Exhibit 99.1

Released on October 20, 2011, at 3:17 p.m. by PR Newswire

FOR IMMEDIATE RELEASE

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

FIDELITY SOUTHERN CORPORATION
EARNS $2.1 MILLION FOR THIRD QUARTER,
$7.6 MILLION YEAR TO DATE, GROSS REVENUE INCREASED 14%

ATLANTA, GA (October 20, 2011) — Fidelity Southern Corporation (“Fidelity” or the “Company”) (NASDAQ:LION), holding company for Fidelity Bank (the “Bank”), reported net income of $2.1 million for the third quarter of 2011 and $7.6 million for the first nine months of 2011. Net income was $2.1 million for the third quarter of 2010 and $7.1 million for the first nine months of 2010. After accounting for the TARP preferred dividend, basic and diluted earnings per share for the third quarter of 2011 were $.10 and $.09, respectively, compared to basic and diluted earnings per share of $.12 and $.10, respectively, in the third quarter of 2010. Basic and diluted earnings per share for the first nine months of 2011 were $.43 and $.38, respectively, compared to basic and diluted earnings per share of $.43 and $.39, respectively, for 2010.

		For the quarter ended
		9/30/2011				6/30/2011				3/31/2011				12/31/2010				9/30/2010
		(In Thousands)
Net Income		$	2,110			$	3,614			$	1,842			$	2,988			$	2,081
Income Tax Expense			608				1,792				766				932				913
Provision For Loan Losses			4,400				4,850				5,775				6,975				5,025
Write-down of ORE			677				1,069				1,600				573				698
Other cost of ORE Operations			639				724				858				483				713
Pre-Tax, Pre-Credit Related Earnings			8,434				12,049				10,841				11,951				9,430
Less Security Gains			—				(1,078	)			—				—				—
Core Operating Earnings (1)		$	8,434			$	10,971			$	10,841			$	11,951			$	9,430

James B. Miller, Jr. Chairman said, “While the banking industry as a whole continues to struggle with growth, we are pleased to have increased our loan portfolio by 11% from the end of September a year ago. Over that same period, our deposits have grown 13% with the majority of that growth in core accounts. We continue to expand our branch network, and we continue to look at bank acquisition possibilities.”

Fidelity Southern Corporation
Third Quarter Earnings Release
October 20, 2011

REVENUE GROWTH

Gross revenue increased approximately 14% for the nine months ended September 30, 2011 compared to September 30, 2010. Gross revenue is net interest income and total noninterest income and was $87.5 million at September 30, 2011 compared to $76.6 million at September 30, 2010.

ASSET QUALITY

Net charge-offs were $4.8 million in the third quarter of 2011 compared to $4.7 million in the second quarter of 2011, and $3.8 million in the third quarter of 2010. Year to date, net charge-offs increased $1.8 million for the first nine months of 2011 to $13.7 million compared to $11.9 million for the same period in 2010. The ratio of net charge-offs to average loans outstanding was 1.26% for the nine months ended September 30, 2011, compared to 1.22% for the same period in 2010. The allowance for loan losses increased $1.1 million to $29.4 million or 1.96% of total loans at September 30, 2011, compared to $28.3 million or 2.09% at September 30, 2010.

Nonperforming residential construction and development loans at September 30, 2011, included financing for 64 houses and 644 lots and land totaling $35.5 million. During the third quarter of 2011, $2.0 million of nonperforming construction loans were paid down by our customers.

During the third quarter of 2011, $3.5 million of ORE assets were sold while $7.8 million were added to ORE. ORE consisted of 60 houses, representing 21.9% of the total ORE balance, 460 lots and 12 commercial properties. ORE increased $3.2 million to $24.5 million at September 30, 2011, compared to $21.3 million at September 30, 2010.

The provision for loan losses for the third quarter of 2011 was $4.4 million compared to $4.9 million in the second quarter of 2011 and $5.0 million for the third quarter of 2010. The provision for loan losses for the first nine months of 2011 was $15.0 million compared to $10.2 million for the same period in 2010. The increase of $4.8 million for the comparable nine month period is related primarily to the growth in the Bank’s loan portfolio.

CAPITAL

At September 30, 2011, the Company had a 10.16% leverage ratio, 12.35% in tier one capital to risk weighted assets, and 14.31% in total capital to risk weighted assets. At September 30, 2011, the Bank had a leverage ratio of 9.38%, a tier one ratio of 11.39%, and a total capital ratio 13.23%.

Fidelity Southern Corporation
Third Quarter Earnings Release
October 20, 2011

DEPOSITS

Total deposits of $1.765 billion at September 30, 2011, reflect the improvement brought about by the Bank’s strategy to increase core deposits. Demand, money market and savings accounts increased $113.9 million or 11.6% while brokered deposits decreased $53.3 million or 64.7% at September 30, 2011, compared to September 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.

		September 30,								June 30,								December 31,								September 30,
		2011								2011								2010								2010
		$				%				$				%				$				%				$				%
		(Dollars in Millions)
Core deposits(1)		$	1,414.1				80.1	%		$	1,363.5				79.8	%		$	1,304.5				80.9	%		$	1,270.0				81.3	%
Time Deposits > $100,000			322.3				18.3				302.5				17.7				246.3				15.2				208.9				13.4
Brokered deposits			29.1				1.6				42.4				2.5				62.5				3.9				82.4				5.3
Total deposits		$	1,765.5				100.0	%		$	1,708.4				100.0	%		$	1,613.3				100.0	%		$	1,561.3				100.0	%
Quarterly rate on deposits			0.88	%							1.06	%							1.19	%							1.42	%

REAL ESTATE

New residential construction loan advances made during the quarter totaled $5.4 million, while the payoffs of construction loans totaled $16.7 million. Residential construction and A&D loans totaled $91.7 million at September 30, 2011, which decreased 26.3% from $124.4 million at September 30, 2010. There were 299 houses and 1,136 lots financed at September 30, 2011, compared to 308 houses and 1,465 lots at September 30, 2010.

NET INTEREST MARGIN

While net interest margin decreased to 3.55% in the third quarter of 2011 compared to 3.70% in the third quarter of 2010, net interest income for the third quarter of 2011 increased $1.1 million or 6.8% when compared to the same period in 2010. Net interest margin increased six basis points to 3.65% in the first nine months of 2011 compared to 3.59% for the same period in 2010 representing an increase in net interest income of $4.5 million or 9.6%. 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
Third Quarter Earnings Release
October 20, 2011

INTEREST INCOME

Total interest income for the third quarter of 2011 decreased $754,000 or 3.2% compared to the same period in 2010. Average interest-earning assets for the third quarter of 2011 increased $197.0 million or 11.1%, but was more than offset by a 69 basis point decrease in the yield on average interest-earning assets due primarily to the Bank offering competitive rates in the marketplace.

Year to date, total interest income decreased $1.9 million or 2.6% compared to the same period in 2010. While average interest-earning assets for the first nine months of 2011 increased $136.5 million or 7.7%, the yield on average interest-earning assets decreased 52 basis points. The decrease in yield was primarily the result of a decrease in the yield on loans of 52 basis points. In addition, investment security yields decreased 48 basis points to 3.24%.

INTEREST EXPENSE

Interest expense for the third quarter of 2011 decreased $1.9 million or 25.7% compared to the same period in 2010. The decrease in interest expense was attributable to a 59 basis point decrease in the cost of interest-bearing liabilities somewhat offset by an increase in average interest-bearing liabilities of $124.8 million or 8.1%. Brokered deposits decreased $53.2 million compared to September 30, 2010. At September 30, 2011, brokered deposits represented only 1.6% of total deposits.

Year to date in 2011, interest expense decreased $6.4 million or 26.6% compared to the same period in 2010. The decrease in interest expense was attributable to a 62 basis point decrease in the cost of interest-bearing liabilities somewhat offset by an increase in average interest-bearing liabilities of $77.4 million. 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.

NONINTEREST INCOME

Noninterest income decreased $1.6 million or 13.7% to $10.0 million for the quarter ended September 30, 2011, compared to the same period in 2010. The decrease in noninterest income was primarily the result of a $1.9 million or 26.4% decrease in income from mortgage banking activities net of a $400,000 or 33.3% increase in income from indirect lending activities. Mortgage banking income decreased primarily due to an impairment against the mortgage servicing asset as a result of historically low mortgage interest rates and higher prepayments. Indirect lending income increased because of higher gains on sale related to a $22.9 million increase in loans sold to $38.7 million for the quarter ended September 30, 2011 compared to the same period in 2010.

Fidelity Southern Corporation
Third Quarter Earnings Release
October 20, 2011

Noninterest income increased $6.4 million or 22.0% to $35.8 million for the nine months ended September 30, 2011, compared to the same period in 2010, reflecting a $4.8 million or 266.8% increase in income from SBA lending activities, a $1.8 million or 12.0% increase in income from mortgage banking activities, and a $913,000 or 26.9% increase in indirect lending activities. These increases were attributable to a larger number of sales and higher margins and were somewhat offset by a $1.2 million or 52.9% decrease in securities gains due to fewer sales.

NONINTEREST EXPENSE

Noninterest expense for the third quarter of 2011 increased $436,000 or 2.2% to $20.4 million compared to the same period in 2010. The increase was due to higher other operating expense which increased $818,000 or 34.7% to $3.2 million due to increased legal expense, higher credit reporting expense, mortgage related losses, and other operating expenses. Somewhat offsetting this increase was a decrease in FDIC insurance expense of $462,000 or 52.9% due to a reduction in the FDIC assessment rate and base.

Noninterest expense for the first nine months of 2011 increased $6.0 million or 10.7% to $61.8 million compared to the same period in 2010. The increase was due primarily to higher salaries and employee benefits which increased $3.5 million or 11.4% to $34.1 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 $2.1 million or 33.1% to $8.5 million due to increased legal expense, higher losses and reserves, insurance, underwriting and advertising expenses. Somewhat offsetting these increases was a decrease in FDIC insurance expense of $521,000 or 19.6% due to a reduction in the FDIC assessment rate and base.

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.

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
		SEPTEMBER 30,								SEPTEMBER 30,								JUNE 30,
(DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA)		2011				2010				2011				2010				2011
INTEREST INCOME
LOANS, INCLUDING FEES		$	21,258			$	22,068			$	64,302			$	64,886			$	21,153
INVESTMENT SECURITIES			1,592				1,602				4,994				6,350				1,889
FEDERAL FUNDS SOLD AND BANK DEPOSITS			109				43				199				149				49
TOTAL INTEREST INCOME			22,959				23,713				69,495				71,385				23,091
INTEREST EXPENSE
DEPOSITS			3,810				5,507				12,790				18,732				4,448
SHORT-TERM BORROWINGS			168				185				512				898				169
SUBORDINATED DEBT			1,122				1,138				3,365				3,378				1,122
OTHER LONG-TERM DEBT			304				446				1,056				1,135				307
TOTAL INTEREST EXPENSE			5,404				7,276				17,723				24,143				6,046
NET INTEREST INCOME			17,555				16,437				51,772				47,242				17,045
PROVISION FOR LOAN LOSSES			4,400				5,025				15,025				10,150				4,850
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES			13,155				11,412				36,747				37,092				12,195
NONINTEREST INCOME
SERVICE CHARGES ON DEPOSIT ACCOUNTS			1,023				1,072				2,995				3,291				1,015
OTHER FEES AND CHARGES			676				553				1,929				1,596				672
MORTGAGE BANKING ACTIVITIES			5,186				7,042				16,629				14,842				5,484
INDIRECT LENDING ACTIVITIES			1,600				1,200				4,310				3,397				1,524
SBA LENDING ACTIVITIES			756				951				6,592				1,797				3,604
SECURITIES GAINS			—				—				1,078				2,291				1,078
BANK OWNED LIFE INSURANCE			326				324				979				980				333
OTHER OPERATING INCOME			411				419				1,246				1,122				384
TOTAL NONINTEREST INCOME			9,978				11,561				35,758				29,316				14,094
NONINTEREST EXPENSE
SALARIES AND EMPLOYEE BENEFITS			11,652				11,729				34,115				30,634				11,641
FURNITURE AND EQUIPMENT			737				684				2,280				2,002				791
NET OCCUPANCY			1,094				1,159				3,389				3,374				1,160
COMMUNICATION EXPENSES			541				471				1,636				1,390				532
PROFESSIONAL AND OTHER SERVICES			1,474				1,279				4,119				3,391				1,453
OTHER REAL ESTATE EXPENSE			1,316				1,412				5,567				5,939				1,793
FDIC INSURANCE EXPENSE			428				890				2,136				2,657				806
OTHER OPERATING EXPENSES			3,173				2,355				8,531				6,409				2,707
TOTAL NONINTEREST EXPENSE			20,415				19,979				61,773				55,796				20,883
INCOME BEFORE INCOME TAX EXPENSE			2,718				2,994				10,732				10,612				5,406
INCOME TAX EXPENSE			608				913				3,166				3,467				1,792
NET INCOME			2,110				2,081				7,566				7,145				3,614
PREFERRED STOCK DIVIDENDS			(823	)			(823	)			(2,469	)			(2,469	)			(823	)
NET INCOME AVAILABLE TO COMMON EQUITY		$	1,287			$	1,258			$	5,097			$	4,676			$	2,791
EARNINGS PER SHARE:
BASIC EARNINGS PER SHARE		$	0.10			$	0.12			$	0.43			$	0.43			$	0.24
DILUTED EARNINGS PER SHARE		$	0.09			$	0.10			$	0.38			$	0.39			$	0.21
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-BASIC			13,031,875				10,816,242				11,862,364				10,819,597				11,700,955
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING-FULLY DILUTED			14,410,371				12,194,427				13,348,764				12,118,745				13,190,787

FIDELITY SOUTHERN CORPORATION
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)

		SEPTEMBER 30,				JUNE 30,				DECEMBER 31,				SEPTEMBER 30,
(DOLLARS IN THOUSANDS)		2011				2011				2010				2010
ASSETS
CASH AND DUE FROM BANKS		$	117,424			$	194,628			$	47,242			$	67,361
FEDERAL FUNDS SOLD			810				371				517				642
CASH AND CASH EQUIVALENTS			118,234				194,999				47,759				68,003
INVESTMENTS AVAILABLE-FOR-SALE			238,488				171,683				161,478				152,572
INVESTMENTS HELD-TO-MATURITY			9,680				10,570				14,110				15,689
INVESTMENT IN FHLB STOCK			6,413				6,456				6,542				6,542
LOANS HELD-FOR-SALE			125,268				98,333				209,898				186,494
LOANS			1,500,094				1,458,658				1,403,372				1,355,248
ALLOWANCE FOR LOAN LOSSES			(29,381	)			(29,801	)			(28,082	)			(28,293	)
LOANS, NET			1,470,713				1,428,857				1,375,290				1,326,955
PREMISES AND EQUIPMENT, NET			22,057				21,154				19,510				19,229
OTHER REAL ESTATE, NET			24,494				21,026				20,525				21,252
ACCRUED INTEREST RECEIVABLE			7,825				7,704				7,990				8,148
BANK OWNED LIFE INSURANCE			31,183				30,878				30,275				29,967
OTHER ASSETS			55,320				52,676				51,923				44,367
TOTAL ASSETS		$	2,109,675			$	2,044,336			$	1,945,300			$	1,879,218
LIABILITIES
DEPOSITS:
NONINTEREST-BEARING DEMAND		$	247,660			$	214,980			$	185,614			$	186,112
INTEREST-BEARING DEMAND/ MONEY MARKET			447,154				421,458				427,590				429,133
SAVINGS			401,759				420,082				398,012				367,402
TIME DEPOSITS, $100,000 AND OVER			322,251				302,463				246,317				208,853
OTHER TIME DEPOSITS			346,693				349,421				355,715				369,674
TOTAL DEPOSIT LIABILITIES			1,765,517				1,708,404				1,613,248				1,561,174
SHORT-TERM BORROWINGS			40,011				35,951				32,977				22,715
SUBORDINATED DEBT			67,527				67,527				67,527				67,527
OTHER LONG-TERM DEBT			52,500				52,500				75,000				75,000
ACCRUED INTEREST PAYABLE			2,078				2,686				2,973				2,671
OTHER LIABILITIES			19,030				17,430				13,064				11,116
TOTAL LIABILITIES			1,946,663				1,884,498				1,804,789				1,740,203
SHAREHOLDERS’ EQUITY
PREFERRED STOCK			46,240				46,020				45,578				45,358
COMMON STOCK			72,320				72,217				57,542				56,541
ACCUMULATED OTHER COMPREHENSIVE INCOME			2,974				1,280				458				1,553
RETAINED EARNINGS			41,478				40,321				36,933				35,563
TOTAL SHAREHOLDERS’ EQUITY			163,012				159,838				140,511				139,015
TOTAL LIABILITIES AND SHARE- HOLDERS’ EQUITY		$	2,109,675			$	2,044,336			$	1,945,300			$	1,879,218
BOOK VALUE PER SHARE		$	8.96			$	8.75			$	8.77			$	8.66
SHARES OF COMMON STOCK OUTSTANDING			13,034,346				13,014,077				10,829,492				10,818,703

FIDELITY SOUTHERN CORPORATION
LOANS, BY CATEGORY
(UNAUDITED)

		SEPTEMBER 30,
(DOLLARS IN THOUSANDS)		2011				2010				PERCENT CHANGE
COMMERCIAL, FINANCIAL AND AGRICULTURAL		$	93,745			$	94,221				(0.51)	%
TAX-EXEMPT COMMERCIAL			4,997				5,202				(3.94)	%
REAL ESTATE MORTGAGE — COMMERCIAL			364,434				336,395				8.34	%
TOTAL COMMERCIAL			463,176				435,818				6.28	%
REAL ESTATE-CONSTRUCTION			103,164				129,486				(20.33)	%
REAL ESTATE-MORTGAGE			120,971				135,977				(11.04)	%
CONSUMER INSTALLMENT			812,783				653,967				24.29	%
LOANS			1,500,094				1,355,248				10.69	%
LOANS HELD-FOR-SALE:
ORIGINATED RESIDENTIAL MORTGAGE LOANS			71,063				138,151				(48.56)	%
SBA LOANS			24,205				18,343				31.96	%
INDIRECT AUTO LOANS			30,000				30,000				0.00	%
TOTAL LOANS HELD-FOR-SALE			125,268				186,494				(32.83)	%
TOTAL LOANS		$	1,625,362			$	1,541,742

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

		YEAR TO DATE								YEAR ENDED				YEAR TO DATE
		SEPTEMBER 30,								DECEMBER 31,				JUNE 30,
(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			265				144				883				96
SBA			713				322				381				493
REAL ESTATE-CONSTRUCTION			9,704				6,529				11,274				6,162
REAL ESTATE-MORTGAGE			731				266				656				299
CONSUMER INSTALLMENT			3,286				5,463				7,086				2,390
TOTAL CHARGE-OFFS			14,699				12,724				20,280				9,440
RECOVERIES:
COMMERCIAL, FINANCIAL AND AGRICULTURAL			7				23				23				7
SBA			78				—				5				18
REAL ESTATE-CONSTRUCTION			219				206				361				104
REAL ESTATE-MORTGAGE			43				4				8				2
CONSUMER INSTALLMENT			626				562				768				403
TOTAL RECOVERIES			973				795				1,165				534
NET CHARGE-OFFS			13,726				11,929				19,115				8,906
PROVISION FOR LOAN LOSSES			15,025				10,150				17,125				10,625
BALANCE AT END OF PERIOD		$	29,381			$	28,293			$	28,082			$	29,801
RATIO OF NET CHARGE-OFFS DURING PERIOD TO AVERAGE LOANS OUTSTANDING, NET			1.26	%			1.22	%			1.44	%			1.25	%
ALLOWANCE FOR LOAN LOSSES AS A PERCENTAGE OF LOANS			1.96	%			2.09	%			2.00	%			2.04	%

NONPERFORMING ASSETS
(UNAUDITED)

		SEPTEMBER 30,								DECEMBER 31,				JUNE 30,
(DOLLARS IN THOUSANDS)		2011				2010				2010				2011
NONACCRUAL LOANS		$	60,984			$	60,695			$	76,545			$	69,654
REPOSSESSIONS			1,077				882				1,119				932
OTHER REAL ESTATE			24,494				21,252				20,525				21,026
TOTAL NONPERFORMING ASSETS		$	86,555			$	82,829			$	98,189			$	91,612
*** INCLUDES SBA GUARANTEED AMOUNTS OF APPROXIMATELY		$	8,641			$	6,200			$	7,818			$	6,669
LOANS PAST DUE 90 DAYS OR MORE AND STILL ACCRUING		$	422			$	—			$	—			$	—
RATIO OF LOANS PAST DUE 90 DAYS OR MORE AND STILL ACCRUING TO TOTAL LOANS			0.03	%			—	%			—	%			—	%
RATIO OF NONPERFORMING ASSETS TO TOTAL LOANS, OREO AND REPOSSESSIONS			5.24	%			5.30	%			6.01	%			5.80	%

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

		YEAR TO DATE
		September 30, 2011												September 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		$	1,567,097			$	64,151				5.47	%		$	1,444,046			$	64,727				5.99	%
Tax-exempt (1)			5,068				232				6.14	%			5,280				242				6.16	%
Total loans			1,572,165				64,383				5.47	%			1,449,326				64,969				5.99	%
Investment securities:
Taxable			201,923				4,628				3.06	%			222,756				5,985				3.58	%
Tax-exempt (2)			11,704				551				6.28	%			11,706				547				6.22	%
Total investment securities			213,627				5,179				3.24	%			234,462				6,532				3.72	%
Interest-bearing deposits			118,981				199				0.22	%			84,792				149				0.23	%
Federal funds sold			874				—				0.06	%			616				—				0.08	%
Total interest-earning assets			1,905,647				69,761				4.89	%			1,769,196				71,650				5.41	%
Noninterest-earning:
Cash and due from banks			13,963												8,906
Allowance for loan losses			(28,772	)											(28,227	)
Premises and equipment, net			20,565												18,696
Other real estate			21,497												23,786
Other assets			85,889												77,488
Total assets		$	2,018,789											$	1,869,845
Liabilities and shareholders’ equity Interest-bearing liabilities:
Demand deposits		$	421,133			$	1,852				0.59	%		$	314,666			$	2,215				0.94	%
Savings deposits			411,980				2,782				0.90	%			427,488				4,684				1.46	%
Time deposits			640,285				8,156				1.70	%			648,487				11,833				2.44	%
Total interest-bearing deposits			1,473,398				12,790				1.16	%			1,390,641				18,732				1.80	%
Federal funds purchased			11				—				0.91	%			989				7				0.94	%
Securities sold under agreements to repurchase			19,566				199				1.36	%			22,556				319				1.89	%
Other short-term borrowings			14,744				313				2.84	%			19,377				572				3.94	%
Subordinated debt			67,527				3,365				6.66	%			67,527				3,378				6.69	%
Long-term debt			60,256				1,056				2.34	%			57,052				1,135				2.66	%
Total interest-bearing liabilities			1,635,502				17,723				1.45	%			1,558,142				24,143				2.07	%
Noninterest-bearing:
Demand deposits			206,566												163,476
Other liabilities			26,582												14,749
Shareholders’ equity			150,139												133,478
Total liabilities and
shareholders’ equity		$	2,018,789											$	1,869,845
Net interest income / spread						$	52,038				3.44	%						$	47,507				3.34	%
Net interest margin											3.65	%											3.59	%

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

		QUARTER ENDED
		September 30, 2011												September 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		$	1,579,629			$	21,208				5.33	%		$	1,504,460			$	22,015				5.81	%
Tax-exempt (1)			5,018				77				6.14	%			5,252				82				6.20	%
Total loans			1,584,647				21,285				5.33	%			1,509,712				22,097				5.81	%
Investment securities Taxable			202,678				1,470				2.90	%			181,018				1,480				3.27	%
Tax-exempt (2)			11,704				184				6.30	%			11,705				183				6.25	%
Total investment securities			214,382				1,654				3.09	%			192,723				1,663				3.46	%
Interest-bearing deposits			169,864				109				0.25	%			69,789				43				0.24	%
Federal funds sold			985				—				0.05	%			642				—				0.07	%
Total interest-earning assets			1,969,878				23,048				4.64	%			1,772,866				23,803				5.33	%
Cash and due from banks			14,807												13,723
Allowance for loan losses			(28,945	)											(26,825	)
Premises and equipment, net			21,490												19,037
Other real estate			23,094												21,573
Other assets			87,814												75,724
Total assets		$	2,088,138											$	1,876,098
Liabilities and shareholders’ equity Interest-bearing liabilities :
Demand deposits		$	431,245			$	482				0.44	%		$	394,658			$	984				0.99	%
Savings deposits			410,570				547				0.53	%			386,382				1,184				1.22	%
Time deposits			670,506				2,781				1.65	%			599,788				3,339				2.21	%
Total interest-bearing deposits			1,512,321				3,810				1.00	%			1,380,828				5,507				1.58	%
Federal funds purchased			32				—				0.91	%			—				—				0.00	%
Securities sold under agreements to repurchase			17,331				9				0.21	%			24,097				142				2.34	%
Other short-term borrowings			22,500				159				2.81	%			4,076				43				4.12	%
Subordinated debt			67,527				1,122				6.59	%			67,527				1,138				6.69	%
Long-term debt			52,500				304				2.29	%			70,924				446				2.49	%
Total interest-bearing liabilities			1,672,211				5,404				1.28	%			1,547,452				7,276				1.87	%
Noninterest-bearing :
Demand deposits			223,372												172,785
Other liabilities			31,427												17,917
Shareholders’ equity			161,128												137,944
Total liabilities and shareholders’ equity		$	2,088,138											$	1,876,098
Net interest income / spread						$	17,644				3.36	%						$	16,527				3.46	%
Net interest margin											3.55	%											3.70	%