Exhibit 99.1

FOR IMMEDIATE RELEASE

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

FIDELITY SOUTHERN CORPORATION
EARNS NET INCOME OF $3.6 MILLION FOR SECOND QUARTER,
$5.5 MILLION YEAR TO DATE.

ATLANTA, GA (July 21, 2011) — Fidelity Southern Corporation (“Fidelity” or the “Company”) (NASDAQ:LION), holding company for Fidelity Bank (the “Bank”), reported net income of $3.6 million for the second quarter of 2011 compared to $1.8 million for the first quarter of 2011 and $4.9 million for the second quarter of 2010. After accounting for the TARP preferred dividend, basic and diluted earnings per share for the second quarter of 2011 were $.24 and $.21, respectively, compared to basic and diluted earnings per share of $.09 and $.08, respectively, in the first quarter of 2011, and basic and diluted earnings per share of $.38 and $.33, respectively, in the second quarter of 2010. Net income for the first six months of 2011 was $5.5 million compared to net income of $5.1 million for the same period in 2010. Basic and diluted earnings per share for the first six months of 2011 were $.34 and $.30, respectively, compared to basic and diluted earnings per share of $.32 and $.29, respectively, for 2010.

		For the quarter ended
		6/30/2011				3/31/2011				12/31/2010				9/30/2010				6/30/2010
		(In Thousands)
Net Income		$	3,614			$	1,842			$	2,988			$	2,081			$	4,869
Income Tax Expense			1,792				766				932				913				2,647
Provision For Loan Losses			4,850				5,775				6,975				5,025				1,150
Write-down of ORE			1,069				1,600				573				698				1,615
Other cost of ORE Operations			724				858				483				713				743
Pre-Tax, Pre-Credit Related Earnings			12,049				10,841				11,951				9,430				11,024
Less Security Gains			(1,078	)			—				—				—				(2,291	)
Core Operating Earnings (1)		$	10,971			$	10,841			$	11,951			$	9,430			$	8,733

Fidelity Southern Corporation
Second Quarter Earnings Release
July 21, 2011

For the second quarter of 2011, core operating earnings increased 26% over the second quarter of 2010.

James B. Miller, Jr. Chairman said, “We continue to improve our bottom line and are pleased with the consistent quality of our earnings stream. We have opened a new banking center in McDonough, Georgia to expand our footprint in the Atlanta metropolitan area. And we attracted $14 million of new investment capital to the Company in May to help us continue our growth strategies. Though the economy continues to cast long shadows, we believe we will show improvements in the second half of 2011.”

ASSET QUALITY

Net charge-offs were $4.7 million in the second quarter of 2011 compared to $4.2 million in the first quarter of 2011, and $3.5 million in the second quarter of 2010. Year to date, net charge-offs increased $813,000 for the first six months of 2011 to $8.9 million compared to $8.1 million for the same period in 2010. The ratio of net charge-offs to average loans outstanding was 1.25% for the six months ended June 30, 2011, compared to 1.26% for the same period in 2010. The allowance for loan losses increased $2.7 million to $29.8 million or 2.04% of total loans at June 30, 2011, compared to $27.1 million or 2.07% at June 30, 2010.

Nonperforming residential construction and development loans at June 30, 2011, included financing for 95 houses and 736 lots and land totaling $46.3 million. During the second quarter of 2011, $2.4 million of nonperforming construction loans were paid down by our customers.

During the second quarter of 2011, $4.2 million of ORE assets were sold while $7.9 million were added to ORE. ORE consists of 46 houses, representing 20.8% of the total ORE balance, 432 lots and eight commercial properties. ORE decreased $1.2 million to $21.0 million at June 30, 2011, compared to $22.2 million at June 30, 2010.

The provision for loan losses for the second quarter of 2011 was $4.9 million compared to $5.8 million in the first quarter of 2011 and $1.2 million for the second quarter of 2010. The provision for loan losses for the first six months of 2011 was $10.6 million compared to $5.1 million for the same period in 2010. The increase of $5.5 million for the comparable six month period is related to growth in the Bank’s loan portfolio, an increase in certain specific reserves, and higher net charge-offs.

CAPITAL

The Company raised $14.4 million in May 2011 in a private placement of common stock adding 2,167,166 shares to total shares outstanding. No investor purchasing shares resulted in a beneficial interest over 9.9% of the Company’s common stock. At June 30, 2011, the Company had a 10.47% leverage ratio, 12.78% in tier one capital to risk weighted assets, and 14.80% in total capital to risk weighted assets. At June 30, 2011, the Bank had a leverage ratio of 9.64%, a tier one ratio of 11.75%, and a total capital ratio 13.61%.

In addition, the Company’s Tangible Common Equity to Tangible Assets ratio improved from 4.73% at March 31, 2011 to 5.51% at June 30, 2011.

Fidelity Southern Corporation
Second Quarter Earnings Release
July 21, 2011

DEPOSITS

Total deposits of $1.708 billion at June 30, 2011, reflect the improvement in the deposit mix brought about by the Bank’s strategy to increase core deposits. Demand, money market and savings accounts increased $111.4 million or 11.8% at June 30, 2011, compared to June 30, 2010. In addition, as part of an ongoing strategy to position the Bank for future higher interest rates, we have increased the average maturity of certificates of deposit while decreasing the interest rate paid on deposit accounts over the last twelve months.

		June 30,								December 31,								June 30,
		2011								2010								2010
		$				%				$				%				$				%
		(Dollars in Millions)
Core deposits(1)		$	1,363.5				79.8	%		$	1,304.5				80.9	%		$	1,244.8				79.6	%
Time Deposits > $100,000			302.5				17.7				246.3				15.2				211.6				13.5
Brokered deposits			42.4				2.5				62.5				3.9				107.2				6.9
Total deposits		$	1,708.4				100.0	%		$	1,613.3				100.0	%		$	1,563.8				100.0	%
Quarterly rate on deposits			1.06%								1.19%								1.62%

REAL ESTATE

New residential construction loan advances made during the quarter totaled $7.9 million, while the payoffs of construction loans totaled $15.6 million. Residential construction and A&D loans totaled $101.7 million at June 30, 2011, which decreased 20% from $127 million at June 30, 2010. There were 320 houses and 1,237 lots financed at June 30, 2011, compared to 312 houses and 1,414 lots at June 30, 2010.

Total residential and commercial construction and land loans decreased to $114.3 million or 7.8% of loans at June 30, 2011, from $128.7 million or 9.8% of loans at June 30, 2010, and as a percentage of capital was 53% at June 30, 2011. The regulatory guideline is a maximum of 100%.

All real estate loans, excluding owner-occupied properties, as a percentage of capital, were 125% at June 30, 2011. The regulatory guideline is a maximum of 300%.

NET INTEREST MARGIN

Net interest margin decreased two basis points to 3.65% in the second quarter of 2011 compared to 3.67% in the second quarter of 2010. Net interest income for the second quarter of 2011 increased $804,000 or 5.0% when compared to the same period in 2010. Net interest margin increased 20 basis points to 3.74% in the first half of 2011 compared to 3.54% for the same period in 2010. Net interest income for the first six months of 2011 increased $3.4 million or 11.1% when compared to the same period in 2010. The increase in quarterly and year to date net interest income is a result of a greater reduction in the cost of funds than the decrease in the yield on earning assets.

Fidelity Southern Corporation
Second Quarter Earnings Release
July 21, 2011

INTEREST INCOME

Total interest income for the second quarter of 2011 decreased $1.3 million or 5.5% compared to the same period in 2010. Average interest-earning assets for the second quarter 2011 increased $96.7 million or 5.4%, but was more than offset by a 57 basis point decrease in the yield on average interest-earning assets due primarily to the Bank offering competitive rates in the marketplace. In addition, investment security yields decreased 37 basis points to 3.27% due to market rate decreases.

Year to date, total interest income decreased $1.1 million or 2.4% compared to the same period in 2010. Average interest-earning assets for the first half of 2011 increased $89.4 million or 5.1%, but was more than offset by the yield on average interest-earning assets which decreased 39 basis points. The decrease in yield was primarily the result of a decrease in the yield on loans of 55 basis points. In addition, investment security yields decreased 51 basis points to 3.31%. Somewhat offsetting this decrease in yield was a $15.6 million decrease in the average amount of our investment in low yielding interest bearing deposits.

INTEREST EXPENSE

Interest expense for the second quarter of 2011 decreased $2.2 million or 26.3% compared to the same period in 2010. The decrease in interest expense was attributable to a 60 basis point decrease in the cost of interest-bearing liabilities somewhat offset by an increase in average interest-bearing liabilities of $55.8 million or 3.6%. In addition to the general decrease in deposit rates, the Bank’s shift in deposit mix toward core demand and savings accounts contributed to the reduction in the cost of funds. Brokered deposits decreased $64.7 million compared to June 30, 2010. At June 30, 2011, brokered deposits represented only 2.5% of total deposits.

Year to date in 2011, interest expense decreased $4.5 million or 27.0% compared to the same period in 2010. The decrease in interest expense was attributable to a 64 basis point decrease in the cost of interest-bearing liabilities somewhat offset by an increase in average interest-bearing liabilities of $53.3 million.

NONINTEREST INCOME

Noninterest income increased $2.8 million or 25.3% to $14.1 million for the quarter ended June 30, 2011, compared to the same period in 2010. The increase in noninterest income was primarily the result of a $2.9 million or 391.0% increase in income from SBA lending activities and a $959,000 or 21.2% increase in income from mortgage banking activities. These increases were somewhat offset by a $1.2 million decrease in securities gains due to fewer sales. SBA income increased because of higher gains on sale related to a $37.2 million increase in loans sold to $43.6 million for the quarter ended June 30, 2011 compared to the same period in 2010. Mortgage banking income improved due to higher premiums on loans sold which resulted in an increase in gain on sale of $539,000 compared to the second quarter of 2010 as well as higher other fee income which increased $460,000 due to higher servicing fee and underwriting income.

Fidelity Southern Corporation
Second Quarter Earnings Release
July 21, 2011

Noninterest income increased $8.0 million or 45.2% to $25.8 million for the six months ended June 30, 2011, compared to the same period in 2010. The increase in noninterest income was the result of a $5.0 million or 589.8% increase in income from SBA lending activities and a $3.6 million or 46.7% increase in income from mortgage banking activities. SBA income increased because of higher gains on sale related to a $61.9 million increase in loans sold to $68.3 million. There were no SBA sales recognized in the first quarter of 2010 in accordance with the adoption of new accounting requirements effective January 1, 2010. Mortgage banking income improved as a result of increased gains on sale and other fee income associated with a higher volume of loans originated which increased $26.7 million for the six months ended June 30, 2011 compared to the same period in 2010.

NONINTEREST EXPENSE

Noninterest expense for the second quarter of 2011 increased $2.1 million or 10.9% to $20.9 million compared to the same period in 2010. The increase was due primarily to higher salaries and employee benefits which increased $1.6 million or 16.2% to $11.6 million due to higher commission expense related to the increased SBA volume as well as an increased number of lenders in the Mortgage, SBA, Commercial, and Indirect Auto Lending divisions. Other operating expense increased $492,000 or 22.2% to $2.7 million due to higher insurance, mortgage related losses, and underwriting expenses.

Noninterest expense for the first six months of 2011 increased $5.5 million or 15.5% to $41.4 million compared to the same period in 2010. The increase was due primarily to higher salaries and employee benefits which increased $3.6 million or 18.8% to $22.5 million. Other operating expense increased $1.3 million or 32.2% to $5.4 million due to higher losses and reserves, insurance, underwriting and advertising expenses.

Fidelity Southern Corporation, through its operating subsidiaries Fidelity Bank and LionMark Insurance Company, provides banking services and credit-related insurance products through 25 branches in Atlanta, Georgia, and Jacksonville, Florida, and an insurance office in Atlanta, Georgia. SBA, indirect automobile, and mortgage loans are provided through employees located throughout nine Southern states. For additional information about Fidelity’s products and services, please visit the website at www.FidelitySouthern.com.

Fidelity Southern Corporation
Second Quarter Earnings Release
July 21, 2011

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 2010 Annual Report filed on Form 10-K with the Securities and Exchange Commission.

-end-

FIDELITY SOUTHERN CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)

		QUARTER ENDED								YEAR TO DATE								QTR ENDED
		JUNE 30,								JUNE 30,								MARCH 31,
(DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA)		2011				2010				2011				2010				2011
INTEREST INCOME
LOANS, INCLUDING FEES		$	21,153			$	21,754			$	43,044			$	42,818			$	21,891
INVESTMENT SECURITIES			1,889				2,673				3,402				4,748				1,513
FEDERAL FUNDS SOLD AND BANK DEPOSITS			49				13				90				106				41
TOTAL INTEREST INCOME			23,091				24,440				46,536				47,672				23,445
INTEREST EXPENSE
DEPOSITS			4,448				6,349				8,980				13,225				4,532
SHORT-TERM BORROWINGS			169				381				344				713				175
SUBORDINATED DEBT			1,122				1,123				2,243				2,240				1,121
OTHER LONG-TERM DEBT			307				346				752				689				445
TOTAL INTEREST EXPENSE			6,046				8,199				12,319				16,867				6,273
NET INTEREST INCOME			17,045				16,241				34,217				30,805				17,172
PROVISION FOR LOAN LOSSES			4,850				1,150				10,625				5,125				5,775
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES			12,195				15,091				23,592				25,680				11,397
NONINTEREST INCOME
SERVICE CHARGES ON DEPOSIT ACCOUNTS			1,015				1,171				1,972				2,219				957
OTHER FEES AND CHARGES			672				559				1,253				1,043				581
MORTGAGE BANKING ACTIVITIES			5,484				4,525				11,443				7,800				5,959
INDIRECT LENDING ACTIVITIES			1,524				1,161				2,710				2,197				1,186
SBA LENDING ACTIVITIES			3,604				734				5,836				846				2,232
SECURITIES GAINS			1,078				2,291				1,078				2,291				—
BANK OWNED LIFE INSURANCE			333				330				653				656				320
OTHER OPERATING INCOME			384				477				835				703				451
TOTAL NONINTEREST INCOME			14,094				11,248				25,780				17,755				11,686
NONINTEREST EXPENSE
SALARIES AND EMPLOYEE BENEFITS			11,641				10,021				22,463				18,905				10,822
FURNITURE AND EQUIPMENT			791				674				1,543				1,318				752
NET OCCUPANCY			1,160				1,125				2,295				2,215				1,135
COMMUNICATION EXPENSES			532				475				1,095				919				563
PROFESSIONAL AND OTHER SERVICES			1,453				1,074				2,645				2,112				1,192
OTHER REAL ESTATE EXPENSE			1,793				2,358				4,251				4,527				2,458
FDIC INSURANCE EXPENSE			806				881				1,708				1,767				902
OTHER OPERATING EXPENSES			2,707				2,215				5,358				4,054				2,651
TOTAL NONINTEREST EXPENSE			20,883				18,823				41,358				35,817				20,475
INCOME BEFORE INCOME TAX EXPENSE			5,406				7,516				8,014				7,618				2,608
INCOME TAX EXPENSE			1,792				2,647				2,558				2,554				766
NET INCOME			3,614				4,869				5,456				5,064				1,842
PREFERRED STOCK DIVIDENDS			(823	)			(823	)			(1,646	)			(1,646	)			(823	)
NET INCOME AVAILABLE TO COMMON EQUITY		$	2,791			$	4,046			$	3,810			$	3,418			$	1,019
EARNINGS PER SHARE:
BASIC EARNINGS PER SHARE		$	0.24			$	0.38			$	0.34			$	0.32			$	0.09
DILUTED EARNINGS PER SHARE		$	0.21			$	0.33			$	0.30			$	0.29			$	0.08
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-BASIC			11,700,955				10,776,579				11,267,916				10,619,041				10,830,066
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-FULLY DILUTED			13,190,787				12,258,681				12,798,015				11,895,606				12,407,925

FIDELITY SOUTHERN CORPORATION
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)

		JUNE 30,				MARCH 31,				DECEMBER 31,				JUNE 30,
(DOLLARS IN THOUSANDS)		2011				2011				2010				2010
ASSETS
CASH AND DUE FROM BANKS		$	194,628			$	123,995			$	47,242			$	108,898
FEDERAL FUNDS SOLD			371				1,784				517				2,279
CASH AND CASH EQUIVALENTS			194,999				125,779				47,759				111,177
INVESTMENTS AVAILABLE-FOR-SALE			171,683				209,833				161,478				164,082
INVESTMENTS HELD-TO-MATURITY			10,570				12,712				14,110				16,896
INVESTMENT IN FHLB STOCK			6,456				6,542				6,542				6,857
LOANS HELD-FOR-SALE			98,333				115,005				209,898				183,672
LOANS			1,458,658				1,431,493				1,403,372				1,308,991
ALLOWANCE FOR LOAN LOSSES			(29,801	)			(29,694	)			(28,082	)			(27,104	)
LOANS, NET			1,428,857				1,401,799				1,375,290				1,281,887
PREMISES AND EQUIPMENT, NET			21,154				19,723				19,510				18,795
OTHER REAL ESTATE, NET			21,026				18,383				20,525				22,225
ACCRUED INTEREST RECEIVABLE			7,704				8,126				7,990				7,992
BANK OWNED LIFE INSURANCE			30,878				30,570				30,275				29,663
OTHER ASSETS			52,676				50,127				51,923				41,355
TOTAL ASSETS		$	2,044,336			$	1,998,599			$	1,945,300			$	1,884,601
LIABILITIES
DEPOSITS:
NONINTEREST-BEARING DEMAND		$	214,980			$	200,902			$	185,614			$	172,919
INTEREST-BEARING DEMAND/ MONEY MARKET			421,458				430,403				427,590				336,983
SAVINGS			420,082				418,788				398,012				435,267
TIME DEPOSITS, $100,000 AND OVER			302,463				271,817				246,317				211,550
OTHER TIME DEPOSITS			349,421				356,123				355,715				406,902
TOTAL DEPOSIT LIABILITIES			1,708,404				1,678,033				1,613,248				1,563,621
SHORT-TERM BORROWINGS			35,951				25,732				32,977				49,902
SUBORDINATED DEBT			67,527				67,527				67,527				67,527
OTHER LONG-TERM DEBT			52,500				70,000				75,000				50,000
ACCRUED INTEREST PAYABLE			2,686				2,284				2,973				3,708
OTHER LIABILITIES			17,430				13,468				13,064				12,700
TOTAL LIABILITIES			1,884,498				1,857,044				1,804,789				1,747,458
SHAREHOLDERS’ EQUITY
PREFERRED STOCK			46,020				45,799				45,578				45,137
COMMON STOCK			72,217				57,611				57,542				56,091
ACCUMULATED OTHER COMPREHENSIVE INCOME			1,280				195				458				1,261
RETAINED EARNINGS			40,321				37,950				36,933				34,654
TOTAL SHAREHOLDERS’ EQUITY			159,838				141,555				140,511				137,143
TOTAL LIABILITIES AND SHARE- HOLDERS’ EQUITY		$	2,044,336			$	1,998,599			$	1,945,300			$	1,884,601
BOOK VALUE PER SHARE		$	8.75			$	8.84			$	8.77			$	8.51
SHARES OF COMMON STOCK OUTSTANDING			13,014,077				10,830,851				10,829,492				10,811,737

FIDELITY SOUTHERN CORPORATION
LOANS, BY CATEGORY
(UNAUDITED)

		JUNE 30,
(DOLLARS IN THOUSANDS)		2011				2010				PERCENT CHANGE
COMMERCIAL, FINANCIAL AND AGRICULTURAL		$	92,738			$	100,748				(7.95)	%
TAX-EXEMPT COMMERCIAL			5,049				5,251				(3.85)	%
REAL ESTATE MORTGAGE — COMMERCIAL			350,945				329,996				6.35	%
TOTAL COMMERCIAL			448,732				435,995				2.92	%
REAL ESTATE-CONSTRUCTION			114,307				128,735				(11.21)	%
REAL ESTATE-MORTGAGE			123,589				129,177				(4.33)	%
CONSUMER INSTALLMENT			772,030				615,084				25.52	%
LOANS			1,458,658				1,308,991				11.43	%
LOANS HELD-FOR-SALE:
ORIGINATED RESIDENTIAL MORTGAGE LOANS			47,503				134,962				(64.80)	%
SBA LOANS			20,830				18,710				11.33	%
INDIRECT AUTO LOANS			30,000				30,000				0.00	%
TOTAL LOANS HELD-FOR-SALE			98,333				183,672				(46.46)	%
TOTAL LOANS		$	1,556,991			$	1,492,663

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

		YEAR TO DATE								YEAR ENDED				YEAR TO DATE
		JUNE 30,								DECEMBER 31,				MARCH 31,
(DOLLARS IN THOUSANDS)		2011				2010				2010				2011
BALANCE AT BEGINNING OF PERIOD		$	28,082			$	30,072			$	30,072			$	28,082
CHARGE-OFFS:
COMMERCIAL, FINANCIAL AND AGRICULTURAL			96				79				883				93
SBA			493				140				381				178
REAL ESTATE-CONSTRUCTION			6,162				4,331				11,274				2,501
REAL ESTATE-MORTGAGE			299				129				656				105
CONSUMER INSTALLMENT			2,390				3,895				7,086				1,550
TOTAL CHARGE-OFFS			9,440				8,574				20,280				4,427
RECOVERIES:
COMMERCIAL, FINANCIAL AND AGRICULTURAL			7				2				23				7
SBA			18				—				5				14
REAL ESTATE-CONSTRUCTION			104				108				361				51
REAL ESTATE-MORTGAGE			2				1				8				—
CONSUMER INSTALLMENT			403				370				768				192
TOTAL RECOVERIES			534				481				1,165				264
NET CHARGE-OFFS			8,906				8,093				19,115				4,163
PROVISION FOR LOAN LOSSES			10,625				5,125				17,125				5,775
BALANCE AT END OF PERIOD		$	29,801			$	27,104			$	28,082			$	29,694
RATIO OF NET CHARGE-OFFS DURING PERIOD TO AVERAGE LOANS OUTSTANDING, NET			1.25	%			1.26	%			1.44	%			1.19	%
ALLOWANCE FOR LOAN LOSSES AS A PERCENTAGE OF LOANS			2.04	%			2.07	%			2.00	%			2.07	%

NONPERFORMING ASSETS
(UNAUDITED)

		JUNE 30,								DECEMBER 31,				MARCH 31,
(DOLLARS IN THOUSANDS)		2011				2010				2010				2011
NONACCRUAL LOANS		$	69,654			$	58,588			$	76,545			$	72,515
REPOSSESSIONS			932				1,304				1,119				1,438
OTHER REAL ESTATE			21,026				22,225				20,525				18,383
TOTAL NONPERFORMING ASSETS		$	91,612			$	82,117			$	98,189			$	92,336
*** INCLUDES SBA GUARANTEED AMOUNTS OF APPROXIMATELY		$	6,669			$	6,100			$	7,818			$	4,502
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			5.80	%			5.42	%			6.01	%			5.90	%

DELINQUENCIES
(UNAUDITED)

(IN THOUSANDS)		Jun-11				Mar-11				Dec-10				Sep-10				Jun-10
PAST DUE (30-59)		$	4,460			$	6,345			$	9,227			$	4,664			$	7,618
PAST DUE (60-89)			1,245				2,122				1,356				9,631				1,289
PAST DUE (90+)			—				—				—				—				—
TOTAL PAST DUE		$	5,705			$	8,467			$	10,583			$	14,295			$	8,907
INDIRECT		$	2,554			$	2,354			$	4,936			$	3,635			$	3,958
CONSTRUCTION			83				83				1,064				8,411				—
COMMERCIAL			456				3,958				2,075				314				—
SBA			1,202				764				698				—				2,911
OTHER			1,410				1,308				1,810				1,935				2,038
TOTAL PAST DUE		$	5,705			$	8,467			$	10,583			$	14,295			$	8,907

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

		YEAR TO DATE
		June 30, 2011												June 30, 2010
		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		$	1,560,728			$	42,943				5.54	%		$	1,413,338			$	42,713				6.09	%
Tax-exempt (1)			5,093				155				6.14	%			5,294				160				6.14	%
Total loans			1,565,821				43,098				5.54	%			1,418,632				42,873				6.09	%
Investment securities:
Taxable			201,539				3,158				3.13	%			243,971				4,504				3.69	%
Tax-exempt (2)			11,704				367				6.28	%			11,706				365				6.21	%
Total investment securities			213,243				3,525				3.31	%			255,677				4,869				3.82	%
Interest-bearing deposits			76,705				90				0.24	%			92,295				106				0.23	%
Federal funds sold			818				—				0.06	%			603				—				0.08	%
Total interest-earning assets			1,856,587				46,713				5.07	%			1,767,207				47,848				5.46	%
Noninterest-earning:
Cash and due from banks			29,947												6,580
Allowance for loan losses			(28,684	)											(28,940	)
Premises and equipment, net			20,094												18,523
Other real estate			20,686												24,912
Other assets			84,909												78,385
Total assets		$	1,983,539											$	1,866,667
Liabilities and shareholders’ equity
Interest-bearing liabilities:
Demand deposits		$	415,994			$	1,371				0.66	%		$	274,007			$	1,232				0.91	%
Savings deposits			412,697				2,234				1.09	%			448,381				3,500				1.57	%
Time deposits			624,924				5,375				1.73	%			673,241				8,493				2.54	%
Total interest-bearing deposits			1,453,615				8,980				1.25	%			1,395,629				13,225				1.91	%
Federal funds purchased			—				—				—				1,492				7				0.94	%
Securities sold under agreements to repurchase			20,702				190				1.85	%			21,773				177				1.64	%
Other short-term borrowings			10,801				154				2.87	%			27,155				529				3.93	%
Subordinated debt			67,527				2,243				6.70	%			67,527				2,240				6.69	%
Long-term debt			64,199				752				2.36	%			50,000				689				2.78	%
Total interest-bearing liabilities			1,616,844				12,319				1.54	%			1,563,576				16,867				2.18	%
Noninterest-bearing:
Demand deposits			198,023												158,745
Other liabilities			24,119												13,138
Shareholders’ equity			144,553												131,208
Total liabilities and shareholders’ equity		$	1,983,539											$	1,866,667
Net interest income / spread						$	34,394				3.54	%						$	30,981				3.28	%
Net interest margin											3.74	%											3.54	%

(1)		Interest income includes the effect of taxable-equivalent adjustment for 2011 and 2010 of $54,000 and $55,000, respectively.
(2)		Interest income includes the effect of taxable-equivalent adjustment for 2011 and 2010 of $123,000 and $121,000, respectively.

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

		QUARTER ENDED
		June 30, 2011												June 30, 2010
		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		$	1,550,103			$	21,103				5.46	%		$	1,436,360			$	21,701				6.06	%
Tax-exempt (1)			5,067				77				6.14	%			5,269				80				6.14	%
Total loans			1,555,170				21,180				5.46	%			1,441,629				21,781				6.06	%
Investment securities
Taxable			227,412				1,767				3.11	%			289,034				2,551				3.53	%
Tax-exempt (2)			11,704				184				6.27	%			11,706				182				6.22	%
Total investment securities			239,116				1,951				3.27	%			300,740				2,733				3.64	%
Interest-bearing deposits			86,841				49				0.22	%			42,148				13				0.13	%
Federal funds sold			733				—				0.05	%			604				—				0.09	%
Total interest-earning assets			1,881,860				23,180				4.94	%			1,785,121				24,527				5.51	%
Cash and due from banks			27,933												2,249
Allowance for loan losses			(29,019	)											(28,537	)
Premises and equipment, net			20,495												18,845
Other real estate			20,107												25,297
Other assets			85,401												77,042
Total assets		$	2,006,777											$	1,880,017
Liabilities and shareholders’ equity
Interest-bearing liabilities :
Demand deposits		$	416,214			$	682				0.66	%		$	288,301			$	673				0.94	%
Savings deposits			417,580				1,114				1.07	%			454,791				1,708				1.51	%
Time deposits			634,012				2,652				1.68	%			655,751				3,968				2.43	%
Total interest-bearing deposits			1,467,806				4,448				1.22	%			1,398,843				6,349				1.82	%
Federal funds purchased			—				—				—				2,967				7				0.94	%
Securities sold under agreements to repurchase			14,788				24				0.64	%			23,149				115				1.99	%
Other short-term borrowings			20,495				145				2.83	%			26,813				259				3.88	%
Subordinated debt			67,527				1,122				6.67	%			67,527				1,123				6.67	%
Long-term debt			54,505				307				2.26	%			50,000				346				2.78	%
Total interest-bearing liabilities			1,625,121				6,046				1.49	%			1,569,299				8,199				2.09	%
Noninterest-bearing :
Demand deposits			207,554												164,001
Other liabilities			25,697												14,266
Shareholders’ equity			148,405												132,451
Total liabilities and shareholders’ equity		$	2,006,777											$	1,880,017
Net interest income / spread						$	17,134				3.45	%						$	16,328				3.42	%
Net interest margin											3.65	%											3.67	%