OMB Control Number 1505-0222 ANNUAL USE OF CAPITAL SURVEY - 2009 NAME OF INSTITUTION (Include Holding Company Where Applicable) Spirit BankCorp, Inc. Person to be contacted regarding this report: UST Sequence Number: CPP Funds Received: RSSD: S. Trevor Kelly (For Bank Holding Companies) Holding Company Docket Number: 1009 (For Thrift Holding Companies) 30,000,000 CPP Funds Repaid to Date: Date Funded (first funding): 1062135 0 Mar 27, 2009 Date Repaid1: FDIC Certificate Number: (For Depository Institutions) City: State: 4048 Bristow Oklahoma N/A 1If 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). To answer that question, Treasury is seeking responses that describe generally how the CPP 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 investment was deployed or how many CPP 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 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 funds were outstanding). Increase lending or reduce lending less than otherwise would have occurred. To the extent the funds supported increased lending, please describe the major type of loans, if possible (residential mortgage loans, commercial mortgage loans, small business loans, etc.). Increase securities purchased (ABS, MBS, etc.). The added capital resulted in approximately $400 million of additional residential mortgage loans funded in 2009. Make other investments Increase reserves for non-performing assets Reduce borrowings Increase charge-offs Purchase another financial institution or purchase assets from another financial institution Held as non-leveraged increase to total capital What actions were you able to avoid because of the capital infusion of CPP funds? SpiritBank was able to maintain its asset size with the added capital from the CPP investment. Without the CPP investment we would not have been able to sustain our asset size or increase lending to small businesses and consumers. What actions were you able to take that you may not have taken without the capital infusion of CPP funds? SpiritBank owns a wholly owned subsidiary, American Southwest Mortgage Corp ("ASMC"). The CPP investment allowed SpiritBank to increase lending through ASMC that translated into approximately 3,300 additional residential mortgage loans being made in 2009. Please describe any other actions that you were able to undertake with the capital infusion of CPP funds. As noted above the CPP investment was made primarily to fund additional residential mortgage loans. In turn earnings were improv According to the Paperwork Reduction Act of 1995, no persons are required to respond to a collection of information unless it displays a valid OMB control number. The valid OMB control number for this information collection is 1505-0222. The time required to complete this information collection is estimated to average 80 hours per response.