8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) July 27, 2011

BankAtlantic Bancorp, Inc.

(Exact name of registrant as specified in its charter)

Florida	001-13133	65-0507804
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
2100 West Cypress Creek Road Ft. Lauderdale, Florida		33309
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code 954-940-5000

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))

Item 2.02. Results of Operations and Financial Condition

The information in this item (including Exhibit 99.1) is being furnished pursuant to Items 2.02 and 9.01 and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act. On July 27, 2011, BankAtlantic Bancorp, Inc. (the “Company”) issued a press release announcing its financial results for the three and six months ended June 30, 2011, a copy of which is included herein as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits

99.1 Press Release dated July 27, 2011

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 27, 2011
	BANKATLANTIC BANCORP, INC.
	By: /s/ Valerie C. Toalson
	Valerie C. Toalson
	Executive Vice President
	- Chief Financial Officer

EX-99.1

Exhibit 99.1

BankAtlantic Bancorp Reports Profit of $23 Million

For the Second Quarter, 2011

-BankAtlantic Achieves Tier 1/Core Capital Ratio of 8.24%,

Exceeding Regulatory Capital Requirements-

FORT LAUDERDALE, Florida — July 27, 2011 — BankAtlantic Bancorp, Inc. (NYSE: BBX) today reported net income of $23.4 million, or $0.35 per diluted share, for the quarter ended June 30, 2011, compared to a net loss of ($51.3) million, or ($1.02) per diluted share, for the quarter ended June 30, 2010. Its banking subsidiary, BankAtlantic, had net income of $31.0 million for the second quarter of 2011, compared to a net loss of ($39.9) million for the second quarter of 2010. Included in the results for the second quarter of 2011 was a gain of $38.7 million associated with the June 2011 sale of BankAtlantic’s Tampa branch network.

BankAtlantic Bancorp’s Chairman and Chief Executive Officer, Alan B. Levan, commented, “Our results this quarter reflect the strong operating metrics at BankAtlantic, the gain on the Tampa deposit and branch sale, and what we believe is the improved economic environment in Florida. During the second quarter of 2011, provisions and charge offs continued to decline, and fewer loans migrated to default status. Deposits continue to be strong, leverage is low, and nonperforming assets are down. And importantly, BankAtlantic’s regulatory capital ratios, which have been generally stable and in excess of all regulatory well-capitalized standards since the downturn began in 2006, improved significantly during the second quarter of 2011 to levels not only in excess of all regulatory requirements, but higher than the ratios were before the onset of the economic downturn .

“We believe our continued focus on the fundamentals of Capital, Credit and Core Earnings, combined with the growing optimism for the Florida economy, will continue to yield a brighter outlook for BankAtlantic.

Highlights of the BankAtlantic Operating Segment

• “BankAtlantic exceeded all of its regulatory capital requirements at June 30, 2011, with a Tier 1/Core Capital Ratio of 8.24% and a Total Risk Based Capital Ratio of 14.52%.

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• “BankAtlantic completed the sale of its 19 Tampa branches and related deposits to PNC Bank, N.A., part of the PNC Financial Services Group Inc. (NYSE: PNC), in June 2011, and recorded a gain of $38.7 million.

• “Credit metrics reflected overall improvement, with reductions in nonaccrual loans and nonperforming assets, improvement in early stage delinquencies to the lowest level in three years, lower net charge offs as compared to the last two quarters (and lower than eight of the last ten quarters), and a continued slowing pace of new nonaccrual loans and real estate valuation declines. Reflecting these improved credit metrics, the provision for loan losses for the second quarter of 2011 was $10.2 million, the lowest loan provision in over three years for BankAtlantic.

• “Core operating earnings ⁽¹⁾ have remained solid. For the second quarter of 2011, core operating earnings were $11.7 million, improved from both the prior quarter and the second quarter of 2010, and the net interest margin remained stable at 3.30%.

“BankAtlantic’s deposit funding sources, the foundation of its franchise, remain strong, with customer deposits representing 99% of BankAtlantic’s funding at June 30, 2011. Core ⁽²⁾ and total deposits at June 30, 2011 totaled $2.6 billion and $3.4 billion, respectively, with a cost of core and total deposits of 0.22% and 0.41%, respectively, for the second quarter 2011, compared to the publicly traded Florida Bank and Thrift median cost of deposits of 1.08% as of March 31, 2011. Further, BankAtlantic had no outstanding borrowings from the FHLB at June 30, 2011. BankAtlantic’s total cost of funds for the second quarter of 2011 continued to decline to 0.57%, from 0.62% for the fourth quarter of 2010.

⁽¹⁾ Pre-tax core operating earnings is a non-GAAP measure that we use to refer to pre-tax earnings before gain on sale of Tampa branches, provision for loan losses, tax certificate provisions, debt redemption costs, gains/losses on sales of real estate, and impairments, 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, 2011 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.

⁽²⁾ 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, 2011 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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• “Available liquidity, which includes cash, unpledged securities and unused FHLB borrowing capacity remained robust at June 30, 2011, at 35.0% of deposits.

“As we have previously disclosed, we believe that BankAtlantic’s loan losses peaked in 2009 and that the trends continue to support our optimism that we are on the path toward recovery. These trends, from the beginning of the recession through the current quarter, are reflected in the Supplemental Graphs which should be viewed in conjunction with the Supplemental Financials on our BankAtlantic Bancorp’s Investor Relations website.

Supplemental graphs for BankAtlantic (bank only) are provided as a means to illustrate many of the metrics described above. To view the supplemental graphs, please visit our website at www.BankAtlanticBancorp.com, access the “Investor Relations” section and click on the “Supplemental Graphs” navigation link.

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.

BANKATLANTIC PERFORMANCE

CAPITAL:

BankAtlantic’s Chief Executive Officer, Jarett S. Levan, commented, “As noted previously, BankAtlantic’s capital exceeded all regulatory capital requirements applicable to it at June 30, 2011 with a Tier 1/Core Capital Ratio of 8.24% and a Total Risk Based Capital Ratio of 14.52%, having increased from March 31, 2011 ratios of 5.97% and 11.76%, respectively. The increase in capital ratios in the second quarter of 2011 was the result of the impact of the Tampa branch sale (both the net gain and the related reduction in assets), a $20 million capital contribution from BankAtlantic Bancorp, improved operating performance and lower tangible asset balances at BankAtlantic. Throughout the last several difficult years for the U.S. and Florida economy, BankAtlantic’s capital ratios never fell below applicable regulatory requirements. Historical capital ratios at BankAtlantic were:

	12/2006			12/2007			12/2008			12/2009			12/2010			6/2011
Tier 1/Core		7.55	%		6.94	%		6.80	%		7.58	%		6.22	%		8.24	%
Tier 1 Risk-Based		10.50	%		9.85	%		9.80	%		10.63	%		9.68	%		12.38	%
Total Risk-Based		12.08	%		11.63	%		11.63	%		12.56	%		11.72	%		14.52	%

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CREDIT:

“When we compare the current 2011 quarter with the past two years, we are encouraged by what we believe are improvements in recent credit trends, including improvements in our delinquencies, nonperforming loan trends and provisions for credit losses.

• “Delinquencies excluding non-accrual loans and matured loans in the process of renewal were $27.8 million or 0.99% of total loans at June 30, 2011, as compared to $55.7 million or 1.86% of total loans at March 31, 2011, and $43.4 million or 1.23% of total loans at June 30, 2010. These early stage delinquency balances for total delinquencies excluding non-accrual loans at June 30, 2011 were the lowest levels in three years, the lowest levels in two years for the Consumer portfolio and the lowest level in eleven quarters for the Residential Real Estate portfolio. We are particularly encouraged by the delinquency trends in these homogenous portfolios.

• “Total non-accrual loans were $316.6 million at June 30, 2011, reflecting a decrease of $46.0 million or 13% as compared to March 31, 2011, and a decrease of $45.5 million or 13% as compared to June 30, 2010. Total new non-accrual loans in the second quarter of 2011 totaled $33.1 million as compared to $44.7 million in the first quarter of 2011 and $100.7 million in the second quarter of 2010.

• “The declines in non-accrual loans in the second quarter of 2011 were primarily due to a reduction of $48.9 million of commercial real estate non-accrual loans, reflecting two loan sales at book value (proceeds of $10.1 million), charge offs of $13.5 million, migration to real estate owned of $15.4 million, new non-accruals of $12.2 million, and loan paydowns including two totaling $5.5 million of non-accrual loans that were continuing to pay under the terms of their loan agreements.

• “New non-accrual commercial real estate loans in the second quarter of 2011 totaled $12.2 million (of which $6.9 million continued to be current) as compared to $17.2 million in the first quarter of 2011 and $73.3 million in the second quarter of 2010.

• “At June 30, 2011, approximately $91.4 million of commercial real estate and commercial business non-accrual loans (representing 44% of those categories’ non-accrual loans and 28.9% of total non-accrual loans) were impaired but continued to be current and paying under the terms of their loan agreements.

• “Net charge-offs were $26.6 million in the second quarter of 2011, compared to $27.8 million in the first quarter of 2011 and $32.5 million in the second quarter of 2010.

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• “BankAtlantic’s allowance for loan losses was $137.9 million at June 30, 2011. The allowance coverage to total loans was 4.92% at June 30, 2011, compared to 5.20% at March 31, 2011 and 5.08% at June 30, 2010.

• “The provision for loan losses in the second quarter of 2011 was $10.2 million compared to $27.8 million in the first quarter of 2011 and $43.6 million in the second quarter of 2010. The lower provision in the second quarter of 2011 is reflective of the overall improvement in credit trends (particularly in the homogenous portfolios) and the net reversal of $12.6 million of specific reserves due to charge-offs, loan paydowns and sales, the net reduction of impairment charges on existing impaired loans, and fewer new loans impaired during the quarter.

CORE EARNINGS:

• Results of Operations — “BankAtlantic’s net income was $31.0 million for the second quarter of 2011, compared to a net loss of ($39.9) million for the second quarter of 2010.

• “Pretax core operating earnings for the second quarter of 2011 were $11.7 million, compared to $9.1 million for the second quarter of 2010. Gain on sale of Tampa branches and deposits, loan loss and tax certificate provisions, debt redemption costs, loss on real estate sold and impairment, restructuring and exit activity expenses, which are not included in pre-tax core operating earnings, were $19.3 million for the second quarter of 2011 versus ($48.9) million for the second quarter of 2010. The individual components of earnings are described more fully below.

• “BankAtlantic completed the sale of its 19 Tampa branches and related deposits to PNC Bank, N.A. (“PNC”) in June 2011. The transaction, which included the assumption by PNC of $324.3 million in deposits and resulted in a net reduction of assets for BankAtlantic of $285.1 million (no loans were sold in this transaction), resulted in a gain of $38.7 million. The impact of the net gain and the reduction of assets increased BankAtlantic’s Tier 1/Core capital ratio by approximately 152 basis points. We were pleased with the deposit premium associated with this transaction, and we believe that it reflects the high quality of the deposits not only in Tampa but throughout the BankAtlantic network.

DEPOSITS: “BankAtlantic’s core and total deposits at June 30, 2011 were $2.6 billion and $3.4 billion, respectively.

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• “During the second quarter of 2011:

• Core deposits (excluding those associated with the Tampa branches) decreased slightly by $64.7 million from March 31, 2011, reflecting typical seasonality in BankAtlantic’s deposits.

• Total deposits (excluding those associated with the Tampa branches) decreased by $187.7 million from March 31, 2011, reflecting primarily a decline in higher-cost certificates of deposit.

“In addition, the average cost of core deposits and total deposits for the second quarter of 2011 was 0.22% and 0.41%, respectively; brokered deposit balances were minimal at $9.17 million, or 0.3% of total deposits; and non-CD balances represented approximately $3.0 billion, or 87% of total deposits.

Net Interest Income and Margin — “Net interest income for the second quarter of 2011 was $33.0 million, compared to $37.0 million for the second quarter of 2010. The reduction in the current quarter net interest income versus the prior year quarter reflected the impact of decreases in earning assets and increases in cash and lower-yielding investments.

• “Net interest margin during the second quarter of 2011 was 3.30% as compared to 3.49% during the second quarter of 2010.

• “Net interest spread during the second quarter of 2011 was 3.16% as compared to 3.30% during the second quarter of 2010.

• “The cost of interest bearing liabilities during the second quarter of 2011 was 0.57%, an improvement from 0.78% in the second quarter of 2010.

• “The yield on total loans (including nonperforming loans) during the second quarter of 2011 was 4.51%, increased from 4.44% in the second quarter of 2010.

• “Investments averaged $1.1 billion during the second quarter of 2011 with a yield of 1.54%, as compared to an average of $648.8 million during the second quarter of 2010 with a yield of 2.12%. The yield was impacted negatively due to average invested excess cash of $551.8 million during the second quarter of 2011 earning an average yield of 30 basis points. This compares to $254.7 million in average invested excess cash during the second quarter of 2010 earning an average yield of 22 basis points. The June 2011 sale of the Tampa branches was funded entirely by cash, decreasing the excess cash balances at June 30, 2011 to $297.9 million. Even after completion of the Tampa branch sale, available liquidity at June 30, 2011 remained significant at 35.0% of deposits.

• “Other average balance sheet activity impacting net interest income included:

• “Average earning assets of $3.99 billion for the second quarter of 2011 were $251.9 million less than average earning assets for the second quarter of 2010, reflecting a decline in average loans of $649.5 million due primarily to routine paydowns and net charge-offs, offset by the increase in average investments discussed above primarily from cash inflows.

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• “Nonperforming assets decreased by $20.1 million from June 30, 2010 to June 30, 2011.

Non-interest income — “Total non-interest income for the second quarter of 2011 was $60.1 million, or $21.4 million excluding the $38.7 million gain on the sale of the Tampa branches. This was down from non-interest income of $26.3 million in the second quarter of 2010, primarily reflecting declines in service charges relating to lower levels of customer non-sufficient funds activity.

Non-interest expense — “Total non-interest expenses were $51.9 million in the second quarter of 2011 compared to $59.5 million in the second quarter of 2010. Core expenses ⁽³⁾ were $42.7 million in the second quarter of 2011, compared to core expenses of $54.2 million in the second quarter of 2010, reflecting a $5 million decrease in employee compensation and benefits due to lower staffing levels, a $3.7 million decrease in professional fees due to a refund of $3.3 million in legal costs from insurers in the second quarter of 2011 as compared to a $1.4 million reimbursement in the second quarter of 2010, and a $2.3 million decrease in occupancy and equipment expense. The core operating efficiency ratio in the second quarter of 2011 was 78.6%, improved from 85.7% in the second quarter of 2010.

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

• “Impairment, restructuring and exit activities of $7.4 million in the second quarter of 2011, versus charges of $2.2 million in the second quarter of 2010. The charges in the second quarter of 2011 included:

• Charges totaling $6.2 million related to write-downs of real estate owned.

• Net recovery of ($0.3) million of restructuring charges, primarily related to favorable lease terminations on unused leased property sites.

• Lower of cost or market adjustments on loans held for sale of $1.5 million.

⁽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, 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, 2011 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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• “Tax certificate provision of $1.0 million in the second quarter of 2011, versus $2.1 million in the second quarter of 2010.

• “Gain on sale of real estate of $0.4 million in the second quarter of 2011, versus a loss of ($0.9) million in the second quarter of 2010.

• “Costs associated with debt redemption of $1.1 million in the second quarter of 2011.

“We were very pleased with the response from customers relating to our recently launched products, services and initiatives including seamless mobility using BankAtlantic’s Mobile Banking Application for the Android, our iPhone, iPad and iPod Touch app, Mobile Web and Text Message Banking. Further, we were pleased to announce that BankAtlantic is the most active community bank lender in the South Florida District of the Small Business Administration (the “SBA”) based on loan units approved. Additionally, BankAtlantic is the fourth most active SBA overall lender (as of May 31, 2011) in the SBA’s South Florida District based on loan units approved, and has occupied that position for the entire fiscal year.”

BANKATLANTIC BANCORP (Parent Company only):

Alan B. Levan further commented, “BankAtlantic Bancorp’s (Parent Company only) net loss was ($7.6) million for the second quarter of 2011, compared to a net loss of ($11.4) million for the second quarter of 2010. The second quarter of 2011 included loan provisions of $0.5 million as compared to loan provisions of $4.9 million in the second quarter of 2010. Additionally, the net loss in the second quarter of 2011 included a $1.5 million impairment charge relating to an investment held by BankAtlantic Bancorp.

“During the second quarter of 2011, BankAtlantic Bancorp completed a rights offering for Class A Common Stock, receiving approximately $11.3 million in proceeds, and issuing an aggregate of approximately 15.1 million shares of its Class A Common Stock to participating shareholders, increasing total outstanding Class A and Class B Common Shares of BankAtlantic Bancorp to 78,133,720 shares as of June 30, 2011. BankAtlantic Bancorp used the funds from the offering as part of its $20 million capital contribution to BankAtlantic in June 2011.

“In the fourth quarter of 2008, BankAtlantic Bancorp and BankAtlantic recorded a full valuation allowance against its net deferred tax asset, and have continued to maintain a full valuation allowance against this asset on the balance sheet and in its capital calculations. Accordingly, although we recorded net income for the second quarter of 2011, the net tax provision for the quarter is zero. At June 30, 2011,

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the total Federal and State deferred tax asset balance, before netting the full valuation allowance, was $195.1 million, with $145.1 million related to BankAtlantic and $50.0 million related to BankAtlantic Bancorp (Parent only). The deferred tax asset valuation allowance will remain in place until it is determined that the asset would more likely than not be realized as a result of future income. In other words, at such time as we are able to demonstrate sustainable future income, part or all of the valuation allowances at BankAtlantic and BankAtlantic Bancorp would be reversed through the tax provision into net income and book value.

“Additionally, as first 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 trust preferred securities, which is permitted under the terms of the securities for up to another 10 consecutive quarterly periods. Total deferred interest amounted to $35.4 million at June 30, 2011.

Asset Workout Subsidiary – “The loans and real estate owned held by BankAtlantic Bancorp’s workout subsidiary at June 30, 2011 included real estate owned of $8.6 million, performing loans of $2.6 million and non-accrual loans of $9.4 million. Charge-offs of $21.0 million have previously been taken on these non-accrual loans, and no reserves are currently maintained related to these loans.

REGULATORY AND LEGAL MATTERS:

“As previously disclosed, on February 23, 2011, BankAtlantic Bancorp and BankAtlantic each entered into agreements (“Orders”) with the Office of Thrift Supervision (the “OTS”), agreeing to continue to take actions to strengthen their financial condition and operations, including requiring BankAtlantic to meet by June 30, 2011 and maintain a Tier 1/Core capital ratio of 8% and a Total Risk Based capital ratio of 14%. As reported herein, BankAtlantic exceeded these capital requirements at June 30, 2011, and both BankAtlantic and BankAtlantic Bancorp are in full compliance with the Orders.

“Additionally, as previously disclosed, BankAtlantic Bancorp recently received positive resolutions in two shareholder suits. In re BankAtlantic Bancorp, Inc. Securities Litigation, on April 25, 2011, the United States District Court for the Southern District of Florida granted defendants’ post-trial motion for judgment as a matter of law and vacated the prior jury verdict, resulting in a judgment in favor of all defendants and claims. The plaintiffs are appealing the Court’s order setting aside the jury verdict. In D.W. Hugo vs. BankAtlantic Bancorp, etal, on July 13, 2011, the United States District Court for the Southern District of Florida granted final approval of the settlement, whereby the parties have exchanged releases and neither the individual defendants nor the Company will make any monetary payments.”

- - -

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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 OCC through Thrift Financial Reports, available to the public through the OCC and FDIC websites.

Additionally, copies of BankAtlantic Bancorp’s second quarter, 2011 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.

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 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 and offers extended weekday hours, Online Banking & Bill Pay, a 7-Day Customer Service Center, Change Exchange coin counters, as well as retail and business checking accounts. Member FDIC.

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, Inc. Contact Info:

Leo Hinkley, Investor and Corporate Communications Officer: 954- 940-5300

InvestorRelations@BankAtlanticBancorp.com

Sharon Lyn, V.P., Investor and Corporate Communications: 954-940-6383

CorpComm@BankAtlanticBancorp.com

BankAtlantic Media Contact:

Caren Berg, Boardroom Communications

(954) 370-8999

cberg@boardroompr.com

#  #  #

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

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“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, BankAtlantic’s 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 of the economy and real estate market values on the credit quality of our loans (including those held in the asset workout subsidiary of the Company); the risk that loan losses have not peaked and risks of additional charge-offs, impairments and required increases in our allowance for loan losses; the impact of regulatory proceedings and litigation including but not limited to proceedings and litigation relating to overdraft fees and tax certificates; risks associated with maintaining compliance with the Cease and Desist Orders entered into by the Company and BankAtlantic with the Office of Thrift Supervision, including risks that BankAtlantic will not maintain required capital levels, that compliance will adversely impact operations, and that failing to comply with regulatory mandates will result in the imposition of additional regulatory requirements and/or fines; 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 and our ability to raise capital; we may 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 and perceived trends 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 in 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, 2010, and the Quarterly Report on Form 10-Q for the quarter ended March 31, 2011. The Company cautions that the foregoing factors are not exclusive.

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Supplemental Financial Information

Second Quarter 2011

Release Date: July 27, 2011

This information is preliminary, unaudited and based on data available at the time of the release.

Table of Contents	Page
Consolidated BankAtlantic Bancorp, Inc. and Subsidiaries
Summary of Selected Financial Data (unaudited)		2
Consolidated Statement of Financial Condition (unaudited)		3
Consolidated Statements of Operations (unaudited)		4
Consolidated Average Balance Sheet (unaudited)		5
Nonperforming Assets and Credit Quality Statistics		6
Reconciliation of GAAP Financial Measures to Non-GAAP Measures		7
BankAtlantic (Bank Operations Business Segment)
Summary of Selected Financial Data (unaudited)		8
Condensed Statements of Operations (unaudited)		9
Condensed Statements of Financial Condition (unaudited)		10
Quarterly Average Balance Sheet – Yield/Rate Analysis		11
Year-to-Date Average Balance Sheet – Yield/Rate Analysis		12
Allowance for Loan Loss and Credit Quality		13
Delinquencies, Excluding Non-Accrual Loans, at Period-End		14
Loan Provision and Allowance for Loan Losses by Portfolio		14
Reconciliation of GAAP Financial Measures to Non-GAAP Measures		15
Parent Company Business Segment
Condensed Statements of Operations (unaudited)		16
Condensed Statements of Financial Condition (unaudited)		16
Allowance for Loan Loss and Credit Quality		16

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BankAtlantic Bancorp, Inc. and Subsidiaries

Summary of Selected Financial Data (unaudited)

			For the Three Months Ended															For the Six Months Ended
			6/30/2011			3/31/2011			12/31/2010			9/30/2010			6/30/2010			6/30/2011			6/30/2010
Earnings (in thousands):
Net income (loss) from continuing operations			$	23,401			(22,887	)		(45,795	)		(25,184	)		(51,250	)		514			(71,771	)
Net income (loss)			$	23,401			(22,887	)		(46,295	)		(25,184	)		(51,250	)		514			(71,771	)
Net income (loss) attributable to BankAtlantic Bancorp			$	23,111			(23,182	)		(46,554	)		(25,409	)		(51,489	)		(71	)		(72,218	)
Pre-tax core operating earnings — Non-GAAP	(note 1	)	$	5,295			7,210			4,269			7,871			3,927			12,505			15,030
Average Common Shares Outstanding (in thousands):
Basic				65,297			62,724			62,571			60,784			50,679			64,017			50,010
Diluted				65,297			62,724			62,571			60,784			50,679			64,017			50,010
Key Performance Ratios
Basic and diluted income (loss)
per share from continuing operations	(note 2	)	$	0.35			(0.37	)		(0.74	)		(0.42	)		(1.02	)		(0.00	)		(1.44	)
Basic and diluted income (loss) per share	(note 2	)	$	0.35			(0.37	)		(0.74	)		(0.42	)		(1.02	)		(0.00	)		(1.44	)
Return on average tangible assets from continuing operations	(note 3	)	%	2.18			(2.02	)		(4.06	)		(2.22	)		(4.46	)		0.02			(3.08	)
Return on average tangible equity from continuing operations	(note 3	)	%	(4,557.16	)		(1,152.71	)		(356.19	)		(138.75	)		(193.89	)		35.24			(123.20	)
Average Balance Sheet Data (in millions):
Assets			$	4,317			4,550			4,530			4,548			4,616			4,433			4,680
Tangible assets — Non-GAAP	(note 3	)	$	4,303			4,536			4,515			4,533			4,600			4,419			4,664
Loans, gross			$	2,956			3,123			3,360			3,513			3,627			3,039			3,713
Investments			$	1,046			1,118			883			748			648			1,082			626
Deposits and escrows			$	3,859			3,980			3,900			3,931			4,080			3,919			4,047
Equity			$	6			16			63			85			118			11			130
Tangible equity — Non-GAAP	(note 3	)	$	(2	)		8			51			73			106			3			117
Period End ($ in thousands)
Total loans, net			$	2,673,136			2,821,429			3,018,179			3,239,542			3,387,725
Total assets			$	3,863,864			4,470,629			4,509,433			4,527,736			4,655,600
Total equity			$	26,235			(8,729	)		14,744			64,082			77,466
Class A common shares outstanding				77,158,495			61,979,071			61,595,321			61,595,321			52,946,126
Class B common shares outstanding				975,225			975,225			975,225			975,225			975,225
Book value per share			$	0.34			(0.14	)		0.24			1.02			1.44
Tangible book value per share — Non-GAAP	(note 4	)	$	0.24			(0.26	)		0.10			0.84			1.20
High stock price for the quarter			$	1.03			1.33			1.59			1.85			3.28
Low stock price for the quarter			$	0.69			0.82			0.60			0.75			1.35
Closing stock price			$	0.95			0.92			1.15			0.80			1.40

Notes:

(1) Pre-tax core operating earnings excludes the gain on sale of Tampa branches, provision for loan losses, cost associated with debt redemption, provision for tax certificates, 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 accumulated other comprehensive loss, 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)

(in thousands)	June 30, 2011			December 31, 2010
ASSETS
Cash and due from depository institutions	$	112,300			97,930
Interest bearing deposits at federal reserve and other banks		318,437			455,538
Securities available for sale and derivatives (at fair value)		316,517			424,391
Investment securities (approximate fair value: $0 and $1,500)		—			1,500
Tax certificates, net of allowance of $8,526 and $8,811		66,211			89,789
Loans receivable, net of allowance for loan losses of $137,868 and $162,139		2,673,136			3,018,179
Loans held for sale (at lower of cost or fair value)		43,136			29,765
Federal Home Loan Bank stock, at cost which approximates fair value		31,614			43,557
Real estate held for sale		5,084			5,436
Real estate owned		79,704			74,488
Office properties and equipment, net		145,239			151,414
Goodwill and other intangible assets		13,965			14,569
Assets held for sale		1,768			37,334
Other assets		56,753			65,543
Total assets	$	3,863,864			4,509,433
LIABILITIES AND EQUITY
Liabilities:
Deposits
Demand	$	884,209			792,260
Savings		447,706			418,304
NOW		1,239,130			1,370,568
Money market		399,195			354,282
Certificates of deposit		454,279			616,454
Deposits held for sale		—			341,146
Total deposits		3,424,519			3,893,014
Advances from FHLB		—			170,000
Securities sold under agreements to repurchase		—			21,524
Short term borrowings		1,020			1,240
Subordinated debentures		22,000			22,000
Junior subordinated debentures		329,643			322,385
Liabilities held for sale		—			87
Other liabilities		60,447			64,440
Total liabilities		3,837,629			4,494,690
Equity:
Common stock		782			626
Additional paid-in capital		328,958			317,362
Accumulated deficit		(297,686	)		(297,615	)
Accumulated other comprehensive loss		(6,346	)		(6,088	)
Total BankAtlantic Bancorp stockholders’ equity		25,708			14,285
Noncontrolling interests		527			458
Total equity		26,235			14,743
Total liabilities and equity	$	3,863,864			4,509,433

3

BankAtlantic Bancorp, Inc. and Subsidiaries

Consolidated Statements of Operations (unaudited)

	For the Three Months Ended															For the Six Months Ended
(in thousands)	6/30/2011			3/31/2011			12/31/2010			9/30/2010			6/30/2010			6/30/2011			6/30/2010
INTEREST INCOME:
Interest and fees on loans	$	33,241			34,910			36,106			38,356			39,898			68,151			81,532
Interest on securities available for sale		2,374			2,597			2,815			2,847			2,714			4,971			6,359
Interest on tax certificates		1,043			1,410			1,544			2,837			514			2,453			2,870
Interest and dividends on investments		622			588			299			367			223			1,210			376
Total interest income		37,280			39,505			40,764			44,407			43,349			76,785			91,137
INTEREST EXPENSE:
Interest on deposits		3,975			4,367			4,556			4,877			6,021			8,342			13,078
Interest on advances from FHLB		38			115			144			106			1			153			959
Interest on short-term borrowed funds		3			6			7			8			7			9			15
Interest on debentures		4,080			4,008			4,007			4,107			3,891			8,088			7,682
Total interest expense		8,096			8,496			8,714			9,098			9,920			16,592			21,734
NET INTEREST INCOME		29,184			31,009			32,050			35,309			33,429			60,193			69,403
Provision for loan losses		10,709			27,812			40,643			24,410			48,553			38,521			79,308
NET INTEREST INCOME AFTER PROVISION		18,475			3,197			(8,593	)		10,899			(15,124	)		21,672			(9,905	)
NON-INTEREST INCOME:
Service charges on deposits		11,226			12,032			14,080			15,214			15,502			23,258			30,550
Other service charges and fees		6,886			7,191			7,528			7,495			7,739			14,077			15,117
Securities activities, net		(1,500	)		(24	)		(34	)		(552	)		312			(1,524	)		3,450
Gain on sale of Tampa branches		38,656			—			—			—			—			38,656			—
Other		3,742			4,008			3,091			5,204			2,970			7,750			5,870
Total non-interest income		59,010			23,207			24,665			27,361			26,523			82,217			54,987
NON-INTEREST EXPENSE:
Employee compensation and benefits		19,731			19,290			19,868			23,549			25,155			39,021			50,533
Occupancy and equipment		11,488			12,585			12,999			13,263			13,745			24,073			27,327
Advertising and business promotion		1,523			1,695			2,389			2,026			2,239			3,218			4,183
Professional fees		1,295			3,359			6,518			6,209			4,824			4,654			7,711
Check losses		663			299			705			763			521			962			953
Supplies and postage		955			902			1,052			983			921			1,857			1,919
Telecommunication		446			575			635			702			662			1,021			1,196
Cost associated with debt redemption		1,115			10			—			—			53			1,125			60
Provision for tax certificates		1,021			779			800			885			2,134			1,800			2,867
(Gain) loss on sale of real estate		(378	)		(453	)		663			(442	)		1,490			(831	)		1,386
Impairment, restructuring and exit activities		8,083			1,948			10,219			8,165			2,947			10,031			3,090
Other		8,142			8,301			8,280			7,304			7,958			16,443			15,538
Total non-interest expense		54,084			49,290			64,128			63,407			62,649			103,374			116,763
Income (loss) from continuing operations before income taxes		23,401			(22,886	)		(48,056	)		(25,147	)		(51,250	)		515			(71,681	)
Provision (benefit) for income taxes		—			1			(2,261	)		37			—			1			90
Income (loss) from continuing operations		23,401			(22,887	)		(45,795	)		(25,184	)		(51,250	)		514			(71,771	)
Discontinued operations		—			—			(500	)		—			—			—			—
Net income (loss)		23,401			(22,887	)		(46,295	)		(25,184	)		(51,250	)		514			(71,771	)
Less: net income attributable to noncontrolling interest		(290	)		(295	)		(259	)		(225	)		(239	)		(585	)		(447	)
Net income (loss) attributable to BankAtlantic Bancorp	$	23,111			(23,182	)		(46,554	)		(25,409	)		(51,489	)		(71	)		(72,218	)

4

BankAtlantic Bancorp, Inc. and Subsidiaries

Consolidated Average Balance Sheet (unaudited)

			For the Three Months Ended
(in thousands except percentages and per share data)			6/30/2011			3/31/2011			12/31/2010			9/30/2010			6/30/2010
Loans:
Residential real estate			$	1,093,487			1,175,875			1,270,095			1,356,748			1,433,322
Commercial real estate				834,114			891,043			1,010,148			1,061,918			1,079,760
Consumer				605,062			620,986			635,564			653,631			670,173
Commercial business				125,116			134,452			139,485			133,841			135,689
Small business				298,338			300,931			304,406			306,927			308,254
Total Loans				2,956,117			3,123,287			3,359,698			3,513,065			3,627,198
Investments				1,046,442			1,117,901			882,974			748,299			648,462
Total interest earning assets				4,002,559			4,241,188			4,242,672			4,261,364			4,275,660
Goodwill and core deposit intangibles				14,125			14,411			14,718			15,028			15,353
Other non-interest earning assets				300,615			294,489			272,805			271,950			324,727
Total assets			$	4,317,299			4,550,088			4,530,195			4,548,342			4,615,740
Tangible assets — Non-GAAP	(note 3	)	$	4,303,174			4,535,677			4,515,477			4,533,314			4,600,387
Deposits:
Demand deposits			$	952,411			944,956			924,035			907,294			916,131
Savings				478,628			468,673			448,942			444,981			445,686
NOW				1,412,720			1,519,105			1,476,258			1,484,558			1,525,475
Money market				408,653			389,155			406,781			404,406			386,712
Certificates of deposit				606,292			658,051			644,124			689,664			805,656
Total deposits				3,858,704			3,979,940			3,900,140			3,930,903			4,079,660
Short-term borrowed funds				10,868			19,191			18,099			26,187			25,528
FHLB advances				42,747			134,833			149,130			106,685			1,264
Debentures				348,540			344,971			341,409			340,230			334,507
Total borrowings				402,155			498,995			508,638			473,102			361,299
Other liabilities				50,635			55,040			58,015			59,207			57,152
Total liabilities				4,311,494			4,533,975			4,466,793			4,463,212			4,498,111
Equity				5,805			16,113			63,402			85,130			117,629
Total liabilities and equity			$	4,317,299			4,550,088			4,530,195			4,548,342			4,615,740
Other comprehensive loss in equity				(6,266	)		(6,240	)		(2,743	)		(2,499	)		(3,454	)
Tangible equity — Non-GAAP	(note 3	)	$	(2,054	)		7,942			51,427			72,601			105,730
Net Interest Margin				2.92	%		2.92	%		3.03	%		3.32	%		3.13	%

5

Consolidated BankAtlantic Bancorp, Inc. and Subsidiaries

Nonperforming Assets and Credit Quality Statistics

(in thousands)	As of
	6/30/2011			3/31/2011			12/31/2010			9/30/2010			6/30/2010
Nonaccrual loans:
BankAtlantic	$	316,633			362,604			370,959			404,087			362,126
Parent- Work out Sub		9,360			11,360			14,508			19,916			24,358
Consolidated nonaccrual loans	$	325,993			373,964			385,467			424,003			386,484
Quarter-to-Date Net Charge-offs:
BankAtlantic	$	(26,564	)		(27,823	)		(57,688	)		(21,887	)		(32,547	)
Parent- Work out Sub		(1,329	)		4			(3,741	)		(4,438	)		(5,741	)
Consolidated charge-offs	$	(27,893	)		(27,819	)		(61,429	)		(26,325	)		(38,288	)
Quarter-to-date Loan Provision:
BankAtlantic	$	10,195			27,832			40,144			23,012			43,634
Parent- Work out Sub		515			(20	)		498			1,398			4,919
Consolidated loan provision	$	10,710			27,812			40,642			24,410			48,553
Allowance for Loan Loss:
BankAtlantic	$	137,868			154,237			161,309			181,760			180,635
Parent- Work out Sub		—			814			830			4,187			7,227
Consolidated allowance for loan loss	$	137,868			155,051			162,139			185,947			187,862
Nonperforming Assets:
BankAtlantic	$	390,449			432,316			438,923			464,865			410,542
Parent- Work out Sub		18,004			20,195			24,668			29,682			34,190
Consolidated nonperforming assets	$	408,453			452,511			463,591			494,547			444,732
Consolidated Credit Quality Statistics
Allowance for loan losses to total loans	%	4.90			5.21			5.10			5.43			5.25
Allowance to nonaccrual loans	%	42.29			41.46			42.06			43.86			48.61
Provision to average loans	%	1.45			3.56			4.84			2.78			5.35
Nonaccrual loans, gross to total assets	%	8.44			8.36			8.55			9.36			8.30
Nonperforming assets, gross to total assets	%	10.57			10.12			10.28			10.92			9.55

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 Three Months Ended															For the Six Months Ended
(in thousands)	6/30/2011			3/31/2011			12/31/2010			9/30/2010			6/30/2010			6/30/2011			6/30/2010
Income (loss) from continuing operations before income taxes	$	23,401			(22,886	)		(48,056	)		(25,147	)		(51,250	)		515			(71,681	)
Gain on sale of Tampa branches	$	(38,656	)		—			—			—			—			(38,656	)		—
Costs associated with debt redemption		1,115			10			—			—			53			1,125			60
Provision for tax certificates		1,021			779			800			885			2,134			1,800			2,867
Loss (gain) on sale of real estate		(378	)		(453	)		663			(442	)		1,490			(831	)		1,386
Impairment, restructuring and exit activities		8,083			1,948			10,219			8,165			2,947			10,031			3,090
Provision for loan losses		10,709			27,812			40,643			24,410			48,553			38,521			79,308
Non-GAAP pre-tax core operating earnings	$	5,295			7,210			4,269			7,871			3,927			12,505			15,030

Reconciliation of equity to tangible book value per share
	As of
(in thousands)	6/30/2011			3/31/2011			12/31/2010			9/30/2010			6/30/2010
Equity	$	26,235			(8,729	)		14,744			64,082			77,466
Goodwill and core deposit intangibles		(13,965	)		(14,260	)		(14,569	)		(14,877	)		(15,186	)
Other comprehensive loss		6,346			6,807			6,088			3,207			2,320
Tangible book value	$	18,616			(16,182	)		6,263			52,412			64,600
Common shares outstanding, period end		78,133,720			62,954,296			62,570,546			62,570,546			53,921,351
Book value per share	$	0.34			(0.14	)		0.24			1.02			1.44
Tangible book value per share — Non-GAAP	$	0.24			(0.26	)		0.10			0.84			1.20

Reconciliation of return on average assets and average equity to return on average tangible assets and average tangible equity
	For the Three Months Ended															For the Six Months Ended
(in thousands)	6/30/2011			3/31/2011			12/31/2010			9/30/2010			6/30/2010			6/30/2011			6/30/2010
Net income (loss) from continuing operations	$	23,401			(22,887	)		(45,795	)		(25,184	)		(51,250	)		514			(71,771	)
Average total assets		4,317,299			4,550,088			4,530,195			4,548,342			4,615,740			4,433,050			4,679,522
Average goodwill and core deposit intangibles		(14,125	)		(14,411	)		(14,718	)		(15,028	)		(15,353	)		(14,267	)		(15,501	)
Average tangible assets		4,303,174			4,535,677			4,515,477			4,533,314			4,600,387			4,418,783			4,664,021
Average equity		5,805			16,113			63,402			85,130			117,629			10,931			129,859
Average goodwill and core deposit intangibles		(14,125	)		(14,411	)		(14,718	)		(15,028	)		(15,353	)		(14,267	)		(15,501	)
Other comprehensive loss		6,266			6,240			2,743			2,499			3,454			6,253			2,157
Average tangible equity	$	(2,054	)		7,942			51,427			72,601			105,730			2,917			116,515
Return on average assets from continuing operations		2.17	%		-2.01	%		-4.04	%		-2.21	%		-4.44	%		0.02	%		-3.07	%
Return on average tangible assets from continuing operations — Non-GAAP		2.18	%		-2.02	%		-4.06	%		-2.22	%		-4.46	%		0.02	%		-3.08	%
Return on average equity from continuing operations		1612.47	%		-568.16	%		-288.92	%		-118.33	%		-174.28	%		9.40	%		-110.54	%
Return on average tangible equity from continuing operations — Non-GAAP		-4557.16	%		-1152.71	%		-356.19	%		-138.75	%		-193.89	%		35.24	%		-123.20	%

7

BankAtlantic (Bank Operations Business Segment)

Summary of Selected Financial Data (unaudited)

(in thousands except percentages)	For the Three Months Ended														For the Six Months Ended
	6/30/2011		3/31/2011			12/31/2010			9/30/2010			6/30/2010			6/30/2011		6/30/2010
Statistics:
Average interest earning assets	$	3,988,628		4,224,423			4,220,720			4,234,115			4,240,545			4,105,875		4,297,659
Average interest bearing liabilities	$	2,986,328		3,221,899			3,177,611			3,189,179			3,220,458			3,103,464		3,301,666
Period end borrowings to deposits and borrowings	%	0.67		2.15			5.50			5.76			4.13			0.67		4.13
Efficiency ratio	%	55.76		80.10			105.60			91.87			94.05			65.07		85.68
Yield on interest earning assets	%	3.73		3.73			3.86			4.19			4.08			3.73		4.23
Cost of interest-bearing liabilities	%	0.57		0.59			0.62			0.65			0.78			0.58		0.89
Interest spread	%	3.16		3.14			3.24			3.54			3.30			3.15		3.35
Net interest margin	%	3.30		3.28			3.40			3.70			3.49			3.29		3.55
Net income (loss)	$	30,677		(16,665	)		(41,502	)		(17,894	)		(40,109	)		14,012		(57,446	)
Non-GAAP Measures (Note 1)
Average tangible assets	$	4,258,843		4,495,637			4,473,959			4,489,189			4,544,611			4,376,587		4,606,253
Average tangible equity	$	277,639		282,135			319,982			338,712			356,572			279,875		361,726
Pre-tax core operating earnings	$	11,657		11,575			8,323			13,922			9,078			23,232		24,852
Core operating efficiency ratio	%	78.57		79.91			86.12			78.95			85.65			79.26		81.03
Return on average tangible assets	%	2.91		(1.46	)		(3.69	)		(1.57	)		(3.51	)		0.67		(2.47	)
Return on average tangible equity	%	44.61		(23.21	)		(51.56	)		(20.87	)		(44.73	)		10.43		(31.52	)
Tangible capital to tangible assets	%	8.06		5.80			6.12			7.08			7.29
Earning assets repricing at period end:
Percent of earning assets that have fixed rates	%	45		46			45			45			47
Percent of earning assets that have variable rates	%	55		54			55			55			53
Regulatory capital ratios and statistics at period end
Total risk-based capital	%	14.52		11.76			11.72			12.59			12.86
Tier I risk-based capital	%	12.38		9.68			9.68			10.59			10.87
Core capital	%	8.24		5.97			6.22			7.17			7.36
Risk-weighted assets	$	2,535,552		2,713,638			2,855,415			3,021,862			3,104,341
Adjusted total assets	$	3,807,960		4,401,218			4,444,797			4,459,875			4,584,519

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 Three Months Ended															For the Six Months Ended
(in thousands)	6/30/2011			3/31/2011			12/31/2010			9/30/2010			6/30/2010			6/30/2011			6/30/2010
Net interest income	$	32,977			34,704			35,766			39,101			37,008			67,681			76,467
Provision for loan losses		10,195			27,832			40,145			23,012			43,634			38,027			75,668
Net interest income after provision for loan losses		22,782			6,872			(4,379	)		16,089			(6,626	)		29,654			799
Non-interest income
Service charges on deposits		11,226			12,032			14,080			15,214			15,502			23,258			30,550
Other service charges and fees		6,886			7,191			7,528			7,495			7,739			14,077			15,117
Securities activities, net		—			(24	)		(34	)		(543	)		309			(24	)		3,441
Gain on sale of Tampa branches		38,656			—			—			—			—			38,656			—
Other non-interest income		3,306			3,714			2,625			4,869			2,721			7,020			5,420
Total non-interest income		60,074			22,913			24,199			27,035			26,271			82,987			54,528
Non-interest expense
Employee compensation and benefits		19,218			18,763			20,028			22,475			24,254			37,981			48,628
Occupancy and equipment		11,488			12,585			12,996			13,263			13,745			24,073			27,326
Advertising and business promotion		1,435			1,669			2,333			1,917			2,121			3,104			4,055
Professional fees		530			2,981			5,638			4,942			4,220			3,511			6,785
Check losses		663			299			705			763			521			962			953
Supplies and postage		879			870			1,024			929			895			1,749			1,860
Telecommunication		444			572			632			697			655			1,016			1,184
Cost associated with debt redemption		1,115			10			—			—			53			1,125			60
Provision for tax certificates		1,021			779			800			885			2,134			1,800			2,867
(Gain) loss on sale of real estate		(362	)		(278	)		663			(442	)		880			(640	)		776
Impairment, restructuring and exit activities		7,377			(399	)		10,219			8,099			2,247			6,978			2,390
Other		8,081			8,303			8,286			7,228			7,790			16,384			15,352
Total non-interest expense		51,889			46,154			63,324			60,756			59,515			98,043			112,236
Income (loss) from bank operations business segment before income taxes		30,967			(16,369	)		(43,504	)		(17,632	)		(39,870	)		14,598			(56,909	)
Provision (benefit) for income taxes		—			1			(2,261	)		37			—			1			90
Net income (loss) from bank operations business segment		30,967			(16,370	)		(41,243	)		(17,669	)		(39,870	)		14,597			(56,999	)
Less: net income attributable to noncontrolling interest		(290	)		(295	)		(259	)		(225	)		(239	)		(585	)		(447	)
Net income (loss) attributable to BankAtlantic	$	30,677			(16,665	)		(41,502	)		(17,894	)		(40,109	)		14,012			(57,446	)

9

BankAtlantic (Bank Operations Business Segment)

Condensed Statements of Financial Condition (unaudited)

	As of
(in thousands)	6/30/2011		3/31/2011		12/31/2010		9/30/2010		6/30/2010
ASSETS
Cash and interest bearing deposits in other banks	$	430,544		749,355		552,913		337,105		454,245
Loans receivable, net		2,665,731		2,813,097		3,009,771		3,218,097		3,361,772
Loans held for sale (lower of cost or fair value)		38,567		44,542		21,704		2,839		5,861
Investment securities		66,211		77,837		89,814		104,776		140,369
Available for sale securities		316,508		376,034		424,360		446,591		275,065
FHLB stock		31,614		43,557		43,557		45,259		48,751
Goodwill		13,081		13,081		13,081		13,081		13,081
Core deposit intangible asset		884		1,179		1,488		1,796		2,105
Assets held for sale		1,768		36,909		37,333		37,209		—
Other assets		266,563		268,975		275,147		278,723		310,033
Total assets	$	3,831,471		4,424,566		4,469,168		4,485,476		4,611,282
LIABILITIES AND EQUITY
Deposits
Demand	$	887,856		879,820		792,260		809,830		902,486
Savings		447,706		452,533		418,304		411,612		442,142
NOW		1,239,130		1,307,041		1,370,568		1,288,792		1,496,369
Money market		399,195		366,968		354,282		386,091		397,313
Certificates of deposit		454,279		609,538		616,454		601,956		749,948
Deposits held for sale		—		390,432		341,146		339,360		—
Total deposits		3,428,166		4,006,332		3,893,014		3,837,641		3,988,258
Advances from Federal Home Loan Bank		—		45,000		170,000		180,000		115,000
Short term borrowings		1,020		20,909		34,435		32,666		34,685
Subordinated debentures		22,000		22,000		22,000		22,000		22,000
Liabilities held for sale		—		79		87		100		—
Other liabilities		58,768		60,178		62,526		81,452		100,904
Total liabilities		3,509,954		4,154,498		4,182,062		4,153,859		4,260,847
Equity		321,517		270,068		287,106		331,617		350,435
Total liabilities and equity	$	3,831,471		4,424,566		4,469,168		4,485,476		4,611,282

10

BankAtlantic (Bank Operations Business Segment)

Average Balance Sheet — Yield / Rate Analysis

	For the Three Months Ended
	June 30, 2011							June 30, 2010
(in thousands)	Average Balance		Revenue/ Expense		Yield/ Rate			Average Balance		Revenue/ Expense		Yield/ Rate
Loans:
Residential real estate	$	1,093,487		12,956		4.74	%	$	1,433,322		17,807		4.97	%
Commercial real estate		821,710		8,613		4.19			1,045,831		10,275		3.93
Consumer		605,062		4,493		2.97			670,173		4,829		2.88
Commercial business		123,599		2,496		8.08			134,153		2,108		6.29
Small business		298,338		4,626		6.20			308,254		4,820		6.25
Total loans		2,942,196		33,184		4.51			3,591,733		39,839		4.44
Investments		1,046,432		4,037		1.54			648,812		3,432		2.12
Total interest earning assets		3,988,628		37,221		3.73	%		4,240,545		43,271		4.08	%
Goodwill and core deposit intangibles		14,125							15,353
Other non-interest earning assets		270,215							304,066
Total Assets	$	4,272,968						$	4,559,964
Deposits:
Savings	$	478,628		258		0.22	%	$	445,686		271		0.24	%
NOW		1,412,720		1,295		0.37			1,525,475		1,786		0.47
Money market		408,653		526		0.52			386,712		630		0.65
Certificates of deposit		606,291		1,896		1.25			805,656		3,334		1.66
Total interest bearing deposits		2,906,292		3,975		0.55			3,163,529		6,021		0.76
Short-term borrowed funds		15,289		5		0.13			33,665		10		0.12
Advances from FHLB		42,747		38		0.36			1,264		1		0.32
Subordinated debentures and bonds payable		22,000		226		4.12			22,000		231		4.21
Total interest bearing liabilities		2,986,328		4,244		0.57			3,220,458		6,263		0.78
Demand deposits		952,444							916,105
Non-interest bearing other liabilities		48,698							54,929
Total Liabilities		3,987,470							4,191,492
Equity		285,498							368,472
Total liabilities and equity	$	4,272,968						$	4,559,964
Net interest income/net interest spread				32,977		3.16	%				37,008		3.30	%
Margin
Interest income/interest earning assets						3.73	%						4.08	%
Interest expense/interest earning assets						0.43							0.59
Net interest margin						3.30	%						3.49	%

11

BankAtlantic (Bank Operations Business Segment)

Average Balance Sheet — Yield / Rate Analysis

	For the Six Months Ended
	June 30, 2011							June 30, 2010
(in thousands)	Average Balance		Revenue/ Expense		Yield/ Rate			Average Balance		Revenue/ Expense		Yield/ Rate
Loans:
Residential real estate	$	1,134,454		26,850		4.73	%	$	1,473,091		36,708		4.98	%
Commercial real estate		848,618		18,114		4.27			1,074,047		21,118		3.93
Consumer		612,980		9,020		2.94			679,123		9,729		2.87
Commercial business		128,232		4,747		7.40			136,219		4,199		6.17
Small business		299,627		9,313		6.22			308,898		9,663		6.26
Total loans		3,023,911		68,044		4.50			3,671,378		81,417		4.44
Investments		1,081,964		8,597		1.59			626,281		9,569		3.06
Total interest earning assets		4,105,875		76,641		3.73	%		4,297,659		90,986		4.23	%
Goodwill and core deposit intangibles		14,267							15,501
Other non-interest earning assets		270,712							308,594
Total Assets	$	4,390,854						$	4,621,754
Deposits:
Savings	$	473,678		530		0.23	%	$	435,517		604		0.28	%
NOW		1,465,619		2,807		0.39			1,496,450		4,004		0.54
Money market		398,958		968		0.49			373,664		1,259		0.68
Certificates of deposit		632,028		4,036		1.29			850,615		7,211		1.71
Total deposits		2,970,283		8,341		0.57			3,156,246		13,078		0.84
Short-term borrowed funds		22,645		15		0.13			36,505		23		0.13
Advances from FHLB		88,536		153		0.35			86,663		959		2.23
Long-term debt		22,000		451		4.13			22,252		459		4.16
Total interest bearing liabilities		3,103,464		8,960		0.58			3,301,666		14,519		0.89
Demand deposits		948,717							890,391
Non-interest bearing other liabilities		50,784							54,626
Total Liabilities		4,102,965							4,246,683
Stockholder’s equity		287,889							375,071
Total liabilities and stockholder’s equity	$	4,390,854						$	4,621,754
Net interest income/net interest spread				67,681		3.15	%				76,467		3.35	%
Margin
Interest income/interest earning assets						3.73	%						4.23	%
Interest expense/interest earning assets						0.44							0.68
Net interest margin						3.29	%						3.55	%

12

BankAtlantic (Bank Operations Business Segment)

Allowance for Loan Loss and Credit Quality

(in thousands)	For the Three Months Ended															For the Six Months Ended
	6/30/2011			3/31/2011			12/31/2010			9/30/2010			6/30/2010			6/30/2011			6/30/2010
Allowance for Loan Losses
Beginning balance	$	154,237			161,309			181,760			180,635			169,548			161,309			173,588
Charge-offs:
Residential real estate		(5,767	)		(8,011	)		(4,272	)		(4,619	)		(5,233	)		(13,778	)		(9,414	)
Commercial real estate		(13,546	)		(11,277	)		(44,979	)		(5,969	)		(14,146	)		(24,823	)		(35,478	)
Commercial business		(124	)		(464	)		(996	)		—			—			(588	)		—
Consumer		(6,379	)		(7,814	)		(7,009	)		(9,881	)		(11,822	)		(14,193	)		(22,593	)
Small business		(2,010	)		(2,611	)		(2,409	)		(2,402	)		(2,225	)		(4,621	)		(3,062	)
Total charge-offs		(27,826	)		(30,177	)		(59,665	)		(22,871	)		(33,426	)		(58,003	)		(70,547	)
Recoveries:
Residential real estate		435			131			284			383			435			566			499
Commercial real estate		75			714			1,210			—			65			789			127
Commercial business		57			791			57			—			1			848			659
Consumer		492			408			300			294			254			900			448
Small business		203			310			126			307			124			513			193
Total recoveries		1,262			2,354			1,977			984			879			3,616			1,926
Net charge-offs		(26,564	)		(27,823	)		(57,688	)		(21,887	)		(32,547	)		(54,387	)		(68,621	)
Transfer to held for sale		—			(7,081	)		(2,907	)		—			—			(7,081	)		—
Provision for loan losses		10,195			27,832			40,144			23,012			43,634			38,027			75,668
Ending balance	$	137,868			154,237			161,309			181,760			180,635			137,868			180,635

	As of
	6/30/2011		3/31/2011		12/31/2010		9/30/2010		6/30/2010
Credit Quality
Nonaccrual loans
Commercial real estate	$	190,909		239,798		243,299		275,057		230,007
Consumer		14,614		13,231		14,120		13,282		13,818
Small business		11,990		12,172		10,879		10,995		12,248
Residential real estate		82,022		81,555		86,538		87,563		83,894
Commercial business		17,098		15,848		16,123		17,190		22,159
Total Nonaccrual loans		316,633		362,604		370,959		404,087		362,126
Nonaccrual tax certificates		2,756		3,402		3,636		2,761		2,836
Real estate owned		71,060		66,310		64,328		58,017		45,492
Other repossessed assets		—		—		—		—		88
Total nonperforming assets	$	390,449		432,316		438,923		464,865		410,542
Allowance for loan losses to total loans	%	4.92		5.20		5.08		5.34		5.08
Allowance to nonaccrual loans	%	43.54		42.54		43.48		44.98		49.88
Provision to average loans	%	1.39		3.58		4.81		2.64		4.86
Annualized net charge-offs to average loans	%	3.61		3.58		6.91		2.51		3.62
Nonaccrual loans to total assets	%	8.26		8.20		8.30		9.01		7.85
Nonperforming assets to total assets	%	10.19		9.77		9.82		10.36		8.90

13

BankAtlantic (Bank Operations Business Segment)

Delinquencies, Excluding Non-Accrual Loans, at Period-End

($ in thousands)	6/30/2011			3/31/2011			12/31/2010			9/30/2010			6/30/2010
Commercial real estate	$	—			1,400			31			14,317			7,537
Consumer		9,230			12,025			12,405			12,004			13,181
Small business		2,210			2,200			2,712			2,927			4,182
Residential real estate		16,060			20,528			23,053			17,946			18,472
Commercial business		338			19,552	***		—			—			—
Total BankAtlantic	$	27,838			55,705			38,201			47,194			43,372
	6/30/2011			3/31/2011			12/31/2010			9/30/2010			6/30/2010
Commercial real estate	%	—	*		0.17	*		0.00	*		1.43	*		0.72	*
Consumer	%	1.57			2.00			2.01			1.90			2.04
Small business	%	0.75			0.74			0.89			0.96			1.35
Residential real estate	%	1.51	**		1.83	**		1.88	**		1.37	**		1.32	**
Commercial business	%	0.28			15.36	***		—			—			—
Total BankAtlantic	%	0.99			1.86			1.20			1.39			1.23

* Excludes $0, $0, $0, $12.0 million and $1.2 million of Commercial Real Estate loans at June 30, 2011, March 31, 2011, December 31, 2010, September 30, 2010 and June 30, 2010, 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 2.63% and .83% and total BankAtlantic delinquencies would have been 1.75% and 1.26% at September 30, 2010 and June 30, 2010, respectively.

** Includes $973.4 million, $1.0 billion, $1.1 billion, $1.2 billion and $1.3 billion of purchased residential loans with delinquencies excluding non-accrual loans of 1.41%. 1.58%, 1.77%, 1.19% and 1.09% as of June 30, 2011, March 31, 2011, December 31, 2010, September 30, 2010 and June 30, 2010, respectively.

*** Amount represents a loan relationship that is 59 days past due as to maturity and is in the process of renewal.

BankAtlantic (Bank Operations Business Segment)

Loan Provision & Allowance for Loan Losses

($ in thousands)	2Q 2011 Loan Provision		Allowance for Loan Losses		% of Reserves to Total Loans
Commercial real estate	$	3,422		68,279		8.98	%
Consumer		3,375		24,998		4.27
Small business		1,535		9,853		3.34
Residential real estate		1,487		23,721		2.23
Commercial business		376		11,017		9.25
Total BankAtlantic	$	10,195		137,868		4.92	%

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

	For the Three Months Ended															For the Six Months Ended
(in thousands)	6/30/2011			3/31/2011			12/31/2010			9/30/2010			6/30/2010			6/30/2011			6/30/2010
Income (loss) from bank operations business segment before income taxes	$	30,967			(16,369	)		(43,504	)		(17,632	)		(39,870	)		14,598			(56,909	)
Gain on sale of Tampa branches		(38,656	)		—			—			—			—			(38,656	)		—
Costs associated with debt redemption		1,115			10			—			—			53			1,125			60
Provision for tax certificates		1,021			779			800			885			2,134			1,800			2,867
Loss (gain) on sale of real estate		(362	)		(278	)		663			(442	)		880			(640	)		776
Impairment, restructuring and exit activities		7,377			(399	)		10,219			8,099			2,247			6,978			2,390
Provision for loan losses		10,195			27,832			40,145			23,012			43,634			38,027			75,668
Non-GAAP pre-tax core operating earnings	$	11,657			11,575			8,323			13,922			9,078			23,232			24,852

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

	For the Three Months Ended															For the Six Months Ended
($ in thousands)	6/30/2011			3/31/2011			12/31/2010			9/30/2010			6/30/2010			6/30/2011			6/30/2010
Non-interest expense	$	51,889			46,154			63,324			60,756			59,515			98,043			112,236
Costs associated with debt redemption		(1,115	)		(10	)		—			—			(53	)		(1,125	)		(60	)
Provision for tax certificates		(1,021	)		(779	)		(800	)		(885	)		(2,134	)		(1,800	)		(2,867	)
Gain (loss) on sale of real estate		362			278			(663	)		442			(880	)		640			(776	)
Impairment, restructuring and exit activities		(7,377	)		399			(10,219	)		(8,099	)		(2,247	)		(6,978	)		(2,390	)
FDIC special assessment		—			—			—			—			—			—			—
Core expenses	$	42,738			46,042			51,642			52,214			54,201			88,780			106,143
Net interest income		32,977			34,704			35,766			39,101			37,008			67,681			76,467
Non-interest income		60,074			22,913			24,199			27,035			26,271			82,987			54,528
Gain on sale of Tampa branches		(38,656	)		—			—			—			—			(38,656	)		—
Core non-interest income		21,418			22,913			24,199			27,035			26,271			44,331			54,528
Total revenues	$	54,395		$	57,617		$	59,965		$	66,136		$	63,279		$	112,012		$	130,995
Non-GAAP core operating efficiency ratio		78.57	%		79.91	%		86.12	%		78.95	%		85.65	%		79.26	%		81.03	%

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

	For the Three Months Ended															For the Six Months Ended
($ in thousands)	6/30/2011			3/31/2011			12/31/2010			9/30/2010			6/30/2010			6/30/2011			6/30/2010
Net income (loss) from bank operations business segment	$	30,967			(16,370	)		(41,243	)		(17,669	)		(39,870	)		14,597			(56,999	)
Average total assets		4,272,968			4,510,048			4,488,677			4,504,217			4,559,964			4,390,854			4,621,754
Average goodwill and core deposit intangibles		(14,125	)		(14,411	)		(14,718	)		(15,028	)		(15,353	)		(14,267	)		(15,501	)
Average tangible assets		4,258,843			4,495,637			4,473,959			4,489,189			4,544,611			4,376,587			4,606,253
Average equity		285,498			290,307			331,957			351,241			368,472			287,889			375,071
Average goodwill and core deposit intangibles		(14,125	)		(14,411	)		(14,718	)		(15,028	)		(15,353	)		(14,267	)		(15,501	)
Other comprehensive loss		6,266			6,239			2,743			2,499			3,453			6,253			2,156
Average tangible equity	$	277,639			282,135			319,982			338,712			356,572			279,875			361,726
Return on average assets from continuing operations		2.90	%		-1.45	%		-3.68	%		-1.57	%		-3.50	%		0.66	%		-2.47	%
Return on average tangible assets from continuing operations—Non-GAAP		2.91	%		-1.46	%		-3.69	%		-1.57	%		-3.51	%		0.67	%		-2.47	%
Return on average equity from continuing operations		43.39	%		-22.56	%		-49.70	%		-20.12	%		-43.28	%		10.14	%		-30.39	%
Return on average tangible equity from continuing operations—Non-GAAP		44.61	%		-23.21	%		-51.56	%		-20.87	%		-44.73	%		10.43	%		-31.52	%

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

	As of
($ in thousands)	6/30/2011			3/31/2011			12/31/2010			9/30/2010			6/30/2010
Equity	$	321,517			270,068			287,106			331,617			350,435
Goodwill and core deposit intangibles		(13,965	)		(14,260	)		(14,569	)		(14,877	)		(15,186	)
Total tangible capital		307,552			255,808			272,537			316,740			335,249
Total assets		3,831,471			4,424,566			4,469,168			4,485,476			4,611,282
Goodwill and core deposit intangibles		(13,965	)		(14,260	)		(14,569	)		(14,877	)		(15,186	)
Total tangible assets	$	3,817,506		$	4,410,306		$	4,454,599		$	4,470,599		$	4,596,096
Non-GAAP tangible capital to tangible assets		8.06	%		5.80	%		6.12	%		7.08	%		7.29	%

Reconciliation of total deposits to core deposits

	As of
(in thousands)	6/30/2011			3/31/2011			12/31/2010			9/30/2010			6/30/2010
Total deposits	$	3,428,166			4,006,332			3,893,014			3,837,641			3,988,258
Non-core deposits held for sale		—			(75,813	)		(75,010	)		(78,088	)		—
Money market		(399,195	)		(366,968	)		(354,282	)		(386,091	)		(397,313	)
Certificates of deposit		(454,279	)		(609,538	)		(616,454	)		(601,956	)		(749,948	)
Core deposits		2,574,692			2,954,013			2,847,268			2,771,506			2,840,997

15

Parent Company Business Segment

Condensed Statements of Operations (unaudited)

	For the Three Months Ended															For the Six Months Ended
(in thousands)	6/30/2011			3/31/2011			12/31/2010			9/30/2010			6/30/2010			6/30/2011			6/30/2010
Net interest expense	$	(3,794	)		(3,695	)		(3,716	)		(3,792	)		(3,579	)		(7,489	)		(7,064	)
Provision (recovery) for loan losses		515			(20	)		498			1,398			4,919			495			3,640
Net interest expense after provision for loan losses		(4,309	)		(3,675	)		(4,214	)		(5,190	)		(8,498	)		(7,984	)		(10,704	)
Non-interest income
Income from unconsolidated subsidiaries		432			381			335			293			237			813			426
Securities activities, net		(1,500	)		—			—			(9	)		3			(1,500	)		9
Other		317			209			431			292			271			526			534
Non-interest income		(751	)		590			766			576			511			(161	)		969
Non-interest expense
Employee compensation and benefits		512			527			(160	)		1,074			901			1,039			1,905
Advertising and business promotion		88			26			56			109			118			114			128
Professional fees		765			378			881			1,267			604			1,143			926
(Gain)/loss on sale of real estate		(16	)		(175	)		—			—			610			(191	)		610
Impairment of real estate owned		706			2,347			—			66			700			3,053			700
Other		451			329			328			385			460			780			768
Non-interest expense		2,506			3,432			1,105			2,901			3,393			5,938			5,037
Loss from parent company activities before income taxes		(7,566	)		(6,517	)		(4,553	)		(7,515	)		(11,380	)		(14,083	)		(14,772	)
Provision (benefit) for income taxes		—			—			—			—			—			—			—
Net loss from parent company business segment	$	(7,566	)		(6,517	)		(4,553	)		(7,515	)		(11,380	)		(14,083	)		(14,772	)

Parent Company Business Segment

Condensed Statements of Financial Condition — Unaudited

	As of
(in thousands)	6/30/2011		3/31/2011			12/31/2010		9/30/2010		6/30/2010
ASSETS
Cash	$	3,839		13,112			12,226		12,240		8,395
Securities		9		1,508			1,507		1,508		1,508
Investment in subsidiaries		341,498		291,616			313,319		359,368		379,776
Investment in unconsolidated subsidiaries		11,174		10,742			10,361		10,027		9,733
Other assets		188		882			945		1,635		2,430
Total assets	$	356,708		317,860			338,358		384,778		401,842
LIABILITIES AND STOCKHOLDERS’ EQUITY
Subordinated debentures and notes payable	$	329,643		325,974			322,385		318,802		315,160
Other liabilities		1,357		1,123			1,687		2,314		9,632
Total liabilities		331,000		327,097			324,072		321,116		324,792
Stockholders’ equity		25,708		(9,237	)		14,286		63,662		77,050
Total liabilities and stockholders’ equity	$	356,708		317,860			338,358		384,778		401,842

Parent Company Business Segment

Allowance for Loan Loss and Credit Quality

Parent Company and Work-out Subsidiary (in thousands)	For the Three Months Ended															For the Six Months Ended
	6/30/2011			3/31/2011			12/31/2010			9/30/2010			6/30/2010			6/30/2011			6/30/2010
Allowance for Loan Losses
Beginning balance	$	814			830			4,187			7,227			8,049			830			13,630
Net charge-offs		(1,329	)		4			(3,741	)		(4,438	)		(5,741	)		(1,325	)		(10,043	)
Transfer to held for sale		—			—			(114	)		—			—			—			—
Provision (recovery) for loan losses		515			(20	)		498			1,398			4,919			495			3,640
Ending balance	$	—			814			830			4,187			7,227			—			7,227

	As of
	6/30/2011		3/31/2011			12/31/2010			9/30/2010			6/30/2010
Credit Quality
Total Loans — gross	$	11,974		14,058			17,300			22,793			27,319
Nonaccrual loans	$	9,360		11,360			14,508			19,916			24,358
Specific reserves		—		(814	)		(830	)		(4,187	)		(7,227	)
Nonaccrual loans, net	$	9,360		10,546			13,678			15,729			17,131
Real estate owned		8,644		8,835			10,160			9,766			9,832
Total nonperforming assets	$	18,004		19,381			23,838			25,495			26,963

16

BankAtlantic (Bank Operations Business Segment)

Supplemental Graphs

Second Quarter 2011

Release Date: July 27, 2011

This information is preliminary, unaudited and based on data available at the time of the release.

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