Exhibit 99.1

FOR IMMEDIATE RELEASE

Contacts:		Martha Fleming, Steve Brolly Fidelity Southern Corporation (404) 240-1504

FIDELITY SOUTHERN CORPORATION
REPORTS FOURTH QUARTER NET INCOME; LOSS FOR YEAR;
DECREASED NONPERFORMING ASSETS, INCREASED CAPITAL RATIOS
AND LIQUIDITY LEVELS

     ATLANTA, GA (January 21, 2010) — Fidelity Southern Corporation (“Fidelity” or “the Company”) (NASDAQ:LION), holding company for Fidelity Bank (the “Bank”), reported net income of $1.9 million for the fourth quarter of 2009 compared to a net loss of $7.6 million for the fourth quarter of 2008 and a net income of $398,000 for the third quarter of 2009. For the year ended December 31, 2009, the net loss was $3.9 million compared to a net loss of $12.2 million for the year ended December 31, 2008. Basic and diluted income per share for the fourth quarter of 2009 were each $.11 compared to a loss per share of $.78 for the fourth quarter of 2008 and a loss per share of $.04 for the third quarter in 2009. Basic and diluted loss per share for the year ended December 31, 2009, were $.71 compared to a loss per share of $1.27 for 2008.

		For the quarter ended
(dollars in thousands)		12/31/2008				3/31/2009				6/30/2009				9/30/2009				12/31/2009
Net (Loss) Income		$	(7,569	)		$	(3,376	)		$	(2,805	)		$	398			$	1,928
Taxes			(5,101	)			(2,434	)			(2,095	)			(346	)			920
Provision			14,700				9,600				7,200				4,500				7,500
Pre-Tax, Pre-Provision Earnings			2,030				3,790				2,300				4,552				10,348
Less Security Gains			—				—				—				(519	)			(4,789	)
Core Operating Earnings		$	2,030			$	3,790			$	2,300			$	4,033			$	5,559

     We show core operating earnings which remove taxes, provisions, and security gains because we believe that helps show a view of more normalized net revenues. The measure allows better comparability with prior periods, as well as with peers in the industry who also provide a similar presentation.

     Chairman James B. Miller, Jr. said, “We believe the recession which began in 2007 will continue through 2010 with a slow improvement going forward. Despite this environment, Palmer Proctor and our team have worked to reposition our Company. We believe interest rates are subject to increase this year. Because of this interest rate risk, we have begun repositioning our investment portfolio resulting in substantial gains in addition to improving core earnings.

Fidelity Southern Corporation
Fourth Quarter Earnings Release
January 21, 2010

Our real estate capital exposure continued its rapid decline to 77% at year-end 2009 from 124% at year-end 2008 for construction and to 144% from 172% for all real estate subject to the 100% and 300% regulations, while we are one of the few banks continuing to lend for home construction. The most dramatic change was that mortgage loans originated for single family homes increased to $872 million in 2009 from $20 million in 2008. Transaction deposit accounts (including savings) increased a very substantial 56% in 2009 reflecting the continuing movement of deposits from other area banks. These results are in part because employment following receipt of TARP has increased to 500 year-end 2009 from 373 at year-end 2008 giving us additional reach and strength in all lending areas and in deposit generation. This repositioning, margin improvements, and other significant changes are explained in some detail in this report.”

CAPITAL

     Fidelity reported a total risk based capital ratio for the Bank of 13.44% at December 31, 2009, compared to 12.92% at December 31, 2008. The Leverage Capital ratio at the Bank was 9.24% at December 31, 2009, compared to 9.97% at December 31, 2008. Both ratios exceeded required regulatory minimums for well-capitalized institutions. At December 31, 2009, the total risk based capital ratio increased 25 basis points from September 30, 2009, and the leverage ratio increased 19 basis points from September 30, 2009.

LIQUIDITY

     The Company’s net liquid asset ratio, defined as federal funds sold, investments maturing within 30 days, unpledged securities, available unsecured federal funds lines of credit, FHLB borrowing capacity and available brokered certificates of deposit divided by total assets increased from 13.1% at December 31, 2008, to 18.8% at December 31, 2009.

DEPOSITS

     Total deposits were $1.551 billion at December 31, 2009, compared to $1.444 billion at December 31, 2008. The designed change to the deposit mix and reduction in the interest rate paid on deposit accounts during the period demonstrates the Company’s commitment to improved net interest margin and liquidity.

		December 31,								September 30,								December 31,
		2009								2009								2008
($ in thousands)		$				%				$				%				$				%
Pure deposits		$	850.6				54.9	%		$	822.3				51.2	%		$	546.8				37.9	%
Core deposits		$	1,194.3				77.0	%		$	1,203.8				74.9	%		$	936.4				64.9	%
Time Deposits > $100,000		$	257.4				16.6	%		$	294.7				18.3	%		$	317.5				22.0	%
Brokered deposits		$	99.0				6.4	%		$	109.0				6.8	%		$	189.8				13.1	%
Total deposits		$	1,550.7				100.0	%		$	1,607.5				100.0	%		$	1,443.7				100.0	%
Quarterly rate on deposits		2.01%								2.37%								3.15%

Fidelity Southern Corporation
Fourth Quarter Earnings Release
January 21, 2010

     Pure deposits are all transactional and savings deposits (excludes all time deposits) and Core deposits are transactional, savings, and time deposits under $100,000. The Bank has aggressively marketed its non-certificate of deposit products in 2009. As a result, demand, money market and savings accounts increased $303.8 million or 56% compared to December 31, 2008.

ALLOWANCE AND PROVISION

     The provision for loan losses for the fourth quarter of 2009 was $7.5 million compared to $14.7 million for the same period in 2008. In 2008, management increased reserves more than the net charge-offs as the credit crisis was growing. By the fourth quarter of 2009, non-performing assets continued to decrease from the 2008 levels.

(dollars in millions)		12/31/2008				3/31/2009				6/30/2009				9/30/2009				12/31/2009
Non-performing assets		$	115.2			$	123.5			$	118.1			$	106.3			$	92.9

     Net charge-offs for the fourth quarter of 2008 were $7.0 million. In the fourth quarter of 2009 charge-offs were $13.0 million which reflected charge-offs of specific reserves previously provided for certain construction loans. The provision for loan losses for the year ended December 31, 2009, was $28.8 million compared to $36.6 million for 2008. For the year ended December 31, 2009, net charge-offs were $32.4 million compared to $19.4 million for 2008. The ratio of net charge-offs to average loans outstanding was 2.44% for the year ended December 31, 2009, compared to 1.36% for 2008. Fidelity reported an allowance for loan losses of $30.1 million or 2.33% of total loans at December 31, 2009, compared to $33.7 million or 2.43% of total loans at December 31, 2008, as a result of a decrease in loan outstandings and improving nonaccrual and nonperforming trends in the indirect portfolio. During the recession of the past two years, the Bank has charged off a total of $51.8 million in loans while at the same time providing a substantial $65.4 million, or 126% of charge-offs, in provision for loan losses.

NONPERFORMING ASSETS

     Nonperforming loans, repossessions and other real estate (“ORE”) totaled $92.9 million at the end of the fourth quarter of 2009, a decrease of $13.4 million from September 30, 2009, and a decrease of $22.3 million from December 31, 2008.

     Nonperforming residential construction and development loans at December 31, 2009, included 150 houses and 538 lots and land totaling approximately $56.0 million. During the fourth quarter, approximately $5.5 million of nonperforming construction loans were paid down by our customers while approximately $4.3 million in construction loans were moved to nonperforming.

     During the fourth quarter, $4.5 million of ORE assets were sold while $5.0 million were added to ORE. ORE consists of 39 houses, representing 28% of the total ORE balance, 282 lots and four commercial properties. ORE remained relatively unchanged at $21.8 million at December 31, 2009, compared to $21.2 million at September 30, 2009. It was $15.1 million at December 31, 2008.

Fidelity Southern Corporation
Fourth Quarter Earnings Release
January 21, 2010

REAL ESTATE

     New residential construction loan advances made during the quarter totaled $5.1 million, while the payoffs of construction loans totaled $24.0 million. Residential construction and A&D loans totaled $156.7 million at December 31, 2009, which was down 12.6% from $179.2 million at September 30, 2009. There were 375 houses and 1,617 lots financed at December 31, 2009, compared to 523 houses and 1,939 lots at December 31, 2008.

     Total residential and commercial construction and land loans decreased to $154.8 million or 12.0% of loans from $187.2 million or 14.2% of loans at September 30, 2009, and $245.2 million or 17.7% of loans at December 31, 2008, and as a percentage of capital decreased from 94% at September 30, 2009, to 77% at December 31, 2009. The regulatory guideline is a maximum of 100%.

     All real estate loans, excluding owner-occupied properties, as a percentage of capital decreased to 144% at December 31, 2009, from 147% at September 30, 2009. The regulatory guideline is a maximum of 300%.

Fidelity Southern Corporation
Fourth Quarter Earnings Release
January 21, 2010

NET INTEREST INCOME

     Net interest income for the fourth quarter increased $4.0 million or 37.7% when compared to the same period in 2008, and increased $928,000 or 6.7% compared to third quarter of 2009. Net interest margin increased 69 basis points to 3.31% in the fourth quarter of 2009 compared to 2.62% in the fourth quarter of 2008 and 3.10% in the third quarter of 2009. In addition, average total interest earning assets increased $136.9 million or 8.3% for the quarter, ended December 31, 2009, compared to the same quarter in 2008. Net interest income for the year ended December 31, 2009, increased $5.2 million or 11.1% over the same period in 2008. The net interest margin increased 11 basis points to 2.95% for the year ended December 31, 2009, compared to 2.84% for the same period in 2008. The increase in net interest income for the quarter and year to date is a result of a greater reduction in the cost of funds than the decrease in the yield on earning assets and the increase in earning assets.

INTEREST INCOME

     Total interest income for the fourth quarter of 2009 increased $140,000 or .6% compared to the same period in 2008. The decrease of 45 basis points in the yield on average interest-earning assets was more than offset by growth in average interest-earning assets for the fourth quarter 2009, which increased $136.9 million or 8.3%. Total interest income for the year ended December 31, 2009, decreased $6.5 million or 6.2% compared to the same period in 2008. The decrease in interest income in 2009 was the result of a decrease of 77 basis points in the yield on average interest-earning assets offset in part by the growth in average interest-earning assets in 2009, which increased $110.9 million or 6.7%. The decrease in yield was primarily the result of the lower prime lending rate in 2009 compared to 2008.

Fidelity Southern Corporation
Fourth Quarter Earnings Release
January 21, 2010

INTEREST EXPENSE

     Interest expense for the fourth quarter of 2009 decreased $3.9 million or 28.5% compared to the same period in 2008. The decrease in interest expense was attributable to a 117 basis point decrease in the cost of interest-bearing liabilities somewhat offset by an increase in average interest-bearing liabilities of $79.1 million or 5.3%. For the year ended December 31, 2009, interest expense decreased $11.6 million or 20.2% compared to the same period in 2008. The decrease in interest expense was attributable to a 92 basis point decrease in the cost of interest-bearing liabilities somewhat offset by an increase in average interest-bearing liabilities of $71.6 million or 4.8%. In addition to the general decrease in general deposit rates, the Bank’s shift in deposit mix toward core demand and savings accounts contributed to the reduction in the cost of funds. During 2009, high cost time deposits matured and the replacement cost was significantly lower. In addition, with the additional retail deposits and increasing liquidity during 2009 compared to 2008, management was able to reduce high cost brokered deposits by $91 million or 48%. The reduction in brokered deposits is expected to continue in 2010.

NONINTEREST INCOME

     Noninterest income increased $8.4 million and $16.3 million or 225.7% and 92.7% to $12.2 million and $34.0 million for the fourth quarter and year ended December 31, 2009, respectively, compared to the same periods in 2008. This increase in noninterest income was a result of higher mortgage banking activities due to the expansion of the mortgage division in 2009 and higher investment securities gains. Revenue from mortgage banking activities increased to $3.6 million and $15.0 million for the fourth quarter and year ended December 31, 2009, respectively, compared to $95,000 and $340,000 for the same periods in 2008. Mortgage production increased from $20 million in 2008 to $872 million in 2009. Securities gains increased to $4.8 million and $5.3 million for the fourth quarter and year ended December 31, 2009, respectively. The gains are a result of the Bank repositioning the investment portfolio as part of the interest rate, cash flow, and capital risk rating strategies. The increase for the year ended December 31, 2009, was partially offset by lower Indirect lending income, which decreased $998,000 or 19.1% to $4.2 million and lower other income. Indirect lending revenues were hindered by the lack of liquidity in the financial markets resulting in fewer sales which resulted in lower gains on sales. Secondary markets in the last several months, however, have begun to show increased buyer interest and better premiums.

NONINTEREST EXPENSE

     Noninterest expense for the fourth quarter increased $4.2 million or 33.5% to $16.6 million compared to the same period in 2008. The increase is a result of higher salaries and employee benefits of $2.3 million or 37.3% to $8.3 million as the Bank increased the number of employees as a result of the expansion of the mortgage division and an increase in lenders in the SBA, Commercial, Private Banking and Indirect Auto Lending divisions. Additionally, the increase was due to higher other operating expense, which increased $827,000 or 33.8% to $3.3 million due primarily to higher foreclosure expense. Noninterest expense for the year ended December 31, 2009, increased $15.7 million or 32.2% to $64.6 million compared to 2008. The increase is a result of higher salaries and employee benefits due to an increase in headcount which increased $7.4 million or 28.8% to $33.3 million, and higher operating expenses, which

Fidelity Southern Corporation
Fourth Quarter Earnings Release
January 21, 2010

increased $4.1 million or 52.9% to $11.9 million due primarily to higher ORE related expenses and foreclosure expenses. FDIC insurance premiums increased $2.6 million or 257.7% compared to 2008 as a result of the FDIC special assessment and deposit growth. Also, during 2008 the Company reversed a Visa litigation accrual of $415,000 which did not reoccur in 2009.

     Fidelity Southern Corporation, through its operating subsidiaries Fidelity Bank and LionMark Insurance Company, provides banking services and credit related insurance products through 23 branches in Atlanta, Georgia, a branch in Jacksonville, Florida, and an insurance office in Atlanta, Georgia. SBA and mortgage loans are provided through employees located throughout the Southeast. For additional information about Fidelity’s products and services, please visit the website at www.FidelitySouthern.com.

     This news release contains forward-looking statements, as defined by Federal Securities Laws, including statements about financial outlook and business environment. These statements are provided to assist in the understanding of future financial performance and such performance involves risks and uncertainties that may cause actual results to differ materially from those in such statements. Any such statements are based on current expectations and involve a number of risks and uncertainties. For a discussion of some factors that may cause such forward-looking statements to differ materially from actual results, please refer to the section entitled “Forward Looking Statements” on page 3 of Fidelity Southern Corporation’s 2008 Annual Report filed on Form 10-K with the Securities and Exchange Commission.

-end-

FIDELITY SOUTHERN CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)

		QUARTER ENDED								YEAR ENDED
		DECEMBER 31,								DECEMBER 31,
(DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA)		2009				2008				2009				2008
INTEREST INCOME
LOANS, INCLUDING FEES		$	21,797			$	22,468			$	86,909			$	96,398
INVESTMENT SECURITIES			2,615				1,835				10,511				7,441
FEDERAL FUNDS SOLD AND BANK DEPOSITS			57				26				163				215
TOTAL INTEREST INCOME			24,469				24,329				97,583				104,054
INTEREST EXPENSE
DEPOSITS			7,973				11,518				38,621				48,722
SHORT-TERM BORROWINGS			195				385				617				2,065
SUBORDINATED DEBT			1,123				1,307				4,650				5,284
OTHER LONG-TERM DEBT			449				419				2,121				1,565
TOTAL INTEREST EXPENSE			9,740				13,629				46,009				57,636
NET INTEREST INCOME			14,729				10,700				51,574				46,418
PROVISION FOR LOAN LOSSES			7,500				14,700				28,800				36,550
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES			7,229				(4,000	)			22,774				9,868
NONINTEREST INCOME
SERVICE CHARGES ON DEPOSIT ACCOUNTS			1,149				1,168				4,413				4,757
OTHER FEES AND CHARGES			519				470				2,005				1,944
MORTGAGE BANKING ACTIVITIES			3,623				95				14,961				340
INDIRECT LENDING ACTIVITIES			992				1,040				4,229				5,227
SBA LENDING ACTIVITIES			515				86				1,099				1,250
SECURITIES GAINS			4,789				—				5,308				1,306
BANK OWNED LIFE INSURANCE			332				374				1,280				1,278
OTHER OPERATING INCOME			271				510				683				1,534
TOTAL NONINTEREST INCOME			12,190				3,743				33,978				17,636
NONINTEREST EXPENSE
SALARIES AND EMPLOYEE BENEFITS			8,292				6,040				33,261				25,827
FURNITURE AND EQUIPMENT			666				672				2,721				2,949
NET OCCUPANCY			1,125				1,071				4,421				4,137
COMMUNICATION EXPENSES			422				401				1,617				1,654
PROFESSIONAL AND OTHER SERVICES			1,288				1,031				4,916				3,823
ADVERTISING AND PROMOTION			150				236				738				645
STATIONERY, PRINTING AND SUPPLIES			169				137				624				647
INSURANCE EXPENSES			276				79				688				344
FDIC INSURANCE EXPENSE			910				300				3,666				1,025
OTHER OPERATING EXPENSES			3,273				2,446				11,910				7,788
TOTAL NONINTEREST EXPENSE			16,571				12,413				64,562				48,839
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT)			2,848				(12,670	)			(7,810	)			(21,335	)
INCOME TAX EXPENSE (BENEFIT)			920				(5,101	)			(3,955	)			(9,099	)
NET INCOME (LOSS)			1,928				(7,569	)			(3,855	)			(12,236	)
PREFERRED STOCK DIVIDENDS			(824	)			(106	)			(3,293	)			(106	)
NET INCOME (LOSS) AVAILABLE TO COMMON EQUITY		$	1,104			$	(7,675	)		$	(7,148	)		$	(12,342	)
EARNINGS (LOSS) PER SHARE:
BASIC EARNINGS (LOSS) PER SHARE		$	0.11			$	(0.78	)		$	(0.71	)		$	(1.27	)
DILUTED EARNINGS (LOSS) PER SHARE		$	0.11			$	(0.78	)		$	(0.71	)		$	(1.27	)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-BASIC			10,058,061				9,799,336				10,002,610				9,717,238
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-FULLY DILUTED			10,212,455				9,799,336				10,002,610				9,717,238

FIDELITY SOUTHERN CORPORATION
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)

(DOLLARS IN THOUSANDS)		DECEMBER 31,				DECEMBER 31,
		2009				2008
ASSETS
CASH AND DUE FROM BANKS		$	170,692			$	68,841
FEDERAL FUNDS SOLD			428				23,184
CASH AND CASH EQUIVALENTS			171,120				92,025
INVESTMENTS AVAILABLE-FOR-SALE			136,917				128,749
INVESTMENTS HELD-TO-MATURITY			19,326				24,793
INVESTMENT IN FHLB STOCK			6,767				5,282
LOANS HELD-FOR-SALE			131,231				55,840
LOANS			1,289,859				1,388,022
ALLOWANCE FOR LOAN LOSSES			(30,072	)			(33,691	)
LOANS, NET			1,259,787				1,354,331
PREMISES AND EQUIPMENT, NET			18,092				19,311
OTHER REAL ESTATE			21,780				15,063
ACCRUED INTEREST RECEIVABLE			7,832				8,092
BANK OWNED LIFE INSURANCE			29,058				27,868
OTHER ASSETS			49,610				31,759
TOTAL ASSETS		$	1,851,520			$	1,763,113
LIABILITIES
DEPOSITS:
NONINTEREST-BEARING DEMAND		$	157,511			$	138,634
INTEREST-BEARING DEMAND/ MONEY MARKET			252,493				208,723
SAVINGS			440,596				199,465
TIME DEPOSITS, $100,000 AND OVER			257,450				317,540
OTHER TIME DEPOSITS			442,675				579,320
TOTAL DEPOSIT LIABILITIES			1,550,725				1,443,682
SHORT-TERM BORROWINGS			41,870				55,017
SUBORDINATED DEBT			67,527				67,527
OTHER LONG-TERM DEBT			50,000				47,500
ACCRUED INTEREST PAYABLE			4,504				7,038
OTHER LIABILITIES			7,209				5,745
TOTAL LIABILITIES			1,721,835				1,626,509
SHAREHOLDERS’ EQUITY
PREFERRED STOCK			44,696				43,813
COMMON STOCK			53,314				51,886
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME			(64	)			1,333
RETAINED EARNINGS			31,739				39,572
TOTAL SHAREHOLDERS’ EQUITY			129,685				136,604
TOTAL LIABILITIES AND SHARE-HOLDERS’ EQUITY		$	1,851,520			$	1,763,113
BOOK VALUE PER SHARE		$	8.44			$	9.42
SHARES OF COMMON STOCK OUTSTANDING			10,064,502				9,854,572

FIDELITY SOUTHERN CORPORATION
LOANS, BY CATEGORY
(UNAUDITED)

		DECEMBER 31,
(DOLLARS IN THOUSANDS)		2009				2008				PERCENT CHANGE
COMMERCIAL, FINANCIAL AND AGRICULTURAL		$	113,604			$	137,988				(17.67	)%
TAX-EXEMPT COMMERCIAL			5,350				7,508				(28.74	)%
REAL ESTATE MORTGAGE — COMMERCIAL			287,354				202,516				41.89	%
TOTAL COMMERCIAL			406,308				348,012				16.75	%
REAL ESTATE-CONSTRUCTION			154,785				245,153				(36.86	)%
REAL ESTATE-MORTGAGE			130,984				115,527				13.38	%
CONSUMER INSTALLMENT			597,782				679,330				(12.00	)%
LOANS			1,289,859				1,388,022				(7.07	)%
LOANS HELD-FOR-SALE:
ORIGINATED RESIDENTIAL MORTGAGE LOANS			80,869				967				8,262.87	%
SBA LOANS			20,362				39,873				(48.93	)%
INDIRECT AUTO LOANS			30,000				15,000				100.00	%
TOTAL LOANS HELD-FOR-SALE			131,231				55,840				135.01	%
TOTAL LOANS		$	1,421,090			$	1,443,862

FIDELITY SOUTHERN CORPORATION
ANALYSIS OF THE ALLOWANCE FOR LOAN LOSSES
(UNAUDITED)

		YEAR ENDED
		DECEMBER 31,
(DOLLARS IN THOUSANDS)		2009				2008
BALANCE AT BEGINNING OF PERIOD		$	33,691			$	16,557
CHARGE-OFFS:
COMMERCIAL, FINANCIAL AND AGRICULTURAL			315				99
SBA			730				220
REAL ESTATE-CONSTRUCTION			20,217				9,083
REAL ESTATE-MORTGAGE			416				332
CONSUMER INSTALLMENT			11,622				10,841
TOTAL CHARGE-OFFS			33,300				20,575
RECOVERIES:
COMMERCIAL, FINANCIAL AND AGRICULTURAL			9				5
SBA			31				215
REAL ESTATE-CONSTRUCTION			76				43
REAL ESTATE-MORTGAGE			20				14
CONSUMER INSTALLMENT			745				882
TOTAL RECOVERIES			881				1,159
NET CHARGE-OFFS			32,419				19,416
PROVISION FOR LOAN LOSSES			28,800				36,550
BALANCE AT END OF PERIOD		$	30,072			$	33,691
RATIO OF NET CHARGE-OFFS DURING PERIOD TO AVERAGE LOANS OUTSTANDING, NET			2.44	%			1.36	%
ALLOWANCE FOR LOAN LOSSES AS A PERCENTAGE OF LOANS			2.33	%			2.43	%

NONPERFORMING ASSETS
(UNAUDITED)

		DECEMBER 31,								SEPTEMBER 30,
(DOLLARS IN THOUSANDS)		2009				2008				2009
NONACCRUAL LOANS		$	69,743			$	98,151			$	83,494
REPOSSESSIONS			1,393				2,016				1,562
OTHER REAL ESTATE			21,780				15,063				21,239
TOTAL NONPERFORMING ASSETS		$	92,916			$	115,230			$	106,295
LOANS PAST DUE 90 DAYS OR MORE AND STILL ACCRUING		$	—			$	—			$	—
RATIO OF LOANS PAST DUE 90 DAYS OR MORE AND STILL ACCRUING TO TOTAL LOANS			—	%			—	%			—	%
RATIO OF NONPERFORMING ASSETS TO TOTAL LOANS, OREO AND REPOSSESSIONS			6.43	%			7.89	%			7.27	%

FIDELITY SOUTHERN CORPORATION
AVERAGE BALANCE, INTEREST AND YIELDS
(UNAUDITED)

		YEAR ENDED
		December 31, 2009												December 31, 2008
		Average				Income/				Yield/				Average				Income/				Yield/
(dollars in thousands)		Balance				Expense				Rate				Balance				Expense				Rate
Assets
Interest-earning assets :
Loans, net of unearned income
Taxable		$	1,444,423			$	86,643				6.00	%		$	1,472,573			$	96,009				6.52	%
Tax-exempt (1)			6,817				395				5.93	%			8,493				581				6.97	%
Total loans			1,451,240				87,038				6.00	%			1,481,066				96,590				6.52	%
Investment securities
Taxable			227,731				9,901				4.35	%			139,391				6,867				4.93	%
Tax-exempt (2)			14,760				898				6.09	%			13,975				833				5.96	%
Total investment securities			242,491				10,799				4.47	%			153,366				7,700				5.05	%
Interest-bearing deposits			55,149				139				0.25	%			2,630				36				1.38	%
Federal funds sold			11,013				24				0.22	%			11,960				179				1.49	%
Total interest-earning assets			1,759,893				98,000				5.57	%			1,649,022				104,505				6.34	%
Cash and due from banks			25,900												22,239
Allowance for loan losses			(33,632	)											(22,610	)
Premises and equipment, net			18,725												19,537
Other real estate			21,527												12,624
Other assets			66,461												57,682
Total assets		$	1,858,874											$	1,738,494
Liabilities and shareholders’ equity
Interest-bearing liabilities :
Demand deposits		$	236,819			$	2,794				1.18	%		$	271,429			$	6,226				2.29	%
Savings deposits			333,865				6,963				2.09	%			209,301				6,043				2.89	%
Time deposits			829,229				28,864				3.48	%			836,049				36,453				4.36	%
Total interest-bearing deposits			1,399,913				38,621				2.76	%			1,316,779				48,722				3.70	%
Federal funds purchased			—				—				—				9,001				265				2.94	%
Securities sold under agreements to repurchase			29,237				390				1.33	%			34,924				921				2.64	%
Other short-term borrowings			6,407				227				3.54	%			25,393				879				3.46	%
Subordinated debt			67,527				4,650				6.89	%			67,527				5,284				7.83	%
Long-term debt			66,096				2,121				3.21	%			43,948				1,565				3.56	%
Total interest-bearing liabilities			1,569,180				46,009				2.93	%			1,497,572				57,636				3.85	%
Noninterest-bearing :
Demand deposits			142,656												128,706
Other liabilities			14,425												13,755
Shareholders’ equity			132,613												98,461
Total liabilities and shareholders’ equity		$	1,858,874											$	1,738,494
Net interest income / spread						$	51,991				2.64	%						$	46,869				2.49	%
Net interest margin											2.95	%											2.84	%

FIDELITY SOUTHERN CORPORATION
AVERAGE BALANCE, INTEREST AND YIELDS
(UNAUDITED)

		QUARTER ENDED
		December 31, 2009												December 31, 2008
		Average				Income/				Yield/				Average				Income/				Yield/
(dollars in thousands)		Balance				Expense				Rate				Balance				Expense				Rate
Assets
Interest-earning assets :
Loans, net of unearned income
Taxable		$	1,426,348			$	21,736				6.05	%		$	1,452,376			$	22,383				6.13	%
Tax-exempt (1)			5,897				90				6.26	%			7,631				128				6.73	%
Total loans			1,432,245				21,826				6.05	%			1,460,007				22,511				6.13	%
Investment securities
Taxable			237,112				2,491				4.20	%			142,913				1,679				4.70	%
Tax-exempt (2)			11,941				185				6.18	%			15,209				227				5.97	%
Total investment securities			249,053				2,676				4.31	%			158,122				1,906				4.85	%
Interest-bearing deposits			89,777				54				0.24	%			5,003				5				0.41	%
Federal funds sold			5,863				3				0.22	%			16,955				21				0.49	%
Total interest-earning assets			1,776,938				24,559				5.48	%			1,640,087				24,443				5.93	%
Cash and due from banks			24,384												22,239
Allowance for loan losses			(31,844	)											(27,105	)
Premises and equipment, net			18,285												19,752
Other real estate			21,245												16,933
Other assets			68,162												57,971
Total assets		$	1,877,170											$	1,729,877
Liabilities and shareholders’ equity
Interest-bearing liabilities :
Demand deposits		$	252,732			$	606				0.95	%		$	219,288			$	945				1.71	%
Savings deposits			426,124				1,783				1.66	%			199,964				1,338				2.66	%
Time deposits			733,904				5,584				3.02	%			905,505				9,235				4.06	%
Total interest-bearing deposits			1,412,760				7,973				2.24	%			1,324,757				11,518				3.46	%
Federal funds purchased			—				—				—				250				1				2.16	%
Securities sold under agreements to repurchase			15,188				18				0.46	%			43,716				296				2.69	%
Other short-term borrowings			17,989				177				3.91	%			10,098				88				3.46	%
Subordinated debt			67,527				1,123				6.60	%			67,527				1,307				7.70	%
Long-term debt			59,511				449				2.99	%			47,500				419				3.52	%
Total interest-bearing liabilities			1,572,975				9,740				2.46	%			1,493,848				13,629				3.63	%
Noninterest-bearing :
Demand deposits			158,581												127,220
Other liabilities			14,032												10,452
Shareholders’ equity			131,582												98,357
Total liabilities and shareholders’ equity		$	1,877,170											$	1,729,877
Net interest income / spread						$	14,819				3.02	%						$	10,814				2.30	%
Net interest margin											3.31	%											2.62	%