----

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| FLORIDA                                                                                                                                                                                                                                                                                                                                                                                                                                    |                                                                                                                                         | 65-0655973                           |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization)                                                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                         | (I.R.S. Employer Identification No.) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                         |                                 |
| 599 9th STREET NORTH, SUITE 101, NAPLES, FLORIDA 34102-5624                                                                                                                                                                                                                                                                                                                                                                                |
| (Address of principal executive offices) (Zip Code)                                                                                                                                                                                                                                                                                                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                         |                                 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                       | (239) 263-3344                                                                                                                               |                                 |
| (Registrant’s telephone number, including area code)                                                                                                                                                                                                                                                                                                                                                                                 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                         |                                 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                       | Not Applicable                                                                                                                               |                                 |
| (Former name, former address and former fiscal year, if changed since last report)                                                                                                                                                                                                                                                                                                                                                         |
|                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                         |                                 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                         |                                 |
| Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  TYes   £No                                         |
|                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  £Yes   £No |
|                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                         |                                 |
| Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “accelerated filer”, “ large accelerated filer” and  “smaller reporting company” in Rule 12b-2 of the Exchange Act (Check one):                                                                                |
| £ Large accelerated filer                                                                                                                                                                                                                                                                                                                                                                                                             | £ Accelerated filer                                                                                                                     |                                 |
| T Non-accelerated filer                                                                                                                                                                                                                                                                                                                                                                                                               |                   £ Smaller reporting company |                                 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                         |                                 |
| Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  £Yes    TNo                                                                                                                                                                                                                                                                           |
|                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                         |                                 |
| Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:                                                                                                                                                                                                                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                         |                                 |
| Common Stock, $0.10 Par Value                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                                                                         | 714,887,922                          |
| Class                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                         | Outstanding as of October 31, 2010   |

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|  PART I.  FINANCIAL INFORMATION                                                                                                                                                                                                                                                                                                                                                          |  3  |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|
|  Item 1.  Financial Statements                                                                        |  3  |
|  Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations                                                                                                                                                       |  24 |
|  Item 3.  Quantitative and Qualitative Disclosures About Market Risk                                                                                                                       |  44 |
|  Item 4.  Controls and Procedures                                                                     |  44 |
|                                                                                                                                                                                                                                                                                                                                                                                                    |     |
|  PART II.  OTHER INFORMATION                                                           |  45 |
|  Item 1a. Risk Factors                                                                                                                                                                                                                                                                                                                                                                        |  45 |
|  Item 4.  Other Information                                                                                                                                                                                                                                                                                                                                                         |  47 |
|  Item5. Exhibits                                                                                                                                                                                                                                                                                                                                                                                   |  47 |
|                                                                                                                                                                                                                                                                                                                                                                                                    |     |
|                                                                                                                                                                                                                                                                                                                                                                                                    |     |
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|                                                                                                                                                                                                                                                                                                                                                                                                    |     |

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| TIB FINANCIAL CORP.CONSOLIDATED BALANCE SHEETS(Unaudited)                                                          (Dollars in thousands, except per share data) |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | Successor Company |   |   | Predecessor Company |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | September 30, 2010 |   |   | December 31, 2009 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |
| Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |   |   |   |   |
| Cash and due from banks                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | $ | 229,665 |   |   | $ | 167,402 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Investment securities available for sale                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   | 309,386 |   |   |   | 250,339 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Loans, net of deferred loan costs and fees                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   | 1,000,544 |   |   |   | 1,197,516 |   |
| Less: Allowance for loan losses                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   | - |   |   |   | 29,083 |   |
| Loans, net                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   | 1,000,544 |   |   |   | 1,168,433 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Premises and equipment, net                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   | 43,076 |   |   |   | 40,822 |   |
| Goodwill and intangible assets, net                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   | 81,440 |   |   |   | 7,289 |   |
| Other real estate owned                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   | 30,531 |   |   |   | 21,352 |   |
| Accrued interest receivable and other assets                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   | 46,249 |   |   |   | 49,770 |   |
| Total Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | $ | 1,740,891 |   |   | $ | 1,705,407 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Liabilities and Shareholders’ Equity                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
| Deposits:                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |   |   |   |   |
| Noninterest-bearing demand                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | $ | 171,376 |   |   | $ | 171,821 |   |
| Interest-bearing                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   | 1,159,773 |   |   |   | 1,197,563 |   |
| Total deposits                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | 1,331,149 |   |   |   | 1,369,384 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Federal Home Loan Bank (FHLB) advances                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   | 132,077 |   |   |   | 125,000 |   |
| Short-term borrowings                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   | 43,828 |   |   |   | 80,475 |   |
| Long-term borrowings                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   | 34,533 |   |   |   | 63,000 |   |
| Accrued interest payable and other liabilities                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | 22,239 |   |   |   | 12,030 |   |
| Total liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | 1,563,826 |   |   |   | 1,649,889 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Shareholders’ equity                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Preferred stock – 5,000,000 shares authorized                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |   |   |   |   |   |   |
| Series A – $.10 par value: 37,000 shares issued and outstanding, liquidation preference of $37,697 as of December 31, 2009                                                                                                                                                                                                                                                                                                                              |   |   | - |   |   |   | 33,730 |   |
| Series B – no par value: 70,000 shares issued and outstanding, liquidation preference of $70,000 as of September 30, 2010                                                                                                                                                                                                                                                                                                                               |   |   | 70,000 |   |   |   | - |   |
| Common stock - $.10 par value: 750,000,000 and 100,000,000 shares authorized, 714,887,922 and 14,961,376 shares issued, 714,887,922 and 14,887,922 shares outstanding, respectively                                                                                                                                                                                                                                                                           |   |   | 71,496 |   |   |   | 1,496 |   |
| Additional paid in capital                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   | 35,569 |   |   |   | 74,673 |   |
| Accumulated deficit                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   | - |   |   |   | (49,994 | ) |
| Accumulated other comprehensive loss                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   | - |   |   |   | (3,818 | ) |
| Treasury stock, at cost, 73,454 shares at December 31, 2009                                                                                                                                                                                                                                                                                                                                                                                                   |   |   | - |   |   |   | (569 | ) |
| Total shareholders’ equity                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   | 177,065 |   |   |   | 55,518 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| Total Liabilities and Shareholders’ Equity                                                                                                                                                                                                                                                                                                                                                                                                              |   | $ | 1,740,891 |   |   | $ | 1,705,407 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |   |   |   |
| See accompanying notes to consolidated financial statements                                                                                                                                                                                                                                                                                                                                                                                                   |   |

----

|                                                                                                     |   | Predecessor Company            |    |
|----------------------------------------------------------------------------------------------------------|--------|--------------------------------|---------|
|                                                                                                     |   | Three Months EndedSeptember 30 |    |   | Nine Months EndedSeptember 30 |   |
|                                                                                                     |   | 2010                           |    |   | 2009 |   |   | 2010 |   |   | 2009 |   |
| Interest and dividend income                                                                             |   |                           |    |   |   |   |   |   |   |   |   |   |
| Loans, including fees                                                                                    |   | $                              | 14,836  |   |   | $ | 17,267 |   |   | $ | 45,471 |   |   | $ | 52,458 |   |
| Investment securities:                                                                                   |   |                           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Taxable                                                                                                  |   |                           | 2,106   |   |   |   | 2,923 |   |   |   | 6,479 |   |   |   | 9,237 |   |
| Tax-exempt                                                                                               |   |                           | 29      |   |   |   | 75 |   |   |   | 137 |   |   |   | 224 |   |
| Interest-bearing deposits in other banks                                                                 |   |                           | 55      |   |   |   | 18 |   |   |   | 204 |   |   |   | 58 |   |
| Federal Home Loan Bank stock                                                                             |   |                           | 16      |   |   |   | 44 |   |   |   | 26 |   |   |   | 25 |   |
| Federal funds sold and securities purchased under agreements to resell                                   |   |                           | -       |   |   |   | - |   |   |   | - |   |   |   | 5 |   |
| Total interest and dividend income                                                                       |   |                           | 17,042  |   |   |   | 20,327 |   |   |   | 52,317 |   |   |   | 62,007 |   |
|                                                                                                     |   |                           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense                                                                                         |   |                           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Deposits                                                                                                 |   |                           | 4,392   |   |   |   | 6,601 |   |   |   | 13,803 |   |   |   | 21,651 |   |
| Federal Home Loan Bank advances                                                                          |   |                           | 1,195   |   |   |   | 1,256 |   |   |   | 3,590 |   |   |   | 3,941 |   |
| Short-term borrowings                                                                                    |   |                           | 21      |   |   |   | 28 |   |   |   | 69 |   |   |   | 78 |   |
| Long-term borrowings                                                                                     |   |                           | 648     |   |   |   | 679 |   |   |   | 1,973 |   |   |   | 2,123 |   |
| Total interest expense                                                                                   |   |                           | 6,256   |   |   |   | 8,564 |   |   |   | 19,435 |   |   |   | 27,793 |   |
|                                                                                                     |   |                           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net interest income                                                                                      |   |                           | 10,786  |   |   |   | 11,763 |   |   |   | 32,882 |   |   |   | 34,214 |   |
|                                                                                                     |   |                           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Provision for loan losses                                                                                |   |                           | 17,072  |   |   |   | 14,756 |   |   |   | 29,697 |   |   |   | 25,828 |   |
| Net interest income after provision for loan losses                                                      |   |                           | (6,286  | ) |   |   | (2,993 | ) |   |   | 3,185 |   |   |   | 8,386 |   |
|                                                                                                     |   |                           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-interest income                                                                                      |   |                           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Service charges on deposit accounts                                                                      |   |                           | 831     |   |   |   | 988 |   |   |   | 2,585 |   |   |   | 3,156 |   |
| Fees on mortgage loans originated and sold                                                               |   |                           | 455     |   |   |   | 340 |   |   |   | 1,219 |   |   |   | 773 |   |
| Investment advisory and trust fees                                                                       |   |                           | 328     |   |   |   | 279 |   |   |   | 948 |   |   |   | 700 |   |
| Loss on sale of indirect auto loans                                                                      |   |                           | 2       |   |   |   | - |   |   |   | (344 | ) |   |   | - |   |
| Other income                                                                                             |   |                           | 802     |   |   |   | 1,865 |   |   |   | 2,283 |   |   |   | 2,863 |   |
| Investment securities gains (losses), net                                                                |   |                           | -       |   |   |   | 1,127 |   |   |   | 2,635 |   |   |   | 2,581 |   |
| Other-than-temporary impairment losses on investments prior to April 1, 2009 adoption of ASC 320-10-65-1 |   |                           | -       |   |   |   | - |   |   |   | - |   |   |   | (23 | ) |
| Other-than-temporary impairment losses on investments subsequent to April 1, 2009                        |   |                           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross impairment losses                                                                                  |   |                           | -       |   |   |   | - |   |   |   | - |   |   |   | (740 | ) |
| Less: Impairments recognized in other comprehensive income                                               |   |                           | -       |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Net impairment losses recognized in earnings subsequent to April 1, 2009                                 |   |                           | -       |   |   |   | - |   |   |   | - |   |   |   | (740 | ) |
| Total non-interest income                                                                                |   |                           | 2,418   |   |   |   | 4,599 |   |   |   | 9,326 |   |   |   | 9,310 |   |
|                                                                                                     |   |                           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-interest expense                                                                                     |   |                           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Salaries and employee benefits                                                                           |   |                           | 6,610   |   |   |   | 7,288 |   |   |   | 19,859 |   |   |   | 21,736 |   |
| Net occupancy and equipment expense                                                                      |   |                           | 2,391   |   |   |   | 2,365 |   |   |   | 6,948 |   |   |   | 6,955 |   |
| Foreclosed asset related expense                                                                         |   |                           | 15,438  |   |   |   | 1,017 |   |   |   | 21,687 |   |   |   | 2,423 |   |
| Other expense                                                                                            |   |                           | 5,348   |   |   |   | 4,524 |   |   |   | 16,822 |   |   |   | 13,605 |   |
| Total non-interest expense                                                                               |   |                           | 29,787  |   |   |   | 15,194 |   |   |   | 65,316 |   |   |   | 44,719 |   |
|                                                                                                     |   |                           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss before income taxes                                                                                 |   |                           | (33,655 | ) |   |   | (13,588 | ) |   |   | (52,805 | ) |   |   | (27,023 | ) |
|                                                                                                     |   |                           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income tax benefit                                                                                       |   |                           | -       |   |   |   | (5,491 | ) |   |   | - |   |   |   | (10,581 | ) |
|                                                                                                     |   |                           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss                                                                                                 |   | $                              | (33,655 | ) |   | $ | (8,097 | ) |   | $ | (52,805 | ) |   | $ | (16,442 | ) |
| Preferred dividends earned by preferred shareholders and discount accretion                              |   |                           | 680     |   |   |   | 650 |   |   |   | 2,009 |   |   |   | 2,008 |   |
| Gain on retirement of Series A preferred allocated to common shareholders                                |   |                           | (24,276 | ) |   |   |   |   |   |   | (24,276 | ) |   |   |   |   |
| Net loss allocated to common shareholders                                                                |   | $                              | (10,059 | ) |   | $ | (8,747 | ) |   | $ | (30,538 | ) |   | $ | (18,450 | ) |
|                                                                                                     |   |                           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted loss per common share                                                                  |   | $                              | (0.68   | ) |   | $ | (0.59 | ) |   | $ | (2.06 | ) |   | $ | (1.25 | ) |
|                                                                                                     |   |                           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| Predecessor Company                                              |   |  PreferredShares |   |   |  PreferredStock |   |   | Common Shares |   |   | Common Stock |   |   | Additional Paid in Capital |   |   | Accumulated Deficit |   |   | Accumulated Other Comprehensive Income (Loss) |   |   | TreasuryStock |   |   | Total Shareholders’ Equity |   |
|------------------------------------------------------------------|--------|-----------------------|--------|--------|----------------------|--------|--------|---------------|--------|--------|--------------|--------|--------|----------------------------|--------|--------|---------------------|--------|--------|-----------------------------------------------|--------|--------|---------------|--------|--------|----------------------------------|--------|
| Balance, July 1, 2010                                            |   |                  | 37,000 |   |                 | $      | 34,110 |          |   |   | 14,887,922   |   |   | $                          | 1,496  |   |                | $      | 74,929 |                                          |   | $      | (69,524       | )      |   | $                                | (1,406 | ) |   | $ | (569 | ) |   | $ | 39,036 |   |
| Comprehensive loss:                                              |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                |   |   |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   |   |   |
| Net loss                                                         |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                |   |   |                                          |   |   | (33,655       | )      |   |                             |   |   |   |   |   |   |   |   | (33,655 | ) |
| Other comprehensive income                                       |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                |   |   |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   |   |   |
| Net market valuation adjustment on securities available for sale |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                |   |   |                                          |   |   |          |   |   |                             | 849    |   |   |   |   |   |   |   |   |   |
| Other comprehensive income:                                      |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                |   |   |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   | 849 |   |
| Comprehensive loss                                               |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                |   |   |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   | (32,806 | ) |
| Preferred stock discount accretion                               |   |                  |   |   |                 |   | 192    |          |   |   |         |   |   |                       |   |   |                |   |   |                                          |   |   | (192          | )      |   |                             |   |   |   |   |   |   |   |   | - |   |
| Stock-based compensation                                         |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                |   | 529    |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   | 529 |   |
| Balance, September 30, 2010 Predecessor Company                  |   |                  | 37,000 |   |                 | $      | 34,302 |          |   |   | 14,887,922   |   |   | $                          | 1,496  |   |                | $      | 75,458 |                                          |   | $      | (103,371      | )      |   | $                                | (557   | ) |   | $ | (569 | ) |   | $ | 6,759 |   |
|                                                             |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                |   |   |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   |   |   |

| Successor Company                              |   |  PreferredShares |   |   |  PreferredStock |   |   | Common Shares |   |   | Common Stock |   |   | Additional Paid in Capital |   |   | Accumulated Deficit |   |   | Accumulated Other Comprehensive Income (Loss) |   |   | TreasuryStock |   |   | Total Shareholders’ Equity |   |
|------------------------------------------------|--------|-----------------------|--------|--------|----------------------|--------|--------|---------------|--------|--------|--------------|--------|--------|----------------------------|--------|--------|---------------------|--------|--------|-----------------------------------------------|--------|--------|---------------|--------|--------|----------------------------------|--------|
| Balance, September 30, 2010                    |   |                  | -      |   |                 | $      | -      |          |   |   | -            |   |   | $                          | -      |   |                | $      | -      |                                          |   | $      | -             |   |   | $                                | -      |   |   | $ | - |   |   | $ | - |   |
| Share issuance and Series A Preferred exchange |   |                  | 70,000 |   |                 |   | 70,000 |          |   |   | 714,887,922  |   |   |                       | 71,496 |   |                |   | 35,569 |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   | 177,065 |   |
| Balance, September 30, 2010 Successor Company  |   |                  | 70,000 |   |                 | $      | 70,000 |          |   |   | 714,887,922  |   |   | $                          | 71,496 |   |                | $      | 35,569 |                                          |   | $      | -             |   |   | $                                | -      |   |   | $ | - |   |   | $ | 177,065 |   |
|                                           |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                |   |   |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   |   |   |

| Predecessor Company                                                     |   |  PreferredShares |   |   |  PreferredStock |   |   | Common Shares |   |   | Common Stock |   |   | Additional Paid in Capital |   |   | Retained Earnings (Accumulated Deficit) |   |   | Accumulated Other Comprehensive Income (Loss) |   |   | TreasuryStock |   |   | Total Shareholders’ Equity |   |
|-------------------------------------------------------------------------|--------|-----------------------|--------|--------|----------------------|--------|--------|---------------|--------|--------|--------------|--------|--------|----------------------------|--------|--------|-----------------------------------------|--------|--------|-----------------------------------------------|--------|--------|---------------|--------|--------|----------------------------------|--------|
| Balance, July 1, 2009                                                   |   |                  | 37,000 |   |                 | $      | 33,354 |          |   |   | 14,895,143   |   |   | $                          | 1,497  |   |                                    | $      | 74,308 |                                          |   | $      | 4,259         |   |   | $                                | (881   | ) |   | $ | (569 | ) |   | $ | 111,968 |   |
| Comprehensive loss:                                                     |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                                    |   |   |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   |   |   |
| Net loss                                                                |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                                    |   |   |                                          |   |   | (8,097        | )      |   |                             |   |   |   |   |   |   |   |   | (8,097 | ) |
| Other comprehensive income, net of tax:                                 |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                                    |   |   |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   |   |   |
| Net market valuation adjustment on securities available for sale        |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                                    |   |   |                                          |   |   |          |   |   |                             | 1,498  |   |   |   |   |   |   |   |   |   |
| Less: reclassification adjustment for gains, net of tax expense of $424 |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                                    |   |   |                                          |   |   |          |   |   |                             | (703   | ) |   |   |   |   |   |   |   |   |
| Other comprehensive income, net of tax expense of $479                  |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                                    |   |   |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   | 795 |   |
| Comprehensive loss                                                      |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                                    |   |   |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   | (7,302 | ) |
| Restricted stock cancellations                                          |   |                  |   |   |                 |   |   |          |   |   | (7,060       | )      |   |                       | (1     | )      |                                    |   | 1      |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   | - |   |
| Preferred stock discount accretion                                      |   |                  |   |   |                 |   | 187    |          |   |   |         |   |   |                       |   |   |                                    |   |   |                                          |   |   | (187          | )      |   |                             |   |   |   |   |   |   |   |   | - |   |
| Stock-based compensation and related tax effect                         |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                                    |   | 98     |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   | 98 |   |
| Common stock dividends declared, 1%                                     |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                                    |   | 212    |                                          |   |   | (212          | )      |   |                             |   |   |   |   |   |   |   |   | - |   |
| Cash dividends declared, preferred stock                                |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                                    |   |   |                                          |   |   | (462          | )      |   |                             |   |   |   |   |   |   |   |   | (462 | ) |
| Balance, September 30, 2009                                             |   |                  | 37,000 |   |                 | $      | 33,541 |          |   |   | 14,888,083   |   |   | $                          | 1,496  |   |                                    | $      | 74,619 |                                          |   | $      | (4,699        | )      |   | $                                | (86    | ) |   | $ | (569 | ) |   | $ | 104,302 |   |
|                                                                    |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                                    |   |   |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   |   |   |

----

| Predecessor Company                                              |   |  PreferredShares |   |   |  PreferredStock |   |   | Common Shares |   |   | Common Stock |   |   | Additional Paid in Capital |   |   | Accumulated Deficit |   |   | Accumulated Other Comprehensive Income (Loss) |   |   | TreasuryStock |   |   | Total Shareholders’ Equity |   |
|------------------------------------------------------------------|--------|-----------------------|--------|--------|----------------------|--------|--------|---------------|--------|--------|--------------|--------|--------|----------------------------|--------|--------|---------------------|--------|--------|-----------------------------------------------|--------|--------|---------------|--------|--------|----------------------------------|--------|
| Balance, January 1, 2010                                         |   |                  | 37,000 |   |                 | $      | 33,730 |          |   |   | 14,887,922   |   |   | $                          | 1,496  |   |                | $      | 74,673 |                                          |   | $      | (49,994       | )      |   | $                                | (3,818 | ) |   | $ | (569 | ) |   | $ | 55,518 |   |
| Comprehensive loss:                                              |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                |   |   |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   |   |   |
| Net loss                                                         |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                |   |   |                                          |   |   | (52,805       | )      |   |                             |   |   |   |   |   |   |   |   | (52,805 | ) |
| Other comprehensive income                                       |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                |   |   |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   |   |   |
| Net market valuation adjustment on securities available for sale |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                |   |   |                                          |   |   |          |   |   |                             | 5,896  |   |   |   |   |   |   |   |   |   |
| Less: reclassification adjustment for gains                      |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                |   |   |                                          |   |   |          |   |   |                             | (2,635 | ) |   |   |   |   |   |   |   |   |
| Other comprehensive income:                                      |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                |   |   |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   | 3,261 |   |
| Comprehensive loss                                               |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                |   |   |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   | (49,544 | ) |
| Preferred stock discount accretion                               |   |                  |   |   |                 |   | 572    |          |   |   |         |   |   |                       |   |   |                |   |   |                                          |   |   | (572          | )      |   |                             |   |   |   |   |   |   |   |   | - |   |
| Stock-based compensation                                         |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                |   | 785    |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   | 785 |   |
| Balance, September 30, 2010 Predecessor Company                  |   |                  | 37,000 |   |                 | $      | 34,302 |          |   |   | 14,887,922   |   |   | $                          | 1,496  |   |                | $      | 75,458 |                                          |   | $      | (103,371      | )      |   | $                                | (557   | ) |   | $ | (569 | ) |   | $ | 6,759 |   |
|                                                             |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                |   |   |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   |   |   |

| Successor Company                              |   |  PreferredShares |   |   |  PreferredStock |   |   | Common Shares |   |   | Common Stock |   |   | Additional Paid in Capital |   |   | Accumulated Deficit |   |   | Accumulated Other Comprehensive Income (Loss) |   |   | TreasuryStock |   |   | Total Shareholders’ Equity |   |
|------------------------------------------------|--------|-----------------------|--------|--------|----------------------|--------|--------|---------------|--------|--------|--------------|--------|--------|----------------------------|--------|--------|---------------------|--------|--------|-----------------------------------------------|--------|--------|---------------|--------|--------|----------------------------------|--------|
| Balance, September 30, 2010                    |   |                  | -      |   |                 | $      | -      |          |   |   | -            |   |   | $                          | -      |   |                | $      | -      |                                          |   | $      | -             |   |   | $                                | -      |   |   | $ | - |   |   | $ | - |   |
| Share issuance and Series A Preferred exchange |   |                  | 70,000 |   |                 |   | 70,000 |          |   |   | 714,887,922  |   |   |                       | 71,496 |   |                |   | 35,569 |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   | 177,065 |   |
| Balance, September 30, 2010 Successor Company  |   |                  | 70,000 |   |                 | $      | 70,000 |          |   |   | 714,887,922  |   |   | $                          | 71,496 |   |                | $      | 35,569 |                                          |   | $      | -             |   |   | $                                | -      |   |   | $ | - |   |   | $ | 177,065 |   |
|                                           |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                |   |   |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   |   |   |

| Predecessor Company                                                     |   |  PreferredShares |   |   |  PreferredStock |   |   | Common Shares |   |   | Common Stock |   |   | Additional Paid in Capital |   |   | Retained Earnings (Accumulated Deficit) |   |   | Accumulated Other Comprehensive Income (Loss) |   |   | TreasuryStock |   |   | Total Shareholders’ Equity |   |
|-------------------------------------------------------------------------|--------|-----------------------|--------|--------|----------------------|--------|--------|---------------|--------|--------|--------------|--------|--------|----------------------------|--------|--------|-----------------------------------------|--------|--------|-----------------------------------------------|--------|--------|---------------|--------|--------|----------------------------------|--------|
| Balance, January 1, 2009                                                |   |                  | 37,000 |   |                 | $      | 32,920 |          |   |   | 14,895,143   |   |   | $                          | 1,497  |   |                                    | $      | 73,148 |                                          |   | $      | 14,737        |   |   | $                                | (619   | ) |   | $ | (569 | ) |   | $ | 121,114 |   |
| Comprehensive loss:                                                     |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                                    |   |   |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   |   |   |
| Net loss                                                                |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                                    |   |   |                                          |   |   | (16,442       | )      |   |                             |   |   |   |   |   |   |   |   | (16,442 | ) |
| Other comprehensive income, net of tax expense:                         |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                                    |   |   |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   |   |   |
| Net market valuation adjustment on securities available for sale        |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                                    |   |   |                                          |   |   |          |   |   |                             | 1,667  |   |   |   |   |   |   |   |   |   |
| Less: reclassification adjustment for gains, net of tax expense of $684 |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                                    |   |   |                                          |   |   |          |   |   |                             | (1,134 | ) |   |   |   |   |   |   |   |   |
| Other comprehensive income, net of tax expense of $321                  |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                                    |   |   |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   | 533 |   |
| Comprehensive loss                                                      |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                                    |   |   |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   | (15,909 | ) |
| Restricted stock cancellations                                          |   |                  |   |   |                 |   |   |          |   |   | (7,060       | )      |   |                       | (1     | )      |                                    |   | 1      |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   | - |   |
| Issuance costs associated with preferred stock issued                   |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                                    |   | (48    | )                                             |   |   |          |   |   |                             |   |   |   |   |   |   |   |   | (48 | ) |
| Preferred stock discount accretion                                      |   |                  |   |   |                 |   | 621    |          |   |   |         |   |   |                       |   |   |                                    |   |   |                                          |   |   | (621          | )      |   |                             |   |   |   |   |   |   |   |   | - |   |
| Stock-based compensation and related tax effect                         |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                                    |   | 430    |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   | 430 |   |
| Common stock dividends declared, 1%                                     |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                                    |   | 1,088  |                                          |   |   | (1,088        | )      |   |                             |   |   |   |   |   |   |   |   | - |   |
| Cash dividends declared, preferred stock                                |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                                    |   |   |                                          |   |   | (1,285        | )      |   |                             |   |   |   |   |   |   |   |   | (1,285 | ) |
| Balance, September 30, 2009                                             |   |                  | 37,000 |   |                 | $      | 33,541 |          |   |   | 14,888,083   |   |   | $                          | 1,496  |   |                                    | $      | 74,619 |                                          |   | $      | (4,699        | )      |   | $                                | (86    | ) |   | $ | (569 | ) |   | $ | 104,302 |   |
|                                                                    |   |                  |   |   |                 |   |   |          |   |   |         |   |   |                       |   |   |                                    |   |   |                                          |   |   |          |   |   |                             |   |   |   |   |   |   |   |   |   |   |

----

| TIB FINANCIAL CORP.CONSOLIDATED STATEMENTS OF CASH FLOWSINCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS(Unaudited)(Dollars in thousands) |   |
|-------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                      |   | Predecessor Company |   |
|                                                                                                                                      |   | Nine Months Ended September 30, |   |
|                                                                                                                                      |   | 2010 |   |   | 2009 |   |
| Cash flows from operating activities:                                                                                                     |   |   |   |   |   |   |
| Net loss                                                                                                                                  |   | $ | (52,805 | ) |   | $ | (16,442 | ) |
| Adjustments to reconcile net loss to net cash provided by operating activities:                                                           |   |   |   |   |   |   |   |   |
| Depreciation and amortization                                                                                                             |   |   | 3,572 |   |   |   | 3,387 |   |
| Provision for loan losses                                                                                                                 |   |   | 29,697 |   |   |   | 25,828 |   |
| Deferred income tax benefit (loss)                                                                                                        |   |   | - |   |   |   | (12,001 | ) |
| Investment securities net realized gains                                                                                                  |   |   | (2,635 | ) |   |   | (2,581 | ) |
| Net amortization of investment premium/discount                                                                                           |   |   | 2,330 |   |   |   | 1,490 |   |
| Write-down of investment securities                                                                                                       |   |   | - |   |   |   | 763 |   |
| Stock-based compensation                                                                                                                  |   |   | 785 |   |   |   | 529 |   |
| (Gain)/Loss on sales of OREO                                                                                                              |   |   | 55 |   |   |   | 173 |   |
| OREO valuation adjustments                                                                                                                |   |   | 19,116 |   |   |   | 1,415 |   |
| Loss on the sale of indirect auto loans                                                                                                   |   |   | 344 |   |   |   | - |   |
| Other                                                                                                                                     |   |   | 193 |   |   |   | 197 |   |
| Mortgage loans originated for sale                                                                                                        |   |   | (56,265 | ) |   |   | (44,405 | ) |
| Proceeds from sales of mortgage loans                                                                                                     |   |   | 55,383 |   |   |   | 42,599 |   |
| Fees on mortgage loans sold                                                                                                               |   |   | (1,218 | ) |   |   | (736 | ) |
| Change in accrued interest receivable and other assets                                                                                    |   |   | 4,681 |   |   |   | 1,786 |   |
| Change in accrued interest payable and other liabilities                                                                                  |   |   | 6,576 |   |   |   | 1,128 |   |
| Net cash provided by operating activities                                                                                                 |   |   | 9,809 |   |   |   | 3,130 |   |
|                                                                                                                                      |   |   |   |   |   |   |   |   |
| Cash flows from investing activities:                                                                                                     |   |   |   |   |   |   |   |   |
| Purchases of investment securities available for sale                                                                                     |   |   | (335,038 | ) |   |   | (549,113 | ) |
| Sales of investment securities available for sale                                                                                         |   |   | 188,601 |   |   |   | 379,774 |   |
| Repayments of principal and maturities of investment securities available for sale                                                        |   |   | 90,955 |   |   |   | 163,697 |   |
| Net cash received in acquisition of operations - Riverside Bank of the Gulf Coast                                                         |   |   | - |   |   |   | 271,398 |   |
| Acquisition of Naples Capital Advisors business                                                                                           |   |   | (296 | ) |   |   | - |   |
| Net (purchase) sale of FHLB stock                                                                                                         |   |   | 749 |   |   |   | 1,277 |   |
| Principal repayments on loans, net of loans originated or acquired                                                                        |   |   | 27,168 |   |   |   | (35,922 | ) |
| Purchases of premises and equipment                                                                                                       |   |   | (12,629 | ) |   |   | (2,074 | ) |
| Proceeds from sales of loans                                                                                                              |   |   | 26,902 |   |   |   | - |   |
| Proceeds from sale of OREO                                                                                                                |   |   | 6,794 |   |   |   | 4,461 |   |
| Proceeds from disposal of equipment                                                                                                       |   |   | 41 |   |   |   | 30 |   |
| Net cash provided by investing activities                                                                                                 |   |   | (6,753 | ) |   |   | 233,528 |   |
|                                                                                                                                      |   |   |   |   |   |   |   |   |
| Cash flows from financing activities:                                                                                                     |   |   |   |   |   |   |   |   |
| Net increase (decrease) in demand, money market and savings accounts                                                                      |   |   | (107,167 | ) |   |   | 67,501 |   |
| Net increase (decrease) in time deposits                                                                                                  |   |   | 97,546 |   |   |   | (77,692 | ) |
| Net change in brokered time deposits                                                                                                      |   |   | (37,365 | ) |   |   | (111,086 | ) |
| Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase                                     |   |   | (36,647 | ) |   |   | 1,850 |   |
| Repayment of long term FHLB advances                                                                                                      |   |   | - |   |   |   | (7,900 | ) |
| Net change in short term FHLB advances                                                                                                    |   |   | - |   |   |   | (70,000 | ) |
| Net change in long term repurchase agreements                                                                                             |   |   | (20,000 | ) |   |   | - |   |
| Net proceeds from North American Financial Holdings, Inc. Investment                                                                      |   |   | 162,840 |   |   |   | - |   |
| Income tax effect related to stock-based compensation                                                                                     |   |   | - |   |   |   | (98 | ) |
| Net proceeds from issuance costs of preferred stock and common warrants                                                                   |   |   | - |   |   |   | (48 | ) |
| Cash dividends paid to preferred shareholders                                                                                             |   |   | - |   |   |   | (1,285 | ) |
| Net cash used in financing activities                                                                                                     |   |   | 59,207 |   |   |   | (198,758 | ) |
|                                                                                                                                      |   |   |   |   |   |   |   |   |
| Net increase in cash and cash equivalents                                                                                                 |   |   | 62,263 |   |   |   | 37,900 |   |
| Cash and cash equivalents at beginning of period                                                                                          |   |   | 167,402 |   |   |   | 73,734 |   |
| Cash and cash equivalents at end of period                                                                                                |   | $ | 229,665 |   |   | $ | 111,634 |   |
|                                                                                                                                      |   |   |   |   |   |   |   |   |
| Supplemental disclosures of cash paid:                                                                                                    |   |   |   |   |   |   |   |   |
| Interest                                                                                                                                  |   | $ | 16,303 |   |   | $ | 28,198 |   |
| Income taxes                                                                                                                              |   |   | - |   |   |   | - |   |
| Supplemental information:                                                                                                                 |   |   |   |   |   |   |   |   |
| Fair value of noncash assets acquired                                                                                                     |   | $ | - |   |   | $ | 49,193 |   |
| Fair value of liabilities assumed                                                                                                         |   |   | - |   |   |   | 320,594 |   |
| Exchange of Series A Preferred Stock for common shares issued in NAFH Investment                                                |   |   | 12,160 |   |   |   | - |   |
| Transfer of loans to OREO                                                                                                                 |   |   | 35,007 |   |   |   | 24,255 |   |
| Transfer of OREO to Premises and Equipment                                                                                                |   |   | - |   |   |   | 2,942 |   |
| See accompanying notes to consolidated financial statements                                                                               |   |

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|                                         |   |   |      |
|----------------------------------------------|--------|--------|-----------|
| Fair value of assets acquired:               |   |   |      |
| Cash and cash equivalents                    |   | $      | 229,665   |   |
| Securities available for sale                |   |   | 309,386   |   |
| Loans                                        |   |   | 1,000,544 |   |
| Goodwill and intangible assets, net          |   |   | 81,440    |   |
| Other assets                                 |   |   | 119,856   |   |
| Total assets acquired                        |   | $      | 1,740,891 |   |
|                                         |   |   |      |   |
| Fair value of liabilities assumed:           |   |   |      |   |
| Deposits                                     |   | $      | 1,331,149 |   |
| Long-term debt and other borrowings          |   |   | 210,438   |   |
| Other liabilities                            |   |   | 22,239    |   |
| Total liabilities assumed                    |   | $      | 1,563,826 |   |
|                                         |   |   |      |   |
| Net assets                                   |   |   | 177,065   |   |
| Less: Non-controlling interest at fair value |   |   | 5,955     |   |
|                                         |   | $      | 171,110   |   |
|                                         |   |   |      |   |
| Underwriting, due diligence and legal costs  |   |   | 3,890     |   |
|                                         |   |   |      |   |
| Purchase consideration                       |   | $      | 175,000   |   |

----

----

----

|                                               |   | Successor Company as of September 30, 2010 |    |
|----------------------------------------------------|--------|--------------------------------------------|---------|
|                                               |   | Amortized Cost                             |    |   | Unrealized Gains |   |   | Unrealized Losses |   |   | Estimated Fair Value |   |
| U.S. Government agencies and corporations          |   | $                                          | 34,767  |   |   | $ | - |   |   | $ | - |   |   | $ | 34,767 |   |
| States and political subdivisions—tax exempt |   |                                       | 3,098   |   |   |   | - |   |   |   | - |   |   |   | 3,098 |   |
| States and political subdivisions—taxable    |   |                                       | 2,308   |   |   |   | - |   |   |   | - |   |   |   | 2,308 |   |
| Marketable equity securities                       |   |                                       | 102     |   |   |   | - |   |   |   | - |   |   |   | 102 |   |
| Mortgage-backed securities—residential       |   |                                       | 266,144 |   |   |   | - |   |   |   | - |   |   |   | 266,144 |   |
| Corporate bonds                                    |   |                                       | 2,094   |   |   |   | - |   |   |   | - |   |   |   | 2,094 |   |
| Collateralized debt obligation                     |   |                                       | 873     |   |   |   | - |   |   |   | - |   |   |   | 873 |   |
|                                               |   | $                                          | 309,386 |   |   | $ | - |   |   | $ | - |   |   | $ | 309,386 |   |

|                                               |   | Predecessor Company as of December 31, 2009 |    |
|----------------------------------------------------|--------|---------------------------------------------|---------|
|                                               |   | Amortized Cost                              |    |   | Unrealized Gains |   |   | Unrealized Losses |   |   | Estimated Fair Value |   |
| U.S. Government agencies and corporations          |   | $                                           | 29,232  |   |   | $ | 24 |   |   | $ | 84 |   |   | $ | 29,172 |   |
| States and political subdivisions—tax exempt |   |                                        | 7,754   |   |   |   | 307 |   |   |   | - |   |   |   | 8,061 |   |
| States and political subdivisions—taxable    |   |                                        | 2,313   |   |   |   | - |   |   |   | 101 |   |   |   | 2,212 |   |
| Marketable equity securities                       |   |                                        | 12      |   |   |   | - |   |   |   | 4 |   |   |   | 8 |   |
| Mortgage-backed securities—residential       |   |                                        | 207,344 |   |   |   | 2,083 |   |   |   | 1,312 |   |   |   | 208,115 |   |
| Corporate bonds                                    |   |                                        | 2,878   |   |   |   | - |   |   |   | 866 |   |   |   | 2,012 |   |
| Collateralized debt obligation                     |   |                                        | 4,996   |   |   |   | - |   |   |   | 4,237 |   |   |   | 759 |   |
|                                               |   | $                                           | 254,529 |   |   | $ | 2,414 |   |   | $ | 6,604 |   |   | $ | 250,339 |   |

|                                     |   | Successor Company as of September 30, 2010 |    |
|------------------------------------------|--------|--------------------------------------------|---------|
|                                     |   | Fair Value                                 |    |   | Amortized Cost |   |
| Due in one year or less                  |   | $                                          | 276     |   |   | $ | 276 |   |
| Due after one year through five years    |   |                                       | 29,678  |   |   |   | 29,678 |   |
| Due after five years through ten years   |   |                                       | 363     |   |   |   | 363 |   |
| Due after ten years                      |   |                                       | 12,823  |   |   |   | 12,823 |   |
| Marketable equity securities             |   |                                       | 102     |   |   |   | 102 |   |
| Mortgage-backed securities - residential |   |                                       | 266,144 |   |   |   | 266,144 |   |
|                                     |   | $                                          | 309,386 |   |   | $ | 309,386 |   |
|                                     |   |                                       |    |   |   |   |   |   |

----

|                                                  |   | Less than 12 Months  |    |   | 12 Months or Longer |   |   | Total                |   |
|-------------------------------------------------------|--------|----------------------|---------|--------|---------------------|--------|--------|----------------------|--------|
| Predecessor Company  as ofDecember 31, 2009 |   | Estimated Fair Value |    |   | Unrealized Losses   |   |   | Estimated Fair Value |   |   | Unrealized Losses |   |   | Estimated Fair Value |   |   | Unrealized Losses |   |
| U.S. Government agencies and corporations             |   | $                    | 5,034   |   |                | $      | 84     |                 |   | $ | - |   |   | $ | - |   |   | $ | 5,034 |   |   | $ | 84 |   |
| States and political subdivisions—tax exempt    |   |                 | -       |   |                |   | -      |                 |   |   | 275 |   |   |   | - |   |   |   | 275 |   |   |   | - |   |
| States and political subdivisions-taxable             |   |                 | -       |   |                |   | -      |                 |   |   | 2,212 |   |   |   | 101 |   |   |   | 2,212 |   |   |   | 101 |   |
| Marketable equity securities                          |   |                 | 8       |   |                |   | 4      |                 |   |   | - |   |   |   | - |   |   |   | 8 |   |   |   | 4 |   |
| Mortgage-backed securities - residential              |   |                 | 98,746  |   |                |   | 1,206  |                 |   |   | 10,542 |   |   |   | 106 |   |   |   | 109,288 |   |   |   | 1,312 |   |
| Corporate bonds                                       |   |                 | -       |   |                |   | -      |                 |   |   | 2,012 |   |   |   | 866 |   |   |   | 2,012 |   |   |   | 866 |   |
| Collateralized debt obligation                        |   |                 | -       |   |                |   | -      |                 |   |   | 759 |   |   |   | 4,237 |   |   |   | 759 |   |   |   | 4,237 |   |
| Total temporarily impaired                            |   | $                    | 103,788 |   |                | $      | 1,294  |                 |   | $ | 15,800 |   |   | $ | 5,310 |   |   | $ | 119,588 |   |   | $ | 6,604 |   |
|                                                  |   |                 |    |   |                |   |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                         |   | Predecessor Company                   |   |
|----------------------------------------------|--------|---------------------------------------|--------|
|                                         |   | Three Months Ended September 30, 2010 |   |   | Nine Months Ended September 30, 2010 |   |
| Balance at beginning of period               |   | $                                     | 9,996  |   |   | $ | 9,996 |   |
| Additions/Subtractions                       |   |                                  |   |   |   |   |   |   |
| Credit losses recognized during the period   |   |                                  | -      |   |   |   | - |   |
| Ending balance before acquisition accounting |   | $                                     | 9,996  |   |   | $ | 9,996 |   |

|                              |   | Successor Company as of September 30, 2010 |      |   | Predecessor Company as of December 31,2009 |   |
|-----------------------------------|--------|-------------------------------------------------|-----------|--------|--------------------------------------------|--------|
| Real estate mortgage loans:       |   |                                            |      |   |                                       |   |
| Commercial                        |   | $                                               | 590,433   |   |                                       | $      | 680,409 |   |
| Residential                       |   |                                            | 222,477   |   |                                       |   | 236,945 |   |
| Farmland                          |   |                                            | 11,922    |   |                                       |   | 13,866 |   |
| Construction and vacant land      |   |                                            | 47,055    |   |                                       |   | 97,424 |   |
| Commercial and agricultural loans |   |                                            | 61,600    |   |                                       |   | 69,246 |   |
| Indirect auto loans               |   |                                            | 25,524    |   |                                       |   | 50,137 |   |
| Home equity loans                 |   |                                            | 32,991    |   |                                       |   | 37,947 |   |
| Other consumer loans              |   |                                            | 8,542     |   |                                       |   | 10,190 |   |
| Total loans                       |   |                                            | 1,000,544 |   |                                       |   | 1,196,164 |   |
|                              |   |                                            |      |   |                                       |   |   |   |
| Net deferred loan costs           |   |                                            | -         |   |                                       |   | 1,352 |   |
| Loans, net of deferred loan costs |   | $                                               | 1,000,544 |   |                                       | $      | 1,197,516 |   |

|                                               |   | Successor Company as of September 30, 2010 |      |
|----------------------------------------------------|--------|--------------------------------------------|-----------|
| Contractually required payments including interest |   | $                                          | 1,334,003 |   |
| Nonaccretable difference                           |   |                                       | (98,091   | ) |
| Cash flows expected to be collected                |   |                                       | 1,235,912 |   |
| Accretable yield                                   |   |                                       | (278,294  | ) |
| Total at September 30, 2010                        |   | $                                          | 957,618   |   |

| ·   |  the estimate of the remaining life of PCI loans which may change the amount of future interest income, and possibly principal, expected to be collected; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | the estimate of the amount of contractually required principal and interest payments over the estimated life that will not be collected (the nonaccretable difference); and |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | indices for PCI loans with variable rates of interest. |
|--------------------|--------------------------------------------------------|

----

|                                         |   | Predecessor Company              |    |
|----------------------------------------------|--------|----------------------------------|---------|
|                                         |   | Three Months Ended September 30, |    |   | Nine Month Ended September 30, |   |
|                                         |   | 2010                             |    |   | 2009 |   |   | 2010 |   |   | 2009 |   |
| Balance, beginning of period                 |   | $                                | 27,710  |   |   | $ | 25,446 |   |   | $ | 29,083 |   |   | $ | 23,783 |   |
| Provision for loan losses charged to expense |   |                             | 17,072  |   |   |   | 14,756 |   |   |   | 29,697 |   |   |   | 25,828 |   |
| Loans charged off                            |   |                             | (12,445 | ) |   |   | (8,114 | ) |   |   | (27,432 | ) |   |   | (17,647 | ) |
| Recoveries of loans previously charged off   |   |                             | 69      |   |   |   | 27 |   |   |   | 1,058 |   |   |   | 151 |   |
| Balance, September 30                        |   |                             | 32,406  |   |   | $ | 32,115 |   |   |   | 32,406 |   |   | $ | 32,115 |   |
|                                         |   |                             |    |
|                                         |   |                             |    |
|                                         |   | Successor Company                |    |
| Acquisition accounting adjustment            |   |                             | (32,406 | ) |   |   |   |   |   |   | (32,406 | ) |   |   |   |   |
| Balance, September 30                        |   | $                                | 0       |   |   |   |   |   |   | $ | 0 |   |   |   |   |   |

|   | Nonperforming loans were as follows: |
|--------|--------------------------------------|

|                                   |   | Successor Company as of September 30, 2010(1) |   |   | Predecessor Company as of December 31, 2009 |   |
|----------------------------------------|--------|-----------------------------------------------|--------|--------|---------------------------------------------|--------|
| Collateral Type                        |   | Number ofLoans                                |   |   | Outstanding Balance                         |   |   | Number ofLoans |   |   | Outstanding Balance |   |
| Residential 1-4 family                 |   |                                          | 38     |   |                                        | $      | 7,750 |   |   |   | 36 |   |   | $ | 9,250 |   |
| Home equity loans                      |   |                                          | 8      |   |                                        |   | 828 |   |   |   | 8 |   |   |   | 1,488 |   |
| Commercial 1-4 family investment       |   |                                          | 9      |   |                                        |   | 3,783 |   |   |   | 19 |   |   |   | 8,733 |   |
| Commercial and agricultural            |   |                                          | 6      |   |                                        |   | 618 |   |   |   | 7 |   |   |   | 2,454 |   |
| Commercial real estate                 |   |                                          | 29     |   |                                        |   | 27,397 |   |   |   | 29 |   |   |   | 24,392 |   |
| Land development                       |   |                                          | 9      |   |                                        |   | 6,593 |   |   |   | 13 |   |   |   | 25,295 |   |
| Government guaranteed loans            |   |                                          | 1      |   |                                        |   | 107 |   |   |   | 2 |   |   |   | 143 |   |
| Indirect auto, auto and consumer loans |   |                                          | 33     |   |                                        |   | 288 |   |   |   | 97 |   |   |   | 1,078 |   |
|                                   |   |                                          |   |   |                                        | $      | 47,364 |   |   |   |   |   |   | $ | 72,833 |   |

| (1)   | As of September 30, 2010, loans having previously met the criteria for placement on nonaccrual due to the status of contractually required payments are presented herein as nonperforming for comparative purposes although they are reported at fair value as of the Transaction Date. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                              |   | Predecessor Company as of December 31, 2009 |    |
|---------------------------------------------------|--------|---------------------------------------------|---------|
| Loans with no allocated allowance for loan losses |   | $                                           | 60,629  |   |
| Loans with allocated allowance for loan losses    |   |                                        | 87,823  |   |
| Total                                             |   | $                                           | 148,452 |   |
|                                              |   |                                        |    |   |
| Amount of the allowance for loan losses allocated |   | $                                           | 9,040   |   |

----

|                                           |   | Predecessor Company             |      |
|------------------------------------------------|--------|---------------------------------|-----------|
|                                           |   | Three Months EndedSeptember 30, |      |   | Nine Months EndedSeptember 30, |   |
|                                           |   | 2010                            |      |   | 2009 |   |   | 2010 |   |   | 2009 |   |
| Anti-dilutive stock options                    |   |                            | 776,002   |   |   |   | 687,856 |   |   |   | 794,916 |   |   |   | 689,867 |   |
| Anti-dilutive unvested restricted stock awards |   |                            | 26,160    |   |   |   | 65,990 |   |   |   | 37,603 |   |   |   | 79,759 |   |
| Anti-dilutive warrants                         |   |                            | 2,380,213 |   |   |   | 2,380,213 |   |   |   | 2,380,213 |   |   |   | 2,380,213 |   |

|                                     |   | Adequately Capitalized Requirement |       |   | Successor Company as of September 30,2010Actual |   |   | Predecessor Company as of December 31, 2009Actual |   |
|------------------------------------------|--------|------------------------------------|------------|--------|-------------------------------------------------|--------|--------|---------------------------------------------------|--------|
| Tier 1 Capital (to Average Assets)       |   |                               |       |   |                                            |   |   |                                              |   |
| Consolidated                             |   |                               | 3 4.0 | %      |                                            |   | 7.1    | %                                                 |   |   | 4.1 | % |
| TIB Bank                                 |   |                               | 3 4.0 | %      |                                            |   | 6.7    | %                                                 |   |   | 4.8 | % |
|                                     |   |                               |       |   |                                            |   |   |                                              |   |   |   |   |
| Tier 1 Capital (to Risk Weighted Assets) |   |                               |       |   |                                            |   |   |                                              |   |   |   |   |
| Consolidated                             |   |                               | 3 4.0 | %      |                                            |   | 11.7   | %                                                 |   |   | 5.7 | % |
| TIB Bank                                 |   |                               | 3 4.0 | %      |                                            |   | 11.0   | %                                                 |   |   | 6.8 | % |
|                                     |   |                               |       |   |                                            |   |   |                                              |   |   |   |   |
| Total Capital (to Risk Weighted Assets)  |   |                               |       |   |                                            |   |   |                                              |   |   |   |   |
| Consolidated                             |   |                               | 3 8.0 | %      |                                            |   | 11.7   | %                                                 |   |   | 8.1 | % |
| TIB Bank                                 |   |                               | 3 8.0 | %      |                                            |   | 11.0   | %                                                 |   |   | 8.1 | % |
|                                     |   |                               |       |   |                                            |   |   |                                              |   |   |   |   |

----

| ·   | Loans – As of September 30, 2010, all loans were reported at their estimated fair values. Such estimates for the majority of loans were derived primarily from discounted cash flow models factoring in estimated probabilities of default and estimated losses given default based upon the Company’s actual historical losses for similar categories of loans. Loans classified as nonaccrual were primarily valued based upon the estimated fair value of available collateral discounted over estimated time periods factoring in the conversion of the collateral to cash. The inputs used in determining the estimated fair values of loans are Level 3 inputs. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Premises and equipment – As of September 30, 2010, all premises and equipment were reported at their estimated fair values. Estimated fair values of real estate were generally based on real estate appraisals and other available observable market information. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are typically significant and result in a Level 3 classification of the inputs for determining fair value. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Time deposits, FHLB advances and long term borrowings – As of September 30, 2010, these liabilities were reported at their estimated fair values. Such estimates were derived based upon models utilizing discounted cash flows factoring in the alternative cost of available funding sources with similar maturities or repricing characteristics. The inputs used in determining the estimated fair values of time deposits and certain long term borrowings are Level 3 inputs. The inputs used in determining the estimated fair values of FHLB advances and certain long term borrowings are Level 2 inputs. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                               |   |                                       |    |   | Fair Value Measurements at September 30, 2010 Using           |   |
|----------------------------------------------------|--------|--------------------------------------------|---------|--------|---------------------------------------------------------------|--------|
|                                               |   | Successor Company as of September 30, 2010 |    |   | Quoted Prices in Active Markets for Identical Assets(Level 1) |   |   | Significant Other Observable Inputs (Level 2) |   |   | Significant Unobservable Inputs(Level 3) |   |
| Assets:                                            |   |                                       |    |   |                                                          |   |   |   |   |   |   |   |
| U.S. Government agencies and corporations          |   | $                                          | 34,767  |   |                                                          | $      | - |   |   | $ | 34,767 |   |   | $ | - |   |
| States and political subdivisions—tax exempt |   |                                       | 3,098   |   |                                                          |   | - |   |   |   | 3,098 |   |   |   | - |   |
| States and political subdivisions—taxable    |   |                                       | 2,308   |   |                                                          |   | - |   |   |   | 2,308 |   |   |   | - |   |
| Marketable equity securities                       |   |                                       | 102     |   |                                                          |   | - |   |   |   | 102 |   |   |   | - |   |
| Mortgage-backed securities—residential       |   |                                       | 266,144 |   |                                                          |   | - |   |   |   | 266,144 |   |   |   | - |   |
| Corporate bonds                                    |   |                                       | 2,094   |   |                                                          |   | - |   |   |   | 2,094 |   |   |   | - |   |
| Collateralized debt obligations                    |   |                                       | 873     |   |                                                          |   | - |   |   |   | - |   |   |   | 873 |   |
| Available for sale securities                      |   | $                                          | 309,386 |   |                                                          | $      | - |   |   | $ | 308,513 |   |   | $ | 873 |   |
|                                               |   |                                       |    |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |

|                                               |   |                                        |    |   | Fair Value Measurements at December 31, 2009 Using            |   |
|----------------------------------------------------|--------|---------------------------------------------|---------|--------|---------------------------------------------------------------|--------|
|                                               |   | Predecessor Company as of December 31, 2009 |    |   | Quoted Prices in Active Markets for Identical Assets(Level 1) |   |   | Significant Other Observable Inputs (Level 2) |   |   | Significant Unobservable Inputs(Level 3) |   |
| Assets:                                            |   |                                        |    |   |                                                          |   |   |   |   |   |   |   |
| U.S. Government agencies and corporations          |   | $                                           | 29,172  |   |                                                          | $      | - |   |   | $ | 29,172 |   |   | $ | - |   |
| States and political subdivisions—tax exempt |   |                                        | 8,061   |   |                                                          |   | - |   |   |   | 8,061 |   |   |   | - |   |
| States and political subdivisions—taxable    |   |                                        | 2,212   |   |                                                          |   | - |   |   |   | 2,212 |   |   |   | - |   |
| Marketable equity securities                       |   |                                        | 8       |   |                                                          |   | - |   |   |   | 8 |   |   |   | - |   |
| Mortgage-backed securities—residential       |   |                                        | 208,115 |   |                                                          |   | - |   |   |   | 208,115 |   |   |   | - |   |
| Corporate bonds                                    |   |                                        | 2,012   |   |                                                          |   | - |   |   |   | 2,012 |   |   |   | - |   |
| Collateralized debt obligations                    |   |                                        | 759     |   |                                                          |   | - |   |   |   | - |   |   |   | 759 |   |
| Available for sale securities                      |   | $                                           | 250,339 |   |                                                          | $      | - |   |   | $ | 249,580 |   |   | $ | 759 |   |
|                                               |   |                                        |    |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |

|                                                         |   | Fair Value Measurements Using Significant Unobservable Inputs (Level 3)Collateralized Debt Obligations |   |
|--------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------|--------|
| Predecessor Company                                          |   | 2010                                                                                                   |   |   | 2009 |   |
| Beginning balance, July 1,                                   |   | $                                                                                                      | 758    |   |   | $ | 2,104 |   |
| Included in earnings – other than temporary impairment |   |                                                                                                   | -      |   |   |   | - |   |
| Included in other comprehensive income                       |   |                                                                                                   | 115    |   |   |   | (61 | ) |
| Transfer in to Level 3                                       |   |                                                                                                   | -      |   |   |   | - |   |
| Ending balance September 30,                                 |   | $                                                                                                      | 873    |   |   | $ | 2,043 |   |
|                                                         |   |                                                                                                   |   |   |   |   |   |   |

|                                                         |   | Fair Value Measurements Using Significant Unobservable Inputs (Level 3)Collateralized Debt Obligations |   |
|--------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------|--------|
| Predecessor Company                                          |   | 2010                                                                                                   |   |   | 2009 |   |
| Beginning balance, January 1,                                |   | $                                                                                                      | 759    |   |   | $ | 4,275 |   |
| Included in earnings – other than temporary impairment |   |                                                                                                   | -      |   |   |   | (763 | ) |
| Included in other comprehensive income                       |   |                                                                                                   | 114    |   |   |   | (1,469 | ) |
| Transfer in to Level 3                                       |   |                                                                                                   | -      |   |   |   | - |   |
| Ending balance September 30,                                 |   | $                                                                                                      | 873    |   |   | $ | 2,043 |   |
|                                                         |   |                                                                                                   |   |   |   |   |   |   |

----

|                     |   |                                       |      |   | Fair Value Measurements at September 30, 2010 Using           |   |
|--------------------------|--------|--------------------------------------------|-----------|--------|---------------------------------------------------------------|--------|
|                     |   | Successor Company as of September 30, 2010 |      |   | Quoted Prices in Active Markets for Identical Assets(Level 1) |   |   | Significant Other Observable Inputs(Level 2) |   |   | Significant Unobservable Inputs(Level 3) |   |
| Assets:                  |   |                                       |      |   |                                                          |   |   |   |   |   |   |   |
| Loans                    |   | $                                          | 1,000,544 |   |                                                          | $      | - |   |   | $ | - |   |   | $ | 1,000,544 |   |
| Premises and equipment   |   |                                       | 43,076    |   |                                                          |   | - |   |   |   | - |   |   |   | 43,076 |   |
| Other real estate owned  |   |                                       | 30,531    |   |                                                          |   | - |   |   |   | - |   |   |   | 30,531 |   |
| Other repossessed assets |   |                                       | 163       |   |                                                          |   | - |   |   |   | 163 |   |   |   | - |   |
|                     |   |                                       |      |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Liabilities:             |   |                                       |      |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Time deposits            |   |                                       | 733,545   |   |                                                          |   | - |   |   |   | - |   |   |   | 733,545 |   |
| FHLB advances            |   |                                       | 132,077   |   |                                                          |   | - |   |   |   | 132,077 |   |   |   | - |   |
| Long-term borrowings     |   |                                       | 34,533    |   |                                                          |   | - |   |   |   | 10,063 |   |   |   | 24,470 |   |
|                     |   |                                       |      |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
|                     |   |                                       |      |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |

|                                                                      |   |                                        |   |   | Fair Value Measurements at December 31, 2009 Using            |   |
|---------------------------------------------------------------------------|--------|---------------------------------------------|--------|--------|---------------------------------------------------------------|--------|
|                                                                      |   | Predecessor Company as of December 31, 2009 |   |   | Quoted Prices in Active Markets for Identical Assets(Level 1) |   |   | Significant Other Observable Inputs(Level 2) |   |   | Significant Unobservable Inputs(Level 3) |   |
| Assets:                                                                   |   |                                        |   |   |                                                          |   |   |   |   |   |   |   |
| Impaired loans with specific allocations of the allowance for loan losses |   | $                                           | 52,122 |   |                                                          | $      | - |   |   | $ | - |   |   | $ | 52,122 |   |
| Other real estate owned                                                   |   |                                        | 21,352 |   |                                                          |   | - |   |   |   | - |   |   |   | 21,352 |   |
| Other repossessed assets                                                  |   |                                        | 326    |   |                                                          |   | - |   |   |   | 326 |   |   |   | - |   |
|                                                                      |   |                                        |   |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                             |   | September 30, 2010 |      |
|------------------------------------------------------------------|--------|--------------------|-----------|
| Successor Company                                                |   | Carrying Value     |      |   | Estimated Fair Value |   |
| Financial assets:                                                |   |               |      |   |   |   |
| Cash and cash equivalents                                        |   | $                  | 229,665   |   |   | $ | 229,665 |   |
| Investment securities available for sale                         |   |               | 309,386   |   |   |   | 309,386 |   |
| Loans, net                                                       |   |               | 1,000,544 |   |   |   | 1,000,544 |   |
| Federal Home Loan Bank and Independent Bankers’ Bank stock |   |               | 9,986     |   |   | NM |   |
| Accrued interest receivable                                      |   |               | 5,132     |   |   |   | 5,132 |   |
|                                                             |   |               |      |   |   |   |   |   |
| Financial liabilities:                                           |   |               |      |   |   |   |   |   |
| Non-contractual deposits                                         |   | $                  | 597,604   |   |   | $ | 597,604 |   |
| Contractual deposits                                             |   |               | 733,545   |   |   |   | 733,545 |   |
| Federal Home Loan Bank Advances                                  |   |               | 132,077   |   |   |   | 132,077 |   |
| Short-term borrowings                                            |   |               | 43,828    |   |   |   | 43,828 |   |
| Long-term repurchase agreements                                  |   |               | 10,063    |   |   |   | 10,063 |   |
| Subordinated debentures                                          |   |               | 24,470    |   |   |   | 24,470 |   |
| Accrued interest payable                                         |   |               | 8,589     |   |   |   | 8,589 |   |
|                                                             |   |               |      |   |   |   |   |   |

|                                                              |   | Successor Company        |   |   | Predecessor Company              |   |
|-------------------------------------------------------------------|--------|--------------------------|--------|--------|----------------------------------|--------|
|                                                              |   | As of September 30, 2010 |   |   | Three Months Ended September 30, |   |   | Nine Months Ended September 30, |   |
|                                                              |   | 2010                     |   |   | 2009                             |   |   | 2010 |   |   | 2009 |   |
| Other real estate owned                                           |   |                     |   |   |                             |   |   |   |   |   |   |   |   |   |   |
|    Balance, beginning of period                    |   |                     |   |   | $                                | 43,959 |   |   | $ | 8,257 |   |   | $ | 22,147 |   |   | $ | 5,582 |   |
| Real estate acquired                                              |   |                     |   |   |                             | 9,305  |   |   |   | 15,475 |   |   |   | 35,007 |   |   |   | 24,122 |   |
| Properties sold                                                   |   |                     |   |   |                             | (4,505 | ) |   |   | (3,411 | ) |   |   | (8,531 | ) |   |   | (6,454 | ) |
|     Transfer to facilities used in operations |   |                     |   |   |                             | -      |   |   |   | - |   |   |   | - |   |   |   | (2,941 | ) |
| Other                                                             |   |                     |   |   |                             | -      |   |   |   | - |   |   |   | 136 |   |   |   | 12 |   |
| Balance, September 30,                                            |   | $                        | 30,531 |   |                             | $      | 48,759 |   |   | $ | 20,321 |   |   | $ | 48,759 |   |   | $ | 20,321 |   |
|                                                              |   |                     |   |   |                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Valuation allowance                                               |   |                     |   |   |                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance, beginning of period                                      |   |                     |   |   |                             | $      | (5,260 | ) |   | $ | (1,115 | ) |   | $ | (795 | ) |   | $ | (1,259 | ) |
| Additions charged to expense                                      |   |                     |   |   |                             |   | (14,340 | ) |   |   | (614 | ) |   |   | (19,116 | ) |   |   | (1,415 | ) |
| Relieved due to sale of property                                  |   |                     |   |   |                             |   | 1,372 |   |   |   | 990 |   |   |   | 1,683 |   |   |   | 1,935 |   |
| Balance, September 30,                                            |   | $                        | -      |   |                             | $      | (18,228 | ) |   | $ | (739 | ) |   | $ | (18,228 | ) |   | $ | (739 | ) |
|                                                              |   |                     |   |   |                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses related to foreclosed assets during period               |   |                     |   |   |                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss (gain) on sales                                          |   |                     |   |   |                             | $      | (57 | ) |   | $ | (8 | ) |   | $ | 55 |   |   | $ | 173 |   |
| Provision for unrealized losses                                   |   |                     |   |   |                             |   | 14,340 |   |   |   | 614 |   |   |   | 19,116 |   |   |   | 1,415 |   |
| Operating expenses                                                |   |                     |   |   |                             |   | 1,155 |   |   |   | 411 |   |   |   | 2,516 |   |   |   | 835 |   |
|                                                              |   | $                        | -      |   |                             | $      | 15,438 |   |   | $ | 1,017 |   |   | $ | 21,687 |   |   | $ | 2,423 |   |

----

----

| ·   | We continue to focus on relationship-based lending and generated approximately $9.5 million of new commercial loans and originated $34.0 million of residential mortgages as well as approximately $6.4 million in consumer and indirect auto loans to prime borrowers during the quarter. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Naples Capital Advisors and TIB Bank’s trust department continued to establish new investment management and trust relationships, increasing the market value of assets under management by $40 million, or 28%, from September 30, 2009. Assets under management increased by $15 million, or 9%, during the quarter to $184 million as of September 30, 2010. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Our special asset workout group was able to work with borrowers to return to accrual or achieve the pay off or pay down of approximately $3.7 million in nonaccrual loans, foreclose or negotiate deeds in lieu of foreclosure for approximately $9.3 million of nonaccrual loans and sell approximately $3.2 million of other real estate owned during the quarter. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The net interest margin of 2.85% during the quarter increased 11 basis points in comparison to 2.74% in the second quarter of 2010 due partly to an $184,000 increase in net interest income. This increase is largely attributable to a lower level of loans placed on nonaccrual during the third quarter of 2010 compared to the second quarter, and in part to the charge-down or foreclosure of loans reducing the average balance outstanding during the quarter.  The net interest margin of 2.85% during the third quarter was relatively unchanged compared to the 2.86% net interest margin in the third quarter of 2009. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|                                                                                                                                                                                                                                                                                                                                                                                                |   | Predecessor Company |      |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------|-----------|
|                                                                                                                                                                                                                                                                                                                                                                                                |   | 2010                |      |   | 2009 |   |
|  (Dollars in thousands)                                                                                                                                                                                                                                                                                                                                                                        |   | AverageBalances     |      |   | Income/Expense |   |   | Yields/Rates |   |   | AverageBalances |   |   | Income/Expense |   |   | Yields/Rates |   |
| Interest-earning assets:                                                                                                                                                                                                                                                                                                                                                                            |   |                |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans (1)(2)                                                                                                                                                                                                                                                                                                                                                                                        |   | $                   | 1,100,135 |   |   | $ | 14,858 |   |   |   | 5.36 | % |   | $ | 1,242,296 |   |   | $ | 17,281 |   |   |   | 5.52 | % |
| Investment securities (2)                                                                                                                                                                                                                                                                                                                                                                           |   |                | 310,053   |   |   |   | 2,150 |   |   |   | 2.75 | % |   |   | 350,981 |   |   |   | 3,035 |   |   |   | 3.43 | % |
| Money Market Mutual Funds                                                                                                                                                                                                                                                                                                                                                                           |   |                | -         |   |   |   | - |   |   |   | - |   |   |   | 4,925 |   |   |   | 2 |   |   |   | 0.16 | % |
| Interest-bearing deposits in other banks                                                                                                                                                                                                                                                                                                                                                            |   |                | 86,492    |   |   |   | 55 |   |   |   | 0.25 | % |   |   | 27,279 |   |   |   | 18 |   |   |   | 0.26 | % |
| Federal Home Loan Bank stock                                                                                                                                                                                                                                                                                                                                                                        |   |                | 9,946     |   |   |   | 16 |   |   |   | 0.64 | % |   |   | 10,447 |   |   |   | 44 |   |   |   | 1.67 | % |
| Federal funds sold and securities sold under agreements to resell                                                                                                                                                                                                                                                                                                                                   |   |                | -         |   |   |   | - |   |   |   | 0.00 | % |   |   | 1,811 |   |   |   | - |   |   |   | 0.00 | % |
| Total interest-earning assets                                                                                                                                                                                                                                                                                                                                                                       |   |                | 1,506,626 |   |   |   | 17,079 |   |   |   | 4.50 | % |   |   | 1,637,739 |   |   |   | 20,380 |   |   |   | 4.94 | % |
|                                                                                                                                                                                                                                                                                                                                                                                                |   |                |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-interest-earning assets:                                                                                                                                                                                                                                                                                                                                                                        |   |                |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash and due from banks                                                                                                                                                                                                                                                                                                                                                                             |   |                | 20,592    |   |   |   |   |   |   |   |   |   |   |   | 28,897 |   |   |   |   |   |   |   |   |   |
| Premises and equipment, net                                                                                                                                                                                                                                                                                                                                                                         |   |                | 51,239    |   |   |   |   |   |   |   |   |   |   |   | 41,352 |   |   |   |   |   |   |   |   |   |
| Allowance for loan losses                                                                                                                                                                                                                                                                                                                                                                           |   |                | (27,536   | ) |   |   |   |   |   |   |   |   |   |   | (23,696 | ) |   |   |   |   |   |   |   |   |
| Other assets                                                                                                                                                                                                                                                                                                                                                                                        |   |                | 79,974    |   |   |   |   |   |   |   |   |   |   |   | 78,105 |   |   |   |   |   |   |   |   |   |
| Total non-interest-earning assets                                                                                                                                                                                                                                                                                                                                                                   |   |                | 124,269   |   |   |   |   |   |   |   |   |   |   |   | 124,658 |   |   |   |   |   |   |   |   |   |
| Total assets                                                                                                                                                                                                                                                                                                                                                                                        |   | $                   | 1,630,895 |   |   |   |   |   |   |   |   |   |   | $ | 1,762,397 |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                |   |                |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing liabilities:                                                                                                                                                                                                                                                                                                                                                                       |   |                |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing deposits:                                                                                                                                                                                                                                                                                                                                                                          |   |                |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NOW accounts                                                                                                                                                                                                                                                                                                                                                                                        |   | $                   | 184,285   |   |   | $ | 150 |   |   |   | 0.32 | % |   | $ | 186,597 |   |   | $ | 311 |   |   |   | 0.66 | % |
| Money market                                                                                                                                                                                                                                                                                                                                                                                        |   |                | 175,588   |   |   |   | 461 |   |   |   | 1.04 | % |   |   | 208,176 |   |   |   | 646 |   |   |   | 1.23 | % |
| Savings deposits                                                                                                                                                                                                                                                                                                                                                                                    |   |                | 73,093    |   |   |   | 128 |   |   |   | 0.69 | % |   |   | 127,136 |   |   |   | 591 |   |   |   | 1.84 | % |
| Time deposits                                                                                                                                                                                                                                                                                                                                                                                       |   |                | 722,464   |   |   |   | 3,653 |   |   |   | 2.01 | % |   |   | 666,856 |   |   |   | 5,053 |   |   |   | 3.01 | % |
| Total interest-bearing deposits                                                                                                                                                                                                                                                                                                                                                                     |   |                | 1,155,430 |   |   |   | 4,392 |   |   |   | 1.51 | % |   |   | 1,188,765 |   |   |   | 6,601 |   |   |   | 2.20 | % |
|                                                                                                                                                                                                                                                                                                                                                                                                |   |                |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other interest-bearing liabilities:                                                                                                                                                                                                                                                                                                                                                                 |   |                |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Short-term borrowings and FHLB advances                                                                                                                                                                                                                                                                                                                                                             |   |                | 185,466   |   |   |   | 1,216 |   |   |   | 2.60 | % |   |   | 202,213 |   |   |   | 1,284 |   |   |   | 2.52 | % |
| Long-term borrowings                                                                                                                                                                                                                                                                                                                                                                                |   |                | 59,087    |   |   |   | 648 |   |   |   | 4.35 | % |   |   | 63,000 |   |   |   | 679 |   |   |   | 4.28 | % |
| Total interest-bearing liabilities                                                                                                                                                                                                                                                                                                                                                                  |   |                | 1,399,983 |   |   |   | 6,256 |   |   |   | 1.77 | % |   |   | 1,453,978 |   |   |   | 8,564 |   |   |   | 2.34 | % |
|                                                                                                                                                                                                                                                                                                                                                                                                |   |                |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-interest-bearing liabilities and shareholders’ equity:                                                                                                                                                                                                                                                                                                                                    |   |                |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Demand deposits                                                                                                                                                                                                                                                                                                                                                                                     |   |                | 173,295   |   |   |   |   |   |   |   |   |   |   |   | 178,795 |   |   |   |   |   |   |   |   |   |
| Other liabilities                                                                                                                                                                                                                                                                                                                                                                                   |   |                | 17,829    |   |   |   |   |   |   |   |   |   |   |   | 18,009 |   |   |   |   |   |   |   |   |   |
| Shareholders’ equity                                                                                                                                                                                                                                                                                                                                                                          |   |                | 39,788    |   |   |   |   |   |   |   |   |   |   |   | 111,615 |   |   |   |   |   |   |   |   |   |
| Total non-interest-bearing liabilities and shareholders’ equity                                                                                                                                                                                                                                                                                                                               |   |                | 230,912   |   |   |   |   |   |   |   |   |   |   |   | 308,419 |   |   |   |   |   |   |   |   |   |
| Total liabilities and shareholders’ equity                                                                                                                                                                                                                                                                                                                                                    |   | $                   | 1,630,895 |   |   |   |   |   |   |   |   |   |   | $ | 1,762,397 |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                |   |                |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest rate spread  (tax equivalent basis)                                                                                                                                                                                                                                                                                                                                              |   |                |      |   |   |   |   |   |   |   | 2.73 | % |   |   |   |   |   |   |   |   |   |   | 2.60 | % |
| Net interest income  (tax equivalent basis)                                                                                                                                                                                                                                                                                                                                               |   |                |      |   |   | $ | 10,823 |   |   |   |   |   |   |   |   |   |   | $ | 11,816 |   |   |   |   |   |
| Net interest margin (3) (tax equivalent basis)                                                                                                                                                                                                                                                                                                                                                      |   |                |      |   |   |   |   |   |   |   | 2.85 | % |   |   |   |   |   |   |   |   |   |   | 2.86 | % |
|                                                                                                                                                                                                                                                                                                                                                                                                |   |                |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| _______(1) Average loans include non-performing loans.(2) Interest income and rates include the effects of a tax equivalent adjustment using applicable statutory tax rates in adjusting tax exempt interest on tax exempt investment securities and loans to a fully taxable basis.(3) Net interest margin is net interest income divided by average total interest-earning assets. |   |

----

|                                                                                                                                                                                                                  |   | Predecessor Company                        |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------|--------|
|                                                                                                                                                                                                                  |   | 2010 Compared to 2009 (1)Due to Changes in |   |
| (Dollars in thousands)                                                                                                                                                                                                |   | AverageVolume                              |   |   | AverageRate |   |   | Net Increase(Decrease) |   |
| Interest income                                                                                                                                                                                                       |   |                                       |   |   |   |   |   |   |   |
| Loans (2)                                                                                                                                                                                                             |   | $                                          | (1,932 | ) |   | $ | (491 | ) |   | $ | (2,423 | ) |
| Investment securities (2)                                                                                                                                                                                             |   |                                       | (328   | ) |   |   | (557 | ) |   |   | (885 | ) |
| Money Market Mutual Funds                                                                                                                                                                                             |   |                                       | (2     | ) |   |   | - |   |   |   | (2 | ) |
| Interest-bearing deposits in other banks                                                                                                                                                                              |   |                                       | 38     |   |   |   | (1 | ) |   |   | 37 |   |
| Federal Home Loan Bank stock                                                                                                                                                                                          |   |                                       | (2     | ) |   |   | (26 | ) |   |   | (28 | ) |
| Federal funds sold and securities purchased under agreements to resell                                                                                                                                                |   |                                       | -      |   |   |   | - |   |   |   | - |   |
| Total interest income                                                                                                                                                                                                 |   |                                       | (2,226 | ) |   |   | (1,075 | ) |   |   | (3,301 | ) |
|                                                                                                                                                                                                                  |   |                                       |   |   |   |   |   |   |   |   |   |   |
| Interest expense                                                                                                                                                                                                      |   |                                       |   |   |   |   |   |   |   |   |   |   |
| NOW accounts                                                                                                                                                                                                          |   |                                       | (4     | ) |   |   | (157 | ) |   |   | (161 | ) |
| Money market                                                                                                                                                                                                          |   |                                       | (93    | ) |   |   | (92 | ) |   |   | (185 | ) |
| Savings deposits                                                                                                                                                                                                      |   |                                       | (188   | ) |   |   | (275 | ) |   |   | (463 | ) |
| Time deposits                                                                                                                                                                                                         |   |                                       | 393    |   |   |   | (1,793 | ) |   |   | (1,400 | ) |
| Short-term borrowings and FHLB advances                                                                                                                                                                               |   |                                       | (109   | ) |   |   | 41 |   |   |   | (68 | ) |
| Long-term borrowings                                                                                                                                                                                                  |   |                                       | (43    | ) |   |   | 12 |   |   |   | (31 | ) |
| Total interest expense                                                                                                                                                                                                |   |                                       | (44    | ) |   |   | (2,264 | ) |   |   | (2,308 | ) |
|                                                                                                                                                                                                                  |   |                                       |   |   |   |   |   |   |   |   |   |   |
| Change in net interest income                                                                                                                                                                                         |   | $                                          | (2,182 | ) |   | $ | 1,189 |   |   | $ | (993 | ) |
|                                                                                                                                                                                                                  |   |                                       |   |   |   |   |   |   |   |   |   |   |
| ________(1) The change in interest due to both rate and volume has been allocated to the volume and rate components in proportion to the relationship of the dollar amounts of the absolute change in each.           |   |
| (2) Interest income includes the effects of a tax equivalent adjustment using applicable statutory tax rates in adjusting tax exempt interest on tax exempt investment securities and loans to a fully taxable basis. |   |

----

|                                           |   | Predecessor Company |   |
|------------------------------------------------|--------|---------------------|--------|
| (Dollars in thousands)                         |   | 2010                |   |   | 2009 |   |
| Service charges on deposit accounts            |   | $                   | 831    |   |   | $ | 988 |   |
| Investment securities gains, net               |   |                | -      |   |   |   | 1,127 |   |
| Fees on mortgage loans sold                    |   |                | 455    |   |   |   | 340 |   |
| Investment advisory fees                       |   |                | 328    |   |   |   | 279 |   |
| Debit card income                              |   |                | 369    |   |   |   | 327 |   |
| Earnings on bank owned life insurance policies |   |                | 123    |   |   |   | 157 |   |
| Life insurance gain                            |   |                | -      |   |   |   | 1,186 |   |
| Other                                          |   |                | 312    |   |   |   | 195 |   |
| Total non-interest income                      |   | $                   | 2,418  |   |   | $ | 4,599 |   |
|                                           |   |                |   |   |   |   |   |   |

----

|                                           |   | Predecessor Company |   |
|------------------------------------------------|--------|---------------------|--------|
| (Dollars in thousands)                         |   | 2010                |   |   | 2009 |   |
| Salary and employee benefits                   |   | $                   | 6,610  |   |   | $ | 7,288 |   |
| Net occupancy expense                          |   |                | 2,391  |   |   |   | 2,365 |   |
| Foreclosed asset related expense               |   |                | 15,438 |   |   |   | 1,017 |   |
| Information system conversion costs            |   |                | -      |   |   |   | 144 |   |
| Legal, and other professional                  |   |                | 795    |   |   |   | 646 |   |
| Computer services                              |   |                | 652    |   |   |   | 718 |   |
| Collection costs                               |   |                | 1      |   |   |   | 82 |   |
| Postage, courier and armored car               |   |                | 271    |   |   |   | 277 |   |
| Marketing and community relations              |   |                | 202    |   |   |   | 265 |   |
| Operating supplies                             |   |                | 127    |   |   |   | 217 |   |
| Directors’ fees                          |   |                | 186    |   |   |   | 217 |   |
| Travel expenses                                |   |                | 88     |   |   |   | 94 |   |
| FDIC and state assessments                     |   |                | 1,200  |   |   |   | 774 |   |
| Amortization of intangibles                    |   |                | 389    |   |   |   | 389 |   |
| Net gains on disposition of repossessed assets |   |                | 55     |   |   |   | (105 | ) |
| Capital raise expenses                         |   |                | 470    |   |   |   | - |   |
| Insurance, non-building                        |   |                | 519    |   |   |   | 369 |   |
| Other operating expense                        |   |                | 393    |   |   |   | 437 |   |
| Total non-interest expense                     |   | $                   | 29,787 |   |   | $ | 15,194 |   |
|                                           |   |                |   |   |   |   |   |   |

----

----

|                                                                                                                                                                                                                                                                                                                                                                                                |   |  Predecessor Company |      |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------|-----------|
|                                                                                                                                                                                                                                                                                                                                                                                                |   | 2010                      |      |   | 2009 |   |
|  (Dollars in thousands)                                                                                                                                                                                                                                                                                                                                                                        |   | AverageBalances           |      |   | Income/Expense |   |   | Yields/Rates |   |   | AverageBalances |   |   | Income/Expense |   |   | Yields/Rates |   |
| Interest-earning assets:                                                                                                                                                                                                                                                                                                                                                                            |   |                      |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans (1)(2)                                                                                                                                                                                                                                                                                                                                                                                        |   | $                         | 1,131,509 |   |   | $ | 45,532 |   |   |   | 5.38 | % |   | $ | 1,232,380 |   |   | $ | 52,476 |   |   |   | 5.69 | % |
| Investment securities (2)                                                                                                                                                                                                                                                                                                                                                                           |   |                      | 301,584   |   |   |   | 6,687 |   |   |   | 2.96 | % |   |   | 340,660 |   |   |   | 9,445 |   |   |   | 3.71 | % |
| Money Market Mutual Funds                                                                                                                                                                                                                                                                                                                                                                           |   |                      | -         |   |   |   | - |   |   |   | - |   |   |   | 41,817 |   |   |   | 132 |   |   |   | 0.42 | % |
| Interest-bearing deposits in other banks                                                                                                                                                                                                                                                                                                                                                            |   |                      | 108,712   |   |   |   | 204 |   |   |   | 0.25 | % |   |   | 32,742 |   |   |   | 58 |   |   |   | 0.24 | % |
| Federal Home Loan Bank stock                                                                                                                                                                                                                                                                                                                                                                        |   |                      | 10,278    |   |   |   | 26 |   |   |   | 0.34 | % |   |   | 11,168 |   |   |   | 25 |   |   |   | 0.30 | % |
| Federal funds sold and securities sold under agreements to resell                                                                                                                                                                                                                                                                                                                                   |   |                      | 4         |   |   |   | - |   |   |   | 0.00 | % |   |   | 3,916 |   |   |   | 5 |   |   |   | 0.17 | % |
| Total interest-earning assets                                                                                                                                                                                                                                                                                                                                                                       |   |                      | 1,552,087 |   |   |   | 52,449 |   |   |   | 4.52 | % |   |   | 1,662,683 |   |   |   | 62,141 |   |   |   | 5.00 | % |
|                                                                                                                                                                                                                                                                                                                                                                                                |   |                      |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-interest-earning assets:                                                                                                                                                                                                                                                                                                                                                                        |   |                      |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash and due from banks                                                                                                                                                                                                                                                                                                                                                                             |   |                      | 22,070    |   |   |   |   |   |   |   |   |   |   |   | 31,650 |   |   |   |   |   |   |   |   |   |
| Premises and equipment, net                                                                                                                                                                                                                                                                                                                                                                         |   |                      | 47,711    |   |   |   |   |   |   |   |   |   |   |   | 39,269 |   |   |   |   |   |   |   |   |   |
| Allowance for loan losses                                                                                                                                                                                                                                                                                                                                                                           |   |                      | (26,949   | ) |   |   |   |   |   |   |   |   |   |   | (23,837 | ) |   |   |   |   |   |   |   |   |
| Other assets                                                                                                                                                                                                                                                                                                                                                                                        |   |                      | 77,397    |   |   |   |   |   |   |   |   |   |   |   | 74,661 |   |   |   |   |   |   |   |   |   |
| Total non-interest-earning assets                                                                                                                                                                                                                                                                                                                                                                   |   |                      | 120,229   |   |   |   |   |   |   |   |   |   |   |   | 121,743 |   |   |   |   |   |   |   |   |   |
| Total assets                                                                                                                                                                                                                                                                                                                                                                                        |   | $                         | 1,672,316 |   |   |   |   |   |   |   |   |   |   | $ | 1,784,426 |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                |   |                      |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing liabilities:                                                                                                                                                                                                                                                                                                                                                                       |   |                      |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing deposits:                                                                                                                                                                                                                                                                                                                                                                          |   |                      |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NOW accounts                                                                                                                                                                                                                                                                                                                                                                                        |   | $                         | 201,570   |   |   | $ | 534 |   |   |   | 0.35 | % |   | $ | 181,601 |   |   | $ | 954 |   |   |   | 0.70 | % |
| Money market                                                                                                                                                                                                                                                                                                                                                                                        |   |                      | 185,821   |   |   |   | 1,460 |   |   |   | 1.05 | % |   |   | 192,357 |   |   |   | 2,145 |   |   |   | 1.49 | % |
| Savings deposits                                                                                                                                                                                                                                                                                                                                                                                    |   |                      | 78,661    |   |   |   | 418 |   |   |   | 0.71 | % |   |   | 113,739 |   |   |   | 1,549 |   |   |   | 1.82 | % |
| Time deposits                                                                                                                                                                                                                                                                                                                                                                                       |   |                      | 708,892   |   |   |   | 11,391 |   |   |   | 2.15 | % |   |   | 707,882 |   |   |   | 17,003 |   |   |   | 3.21 | % |
| Total interest-bearing deposits                                                                                                                                                                                                                                                                                                                                                                     |   |                      | 1,174,944 |   |   |   | 13,803 |   |   |   | 1.57 | % |   |   | 1,195,579 |   |   |   | 21,651 |   |   |   | 2.42 | % |
|                                                                                                                                                                                                                                                                                                                                                                                                |   |                      |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other interest-bearing liabilities:                                                                                                                                                                                                                                                                                                                                                                 |   |                      |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Short-term borrowings and FHLB advances                                                                                                                                                                                                                                                                                                                                                             |   |                      | 190,912   |   |   |   | 3,659 |   |   |   | 2.56 | % |   |   | 216,688 |   |   |   | 4,019 |   |   |   | 2.48 | % |
| Long-term borrowings                                                                                                                                                                                                                                                                                                                                                                                |   |                      | 61,681    |   |   |   | 1,973 |   |   |   | 4.28 | % |   |   | 63,000 |   |   |   | 2,123 |   |   |   | 4.51 | % |
| Total interest-bearing liabilities                                                                                                                                                                                                                                                                                                                                                                  |   |                      | 1,427,537 |   |   |   | 19,435 |   |   |   | 1.82 | % |   |   | 1,475,267 |   |   |   | 27,793 |   |   |   | 2.52 | % |
|                                                                                                                                                                                                                                                                                                                                                                                                |   |                      |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-interest-bearing liabilities and shareholders’ equity:                                                                                                                                                                                                                                                                                                                                    |   |                      |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Demand deposits                                                                                                                                                                                                                                                                                                                                                                                     |   |                      | 182,073   |   |   |   |   |   |   |   |   |   |   |   | 172,847 |   |   |   |   |   |   |   |   |   |
| Other liabilities                                                                                                                                                                                                                                                                                                                                                                                   |   |                      | 14,002    |   |   |   |   |   |   |   |   |   |   |   | 18,020 |   |   |   |   |   |   |   |   |   |
| Shareholders’ equity                                                                                                                                                                                                                                                                                                                                                                          |   |                      | 48,704    |   |   |   |   |   |   |   |   |   |   |   | 118,292 |   |   |   |   |   |   |   |   |   |
| Total non-interest-bearing liabilities and shareholders’ equity                                                                                                                                                                                                                                                                                                                               |   |                      | 244,779   |   |   |   |   |   |   |   |   |   |   |   | 309,159 |   |   |   |   |   |   |   |   |   |
| Total liabilities and shareholders’ equity                                                                                                                                                                                                                                                                                                                                                    |   | $                         | 1,672,316 |   |   |   |   |   |   |   |   |   |   | $ | 1,784,426 |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                |   |                      |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest rate spread  (tax equivalent basis)                                                                                                                                                                                                                                                                                                                                              |   |                      |      |   |   |   |   |   |   |   | 2.70 | % |   |   |   |   |   |   |   |   |   |   | 2.48 | % |
| Net interest income  (tax equivalent basis)                                                                                                                                                                                                                                                                                                                                               |   |                      |      |   |   | $ | 33,014 |   |   |   |   |   |   |   |   |   |   | $ | 34,348 |   |   |   |   |   |
| Net interest margin (3) (tax equivalent basis)                                                                                                                                                                                                                                                                                                                                                      |   |                      |      |   |   |   |   |   |   |   | 2.84 | % |   |   |   |   |   |   |   |   |   |   | 2.76 | % |
|                                                                                                                                                                                                                                                                                                                                                                                                |   |                      |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| _______(1) Average loans include non-performing loans.(2) Interest income and rates include the effects of a tax equivalent adjustment using applicable statutory tax rates in adjusting tax exempt interest on tax exempt investment securities and loans to a fully taxable basis.(3) Net interest margin is net interest income divided by average total interest-earning assets. |   |

----

|                                                                                                                                                                                                                  |   | Predecessor Company                        |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------|--------|
|                                                                                                                                                                                                                  |   | 2010 Compared to 2009 (1)Due to Changes in |   |
| (Dollars in thousands)                                                                                                                                                                                                |   | AverageVolume                              |   |   | AverageRate |   |   | Net Increase(Decrease) |   |
| Interest income                                                                                                                                                                                                       |   |                                       |   |   |   |   |   |   |   |
| Loans (2)                                                                                                                                                                                                             |   | $                                          | (4,154 | ) |   | $ | (2,790 | ) |   | $ | (6,944 | ) |
| Investment securities (2)                                                                                                                                                                                             |   |                                       | (1,004 | ) |   |   | (1,754 | ) |   |   | (2,758 | ) |
| Money Market Mutual Funds                                                                                                                                                                                             |   |                                       | (132   | ) |   |   | - |   |   |   | (132 | ) |
| Interest-bearing deposits in other banks                                                                                                                                                                              |   |                                       | 142    |   |   |   | 4 |   |   |   | 146 |   |
| Federal Home Loan Bank stock                                                                                                                                                                                          |   |                                       | (2     | ) |   |   | 3 |   |   |   | 1 |   |
| Federal funds sold and securities purchased under agreements to resell                                                                                                                                                |   |                                       | (5     | ) |   |   | - |   |   |   | (5 | ) |
| Total interest income                                                                                                                                                                                                 |   |                                       | (5,155 | ) |   |   | (4,537 | ) |   |   | (9,692 | ) |
|                                                                                                                                                                                                                  |   |                                       |   |   |   |   |   |   |   |   |   |   |
| Interest expense                                                                                                                                                                                                      |   |                                       |   |   |   |   |   |   |   |   |   |   |
| NOW accounts                                                                                                                                                                                                          |   |                                       | 95     |   |   |   | (515 | ) |   |   | (420 | ) |
| Money market                                                                                                                                                                                                          |   |                                       | (71    | ) |   |   | (614 | ) |   |   | (685 | ) |
| Savings deposits                                                                                                                                                                                                      |   |                                       | (380   | ) |   |   | (751 | ) |   |   | (1,131 | ) |
| Time deposits                                                                                                                                                                                                         |   |                                       | 24     |   |   |   | (5,636 | ) |   |   | (5,612 | ) |
| Short-term borrowings and FHLB advances                                                                                                                                                                               |   |                                       | (491   | ) |   |   | 131 |   |   |   | (360 | ) |
| Long-term borrowings                                                                                                                                                                                                  |   |                                       | (44    | ) |   |   | (106 | ) |   |   | (150 | ) |
| Total interest expense                                                                                                                                                                                                |   |                                       | (867   | ) |   |   | (7,491 | ) |   |   | (8,358 | ) |
|                                                                                                                                                                                                                  |   |                                       |   |   |   |   |   |   |   |   |   |   |
| Change in net interest income                                                                                                                                                                                         |   | $                                          | (4,288 | ) |   | $ | 2,954 |   |   | $ | (1,334 | ) |
|                                                                                                                                                                                                                  |   |                                       |   |   |   |   |   |   |   |   |   |   |
| ________(1) The change in interest due to both rate and volume has been allocated to the volume and rate components in proportion to the relationship of the dollar amounts of the absolute change in each.           |   |
| (2) Interest income includes the effects of a tax equivalent adjustment using applicable statutory tax rates in adjusting tax exempt interest on tax exempt investment securities and loans to a fully taxable basis. |   |

----

|                                           |   | Predecessor Company |   |
|------------------------------------------------|--------|---------------------|--------|
| (Dollars in thousands)                         |   | 2010                |   |   | 2009 |   |
| Service charges on deposit accounts            |   | $                   | 2,585  |   |   | $ | 3,156 |   |
| Investment securities gains, net               |   |                | 2,635  |   |   |   | 1,818 |   |
| Fees on mortgage loans sold                    |   |                | 1,219  |   |   |   | 773 |   |
| Investment advisory fees                       |   |                | 948    |   |   |   | 700 |   |
| Loss on sale of indirect loans                 |   |                | (344   | ) |   |   | - |   |
| Debit card income                              |   |                | 1,101  |   |   |   | 724 |   |
| Earnings on bank owned life insurance policies |   |                | 353    |   |   |   | 418 |   |
| Life insurance gain                            |   |                | 135    |   |   |   | 1,186 |   |
| Other                                          |   |                | 694    |   |   |   | 535 |   |
| Total non-interest income                      |   | $                   | 9,326  |   |   | $ | 9,310 |   |
|                                           |   |                |   |   |   |   |   |   |

----

|                                           |   | Predecessor Company |   |
|------------------------------------------------|--------|---------------------|--------|
|                                           |   |                |   |   | 2010 |   |   |   |   |   |   |   |   | 2009 |   |   |   |   |
| (Dollars in thousands)                         |   | Total               |   |   | RiversideOperations |   |   | Excluding Riverside |   |   | Total |   |   | RiversideOperations |   |   | Excluding Riverside |   |
| Salary and employee benefits                   |   | $                   | 19,859 |   |   | $ | 1,439 |   |   | $ | 18,420 |   |   | $ | 21,736 |   |   | $ | 1,428 |   |   | $ | 20,308 |   |
| Net occupancy expense                          |   |                | 6,948  |   |   |   | 1,004 |   |   |   | 5,944 |   |   |   | 6,955 |   |   |   | 1,019 |   |   |   | 5,936 |   |
| Foreclosed asset related expense               |   |                | 21,687 |   |   |   | - |   |   |   | 21,687 |   |   |   | 2,423 |   |   |   | - |   |   |   | 2,423 |   |
| Legal, and other professional                  |   |                | 2,435  |   |   |   | 4 |   |   |   | 2,431 |   |   |   | 1,755 |   |   |   | 76 |   |   |   | 1,679 |   |
| Information system conversion costs            |   |                |   |   |   |   |   |   |   |   |   |   |   |   | 344 |   |   |   | 121 |   |   |   | 223 |   |
| Computer services                              |   |                | 2,022  |   |   |   | 524 |   |   |   | 1,498 |   |   |   | 2,006 |   |   |   | 409 |   |   |   | 1,597 |   |
| Collection costs                               |   |                | 40     |   |   |   | - |   |   |   | 40 |   |   |   | 304 |   |   |   | - |   |   |   | 304 |   |
| Postage, courier and armored car               |   |                | 823    |   |   |   | 73 |   |   |   | 750 |   |   |   | 808 |   |   |   | 129 |   |   |   | 679 |   |
| Marketing and community relations              |   |                | 860    |   |   |   | 114 |   |   |   | 746 |   |   |   | 785 |   |   |   | 74 |   |   |   | 711 |   |
| Operating supplies                             |   |                | 402    |   |   |   | 64 |   |   |   | 338 |   |   |   | 552 |   |   |   | 140 |   |   |   | 412 |   |
| Directors’ fees                          |   |                | 595    |   |   |   | - |   |   |   | 595 |   |   |   | 669 |   |   |   | - |   |   |   | 669 |   |
| Travel expenses                                |   |                | 254    |   |   |   | 3 |   |   |   | 251 |   |   |   | 271 |   |   |   | 7 |   |   |   | 264 |   |
| FDIC and state assessments                     |   |                | 3,515  |   |   |   | 670 |   |   |   | 2,845 |   |   |   | 2,296 |   |   |   | 370 |   |   |   | 1,926 |   |
| FDIC special assessment                        |   |                | -      |   |   |   | - |   |   |   | - |   |   |   | 800 |   |   |   | 169 |   |   |   | 631 |   |
| Amortization of intangibles                    |   |                | 1,168  |   |   |   | 763 |   |   |   | 405 |   |   |   | 1,041 |   |   |   | 636 |   |   |   | 405 |   |
| Net gains on disposition of repossessed assets |   |                | 8      |   |   |   | - |   |   |   | 8 |   |   |   | (210 | ) |   |   | - |   |   |   | (210 | ) |
| Capital raise expense                          |   |                | 2,067  |   |   |   | - |   |   |   | 2,067 |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Insurance, non-building                        |   |                | 1,171  |   |   |   | 1 |   |   |   | 1,170 |   |   |   | 532 |   |   |   | 2 |   |   |   | 530 |   |
| Other operating expense                        |   |                | 1,462  |   |   |   | 37 |   |   |   | 1,425 |   |   |   | 1,652 |   |   |   | 91 |   |   |   | 1,561 |   |
| Total non-interest expense                     |   | $                   | 65,316 |   |   | $ | 4,696 |   |   | $ | 60,620 |   |   | $ | 44,719 |   |   | $ | 4,671 |   |   | $ | 40,048 |   |
|                                           |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                             |   | Successor Company as of September 30, 2010 |    |   | Predecessor Company as of December 31, 2009 |   |
|----------------------------------|--------|--------------------------------------------|---------|--------|---------------------------------------------|--------|
| (Dollars in thousands)           |   | Commercial Real Estate                |    |   | Percentage Composition                      |   |   | Commercial Real Estate |   |   | Percentage Composition |   |
| Mixed Use Commercial/Residential |   | $                                          | 91,417  |   |                                        |   | 15 | % |   | $ | 102,901 |   |   |   | 15 | % |
| Office Buildings                 |   |                                       | 91,363  |   |                                        |   | 15 | % |   |   | 103,426 |   |   |   | 15 | % |
| Hotels/Motels                    |   |                                       | 62,332  |   |                                        |   | 11 | % |   |   | 78,992 |   |   |   | 12 | % |
| 1-4 Family and Multi Family      |   |                                       | 56,932  |   |                                        |   | 10 | % |   |   | 75,342 |   |   |   | 11 | % |
| Guesthouses                      |   |                                       | 86,540  |   |                                        |   | 14 | % |   |   | 94,663 |   |   |   | 14 | % |
| Retail Buildings                 |   |                                       | 68,653  |   |                                        |   | 12 | % |   |   | 78,852 |   |   |   | 12 | % |
| Restaurants                      |   |                                       | 40,962  |   |                                        |   | 7 | % |   |   | 50,395 |   |   |   | 7 | % |
| Marinas/Docks                    |   |                                       | 18,766  |   |                                        |   | 3 | % |   |   | 19,521 |   |   |   | 3 | % |
| Warehouse and Industrial         |   |                                       | 29,094  |   |                                        |   | 5 | % |   |   | 32,328 |   |   |   | 5 | % |
| Other                            |   |                                       | 44,374  |   |                                        |   | 8 | % |   |   | 43,989 |   |   |   | 6 | % |
| Total                            |   | $                                          | 590,433 |   |                                        |   | 100 | % |   | $ | 680,409 |   |   |   | 100 | % |

|                                     |   | Successor Company as of September 30, 2010 |   |   | Predecessor Company as of December 31, 2009 |   |
|------------------------------------------|--------|--------------------------------------------|--------|--------|---------------------------------------------|--------|
|                                     |   | Construction and Vacant Land               |   |   | Percentage Composition                      |   |   | Construction and Vacant Land |   |   | Percentage Composition |   |
| Construction:                            |   |                                       |   |   |                                        |   |   |   |   |   |   |   |
| Residential – owner occupied       |   | $                                          | 2,818  |   |                                        |   | 6 | % |   | $ | 6,024 |   |   |   | 6 | % |
| Residential – commercial developer |   |                                       | 1,670  |   |                                        |   | 4 | % |   |   | 6,574 |   |   |   | 7 | % |
| Commercial structure                     |   |                                       | 4,372  |   |                                        |   | 9 | % |   |   | 13,127 |   |   |   | 13 | % |
|                                     |   |                                       | 8,860  |   |                                        |   | 19 | % |   |   | 25,725 |   |   |   | 26 | % |
| Land:                                    |   |                                       |   |   |                                        |   |   |   |   |   |   |   |   |   |   |   |
| Raw land                                 |   |                                       | 4,523  |   |                                        |   | 10 | % |   |   | 20,684 |   |   |   | 21 | % |
| Residential lots                         |   |                                       | 15,590 |   |                                        |   | 33 | % |   |   | 12,773 |   |   |   | 13 | % |
| Land development                         |   |                                       | 7,579  |   |                                        |   | 16 | % |   |   | 16,877 |   |   |   | 17 | % |
| Commercial lots                          |   |                                       | 10,503 |   |                                        |   | 22 | % |   |   | 21,365 |   |   |   | 23 | % |
| Total land                               |   |                                       | 38,195 |   |                                        |   | 81 | % |   |   | 71,699 |   |   |   | 74 | % |
|                                     |   |                                       |   |   |                                        |   |   |   |   |   |   |   |   |   |   |   |
| Total                                    |   | $                                          | 47,055 |   |                                        |   | 100 | % |   | $ | 97,424 |   |   |   | 100 | % |

----

| (Dollars in thousands)                                                                                                 |   | Successor Company as of September 30, 2010 |   |   | Predecessor Company as of December 31, 2009 |   |
|------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------|--------|--------|---------------------------------------------|--------|
| Total non-accrual loans                                                                                                |   | $                                          | 47,364 |   |                                        | $      | 72,833 |   |
| Accruing loans delinquent 90 days or more                                                                              |   |                                       | -      |   |                                        |   | - |   |
| Total                                                                                                                  |   | $                                          | 47,364 |   |                                        | $      | 72,833 |   |
|                                                                                                                   |   |                                       |   |   |                                        |   |   |   |
| Non-accrual investment securities                                                                                      |   |                                       | 873    |   |                                        |   | 759 |   |
| Repossessed personal property (primarily indirect auto loans)                                                          |   |                                       | 163    |   |                                        |   | 326 |   |
| Other real estate owned                                                                                                |   |                                       | 30,531 |   |                                        |   | 21,352 |   |
| Other assets (*)                                                                                                       |   |                                       | 2,101  |   |                                        |   | 2,090 |   |
| Total  non-performing assets                                                                                 |   | $                                          | 81,032 |   |                                        | $      | 97,360 |   |
|                                                                                                                   |   |                                       |   |   |                                        |   |   |   |
| Allowance for loan losses                                                                                              |   | $                                          | -      |   |                                        | $      | 29,083 |   |
|                                                                                                                   |   |                                       |   |   |                                        |   |   |   |
| Loans in compliance with terms modified in troubled debt restructurings and not included in non-performing loans above |   | $                                          | 20,083 |   |                                        | $      | 35,906 |   |
|                                                                                                                   |   |                                       |   |   |                                        |   |   |   |
| Non-performing assets as a percent of total assets                                                                     |   |                                       | 4.65   | %      |                                        |   | 5.71 | % |
| Non-performing loans as a percent of gross loans                                                                       |   |                                       | 4.73   | %      |                                        |   | 6.08 | % |
| Allowance for loan losses as a percent of non-performing loans                                                         |   |                                       | N/A    |   |                                        |   | 39.93 | % |

|   | (*) | In 1998, TIB Bank made a $10.0 million loan to construct a lumber mill in northern Florida. Of this amount, $6.4 million had been sold by the Bank to other lenders. The loan was 80% guaranteed as to principal and interest by the U.S. Department of Agriculture (USDA). In addition to business real estate and equipment, the loan was collateralized by the business owner’s interest in a trust. Under provisions of the trust agreement, beneficiaries cannot receive trust assets until November 2010. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (Dollars in thousands)                 |   | Successor Company as of September 30, 2010 |   | Predecessor Company as of December 31, 2009 |
|----------------------------------------|--------|--------------------------------------------|--------|---------------------------------------------|
| Collateral Description                 |   | Number of Loans                            |   |                                        | Predeccssor Carrying Amount |   | Carrying Balance at Fair Value |   | Number of Loans |   Carrying Balance |   |   |
| Residential  1-4 family      |   |                                       | 38     |                                        |   | $ | 9,092 |   |   | $ | 7,750 |   |   |   | 36 |   |   | $ | 9,250 |
| Home equity loans                      |   |                                       | 8      |                                        |   |   | 1,422 |   |   |   | 828 |   |   |   | 8 |   |   |   | 1,488 |
| Commercial 1-4 family investment       |   |                                       | 9      |                                        |   |   | 4,395 |   |   |   | 3,783 |   |   |   | 19 |   |   |   | 8,733 |
| Commercial and agricultural            |   |                                       | 6      |                                        |   |   | 743 |   |   |   | 618 |   |   |   | 7 |   |   |   | 2,454 |
| Commercial real estate                 |   |                                       | 29     |                                        |   |   | 33,716 |   |   |   | 27,397 |   |   |   | 29 |   |   |   | 24,392 |
| Residential land development           |   |                                       | 9      |                                        |   |   | 7,443 |   |   |   | 6,593 |   |   |   | 13 |   |   |   | 25,295 |
| Government guaranteed loans            |   |                                       | 1      |                                        |   |   | 137 |   |   |   | 107 |   |   |   | 2 |   |   |   | 143 |
| Indirect auto, auto and consumer loans |   |                                       | 33     |                                        |   |   | 321 |   |   |   | 288 |   |   |   | 97 |   |   |   | 1,078 |
| Total                                  |   |                                       |   |                                        |   | $ | 57,269 |   |   | $ | 47,364 |   |   |   |   |   |   | $ | 72,833 |

| Predecessor Company                                              |   |
|------------------------------------------------------------------|--------|
| Nonaccrual Loan Activity (Other Than Indirect Auto and Consumer) |   |
| (Dollars in thousands)                                           |   |
|                                                             |   |   |   |
| Nonaccrual loans at June 30, 2010                                |   | $ | 76,261 |   |
| Returned to accrual                                              |   |   | (1,907 | ) |
| Net principal paid down on nonaccrual loans                      |   |   | (1,784 | ) |
| Charge-offs                                                      |   |   | (12,028 | ) |
| Loans  foreclosed – transferred to OREO          |   |   | (9,305 | ) |
| Loans placed on nonaccrual                                       |   |   | 5,711 |   |
| Nonaccrual loans at September 30, 2010                           |   | $ | 56,948 |   |
|                                                             |   |   |   |   |

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|                                                                                       |   |                 |   |   |                                                 |   |   | Successor Company |   |   | Predecessor Company                                                                          |   |
|--------------------------------------------------------------------------------------------|--------|----------------------|--------|--------|------------------------------------------------------|--------|--------|-------------------|--------|--------|----------------------------------------------------------------------------------------------|--------|
| Collateral Description                                                                     |   | Original Loan Amount |   |   | Original Loan to Value (Based on Original Appraisal) |   |   | Carrying Amount   |   |   | Amount Charged Against Allowance for Loan Losses During the Quarter Ended September 30, 2010 |   |   | Impact on the Provision for Loan Losses During the Quarter Ended September 30, 2010 |   |
| Arising in Third Quarter 2010                                                              |   |                 |   |   |                                                 |   |   |              |   |   |                                                                                         |   |   |   |   |
| Office Building SW Florida                                                                 |   | $                    | 1,880  |   |                                                 |   | 68     | %                 |   | $      | 1,716                                                                                        |   |   | $ | - |   |   | $ | - |   |
| Numerous smaller balance primarily 1-4 family residential and commercial real estate loans |   |                 |   |   |                                                 |   |   |              |   |   | 2,472                                                                                        |   |   |   | 197 |   |   |   | 278 |   |
|                                                                                       |   |                 |   |   |                                                 | Total  |   |              | $      | 4,188  |                                                                                         |   | $ | 197 |   |   | $ | 278 |   |
|                                                                                       |   |                 |   |   |                                                 |   |   |              |   |   |                                                                                         |   |   |   |   |   |   |   |   |   |
| Nonaccrual Prior to Third Quarter 2010 Remaining on Nonaccrual at September 30, 2010       |   |                 |   |   |                                                 |   |   |              |   |   |                                                                                         |   |   |   |   |   |   |   |   |   |
| Auto dealerships and commercial land in SW Florida                                         |   | $                    | 12,938 |   |                                                 |   | 59     | %                 |   | $      | 10,408                                                                                       |   |   | $ | 1,466 |   |   | $ | 2,065 |   |
| Owner-occupied commercial real estate in Key West Florida                                  |   |                 | 11,772 |   |                                                 |   | 75     | %                 |   |   | 6,975                                                                                        |   |   |   | 1,576 |   |   |   | 1,284 |   |
| Two office buildings in SW Florida                                                         |   |                 | 2,450  |   |                                                 |   | 52     | %                 |   |   | 1,490                                                                                        |   |   |   | - |   |   |   | 371 |   |
| 1-4 family residential in Florida Keys                                                     |   |                 | 2,047  |   |                                                 |   | 77     | %                 |   |   | 1,564                                                                                        |   |   |   | 180 |   |   |   | 122 |   |
| Mobile home park in Florida Keys                                                           |   |                 | 1,375  |   |                                                 |   | 69     | %                 |   |   | 1,143                                                                                        |   |   |   | - |   |   |   | 139 |   |
| Nursery land and residence in South Florida                                                |   |                 | 1,425  |   |                                                 |   | 83     | %                 |   |   | 523                                                                                          |   |   |   | - |   |   |   | - |   |
| Mixed use – office/residential in Key West Florida                                   |   |                 | 862    |   |                                                 |   | 63     | %                 |   |   | 769                                                                                          |   |   |   | - |   |   |   | 40 |   |
| Office space in Florida Keys                                                               |   |                 | 799    |   |                                                 |   | 75     | %                 |   |   | 620                                                                                          |   |   |   | - |   |   |   | (7 | ) |
| Commercial lots in SW Florida                                                              |   |                 | 3,840  |   |                                                 |   | 54     | %                 |   |   | 1,489                                                                                        |   |   |   | 1,150 |   |   |   | 906 |   |
| Commercial lots in SW Florida                                                              |   |                 | 1,450  |   |                                                 |   | 76     | %                 |   |   | 892                                                                                          |   |   |   | 413 |   |   |   | 442 |   |
| Commercial real estate SW Florida                                                          |   |                 | 1,700  |   |                                                 |   | 65     | %                 |   |   | 799                                                                                          |   |   |   | - |   |   |   | 88 |   |
| Mixed use - developer                                                                      |   |                 | 3.602  |   |                                                 |   | 80     | %                 |   |   | 1,621                                                                                        |   |   |   | 50 |   |   |   | (19 | ) |
| Office Building - developer                                                                |   |                 | 1,346  |   |                                                 |   | 53     | %                 |   |   | 693                                                                                          |   |   |   | 291 |   |   |   | 213 |   |
| Two commercial 1-4 family residential                                                      |   |                 | 1,281  |   |                                                 |   | 80     | %                 |   |   | 768                                                                                          |   |   |   | - |   |   |   | - |   |
| Office building                                                                            |   |                 | 1,118  |   |                                                 |   | 66     | %                 |   |   | 1,062                                                                                        |   |   |   | 101 |   |   |   | (22 | ) |
| Numerous smaller balance primarily 1-4 family residential and commercial real estate loans |   |                 |   |   |                                                 |   |   |              |   |   | 12,072                                                                                       |   |   |   | 753 |   |   |   | 1,031 |   |
|                                                                                       |   |                 |   |   |                                                 |   |   |              |   | $      | 42,888                                                                                       |   |   | $ | 5,980 |   |   | $ | 6,653 |   |
|                                                                                       |   |                 |   |   |                                                 | Total  |   |              | $      | 47,076 |                                                                                         |   | $ | 6,177 |   |   | $ | 6,931 |   |
|                                                                                       |   |                 |   |   |                                                 |   |   |              |   |   |                                                                                         |   |   |   |   |   |   |   |   |   |

----

| Predecessor Company           |   |
|-------------------------------|--------|
| OREO Activity                 |   |
| (Dollars in thousands)        |   |
|                          |   |   |   |
| OREO as of June 30, 2010      |   | $ | 38,699 |   |
| Real estate acquired          |   |   | 9,305 |   |
| Valuation Adjustments, net    |   |   | (14,283 | ) |
| Properties sold               |   |   | (3,190 | ) |
| Other                         |   |   | - |   |
| OREO as of September 30, 2010 |   | $ | 30,531 |   |
|                          |   |   |   |   |

----

----

| Successor Company                        |   |
|------------------------------------------|--------|
| (Dollars in thousands)                   |   | 3 Monthsor Less |   |   | 4 to 6Months |   |   | 7 to 12Months |   |   | 1 to 5Years |   |   | Over 5Years |   |   | Total |   |
| Interest-earning assets:                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans                                    |   | $ | 294,353 |   |   | $ | 48,056 |   |   | $ | 144,372 |   |   | $ | 382,712 |   |   | $ | 131,051 |   |   | $ | 1,000,544 |   |
| Investment securities-taxable            |   |   | 11,896 |   |   |   | 1,365 |   |   |   | 11,730 |   |   |   | 145,479 |   |   |   | 135,716 |   |   |   | 306,186 |   |
| Investment securities-tax exempt         |   |   | - |   |   |   | 276 |   |   |   | - |   |   |   | 1,118 |   |   |   | 1,704 |   |   |   | 3,098 |   |
| Marketable equity securities             |   |   | 102 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 102 |   |
| FHLB stock                               |   |   | 9,699 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 9,699 |   |
| Interest-bearing deposits in other banks |   |   | 210,437 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 210,437 |   |
| Total interest-earning assets            |   |   | 526,487 |   |   |   | 49,697 |   |   |   | 156,102 |   |   |   | 529,309 |   |   |   | 268,471 |   |   |   | 1,530,066 |   |
|                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing liabilities:            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NOW accounts                             |   |   | 175,751 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 175,751 |   |
| Money market                             |   |   | 177,763 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 177,763 |   |
| Savings deposits                         |   |   | 72,714 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 72,714 |   |
| Time deposits                            |   |   | 120,053 |   |   |   | 266,371 |   |   |   | 154,451 |   |   |   | 192,670 |   |   |   | - |   |   |   | 733,545 |   |
| Subordinated debentures                  |   |   | 14,659 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 9,811 |   |   |   | 24,470 |   |
| Other borrowings                         |   |   | 53,891 |   |   |   | 10,018 |   |   |   | - |   |   |   | 122,059 |   |   |   | - |   |   |   | 185,968 |   |
| Total interest-bearing liabilities       |   |   | 614,831 |   |   |   | 276,389 |   |   |   | 154,451 |   |   |   | 314,729 |   |   |   | 9,811 |   |   |   | 1,370,211 |   |
|                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest sensitivity gap                 |   | $ | (88,344 | ) |   | $ | (226,692 | ) |   | $ | 1,651 |   |   | $ | 214,580 |   |   | $ | 258,660 |   |   | $ | 159,855 |   |
|                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cumulative interest sensitivity gap      |   | $ | (88,344 | ) |   | $ | (315,036 | ) |   | $ | (313,385 | ) |   | $ | (98,805 | ) |   | $ | 159,855 |   |   | $ | 159,855 |   |
|                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cumulative sensitivity ratio             |   |   | (5.8 | %) |   |   | (20.6 | %) |   |   | (20.5 | %) |   |   | (6.5 | %) |   |   | 10.4 | % |   |   | 10.4 | % |
|                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

----

|                                                |   | September 30, 2010       |     |
|-----------------------------------------------------|--------|--------------------------|----------|
|                                                |   | Immediate Parallel Shift |     |   | Ramped Parallel Shift |   |
| Twelve Month Period                                 |   |                     | +2  | % |   |   |   | +2% |   |
|                                                |   |                     |     |   |   |   |   |   |
| Percentage change in net interest  income |   |                     | +3  | % |   |   |   | +4% |   |

----

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|   | Exhibit 31.1 | -      | Chief Executive Officer’s certification required under Section 302 of Sarbanes-Oxley Act of 2002 |
|--------|--------------|--------|--------------------------------------------------------------------------------------------------------|
|   | Exhibit 31.2 | -      | Chief Financial Officer’s certification required under Section 302 of Sarbanes-Oxley Act of 2002 |
|   | Exhibit 32.1 | -      | Chief Executive Officer’s certification required under Section 906 of Sarbanes-Oxley Act of 2002 |
|   | Exhibit 32.2 | -      | Chief Financial Officer’s certification required under Section 906 of Sarbanes-Oxley Act of 2002 |
|   |         |   |                                                                                                   |

|                                           |   | TIB FINANCIAL CORP.                                                          |
|------------------------------------------------|--------|------------------------------------------------------------------------------|
|   Date:  November 15, 2010 |   |     /s/ R. Eugene Taylor                                 |
|                                           |   | R. Eugene TaylorChairman and Chief Executive Officer                         |
|                                           |   |                                                                         |
|   Date:  November 15, 2010 |   |     /s/ Christopher G. Marshall                          |
|                                           |   | Christopher G. MarshallChief Financial Officer(Principal Accounting Officer) |

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