Exhibit 99.1

BankAtlantic Bancorp Reports Financial Results
For the Second Quarter, 2010

FORT LAUDERDALE, Florida — August 04, 2010 — BankAtlantic Bancorp, Inc. (NYSE: BBX) today reported a net loss from continuing operations of ($51.3) million, or ($1.02) per diluted share, for the quarter ended June 30, 2010, compared to a net loss from continuing operations of ($38.4) million, or ($2.54) per diluted share, for the quarter ended June 30, 2009.

     BankAtlantic Bancorp’s Chairman and Chief Executive Officer, Alan B. Levan, commented, “While today’s uncertain economic environment remains a challenge for the financial industry and BankAtlantic, we believe this quarter’s losses may be a turning point and feel confident that our plans and strategies will result in a stronger, leaner, more profitable company. Despite twelve quarters of losses, we believe that BankAtlantic has now endured the worst of this recession and weathered the economic tsunami that hit Florida. BankAtlantic’s loss this quarter is primarily a result of loan provisions that increased our overall allowance for loan losses to 5.09% of total loans, an increase of 10% in coverage of our total loan portfolio on a percentage basis. This loan loss reserve increase reflects quarterly impairment analyses based on collateral valuations in a depressed real estate market.

     “We believe we are at last beginning to see certain improved credit trends in BankAtlantic’s portfolio. In each of the Commercial real estate, Residential real estate, Consumer and Commercial business loan portfolio categories during the second quarter of 2010, we experienced declines in both the dollar amount and percentage of portfolio delinquencies, excluding non-accrual loans. In the aggregate, these early stage delinquencies, which we believe may be indicative of future loss trends, improved over 50% as compared to the prior quarter, led by declines in delinquencies in our Commercial real estate and Residential real estate portfolio. Further, our Residential real estate portfolio, which comprises approximately 40% of our loan portfolio, and Consumer portfolio both experienced improvements for their second and third consecutive quarters, respectively, in the migration of delinquencies from one payment to two payments delinquent. Based on these trends, we believe that we may have seen the peak of our impairments, provisions and delinquencies, and it is not insignificant that over $40 million of our

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Commercial and Commercial real estate non-accrual loans are current and paying under their loan agreements. While many challenges remain, we see a new day for BankAtlantic and for Florida on the horizon.

     “Nearly three years ago, BankAtlantic was among the first in the country to recognize the cracks in the Florida economy and the potential havoc it could create. While our portfolios were not the first to be impacted, we believe we were early to recognize the problem. During this period, BankAtlantic worked hard to face the challenges head on and made important strategic and structural decisions which included:

• “Increasing its reserves and aggressively establishing provisions on its problem loans;

• “Reducing core non-interest expenses by approximately 30%;

• “Shrinking its balance sheet by nearly a third;

• “Virtually eliminating its leverage and significantly improving its liquidity position;

• “Significantly growing its core deposit base while maintaining its very low cost of deposits;

• “Continuing to maintain its net interest margin; and

• “Consistently maintaining its regulatory capital ratios well in excess of requirements.

     “As we move forward, we believe BankAtlantic will now be positioned to become Florida’s premier financial institution. To this end, we have decided to pursue several aggressive steps over the coming months in an effort to take advantage of the opportunities available in our markets. These include:

• “Concentrating our efforts in South Florida, our strongest market, and beginning to seek buyers for our Tampa operations. Our Tampa footprint has 19 locations and approximately $400 million in deposits. Our annualized direct and indirect expenses related to the Tampa operations that would be eliminated in a sale are estimated between $15 and $20 million. We anticipate engaging Stifel, Nicolaus & Company, Inc. to assist us in marketing and selling our Tampa area operations prior to year end. If consummated, we believe this transaction will further improve our capital ratios, reduce expenses and increase core earnings.

• “In July, 2010, to further reduce expenses and improve our efficiency ratio, we reduced our staff by approximately 7% of our workforce, reducing annualized expenses an

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anticipated $8 to $10 million. We have also engaged a consulting firm for additional assistance in our process improvement and efficiency initiatives.

• “Continuing to focus on our regulatory capital levels so as to provide BankAtlantic with strategic flexibility. Additionally, the sale of the Tampa operations, depending on terms, is anticipated to improve our regulatory capital ratios further from our existing well capitalized levels. At June 30, 2010, BankAtlantic’s capital ratios were:

• Total risk-based capital of 12.86%.

• Tier 1 risk-based capital of 10.87%.

• Core capital of 7.36%.

“In addition, as indicated below, BankAtlantic’s capital ratios have been very stable over the last four years.

Capital Ratios (BankAtlantic) as of:

	12/2006			12/2007			12/2008			12/2009			3/31/2010
Core		7.55	%		6.94	%		6.80	%		7.58	%		7.51	%
Tier 1 Risk-Based		10.50	%		9.85	%		9.80	%		10.63	%		10.90	%
Total Risk-Based		12.08	%		11.63	%		11.63	%		12.56	%		12.86	%

• “Evaluating our nonperforming assets, including real estate assets and loans, and available alternatives to reduce these assets, which would free up additional capital and internal resources, and reduce related ongoing costs. We believe we are seeing improved credit trends in our residential and consumer portfolios. We have written down our nonperforming real estate portfolio and believe the worst of the impairments and required allowances are behind us. We believe we are beginning to see a stronger economy, more interest and liquidity in the markets for purchasing nonperforming assets, and better pricing.

     “Through these activities and a concentrated focus on the generation of core earnings, we believe we will be in a position to return BankAtlantic to profitability as conditions in Florida improve. Importantly, we intend to continue to build strong relationships in our communities, meet the banking needs of South Florida, and continue the extraordinary customer satisfaction that helped BankAtlantic earn the highest ranking by J.D. Power and Associates in customer satisfaction for retail banking in Florida.”

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Highlights of the BankAtlantic Operating Segment:

     BankAtlantic’s Chief Executive Officer, Jarett S. Levan, commented, “Despite the prolonged economic downturn, the core business of the bank remains strong. During its 58 years serving Florida, BankAtlantic has experienced and successfully navigated through a number of economic and real estate downturns. BankAtlantic’s residential lending practices have never included subprime, option-arm, negative amortization or similar products. We believe that is why its residential loan portfolio has performed better than most standard industry comparisons over the last several years. BankAtlantic’s investment portfolio has not included any commercial paper, collateralized debt obligations, structured investment vehicles, Fannie Mae or Freddie Mac equity or debt securities, or investments otherwise considered high-risk. Further, while we experienced and recognized losses in our loan portfolios, we believe we have maintained appropriate loan reserves and have made significant progress in reducing our operating expenses and leverage, while maintaining our net interest margin, since the start of the real estate crisis through the second quarter of 2010. Overall, we believe BankAtlantic, with its strong base of retail and business customers and focus on core strengths, is positioned to emerge from the current economic downturn stronger, leaner, and on track toward profitability.

BankAtlantic Performance:

Deposits and Borrowings— “Core ⁽¹⁾ and total deposits at June 30, 2010 were $2.8 billion and $4.0 billion, respectively, as compared to $2.4 billion and $4.1 billion, respectively, as of June 30, 2009. At June 30, 2010, BankAtlantic’s deposit base had the following characteristics:

• “Non-certificate of deposit balances represented approximately 81.2% of total deposits;

• “The average cost of core deposits and total deposits for the second quarter of 2010 was 0.29% and 0.59%, respectively; and

• “Brokered deposit balances represented only 0.55% of assets and 0.64% of total deposits.

⁽¹⁾ Core deposits is a term that we use to refer to Demand, NOW and Savings accounts. A reconciliation of core deposits to total deposits is included in BankAtlantic Bancorp’s Second Quarter, 2010 Supplemental Financials available at www.BankAtlanticBancorp.com. To view the financial data, access the “Investor Relations” section and click on the “Quarterly Financials or Supplemental Financials” navigation links.

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• “BankAtlantic continued to reduce its borrowings, resulting in total borrowings of $171.7 million, or 3.7% of total assets, at June 30, 2010.

• “BankAtlantic’s loan to deposit ratio was 84.4% at June 30, 2010.

     Results of Operations — “BankAtlantic’s net loss was ($40.1) million for the second quarter of 2010, compared to a net loss of ($24.2) million for the second quarter of 2009.

• “Pretax core operating earnings ⁽²⁾ for the second quarter of 2010 was $9.1 million compared to $18.7 million for the second quarter of 2009. Included in the second quarter 2010 core earnings is a one-time reversal of previously recorded net interest income of $1.4 million related to the tax certificate portfolio and the impact of a large amount of liquidity in the form of approximately $254 million in average excess invested cash balances yielding 22 basis points. In the future, we anticipate that our core earnings will reflect the reinvestment of these cash balances, realization of expense savings associated with the recent reduction in force and ongoing efficiency efforts, and improvements associated with the sale of the Tampa operations. The decline in the second quarter 2010 core earnings from the 2009 comparative quarter was largely due to lower net interest income primarily related to lower asset balances, an increase in low-yielding excess cash balances and non-earning assets, the interest reversal discussed above; lower non-interest income due to lower securities gains and reduced non-sufficient funds income due to changes in customer behavior; further, core non-interest expenses were flat year-over-year. Loan loss and tax certificate provisions, debt redemption costs, FDIC special assessment, loss on real estate sold and impairment, restructuring and exit activity expenses, which are not included in pre-tax core operating earnings, were ($48.9) million for the second quarter of 2010, and ($42.9) million for the second quarter of 2009.

Net Interest Margin— “Net interest income for the second quarter of 2010 was $37.0 million compared to $40.1 million for the second quarter of 2009, with improvements in net interest margin offset by decreases in earning assets, increases in lower-yielding investments and increases in nonperforming assets.

⁽²⁾ Pre-tax core operating earnings is a non-GAAP measure that we use to refer to pre-tax earnings before provision for loan losses, tax certificate provisions, debt redemption costs, FDIC special assessments and impairment, gains/losses on sales of real estate, restructuring and exit activities. A reconciliation of loss from bank operations before income taxes to pre-tax core operating earnings is included in BankAtlantic Bancorp’s Second Quarter, 2010 Supplemental Financials available at www.BankAtlanticBancorp.com. To view the financial data, access the “Investor Relations” section and click on the “Quarterly Financials or Supplemental Financials” navigation links.

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• “Net interest margin during the second quarter of 2010 was 3.49%, a 25 basis point improvement from 3.24% during the second quarter of 2009.

• “Net interest spread during the second quarter of 2010 was 3.30%, improved by 40 basis points from 2.90% during the second quarter of 2009.

• “Average balance sheet activity impacting net interest income included:

• “Earning assets declined by $812 million since June 30, 2009.

• “The second quarter 2010 average balance sheet included $254 million in average invested excess cash earning an average yield of 22 basis points. This compares to $25 million in average invested cash during the second quarter 2009, earning an average yield of approximately 25 basis points. This increase in invested cash balances combined with the one-time reversal of $1.4 million in tax certificate interest accrual served to negatively impact the yield on Investments for the second quarter from 5.17% to 2.12%.

• “The second quarter 2010 average balance sheet included $304 million in average non-interest earning assets, an increase of $4.6 million from the second quarter 2009 average balances.

     Non-interest income — “Total non-interest income for the second quarter of 2010 was $26.3 million, down from $32.8 million for the second quarter of 2009, due primarily to $1.8 million of lower securities gains, and $3.8 million in lower deposit service charges due to declines in customer non-sufficient funds activity.

     Non-interest expense — “Total non-interest expenses were $59.5 million in the second quarter of 2010, compared to $61.1 million in the second quarter of 2009.

• “Core expenses ⁽³⁾ were $54.2 million in the second quarter of 2010, flat when compared to $54.1 million in the second quarter of 2009. Core expenses in the second quarter 2010 as compared to the second quarter 2009 included lower expenses of $0.7 million in

⁽³⁾ Core expense is a non-GAAP measure that we use to refer to total non-interest expenses excluding tax certificate provisions, debt redemption costs, FDIC special assessments, gains/losses on sales of real estate, impairments, restructuring and exit activities. A reconciliation of total expense to core expense is included in BankAtlantic Bancorp’s Second Quarter, 2010 Supplemental Financials available at www.BankAtlanticBancorp.com. To view the financial data, access the “Investor Relations” section and click on the “Quarterly Financials or Supplemental Financials” navigation links.

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employee compensation and benefits, $1.1 million in occupancy and equipment and $0.5 million in check losses (associated with the declines in non-sufficient funds income); these expense reductions were offset by a $1.9 million increase in professional fees
primarily related to litigation costs and a $0.3 million increase in advertising and business promotion.

     “Expenses not included in core expenses consisted of the following:

• “Impairment, restructuring and exit charges were $2.2 million in the second quarter of 2010, versus $1.8 million in the second quarter of 2009. The charges in the second quarter of 2010 were primarily associated with write-downs of land and leaseholds held-for-sale.

• “Tax certificate provision of $2.1 million in the second quarter of 2010, versus $1.4 million in the second quarter of 2009, primarily associated with increased provisions in certain out-of-state markets.

• “Loss on sale of real estate of $0.9 million in the second quarter of 2010, versus $0.1 million gain in the second quarter of 2009.

• “Costs associated with debt redemption of $53,000 for the second quarter of 2010, versus $1.4 million in the second quarter of 2009. These costs were associated with the prepayment of certain borrowings as part of our balance sheet de-leveraging efforts throughout the past year.

Credit:

• “The provision for loan losses in the second quarter of 2010 was $43.6 million compared to $32.0 million in the first quarter of 2010, and $36.0 million in the second quarter of 2009. The increased provision in the second quarter of 2010 as compared to the first quarter of 2010 reflects increased commercial real estate non-accrual loans, and a greater number of commercial real estate loans for which we are relying on collateral values for impairment valuation. These factors offset the positive provision impacts of lower net charge-offs and a significant decline in early stage delinquencies (delinquencies excluding non-accrual loans at June 30, 2010 declined by over 50% as compared to levels at March 31, 2010).

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• “BankAtlantic’s allowance for loan losses was $180.6 million at June 30, 2010. The allowance coverage to total loans increased to 5.09% at June 30, 2010, compared to 4.64% at March 31, 2010 and 3.79% at June 30, 2009.

• “The provision for loan losses in the second quarter of 2010 of $43.6 million largely related to our Commercial Real Estate ($26.5 million provision) and Consumer ($12.7 million provision) loan portfolios, as those portfolios together represented approximately 80% of the quarter’s net charge-offs.

• “Net charge-offs were $32.5 million in the second quarter of 2010, compared to net charge-offs of $36.1 million in the first quarter of 2010, and net charge-offs of $25.8 million in the second quarter of 2009.

• “Second quarter 2010 net charge-offs included $14.1 million in the Commercial Real Estate loan portfolio, $11.6 million in the Consumer Loan portfolio, $4.8 million in the Residential Real Estate loan portfolio and $2.1 million in the Small Business loan portfolio.

• “Total non-accrual loans were $362.1 million at June 30, 2010, reflecting an increase of $60.8 million from $301.4 million at March 31, 2010, and an increase of $66.7 million from June 30, 2009. The increase in non-accrual loans during the second quarter of 2010 was largely due to net increases in non-accrual loans of $61.1 million in Commercial Real Estate, offset by a net decline of $4.4 million in Residential non-accrual loans. Of the second quarter 2010 net increase in Commercial Real Estate non-accrual loans, borrowers under loans comprising approximately $24.8 million in new non-accrual loan balances were current and paying under terms of their loan agreements.

• “Total nonperforming assets were $410.5 million at June 30, 2010, an increase of $66.8 million from $343.7 million at March 31, 2010, and an increase of $81.8 million from June 30, 2009.

“Other credit information for BankAtlantic’s three largest loan portfolios is further detailed below.

     Commercial Real Estate Loans — “At June 30, 2010, BankAtlantic’s Commercial Real Estate loan portfolio included the following:

• “Commercial residential land acquisition, development and construction loans consisting of:

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• Builder land bank loans: 5 loans aggregating $17.5 million, all of which were on non-accrual at June 30, 2010. Charge-offs of $38.6 million have been taken on these non-accrual loans, and $4.5 million in specific reserves are currently maintained against these loans.

• Land acquisition and development loans: 23 loans aggregating $145.7 million, including 9 loans aggregating $62.1 million on non-accrual at June 30, 2010. Charge-offs of $18.5 million have been taken on these non-accrual loans, and $12.3 million in specific reserves are currently maintained against these loans.

• Land acquisition, development and construction loans: 4 loans aggregating $6.1 million, with no loans on non-accrual at June 30, 2010.

• “Commercial land loans: 30 loans aggregating $91.8 million, including 8 loans aggregating $52.3 million on non-accrual at June 30, 2010. Charge-offs of $19.5 million have been taken on these non-accrual loans, and $6.2 million in specific reserves are currently maintained against these loans.

• “All other Commercial Real Estate loans: Portfolio of $789.6 million, including 25 loans aggregating $98.1 million on non-accrual at June 30, 2010. Charge-offs of $19.5 million have been taken on these non-accrual loans, and $31.5 million in specific reserves are currently maintained against these loans.

     Residential Real Estate Loans— “Our Residential Real Estate loan portfolio was $1.4 billion at June 30, 2010, representing 39.5% of the Bank’s total loans. The purchased residential loan portfolio (representing 95.0% of the total residential loan portfolio) consists of approximately 4,800 first mortgage loans secured by properties throughout the United States.

•	“Net charge-offs for the second quarter of 2010 were $4.8 million, compared to
	net charge-offs of $4.1 million in the first quarter of 2010 and $3.6 million in the second quarter of 2009.
•	“Delinquencies, excluding non-accrual loans, at June 30, 2010 were $18.5 million (a 31% decline from the March 31, 2010 level), which represented 1.32% of the portfolio at June 30, 2010, compared to 1.83% of the portfolio at March 31, 2010 and 1.39% of the portfolio at June 30, 2009.
•	“Residential non-accrual loans at June 30, 2010 were $83.9 million, down from $88.3 million at March 31, 2010, and up from $64.7 million at June 30, 2009.

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• “The allowance coverage for Residential Real Estate loans was 1.62% at June 30, 2010 as compared to 2.01% at March 31, 2010 and 1.28% at June 30, 2009. The reduction in the current quarter’s allowance coverage was driven by improved non-accrual collateral values and other improved credit quality factors including delinquency and loss trends.

     Consumer Loans - “Our Consumer Loan portfolio had an outstanding balance of $644.9 million at June 30, 2010. Home equity loans represent 96% of the Consumer Loan portfolio. All of our home equity loans were originated by us in our local markets with central underwriting. BankAtlantic does not have a credit card portfolio.

• “Net charge-offs in the second quarter of 2010 were $11.6 million, compared to $10.6 million in the first quarter of 2010 and $9.0 million in the second quarter of 2009.

• “Delinquencies, excluding non-accrual loans, decreased to $13.2 million, or 2.04% of the portfolio, at June 30, 2010, compared to $14.9 million, or 2.23% of the portfolio, at March 31, 2010.

• “Consumer non-accrual loans at June 30, 2010 were $13.8 million, down slightly from $14.4 million at March 31, 2010, and up from $11.8 million at June 30, 2009.

• “The allowance coverage for Consumer loans at June 30, 2010 was 6.37% of the portfolio, compared to 6.00% at March 31, 2010 and 5.86% of the portfolio at June 30, 2009.”

BankAtlantic Bancorp (Parent Company level):

     Alan B. Levan further commented, “BankAtlantic Bancorp recently announced the completion of its previously announced Rights Offering on July 20, 2010, with approximately $20.0 million of proceeds received in connection with the exercise of rights by its shareholders. We are quite pleased with the participation of our shareholders, having purchased approximately 80% of the offer. Additionally, during the second quarter of 2010, BankAtlantic Bancorp contributed capital of $20 million to BankAtlantic.

     “BankAtlantic Bancorp’s net loss at the parent only level was ($11.4) million for the second quarter of 2010, compared to a net loss of ($14.2) million for the second quarter of 2009. The net loss in the second quarter of 2010 included a net provision for loan losses of $4.9 million compared to $7.5 million in the second quarter of 2009. Additionally, the second quarter of

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2010 results included $0.6 million in losses related to the sale of real estate owned, and $0.7 million of real estate owned impairment.

     “As announced in the first quarter of 2009, we continue to defer the regularly scheduled interest payments on the outstanding junior subordinated debentures relating to all of our TruPS, which is permitted under the terms of the securities for up to another 14 consecutive quarterly periods. Additionally, our previously disclosed tender for certain of these debentures remains outstanding through September 30, 2010.

     Asset Workout Subsidiary — “During the first quarter of 2008, Bancorp formed a wholly-owned asset workout subsidiary and purchased certain non-accrual loans from BankAtlantic. These assets are no longer held by BankAtlantic, and any gain or loss associated with these assets has no impact on BankAtlantic’s operations or capital, but will be included in Bancorp’s consolidated results. These assets, as with all other assets and liabilities of Bancorp, should not be combined with those of BankAtlantic when evaluating and comparing metrics for BankAtlantic as the insured financial institution.

     “The loans held by the workout subsidiary totaled $27.3 million with specific loan reserves of $7.2 million at June 30, 2010.

     “The composition of the non-accrual loans held by the Company’s asset workout subsidiary at June 30, 2010 was as follows:

• “Builder land bank loans: One loan totaling $6.0 million. Charge-offs of $13.9 million have been taken on this non-accrual loan, and $0.6 million in specific reserves are currently maintained against this loan.

• “Land acquisition and development loans: 3 loans aggregating $4.6 million. Charge-offs of $7.2 million have been taken on these non-accrual loans, and $0.9 million in specific reserves are currently maintained against these loans.

• “Land acquisition, development and construction loans: 5 loans aggregating $8.2 million. Charge-offs of $8.0 million have been taken on these non-accrual loans, and $5.5 million in specific reserves are currently maintained against these loans.

• “Commercial business loans: One loan aggregating $5.5 million, with $0.3 million in specific reserves currently maintained against this loan. This loan has not incurred prior charge-offs.”

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Additional detailed financial data for BankAtlantic (bank only), the Parent- BankAtlantic Bancorp, and consolidated BankAtlantic Bancorp are available at www.BankAtlanticBancorp.com.

To view the financial data, access the “Investor Relations” section and click on the “Quarterly Financials or Supplemental Financials” navigation links. Additionally, BankAtlantic’s financial information is provided quarterly to the OTS through Thrift Financial Reports, available to the public through the OTS and FDIC websites.

Additionally, copies of BankAtlantic Bancorp’s second quarter 2010 financial results press release and financial data are available upon request via fax, email, or postal service mail. To request a copy, contact BankAtlantic Bancorp’s Investor Relations department using the contact information listed below.

BankAtlantic Bancorp plans to host an investor and media teleconference call and webcast on Wednesday, August 4th at 11:00 a.m. (Eastern Time).

Teleconference Call Information:

     To access the teleconference call in the U.S. and Canada, the toll free number to call is (866) 601-3893. International calls may be placed to (706) 643-2864. Domestic and international callers may reference PIN number 88733341.

     A replay of the conference call will be available beginning two hours after the call’s completion through 2:30 p.m. Eastern Time, Friday, September 3, 2010. To access the replay option in the U.S. and Canada, the toll free number to call is 1-800-642-1687. International calls for the replay may be placed at 706-645-9291. The replay digital PIN number for both domestic and international calls is 88733341.

Webcast Information:

Alternatively, individuals may listen to the live and/or archived webcast of the teleconference call. To listen to the webcast, visit www.BankAtlanticBancorp.com, access the “Investor Relations” section and click on the “Webcast” navigation link, or go directly to http://www.visualwebcaster.com/event.asp?id=71016. The archived replay of the teleconference call will be available through 2:30 p.m. Eastern Time, September 3, 2010.

About BankAtlantic Bancorp:

BankAtlantic Bancorp (NYSE: BBX) is a bank holding company and the parent company of BankAtlantic.

About BankAtlantic:

BankAtlantic, Florida’s Most Convenient Bank, is one of the largest financial institutions headquartered in Florida. Via its broad network of community branches, online banking division — BankAtlantic.com, and conveniently located ATMs, BankAtlantic provides a full line of personal, small business and commercial banking products and services. BankAtlantic is open 7 days a week with extended weekday hours, Free Online Banking & Bill Pay, a 7-Day Customer Service Center and Change Exchange coin counters.

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For further information, please visit our websites:
www.BankAtlanticBancorp.com
www.BankAtlantic.com

To receive future BankAtlantic Bancorp news releases or announcements directly via Email, please click on the Email Broadcast Sign Up button on our website: www.BankAtlanticBancorp.com.

BankAtlantic Bancorp Contact Info:
Leo Hinkley, Investor and Media Relations Officer
Telephone: (954) 940-5300
Email: InvestorRelations@BankAtlanticBancorp.com

BankAtlantic, “Florida’s Most Convenient Bank,” Contact Info:
Media Relations:
Sharon Lyn, Vice President
Telephone: 954-940-6383, Fax: 954-940-5320
Email: CorpComm@BankAtlanticBancorp.com

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Except for historical information contained herein, the matters discussed in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), that involve substantial risks and uncertainties. Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of BankAtlantic Bancorp, Inc. (“the Company”) and are subject to a number of risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Company’s control. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, products and services, including the impact of the changing regulatory environment, a continued or deepening recession, continued decreases in real estate values, and increased unemployment or sustained high unemployment rates on our business generally, our regulatory capital ratios, the ability of our borrowers to service their obligations and of our customers to maintain account balances and the value of collateral securing our loans; credit risks and loan losses, and the related sufficiency of the allowance for loan losses, including the impact on the credit quality of our loans (including those held in the asset workout subsidiary of the Company) of a sustained downturn in the economy and in the real estate market and other changes in the real estate markets in our trade area, and where our collateral is located; the quality of our real estate based loans including our residential land acquisition and development loans (including Builder land bank loans, Land acquisition and development loans and Land acquisition, development and construction loans) as well as Commercial land loans, other Commercial real estate loans, Residential loans and Consumer loans, and conditions specifically in those market sectors; the quality of our Commercial business loans and conditions specifically in that market sector; the risks of additional charge-offs, impairments and required increases in our allowance for loan

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losses especially if the economy and real estate markets in Florida do not improve; changes in interest rates and the effects of, and changes in, trade, monetary and fiscal policies and laws including their impact on the bank’s net interest margin; adverse conditions in the stock market, the public debt market and other financial and credit markets and the impact of such conditions on our activities, the value of our assets and on the ability of our borrowers to service their debt obligations and maintain account balances; BankAtlantic’s initiatives or strategies not resulting in the growth of core deposits, or profitability; we may not be able to sell our Tampa operations on acceptable terms or at all; our expense reduction initiatives may not be successful and additional cost savings may not be achieved; we may seek to raise additional capital and such capital may be highly dilutive to BankAtlantic Bancorp’s shareholders or may not be available; and the risks associated with the impact of periodic valuation testing of goodwill, deferred tax assets and other assets. Past performance, actual or estimated new account openings and balance growth may not be indicative of future results. In addition to the risks and factors identified above, reference is also made to other risks and factors detailed i n reports filed by the Company with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2009. The Company cautions that the foregoing factors are not exclusive. In addition to this, BankAtlantic received the highest numerical score among retail banks in Florida in the proprietary J.D. Power and Associates 2010 Retail Banking Satisfaction Study^SM. Study based on 47,673 total responses measuring 9 providers in Florida and measures opinions of consumers with their primary banking provider. Proprietary study results are based on experiences and perceptions of consumers surveyed in January 2010. Your experiences may vary. Visit jdpower.com.

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BankAtlantic Bancorp, Inc. and Subsidiaries
Summary of Selected Financial Data (unaudited)

																	For the Six
		For the Three Months Ended															Months Ended
		6/30/2010			3/31/2010			12/31/2009			9/30/2009			6/30/2009			6/30/2010			6/30/2009
Earnings (in thousands):
Net loss from continuing operations		$	(51,250	)		(20,521	)		(52,464	)		(52,089	)		(38,356	)		(71,771	)		(84,967	)
Net loss		$	(51,250	)		(20,521	)		(52,464	)		(52,589	)		(38,356	)		(71,771	)		(80,766	)
Net loss attributable to BankAtlantic Bancorp		$	(51,489	)		(20,729	)		(52,464	)		(52,589	)		(38,356	)		(72,218	)		(80,766	)
Pre-tax core operating earnings — Non-GAAP	(note 1)	$	3,927			11,103			5,379			18,530			12,095			15,030			22,904
Average Common Shares Outstanding (in thousands):
Basic			50,564			49,220			49,220			15,096			15,093			49,896			15,092
Diluted			50,564			49,220			49,220			15,096			15,093			49,896			15,092
Key Performance Ratios
Diluted loss per share from continuing operations	(note 2)	$	(1.02	)		(0.42	)		(1.07	)		(3.45	)		(2.54	)		(1.44	)		(5.63	)
Diluted loss per share	(note 2)	$	(1.02	)		(0.42	)		(1.07	)		(3.48	)		(2.54	)		(1.45	)		(5.35	)
Return on average tangible assets from continuing operations	(note 3)	%	(4.46	)		(1.74	)		(4.30	)		(4.14	)		(2.88	)		(3.08	)		(3.07	)
Return on average tangible equity from continuing operations	(note 3)	%	(193.89	)		(64.56	)		(110.64	)		(132.56	)		(80.39	)		(123.20	)		(81.01	)
Average Balance Sheet Data (in millions):
Assets		$	4,616			4,744			4,894			5,046			5,351			4,680			5,562
Tangible assets — Non-GAAP	(note 3)	$	4,600			4,728			4,878			5,030			5,334			4,664			5,540
Loans, gross		$	3,627			3,799			3,991			4,134			4,302			3,713			4,368
Investments		$	648			604			610			617			730			626			871
Deposits and escrows		$	4,080			4,013			3,988			4,046			4,089			4,047			4,038
Equity		$	118			142			201			166			205			130			227
Tangible equity — Non-GAAP	(note 3)	$	106			127			190			157			191			117			210
Period End ($ in thousands)
Total loans, net		$	3,387,725			3,515,542			3,694,326			3,845,837			4,036,754
Total assets		$	4,655,600			4,748,201			4,815,617			4,941,189			5,261,025
Total equity		$	77,466			119,611			141,571			189,442			166,567
Class A common shares outstanding			52,946,126			48,245,042			48,245,042			48,245,042			10,264,106
Class B common shares outstanding			975,225			975,225			975,225			975,225			975,225
Book value per share		$	1.44			2.43			2.88			3.85			14.82
Tangible book value per share — Non-GAAP	(note 4)	$	1.20			2.20			2.59			3.64			13.85
High stock price for the quarter		$	3.28			3.24			2.96			6.68			4.75
Low stock price for the quarter		$	1.35			1.14			1.20			2.60			1.99
Closing stock price		$	1.40			1.77			1.30			2.90			3.86

Notes:

(1)	Pre-tax core operating earnings excludes provision for loan losses, cost associated with debt redemption, provision for tax certificates, FDIC special assessment, gains/losses on sales of real estate and impairments, restructuring and exit activities. Pre-tax core operating earnings is a non-GAAP measure. See page 7 for a reconciliation of non-GAAP measures to GAAP financial measures.
(2)	Diluted and basic loss per share are the same for all periods presented.
(3)	Average tangible assets is defined as average total assets less average goodwill and core deposit intangibles. Average tangible equity is defined as average total equity less average goodwill, core deposit intangibles and other comprehensive income. Average tangible assets and average tangible equity are non-GAAP measures. See page 7 for a reconciliation of non-GAAP measures to GAAP financial measures.
(4)	Tangible book value per share is defined as equity less goodwill and core deposit intangibles divided by the number of common shares outstanding. Tangible book value per share is a non-GAAP measure. See page 7 for a reconciliation of non-GAAP measures to GAAP financial measures.

2

BankAtlantic Bancorp, Inc. and Subsidiaries
Consolidated Statements of Financial Condition (unaudited)

	June 30,			December 31,
(in thousands)	2010			2009
ASSETS
Cash and due from depository institutions	$	103,920			108,946
Interest bearing deposits at federal reserve and other banks		350,825			125,851
Securities available for sale and derivatives (at fair value)		275,711			320,327
Investment securities (approximate fair value: $1,500 and $1,500)		1,500			1,500
Tax certificates, net of allowance of $8,175 and $6,781		139,731			110,991
Loans receivable, net of allowance for loan losses of $187,862 and $187,218		3,387,725			3,694,326
Federal Home Loan Bank stock, at cost which approximates fair value		48,751			48,751
Real estate held for development and sale		6,528			13,694
Real estate owned		55,412			46,477
Office properties and equipment, net		194,514			201,686
Goodwill and other intangible assets		15,186			15,817
Other assets		75,797			127,251
Total assets	$	4,655,600			4,815,617
LIABILITIES AND EQUITY
Liabilities:
Deposits
Demand	$	902,481			827,580
Savings		442,142			412,360
NOW		1,496,369			1,409,138
Money market		397,313			360,043
Certificates of deposit		749,948			960,559
Total deposits		3,988,253			3,969,680
Advances from FHLB		115,000			282,012
Securities sold under agreements to repurchase		24,724			24,468
Federal funds purchased and other short term borrowings		2,071			2,803
Subordinated debentures, bonds and notes payable		29,954			22,697
Junior subordinated debentures		315,160			308,334
Other liabilities		102,972			64,052
Total liabilities		4,578,134			4,674,046
Equity:
Common stock		556			493
Additional paid-in capital		304,466			296,438
Accumulated deficit		(225,652	)		(153,434	)
Accumulated other comprehensive loss		(2,320	)		(1,926	)
Total BankAtlantic Bancorp stockholders’ equity		77,050			141,571
Noncontrolling interests		416			—
Total equity		77,466			141,571
Total liabilities and equity	$	4,655,600			4,815,617

3

BankAtlantic Bancorp, Inc. and Subsidiaries
Consolidated Statements of Operations (unaudited)

																For the Six
	For the Three Months Ended															Months Ended
(in thousands)	6/30/2010			3/31/2010			12/31/2009			9/30/2009			6/30/2009			6/30/2010			6/30/2009
INTEREST INCOME:
Interest and fees on loans	$	39,898			41,634			43,056			45,028			47,747			81,532			97,425
Interest on securities available for sale		2,714			3,645			3,889			4,766			6,328			6,359			14,887
Interest on tax certificates		514			2,356			2,975			3,793			3,061			2,870			7,254
Interest and dividends on investments		223			153			136			161			44			376			223
Total interest income		43,349			47,788			50,056			53,748			57,180			91,137			119,789
INTEREST EXPENSE:
Interest on deposits		6,021			7,057			7,950			9,420			11,527			13,078			24,514
Interest on advances from FHLB		1			958			1,783			2,494			5,082			959			12,246
Interest on short-term borrowed funds		7			8			9			9			19			15			191
Interest on long-term debt		3,891			3,791			3,824			3,973			4,280			7,682			8,818
Total interest expense		9,920			11,814			13,566			15,896			20,908			21,734			45,769
NET INTEREST INCOME		33,429			35,974			36,490			37,852			36,272			69,403			74,020
Provision for loan losses		48,553			30,755			81,301			63,586			43,494			79,308			87,771
NET INTEREST INCOME AFTER PROVISION		(15,124	)		5,219			(44,811	)		(25,734	)		(7,222	)		(9,905	)		(13,751	)
NON-INTEREST INCOME:
Service charges on deposits		15,502			15,048			17,940			19,767			19,347			30,550			38,032
Other service charges and fees		7,739			7,378			7,103			7,355			8,059			15,117			15,084
Securities activities, net		312			3,138			1,273			4,774			693			3,450			5,133
Other		2,970			2,900			3,267			3,711			3,423			5,870			6,382
Total non-interest income		26,523			28,464			29,583			35,607			31,522			54,987			64,631
NON-INTEREST EXPENSE:
Employee compensation and benefits		25,155			25,378			28,628			24,876			25,935			50,533			54,741
Occupancy and equipment		13,745			13,582			14,270			14,553			14,842			27,327			29,753
Advertising and business promotion		2,239			1,944			2,286			1,549			1,979			4,183			4,811
Professional fees		4,824			2,887			5,138			3,470			2,695			7,711			6,021
Check losses		521			432			1,207			1,146			991			953			1,835
Supplies and postage		921			998			1,135			1,035			999			1,919			2,003
Telecommunication		662			534			844			353			586			1,196			1,284
Cost associated with debt redemption		53			7			—			5,431			1,441			60			2,032
Provision for tax certificates		2,134			733			686			(198	)		1,414			2,867			2,900
Loss (gain) on sale of real estate		1,490			(104	)		(122	)		67			(143	)		1,386			(287	)
Impairment, restructuring and exit activities		2,947			143			7,700			1,730			1,817			3,090			13,027
FDIC special assessment		—			—			—			—			2,428			—			2,428
Other		7,958			7,580			7,186			7,947			7,672			15,538			15,299
Total non-interest expense		62,649			54,114			68,958			61,959			62,656			116,763			135,847
Loss from continuing operations before income taxes		(51,250	)		(20,431	)		(84,186	)		(52,086	)		(38,356	)		(71,681	)		(84,967	)
Provision (benefit) for income taxes		—			90			(31,722	)		3			—			90			—
Loss from continuing operations		(51,250	)		(20,521	)		(52,464	)		(52,089	)		(38,356	)		(71,771	)		(84,967	)
Discontinued operations		—			—			—			(500	)		—			—			4,201
Net loss		(51,250	)		(20,521	)		(52,464	)		(52,589	)		(38,356	)		(71,771	)		(80,766	)
Less: net income attributable to noncontrolling interest		(239	)		(208	)		—			—			—			(447	)		—
Net loss attributable to BankAtlantic Bancorp	$	(51,489	)		(20,729	)		(52,464	)		(52,589	)		(38,356	)		(72,218	)		(80,766	)

4

BankAtlantic Bancorp, Inc. and Subsidiaries
Consolidated Average Balance Sheet (unaudited)

		For the Three Months Ended
(in thousands except percentages and per share data)		6/30/2010			3/31/2010			12/31/2009			9/30/2009			6/30/2009
Loans:
Residential real estate		$	1,433,322			1,513,302			1,600,027			1,698,715			1,821,553
Commercial real estate			1,079,760			1,148,435			1,228,250			1,262,163			1,291,536
Consumer			670,173			688,173			700,254			717,473			730,988
Commercial business			135,689			139,843			150,467			140,621			141,254
Small business			308,254			309,549			312,485			314,672			316,287
Total Loans			3,627,198			3,799,302			3,991,483			4,133,644			4,301,618
Investments			648,462			603,874			609,946			616,665			729,812
Total interest earning assets			4,275,660			4,403,176			4,601,429			4,750,309			5,031,430
Goodwill and core deposit intangibles			15,353			15,652			15,973			16,297			16,618
Other non-interest earning assets			324,727			324,910			276,438			279,588			302,938
Total assets		$	4,615,740			4,743,738			4,893,840			5,046,194			5,350,986
Tangible assets — Non-GAAP	(note 3)	$	4,600,387			4,728,086			4,877,867			5,029,897			5,334,368
Deposits:
Demand deposits		$	916,131			864,413			844,052			808,817			810,006
Savings			445,686			425,235			421,032			431,516			451,122
NOW			1,525,475			1,467,103			1,312,073			1,237,459			1,159,531
Money market			386,712			360,470			372,081			392,344			412,065
Certificates of deposit			805,656			896,074			1,038,920			1,175,821			1,256,299
Total deposits			4,079,660			4,013,295			3,988,158			4,045,957			4,089,023
Short-term borrowed funds			25,528			26,332			30,812			31,905			45,433
FHLB advances			1,264			173,011			282,015			410,628			625,254
Long-term debt			334,507			331,403			328,222			324,729			320,945
Total borrowings			361,299			530,746			641,049			767,262			991,632
Other liabilities			57,152			57,755			63,979			66,855			65,599
Total liabilities			4,498,111			4,601,796			4,693,186			4,880,074			5,146,254
Equity			117,629			141,942			200,654			166,120			204,732
Total liabilities and equity		$	4,615,740			4,743,738			4,893,840			5,046,194			5,350,986
Other comprehensive loss in equity			(3,454	)		(846	)		(4,999	)		(7,356	)		(2,729	)
Tangible equity — Non-GAAP	(note 3)	$	105,730			127,136			189,680			157,179			190,843
Net Interest Margin			3.13	%		3.33	%		3.26	%		3.23	%		2.89	%

5

Consolidated BankAtlantic Bancorp, Inc. and Subsidiaries
Nonperforming Assets and Credit Quality Statistics

(in thousands)	As of
	6/30/2010			3/31/2010			12/31/2009			9/30/2009			6/30/2009
Nonaccrual loans:
BankAtlantic	$	362,126			301,365			286,120			294,865			295,448
Parent- Work out Sub		24,358			35,326			44,897			53,520			64,558
Consolidated nonaccrual loans	$	386,484			336,691			331,017			348,385			360,006
Net Charge-offs:
BankAtlantic	$	(32,547	)		(36,074	)		(74,910	)		(43,092	)		(25,773	)
Parent- Work out Sub		(5,741	)		(4,302	)		(3,836	)		(8,051	)		(3,898	)
Consolidated charge-offs	$	(38,288	)		(40,376	)		(78,746	)		(51,143	)		(29,671	)
Loan Provision:
BankAtlantic	$	43,634			32,034			82,523			52,246			35,955
Parent- Work out Sub		4,919			(1,279	)		(1,222	)		11,340			7,539
Consolidated loan provision	$	48,553			30,755			81,301			63,586			43,494
Allowance for Loan Loss:
BankAtlantic	$	180,635			169,548			173,588			165,975			156,821
Parent- Work out Sub		7,227			8,049			13,630			18,688			15,399
Consolidated allowance for loan loss	$	187,862			177,597			187,218			184,663			172,220
Nonperforming Assets:
BankAtlantic	$	410,542			343,693			324,226			328,685			328,775
Parent- Work out Sub		34,103			45,858			55,429			59,787			68,640
Consolidated nonperforming assets	$	444,645			389,551			379,655			388,472			397,415
Consolidated Credit Quality Statistics
Allowance for loan losses to total loans	%	5.25			4.81			4.82			4.58			4.09
Allowance to nonaccrual loans	%	48.61			52.75			56.56			53.01			47.84
Provision to average loans	%	5.35			3.24			8.15			6.15			4.04
Nonperforming loans, gross to total assets	%	8.30			7.09			6.87			7.05			6.84
Nonperforming assets, gross to total assets	%	9.55			8.20			7.88			7.86			7.55

6

BankAtlantic Bancorp, Inc. and Subsidiaries
Reconciliation of GAAP Financial Measures to Non-GAAP Measures

Management uses non-GAAP financial measures to supplement its GAAP financial information and to provide additional useful measures in the evaluation of the Company’s operating results and any related trends that may be affecting the Company’s business. Management uses pre-tax core operating earnings to measure the Company’s ongoing financial performance excluding items that are not currently controllable by management. Management uses book value per share and tangible book value per share to enable investors to compare these measures to the quoted market price of the Company’s Class A common stock and to other companies in the industry. The return on average tangible equity and average tangible assets is used by management to measure the Company’s effectiveness in its use of capital and assets, respectively, and to allow for comparison to other companies in the industry. These disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.

Reconciliation of loss from continuing operations before income taxes to pre-tax core operating earnings

																For the Six
	For the Three Months Ended															Months Ended
(in thousands)	6/30/2010			3/31/2010			12/31/2009			9/30/2009			6/30/2009			6/30/2010			6/30/2009
Loss from continuing operations before income taxes	$	(51,250	)		(20,431	)		(84,186	)		(52,086	)		(38,356	)		(71,681	)		(84,967	)
Costs associated with debt redemption		53			7			—			5,431			1,441			60			2,032
Provision for tax certificates		2,134			733			686			(198	)		1,414			2,867			2,900
Loss (gain) on sale of real estate		1,490			(104	)		(122	)		67			(143	)		1,386			(287	)
Impairment, restructuring and exit activities		2,947			143			7,700			1,730			1,817			3,090			13,027
FDIC special assessment		—			—			—			—			2,428			—			2,428
Provision for loan losses		48,553			30,755			81,301			63,586			43,494			79,308			87,771
Non-GAAP pre-tax core operating earnings	$	3,927			11,103			5,379			18,530			12,095			15,030			22,904

Reconciliation of equity to tangible book value per share

	For the Three Months Ended
(in thousands)	6/30/2010			3/31/2010			12/31/2009			9/30/2009			6/30/2009
Equity	$	77,466			119,611			141,571			189,442			166,567
Goodwill and core deposit intangibles		(15,186	)		(15,494	)		(15,817	)		(16,139	)		(16,461	)
Other comprehensive loss		2,320			4,141			1,926			5,836			5,540
Tangible book value	$	64,600			108,258			127,680			179,139			155,646
Common shares outstanding, period end		53,921,351			49,220,267			49,220,267			49,220,267			11,239,331
Book value per share	$	1.44			2.43			2.88			3.85			14.82
Tangible book value per share — Non-GAAP	$	1.20			2.20			2.59			3.64			13.85

Reconciliation of return on average assets and average equity to return on
average tangible assets and average tangible equity

																For the Six
	For the Three Months Ended															Months Ended
(in thousands)	6/30/2010			3/31/2010			12/31/2009			9/30/2009			6/30/2009			6/30/2010			6/30/2009
Net loss from continuing operations	$	(51,250	)		(20,521	)		(52,464	)		(52,089	)		(38,356	)		(71,771	)		(84,967	)
Average total assets		4,615,740			4,743,738			4,893,840			5,046,194			5,350,986			4,679,522			5,561,575
Average goodwill and core deposit intangibles		(15,353	)		(15,652	)		(15,973	)		(16,297	)		(16,618	)		(15,501	)		(21,269	)
Average tangible assets		4,600,387			4,728,086			4,877,867			5,029,897			5,334,368			4,664,021			5,540,306
Average equity		117,629			141,942			200,654			166,120			204,732			129,859			227,001
Average goodwill and core deposit intangibles		(15,353	)		(15,652	)		(15,973	)		(16,297	)		(16,618	)		(15,501	)		(21,269	)
Other comprehensive loss		3,454			846			4,999			7,356			2,729			2,157			4,031
Average tangible equity	$	105,730			127,136			189,680			157,179			190,843			116,515			209,763
Return on average assets from continuing operations		-4.44	%		-1.73	%		-4.29	%		-4.13	%		-2.87	%		-1.53	%		-1.53	%
Return on average tangible assets from continuing operations — Non-GAAP		-4.46	%		-1.74	%		-4.30	%		-4.14	%		-2.88	%		-1.54	%		-1.53	%
Return on average equity from continuing operations		-174.28	%		-57.83	%		-104.59	%		-125.42	%		-74.94	%		-55.27	%		-37.43	%
Return on average tangible equity from continuing operations — Non-GAAP		-193.89	%		-64.56	%		-110.64	%		-132.56	%		-80.39	%		-61.60	%		-40.51	%

7

BankAtlantic (Bank Operations Business Segment)
Summary of Selected Financial Data (unaudited)

																For the Six
(in thousands except percentages)	For the Three Months Ended															Months Ended
	6/30/2010			3/31/2010			12/31/2009			9/30/2009			6/30/2009			6/30/2010			6/30/2009
Statistics:
Average interest earning assets	$	4,240,545			4,193,544			4,432,275			4,640,967			4,929,849			4,297,659			5,155,539
Average interest bearing liabilities	$	3,220,458			3,383,776			3,494,040			3,717,691			3,992,654			3,301,666			4,202,381
Period end borrowings to deposits and borrowings	%	4.13			4.84			8.00			9.52			14.12			4.13			14.12
Efficiency ratio	%	94.05			77.86			96.82			77.99			83.83			85.68			90.03
Yield on interest earning assets	%	4.08			4.51			4.51			4.63			4.62			4.23			4.63
Cost of interest-bearing liabilities	%	0.78			0.99			1.13			1.30			1.70			0.89			1.80
Interest spread	%	3.30			3.52			3.38			3.33			2.92			3.35			2.83
Net interest margin	%	3.49			3.71			3.62			3.59			3.24			3.55			3.16
Non-GAAP Measures (Note 1)
Average tangible assets	$	4,544,611			4,668,854			4,819,572			4,959,000			5,254,284			4,606,253			5,450,188
Average tangible equity	$	356,572			367,220			425,344			376,006			391,404			361,726			396,505
Pre-tax core operating earnings	$	9,078			15,774			10,428			23,975			18,734			24,852			34,808
Core operating efficiency ratio	%	85.65			76.71			84.70			68.85			74.29			81.03			76.40
Return on average tangible assets	%	(3.51	)		(1.47	)		(4.04	)		(2.85	)		(1.84	)		(2.47	)		(2.38	)
Return on average tangible equity	%	(44.73	)		(18.66	)		(45.74	)		(37.56	)		(24.71	)		(31.52	)		(32.67	)
Tangible capital to tangible assets	%	7.29			7.55			7.66			8.37			7.09
Earning assets repricing at period end:
Percent of earning assets that have fixed rates	%	47			48			48			49			51
Percent of earning assets that have variable rates	%	53			52			52			51			49
Regulatory capital ratios and statistics at period end
Total risk-based capital	%	12.86			12.86			12.56			13.51			11.81
Tier I risk-based capital	%	10.87			10.90			10.63			11.60			9.93
Core capital	%	7.36			7.51			7.58			8.31			7.01
Risk-weighted assets		3,104,341			3,206,075			3,364,662			3,470,256			3,636,582
Adjusted total assets		4,584,519			4,656,270			4,720,917			4,843,459			5,148,806

Note 1

     See page 15 for a reconciliation of non-GAAP measures to GAAP financial measures.

8

BankAtlantic (Bank Operations Business Segment)
Condensed Statements of Operations (unaudited)

																For the Six
	For the Three Months Ended															Months Ended
(in thousands)	6/30/2010			3/31/2010			12/31/2009			9/30/2009			6/30/2009			6/30/2010			6/30/2009
Net interest income	$	37,008			39,459			39,992			41,485			40,078			76,467			81,847
Provision for loan losses		43,634			32,034			82,523			52,246			35,955			75,668			79,475
Net interest income after provision for loan losses		(6,626	)		7,425			(42,531	)		(10,761	)		4,123			799			2,372
Non-interest income
Service charges on deposits		15,502			15,048			17,940			19,767			19,347			30,550			38,032
Other service charges and fees		7,739			7,378			7,103			7,355			8,059			15,117			15,084
Securities activities, net		309			3,132			—			4,774			2,067			3,441			6,387
Other non-interest income		2,721			2,699			3,116			3,596			3,303			5,420			6,138
Total non-interest income		26,271			28,257			28,159			35,492			32,776			54,528			65,641
Non-interest expense
Employee compensation and benefits		24,254			24,374			26,229			23,917			24,985			48,628			53,063
Occupancy and equipment		13,745			13,581			14,269			14,553			14,842			27,326			29,752
Advertising and business promotion		2,121			1,934			2,254			1,514			1,846			4,055			4,627
Professional fees		4,220			2,565			4,542			2,752			2,336			6,785			5,280
Check losses		521			432			1,207			1,146			991			953			1,835
Supplies and postage		895			965			1,106			987			991			1,860			1,991
Telecommunication		655			529			842			348			580			1,184			1,274
Cost associated with debt redemption		53			7			—			5,431			1,441			60			2,032
Provision for tax certificates		2,134			733			686			(198	)		1,414			2,867			2,900
Loss (gain) on sale of real estate		880			(104	)		(122	)		67			(143	)		776			(287	)
Impairment, restructuring and exit activities		2,247			143			7,700			1,730			1,817			2,390			13,027
FDIC special assessment		—			—			—			—			2,428			—			2,428
Other		7,790			7,562			7,274			7,785			7,549			15,352			14,858
Total non-interest expense		59,515			52,721			65,987			60,032			61,077			112,236			132,780
Loss from bank operations business segment before income taxes		(39,870	)		(17,039	)		(80,359	)		(35,301	)		(24,178	)		(56,909	)		(64,767	)
Provision (benefit) for income taxes		—			90			(31,722	)		3			—			90			—
Net loss from bank operations business segment		(39,870	)		(17,129	)		(48,637	)		(35,304	)		(24,178	)		(56,999	)		(64,767	)
Less: net income attributable to noncontrolling interest		(239	)		(208	)		—			—			—			(447	)		—
Net loss attributable to BankAtlantic	$	(40,109	)		(17,337	)		(48,637	)		(35,304	)		(24,178	)		(57,446	)		(64,767	)

9

BankAtlantic (Bank Operations Business Segment)
Condensed Statements of Financial Condition (unaudited)

	As of
(in thousands)	6/30/2010		3/31/2010		12/31/2009		9/30/2009		6/30/2009
ASSETS
Loans receivable, net	$	3,367,633		3,485,228		3,659,943		3,807,800		3,984,305
Investment securities and FHLB Stock		189,120		137,189		159,742		187,152		227,861
Available for sale securities		275,065		243,779		320,322		355,340		431,762
Goodwill		13,081		13,081		13,081		13,081		13,081
Core deposit intangible asset		2,105		2,413		2,736		3,058		3,380
Other assets		764,278		806,311		599,298		515,954		529,322
Total assets	$	4,611,282		4,688,001		4,755,122		4,882,385		5,189,711
LIABILITIES AND EQUITY
Deposits
Demand	$	902,486		900,984		827,580		809,749		802,446
Savings		442,142		443,288		412,360		425,508		438,127
NOW		1,496,369		1,501,274		1,409,138		1,238,542		1,187,742
Money market		397,313		361,877		360,043		372,442		395,903
Certificates of deposit		749,948		840,017		960,559		1,113,238		1,230,829
Total deposits		3,988,258		4,047,440		3,969,680		3,959,479		4,055,047
Advances from Federal Home Loan Bank		115,000		152,008		282,012		342,016		597,020
Short term borrowings		34,685		31,797		40,657		51,825		47,039
Long term debt		22,000		22,000		22,697		22,738		22,781
Other liabilities		100,904		66,574		61,175		83,085		84,454
Total liabilities		4,260,847		4,319,819		4,376,221		4,459,143		4,806,341
Equity		350,435		368,182		378,901		423,242		383,370
Total liabilities and equity	$	4,611,282		4,688,001		4,755,122		4,882,385		5,189,711

10

BankAtlantic (Bank Operations Business Segment)
Average Balance Sheet — Yield / Rate Analysis

	For the Three Months Ended
	June 30, 2010							June 30, 2009
(in thousands)	Average		Revenue/		Yield/			Average		Revenue/		Yield/
	Balance		Expense		Rate			Balance		Expense		Rate
Loans:
Residential real estate	$	1,433,322		17,807		4.97	%	$	1,821,553		23,351		5.13	%
Commercial real estate		1,045,831		10,275		3.93			1,218,371		12,095		3.97
Consumer		670,173		4,829		2.88			730,989		5,291		2.90
Commercial business		134,153		2,108		6.29			139,718		1,865		5.34
Small business		308,254		4,820		6.25			316,287		4,983		6.30
Total loans		3,591,733		39,839		4.44			4,226,918		47,585		4.50
Investments		648,812		3,432		2.12			727,869		9,405		5.17
Total interest earning assets		4,240,545		43,271		4.08	%		4,954,787		56,990		4.60	%
Goodwill and core deposit intangibles		15,353							16,618
Other non-interest earning assets		304,066							299,497
Total Assets	$	4,559,964						$	5,270,902
Deposits:
Savings	$	445,686		271		0.24	%	$	451,122		390		0.35	%
NOW		1,525,475		1,786		0.47			1,159,531		1,812		0.63
Money market		386,712		630		0.65			412,065		674		0.66
Certificates of deposit		805,656		3,334		1.66			1,256,299		8,651		2.76
Total interest bearing deposits		3,163,529		6,021		0.76			3,279,017		11,527		1.41
Short-term borrowed funds		33,665		10		0.12			65,604		27		0.17
Advances from FHLB		1,264		1		0.32			625,254		5,082		3.26
Long-term debt		22,000		231		4.21			22,779		276		4.86
Total interest bearing liabilities		3,220,458		6,263		0.78			3,992,654		16,912		1.70
Demand deposits		916,105							810,031
Non-interest bearing other liabilities		54,929							62,835
Total Liabilities		4,191,492							4,865,520
Equity		368,472							405,382
Total liabilities and equity	$	4,559,964						$	5,270,902
Net interest income/ net interest spread			$	37,008		3.30	%			$	40,078		2.90	%
Margin
Interest income/interest earning assets						4.08	%						4.60	%
Interest expense/interest earning assets						0.59							1.37
Net interest margin						3.49	%						3.23	%

11

BankAtlantic (Bank Operations Business Segment)
Average Balance Sheet — Yield / Rate Analysis

	For the Six Months Ended
	June 30, 2010							June 30, 2009
(in thousands)	Average		Revenue/		Yield/			Average		Revenue/		Yield/
	Balance		Expense		Rate			Balance		Expense		Rate
Loans:
Residential real estate	$	1,473,091		36,708		4.98	%	$	1,868,808		48,415		5.18	%
Commercial real estate		1,074,047		21,118		3.93			1,223,010		24,236		3.96
Consumer		679,123		9,729		2.87			737,643		10,702		2.90
Commercial business		136,219		4,199		6.17			142,428		3,822		5.37
Small business		308,898		9,663		6.26			319,123		10,016		6.28
Total loans		3,671,378		81,417		4.44			4,291,012		97,191		4.53
Investments		626,281		9,569		3.06			864,527		22,208		5.14
Total interest earning assets		4,297,659		90,986		4.23	%		5,155,539		119,399		4.63	%
Goodwill and core deposit intangibles		15,501							21,269
Other non-interest earning assets		308,594							294,649
Total Assets	$	4,621,754						$	5,471,457
Deposits:
Savings	$	435,517		604		0.28	%	$	446,227		890		0.40	%
NOW		1,496,450		4,004		0.54			1,103,634		3,226		0.59
Money market		373,664		1,259		0.68			416,947		1,447		0.70
Certificates of deposit		850,615		7,211		1.71			1,278,057		18,951		2.99
Total deposits		3,156,246		13,078		0.84			3,244,865		24,514		1.52
Short-term borrowed funds		36,505		23		0.13			171,319		208		0.24
Advances from FHLB		86,663		959		2.23			763,398		12,246		3.23
Long-term debt		22,252		459		4.16			22,799		584		5.17
Total interest bearing liabilities		3,301,666		14,519		0.89			4,202,381		37,552		1.80
Demand deposits		890,391							793,098
Non-interest bearing other liabilities		54,626							62,184
Total Liabilities		4,246,683							5,057,663
Stockholder’s equity		375,071							413,794
Total liabilities and stockholder’s equity	$	4,621,754						$	5,471,457
Net interest income/net interest spread			$	76,467		3.35	%			$	81,847		2.83	%
Margin
Interest income/interest earning assets						4.23	%						4.63	%
Interest expense/interest earning assets						0.68							1.47
Net interest margin						3.55	%						3.16	%

12

BankAtlantic (Bank Operations Business Segment)
Allowance for Loan Loss and Credit Quality

																For the Six
	For the Three Months Ended															Months Ended
(in thousands)	6/30/2010			3/31/2010			12/31/2009			9/30/2009			6/30/2009			6/30/2010			6/30/2009
Allowance for Loan Losses
Beginning balance	$	169,548			173,588			165,975			156,821			146,639			173,588			125,572
Charge-offs:
Residential real estate		(5,233	)		(4,181	)		(7,579	)		(7,174	)		(3,923	)		(9,414	)		(8,511	)
Commercial real estate		(14,146	)		(21,332	)		(58,664	)		(21,541	)		(10,530	)		(35,478	)		(16,095	)
Commercial business		—			—			—			—			(516	)		—			(516	)
Consumer		(11,822	)		(10,771	)		(8,307	)		(12,490	)		(9,118	)		(22,593	)		(19,439	)
Small business		(2,225	)		(837	)		(1,738	)		(2,249	)		(2,347	)		(3,062	)		(5,118	)
Total charge-offs		(33,426	)		(37,121	)		(76,288	)		(43,454	)		(26,434	)		(70,547	)		(49,679	)
Recoveries:
Residential real estate		435			64			96			133			360			499			683
Commercial real estate		65			62			422			—			—			127			278
Commercial business		1			658			494			—			5			659			6
Consumer		254			194			205			157			130			448			225
Small business		124			69			161			72			166			193			261
Total recoveries		879			1,047			1,378			362			661			1,926			1,453
Net charge-offs		(32,547	)		(36,074	)		(74,910	)		(43,092	)		(25,773	)		(68,621	)		(48,226	)
Provision for loan losses		43,634			32,034			82,523			52,246			35,955			75,668			79,475
Ending balance	$	180,635			169,548			173,588			165,975			156,821			180,635			156,821

	As of
	6/30/2010		3/31/2010		12/31/2009		9/30/2009		6/30/2009
Credit Quality
Nonaccrual loans
Commercial real estate	$	230,007		168,937		167,867		189,720		204,104
Consumer		13,818		14,428		14,451		11,336		11,821
Small business		12,248		10,971		9,338		9,693		8,916
Residential real estate		83,894		88,262		76,401		76,022		64,720
Commercial business		22,159		18,767		18,063		8,094		5,887
Total Nonaccrual loans		362,126		301,365		286,120		294,865		295,448
Nonaccrual tax certificates		2,836		1,495		2,161		3,011		3,091
Real estate owned		45,580		40,833		35,935		30,796		30,213
Other repossessed assets		—		—		10		13		23
Total nonperforming assets	$	410,542		343,693		324,226		328,685		328,775
Allowance for loan losses to total loans	%	5.09		4.64		4.53		4.18		3.79
Allowance to nonaccrual loans	%	49.88		56.26		60.67		56.29		53.08
Provision to average loans	%	4.86		3.42		8.39		5.14		3.40
Annualized net charge-offs to average loans	%	3.62		3.85		7.61		4.24		2.44
Nonperforming loans to total assets	%	7.85		6.43		6.02		6.04		5.69
Nonperforming assets to total assets	%	8.90		7.33		6.82		6.73		6.34

13

BankAtlantic (Bank Operations Business Segment)
Delinquencies, Excluding Non-Accrual Loans, at Period-End

($ in thousands)	6/30/2010		3/31/2010		12/31/2009		9/30/2009		6/30/2009
Commercial real estate	$	7,537		40,642		25,489		12,500		8,592
Consumer		13,181		14,858		15,173		13,678		9,914
Small business		4,182		3,891		2,714		3,900		3,529
Residential real estate		18,472		26,893		26,710		24,877		24,441
Commercial business		—		1,129		2,820		4,863		—
Total BankAtlantic	$	43,372		87,413		72,906		59,818		46,476

	6/30/2010			3/31/2010			12/31/2009			9/30/2009			6/30/2009
Commercial real estate	%	0.72	*		3.85	*		2.28	*		1.07	*		0.72	*
Consumer	%	2.04			2.23			2.23			1.97			1.40
Small business	%	1.35			1.26			0.87			1.25			1.12
Residential real estate	%	1.32	**		1.83	**		1.72	**		1.52	**		1.39	**
Commercial business	%	—			0.84			1.80			3.27			—
Total BankAtlantic	%	1.23			2.40			1.91	*		1.51			1.13	*

*

Excludes $1.2 million, $0, $8.7 million, $0 and $14.3 million of Commercial Real Estate loans at June 30, 2010, March 31, 2010, December 31,2009, September 30, 2009 and June 30, 2009, respectively, which had matured and had been approved for renewal or forbearance but were not fully documented at period end. Including these loans, Commercial Real Estate delinquencies were .83%, 3.07 and 1.90% total BankAtlantic delinquencies would have been 1.26%, 2.14% and 1.50% at June 30, 2010, December 31, 2009 and June 30, 2009, respectively.

**

Includes $1.3 billion, $1.4 billion, $1.5 billion, $1.6 billion and $1.7 billion of purchased residential loans with delinquencies excluding non-accrual loans of 1.09%, 1.63%, 1.59%, 1.44% and 1.38% as of June 30, 2010, March 31, 2010, December 31, 2009, September 30, 2009 and June 30, 2009, respectively.

BankAtlantic (Bank Operations Business Segment)
Loan Provision & Allowance for Loan Losses

				Allowance		% of Reserves
	2Q 2010			for Loan		to Total
($ in thousands)	Loan Provision			Losses		Loans
Commercial real estate	$	26,539			98,544		9.42	%
Consumer		12,708			41,058		6.37
Small business		4,529			8,993		2.91
Residential real estate		(2,156	)		22,628		1.62
Commercial business		2,014			9,412		7.27
Total BankAtlantic	$	43,634			180,635		5.09	%

14

BankAtlantic (Bank Operations Business Segment)
Reconciliation of GAAP Financial Measures to Non-GAAP Measures

Management uses non-GAAP financial measures to supplement its GAAP financial information and to provide additional useful measures in the evaluation of BankAtlantic’s operating results and any related trends that may be affecting BankAtlantic’s business. Management uses pre-tax core operating earnings to measure BankAtlantic’s ongoing financial performance excluding items that are not currently controllable by management. Management uses core expenses to measure expense reduction trends excluding items that are not currently controllable by management. The core operating efficiency ratio is used by management to measure the costs expended to generate a dollar of revenues excluding items that are not currently controllable by management. The return on average tangible equity and average tangible assets is used by management to measure BankAtlantic’s effectiveness in its use of capital and assets, respectively, and to allow for comparison to other companies in the industry. The tangible equity to tangible asset ratio is used by management to evaluate capital adequacy trends and to allow for comparison to other companies in the industry. Management uses the core deposit measure to assess trends relating to its lower cost deposit categories, which management believes may generally be more indicative of relationship deposits. These disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.

Reconciliation of loss from bank operations business segment before income taxes to pre-tax core operating earnings

																For the Six
	For the Three Months Ended															Months Ended
(in thousands)	6/30/2010			3/31/2010			12/31/2009			9/30/2009			6/30/2009			6/30/2010			6/30/2009
Loss from bank operations business segment before income taxes	$	(39,870	)		(17,039	)		(80,359	)		(35,301	)		(24,178	)		(56,909	)		(64,767	)
Costs associated with debt redemption		53			7			—			5,431			1,441			60			2,032
Provision for tax certificates		2,134			733			686			(198	)		1,414			2,867			2,900
Loss (gain) on sale of real estate		880			(104	)		(122	)		67			(143	)		776			(287	)
Impairment, restructuring and exit activities		2,247			143			7,700			1,730			1,817			2,390			13,027
FDIC special assessment		—			—			—			—			2,428			—			2,428
Provision for loan losses		43,634			32,034			82,523			52,246			35,955			75,668			79,475
Non-GAAP pre-tax core operating earnings	$	9,078			15,774			10,428			23,975			18,734			24,852			34,808

Reconciliation of non-interest expense to core expenses and calculation of core operating efficiency ratio

																For the Six
	For the Three Months Ended															Months Ended
($ in thousands)	6/30/2010			3/31/2010			12/31/2009			9/30/2009			6/30/2009			6/30/2010			6/30/2009
Non-interest expense	$	59,515			52,721			65,987			60,032			61,077			112,236			132,780
Costs associated with debt redemption		(53	)		(7	)		—			(5,431	)		(1,441	)		(60	)		(2,032	)
Provision for tax certificates		(2,134	)		(733	)		(686	)		198			(1,414	)		(2,867	)		(2,900	)
Loss (gain) on sale of real estate		(880	)		104			122			(67	)		143			(776	)		287
Impairment, restructuring and exit activities		(2,247	)		(143	)		(7,700	)		(1,730	)		(1,817	)		(2,390	)		(13,027	)
FDIC special assessment		—			—			—			—			(2,428	)		—			(2,428	)
Core expenses	$	54,201			51,942			57,723			53,002			54,120			106,143			112,680
Net interest income		37,008			39,459			39,992			41,485			40,078			76,467			81,847
Non-interest income		26,271			28,257			28,159			35,492			32,776			54,528			65,641
Total revenues	$	63,279			67,716			68,151			76,977			72,854			130,995			147,488
Non-GAAP core operating efficiency ratio		85.65	%		76.71	%		84.70	%		68.85	%		74.29	%		81.03	%		76.40	%

Reconciliation of return on average assets and average equity to return on average tangible assets and
average tangible equity

																For the Six
	For the Three Months Ended															Months Ended
($ in thousands)	6/30/2010			3/31/2010			12/31/2009			9/30/2009			6/30/2009			6/30/2010			6/30/2009
Net loss from bank operations business segment	$	(39,870	)		(17,129	)		(48,637	)		(35,304	)		(24,178	)		(56,999	)		(64,767	)
Average total assets		4,559,964			4,684,506			4,835,545			4,975,297			5,270,902			4,621,754			5,471,457
Average goodwill and core deposit intangibles		(15,353	)		(15,652	)		(15,973	)		(16,297	)		(16,618	)		(15,501	)		(21,269	)
Average tangible assets		4,544,611			4,668,854			4,819,572			4,959,000			5,254,284			4,606,253			5,450,188
Average equity		368,472			382,027			436,322			384,934			405,382			375,071			413,794
Average goodwill and core deposit intangibles		(15,353	)		(15,652	)		(15,973	)		(16,297	)		(16,618	)		(15,501	)		(21,269	)
Other comprehensive loss		3,453			845			4,995			7,369			2,640			2,156			3,980
Average tangible equity	$	356,572			367,220			425,344			376,006			391,404			361,726			396,505
Return on average assets from continuing operations		-3.50	%		-1.46	%		-4.02	%		-2.84	%		-1.83	%		-2.47	%		-2.37	%
Return on average tangible assets from continuing operations — Non-GAAP		-3.51	%		-1.47	%		-4.04	%		-2.85	%		-1.84	%		-2.47	%		-2.38	%
Return on average equity from continuing operations		-43.28	%		-17.93	%		-44.59	%		-36.69	%		-23.86	%		-30.39	%		-31.30	%
Return on average tangible equity from continuing operations — Non-GAAP		-44.73	%		-18.66	%		-45.74	%		-37.56	%		-24.71	%		-31.52	%		-32.67	%

Reconciliation of equity to total tangible capital; Total assets to total tangible assets; The calculation of tangible capital to tangible assets

	For the Three Months Ended
($ in thousands)	6/30/2010			3/31/2010			12/31/2009			9/30/2009			6/30/2009
Equity	$	350,435			368,182			378,901			423,242			383,370
Goodwill and core deposit intangibles		(15,186	)		(15,494	)		(15,817	)		(16,139	)		(16,461	)
Total tangible capital		335,249			352,688			363,084			407,103			366,909
Total assets		4,611,282			4,688,001			4,755,122			4,882,385			5,189,711
Goodwill and core deposit intangibles		(15,186	)		(15,494	)		(15,817	)		(16,139	)		(16,461	)
Total tangible assets	$	4,596,096		$	4,672,507		$	4,739,305		$	4,866,246		$	5,173,250
Non-GAAP tangible capital to tangible assets		7.29	%		7.55	%		7.66	%		8.37	%		7.09	%

Reconciliation of total deposits to core deposits

	For the Three Months Ended
(in thousands)	6/30/2010			3/31/2010			12/31/2009			9/30/2009			6/30/2009
Total deposits	$	3,988,258			4,047,440			3,969,680			3,959,479			4,055,047
Money market		(397,313	)		(361,877	)		(360,043	)		(372,442	)		(395,903	)
Certificates of deposit		(749,948	)		(840,017	)		(960,559	)		(1,113,238	)		(1,230,829	)
Core deposits		2,840,997			2,845,546			2,649,078			2,473,799			2,428,315

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Parent Company Business Segment
Condensed Statements of Operations (unaudited)

																For the Six
	For the Three Months Ended															Months Ended
(in thousands)	6/30/2010			3/31/2010			12/31/2009			9/30/2009			6/30/2009			6/30/2010			6/30/2009
Net interest expense	$	(3,579	)		(3,485	)		(3,501	)		(3,633	)		(3,807	)		(7,064	)		(7,828	)
(Recovery)/provision for loan losses		4,919			(1,279	)		(1,222	)		11,340			7,539			3,640			8,296
Net interest income after provision for loan losses		(8,498	)		(2,206	)		(2,279	)		(14,973	)		(11,346	)		(10,704	)		(16,124	)
Non-interest income
Income from unconsolidated subsidiaries		237			189			145			109			115			426			233
Securities activities, net		3			6			1,274			—			(1,375	)		9			(1,255	)
Other		271			263			294			255			287			534			509
Non-interest income		511			458			1,713			364			(973	)		969			(513	)
Non-interest expense
Employee compensation and benefits		901			1,004			2,399			959			950			1,905			1,678
Advertising and business promotion		118			10			31			35			134			128			185
Professional fees		604			322			596			718			359			926			741
Loss on sale of real estate		610			—			—			—			—			610			—
Impairment of real estate owned		700			—			—			—			—			700			—
Other		460			308			235			464			416			768			959
Non-interest expense		3,393			1,644			3,261			2,176			1,859			5,037			3,563
Loss from parent company activities before income taxes		(11,380	)		(3,392	)		(3,827	)		(16,785	)		(14,178	)		(14,772	)		(20,200	)
Provision (benefit) for income taxes		—			—			—			—			—			—			—
Net loss from parent company business segment	$	(11,380	)		(3,392	)		(3,827	)		(16,785	)		(14,178	)		(14,772	)		(20,200	)

Parent Company Business Segment
Condensed Statements of Financial Condition — Unaudited

	As of
(in thousands)	6/30/2010		3/31/2010		12/31/2009		9/30/2009		6/30/2009
ASSETS
Cash	$	8,395		5,135		14,002		16,105		16,122
Securities		1,508		1,506		1,505		2,207		2,250
Investment in subsidiaries		379,776		413,759		423,529		466,671		439,090
Investment in unconsolidated subsidiaries		9,733		9,496		9,307		9,161		9,052
Other assets		2,430		2,329		4,017		2,630		3,019
Total assets	$	401,842		432,225		452,360		496,774		469,533
LIABILITIES AND STOCKHOLDERS’ EQUITY
Subordinated debentures and notes payable	$	315,160		311,707		308,334		304,944		301,353
Other liabilities		9,632		1,288		2,455		2,388		1,613
Total liabilities		324,792		312,995		310,789		307,332		302,966
Stockholders’ equity		77,050		119,230		141,571		189,442		166,567
Total liabilities and stockholders’ equity	$	401,842		432,225		452,360		496,774		469,533

Parent Company Business Segment
Allowance for Loan Loss and Credit Quality

Parent Company and Work-out Subsidiary																For the Six
(in thousands)	For the Three Months Ended															Months Ended
	6/30/2010			3/31/2010			12/31/2009			9/30/2009			6/30/2009			6/30/2010			6/30/2009
Allowance for Loan Losses
Beginning balance	$	8,049			13,630			18,688			15,399			11,758			13,630			11,685
Net charge-offs		(5,741	)		(4,302	)		(3,836	)		(8,051	)		(3,898	)		(10,043	)		(4,582	)
Provision for loan losses		4,919			(1,279	)		(1,222	)		11,340			7,539			3,640			8,296
Ending balance	$	7,227			8,049			13,630			18,688			15,399			7,227			15,399

	As of
	6/30/2010			3/31/2010			12/31/2009			9/30/2009			6/30/2009
Credit Quality
Total Loans — gross	$	27,319			38,363			48,012			56,783			67,910
Nonaccrual loans	$	24,358			35,326			44,897			53,520			64,558
Specific reserves		(7,227	)		(8,049	)		(13,630	)		(18,680	)		(15,367	)
Nonaccrual loans, net	$	17,131			27,277			31,267			34,840			49,191
Real estate owned		9,745			10,532			10,532			6,267			4,082
Total nonperforming assets	$	26,876			37,809			41,799			41,107			53,273

16