |   | $ | 293,240 |  |   | $ | 111,712 |  |   | $ | 3,234 |  |   | $ | 408,503 |  |
|                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2012                       | 2,640,283 |  |   | 31,908,665 |  |   | $ | 319 |  |   | $ | 293,963 |  |   | $ | 127,406 |  |   | $ | 8,528 |  |   | $ | 430,216 |  |
| Exercise of stock warrants                       | (10,000 | ) |   | 10,000 |  |   |  |  |   | 100 |  |   | — |  |   | — |  |   | 100 |  |
| Stock-based compensation                         | — |  |   | — |  |   | — |  |   | 312 |  |   | — |  |   | — |  |   | 312 |  |
| Change in accumulated other comprehensive income | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | (1,579 | ) |   | (1,579 | ) |
| Dividends paid                                   | — |  |   | — |  |   | — |  |   | — |  |   | (957 | ) |   | — |  |   | (957 | ) |
| Net loss                                         | — |  |   | — |  |   | — |  |   | — |  |   | (1,156 | ) |   | — |  |   | (1,156 | ) |
| Balance, March 31, 2013                          | 2,630,283 |  |   | 31,918,665 |  |   | $ | 319 |  |   | $ | 294,375 |  |   | $ | 125,293 |  |   | $ | 6,949 |  |   | $ | 426,936 |  |

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| STATE BANK FINANCIAL CORPORATION AND SUBSIDIARIESConsolidated Statements of Cash Flows(Unaudited)(Dollars in thousands) |
|-------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                         |  |  |  |  |  |  |  |
|                                                                                                                    | Three Months Ended |
|                                                                                                                    | March 31 |
|                                                                                                                    | 2013 |   | 2012 |
| Cash Flows from Operating Activities                                                                                    |   |   |   |
| Net income (loss)                                                                                                       | $ | (1,156 | ) |   | $ | 5,138 |  |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities:                                |   |   |   |
| Depreciation on premises and equipment                                                                                  | 738 |  |   | 721 |  |
| Accretion on investments available for sale                                                                             | (78 | ) |   | (359 | ) |
| Amortization of intangible assets                                                                                       | 370 |  |   | 246 |  |
| Provision for loan losses                                                                                               | (2,035 | ) |   | 252 |  |
| Accretion of premiums and discounts on acquisitions, net                                                                | (3,857 | ) |   | (16,480 | ) |
| Loss on sale of other real estate owned                                                                                 | 630 |  |   | 941 |  |
| Writedowns of other real estate owned                                                                                   | 6,910 |  |   | 19,140 |  |
| Decrease (increase) in FDIC receivable for covered losses                                                               | 41,085 |  |   | (9,889 | ) |
| Funds collected from FDIC                                                                                               | 58,793 |  |   | 66,643 |  |
| Deferred income taxes                                                                                                   | (17,217 | ) |   | 2,827 |  |
| Proceeds from sales of mortgage loans held for sale                                                                     | 16,641 |  |   | 18,072 |  |
| Originations of mortgage loans held for sale                                                                            | (14,196 | ) |   | (15,647 | ) |
| Gain on available for sale securities                                                                                   | (364 | ) |   | (93 | ) |
| Decrease in prepaid FDIC assessments                                                                                    | 379 |  |   | 325 |  |
| Net change in cash surrender value of insurance                                                                         | (344 | ) |   | (344 | ) |
| Stock based compensation expense                                                                                        | 312 |  |   | 166 |  |
| Accrued income taxes                                                                                                    | 8,816 |  |   | 269 |  |
| Changes in other assets, net                                                                                            | (857 | ) |   | (1,399 | ) |
| Changes in other liabilities, net                                                                                       | (200 | ) |   | 2,364 |  |
| Net cash provided by operating activities                                                                               | 94,370 |  |   | 72,893 |  |
| Cash flows from Investing Activities                                                                                    |   |   |   |
| Purchase of investment securities available-for-sale                                                                    | (75,876 | ) |   | (14,097 | ) |
| Proceeds from sales, calls, maturities and paydowns of investment securities available for sale                         | 27,753 |  |   | 50,740 |  |
| Loans to customers, net of repayments                                                                                   | (39,596 | ) |   | (20,224 | ) |
| Net purchases of premises and equipment                                                                                 | (753 | ) |   | (932 | ) |
| Proceeds from sales of other real estate owned                                                                          | 18,666 |  |   | 14,324 |  |
| Net cash (used in) provided by investing activities                                                                     | (69,806 | ) |   | 29,811 |  |

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| STATE BANK FINANCIAL CORPORATION AND SUBSIDIARIESConsolidated Statement of Cash Flows (Continued)(Unaudited)(Dollars in Thousands) |
|------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                    |  |  |  |  |  |  |  |
|                                                                                                                               | Three Months Ended |
|                                                                                                                               | March 31 |
|                                                                                                                               | 2013 |   | 2012 |
| Cash Flows from Financing Activities                                                                                               |   |   |   |
| Net increase in noninterest-bearing customer deposits                                                                              | 22,267 |  |   | 15,779 |  |
| Net decrease in interest-bearing customer deposits                                                                                 | (22,513 | ) |   | (125,369 | ) |
| Net decrease in federal funds purchased and securities sold under repurchase agreements                                            | (796 | ) |   | (3,328 | ) |
| Issuance of stock                                                                                                                  | 100 |  |   | — |  |
|       Dividends paid to shareholders                                                                 | (957 | ) |   | — |  |
| Net cash used in financing activities                                                                                              | (1,899 | ) |   | (112,918 | ) |
| Net increase (decrease) in cash and cash equivalents                                                                               | 22,665 |  |   | (10,214 | ) |
| Cash and cash equivalents, beginning                                                                                               | 445,385 |  |   | 220,532 |  |
| Cash and cash equivalents, ending                                                                                                  | $ | 468,050 |  |   | $ | 210,318 |  |
| Cash Received During the Period for:                                                                                               |   |   |   |
| Interest income on loans                                                                                                           | $ | 15,233 |  |   | $ | 12,769 |  |
| Cash Paid During the Period for:                                                                                                   |   |   |   |
| Interest expense                                                                                                                   | $ | 1,938 |  |   | $ | 3,180 |  |
| Income taxes                                                                                                                       | $ | 7,505 |  |   | $ | — |  |
| Supplemental Disclosure of Noncash Investing and Financing Activities                                                              |   |   |   |
| Unrealized (losses) gains on securities and derivative financial instruments accounted for as cash flow hedges, net of tax         | $ | (1,579 | ) |   | $ | 5,911 |  |
| Transfers of loans to other real estate owned                                                                                      | $ | 27,706 |  |   | $ | 13,228 |  |

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Table of Contents

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Table of Contents

|                                                  |
|--------------------------------------------------|
|                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                             | March 31, 2013 |   | December 31, 2012 |
|                                             | Amortized Cost |   | Unrealized Gains |   | Unrealized Losses |   | Fair Value |   | Amortized Cost |   | Unrealized Gains |   | Unrealized Losses |   | Fair Value |
|                                             |   |   |   |   |   |   |   |
| Investment Securities Available-for-Sale         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| U.S. Government securities                       | $ | 56,152 |  |   | $ | 1,399 |  |   | $ | 64 |  |   | $ | 57,487 |  |   | $ | 59,101 |  |   | $ | 1,423 |  |   | $ | 16 |  |   | $ | 60,508 |  |
| States and political subdivisions                | 9,523 |  |   | 72 |  |   | — |  |   | 9,595 |  |   | 11,726 |  |   | 406 |  |   | — |  |   | 12,132 |  |
| Residential mortgage-backed securities-nonagency | 126,881 |  |   | 8,597 |  |   | 13 |  |   | 135,465 |  |   | 131,183 |  |   | 8,875 |  |   | 297 |  |   | 139,761 |  |
| Residential mortgage-backed securities-agency    | 69,016 |  |   | 1,057 |  |   | 243 |  |   | 69,830 |  |   | 36,349 |  |   | 1,202 |  |   | 29 |  |   | 37,522 |  |
| Collateralized mortgage obligations              | 77,366 |  |   | 1,331 |  |   | 61 |  |   | 78,636 |  |   | 52,024 |  |   | 1,459 |  |   | — |  |   | 53,483 |  |
| Corporate securities                             | 406 |  |   | 96 |  |   | — |  |   | 502 |  |   | 398 |  |   | 97 |  |   | — |  |   | 495 |  |
| Total investment securities available-for-sale   | $ | 339,344 |  |   | $ | 12,552 |  |   | $ | 381 |  |   | $ | 351,515 |  |   | $ | 290,781 |  |   | $ | 13,462 |  |   | $ | 342 |  |   | $ | 303,901 |  |

|                                                                                                       |
|-------------------------------------------------------------------------------------------------------|
|                                                                                                       |  |  |  |  |  |  |  |
|                                                                                                  | Amortized Cost |   | Fair Value |
|                                                                                                  |   |
| Due within one year                                                                                   | $ | 835 |  |   | $ | 837 |  |
| Due from one year to five years                                                                       | 34,753 |  |   | 35,471 |  |
| Due from five years to ten years                                                                      | 17,134 |  |   | 17,791 |  |
| Due after ten years                                                                                   | 13,359 |  |   | 13,485 |  |
| Residential mortgage-backed securities (nonagency and agency) and collateralized mortgage obligations | 273,263 |  |   | 283,931 |  |
|                                                                                                  | $ | 339,344 |  |   | $ | 351,515 |  |

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Table of Contents

|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                      | Less than 12 Months |   | 12 Months or More |   | Total |
|                                      | Fair Value |   | Unrealized Losses |   | Fair Value |   | Unrealized Losses |   | Fair Value |   | Unrealized Losses |
|                                      |   |   |   |   |   |
| March 31, 2013                       |   |   |   |   |   |   |   |   |   |   |   |
| Investment securities available-for-sale: |   |   |   |   |   |   |   |   |   |   |   |
| U.S. Government securities                | $ | 16,712 |  |   | $ | 64 |  |   | $ | — |  |   | $ | — |  |   | $ | 16,712 |  |   | $ | 64 |  |
| Residential mortgage-backed-nonagency     | — |  |   | — |  |   | 986 |  |   | 13 |  |   | 986 |  |   | 13 |  |
| Residential mortgage-backed-agency        | 16,337 |  |   | 243 |  |   | — |  |   | — |  |   | 16,337 |  |   | 243 |  |
| Collateralized mortgage obligations       | 30,250 |  |   | 61 |  |   | — |  |   | — |  |   | 30,250 |  |   | 61 |  |
| Total                                     | $ | 63,299 |  |   | $ | 368 |  |   | $ | 986,000 |  |   | $ | 13 |  |   | $ | 64,285 |  |   | $ | 381 |  |
|                                      |   |   |   |   |   |   |   |   |   |   |   |
| December 31, 2012                    |   |   |   |   |   |   |   |   |   |   |   |
| Investment securities available-for-sale: |   |   |   |   |   |   |   |   |   |   |   |
| U.S. Government securities                | $ | 10,278 |  |   | $ | 16 |  |   | $ | — |  |   | $ | — |  |   | $ | 10,278 |  |   | $ | 16 |  |
| Residential mortgage-backed-nonagency     | — |  |   | — |  |   | 10,342 |  |   | 297 |  |   | 10,342 |  |   | 297 |  |
| Residential mortgage-backed-agency        | 5,119 |  |   | 29 |  |   | — |  |   | — |  |   | 5,119 |  |   | 29 |  |
| Total                                     | $ | 15,397 |  |   | $ | 45 |  |   | $ | 10,342 |  |   | $ | 297 |  |   | $ | 25,739 |  |   | $ | 342 |  |

----

Table of Contents

|                                                              |
|--------------------------------------------------------------|
|                                                              |  |  |  |  |  |  |  |
|                                                         | Three Months Ended |
|                                                         | March 31 |
|                                                         | 2013 |   | 2012 |
| Proceeds from sales and other redemptions                    | $ | 3,422 |  |   | $ | 10,045 |  |
|                                                         |   |   |   |
| Gross gains on securities available-for-sale                 | $ | 364 |  |   | $ | 93 |  |
| Gross losses on securities available-for-sale                | — |  |   | — |  |
| Net realized gains on sales of securities available-for-sale | $ | 364 |  |   | $ | 93 |  |

|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |  |
|                                      | March 31, 2013 |   | December 31, 2012 |
| Construction, land & land development | $ | 265,055 |  |   | $ | 230,448 |  |
| Other commercial real estate              | 486,287 |  |   | 457,729 |  |
| Total commercial real estate              | 751,342 |  |   | 688,177 |  |
| Commercial & industrial               | 35,944 |  |   | 35,390 |  |
| Owner-occupied real estate                | 176,426 |  |   | 172,445 |  |
| Total commercial & industrial         | 212,370 |  |   | 207,835 |  |
| Residential real estate                   | 45,433 |  |   | 43,179 |  |
| Consumer & other                      | 42,310 |  |   | 46,311 |  |
| Total noncovered loans                    | 1,051,455 |  |   | 985,502 |  |
| Allowance for loan losses                 | (15,122 | ) |   | (14,660 | ) |
| Total noncovered loans, net               | $ | 1,036,333 |  |   | $ | 970,842 |  |

----

Table of Contents

|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |  |
|                                      | March 31, 2013 |   | December 31, 2012 |
| Construction, land & land development | $ | 58,802 |  |   | $ | 81,288 |  |
| Other commercial real estate              | 115,194 |  |   | 139,010 |  |
| Total commercial real estate              | 173,996 |  |   | 220,298 |  |
| Commercial & industrial               | 10,811 |  |   | 14,859 |  |
| Owner-occupied real estate                | 80,239 |  |   | 86,612 |  |
| Total commercial & industrial         | 91,050 |  |   | 101,471 |  |
| Residential real estate                   | 131,254 |  |   | 142,032 |  |
| Consumer & other                      | 531 |  |   | 10,912 |  |
| Total covered loans                       | 396,831 |  |   | 474,713 |  |
| Allowance for loan losses                 | (28,706 | ) |   | (55,478 | ) |
| Total covered loans, net                  | $ | 368,125 |  |   | $ | 419,235 |  |

|                                                                                         |
|-----------------------------------------------------------------------------------------|
|                                                                                         |  |  |  |  |  |  |  |
|                                                                                    | Three Months Ended |
|                                                                                    | March 31 |
|                                                                                    | 2013 |   | 2012 |
| Balance, beginning of period                                                            | $ | 419,235 |  |   | $ | 752,877 |  |
| Accretion of fair value discounts                                                       | 20,636 |  |   | 23,490 |  |
| Reductions in principal balances resulting from repayments, write-offs and foreclosures | (98,518 | ) |   | (43,486 | ) |
| Change in the allowance for loan losses on covered loans                                | 26,772 |  |   | 3,190 |  |
| Balance, end of period                                                                  | $ | 368,125 |  |   | $ | 736,071 |  |

----

Table of Contents

|                                                       |
|-------------------------------------------------------|
|                                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Three Months Ended                                    | Security Bank |   | Buckhead Community Bank |   | First Security National Bank |   | Northwest Bank and Trust |   | United Americas Bank |   | Piedmont Community Bank |   | Community Capital Bank |   | Total |
| March 31, 2013                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, beginning of period                          | $ | 76,975 |  |   | $ | 33,434 |  |   | $ | 1,863 |  |   | $ | 7,945 |  |   | $ | 14,451 |  |   | $ | 23,439 |  |   | $ | 14,697 |  |   | $ | 172,804 |  |
| Accretion                                             | (9,270 | ) |   | (4,083 | ) |   | (301 | ) |   | (701 | ) |   | (1,235 | ) |   | (1,785 | ) |   | (3,261 | ) |   | (20,636 | ) |
| Transfers to accretable discount and exit events, net | 36,192 |  |   | 15,260 |  |   | 554 |  |   | 2,449 |  |   | 153 |  |   | 1,072 |  |   | (3,258 | ) |   | 52,422 |  |
| Balance, end of period                                | $ | 103,897 |  |   | $ | 44,611 |  |   | $ | 2,116 |  |   | $ | 9,693 |  |   | $ | 13,369 |  |   | $ | 22,726 |  |   | $ | 8,178 |  |   | $ | 204,590 |  |

|                                                       |
|-------------------------------------------------------|
|                                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Three Months Ended                                    | Security Bank |   | Buckhead Community Bank |   | First Security National Bank |   | Northwest Bank and Trust |   | United Americas Bank |   | Piedmont Community Bank |   | Community Capital Bank |   | Total |
| March 31, 2012                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, beginning of period                          | $ | 97,164 |  |   | $ | 49,866 |  |   | $ | 6,822 |  |   | $ | 9,532 |  |   | $ | 24,860 |  |   | $ | 18,212 |  |   | $ | 24,241 |  |   | $ | 230,697 |  |
| Accretion                                             | (11,435 | ) |   | (4,675 | ) |   | (556 | ) |   | (2,030 | ) |   | (1,767 | ) |   | (1,556 | ) |   | (1,471 | ) |   | (23,490 | ) |
| Transfers to accretable discount and exit events, net | (16,610 | ) |   | 9,470 |  |   | 2,841 |  |   | (3,761 | ) |   | (3,934 | ) |   | — |  |   | — |  |   | (11,994 | ) |
| Balance, end of period                                | $ | 69,119 |  |   | $ | 54,661 |  |   | $ | 9,107 |  |   | $ | 3,741 |  |   | $ | 19,159 |  |   | $ | 16,656 |  |   | $ | 22,770 |  |   | $ | 195,213 |  |

|                                                                           |
|---------------------------------------------------------------------------|
|                                                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                      | Three Months Ended March 31 |
|                                                                      | 2013 |   | 2012 |
|                                                                      | Noncovered Loans |   | Covered Loans |   | Total |   | Noncovered Loans |   | Covered Loans |   | Total |
|                                                                      |   |   |   |   |   |
| Balance, beginning of period                                              | $ | 14,660 |  |   | $ | 55,478 |  |   | $ | 70,138 |  |   | $ | 10,207 |  |   | $ | 59,277 |  |   | $ | 69,484 |  |
| Loans charged-off                                                         | (12 | ) |   | (11,216 | ) |   | (11,228 | ) |   | (65 | ) |   | (3,369 | ) |   | (3,434 | ) |
| Recoveries of loans previously charged off                                | 124 |  |   | 7,009 |  |   | 7,133 |  |   | 4 |  |   | 6,554 |  |   | 6,558 |  |
| Net (charge-offs) recoveries                                              | 112 |  |   | (4,207 | ) |   | (4,095 | ) |   | (61 | ) |   | 3,185 |  |   | 3,124 |  |
| Provision for loan losses                                                 | 350 |  |   | (22,565 | ) |   | (22,215 | ) |   | 1,535 |  |   | (6,375 | ) |   | (4,840 | ) |
| Amount attributable to FDIC loss share agreements                         | — |  |   | 20,180 |  |   | 20,180 |  |   | — |  |   | 5,092 |  |   | 5,092 |  |
| Total provision for loan losses charged to operations                     | 350 |  |   | (2,385 | ) |   | (2,035 | ) |   | 1,535 |  |   | (1,283 | ) |   | 252 |  |
| Provision for loan losses recorded through the FDIC loss share receivable | — |  |   | (20,180 | ) |   | (20,180 | ) |   | — |  |   | (5,092 | ) |   | (5,092 | ) |
| Balance, end of period                                                    | $ | 15,122 |  |   | $ | 28,706 |  |   | $ | 43,828 |  |   | $ | 11,681 |  |   | $ | 56,087 |  |   | $ | 67,768 |  |

----

Table of Contents

|                                             |
|---------------------------------------------|
|                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                        | Commercial Real Estate |   | Commercial & Industrial |   | Residential Real Estate |   | Consumer & Other |   | Total |
| Three Months Ended                          |   |   |   |   |
| March 31, 2013                         |   |   |   |   |   |   |   |   |   |
| Allowance for loan losses:                  |   |   |   |   |   |   |   |   |   |
| Beginning balance                           | $ | 9,495 |  |   | $ | 3,103 |  |   | $ | 1,050 |  |   | $ | 1,012 |  |   | $ | 14,660 |  |
| Charge-offs                                 | (1 | ) |   | (10 | ) |   | — |  |   | (1 | ) |   | (12 | ) |
| Recoveries                                  | 114 |  |   | 5 |  |   | 1 |  |   | 4 |  |   | 124 |  |
| Provision                                   | 469 |  |   | 334 |  |   | (79 | ) |   | (374 | ) |   | 350 |  |
| Ending balance                              | $ | 10,077 |  |   | $ | 3,432 |  |   | $ | 972 |  |   | $ | 641 |  |   | $ | 15,122 |  |
| Ending allowance attributable to loans:     |   |   |   |   |   |   |   |   |   |
| Individually evaluated for impairment       | $ | 867 |  |   | $ | 337 |  |   | $ | 361 |  |   | $ | 25 |  |   | $ | 1,590 |  |
| Collectively evaluated for impairment       | 9,210 |  |   | 3,095 |  |   | 611 |  |   | 616 |  |   | 13,532 |  |
| Total ending allowance balance              | $ | 10,077 |  |   | $ | 3,432 |  |   | $ | 972 |  |   | $ | 641 |  |   | $ | 15,122 |  |
|                                        |   |   |   |   |   |   |   |   |   |
| Loans:                                      |   |   |   |   |   |   |   |   |   |
| Loans individually evaluated for impairment | $ | 2,266 |  |   | $ | 673 |  |   | $ | 1,393 |  |   | $ | 51 |  |   | $ | 4,383 |  |
| Loans collectively evaluated for impairment | 749,076 |  |   | 211,697 |  |   | 44,040 |  |   | 42,259 |  |   | 1,047,072 |  |
| Total loans                                 | $ | 751,342 |  |   | $ | 212,370 |  |   | $ | 45,433 |  |   | $ | 42,310 |  |   | $ | 1,051,455 |  |
|                                        |   |   |   |   |   |   |   |   |   |
|                                        | Commercial Real Estate |   | Commercial & Industrial |   | Residential Real Estate |   | Consumer & Other |   | Total |
| Three Months Ended                          |   |   |   |   |
| March 31, 2012                         |   |   |   |   |   |   |   |   |   |
| Allowance for loan losses:                  |   |   |   |   |   |   |   |   |   |
| Beginning balance                           | $ | 6,470 |  |   | $ | 2,848 |  |   | $ | 561 |  |   | $ | 328 |  |   | $ | 10,207 |  |
| Charge-offs                                 | (47 | ) |   | — |  |   | (8 | ) |   | (10 | ) |   | (65 | ) |
| Recoveries                                  | — |  |   | — |  |   | — |  |   | 4 |  |   | 4 |  |
| Provision                                   | 800 |  |   | 718 |  |   | 33 |  |   | (16 | ) |   | 1,535 |  |
| Ending balance                              | $ | 7,223 |  |   | $ | 3,566 |  |   | $ | 586 |  |   | $ | 306 |  |   | $ | 11,681 |  |
| Ending allowance attributable to loans:     |   |   |   |   |   |   |   |   |   |
| Individually evaluated for impairment       | $ | 915 |  |   | $ | 346 |  |   | $ | 157 |  |   | $ | 45 |  |   | $ | 1,463 |  |
| Collectively evaluated for impairment       | 6,308 |  |   | 3,220 |  |   | 429 |  |   | 261 |  |   | 10,218 |  |
| Total ending allowance balance              | $ | 7,223 |  |   | $ | 3,566 |  |   | $ | 586 |  |   | $ | 306 |  |   | $ | 11,681 |  |
|                                        |   |   |   |   |   |   |   |   |   |
| Loans:                                      |   |   |   |   |   |   |   |   |   |
| Loans individually evaluated for impairment | $ | 2,743 |  |   | $ | 694 |  |   | $ | 369 |  |   | $ | 90 |  |   | $ | 3,896 |  |
| Loans collectively evaluated for impairment | 517,002 |  |   | 179,010 |  |   | 33,602 |  |   | 21,125 |  |   | 750,739 |  |
| Total loans                                 | $ | 519,745 |  |   | $ | 179,704 |  |   | $ | 33,971 |  |   | $ | 21,215 |  |   | $ | 754,635 |  |

----

Table of Contents

|                                             |
|---------------------------------------------|
|                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                        | Commercial Real Estate |   | Commercial & Industrial |   | Residential Real Estate |   | Consumer & Other |   | Total |
| Year Ended                                  |   |   |   |   |
| December 31, 2012                           |   |   |   |   |   |   |   |   |   |
| Ending allowance attributable to loans:     |   |   |   |   |   |   |   |   |   |
| Individually evaluated for impairment       | $ | 743 |  |   | $ | 217 |  |   | $ | 359 |  |   | $ | 17 |  |   | $ | 1,336 |  |
| Collectively evaluated for impairment       | 8,752 |  |   | 2,886 |  |   | 691 |  |   | 995 |  |   | 13,324 |  |
| Total ending allowance balance              | $ | 9,495 |  |   | $ | 3,103 |  |   | $ | 1,050 |  |   | $ | 1,012 |  |   | $ | 14,660 |  |
|                                        |   |   |   |   |   |   |   |   |   |
| Loans:                                      |   |   |   |   |   |   |   |   |   |
| Loans individually evaluated for impairment | $ | 2,864 |  |   | $ | 493 |  |   | $ | 1,402 |  |   | $ | 33 |  |   | $ | 4,792 |  |
| Loans collectively evaluated for impairment | 685,313 |  |   | 207,342 |  |   | 41,777 |  |   | 46,278 |  |   | 980,710 |  |
| Total loans                                 | $ | 688,177 |  |   | $ | 207,835 |  |   | $ | 43,179 |  |   | $ | 46,311 |  |   | $ | 985,502 |  |

|                                                                                     |
|-------------------------------------------------------------------------------------|
|                                                                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                | Commercial Real Estate |   | Commercial & Industrial |   | Residential Real Estate |   | Consumer & Other |   | Total |
| Three Months Ended                                                                  |   |   |   |   |
| March 31, 2013                                                                 |   |   |   |   |   |   |   |   |   |
| Allowance for loan losses:                                                          |   |   |   |   |   |   |   |   |   |
| Beginning balance                                                                   | $ | 32,642 |  |   | $ | 993 |  |   | $ | 21,189 |  |   | $ | 654 |  |   | $ | 55,478 |  |
| Charge-offs                                                                         | (9,167 | ) |   | (1,399 | ) |   | (455 | ) |   | (195 | ) |   | (11,216 | ) |
| Recoveries                                                                          | 3,231 |  |   | 2,291 |  |   | 1,487 |  |   | — |  |   | 7,009 |  |
| Provision for loan losses before benefit attributable to FDIC loss share agreements | (13,096 | ) |   | 3,454 |  |   | (12,932 | ) |   | 9 |  |   | (22,565 | ) |
| Amount attributable to FDIC loss share agreements                                   | 11,787 |  |   | (3,237 | ) |   | 11,639 |  |   | (9 | ) |   | 20,180 |  |
| Total provision for loan losses charged to operations                               | (1,309 | ) |   | 217 |  |   | (1,293 | ) |   | — |  |   | (2,385 | ) |
| Provision for loan losses recorded through the FDIC loss share receivable           | (11,787 | ) |   | 3,237 |  |   | (11,639 | ) |   | 9 |  |   | (20,180 | ) |
| Ending balance                                                                      | $ | 13,610 |  |   | $ | 5,339 |  |   | $ | 9,289 |  |   | $ | 468 |  |   | $ | 28,706 |  |
| Ending allowance attributable to loans:                                             |   |   |   |   |   |   |   |   |   |
| Individually evaluated for impairment                                               | $ | 13,182 |  |   | $ | 4,189 |  |   | $ | 4,114 |  |   | $ | 459 |  |   | $ | 21,944 |  |
| Collectively evaluated for impairment                                               | 428 |  |   | 1,150 |  |   | 5,175 |  |   | 9 |  |   | 6.762 |  |
| Total ending allowance balance                                                      | $ | 13,610 |  |   | $ | 5,339 |  |   | $ | 9,289 |  |   | $ | 468 |  |   | $ | 28,706 |  |
|                                                                                |   |   |   |   |   |   |   |   |   |
| Loans:                                                                              |   |   |   |   |   |   |   |   |   |
| Loans individually evaluated for impairment                                         | $ | 84,091 |  |   | $ | 22,303 |  |   | $ | 15,634 |  |   | $ | 291 |  |   | $ | 122,319 |  |
| Loans collectively evaluated for impairment                                         | 89,905 |  |   | 68,747 |  |   | 115,620 |  |   | 240 |  |   | 274,512 |  |
| Total loans                                                                         | $ | 173,996 |  |   | $ | 91,050 |  |   | $ | 131,254 |  |   | $ | 531 |  |   | $ | 396,831 |  |

----

Table of Contents

|                                                                                     |
|-------------------------------------------------------------------------------------|
|                                                                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                | Commercial Real Estate |   | Commercial & Industrial |   | Residential Real Estate |   | Consumer & Other |   | Total |
| Three Months Ended                                                                  |   |   |   |   |
| March 31, 2012                                                                 |   |   |   |   |   |   |   |   |   |
| Allowance for loan losses:                                                          |   |   |   |   |   |   |   |   |   |
| Beginning balance                                                                   | $ | 37,332 |  |   | $ | 7,573 |  |   | $ | 14,372 |  |   | $ | — |  |   | $ | 59,277 |  |
| Charge-offs                                                                         | (3,362 | ) |   | — |  |   | (7 | ) |   | — |  |   | (3,369 | ) |
| Recoveries                                                                          | 6,356 |  |   | 31 |  |   | 167 |  |   | — |  |   | 6,554 |  |
| Provision for loan losses before benefit attributable to FDIC loss share agreements | (3,647 | ) |   | (2,400 | ) |   | (568 | ) |   | 240 |  |   | (6,375 | ) |
| Amount attributable to FDIC loss share agreements                                   | 2,913 |  |   | 1,917 |  |   | 454 |  |   | (192 | ) |   | 5,092 |  |
| Total provision for loan losses charged to operations                               | (734 | ) |   | (483 | ) |   | (114 | ) |   | 48 |  |   | (1,283 | ) |
| Provision for loan losses recorded through the FDIC loss share receivable           | (2,913 | ) |   | (1,917 | ) |   | (454 | ) |   | 192 |  |   | (5,092 | ) |
| Ending balance                                                                      | $ | 36,679 |  |   | $ | 5,204 |  |   | $ | 13,964 |  |   | $ | 240 |  |   | $ | 56,087 |  |
| Ending allowance attributable to loans:                                             |   |   |   |   |   |   |   |   |   |
| Individually evaluated for impairment                                               | $ | 30,577 |  |   | $ | 2,925 |  |   | $ | 3,939 |  |   | $ | 202 |  |   | $ | 37,643 |  |
| Collectively evaluated for impairment                                               | 6,102 |  |   | 2,279 |  |   | 10,025 |  |   | 38 |  |   | 18,444 |  |
| Total ending allowance balance                                                      | $ | 36,679 |  |   | $ | 5,204 |  |   | $ | 13,964 |  |   | $ | 240 |  |   | $ | 56,087 |  |
|                                                                                |   |   |   |   |   |   |   |   |   |
| Loans:                                                                              |   |   |   |   |   |   |   |   |   |
| Loans individually evaluated for impairment                                         | $ | 177,874 |  |   | $ | 22,769 |  |   | $ | 17,942 |  |   | $ | 10,481 |  |   | $ | 229,066 |  |
| Loans collectively evaluated for impairment                                         | 242,579 |  |   | 149,040 |  |   | 165,232 |  |   | 6,241 |  |   | 563,092 |  |
| Total loans                                                                         | $ | 420,453 |  |   | $ | 171,809 |  |   | $ | 183,174 |  |   | $ | 16,722 |  |   | $ | 792,158 |  |
|                                                                                |   |   |   |   |   |   |   |   |   |
|                                                                                | Commercial Real Estate |   | Commercial & Industrial |   | Residential Real Estate |   | Consumer & Other |   | Total |
| Year Ended                                                                          |   |   |   |   |
| December 31, 2012                                                              |   |   |   |   |   |   |   |   |   |
| Ending allowance attributable to loans:                                             |   |   |   |   |   |   |   |   |   |
| Individually evaluated for impairment                                               | $ | 17,251 |  |   | $ | 5,117 |  |   | $ | 4,476 |  |   | $ | 654 |  |   | $ | 27,498 |  |
| Collectively evaluated for impairment                                               | 15,391 |  |   | (4,124 | ) |   | 16,713 |  |   | — |  |   | 27,980 |  |
| Total ending allowance balance                                                      | $ | 32,642 |  |   | $ | 993 |  |   | $ | 21,189 |  |   | $ | 654 |  |   | $ | 55,478 |  |
|                                                                                |   |   |   |   |   |   |   |   |   |
| Loans:                                                                              |   |   |   |   |   |   |   |   |   |
| Loans individually evaluated for impairment                                         | $ | 102,844 |  |   | $ | 22,603 |  |   | $ | 13,760 |  |   | $ | 10,535 |  |   | $ | 149,742 |  |
| Loans collectively evaluated for impairment                                         | 117,454 |  |   | 78,868 |  |   | 128,272 |  |   | 377 |  |   | 324,971 |  |
| Total loans                                                                         | $ | 220,298 |  |   | $ | 101,471 |  |   | $ | 142,032 |  |   | $ | 10,912 |  |   | $ | 474,713 |  |

----

Table of Contents

|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                      | Unpaid Principal Balance |   | Recorded Investment |   | Related Allowance |   | Average Recorded Investment(1) |   | Interest Income Recognized(2) |
|                                      |   |   |   |   |
| Impaired loans:                           |   |   |   |   |   |   |   |   |   |
| With no related allowance recorded:       |   |   |   |   |   |   |   |   |   |
| Construction, land & land development | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| Other commercial real estate              | 532 |  |   | 532 |  |   | — |  |   | 679 |  |   | — |  |
| Total commercial real estate              | 532 |  |   | 532 |  |   | — |  |   | 679 |  |   | — |  |
| Commercial & industrial               | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Owner-occupied real estate                | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Total commercial & industrial         | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Residential real estate                   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Consumer & other                      | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Subtotal                                  | 532 |  |   | 532 |  |   | — |  |   | 679 |  |   | — |  |
| With related allowance recorded:          |   |   |   |   |   |   |   |   |   |
| Construction, land & land development | 904 |  |   | 322 |  |   | 161 |  |   | 327 |  |   | — |  |
| Other commercial real estate              | 1,621 |  |   | 1,412 |  |   | 706 |  |   | 1,038 |  |   | — |  |
| Total commercial real estate              | 2,525 |  |   | 1,734 |  |   | 867 |  |   | 1,365 |  |   | — |  |
| Commercial & industrial               | 386 |  |   | 386 |  |   | 193 |  |   | 417 |  |   | — |  |
| Owner-occupied real estate                | 293 |  |   | 287 |  |   | 144 |  |   | 350 |  |   | — |  |
| Total commercial & industrial         | 679 |  |   | 673 |  |   | 337 |  |   | 767 |  |   | — |  |
| Residential real estate                   | 1,454 |  |   | 1,393 |  |   | 361 |  |   | 1,398 |  |   | 1 |  |
| Consumer & other                      | 53 |  |   | 51 |  |   | 25 |  |   | 54 |  |   | — |  |
| Subtotal                                  | 4,711 |  |   | 3,851 |  |   | 1,590 |  |   | 3,584 |  |   | 1 |  |
| Total impaired loans                      | $ | 5,243 |  |   | $ | 4,383 |  |   | $ | 1,590 |  |   | $ | 4,263 |  |   | $ | 1 |  |

----

Table of Contents

|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                      | Unpaid Principal Balance |   | Recorded Investment |   | Related Allowance |   | Average Recorded Investment (1) |   | Interest Income Recognized (1) |
|                                      |   |   |   |   |
| Impaired loans:                           |   |   |   |   |   |   |   |   |   |
| With no related allowance recorded:       |   |   |   |   |   |   |   |   |   |
| Construction, land & land development | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| Other commercial real estate              | 826 |  |   | 550 |  |   | — |  |   | 584 |  |   | — |  |
| Total commercial real estate              | 826 |  |   | 550 |  |   | — |  |   | 584 |  |   | — |  |
| Commercial & industrial               | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Owner-occupied real estate                | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Total commercial & industrial         | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Residential real estate                   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Consumer & other                      | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Subtotal                                  | 826 |  |   | 550 |  |   | — |  |   | 584 |  |   | — |  |
| With related allowance recorded:          |   |   |   |   |   |   |   |   |   |
| Construction, land & land development | 756 |  |   | 331 |  |   | 166 |  |   | 350 |  |   | — |  |
| Other commercial real estate              | 2,325 |  |   | 1,983 |  |   | 577 |  |   | 2,618 |  |   | 55 |  |
| Total commercial real estate              | 3,081 |  |   | 2,314 |  |   | 743 |  |   | 2,968 |  |   | 55 |  |
| Commercial & industrial               | 367 |  |   | 326 |  |   | 163 |  |   | 197 |  |   | — |  |
| Owner-occupied real estate                | 167 |  |   | 167 |  |   | 54 |  |   | 112 |  |   | 1 |  |
| Total commercial & industrial         | 534 |  |   | 493 |  |   | 217 |  |   | 309 |  |   | 1 |  |
| Residential real estate                   | 1,464 |  |   | 1,402 |  |   | 359 |  |   | 1,301 |  |   | 23 |  |
| Consumer & other                      | 33 |  |   | 33 |  |   | 17 |  |   | 43 |  |   | 1 |  |
| Subtotal                                  | 5,112 |  |   | 4,242 |  |   | 1,336 |  |   | 4,621 |  |   | 80 |  |
| Total impaired loans                      | $ | 5,938 |  |   | $ | 4,792 |  |   | $ | 1,336 |  |   | $ | 5,205 |  |   | $ | 80 |  |

|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |  |
|                                      | March 31, 2013 |   | December 31, 2012 |
| Construction, land & land development | $ | 322 |  |   | $ | 331 |  |
| Other commercial real estate              | 1,944 |  |   | 1,350 |  |
| Total commercial real estate              | 2,266 |  |   | 1,681 |  |
| Commercial & industrial               | 386 |  |   | 326 |  |
| Owner-occupied real estate                | 287 |  |   | 167 |  |
| Total commercial & industrial         | 673 |  |   | 493 |  |
| Residential real estate                   | 1,318 |  |   | 1,326 |  |
| Consumer & other                      | 51 |  |   | 33 |  |
| Total                                     | $ | 4,308 |  |   | $ | 3,533 |  |

----

Table of Contents

|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                      | 30 - 89Days Past Due |   | 90 Days orgreaterPast Due |   | Total Past Due |   | Current |   | Total Loans |   | Loans > 90Days andAccruing |
| Construction, land & land development | $ | 38 |  |   | $ | 188 |  |   | $ | 226 |  |   | $ | 264,829 |  |   | $ | 265,055 |  |   | $ | — |  |
| Other commercial real estate              | — |  |   | 1,203 |  |   | 1,203 |  |   | 485,084 |  |   | 486,287 |  |   | — |  |
| Total commercial real estate              | 38 |  |   | 1,391 |  |   | 1,429 |  |   | 749,913 |  |   | 751,342 |  |   | — |  |
| Commercial & industrial               | 30 |  |   | 201 |  |   | 231 |  |   | 35,713 |  |   | 35,944 |  |   | — |  |
| Owner-occupied real estate                | — |  |   | 286 |  |   | 286 |  |   | 176,140 |  |   | 176,426 |  |   | — |  |
| Total commercial & industrial         | 30 |  |   | 487 |  |   | 517 |  |   | 211,853 |  |   | 212,370 |  |   | — |  |
| Residential real estate                   | 86 |  |   | 338 |  |   | 424 |  |   | 45,009 |  |   | 45,433 |  |   | — |  |
| Consumer & other                      | 166 |  |   | 33 |  |   | 199 |  |   | 42,111 |  |   | 42,310 |  |   | — |  |
| Total                                     | $ | 320 |  |   | $ | 2,249 |  |   | $ | 2,569 |  |   | $ | 1,048,886 |  |   | $ | 1,051,455 |  |   | $ | — |  |

|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                      | 30 - 89Days Past Due |   | 90 Days orgreaterPast Due |   | Total Past Due |   | Current |   | Total Loans |   | Loans > 90Days andAccruing |
| Construction, land & land development | $ | 44 |  |   | $ | 324 |  |   | $ | 368 |  |   | $ | 230,080 |  |   | $ | 230,448 |  |   | $ | — |  |
| Other commercial real estate              | 1,298 |  |   | 763 |  |   | 2,061 |  |   | 455,668 |  |   | 457,729 |  |   | — |  |
| Total commercial real estate              | 1,342 |  |   | 1,087 |  |   | 2,429 |  |   | 685,748 |  |   | 688,177 |  |   | — |  |
| Commercial & industrial               | — |  |   | 277 |  |   | 277 |  |   | 35,113 |  |   | 35,390 |  |   | — |  |
| Owner-occupied real estate                | 100 |  |   | 167 |  |   | 267 |  |   | 172,178 |  |   | 172,445 |  |   | — |  |
| Total commercial & industrial         | 100 |  |   | 444 |  |   | 544 |  |   | 207,291 |  |   | 207,835 |  |   | — |  |
| Residential real estate                   | 81 |  |   | 346 |  |   | 427 |  |   | 42,752 |  |   | 43,179 |  |   | — |  |
| Consumer & other                      | 243 |  |   | 14 |  |   | 257 |  |   | 46,054 |  |   | 46,311 |  |   | — |  |
| Total                                     | $ | 1,766 |  |   | $ | 1,891 |  |   | $ | 3,657 |  |   | $ | 981,845 |  |   | $ | 985,502 |  |   | $ | — |  |

----

Table of Contents

|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                      | 30 - 89Days Past Due |   | 90 Days orgreaterPast Due |   | Total Past Due |   | Current |   | Total Loans |
| Construction, land & land development | $ | 20 |  |   | $ | 39,918 |  |   | $ | 39,938 |  |   | $ | 18,864 |  |   | $ | 58,802 |  |
| Other commercial real estate              | 1,659 |  |   | 28,772 |  |   | 30,431 |  |   | 84,763 |  |   | 115,194 |  |
| Total commercial real estate              | 1,679 |  |   | 68,690 |  |   | 70,369 |  |   | 103,627 |  |   | 173,996 |  |
| Commercial & industrial               | 247 |  |   | 2,208 |  |   | 2,455 |  |   | 8,356 |  |   | 10,811 |  |
| Owner-occupied real estate                | 2,586 |  |   | 19,363 |  |   | 21,949 |  |   | 58,290 |  |   | 80,239 |  |
| Total commercial & industrial         | 2,833 |  |   | 21,571 |  |   | 24,404 |  |   | 66,646 |  |   | 91,050 |  |
| Residential real estate                   | 5,655 |  |   | 22,591 |  |   | 28,246 |  |   | 103,008 |  |   | 131,254 |  |
| Consumer & other                      | 16 |  |   | 28 |  |   | 44 |  |   | 487 |  |   | 531 |  |
| Total                                     | $ | 10,183 |  |   | $ | 112,880 |  |   | $ | 123,063 |  |   | $ | 273,768 |  |   | $ | 396,831 |  |

|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                      | 30 - 89Days Past Due |   | 90 Days orgreaterPast Due |   | Total Past Due |   | Current |   | Total Loans |
| Construction, land & land development | $ | 1,628 |  |   | $ | 58,104 |  |   | $ | 59,732 |  |   | $ | 21,556 |  |   | $ | 81,288 |  |
| Other commercial real estate              | 7,297 |  |   | 49,505 |  |   | 56,802 |  |   | 82,208 |  |   | 139,010 |  |
| Total commercial real estate              | 8,925 |  |   | 107,609 |  |   | 116,534 |  |   | 103,764 |  |   | 220,298 |  |
| Commercial & industrial               | 905 |  |   | 4,414 |  |   | 5,319 |  |   | 9,540 |  |   | 14,859 |  |
| Owner-occupied real estate                | 7,421 |  |   | 19,288 |  |   | 26,709 |  |   | 59,903 |  |   | 86,612 |  |
| Total commercial & industrial         | 8,326 |  |   | 23,702 |  |   | 32,028 |  |   | 69,443 |  |   | 101,471 |  |
| Residential real estate                   | 10,173 |  |   | 25,319 |  |   | 35,492 |  |   | 106,540 |  |   | 142,032 |  |
| Consumer & other                      | 10,375 |  |   | 477 |  |   | 10,852 |  |   | 60 |  |   | 10,912 |  |
| Total                                     | $ | 37,799 |  |   | $ | 157,107 |  |   | $ | 194,906 |  |   | $ | 279,807 |  |   | $ | 474,713 |  |

----

Table of Contents

|             |
|-------------|
|             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|        | Construction, Land &Land Development |   | Other Commercial Real Estate |   | Commercial &Industrial |   | Owner-OccupiedReal Estate |   | ResidentialReal Estate |   | Consumer & Other |   | Total |
| Pass        | $ | 190,273 |  |   | $ | 456,897 |  |   | $ | 32,946 |  |   | $ | 148,335 |  |   | $ | 37,848 |  |   | $ | 41,965 |  |   | $ | 908,264 |  |
| Watch       | 69,545 |  |   | 26,962 |  |   | 1,992 |  |   | 25,065 |  |   | 5,610 |  |   | 174 |  |   | 129,348 |  |
| OAEM        | 4,973 |  |   | 493 |  |   | 118 |  |   | 367 |  |   | 54 |  |   | 2 |  |   | 6,007 |  |
| Substandard | 264 |  |   | 1,935 |  |   | 888 |  |   | 2,659 |  |   | 1,921 |  |   | 169 |  |   | 7,836 |  |
| Doubtful    | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Total       | $ | 265,055 |  |   | $ | 486,287 |  |   | $ | 35,944 |  |   | $ | 176,426 |  |   | $ | 45,433 |  |   | $ | 42,310 |  |   | $ | 1,051,455 |  |

|             |
|-------------|
|             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|        | Construction, Land &Land Development |   | Other Commercial Real Estate |   | Commercial &Industrial |   | Owner-OccupiedReal Estate |   | ResidentialReal Estate |   | Consumer & Other |   | Total |
| Pass        | $ | 157,955 |  |   | $ | 425,893 |  |   | $ | 33,097 |  |   | $ | 154,729 |  |   | $ | 36,039 |  |   | $ | 45,901 |  |   | $ | 853,614 |  |
| Watch       | 65,540 |  |   | 28,259 |  |   | 1,789 |  |   | 17,243 |  |   | 5,403 |  |   | 246 |  |   | 118,480 |  |
| OAEM        | 6,579 |  |   | 300 |  |   | 30 |  |   | 237 |  |   | 73 |  |   | 26 |  |   | 7,245 |  |
| Substandard | 374 |  |   | 3,277 |  |   | 474 |  |   | 236 |  |   | 1,664 |  |   | 138 |  |   | 6,163 |  |
| Doubtful    | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Total       | $ | 230,448 |  |   | $ | 457,729 |  |   | $ | 35,390 |  |   | $ | 172,445 |  |   | $ | 43,179 |  |   | $ | 46,311 |  |   | $ | 985,502 |  |

|             |
|-------------|
|             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|        | Construction, Land &Land Development |   | Other Commercial Real Estate |   | Commercial &Industrial |   | Owner-OccupiedReal Estate |   | ResidentialReal Estate |   | Consumer & Other |   | Total |
| Pass        | $ | 5,995 |  |   | $ | 18,389 |  |   | $ | 3,888 |  |   | $ | 25,104 |  |   | $ | 53,972 |  |   | $ | 397 |  |   | $ | 107,745 |  |
| Watch       | 4,131 |  |   | 16,231 |  |   | 927 |  |   | 15,899 |  |   | 18,296 |  |   | 116 |  |   | 55,600 |  |
| OAEM        | 228 |  |   | 26,386 |  |   | 2,213 |  |   | 7,451 |  |   | 3,345 |  |   | 5 |  |   | 39,628 |  |
| Substandard | 47,447 |  |   | 53,817 |  |   | 3,435 |  |   | 31,445 |  |   | 55,419 |  |   | 2 |  |   | 191,565 |  |
| Doubtful    | 1,001 |  |   | 371 |  |   | 348 |  |   | 340 |  |   | 222 |  |   | 11 |  |   | 2,293 |  |
| Total       | $ | 58,802 |  |   | $ | 115,194 |  |   | $ | 10,811 |  |   | $ | 80,239 |  |   | $ | 131,254 |  |   | $ | 531 |  |   | $ | 396,831 |  |

----

Table of Contents

|             |
|-------------|
|             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|        | Construction, Land &Land Development |   | Other Commercial Real Estate |   | Commercial &Industrial |   | Owner-OccupiedReal Estate |   | ResidentialReal Estate |   | Consumer & Other |   | Total |
| Pass        | $ | 7,219 |  |   | $ | 20,243 |  |   | $ | 4,686 |  |   | $ | 31,824 |  |   | $ | 58,414 |  |   | $ | 380 |  |   | $ | 122,766 |  |
| Watch       | 8,482 |  |   | 20,363 |  |   | 1,231 |  |   | 16,633 |  |   | 17,975 |  |   | 159 |  |   | 64,843 |  |
| OAEM        | 718 |  |   | 23,121 |  |   | 789 |  |   | 10,063 |  |   | 5,708 |  |   | 8 |  |   | 40,407 |  |
| Substandard | 64,869 |  |   | 75,283 |  |   | 4,045 |  |   | 28,092 |  |   | 54,681 |  |   | 9,960 |  |   | 236,930 |  |
| Doubtful    | — |  |   | — |  |   | 4,108 |  |   | — |  |   | 5,254 |  |   | 405 |  |   | 9,767 |  |
| Total       | $ | 81,288 |  |   | $ | 139,010 |  |   | $ | 14,859 |  |   | $ | 86,612 |  |   | $ | 142,032 |  |   | $ | 10,912 |  |   | $ | 474,713 |  |

|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                      | March 31, 2013 |   | March 31, 2012 |
|                                      | Number of Contracts |   | Pre-Modification Outstanding Recorded Investment |   | Post-Modification Outstanding Recorded Investment |   | Number of Contracts |   | Pre-Modification Outstanding Recorded Investment |   | Post-Modification Outstanding Recorded Investment |
| Troubled Debt Restructurings              |   |   |   |   |   |   |   |   |   |   |   |
| Construction, land & land development | 1 |  |   | $ | 7 |  |   | $ | 7 |  |   | — |  |   | $ | — |  |   | $ | — |  |
| Other commercial real estate              | — |  |   | — |  |   | — |  |   | 1 |  |   | 256 |  |   | 256 |  |
| Total commercial real estate              | 1 |  |   | 7 |  |   | 7 |  |   | 1 |  |   | 256 |  |   | 256 |  |
| Commercial & industrial               | 1 |  |   | 4 |  |   | 4 |  |   | — |  |   | — |  |   | — |  |
| Owner-occupied real estate                | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Total commercial & industrial         | 1 |  |   | 4 |  |   | 4 |  |   | — |  |   | — |  |   | — |  |
| Residential real estate                   | 2 |  |   | 959 |  |   | 959 |  |   | 1 |  |   | 79 |  |   | 79 |  |
| Consumer & Other                      | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Total Loans                               | 4 |  |   | $ | 970 |  |   | $ | 970 |  |   | 2 |  |   | $ | 335 |  |   | $ | 335 |  |

----

Table of Contents

|                                                                    |
|--------------------------------------------------------------------|
|                                                                    |  |  |  |  |  |  |  |
|                                                               | Three Months Ended |
|                                                               | March 31 |
| Noncovered other real estate owned                  | 2013 |   | 2012 |
| Balance, beginning of period                                       | $ | 1,115 |  |   | $ | 1,210 |  |
| Other real estate acquired through foreclosure of loans receivable | — |  |   | — |  |
| Other real estate sold                                             | (763 | ) |   | (164 | ) |
| Write down of other real estate                                    | (76 | ) |   | (89 | ) |
| Balance, end of period                                             | $ | 276 |  |   | $ | 957 |  |
|                                                               |   |   |   |
|                                                               | Three Months Ended |
|                                                               | March 31 |
| Covered other real estate owned                     | 2013 |   | 2012 |
| Balance, beginning of period                                       | $ | 45,062 |  |   | $ | 84,496 |  |
| Other real estate acquired through foreclosure of loans receivable | 27,706 |  |   | 13,228 |  |
| Other real estate sold                                             | (18,533 | ) |   | (15,101 | ) |
| Write down of other real estate                                    | (6,834 | ) |   | (19,051 | ) |
| Balance, end of period                                             | $ | 47,401 |  |   | $ | 63,572 |  |

----

Table of Contents

|                                                                                |
|--------------------------------------------------------------------------------|
|                                                                                |  |  |  |  |  |  |  |
|                                                                           | Three Months Ended |
|                                                                           | March 31, |
|                                                                           | 2013 |   | 2012 |
| Fair value of FDIC receivable for loss share agreements at beginning of period | $ | 355,325 |  |   | $ | 528,499 |  |
| Amount attributable to FDIC for loss share agreements                          | (20,180 | ) |   | (5,092 | ) |
| Wires received                                                                 | (58,794 | ) |   | (66,643 | ) |
| Net charge-offs, write-downs and other losses                                  | (4,674 | ) |   | 8,719 |  |
| Amortization                                                                   | (16,779 | ) |   | (7,010 | ) |
| External expenses qualifying under loss share agreements                       | 3,950 |  |   | 1,170 |  |
| Balance, end of period                                                         | $ | 258,848 |  |   | $ | 459,643 |  |

|                                                                                |
|--------------------------------------------------------------------------------|
|                                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                           |   |   | Buckhead Community Bank |   | First Security National Bank |   | Northwest Bank and Trust Company |   | United Americas Bank |   | Piedmont Community Bank |   | Community Capital Bank |   |   |
|                                                                           | Security Bank |   |   |   |   |   |   |   | Total |
| Fair value of FDIC receivable for loss share agreements at beginning of period | $ | 136,333 |  |   | $ | 82,613 |  |   | $ | 5,395 |  |   | $ | 12,349 |  |   | $ | 54,230 |  |   | $ | 31,273 |  |   | $ | 33,132 |  |   | $ | 355,325 |  |
| Amount attributable for FDIC loss share agreements                             | (13,817 | ) |   | (5,369 | ) |   | (536 | ) |   | (157 | ) |   | (1,578 | ) |   | (247 | ) |   | 1,524 |  |   | (20,180 | ) |
| Wires received                                                                 | (22,346 | ) |   | (11,165 | ) |   | (1,349 | ) |   | (2,038 | ) |   | (6,315 | ) |   | (9,245 | ) |   | (6,336 | ) |   | (58,794 | ) |
| Net charge-offs, write-downs and other losses                                  | 1,992 |  |   | (6,317 | ) |   | (427 | ) |   | (614 | ) |   | (624 | ) |   | 516 |  |   | 800 |  |   | (4,674 | ) |
| Amortization                                                                   | (14,235 | ) |   | 2,952 |  |   | (250 | ) |   | (776 | ) |   | 902 |  |   | (2,280 | ) |   | (3,092 | ) |   | (16,779 | ) |
| External expenses qualifying under loss share agreements                       | 2,393 |  |   | 112 |  |   | 259 |  |   | (16 | ) |   | 489 |  |   | 633 |  |   | 80 |  |   | 3,950 |  |
| Balance, end of period                                                         | $ | 90,320 |  |   | $ | 62,826 |  |   | $ | 3,092 |  |   | $ | 8,748 |  |   | $ | 47,104 |  |   | $ | 20,650 |  |   | $ | 26,108 |  |   | $ | 258,848 |  |

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|                                                                                |
|--------------------------------------------------------------------------------|
|                                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                           |   |   | Buckhead Community Bank |   | First Security National Bank |   | Northwest Bank and Trust Company |   | United Americas Bank |   | Piedmont Community Bank |   | Community Capital Bank |   |   |
|                                                                           | Security Bank |   |   |   |   |   |   |   | Total |
| Fair value of FDIC receivable for loss share agreements at beginning of period | $ | 201,187 |  |   | $ | 121,771 |  |   | $ | 8,341 |  |   | $ | 10,310 |  |   | $ | 71,393 |  |   | $ | 67,011 |  |   | $ | 48,486 |  |   | $ | 528,499 |  |
| Amount attributable to FDIC for loss share agreements                          | (163 | ) |   | (4,245 | ) |   | 183 |  |   | 74 |  |   | (941 | ) |   | — |  |   | — |  |   | (5,092 | ) |
| Wires received                                                                 | (23,828 | ) |   | (27,962 | ) |   | (3,013 | ) |   | (1,128 | ) |   | (4,074 | ) |   | (3,484 | ) |   | (3,154 | ) |   | (66,643 | ) |
| Net charge-offs, write-downs and other losses                                  | 1,903 |  |   | 5,789 |  |   | (132 | ) |   | 131 |  |   | 1,054 |  |   | (27 | ) |   | 1 |  |   | 8,719 |  |
| Amortization                                                                   | (4,195 | ) |   | (2,132 | ) |   | 123 |  |   | (839 | ) |   | 142 |  |   | (109 | ) |   | — |  |   | (7,010 | ) |
| External expenses qualifying under loss share agreements                       | 249 |  |   | 363 |  |   | (73 | ) |   | 195 |  |   | 452 |  |   | (103 | ) |   | 87 |  |   | 1,170 |  |
| Balance, end of period                                                         | $ | 175,153 |  |   | $ | 93,584 |  |   | $ | 5,429 |  |   | $ | 8,743 |  |   | $ | 68,026 |  |   | $ | 63,288 |  |   | $ | 45,420 |  |   | $ | 459,643 |  |

|                                                     |
|-----------------------------------------------------|
|                                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                | Derivatives designated as hedging instruments |
|                                                | Asset Derivatives |   | Liability Derivatives |
|                                                | March 31, 2013 |   | December 31, 2012 |   | March 31, 2013 |   | December 31, 2012 |
|                                                | Balance Sheet Location |   | Fair Value |   | Balance Sheet Location |   | Fair Value |   | Balance Sheet Location |   | Fair Value |   | Balance Sheet Location |   | Fair Value |
| Interest rate products                              | Other assets |   | $ | 3,329 |  |   | Other assets |   | $ | 53 |  |   | Other liabilities |   | $ | 2,382 |  |   | Other liabilities |   | $ | 2,605 |  |
| Total derivatives designated as hedging instruments |   |   | $ | 3,329 |  |   |   |   | $ | 53 |  |   |   |   | $ | 2,382 |  |   |   |   | $ | 2,605 |  |

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|                                   |
|-----------------------------------|
|                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                              |   |   |   |   |   | Gross Amounts Not Offset in the Statement of Financial Condition |   |   |
|                              |   |   |   |   |   |   |   |
| March 31, 2013                    | Gross Amounts Recognized |   | Gross Amounts Offset in the Statement of Financial Condition |   | Net Amounts presented in the Statement of Financial Condition |   | Financial Instruments |   | Collateral Received/Posted (1) |   | Net Amount |
| Offsetting Derivative Assets      |   |   |   |   |   |   |   |   |   |   |
| Derivatives                       | 3,329 |  |   | — |  |   | 3,329 |  |   | (1,708 | ) |   | (1,621 | ) |   | — |  |
| Total                             | 3,329 |  |   | — |  |   | 3,329 |  |   | (1,708 | ) |   | (1,621 | ) |   | — |  |
|                              |   |   |   |   |   |   |   |   |   |   |   |
| Offsetting Derivative Liabilities |   |   |   |   |   |   |   |   |   |   |
| Derivatives                       | 2,382 |  |   | — |  |   | 2,382 |  |   | (1,708 | ) |   | — |  |   | 674 |  |
| Total                             | 2,382 |  |   | — |  |   | 2,382 |  |   | (1,708 | ) |   | — |  |   | 674 |  |

|                                   |
|-----------------------------------|
|                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                              |   |   |   |   |   | Gross Amounts Not Offset in the Statement of Financial Condition |   |   |
|                              |   |   |   |   |   |   |   |
| December 31, 2012                 | Gross Amounts Recognized |   | Gross Amounts Offset in the Statement of Financial Condition |   | Net Amounts presented in the Statement of Financial Condition |   | Financial Instruments |   | Collateral Received/Posted (1) |   | Net Amount |
| Offsetting Derivative Assets      |   |   |   |   |   |   |   |   |   |   |
| Derivatives                       | 53 |  |   | — |  |   | 53 |  |   | (25 | ) |   | — |  |   | 28 |  |
| Total                             | 53 |  |   | — |  |   | 53 |  |   | (25 | ) |   | — |  |   | 28 |  |
|                              |   |   |   |   |   |   |   |   |   |   |   |
| Offsetting Derivative Liabilities |   |   |   |   |   |   |   |   |   |   |   |
| Derivatives                       | 2,605 |  |   | — |  |   | 2,605 |  |   | (25 | ) |   | (1,937 | ) |   | 643 |  |
| Total                             | 2,605 |  |   | — |  |   | 2,605 |  |   | (25 | ) |   | (1,937 | ) |   | 643 |  |

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|                        |
|------------------------|
|                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                   | Amount of gain/(loss) recognized in income on derivative |   | Amount of gain/(loss) recognized in income on hedged item |
|                   | Three Months Ended March 31 |   | Three Months Ended March 31 |
|                   | 2013 |   | 2012 |   | 2013 |   | 2012 |
| Interest rate products |   |   |   |   |   |   |   |
| Other income (expense) | $ | 368 |  |   | $ | 117 |  |   | $ | (276 | ) |   | $ | (155 | ) |
| Total                  | $ | 368 |  |   | $ | 117 |  |   | $ | (276 | ) |   | $ | (155 | ) |

|                        |
|------------------------|
|                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                   | Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion) |   | Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) |
|                   | Three Months Ended March 31 |   | Three Months Ended March 31 |
|                   | 2013 |   | 2012 |   | 2013 |   | 2012 |
| Interest rate products |   |   |   |   |   |   |   |
| Other expense          | $ | (962 | ) |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| Total                  | $ | (962 | ) |   | $ | — |  |   | $ | — |  |   | $ | — |  |

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|                                            |
|--------------------------------------------|
|                                            |  |  |  |  |  |  |  |
| Other Assets                               | March 31, 2013 |   | December 31, 2012 |
| Cash surrender value of life insurance     | $ | 39,135 |  |   | $ | 38,791 |  |
| Accrued interest receivable                | 4,270 |  |   | 5,292 |  |
| Prepaid FDIC insurance assessments         | 3,707 |  |   | 4,086 |  |
| Derivative financial instruments           | 3,329 |  |   | 53 |  |
| Other prepaid expenses                     | 3,298 |  |   | 2,823 |  |
| Restricted equity securities               | 3,245 |  |   | 4,120 |  |
| Accrued income tax receivable              | 86 |  |   | 7,611 |  |
| Miscellaneous receivables and other assets | 3,602 |  |   | 5,538 |  |
| Total other assets                         | $ | 60,672 |  |   | $ | 68,314 |  |

|                                              |
|----------------------------------------------|
|                                              |  |  |  |  |  |  |  |
| Other Liabilities and Accrued Expenses       | March 31, 2013 |   | December 31, 2012 |
| Net deferred tax liability                   | $ | 43,260 |  |   | $ | 60,809 |  |
| Accrued incentive compensation               | 3,001 |  |   | 5,854 |  |
| Derivative financial instruments             | 2,382 |  |   | 2,605 |  |
| Accrued income tax payable                   | 2,037 |  |   | 746 |  |
| Accrued interest payable                     | 1,036 |  |   | 978 |  |
| Accrued audit fees                           | 658 |  |   | 604 |  |
| Miscellaneous payables and accrued expenses  | 6,865 |  |   | 5,439 |  |
| Total accrued expenses and other liabilities | $ | 59,239 |  |   | $ | 77,035 |  |

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|                                             |
|---------------------------------------------|
|                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                        | Actual |   | For Capital Adequacy Purposes |   | To Be Well Capitalized Under Prompt Corrective Action Provisions |
|                                        | Amount |   | Ratio |   | Amount |   | Ratio |   | Amount |   | Ratio |
| March 31, 2013                         |   |   |   |   |   |   |   |   |   |   |   |
| Total Capital to Risk-Weighted Assets       |   |   |   |   |   |   |   |   |   |   |   |
| Consolidated                                | $ | 425,154 |  |   | 29.45 | % |   | $ | 115,506 |  |   | 8.00 | % |   | $ | 144,383 |  |   | 10.00 | % |
| Bank                                        | $ | 365,095 |  |   | 25.29 | % |   | $ | 115,486 |  |   | 8.00 | % |   | $ | 144,358 |  |   | 10.00 | % |
| Tier I Capital to Risk-Weighted Assets |   |   |   |   |   |   |   |   |   |   |   |
| Consolidated                                | $ | 406,788 |  |   | 28.17 | % |   | $ | 57,753 |  |   | 4.00 | % |   | $ | 86,630 |  |   | 6.00 | % |
| Bank                                        | $ | 346,732 |  |   | 24.02 | % |   | $ | 57,743 |  |   | 4.00 | % |   | $ | 86,615 |  |   | 6.00 | % |
| Tier I Capital to Average Assets       |   |   |   |   |   |   |   |   |   |   |   |
| Consolidated                                | $ | 406,788 |  |   | 15.51 | % |   | $ | 104,882 |  |   | 4.00 | % |   | $ | — |  |   | N/A |  |
| Bank                                        | $ | 346,732 |  |   | 13.23 | % |   | $ | 104,870 |  |   | 4.00 | % |   | $ | 131,087 |  |   | 5.00 | % |

|                                             |
|---------------------------------------------|
|                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                        | Actual |   | For Capital Adequacy Purposes |   | To Be Well Capitalized Under Prompt Corrective Action Provisions |
|                                        | Amount |   | Ratio |   | Amount |   | Ratio |   | Amount |   | Ratio |
| December 31, 2012                      |   |   |   |   |   |   |   |   |   |   |   |
| Total Capital to Risk-Weighted Assets       |   |   |   |   |   |   |   |   |   |   |   |
| Consolidated                                | $ | 426,213 |  |   | 30.54 | % |   | $ | 111,638 |  |   | 8.00 | % |   | $ | 139,547 |  |   | 10.00 | % |
| Bank                                        | $ | 390,402 |  |   | 27.98 | % |   | $ | 111,637 |  |   | 8.00 | % |   | $ | 139,546 |  |   | 10.00 | % |
| Tier I Capital to Risk-Weighted Assets |   |   |   |   |   |   |   |   |   |   |   |
| Consolidated                                | $ | 408,119 |  |   | 29.25 | % |   | $ | 55,819 |  |   | 4.00 | % |   | $ | 83,728 |  |   | 6.00 | % |
| Bank                                        | $ | 372,308 |  |   | 26.68 | % |   | $ | 55,818 |  |   | 4.00 | % |   | $ | 83,728 |  |   | 6.00 | % |
| Tier I Capital to Average Assets       |   |   |   |   |   |   |   |   |   |   |   |
| Consolidated                                | $ | 408,119 |  |   | 15.49 | % |   | $ | 105,356 |  |   | 4.00 | % |   | $ | — |  |   | N/A |  |
| Bank                                        | $ | 372,308 |  |   | 14.14 | % |   | $ | 105,349 |  |   | 4.00 | % |   | $ | 131,686 |  |   | 5.00 | % |

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|                                      |
|--------------------------------------|
|                                      |  |  |  |  |  |  |  |
|                                 | March 31, 2013 |   | December 31, 2012 |
| Commitments to extend credit:        |   |   |   |
| Fixed                                | $ | 7,368 |  |   | $ | 8,188 |  |
| Variable                             | 219,731 |  |   | 248,310 |  |
| Financial standby letters of credit: |   |   |   |
| Fixed                                | 466 |  |   | 437 |  |
| Variable                             | 1,920 |  |   | 1,399 |  |
| Total                                | $ | 229,485 |  |   | $ | 258,334 |  |

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|                                                        |
|--------------------------------------------------------|
|                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                   | Quoted MarketPrices in Active Markets (Level 1) |   | SignificantOther Observable Inputs (Level 2) |   | SignificantUnobservable Inputs (Level 3) |   | Total |
| Assets:                                                |   |   |   |   |   |   |   |
| U.S. Government securities                             | $ | 774 |  |   | $ | 56,713 |  |   | $ | — |  |   | $ | 57,487 |  |
| States and political subdivisions                      | — |  |   | 9,595 |  |   | — |  |   | 9,595 |  |
| Residential mortgage-backed securities—nonagency | — |  |   | 135,465 |  |   | — |  |   | 135,465 |  |
| Residential mortgage-backed securities—agency    | — |  |   | 69,830 |  |   | — |  |   | 69,830 |  |
| Collateralized mortgage obligations                    | — |  |   | 78,636 |  |   | — |  |   | 78,636 |  |
| Corporate securities                                   | — |  |   | 502 |  |   | — |  |   | 502 |  |
| Derivative financial instruments                       | — |  |   | 3,329 |  |   | — |  |   | 3,329 |  |
| Total recurring assets at fair value                   | $ | 774 |  |   | $ | 354,070 |  |   | $ | — |  |   | $ | 354,844 |  |
|                                                   |   |   |   |   |   |   |   |
| Liabilities:                                           |   |   |   |   |   |   |   |
| Derivative financial instruments                       | $ | — |  |   | $ | 2,382 |  |   | $ | — |  |   | $ | 2,382 |  |
| Total recurring liabilities at fair value              | $ | — |  |   | $ | 2,382 |  |   | $ | — |  |   | $ | 2,382 |  |

|                                                        |
|--------------------------------------------------------|
|                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                   | Quoted MarketPrices in Active Markets (Level 1) |   | SignificantOther Observable Inputs (Level 2) |   | SignificantUnobservable Inputs (Level 3) |   | Total |
| Assets:                                                |   |   |   |   |   |   |   |
| U.S. Government securities                             | $ | 778 |  |   | $ | 59,730 |  |   | $ | — |  |   | $ | 60,508 |  |
| States and political subdivisions                      | — |  |   | 12,132 |  |   | — |  |   | 12,132 |  |
| Residential mortgage-backed securities—nonagency | — |  |   | 139,761 |  |   | — |  |   | 139,761 |  |
| Residential mortgage-backed securities—agency    | — |  |   | 37,522 |  |   | — |  |   | 37,522 |  |
| Collateralized mortgage obligations                    | — |  |   | 53,483 |  |   | — |  |   | 53,483 |  |
| Corporate securities                                   | — |  |   | 495 |  |   | — |  |   | 495 |  |
| Derivative financial instruments                       | — |  |   | 53 |  |   | — |  |   | 53 |  |
| Total recurring assets at fair value                   | $ | 778 |  |   | $ | 303,176 |  |   | $ | — |  |   | $ | 303,954 |  |
|                                                   |   |   |   |   |   |   |   |
| Liabilities:                                           |   |   |   |   |   |   |   |
| Derivative financial instruments                       | $ | — |  |   | $ | 2,605 |  |   | $ | — |  |   | $ | 2,605 |  |
| Total recurring liabilities at fair value              | $ | — |  |   | $ | 2,605 |  |   | $ | — |  |   | $ | 2,605 |  |

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|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                      | Quoted MarketPrices in Active Markets (Level 1) |   | SignificantOther Observable Inputs (Level 2) |   | SignificantUnobservable Inputs (Level 3) |   | Total |
| March 31, 2013                       |   |   |   |   |   |   |   |
| Impaired loans, net of specific reserves: |   |   |   |   |   |   |   |
| Not covered by loss share agreements      | $ | — |  |   | $ | — |  |   | $ | 2,793 |  |   | $ | 2,793 |  |
| Covered by loss share agreements          | — |  |   | — |  |   | 125,294 |  |   | 125,294 |  |
| Total impaired loans                      | $ | — |  |   | $ | — |  |   | $ | 128,087 |  |   | $ | 128,087 |  |
| December 31, 2012                    |   |   |   |   |   |   |   |
| Impaired loans, net of specific reserves: | — |  |   |   |   |   |   |   |
| Not covered by loss share agreements      | $ | — |  |   | $ | — |  |   | $ | 3,456 |  |   | $ | 3,456 |  |
| Covered by loss share agreements          | — |  |   | — |  |   | 174,922 |  |   | 174,922 |  |
| Total impaired loans                      | $ | — |  |   | $ | — |  |   | $ | 178,378 |  |   | $ | 178,378 |  |

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|                                      |
|--------------------------------------|
|                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                 | Quoted MarketPrices in Active Markets (Level 1) |   | SignificantOther Observable Inputs (Level 2) |   | SignificantUnobservable Inputs (Level 3) |   | Total |
| March 31, 2013                       |   |   |   |   |   |   |   |
| Other Real Estate Owned:             |   |   |   |   |   |   |   |
| Not covered by loss share agreements | $ | — |  |   | $ | — |  |   | $ | 300 |  |   | $ | 300 |  |
| Covered by loss share agreements     | — |  |   | — |  |   | 51,523 |  |   | 51,523 |  |
| Total other real estate owned        | $ | — |  |   | $ | — |  |   | $ | 51,823 |  |   | $ | 51,823 |  |
| December 31, 2012                    |   |   |   |   |   |   |   |
| Other Real Estate Owned:             |   |   |   |   |   |   |   |
| Not covered by loss share agreements | $ | — |  |   | $ | — |  |   | $ | 1,212 |  |   | $ | 1,212 |  |
| Covered by loss share agreements     | — |  |   | — |  |   | 48,980 |  |   | 48,980 |  |
| Total other real estate owned        | $ | — |  |   | $ | — |  |   | $ | 50,192 |  |   | $ | 50,192 |  |

|                                              |
|----------------------------------------------|
|                                              |  |  |  |  |  |  |  |
|                                         | March 31, 2013 |   | December 31, 2012 |
| Noncovered under FDIC loss share agreements: |   |   |   |
| Other real estate owned at fair value        | $ | 300 |  |   | $ | 1,212 |  |
| Estimated selling costs                      | (24 | ) |   | (97 | ) |
| Other real estate owned                      | $ | 276 |  |   | $ | 1,115 |  |
|                                         |   |   |   |
| Covered under FDIC loss share agreements:    |   |   |   |
| Other real estate owned at fair value        | $ | 51,523 |  |   | $ | 48,980 |  |
| Estimated selling costs                      | (4,122 | ) |   | (3,918 | ) |
| Other real estate owned                      | $ | 47,401 |  |   | $ | 45,062 |  |

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|                                                                |
|----------------------------------------------------------------|
|                                                                |  |  |  |  |  |  |  |  |  |
|                                                           | Fair Value |   | Valuation Technique |   | Unobservable Inputs |   | Range |
| Noncovered impaired loans - collateral dependent               | $ | 2,729 |  |   | Third party appraisal |   | Management discount for property type and recent market volatility |   | 15% - 50% discount |
| Noncovered impaired loans - noncollateral dependent            | $ | 64 |  |   | Discounted cash flow analysis |   | 1) Interest rate2) Loan term |   | 1) 7.90%2) 66 months |
| Covered impaired loans - individually evaluated for impairment | $ | 88,056 |  |   | Discounted cash flow analysis and/or third party appraisal |   | 1) Discount rates2) Management discount for property type and recent market volatility |   | 1) 35.5% average discount rate2) 10% - 40% discount |
| Covered impaired loans - collectively evaluated for impairment | $ | 37,238 |  |   | Discount cash flow analysis |   | 1) Probability of default2) Loss given default3) Discount rates |   | 1) 2.5% - 100%2) 30% - 95%3) 14.88% average discount rate |
| Noncovered other real estate owned                             | $ | 300 |  |   | Third party appraisal |   | Management discount for property type and recent market volatility |   | 10% - 40% discount |
| Covered other real estate owned                                | $ | 51,523 |  |   | Third party appraisal |   | Management discount for property type and recent market volatility |   | 10% - 40% discount |

|                                                                |
|----------------------------------------------------------------|
|                                                                |  |  |  |  |  |  |  |  |  |
|                                                           | Fair Value |   | Valuation Technique |   | Unobservable Inputs |   | Range |
| Noncovered impaired loans - collateral dependent               | $ | 2,386 |  |   | Third party appraisal |   | Management discount for property type and recent market volatility |   | 15% - 50% discount |
| Noncovered impaired loans - noncollateral dependent            | $ | 1,070 |  |   | Discounted cash flow analysis |   | 1) Interest rate2) Loan term |   | 1) 3.25% - 7.90%2) 69 - 141 months |
| Covered impaired loans - individually evaluated for impairment | $ | 11,802 |  |   | Discounted cash flow analysis and/or third party appraisal |   | 1) Discount rates2) Management discount for property type and recent market volatility |   | 1) 47.8% average discount rate2) 10% - 40% discount |
| Covered impaired loans - collectively evaluated for impairment | $ | 163,120 |  |   | Discount cash flow analysis |   | 1) Probability of default2) Loss given default3) Discount rates |   | 1) 2.5% - 100%2) 30% - 95%3) 9.9% average discount rate |
| Noncovered other real estate owned                             | $ | 1,212 |  |   | Third party appraisal |   | Management discount for property type and recent market volatility |   | 10% - 40% discount |
| Covered other real estate owned                                | $ | 48,980 |  |   | Third party appraisal |   | Management discount for property type and recent market volatility |   | 10% - 40% discount |

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|                                                |
|------------------------------------------------|
|                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                           |   |   | March 31, 2013 |   | December 31, 2012 |
| (in thousands)                                 | Fair Value Hierarchy Level |   | Carrying Amount |   | Estimated Fair Value |   | CarryingAmount |   | EstimatedFair Value |
| Assets:                                        |   |   |   |   |   |   |   |   |   |
| Cash and cash equivalents                      | Level 1 |   | $ | 468,050 |  |   | $ | 468,050 |  |   | $ | 445,385 |  |   | $ | 445,385 |  |
| Investment securities available-for-sale       | See previous table |   | 351,515 |  |   | 351,515 |  |   | 303,901 |  |   | 303,901 |  |
| Mortgage loans held for sale                   | Level 2 |   | 2,386 |  |   | 2,386 |  |   | 4,853 |  |   | 4,853 |  |
| Net loans                                      | Level 3 |   | 1,404,458 |  |   | 1,440,622 |  |   | 1,390,077 |  |   | 1,408,634 |  |
| FDIC receivable for loss share agreements, net | Level 3 |   | 258,848 |  |   | 215,148 |  |   | 355,325 |  |   | 336,497 |  |
| Derivative financial instruments               | Level 2 |   | 3,329 |  |   | 3,329 |  |   | 53 |  |   | 53 |  |
| Accrued interest receivable                    | Level 2 |   | 4,270 |  |   | 4,270 |  |   | 5,292 |  |   | 5,292 |  |
| Restricted equity securities                   | Level 1 |   | 3,245 |  |   | 3,245 |  |   | 4,120 |  |   | 4,120 |  |
| Liabilities:                                   |   |   |   |   |   |   |   |   |   |
| Deposits                                       | Level 2 |   | $ | 2,148,190 |  |   | $ | 2,149,210 |  |   | $ | 2,148,436 |  |   | $ | 2,149,187 |  |
| Securities sold under agreements to repurchase | Level 2 |   | 3,959 |  |   | 3,959 |  |   | 4,755 |  |   | 4,755 |  |
| Notes payable                                  | Level 2 |   | 3,861 |  |   | 3,861 |  |   | 2,523 |  |   | 2,523 |  |
| Derivative instruments                         | Level 2 |   | 2,382 |  |   | 2,382 |  |   | 2,605 |  |   | 2,605 |  |
| Accrued interest payable                       | Level 2 |   | 1,036 |  |   | 1,036 |  |   | 978 |  |   | 978 |  |

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Table of Contents

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Table of Contents

|                                                                      |
|----------------------------------------------------------------------|
|                                                                      |  |  |  |  |  |  |  |
|                                                                 | Three Months Ended |
|                                                                 | March 31 |
|                                                                 | 2013 |   | 2012 |
| Net income (loss)                                                    | $ | (1,156 | ) |   | $ | 5,138 |  |
| Denominator:                                                         |   |   |   |
| Weighted average common shares outstanding                           | 31,909 |  |   | 31,612 |  |
| Weighted average dilutive grants (1)                                 | — |  |   | 1,183 |  |
| Weighted average common shares outstanding including dilutive grants | 31,909 |  |   | 32,795 |  |
|                                                                 |   |   |   |
| Net income (loss) per share:                                         |   |   |   |
| Basic                                                                | $ | (.04 | ) |   | $ | .16 |  |
| Diluted                                                              | $ | (.04 | ) |   | $ | .16 |  |

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|                                                     |
|-----------------------------------------------------|
|                                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                | 2013 |   | 2012 |
| (amounts in thousands, except per share data)       | First Quarter |   | Fourth Quarter |   | Third Quarter |   | Second Quarter |   | First Quarter |
| Selected Results of Operations Data:                |   |   |   |   |   |   |   |   |   |
| Total interest income on invested funds             | $ | 2,502 |  |   | $ | 2,496 |  |   | $ | 2,862 |  |   | $ | 3,027 |  |   | $ | 2,966 |  |
| Interest income on noncovered loans, including fees | 14,319 |  |   | 14,993 |  |   | 14,679 |  |   | 13,722 |  |   | 11,834 |  |
| Accretion income on covered loans                   | 20,636 |  |   | 27,839 |  |   | 18,893 |  |   | 32,191 |  |   | 23,490 |  |
| Interest expense                                    | 1,996 |  |   | 2,096 |  |   | 2,235 |  |   | 2,566 |  |   | 2,852 |  |
| Net interest income                                 | 35,461 |  |   | 43,232 |  |   | 34,199 |  |   | 46,374 |  |   | 35,438 |  |
| Provision for loan losses (noncovered loans)        | 350 |  |   | 325 |  |   | 1,050 |  |   | 2,125 |  |   | 1,535 |  |
| Provision for loan losses (covered loans)           | (2,385 | ) |   | 3,021 |  |   | 5,441 |  |   | 2,902 |  |   | (1,283 | ) |
| Noninterest income                                  | (12,603 | ) |   | (11,491 | ) |   | (3,254 | ) |   | (1,243 | ) |   | (4,259 | ) |
| Noninterest expense                                 | 26,664 |  |   | 23,762 |  |   | 19,835 |  |   | 22,426 |  |   | 22,693 |  |
| Net income (loss) before income taxes               | (1,771 | ) |   | 4,633 |  |   | 4,619 |  |   | 17,678 |  |   | 8,234 |  |
| Income tax (benefit) expense                        | (615 | ) |   | 1,418 |  |   | 1,261 |  |   | 6,647 |  |   | 3,096 |  |
| Net income (loss)                                   | $ | (1,156 | ) |   | $ | 3,215 |  |   | $ | 3,358 |  |   | $ | 11,031 |  |   | $ | 5,138 |  |
|                                                |   |   |   |   |   |   |   |   |   |
| Selected Average Balances:                          |   |   |   |   |   |   |   |   |   |
| Total assets                                        | $ | 2,635,240 |  |   | $ | 2,647,631 |  |   | $ | 2,705,134 |  |   | $ | 2,691,432 |  |   | $ | 2,660,418 |  |
| Investment securities                               | 321,571 |  |   | 311,130 |  |   | 292,695 |  |   | 305,147 |  |   | 343,860 |  |
| Loans receivable:                                   |   |   |   |   |   |   |   |   |   |
| Noncovered loans (5)                                | 1,007,094 |  |   | 955,153 |  |   | 901,168 |  |   | 840,428 |  |   | 722,908 |  |
| Covered loans                                       | 427,403 |  |   | 504,138 |  |   | 625,701 |  |   | 707,273 |  |   | 806,508 |  |
| Allowance for loan losses (noncovered loans)        | (7,635 | ) |   | (2,074 | ) |   | (2,780 | ) |   | (3,474 | ) |   | (12,424 | ) |
| Allowance for loan losses (covered loans)           | (49,481 | ) |   | (43,158 | ) |   | (44,682 | ) |   | (55,666 | ) |   | (57,233 | ) |
| Interest-earning assets                             | 2,203,997 |  |   | 2,142,294 |  |   | 2,153,446 |  |   | 2,111,026 |  |   | 2,032,225 |  |
| Total deposits                                      | 2,115,382 |  |   | 2,114,544 |  |   | 2,182,834 |  |   | 2,190,364 |  |   | 2,203,564 |  |
| Interest-bearing liabilities                        | 1,736,646 |  |   | 1,741,745 |  |   | 1,803,514 |  |   | 1,865,185 |  |   | 1,908,961 |  |
| Noninterest-bearing liabilities                     | 460,809 |  |   | 470,308 |  |   | 471,341 |  |   | 405,926 |  |   | 344,356 |  |
| Shareholders' equity                                | 437,785 |  |   | 435,634 |  |   | 430,279 |  |   | 420,321 |  |   | 407,101 |  |
|                                                |   |   |   |   |   |   |   |   |   |
| Selected Actual Balances:                           |   |   |   |   |   |   |   |   |   |
| Total assets                                        | $ | 2,642,185 |  |   | $ | 2,662,965 |  |   | $ | 2,642,981 |  |   | $ | 2,671,225 |  |   | $ | 2,677,440 |  |
| Investment securities                               | 351,515 |  |   | 303,901 |  |   | 311,323 |  |   | 280,662 |  |   | 322,832 |  |
| Loans receivable:                                   |   |   |   |   |   |   |   |   |   |
| Noncovered loans                                    | 1,051,455 |  |   | 985,502 |  |   | 937,331 |  |   | 881,120 |  |   | 802,955 |  |
| Covered loans                                       | 396,831 |  |   | 474,713 |  |   | 553,006 |  |   | 687,451 |  |   | 743,838 |  |
| Allowance for loan losses (noncovered loans)        | (15,122 | ) |   | (14,660 | ) |   | (14,330 | ) |   | (13,317 | ) |   | (11,681 | ) |
| Allowance for loan losses (covered loans)           | (28,706 | ) |   | (55,478 | ) |   | (46,411 | ) |   | (67,346 | ) |   | (56,087 | ) |
| Interest-earning assets                             | 2,261,681 |  |   | 2,202,452 |  |   | 2,149,189 |  |   | 2,130,200 |  |   | 2,072,375 |  |
| Total deposits                                      | 2,148,190 |  |   | 2,148,436 |  |   | 2,124,298 |  |   | 2,165,136 |  |   | 2,188,875 |  |
| Interest-bearing liabilities                        | 1,746,293 |  |   | 1,768,264 |  |   | 1,759,670 |  |   | 1,827,298 |  |   | 1,879,864 |  |
| Noninterest-bearing liabilities                     | 468,956 |  |   | 464,485 |  |   | 455,113 |  |   | 423,873 |  |   | 389,073 |  |
| Shareholders' equity                                | 426,936 |  |   | 430,216 |  |   | 428,198 |  |   | 420,054 |  |   | 408,503 |  |

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|                                                   |
|---------------------------------------------------|
|                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                              | 2013 |   | 2012 |
| (dollars in thousands, except per share data)     | First Quarter |   | Fourth Quarter |   | Third Quarter |   | Second Quarter |   | First Quarter |
| Per Common Share Data:                            |   |   |   |   |   |   |   |   |   |
| Basic earnings (loss)                             | $ | (.04 | ) |   | $ | .10 |  |   | $ | .11 |  |   | $ | .35 |  |   | $ | .16 |  |
| Diluted earnings (loss)                           | (.04 | ) |   | .10 |  |   | .10 |  |   | .34 |  |   | .16 |  |
| Book value                                        | 13.38 |  |   | 13.48 |  |   | 13.42 |  |   | 13.24 |  |   | 12.88 |  |
| Tangible book value                               | 12.96 |  |   | 13.06 |  |   | 13.18 |  |   | 12.99 |  |   | 12.62 |  |
| Cash dividends declared and paid                  | .03 |  |   | .03 |  |   | .03 |  |   | — |  |   | — |  |
| Weighted average shares outstanding:              |   |   |   |   |   |   |   |   |   |
| Basic                                             | 31,908,776 |  |   | 31,904,381 |  |   | 31,654,046 |  |   | 31,613,581 |  |   | 31,611,603 |  |
| Diluted                                           | 31,908,776 |  |   | 33,179,198 |  |   | 32,808,726 |  |   | 32,776,553 |  |   | 32,794,798 |  |
|                                              |   |   |   |   |   |   |   |   |   |
| Performance Ratios:                               |   |   |   |   |   |   |   |   |   |
| Return on average assets                          | (.18 | )% |   | .48 | % |   | .50 | % |   | 1.65 | % |   | .78 | % |
| Return on average equity                          | (1.07 | )% |   | 2.94 | % |   | 3.14 | % |   | 10.56 | % |   | 5.08 | % |
| Cost of funds                                     | .38 |  % |   | .39 | % |   | .41 | % |   | .47 | % |   | .52 | % |
| Net interest margin (1)(4)                        | 6.53 |  % |   | 7.77 | % |   | 6.33 | % |   | 8.85 | % |   | 7.03 | % |
| Interest rate spread (2)(4)                       | 6.43 |  % |   | 7.68 | % |   | 6.25 | % |   | 8.79 | % |   | 7.00 | % |
| Efficiency ratio (3)(4)                           | 116.42 |  % |   | 74.73 | % |   | 63.98 | % |   | 49.63 | % |   | 73.10 | % |
|                                              |   |   |   |   |   |   |   |   |   |
| Capital Ratios:                                   |   |   |   |   |   |   |   |   |   |
| Average equity to average assets                  | 16.61 |  % |   | 16.45 | % |   | 15.91 | % |   | 15.62 | % |   | 15.30 | % |
| Leverage ratio                                    | 15.51 |  % |   | 15.49 | % |   | 15.44 | % |   | 15.24 | % |   | 15.06 | % |
| Tier 1 risk-based capital ratio                   | 28.17 |  % |   | 29.25 | % |   | 29.95 | % |   | 31.45 | % |   | 32.92 | % |
| Total risk-based capital ratio                    | 29.45 |  % |   | 30.54 | % |   | 31.23 | % |   | 32.77 | % |   | 34.22 | % |
|                                              |   |   |   |   |   |   |   |   |   |
| Asset Quality Ratios:                             |   |   |   |   |   |   |   |   |   |
| Net charge-offs to total average noncovered loans | (.05 | )% |   | .06 | % |   | .09 | % |   | .15 | % |   | .03 | % |
| Nonperforming loans to total noncovered loans (6) | .42 |  % |   | .49 | % |   | .58 | % |   | .49 | % |   | .52 | % |
| Nonperforming assets to loans + ORE:              |   |   |   |   |   |   |   |   |   |
| Noncovered                                        | .44 |  % |   | .60 | % |   | .67 | % |   | .63 | % |   | .64 | % |
| Covered                                           | 10.67 |  % |   | 8.67 | % |   | 9.43 | % |   | 8.07 | % |   | 7.43 | % |
| Allowance for loan losses to loans:               |   |   |   |   |   |   |   |   |   |
| Noncovered                                        | 1.44 |  % |   | 1.49 | % |   | 1.53 | % |   | 1.51 | % |   | 1.55 | % |
| Covered                                           | 7.23 |  % |   | 11.69 | % |   | 8.39 | % |   | 9.80 | % |   | 7.08 | % |

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|                                                          |
|----------------------------------------------------------|
|                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                     | March 31, 2013 |   | December 31, 2012 |
| Available for Sale:                                      | Amortized Cost |   | Fair Value |   | Amortized Cost |   | Fair Value |
| U.S. Government securities                               | $ | 56,152 |  |   | $ | 57,487 |  |   | $ | 59,101 |  |   | $ | 60,508 |  |
| States and political subdivisions                        | 9,523 |  |   | 9,595 |  |   | 11,726 |  |   | 12,132 |  |
| Residential mortgage-backed securities — nonagency | 126,881 |  |   | 135,465 |  |   | 131,183 |  |   | 139,761 |  |
| Residential mortgage-backed securities — agency    | 69,016 |  |   | 69,830 |  |   | 36,349 |  |   | 37,522 |  |
| Collateralized mortgage obligations                      | 77,366 |  |   | 78,636 |  |   | 52,024 |  |   | 53,483 |  |
| Corporate securities                                     | 406 |  |   | 502 |  |   | 398 |  |   | 495 |  |
| Total                                                    | $ | 339,344 |  |   | $ | 351,515 |  |   | $ | 290,781 |  |   | $ | 303,901 |  |

|                                        |
|----------------------------------------|
|                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                   | U.S. Government Securities |   | States andPolitical Subdivisions |   | Mortgage-backed Securities |   | Other Investments |
| (dollars in thousands)                 | Amount |   | Yield |   | Amount |   | Yield |   | Amount |   | Yield |   | Amount |   | Yield |
| Maturity:                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| One year or less                       | $ | — |  |   | — | % |   | $ | 837 |  |   | 1.59 | % |   | $ | — |  |   | — | % |   | $ | — |  |   | — | % |
| After one year through five years      | 31,024 |  |   | 1.03 | % |   | 3,945 |  |   | .93 | % |   | — |  |   | — | % |   | 502 |  |   | 17.03 | % |
| After five years through 10 years | 16,803 |  |   | 2.15 | % |   | 988 |  |   | 4.63 | % |   | 44,123 |  |   | 1.31 | % |   | — |  |   | — | % |
| After 10 years                    | 9,660 |  |   | 1.30 | % |   | 3,825 |  |   | 6.36 | % |   | 239,808 |  |   | 2.83 | % |   | — |  |   | — | % |
| Total                                  | $ | 57,487 |  |   | 1.40 | % |   | $ | 9,595 |  |   | 3.52 | % |   | $ | 283,931 |  |   | 2.60 | % |   | $ | 502 |  |   | 17.03 | % |

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|                                                    |
|----------------------------------------------------|
|                                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                               | March 31, 2013 |   | December 31, 2012 |
| (dollars in thousands)                   | Noncovered Loans |   | Covered Loans |   | Total Amount |   | % ofGross Total |   | NoncoveredLoans |   | Covered Loans |   | Total Amount |   | % ofGross Total |
| Construction, land & land development          | $ | 265,055 |  |   | $ | 58,802 |  |   | $ | 323,857 |  |   | 22.4 | % |   | $ | 230,448 |  |   | $ | 81,288 |  |   | $ | 311,736 |  |   | 21.3 | % |
| Other commercial real estate                       | 486,287 |  |   | 115,194 |  |   | 601,481 |  |   | 41.5 | % |   | 457,729 |  |   | 139,010 |  |   | 596,739 |  |   | 40.9 | % |
| Total commercial real estate                       | 751,342 |  |   | 173,996 |  |   | 925,338 |  |   | 63.9 | % |   | 688,177 |  |   | 220,298 |  |   | 908,475 |  |   | 62.2 | % |
| Commercial & industrial                        | 35,944 |  |   | 10,811 |  |   | 46,755 |  |   | 3.2 | % |   | 35,390 |  |   | 14,859 |  |   | 50,249 |  |   | 3.5 | % |
| Owner-occupied real estate                         | 176,426 |  |   | 80,239 |  |   | 256,665 |  |   | 17.7 | % |   | 172,445 |  |   | 86,612 |  |   | 259,057 |  |   | 17.7 | % |
| Total commercial & industrial                  | 212,370 |  |   | 91,050 |  |   | 303,420 |  |   | 20.9 | % |   | 207,835 |  |   | 101,471 |  |   | 309,306 |  |   | 21.2 | % |
| Residential real estate                            | 45,433 |  |   | 131,254 |  |   | 176,687 |  |   | 12.2 | % |   | 43,179 |  |   | 142,032 |  |   | 185,211 |  |   | 12.7 | % |
| Consumer & other                               | 42,310 |  |   | 531 |  |   | 42,841 |  |   | 3.0 | % |   | 46,311 |  |   | 10,912 |  |   | 57,223 |  |   | 3.9 | % |
| Total gross loans receivable, net of deferred fees | 1,051,455 |  |   | 396,831 |  |   | 1,448,286 |  |   | 100.0 | % |   | 985,502 |  |   | 474,713 |  |   | 1,460,215 |  |   | 100.0 | % |
| Less - allowance for loan losses                   | (15,122 | ) |   | (28,706 | ) |   | (43,828 | ) |   |   |   | (14,660 | ) |   | (55,478 | ) |   | (70,138 | ) |   |   |
| Total loans, net                                   | $ | 1,036,333 |  |   | $ | 368,125 |  |   | $ | 1,404,458 |  |   |   |   | $ | 970,842 |  |   | $ | 419,235 |  |   | $ | 1,390,077 |  |   |   |

----

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|                                                                           |
|---------------------------------------------------------------------------|
|                                                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                      | Three Months Ended March 31 |
|                                                                      | 2013 |   | 2012 |
| (dollars in thousands)                                                    | Noncovered Loans |   | Covered Loans |   | Totals |   | Noncovered Loans |   | Covered Loans |   | Total |
| Balance, at the beginning of period                                       | $14,660 |   | $ | 55,478 |  |   | $ | 70,138 |  |   | $ | 10,207 |  |   | $ | 59,277 |  |   | $ | 69,484 |  |
| Charge-offs:                                                              |   |   |   |   |   |   |   |   |   |   |   |
| Construction, land & land development                                 | — |  |   | 6,236 |  |   | 6,236 |  |   | 47 |  |   | 3,069 |  |   | 3,116 |  |
| Other commercial real estate                                              | 1 |  |   | 2,931 |  |   | 2,932 |  |   |  |  |   | 293 |  |   | 293 |  |
| Total commercial real estate                                              | 1 |  |   | 9,167 |  |   | 9,168 |  |   | 47 |  |   | 3,362 |  |   | 3,409 |  |
| Commercial & industrial                                               | 10 |  |   | 189 |  |   | 199 |  |   | — |  |   | — |  |   | — |  |
| Owner-occupied real estate                                                | — |  |   | 1,210 |  |   | 1,210 |  |   | — |  |   | — |  |   | — |  |
| Total commercial & industrial                                         | 10 |  |   | 1,399 |  |   | 1,409 |  |   | — |  |   | — |  |   | — |  |
| Residential real estate                                                   | — |  |   | 455 |  |   | 455 |  |   | 8 |  |   | 7 |  |   | 15 |  |
| Consumer & other                                                      | 1 |  |   | 195 |  |   | 196 |  |   | 10 |  |   | — |  |   | 10 |  |
| Total charge-offs                                                         | $ | 12 |  |   | $ | 11,216 |  |   | $ | 11,228 |  |   | $ | 65 |  |   | $ | 3,369 |  |   | $ | 3,434 |  |
| Recoveries on loans previously charged-off:                               |   |   |   |   |   |   |   |   |   |   |   |
| Construction, land & land development                                 | 111 |  |   | 2,351 |  |   | 2,462 |  |   | — |  |   | 5,701 |  |   | 5,701 |  |
| Other commercial real estate                                              | 3 |  |   | 880 |  |   | 883 |  |   | — |  |   | 655 |  |   | 655 |  |
| Total commercial real estate                                              | 114 |  |   | 3,231 |  |   | 3,345 |  |   | — |  |   | 6,356 |  |   | 6,356 |  |
| Commercial & industrial                                               | — |  |   | 281 |  |   | 281 |  |   | — |  |   | 6 |  |   | 6 |  |
| Owner-occupied real estate                                                | 5 |  |   | 2,010 |  |   | 2,015 |  |   | — |  |   | 25 |  |   | 25 |  |
| Total commercial & industrial                                         | 5 |  |   | 2,291 |  |   | 2,296 |  |   | — |  |   | 31 |  |   | 31 |  |
| Residential real estate                                                   | 1 |  |   | 1,487 |  |   | 1,488 |  |   | — |  |   | 167 |  |   | 167 |  |
| Consumer & other                                                      | 4 |  |   | — |  |   | 4 |  |   | 4 |  |   | — |  |   | 4 |  |
| Total recoveries                                                          | $ | 124 |  |   | $ | 7,009 |  |   | $ | 7,133 |  |   | $ | 4 |  |   | $ | 6,554 |  |   | $ | 6,558 |  |
| Net charge-offs/(recoveries)                                              | (112 | ) |   | 4,207 |  |   | 4,095 |  |   | 61 |  |   | (3,185 | ) |   | (3,124 | ) |
| Provision for loan losses                                                 | 350 |  |   | (22,565 | ) |   | (22,215 | ) |   | 1,535 |  |   | (6,375 | ) |   | (4,840 | ) |
| Amount attributable to FDIC loss share agreements                         | — |  |   | 20,180 |  |   | 20,180 |  |   | — |  |   | 5,092 |  |   | 5,092 |  |
| Total provision for loan losses charged to operations                     | 350 |  |   | (2,385 | ) |   | (2,035 | ) |   | 1,535 |  |   | (1,283 | ) |   | 252 |  |
| Provision for loan losses recorded through the FDIC loss share receivable | — |  |   | (20,180 | ) |   | (20,180 | ) |   | — |  |   | (5,092 | ) |   | (5,092 | ) |
| Balance, at end of period                                                 | $ | 15,122 |  |   | $ | 28,706 |  |   | $ | 43,828 |  |   | $ | 11,681 |  |   | $ | 56,087 |  |   | $ | 67,768 |  |
| Allowance for loan losses to loans receivable                             | 1.44 |  % |   | 7.23 | % |   | 3.03 | % |   | 1.55 | % |   | 7.08 |  % |   | 4.38 |  % |
| Ratio of net charge-offs to average loans outstanding                     | (.05 | )% |   | 3.99 | % |   | 1.16 | % |   | .03 | % |   | (1.59 | )% |   | (.82 | )% |

----

|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                      | March 31, 2013 |   | December 31, 2012 |
| (dollars in thousands)                    | Amount |   | % of loans to total loans |   | Amount |   | % of loans to total loans |
| Noncovered loans:                         |   |   |   |   |   |   |   |
| Construction, land & land development | $ | 3,585 |  |   | 18.3 | % |   | $ | 3,479 |  |   | 15.8 | % |
| Other commercial real estate              | 6,492 |  |   | 33.6 | % |   | 6,016 |  |   | 31.3 | % |
| Total commercial real estate              | 10,077 |  |   | 51.9 | % |   | 9,495 |  |   | 47.1 | % |
| Commercial & industrial               | 739 |  |   | 2.5 | % |   | 617 |  |   | 2.4 | % |
| Owner-occupied real estate                | 2,693 |  |   | 12.2 | % |   | 2,486 |  |   | 11.8 | % |
| Total commercial & industrial         | 3,432 |  |   | 14.7 | % |   | 3,103 |  |   | 14.2 | % |
| Residential real estate                   | 972 |  |   | 3.1 | % |   | 1,050 |  |   | 3.0 | % |
| Consumer & other                      | 641 |  |   | 2.9 | % |   | 1,012 |  |   | 3.2 | % |
| Total allowance for noncovered loans      | $ | 15,122 |  |   | 72.6 | % |   | $ | 14,660 |  |   | 67.5 | % |
| Covered loans:                            |   |   |   |   |   |   |   |
| Construction, land & land development | $ | 8,252 |  |   | 4.1 | % |   | $ | 15,716 |  |   | 5.6 | % |
| Other commercial real estate              | 5,358 |  |   | 8.0 | % |   | 16,926 |  |   | 9.5 | % |
| Total commercial real estate              | 13,610 |  |   | 12.1 | % |   | 32,642 |  |   | 15.1 | % |
| Commercial & industrial               | 2,124 |  |   | .7 | % |   | 1,783 |  |   | 1.0 | % |
| Owner-occupied real estate                | 3,215 |  |   | 5.5 | % |   | (790 | ) |   | 5.9 | % |
| Total commercial & industrial         | 5,339 |  |   | 6.2 | % |   | 993 |  |   | 6.9 | % |
| Residential real estate                   | 9,289 |  |   | 9.1 | % |   | 21,189 |  |   | 9.7 | % |
| Consumer & other                      | 468 |  |   | — | % |   | 654 |  |   | .8 | % |
| Total allowance for covered loans         | $ | 28,706 |  |   | 27.4 | % |   | $ | 55,478 |  |   | 32.5 | % |
| Total allowance for loan losses           | $ | 43,828 |  |   | 100.0 | % |   | $ | 70,138 |  |   | 100.0 | % |

----

|                                                                 |
|-----------------------------------------------------------------|
|                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                            | At March 31, 2013 |   | At December 31, 2012 |
| (dollars in thousands)                                          | Noncovered Assets |   | Covered Assets |   | Total |   | Noncovered Assets |   | Covered Assets |   | Total |
| Nonaccrual loans                                                | $ | 3,413 |  |   | $ | — |  |   | $ | 3,413 |  |   | $ | 2,621 |  |   | $ | — |  |   | $ | 2,621 |  |
| Troubled debt restructurings not included above (1)             | 970 |  |   | — |  |   | 970 |  |   | 2,171 |  |   | — |  |   | 2,171 |  |
| Total nonperforming loans                                       | 4,383 |  |   | — |  |   | 4,383 |  |   | 4,792 |  |   | — |  |   | 4,792 |  |
| Other real estate owned                                         | 276 |  |   | 47,401 |  |   | 47,677 |  |   | 1,115 |  |   | 45,062 |  |   | 46,177 |  |
| Total nonperforming assets                                      | $ | 4,659 |  |   | $ | 47,401 |  |   | $ | 52,060 |  |   | $ | 5,907 |  |   | $ | 45,062 |  |   | $ | 50,969 |  |
| Nonperforming loans to total loans                              | .42 | % |   | — | % |   | .30 | % |   | .49 | % |   | — | % |   | .33 | % |
| Nonperforming assets to total loans and other real estate owned | .44 | % |   | 10.67 | % |   | 3.48 | % |   | .60 | % |   | 8.67 | % |   | 3.38 | % |

----

|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                | March 31, 2013 |   | December 31, 2012 |
| (dollars in thousands)              | Amount |   | % of total |   | Amount |   | % of total |
| Noninterest-bearing demand deposits | $ | 409,717 |  |   | 19.1 | % |   | $ | 387,450 |  |   | 18.0 | % |
| Interest-bearing demand deposits    | 333,336 |  |   | 15.5 | % |   | 355,651 |  |   | 16.6 | % |
| Savings and money market accounts   | 959,912 |  |   | 44.7 | % |   | 949,631 |  |   | 44.2 | % |
| Time deposits less than $100,000    | 194,098 |  |   | 9.0 | % |   | 201,715 |  |   | 9.4 | % |
| Time deposits $100,000 or greater   | 251,127 |  |   | 11.7 | % |   | 253,989 |  |   | 11.8 | % |
| Total deposits                      | $ | 2,148,190 |  |   | 100.0 | % |   | $ | 2,148,436 |  |   | 100.0 | % |

----

|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                | March 31, 2013 |   | March 31, 2012 |
| (dollars in thousands)              | Amount |   | Average Rate |   | Amount |   | Average Rate |
| Noninterest-bearing demand deposits | $ | 384,660 |  |   | — | % |   | $ | 300,704 |  |   | — | % |
| Interest-bearing demand deposits    | 324,342 |  |   | .12 | % |   | 310,662 |  |   | .13 | % |
| Savings and money market accounts   | 956,517 |  |   | .43 | % |   | 1,115,877 |  |   | .50 | % |
| Time deposits less than $100,000    | 197,908 |  |   | .59 | % |   | 262,116 |  |   | 1.12 | % |
| Time deposits $100,000 or greater   | 251,955 |  |   | .82 | % |   | 214,205 |  |   | 1.08 | % |
| Total deposits                      | $ | 2,115,382 |  |   |  |  |   | $ | 2,203,564 |  |   |  |

|                               |
|-------------------------------|
|                               |  |  |  |
| (in thousands)                |   |
| Three months or less          | $ | 26,317 |  |
| Over three through six months | 31,243 |  |
| Over six though twelve months | 45,816 |  |
| Over twelve months            | 147,751 |  |
| Total                         | $ | 251,127 |  |

|                                                  |
|--------------------------------------------------|
|                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                             | Ending Balance |   | Period End Rate |   | MaximumMonth-End Balance |   | Average for the Period |
| (dollars in thousands)                           |   |   |   | Balance |   | Rate |
| At or for the three months ended March 31, 2013: |   |   |   |   |   |   |   |   |   |
| Securities sold under agreements to repurchase   | $ | 3,959 |  |   | .10 | % |   | $ | 6,240 |  |   | $ | 3,388 |  |   | .12 | % |
| Notes payable                                    | 3,861 |  |   | 7.97 | % |   | 3,861 |  |   | 2,536 |  |   | 12.63 | % |
|                                             |   |   |   |   |   |   |   |   |   |
| At or for the year ended December 31, 2012:      |   |   |   |   |   |   |   |   |   |
| Securities sold under agreements to repurchase   | $ | 4,755 |  |   | .10 | % |   | $ | 7,748 |  |   | $ | 3,537 |  |   | .11 | % |
| Notes payable                                    | 2,523 |  |   | 7.91 | % |   | 2,537 |  |   | 2,531 |  |   | 8.53 | % |

----

|                                 |
|---------------------------------|
|                                 |  |  |  |  |  |  |  |  |  |  |  |
|                            | March 31, 2013 |   | December 31, 2012 |
|                            | Bank |   | Company |   | Bank |   | Company |
| Leverage ratio                  | 13.23 | % |   | 15.51 | % |   | 14.14 | % |   | 15.49 | % |
| Tier 1 risk-based capital ratio | 24.02 | % |   | 28.17 | % |   | 26.68 | % |   | 29.25 | % |
| Total risk-based capital ratio  | 25.29 | % |   | 29.45 | % |   | 27.98 | % |   | 30.54 | % |

----

|                             |
|-----------------------------|
|                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                        | Payments Due by Period |
| (in thousands)              | Total |   | Less than1 year |   | 1 to 3 years |   | 3 to 5 years |   | More than 5 years |
| Operating lease obligations | $ | 20,966 |  |   | $ | 1,701 |  |   | $ | 4,086 |  |   | $ | 3,823 |  |   | $ | 11,356 |  |

----

----

|                                                |
|------------------------------------------------|
|                                                |  |  |
| Shift in Interest Rates (in basis points) |   | % Change in Projected Baseline Net Interest Income |
| +200                                           |   | .81% |
| +100                                           |   | (.32) |
| -100                                           |   | 1.31 |
| -200                                           |   | Not meaningful |

----

|                                                                            |
|----------------------------------------------------------------------------|
|                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                       | For the Three Months Ended |   | For the Three Months Ended |
|                                                                       | 2013 |   | 2012 |
| (dollars in thousands)                                           | AverageBalance |   | Income/Expense |   | Yield/Rate (1) |   | AverageBalance |   | Income/Expense |   | Yield/Rate (1) |
| Assets:                                                                    |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing deposits in other financial institutions                  | $ | 447,929 |  |   | $ | 251 |  |   | .23 | % |   | $ | 158,949 |  |   | $ | 102 |  |   | .26 | % |
| Taxable investment securities                                              | 311,335 |  |   | 2,167 |  |   | 2.82 | % |   | 333,661 |  |   | 2,760 |  |   | 3.37 | % |
| Nontaxable investment securities, tax-equivalent basis (2)                 | 10,236 |  |   | 129 |  |   | 5.11 | % |   | 10,199 |  |   | 160 |  |   | 6.31 | % |
| Noncovered loans receivable (3)                                            | 1,007,094 |  |   | 14,319 |  |   | 5.77 | % |   | 722,908 |  |   | 11,834 |  |   | 6.58 | % |
| Covered loans receivable                                                   | 427,403 |  |   | 20,636 |  |   | 19.58 | % |   | 806,508 |  |   | 23,490 |  |   | 11.71 | % |
| Total earning assets                                                       | 2,203,997 |  |   | 37,502 |  |   | 6.90 | % |   | 2,032,225 |  |   | 38,346 |  |   | 7.60 | % |
| Total nonearning assets                                                    | 431,243 |  |   |   |   |   |   | 628,193 |  |   |   |   |   |
| Total assets                                                               | $ | 2,635,240 |  |   |   |   |   |   | $ | 2,660,418 |  |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   |   |   |
| Liabilities:                                                               |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing liabilities:                                              |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing transaction accounts                                      | $ | 324,342 |  |   | $ | 94 |  |   | .12 | % |   | $ | 310,662 |  |   | $ | 98 |  |   | .13 | % |
| Savings & money market deposits                                   | 956,517 |  |   | 1,023 |  |   | .43 | % |   | 1,115,877 |  |   | 1,390 |  |   | .50 | % |
| Time deposits less than $100,000                                           | 197,908 |  |   | 288 |  |   | .59 | % |   | 262,116 |  |   | 731 |  |   | 1.12 | % |
| Time deposits $100,000 or greater                                          | 251,955 |  |   | 511 |  |   | .82 | % |   | 214,205 |  |   | 577 |  |   | 1.08 | % |
| Notes Payable                                                              | 2,536 |  |   | 79 |  |   | 12.63 | % |   | 2,537 |  |   | 55 |  |   | 8.72 | % |
| Securities sold under agreements to repurchase and federal funds purchased | 3,388 |  |   | 1 |  |   | .12 | % |   | 3,564 |  |   | 1 |  |   | .11 | % |
| Total interest-bearing liabilities                                         | 1,736,646 |  |   | 1,996 |  |   | .47 | % |   | 1,908,961 |  |   | 2,852 |  |   | .60 | % |
| Noninterest-bearing liabilities:                                           |   |   |   |   |   |   |   |   |   |   |   |
| Noninterest-bearing demand deposits                                        | 384,660 |  |   |   |   |   |   | 300,704 |  |   |   |   |   |
| Other liabilities                                                          | 76,149 |  |   |   |   |   |   | 43,652 |  |   |   |   |   |
| Shareholders’ equity                                                 | 437,785 |  |   |   |   |   |   | 407,101 |  |   |   |   |   |
| Total liabilities and shareholders’ equity                           | $ | 2,635,240 |  |   |   |   |   |   | $ | 2,660,418 |  |   |   |   |   |
| Net interest income                                                        |   |   | $ | 35,506 |  |   |   |   |   |   | $ | 35,494 |  |   |   |
| Net interest spread                                                        |   |   |   |   | 6.43 | % |   |   |   |   |   | 7.00 | % |
| Net interest margin                                                        |   |   |   |   | 6.53 | % |   |   |   |   |   | 7.03 | % |
| Cost of funds                                                              |   |   |   |   | .38 | % |   |   |   |   |   | .52 | % |

----

|                                                           |
|-----------------------------------------------------------|
|                                                           |  |  |  |  |  |  |  |  |  |  |  |
|                                                      | Three Months Ended |
|                                                      | March 31, 2013 |
|                                                      | vs. March 31, 2012 |
|                                                      | Change Attributable to |   |   |
|                                                      | Volume |   | Rate |   | Total Increase (Decrease) (1) |
| Interest income:                                          |   |   |   |   |   |
| Noncovered loans                                          | $ | 12,583 |  |   | $ | (10,098 | ) |   | $ | 2,485 |  |
| Covered loans                                             | (48,264 | ) |   | 45,410 |  |   | (2,854 | ) |
| Taxable investment securities                             | (160 | ) |   | (433 | ) |   | (593 | ) |
| Nontaxable investment securities                          | 3 |  |   | (34 | ) |   | (31 | ) |
| Interest-bearing deposits in other financial institutions | 362 |  |   | (213 | ) |   | 149 |  |
| Total interest income                                     | (35,476 | ) |   | 34,632 |  |   | (844 | ) |
|                                                      |   |   |   |   |   |
| Interest expense:                                         |   |   |   |   |   |
| Total deposits                                            | (211 | ) |   | (669 | ) |   | (880 | ) |
| Notes payable                                             | — |  |   | 24 |  |   | 24 |  |
| Total interest expense                                    | (211 | ) |   | (645 | ) |   | (856 | ) |
| Net interest income                                       | $ | (35,265 | ) |   | $ | 35,277 |  |   | $ | 12 |  |

----

|                                                           |
|-----------------------------------------------------------|
|                                                           |  |  |  |  |  |  |  |
|                                                      | Three Months Ended |
|                                                      | March 31 |
|                                                      | 2013 |   | 2012 |
|                                                           |   |   |   |
| Amortization of FDIC receivable for loss share agreements | $ | (16,779 | ) |   | $ | (7,010 | ) |
| Service charges on deposits                               | 1,215 |  |   | 1,212 |  |
| Mortgage banking income                                   | 306 |  |   | 302 |  |
| Gain on sale of investment securities                     | 364 |  |   | 93 |  |
| Payroll fee income                                        | 832 |  |   | — |  |
| ATM income                                                | 605 |  |   | 585 |  |
| Other                                                     | 854 |  |   | 559 |  |
| Total noninterest income                                  | $ | (12,603 | ) |   | $ | (4,259 | ) |

----

|                                                      |
|------------------------------------------------------|
|                                                      |  |  |  |  |  |  |  |
|                                                 | Three Months Ended |
|                                                 | March 31 |
|                                                 | 2013 |   | 2012 |
|                                                      |   |   |   |
| Salaries and employee benefits                       | $ | 17,395 |  |   | $ | 12,963 |  |
| Occupancy and equipment                              | 2,456 |  |   | 2,457 |  |
| Legal and professional fees                          | 1,601 |  |   | 1,517 |  |
| Marketing                                            | 328 |  |   | 264 |  |
| Federal insurance premiums and other regulatory fees | 469 |  |   | 418 |  |
| Net cost of operations of real estate owned          | 1,288 |  |   | 1,558 |  |
| Data processing                                      | 1,437 |  |   | 1,864 |  |
| Amortization of intangibles                          | 370 |  |   | 246 |  |
| Other                                                | 1,320 |  |   | 1,406 |  |
| Total noninterest expense                            | $ | 26,664 |  |   | $ | 22,693 |  |

----

----

|             |
|-------------|
|             |  |  |
| Exhibit No. |   | Description of Exhibit |
| 10.1        |   | Employment Agreement dated March 15, 2013 by and among J. Thomas Wiley, Jr. and State Bank and Trust Company (incorporated by reference to Exhibit 10.1 of our Current Report on Form 8-K/A filed on March 15, 2013) |
|        |   |   |
| 10.2        |   | Fourth Amendment to Employment Agreement dated March 15, 2013 by and among Kim M. Childers and State Bank and Trust Company (incorporated by reference to Exhibit 10.1 of our Current Report on Form 8-K filed on March 15, 2013) |
|        |   |   |
| 10.3        |   | Separation Agreement dated March 15, 2013 by and among Thomas L. Callicutt, Jr. and State Bank and Trust Company (incorporated by reference to Exhibit 10.2 of our Current Report on Form 8-K filed on March 15, 2013) |
|        |   |   |
| 10.4        |   | Third Amendment to Employment Agreement dated March 15, 2013 by and among Stephen W. Doughty and State Bank and Trust Company (incorporated by reference to Exhibit 10.3 of our Current Report on Form 8-K filed on March 15, 2013) |
|        |   |   |
| 31.1        |   | Rule 13a-14(a) Certification of the Chief Executive Officer |
|        |   |   |
| 31.2        |   | Rule 13a-14(a) Certification of the Chief Financial Officer |
|        |   |   |
| 32.1        |   | Section 1350 Certifications |
|        |   |   |
| 101         |   | The following materials from the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2013, formatted in eXtensible Business Reporting Language (XBRL); (i) Consolidated Statements of Financial Condition at March 31, 2013 and December 31, 2012, (ii) Consolidated Statements of Income for the three months ended March 31, 2013 and 2012, (iii) Consolidated Statements of Comprehensive Income for the three months ended March 31, 2013 and 2012, (iv) Consolidated Statement of Changes in Shareholders’ Equity for the three months ended March 31, 2013 and 2012, (v)  Consolidated Statements of Cash Flows for the three months ended March 31, 2013 and 2012, and (vi) Notes to Consolidated Financial Statements. (incorporated by reference to Exhibit 101 of our Quarterly Report on Form 10-Q filed on May 10, 2013)* |

----

|               |
|---------------|
|               |  |  |
|          |   | STATE BANK FINANCIAL CORPORATION |
|          |   |   |
| July 18, 2013 | By: | /s/ Joseph W. Evans |
|          |   | Joseph W. Evans |
|          |   | Chief Executive Officer (Principal Executive Officer) |
|          |   |   |
|          |   |   |
| July 18, 2013 | By: | /s/ Thomas L. Callicutt, Jr. |
|          |   | Thomas L. Callicutt, Jr. |
|          |   | Chief Financial Officer (Principal Financial and Accounting Officer) |

----

|      |
|------|
|      |  |  |
| 10.1 |   | Employment Agreement dated March 15, 2013 by and among J. Thomas Wiley, Jr. and State Bank and Trust Company (incorporated by reference to Exhibit 10.1 of our Current Report on Form 8-K/A filed on March 15, 2013) |
| 10.2 |   | Fourth Amendment to Employment Agreement dated March 15, 2013 by and among Kim M. Childers and State Bank and Trust Company (incorporated by reference to Exhibit 10.1 of our Current Report on Form 8-K filed on March 15, 2013) |
| 10.3 |   | Separation Agreement dated March 15, 2013 by and among Thomas L. Callicutt, Jr. and State Bank and Trust Company (incorporated by reference to Exhibit 10.2 of our Current Report on Form 8-K filed on March 15, 2013) |
| 10.4 |   | Third Amendment to Employment Agreement dated March 15, 2013 by and among Stephen W. Doughty and State Bank and Trust Company (incorporated by reference to Exhibit 10.3 of our Current Report on Form 8-K filed on March 15, 2013) |
| 31.1 |   | Rule 13a-14(a) Certification of the Chief Executive Officer |
| 31.2 |   | Rule 13a-14(a) Certification of the Chief Financial Officer |
| 32.1 |   | Section 1350 Certifications |
| 101  |   | The following materials from the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2013, formatted in eXtensible Business Reporting Language (XBRL); (i) Consolidated Statements of Financial Condition at March 31, 2013 and December 31, 2012, (ii) Consolidated Statements of Income for the three months ended March 31, 2013 and 2012, (iii) Consolidated Statements of Comprehensive Income for the three months ended March 31, 2013 and 2012, (iv) Consolidated Statement of Changes in Shareholders’ Equity for the three months ended March 31, 2013 and 2012, (v)  Consolidated Statements of Cash Flows for the three months ended March 31, 2013 and 2012, and (vi) Notes to Consolidated Financial Statements (incorporated by reference to Exhibit 101 of our Quarterly Report on Form 10-Q filed on May 10, 2013)* |