Bank Of The Ozarks, Inc. Announces Second Quarter 2012 Earnings

Excluding covered loans, nonperforming loans and leases as a percent of total loans and leases improved to 0.50% as of June 30, 2012 compared to 1.09% as of June 30, 2011 and 0.61% as of March 31, 2012.

Excluding covered loans and foreclosed assets covered by loss share, nonperforming assets as a percent of total assets improved to 0.63% as of June 30, 2012 compared to 1.39% as of June 30, 2011 and 0.77% as of March 31, 2012.

Excluding covered loans, the Company’s ratio of loans and leases past due 30 days or more, including past due non-accrual loans and leases, to total loans and leases improved to 0.75% as of June 30, 2012 compared to 2.47% as of June 30, 2011 and 0.86% as of March 31, 2012.

The Company’s net charge-offs for the second quarter of 2012 decreased to $2.8 million compared to $3.9 million for the second quarter of 2011 and $3.6 million for the first quarter of 2012. The Company’s net charge-offs for the second quarter of 2012 included $0.8 million for non-covered loans and leases and $2.0 million for covered loans. The Company’s net charge-offs for the second quarter of 2011 included $3.9 million for non-covered loans and leases and none for covered loans. The Company’s net charge-offs for the first quarter of 2012 included $2.1 million for non-covered loans and leases and $1.5 million for covered loans. Net charge-offs for covered loans are reported net of applicable FDIC loss share receivable amounts.

The Company’s annualized net charge-off ratio for its non-covered loans and leases improved to 0.18% for the second quarter of 2012 compared to 0.85% for the second quarter of 2011 and 0.44% for the first quarter of 2012. The Company’s annualized net charge-off ratio for all loans and leases, including covered loans, improved to 0.43% for the second quarter of 2012 compared to 0.59% for the second quarter of 2011 and 0.55% for the first quarter of 2012.

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