purchase and assumption agreement whole bank all deposits - FDIC

Calculation of Loss For Restructured Loans
Concept and Definition - Restructurina Loss
f'Qfpurposes of loss sharing, losses on restructured loans are calculated as the difference between
(a) the principal, accrued interest and advances due on the loan prior to restructuring, and
{b) the Net Present Value (NPV} of estimated cash flows on the restructured loan, discounted at
the most recently published Freddie Mac survey rate on 30-year fixed-rate loans at the restructure date.
The NPV calculations must assume loan prepayment in full at the end of ten years (120 months).
Form for Calculation - Restructurina Loss
Shared-Loss Month:
Loan no.:
Loan before Restructurina
Original loan amount
Current unpaid principal balance
Remaining term
Interest rate
Interest Paid-To Date
Monthly payment- P&l
Monthly payment - T&l
thly payment
(fixed-rate, ARM, 1/0, Option ARM, etc.)
Terms ofModified/Restructured Loan
Closing date on modified/restructured loan
New Principal balance
Remaining term
Interest rate
Monthly payment - P&l
Monthly payment - T&l
Total monthly payment
Loan type (Fixed-rate, ARM, 1/0, Option ARM, negative
amortization features, etc.)
Lien type (1st, 2nd)
If adjustable:
Initial interest rate
Term- initial interest rate
Initial payment amount
Term- initial payment amount
Whole Bank P&A w/Loss Sharing
February 6, 2009
68
[input month]
[input loan no.)
Alliance Bank
Culver City, CA