Exhibit 99.2

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

													For The
			For The Three Months Ended										Nine Months Ended
(in thousands except share data and ratios)
			9/30/2003		6/30/2003		3/31/2003		12/31/2002		9/30/2002		9/30/2003		9/30/2002
Current Earnings:
	GAAP Net Income	(note 1)	$	18,508		17,209		14,358		18,066		14,473		50,075		32,269
	Operating Net Income	(note 2)	$	19,528		17,526		14,275		18,033		14,877		51,329		40,774
Average Common Shares Outstanding:
	Basic			58,653,188		58,321,020		58,171,621		58,085,481		58,065,396		58,383,707		57,967,925
	Diluted			61,343,946		61,898,924		64,250,488		64,188,382		64,320,448		62,475,859		64,450,194
Key GAAP Performance Ratios:
	Basic earnings per share		$	0.32		0.30		0.25		0.31		0.25		0.86		0.56
	Diluted earnings per share *		$	0.30		0.28		0.23		0.29		0.23		0.80		0.52
	Return on average tangible assets	(note 3)	%	1.35		1.21		1.06		1.32		1.02		1.21		0.81
	Return on average tangible equity	(note 3)	%	17.83		17.38		15.02		19.98		16.96		16.78		12.15
Key Operating Performance Ratios:
	Basic earnings per share		$	0.33		0.30		0.25		0.31		0.26		0.88		0.70
	Diluted earnings per share *		$	0.32		0.29		0.23		0.29		0.24		0.83		0.65
	Operating return on average tangible assets	(note 3)	%	1.42		1.23		1.06		1.32		1.04		1.24		1.03
	Operating return on average tangible equity	(note 3)	%	18.81		17.70		14.93		19.94		17.43		17.20		15.36
* Diluted earnings per share calculation adds back interest expense net of tax on convertible securities, if dilutive			$	—		129		440		440		440		569		1,320
Average Balance Sheet Data:
	Assets		$	5,579,697		5,787,226		5,491,930		5,552,458		5,796,782		5,623,497		5,357,856
	Tangible assets	(note 3)	$	5,490,370		5,696,656		5,399,787		5,459,454		5,701,036		5,532,827		5,284,820
	Loans		$	3,942,124		3,983,528		3,633,446		3,602,605		3,679,371		3,854,041		3,369,365
	Investments		$	901,283		1,087,937		1,131,737		1,207,985		1,392,785		1,039,475		1,364,130
	Deposits and escrows		$	2,951,536		2,925,061		2,851,626		2,970,904		2,988,545		2,909,774		2,813,699
	Stockholders’ equity		$	503,274		480,115		464,712		456,579		441,177		482,764		426,790
	Tangible stockholders’ equity	(note 3)	$	415,294		396,050		382,487		361,681		341,355		397,986		354,005
	Tangible equity to tangible assets		%	7.56		6.95		7.08		6.62		5.99		7.19		6.70

Notes:

(1)	GAAP net income is defined as net income in accordance with generally accepted accounting principles.
(2)	Operating net income is defined as GAAP income from continuing operations adjusted for restructuring charges and write downs, costs associated with debt redemptions, loss on mutual funds associated with the acquired Gruntal deferred compensation plan, acquisition and conversion related charges and impairment of equity securities, net of tax.
(3)	Average tangible assets is defined as average total assets less average goodwill and core deposit intangibles. Average tangible stockholders’ equity is defined as average total stockholders’ equity less average goodwill, core deposit intangibles and other comprehensive income.
**	Operating net income is not prepared in accordance with GAAP and this non-GAAP financial measure should not be construed as being superior to GAAP.

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

(In thousands, except share data)			9/30/2003			12/31/2002			9/30/2002
ASSETS
Cash and due from depository institutions			$	139,096			200,600			167,683
Securities purchased under resell agreements and federal funds				4,212			50,145			147
Investment securities and tax certificates (approximate fair value: $159,762, $212,698 and $418,047)				155,550			212,240			411,488
Loans receivable, net				3,739,638			3,372,630			3,627,406
Securities available for sale (at fair value)				354,101			707,858			639,611
Securities owned (at fair value)				87,837			186,454			178,774
Accrued interest receivable				29,109			33,984			36,603
Real estate held for development and sale				256,920			200,186			202,116
Investments and advances in unconsolidated subsidiaries				102,590			112,596			111,455
Office properties and equipment, net				93,334			92,699			91,807
Federal Home Loan Bank stock, at cost which approximates fair value				56,987			64,943			65,224
Deferred tax asset, net				33,684			35,316			34,449
Goodwill				76,674			78,575			79,005
Core deposit intangible asset				12,424			13,757			14,210
Other assets				54,904			59,028			64,424
		Total assets	$	5,197,060			5,421,011			5,724,402
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Deposits
	Interest free checking		$	594,685			462,718			428,812
	NOW accounts			480,837			399,985			359,386
	Savings accounts			202,355			163,641			155,328
	Insured money fund savings			878,281			775,175			791,211
	Certificate accounts			826,045			1,119,036			1,240,137
Total deposits				2,982,203			2,920,555			2,974,874
Advances from FHLB				956,820			1,297,170			1,307,739
Securities sold under agreements to repurchase				143,230			116,279			286,663
Federal funds purchased				—			—			45,000
Subordinated debentures, notes and bonds payable				146,696			193,816			197,195
Guaranteed preferred beneficial interests in Company’s Junior Subordinated Debentures				263,218			180,375			190,125
Securities sold not yet purchased				15,089			38,003			33,034
Due to clearing agent				6,086			78,791			81,774
Other liabilities				170,049			126,688			150,370
		Total liabilities		4,683,391			4,951,677			5,266,774
Stockholders’ equity:
Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued and outstanding				—			—			—
Class A common stock, $.01 par value, authorized 80,000,000 shares; issued and outstanding 54,064,076, 53,441,847 and 53,428,662 shares				541			534			534
Class B common stock, $.01 par value, authorized 45,000,000 shares; issued and outstanding 4,876,124, 4,876,124 and 4,876,124 shares				49			49			49
Additional paid-in capital				256,782			252,699			252,689
Unearned compensation — restricted stock grants				(1,223	)		(1,209	)		(1,247	)
Retained earnings				258,197			213,692			197,431
Total stockholders’ equity before accumulated other comprehensive income				514,346			465,765			449,456
Accumulated other comprehensive income (loss)				(677	)		3,569			8,172
		Total stockholders’ equity		513,669			469,334			457,628
		Total liabilities and stockholders’ equity	$	5,197,060			5,421,011			5,724,402

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

																				For the
					For The Three Months Ended															Nine Months Ended
(in thousands)					9/30/2003			6/30/2003			3/31/2003			12/31/2002			9/30/2002			9/30/2003			9/30/2002
INTEREST INCOME:
	Interest and fees on loans				$	50,726			54,257			52,996			55,502			59,969			157,979			166,365
	Interest on securities available for sale					4,598			7,686			8,657			8,214			10,322			20,941			34,192
	Interest and dividends on investment and																							—
		trading securities				7,668			7,462			7,510			9,404			11,369			22,640			30,669
			Total interest income			62,992			69,405			69,163			73,120			81,660			201,560			231,226
INTEREST EXPENSE:
	Interest on deposits					7,758			9,758			11,169			14,256			16,089			28,685			48,521
	Interest on advances from FHLB					15,025			15,291			15,316			15,960			15,856			45,632			46,452
	Interest on short-term borrowed funds					558			1,248			819			744			2,305			2,625			5,802
	Interest on long-term debt					6,103			6,438			5,939			7,002			6,841			18,480			17,985
	Capitalized interest on real estate developments					(1,856	)		(1,865	)		(1,914	)		(1,478	)		(1,688	)		(5,635	)		(4,519	)
			Total interest expense			27,588			30,870			31,329			36,484			39,403			89,787			114,241
NET INTEREST INCOME						35,404			38,535			37,834			36,636			42,257			111,773			116,985
Provision for loan losses						(1,076	)		1,490			850			3,291			2,082			1,264			10,786
NET INTEREST INCOME AFTER PROVISION						36,480			37,045			36,984			33,345			40,175			110,509			106,199
NON-INTEREST INCOME:
	Service charges on deposits					10,925			9,605			8,558			9,245			6,684			29,088			17,234
	Other service charges and fees					4,625			6,071			3,918			3,841			3,591			14,614			10,246
	Broker/dealer revenue and other commissions					49,992			50,565			51,665			41,468			42,956			152,222			89,270
	Securities gains (losses)					(336	)		(19	)		384			(27	)		2,483			29			8,605
	Impairment of securities					—			—			—			(342	)		(302	)		—			(18,459	)
	Gain (losses) on sales of loans					10			1			3			2,066			(230	)		14			(226	)
	Income from real estate operations					18,893			22,414			14,857			18,369			8,625			56,164			31,128
	Income (loss) from unconsolidated subsidiaries					3,969			2,668			(112	)		2,167			1,654			6,525			5,334
	Other					3,100			2,729			2,907			3,077			2,137			8,736			6,322
			Total non-interest income			91,178			94,034			82,180			79,864			67,598			267,392			149,454
NON-INTEREST EXPENSES:
	Employee compensation and benefits					60,471			62,123			61,094			51,320			54,277			183,688			129,642
	Occupancy and equipment					10,161			9,615			9,738			10,436			11,101			29,514			28,759
	Amortization of intangible assets					439			439			454			453			453			1,332			907
	Write-down of real estate owned					—			—			755			—			1,400			755			1,464
	Other					25,569			31,189			24,657			24,051			20,944			81,415			58,043
	Restructuring charges and write-downs					—			—			—			—			—			—			1,007
	Acquisition related charges					—			—			—			—			(71	)		—			4,925
	Cost associated with debt redemption					2,040			1,648			—			3,125			—			3,688			—
			Total non-interest expenses			98,680			105,014			96,698			89,385			88,104			300,392			224,747
Income from continuing operations before income taxes						28,978			26,065			22,466			23,824			19,669			77,509			30,906
Provision for income taxes						10,776			9,610			8,191			6,745			5,995			28,577			8,828
Income from continuing operations						18,202			16,455			14,275			17,079			13,674			48,932			22,078
Discontinued operations, net of tax						306			754			83			987			860			1,143			1,549
Extraordinary items, net of tax						—			—			—			—			(61	)		—			23,749
Cumulative accounting change, net of tax						—			—			—			—			—			—			(15,107	)
GAAP net income				(note 1)	$	18,508			17,209			14,358			18,066			14,473			50,075			32,269
Reconciliation of Operating and GAAP Net Income
GAAP income from continuing operations					$	18,202			16,455			14,275			17,079			13,674			48,932			22,078
Restructuring charges and write-downs						—			—			—			—			—			—			655
Costs associated with debt redemption						1,326			1,071			—			2,031			—			2,397			—
Loss on mutual funds associated with acquired																					—
	Gruntal deferred compensation plan					—			—			—			—			1,493			—			1,493
Acquisition and conversion related charges						—			—			—			(1,300	)		(487	)		—			4,550
Impairment of securities available for sale						—			—			—			222			196			—			11,998
Operating net income				(note 2)	$	19,528			17,526			14,275			18,033			14,877			51,329			40,774

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

				For the three months ended
(in thousands except percentages and per share data)				9/30/2003			6/30/2003			3/31/2003			12/31/2002		9/30/2002
Gross loans:
	Residential real estate			$	1,714,774			1,880,890			1,559,553			1,471,218		1,576,825
	Commercial real estate				1,621,407			1,508,064			1,482,352			1,552,221		1,543,243
	Consumer				319,269			306,740			296,675			283,119		264,873
	Lease financing				18,935			22,713			29,962			34,623		40,410
	Commercial business				108,714			106,323			100,753			99,118		93,136
	Small business				159,025			158,798			164,151			162,306		160,884
		Total Loans			3,942,124			3,983,528			3,633,446			3,602,605		3,679,371
Investments					901,283			1,087,937			1,131,737			1,207,985		1,392,785
Total interest earning assets					4,843,407			5,071,465			4,765,183			4,810,590		5,072,156
Goodwill and core deposit intangibles					89,327			90,570			92,143			93,004		95,746
Other non-interest earning assets					646,963			625,191			634,604			648,864		628,880
Total assets				$	5,579,697			5,787,226			5,491,930			5,552,458		5,796,782
	Tangible assets		(note 3)	$	5,490,370			5,696,656			5,399,787			5,459,454		5,701,036
Deposits:
	Savings			$	197,778			185,685			171,298			157,376		149,906
	NOW				473,741			454,108			425,642			379,271		357,709
	Money funds				874,789			836,246			809,462			795,996		786,375
	Certificates of deposit				837,221			913,564			966,869			1,186,270		1,266,869
		Total interest bearing deposits			2,383,529			2,389,603			2,373,271			2,518,913		2,560,859
Short-term borrowed funds					228,427			385,604			269,660			194,252		519,886
FHLB advances					1,249,074			1,313,896			1,284,983			1,305,466		1,229,562
Long-term debt					407,538			409,567			377,185			377,620		346,416
Total interest bearing liabilities					4,268,568			4,498,670			4,305,099			4,396,251		4,656,723
Non-interest bearing deposits					568,007			535,458			478,355			451,991		427,686
Non-interest bearing other liabilities					239,848			272,983			243,764			247,637		271,196
Total liabilities					5,076,423			5,307,111			5,027,218			5,095,879		5,355,605
Stockholders’ equity					503,274			480,115			464,712			456,579		441,177
Total liabilities and stockholders’ equity				$	5,579,697			5,787,226			5,491,930			5,552,458		5,796,782
Other comprehensive (loss) income in stockholders’ equity				$	(1,347	)		(6,505	)		(9,918	)		1,894		4,076
	Tangible stockholders’ equity		(note 3)	$	415,294			396,050			382,487			361,681		341,355
Total loans, net				$	3,739,638			4,024,344			3,881,015			3,372,630		3,627,406
Total assets					5,197,060			5,819,615			5,814,072			5,421,011		5,724,402
Total stockholders’ equity					513,669			495,831			479,616			469,334		457,628
Common shares outstanding					58,940,200			58,629,845			58,392,970			58,317,971		58,304,786
Cash dividends					1,945,268			1,817,525			1,810,182			1,807,857		1,807,449
Common stock cash dividends per share					0.033			0.031			0.031			0.031		0.031
Closing stock price					14.25			11.89			9.79			9.45		8.98
High stock price for the quarter					15.77			12.49			10.12			9.76		12.15
Low stock price for the quarter					11.76			9.60			8.76			7.30		7.00
Book value per share					8.72			8.46			8.21			8.05		7.85

Bank Operations Business Segment
Condensed Statements of Operations and Statistics (Unaudited)

																		For the
			For the Three Months Ended															Nine Months Ended
(In thousands)			9/30/2003			6/30/2003			3/31/2003			12/31/2002			9/30/2002			9/30/2003			9/30/2002
Net interest income			$	36,558			40,716			39,499			39,684			44,697			116,773			124,438
Provision for loan losses				(1,076	)		1,490			850			3,291			2,082			1,264			10,786
Net Interest income after provision for loan losses				37,634			39,226			38,649			36,393			42,615			115,509			113,652
Non-interest income
	Service charges on deposits			10,925			9,605			8,558			9,245			6,684			29,088			17,234
	Other service charges and fees			4,625			6,071			3,918			3,841			3,591			14,614			10,246
	Securities gains (losses)			(336	)		(19	)		(21	)		(27	)		1,977			(376	)		4,768
	Gain (losses) on sales of loans			10			1			3			2,066			(230	)		14			(226	)
	Income from real estate operations			66			4,137			1,087			—			—			5,290			—
	Income from unconsolidated subsidiaries			—			—			—			644			97			—			528
	Other non-interest income			1,864			1,699			1,569			1,324			1,190			5,132			3,674
		Total non-interest income		17,154			21,494			15,114			17,093			13,309			53,762			36,224
Non-interest expense
	Employee compensation and benefits			19,387			20,466			19,468			17,300			16,873			59,321			47,830
	Occupancy and equipment			6,874			6,715			6,648			7,697			7,851			20,237			22,155
	Amortization of intangible assets			439			439			454			454			453			1,332			907
	Write-down of real estate owned			—			—			755			—			1,400			755			1,464
	Other			10,419			13,038			9,005			10,049			8,652			32,462			24,682
	Restructuring charges and impairment write-downs			—			—			—			—			—			—			1,007
	Acquisition and conversion related charges			—			—			—			—			(941	)		—			864
	Cost associated with debt redemption			2,040			—			—			—			—			2,040			—
		Total non-interest expense		39,159			40,658			36,330			35,500			34,288			116,147			98,909
Income from bank operations business segment (pretax)			$	15,629			20,062			17,433			17,986			21,636			53,124			50,967
Reconciliation of Operating and business segment income
Business segment income			$	15,629			20,062			17,433			17,986			21,636			53,124			50,967
Restructuring charges and impairment write-downs				—			—			—			—			—			—			1,007
Acquisition and conversion related charges				—			—			—			—			(941	)		—			864
Cost associated with debt redemption				2,040			—			—			—			—			2,040			—
Operating income (pretax)			$	17,669			20,062			17,433			17,986			20,695			55,164			52,838
Statistics:
	Average total interest earning assets (in 000’s)		$	4,706,976			4,930,653			4,634,822			4,681,594			4,920,559			4,757,626			4,645,389
	Average total interest bearing liabilities (in 000’s)		$	3,924,292			4,174,158			3,979,381			4,075,758			4,332,964			4,026,880			4,055,740
	GAAP operating efficiency ratio		%	72.91			65.36			66.52			62.53			59.11			68.11			61.56
	GAAP return on average assets		%	0.80			0.98			0.90			0.91			1.05			0.89			0.88
	GAAP return on average equity		%	8.30			10.92			9.70			9.98			12.21			9.63			10.25
	Operating efficiency ratio (1)		%	72.91			65.36			66.52			62.53			60.73			68.11			60.40
	Operating return on average assets (1)		%	0.90			0.98			0.90			0.91			1.00			0.93			0.91
	Operating return on average equity (1)		%	9.38			10.92			9.70			9.98			11.37			10.00			10.62
	Net interest margin		%	3.10			3.27			3.35			3.41			3.65			3.24			3.57
	Yield on earning assets		%	5.11			5.46			5.78			6.08			6.44			5.45			6.49
	Cost of interest-bearing liabilities		%	2.41			2.58			2.83			3.06			3.16			2.61			3.35
	Interest spread		%	2.70			2.88			2.95			3.02			3.28			2.84			3.14

(1) Ratios have been adjusted to exclude restructuring charges, impairment writedowns and acquisition and conversion related charges.

Condensed Statements of Financial Condition (Unaudited)

		As Of
(In thousands)		9/30/2003		6/30/2003		3/31/2003		12/31/2002		9/30/2002
ASSETS
Loans receivable		$	3,767,935		4,070,332		3,925,994		3,419,530		3,673,746
Held to maturity securities			212,236		274,352		237,479		323,400		473,013
Available for sale securities			337,147		503,514		739,468		706,497		638,119
Goodwill			70,489		70,489		70,489		71,222		71,653
Core deposit intangible asset			12,424		12,864		13,303		13,757		14,210
Other assets			286,709		289,764		309,437		369,480		344,238
	Total assets	$	4,686,940		5,221,315		5,296,170		4,903,886		5,214,979
LIABILITIES AND STOCKHOLDER’S EQUITY
Deposits		$	2,982,202		2,904,380		2,883,373		2,920,555		2,974,874
Advances from Federal Home Loan Bank			956,820		1,332,300		1,308,246		1,297,170		1,307,739
Short term borrowings			167,983		401,298		523,947		127,272		378,443
Long term debt			36,077		35,112		37,579		35,755		14,026
Other liabilities			62,389		70,228		71,684		55,378		75,174
	Total liabilities		4,205,471		4,743,318		4,824,829		4,436,130		4,750,256
Stockholder’s equity			481,469		477,997		471,341		467,756		464,723
	Total liabilities and stockholder’s equity	$	4,686,940		5,221,315		5,296,170		4,903,886		5,214,979

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

								For the Three Months Ended
				September 30, 2003							September 30, 2002
				Average		Revenue/		Yield/			Average		Revenue/		Yield/
(in thousands)				Balance		Expense		Rate			Balance		Expense		Rate
Loans:
		Residential real estate		$	1,714,774		18,186		4.24	%	$	1,576,825		24,806		6.29	%
		Commercial real estate			1,666,209		24,011		5.76			1,592,990		25,893		6.50
		Consumer			319,269		3,548		4.45			264,873		3,696		5.58
		Lease financing			18,935		538		11.37			40,410		1,256		12.43
		Commercial business			110,236		1,618		5.87			93,136		1,453		6.24
		Small business			159,025		3,022		7.60			160,884		3,141		7.81
			Total loans		3,988,448		50,923		5.11			3,729,118		60,245		6.46
	Investments				718,528		9,210		5.13			1,191,441		18,999		6.38
	Total interest earning assets				4,706,976		60,133		5.11	%		4,920,559		79,244		6.44	%
	Goodwill and core deposit intangibles				83,143							88,395
	Other non-interest earning assets				229,398							270,948
	Total Assets			$	5,019,517						$	5,279,902
Deposits:
		Savings		$	197,778		137		0.27	%	$	149,906		380		1.01	%
		NOW			473,741		438		0.37			357,709		681		0.76
		Money funds			874,789		1,935		0.88			786,375		3,468		1.75
		Certificate accounts			837,221		5,248		2.49			1,266,869		11,558		3.62
			Total deposits		2,383,529		7,758		1.29			2,560,859		16,087		2.49
	Short-term borrowed funds				256,826		588		0.91			528,533		2,323		1.74
	Advances from FHLB				1,249,074		15,025		4.77			1,229,562		15,856		5.12
	Long-term debt				34,863		489		5.56			14,010		281		7.96
	Total interest bearing liabilities				3,924,292		23,860		2.41			4,332,964		34,547		3.16
	Non-interest bearing deposits				568,333							427,686
	Non-interest bearing other liabilities				44,637							65,664
	Total Liabilities				4,537,262							4,826,314
	Stockholder’s equity				482,255							453,588
	Total liabilities and stockholder’s equity			$	5,019,517						$	5,279,902
	Net interest income/ net interest spread						36,273		2.70	%				44,697		3.28	%
	Capitalized interest from real estate operations						285							—
	Net interest income						36,558							44,697
	Margin
	Interest income/interest earning assets								5.11	%						6.44	%
	Interest expense/interest earning assets								2.01							2.79
	Net interest margin								3.10	%						3.65	%

Bank Operations
Average Balance Sheet — Yield / Rate Analysis

						For the Nine Months Ended
				September 30, 2003							September 30, 2002
				Average		Revenue/		Yield/			Average		Revenue/		Yield/
(in thousands)				Balance		Expense		Rate			Balance		Expense		Rate
Loans:
		Residential real estate		$	1,718,974		62,329		4.83	%	$	1,413,025		67,966		6.41	%
		Commercial real estate			1,584,284		70,249		5.91			1,466,235		71,250		6.48
		Consumer			307,644		10,535		4.57			242,737		10,450		5.74
		Lease financing			23,830		2,020		11.30			46,532		4,300		12.32
		Commercial business			105,806		4,564		5.75			100,164		4,499		5.99
		Small business			160,589		8,955		7.44			140,941		8,389		7.94
			Total loans		3,901,127		158,652		5.42			3,409,634		166,854		6.52
	Investments				856,499		35,746		5.56			1,235,755		59,116		6.38
	Total interest earning assets				4,757,626		194,398		5.45	%		4,645,389		225,970		6.49	%
	Goodwill and core deposit intangibles				83,823							65,833
	Other non-interest earning assets				242,537							231,749
	Total Assets			$	5,083,986						$	4,942,971
Deposits:
		Savings		$	185,432		721		0.52	%	$	135,272		1,024		1.01	%
		NOW			451,333		1,540		0.46			310,151		1,766		0.76
		Money funds			840,412		7,213		1.15			734,477		10,095		1.84
		Certificate accounts			905,409		19,211		2.84			1,244,234		35,636		3.83
			Total deposits		2,382,586		28,685		1.61			2,424,134		48,521		2.68
	Short-term borrowed funds				326,400		2,762		1.13			459,762		6,037		1.76
	Advances from FHLB				1,282,519		45,633		4.76			1,161,880		46,453		5.35
	Long-term debt				35,375		1,428		5.40			9,964		521		6.99
	Total interest bearing liabilities				4,026,880		78,508		2.61			4,055,740		101,532		3.35
	Non-interest bearing deposits				527,334							389,565
	Non-interest bearing other liabilities				58,885							73,163
	Total Liabilities				4,613,099							4,518,468
	Stockholder’s equity				470,887							424,503
	Total liabilities and stockholder’s equity			$	5,083,986						$	4,942,971
	Net interest income/net interest spread						115,890		2.84	%				124,438		3.14	%
	Capitalized interest from real estate operations						883							—
	Net interest income						116,773							124,438
	Margin Interest income/interest earning assets								5.45	%						6.49	%
	Interest expense/interest earning assets								2.21							2.92
	Net interest margin								3.24	%						3.57	%

Bank Operations Business Segment
Allowance for Loan Loss and Credit Quality

																	For the
					For the Three Months Ended												Nine Months Ended
(in thousands)		9/30/2003			6/30/2003			3/31/2003			12/31/2002			9/30/2002			9/30/2003			9/30/2002
Allowance for Loan Losses
Beginning balance		$	49,576			48,695			48,022			45,602			48,587			48,022			44,585
Charge-offs:
	Residential real estate		(150	)		(98	)		(114	)		(401	)		(284	)		(362	)		(426	)
	Commercial real estate		—			—			—			(140	)		(2,549	)		—			(6,858	)
	Commercial business		(1,798	)		(536	)		(2,453	)		(1,106	)		(1,779	)		(4,787	)		(5,964	)
	Consumer		(260	)		(490	)		(405	)		(342	)		(396	)		(1,155	)		(1,781	)
	Small business		(334	)		(1,433	)		(620	)		(736	)		(727	)		(2,387	)		(2,919	)
	Syndication		—			—			—			—			(13	)		—			(8,013	)
Total charge-offs			(2,542	)		(2,557	)		(3,592	)		(2,725	)		(5,748	)		(8,691	)		(25,961	)
Recoveries:
	Residential real estate		424			61			57			174			94			542			157
	Commercial real estate		1			—			1			—			3			2			20
	Commercial business		492			694			667			559			597			1,853			2,532
	Consumer		343			414			464			431			411			1,221			1,487
	Small business		748			575			833			630			549			2,156			1,638
	Syndication		236			204			2,127			489			102			2,567			785
Total recoveries			2,244			1,948			4,149			2,283			1,756			8,341			6,619
Net (charge-offs) recoveries			(298	)		(609	)		557			(442	)		(3,992	)		(350	)		(19,342	)
Provision for loan losses			(1,076	)		1,490			850			3,292			2,082			1,264			10,786
Acquired allowance for loan losses			—			—			(734	)		(430	)		(1,075	)		(734	)		9,573
Ending allowance for loan losses		$	48,202			49,576			48,695			48,022			45,602			48,202			45,602
Annualized net charge-offs to average loans			0.03	%		0.06			(0.06	)		0.05			0.43			0.01			0.76

						As of
	9/30/2003			6/30/2003		3/31/2003		12/31/2002		9/30/2002
Credit Quality
Nonaccrual loans and tax certificates	$	11,290			12,900		13,357		18,232		29,366
Acquired nonaccrual loans		314			409		1,537		2,105		3,065
Real estate owned, net of allowance		8,904			8,157		9,045		9,607		10,015
Other repossessed assets		274			435		513		4		1
Total nonperforming assets	$	20,782			21,901		24,452		29,948		42,447
Loan loss allowance to non-performing assets		231.94	%		226.36		199.15		160.35		107.43
Nonperforming assets to total loans and other assets		0.53	%		0.51		0.60		0.83		1.10
Allowance for loan losses to total loans		1.27	%		1.22		1.24		1.40		1.24

Levitt Corporation Business Segment
Condensed Statements of Operations and Statistics — Unaudited

															For the
					For the Three Months Ended										Nine Months Ended
(in thousands)		9/30/2003			6/30/2003		3/31/2003			12/31/2002			9/30/2002		9/30/2003			9/30/2002
Revenues
	Sales of real estate	$	18,442			17,868		13,441			17,829			8,392		49,751			30,304
	Income (loss) from Bluegreen Corporation		3,350			1,940		(134	)		2,107			941		5,156			2,463
	Joint venture operations		(16	)		231		(313	)		(657	)		130		(98	)		1,506
	Interest — other		890			823		758			1,127			512		2,471			2,025
	Total revenues		22,666			20,862		13,752			20,406			9,975		57,280			36,298
Operating expenses
	Compensation, benefits		5,153			4,708		3,682			4,491			3,334		13,543			9,492
	Selling, general and administrative		4,079			4,346		3,240			4,000			2,960		11,665			8,928
	Interest		(16	)		8		241			6			70		233			383
	Other		970			1,436		1,221			1,071			775		3,627			2,566
	Total operating expenses		10,186			10,498		8,384			9,568			7,139		29,068			21,369
Income from Levitt Corporation (pretax)		$	12,480			10,364		5,368			10,838			2,836		28,212			14,929
Statistics:
Return on equity			24.43	%		21.61		11.86			24.76			6.96		18.41			12.73
Administrative expenses as a % of revenue			18.00			20.83		23.56			19.60			29.67		20.36			24.60
Gross profit as a percent of sales			28.26			26.68		25.38			21.71			20.48		26.87			24.11
Debt to equity			1.30			1.38		1.46			1.37			1.49		1.30			1.49
Housing units:
	Backlog (units)		2,075			1,576		1,129			885			814		2,075			814
	Sales (units)		247			210		162			249			195		619			631
	New contracts		746			596		467			320			296		1,809			721

Condensed Statements of Financial Condition — Unaudited

					As of
(in thousands)	9/30/2003		6/30/2003		3/31/2003		12/31/2002		9/30/2002
ASSETS
Cash	$	39,346		31,568		27,946		19,002		13,669
Loans receivable		5,163		4,809		6,205		6,082		5,944
Real estate inventory		234,854		218,473		214,268		198,126		198,001
Investment in unconsolidated subsidiaries		67,444		64,162		61,949		61,583		61,456
Other assets		9,716		10,645		11,052		10,668		11,512
Total assets	$	356,523		329,657		321,420		295,461		290,582
LIABILITIES AND STOCKHOLDER’S EQUITY
Liabilities:
Notes payable	$	132,585		132,208		131,970		117,445		119,136
Notes payable to BankAtlantic Bancorp		30,000		30,000		30,000		30,000		30,000
Other liabilities		68,415		49,593		48,217		40,483		41,376
Total liabilities		231,000		211,801		210,187		187,928		190,512
Stockholder’s equity		125,523		117,856		111,233		107,533		100,070
Total liabilities and stockholder’s equity	$	356,523		329,657		321,420		295,461		290,582

Ryan Beck & Co., Inc. Business Segment
Consolidated Statements of Operations and Statistics — Unaudited

																For the
							For the Three Months Ended									Nine Months Ended
(in thousands)		9/30/2003			6/30/2003			3/31/2003			12/31/2002		9/30/2002			9/30/2003		9/30/2002
Revenues
	Principal transactions	$	21,091			24,057			25,083			15,873		13,574			70,231		33,233
	Investment banking		7,642			5,079			7,689			3,551		7,614			20,410		15,567
	Commissions		21,258			21,603			19,352			22,044		21,768			62,213		40,880
	Interest, dividends and other		3,450			2,662			3,159			2,941		3,288			9,271		7,267
	Total operating revenues		53,441			53,401			55,283			44,409		46,244			162,125		96,947
Operating expenses
	Compensation, benefits		35,924			36,892			37,923			31,522		34,114			110,739		69,384
	Communication		2,822			4,216			3,829			3,155		3,035			10,867		6,997
	Occupancy and equipment		3,287			2,900			3,090			2,739		3,250			9,277		6,606
	Clearing fees		2,328			2,236			2,158			2,462		2,463			6,722		5,730
	Acquisition related expenses		—			—			—			—		870			—		4,061
	Interest and other		4,664			5,681			5,168			3,388		3,327			15,513		9,889
	Total operating expenses		49,025			51,925			52,168			43,266		47,059			153,118		102,667
Income (loss) from Ryan Beck continuing operations			4,416			1,476			3,115			1,143		(815	)		9,007		(5,720	)
Discontinued operations			246			747			(367	)		1,181		933			626		1,658
Extraordinary item, net of tax			—			—			—			—		(61	)		—		23,749
Cumulative accounting change, net of tax			—			—			—			—		—			—		(1,768	)
Business segment Income from Ryan Beck operations (pretax)		$	4,662			2,223			2,748			2,324		57			9,633		17,919
Reconciliation of Operating and business segment income
Business segment income from continuing operations		$	4,416			1,476			3,115			1,143		(815	)		9,007		(5,720	)
Acquisition related expenses			—			—			—			—		192			—		4,153
Loss on mutual funds associated with acquired Gruntal deferred compensation plan			—			—			—			—		2,297			—		2,297
Operating income (loss) (pretax)		$	4,416			1,476			3,115			1,143		1,674			9,007		730
Statistics:
GAAP return on equity			14.87	%		7.41			9.39			8.17		0.21			10.24		23.65
Operating return on equity			14.09			4.92			10.64			4.02		6.07			9.58		0.96
Compensation as a percent of revenues			67.22			69.08			68.60			70.98		73.77			68.30		71.57
Commissions to total revenues			39.78			40.45			35.01			49.64		47.07			38.37		42.17
Principal transactions to total revenues			39.47			45.05			45.37			35.74		29.35			43.32		34.28
Investment banking revenue to total revenues			14.30			9.51			13.91			8.00		16.46			12.59		16.06

Condensed Statements of Financial Condition — Unaudited

					As of
(in thousands)	9/30/2003		6/30/2003		3/31/2003		12/31/2002		9/30/2002
ASSETS
Cash and cash equivalents	$	259		1,193		3,615		3,133		6,882
Securities		87,837		224,405		154,319		186,454		178,774
Other investments		4,212		1,456		—		383		299
Notes receivable — GMS		13,681		—		—		—		—
Property and equipment, net		3,599		4,095		4,037		4,113		4,031
Goodwill		6,184		6,184		7,389		7,351		7,351
Other assets		27,149		37,085		38,023		33,328		32,214
Total assets	$	142,921		274,418		207,383		234,762		229,551
LIABILITIES AND STOCKHOLDER’S EQUITY
Liabilities:
Securities sold not yet purchased	$	15,089		34,968		49,760		38,003		33,034
Note payable		1,176		1,550		1,930		2,304		3,427
Note payable to BankAtlantic Bancorp		—		5,000		5,000		5,000		5,000
Due to clearing agent		6,087		112,410		36,982		78,791		81,774
Other liabilities		47,013		50,137		45,038		43,897		41,660
Total liabilities		69,365		204,065		138,710		167,995		164,895
Stockholder’s equity		73,556		70,353		68,673		66,767		64,656
Total liabilities and stockholder’s equity	$	142,921		274,418		207,383		234,762		229,551

Parent Company Business Segment Activities
Condensed Statements of Operations — Unaudited

																For the
				For the Three Months Ended												Nine Months Ended
(in thousands)	9/30/2003			6/30/2003			3/31/2003			12/31/2002			9/30/2002			9/30/2003			9/30/2002
Net interest (expense)	$	(3,676	)		(3,868	)		(3,273	)		(4,303	)		(4,311	)		(10,817	)		(11,391	)
Income from unconsolidated subsidiaries		635			496			335			74			486			1,466			705
Gains on sales of assets		—			—			404			—			506			404			3,836
Impairment writedown		—			—			—			(342	)		(302	)		—			(18,459	)
Ryan Beck retention pool compensation expense		—			—			—			—			—			—			(1,038	)
Acquisition and conversion related charges		—			—			—			2,000			—			—			(2,000	)
Cost associated with debt redemption		—			(1,648	)		—			(3,125	)		—			(1,648	)		—
Other income (expense)		(504	)		(817	)		(917	)		(446	)		(369	)		(2,238	)		(921	)
Loss from parent company activities before a change in accounting principle		(3,545	)		(5,837	)		(3,451	)		(6,142	)		(3,990	)		(12,833	)		(29,268	)
Cumulative accounting change		—			—			—			—			—			—			(13,339	)
Loss from parent company business segment activities (pretax)	$	(3,545	)		(5,837	)		(3,451	)		(6,142	)		(3,990	)		(12,833	)		(42,607	)
Reconciliation of Operating and business segment income
Business segment income before cumulative acctg change	$	(3,545	)		(5,837	)		(3,451	)		(6,142	)		(3,990	)		(12,833	)		(29,268	)
Impairment writedown		—			—			—			342			302			—			18,459
Acquisition and conversion related charges		—			—			—			(2,000	)		—			—			2,000
Cost associated with debt redemption		—			1,648			—			3,125			—			1,648			—
Operating loss (pretax)	$	(3,545	)		(4,189	)		(3,451	)		(4,675	)		(3,688	)		(11,185	)		(8,809	)

Condensed Statements of Financial Condition — Unaudited

					As of
(in thousands)	9/30/2003		6/30/2003		3/31/2003		12/31/2002		9/30/2002
ASSETS
Cash	$	16,551		15,115		53,513		2,723		39,176
Securities		17,254		9,458		3,935		4,761		4,892
Notes receivable from subsidiaries		30,000		35,000		35,000		35,000		35,000
Investment in subsidiaries		679,253		664,825		649,837		647,169		633,908
Investment in unconsolidated subsidiaries		12,545		12,027		11,279		3,363		3,475
Other assets		24,050		25,490		32,129		30,454		28,592
Total assets	$	779,653		761,915		785,693		723,470		745,043
LIABILITIES AND STOCKHOLDERS’ EQUITY
Subordinated debentures and notes payable	$	263,318		263,318		302,735		251,737		282,725
Other liabilities		2,666		2,766		3,342		2,399		4,878
Total liabilities		265,984		266,084		306,077		254,136		287,603
Stockholders’ equity:		513,669		495,831		479,616		469,334		457,440
Total liabilities and stockholders’ equity	$	779,653		761,915		785,693		723,470		745,043