⁽¹⁾The Assets of the receivership are shown, as of the report date, at values comprising 1) cash on hand/invested; 2) receivables due from the FDIC and/or the acquiring institution; and 3) assets in liquidation at recorded book values, including: (i) the principal balance of loans, notes, other debt instruments or receivables (note that interest on these assets is recognized upon receipt); (ii) the foreclosed value of real and/or personal property or the book value of assets (cost less depreciation or amortization through date of the institution’s failure); and (iii) the historical cost of the net investment in subsidiaries, partnerships or joint ventures (adjusted where appropriate to reflect the receivership’s portion of the underlying net earnings or losses.)

⁽²⁾An Estimated Loss on Assets is reported when anticipated future asset disposition proceeds are less than recorded book value amounts. Future asset disposition proceeds are generally estimated by determining, via sampling or recent disposition activity, the recovery rates for similar assets across all receiverships. However, actual recovery rates for this receivership may differ according to the quality and type of individual asset, as well as over time with changing market conditions, and costs incurred through asset disposition. Accordingly, asset gains or losses ultimately realized for this receivership may vary from the amounts estimated as of the date of this report.

⁽³⁾The Unproven Claims line item includes those estimated and unpaid liabilities that were recorded on the accounting records of the insured depository institution as of the date of failure, but have not yet been proven to the satisfaction of the receiver in accordance with applicable law and/or the FDIC’s regulations regarding the determination of claims. If proven, the unproven claim amount will be reclassified on the balance sheet as an administrative, deposit, or other claimant liability type. Note that the Unproven Claims line item amount does not include pending administrative claims, pending litigation claims, or residual shareholder interests.

⁽⁴⁾The Total Liabilities line item reflects actual and certain estimated liabilities recorded on the accounting records of this receivership as of the date of this report, in accordance with current receivership accounting practices. Note that the Total Liabilities line item does not include other contingent liabilities such as accrued interest due on secured and unsecured claims, projected liquidation expenses for ongoing and future receivership activities, pending administrative claims, pending litigation claims, or residual shareholder interests.