cognaize/table-image-html-pairs · Datasets at Hugging Face

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Account number</td> <td>Beginning balance</td> <td>Total credits</td> <td>Total debits</td> <td>Ending balance</td> </tr> <tr> <td>3942987615</td> <td>$305,903.49</td> <td>$1,234,956.17</td> <td>-$1,220,305.55</td> <td>$320,554.11</td> </tr> </tbody> </table>	5ed64b7005986b00009e46a2	5e1c590bc72b7f002040aa38	1
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Effective date</td> <td>Posted date</td> <td>Amount</td> <td>Transaction detail</td> </tr> <tr> <td></td> <td>11/01</td> <td>200,000.00</td> <td>Goal Internation Tbktowells Nov 01 Summit Education Group</td> </tr> <tr> <td></td> <td>11/02</td> <td>23.97</td> <td>Square Inc 181102R2 181102 L210395738840 Globaled Solutions Inc</td> </tr> <tr> <td></td> <td>11/07</td> <td>300.00</td> <td>Efunds Corp Codhs Ebt 0005798659 McGuire, Samuel Lei</td> </tr> <tr> <td></td> <td>11/07</td> <td>300.00</td> <td>Efunds Corp Codhs Ebt 0005798660 Parker, Tabatha Marie</td> </tr> <tr> <td></td> <td>11/07</td> <td>300.00</td> <td>Efunds Corp Codhs Ebt 0005799005 Swenson, Tanisha Cecilia</td> </tr> <tr> <td></td> <td>11/07</td> <td>300.00</td> <td>Efunds Corp Codhs Ebt 0005799017 Judd, Ashley Nicole</td> </tr> <tr> <td></td> <td>11/07</td> <td>300.00</td> <td>Efunds Corp Codhs Ebt 0005799022 Gilfillan, Faye C</td> </tr> <tr> <td></td> <td>11/14</td> <td>192.85</td> <td>Square Inc 181114R2 181114 L210398446811 Globaled Solutions Inc</td> </tr> <tr> <td></td> <td>11/15</td> <td>300.00</td> <td>Efunds Corp Codhs Ebt 0005821151 Mathias, Cassandra Rae</td> </tr> <tr> <td></td> <td>11/19</td> <td>96.35</td> <td>Square Inc 181119R2 181119 L210399752055 Globaled Solutions Inc</td> </tr> <tr> <td></td> <td>11/23</td> <td>200,000.00</td> <td>Goal Internation Tbktowells Nov 23 Summit Education Group</td> </tr> <tr> <td></td> <td>11/26</td> <td>200,000.00</td> <td>Goal Internation Tbktowells Nov 26 Summit Education Group</td> </tr> <tr> <td></td> <td>11/27</td> <td>200,000.00</td> <td>Goal Internation Tbktowells Nov 27 Summit Education Group</td> </tr> <tr> <td></td> <td>11/28</td> <td>200,000.00</td> <td>Goal Internation Tbktowells Nov 28 Summit Education Group</td> </tr> <tr> <td></td> <td>11/29</td> <td>200,000.00</td> <td>Goal Internation Tbktowells Nov 29 Summit Education Group</td> </tr> <tr> <td></td> <td>11/30</td> <td>32,843.00</td> <td>Goal Internation Tbktowells Nov 30 Summit Education Group</td> </tr> <tr> <td colspan="3">$1,234,956.17</td> <td>Total electronic deposits/bank credits</td> </tr> <tr> <td colspan="3">$1,234,956.17</td> <td>Total credits</td> </tr> </tbody> </table>	5ed65023a2fb1900003b7960	5e1c590bc72b7f002040aa38	1
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Effective date</td> <td>Posted date 11/01</td> <td>Amount 3,035.00</td> <td>Transaction detail < Business to Business ACH Debit - Ignite Spot Acco Bill.Com 015Tyxdsaqwkjpt Ignite Spot Accounting - Inv #10817</td> </tr> <tr> <td></td> <td>11/02</td> <td>4,317.78</td> <td>< Business to Business ACH Debit - Liberty Mutual 802116530 181101 3567216 Globaled Solutions IN</td> </tr> <tr> <td></td> <td>11/02</td> <td>47,316.54</td> <td>< Business to Business ACH Debit - Umb Credit Servi Umbcard Summit Educatio Summit Education</td> </tr> <tr> <td></td> <td>11/05</td> <td>8,404.88</td> <td>WF Direct Pay-Payment- November 2018-Tran ID Dp43605923</td> </tr> <tr> <td></td> <td>11/06</td> <td>48.12</td> <td>Atmos Energy Sgl Util Pymt 004028064833 Summit Education</td> </tr> <tr> <td></td> <td>11/06</td> <td>57.92</td> <td>Atmos Energy Sgl Util Pymt 003049385921 Summit Education</td> </tr> <tr> <td></td> <td>11/06</td> <td>72.00</td> <td>< Business to Business ACH Debit - Payyourpeopletax Zenefits Znfts2351245</td> </tr> <tr> <td></td> <td>11/06</td> <td>161.12</td> <td>Summit Education Group < Business to Business ACH Debit - Payyourpeopletax Zenefits Znfts2352075 Summit Education Group</td> </tr> <tr> <td></td> <td>11/06</td> <td>972.44</td> <td>< Business to Business ACH Debit - Payyourpeopleprl Zenefits Znfts2352645 Summit Education Group</td> </tr> <tr> <td></td> <td>11/07</td> <td>7,897.32</td> <td>NW Trust Contrib 063-84852 Goal Intl, Inc, DBA Su</td> </tr> <tr> <td></td> <td>11/08</td> <td>30,754.00</td> <td>WF Direct Pay-Payment- Half of True Up Billing-Tran ID Dp43821349</td> </tr> <tr> <td></td> <td>11/09</td> <td>48.97</td> <td>Achma Visb Bill Pymnt 181108 5661946 Mark Enos</td> </tr> <tr> <td></td> <td>11/09</td> <td>75.00</td> <td>Boww-Pueblo Util-Pmnts 181108 6287191 Summit Education Grou</td> </tr> <tr> <td></td> <td>11/09</td> <td>82.98</td> <td>Xcel Energy-PSCO Xcelenergy 5300122831786 Globaled201811082Crm0J</td> </tr> <tr> <td></td> <td>11/09</td> <td>83.55</td> <td>Xcel Energy-PSCO Xcelenergy 5300110937368 Summit E201811083Rw6Q2</td> </tr> <tr> <td></td> <td>11/13</td> <td>668.34</td> <td>NW Trust Contrib 063-84852 Goal Intl, Inc, DBA Su</td> </tr> <tr> <td></td> <td>11/13</td> <td>2,689.13</td> <td>T-Mobile Fdc Paymen 181110 2170554 Summit Education Group</td> </tr> <tr> <td></td> <td>11/14</td> <td>131.78</td> <td>Xcel Energy-PSCO Xcelenergy 5300115287236 Summit E20181113Mykpj7</td> </tr> <tr> <td></td> <td>11/15</td> <td>2,412.50</td> <td>WF Direct Pay-Payment- SEP Oct Hours 2018-Tran ID Dp44260547</td> </tr> <tr> <td></td> <td>11/15</td> <td>4,192.07</td> <td>WF Direct Pay-Payment- Invoice 7863-Tran ID Dp44260545</td> </tr> <tr> <td></td> <td>11/15</td> <td>210.48</td> <td>< Business to Business ACH Debit - Secom Inc Tele Bill 111518 000000003825 Summit Education Group</td> </tr> <tr> <td></td> <td>11/15</td> <td>47,316.54</td> <td>< Business to Business ACH Debit - Umb Bank Payment 181114 2011 Account</td> </tr> <tr> <td></td> <td>11/16</td> <td>937.10</td> <td>Black Hills Enrg Util Bill 181115 8001242175 Summit Education Group</td> </tr> <tr> <td></td> <td>11/19</td> <td>41.79</td> <td>< Business to Business ACH Debit - Federal Express Debit 181116 MMA30710199 Summit Education Group</td> </tr> <tr> <td></td> <td>11/19</td> <td>75.47</td> <td>< Business to Business ACH Debit - Comotorveh CO.Go Comotorveh 303-534-3468 Globaled Solutions</td> </tr> <tr> <td></td> <td>11/20</td> <td>417.12</td> <td>< Business to Business ACH Debit - Zenefits 8883960078 B18323 812544921357 Globaled Solutions DBA</td> </tr> <tr> <td></td> <td>11/21</td> <td>1,100.00</td> <td>WF Direct Pay-Payment- Deposit for Student-Tran ID Dp44682077</td> </tr> <tr> <td></td> <td>11/23</td> <td>43.75</td> <td>Boww-Pueblo Util-Pmnts 181121 4323579 Summit Education Grou</td> </tr> <tr> <td></td> <td>11/23</td> <td>54.86</td> <td>Boww-Pueblo Util-Pmnts 181121 4323550 Summit Education Grou</td> </tr> <tr> <td></td> <td>11/23</td> <td>160.79</td> <td>Boww-Pueblo Util-Pmnts 181121 4323562 Summit Education Grou</td> </tr> <tr> <td></td> <td>11/26</td> <td>16,866.01</td> <td>< Business to Business ACH Debit - Umb Bank Payment 181123 2204 Account</td> </tr> <tr> <td></td> <td>11/27</td> <td>4,742.25</td> <td>< Business to Business ACH Debit - Pinnacol Assuran Payment 201811 1791613 Globaled Solutions</td> </tr> <tr> <td></td> <td>11/27</td> <td>2,102.74</td> <td>< Business to Business ACH Debit - Payyourpeopletax Zenefits Znfts2432526 Summit Education Group</td> </tr> </tbody> </table>	5ed650dba2fb1900003b7961	5e1c590bc72b7f002040aa38	2
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Effective date</td> <td>Posted date</td> <td>Amount</td> <td>Transaction detail</td> </tr> <tr> <td></td> <td>11/27</td> <td>7,202.50</td> <td>< Business to Business ACH Debit - Payyourpeopleprl Zenefits Znfts2431905 Summit Education Group</td> </tr> <tr> <td></td> <td>11/27</td> <td>99,583.22</td> <td>< Business to Business ACH Debit - Payyourpeopletax Zenefits Znfts2431947 Summit Education Group</td> </tr> <tr> <td></td> <td>11/27</td> <td>280,438.99</td> <td>< Business to Business ACH Debit - Payyourpeopleprl Zenefits Znfts2431271 Summit Education Group</td> </tr> <tr> <td></td> <td>11/28</td> <td>1,900.00</td> <td>WF Direct Pay-Payment- November 2018-Tran ID Dp44959049</td> </tr> <tr> <td></td> <td>11/28</td> <td>3,500.00</td> <td>WF Direct Pay-Payment- Rent-Tran ID Dp44959085</td> </tr> <tr> <td></td> <td>11/28</td> <td>3,900.00</td> <td>WF Direct Pay-Payment- Rent-Tran ID Dp44959083</td> </tr> <tr> <td></td> <td>11/28</td> <td>4,600.00</td> <td>WF Direct Pay-Payment- Rent-Tran ID Dp44959081</td> </tr> <tr> <td></td> <td>11/28</td> <td>149,461.76</td> <td>WF Direct Pay-Payment- Stock Purchase-Tran ID Dp44950361</td> </tr> <tr> <td></td> <td>11/28</td> <td>31,969.90</td> <td>< Business to Business ACH Debit - United Healthcar EDI Paymts 823670055252 3~Iea1181127131~</td> </tr> <tr> <td></td> <td>11/29</td> <td>247,500.00</td> <td>WF Direct Pay-Payment- Edmentum Payments 2018-2022-Tran ID Dp45065321</td> </tr> <tr> <td></td> <td>11/29</td> <td>4,110.00</td> <td>< Business to Business ACH Debit - Payyourpeopletax Zenefits Znfts2437757 Summit Education Group</td> </tr> <tr> <td></td> <td>11/29</td> <td>4,245.60</td> <td>< Business to Business ACH Debit - Payyourpeopletax Zenefits Znfts2437600 Summit Education Group</td> </tr> <tr> <td></td> <td>11/29</td> <td>5,141.60</td> <td>< Business to Business ACH Debit - Payyourpeopletax Zenefits Znfts2436921 Summit Education Group</td> </tr> <tr> <td></td> <td>11/29</td> <td>35,964.65</td> <td>< Business to Business ACH Debit - Payyourpeopletax Zenefits Znfts2438567 Summit Education Group</td> </tr> <tr> <td></td> <td>11/29</td> <td>38,984.42</td> <td>< Business to Business ACH Debit - Payyourpeopletax Zenefits Znfts2438083 Summit Education Group</td> </tr> <tr> <td></td> <td>11/30</td> <td>50,000.00</td> <td>Recurring Transfer to Globaled Solutions, Inc. Pbc Business Market Rate Savings Ref #Op05Gmf2Gt xxxxxx2446</td> </tr> <tr> <td colspan="3">$1,155,992.98</td> <td>Total electronic debits/bank debits</td> </tr> </tbody> </table>	5ed651e2a2fb1900003b7962	5e1c590bc72b7f002040aa38	3
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Number</td> <td>Amount</td> <td>Date</td> </tr> <tr> <td>4108</td> <td>1,481.00</td> <td>11/02</td> </tr> <tr> <td>4126 </td> <td>3,500.00</td> <td>11/06</td> </tr> <tr> <td>4131 </td> <td>246.22</td> <td>11/05</td> </tr> <tr> <td>4137 </td> <td>230.54</td> <td>11/20</td> </tr> <tr> <td></td> <td></td> <td></td> </tr> <tr> <td>4141 </td> <td>3,781.25</td> <td>11/26</td> </tr> <tr> <td>4142</td> <td>1,736.00</td> <td>11/26</td> </tr> <tr> <td></td> <td></td> <td></td> </tr> <tr> <td>4145</td> <td>200.00</td> <td>11/13</td> </tr> <tr> <td>4146</td> <td>6,000.00</td> <td>11/06</td> </tr> </tbody> </table>	5ed65273a2fb1900003b7963	5e1c590bc72b7f002040aa38	3
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Number</td> <td>Amount</td> <td>Date</td> </tr> <tr> <td>4147</td> <td>980.00</td> <td>11/06</td> </tr> <tr> <td>4148</td> <td>250.00</td> <td>11/06</td> </tr> <tr> <td>4149</td> <td>2,219.00</td> <td>11/09</td> </tr> <tr> <td>4150</td> <td>2,300.00</td> <td>11/16</td> </tr> <tr> <td>4151</td> <td>700.00</td> <td>11/05</td> </tr> <tr> <td>4152</td> <td>2,500.00</td> <td>11/07</td> </tr> <tr> <td>4154 *</td> <td>4,360.55</td> <td>11/07</td> </tr> <tr> <td>4155</td> <td>762.00</td> <td>11/02</td> </tr> <tr> <td>4156</td> <td>296.00</td> <td>11/02</td> </tr> <tr> <td>4157</td> <td>508.00</td> <td>11/02</td> </tr> </tbody> </table>	5ed652a9a2fb1900003b7964	5e1c590bc72b7f002040aa38	3
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Number</td> <td>Amount</td> <td>Date</td> </tr> <tr> <td>4158</td> <td>755.00</td> <td>11/02</td> </tr> <tr> <td>4159</td> <td>40.00</td> <td>11/02</td> </tr> <tr> <td>4161 </td> <td>73.83</td> <td>11/19</td> </tr> <tr> <td>4162</td> <td>1,324.46</td> <td>11/14</td> </tr> <tr> <td>4163</td> <td>14,312.00</td> <td>11/26</td> </tr> <tr> <td>4164</td> <td>200.00</td> <td>11/14</td> </tr> <tr> <td>4165</td> <td>137.74</td> <td>11/16</td> </tr> <tr> <td>4167 </td> <td>800.00</td> <td>11/21</td> </tr> <tr> <td>4168</td> <td>250.04</td> <td>11/16</td> </tr> <tr> <td>4169</td> <td>2,300.00</td> <td>11/19</td> </tr> </tbody> </table>	5ed652dda2fb1900003b7965	5e1c590bc72b7f002040aa38	3
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Date</td> <td>Balance</td> </tr> <tr> <td>10/31</td> <td>305,903.49</td> </tr> <tr> <td>11/01</td> <td>502,868.49</td> </tr> <tr> <td></td> <td></td> </tr> <tr> <td>11/05</td> <td>426,096.10</td> </tr> <tr> <td>11/06</td> <td>414,054.50</td> </tr> <tr> <td>11/07</td> <td>400,796.63</td> </tr> <tr> <td>11/08</td> <td>370,042.63</td> </tr> </tbody> </table>	5ed6531ea2fb1900003b7966	5e1c590bc72b7f002040aa38	4
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Date</td> <td>Balance</td> </tr> <tr> <td>11/09</td> <td>367,533.13</td> </tr> <tr> <td>11/13</td> <td>363,975.66</td> </tr> <tr> <td>11/14</td> <td>362,512.27</td> </tr> <tr> <td>11/15</td> <td>308,680.68</td> </tr> <tr> <td>11/16</td> <td>305,055.80</td> </tr> <tr> <td>11/19</td> <td>302,661.06</td> </tr> <tr> <td>11/20</td> <td>302,013.40</td> </tr> </tbody> </table>	5ed6535ea2fb1900003b7967	5e1c590bc72b7f002040aa38	4
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Date</td> <td>Balance</td> </tr> <tr> <td>11/21</td> <td>300,113.40</td> </tr> <tr> <td>11/23</td> <td>499,854.00</td> </tr> <tr> <td>11/26</td> <td>663,158.74</td> </tr> <tr> <td>11/27</td> <td>469,089.04</td> </tr> <tr> <td>11/28</td> <td>473,657.38</td> </tr> <tr> <td>11/29</td> <td>337,711.11</td> </tr> <tr> <td>11/30</td> <td>320,554.11</td> </tr> </tbody> </table>	5ed65387a2fb1900003b7968	5e1c590bc72b7f002040aa38	4
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Number</td> <td>Amount</td> <td>Date</td> </tr> <tr> <td>4173 *</td> <td>100.00</td> <td>11/28</td> </tr> </tbody> </table>	5ed6548ba2fb1900003b7969	5e1c590bc72b7f002040aa38	4
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Deposit Accounts</td> <td></td> <td></td> <td>Total Balance:</td> <td>$44,287.43</td> </tr> <tr> <td>Account Type</td> <td>Previous Balance</td> <td>Deposits</td> <td>Withdrawals</td> <td>Ending Balance</td> </tr> <tr> <td>Basic Business Checking (ID#01)</td> <td>34,310.35</td> <td>42,225.64</td> <td>32,253.71</td> <td>44,282.28</td> </tr> <tr> <td>Business Prime Share (ID#00)</td> <td>5.15</td> <td>0.00</td> <td>0.00</td> <td>5.15</td> </tr> <tr> <td>Loan Accounts</td> <td></td> <td></td> <td>Total Balance:</td> <td>$7,081.36</td> </tr> <tr> <td>Account Type</td> <td>Previous Balance</td> <td>Deposits</td> <td>Advances</td> <td>Ending Balance</td> </tr> <tr> <td>Business Line Of Credit (ID#29)</td> <td>7,081.36</td> <td>49.62</td> <td>0.00</td> <td>7,081.36</td> </tr> </tbody> </table>	5ed63ae1c977200000395669	5e1f16c6a29f93001375f5f5	1
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="3">PREVIOUS BALANCE: $34,310.35</td> </tr> <tr> <td>Tran Eff. Date Date Description</td> <td>Deposits</td> <td>Withdrawals</td> <td>Balance</td> </tr> <tr> <td>08/01 Deposit ACH STRIPE TYPE: TRANSFER ID: 1800948598 CO: STRIPE</td> <td>145.35</td> <td></td> <td>34,455.70</td> </tr> <tr> <td>08/02 Deposit ACH STRIPE TYPE: TRANSFER ID: 1800948598 CO: STRIPE</td> <td>191.66</td> <td></td> <td>34,647.36</td> </tr> <tr> <td>08/02 Withdrawal ACH GUSTO TYPE: FEE 149450 ID: 2453942850 CO: GUSTO</td> <td></td> <td>75.00</td> <td>34,572.36</td> </tr> <tr> <td>08/02 Withdrawal at ATM #821400006546 ATM GROUND KONTR-321326 511 NW COUCH ST PORTLAND OR P321326</td> <td></td> <td>27.50</td> <td>34,544.86</td> </tr> <tr> <td>08/02 Withdrawal Unitus Fee ATM GROUND KONTR-321326 511 NW COUCH ST PORTLAND OR P321326</td> <td></td> <td>2.00</td> <td>34,542.86</td> </tr> <tr> <td>08/03 Deposit ACH INTUIT PYMT SOLN TYPE: DEPOSIT ID: 9215986202 CO: INTUIT PYMT SOLN</td> <td>546.69</td> <td></td> <td>35,089.55</td> </tr> <tr> <td>08/06 Deposit ACH INTUIT PYMT SOLN TYPE: DEPOSIT ID: 9215986202 CO: INTUIT PYMT SOLN</td> <td>20.00</td> <td></td> <td>35,109.55</td> </tr> </tbody> </table>	5ed6438fbd6a2c0000121147	5e1f16c6a29f93001375f5f5	1
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Tran Date</td> <td>Eff. Date Description</td> <td>Deposits</td> <td>Withdrawals</td> <td>Balance</td> </tr> <tr> <td>08/16</td> <td>Withdrawal Unitus Fee ATM GROUND KONTR-321326 511 NW COUCH ST PORTLAND OR P321326</td> <td></td> <td>2.00</td> <td>36,948.52</td> </tr> <tr> <td>08/20</td> <td>Deposit ACH INTUIT PYMT SOLN TYPE: DEPOSIT ID: 9215986202 CO: INTUIT PYMT SOLN</td> <td>2,500.00</td> <td></td> <td>39,448.52</td> </tr> <tr> <td>08/20</td> <td>Withdrawal ACH APIntegoInsuranc TYPE: ACHTRANS ID: 1205135044 CO: APIntegoInsuranc</td> <td></td> <td>6.16</td> <td>39,442.36</td> </tr> <tr> <td>08/20</td> <td>Withdrawal Transfer To Loan 29</td> <td></td> <td>49.62</td> <td>39,392.74</td> </tr> <tr> <td>08/21</td> <td>Withdrawal ACH GUSTO TYPE: TAX 258010 ID: 1453942850 CO: GUSTO</td> <td></td> <td>2,126.45</td> <td>37,266.29</td> </tr> <tr> <td>08/21</td> <td>Withdrawal ACH GUSTO TYPE: NET 258008 ID: 1453942850 CO: GUSTO</td> <td></td> <td>5,424.46</td> <td>31,841.83</td> </tr> <tr> <td>08/22</td> <td>Deposit ACH STRIPE TYPE: TRANSFER ID: 1800948598 CO: STRIPE</td> <td>95.83</td> <td></td> <td>31,937.66</td> </tr> <tr> <td>08/22</td> <td>Deposit ACH Visiting Media L TYPE: Bill.com ID: 3204895317 CO: Visiting Media L</td> <td>11,000.00</td> <td></td> <td>42,937.66</td> </tr> <tr> <td>08/22</td> <td>Withdrawal ACH PAYPAL TYPE: INST XFER ID: PAYPALSI77 CO: PAYPAL</td> <td></td> <td>1,040.00</td> <td>41,897.66</td> </tr> <tr> <td>08/24</td> <td>Deposit ACH STRIPE TYPE: TRANSFER ID: 1800948598 CO: STRIPE</td> <td>193.90</td> <td></td> <td>42,091.56</td> </tr> <tr> <td>08/24</td> <td>Deposit ACH INTUIT PYMT SOLN TYPE: DEPOSIT ID: 9215986202 CO: INTUIT PYMT SOLN</td> <td>481.67</td> <td></td> <td>42,573.23</td> </tr> <tr> <td>08/27</td> <td>Withdrawal ACH APIntegoInsuranc TYPE: ACHTRANS ID: 1205135044 CO: APIntegoInsuranc</td> <td></td> <td>15.34</td> <td>42,557.89</td> </tr> <tr> <td>08/27</td> <td>Withdrawal ACH PAYPAL TYPE: INST XFER ID: PAYPALSI77 CO: PAYPAL</td> <td></td> <td>750.00</td> <td>41,807.89</td> </tr> <tr> <td>08/29</td> <td>Deposit ACH STRIPE TYPE: TRANSFER ID: 1800948598 CO: STRIPE</td> <td>258.36</td> <td></td> <td>42,066.25</td> </tr> <tr> <td>08/29</td> <td>Deposit by Check</td> <td>8,745.26</td> <td></td> <td>50,811.51</td> </tr> <tr> <td>08/30</td> <td>Deposit ACH STRIPE TYPE: TRANSFER ID: 1800948598 CO: STRIPE</td> <td>484.60</td> <td></td> <td>51,296.11</td> </tr> <tr> <td>08/30</td> <td>Withdrawal ACH GUSTO TYPE: TAX 285220 ID: 1453942850 CO: GUSTO</td> <td></td> <td>590.37</td> <td>50,705.74</td> </tr> <tr> <td>08/30</td> <td>Withdrawal ACH GUSTO TYPE: NET 285218 ID: 1453942850 CO: GUSTO</td> <td></td> <td>1,443.41</td> <td>49,262.33</td> </tr> <tr> <td>08/31</td> <td>Deposit ACH STRIPE TYPE: TRANSFER ID: 1800948598 CO: STRIPE</td> <td>145.35</td> <td></td> <td>49,407.68</td> </tr> </tbody> </table>	5ed64a1d1cfeeb00003ea83d	5e1f16c6a29f93001375f5f5	3
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Tran Date</td> <td>Eff. Date Description</td> <td>Deposits</td> <td>Withdrawals</td> <td>Balance</td> </tr> <tr> <td>08/06</td> <td>Deposit ACH INTUIT PYMT SOLN TYPE: DEPOSIT ID: 9215986202 CO: INTUIT PYMT SOLN</td> <td>64.20</td> <td></td> <td>35,173.75</td> </tr> <tr> <td>08/06</td> <td>Deposit by Check</td> <td>16,178.41</td> <td></td> <td>51,352.16</td> </tr> <tr> <td>08/07</td> <td>Withdrawal ACH GUSTO TYPE: TAX 176986 ID: 1453942850 CO: GUSTO</td> <td></td> <td>2,072.77</td> <td>49,279.39</td> </tr> <tr> <td>08/07</td> <td>Withdrawal ACH GUSTO TYPE: NET 176987 ID: 1453942850 CO: GUSTO</td> <td></td> <td>5,359.03</td> <td>43,920.36</td> </tr> <tr> <td>08/07</td> <td>Draft 1155</td> <td></td> <td>1,395.00</td> <td>42,525.36</td> </tr> <tr> <td>08/08</td> <td>Deposit ACH PAYPAL TYPE: TRANSFER ID: PAYPALSD11 CO: PAYPAL</td> <td>28.40</td> <td></td> <td>42,553.76</td> </tr> <tr> <td>08/08</td> <td>Deposit ACH STRIPE TYPE: TRANSFER ID: 1800948598 CO: STRIPE</td> <td>528.84</td> <td></td> <td>43,082.60</td> </tr> <tr> <td>08/08</td> <td>Draft 1156</td> <td></td> <td>400.00</td> <td>42,682.60</td> </tr> <tr> <td>08/13</td> <td>Deposit ACH STRIPE TYPE: TRANSFER ID: 1800948598 CO: STRIPE</td> <td>95.83</td> <td></td> <td>42,778.43</td> </tr> <tr> <td>08/13</td> <td>Withdrawal ACH CHASE CREDIT CRD TYPE: EPAY ID: 5760039224 CO: CHASE CREDIT CRD</td> <td></td> <td>3,000.00</td> <td>39,778.43</td> </tr> <tr> <td>08/13</td> <td>Withdrawal uOnline Transfer To BUCKINGHAM,JOHN XXXXXXXXXX Share 01 Shareholder Distribution</td> <td></td> <td>800.00</td> <td>38,978.43</td> </tr> <tr> <td>08/14</td> <td>Deposit ACH STRIPE TYPE: TRANSFER ID: 1800948598 CO: STRIPE</td> <td>19.12</td> <td></td> <td>38,997.55</td> </tr> <tr> <td>08/14</td> <td>Withdrawal ACH APIntegoInsuranc TYPE: ACHTRANS ID: 1205135044 CO: APIntegoInsuranc</td> <td></td> <td>21.26</td> <td>38,976.29</td> </tr> <tr> <td>08/14</td> <td>Withdrawal ACH GUSTO TYPE: TAX 200731 ID: 1453942850 CO: GUSTO</td> <td></td> <td>590.35</td> <td>38,385.94</td> </tr> <tr> <td>08/14</td> <td>Withdrawal ACH GUSTO TYPE: NET 200729 ID: 1453942850 CO: GUSTO</td> <td></td> <td>1,443.42</td> <td>36,942.52</td> </tr> <tr> <td>08/15</td> <td>Deposit ACH 2 Brothers Movin TYPE: Bill.com ID: 3204895317 CO: 2 Brothers Movin</td> <td>58.27</td> <td></td> <td>37,000.79</td> </tr> <tr> <td>08/15</td> <td>Withdrawal Transfer To BUCKINGHAM,JOHN XXXXXXXXXX Share 01</td> <td></td> <td>416.67</td> <td>36,584.12</td> </tr> <tr> <td>08/16</td> <td>Deposit ACH STRIPE</td> <td>193.90</td> <td></td> <td>36,778.02</td> </tr> <tr> <td>08/16</td> <td>TYPE: TRANSFER ID: 1800948598 CO: STRIPE Deposit ACH INTUIT PYMT SOLN TYPE: DEPOSIT ID: 9215986202 CO: INTUIT PYMT SOLN</td> <td>250.00</td> <td></td> <td>37,028.02</td> </tr> <tr> <td>08/16</td> <td>Withdrawal at ATM #822800007908 ATM GROUND KONTR-321326 511 NW COUCH ST PORTLAND OR P321326</td> <td></td> <td>77.50</td> <td>36,950.52</td> </tr> </tbody> </table>	5ed645f31cfeeb00003ea83c	5e1f16c6a29f93001375f5f5	2
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Tran Date</td> <td>Eff. Date Description Deposits</td> <td>Withdrawals</td> <td>Balance</td> </tr> <tr> <td>08/31</td> <td>Withdrawal ACH CenturyLink TYPE: Payment ID: 3157909001 CO: CenturyLink</td> <td>125.40</td> <td>49,282.28</td> </tr> <tr> <td>08/31</td> <td>Withdrawal ACH CHASE CREDIT CRD TYPE: EPAY ID: 5760039224 CO: CHASE CREDIT CRD</td> <td>5,000.00</td> <td>44,282.28</td> </tr> <tr> <td colspan="4">ENDING BALANCE: $44,282.28</td> </tr> <tr> <td colspan="4">Check # Date Amount Check # Date 1155 08/07 1,395.00 1156 08/08 Amount Check # Date Amount 400.00 * Indicates checks out of sequence.</td> </tr> </tbody> </table>	5ed6552f7f9f0c0000b57d17	5e1f16c6a29f93001375f5f5	4
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td colspan="5">Business Prime Share (ID#00) PREVIOUS BALANCE: $5.15</td> </tr> <tr> <td>Tran Date</td> <td>Eff. Date</td> <td>Description Deposits</td> <td>Withdrawals</td> <td>Balance</td> </tr> <tr> <td colspan="5">No Activity During This Statement Period</td> </tr> <tr> <td colspan="4">ENDING BALANCE:</td> <td>$5.15</td> </tr> <tr> <td colspan="5">Dividend Year to Date 0.07</td> </tr> </tbody> </table>	5ed65a4f7f9f0c0000b57d1a	5e1f16c6a29f93001375f5f5	4
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Busines</td> <td>s Line Of Credit (ID#29)</td> <td></td> <td></td> <td></td> </tr> <tr> <td></td> <td></td> <td>PREVIOUS BALANCE:</td> <td></td> <td>$7,081.36</td> </tr> <tr> <td>Tran Eff. Date Date</td> <td>Description</td> <td>Tran Amt Prin. Pmt or Adv</td> <td>Charges</td> <td>Balance</td> </tr> <tr> <td>08/20</td> <td>Payments Transfer From Share 01</td> <td>-49.62 0.00</td> <td>0.00</td> <td>7,081.36</td> </tr> <tr> <td></td> <td></td> <td>ENDING BALANCE:</td> <td></td> <td>$7,081.36</td> </tr> <tr> <td colspan="5">PAYMENT AMOUNT: 49.62 PAST DUE: 0.00 TOTAL DUE: 49.62 DUE DATE: 09/20/2018</td> </tr> <tr> <td>FEES</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Tran Eff. Date Date</td> <td>Description</td> <td></td> <td></td> <td>Amount</td> </tr> <tr> <td colspan="5">No Fees Paid This Statement Period</td> </tr> <tr> <td colspan="5">TOTAL FEES PAID YEAR-TO-DATE: 0.00 TOTAL FEES PAID THIS PERIOD: 0.00</td> </tr> <tr> <td>INTEREST</td> <td>CHARGED</td> <td></td> <td></td> <td></td> </tr> <tr> <td>Tran Eff. Date Date</td> <td>Description</td> <td></td> <td></td> <td>Amount</td> </tr> <tr> <td>08/20</td> <td>Interest Charged</td> <td></td> <td></td> <td>49.62</td> </tr> </tbody> </table>	5ed659247f9f0c0000b57d19	5e1f16c6a29f93001375f5f5	4
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td colspan="2"></td> </tr> <tr> <td>ANNUAL PERCENTAGE RATE: 8.250%*</td> <td>DAILY PERIODIC RATE: .022602%</td> </tr> <tr> <td>TOTAL INTEREST YEAR-TO-DATE: 372.21</td> <td>TOTAL INTEREST THIS PERIOD: 49.62</td> </tr> <tr> <td>BALANCE SUBJECT TO INTEREST: $7,081.36</td> <td></td> </tr> </tbody> </table>	5ed661787f9f0c0000b57d1b	5e1f16c6a29f93001375f5f5	5
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Credits Deposits</td> <td>s</td> <td></td> <td></td> </tr> <tr> <td>Effective date</td> <td>Posted date</td> <td>Amount</td> <td>Transaction detail</td> </tr> <tr> <td></td> <td>12/04</td> <td>118,149.30</td> <td>Deposit</td> </tr> <tr> <td></td> <td>12/06</td> <td>176,523.12</td> <td>Deposit</td> </tr> <tr> <td></td> <td>12/10</td> <td>166,141.12</td> <td>Deposit</td> </tr> <tr> <td></td> <td>12/17</td> <td>159,809.37</td> <td>Deposit</td> </tr> <tr> <td></td> <td>12/20</td> <td>117,255.75</td> <td>Deposit</td> </tr> <tr> <td></td> <td>12/21</td> <td>98,765.02</td> <td>Deposit</td> </tr> <tr> <td></td> <td></td> <td>$836,643.68</td> <td>Total deposits</td> </tr> </tbody> </table>	5ed63c7cb6ff6400004d1963	5e1c7618c72b7f002040dee5	1
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Effective date Posted date</td> <td>Amount</td> <td>Transaction detail</td> </tr> <tr> <td>12/05</td> <td>100,000.00</td> <td>Online Loan Advance Ref #Ib05Hhxqy9 From Commercial Line/Loan</td> </tr> <tr> <td>12/11</td> <td>9.27</td> <td>xxxxxx4773000026 on 12/05/18 Bancorpsv Bancorpsv 181211 99995 Wh-Infinisource Inc-99995-Settle Credit</td> </tr> <tr> <td>12/14</td> <td>17,130.01</td> <td>Cirrus Academy Bill.Com 015Alpixurxqczb Cirrus Academy Bill.Com</td> </tr> <tr> <td>12/20</td> <td>140,000.00</td> <td>015Alpixurxqczb Multipl ADV Obg 2434324773-26</td> </tr> <tr> <td></td> <td>$257,139.28</td> <td>Total electronic deposits/bank credits</td> </tr> <tr> <td></td> <td>$1,093,782.96</td> <td>Total credits</td> </tr> </tbody> </table>	5ed63e02b6ff6400004d1964	5e1c7618c72b7f002040dee5	1
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Effective date Posted date 12/04</td> <td>Amount 204.26</td> <td>Transaction detail < Business to Business ACH Debit - Time Warner Cabl Twc Eftpmt 120418 0744514248 Spa Edtec Inc,</td> </tr> <tr> <td>12/04</td> <td>24,021.08</td> <td>< Business to Business ACH Debit - Charles Schwab Rtrmt Plan 181204 D0Tpa8240213438 Edtec Inc. Psp 401K</td> </tr> <tr> <td>12/05</td> <td>1,083.75</td> <td>Infinisource Inc Claim Reim 141202 1050574225 Edtec Inc</td> </tr> <tr> <td>12/06</td> <td>5,820.50</td> <td>< Business to Business ACH Debit - The Hartford Nwtbclscic 14797631 Edtec Inc.</td> </tr> <tr> <td>12/06</td> <td>192,349.84</td> <td>< Business to Business ACH Debit - Paychex Inc. Payroll 79438000003935x Edtec Inc</td> </tr> <tr> <td>12/07</td> <td>100,000.00</td> <td>Online Principal Payment Ref #Ib05Hry4PC to Commercial Line/Loan xxxxxx4773000026 on 12/07/18</td> </tr> <tr> <td>12/07</td> <td>1,488.50</td> <td>ACH Prep Origintn - Edtec Inc - File 7878782339 Coid 1050574225</td> </tr> <tr> <td>12/07</td> <td>2,283.75</td> <td>ACH Prep Origintn - Edtec Inc - File 7878782339 Coid 1050574225</td> </tr> <tr> <td>12/07</td> <td>2,543.75</td> <td>ACH Prep Origintn - Edtec Inc - File 7878782339 Coid 1050574225</td> </tr> <tr> <td>12/07</td> <td>7,750.00</td> <td>ACH Prep Origintn - Edtec Inc - File 7878782339 Coid 1050574225</td> </tr> <tr> <td>12/07</td> <td>84,094.79</td> <td>< Business to Business ACH Debit - Paychex Tps Taxes 120518 79439600005020x Edtec Inc</td> </tr> <tr> <td>12/10</td> <td>175.54</td> <td>< Business to Business ACH Debit - Leasing Services Cash Trans 120718 Greatamerica FI Leasing Services800-485-1880*Agreement Number 1</td> </tr> <tr> <td>12/10</td> <td>208.33</td> <td>Infinisource Inc Claim Reim 141202 1050574225 Edtec Inc</td> </tr> <tr> <td>12/10</td> <td>1,352.08</td> <td>Sterling Opcbhsa 8006174729 181210 xxxxx0608 Edtec Inc.</td> </tr> <tr> <td>12/10</td> <td>2,000.00</td> <td>< Business to Business ACH Debit - Postalia Tdcpostage 106000648803 Edtec</td> </tr> <tr> <td>12/10</td> <td>154.75</td> <td>< Business to Business ACH Debit - Paychex Eib Invoice 181210 x79470400039768 Edtec Inc</td> </tr> <tr> <td>12/11</td> <td>371.46</td> <td>Client Analysis Srvc Chrg 181210 Svc Chge 1118 000005676508897</td> </tr> <tr> <td>12/11</td> <td>75.00</td> <td>< Business to Business ACH Debit - Bancorpsv Bancorpsv 181211 99994 Wh-Infinisource Inc-99994-Settle Purchase</td> </tr> <tr> <td>12/11</td> <td>84.00</td> <td>Infinisource Inc Claim Reim 141202 1050574225 Edtec Inc</td> </tr> <tr> <td>12/13</td> <td>500.00</td> <td>< Business to Business ACH Debit - Postalia Tdcpostage 106000648803 Edtec</td> </tr> <tr> <td>12/17</td> <td>659.94</td> <td>< Business to Business ACH Debit - Necfin Autopay 181216 100-0090938-001 Edtec Inc.</td> </tr> <tr> <td>12/18</td> <td>180.00</td> <td>< Business to Business ACH Debit - Bancorpsv Bancorpsv 181218 99994 Wh-Infinisource Inc-99994-Settle Purchase</td> </tr> <tr> <td>12/19</td> <td>244.09</td> <td>< Business to Business ACH Debit - Charles Schwab Rtrmt Plan 181219 D0Tpa8240213438 Edtec Inc. Psp 401K</td> </tr> <tr> <td>12/19</td> <td>22,216.35</td> <td>< Business to Business ACH Debit - Charles Schwab Rtrmt Plan 181219 D0Tpa8240213438 Edtec Inc. Psp 401K</td> </tr> <tr> <td>12/20</td> <td>416.73</td> <td>ACH Prep Origintn - Edtec Inc - File 7878782339 Coid 1050574225</td> </tr> <tr> <td>12/20</td> <td>448.50</td> <td>ACH Prep Origintn - Edtec Inc - File 7878782339 Coid 1050574225</td> </tr> <tr> <td>12/20</td> <td>538.82</td> <td>ACH Prep Origintn - Edtec Inc - File 7878782339 Coid 1050574225</td> </tr> <tr> <td>12/20</td> <td>2,988.75</td> <td>ACH Prep Origintn - Edtec Inc - File 7878782339 Coid 1050574225</td> </tr> <tr> <td>12/20</td> <td>7,750.00</td> <td>ACH Prep Origintn - Edtec Inc - File 7878782339 Coid 1050574225</td> </tr> <tr> <td>12/20</td> <td>9,672.00</td> <td>ACH Prep Origintn - Edtec Inc - File 7878782339 Coid 1050574225</td> </tr> <tr> <td>12/20</td> <td>27.62</td> <td>< Business to Business ACH Debit - Tax_Rev_Crs_Ecks Trd Pmnt 181218 1010471168 Edtec Inc</td> </tr> </tbody> </table>	5ed63eceb6ff6400004d1965	5e1c7618c72b7f002040dee5	2
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Effective date</td> <td>Posted date 12/20</td> <td>Amount 36.55</td> <td>Transaction detail < Business to Business ACH Debit - Tax_Rev_Crs_Ecks Trd Pmnt 181218 1005412608 Edtec Inc</td> </tr> <tr> <td></td> <td>12/20</td> <td>237,787.45</td> <td>< Business to Business ACH Debit - Paychex Inc. Payroll 79738000031785x Edtec Inc</td> </tr> <tr> <td></td> <td>12/21</td> <td>22,244.90</td> <td>ACH Prep Origintn - Edtec Inc - File 7878782339 Coid 1050574225</td> </tr> <tr> <td></td> <td>12/21</td> <td>163.19</td> <td>< Business to Business ACH Debit - Paychex Eib Invoice 181221 x79745800024717 Edtec Inc</td> </tr> <tr> <td></td> <td>12/21</td> <td>96,022.93</td> <td>< Business to Business ACH Debit - Paychex Tps Taxes 121918 79740300013662x Edtec Inc</td> </tr> <tr> <td></td> <td>12/21</td> <td>1,065.59</td> <td>Infinisource Inc Claim Reim 141202 1050574225 Edtec Inc</td> </tr> <tr> <td></td> <td>12/24</td> <td>208.41</td> <td>Infinisource Inc Claim Reim 141202 1050574225 Edtec Inc</td> </tr> <tr> <td></td> <td>12/24</td> <td>208.41</td> <td>Infinisource Inc Claim Reim 141202 1050574225 Edtec Inc</td> </tr> <tr> <td></td> <td>12/24</td> <td>1,360.08</td> <td>Sterling Opcbhsa 8006174729 181224 xxxxx5100 Edtec Inc.</td> </tr> <tr> <td></td> <td>12/26</td> <td>3,317.71</td> <td>ACH Prep Origintn - Edtec Inc - File 7878782339 Coid 1050574225</td> </tr> <tr> <td></td> <td>12/26</td> <td>170.00</td> <td>< Business to Business ACH Debit - Bancorpsv Bancorpsv 181225 99994 Wh-Infinisource Inc-99994-Settle Purchase</td> </tr> <tr> <td></td> <td>12/27</td> <td>9,106.77</td> <td>ACH Prep Origintn - Edtec Inc - File 7878782339 Coid 1050574225</td> </tr> <tr> <td></td> <td>12/27</td> <td>50.00</td> <td>< Business to Business ACH Debit - Paychex Inc. Payroll 79843700000644x Edtec Inc</td> </tr> <tr> <td></td> <td>12/27</td> <td>86.25</td> <td>Sterling Opcbhsa 8006174729 181227 xxxxx2087 Edtec Inc.</td> </tr> <tr> <td></td> <td>12/28</td> <td>46.11</td> <td>< Business to Business ACH Debit - Paychex Eib Invoice 181228 x79854900013403 Edtec Inc</td> </tr> <tr> <td></td> <td>12/28</td> <td>1,250.00</td> <td>Infinisource Inc Claim Reim 141202 1050574225 Edtec Inc</td> </tr> <tr> <td></td> <td>12/31</td> <td>1,626.74</td> <td>Infinisource Inc Claim Reim 141202 1050574225 Edtec Inc</td> </tr> <tr> <td></td> <td></td> <td>$846,455.27</td> <td>Total electronic debits/bank debits</td> </tr> </tbody> </table>	5ed640f6b6ff6400004d1966	5e1c7618c72b7f002040dee5	3
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Number</td> <td>Amount</td> <td>Date</td> </tr> <tr> <td>1137</td> <td>4,791.59</td> <td>12/21</td> </tr> <tr> <td>1138</td> <td>4,791.59</td> <td>12/18</td> </tr> <tr> <td>14841 </td> <td>6,679.12</td> <td>12/14</td> </tr> <tr> <td>14874 </td> <td>113.54</td> <td>12/03</td> </tr> <tr> <td>14875</td> <td>760.65</td> <td>12/03</td> </tr> <tr> <td>14876</td> <td>748.31</td> <td>12/05</td> </tr> <tr> <td>14877</td> <td>54,051.08</td> <td>12/03</td> </tr> <tr> <td>14878</td> <td>837.50</td> <td>12/04</td> </tr> <tr> <td>14879</td> <td>2,945.00</td> <td>12/14</td> </tr> <tr> <td>14880</td> <td>243.42</td> <td>12/11</td> </tr> <tr> <td>14882 *</td> <td>111.44</td> <td>12/10</td> </tr> <tr> <td>14883</td> <td>611.90</td> <td>12/07</td> </tr> <tr> <td>14884</td> <td>2,500.00</td> <td>12/11</td> </tr> <tr> <td>14885</td> <td>6,509.09</td> <td>12/03</td> </tr> <tr> <td>14886</td> <td>250.00</td> <td>12/04</td> </tr> </tbody> </table>	5ed64206b6ff6400004d1967	5e1c7618c72b7f002040dee5	3
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Number</td> <td>Amount</td> <td>Date</td> </tr> <tr> <td>14887</td> <td>299.08</td> <td>12/03</td> </tr> <tr> <td>14888</td> <td>1,071.54</td> <td>12/03</td> </tr> <tr> <td>14889</td> <td>8,509.03</td> <td>12/11</td> </tr> <tr> <td>14890</td> <td>506.21</td> <td>12/12</td> </tr> <tr> <td>14891</td> <td>7,531.84</td> <td>12/17</td> </tr> <tr> <td>14892</td> <td>165.50</td> <td>12/17</td> </tr> <tr> <td>14893</td> <td>23,567.00</td> <td>12/18</td> </tr> <tr> <td>14894</td> <td>2,083.72</td> <td>12/17</td> </tr> <tr> <td>14895</td> <td>12,561.89</td> <td>12/17</td> </tr> <tr> <td>14896</td> <td>880.00</td> <td>12/19</td> </tr> <tr> <td>14897</td> <td>940.00</td> <td>12/17</td> </tr> <tr> <td>14898</td> <td>407.84</td> <td>12/14</td> </tr> <tr> <td>14901 *</td> <td>4,176.00</td> <td>12/19</td> </tr> <tr> <td>14902</td> <td>652.55</td> <td>12/18</td> </tr> <tr> <td>14903</td> <td>19,124.08</td> <td>12/17</td> </tr> </tbody> </table>	5ed642bdb6ff6400004d1968	5e1c7618c72b7f002040dee5	3
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Number</td> <td>Amount</td> <td>Date</td> </tr> <tr> <td>14904</td> <td>323.50</td> <td>12/26</td> </tr> <tr> <td>14905</td> <td>133.00</td> <td>12/28</td> </tr> <tr> <td>14906</td> <td>158.00</td> <td>12/28</td> </tr> <tr> <td>14907</td> <td>123.00</td> <td>12/31</td> </tr> <tr> <td>14908</td> <td>217.41</td> <td>12/24</td> </tr> <tr> <td>14910 *</td> <td>334.88</td> <td>12/24</td> </tr> <tr> <td>14911</td> <td>7,312.72</td> <td>12/27</td> </tr> <tr> <td>14912</td> <td>58.00</td> <td>12/28</td> </tr> <tr> <td>14913</td> <td>322.16</td> <td>12/27</td> </tr> <tr> <td>14914</td> <td>450.00</td> <td>12/24</td> </tr> <tr> <td>14915</td> <td>664.68</td> <td>12/26</td> </tr> <tr> <td>14916</td> <td>406.82</td> <td>12/28</td> </tr> <tr> <td>14917</td> <td>98.00</td> <td>12/26</td> </tr> <tr> <td>14918</td> <td>315.57</td> <td>12/27</td> </tr> <tr> <td>14919</td> <td>52.00</td> <td>12/26</td> </tr> </tbody> </table>	5ed64354b6ff6400004d1969	5e1c7618c72b7f002040dee5	3
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Date</td> <td>Balance</td> </tr> <tr> <td>11/30</td> <td>162,068.68</td> </tr> <tr> <td>12/03</td> <td>99,263.70</td> </tr> <tr> <td>12/04</td> <td>192,100.16</td> </tr> <tr> <td>12/05</td> <td>290,268.10</td> </tr> <tr> <td>12/06</td> <td>268,620.88</td> </tr> <tr> <td>12/07</td> <td>69,848.19</td> </tr> <tr> <td>12/10</td> <td>231,987.17</td> </tr> </tbody> </table>	5ed6442eb6ff6400004d196a	5e1c7618c72b7f002040dee5	4
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Date</td> <td>Balance</td> </tr> <tr> <td>12/11</td> <td>220,213.53</td> </tr> <tr> <td>12/12</td> <td>219,707.32</td> </tr> <tr> <td>12/13</td> <td>219,207.32</td> </tr> <tr> <td>12/14</td> <td>226,305.37</td> </tr> <tr> <td>12/17</td> <td>343,047.77</td> </tr> <tr> <td>12/18</td> <td>313,856.63</td> </tr> <tr> <td>12/19</td> <td>286,340.19</td> </tr> </tbody> </table>	5ed644a4b6ff6400004d196c	5e1c7618c72b7f002040dee5	4
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Date</td> <td>Balance</td> </tr> <tr> <td>12/20</td> <td>283,929.52</td> </tr> <tr> <td>12/21</td> <td>258,406.34</td> </tr> <tr> <td>12/24</td> <td>255,627.15</td> </tr> <tr> <td>12/26</td> <td>250,405.06</td> </tr> <tr> <td>12/27</td> <td>233,211.59</td> </tr> <tr> <td>12/28</td> <td>231,159.66</td> </tr> <tr> <td>12/31</td> <td>229,409.92</td> </tr> </tbody> </table>	5ed64502b6ff6400004d196d	5e1c7618c72b7f002040dee5	4
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Average daily ledger balance</td> <td>$221,745.78</td> </tr> </tbody> </table>	5ed6454cb6ff6400004d196e	5e1c7618c72b7f002040dee5	4
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2012</td> <td>2011</td> </tr> <tr> <td>Assets</td> <td></td> <td></td> </tr> <tr> <td>Current</td> <td>9,850,146</td> <td>8,599,116</td> </tr> <tr> <td>Cash and cash equivalents</td> <td>433,759</td> <td>123,300</td> </tr> <tr> <td>Short-term interbank investments</td> <td>3,378,099</td> <td>2,401,500</td> </tr> <tr> <td>Open market investments</td> <td>3,337,584</td> <td>2,257,554</td> </tr> <tr> <td>Interbank deposits</td> <td>40,515</td> <td>143,946</td> </tr> <tr> <td>Marketable securities and derivative financial instruments</td> <td>1,211,245</td> <td>1,905,362</td> </tr> <tr> <td>Own portfolio</td> <td>1,047,641</td> <td>1,776,779</td> </tr> <tr> <td>Subject to repurchase agreements</td> <td>-</td> <td>54,082</td> </tr> <tr> <td>Subject to guarantees given</td> <td>136,593</td> <td>-</td> </tr> <tr> <td>Derivative financial instruments</td> <td>27,011</td> <td>74,501</td> </tr> <tr> <td>Interbank accounts</td> <td>7,115</td> <td>3,163</td> </tr> <tr> <td>Restricted deposits</td> <td></td> <td></td> </tr> <tr> <td>Central Bank of Brazil deposits</td> <td>6,979</td> <td>3,158</td> </tr> <tr> <td>Interbank onlending</td> <td>124</td> <td>-</td> </tr> <tr> <td>Correspondent banks</td> <td>12</td> <td>5</td> </tr> <tr> <td>Loans</td> <td>2,778,377</td> <td>2,342,595</td> </tr> <tr> <td>Private sector</td> <td>2,833,123</td> <td>2,391,708</td> </tr> <tr> <td>Allowance for loan losses</td> <td>(54,746)</td> <td>(49,113)</td> </tr> <tr> <td>Other receivables</td> <td>2,041,199</td> <td>1,821,932</td> </tr> <tr> <td>Foreign exchange portfolio</td> <td>2,034,120</td> <td>1,814,739</td> </tr> <tr> <td>Unearned income</td> <td>7,337</td> <td>6,344</td> </tr> <tr> <td>Sundry</td> <td>3,063</td> <td>2,795</td> </tr> <tr> <td>Allowance for losses on other receivables</td> <td>(3,321)</td> <td>(1,946)</td> </tr> <tr> <td>Other assets</td> <td>352</td> <td>1,264</td> </tr> <tr> <td>Other assets</td> <td>198</td> <td>1,160</td> </tr> <tr> <td>Prepaid expenses</td> <td>154</td> <td>104</td> </tr> <tr> <td>Long-term receivables</td> <td>3,400,535</td> <td>2,367,687</td> </tr> <tr> <td>Marketable securities and derivative financial instruments</td> <td>424,015</td> <td>724,567</td> </tr> <tr> <td>Own portfolio</td> <td>203,541</td> <td>466,463</td> </tr> <tr> <td>Subject to guarantees given</td> <td>207,796</td> <td>249,914</td> </tr> <tr> <td>Derivative financial instruments</td> <td>12,678</td> <td>8,190</td> </tr> <tr> <td>Interbank accounts</td> <td>483</td> <td>-</td> </tr> <tr> <td>Interbank onlending</td> <td>483</td> <td>-</td> </tr> <tr> <td>Loans</td> <td>2,892,893</td> <td>1,566,042</td> </tr> <tr> <td>Private sector</td> <td>2,950,092</td> <td>1,616,501</td> </tr> <tr> <td>Allowance for loan losses</td> <td>(57,199)</td> <td>(50,459)</td> </tr> <tr> <td>Other receivables</td> <td>83,144</td> <td>77,078</td> </tr> <tr> <td>Sundry</td> <td>83,144</td> <td>77,078</td> </tr> <tr> <td>Permanent assets</td> <td>32,312</td> <td>23,287</td> </tr> <tr> <td>Investments</td> <td>6</td> <td>6</td> </tr> <tr> <td>Other investments</td> <td>6</td> <td>6</td> </tr> <tr> <td>Property and equipment in use</td> <td>14,887</td> <td>11,671</td> </tr> <tr> <td>Other property and equipment in use</td> <td>23,816</td> <td>19,743</td> </tr> <tr> <td>Accumulated depreciation</td> <td>(8,929)</td> <td>(8,072)</td> </tr> <tr> <td>Intangible assets</td> <td>17,419</td> <td>11,610</td> </tr> <tr> <td>Intangible assets</td> <td>23,171</td> <td>14,653</td> </tr> <tr> <td>Accumulated amortization</td> <td>(5,752)</td> <td>(3,043)</td> </tr> </tbody> </table>	5fbf6518955c0f0000977703	5e6736bcf3871400194970b8	7
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2012</td> <td>2011</td> </tr> <tr> <td>Liabilities and equity</td> <td></td> <td></td> </tr> <tr> <td>Current</td> <td>7,931,293</td> <td>6,876,451</td> </tr> <tr> <td>Deposits</td> <td>1,220,182</td> <td>182,450</td> </tr> <tr> <td>Demand deposits</td> <td>2,678</td> <td>19,621</td> </tr> <tr> <td>Interbank deposits</td> <td>1,166,569</td> <td>30,029</td> </tr> <tr> <td>Time deposits</td> <td>50,935</td> <td>132,480</td> </tr> <tr> <td>Other deposits</td> <td>-</td> <td>320</td> </tr> <tr> <td>Open market investments</td> <td>210,977</td> <td>551,168</td> </tr> <tr> <td>Own portfolio</td> <td>-</td> <td>53,980</td> </tr> <tr> <td>Third-party portfolio</td> <td>210,977</td> <td>497,188</td> </tr> <tr> <td>Exchange acceptance and issuance of securities</td> <td>1,416,922</td> <td>1,965,474</td> </tr> <tr> <td>Funds from real estate, mortgage, credit notes and other</td> <td>1,416,922</td> <td>1,965,474</td> </tr> <tr> <td>Interdepartmental accounts</td> <td>430,257</td> <td>20,040</td> </tr> <tr> <td>Third-party funds in transit</td> <td>430,257</td> <td>20,040</td> </tr> <tr> <td>Borrowings</td> <td>1,412,089</td> <td>1,928,183</td> </tr> <tr> <td>Foreign borrowings</td> <td>1,412,089</td> <td>1,928,183</td> </tr> <tr> <td>Local onlending - Official institutions</td> <td>217,564</td> <td>248,320</td> </tr> <tr> <td>BNDES</td> <td>19,976</td> <td>19,417</td> </tr> <tr> <td>FINAME</td> <td>93,941</td> <td>73,218</td> </tr> <tr> <td>Other institutions</td> <td>103,647</td> <td>155,685</td> </tr> <tr> <td>Foreign onlending</td> <td>1,652,815</td> <td>640,140</td> </tr> <tr> <td>Foreign onlending</td> <td>1,652,815</td> <td>640,140</td> </tr> <tr> <td>Derivative financial instruments</td> <td>40,626</td> <td>67,883</td> </tr> <tr> <td>Derivative financial instruments</td> <td>40,626</td> <td>67,883</td> </tr> <tr> <td>Other liabilities</td> <td>1,329,861</td> <td>1,272,793</td> </tr> <tr> <td>Collection of taxes and other levies</td> <td>304</td> <td>1,357</td> </tr> <tr> <td>Foreign exchange portfolio</td> <td>1,156,016</td> <td>1,157,351</td> </tr> <tr> <td>Social and statutory</td> <td>15,976</td> <td>12,558</td> </tr> <tr> <td>Tax and social security</td> <td>95,114</td> <td>50,367</td> </tr> <tr> <td>Securities trading</td> <td>4,018</td> <td>4,141</td> </tr> <tr> <td>Subordinated debts</td> <td>25,925</td> <td>13,898</td> </tr> <tr> <td>Sundry</td> <td>32,508</td> <td>33,121</td> </tr> <tr> <td>Long-term liabilities</td> <td>4,291,969</td> <td>3,335,216</td> </tr> <tr> <td>Deposits</td> <td>408,168</td> <td>323,415</td> </tr> <tr> <td>Interbank deposits</td> <td>97,401</td> <td>87,092</td> </tr> <tr> <td>Time deposits</td> <td>310,767</td> <td>236,323</td> </tr> <tr> <td>Exchange acceptance and issuance of securities</td> <td>218,854</td> <td>64,404</td> </tr> <tr> <td>Funds from real estate, mortgage, credit notes and other</td> <td>218,854</td> <td>64,404</td> </tr> <tr> <td>Borrowings</td> <td>145,126</td> <td>29,631</td> </tr> <tr> <td>Foreign borrowings</td> <td>145,126</td> <td>29,631</td> </tr> <tr> <td>Local onlending - Official institutions</td> <td>440,017</td> <td>331,760</td> </tr> <tr> <td>BNDES</td> <td>88,118</td> <td>86,689</td> </tr> <tr> <td>FINAME</td> <td>351,899</td> <td>241,125</td> </tr> <tr> <td>Other institutions</td> <td>-</td> <td>3,946</td> </tr> <tr> <td>Foreign onlending</td> <td>2,137,086</td> <td>2,264,813</td> </tr> <tr> <td>Foreign onlending</td> <td>2,137,086</td> <td>2,264,813</td> </tr> <tr> <td>Derivative financial instruments</td> <td>21,687</td> <td>10,698</td> </tr> <tr> <td>Derivative financial instruments</td> <td>21,687</td> <td>10,698</td> </tr> <tr> <td>Other liabilities</td> <td>921,031</td> <td>310,495</td> </tr> <tr> <td>Tax and social security</td> <td>7,699</td> <td>9,497</td> </tr> <tr> <td>Subordinated debts</td> <td>913,050</td> <td>300,000</td> </tr> <tr> <td>Sundry</td> <td>282</td> <td>998</td> </tr> <tr> <td>Shareholders’ Equity</td> <td>1,059,731</td> <td>778,423</td> </tr> <tr> <td>Capital Foreign residents</td> <td>617,916</td> <td>476,471</td> </tr> <tr> <td>Income reserve - Statutory</td> <td>396,583</td> <td>263,722</td> </tr> <tr> <td>Income reserve - Legal</td> <td>36,963</td> <td>27,342</td> </tr> <tr> <td>Equity valuation adjustment</td> <td>8,269</td> <td>10,888</td> </tr> <tr> <td>Total</td> <td>13,282,993</td> <td>10,990,090</td> </tr> </tbody> </table>	5fbf679e955c0f0000977704	5e6736bcf3871400194970b8	8
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="2">2012</td> <td>2011</td> </tr> <tr> <td></td> <td>nd 2 half</td> <td>Year</td> <td>Year</td> </tr> <tr> <td>Revenue from financial intermediation</td> <td>528,524</td> <td>1,438,627</td> <td>1,256,639</td> </tr> <tr> <td>Credit operations</td> <td>264,813</td> <td>707,846</td> <td>598,873</td> </tr> <tr> <td>Result from marketable security transactions</td> <td>212,115</td> <td>492,184</td> <td>583,966</td> </tr> <tr> <td>Result from derivative financial instruments</td> <td>19,532</td> <td>65,022</td> <td>(80,020)</td> </tr> <tr> <td>Result from foreign exchange transactions</td> <td>32,064</td> <td>173,575</td> <td>153,820</td> </tr> <tr> <td>Financial intermediation expenses</td> <td>(335,078)</td> <td>(994,018)</td> <td>(925,155)</td> </tr> <tr> <td>Open market funding</td> <td>(132,090)</td> <td>(302,135)</td> <td>(290,853)</td> </tr> <tr> <td>Loans and on-lending</td> <td>(182,641)</td> <td>(654,530)</td> <td>(569,338)</td> </tr> <tr> <td>Allowance for loan losses</td> <td>(20,347)</td> <td>(37,353)</td> <td>(64,964)</td> </tr> <tr> <td>Gross income from financial intermediation</td> <td>193,446</td> <td>444,609</td> <td>331,484</td> </tr> <tr> <td>Other operating income (expenses)</td> <td>(48,473)</td> <td>(131,173)</td> <td>(106,321)</td> </tr> <tr> <td>Revenue from services rendered</td> <td>46,634</td> <td>71,868</td> <td>49,220</td> </tr> <tr> <td>Expenses with personnel</td> <td>(39,021)</td> <td>(96,019)</td> <td>(65,958)</td> </tr> <tr> <td>Expenses with executive board remuneration</td> <td>(7,453)</td> <td>(10,411)</td> <td>(14,030)</td> </tr> <tr> <td>Other administrative expenses</td> <td>(35,055)</td> <td>(68,566)</td> <td>(57,869)</td> </tr> <tr> <td>Tax expenses</td> <td>(13,481)</td> <td>(27,236)</td> <td>(19,335)</td> </tr> <tr> <td>Other operating income</td> <td>65</td> <td>146</td> <td>3,325</td> </tr> <tr> <td>Other operating expenses</td> <td>(162)</td> <td>(955)</td> <td>(1,674)</td> </tr> <tr> <td>Operating income (loss)</td> <td>144,973</td> <td>313,436</td> <td>225,163</td> </tr> <tr> <td>Non-operating income (loss)</td> <td>(630)</td> <td>(795)</td> <td>442</td> </tr> <tr> <td>Income before taxes and profit sharing</td> <td>144,343</td> <td>312,641</td> <td>225,605</td> </tr> <tr> <td>Income and social contribution taxes</td> <td>(33,431)</td> <td>(101,831)</td> <td>(67,425)</td> </tr> <tr> <td>Provision for income tax</td> <td>(24,415)</td> <td>(67,037)</td> <td>(36,764)</td> </tr> <tr> <td>Provision for social contribution tax</td> <td>(15,534)</td> <td>(41,017)</td> <td>(22,375)</td> </tr> <tr> <td>Deferred tax assets</td> <td>6,518</td> <td>6,223</td> <td>(8,286)</td> </tr> <tr> <td>Profit sharing</td> <td>(15,461)</td> <td>(18,386)</td> <td>(29,317)</td> </tr> <tr> <td>Net income for the six-month period/years</td> <td>95,451</td> <td>192,424</td> <td>128,863</td> </tr> <tr> <td>Earnings per thousand shares – R$</td> <td>160.98</td> <td>324.53</td> <td>281.85</td> </tr> </tbody> </table>	5fbf6857955c0f0000977705	5e6736bcf3871400194970b8	9
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td></td> <td>Capital</td> <td>Income reserve -</td> <td>Income reserve</td> <td>Equity pick-up</td> <td>Retained</td> <td></td> </tr> <tr> <td></td> <td>Capital</td> <td>increase</td> <td>Statutory</td> <td>- Legal</td> <td>adjustments</td> <td>earnings</td> <td>Total</td> </tr> <tr> <td>Balances at December 31, 2010</td> <td>411,962</td> <td>31,222</td> <td>180,463</td> <td>20,899</td> <td>8,133</td> <td>-</td> <td>652,679</td> </tr> <tr> <td>Capital increase approved at Special Shareholders' Meeting (AGE) held on December 30, 2010</td> <td>31,222</td> <td>(31,222)</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> </tr> <tr> <td>Capital increase according to Special Shareholders' Meeting (AGE) held on December 30, 2010</td> <td>-</td> <td>33,287</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>33,287</td> </tr> <tr> <td>Equity valuation adjustment</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>2,755</td> <td>-</td> <td>2,755</td> </tr> <tr> <td>Net income for the year</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>128,863</td> <td>128,863</td> </tr> <tr> <td>Allocations: Legal reserve</td> <td>-</td> <td>-</td> <td>-</td> <td>6,443</td> <td>-</td> <td>(6,443)</td> <td>-</td> </tr> <tr> <td>Statutory reserve</td> <td>-</td> <td>-</td> <td>83,259</td> <td>-</td> <td>-</td> <td>(83,259)</td> <td>-</td> </tr> <tr> <td>Interest on equity</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>(39,161)</td> <td>(39,161)</td> </tr> <tr> <td>Balances at December 31, 2011</td> <td>443,184</td> <td>33,287</td> <td>263,722</td> <td>27,342</td> <td>10,888</td> <td>-</td> <td>778,423</td> </tr> <tr> <td>Capital increase approved at Special Shareholders' Meeting (AGE) held on December 30, 2010</td> <td>33,287</td> <td>(33,287)</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> </tr> <tr> <td>Capital increase according to Special Shareholders' Meeting (AGE) held on January 26, 2012</td> <td>98,994</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>98,994</td> </tr> <tr> <td>Capital increase according to Special Shareholders' Meeting (AGE) held on December 28, 2012</td> <td>-</td> <td>42,451</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>42,451</td> </tr> <tr> <td>Equity valuation adjustment</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>(2,619)</td> <td>-</td> <td>(2,619)</td> </tr> <tr> <td>Net income for the year</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>192,424</td> <td>192,424</td> </tr> <tr> <td>Allocations: Legal reserve</td> <td>-</td> <td>-</td> <td>-</td> <td>9,621</td> <td>-</td> <td>(9,621)</td> <td>-</td> </tr> <tr> <td>Statutory reserve</td> <td>-</td> <td>-</td> <td>132,861</td> <td>-</td> <td>-</td> <td>(132,861)</td> <td>-</td> </tr> <tr> <td>Interest on equity</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>(49,942)</td> <td>(49,942)</td> </tr> <tr> <td>Balances at December 31, 2012</td> <td>575,465</td> <td>42,451</td> <td>396,583</td> <td>36,963</td> <td>8,269</td> <td>-</td> <td>1,059,731</td> </tr> <tr> <td>Balances at June 30, 2012</td> <td>575,465</td> <td>-</td> <td>263,722</td> <td>32,191</td> <td>6,573</td> <td>92,124</td> <td>970,075</td> </tr> <tr> <td>Capital increase according to Special Shareholders' Meeting (AGE) held on December 28,</td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>2012 Net income for the six-month period</td> <td>- -</td> <td>42,451 -</td> <td>- -</td> <td>- -</td> <td>- -</td> <td>- 95,451</td> <td>42,451 95,451</td> </tr> <tr> <td>Equity valuation adjustment</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>1,696</td> <td>-</td> <td>1,696</td> </tr> <tr> <td>Allocations: Legal reserve</td> <td>-</td> <td>-</td> <td>-</td> <td>4,772</td> <td>-</td> <td>(4,772)</td> <td>-</td> </tr> <tr> <td>Statutory reserve</td> <td>-</td> <td>-</td> <td>132,861</td> <td>-</td> <td>-</td> <td>(132,861)</td> <td>-</td> </tr> <tr> <td>Interest on equity</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>(49,942)</td> <td>(49,942)</td> </tr> <tr> <td>Balances at December 31, 2012</td> <td>575,465</td> <td>42,451</td> <td>396,583</td> <td>36,963</td> <td>8,269</td> <td>-</td> <td>1,059,731</td> </tr> </tbody> </table>	5fbf6b31955c0f0000977706	5e6736bcf3871400194970b8	10
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="2">2012</td> <td>2011</td> </tr> <tr> <td></td> <td>nd 2 half</td> <td>Year</td> <td>Year</td> </tr> <tr> <td>Cash flow from operating activities:</td> <td></td> <td></td> <td></td> </tr> <tr> <td>Net income</td> <td>95,451</td> <td>192,424</td> <td>128,863</td> </tr> <tr> <td>Adjustment to net income:</td> <td></td> <td></td> <td></td> </tr> <tr> <td>Adjustments to market value</td> <td>1,696</td> <td>(2,619)</td> <td>2,755</td> </tr> <tr> <td>Depreciation</td> <td>1,258</td> <td>2,448</td> <td>2,176</td> </tr> <tr> <td>Amortization</td> <td>1,519</td> <td>2,708</td> <td>1,740</td> </tr> <tr> <td>Allowance for loan losses</td> <td>20,347</td> <td>37,353</td> <td>64,964</td> </tr> <tr> <td>Provisions for impairment of non-financial assets</td> <td>-</td> <td>-</td> <td>(2,540)</td> </tr> <tr> <td>Provisions (reversals) for tax, civil and labor claims</td> <td>(140)</td> <td>(767)</td> <td>2,167</td> </tr> <tr> <td>Net income after adjustments</td> <td>120,131</td> <td>231,547</td> <td>200,125</td> </tr> <tr> <td>(Increase) in interbank deposits</td> <td>(40,515)</td> <td>(40,515)</td> <td>-</td> </tr> <tr> <td>Decrease in marketable securities</td> <td></td> <td></td> <td></td> </tr> <tr> <td>and derivative financial instruments (Increase) in interbank accounts</td> <td>1,122,795 (4,323)</td> <td>978,401 (4,435)</td> <td>15.250 (407)</td> </tr> <tr> <td>Increase (decrease) in interdepartmental accounts</td> <td>397,837</td> <td>410,217</td> <td>(24,718)</td> </tr> <tr> <td>(Increase) in loans</td> <td>(1,224,271)</td> <td>(1,798,611)</td> <td>(1,373,504)</td> </tr> <tr> <td>Increase (decrease) in other receivables</td> <td>189,983</td> <td>(226,709)</td> <td>(936,706)</td> </tr> <tr> <td>(Increase) decrease in other assets</td> <td>962</td> <td>962</td> <td>(1,160)</td> </tr> <tr> <td>(Increase) decrease in prepaid expenses</td> <td>123</td> <td>(50)</td> <td>21</td> </tr> <tr> <td>Increase in other liabilities</td> <td>870,823</td> <td>668,372</td> <td>773,082</td> </tr> <tr> <td></td> <td>1,313,414</td> <td>(12,368)</td> <td>(1,548,142)</td> </tr> <tr> <td>Net cash provided by (used in) operating activities</td> <td>1,433,545</td> <td>219,179</td> <td>(1,348,017)</td> </tr> <tr> <td>Cash flow from investing activities</td> <td></td> <td></td> <td></td> </tr> <tr> <td>Disposal of property and equipment in use</td> <td>206</td> <td>418</td> <td>92</td> </tr> <tr> <td>Acquisition of property and equipment</td> <td>(3,071)</td> <td>(6,082)</td> <td>(7,846)</td> </tr> <tr> <td>Acquisition of intangible asset</td> <td>(7,573)</td> <td>(8,517)</td> <td>(4,239)</td> </tr> <tr> <td>Net cash used in investing activities</td> <td>(10,438)</td> <td>(14,181)</td> <td>(11,993)</td> </tr> <tr> <td>Cash flow from financing activities</td> <td></td> <td></td> <td></td> </tr> <tr> <td>Increase (decrease) in deposits</td> <td>(63,358)</td> <td>1,122,485</td> <td>(3,857)</td> </tr> <tr> <td>(Decrease) in open market funding</td> <td>(381,378)</td> <td>(340,191)</td> <td>(465,679)</td> </tr> <tr> <td>Increase (decrease) in funds from issuance of securities</td> <td>(603,471)</td> <td>(394,102)</td> <td>581,003</td> </tr> <tr> <td>Increase (decrease) in borrowings and onlending</td> <td>(163,737)</td> <td>561,850</td> <td>1,775,922</td> </tr> <tr> <td>Capital increase</td> <td>42,451</td> <td>141,445</td> <td>33,287</td> </tr> <tr> <td>Interest on equity</td> <td>(49,942)</td> <td>(49,942)</td> <td>(39,161)</td> </tr> <tr> <td>Net cash from financing activities</td> <td>(1,219,435)</td> <td>1,041,545</td> <td>1,881,515</td> </tr> <tr> <td>Increase in cash and cash equivalents</td> <td>203,672</td> <td>1,246,543</td> <td>521,505</td> </tr> <tr> <td>Cash and cash equivalents</td> <td></td> <td></td> <td></td> </tr> <tr> <td>At beginning of six-month period/years</td> <td>3,567,671</td> <td>2,524,800</td> <td>2,003,295</td> </tr> <tr> <td>At end of six-month period/years</td> <td>3,771,343</td> <td>3,771,343</td> <td>2,524,800</td> </tr> <tr> <td>Increase in cash and cash equivalents</td> <td>203,672</td> <td>1,246,543</td> <td>521,505</td> </tr> </tbody> </table>	5fbf7247955c0f0000977707	5e6736bcf3871400194970b8	11
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="2">2012</td> <td colspan="2">2011</td> </tr> <tr> <td>Description</td> <td>Book value</td> <td>Market value</td> <td>Book value</td> <td>Market value</td> </tr> <tr> <td>Federal Government Bonds - National Treasury</td> <td>296,534</td> <td>296,534</td> <td>595,567</td> <td>595,567</td> </tr> <tr> <td>(1) Multicredit FIDC</td> <td>765,649</td> <td>765,649</td> <td>1,235,902</td> <td>1,235,902</td> </tr> <tr> <td>(2) Minerva - FIDC</td> <td>19,064</td> <td>19,064</td> <td>57,071</td> <td>57,071</td> </tr> <tr> <td>(2) Tribanco-Martins – FIDC</td> <td>-</td> <td>-</td> <td>146,792</td> <td>146,792</td> </tr> <tr> <td>Equity shares</td> <td>-</td> <td>-</td> <td>14,956</td> <td>14,956</td> </tr> <tr> <td>Debentures</td> <td>168,455</td> <td>168,455</td> <td>192,954</td> <td>192,954</td> </tr> <tr> <td>Rural Product Bill</td> <td>1,480</td> <td>1,480</td> <td>-</td> <td>-</td> </tr> <tr> <td>Subtotal - own portfolio</td> <td>1,251,182</td> <td>1,251,182</td> <td>2,243,242</td> <td>2,243,242</td> </tr> <tr> <td>Federal Government Bonds - National Treasury</td> <td>-</td> <td>-</td> <td>54,082</td> <td>54,082</td> </tr> <tr> <td>Subtotal subject to repurchase agreements</td> <td>-</td> <td>-</td> <td>54,082</td> <td>54,082</td> </tr> <tr> <td>Federal Government Bonds - National Treasury</td> <td>344,389</td> <td>344,389</td> <td>249,914</td> <td>249,914</td> </tr> <tr> <td>Subtotal subject to guarantees given</td> <td>344,389</td> <td>344,389</td> <td>249,914</td> <td>249,914</td> </tr> <tr> <td></td> <td>1,595,571</td> <td>1,595,571</td> <td>2,547,238</td> <td>2,547,238</td> </tr> </tbody> </table>	5fbf7415955c0f0000977708	5e6736bcf3871400194970b8	18
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="6">2012</td> </tr> <tr> <td></td> <td></td> <td></td> <td></td> <td colspan="3">Book value by maturity</td> </tr> <tr> <td>Category</td> <td>Restated cost</td> <td>Market value</td> <td>Book value</td> <td>Within 90 days</td> <td>From 91 to 365 days</td> <td>Above 365 days</td> </tr> <tr> <td>LFT</td> <td>6,645</td> <td>6,642</td> <td>6,642</td> <td>-</td> <td>-</td> <td>6,642</td> </tr> <tr> <td>LTN</td> <td>417,795</td> <td>419,314</td> <td>419,314</td> <td>119,967</td> <td>250,237</td> <td>49,109</td> </tr> <tr> <td>NTN-F</td> <td>179,714</td> <td>191,981</td> <td>191,981</td> <td>23,914</td> <td>-</td> <td>168,067</td> </tr> <tr> <td>Debentures</td> <td>168,455</td> <td>168,455</td> <td>168,455</td> <td>-</td> <td>-</td> <td>168,455</td> </tr> <tr> <td>FIDC</td> <td>784,713</td> <td>784,713</td> <td>784,713</td> <td>-</td> <td>765,649</td> <td>19,064</td> </tr> <tr> <td>CPR</td> <td>1,480</td> <td>1,480</td> <td>1,480</td> <td>-</td> <td>1,480</td> <td>-</td> </tr> <tr> <td>Available for sale</td> <td>1,558,802</td> <td>1,572,585</td> <td>1,572,585</td> <td>143,881</td> <td>1,017,366</td> <td>411,337</td> </tr> <tr> <td>LFT</td> <td>114</td> <td>114</td> <td>114</td> <td>-</td> <td>-</td> <td>114</td> </tr> <tr> <td>NTN-B</td> <td>22,336</td> <td>22,872</td> <td>22,872</td> <td>-</td> <td>22,872</td> <td>-</td> </tr> <tr> <td>Trading</td> <td>22,450</td> <td>22,986</td> <td>22,986</td> <td>-</td> <td>22,872</td> <td>114</td> </tr> <tr> <td></td> <td>1,581,252</td> <td>1,595,571</td> <td>1,595,571</td> <td>143,881</td> <td>1,040,238</td> <td>411,451</td> </tr> <tr> <td>2011</td> <td>2,528,556</td> <td>2,547,238</td> <td>2,547,238</td> <td>138,076</td> <td>1,692,785</td> <td>716,377</td> </tr> </tbody> </table>	5fbf7600955c0f000097770b	5e6736bcf3871400194970b8	19
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Administrator Funds</td> <td>Credit assignment origin</td> </tr> <tr> <td>Concórdia S.A. Corretora de Valores Mobiliários Câmbio e Commodities:</td> <td></td> </tr> <tr> <td>Multicredit Credit Assignment Investment Fund</td> <td>“Pão de Açúcar”, “Martins” and</td> </tr> <tr> <td>Tribanco-Martins – Credit Assignment Investment Fund</td> <td>“Minerva” Companies “Martins” company</td> </tr> <tr> <td>Oliveira Trust Distribuidora de Títulos e Valores Mobiliários S.A.:</td> <td></td> </tr> <tr> <td>Minerva – Credit Assignment Investment Fund – Mercantile</td> <td>“Minerva” company</td> </tr> <tr> <td>Credit</td> <td></td> </tr> </tbody> </table>	5fbf76be955c0f000097770c	5e6736bcf3871400194970b8	20
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="4">Term</td> </tr> <tr> <td></td> <td>Balances</td> <td>Within 90 days</td> <td>From 91 365 days</td> <td>Above 365 days</td> </tr> <tr> <td>Assets</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Cash and cash equivalents</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Cash</td> <td>1,138</td> <td>1,138</td> <td>-</td> <td>-</td> </tr> <tr> <td>Short-term interbank investments</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Open market investments - LTN</td> <td>17,159</td> <td>17,159</td> <td>-</td> <td>-</td> </tr> <tr> <td>Marketable securities</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Own portfolio - LFT</td> <td>218,378</td> <td>57,625</td> <td>3,339</td> <td>157,414</td> </tr> <tr> <td>- Bank deposit certificate</td> <td>11,020</td> <td>-</td> <td>11,020</td> <td>-</td> </tr> <tr> <td>- Financial bill</td> <td>10,842</td> <td>-</td> <td>-</td> <td>10,842</td> </tr> <tr> <td>- FIDC</td> <td>224,360</td> <td>-</td> <td>-</td> <td>224,360</td> </tr> <tr> <td></td> <td>464,600</td> <td>57,625</td> <td>14,359</td> <td>392,616</td> </tr> <tr> <td>Other receivables</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Unearned income</td> <td>292,297</td> <td>279,552</td> <td>12,745</td> <td>-</td> </tr> <tr> <td>Other assets receivable</td> <td>15,032</td> <td>15,032</td> <td>-</td> <td>-</td> </tr> <tr> <td></td> <td>307,329</td> <td>294,584</td> <td>12,745</td> <td>-</td> </tr> <tr> <td>Total</td> <td>790,226</td> <td>370,506</td> <td>27,104</td> <td>392,616</td> </tr> <tr> <td>Liabilities and equity Other liabilities</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Income tax payable</td> <td>23,246</td> <td>23,246</td> <td>-</td> <td>-</td> </tr> <tr> <td>Creditors – pending settlements</td> <td>1,134</td> <td>1,134</td> <td>-</td> <td>-</td> </tr> <tr> <td>Other administrative expenses</td> <td>197</td> <td>197</td> <td>-</td> <td>-</td> </tr> <tr> <td>Fund’s net assets</td> <td>24,577 765,649</td> <td>24,577 765,649</td> <td>- -</td> <td>- -</td> </tr> <tr> <td>Total</td> <td>790,226</td> <td>790,226</td> <td>-</td> <td>-</td> </tr> </tbody> </table>	5fbf76f7955c0f000097770d	5e6736bcf3871400194970b8	21
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Derivative financial instruments - assets</td> <td>2012</td> <td>2011</td> </tr> <tr> <td>Swap - Difference receivable</td> <td>6,598</td> <td>2,169</td> </tr> <tr> <td>Options - premiums paid</td> <td>2,992</td> <td>16,092</td> </tr> <tr> <td>Call back swaption</td> <td>920</td> <td>-</td> </tr> <tr> <td>NDF - difference receivable</td> <td>29,179</td> <td>64,430</td> </tr> <tr> <td>Derivative financial instruments - liabilities</td> <td>39,689</td> <td>82,691</td> </tr> <tr> <td>Swap - difference payable</td> <td>(44,064)</td> <td>(19,068)</td> </tr> <tr> <td>Options - premiums received</td> <td>(2,501)</td> <td>(10,290)</td> </tr> <tr> <td>NDF - difference payable</td> <td>(15,748)</td> <td>(49,223)</td> </tr> <tr> <td></td> <td>(62,313)</td> <td>(78,581)</td> </tr> </tbody> </table>	5fbf7765955c0f000097770e	5e6736bcf3871400194970b8	22
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="5">2012 2011</td> </tr> <tr> <td></td> <td></td> <td></td> <td colspan="2">Market value</td> <td></td> </tr> <tr> <td></td> <td>Reference value</td> <td>Assets</td> <td>Liabilities</td> <td>Net position</td> <td>Net position</td> </tr> <tr> <td>) Index</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>CDI vs. US Dollar</td> <td>439,756</td> <td>478,627</td> <td>(510,313)</td> <td>(31,686)</td> <td>(16,082)</td> </tr> <tr> <td>CDI vs. Index</td> <td>125,000</td> <td>143,523</td> <td>(153,935)</td> <td>(10,412)</td> <td>(1,762)</td> </tr> <tr> <td>US Dollar vs. CDI</td> <td>75,000</td> <td>85,164</td> <td>(81,167)</td> <td>3,997</td> <td>-</td> </tr> <tr> <td>US Dollar vs. Other</td> <td>69,316</td> <td>80,235</td> <td>(78,576)</td> <td>1,659</td> <td>1,649</td> </tr> <tr> <td>Other vs. US Dollar</td> <td>69,316</td> <td>78,577</td> <td>(79,601)</td> <td>(1,024)</td> <td>(704)</td> </tr> <tr> <td></td> <td>778,388</td> <td>866,126</td> <td>(903,592)</td> <td>(37,466)</td> <td>(16,899)</td> </tr> <tr> <td>I) Trading place:</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>OTC</td> <td>778,388</td> <td>866,126</td> <td>(903,592)</td> <td>(37,466)</td> <td>(16,899)</td> </tr> <tr> <td></td> <td>778,388</td> <td>866,126</td> <td>(903,592)</td> <td>(37,466)</td> <td>(16,899)</td> </tr> <tr> <td>II) Maturity:</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Within 90 days</td> <td>132,260</td> <td>144,272</td> <td>(150,053)</td> <td>(5,781)</td> <td>(6,046)</td> </tr> <tr> <td>From 91 to 365 days</td> <td>196,167</td> <td>218,788</td> <td>(235,006)</td> <td>(16,218)</td> <td>(1,987)</td> </tr> <tr> <td>Above 365 days</td> <td>449,961</td> <td>503,066</td> <td>(518,533)</td> <td>(15,467)</td> <td>(8,866)</td> </tr> <tr> <td></td> <td>778,388</td> <td>866,126</td> <td>(903,592)</td> <td>(37,466)</td> <td>(16,899)</td> </tr> </tbody> </table>	5fbf7790955c0f000097770f	5e6736bcf3871400194970b8	23
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td></td> <td>20</td> <td>12</td> <td></td> <td>2011</td> </tr> <tr> <td></td> <td></td> <td></td> <td colspan="2">Market value</td> <td></td> </tr> <tr> <td></td> <td>Reference value</td> <td>Assets</td> <td>Liabilities</td> <td>Net position</td> <td>Net position</td> </tr> <tr> <td>I) Type:</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Call option</td> <td>25,672</td> <td>920</td> <td>-</td> <td>920</td> <td>-</td> </tr> <tr> <td></td> <td>25,672</td> <td>920</td> <td>-</td> <td>920</td> <td>-</td> </tr> <tr> <td>II) Trading place:</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>OTC</td> <td>25,672</td> <td>920</td> <td>-</td> <td>920</td> <td>-</td> </tr> <tr> <td></td> <td>25,672</td> <td>920</td> <td>-</td> <td>920</td> <td>-</td> </tr> <tr> <td>III) Maturity:</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>From 91 to 365 days</td> <td>25,672</td> <td>920</td> <td>-</td> <td>920</td> <td>-</td> </tr> <tr> <td></td> <td>25,672</td> <td>920</td> <td>-</td> <td>920</td> <td>-</td> </tr> </tbody> </table>	5fbf7a35955c0f0000977710	5e6736bcf3871400194970b8	23
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2012 2011</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td></td> <td>Book financial value</td> <td>Market Restated</td> <td>Assets</td> <td>Mark Liabilities</td> <td>t value Net position</td> <td>Net position</td> </tr> <tr> <td>I) Type:</td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>a) Flexible options:</td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Purchase of call options</td> <td>66,250</td> <td>341</td> <td>242</td> <td>-</td> <td>242</td> <td>-</td> </tr> <tr> <td>Sale of call options</td> <td>52,312</td> <td>(388)</td> <td>-</td> <td>(185)</td> <td>(185)</td> <td>-</td> </tr> <tr> <td>Sale of put options</td> <td>63,480</td> <td>(833)</td> <td>-</td> <td>(666)</td> <td>(666)</td> <td>-</td> </tr> <tr> <td>b) Standard options:</td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Purchase of call options</td> <td>62,375</td> <td>1,134</td> <td>624</td> <td>-</td> <td>624</td> <td>16,092</td> </tr> <tr> <td>Purchase of put options</td> <td>110,250</td> <td>1,224</td> <td>2,126</td> <td>-</td> <td>2,126</td> <td>-</td> </tr> <tr> <td>Sale of call options</td> <td>71,100</td> <td>(951)</td> <td>-</td> <td>(520)</td> <td>(520)</td> <td>(10,290)</td> </tr> <tr> <td>Sale of put options</td> <td>67,875</td> <td>(378)</td> <td>-</td> <td>(1,130)</td> <td>(1,130)</td> <td>-</td> </tr> <tr> <td></td> <td>493,642</td> <td>149</td> <td>2,992</td> <td>(2,501)</td> <td>491</td> <td>5,802</td> </tr> <tr> <td>II) Trading place:</td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>a) Flexible options: OTC</td> <td>182,042</td> <td>(880)</td> <td>242</td> <td>(851)</td> <td>(609)</td> <td>-</td> </tr> <tr> <td>b) Standard options:</td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Stock exchange</td> <td>311,600</td> <td>1,029</td> <td>2,750</td> <td>(1,650)</td> <td>1,100</td> <td>5,802</td> </tr> <tr> <td></td> <td>493,642</td> <td>149</td> <td>2,992</td> <td>(2,501)</td> <td>491</td> <td>5,802</td> </tr> <tr> <td>III) Maturity:</td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>a) Flexible options:</td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Within 90 days</td> <td>47,260</td> <td>(31)</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> </tr> <tr> <td>From 91 to 365 days</td> <td>132,095</td> <td>(630)</td> <td>242</td> <td>(736)</td> <td>(494)</td> <td>-</td> </tr> <tr> <td>Above 365 days</td> <td>2,687</td> <td>(219)</td> <td>-</td> <td>(115)</td> <td>(115)</td> <td>-</td> </tr> <tr> <td>b) Standard options:</td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Within 90 days</td> <td>223,000</td> <td>1,414</td> <td>2,361</td> <td>(1,130)</td> <td>1,231</td> <td>5,153</td> </tr> <tr> <td>From 91 to 365 days</td> <td>86,500</td> <td>(251)</td> <td>389</td> <td>(408)</td> <td>(19)</td> <td>649</td> </tr> <tr> <td>Above 365 days</td> <td>2,100</td> <td>(134)</td> <td>-</td> <td>(112)</td> <td>(112)</td> <td>-</td> </tr> <tr> <td></td> <td>493,642</td> <td>149</td> <td>2,992</td> <td>(2,501)</td> <td>491</td> <td>5,802</td> </tr> </tbody> </table>	5fbf7ad0955c0f0000977711	5e6736bcf3871400194970b8	24
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="4">2012</td> <td>2011</td> </tr> <tr> <td></td> <td>Reference value</td> <td>Amounts receivable</td> <td>Mar Amounts payable</td> <td>et value Net position</td> <td>Net position</td> </tr> <tr> <td>I) Type:</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>a) Currencies:</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Purchase</td> <td>994,846</td> <td>24,414</td> <td>(11,271)</td> <td>13,143</td> <td>56,069</td> </tr> <tr> <td>Sale</td> <td>9,520</td> <td>203</td> <td>-</td> <td>203</td> <td>(42,276)</td> </tr> <tr> <td>b) Commodities:</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Purchase</td> <td>52,823</td> <td>421</td> <td>(4,116)</td> <td>(3,695)</td> <td>(407)</td> </tr> <tr> <td>Sale</td> <td>49,707</td> <td>4,141</td> <td>(361)</td> <td>3,780</td> <td>1,821</td> </tr> <tr> <td></td> <td>1,106,896</td> <td>29,179</td> <td>(15,748)</td> <td>13,431</td> <td>15,207</td> </tr> <tr> <td>II) Trading place:</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>OTC</td> <td>1,106,896</td> <td>29,179</td> <td>(15,748)</td> <td>13,431</td> <td>15,207</td> </tr> <tr> <td></td> <td>1,106,896</td> <td>29,179</td> <td>(15,748)</td> <td>13,431</td> <td>15,207</td> </tr> <tr> <td>III) Maturity:</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Within 90 days</td> <td>285,382</td> <td>10,225</td> <td>(4,675)</td> <td>5,550</td> <td>3,748</td> </tr> <tr> <td>From 91 to 365 days</td> <td>732,945</td> <td>11,874</td> <td>(10,678)</td> <td>1,196</td> <td>5,101</td> </tr> <tr> <td>Above 365 days</td> <td>88,569</td> <td>7,080</td> <td>(395)</td> <td>6,685</td> <td>6,358</td> </tr> <tr> <td></td> <td>1,106,896</td> <td>29,179</td> <td>(15,748)</td> <td>13,431</td> <td>15,207</td> </tr> </tbody> </table>	5fbf7bec955c0f0000977712	5e6736bcf3871400194970b8	24
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>20</td> <td>12</td> <td>2</td> <td>11</td> </tr> <tr> <td></td> <td>Long position</td> <td>Short position</td> <td>Long position</td> <td>Short position</td> </tr> <tr> <td>I) Type:</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Future - DI</td> <td>988,775</td> <td>322,065</td> <td>2,123,480</td> <td>1,132,456</td> </tr> <tr> <td>Future - DDI Future - DOL</td> <td>2,155,696 453,716</td> <td>1,314,281 839,984</td> <td>1,402,726 263,675</td> <td>661,894 544,557</td> </tr> <tr> <td>Future - COMMODITIES</td> <td>-</td> <td>4,853</td> <td>-</td> <td>11,863</td> </tr> <tr> <td></td> <td>3,598,187</td> <td>2,481,183</td> <td>3,789,881</td> <td>2,350,770</td> </tr> <tr> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Within 90 days</td> <td>637,254</td> <td>1,251,783</td> <td>1,700,270</td> <td>1,226,529</td> </tr> <tr> <td>From 91 to 365 days Above 365 days</td> <td>738,661 2,222,272</td> <td>535,389 694,011</td> <td>365,729 1,723,882</td> <td>530,927 593,314</td> </tr> <tr> <td></td> <td>3,598,187</td> <td>2,481,183</td> <td>3,789,881</td> <td>2,350,770</td> </tr> </tbody> </table>	5fbf7c96955c0f0000977713	5e6736bcf3871400194970b8	25
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2012</td> <td>2011</td> </tr> <tr> <td>Hedged items</td> <td></td> <td></td> </tr> <tr> <td>Amount restated under agreed-upon conditions</td> <td>1,030,478</td> <td>422,697</td> </tr> <tr> <td>Market value</td> <td>1,067,970</td> <td>441,057</td> </tr> <tr> <td>Adjustment value</td> <td>37,492</td> <td>18,360</td> </tr> <tr> <td>Hedge instruments</td> <td></td> <td></td> </tr> <tr> <td>Market value</td> <td>1,124,767</td> <td>445,701</td> </tr> </tbody> </table>	5fbf7d17955c0f0000977714	5e6736bcf3871400194970b8	25
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2012</td> <td>2011</td> </tr> <tr> <td>Securing stock exchange transactions</td> <td></td> <td></td> </tr> <tr> <td>Government bonds</td> <td></td> <td></td> </tr> <tr> <td>National Treasury Bills (LTN)</td> <td>96,775</td> <td>226,298</td> </tr> <tr> <td>National Treasury Notes – (NTN)</td> <td>177,771</td> <td>-</td> </tr> <tr> <td>Securing OTC transactions in clearing and settlement house</td> <td></td> <td></td> </tr> <tr> <td>Government bonds</td> <td></td> <td></td> </tr> <tr> <td>National Treasury Bills (LTN)</td> <td>48,344</td> <td>23,616</td> </tr> <tr> <td>National Treasury Notes – (NTN)</td> <td>21,499</td> <td>-</td> </tr> <tr> <td></td> <td>344,389</td> <td>249,914</td> </tr> </tbody> </table>	5fbf7d3e955c0f0000977715	5e6736bcf3871400194970b8	25
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td colspan="7">2012</td> <td>2011</td> </tr> <tr> <td>Product</td> <td>Rural</td> <td>Manufactu ring</td> <td colspan="2">Trade xxx Individual</td> <td colspan="2">Other services Total</td> <td>Total</td> </tr> <tr> <td>Foreign fund onlending</td> <td>,741,707</td> <td>-</td> <td>-</td> <td>657,744</td> <td>4,175</td> <td>2,403,626</td> <td>2,009,023</td> </tr> <tr> <td>Export financing</td> <td>384,671</td> <td>1,373,970</td> <td>325,567</td> <td>27,070</td> <td>361</td> <td>2,111,639</td> <td>717,956</td> </tr> <tr> <td>Advances on foreign exchange contracts</td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>(note 7)*</td> <td>36,394</td> <td>639,126</td> <td>172,396</td> <td>-</td> <td>5,132</td> <td>853,048</td> <td>561,869</td> </tr> <tr> <td>Finame</td> <td>399,019</td> <td>11,047</td> <td>-</td> <td>7,669</td> <td>5,549</td> <td>423,284</td> <td>321,169</td> </tr> <tr> <td>Working capital</td> <td>150,847</td> <td>36,724</td> <td>16,168</td> <td>80,336</td> <td>-</td> <td>284,075</td> <td>272,694</td> </tr> <tr> <td>Agribusiness credit assignment certificates</td> <td>-</td> <td>259,631</td> <td>-</td> <td>-</td> <td>-</td> <td>259,631</td> <td>224,072</td> </tr> <tr> <td>BNDES</td> <td>61,266</td> <td>71,518</td> <td>1,305</td> <td>1,117</td> <td>4,092</td> <td>139,298</td> <td>113,885</td> </tr> <tr> <td>Funcafé</td> <td>84,238</td> <td>10,035</td> <td>-</td> <td>-</td> <td>5,066</td> <td>99,339</td> <td>98,780</td> </tr> <tr> <td>Compror</td> <td>1,142</td> <td>2,096</td> <td>22,143</td> <td>1,719</td> <td>-</td> <td>27,100</td> <td>250,630</td> </tr> <tr> <td>Secured account</td> <td>4,645</td> <td>-</td> <td>-</td> <td>-</td> <td>20,152</td> <td>24,797</td> <td>-</td> </tr> <tr> <td>Vendor</td> <td>-</td> <td>-</td> <td>1,054</td> <td>9,340</td> <td>-</td> <td>10,394</td> <td>-</td> </tr> <tr> <td>Import financing</td> <td>-</td> <td>-</td> <td>32</td> <td>-</td> <td>-</td> <td>32</td> <td>-</td> </tr> <tr> <td></td> <td>,863,929</td> <td>2,404,147</td> <td>538,665</td> <td>784,995</td> <td>44,527</td> <td>6,636,263</td> <td>4,570,078</td> </tr> </tbody> </table>	5fbf7d7f955c0f0000977716	5e6736bcf3871400194970b8	26
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="3"></td> <td></td> </tr> <tr> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> </tbody> </table>	5fbf7e1f955c0f0000977717	5e6736bcf3871400194970b8	26
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td colspan="5">2012 2011</td> </tr> <tr> <td>Risk level</td> <td>% minimum</td> <td>Total portfolio</td> <td>Allowance Total portfolio</td> <td>Allowance</td> </tr> <tr> <td>AA</td> <td>-</td> <td>1,205,059</td> <td>- 468,308</td> <td>-</td> </tr> <tr> <td>A</td> <td>0,5</td> <td>1,905,477</td> <td>9,527 1,216,986</td> <td>6,085</td> </tr> <tr> <td>B</td> <td>1,0</td> <td>3,255,485</td> <td>32,555 2,644,005</td> <td>26,440</td> </tr> <tr> <td>C</td> <td>3,0</td> <td>141,809</td> <td>4,254 105,336</td> <td>3,160</td> </tr> <tr> <td>D</td> <td>10,0</td> <td>42,098</td> <td>4,210 54,985</td> <td>5,499</td> </tr> <tr> <td>E</td> <td>30,0</td> <td>3,954</td> <td>1,186 1,448</td> <td>434</td> </tr> <tr> <td>F</td> <td>50,0</td> <td>20,630</td> <td>10,315 31,429</td> <td>15,715</td> </tr> <tr> <td>G</td> <td>70,0</td> <td>28,441</td> <td>19,909 11,318</td> <td>7,922</td> </tr> <tr> <td>H</td> <td>100,0</td> <td>33,310</td> <td>33,310 36,263</td> <td>36,263</td> </tr> <tr> <td></td> <td></td> <td>6,636,263</td> <td>115,266 4,570,078</td> <td>101,518</td> </tr> </tbody> </table>	5fbf7e5b955c0f0000977718	5e6736bcf3871400194970b8	26
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="2">2012</td> <td>2011</td> </tr> <tr> <td></td> <td>2 nd half</td> <td>Year</td> <td>Year</td> </tr> <tr> <td>Opening balance</td> <td>109,425</td> <td>101,518</td> <td>82,380</td> </tr> <tr> <td>Setting up</td> <td>20,347</td> <td>37,353</td> <td>64,964</td> </tr> <tr> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Write-offs to loss Foreign exchange variation of branch abroad</td> <td>(14,510) 4</td> <td>(23,659) 54</td> <td>(45,851) 25</td> </tr> <tr> <td>Closing balance</td> <td>115,266</td> <td>115,266</td> <td>101,518</td> </tr> <tr> <td>Recovery of loans written off to loss</td> <td>4,930</td> <td>21,414</td> <td>34,341</td> </tr> <tr> <td>Loan renegotiation</td> <td>246,738</td> <td>276,880</td> <td>235,485</td> </tr> </tbody> </table>	5fbf7fea955c0f0000977719	5e6736bcf3871400194970b8	27
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="2">2012</td> <td colspan="2">2011</td> </tr> <tr> <td></td> <td>Assets</td> <td>Liabilities</td> <td>Assets</td> <td>Liabilities</td> </tr> <tr> <td>Unsettled foreign exchange purchase</td> <td>1,555,829</td> <td>-</td> <td>1,590,065</td> <td>-</td> </tr> <tr> <td>Unsettled foreign exchange sale</td> <td>-</td> <td>471,583</td> <td>-</td> <td>224,205</td> </tr> <tr> <td>Rights on foreign exchange sales</td> <td>467,834</td> <td>-</td> <td>217,427</td> <td>-</td> </tr> <tr> <td>Foreign exchange purchase liabilities</td> <td>-</td> <td>1,526,984</td> <td>-</td> <td>1,487,768</td> </tr> <tr> <td>Advances on foreign exchange contracts</td> <td>(40)</td> <td>-</td> <td>-</td> <td>-</td> </tr> <tr> <td>Income receivable from advances granted</td> <td>10,497</td> <td>-</td> <td>7,247</td> <td>-</td> </tr> <tr> <td>Advances on foreign exchange contracts</td> <td>-</td> <td>(842,551)</td> <td>-</td> <td>(554,622)</td> </tr> <tr> <td></td> <td>2,034,120</td> <td>1,156,016</td> <td>1,814,739</td> <td>1,157,351</td> </tr> </tbody> </table>	5fbf8037955c0f000097771a	5e6736bcf3871400194970b8	27
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2012</td> <td>2011</td> </tr> <tr> <td>Tax credits (note 9) (c)</td> <td>80,029</td> <td>73,806</td> </tr> <tr> <td>Taxes and contributions recoverable</td> <td>187</td> <td>76</td> </tr> <tr> <td>Other</td> <td>5,991</td> <td>5,991</td> </tr> <tr> <td></td> <td>86,207</td> <td>79,873</td> </tr> </tbody> </table>	5fbf8381955c0f000097771b	5e6736bcf3871400194970b8	27
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2012</td> <td>2011</td> </tr> <tr> <td>Net income before income taxes, less deductible profit sharing</td> <td>294,255</td> <td>196,288</td> </tr> <tr> <td>Income and social contribution taxes at the rates of 25% and 15%, respectively</td> <td>(117,702)</td> <td>(78,515)</td> </tr> <tr> <td>Effect of additions and exclusions from tax base: Interest on equity</td> <td>19,977</td> <td>15,664</td> </tr> <tr> <td>on non-deductible expenses, net of non-taxable profit</td> <td>(1,500)</td> <td>(2,156)</td> </tr> <tr> <td>on non-deductible interest/onlending from related parties</td> <td>(4,501)</td> <td>(3,442)</td> </tr> <tr> <td>on other amounts</td> <td>1,895</td> <td>1,024</td> </tr> <tr> <td>Income and social contribution tax results</td> <td>(101,831)</td> <td>(67,425)</td> </tr> </tbody> </table>	5fbf83ae955c0f000097771c	5e6736bcf3871400194970b8	28
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2012</td> <td>2011</td> </tr> <tr> <td>Opening balance</td> <td>73,806</td> <td>82,092</td> </tr> <tr> <td>(Set up/reversal)</td> <td></td> <td></td> </tr> <tr> <td>Against P&L for the period</td> <td>6,223</td> <td>(8,286)</td> </tr> <tr> <td>Closing balance</td> <td>80,029</td> <td>73,806</td> </tr> </tbody> </table>	5fbf852d955c0f000097771d	5e6736bcf3871400194970b8	28
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="2">2012</td> <td colspan="2">2011</td> </tr> <tr> <td></td> <td>Income tax</td> <td>Social contribution tax</td> <td>Total</td> <td>Total</td> </tr> <tr> <td>Temporary differences:</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Allowance for loan losses</td> <td>39,283</td> <td>23,570</td> <td>62,853</td> <td>61,532</td> </tr> <tr> <td>Provision for bonus/Profit Sharing payment</td> <td>6,129</td> <td>5,137</td> <td>11,266</td> <td>10,152</td> </tr> <tr> <td>Provision for contingent liabilities</td> <td>1,095</td> <td>657</td> <td>1,752</td> <td>1,294</td> </tr> <tr> <td>Market value adjustment (TVM), derivative financial instruments and hedged items</td> <td>2,599</td> <td>1,559</td> <td>4,158</td> <td>828</td> </tr> <tr> <td>Total tax credits</td> <td>49,106</td> <td>30,923</td> <td>80,029</td> <td>73,806</td> </tr> </tbody> </table>	5fbf8558955c0f000097771e	5e6736bcf3871400194970b8	28
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>Year</td> <td>Deferred income tax</td> <td>Deferred social contribution tax</td> <td>Total</td> </tr> <tr> <td>2013</td> <td></td> <td>17,668</td> <td>10,600</td> <td>28,268</td> </tr> <tr> <td>2014</td> <td></td> <td>15,255</td> <td>10,613</td> <td>25,868</td> </tr> <tr> <td>2015</td> <td></td> <td>3,753</td> <td>2,252</td> <td>6,005</td> </tr> <tr> <td>2016</td> <td></td> <td>2,902</td> <td>1,741</td> <td>4,643</td> </tr> <tr> <td>2017</td> <td></td> <td>3,679</td> <td>2,208</td> <td>5,887</td> </tr> <tr> <td>2018</td> <td></td> <td>2,918</td> <td>1,750</td> <td>4,668</td> </tr> <tr> <td>2019</td> <td></td> <td>2,931</td> <td>1,759</td> <td>4,690</td> </tr> <tr> <td></td> <td></td> <td>49,106</td> <td>30,923</td> <td>80,029</td> </tr> </tbody> </table>	5fbf85cc955c0f000097771f	5e6736bcf3871400194970b8	28
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> </tr> </tbody> </table>	5fbf85e8955c0f0000977720	5e6736bcf3871400194970b8	28
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Agribusiness credit bills</td> <td>Within 3 months 608,561</td> <td>From 3 to 12 months 808,361</td> <td>From 1 to 3 years 218,854</td> <td>Total 1,635,776</td> </tr> </tbody> </table>	5fbf866f955c0f0000977722	5e6736bcf3871400194970b8	29
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="4">2012</td> <td colspan="2"></td> <td>2011</td> </tr> <tr> <td></td> <td>Within 3 months</td> <td>From 3 to 12 months</td> <td>From 1 to 3 years</td> <td>From 3 to 5 years</td> <td>From 5 to 15 years</td> <td>Total</td> <td>Total</td> </tr> <tr> <td>Borrowings Abroad</td> <td>725,385</td> <td>686,704</td> <td>104,256</td> <td>40,870</td> <td>-</td> <td>1,557,215</td> <td>1,957,814</td> </tr> <tr> <td>Onlending</td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Local</td> <td>27,966</td> <td>189,598</td> <td>211,054</td> <td>156,800</td> <td>72,163</td> <td>657,581</td> <td>580,080</td> </tr> <tr> <td>Abroad</td> <td>50,767</td> <td>1,602,048</td> <td>1,279,200</td> <td>546,977</td> <td>310,909</td> <td>3,789,901</td> <td>2,904,953</td> </tr> <tr> <td></td> <td>804,118</td> <td>2,478,350</td> <td>1,594,510</td> <td>744,647</td> <td>383,072</td> <td>6,004,697</td> <td>5,442,847</td> </tr> </tbody> </table>	5fbf86c3955c0f0000977724	5e6736bcf3871400194970b8	30
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>Balance at 12/31/2011</td> <td>(Reversal)</td> <td>Monetary restatement</td> <td>Balance at 12/31/2012</td> </tr> <tr> <td>Provision for tax risks</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>FGTS</td> <td>2,238</td> <td>(60)</td> <td>8</td> <td>2,186</td> </tr> <tr> <td>Civil provision</td> <td>298</td> <td>(216)</td> <td>25</td> <td>107</td> </tr> <tr> <td>Labor provision</td> <td>699</td> <td>(555)</td> <td>31</td> <td>175</td> </tr> <tr> <td></td> <td>3,235</td> <td>(831)</td> <td>64</td> <td>2,468</td> </tr> </tbody> </table>	5fbf8887955c0f0000977726	5e6736bcf3871400194970b8	31
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2012</td> <td>2011</td> </tr> <tr> <td>Provision for bonuses and profit sharing</td> <td>18,270</td> <td>-</td> </tr> <tr> <td>Other personnel expenses payable</td> <td>8,209</td> <td>24,989</td> </tr> <tr> <td>Trade accounts payable</td> <td>2,165</td> <td>7,091</td> </tr> <tr> <td>Other administrative provisions</td> <td>1,911</td> <td>-</td> </tr> <tr> <td>Provision for legal claims (note 13) (c)</td> <td>282</td> <td>997</td> </tr> <tr> <td>Sundry</td> <td>1,953</td> <td>1,042</td> </tr> <tr> <td></td> <td>32,790</td> <td>34,119</td> </tr> </tbody> </table>	5fbf88d7955c0f0000977727	5e6736bcf3871400194970b8	32
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2012</td> <td>2011</td> </tr> <tr> <td>Rabobank International Holding B.V.</td> <td>592,935,021</td> <td>457,208,319</td> </tr> <tr> <td>Rabobank Curaçao N.V.</td> <td>1,856</td> <td>1,443</td> </tr> <tr> <td></td> <td>592,936,877</td> <td>457,209,762</td> </tr> </tbody> </table>	5fbf8925955c0f0000977728	5e6736bcf3871400194970b8	32
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2012</td> <td>2011</td> </tr> <tr> <td>Compensation (management fees)</td> <td>6,554</td> <td>5,538</td> </tr> <tr> <td>Bonuses</td> <td>2,927</td> <td>5,082</td> </tr> <tr> <td>Supplementary private pension plans</td> <td>324</td> <td>945</td> </tr> </tbody> </table>	5fbf8944955c0f0000977729	5e6736bcf3871400194970b8	33
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="2">2012</td> <td colspan="2">2011</td> </tr> <tr> <td></td> <td>Assets (liabilities)</td> <td>Revenues/ (expenses)</td> <td>Assets/ (liabilities)</td> <td>Revenues/ (expenses)</td> </tr> <tr> <td>Foreign currency deposits</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Rabobank Nederlands</td> <td>554</td> <td>(24)</td> <td>601</td> <td>(252)</td> </tr> <tr> <td>Open market investments</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Banco de Lage Landen Brasil S.A.</td> <td>-</td> <td>-</td> <td>-</td> <td>5,949</td> </tr> <tr> <td>Investments in interbank deposits</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Banco de Lage Landen Brasil S.A.</td> <td>-</td> <td>2,438</td> <td>143,946</td> <td>9,158</td> </tr> <tr> <td>Interbank onlending</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Banco de Lage Landen Brasil S.A.</td> <td>607</td> <td>9</td> <td>-</td> <td>-</td> </tr> <tr> <td>Foreign currency investments</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Rabobank Nederlands NY branch</td> <td>-</td> <td>(4,832)</td> <td>-</td> <td>27,867</td> </tr> <tr> <td>Foreign exchange portfolio</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Rabobank Nederlands</td> <td>(975)</td> <td>(1,070)</td> <td>8,818</td> <td>8,499</td> </tr> <tr> <td>Other receivables – (commissions payable)</td> <td></td> <td></td> <td></td> <td></td> </tr> </tbody> </table>	5fbf8991955c0f000097772a	5e6736bcf3871400194970b8	33
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="2">2012</td> <td colspan="2">2011</td> </tr> <tr> <td></td> <td>Assets (liabilities)</td> <td>Revenues/ (expenses)</td> <td>Assets/ (liabilities)</td> <td>Revenues/ (expenses)</td> </tr> <tr> <td>Rabobank Curaçao N.V.</td> <td>-</td> <td>15,886</td> <td>-</td> <td>14,763</td> </tr> <tr> <td>São Paulo Partners, LLC</td> <td>-</td> <td>4,785</td> <td>-</td> <td>7,027</td> </tr> <tr> <td>Interbank deposits</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Banco de Lage Landen Brasil S.A.</td> <td>(97,401)</td> <td>(13,856)</td> <td>(117,121)</td> <td>(6,395)</td> </tr> <tr> <td>Open market funding</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Banco de Lage Landen Brasil S.A.</td> <td>(187,520)</td> <td>(6,986)</td> <td>-</td> <td>(5,495)</td> </tr> <tr> <td>Agribusiness credit bills</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Administrative</td> <td>(4,599)</td> <td>(138)</td> <td>-</td> <td>-</td> </tr> <tr> <td>Derivative financial instruments</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Banco de Lage Landen Brasil S.A.</td> <td>(20,005)</td> <td>(13,301)</td> <td>(5,896)</td> <td>(3,292)</td> </tr> <tr> <td>Banco Cooperativo Sicredi S.A.</td> <td>-</td> <td>60</td> <td>-</td> <td>-</td> </tr> <tr> <td>Borrowings and onlending abroad</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>São Paulo Partners, LLC</td> <td>(3,480,371)</td> <td>(329,551)</td> <td>(2,454,992)</td> <td>(296,094)</td> </tr> <tr> <td>Rabobank Nederlands NY branch</td> <td>(1,295,554)</td> <td>(72,772)</td> <td>(675,777)</td> <td>(40,257)</td> </tr> <tr> <td>Rabobank Curaçao N.V.</td> <td>(134,037)</td> <td>(106,850)</td> <td>(1,295,677)</td> <td>(169,979)</td> </tr> <tr> <td>Tullaghought Company</td> <td>-</td> <td>915</td> <td>(46,657)</td> <td>(7,999)</td> </tr> <tr> <td>Rabobank Nederlands</td> <td>-</td> <td>-</td> <td>-</td> <td>66,683</td> </tr> <tr> <td>Other liabilities - (commissions payable)</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Banco Cooperativo Sicredi S.A. Banco de Lage Landen Brasil S.A.</td> <td>(2)</td> <td>(24)</td> <td>- (2)</td> <td>- (24)</td> </tr> </tbody> </table>	5fbf89fe955c0f000097772b	5e6736bcf3871400194970b8	34
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2012</td> <td>2011</td> </tr> <tr> <td>Commissioning received for advisory and transaction structuring services</td> <td>44,581</td> <td>21,894</td> </tr> <tr> <td>Business brokerage services</td> <td>20,671</td> <td>21,789</td> </tr> <tr> <td>Other services rendered and bank fees</td> <td>6,616</td> <td>5,537</td> </tr> <tr> <td></td> <td>71,868</td> <td>49,220</td> </tr> </tbody> </table>	5fbf8a4e955c0f000097772c	5e6736bcf3871400194970b8	34
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> </tr> </tbody> </table>	5fbf8a89955c0f000097772d	5e6736bcf3871400194970b8	34
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2012</td> <td>2011</td> </tr> <tr> <td>Cash and cash equivalents in local currency</td> <td>11,043</td> <td>1,482</td> </tr> <tr> <td>Cash and cash equivalents in foreign currency</td> <td>422,716</td> <td>121,818</td> </tr> <tr> <td>Total</td> <td>433,759</td> <td>123,300</td> </tr> <tr> <td>Open market investments</td> <td>3,337,584</td> <td>2,257,554</td> </tr> <tr> <td>Interbank deposits</td> <td>-</td> <td>143,946</td> </tr> <tr> <td>Total cash and cash equivalents</td> <td>3,771,343</td> <td>2,524,800</td> </tr> </tbody> </table>	5fbf8af0955c0f0000977730	5e6736bcf3871400194970b8	35
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2011</td> <td>2010</td> </tr> <tr> <td>Assets</td> <td></td> <td></td> </tr> <tr> <td>Current</td> <td>8,599,116</td> <td>5,976,547</td> </tr> <tr> <td>Cash and cash equivalents</td> <td>123,300</td> <td>222,584</td> </tr> <tr> <td>Short-term interbank investments</td> <td>2,401,500</td> <td>1,780,711</td> </tr> <tr> <td>Open market investments</td> <td>2,257,554</td> <td>1,610,372</td> </tr> <tr> <td>Interbank deposits</td> <td>143,946</td> <td>161,811</td> </tr> <tr> <td>Transactions denominated in foreign currency</td> <td>-</td> <td>8,528</td> </tr> <tr> <td>Marketable securities and derivative financial instruments</td> <td>1,905,362</td> <td>1,414,485</td> </tr> <tr> <td>Own portfolio</td> <td>1,776,779</td> <td>1,238,289</td> </tr> <tr> <td>Subject to repurchase agreements</td> <td>54,082</td> <td>26,305</td> </tr> <tr> <td>Subject to guarantees given</td> <td>-</td> <td>126,056</td> </tr> <tr> <td>Derivative financial instruments</td> <td>74,501</td> <td>23,835</td> </tr> <tr> <td>Interbank accounts</td> <td>3,163</td> <td>2,756</td> </tr> <tr> <td>Restricted deposits:</td> <td></td> <td></td> </tr> <tr> <td>Central Bank of Brazil</td> <td>3,158</td> <td>2,750</td> </tr> <tr> <td>Correspondent banks</td> <td>5</td> <td>6</td> </tr> <tr> <td>Loans</td> <td>2,342,595</td> <td>1,682,142</td> </tr> <tr> <td>Private sector</td> <td>2,391,708</td> <td>1,707,216</td> </tr> <tr> <td>Allowance for loan losses</td> <td>(49,113)</td> <td>(25,074)</td> </tr> <tr> <td>Sundry</td> <td>1,821,932</td> <td>873,744</td> </tr> <tr> <td>Foreign exchange portfolio</td> <td>1,814,739</td> <td>864,608</td> </tr> <tr> <td>Income receivable</td> <td>6,344</td> <td>7,583</td> </tr> <tr> <td>Securities trading</td> <td>-</td> <td>792</td> </tr> <tr> <td>Sundry</td> <td>2,795</td> <td>2,960</td> </tr> <tr> <td>Allowance for other loan losses</td> <td>(1,946)</td> <td>(2,199)</td> </tr> <tr> <td>Other assets</td> <td>1,264</td> <td>125</td> </tr> <tr> <td>Other assets</td> <td>1,160</td> <td>-</td> </tr> <tr> <td>Prepaid expenses</td> <td>104</td> <td>125</td> </tr> <tr> <td>Non-current assets</td> <td>2,367,687</td> <td>2,244,182</td> </tr> <tr> <td>Marketable securities and</td> <td></td> <td></td> </tr> <tr> <td>derivative financial instruments</td> <td>724,567</td> <td>1,240,207</td> </tr> <tr> <td>Own portfolio</td> <td>466,463</td> <td>1,239,694</td> </tr> <tr> <td>Subject to guarantees given</td> <td>249,914</td> <td>-</td> </tr> <tr> <td>Derivative financial instruments</td> <td>8,190</td> <td>513</td> </tr> <tr> <td>Loans</td> <td>1,566,042</td> <td>917,696</td> </tr> <tr> <td>Private sector</td> <td>1,616,501</td> <td>970,193</td> </tr> <tr> <td>Allowance for loan losses</td> <td>(50,459)</td> <td>(52,497)</td> </tr> <tr> <td>Sundry</td> <td>77,078</td> <td>86,279</td> </tr> <tr> <td>Sundry</td> <td>77,078</td> <td>88,889</td> </tr> <tr> <td>Allowance for other loan losses</td> <td>-</td> <td>(2,610)</td> </tr> <tr> <td>Permanent assets</td> <td>23,287</td> <td>15,210</td> </tr> <tr> <td>Investments</td> <td>6</td> <td>6</td> </tr> <tr> <td>Other investments</td> <td>6</td> <td>6</td> </tr> <tr> <td>Property and equipment in use</td> <td>11,671</td> <td>6,093</td> </tr> <tr> <td>Other property and equipment in use</td> <td>19,743</td> <td>13.710</td> </tr> <tr> <td>Accumulated depreciation</td> <td>(8,072)</td> <td>(7,617)</td> </tr> <tr> <td>Intangible assets</td> <td>11,610</td> <td>9,111</td> </tr> <tr> <td>Intangible assets</td> <td>14,653</td> <td>10,606</td> </tr> <tr> <td>Accumulated amortization</td> <td>(3,043)</td> <td>(1,495)</td> </tr> <tr> <td>Total</td> <td>10,990,090</td> <td>8,235,939</td> </tr> </tbody> </table>	5fbe6466955c0f00009776dd	5e6736b1f387140019496dd8	7
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2011</td> <td>2010</td> </tr> <tr> <td>Liabilities</td> <td></td> <td></td> </tr> <tr> <td>Current</td> <td>6,876,451</td> <td>5,671,413</td> </tr> <tr> <td>Deposits</td> <td>182,450</td> <td>81,886</td> </tr> <tr> <td>Demand deposits</td> <td>19,621</td> <td>1,215</td> </tr> <tr> <td>Interbank deposits</td> <td>30,029</td> <td>16</td> </tr> <tr> <td>Time deposits</td> <td>132,480</td> <td>80,392</td> </tr> <tr> <td>Other deposits</td> <td>320</td> <td>263</td> </tr> <tr> <td>Open market funding</td> <td>551,168</td> <td>1,016,847</td> </tr> <tr> <td>Own portfolio</td> <td>53,980</td> <td>26,260</td> </tr> <tr> <td>Third-party portfolio</td> <td>497,188</td> <td>990,587</td> </tr> <tr> <td>Funds from acceptance and issue of securities</td> <td>1,965,474</td> <td>1,442,926</td> </tr> <tr> <td>Real estate, mortgage, credit and similar notes</td> <td>1,965,474</td> <td>1,442,926</td> </tr> <tr> <td>Interdepartmental accounts</td> <td>20,040</td> <td>44,758</td> </tr> <tr> <td>Third-party funds in transit</td> <td>20,040</td> <td>44,758</td> </tr> <tr> <td>Borrowings</td> <td>1,928,183</td> <td>564,500</td> </tr> <tr> <td>Foreign borrowings</td> <td>1,928,183</td> <td>564,500</td> </tr> <tr> <td>Local on-lending – Official Institutions</td> <td>248,320</td> <td>147,793</td> </tr> <tr> <td>BNDES</td> <td>19,417</td> <td>18,789</td> </tr> <tr> <td>FINAME</td> <td>73,218</td> <td>52,048</td> </tr> <tr> <td>Other institutions</td> <td>155,685</td> <td>76,956</td> </tr> <tr> <td>Foreign on-lending</td> <td>640,140</td> <td>1,785,065</td> </tr> <tr> <td>Foreign on-lending</td> <td>640,140</td> <td>1,785,065</td> </tr> <tr> <td>Derivative financial instruments</td> <td>67,883</td> <td>86,088</td> </tr> <tr> <td>Derivative financial instruments</td> <td>67,883</td> <td>86,088</td> </tr> <tr> <td>Other liabilities</td> <td>1,272,793</td> <td>501,550</td> </tr> <tr> <td>Collection of taxes and other contributions</td> <td>1,357</td> <td>1,197</td> </tr> <tr> <td>Foreign exchange portfolio</td> <td>1,157,351</td> <td>430,184</td> </tr> <tr> <td>Social and statutory</td> <td>12,558</td> <td>2,761</td> </tr> <tr> <td>Income and social security taxes</td> <td>50,367</td> <td>16,465</td> </tr> <tr> <td>Securities trading and brokerage</td> <td>4,141</td> <td>-</td> </tr> <tr> <td>Subordinated debts</td> <td>13,898</td> <td>13,484</td> </tr> <tr> <td>Sundry</td> <td>33,121</td> <td>37,459</td> </tr> <tr> <td>Non-current liabilities</td> <td>3,335,216</td> <td>1,911,847</td> </tr> <tr> <td>Deposits</td> <td>323,415</td> <td>427,836</td> </tr> <tr> <td>Interbank deposits</td> <td>87,092</td> <td>-</td> </tr> <tr> <td>Time deposits</td> <td>236,323</td> <td>427,836</td> </tr> <tr> <td>Funds from acceptance and issue of securities</td> <td>64,404</td> <td>5,949</td> </tr> <tr> <td>Real estate, mortgage, credit and similar notes</td> <td>64,404</td> <td>5,949</td> </tr> <tr> <td>Borrowings</td> <td>29,631</td> <td>69,019</td> </tr> <tr> <td>Foreign borrowings</td> <td>29,631</td> <td>69,019</td> </tr> <tr> <td>Local on-lending – Official Institutions</td> <td>331,760</td> <td>252,503</td> </tr> <tr> <td>BNDES</td> <td>86,689</td> <td>104,458</td> </tr> <tr> <td>FINAME</td> <td>241,125</td> <td>139,035</td> </tr> <tr> <td>Other institutions</td> <td>3,946</td> <td>9,010</td> </tr> <tr> <td>Foreign on-lending</td> <td>2,264,813</td> <td>848,045</td> </tr> <tr> <td>Foreign on-lending</td> <td>2,264,813</td> <td>848,045</td> </tr> <tr> <td>Derivative financial instruments</td> <td>10,698</td> <td>2,006</td> </tr> <tr> <td>Derivative financial instruments</td> <td>10,698</td> <td>2,006</td> </tr> <tr> <td>Other liabilities</td> <td>310,495</td> <td>306,489</td> </tr> <tr> <td>Income and social security taxes</td> <td>9,497</td> <td>6,277</td> </tr> <tr> <td>Subordinated debts</td> <td>300,000</td> <td>300,000</td> </tr> <tr> <td>Sundry</td> <td>998</td> <td>212</td> </tr> <tr> <td>Equity</td> <td>778,423</td> <td>652,679</td> </tr> <tr> <td>Capital :</td> <td></td> <td></td> </tr> <tr> <td>Foreign residents</td> <td>476,471</td> <td>443,184</td> </tr> <tr> <td>Income reserve - Statutory</td> <td>263,722</td> <td>180,463</td> </tr> <tr> <td>Income reserve – Legal</td> <td>27,342</td> <td>20,899</td> </tr> <tr> <td>Equity pick-up</td> <td>10,888</td> <td>8,133</td> </tr> <tr> <td></td> <td></td> <td></td> </tr> <tr> <td>Total</td> <td>10,990,090</td> <td>8,235,939</td> </tr> </tbody> </table>	5fbe65d8955c0f00009776df	5e6736b1f387140019496dd8	8
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="2">2011</td> <td>2010</td> </tr> <tr> <td></td> <td>2 nd half-year</td> <td>Year</td> <td>Year</td> </tr> <tr> <td>Interest income</td> <td>1,144,694</td> <td>1,256,639</td> <td>513,724</td> </tr> <tr> <td>Credit operations</td> <td>568,358</td> <td>598,873</td> <td>228,854</td> </tr> <tr> <td>Result from marketable security transactions</td> <td>286,045</td> <td>583,966</td> <td>414,399</td> </tr> <tr> <td>Result from derivative financial instruments</td> <td>93,548</td> <td>(80,020)</td> <td>(129,529)</td> </tr> <tr> <td>Result from foreign exchange transactions</td> <td>196,743</td> <td>153,820</td> <td>-</td> </tr> <tr> <td>Interest expenses</td> <td>(958,792)</td> <td>(925,155)</td> <td>(273,893)</td> </tr> <tr> <td>Open market funding</td> <td>(150,347)</td> <td>(290,853)</td> <td>(218,081)</td> </tr> <tr> <td>Loans and on-lending</td> <td>(769,565)</td> <td>(569,338)</td> <td>(17,578)</td> </tr> <tr> <td>Result from foreign exchange transactions</td> <td>-</td> <td>-</td> <td>(12,916)</td> </tr> <tr> <td>Allowance for loan credit losses</td> <td>(38,880)</td> <td>(64,964)</td> <td>(25,318)</td> </tr> <tr> <td>Gross income interest</td> <td>185,902</td> <td>331,484</td> <td>239,831</td> </tr> <tr> <td>Other operating income (expenses)</td> <td>(63,743)</td> <td>(106,321)</td> <td>(98,947)</td> </tr> <tr> <td>Revenue from services rendered</td> <td>28,845</td> <td>49,220</td> <td>39,553</td> </tr> <tr> <td>Expenses with personnel</td> <td>(41,171)</td> <td>(65,958)</td> <td>(63,976)</td> </tr> <tr> <td>Expenses with executive remuneration</td> <td>(8,187)</td> <td>(14,030)</td> <td>(6,935)</td> </tr> <tr> <td>Other administrative expenses</td> <td>(34,430)</td> <td>(57,869)</td> <td>(48,646)</td> </tr> <tr> <td>Tax expenses</td> <td>(10,739)</td> <td>(19,335)</td> <td>(15,311)</td> </tr> <tr> <td>Other operating income</td> <td>2,436</td> <td>3,325</td> <td>550</td> </tr> <tr> <td>Other operating expenses</td> <td>(497)</td> <td>(1,674)</td> <td>(4,182)</td> </tr> <tr> <td>Operating income/expenses</td> <td>122,159</td> <td>225,163</td> <td>140,884</td> </tr> <tr> <td>Non-operating income (loss)</td> <td>432</td> <td>442</td> <td>(1,058)</td> </tr> <tr> <td>Income before taxes and profit sharing</td> <td>122,591</td> <td>225,605</td> <td>139,826</td> </tr> <tr> <td>Income and social contribution taxes</td> <td>(30,351)</td> <td>(67,425)</td> <td>(23,372)</td> </tr> <tr> <td>Provision for income tax</td> <td>(18,845)</td> <td>(36,764)</td> <td>(14,265)</td> </tr> <tr> <td>Provision for social contribution tax</td> <td>(11,727)</td> <td>(22,375)</td> <td>(8,714)</td> </tr> <tr> <td>Deferred tax assets</td> <td>221</td> <td>(8,286)</td> <td>(393)</td> </tr> <tr> <td>Profit sharing</td> <td>(12,380)</td> <td>(29,317)</td> <td>(14,421)</td> </tr> <tr> <td>Net income for the six-month period/years</td> <td>79,860</td> <td>128,863</td> <td>102,033</td> </tr> <tr> <td>Earnings per thousand shares – R$</td> <td>174.67</td> <td>281.85</td> <td>239.93</td> </tr> </tbody> </table>	5fbf4d42955c0f00009776e0	5e6736b1f387140019496dd8	9
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>Capital</td> <td>Capital increase</td> <td>Capital reserve</td> <td>Income reserve - Statutory</td> <td>Income reserve – Legal</td> <td>Equity pick-up</td> <td>Retained earnings (accumulated losses)</td> <td>Total</td> </tr> <tr> <td>Balances at December 31, 2009</td> <td>373,619</td> <td>38,343</td> <td>3,573</td> <td>66,388</td> <td>15,797</td> <td>-</td> <td>50,007</td> <td>547,727</td> </tr> <tr> <td>Capital increase approved in Special Shareholders’ Meeting (AGE) held on 12/30/2009</td> <td>38,343</td> <td>(38,343)</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> </tr> <tr> <td>Capital increase approved in Special Shareholders’ Meeting (AGE) held on 12/30/2010</td> <td>-</td> <td>31,222</td> <td>(3,288)</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>27,934</td> </tr> <tr> <td>Equity pick-up</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>8,133</td> <td>-</td> <td>8,133</td> </tr> <tr> <td>Other: Other</td> <td>-</td> <td>-</td> <td>(285)</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>(285)</td> </tr> <tr> <td>Net income for the year</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>102,033</td> <td>102,033</td> </tr> <tr> <td>Allocations: Legal reserve</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>5,102</td> <td>-</td> <td>(5,102)</td> <td>-</td> </tr> <tr> <td>Statutory reserve</td> <td>-</td> <td>-</td> <td>-</td> <td>114,075</td> <td>-</td> <td>-</td> <td>(114,075)</td> <td>-</td> </tr> <tr> <td>Interest on equity capital</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>(32,863)</td> <td>(32,863)</td> </tr> <tr> <td>Balances at December 31, 2010</td> <td>411,962</td> <td>31,222</td> <td>-</td> <td>180,463</td> <td>20,899</td> <td>8,133</td> <td>-</td> <td>652,679</td> </tr> <tr> <td>Capital increase approved in Special Shareholders’ Meeting (AGE) held on 12/30/2010</td> <td>31,222</td> <td>(31,222)</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> </tr> <tr> <td>Capital increase approved in Special Shareholders’ Meeting (AGE) held on 12/30/2011</td> <td>-</td> <td>33,287</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>33,287</td> </tr> <tr> <td>Equity pick-up</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>2,755</td> <td>-</td> <td>2,755</td> </tr> <tr> <td>Net income for the year</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>128,863</td> <td>128,863</td> </tr> <tr> <td>Allocations: Legal reserve</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>6,443</td> <td>-</td> <td>(6,443)</td> <td>-</td> </tr> <tr> <td>Statutory reserve</td> <td>-</td> <td>-</td> <td>-</td> <td>83,259</td> <td>-</td> <td>-</td> <td>(83,259)</td> <td>-</td> </tr> <tr> <td>Interest on equity capital</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>(39,161)</td> <td>(39,161)</td> </tr> <tr> <td>Balances at December 31, 2011</td> <td>443,184</td> <td>33,287</td> <td>-</td> <td>263,722</td> <td>27,342</td> <td>10,888</td> <td>-</td> <td>778,423</td> </tr> <tr> <td>Balances at June 30, 2011</td> <td>443,184</td> <td>-</td> <td>-</td> <td>180,463</td> <td>23,349</td> <td>8,118</td> <td>46,553</td> <td>701,667</td> </tr> <tr> <td>Capital increase approved in Special Shareholders’ Meeting (AGE) held on 12/30/2011</td> <td>-</td> <td>33,287</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>33,287</td> </tr> <tr> <td>Equity pick-up</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>2,770</td> <td>-</td> <td>2,770</td> </tr> <tr> <td>Net income for the six-month period</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>79,860</td> <td>79,860</td> </tr> <tr> <td>Allocations: Legal reserve</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>3,993</td> <td>-</td> <td>(3,993)</td> <td>-</td> </tr> <tr> <td>Statutory reserve</td> <td>-</td> <td>-</td> <td>-</td> <td>83,259</td> <td>-</td> <td>-</td> <td>(83,259)</td> <td>-</td> </tr> <tr> <td>Interest on equity capital</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>(39,161)</td> <td>(39,161)</td> </tr> <tr> <td>Balances at December 31, 2011</td> <td>443,184</td> <td>33,287</td> <td>-</td> <td>263,722</td> <td>27,342</td> <td>10,888</td> <td>-</td> <td>778,423</td> </tr> </tbody> </table>	5fbf4ee6955c0f00009776e1	5e6736b1f387140019496dd8	10
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2011</td> <td></td> <td>2010</td> </tr> <tr> <td></td> <td>half-year nd 2</td> <td colspan="2">Year Year</td> </tr> <tr> <td>Cash flow from operating activities:</td> <td></td> <td colspan="2"></td> </tr> <tr> <td>Net income</td> <td>79,860</td> <td colspan="2">128,863 102,033</td> </tr> <tr> <td>Adjustment to net income:</td> <td></td> <td colspan="2"></td> </tr> <tr> <td>Adjustments to market value</td> <td>2,770</td> <td colspan="2">2,755 8,133</td> </tr> <tr> <td>Depreciation</td> <td>1,076</td> <td colspan="2">2,176 2,155</td> </tr> <tr> <td>Amortization</td> <td>1,040</td> <td colspan="2">1,740 1,085</td> </tr> <tr> <td>Allowance for loan losses</td> <td>38,880</td> <td colspan="2">64,964 25,318</td> </tr> <tr> <td>Provisions for impairment of non-financial assets</td> <td>(2,540)</td> <td colspan="2">(2,540) 1,000</td> </tr> <tr> <td>Provisions (reversals) for tax, civil and labor claims</td> <td>2,158</td> <td colspan="2">2,167 (36,892)</td> </tr> <tr> <td>Other</td> <td>-</td> <td colspan="2">- (285)</td> </tr> <tr> <td>Net income after adjustments</td> <td>123,244</td> <td colspan="2">200,125 102,547</td> </tr> <tr> <td>(Increase) decrease in marketable securities and derivative financial instruments</td> <td>1,052,421</td> <td colspan="2">15,250 (220,075)</td> </tr> <tr> <td>(Increase) in interbank accounts</td> <td>(420)</td> <td colspan="2">(407) (1,057)</td> </tr> <tr> <td>(Decrease) in interdepartmental accounts</td> <td>(2,471)</td> <td colspan="2">(24,718) (28,166)</td> </tr> <tr> <td>(Increase) in loans</td> <td>(1,263,609)</td> <td colspan="2">(1,373,504) (399,316)</td> </tr> <tr> <td>(Increase) in other receivables</td> <td>(304,949)</td> <td colspan="2">(936,706) (502,252)</td> </tr> <tr> <td>(Increase) in other receivables and assets</td> <td>(1,160)</td> <td colspan="2">(1,160) -</td> </tr> <tr> <td>(Increase) decrease in prepaid expenses</td> <td>(99)</td> <td colspan="2">21 11</td> </tr> <tr> <td>Increase in other liabilities</td> <td>82,019</td> <td colspan="2">773,082 336,195</td> </tr> <tr> <td></td> <td>(438,268)</td> <td colspan="2">(1,548,142) (814,660)</td> </tr> <tr> <td>Net cash used in operating activities</td> <td>(315,024)</td> <td colspan="2">(1,348,017) (712,113)</td> </tr> <tr> <td>Cash flow from investing activities:</td> <td></td> <td colspan="2"></td> </tr> <tr> <td>Disposal of property and equipment in use</td> <td>89</td> <td colspan="2">92 85</td> </tr> <tr> <td>Disposal of investments</td> <td>-</td> <td colspan="2">- 559</td> </tr> <tr> <td>Acquisition of property and equipment in use</td> <td>(6,321)</td> <td colspan="2">(7,846) (1,401)</td> </tr> <tr> <td>Acquisition of intangible assets</td> <td>(2,742)</td> <td colspan="2">(4,239) (5,188)</td> </tr> <tr> <td>Net cash used in investing activities</td> <td>(8,974)</td> <td colspan="2">(11,993) (5,945)</td> </tr> <tr> <td>Cash flows from financing activities:</td> <td></td> <td colspan="2"></td> </tr> <tr> <td>Increase (decrease) in deposits</td> <td>61,188</td> <td colspan="2">(3,857) 31,541</td> </tr> <tr> <td>Increase (decrease) in open market funding</td> <td>(397,223)</td> <td colspan="2">(465,679) 41,234</td> </tr> <tr> <td>Increase in funds from issue of securities</td> <td>228,582</td> <td colspan="2">581,003 309,437</td> </tr> <tr> <td>Increase in borrowings and on-lending</td> <td>1,121,597</td> <td colspan="2">1,775,922 463,762</td> </tr> <tr> <td>Capital increase</td> <td>33,287</td> <td colspan="2">33,287 27,934</td> </tr> <tr> <td>Interest on equity capital</td> <td>(39,161)</td> <td colspan="2">(39,161) (32,863)</td> </tr> <tr> <td>Cash flow from financing activities</td> <td>1,008,270</td> <td colspan="2">1,881,515 841,045</td> </tr> <tr> <td>Increase in cash and cash equivalents</td> <td>684,272</td> <td colspan="2">521,505 122,987</td> </tr> <tr> <td>Cash and cash equivalents</td> <td></td> <td colspan="2"></td> </tr> <tr> <td>At the beginning of the six-month period/years</td> <td>1,840,528</td> <td colspan="2">2,003,295 1,880,308</td> </tr> <tr> <td>At the end of the six-month period/years</td> <td>2,524,800</td> <td colspan="2">2,524,800 2,003,295</td> </tr> <tr> <td>Increase in cash and cash equivalents</td> <td>684,272</td> <td colspan="2">521,505 122,987</td> </tr> </tbody> </table>	5fbf5177955c0f00009776e2	5e6736b1f387140019496dd8	11
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="2">2011</td> <td colspan="2">2010</td> </tr> <tr> <td>Description</td> <td>Book value</td> <td>Market value</td> <td>Book value</td> <td>Market value</td> </tr> <tr> <td>Federal Government Bonds – National Treasury</td> <td>595,567</td> <td>595,567</td> <td>1,132,973</td> <td>1,132,973</td> </tr> <tr> <td>PãodeAçúcar – Credit Right Investment Fund (FIDC)</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Tribanco-Martins – Credit Right Investment Fund</td> <td>1,235,902</td> <td>1,235,902</td> <td>1,096,130</td> <td>1,096,130</td> </tr> <tr> <td>Minerva – Credit Right Investment Fund</td> <td>146,792 57,071</td> <td>146,792 57,071</td> <td>90,039 49,841</td> <td>90,039 49,841</td> </tr> <tr> <td>Nutriplant – Credit Right Investment Fund</td> <td>-</td> <td>-</td> <td>4,230</td> <td>4,230</td> </tr> <tr> <td>Equity shares</td> <td>14,956</td> <td>14,956</td> <td>13,639</td> <td>13,639</td> </tr> <tr> <td>Debentures</td> <td>192,954</td> <td>192,954</td> <td>89,493</td> <td>89,493</td> </tr> <tr> <td>Rural Product Bill</td> <td>-</td> <td>-</td> <td>1,638</td> <td>1,638</td> </tr> <tr> <td>Subtotal – own portfolio</td> <td>2,243,242</td> <td>2,243,242</td> <td>2,477,983</td> <td>2,477,983</td> </tr> <tr> <td>Federal Government Bonds – National Treasury</td> <td>54,082</td> <td>54,082</td> <td>26,305</td> <td>26,305</td> </tr> <tr> <td>Subtotal subject to repurchase agreements</td> <td>54,082</td> <td>54,082</td> <td>26,305</td> <td>26,305</td> </tr> <tr> <td>Federal Government Bonds – National Treasury</td> <td>249,914</td> <td>249,914</td> <td>126,056</td> <td>126,056</td> </tr> <tr> <td>Subtotal subject to guarantees given</td> <td>249,914</td> <td>249,914</td> <td>126,056</td> <td>126,056</td> </tr> <tr> <td></td> <td>2,547,238</td> <td>2,547,238</td> <td>2,630,344</td> <td>2,630,344</td> </tr> </tbody> </table>	5fbf5357955c0f00009776e3	5e6736b1f387140019496dd8	18
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td colspan="7">2011</td> </tr> <tr> <td colspan="7">Book value by maturity</td> </tr> <tr> <td></td> <td>Restated</td> <td>Market</td> <td>Book</td> <td>Up to</td> <td>From 91 to</td> <td>Over</td> </tr> <tr> <td>Category</td> <td>cost</td> <td>value</td> <td>value</td> <td>90 days</td> <td>365 days</td> <td>365 days</td> </tr> <tr> <td>FIDC</td> <td>1,439,765</td> <td>1,439,765</td> <td>1,439,765</td> <td>-</td> <td>1,292,973</td> <td>146,792</td> </tr> <tr> <td>Equity shares</td> <td>84</td> <td>14,956</td> <td>14,956</td> <td>14,956</td> <td>-</td> <td>-</td> </tr> <tr> <td>Debentures</td> <td>193,002</td> <td>192,954</td> <td>192,954</td> <td>-</td> <td>-</td> <td>192,954</td> </tr> <tr> <td>National Treasury Bill</td> <td>773,106</td> <td>776,443</td> <td>776,443</td> <td></td> <td></td> <td></td> </tr> <tr> <td>(LTN)</td> <td></td> <td></td> <td></td> <td>-</td> <td>399,812</td> <td>376,631</td> </tr> <tr> <td>National Treasury Note</td> <td>101,497</td> <td>101,483</td> <td>101,483</td> <td></td> <td></td> <td></td> </tr> <tr> <td>- F</td> <td></td> <td></td> <td></td> <td>101,483</td> <td>-</td> <td>-</td> </tr> <tr> <td>Trading</td> <td>2,507,454</td> <td>2,525,601</td> <td>2,525,601</td> <td>116,439</td> <td>1,692,785</td> <td>716,377</td> </tr> <tr> <td>National Treasury Note</td> <td>21,102</td> <td>21,637</td> <td>21,637</td> <td>21,637</td> <td></td> <td></td> </tr> <tr> <td>- B</td> <td></td> <td></td> <td></td> <td></td> <td>-</td> <td>-</td> </tr> <tr> <td>trading</td> <td>21,102</td> <td>21,637</td> <td>21,637</td> <td>21,637</td> <td>-</td> <td>-</td> </tr> <tr> <td></td> <td>2,528,556</td> <td>2,547,238</td> <td>2,547,238</td> <td>138,076</td> <td>1,692,785</td> <td>716,377</td> </tr> <tr> <td>2010</td> <td>2,617,108</td> <td>2,630,344</td> <td>2,630,344</td> <td>1,298,973</td> <td>91,677</td> <td>1,239,694</td> </tr> </tbody> </table>	5fbf5420955c0f00009776e4	5e6736b1f387140019496dd8	19
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Manager Funds</td> <td>Credit right origin</td> </tr> <tr> <td>Concórdia S.A. Corretora de Valores Mobiliários, Câmbio e Commodities</td> <td></td> </tr> <tr> <td>Pão de Açúcar – Credit Right Investment Fund</td> <td>“Pão de Companies Açúcar”</td> </tr> <tr> <td>Tribanco-Martins – Credit Right Investment Fund</td> <td>“Martins” Company</td> </tr> <tr> <td>Oliveira Trust Distribuidora de Títulos e Valores Mobiliários S.A.</td> <td></td> </tr> <tr> <td>Minerva – Credit Right Investment Fund – Mercantile Credit</td> <td>“Minerva” Company</td> </tr> <tr> <td>Nutriplant – Agricultural Industry Credit Right Investment Fund</td> <td>“Nutriplant” Company</td> </tr> </tbody> </table>	5fbf549c955c0f00009776e5	5e6736b1f387140019496dd8	20
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Derivative financial instruments – Assets</td> <td>2011</td> <td>2010</td> </tr> <tr> <td>Swap - difference receivable</td> <td>2,169</td> <td>7,405</td> </tr> <tr> <td>Options - premiums paid</td> <td>16,092</td> <td>1,331</td> </tr> <tr> <td>NDF - difference receivable</td> <td>64,430</td> <td>15,612</td> </tr> <tr> <td></td> <td>82,691</td> <td>24,348</td> </tr> <tr> <td>Derivative financial instruments – Liabilities</td> <td></td> <td></td> </tr> <tr> <td>Swap - difference payable</td> <td>(19,068)</td> <td>(1,540)</td> </tr> <tr> <td>Options - premiums received</td> <td>(10,290)</td> <td>(82)</td> </tr> <tr> <td>NDF - difference payable</td> <td>(49,223)</td> <td>(86,472)</td> </tr> <tr> <td></td> <td>(78,581)</td> <td>(88,094)</td> </tr> </tbody> </table>	5fbf54c3955c0f00009776e6	5e6736b1f387140019496dd8	22
<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="3">2011</td> <td></td> <td>2010</td> </tr> <tr> <td></td> <td></td> <td></td> <td colspan="2">Market value</td> <td></td> </tr> <tr> <td></td> <td>Reference value</td> <td>Assets</td> <td>Liabilities</td> <td>Net position</td> <td>Net position</td> </tr> <tr> <td>I) Index:</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>CDI vs. Dollar</td> <td>304,991</td> <td>326,286</td> <td>(342,368)</td> <td>(16,082)</td> <td>6,102</td> </tr> <tr> <td>CDI vs. Index</td> <td>125,000</td> <td>132,385</td> <td>(134,147)</td> <td>(1,762)</td> <td>-</td> </tr> <tr> <td>Dollar vs. Pre</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>(445)</td> </tr> <tr> <td>Dollar vs. Other</td> <td>158,597</td> <td>178,511</td> <td>(176,862)</td> <td>1,649</td> <td>1,293</td> </tr> <tr> <td>Other vs. Dollar</td> <td>158,596</td> <td>176,862</td> <td>(177,566)</td> <td>(704)</td> <td>(1,085)</td> </tr> <tr> <td></td> <td>747,184</td> <td>814,044</td> <td>(830,943)</td> <td>(16,899)</td> <td>5,865</td> </tr> <tr> <td>II) Trading place:</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>OTC</td> <td>747,184</td> <td>814,044</td> <td>(830,943)</td> <td>(16,899)</td> <td>5,865</td> </tr> <tr> <td></td> <td>747,184</td> <td>814,044</td> <td>(830,943)</td> <td>(16,899)</td> <td>5,865</td> </tr> <tr> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>III) Maturity:</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Within 90 days</td> <td>199,803</td> <td>213,048</td> <td>(219,094)</td> <td>(6,046)</td> <td>4,362</td> </tr> <tr> <td>From 91 to 365 days</td> <td>190,208</td> <td>215,825</td> <td>(217,812)</td> <td>(1,987)</td> <td>1,460</td> </tr> <tr> <td>Over 365 days</td> <td>357,173</td> <td>385,171</td> <td>(394,037)</td> <td>(8,866)</td> <td>43</td> </tr> <tr> <td></td> <td>747,184</td> <td>814,044</td> <td>(830,943)</td> <td>(16,899)</td> <td>5,865</td> </tr> </tbody> </table>	5fbf54f8955c0f00009776e7	5e6736b1f387140019496dd8	22

<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Account number</td> <td>Beginning balance</td> <td>Total credits</td> <td>Total debits</td> <td>Ending balance</td> </tr> <tr> <td>3942987615</td> <td>$305,903.49</td> <td>$1,234,956.17</td> <td>-$1,220,305.55</td> <td>$320,554.11</td> </tr> </tbody> </table>

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5e1c590bc72b7f002040aa38

1

<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Effective date</td> <td>Posted date</td> <td>Amount</td> <td>Transaction detail</td> </tr> <tr> <td></td> <td>11/01</td> <td>200,000.00</td> <td>Goal Internation Tbktowells Nov 01 Summit Education Group</td> </tr> <tr> <td></td> <td>11/02</td> <td>23.97</td> <td>Square Inc 181102R2 181102 L210395738840 Globaled Solutions Inc</td> </tr> <tr> <td></td> <td>11/07</td> <td>300.00</td> <td>Efunds Corp Codhs Ebt 0005798659 McGuire, Samuel Lei</td> </tr> <tr> <td></td> <td>11/07</td> <td>300.00</td> <td>Efunds Corp Codhs Ebt 0005798660 Parker, Tabatha Marie</td> </tr> <tr> <td></td> <td>11/07</td> <td>300.00</td> <td>Efunds Corp Codhs Ebt 0005799005 Swenson, Tanisha Cecilia</td> </tr> <tr> <td></td> <td>11/07</td> <td>300.00</td> <td>Efunds Corp Codhs Ebt 0005799017 Judd, Ashley Nicole</td> </tr> <tr> <td></td> <td>11/07</td> <td>300.00</td> <td>Efunds Corp Codhs Ebt 0005799022 Gilfillan, Faye C</td> </tr> <tr> <td></td> <td>11/14</td> <td>192.85</td> <td>Square Inc 181114R2 181114 L210398446811 Globaled Solutions Inc</td> </tr> <tr> <td></td> <td>11/15</td> <td>300.00</td> <td>Efunds Corp Codhs Ebt 0005821151 Mathias, Cassandra Rae</td> </tr> <tr> <td></td> <td>11/19</td> <td>96.35</td> <td>Square Inc 181119R2 181119 L210399752055 Globaled Solutions Inc</td> </tr> <tr> <td></td> <td>11/23</td> <td>200,000.00</td> <td>Goal Internation Tbktowells Nov 23 Summit Education Group</td> </tr> <tr> <td></td> <td>11/26</td> <td>200,000.00</td> <td>Goal Internation Tbktowells Nov 26 Summit Education Group</td> </tr> <tr> <td></td> <td>11/27</td> <td>200,000.00</td> <td>Goal Internation Tbktowells Nov 27 Summit Education Group</td> </tr> <tr> <td></td> <td>11/28</td> <td>200,000.00</td> <td>Goal Internation Tbktowells Nov 28 Summit Education Group</td> </tr> <tr> <td></td> <td>11/29</td> <td>200,000.00</td> <td>Goal Internation Tbktowells Nov 29 Summit Education Group</td> </tr> <tr> <td></td> <td>11/30</td> <td>32,843.00</td> <td>Goal Internation Tbktowells Nov 30 Summit Education Group</td> </tr> <tr> <td colspan="3">$1,234,956.17</td> <td>Total electronic deposits/bank credits</td> </tr> <tr> <td colspan="3">$1,234,956.17</td> <td>Total credits</td> </tr> </tbody> </table>

5ed65023a2fb1900003b7960

5e1c590bc72b7f002040aa38

1

<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Effective date</td> <td>Posted date 11/01</td> <td>Amount 3,035.00</td> <td>Transaction detail < Business to Business ACH Debit - Ignite Spot Acco Bill.Com 015Tyxdsaqwkjpt Ignite Spot Accounting - Inv #10817</td> </tr> <tr> <td></td> <td>11/02</td> <td>4,317.78</td> <td>< Business to Business ACH Debit - Liberty Mutual 802116530 181101 3567216 Globaled Solutions *IN</td> </tr> <tr> <td></td> <td>11/02</td> <td>47,316.54</td> <td>< Business to Business ACH Debit - Umb Credit Servi Umbcard Summit Educatio Summit Education</td> </tr> <tr> <td></td> <td>11/05</td> <td>8,404.88</td> <td>WF Direct Pay-Payment- November 2018-Tran ID Dp43605923</td> </tr> <tr> <td></td> <td>11/06</td> <td>48.12</td> <td>Atmos Energy Sgl Util Pymt 004028064833 Summit Education</td> </tr> <tr> <td></td> <td>11/06</td> <td>57.92</td> <td>Atmos Energy Sgl Util Pymt 003049385921 Summit Education</td> </tr> <tr> <td></td> <td>11/06</td> <td>72.00</td> <td>< Business to Business ACH Debit - Payyourpeopletax Zenefits Znfts2351245</td> </tr> <tr> <td></td> <td>11/06</td> <td>161.12</td> <td>Summit Education Group < Business to Business ACH Debit - Payyourpeopletax Zenefits Znfts2352075 Summit Education Group</td> </tr> <tr> <td></td> <td>11/06</td> <td>972.44</td> <td>< Business to Business ACH Debit - Payyourpeopleprl Zenefits Znfts2352645 Summit Education Group</td> </tr> <tr> <td></td> <td>11/07</td> <td>7,897.32</td> <td>NW Trust Contrib 063-84852 Goal Intl, Inc, DBA Su</td> </tr> <tr> <td></td> <td>11/08</td> <td>30,754.00</td> <td>WF Direct Pay-Payment- Half of True Up Billing-Tran ID Dp43821349</td> </tr> <tr> <td></td> <td>11/09</td> <td>48.97</td> <td>Achma Visb Bill Pymnt 181108 5661946 Mark *Enos</td> </tr> <tr> <td></td> <td>11/09</td> <td>75.00</td> <td>Boww-Pueblo Util-Pmnts 181108 6287191 Summit Education *Grou</td> </tr> <tr> <td></td> <td>11/09</td> <td>82.98</td> <td>Xcel Energy-PSCO Xcelenergy 5300122831786 Globaled201811082Crm0J</td> </tr> <tr> <td></td> <td>11/09</td> <td>83.55</td> <td>Xcel Energy-PSCO Xcelenergy 5300110937368 Summit E201811083Rw6Q2</td> </tr> <tr> <td></td> <td>11/13</td> <td>668.34</td> <td>NW Trust Contrib 063-84852 Goal Intl, Inc, DBA Su</td> </tr> <tr> <td></td> <td>11/13</td> <td>2,689.13</td> <td>T-Mobile Fdc Paymen 181110 2170554 Summit Education Group</td> </tr> <tr> <td></td> <td>11/14</td> <td>131.78</td> <td>Xcel Energy-PSCO Xcelenergy 5300115287236 Summit E20181113Mykpj7</td> </tr> <tr> <td></td> <td>11/15</td> <td>2,412.50</td> <td>WF Direct Pay-Payment- SEP Oct Hours 2018-Tran ID Dp44260547</td> </tr> <tr> <td></td> <td>11/15</td> <td>4,192.07</td> <td>WF Direct Pay-Payment- Invoice 7863-Tran ID Dp44260545</td> </tr> <tr> <td></td> <td>11/15</td> <td>210.48</td> <td>< Business to Business ACH Debit - Secom Inc Tele Bill 111518 000000003825 Summit Education Group</td> </tr> <tr> <td></td> <td>11/15</td> <td>47,316.54</td> <td>< Business to Business ACH Debit - Umb Bank Payment 181114 2011 Account</td> </tr> <tr> <td></td> <td>11/16</td> <td>937.10</td> <td>Black Hills Enrg Util Bill 181115 8001242175 Summit Education Group</td> </tr> <tr> <td></td> <td>11/19</td> <td>41.79</td> <td>< Business to Business ACH Debit - Federal Express Debit 181116 MMA30710199 Summit Education Group</td> </tr> <tr> <td></td> <td>11/19</td> <td>75.47</td> <td>< Business to Business ACH Debit - Comotorveh CO.Go Comotorveh 303-534-3468 Globaled Solutions</td> </tr> <tr> <td></td> <td>11/20</td> <td>417.12</td> <td>< Business to Business ACH Debit - Zenefits 8883960078 B18323 812544921357 Globaled Solutions DBA</td> </tr> <tr> <td></td> <td>11/21</td> <td>1,100.00</td> <td>WF Direct Pay-Payment- Deposit for Student-Tran ID Dp44682077</td> </tr> <tr> <td></td> <td>11/23</td> <td>43.75</td> <td>Boww-Pueblo Util-Pmnts 181121 4323579 Summit Education *Grou</td> </tr> <tr> <td></td> <td>11/23</td> <td>54.86</td> <td>Boww-Pueblo Util-Pmnts 181121 4323550 Summit Education *Grou</td> </tr> <tr> <td></td> <td>11/23</td> <td>160.79</td> <td>Boww-Pueblo Util-Pmnts 181121 4323562 Summit Education *Grou</td> </tr> <tr> <td></td> <td>11/26</td> <td>16,866.01</td> <td>< Business to Business ACH Debit - Umb Bank Payment 181123 2204 Account</td> </tr> <tr> <td></td> <td>11/27</td> <td>4,742.25</td> <td>< Business to Business ACH Debit - Pinnacol Assuran Payment 201811 1791613 Globaled Solutions</td> </tr> <tr> <td></td> <td>11/27</td> <td>2,102.74</td> <td>< Business to Business ACH Debit - Payyourpeopletax Zenefits Znfts2432526 Summit Education Group</td> </tr> </tbody> </table>

5ed650dba2fb1900003b7961

5e1c590bc72b7f002040aa38

2

<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Effective date</td> <td>Posted date</td> <td>Amount</td> <td>Transaction detail</td> </tr> <tr> <td></td> <td>11/27</td> <td>7,202.50</td> <td>< Business to Business ACH Debit - Payyourpeopleprl Zenefits Znfts2431905 Summit Education Group</td> </tr> <tr> <td></td> <td>11/27</td> <td>99,583.22</td> <td>< Business to Business ACH Debit - Payyourpeopletax Zenefits Znfts2431947 Summit Education Group</td> </tr> <tr> <td></td> <td>11/27</td> <td>280,438.99</td> <td>< Business to Business ACH Debit - Payyourpeopleprl Zenefits Znfts2431271 Summit Education Group</td> </tr> <tr> <td></td> <td>11/28</td> <td>1,900.00</td> <td>WF Direct Pay-Payment- November 2018-Tran ID Dp44959049</td> </tr> <tr> <td></td> <td>11/28</td> <td>3,500.00</td> <td>WF Direct Pay-Payment- Rent-Tran ID Dp44959085</td> </tr> <tr> <td></td> <td>11/28</td> <td>3,900.00</td> <td>WF Direct Pay-Payment- Rent-Tran ID Dp44959083</td> </tr> <tr> <td></td> <td>11/28</td> <td>4,600.00</td> <td>WF Direct Pay-Payment- Rent-Tran ID Dp44959081</td> </tr> <tr> <td></td> <td>11/28</td> <td>149,461.76</td> <td>WF Direct Pay-Payment- Stock Purchase-Tran ID Dp44950361</td> </tr> <tr> <td></td> <td>11/28</td> <td>31,969.90</td> <td>< Business to Business ACH Debit - United Healthcar EDI Paymts 823670055252 3~Iea*1*181127131~</td> </tr> <tr> <td></td> <td>11/29</td> <td>247,500.00</td> <td>WF Direct Pay-Payment- Edmentum Payments 2018-2022-Tran ID Dp45065321</td> </tr> <tr> <td></td> <td>11/29</td> <td>4,110.00</td> <td>< Business to Business ACH Debit - Payyourpeopletax Zenefits Znfts2437757 Summit Education Group</td> </tr> <tr> <td></td> <td>11/29</td> <td>4,245.60</td> <td>< Business to Business ACH Debit - Payyourpeopletax Zenefits Znfts2437600 Summit Education Group</td> </tr> <tr> <td></td> <td>11/29</td> <td>5,141.60</td> <td>< Business to Business ACH Debit - Payyourpeopletax Zenefits Znfts2436921 Summit Education Group</td> </tr> <tr> <td></td> <td>11/29</td> <td>35,964.65</td> <td>< Business to Business ACH Debit - Payyourpeopletax Zenefits Znfts2438567 Summit Education Group</td> </tr> <tr> <td></td> <td>11/29</td> <td>38,984.42</td> <td>< Business to Business ACH Debit - Payyourpeopletax Zenefits Znfts2438083 Summit Education Group</td> </tr> <tr> <td></td> <td>11/30</td> <td>50,000.00</td> <td>Recurring Transfer to Globaled Solutions, Inc. Pbc Business Market Rate Savings Ref #Op05Gmf2Gt xxxxxx2446</td> </tr> <tr> <td colspan="3">$1,155,992.98</td> <td>Total electronic debits/bank debits</td> </tr> </tbody> </table>

5ed651e2a2fb1900003b7962

5e1c590bc72b7f002040aa38

3

<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Number</td> <td>Amount</td> <td>Date</td> </tr> <tr> <td>4108</td> <td>1,481.00</td> <td>11/02</td> </tr> <tr> <td>4126 *</td> <td>3,500.00</td> <td>11/06</td> </tr> <tr> <td>4131 *</td> <td>246.22</td> <td>11/05</td> </tr> <tr> <td>4137 *</td> <td>230.54</td> <td>11/20</td> </tr> <tr> <td>*</td> <td></td> <td></td> </tr> <tr> <td>4141 *</td> <td>3,781.25</td> <td>11/26</td> </tr> <tr> <td>4142</td> <td>1,736.00</td> <td>11/26</td> </tr> <tr> <td>*</td> <td></td> <td></td> </tr> <tr> <td>4145</td> <td>200.00</td> <td>11/13</td> </tr> <tr> <td>4146</td> <td>6,000.00</td> <td>11/06</td> </tr> </tbody> </table>

5ed65273a2fb1900003b7963

5e1c590bc72b7f002040aa38

3

<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Number</td> <td>Amount</td> <td>Date</td> </tr> <tr> <td>4147</td> <td>980.00</td> <td>11/06</td> </tr> <tr> <td>4148</td> <td>250.00</td> <td>11/06</td> </tr> <tr> <td>4149</td> <td>2,219.00</td> <td>11/09</td> </tr> <tr> <td>4150</td> <td>2,300.00</td> <td>11/16</td> </tr> <tr> <td>4151</td> <td>700.00</td> <td>11/05</td> </tr> <tr> <td>4152</td> <td>2,500.00</td> <td>11/07</td> </tr> <tr> <td>4154 *</td> <td>4,360.55</td> <td>11/07</td> </tr> <tr> <td>4155</td> <td>762.00</td> <td>11/02</td> </tr> <tr> <td>4156</td> <td>296.00</td> <td>11/02</td> </tr> <tr> <td>4157</td> <td>508.00</td> <td>11/02</td> </tr> </tbody> </table>

5ed652a9a2fb1900003b7964

5e1c590bc72b7f002040aa38

3

<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Number</td> <td>Amount</td> <td>Date</td> </tr> <tr> <td>4158</td> <td>755.00</td> <td>11/02</td> </tr> <tr> <td>4159</td> <td>40.00</td> <td>11/02</td> </tr> <tr> <td>4161 *</td> <td>73.83</td> <td>11/19</td> </tr> <tr> <td>4162</td> <td>1,324.46</td> <td>11/14</td> </tr> <tr> <td>4163</td> <td>14,312.00</td> <td>11/26</td> </tr> <tr> <td>4164</td> <td>200.00</td> <td>11/14</td> </tr> <tr> <td>4165</td> <td>137.74</td> <td>11/16</td> </tr> <tr> <td>4167 *</td> <td>800.00</td> <td>11/21</td> </tr> <tr> <td>4168</td> <td>250.04</td> <td>11/16</td> </tr> <tr> <td>4169</td> <td>2,300.00</td> <td>11/19</td> </tr> </tbody> </table>

5ed652dda2fb1900003b7965

5e1c590bc72b7f002040aa38

3

<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Date</td> <td>Balance</td> </tr> <tr> <td>10/31</td> <td>305,903.49</td> </tr> <tr> <td>11/01</td> <td>502,868.49</td> </tr> <tr> <td></td> <td></td> </tr> <tr> <td>11/05</td> <td>426,096.10</td> </tr> <tr> <td>11/06</td> <td>414,054.50</td> </tr> <tr> <td>11/07</td> <td>400,796.63</td> </tr> <tr> <td>11/08</td> <td>370,042.63</td> </tr> </tbody> </table>

5ed6531ea2fb1900003b7966

5e1c590bc72b7f002040aa38

4

<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Date</td> <td>Balance</td> </tr> <tr> <td>11/09</td> <td>367,533.13</td> </tr> <tr> <td>11/13</td> <td>363,975.66</td> </tr> <tr> <td>11/14</td> <td>362,512.27</td> </tr> <tr> <td>11/15</td> <td>308,680.68</td> </tr> <tr> <td>11/16</td> <td>305,055.80</td> </tr> <tr> <td>11/19</td> <td>302,661.06</td> </tr> <tr> <td>11/20</td> <td>302,013.40</td> </tr> </tbody> </table>

5ed6535ea2fb1900003b7967

5e1c590bc72b7f002040aa38

4

<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Date</td> <td>Balance</td> </tr> <tr> <td>11/21</td> <td>300,113.40</td> </tr> <tr> <td>11/23</td> <td>499,854.00</td> </tr> <tr> <td>11/26</td> <td>663,158.74</td> </tr> <tr> <td>11/27</td> <td>469,089.04</td> </tr> <tr> <td>11/28</td> <td>473,657.38</td> </tr> <tr> <td>11/29</td> <td>337,711.11</td> </tr> <tr> <td>11/30</td> <td>320,554.11</td> </tr> </tbody> </table>

5ed65387a2fb1900003b7968

5e1c590bc72b7f002040aa38

4

<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Number</td> <td>Amount</td> <td>Date</td> </tr> <tr> <td>4173 *</td> <td>100.00</td> <td>11/28</td> </tr> </tbody> </table>

5ed6548ba2fb1900003b7969

5e1c590bc72b7f002040aa38

4

<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Deposit Accounts</td> <td></td> <td></td> <td>Total Balance:</td> <td>$44,287.43</td> </tr> <tr> <td>Account Type</td> <td>Previous Balance</td> <td>Deposits</td> <td>Withdrawals</td> <td>Ending Balance</td> </tr> <tr> <td>Basic Business Checking (ID#01)</td> <td>34,310.35</td> <td>42,225.64</td> <td>32,253.71</td> <td>44,282.28</td> </tr> <tr> <td>Business Prime Share (ID#00)</td> <td>5.15</td> <td>0.00</td> <td>0.00</td> <td>5.15</td> </tr> <tr> <td>Loan Accounts</td> <td></td> <td></td> <td>Total Balance:</td> <td>$7,081.36</td> </tr> <tr> <td>Account Type</td> <td>Previous Balance</td> <td>Deposits</td> <td>Advances</td> <td>Ending Balance</td> </tr> <tr> <td>Business Line Of Credit (ID#29)</td> <td>7,081.36</td> <td>49.62</td> <td>0.00</td> <td>7,081.36</td> </tr> </tbody> </table>

5ed63ae1c977200000395669

5e1f16c6a29f93001375f5f5

1

<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="3">PREVIOUS BALANCE: $34,310.35</td> </tr> <tr> <td>Tran Eff. Date Date Description</td> <td>Deposits</td> <td>Withdrawals</td> <td>Balance</td> </tr> <tr> <td>08/01 Deposit ACH STRIPE TYPE: TRANSFER ID: 1800948598 CO: STRIPE</td> <td>145.35</td> <td></td> <td>34,455.70</td> </tr> <tr> <td>08/02 Deposit ACH STRIPE TYPE: TRANSFER ID: 1800948598 CO: STRIPE</td> <td>191.66</td> <td></td> <td>34,647.36</td> </tr> <tr> <td>08/02 Withdrawal ACH GUSTO TYPE: FEE 149450 ID: 2453942850 CO: GUSTO</td> <td></td> <td>75.00</td> <td>34,572.36</td> </tr> <tr> <td>08/02 Withdrawal at ATM #821400006546 ATM GROUND KONTR-321326 511 NW COUCH ST PORTLAND OR P321326</td> <td></td> <td>27.50</td> <td>34,544.86</td> </tr> <tr> <td>08/02 Withdrawal Unitus Fee ATM GROUND KONTR-321326 511 NW COUCH ST PORTLAND OR P321326</td> <td></td> <td>2.00</td> <td>34,542.86</td> </tr> <tr> <td>08/03 Deposit ACH INTUIT PYMT SOLN TYPE: DEPOSIT ID: 9215986202 CO: INTUIT PYMT SOLN</td> <td>546.69</td> <td></td> <td>35,089.55</td> </tr> <tr> <td>08/06 Deposit ACH INTUIT PYMT SOLN TYPE: DEPOSIT ID: 9215986202 CO: INTUIT PYMT SOLN</td> <td>20.00</td> <td></td> <td>35,109.55</td> </tr> </tbody> </table>

5ed6438fbd6a2c0000121147

5e1f16c6a29f93001375f5f5

1

<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Tran Date</td> <td>Eff. Date Description</td> <td>Deposits</td> <td>Withdrawals</td> <td>Balance</td> </tr> <tr> <td>08/16</td> <td>Withdrawal Unitus Fee ATM GROUND KONTR-321326 511 NW COUCH ST PORTLAND OR P321326</td> <td></td> <td>2.00</td> <td>36,948.52</td> </tr> <tr> <td>08/20</td> <td>Deposit ACH INTUIT PYMT SOLN TYPE: DEPOSIT ID: 9215986202 CO: INTUIT PYMT SOLN</td> <td>2,500.00</td> <td></td> <td>39,448.52</td> </tr> <tr> <td>08/20</td> <td>Withdrawal ACH APIntegoInsuranc TYPE: ACHTRANS ID: 1205135044 CO: APIntegoInsuranc</td> <td></td> <td>6.16</td> <td>39,442.36</td> </tr> <tr> <td>08/20</td> <td>Withdrawal Transfer To Loan 29</td> <td></td> <td>49.62</td> <td>39,392.74</td> </tr> <tr> <td>08/21</td> <td>Withdrawal ACH GUSTO TYPE: TAX 258010 ID: 1453942850 CO: GUSTO</td> <td></td> <td>2,126.45</td> <td>37,266.29</td> </tr> <tr> <td>08/21</td> <td>Withdrawal ACH GUSTO TYPE: NET 258008 ID: 1453942850 CO: GUSTO</td> <td></td> <td>5,424.46</td> <td>31,841.83</td> </tr> <tr> <td>08/22</td> <td>Deposit ACH STRIPE TYPE: TRANSFER ID: 1800948598 CO: STRIPE</td> <td>95.83</td> <td></td> <td>31,937.66</td> </tr> <tr> <td>08/22</td> <td>Deposit ACH Visiting Media L TYPE: Bill.com ID: 3204895317 CO: Visiting Media L</td> <td>11,000.00</td> <td></td> <td>42,937.66</td> </tr> <tr> <td>08/22</td> <td>Withdrawal ACH PAYPAL TYPE: INST XFER ID: PAYPALSI77 CO: PAYPAL</td> <td></td> <td>1,040.00</td> <td>41,897.66</td> </tr> <tr> <td>08/24</td> <td>Deposit ACH STRIPE TYPE: TRANSFER ID: 1800948598 CO: STRIPE</td> <td>193.90</td> <td></td> <td>42,091.56</td> </tr> <tr> <td>08/24</td> <td>Deposit ACH INTUIT PYMT SOLN TYPE: DEPOSIT ID: 9215986202 CO: INTUIT PYMT SOLN</td> <td>481.67</td> <td></td> <td>42,573.23</td> </tr> <tr> <td>08/27</td> <td>Withdrawal ACH APIntegoInsuranc TYPE: ACHTRANS ID: 1205135044 CO: APIntegoInsuranc</td> <td></td> <td>15.34</td> <td>42,557.89</td> </tr> <tr> <td>08/27</td> <td>Withdrawal ACH PAYPAL TYPE: INST XFER ID: PAYPALSI77 CO: PAYPAL</td> <td></td> <td>750.00</td> <td>41,807.89</td> </tr> <tr> <td>08/29</td> <td>Deposit ACH STRIPE TYPE: TRANSFER ID: 1800948598 CO: STRIPE</td> <td>258.36</td> <td></td> <td>42,066.25</td> </tr> <tr> <td>08/29</td> <td>Deposit by Check</td> <td>8,745.26</td> <td></td> <td>50,811.51</td> </tr> <tr> <td>08/30</td> <td>Deposit ACH STRIPE TYPE: TRANSFER ID: 1800948598 CO: STRIPE</td> <td>484.60</td> <td></td> <td>51,296.11</td> </tr> <tr> <td>08/30</td> <td>Withdrawal ACH GUSTO TYPE: TAX 285220 ID: 1453942850 CO: GUSTO</td> <td></td> <td>590.37</td> <td>50,705.74</td> </tr> <tr> <td>08/30</td> <td>Withdrawal ACH GUSTO TYPE: NET 285218 ID: 1453942850 CO: GUSTO</td> <td></td> <td>1,443.41</td> <td>49,262.33</td> </tr> <tr> <td>08/31</td> <td>Deposit ACH STRIPE TYPE: TRANSFER ID: 1800948598 CO: STRIPE</td> <td>145.35</td> <td></td> <td>49,407.68</td> </tr> </tbody> </table>

5ed64a1d1cfeeb00003ea83d

5e1f16c6a29f93001375f5f5

3

<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Tran Date</td> <td>Eff. Date Description</td> <td>Deposits</td> <td>Withdrawals</td> <td>Balance</td> </tr> <tr> <td>08/06</td> <td>Deposit ACH INTUIT PYMT SOLN TYPE: DEPOSIT ID: 9215986202 CO: INTUIT PYMT SOLN</td> <td>64.20</td> <td></td> <td>35,173.75</td> </tr> <tr> <td>08/06</td> <td>Deposit by Check</td> <td>16,178.41</td> <td></td> <td>51,352.16</td> </tr> <tr> <td>08/07</td> <td>Withdrawal ACH GUSTO TYPE: TAX 176986 ID: 1453942850 CO: GUSTO</td> <td></td> <td>2,072.77</td> <td>49,279.39</td> </tr> <tr> <td>08/07</td> <td>Withdrawal ACH GUSTO TYPE: NET 176987 ID: 1453942850 CO: GUSTO</td> <td></td> <td>5,359.03</td> <td>43,920.36</td> </tr> <tr> <td>08/07</td> <td>Draft 1155</td> <td></td> <td>1,395.00</td> <td>42,525.36</td> </tr> <tr> <td>08/08</td> <td>Deposit ACH PAYPAL TYPE: TRANSFER ID: PAYPALSD11 CO: PAYPAL</td> <td>28.40</td> <td></td> <td>42,553.76</td> </tr> <tr> <td>08/08</td> <td>Deposit ACH STRIPE TYPE: TRANSFER ID: 1800948598 CO: STRIPE</td> <td>528.84</td> <td></td> <td>43,082.60</td> </tr> <tr> <td>08/08</td> <td>Draft 1156</td> <td></td> <td>400.00</td> <td>42,682.60</td> </tr> <tr> <td>08/13</td> <td>Deposit ACH STRIPE TYPE: TRANSFER ID: 1800948598 CO: STRIPE</td> <td>95.83</td> <td></td> <td>42,778.43</td> </tr> <tr> <td>08/13</td> <td>Withdrawal ACH CHASE CREDIT CRD TYPE: EPAY ID: 5760039224 CO: CHASE CREDIT CRD</td> <td></td> <td>3,000.00</td> <td>39,778.43</td> </tr> <tr> <td>08/13</td> <td>Withdrawal uOnline Transfer To BUCKINGHAM,JOHN XXXXXXXXXX Share 01 Shareholder Distribution</td> <td></td> <td>800.00</td> <td>38,978.43</td> </tr> <tr> <td>08/14</td> <td>Deposit ACH STRIPE TYPE: TRANSFER ID: 1800948598 CO: STRIPE</td> <td>19.12</td> <td></td> <td>38,997.55</td> </tr> <tr> <td>08/14</td> <td>Withdrawal ACH APIntegoInsuranc TYPE: ACHTRANS ID: 1205135044 CO: APIntegoInsuranc</td> <td></td> <td>21.26</td> <td>38,976.29</td> </tr> <tr> <td>08/14</td> <td>Withdrawal ACH GUSTO TYPE: TAX 200731 ID: 1453942850 CO: GUSTO</td> <td></td> <td>590.35</td> <td>38,385.94</td> </tr> <tr> <td>08/14</td> <td>Withdrawal ACH GUSTO TYPE: NET 200729 ID: 1453942850 CO: GUSTO</td> <td></td> <td>1,443.42</td> <td>36,942.52</td> </tr> <tr> <td>08/15</td> <td>Deposit ACH 2 Brothers Movin TYPE: Bill.com ID: 3204895317 CO: 2 Brothers Movin</td> <td>58.27</td> <td></td> <td>37,000.79</td> </tr> <tr> <td>08/15</td> <td>Withdrawal Transfer To BUCKINGHAM,JOHN XXXXXXXXXX Share 01</td> <td></td> <td>416.67</td> <td>36,584.12</td> </tr> <tr> <td>08/16</td> <td>Deposit ACH STRIPE</td> <td>193.90</td> <td></td> <td>36,778.02</td> </tr> <tr> <td>08/16</td> <td>TYPE: TRANSFER ID: 1800948598 CO: STRIPE Deposit ACH INTUIT PYMT SOLN TYPE: DEPOSIT ID: 9215986202 CO: INTUIT PYMT SOLN</td> <td>250.00</td> <td></td> <td>37,028.02</td> </tr> <tr> <td>08/16</td> <td>Withdrawal at ATM #822800007908 ATM GROUND KONTR-321326 511 NW COUCH ST PORTLAND OR P321326</td> <td></td> <td>77.50</td> <td>36,950.52</td> </tr> </tbody> </table>

5ed645f31cfeeb00003ea83c

5e1f16c6a29f93001375f5f5

2

<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Tran Date</td> <td>Eff. Date Description Deposits</td> <td>Withdrawals</td> <td>Balance</td> </tr> <tr> <td>08/31</td> <td>Withdrawal ACH CenturyLink TYPE: Payment ID: 3157909001 CO: CenturyLink</td> <td>125.40</td> <td>49,282.28</td> </tr> <tr> <td>08/31</td> <td>Withdrawal ACH CHASE CREDIT CRD TYPE: EPAY ID: 5760039224 CO: CHASE CREDIT CRD</td> <td>5,000.00</td> <td>44,282.28</td> </tr> <tr> <td colspan="4">ENDING BALANCE: $44,282.28</td> </tr> <tr> <td colspan="4">Check # Date Amount Check # Date 1155 08/07 1,395.00 1156 08/08 Amount Check # Date Amount 400.00 * Indicates checks out of sequence.</td> </tr> </tbody> </table>

5ed6552f7f9f0c0000b57d17

5e1f16c6a29f93001375f5f5

4

<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td colspan="5">Business Prime Share (ID#00) PREVIOUS BALANCE: $5.15</td> </tr> <tr> <td>Tran Date</td> <td>Eff. Date</td> <td>Description Deposits</td> <td>Withdrawals</td> <td>Balance</td> </tr> <tr> <td colspan="5">No Activity During This Statement Period</td> </tr> <tr> <td colspan="4">ENDING BALANCE:</td> <td>$5.15</td> </tr> <tr> <td colspan="5">Dividend Year to Date 0.07</td> </tr> </tbody> </table>

5ed65a4f7f9f0c0000b57d1a

5e1f16c6a29f93001375f5f5

4

<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Busines</td> <td>s Line Of Credit (ID#29)</td> <td></td> <td></td> <td></td> </tr> <tr> <td></td> <td></td> <td>PREVIOUS BALANCE:</td> <td></td> <td>$7,081.36</td> </tr> <tr> <td>Tran Eff. Date Date</td> <td>Description</td> <td>Tran Amt Prin. Pmt or Adv</td> <td>Charges</td> <td>Balance</td> </tr> <tr> <td>08/20</td> <td>Payments Transfer From Share 01</td> <td>-49.62 0.00</td> <td>0.00</td> <td>7,081.36</td> </tr> <tr> <td></td> <td></td> <td>ENDING BALANCE:</td> <td></td> <td>$7,081.36</td> </tr> <tr> <td colspan="5">PAYMENT AMOUNT: 49.62 PAST DUE: 0.00 TOTAL DUE: 49.62 DUE DATE: 09/20/2018</td> </tr> <tr> <td>FEES</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Tran Eff. Date Date</td> <td>Description</td> <td></td> <td></td> <td>Amount</td> </tr> <tr> <td colspan="5">No Fees Paid This Statement Period</td> </tr> <tr> <td colspan="5">TOTAL FEES PAID YEAR-TO-DATE: 0.00 TOTAL FEES PAID THIS PERIOD: 0.00</td> </tr> <tr> <td>INTEREST</td> <td>CHARGED</td> <td></td> <td></td> <td></td> </tr> <tr> <td>Tran Eff. Date Date</td> <td>Description</td> <td></td> <td></td> <td>Amount</td> </tr> <tr> <td>08/20</td> <td>Interest Charged</td> <td></td> <td></td> <td>49.62</td> </tr> </tbody> </table>

5ed659247f9f0c0000b57d19

5e1f16c6a29f93001375f5f5

4

<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td colspan="2"></td> </tr> <tr> <td>ANNUAL PERCENTAGE RATE: 8.250%*</td> <td>DAILY PERIODIC RATE: .022602%</td> </tr> <tr> <td>TOTAL INTEREST YEAR-TO-DATE: 372.21</td> <td>TOTAL INTEREST THIS PERIOD: 49.62</td> </tr> <tr> <td>BALANCE SUBJECT TO INTEREST: $7,081.36</td> <td></td> </tr> </tbody> </table>

5ed661787f9f0c0000b57d1b

5e1f16c6a29f93001375f5f5

5

<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Credits Deposits</td> <td>s</td> <td></td> <td></td> </tr> <tr> <td>Effective date</td> <td>Posted date</td> <td>Amount</td> <td>Transaction detail</td> </tr> <tr> <td></td> <td>12/04</td> <td>118,149.30</td> <td>Deposit</td> </tr> <tr> <td></td> <td>12/06</td> <td>176,523.12</td> <td>Deposit</td> </tr> <tr> <td></td> <td>12/10</td> <td>166,141.12</td> <td>Deposit</td> </tr> <tr> <td></td> <td>12/17</td> <td>159,809.37</td> <td>Deposit</td> </tr> <tr> <td></td> <td>12/20</td> <td>117,255.75</td> <td>Deposit</td> </tr> <tr> <td></td> <td>12/21</td> <td>98,765.02</td> <td>Deposit</td> </tr> <tr> <td></td> <td></td> <td>$836,643.68</td> <td>Total deposits</td> </tr> </tbody> </table>

5ed63c7cb6ff6400004d1963

5e1c7618c72b7f002040dee5

1

<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Effective date Posted date</td> <td>Amount</td> <td>Transaction detail</td> </tr> <tr> <td>12/05</td> <td>100,000.00</td> <td>Online Loan Advance Ref #Ib05Hhxqy9 From Commercial Line/Loan</td> </tr> <tr> <td>12/11</td> <td>9.27</td> <td>xxxxxx4773000026 on 12/05/18 Bancorpsv Bancorpsv 181211 99995 Wh-Infinisource Inc-99995-Settle Credit</td> </tr> <tr> <td>12/14</td> <td>17,130.01</td> <td>Cirrus Academy Bill.Com 015Alpixurxqczb Cirrus Academy Bill.Com</td> </tr> <tr> <td>12/20</td> <td>140,000.00</td> <td>015Alpixurxqczb Multipl ADV Obg 2434324773-26</td> </tr> <tr> <td></td> <td>$257,139.28</td> <td>Total electronic deposits/bank credits</td> </tr> <tr> <td></td> <td>$1,093,782.96</td> <td>Total credits</td> </tr> </tbody> </table>

5ed63e02b6ff6400004d1964

5e1c7618c72b7f002040dee5

1

<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Effective date Posted date 12/04</td> <td>Amount 204.26</td> <td>Transaction detail < Business to Business ACH Debit - Time Warner Cabl Twc Eftpmt 120418 0744514248 Spa Edtec Inc,*</td> </tr> <tr> <td>12/04</td> <td>24,021.08</td> <td>< Business to Business ACH Debit - Charles Schwab Rtrmt Plan 181204 D0Tpa8240213438 Edtec Inc. Psp 401K</td> </tr> <tr> <td>12/05</td> <td>1,083.75</td> <td>Infinisource Inc Claim Reim 141202 1050574225 Edtec Inc</td> </tr> <tr> <td>12/06</td> <td>5,820.50</td> <td>< Business to Business ACH Debit - The Hartford Nwtbclscic 14797631 Edtec Inc.</td> </tr> <tr> <td>12/06</td> <td>192,349.84</td> <td>< Business to Business ACH Debit - Paychex Inc. Payroll 79438000003935x Edtec Inc</td> </tr> <tr> <td>12/07</td> <td>100,000.00</td> <td>Online Principal Payment Ref #Ib05Hry4PC to Commercial Line/Loan xxxxxx4773000026 on 12/07/18</td> </tr> <tr> <td>12/07</td> <td>1,488.50</td> <td>ACH Prep Origintn - Edtec Inc - File 7878782339 Coid 1050574225</td> </tr> <tr> <td>12/07</td> <td>2,283.75</td> <td>ACH Prep Origintn - Edtec Inc - File 7878782339 Coid 1050574225</td> </tr> <tr> <td>12/07</td> <td>2,543.75</td> <td>ACH Prep Origintn - Edtec Inc - File 7878782339 Coid 1050574225</td> </tr> <tr> <td>12/07</td> <td>7,750.00</td> <td>ACH Prep Origintn - Edtec Inc - File 7878782339 Coid 1050574225</td> </tr> <tr> <td>12/07</td> <td>84,094.79</td> <td>< Business to Business ACH Debit - Paychex Tps Taxes 120518 79439600005020x Edtec Inc</td> </tr> <tr> <td>12/10</td> <td>175.54</td> <td>< Business to Business ACH Debit - Leasing Services Cash Trans 120718 Greatamerica FI Leasing Services*800-485-1880*Agreement Number 1</td> </tr> <tr> <td>12/10</td> <td>208.33</td> <td>Infinisource Inc Claim Reim 141202 1050574225 Edtec Inc</td> </tr> <tr> <td>12/10</td> <td>1,352.08</td> <td>Sterling Opcbhsa 8006174729 181210 xxxxx0608 Edtec Inc.</td> </tr> <tr> <td>12/10</td> <td>2,000.00</td> <td>< Business to Business ACH Debit - Postalia Tdcpostage 106000648803 Edtec</td> </tr> <tr> <td>12/10</td> <td>154.75</td> <td>< Business to Business ACH Debit - Paychex Eib Invoice 181210 x79470400039768 Edtec Inc</td> </tr> <tr> <td>12/11</td> <td>371.46</td> <td>Client Analysis Srvc Chrg 181210 Svc Chge 1118 000005676508897</td> </tr> <tr> <td>12/11</td> <td>75.00</td> <td>< Business to Business ACH Debit - Bancorpsv Bancorpsv 181211 99994 Wh-Infinisource Inc-99994-Settle Purchase</td> </tr> <tr> <td>12/11</td> <td>84.00</td> <td>Infinisource Inc Claim Reim 141202 1050574225 Edtec Inc</td> </tr> <tr> <td>12/13</td> <td>500.00</td> <td>< Business to Business ACH Debit - Postalia Tdcpostage 106000648803 Edtec</td> </tr> <tr> <td>12/17</td> <td>659.94</td> <td>< Business to Business ACH Debit - Necfin Autopay 181216 100-0090938-001 Edtec Inc.</td> </tr> <tr> <td>12/18</td> <td>180.00</td> <td>< Business to Business ACH Debit - Bancorpsv Bancorpsv 181218 99994 Wh-Infinisource Inc-99994-Settle Purchase</td> </tr> <tr> <td>12/19</td> <td>244.09</td> <td>< Business to Business ACH Debit - Charles Schwab Rtrmt Plan 181219 D0Tpa8240213438 Edtec Inc. Psp 401K</td> </tr> <tr> <td>12/19</td> <td>22,216.35</td> <td>< Business to Business ACH Debit - Charles Schwab Rtrmt Plan 181219 D0Tpa8240213438 Edtec Inc. Psp 401K</td> </tr> <tr> <td>12/20</td> <td>416.73</td> <td>ACH Prep Origintn - Edtec Inc - File 7878782339 Coid 1050574225</td> </tr> <tr> <td>12/20</td> <td>448.50</td> <td>ACH Prep Origintn - Edtec Inc - File 7878782339 Coid 1050574225</td> </tr> <tr> <td>12/20</td> <td>538.82</td> <td>ACH Prep Origintn - Edtec Inc - File 7878782339 Coid 1050574225</td> </tr> <tr> <td>12/20</td> <td>2,988.75</td> <td>ACH Prep Origintn - Edtec Inc - File 7878782339 Coid 1050574225</td> </tr> <tr> <td>12/20</td> <td>7,750.00</td> <td>ACH Prep Origintn - Edtec Inc - File 7878782339 Coid 1050574225</td> </tr> <tr> <td>12/20</td> <td>9,672.00</td> <td>ACH Prep Origintn - Edtec Inc - File 7878782339 Coid 1050574225</td> </tr> <tr> <td>12/20</td> <td>27.62</td> <td>< Business to Business ACH Debit - Tax_Rev_Crs_Ecks Trd Pmnt 181218 1010471168 Edtec Inc</td> </tr> </tbody> </table>

5ed63eceb6ff6400004d1965

5e1c7618c72b7f002040dee5

2

<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Effective date</td> <td>Posted date 12/20</td> <td>Amount 36.55</td> <td>Transaction detail < Business to Business ACH Debit - Tax_Rev_Crs_Ecks Trd Pmnt 181218 1005412608 Edtec Inc</td> </tr> <tr> <td></td> <td>12/20</td> <td>237,787.45</td> <td>< Business to Business ACH Debit - Paychex Inc. Payroll 79738000031785x Edtec Inc</td> </tr> <tr> <td></td> <td>12/21</td> <td>22,244.90</td> <td>ACH Prep Origintn - Edtec Inc - File 7878782339 Coid 1050574225</td> </tr> <tr> <td></td> <td>12/21</td> <td>163.19</td> <td>< Business to Business ACH Debit - Paychex Eib Invoice 181221 x79745800024717 Edtec Inc</td> </tr> <tr> <td></td> <td>12/21</td> <td>96,022.93</td> <td>< Business to Business ACH Debit - Paychex Tps Taxes 121918 79740300013662x Edtec Inc</td> </tr> <tr> <td></td> <td>12/21</td> <td>1,065.59</td> <td>Infinisource Inc Claim Reim 141202 1050574225 Edtec Inc</td> </tr> <tr> <td></td> <td>12/24</td> <td>208.41</td> <td>Infinisource Inc Claim Reim 141202 1050574225 Edtec Inc</td> </tr> <tr> <td></td> <td>12/24</td> <td>208.41</td> <td>Infinisource Inc Claim Reim 141202 1050574225 Edtec Inc</td> </tr> <tr> <td></td> <td>12/24</td> <td>1,360.08</td> <td>Sterling Opcbhsa 8006174729 181224 xxxxx5100 Edtec Inc.</td> </tr> <tr> <td></td> <td>12/26</td> <td>3,317.71</td> <td>ACH Prep Origintn - Edtec Inc - File 7878782339 Coid 1050574225</td> </tr> <tr> <td></td> <td>12/26</td> <td>170.00</td> <td>< Business to Business ACH Debit - Bancorpsv Bancorpsv 181225 99994 Wh-Infinisource Inc-99994-Settle Purchase</td> </tr> <tr> <td></td> <td>12/27</td> <td>9,106.77</td> <td>ACH Prep Origintn - Edtec Inc - File 7878782339 Coid 1050574225</td> </tr> <tr> <td></td> <td>12/27</td> <td>50.00</td> <td>< Business to Business ACH Debit - Paychex Inc. Payroll 79843700000644x Edtec Inc</td> </tr> <tr> <td></td> <td>12/27</td> <td>86.25</td> <td>Sterling Opcbhsa 8006174729 181227 xxxxx2087 Edtec Inc.</td> </tr> <tr> <td></td> <td>12/28</td> <td>46.11</td> <td>< Business to Business ACH Debit - Paychex Eib Invoice 181228 x79854900013403 Edtec Inc</td> </tr> <tr> <td></td> <td>12/28</td> <td>1,250.00</td> <td>Infinisource Inc Claim Reim 141202 1050574225 Edtec Inc</td> </tr> <tr> <td></td> <td>12/31</td> <td>1,626.74</td> <td>Infinisource Inc Claim Reim 141202 1050574225 Edtec Inc</td> </tr> <tr> <td></td> <td></td> <td>$846,455.27</td> <td>Total electronic debits/bank debits</td> </tr> </tbody> </table>

5ed640f6b6ff6400004d1966

5e1c7618c72b7f002040dee5

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Number</td> <td>Amount</td> <td>Date</td> </tr> <tr> <td>1137</td> <td>4,791.59</td> <td>12/21</td> </tr> <tr> <td>1138</td> <td>4,791.59</td> <td>12/18</td> </tr> <tr> <td>14841 *</td> <td>6,679.12</td> <td>12/14</td> </tr> <tr> <td>14874 *</td> <td>113.54</td> <td>12/03</td> </tr> <tr> <td>14875</td> <td>760.65</td> <td>12/03</td> </tr> <tr> <td>14876</td> <td>748.31</td> <td>12/05</td> </tr> <tr> <td>14877</td> <td>54,051.08</td> <td>12/03</td> </tr> <tr> <td>14878</td> <td>837.50</td> <td>12/04</td> </tr> <tr> <td>14879</td> <td>2,945.00</td> <td>12/14</td> </tr> <tr> <td>14880</td> <td>243.42</td> <td>12/11</td> </tr> <tr> <td>14882 *</td> <td>111.44</td> <td>12/10</td> </tr> <tr> <td>14883</td> <td>611.90</td> <td>12/07</td> </tr> <tr> <td>14884</td> <td>2,500.00</td> <td>12/11</td> </tr> <tr> <td>14885</td> <td>6,509.09</td> <td>12/03</td> </tr> <tr> <td>14886</td> <td>250.00</td> <td>12/04</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Number</td> <td>Amount</td> <td>Date</td> </tr> <tr> <td>14887</td> <td>299.08</td> <td>12/03</td> </tr> <tr> <td>14888</td> <td>1,071.54</td> <td>12/03</td> </tr> <tr> <td>14889</td> <td>8,509.03</td> <td>12/11</td> </tr> <tr> <td>14890</td> <td>506.21</td> <td>12/12</td> </tr> <tr> <td>14891</td> <td>7,531.84</td> <td>12/17</td> </tr> <tr> <td>14892</td> <td>165.50</td> <td>12/17</td> </tr> <tr> <td>14893</td> <td>23,567.00</td> <td>12/18</td> </tr> <tr> <td>14894</td> <td>2,083.72</td> <td>12/17</td> </tr> <tr> <td>14895</td> <td>12,561.89</td> <td>12/17</td> </tr> <tr> <td>14896</td> <td>880.00</td> <td>12/19</td> </tr> <tr> <td>14897</td> <td>940.00</td> <td>12/17</td> </tr> <tr> <td>14898</td> <td>407.84</td> <td>12/14</td> </tr> <tr> <td>14901 *</td> <td>4,176.00</td> <td>12/19</td> </tr> <tr> <td>14902</td> <td>652.55</td> <td>12/18</td> </tr> <tr> <td>14903</td> <td>19,124.08</td> <td>12/17</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Number</td> <td>Amount</td> <td>Date</td> </tr> <tr> <td>14904</td> <td>323.50</td> <td>12/26</td> </tr> <tr> <td>14905</td> <td>133.00</td> <td>12/28</td> </tr> <tr> <td>14906</td> <td>158.00</td> <td>12/28</td> </tr> <tr> <td>14907</td> <td>123.00</td> <td>12/31</td> </tr> <tr> <td>14908</td> <td>217.41</td> <td>12/24</td> </tr> <tr> <td>14910 *</td> <td>334.88</td> <td>12/24</td> </tr> <tr> <td>14911</td> <td>7,312.72</td> <td>12/27</td> </tr> <tr> <td>14912</td> <td>58.00</td> <td>12/28</td> </tr> <tr> <td>14913</td> <td>322.16</td> <td>12/27</td> </tr> <tr> <td>14914</td> <td>450.00</td> <td>12/24</td> </tr> <tr> <td>14915</td> <td>664.68</td> <td>12/26</td> </tr> <tr> <td>14916</td> <td>406.82</td> <td>12/28</td> </tr> <tr> <td>14917</td> <td>98.00</td> <td>12/26</td> </tr> <tr> <td>14918</td> <td>315.57</td> <td>12/27</td> </tr> <tr> <td>14919</td> <td>52.00</td> <td>12/26</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Date</td> <td>Balance</td> </tr> <tr> <td>11/30</td> <td>162,068.68</td> </tr> <tr> <td>12/03</td> <td>99,263.70</td> </tr> <tr> <td>12/04</td> <td>192,100.16</td> </tr> <tr> <td>12/05</td> <td>290,268.10</td> </tr> <tr> <td>12/06</td> <td>268,620.88</td> </tr> <tr> <td>12/07</td> <td>69,848.19</td> </tr> <tr> <td>12/10</td> <td>231,987.17</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Date</td> <td>Balance</td> </tr> <tr> <td>12/11</td> <td>220,213.53</td> </tr> <tr> <td>12/12</td> <td>219,707.32</td> </tr> <tr> <td>12/13</td> <td>219,207.32</td> </tr> <tr> <td>12/14</td> <td>226,305.37</td> </tr> <tr> <td>12/17</td> <td>343,047.77</td> </tr> <tr> <td>12/18</td> <td>313,856.63</td> </tr> <tr> <td>12/19</td> <td>286,340.19</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Date</td> <td>Balance</td> </tr> <tr> <td>12/20</td> <td>283,929.52</td> </tr> <tr> <td>12/21</td> <td>258,406.34</td> </tr> <tr> <td>12/24</td> <td>255,627.15</td> </tr> <tr> <td>12/26</td> <td>250,405.06</td> </tr> <tr> <td>12/27</td> <td>233,211.59</td> </tr> <tr> <td>12/28</td> <td>231,159.66</td> </tr> <tr> <td>12/31</td> <td>229,409.92</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Average daily ledger balance</td> <td>$221,745.78</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2012</td> <td>2011</td> </tr> <tr> <td>Assets</td> <td></td> <td></td> </tr> <tr> <td>Current</td> <td>9,850,146</td> <td>8,599,116</td> </tr> <tr> <td>Cash and cash equivalents</td> <td>433,759</td> <td>123,300</td> </tr> <tr> <td>Short-term interbank investments</td> <td>3,378,099</td> <td>2,401,500</td> </tr> <tr> <td>Open market investments</td> <td>3,337,584</td> <td>2,257,554</td> </tr> <tr> <td>Interbank deposits</td> <td>40,515</td> <td>143,946</td> </tr> <tr> <td>Marketable securities and derivative financial instruments</td> <td>1,211,245</td> <td>1,905,362</td> </tr> <tr> <td>Own portfolio</td> <td>1,047,641</td> <td>1,776,779</td> </tr> <tr> <td>Subject to repurchase agreements</td> <td>-</td> <td>54,082</td> </tr> <tr> <td>Subject to guarantees given</td> <td>136,593</td> <td>-</td> </tr> <tr> <td>Derivative financial instruments</td> <td>27,011</td> <td>74,501</td> </tr> <tr> <td>Interbank accounts</td> <td>7,115</td> <td>3,163</td> </tr> <tr> <td>Restricted deposits</td> <td></td> <td></td> </tr> <tr> <td>Central Bank of Brazil deposits</td> <td>6,979</td> <td>3,158</td> </tr> <tr> <td>Interbank onlending</td> <td>124</td> <td>-</td> </tr> <tr> <td>Correspondent banks</td> <td>12</td> <td>5</td> </tr> <tr> <td>Loans</td> <td>2,778,377</td> <td>2,342,595</td> </tr> <tr> <td>Private sector</td> <td>2,833,123</td> <td>2,391,708</td> </tr> <tr> <td>Allowance for loan losses</td> <td>(54,746)</td> <td>(49,113)</td> </tr> <tr> <td>Other receivables</td> <td>2,041,199</td> <td>1,821,932</td> </tr> <tr> <td>Foreign exchange portfolio</td> <td>2,034,120</td> <td>1,814,739</td> </tr> <tr> <td>Unearned income</td> <td>7,337</td> <td>6,344</td> </tr> <tr> <td>Sundry</td> <td>3,063</td> <td>2,795</td> </tr> <tr> <td>Allowance for losses on other receivables</td> <td>(3,321)</td> <td>(1,946)</td> </tr> <tr> <td>Other assets</td> <td>352</td> <td>1,264</td> </tr> <tr> <td>Other assets</td> <td>198</td> <td>1,160</td> </tr> <tr> <td>Prepaid expenses</td> <td>154</td> <td>104</td> </tr> <tr> <td>Long-term receivables</td> <td>3,400,535</td> <td>2,367,687</td> </tr> <tr> <td>Marketable securities and derivative financial instruments</td> <td>424,015</td> <td>724,567</td> </tr> <tr> <td>Own portfolio</td> <td>203,541</td> <td>466,463</td> </tr> <tr> <td>Subject to guarantees given</td> <td>207,796</td> <td>249,914</td> </tr> <tr> <td>Derivative financial instruments</td> <td>12,678</td> <td>8,190</td> </tr> <tr> <td>Interbank accounts</td> <td>483</td> <td>-</td> </tr> <tr> <td>Interbank onlending</td> <td>483</td> <td>-</td> </tr> <tr> <td>Loans</td> <td>2,892,893</td> <td>1,566,042</td> </tr> <tr> <td>Private sector</td> <td>2,950,092</td> <td>1,616,501</td> </tr> <tr> <td>Allowance for loan losses</td> <td>(57,199)</td> <td>(50,459)</td> </tr> <tr> <td>Other receivables</td> <td>83,144</td> <td>77,078</td> </tr> <tr> <td>Sundry</td> <td>83,144</td> <td>77,078</td> </tr> <tr> <td>Permanent assets</td> <td>32,312</td> <td>23,287</td> </tr> <tr> <td>Investments</td> <td>6</td> <td>6</td> </tr> <tr> <td>Other investments</td> <td>6</td> <td>6</td> </tr> <tr> <td>Property and equipment in use</td> <td>14,887</td> <td>11,671</td> </tr> <tr> <td>Other property and equipment in use</td> <td>23,816</td> <td>19,743</td> </tr> <tr> <td>Accumulated depreciation</td> <td>(8,929)</td> <td>(8,072)</td> </tr> <tr> <td>Intangible assets</td> <td>17,419</td> <td>11,610</td> </tr> <tr> <td>Intangible assets</td> <td>23,171</td> <td>14,653</td> </tr> <tr> <td>Accumulated amortization</td> <td>(5,752)</td> <td>(3,043)</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2012</td> <td>2011</td> </tr> <tr> <td>Liabilities and equity</td> <td></td> <td></td> </tr> <tr> <td>Current</td> <td>7,931,293</td> <td>6,876,451</td> </tr> <tr> <td>Deposits</td> <td>1,220,182</td> <td>182,450</td> </tr> <tr> <td>Demand deposits</td> <td>2,678</td> <td>19,621</td> </tr> <tr> <td>Interbank deposits</td> <td>1,166,569</td> <td>30,029</td> </tr> <tr> <td>Time deposits</td> <td>50,935</td> <td>132,480</td> </tr> <tr> <td>Other deposits</td> <td>-</td> <td>320</td> </tr> <tr> <td>Open market investments</td> <td>210,977</td> <td>551,168</td> </tr> <tr> <td>Own portfolio</td> <td>-</td> <td>53,980</td> </tr> <tr> <td>Third-party portfolio</td> <td>210,977</td> <td>497,188</td> </tr> <tr> <td>Exchange acceptance and issuance of securities</td> <td>1,416,922</td> <td>1,965,474</td> </tr> <tr> <td>Funds from real estate, mortgage, credit notes and other</td> <td>1,416,922</td> <td>1,965,474</td> </tr> <tr> <td>Interdepartmental accounts</td> <td>430,257</td> <td>20,040</td> </tr> <tr> <td>Third-party funds in transit</td> <td>430,257</td> <td>20,040</td> </tr> <tr> <td>Borrowings</td> <td>1,412,089</td> <td>1,928,183</td> </tr> <tr> <td>Foreign borrowings</td> <td>1,412,089</td> <td>1,928,183</td> </tr> <tr> <td>Local onlending - Official institutions</td> <td>217,564</td> <td>248,320</td> </tr> <tr> <td>BNDES</td> <td>19,976</td> <td>19,417</td> </tr> <tr> <td>FINAME</td> <td>93,941</td> <td>73,218</td> </tr> <tr> <td>Other institutions</td> <td>103,647</td> <td>155,685</td> </tr> <tr> <td>Foreign onlending</td> <td>1,652,815</td> <td>640,140</td> </tr> <tr> <td>Foreign onlending</td> <td>1,652,815</td> <td>640,140</td> </tr> <tr> <td>Derivative financial instruments</td> <td>40,626</td> <td>67,883</td> </tr> <tr> <td>Derivative financial instruments</td> <td>40,626</td> <td>67,883</td> </tr> <tr> <td>Other liabilities</td> <td>1,329,861</td> <td>1,272,793</td> </tr> <tr> <td>Collection of taxes and other levies</td> <td>304</td> <td>1,357</td> </tr> <tr> <td>Foreign exchange portfolio</td> <td>1,156,016</td> <td>1,157,351</td> </tr> <tr> <td>Social and statutory</td> <td>15,976</td> <td>12,558</td> </tr> <tr> <td>Tax and social security</td> <td>95,114</td> <td>50,367</td> </tr> <tr> <td>Securities trading</td> <td>4,018</td> <td>4,141</td> </tr> <tr> <td>Subordinated debts</td> <td>25,925</td> <td>13,898</td> </tr> <tr> <td>Sundry</td> <td>32,508</td> <td>33,121</td> </tr> <tr> <td>Long-term liabilities</td> <td>4,291,969</td> <td>3,335,216</td> </tr> <tr> <td>Deposits</td> <td>408,168</td> <td>323,415</td> </tr> <tr> <td>Interbank deposits</td> <td>97,401</td> <td>87,092</td> </tr> <tr> <td>Time deposits</td> <td>310,767</td> <td>236,323</td> </tr> <tr> <td>Exchange acceptance and issuance of securities</td> <td>218,854</td> <td>64,404</td> </tr> <tr> <td>Funds from real estate, mortgage, credit notes and other</td> <td>218,854</td> <td>64,404</td> </tr> <tr> <td>Borrowings</td> <td>145,126</td> <td>29,631</td> </tr> <tr> <td>Foreign borrowings</td> <td>145,126</td> <td>29,631</td> </tr> <tr> <td>Local onlending - Official institutions</td> <td>440,017</td> <td>331,760</td> </tr> <tr> <td>BNDES</td> <td>88,118</td> <td>86,689</td> </tr> <tr> <td>FINAME</td> <td>351,899</td> <td>241,125</td> </tr> <tr> <td>Other institutions</td> <td>-</td> <td>3,946</td> </tr> <tr> <td>Foreign onlending</td> <td>2,137,086</td> <td>2,264,813</td> </tr> <tr> <td>Foreign onlending</td> <td>2,137,086</td> <td>2,264,813</td> </tr> <tr> <td>Derivative financial instruments</td> <td>21,687</td> <td>10,698</td> </tr> <tr> <td>Derivative financial instruments</td> <td>21,687</td> <td>10,698</td> </tr> <tr> <td>Other liabilities</td> <td>921,031</td> <td>310,495</td> </tr> <tr> <td>Tax and social security</td> <td>7,699</td> <td>9,497</td> </tr> <tr> <td>Subordinated debts</td> <td>913,050</td> <td>300,000</td> </tr> <tr> <td>Sundry</td> <td>282</td> <td>998</td> </tr> <tr> <td>Shareholders’ Equity</td> <td>1,059,731</td> <td>778,423</td> </tr> <tr> <td>Capital Foreign residents</td> <td>617,916</td> <td>476,471</td> </tr> <tr> <td>Income reserve - Statutory</td> <td>396,583</td> <td>263,722</td> </tr> <tr> <td>Income reserve - Legal</td> <td>36,963</td> <td>27,342</td> </tr> <tr> <td>Equity valuation adjustment</td> <td>8,269</td> <td>10,888</td> </tr> <tr> <td>Total</td> <td>13,282,993</td> <td>10,990,090</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="2">2012</td> <td>2011</td> </tr> <tr> <td></td> <td>nd 2 half</td> <td>Year</td> <td>Year</td> </tr> <tr> <td>Revenue from financial intermediation</td> <td>528,524</td> <td>1,438,627</td> <td>1,256,639</td> </tr> <tr> <td>Credit operations</td> <td>264,813</td> <td>707,846</td> <td>598,873</td> </tr> <tr> <td>Result from marketable security transactions</td> <td>212,115</td> <td>492,184</td> <td>583,966</td> </tr> <tr> <td>Result from derivative financial instruments</td> <td>19,532</td> <td>65,022</td> <td>(80,020)</td> </tr> <tr> <td>Result from foreign exchange transactions</td> <td>32,064</td> <td>173,575</td> <td>153,820</td> </tr> <tr> <td>Financial intermediation expenses</td> <td>(335,078)</td> <td>(994,018)</td> <td>(925,155)</td> </tr> <tr> <td>Open market funding</td> <td>(132,090)</td> <td>(302,135)</td> <td>(290,853)</td> </tr> <tr> <td>Loans and on-lending</td> <td>(182,641)</td> <td>(654,530)</td> <td>(569,338)</td> </tr> <tr> <td>Allowance for loan losses</td> <td>(20,347)</td> <td>(37,353)</td> <td>(64,964)</td> </tr> <tr> <td>Gross income from financial intermediation</td> <td>193,446</td> <td>444,609</td> <td>331,484</td> </tr> <tr> <td>Other operating income (expenses)</td> <td>(48,473)</td> <td>(131,173)</td> <td>(106,321)</td> </tr> <tr> <td>Revenue from services rendered</td> <td>46,634</td> <td>71,868</td> <td>49,220</td> </tr> <tr> <td>Expenses with personnel</td> <td>(39,021)</td> <td>(96,019)</td> <td>(65,958)</td> </tr> <tr> <td>Expenses with executive board remuneration</td> <td>(7,453)</td> <td>(10,411)</td> <td>(14,030)</td> </tr> <tr> <td>Other administrative expenses</td> <td>(35,055)</td> <td>(68,566)</td> <td>(57,869)</td> </tr> <tr> <td>Tax expenses</td> <td>(13,481)</td> <td>(27,236)</td> <td>(19,335)</td> </tr> <tr> <td>Other operating income</td> <td>65</td> <td>146</td> <td>3,325</td> </tr> <tr> <td>Other operating expenses</td> <td>(162)</td> <td>(955)</td> <td>(1,674)</td> </tr> <tr> <td>Operating income (loss)</td> <td>144,973</td> <td>313,436</td> <td>225,163</td> </tr> <tr> <td>Non-operating income (loss)</td> <td>(630)</td> <td>(795)</td> <td>442</td> </tr> <tr> <td>Income before taxes and profit sharing</td> <td>144,343</td> <td>312,641</td> <td>225,605</td> </tr> <tr> <td>Income and social contribution taxes</td> <td>(33,431)</td> <td>(101,831)</td> <td>(67,425)</td> </tr> <tr> <td>Provision for income tax</td> <td>(24,415)</td> <td>(67,037)</td> <td>(36,764)</td> </tr> <tr> <td>Provision for social contribution tax</td> <td>(15,534)</td> <td>(41,017)</td> <td>(22,375)</td> </tr> <tr> <td>Deferred tax assets</td> <td>6,518</td> <td>6,223</td> <td>(8,286)</td> </tr> <tr> <td>Profit sharing</td> <td>(15,461)</td> <td>(18,386)</td> <td>(29,317)</td> </tr> <tr> <td>Net income for the six-month period/years</td> <td>95,451</td> <td>192,424</td> <td>128,863</td> </tr> <tr> <td>Earnings per thousand shares – R$</td> <td>160.98</td> <td>324.53</td> <td>281.85</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td></td> <td>Capital</td> <td>Income reserve -</td> <td>Income reserve</td> <td>Equity pick-up</td> <td>Retained</td> <td></td> </tr> <tr> <td></td> <td>Capital</td> <td>increase</td> <td>Statutory</td> <td>- Legal</td> <td>adjustments</td> <td>earnings</td> <td>Total</td> </tr> <tr> <td>Balances at December 31, 2010</td> <td>411,962</td> <td>31,222</td> <td>180,463</td> <td>20,899</td> <td>8,133</td> <td>-</td> <td>652,679</td> </tr> <tr> <td>Capital increase approved at Special Shareholders' Meeting (AGE) held on December 30, 2010</td> <td>31,222</td> <td>(31,222)</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> </tr> <tr> <td>Capital increase according to Special Shareholders' Meeting (AGE) held on December 30, 2010</td> <td>-</td> <td>33,287</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>33,287</td> </tr> <tr> <td>Equity valuation adjustment</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>2,755</td> <td>-</td> <td>2,755</td> </tr> <tr> <td>Net income for the year</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>128,863</td> <td>128,863</td> </tr> <tr> <td>Allocations: Legal reserve</td> <td>-</td> <td>-</td> <td>-</td> <td>6,443</td> <td>-</td> <td>(6,443)</td> <td>-</td> </tr> <tr> <td>Statutory reserve</td> <td>-</td> <td>-</td> <td>83,259</td> <td>-</td> <td>-</td> <td>(83,259)</td> <td>-</td> </tr> <tr> <td>Interest on equity</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>(39,161)</td> <td>(39,161)</td> </tr> <tr> <td>Balances at December 31, 2011</td> <td>443,184</td> <td>33,287</td> <td>263,722</td> <td>27,342</td> <td>10,888</td> <td>-</td> <td>778,423</td> </tr> <tr> <td>Capital increase approved at Special Shareholders' Meeting (AGE) held on December 30, 2010</td> <td>33,287</td> <td>(33,287)</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> </tr> <tr> <td>Capital increase according to Special Shareholders' Meeting (AGE) held on January 26, 2012</td> <td>98,994</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>98,994</td> </tr> <tr> <td>Capital increase according to Special Shareholders' Meeting (AGE) held on December 28, 2012</td> <td>-</td> <td>42,451</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>42,451</td> </tr> <tr> <td>Equity valuation adjustment</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>(2,619)</td> <td>-</td> <td>(2,619)</td> </tr> <tr> <td>Net income for the year</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>192,424</td> <td>192,424</td> </tr> <tr> <td>Allocations: Legal reserve</td> <td>-</td> <td>-</td> <td>-</td> <td>9,621</td> <td>-</td> <td>(9,621)</td> <td>-</td> </tr> <tr> <td>Statutory reserve</td> <td>-</td> <td>-</td> <td>132,861</td> <td>-</td> <td>-</td> <td>(132,861)</td> <td>-</td> </tr> <tr> <td>Interest on equity</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>(49,942)</td> <td>(49,942)</td> </tr> <tr> <td>Balances at December 31, 2012</td> <td>575,465</td> <td>42,451</td> <td>396,583</td> <td>36,963</td> <td>8,269</td> <td>-</td> <td>1,059,731</td> </tr> <tr> <td>Balances at June 30, 2012</td> <td>575,465</td> <td>-</td> <td>263,722</td> <td>32,191</td> <td>6,573</td> <td>92,124</td> <td>970,075</td> </tr> <tr> <td>Capital increase according to Special Shareholders' Meeting (AGE) held on December 28,</td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>2012 Net income for the six-month period</td> <td>- -</td> <td>42,451 -</td> <td>- -</td> <td>- -</td> <td>- -</td> <td>- 95,451</td> <td>42,451 95,451</td> </tr> <tr> <td>Equity valuation adjustment</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>1,696</td> <td>-</td> <td>1,696</td> </tr> <tr> <td>Allocations: Legal reserve</td> <td>-</td> <td>-</td> <td>-</td> <td>4,772</td> <td>-</td> <td>(4,772)</td> <td>-</td> </tr> <tr> <td>Statutory reserve</td> <td>-</td> <td>-</td> <td>132,861</td> <td>-</td> <td>-</td> <td>(132,861)</td> <td>-</td> </tr> <tr> <td>Interest on equity</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>(49,942)</td> <td>(49,942)</td> </tr> <tr> <td>Balances at December 31, 2012</td> <td>575,465</td> <td>42,451</td> <td>396,583</td> <td>36,963</td> <td>8,269</td> <td>-</td> <td>1,059,731</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="2">2012</td> <td>2011</td> </tr> <tr> <td></td> <td>nd 2 half</td> <td>Year</td> <td>Year</td> </tr> <tr> <td>Cash flow from operating activities:</td> <td></td> <td></td> <td></td> </tr> <tr> <td>Net income</td> <td>95,451</td> <td>192,424</td> <td>128,863</td> </tr> <tr> <td>Adjustment to net income:</td> <td></td> <td></td> <td></td> </tr> <tr> <td>Adjustments to market value</td> <td>1,696</td> <td>(2,619)</td> <td>2,755</td> </tr> <tr> <td>Depreciation</td> <td>1,258</td> <td>2,448</td> <td>2,176</td> </tr> <tr> <td>Amortization</td> <td>1,519</td> <td>2,708</td> <td>1,740</td> </tr> <tr> <td>Allowance for loan losses</td> <td>20,347</td> <td>37,353</td> <td>64,964</td> </tr> <tr> <td>Provisions for impairment of non-financial assets</td> <td>-</td> <td>-</td> <td>(2,540)</td> </tr> <tr> <td>Provisions (reversals) for tax, civil and labor claims</td> <td>(140)</td> <td>(767)</td> <td>2,167</td> </tr> <tr> <td>Net income after adjustments</td> <td>120,131</td> <td>231,547</td> <td>200,125</td> </tr> <tr> <td>(Increase) in interbank deposits</td> <td>(40,515)</td> <td>(40,515)</td> <td>-</td> </tr> <tr> <td>Decrease in marketable securities</td> <td></td> <td></td> <td></td> </tr> <tr> <td>and derivative financial instruments (Increase) in interbank accounts</td> <td>1,122,795 (4,323)</td> <td>978,401 (4,435)</td> <td>15.250 (407)</td> </tr> <tr> <td>Increase (decrease) in interdepartmental accounts</td> <td>397,837</td> <td>410,217</td> <td>(24,718)</td> </tr> <tr> <td>(Increase) in loans</td> <td>(1,224,271)</td> <td>(1,798,611)</td> <td>(1,373,504)</td> </tr> <tr> <td>Increase (decrease) in other receivables</td> <td>189,983</td> <td>(226,709)</td> <td>(936,706)</td> </tr> <tr> <td>(Increase) decrease in other assets</td> <td>962</td> <td>962</td> <td>(1,160)</td> </tr> <tr> <td>(Increase) decrease in prepaid expenses</td> <td>123</td> <td>(50)</td> <td>21</td> </tr> <tr> <td>Increase in other liabilities</td> <td>870,823</td> <td>668,372</td> <td>773,082</td> </tr> <tr> <td></td> <td>1,313,414</td> <td>(12,368)</td> <td>(1,548,142)</td> </tr> <tr> <td>Net cash provided by (used in) operating activities</td> <td>1,433,545</td> <td>219,179</td> <td>(1,348,017)</td> </tr> <tr> <td>Cash flow from investing activities</td> <td></td> <td></td> <td></td> </tr> <tr> <td>Disposal of property and equipment in use</td> <td>206</td> <td>418</td> <td>92</td> </tr> <tr> <td>Acquisition of property and equipment</td> <td>(3,071)</td> <td>(6,082)</td> <td>(7,846)</td> </tr> <tr> <td>Acquisition of intangible asset</td> <td>(7,573)</td> <td>(8,517)</td> <td>(4,239)</td> </tr> <tr> <td>Net cash used in investing activities</td> <td>(10,438)</td> <td>(14,181)</td> <td>(11,993)</td> </tr> <tr> <td>Cash flow from financing activities</td> <td></td> <td></td> <td></td> </tr> <tr> <td>Increase (decrease) in deposits</td> <td>(63,358)</td> <td>1,122,485</td> <td>(3,857)</td> </tr> <tr> <td>(Decrease) in open market funding</td> <td>(381,378)</td> <td>(340,191)</td> <td>(465,679)</td> </tr> <tr> <td>Increase (decrease) in funds from issuance of securities</td> <td>(603,471)</td> <td>(394,102)</td> <td>581,003</td> </tr> <tr> <td>Increase (decrease) in borrowings and onlending</td> <td>(163,737)</td> <td>561,850</td> <td>1,775,922</td> </tr> <tr> <td>Capital increase</td> <td>42,451</td> <td>141,445</td> <td>33,287</td> </tr> <tr> <td>Interest on equity</td> <td>(49,942)</td> <td>(49,942)</td> <td>(39,161)</td> </tr> <tr> <td>Net cash from financing activities</td> <td>(1,219,435)</td> <td>1,041,545</td> <td>1,881,515</td> </tr> <tr> <td>Increase in cash and cash equivalents</td> <td>203,672</td> <td>1,246,543</td> <td>521,505</td> </tr> <tr> <td>Cash and cash equivalents</td> <td></td> <td></td> <td></td> </tr> <tr> <td>At beginning of six-month period/years</td> <td>3,567,671</td> <td>2,524,800</td> <td>2,003,295</td> </tr> <tr> <td>At end of six-month period/years</td> <td>3,771,343</td> <td>3,771,343</td> <td>2,524,800</td> </tr> <tr> <td>Increase in cash and cash equivalents</td> <td>203,672</td> <td>1,246,543</td> <td>521,505</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="2">2012</td> <td colspan="2">2011</td> </tr> <tr> <td>Description</td> <td>Book value</td> <td>Market value</td> <td>Book value</td> <td>Market value</td> </tr> <tr> <td>Federal Government Bonds - National Treasury</td> <td>296,534</td> <td>296,534</td> <td>595,567</td> <td>595,567</td> </tr> <tr> <td>(1) Multicredit FIDC</td> <td>765,649</td> <td>765,649</td> <td>1,235,902</td> <td>1,235,902</td> </tr> <tr> <td>(2) Minerva - FIDC</td> <td>19,064</td> <td>19,064</td> <td>57,071</td> <td>57,071</td> </tr> <tr> <td>(2) Tribanco-Martins – FIDC</td> <td>-</td> <td>-</td> <td>146,792</td> <td>146,792</td> </tr> <tr> <td>Equity shares</td> <td>-</td> <td>-</td> <td>14,956</td> <td>14,956</td> </tr> <tr> <td>Debentures</td> <td>168,455</td> <td>168,455</td> <td>192,954</td> <td>192,954</td> </tr> <tr> <td>Rural Product Bill</td> <td>1,480</td> <td>1,480</td> <td>-</td> <td>-</td> </tr> <tr> <td>Subtotal - own portfolio</td> <td>1,251,182</td> <td>1,251,182</td> <td>2,243,242</td> <td>2,243,242</td> </tr> <tr> <td>Federal Government Bonds - National Treasury</td> <td>-</td> <td>-</td> <td>54,082</td> <td>54,082</td> </tr> <tr> <td>Subtotal subject to repurchase agreements</td> <td>-</td> <td>-</td> <td>54,082</td> <td>54,082</td> </tr> <tr> <td>Federal Government Bonds - National Treasury</td> <td>344,389</td> <td>344,389</td> <td>249,914</td> <td>249,914</td> </tr> <tr> <td>Subtotal subject to guarantees given</td> <td>344,389</td> <td>344,389</td> <td>249,914</td> <td>249,914</td> </tr> <tr> <td></td> <td>1,595,571</td> <td>1,595,571</td> <td>2,547,238</td> <td>2,547,238</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="6">2012</td> </tr> <tr> <td></td> <td></td> <td></td> <td></td> <td colspan="3">Book value by maturity</td> </tr> <tr> <td>Category</td> <td>Restated cost</td> <td>Market value</td> <td>Book value</td> <td>Within 90 days</td> <td>From 91 to 365 days</td> <td>Above 365 days</td> </tr> <tr> <td>LFT</td> <td>6,645</td> <td>6,642</td> <td>6,642</td> <td>-</td> <td>-</td> <td>6,642</td> </tr> <tr> <td>LTN</td> <td>417,795</td> <td>419,314</td> <td>419,314</td> <td>119,967</td> <td>250,237</td> <td>49,109</td> </tr> <tr> <td>NTN-F</td> <td>179,714</td> <td>191,981</td> <td>191,981</td> <td>23,914</td> <td>-</td> <td>168,067</td> </tr> <tr> <td>Debentures</td> <td>168,455</td> <td>168,455</td> <td>168,455</td> <td>-</td> <td>-</td> <td>168,455</td> </tr> <tr> <td>FIDC</td> <td>784,713</td> <td>784,713</td> <td>784,713</td> <td>-</td> <td>765,649</td> <td>19,064</td> </tr> <tr> <td>CPR</td> <td>1,480</td> <td>1,480</td> <td>1,480</td> <td>-</td> <td>1,480</td> <td>-</td> </tr> <tr> <td>Available for sale</td> <td>1,558,802</td> <td>1,572,585</td> <td>1,572,585</td> <td>143,881</td> <td>1,017,366</td> <td>411,337</td> </tr> <tr> <td>LFT</td> <td>114</td> <td>114</td> <td>114</td> <td>-</td> <td>-</td> <td>114</td> </tr> <tr> <td>NTN-B</td> <td>22,336</td> <td>22,872</td> <td>22,872</td> <td>-</td> <td>22,872</td> <td>-</td> </tr> <tr> <td>Trading</td> <td>22,450</td> <td>22,986</td> <td>22,986</td> <td>-</td> <td>22,872</td> <td>114</td> </tr> <tr> <td></td> <td>1,581,252</td> <td>1,595,571</td> <td>1,595,571</td> <td>143,881</td> <td>1,040,238</td> <td>411,451</td> </tr> <tr> <td>2011</td> <td>2,528,556</td> <td>2,547,238</td> <td>2,547,238</td> <td>138,076</td> <td>1,692,785</td> <td>716,377</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Administrator Funds</td> <td>Credit assignment origin</td> </tr> <tr> <td>Concórdia S.A. Corretora de Valores Mobiliários Câmbio e Commodities:</td> <td></td> </tr> <tr> <td>Multicredit Credit Assignment Investment Fund</td> <td>“Pão de Açúcar”, “Martins” and</td> </tr> <tr> <td>Tribanco-Martins – Credit Assignment Investment Fund</td> <td>“Minerva” Companies “Martins” company</td> </tr> <tr> <td>Oliveira Trust Distribuidora de Títulos e Valores Mobiliários S.A.:</td> <td></td> </tr> <tr> <td>Minerva – Credit Assignment Investment Fund – Mercantile</td> <td>“Minerva” company</td> </tr> <tr> <td>Credit</td> <td></td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="4">Term</td> </tr> <tr> <td></td> <td>Balances</td> <td>Within 90 days</td> <td>From 91 365 days</td> <td>Above 365 days</td> </tr> <tr> <td>Assets</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Cash and cash equivalents</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Cash</td> <td>1,138</td> <td>1,138</td> <td>-</td> <td>-</td> </tr> <tr> <td>Short-term interbank investments</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Open market investments - LTN</td> <td>17,159</td> <td>17,159</td> <td>-</td> <td>-</td> </tr> <tr> <td>Marketable securities</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Own portfolio - LFT</td> <td>218,378</td> <td>57,625</td> <td>3,339</td> <td>157,414</td> </tr> <tr> <td>- Bank deposit certificate</td> <td>11,020</td> <td>-</td> <td>11,020</td> <td>-</td> </tr> <tr> <td>- Financial bill</td> <td>10,842</td> <td>-</td> <td>-</td> <td>10,842</td> </tr> <tr> <td>- FIDC</td> <td>224,360</td> <td>-</td> <td>-</td> <td>224,360</td> </tr> <tr> <td></td> <td>464,600</td> <td>57,625</td> <td>14,359</td> <td>392,616</td> </tr> <tr> <td>Other receivables</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Unearned income</td> <td>292,297</td> <td>279,552</td> <td>12,745</td> <td>-</td> </tr> <tr> <td>Other assets receivable</td> <td>15,032</td> <td>15,032</td> <td>-</td> <td>-</td> </tr> <tr> <td></td> <td>307,329</td> <td>294,584</td> <td>12,745</td> <td>-</td> </tr> <tr> <td>Total</td> <td>790,226</td> <td>370,506</td> <td>27,104</td> <td>392,616</td> </tr> <tr> <td>Liabilities and equity Other liabilities</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Income tax payable</td> <td>23,246</td> <td>23,246</td> <td>-</td> <td>-</td> </tr> <tr> <td>Creditors – pending settlements</td> <td>1,134</td> <td>1,134</td> <td>-</td> <td>-</td> </tr> <tr> <td>Other administrative expenses</td> <td>197</td> <td>197</td> <td>-</td> <td>-</td> </tr> <tr> <td>Fund’s net assets</td> <td>24,577 765,649</td> <td>24,577 765,649</td> <td>- -</td> <td>- -</td> </tr> <tr> <td>Total</td> <td>790,226</td> <td>790,226</td> <td>-</td> <td>-</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Derivative financial instruments - assets</td> <td>2012</td> <td>2011</td> </tr> <tr> <td>Swap - Difference receivable</td> <td>6,598</td> <td>2,169</td> </tr> <tr> <td>Options - premiums paid</td> <td>2,992</td> <td>16,092</td> </tr> <tr> <td>Call back swaption</td> <td>920</td> <td>-</td> </tr> <tr> <td>NDF - difference receivable</td> <td>29,179</td> <td>64,430</td> </tr> <tr> <td>Derivative financial instruments - liabilities</td> <td>39,689</td> <td>82,691</td> </tr> <tr> <td>Swap - difference payable</td> <td>(44,064)</td> <td>(19,068)</td> </tr> <tr> <td>Options - premiums received</td> <td>(2,501)</td> <td>(10,290)</td> </tr> <tr> <td>NDF - difference payable</td> <td>(15,748)</td> <td>(49,223)</td> </tr> <tr> <td></td> <td>(62,313)</td> <td>(78,581)</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="5">2012 2011</td> </tr> <tr> <td></td> <td></td> <td></td> <td colspan="2">Market value</td> <td></td> </tr> <tr> <td></td> <td>Reference value</td> <td>Assets</td> <td>Liabilities</td> <td>Net position</td> <td>Net position</td> </tr> <tr> <td>) Index</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>CDI vs. US Dollar</td> <td>439,756</td> <td>478,627</td> <td>(510,313)</td> <td>(31,686)</td> <td>(16,082)</td> </tr> <tr> <td>CDI vs. Index</td> <td>125,000</td> <td>143,523</td> <td>(153,935)</td> <td>(10,412)</td> <td>(1,762)</td> </tr> <tr> <td>US Dollar vs. CDI</td> <td>75,000</td> <td>85,164</td> <td>(81,167)</td> <td>3,997</td> <td>-</td> </tr> <tr> <td>US Dollar vs. Other</td> <td>69,316</td> <td>80,235</td> <td>(78,576)</td> <td>1,659</td> <td>1,649</td> </tr> <tr> <td>Other vs. US Dollar</td> <td>69,316</td> <td>78,577</td> <td>(79,601)</td> <td>(1,024)</td> <td>(704)</td> </tr> <tr> <td></td> <td>778,388</td> <td>866,126</td> <td>(903,592)</td> <td>(37,466)</td> <td>(16,899)</td> </tr> <tr> <td>I) Trading place:</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>OTC</td> <td>778,388</td> <td>866,126</td> <td>(903,592)</td> <td>(37,466)</td> <td>(16,899)</td> </tr> <tr> <td></td> <td>778,388</td> <td>866,126</td> <td>(903,592)</td> <td>(37,466)</td> <td>(16,899)</td> </tr> <tr> <td>II) Maturity:</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Within 90 days</td> <td>132,260</td> <td>144,272</td> <td>(150,053)</td> <td>(5,781)</td> <td>(6,046)</td> </tr> <tr> <td>From 91 to 365 days</td> <td>196,167</td> <td>218,788</td> <td>(235,006)</td> <td>(16,218)</td> <td>(1,987)</td> </tr> <tr> <td>Above 365 days</td> <td>449,961</td> <td>503,066</td> <td>(518,533)</td> <td>(15,467)</td> <td>(8,866)</td> </tr> <tr> <td></td> <td>778,388</td> <td>866,126</td> <td>(903,592)</td> <td>(37,466)</td> <td>(16,899)</td> </tr> </tbody> </table>

5fbf7790955c0f000097770f

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td></td> <td>20</td> <td>12</td> <td></td> <td>2011</td> </tr> <tr> <td></td> <td></td> <td></td> <td colspan="2">Market value</td> <td></td> </tr> <tr> <td></td> <td>Reference value</td> <td>Assets</td> <td>Liabilities</td> <td>Net position</td> <td>Net position</td> </tr> <tr> <td>I) Type:</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Call option</td> <td>25,672</td> <td>920</td> <td>-</td> <td>920</td> <td>-</td> </tr> <tr> <td></td> <td>25,672</td> <td>920</td> <td>-</td> <td>920</td> <td>-</td> </tr> <tr> <td>II) Trading place:</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>OTC</td> <td>25,672</td> <td>920</td> <td>-</td> <td>920</td> <td>-</td> </tr> <tr> <td></td> <td>25,672</td> <td>920</td> <td>-</td> <td>920</td> <td>-</td> </tr> <tr> <td>III) Maturity:</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>From 91 to 365 days</td> <td>25,672</td> <td>920</td> <td>-</td> <td>920</td> <td>-</td> </tr> <tr> <td></td> <td>25,672</td> <td>920</td> <td>-</td> <td>920</td> <td>-</td> </tr> </tbody> </table>

5fbf7a35955c0f0000977710

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2012 2011</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td></td> <td>Book financial value</td> <td>Market Restated</td> <td>Assets</td> <td>Mark Liabilities</td> <td>t value Net position</td> <td>Net position</td> </tr> <tr> <td>I) Type:</td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>a) Flexible options:</td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Purchase of call options</td> <td>66,250</td> <td>341</td> <td>242</td> <td>-</td> <td>242</td> <td>-</td> </tr> <tr> <td>Sale of call options</td> <td>52,312</td> <td>(388)</td> <td>-</td> <td>(185)</td> <td>(185)</td> <td>-</td> </tr> <tr> <td>Sale of put options</td> <td>63,480</td> <td>(833)</td> <td>-</td> <td>(666)</td> <td>(666)</td> <td>-</td> </tr> <tr> <td>b) Standard options:</td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Purchase of call options</td> <td>62,375</td> <td>1,134</td> <td>624</td> <td>-</td> <td>624</td> <td>16,092</td> </tr> <tr> <td>Purchase of put options</td> <td>110,250</td> <td>1,224</td> <td>2,126</td> <td>-</td> <td>2,126</td> <td>-</td> </tr> <tr> <td>Sale of call options</td> <td>71,100</td> <td>(951)</td> <td>-</td> <td>(520)</td> <td>(520)</td> <td>(10,290)</td> </tr> <tr> <td>Sale of put options</td> <td>67,875</td> <td>(378)</td> <td>-</td> <td>(1,130)</td> <td>(1,130)</td> <td>-</td> </tr> <tr> <td></td> <td>493,642</td> <td>149</td> <td>2,992</td> <td>(2,501)</td> <td>491</td> <td>5,802</td> </tr> <tr> <td>II) Trading place:</td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>a) Flexible options: OTC</td> <td>182,042</td> <td>(880)</td> <td>242</td> <td>(851)</td> <td>(609)</td> <td>-</td> </tr> <tr> <td>b) Standard options:</td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Stock exchange</td> <td>311,600</td> <td>1,029</td> <td>2,750</td> <td>(1,650)</td> <td>1,100</td> <td>5,802</td> </tr> <tr> <td></td> <td>493,642</td> <td>149</td> <td>2,992</td> <td>(2,501)</td> <td>491</td> <td>5,802</td> </tr> <tr> <td>III) Maturity:</td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>a) Flexible options:</td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Within 90 days</td> <td>47,260</td> <td>(31)</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> </tr> <tr> <td>From 91 to 365 days</td> <td>132,095</td> <td>(630)</td> <td>242</td> <td>(736)</td> <td>(494)</td> <td>-</td> </tr> <tr> <td>Above 365 days</td> <td>2,687</td> <td>(219)</td> <td>-</td> <td>(115)</td> <td>(115)</td> <td>-</td> </tr> <tr> <td>b) Standard options:</td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Within 90 days</td> <td>223,000</td> <td>1,414</td> <td>2,361</td> <td>(1,130)</td> <td>1,231</td> <td>5,153</td> </tr> <tr> <td>From 91 to 365 days</td> <td>86,500</td> <td>(251)</td> <td>389</td> <td>(408)</td> <td>(19)</td> <td>649</td> </tr> <tr> <td>Above 365 days</td> <td>2,100</td> <td>(134)</td> <td>-</td> <td>(112)</td> <td>(112)</td> <td>-</td> </tr> <tr> <td></td> <td>493,642</td> <td>149</td> <td>2,992</td> <td>(2,501)</td> <td>491</td> <td>5,802</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="4">2012</td> <td>2011</td> </tr> <tr> <td></td> <td>Reference value</td> <td>Amounts receivable</td> <td>Mar Amounts payable</td> <td>et value Net position</td> <td>Net position</td> </tr> <tr> <td>I) Type:</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>a) Currencies:</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Purchase</td> <td>994,846</td> <td>24,414</td> <td>(11,271)</td> <td>13,143</td> <td>56,069</td> </tr> <tr> <td>Sale</td> <td>9,520</td> <td>203</td> <td>-</td> <td>203</td> <td>(42,276)</td> </tr> <tr> <td>b) Commodities:</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Purchase</td> <td>52,823</td> <td>421</td> <td>(4,116)</td> <td>(3,695)</td> <td>(407)</td> </tr> <tr> <td>Sale</td> <td>49,707</td> <td>4,141</td> <td>(361)</td> <td>3,780</td> <td>1,821</td> </tr> <tr> <td></td> <td>1,106,896</td> <td>29,179</td> <td>(15,748)</td> <td>13,431</td> <td>15,207</td> </tr> <tr> <td>II) Trading place:</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>OTC</td> <td>1,106,896</td> <td>29,179</td> <td>(15,748)</td> <td>13,431</td> <td>15,207</td> </tr> <tr> <td></td> <td>1,106,896</td> <td>29,179</td> <td>(15,748)</td> <td>13,431</td> <td>15,207</td> </tr> <tr> <td>III) Maturity:</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Within 90 days</td> <td>285,382</td> <td>10,225</td> <td>(4,675)</td> <td>5,550</td> <td>3,748</td> </tr> <tr> <td>From 91 to 365 days</td> <td>732,945</td> <td>11,874</td> <td>(10,678)</td> <td>1,196</td> <td>5,101</td> </tr> <tr> <td>Above 365 days</td> <td>88,569</td> <td>7,080</td> <td>(395)</td> <td>6,685</td> <td>6,358</td> </tr> <tr> <td></td> <td>1,106,896</td> <td>29,179</td> <td>(15,748)</td> <td>13,431</td> <td>15,207</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>20</td> <td>12</td> <td>2</td> <td>11</td> </tr> <tr> <td></td> <td>Long position</td> <td>Short position</td> <td>Long position</td> <td>Short position</td> </tr> <tr> <td>I) Type:</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Future - DI</td> <td>988,775</td> <td>322,065</td> <td>2,123,480</td> <td>1,132,456</td> </tr> <tr> <td>Future - DDI Future - DOL</td> <td>2,155,696 453,716</td> <td>1,314,281 839,984</td> <td>1,402,726 263,675</td> <td>661,894 544,557</td> </tr> <tr> <td>Future - COMMODITIES</td> <td>-</td> <td>4,853</td> <td>-</td> <td>11,863</td> </tr> <tr> <td></td> <td>3,598,187</td> <td>2,481,183</td> <td>3,789,881</td> <td>2,350,770</td> </tr> <tr> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Within 90 days</td> <td>637,254</td> <td>1,251,783</td> <td>1,700,270</td> <td>1,226,529</td> </tr> <tr> <td>From 91 to 365 days Above 365 days</td> <td>738,661 2,222,272</td> <td>535,389 694,011</td> <td>365,729 1,723,882</td> <td>530,927 593,314</td> </tr> <tr> <td></td> <td>3,598,187</td> <td>2,481,183</td> <td>3,789,881</td> <td>2,350,770</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2012</td> <td>2011</td> </tr> <tr> <td>Hedged items</td> <td></td> <td></td> </tr> <tr> <td>Amount restated under agreed-upon conditions</td> <td>1,030,478</td> <td>422,697</td> </tr> <tr> <td>Market value</td> <td>1,067,970</td> <td>441,057</td> </tr> <tr> <td>Adjustment value</td> <td>37,492</td> <td>18,360</td> </tr> <tr> <td>Hedge instruments</td> <td></td> <td></td> </tr> <tr> <td>Market value</td> <td>1,124,767</td> <td>445,701</td> </tr> </tbody> </table>

5fbf7d17955c0f0000977714

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2012</td> <td>2011</td> </tr> <tr> <td>Securing stock exchange transactions</td> <td></td> <td></td> </tr> <tr> <td>Government bonds</td> <td></td> <td></td> </tr> <tr> <td>National Treasury Bills (LTN)</td> <td>96,775</td> <td>226,298</td> </tr> <tr> <td>National Treasury Notes – (NTN)</td> <td>177,771</td> <td>-</td> </tr> <tr> <td>Securing OTC transactions in clearing and settlement house</td> <td></td> <td></td> </tr> <tr> <td>Government bonds</td> <td></td> <td></td> </tr> <tr> <td>National Treasury Bills (LTN)</td> <td>48,344</td> <td>23,616</td> </tr> <tr> <td>National Treasury Notes – (NTN)</td> <td>21,499</td> <td>-</td> </tr> <tr> <td></td> <td>344,389</td> <td>249,914</td> </tr> </tbody> </table>

5fbf7d3e955c0f0000977715

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td colspan="7">2012</td> <td>2011</td> </tr> <tr> <td>Product</td> <td>Rural</td> <td>Manufactu ring</td> <td colspan="2">Trade xxx Individual</td> <td colspan="2">Other services Total</td> <td>Total</td> </tr> <tr> <td>Foreign fund onlending</td> <td>,741,707</td> <td>-</td> <td>-</td> <td>657,744</td> <td>4,175</td> <td>2,403,626</td> <td>2,009,023</td> </tr> <tr> <td>Export financing</td> <td>384,671</td> <td>1,373,970</td> <td>325,567</td> <td>27,070</td> <td>361</td> <td>2,111,639</td> <td>717,956</td> </tr> <tr> <td>Advances on foreign exchange contracts</td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>(note 7)*</td> <td>36,394</td> <td>639,126</td> <td>172,396</td> <td>-</td> <td>5,132</td> <td>853,048</td> <td>561,869</td> </tr> <tr> <td>Finame</td> <td>399,019</td> <td>11,047</td> <td>-</td> <td>7,669</td> <td>5,549</td> <td>423,284</td> <td>321,169</td> </tr> <tr> <td>Working capital</td> <td>150,847</td> <td>36,724</td> <td>16,168</td> <td>80,336</td> <td>-</td> <td>284,075</td> <td>272,694</td> </tr> <tr> <td>Agribusiness credit assignment certificates</td> <td>-</td> <td>259,631</td> <td>-</td> <td>-</td> <td>-</td> <td>259,631</td> <td>224,072</td> </tr> <tr> <td>BNDES</td> <td>61,266</td> <td>71,518</td> <td>1,305</td> <td>1,117</td> <td>4,092</td> <td>139,298</td> <td>113,885</td> </tr> <tr> <td>Funcafé</td> <td>84,238</td> <td>10,035</td> <td>-</td> <td>-</td> <td>5,066</td> <td>99,339</td> <td>98,780</td> </tr> <tr> <td>Compror</td> <td>1,142</td> <td>2,096</td> <td>22,143</td> <td>1,719</td> <td>-</td> <td>27,100</td> <td>250,630</td> </tr> <tr> <td>Secured account</td> <td>4,645</td> <td>-</td> <td>-</td> <td>-</td> <td>20,152</td> <td>24,797</td> <td>-</td> </tr> <tr> <td>Vendor</td> <td>-</td> <td>-</td> <td>1,054</td> <td>9,340</td> <td>-</td> <td>10,394</td> <td>-</td> </tr> <tr> <td>Import financing</td> <td>-</td> <td>-</td> <td>32</td> <td>-</td> <td>-</td> <td>32</td> <td>-</td> </tr> <tr> <td></td> <td>,863,929</td> <td>2,404,147</td> <td>538,665</td> <td>784,995</td> <td>44,527</td> <td>6,636,263</td> <td>4,570,078</td> </tr> </tbody> </table>

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5fbf7e1f955c0f0000977717

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td colspan="5">2012 2011</td> </tr> <tr> <td>Risk level</td> <td>% minimum</td> <td>Total portfolio</td> <td>Allowance Total portfolio</td> <td>Allowance</td> </tr> <tr> <td>AA</td> <td>-</td> <td>1,205,059</td> <td>- 468,308</td> <td>-</td> </tr> <tr> <td>A</td> <td>0,5</td> <td>1,905,477</td> <td>9,527 1,216,986</td> <td>6,085</td> </tr> <tr> <td>B</td> <td>1,0</td> <td>3,255,485</td> <td>32,555 2,644,005</td> <td>26,440</td> </tr> <tr> <td>C</td> <td>3,0</td> <td>141,809</td> <td>4,254 105,336</td> <td>3,160</td> </tr> <tr> <td>D</td> <td>10,0</td> <td>42,098</td> <td>4,210 54,985</td> <td>5,499</td> </tr> <tr> <td>E</td> <td>30,0</td> <td>3,954</td> <td>1,186 1,448</td> <td>434</td> </tr> <tr> <td>F</td> <td>50,0</td> <td>20,630</td> <td>10,315 31,429</td> <td>15,715</td> </tr> <tr> <td>G</td> <td>70,0</td> <td>28,441</td> <td>19,909 11,318</td> <td>7,922</td> </tr> <tr> <td>H</td> <td>100,0</td> <td>33,310</td> <td>33,310 36,263</td> <td>36,263</td> </tr> <tr> <td></td> <td></td> <td>6,636,263</td> <td>115,266 4,570,078</td> <td>101,518</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="2">2012</td> <td>2011</td> </tr> <tr> <td></td> <td>2 nd half</td> <td>Year</td> <td>Year</td> </tr> <tr> <td>Opening balance</td> <td>109,425</td> <td>101,518</td> <td>82,380</td> </tr> <tr> <td>Setting up</td> <td>20,347</td> <td>37,353</td> <td>64,964</td> </tr> <tr> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Write-offs to loss Foreign exchange variation of branch abroad</td> <td>(14,510) 4</td> <td>(23,659) 54</td> <td>(45,851) 25</td> </tr> <tr> <td>Closing balance</td> <td>115,266</td> <td>115,266</td> <td>101,518</td> </tr> <tr> <td>Recovery of loans written off to loss</td> <td>4,930</td> <td>21,414</td> <td>34,341</td> </tr> <tr> <td>Loan renegotiation</td> <td>246,738</td> <td>276,880</td> <td>235,485</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="2">2012</td> <td colspan="2">2011</td> </tr> <tr> <td></td> <td>Assets</td> <td>Liabilities</td> <td>Assets</td> <td>Liabilities</td> </tr> <tr> <td>Unsettled foreign exchange purchase</td> <td>1,555,829</td> <td>-</td> <td>1,590,065</td> <td>-</td> </tr> <tr> <td>Unsettled foreign exchange sale</td> <td>-</td> <td>471,583</td> <td>-</td> <td>224,205</td> </tr> <tr> <td>Rights on foreign exchange sales</td> <td>467,834</td> <td>-</td> <td>217,427</td> <td>-</td> </tr> <tr> <td>Foreign exchange purchase liabilities</td> <td>-</td> <td>1,526,984</td> <td>-</td> <td>1,487,768</td> </tr> <tr> <td>Advances on foreign exchange contracts</td> <td>(40)</td> <td>-</td> <td>-</td> <td>-</td> </tr> <tr> <td>Income receivable from advances granted</td> <td>10,497</td> <td>-</td> <td>7,247</td> <td>-</td> </tr> <tr> <td>Advances on foreign exchange contracts</td> <td>-</td> <td>(842,551)</td> <td>-</td> <td>(554,622)</td> </tr> <tr> <td></td> <td>2,034,120</td> <td>1,156,016</td> <td>1,814,739</td> <td>1,157,351</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2012</td> <td>2011</td> </tr> <tr> <td>Tax credits (note 9) (c)</td> <td>80,029</td> <td>73,806</td> </tr> <tr> <td>Taxes and contributions recoverable</td> <td>187</td> <td>76</td> </tr> <tr> <td>Other</td> <td>5,991</td> <td>5,991</td> </tr> <tr> <td></td> <td>86,207</td> <td>79,873</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2012</td> <td>2011</td> </tr> <tr> <td>Net income before income taxes, less deductible profit sharing</td> <td>294,255</td> <td>196,288</td> </tr> <tr> <td>Income and social contribution taxes at the rates of 25% and 15%, respectively</td> <td>(117,702)</td> <td>(78,515)</td> </tr> <tr> <td>Effect of additions and exclusions from tax base: Interest on equity</td> <td>19,977</td> <td>15,664</td> </tr> <tr> <td>on non-deductible expenses, net of non-taxable profit</td> <td>(1,500)</td> <td>(2,156)</td> </tr> <tr> <td>on non-deductible interest/onlending from related parties</td> <td>(4,501)</td> <td>(3,442)</td> </tr> <tr> <td>on other amounts</td> <td>1,895</td> <td>1,024</td> </tr> <tr> <td>Income and social contribution tax results</td> <td>(101,831)</td> <td>(67,425)</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2012</td> <td>2011</td> </tr> <tr> <td>Opening balance</td> <td>73,806</td> <td>82,092</td> </tr> <tr> <td>(Set up/reversal)</td> <td></td> <td></td> </tr> <tr> <td>Against P&L for the period</td> <td>6,223</td> <td>(8,286)</td> </tr> <tr> <td>Closing balance</td> <td>80,029</td> <td>73,806</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="2">2012</td> <td colspan="2">2011</td> </tr> <tr> <td></td> <td>Income tax</td> <td>Social contribution tax</td> <td>Total</td> <td>Total</td> </tr> <tr> <td>Temporary differences:</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Allowance for loan losses</td> <td>39,283</td> <td>23,570</td> <td>62,853</td> <td>61,532</td> </tr> <tr> <td>Provision for bonus/Profit Sharing payment</td> <td>6,129</td> <td>5,137</td> <td>11,266</td> <td>10,152</td> </tr> <tr> <td>Provision for contingent liabilities</td> <td>1,095</td> <td>657</td> <td>1,752</td> <td>1,294</td> </tr> <tr> <td>Market value adjustment (TVM), derivative financial instruments and hedged items</td> <td>2,599</td> <td>1,559</td> <td>4,158</td> <td>828</td> </tr> <tr> <td>Total tax credits</td> <td>49,106</td> <td>30,923</td> <td>80,029</td> <td>73,806</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>Year</td> <td>Deferred income tax</td> <td>Deferred social contribution tax</td> <td>Total</td> </tr> <tr> <td>2013</td> <td></td> <td>17,668</td> <td>10,600</td> <td>28,268</td> </tr> <tr> <td>2014</td> <td></td> <td>15,255</td> <td>10,613</td> <td>25,868</td> </tr> <tr> <td>2015</td> <td></td> <td>3,753</td> <td>2,252</td> <td>6,005</td> </tr> <tr> <td>2016</td> <td></td> <td>2,902</td> <td>1,741</td> <td>4,643</td> </tr> <tr> <td>2017</td> <td></td> <td>3,679</td> <td>2,208</td> <td>5,887</td> </tr> <tr> <td>2018</td> <td></td> <td>2,918</td> <td>1,750</td> <td>4,668</td> </tr> <tr> <td>2019</td> <td></td> <td>2,931</td> <td>1,759</td> <td>4,690</td> </tr> <tr> <td></td> <td></td> <td>49,106</td> <td>30,923</td> <td>80,029</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Agribusiness credit bills</td> <td>Within 3 months 608,561</td> <td>From 3 to 12 months 808,361</td> <td>From 1 to 3 years 218,854</td> <td>Total 1,635,776</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="4">2012</td> <td colspan="2"></td> <td>2011</td> </tr> <tr> <td></td> <td>Within 3 months</td> <td>From 3 to 12 months</td> <td>From 1 to 3 years</td> <td>From 3 to 5 years</td> <td>From 5 to 15 years</td> <td>Total</td> <td>Total</td> </tr> <tr> <td>Borrowings Abroad</td> <td>725,385</td> <td>686,704</td> <td>104,256</td> <td>40,870</td> <td>-</td> <td>1,557,215</td> <td>1,957,814</td> </tr> <tr> <td>Onlending</td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Local</td> <td>27,966</td> <td>189,598</td> <td>211,054</td> <td>156,800</td> <td>72,163</td> <td>657,581</td> <td>580,080</td> </tr> <tr> <td>Abroad</td> <td>50,767</td> <td>1,602,048</td> <td>1,279,200</td> <td>546,977</td> <td>310,909</td> <td>3,789,901</td> <td>2,904,953</td> </tr> <tr> <td></td> <td>804,118</td> <td>2,478,350</td> <td>1,594,510</td> <td>744,647</td> <td>383,072</td> <td>6,004,697</td> <td>5,442,847</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>Balance at 12/31/2011</td> <td>(Reversal)</td> <td>Monetary restatement</td> <td>Balance at 12/31/2012</td> </tr> <tr> <td>Provision for tax risks</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>FGTS</td> <td>2,238</td> <td>(60)</td> <td>8</td> <td>2,186</td> </tr> <tr> <td>Civil provision</td> <td>298</td> <td>(216)</td> <td>25</td> <td>107</td> </tr> <tr> <td>Labor provision</td> <td>699</td> <td>(555)</td> <td>31</td> <td>175</td> </tr> <tr> <td></td> <td>3,235</td> <td>(831)</td> <td>64</td> <td>2,468</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2012</td> <td>2011</td> </tr> <tr> <td>Provision for bonuses and profit sharing</td> <td>18,270</td> <td>-</td> </tr> <tr> <td>Other personnel expenses payable</td> <td>8,209</td> <td>24,989</td> </tr> <tr> <td>Trade accounts payable</td> <td>2,165</td> <td>7,091</td> </tr> <tr> <td>Other administrative provisions</td> <td>1,911</td> <td>-</td> </tr> <tr> <td>Provision for legal claims (note 13) (c)</td> <td>282</td> <td>997</td> </tr> <tr> <td>Sundry</td> <td>1,953</td> <td>1,042</td> </tr> <tr> <td></td> <td>32,790</td> <td>34,119</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2012</td> <td>2011</td> </tr> <tr> <td>Rabobank International Holding B.V.</td> <td>592,935,021</td> <td>457,208,319</td> </tr> <tr> <td>Rabobank Curaçao N.V.</td> <td>1,856</td> <td>1,443</td> </tr> <tr> <td></td> <td>592,936,877</td> <td>457,209,762</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2012</td> <td>2011</td> </tr> <tr> <td>Compensation (management fees)</td> <td>6,554</td> <td>5,538</td> </tr> <tr> <td>Bonuses</td> <td>2,927</td> <td>5,082</td> </tr> <tr> <td>Supplementary private pension plans</td> <td>324</td> <td>945</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="2">2012</td> <td colspan="2">2011</td> </tr> <tr> <td></td> <td>Assets (liabilities)</td> <td>Revenues/ (expenses)</td> <td>Assets/ (liabilities)</td> <td>Revenues/ (expenses)</td> </tr> <tr> <td>Foreign currency deposits</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Rabobank Nederlands</td> <td>554</td> <td>(24)</td> <td>601</td> <td>(252)</td> </tr> <tr> <td>Open market investments</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Banco de Lage Landen Brasil S.A.</td> <td>-</td> <td>-</td> <td>-</td> <td>5,949</td> </tr> <tr> <td>Investments in interbank deposits</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Banco de Lage Landen Brasil S.A.</td> <td>-</td> <td>2,438</td> <td>143,946</td> <td>9,158</td> </tr> <tr> <td>Interbank onlending</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Banco de Lage Landen Brasil S.A.</td> <td>607</td> <td>9</td> <td>-</td> <td>-</td> </tr> <tr> <td>Foreign currency investments</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Rabobank Nederlands NY branch</td> <td>-</td> <td>(4,832)</td> <td>-</td> <td>27,867</td> </tr> <tr> <td>Foreign exchange portfolio</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Rabobank Nederlands</td> <td>(975)</td> <td>(1,070)</td> <td>8,818</td> <td>8,499</td> </tr> <tr> <td>Other receivables – (commissions payable)</td> <td></td> <td></td> <td></td> <td></td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="2">2012</td> <td colspan="2">2011</td> </tr> <tr> <td></td> <td>Assets (liabilities)</td> <td>Revenues/ (expenses)</td> <td>Assets/ (liabilities)</td> <td>Revenues/ (expenses)</td> </tr> <tr> <td>Rabobank Curaçao N.V.</td> <td>-</td> <td>15,886</td> <td>-</td> <td>14,763</td> </tr> <tr> <td>São Paulo Partners, LLC</td> <td>-</td> <td>4,785</td> <td>-</td> <td>7,027</td> </tr> <tr> <td>Interbank deposits</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Banco de Lage Landen Brasil S.A.</td> <td>(97,401)</td> <td>(13,856)</td> <td>(117,121)</td> <td>(6,395)</td> </tr> <tr> <td>Open market funding</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Banco de Lage Landen Brasil S.A.</td> <td>(187,520)</td> <td>(6,986)</td> <td>-</td> <td>(5,495)</td> </tr> <tr> <td>Agribusiness credit bills</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Administrative</td> <td>(4,599)</td> <td>(138)</td> <td>-</td> <td>-</td> </tr> <tr> <td>Derivative financial instruments</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Banco de Lage Landen Brasil S.A.</td> <td>(20,005)</td> <td>(13,301)</td> <td>(5,896)</td> <td>(3,292)</td> </tr> <tr> <td>Banco Cooperativo Sicredi S.A.</td> <td>-</td> <td>60</td> <td>-</td> <td>-</td> </tr> <tr> <td>Borrowings and onlending abroad</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>São Paulo Partners, LLC</td> <td>(3,480,371)</td> <td>(329,551)</td> <td>(2,454,992)</td> <td>(296,094)</td> </tr> <tr> <td>Rabobank Nederlands NY branch</td> <td>(1,295,554)</td> <td>(72,772)</td> <td>(675,777)</td> <td>(40,257)</td> </tr> <tr> <td>Rabobank Curaçao N.V.</td> <td>(134,037)</td> <td>(106,850)</td> <td>(1,295,677)</td> <td>(169,979)</td> </tr> <tr> <td>Tullaghought Company</td> <td>-</td> <td>915</td> <td>(46,657)</td> <td>(7,999)</td> </tr> <tr> <td>Rabobank Nederlands</td> <td>-</td> <td>-</td> <td>-</td> <td>66,683</td> </tr> <tr> <td>Other liabilities - (commissions payable)</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Banco Cooperativo Sicredi S.A. Banco de Lage Landen Brasil S.A.</td> <td>(2)</td> <td>(24)</td> <td>- (2)</td> <td>- (24)</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2012</td> <td>2011</td> </tr> <tr> <td>Commissioning received for advisory and transaction structuring services</td> <td>44,581</td> <td>21,894</td> </tr> <tr> <td>Business brokerage services</td> <td>20,671</td> <td>21,789</td> </tr> <tr> <td>Other services rendered and bank fees</td> <td>6,616</td> <td>5,537</td> </tr> <tr> <td></td> <td>71,868</td> <td>49,220</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2012</td> <td>2011</td> </tr> <tr> <td>Cash and cash equivalents in local currency</td> <td>11,043</td> <td>1,482</td> </tr> <tr> <td>Cash and cash equivalents in foreign currency</td> <td>422,716</td> <td>121,818</td> </tr> <tr> <td>Total</td> <td>433,759</td> <td>123,300</td> </tr> <tr> <td>Open market investments</td> <td>3,337,584</td> <td>2,257,554</td> </tr> <tr> <td>Interbank deposits</td> <td>-</td> <td>143,946</td> </tr> <tr> <td>Total cash and cash equivalents</td> <td>3,771,343</td> <td>2,524,800</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2011</td> <td>2010</td> </tr> <tr> <td>Assets</td> <td></td> <td></td> </tr> <tr> <td>Current</td> <td>8,599,116</td> <td>5,976,547</td> </tr> <tr> <td>Cash and cash equivalents</td> <td>123,300</td> <td>222,584</td> </tr> <tr> <td>Short-term interbank investments</td> <td>2,401,500</td> <td>1,780,711</td> </tr> <tr> <td>Open market investments</td> <td>2,257,554</td> <td>1,610,372</td> </tr> <tr> <td>Interbank deposits</td> <td>143,946</td> <td>161,811</td> </tr> <tr> <td>Transactions denominated in foreign currency</td> <td>-</td> <td>8,528</td> </tr> <tr> <td>Marketable securities and derivative financial instruments</td> <td>1,905,362</td> <td>1,414,485</td> </tr> <tr> <td>Own portfolio</td> <td>1,776,779</td> <td>1,238,289</td> </tr> <tr> <td>Subject to repurchase agreements</td> <td>54,082</td> <td>26,305</td> </tr> <tr> <td>Subject to guarantees given</td> <td>-</td> <td>126,056</td> </tr> <tr> <td>Derivative financial instruments</td> <td>74,501</td> <td>23,835</td> </tr> <tr> <td>Interbank accounts</td> <td>3,163</td> <td>2,756</td> </tr> <tr> <td>Restricted deposits:</td> <td></td> <td></td> </tr> <tr> <td>Central Bank of Brazil</td> <td>3,158</td> <td>2,750</td> </tr> <tr> <td>Correspondent banks</td> <td>5</td> <td>6</td> </tr> <tr> <td>Loans</td> <td>2,342,595</td> <td>1,682,142</td> </tr> <tr> <td>Private sector</td> <td>2,391,708</td> <td>1,707,216</td> </tr> <tr> <td>Allowance for loan losses</td> <td>(49,113)</td> <td>(25,074)</td> </tr> <tr> <td>Sundry</td> <td>1,821,932</td> <td>873,744</td> </tr> <tr> <td>Foreign exchange portfolio</td> <td>1,814,739</td> <td>864,608</td> </tr> <tr> <td>Income receivable</td> <td>6,344</td> <td>7,583</td> </tr> <tr> <td>Securities trading</td> <td>-</td> <td>792</td> </tr> <tr> <td>Sundry</td> <td>2,795</td> <td>2,960</td> </tr> <tr> <td>Allowance for other loan losses</td> <td>(1,946)</td> <td>(2,199)</td> </tr> <tr> <td>Other assets</td> <td>1,264</td> <td>125</td> </tr> <tr> <td>Other assets</td> <td>1,160</td> <td>-</td> </tr> <tr> <td>Prepaid expenses</td> <td>104</td> <td>125</td> </tr> <tr> <td>Non-current assets</td> <td>2,367,687</td> <td>2,244,182</td> </tr> <tr> <td>Marketable securities and</td> <td></td> <td></td> </tr> <tr> <td>derivative financial instruments</td> <td>724,567</td> <td>1,240,207</td> </tr> <tr> <td>Own portfolio</td> <td>466,463</td> <td>1,239,694</td> </tr> <tr> <td>Subject to guarantees given</td> <td>249,914</td> <td>-</td> </tr> <tr> <td>Derivative financial instruments</td> <td>8,190</td> <td>513</td> </tr> <tr> <td>Loans</td> <td>1,566,042</td> <td>917,696</td> </tr> <tr> <td>Private sector</td> <td>1,616,501</td> <td>970,193</td> </tr> <tr> <td>Allowance for loan losses</td> <td>(50,459)</td> <td>(52,497)</td> </tr> <tr> <td>Sundry</td> <td>77,078</td> <td>86,279</td> </tr> <tr> <td>Sundry</td> <td>77,078</td> <td>88,889</td> </tr> <tr> <td>Allowance for other loan losses</td> <td>-</td> <td>(2,610)</td> </tr> <tr> <td>Permanent assets</td> <td>23,287</td> <td>15,210</td> </tr> <tr> <td>Investments</td> <td>6</td> <td>6</td> </tr> <tr> <td>Other investments</td> <td>6</td> <td>6</td> </tr> <tr> <td>Property and equipment in use</td> <td>11,671</td> <td>6,093</td> </tr> <tr> <td>Other property and equipment in use</td> <td>19,743</td> <td>13.710</td> </tr> <tr> <td>Accumulated depreciation</td> <td>(8,072)</td> <td>(7,617)</td> </tr> <tr> <td>Intangible assets</td> <td>11,610</td> <td>9,111</td> </tr> <tr> <td>Intangible assets</td> <td>14,653</td> <td>10,606</td> </tr> <tr> <td>Accumulated amortization</td> <td>(3,043)</td> <td>(1,495)</td> </tr> <tr> <td>Total</td> <td>10,990,090</td> <td>8,235,939</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2011</td> <td>2010</td> </tr> <tr> <td>Liabilities</td> <td></td> <td></td> </tr> <tr> <td>Current</td> <td>6,876,451</td> <td>5,671,413</td> </tr> <tr> <td>Deposits</td> <td>182,450</td> <td>81,886</td> </tr> <tr> <td>Demand deposits</td> <td>19,621</td> <td>1,215</td> </tr> <tr> <td>Interbank deposits</td> <td>30,029</td> <td>16</td> </tr> <tr> <td>Time deposits</td> <td>132,480</td> <td>80,392</td> </tr> <tr> <td>Other deposits</td> <td>320</td> <td>263</td> </tr> <tr> <td>Open market funding</td> <td>551,168</td> <td>1,016,847</td> </tr> <tr> <td>Own portfolio</td> <td>53,980</td> <td>26,260</td> </tr> <tr> <td>Third-party portfolio</td> <td>497,188</td> <td>990,587</td> </tr> <tr> <td>Funds from acceptance and issue of securities</td> <td>1,965,474</td> <td>1,442,926</td> </tr> <tr> <td>Real estate, mortgage, credit and similar notes</td> <td>1,965,474</td> <td>1,442,926</td> </tr> <tr> <td>Interdepartmental accounts</td> <td>20,040</td> <td>44,758</td> </tr> <tr> <td>Third-party funds in transit</td> <td>20,040</td> <td>44,758</td> </tr> <tr> <td>Borrowings</td> <td>1,928,183</td> <td>564,500</td> </tr> <tr> <td>Foreign borrowings</td> <td>1,928,183</td> <td>564,500</td> </tr> <tr> <td>Local on-lending – Official Institutions</td> <td>248,320</td> <td>147,793</td> </tr> <tr> <td>BNDES</td> <td>19,417</td> <td>18,789</td> </tr> <tr> <td>FINAME</td> <td>73,218</td> <td>52,048</td> </tr> <tr> <td>Other institutions</td> <td>155,685</td> <td>76,956</td> </tr> <tr> <td>Foreign on-lending</td> <td>640,140</td> <td>1,785,065</td> </tr> <tr> <td>Foreign on-lending</td> <td>640,140</td> <td>1,785,065</td> </tr> <tr> <td>Derivative financial instruments</td> <td>67,883</td> <td>86,088</td> </tr> <tr> <td>Derivative financial instruments</td> <td>67,883</td> <td>86,088</td> </tr> <tr> <td>Other liabilities</td> <td>1,272,793</td> <td>501,550</td> </tr> <tr> <td>Collection of taxes and other contributions</td> <td>1,357</td> <td>1,197</td> </tr> <tr> <td>Foreign exchange portfolio</td> <td>1,157,351</td> <td>430,184</td> </tr> <tr> <td>Social and statutory</td> <td>12,558</td> <td>2,761</td> </tr> <tr> <td>Income and social security taxes</td> <td>50,367</td> <td>16,465</td> </tr> <tr> <td>Securities trading and brokerage</td> <td>4,141</td> <td>-</td> </tr> <tr> <td>Subordinated debts</td> <td>13,898</td> <td>13,484</td> </tr> <tr> <td>Sundry</td> <td>33,121</td> <td>37,459</td> </tr> <tr> <td>Non-current liabilities</td> <td>3,335,216</td> <td>1,911,847</td> </tr> <tr> <td>Deposits</td> <td>323,415</td> <td>427,836</td> </tr> <tr> <td>Interbank deposits</td> <td>87,092</td> <td>-</td> </tr> <tr> <td>Time deposits</td> <td>236,323</td> <td>427,836</td> </tr> <tr> <td>Funds from acceptance and issue of securities</td> <td>64,404</td> <td>5,949</td> </tr> <tr> <td>Real estate, mortgage, credit and similar notes</td> <td>64,404</td> <td>5,949</td> </tr> <tr> <td>Borrowings</td> <td>29,631</td> <td>69,019</td> </tr> <tr> <td>Foreign borrowings</td> <td>29,631</td> <td>69,019</td> </tr> <tr> <td>Local on-lending – Official Institutions</td> <td>331,760</td> <td>252,503</td> </tr> <tr> <td>BNDES</td> <td>86,689</td> <td>104,458</td> </tr> <tr> <td>FINAME</td> <td>241,125</td> <td>139,035</td> </tr> <tr> <td>Other institutions</td> <td>3,946</td> <td>9,010</td> </tr> <tr> <td>Foreign on-lending</td> <td>2,264,813</td> <td>848,045</td> </tr> <tr> <td>Foreign on-lending</td> <td>2,264,813</td> <td>848,045</td> </tr> <tr> <td>Derivative financial instruments</td> <td>10,698</td> <td>2,006</td> </tr> <tr> <td>Derivative financial instruments</td> <td>10,698</td> <td>2,006</td> </tr> <tr> <td>Other liabilities</td> <td>310,495</td> <td>306,489</td> </tr> <tr> <td>Income and social security taxes</td> <td>9,497</td> <td>6,277</td> </tr> <tr> <td>Subordinated debts</td> <td>300,000</td> <td>300,000</td> </tr> <tr> <td>Sundry</td> <td>998</td> <td>212</td> </tr> <tr> <td>Equity</td> <td>778,423</td> <td>652,679</td> </tr> <tr> <td>Capital :</td> <td></td> <td></td> </tr> <tr> <td>Foreign residents</td> <td>476,471</td> <td>443,184</td> </tr> <tr> <td>Income reserve - Statutory</td> <td>263,722</td> <td>180,463</td> </tr> <tr> <td>Income reserve – Legal</td> <td>27,342</td> <td>20,899</td> </tr> <tr> <td>Equity pick-up</td> <td>10,888</td> <td>8,133</td> </tr> <tr> <td></td> <td></td> <td></td> </tr> <tr> <td>Total</td> <td>10,990,090</td> <td>8,235,939</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="2">2011</td> <td>2010</td> </tr> <tr> <td></td> <td>2 nd half-year</td> <td>Year</td> <td>Year</td> </tr> <tr> <td>Interest income</td> <td>1,144,694</td> <td>1,256,639</td> <td>513,724</td> </tr> <tr> <td>Credit operations</td> <td>568,358</td> <td>598,873</td> <td>228,854</td> </tr> <tr> <td>Result from marketable security transactions</td> <td>286,045</td> <td>583,966</td> <td>414,399</td> </tr> <tr> <td>Result from derivative financial instruments</td> <td>93,548</td> <td>(80,020)</td> <td>(129,529)</td> </tr> <tr> <td>Result from foreign exchange transactions</td> <td>196,743</td> <td>153,820</td> <td>-</td> </tr> <tr> <td>Interest expenses</td> <td>(958,792)</td> <td>(925,155)</td> <td>(273,893)</td> </tr> <tr> <td>Open market funding</td> <td>(150,347)</td> <td>(290,853)</td> <td>(218,081)</td> </tr> <tr> <td>Loans and on-lending</td> <td>(769,565)</td> <td>(569,338)</td> <td>(17,578)</td> </tr> <tr> <td>Result from foreign exchange transactions</td> <td>-</td> <td>-</td> <td>(12,916)</td> </tr> <tr> <td>Allowance for loan credit losses</td> <td>(38,880)</td> <td>(64,964)</td> <td>(25,318)</td> </tr> <tr> <td>Gross income interest</td> <td>185,902</td> <td>331,484</td> <td>239,831</td> </tr> <tr> <td>Other operating income (expenses)</td> <td>(63,743)</td> <td>(106,321)</td> <td>(98,947)</td> </tr> <tr> <td>Revenue from services rendered</td> <td>28,845</td> <td>49,220</td> <td>39,553</td> </tr> <tr> <td>Expenses with personnel</td> <td>(41,171)</td> <td>(65,958)</td> <td>(63,976)</td> </tr> <tr> <td>Expenses with executive remuneration</td> <td>(8,187)</td> <td>(14,030)</td> <td>(6,935)</td> </tr> <tr> <td>Other administrative expenses</td> <td>(34,430)</td> <td>(57,869)</td> <td>(48,646)</td> </tr> <tr> <td>Tax expenses</td> <td>(10,739)</td> <td>(19,335)</td> <td>(15,311)</td> </tr> <tr> <td>Other operating income</td> <td>2,436</td> <td>3,325</td> <td>550</td> </tr> <tr> <td>Other operating expenses</td> <td>(497)</td> <td>(1,674)</td> <td>(4,182)</td> </tr> <tr> <td>Operating income/expenses</td> <td>122,159</td> <td>225,163</td> <td>140,884</td> </tr> <tr> <td>Non-operating income (loss)</td> <td>432</td> <td>442</td> <td>(1,058)</td> </tr> <tr> <td>Income before taxes and profit sharing</td> <td>122,591</td> <td>225,605</td> <td>139,826</td> </tr> <tr> <td>Income and social contribution taxes</td> <td>(30,351)</td> <td>(67,425)</td> <td>(23,372)</td> </tr> <tr> <td>Provision for income tax</td> <td>(18,845)</td> <td>(36,764)</td> <td>(14,265)</td> </tr> <tr> <td>Provision for social contribution tax</td> <td>(11,727)</td> <td>(22,375)</td> <td>(8,714)</td> </tr> <tr> <td>Deferred tax assets</td> <td>221</td> <td>(8,286)</td> <td>(393)</td> </tr> <tr> <td>Profit sharing</td> <td>(12,380)</td> <td>(29,317)</td> <td>(14,421)</td> </tr> <tr> <td>Net income for the six-month period/years</td> <td>79,860</td> <td>128,863</td> <td>102,033</td> </tr> <tr> <td>Earnings per thousand shares – R$</td> <td>174.67</td> <td>281.85</td> <td>239.93</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>Capital</td> <td>Capital increase</td> <td>Capital reserve</td> <td>Income reserve - Statutory</td> <td>Income reserve – Legal</td> <td>Equity pick-up</td> <td>Retained earnings (accumulated losses)</td> <td>Total</td> </tr> <tr> <td>Balances at December 31, 2009</td> <td>373,619</td> <td>38,343</td> <td>3,573</td> <td>66,388</td> <td>15,797</td> <td>-</td> <td>50,007</td> <td>547,727</td> </tr> <tr> <td>Capital increase approved in Special Shareholders’ Meeting (AGE) held on 12/30/2009</td> <td>38,343</td> <td>(38,343)</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> </tr> <tr> <td>Capital increase approved in Special Shareholders’ Meeting (AGE) held on 12/30/2010</td> <td>-</td> <td>31,222</td> <td>(3,288)</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>27,934</td> </tr> <tr> <td>Equity pick-up</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>8,133</td> <td>-</td> <td>8,133</td> </tr> <tr> <td>Other: Other</td> <td>-</td> <td>-</td> <td>(285)</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>(285)</td> </tr> <tr> <td>Net income for the year</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>102,033</td> <td>102,033</td> </tr> <tr> <td>Allocations: Legal reserve</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>5,102</td> <td>-</td> <td>(5,102)</td> <td>-</td> </tr> <tr> <td>Statutory reserve</td> <td>-</td> <td>-</td> <td>-</td> <td>114,075</td> <td>-</td> <td>-</td> <td>(114,075)</td> <td>-</td> </tr> <tr> <td>Interest on equity capital</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>(32,863)</td> <td>(32,863)</td> </tr> <tr> <td>Balances at December 31, 2010</td> <td>411,962</td> <td>31,222</td> <td>-</td> <td>180,463</td> <td>20,899</td> <td>8,133</td> <td>-</td> <td>652,679</td> </tr> <tr> <td>Capital increase approved in Special Shareholders’ Meeting (AGE) held on 12/30/2010</td> <td>31,222</td> <td>(31,222)</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> </tr> <tr> <td>Capital increase approved in Special Shareholders’ Meeting (AGE) held on 12/30/2011</td> <td>-</td> <td>33,287</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>33,287</td> </tr> <tr> <td>Equity pick-up</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>2,755</td> <td>-</td> <td>2,755</td> </tr> <tr> <td>Net income for the year</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>128,863</td> <td>128,863</td> </tr> <tr> <td>Allocations: Legal reserve</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>6,443</td> <td>-</td> <td>(6,443)</td> <td>-</td> </tr> <tr> <td>Statutory reserve</td> <td>-</td> <td>-</td> <td>-</td> <td>83,259</td> <td>-</td> <td>-</td> <td>(83,259)</td> <td>-</td> </tr> <tr> <td>Interest on equity capital</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>(39,161)</td> <td>(39,161)</td> </tr> <tr> <td>Balances at December 31, 2011</td> <td>443,184</td> <td>33,287</td> <td>-</td> <td>263,722</td> <td>27,342</td> <td>10,888</td> <td>-</td> <td>778,423</td> </tr> <tr> <td>Balances at June 30, 2011</td> <td>443,184</td> <td>-</td> <td>-</td> <td>180,463</td> <td>23,349</td> <td>8,118</td> <td>46,553</td> <td>701,667</td> </tr> <tr> <td>Capital increase approved in Special Shareholders’ Meeting (AGE) held on 12/30/2011</td> <td>-</td> <td>33,287</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>33,287</td> </tr> <tr> <td>Equity pick-up</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>2,770</td> <td>-</td> <td>2,770</td> </tr> <tr> <td>Net income for the six-month period</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>79,860</td> <td>79,860</td> </tr> <tr> <td>Allocations: Legal reserve</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>3,993</td> <td>-</td> <td>(3,993)</td> <td>-</td> </tr> <tr> <td>Statutory reserve</td> <td>-</td> <td>-</td> <td>-</td> <td>83,259</td> <td>-</td> <td>-</td> <td>(83,259)</td> <td>-</td> </tr> <tr> <td>Interest on equity capital</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>(39,161)</td> <td>(39,161)</td> </tr> <tr> <td>Balances at December 31, 2011</td> <td>443,184</td> <td>33,287</td> <td>-</td> <td>263,722</td> <td>27,342</td> <td>10,888</td> <td>-</td> <td>778,423</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td>2011</td> <td></td> <td>2010</td> </tr> <tr> <td></td> <td>half-year nd 2</td> <td colspan="2">Year Year</td> </tr> <tr> <td>Cash flow from operating activities:</td> <td></td> <td colspan="2"></td> </tr> <tr> <td>Net income</td> <td>79,860</td> <td colspan="2">128,863 102,033</td> </tr> <tr> <td>Adjustment to net income:</td> <td></td> <td colspan="2"></td> </tr> <tr> <td>Adjustments to market value</td> <td>2,770</td> <td colspan="2">2,755 8,133</td> </tr> <tr> <td>Depreciation</td> <td>1,076</td> <td colspan="2">2,176 2,155</td> </tr> <tr> <td>Amortization</td> <td>1,040</td> <td colspan="2">1,740 1,085</td> </tr> <tr> <td>Allowance for loan losses</td> <td>38,880</td> <td colspan="2">64,964 25,318</td> </tr> <tr> <td>Provisions for impairment of non-financial assets</td> <td>(2,540)</td> <td colspan="2">(2,540) 1,000</td> </tr> <tr> <td>Provisions (reversals) for tax, civil and labor claims</td> <td>2,158</td> <td colspan="2">2,167 (36,892)</td> </tr> <tr> <td>Other</td> <td>-</td> <td colspan="2">- (285)</td> </tr> <tr> <td>Net income after adjustments</td> <td>123,244</td> <td colspan="2">200,125 102,547</td> </tr> <tr> <td>(Increase) decrease in marketable securities and derivative financial instruments</td> <td>1,052,421</td> <td colspan="2">15,250 (220,075)</td> </tr> <tr> <td>(Increase) in interbank accounts</td> <td>(420)</td> <td colspan="2">(407) (1,057)</td> </tr> <tr> <td>(Decrease) in interdepartmental accounts</td> <td>(2,471)</td> <td colspan="2">(24,718) (28,166)</td> </tr> <tr> <td>(Increase) in loans</td> <td>(1,263,609)</td> <td colspan="2">(1,373,504) (399,316)</td> </tr> <tr> <td>(Increase) in other receivables</td> <td>(304,949)</td> <td colspan="2">(936,706) (502,252)</td> </tr> <tr> <td>(Increase) in other receivables and assets</td> <td>(1,160)</td> <td colspan="2">(1,160) -</td> </tr> <tr> <td>(Increase) decrease in prepaid expenses</td> <td>(99)</td> <td colspan="2">21 11</td> </tr> <tr> <td>Increase in other liabilities</td> <td>82,019</td> <td colspan="2">773,082 336,195</td> </tr> <tr> <td></td> <td>(438,268)</td> <td colspan="2">(1,548,142) (814,660)</td> </tr> <tr> <td>Net cash used in operating activities</td> <td>(315,024)</td> <td colspan="2">(1,348,017) (712,113)</td> </tr> <tr> <td>Cash flow from investing activities:</td> <td></td> <td colspan="2"></td> </tr> <tr> <td>Disposal of property and equipment in use</td> <td>89</td> <td colspan="2">92 85</td> </tr> <tr> <td>Disposal of investments</td> <td>-</td> <td colspan="2">- 559</td> </tr> <tr> <td>Acquisition of property and equipment in use</td> <td>(6,321)</td> <td colspan="2">(7,846) (1,401)</td> </tr> <tr> <td>Acquisition of intangible assets</td> <td>(2,742)</td> <td colspan="2">(4,239) (5,188)</td> </tr> <tr> <td>Net cash used in investing activities</td> <td>(8,974)</td> <td colspan="2">(11,993) (5,945)</td> </tr> <tr> <td>Cash flows from financing activities:</td> <td></td> <td colspan="2"></td> </tr> <tr> <td>Increase (decrease) in deposits</td> <td>61,188</td> <td colspan="2">(3,857) 31,541</td> </tr> <tr> <td>Increase (decrease) in open market funding</td> <td>(397,223)</td> <td colspan="2">(465,679) 41,234</td> </tr> <tr> <td>Increase in funds from issue of securities</td> <td>228,582</td> <td colspan="2">581,003 309,437</td> </tr> <tr> <td>Increase in borrowings and on-lending</td> <td>1,121,597</td> <td colspan="2">1,775,922 463,762</td> </tr> <tr> <td>Capital increase</td> <td>33,287</td> <td colspan="2">33,287 27,934</td> </tr> <tr> <td>Interest on equity capital</td> <td>(39,161)</td> <td colspan="2">(39,161) (32,863)</td> </tr> <tr> <td>Cash flow from financing activities</td> <td>1,008,270</td> <td colspan="2">1,881,515 841,045</td> </tr> <tr> <td>Increase in cash and cash equivalents</td> <td>684,272</td> <td colspan="2">521,505 122,987</td> </tr> <tr> <td>Cash and cash equivalents</td> <td></td> <td colspan="2"></td> </tr> <tr> <td>At the beginning of the six-month period/years</td> <td>1,840,528</td> <td colspan="2">2,003,295 1,880,308</td> </tr> <tr> <td>At the end of the six-month period/years</td> <td>2,524,800</td> <td colspan="2">2,524,800 2,003,295</td> </tr> <tr> <td>Increase in cash and cash equivalents</td> <td>684,272</td> <td colspan="2">521,505 122,987</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="2">2011</td> <td colspan="2">2010</td> </tr> <tr> <td>Description</td> <td>Book value</td> <td>Market value</td> <td>Book value</td> <td>Market value</td> </tr> <tr> <td>Federal Government Bonds – National Treasury</td> <td>595,567</td> <td>595,567</td> <td>1,132,973</td> <td>1,132,973</td> </tr> <tr> <td>PãodeAçúcar – Credit Right Investment Fund (FIDC)</td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Tribanco-Martins – Credit Right Investment Fund</td> <td>1,235,902</td> <td>1,235,902</td> <td>1,096,130</td> <td>1,096,130</td> </tr> <tr> <td>Minerva – Credit Right Investment Fund</td> <td>146,792 57,071</td> <td>146,792 57,071</td> <td>90,039 49,841</td> <td>90,039 49,841</td> </tr> <tr> <td>Nutriplant – Credit Right Investment Fund</td> <td>-</td> <td>-</td> <td>4,230</td> <td>4,230</td> </tr> <tr> <td>Equity shares</td> <td>14,956</td> <td>14,956</td> <td>13,639</td> <td>13,639</td> </tr> <tr> <td>Debentures</td> <td>192,954</td> <td>192,954</td> <td>89,493</td> <td>89,493</td> </tr> <tr> <td>Rural Product Bill</td> <td>-</td> <td>-</td> <td>1,638</td> <td>1,638</td> </tr> <tr> <td>Subtotal – own portfolio</td> <td>2,243,242</td> <td>2,243,242</td> <td>2,477,983</td> <td>2,477,983</td> </tr> <tr> <td>Federal Government Bonds – National Treasury</td> <td>54,082</td> <td>54,082</td> <td>26,305</td> <td>26,305</td> </tr> <tr> <td>Subtotal subject to repurchase agreements</td> <td>54,082</td> <td>54,082</td> <td>26,305</td> <td>26,305</td> </tr> <tr> <td>Federal Government Bonds – National Treasury</td> <td>249,914</td> <td>249,914</td> <td>126,056</td> <td>126,056</td> </tr> <tr> <td>Subtotal subject to guarantees given</td> <td>249,914</td> <td>249,914</td> <td>126,056</td> <td>126,056</td> </tr> <tr> <td></td> <td>2,547,238</td> <td>2,547,238</td> <td>2,630,344</td> <td>2,630,344</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td colspan="7">2011</td> </tr> <tr> <td colspan="7">Book value by maturity</td> </tr> <tr> <td></td> <td>Restated</td> <td>Market</td> <td>Book</td> <td>Up to</td> <td>From 91 to</td> <td>Over</td> </tr> <tr> <td>Category</td> <td>cost</td> <td>value</td> <td>value</td> <td>90 days</td> <td>365 days</td> <td>365 days</td> </tr> <tr> <td>FIDC</td> <td>1,439,765</td> <td>1,439,765</td> <td>1,439,765</td> <td>-</td> <td>1,292,973</td> <td>146,792</td> </tr> <tr> <td>Equity shares</td> <td>84</td> <td>14,956</td> <td>14,956</td> <td>14,956</td> <td>-</td> <td>-</td> </tr> <tr> <td>Debentures</td> <td>193,002</td> <td>192,954</td> <td>192,954</td> <td>-</td> <td>-</td> <td>192,954</td> </tr> <tr> <td>National Treasury Bill</td> <td>773,106</td> <td>776,443</td> <td>776,443</td> <td></td> <td></td> <td></td> </tr> <tr> <td>(LTN)</td> <td></td> <td></td> <td></td> <td>-</td> <td>399,812</td> <td>376,631</td> </tr> <tr> <td>National Treasury Note</td> <td>101,497</td> <td>101,483</td> <td>101,483</td> <td></td> <td></td> <td></td> </tr> <tr> <td>- F</td> <td></td> <td></td> <td></td> <td>101,483</td> <td>-</td> <td>-</td> </tr> <tr> <td>Trading</td> <td>2,507,454</td> <td>2,525,601</td> <td>2,525,601</td> <td>116,439</td> <td>1,692,785</td> <td>716,377</td> </tr> <tr> <td>National Treasury Note</td> <td>21,102</td> <td>21,637</td> <td>21,637</td> <td>21,637</td> <td></td> <td></td> </tr> <tr> <td>- B</td> <td></td> <td></td> <td></td> <td></td> <td>-</td> <td>-</td> </tr> <tr> <td>trading</td> <td>21,102</td> <td>21,637</td> <td>21,637</td> <td>21,637</td> <td>-</td> <td>-</td> </tr> <tr> <td></td> <td>2,528,556</td> <td>2,547,238</td> <td>2,547,238</td> <td>138,076</td> <td>1,692,785</td> <td>716,377</td> </tr> <tr> <td>2010</td> <td>2,617,108</td> <td>2,630,344</td> <td>2,630,344</td> <td>1,298,973</td> <td>91,677</td> <td>1,239,694</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Manager Funds</td> <td>Credit right origin</td> </tr> <tr> <td>Concórdia S.A. Corretora de Valores Mobiliários, Câmbio e Commodities</td> <td></td> </tr> <tr> <td>Pão de Açúcar – Credit Right Investment Fund</td> <td>“Pão de Companies Açúcar”</td> </tr> <tr> <td>Tribanco-Martins – Credit Right Investment Fund</td> <td>“Martins” Company</td> </tr> <tr> <td>Oliveira Trust Distribuidora de Títulos e Valores Mobiliários S.A.</td> <td></td> </tr> <tr> <td>Minerva – Credit Right Investment Fund – Mercantile Credit</td> <td>“Minerva” Company</td> </tr> <tr> <td>Nutriplant – Agricultural Industry Credit Right Investment Fund</td> <td>“Nutriplant” Company</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td>Derivative financial instruments – Assets</td> <td>2011</td> <td>2010</td> </tr> <tr> <td>Swap - difference receivable</td> <td>2,169</td> <td>7,405</td> </tr> <tr> <td>Options - premiums paid</td> <td>16,092</td> <td>1,331</td> </tr> <tr> <td>NDF - difference receivable</td> <td>64,430</td> <td>15,612</td> </tr> <tr> <td></td> <td>82,691</td> <td>24,348</td> </tr> <tr> <td>Derivative financial instruments – Liabilities</td> <td></td> <td></td> </tr> <tr> <td>Swap - difference payable</td> <td>(19,068)</td> <td>(1,540)</td> </tr> <tr> <td>Options - premiums received</td> <td>(10,290)</td> <td>(82)</td> </tr> <tr> <td>NDF - difference payable</td> <td>(49,223)</td> <td>(86,472)</td> </tr> <tr> <td></td> <td>(78,581)</td> <td>(88,094)</td> </tr> </tbody> </table>

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<table border="1" cellpadding="4" cellspacing="0" style="border-collapse: collapse;"> <tbody> <tr> <td></td> <td colspan="3">2011</td> <td></td> <td>2010</td> </tr> <tr> <td></td> <td></td> <td></td> <td colspan="2">Market value</td> <td></td> </tr> <tr> <td></td> <td>Reference value</td> <td>Assets</td> <td>Liabilities</td> <td>Net position</td> <td>Net position</td> </tr> <tr> <td>I) Index:</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>CDI vs. Dollar</td> <td>304,991</td> <td>326,286</td> <td>(342,368)</td> <td>(16,082)</td> <td>6,102</td> </tr> <tr> <td>CDI vs. Index</td> <td>125,000</td> <td>132,385</td> <td>(134,147)</td> <td>(1,762)</td> <td>-</td> </tr> <tr> <td>Dollar vs. Pre</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>(445)</td> </tr> <tr> <td>Dollar vs. Other</td> <td>158,597</td> <td>178,511</td> <td>(176,862)</td> <td>1,649</td> <td>1,293</td> </tr> <tr> <td>Other vs. Dollar</td> <td>158,596</td> <td>176,862</td> <td>(177,566)</td> <td>(704)</td> <td>(1,085)</td> </tr> <tr> <td></td> <td>747,184</td> <td>814,044</td> <td>(830,943)</td> <td>(16,899)</td> <td>5,865</td> </tr> <tr> <td>II) Trading place:</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>OTC</td> <td>747,184</td> <td>814,044</td> <td>(830,943)</td> <td>(16,899)</td> <td>5,865</td> </tr> <tr> <td></td> <td>747,184</td> <td>814,044</td> <td>(830,943)</td> <td>(16,899)</td> <td>5,865</td> </tr> <tr> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>III) Maturity:</td> <td></td> <td></td> <td></td> <td></td> <td></td> </tr> <tr> <td>Within 90 days</td> <td>199,803</td> <td>213,048</td> <td>(219,094)</td> <td>(6,046)</td> <td>4,362</td> </tr> <tr> <td>From 91 to 365 days</td> <td>190,208</td> <td>215,825</td> <td>(217,812)</td> <td>(1,987)</td> <td>1,460</td> </tr> <tr> <td>Over 365 days</td> <td>357,173</td> <td>385,171</td> <td>(394,037)</td> <td>(8,866)</td> <td>43</td> </tr> <tr> <td></td> <td>747,184</td> <td>814,044</td> <td>(830,943)</td> <td>(16,899)</td> <td>5,865</td> </tr> </tbody> </table>

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