CPP ANNUAL USE OF CAPITAL SURVEY - 2011
NAME OF INSTITUTION
(Include Holding Company Where Applicable)

Spirit BankCorp

Point of Contact:

Trevor Kelly

RSSD: (For Bank Holding
Companies)

1062135

UST Sequence Number:

1009

Docket Number: (For Thrift
Holding Companies)

N/A

CPP/CDCI Funds Received:

30,000,000

FDIC Certificate Number: (For
Depository Institutions)

4048

Credit Union Charter Number:
(For Credit Unions)

N/A

CPP/CDCI Funds Repaid to
Date:
Date Funded (first funding):

March 29, 2009

City:

Tulsa

Date Repaid1:

N/A

State:

Oklahoma

1

If repayment was incremental, please enter the most recent repayment date.

American taxpayers are quite interested in knowing how banks have used the money that Treasury has invested under the Capital Purchase Program (CPP) and
Community Development Capital Initiative (CDCI). To answer that question, Treasury is seeking responses that describe generally how the CPP/CDCI
investment has affected the operation of your business. We understand that once received, the cash associated with TARP funding is indistinguishable from
other cash sources, unless the funds were segregated, and therefore it may not be feasible to identify precisely how the CPP/CDCI investment was deployed or
how many CPP/CDCI dollars were allocated to each use. Nevertheless, we ask you to provide as much information as you can about how you have used the
capital Treasury has provided, and how your uses of that capital have changed over time. Treasury will be pairing this survey with a summary of certain
balance sheet and other financial data from your institution's regulatory filings, so to the extent you find it helpful to do so, please feel free to refer to your
institution's quarterly call reports to illustrate your answers. This is your opportunity to speak to the taxpayers in your own words, which will be posted on our
website.

What specific ways did your institution utilize CPP/CDCI capital? Check all that apply and elaborate as appropriate, especially if the uses
have shifted over time. Your responses should reflect actions taken over the past year (or for the portion of the year in which CPP/CDCI
funds were outstanding).
X Increase lending or reduce lending less than otherwise would have occurred.
0
0

 CPP ANNUAL USE OF CAPITAL SURVEY - 2011
NAME OF INSTITUTION
(Include Holding Company Where Applicable)

Spirit BankCorp

To the extent the funds supported increased lending, please describe the major type of loans, if possible (residential mortgage loans,
X commercial mortgage loans, small business loans, etc.).
We are able to maintain a residential mortgage warehouse line of $450 million to put families in homes in our region. We would not be
able to maintain this without CPP funds. However, our commercial lending decreased due to lower demand, regulatory and economic
environments.

X Increase securities purchased (ABS, MBS, etc.).

X Make other investments.

Page 2

 CPP ANNUAL USE OF CAPITAL SURVEY - 2011
NAME OF INSTITUTION
(Include Holding Company Where Applicable)

Spirit BankCorp

X Increase reserves for non-performing assets.

X Reduce borrowings.

X Increase charge-offs.

Page 3

 CPP ANNUAL USE OF CAPITAL SURVEY - 2011
NAME OF INSTITUTION
(Include Holding Company Where Applicable)

Spirit BankCorp

X Purchase another financial institution or purchase assets from another financial institution.

X Held as non-leveraged increase to total capital.
Leveraged for purposes of residential mortgage lending.

Page 4

 CPP ANNUAL USE OF CAPITAL SURVEY - 2011
NAME OF INSTITUTION
(Include Holding Company Where Applicable)

Spirit BankCorp

What actions were you able to avoid because of the capital infusion of CPP/CDCI funds?
Avoided having to curtail residential mortgage lending and shutting out a substantial source of residential mortgages in our region.

Page 5

 CPP ANNUAL USE OF CAPITAL SURVEY - 2011
NAME OF INSTITUTION
(Include Holding Company Where Applicable)

Spirit BankCorp

What actions were you able to take that you may not have taken without the capital infusion of CPP/CDCI funds?
In addition to the increase in residential mortgage loans reported here, we were able to expand subsidiary mortgage relationships in other
states.

Page 6

 CPP ANNUAL USE OF CAPITAL SURVEY - 2011
NAME OF INSTITUTION
(Include Holding Company Where Applicable)

Spirit BankCorp

Please describe any other actions that you were able to undertake with the capital infusion of CPP/CDCI funds.

Page 7