Bank OZK 8-K Consolidated Statements of Income

Exhibit 99.3

UNAUDITED PRO FORMA COMBINED CONSOLIDATED FINANCIAL INFORMATION

On October 19, 2015, Bank of the Ozarks, Inc. (“Ozarks”) and its wholly-owned bank subsidiary, Bank of the Ozarks, entered into a definitive agreement and plan of merger (the “C&S Merger Agreement”) with Community & Southern Holdings, Inc. (“C&S”) and its wholly-owned bank subsidiary, Community & Southern Bank (“C&S Bank”). The C&S Merger Agreement provides that, upon the terms and subject to the conditions set forth therein, (i) C&S will merge with and into Ozarks, with Ozarks continuing as the surviving corporation, and (ii) C&S Bank will merge with and into Bank of the Ozarks, with Bank of the Ozarks continuing as the surviving bank (collectively, the C&S Merger”).

Subject to the terms and conditions of the C&S Merger Agreement, at the effective time of the C&S Merger, each share of issued and outstanding C&S common stock and each outstanding C&S stock option, warrant, restricted stock unit and deferred stock unit will be converted into the right to receive shares of Ozarks common stock (plus cash in lieu of any fractional shares) based on the aggregate purchase price of $799,595,013, subject to certain purchase price adjustments set forth in the C&S Merger Agreement. The number of shares of Ozarks common stock to be delivered at closing in satisfaction of the purchase price will be based on a floating exchange ratio based upon the volume weighted average price of Ozarks common stock for the fifteen trading days ending on the second business day prior to closing, subject to a minimum and maximum price of $34.10 and $56.84, respectively.

On November 9, 2015, Ozarks and its wholly-owned bank subsidiary entered into a definitive agreement and plan of merger (the “C1 Merger Agreement”) with C1 Financial, Inc. (“C1”) and its wholly-owned bank subsidiary, C1 Bank (“C1 Bank”). The C1 Merger Agreement provides that, upon the terms and subject to the conditions set forth therein, (i) C1 will merge with and into Ozarks, with Ozarks continuing as the surviving corporation, and (ii) C1 Bank will merge with and into Bank of the Ozarks, with Bank of the Ozarks continuing as the surviving bank (collectively, the “C1 Merger”).

Subject to the terms and conditions of the C1 Merger Agreement, at the effective time of the C1 Merger, each share of issued and outstanding C1 common stock will be converted into the right to receive shares of Ozarks common stock (plus cash in lieu of any fractional and de minimis shares) based on the aggregate purchase price of $402,525,000, subject to certain purchase price adjustments set forth in the C1 Merger Agreement. The number of shares of Ozarks common stock to be delivered at closing in satisfaction of the purchase price will be based on a floating exchange ratio based upon the average closing price of Ozarks common stock for the ten trading days ending on the second business day prior to closing, subject to a minimum and maximum price of $39.79 and $66.31, respectively.

The following unaudited pro forma combined consolidated financial information is based on the historical financial data of Ozarks, C&S and C1, and has been prepared to illustrate the effects of the proposed C&S and C1 mergers. The unaudited pro forma combined consolidated financial information and explanatory notes are based upon the following assumptions with respect to C&S: (i) C&S’ closing consolidated net book value is at least $437 million on the determination date, (ii) the total number of shares of C&S common stock outstanding immediately prior to the effective time of the merger will be 36,949,266, (iii) immediately prior to the effective time of the merger there will be 169,300 outstanding C&S restricted stock units, 30,926 outstanding C&S deferred stock units, 3,450,818 outstanding C&S stock options with a weighted average exercise price of $10.37 per share, and 285,970 outstanding C&S warrants with an exercise price of $10.00 per share, and (iv) the Ozarks average stock price is $38.41 (which was the closing price of Ozarks common stock on June 9, 2016). The unaudited pro forma

combined consolidated financial information and explanatory notes are based upon the following assumptions with respect to C1: (i) C1’s closing consolidated net book value is at least $174 million on the determination date, (ii) the total number of shares of C1 common stock outstanding immediately prior to the effective time of the merger will be 16,100,966, and (iii) the Ozarks average stock price is $38.41 (which was the closing price of Ozarks common stock on June 9, 2016).

The following unaudited pro forma combined consolidated financial statements have been prepared using the acquisition method of accounting, giving effect to the proposed acquisitions of C&S and C1, including pro forma assumptions and adjustments related to the proposed acquisition of C&S and C1, as described in the accompanying notes to the unaudited pro forma combined consolidated financial statements. The unaudited pro forma combined consolidated balance sheet combines the historical financial information of Ozarks, C&S and C1 as of March 31, 2016, and assumes that the C&S Merger and C1 Merger were completed on that date. The unaudited pro forma combined consolidated statements of income for the three months ended March 31, 2016 and the twelve months ended December 31, 2015 give effect to the C&S and C1 acquisitions as if these transactions had been completed on January 1, 2015.

As required, these unaudited pro forma combined financial statements include adjustments which give effect to the events that are directly attributable to the proposed mergers and are factually supportable. In addition, the accompanying unaudited pro forma combined income statement does not include any pro forma adjustments to reflect expected costs savings or restructuring actions which may be achievable or the impact of any non-recurring activity and one time transaction related costs.

The following unaudited pro forma combined consolidated financial statements are provided for informational purposes only. The unaudited pro forma combined consolidated financial statements are not necessarily, and should not be assumed to be, an indication of the results that would have been achieved had the transaction been completed as of the dates indicated or that may be achieved in the future. The preparation of the unaudited pro forma combined consolidated financial statements and related adjustments require management to make certain assumptions and estimates. The unaudited pro forma combined consolidated financial statements should be read together with:

• the accompanying notes to the unaudited pro forma combined consolidated financial statements;

• Ozarks’ separate audited historical consolidated financial statements and accompanying notes as of and for the year ended December 31, 2015, included in Ozarks’ Annual Report on Form 10-K for the year ended December 31, 2015, incorporated by reference herein; C&S’ separate audited historical consolidated financial statements and accompanying notes as of and for the years ended December 31, 2015 included in Exhibit 99.1 of Ozarks’ Current Report on Form 8-K filed on the date hereof; and C1’s separate audited historical consolidated financial statements and accompanying notes as of and for the year ended December 31, 2015, included in C1’s Annual Report on Form 10-K for the year ended December 31, 2015; and

• Ozarks’ separate unaudited historical consolidated financial statements and accompanying notes as of and for the three months ended March 31, 2016 included in Ozarks’ Quarterly Report on Form 10-Q for the quarter ended March 31, 2016, incorporated by reference herein; C&S’ separate unaudited historical consolidated financial statements and accompanying notes as of and for the three months ended March 31, 2016, included in Exhibit 99.2 of Ozarks’ Current Report onForm 8-K filed on the date hereof; and C1’s separate unaudited historical consolidated financial statements and accompanying notes as of and for the three months ended March 31, 2016, included in C1’s Quarterly Report onForm 10-Q for the quarter ended March 31, 2016.

Unaudited Pro Forma Combined Consolidated Balance Sheet

As of March 31, 2016

							C&S						C1
	Ozarks			C&S			Pro forma			C1			Pro forma			Pro forma
	Historical			Historical			Adjustments			Historical			Adjustments			Combined
	(Dollars in thousands)
Assets
Cash and due from banks	$	616,508		$	166,832		$	—		$	183,746		$	—		$	967,086
Federal funds sold and interest earning assets		6,253			—			—			—			—			6,253
Cash and cash equivalents		622,761			166,832			—			183,746			—			973,339
Investment securities		627,946			519,978			3,617	(b)		11,532			—			1,163,073
Non-purchased loans and leases		7,591,339			2,548,746			(2,548,746	)(c)		1,454,141			(1,454,141	)(B)		7,591,339
Purchased loans		1,678,351			580,210			2,548,746	(c)		—			1,454,141	(B)		6,146,240
								(72,719	)(d)					(42,489	)(C)
Allowance for loan and lease losses		(61,760	)		(39,946	)		39,946	(e)		(8,146	)		8,146	(D)		(61,760	)
Net loans		9,207,930			3,089,010			(32,773	)		1,445,995			(34,343	)		13,675,819
Premises and equipment, net		299,850			74,795			29,400	(f)		64,570			(14,492	)(E)		454,123
Foreclosed assets		22,248			7,870			(555	)(d)		27,557			(140	)(C)		56,980
Accrued interest receivable		33,327			9,633			—			4,710			—			47,670
Bank owned life insurance		345,288			85,710			—			37,531			—			468,529
Goodwill		125,693			44,514			(44,514	)(g)		249			(249	)(F)		727,642
								370,603	(g)					231,346	(F)
Other intangible assets, net		25,172			13,350			(13,350	)(h)		643			(643	)(G)		80,975
								42,671	(h)					13,132	(G)
Deferred income taxes		76,085			35,350			2,413	(i)		607			22,983	(H)		137,438
Other, net		41,119			25,179			(2,023	)(j)		9,931			(2,761	)(I)		71,445
Total assets	$	11,427,419		$	4,072,221		$	355,489		$	1,787,071		$	214,833		$	17,857,033
Liabilities and Stockholders’ Equity
Deposits:
Demand non-interest bearing	$	1,621,811		$	509,132		$	—		$	379,464					$	2,510,407
Savings and interest bearing transaction		4,935,235			1,618,458			—			674,696						7,228,389
Time		3,069,779			1,447,938			13,725	(k)		290,686			3,225	(J)		4,825,353
Total deposits		9,626,825			3,575,528			13,725			1,344,846			3,225			14,564,149
Repurchase agreements		65,883			—			—			—						65,883
Other borrowings		41,933			—			—			229,000			4,614	(K)		275,547
Subordinated debentures		117,823			—			—			—						117,823
Accrued interest payable and other liabilities		63,705			19,417			19,445	(l)		7,594			10,100	(L)		120,261
Total liabilities		9,916,169			3,594,945			33,170			1,581,440			17,939			15,143,663
Stockholders’ equity:
Common stock		907			369			208	(a)		16,101			101	(A)		1,216
								(369	)(m)					(16,101	)(M)
Additional paid-in capital		752,029			375,345			799,387	(a)		148,122			402,424	(A)		1,953,840
								(375,345	)(m)					(148,122	)(M)
Retained earnings		744,713			98,010			(98,010	)(m)		41,408			(41,408	)(M)		744,713
Accumulated other comprehensive income		10,431			3,552			(3,552	)(m)		—			—			10,431
Total stockholders’ equity before noncontrolling interest		1,508,080			477,276			322,319			205,631			196,894			2,710,200
Noncontrolling interest		3,170			—			—			—			—			3,170
Total stockholders’ equity		1,511,250			477,276			322,319			205,631			196,894			2,713,370
Total liabilities and stockholders’ equity	$	11,427,419		$	4,072,221		$	355,489		$	1,787,071		$	214,833		$	17,857,033

Unaudited Pro Forma Combined Consolidated Income Statement

For the Three Months Ended March 31, 2016

						C&S						C1
	Ozarks			C&S		Pro forma			C1			Pro forma			Pro forma
	Historical			Historical		Adjustments			Historical			Adjustments			Combined
Interest income:
Loans and leases, including purchased loans	$	116,033		$	41,786	$	3,078	(n)	$	20,495		$	1,039	(N)	$	182,431
Investment securities		5,702			3,283		—			3			—			8,988
Other		6			182		—			286			—			474
Total interest income		121,741			45,251		3,078			20,784			1,039			191,893
Interest expense:
Deposits		7,850			5,040		(808	)(o)		1,521			(195	)(O)		13,408
Repurchase agreements		19			—		—			—						19
Other borrowings		302			—		—			1,030			(314	)(P)		1,018
Subordinated debentures		1,053			—		—			—			—			1,053
Total interest expense		9,224			5,040		(808	)		2,551			(509	)		15,498
Net interest income		112,517			40,211		3,886			18,233			1,548			176,395
Provision for loan and lease losses		2,017			1,664		—			(561	)		—			3,120
Net interest income after provision		110,500			38,547		3,886			18,794			1,548			173,275
Non-interest income
Service charges on deposit accounts		7,657			3,202		—			619			—			11,478
Mortgage lending income		1,284			447		—			—			—			1,731
Trust income		1,507			—		—			—			—			1,507
Bank owned life insurance income		2,861			670		—			256			—			3,787
Other income from purchased loans, net		3,052			2,299		—			—			—			5,351
Net gains (losses) on investment securities		—			—		—			—			—			—
Gains (losses) on sales of other assets		1,027			—		—			506			—			1,533
Other		2,477			1,426		—			341			—			4,244
Total non-interest income		19,865			8,044		—			1,722			—			29,631
Non-interest expense:
Salaries and employee benefits		23,362			11,982		—			5,386			—			40,730
Net occupancy and equipment		8,531			3,214		395	(p)		1,955			(97	)(Q)		13,998
Other operating expenses		15,793			9,661		1,524	(q)		5,257			618	(R)		32,853
Total non-interest expenses		47,686			24,857		1,919			12,598			521			87,581
Income before taxes		82,679			21,734		1,967			7,918			1,027			115,325
Provision for income taxes		30,984			7,834		768	(r)		3,268			401	(S)		43,255
Net income (loss)		51,695			13,900		1,199			4,650			626			72,070
Net income attributable to noncontrolling interest		(7	)		—		—			—			—			(7	)
Net income available to common stockholders	$	51,688		$	13,900	$	1,199		$	4,650		$	626		$	72,063
Basic earnings per common share:
Earnings (loss) per share	$	0.57		$	0.38				$	0.29					$	0.59
Weighted average shares outstanding (thousands)		90,687			36,969					16,101						121,621
Diluted earnings per common share:
Earnings (loss) per share	$	0.57		$	0.34				$	0.29					$	0.59
Weighted average shares outstanding (thousands)		91,251			40,909					16,101						122,185

Unaudited Pro Forma Combined Consolidated Income Statement

For the Year Ended December 31, 2015

						C&S					C1
	Ozarks			C&S		Pro forma			C1		Pro forma			Pro forma
	Historical			Historical		Adjustments			Historical		Adjustments			Combined
Interest income:
Loans and leases, including purchased loans	$	379,383		$	150,343	$	20,342	(n)	$	76,861	$	8,477	(N)	$	635,406
Investment securities		30,295			13,366		—			12					43,673
Other		41			432		—			866					1,339
Total interest income		409,719			164,141		20,342			77,739		8,477			680,418
Interest expense:
Deposits		17,716			16,859		(6,772	)(o)		5,684		(1,508	)(O)		31,979
Repurchase agreements		76			—		—			—					76
Other borrowings		6,111			1,472		—			3,895		(1,466	)(P)		10,012
Subordinated debentures		3,665			—		—			—		—			3,665
Total interest expense		27,568			18,331		(6,772	)		9,579		(2,974	)		45,732
Net interest income		382,151			145,810		27,114			68,160		11,451			634,686
Provision for loan and lease losses		19,415			11,582		—			1,118		—			32,115
Net interest income after provision		362,736			134,228		27,114			67,042		11,451			602,571
Non-interest income
Service charges on deposit accounts		28,698			11,977		—			2,383		—			43,058
Mortgage lending income		6,817			342		—			—		—			7,159
Trust income		5,903			—		—			—		—			5,903
Bank owned life insurance income		10,084			2,616		—			893		—			13,593
Other income from purchased loans, net		26,126			2,007		—			—		—			28,133
Net gains (losses) on investment securities		5,481			708		—			—		—			6,189
Gains (losses) on sales of other assets		14,753			3,281		—			4,551		—			22,585
Other		7,153			4,258		—			1,974		—			13,385
Total non-interest income		105,015			25,189		—			9,801		—			140,005
Non-interest expense:
Salaries and employee benefits		87,953			51,271		—			22,192		—			161,416
Net occupancy and equipment		31,248			12,155		1,580	(p)		8,296		(390	)(Q)		52,889
Other operating expenses		71,781			59,678		6,096	(q)		20,884		2,472	(R)		160,911
Total non-interest expenses		190,982			123,104		7,676			51,372		2,082			375,216
Income before taxes		276,769			36,313		19,438			25,471		9,369			367,360
Provision for income taxes		94,455			11,664		7,587	(r)		11,128		3,657	(S)		128,491
Net income (loss)		182,314			24,649		11,851			14,343		5,712			238,869
Net income attributable to noncontrolling interest		(61	)		—		—			—		—			(61	)
Net income available to common stockholders	$	182,253		$	24,649	$	11,851		$	14,343	$	5,712		$	238,808
Basic earnings per common share:
Earnings (loss) per share	$	2.10		$	0.67				$	0.89				$	2.03
Weighted average shares outstanding (thousands)		86,785			36,949					16,101					117,719
Diluted earnings per common share:
Earnings (loss) per share	$	2.09		$	0.60				$	0.89				$	2.02
Weighted average shares outstanding (thousands)		87,348			40,892					16,101					118,282

Notes to Unaudited Pro Forma Combined Consolidated Financial Information

As of and for the Three Months Ended March 31, 2016

And for the Year Ended December 31, 2015

(a) This represents the estimated C&S merger consideration of $799.6 million, consisting of 100% common stock. It is assumed that 20.8 million shares of Ozarks’ $0.01 par value common stock are issued based on the closing price of $38.41 per share which was the closing price of Ozarks’ common stock on June 9, 2016, the latest practicable trading day before filing of pro forma financial information. The following table is a sensitivity analysis of the potential merger consideration based on changes in the price of Ozarks’ common stock for purposes of determining the exchange ratio for this transaction.

Change in Average Closing Price	Average Closing Price			Exchange Ratio			No. shares to be Issued			Approximate Transaction Value
40%	$	53.77			0.3813			14,870,652		$	799,595,000
30%	$	49.93			0.4106			16,014,320		$	799,595,000
20%	$	46.09			0.4448			17,348,557		$	799,595,000
10%	$	42.25			0.4852			18,925,325		$	799,595,000
0%	$	38.41			0.5337			20,817,365		$	799,595,000
-10%	$	34.57			0.5930			23,129,736		$	799,595,000
-20%	$	30.73	(1)		0.6012	(1)		23,448,533	(1)	$	720,573,000	(1)
-30%	$	26.89	(1)		0.6012	(1)		23,448,533	(1)	$	630,531,000	(1)
-40%	$	23.05	(1)		0.6012	(1)		23,448,533	(1)	$	540,489,000	(1)

⁽¹⁾  The C&S merger agreement stipulates a minimum price of $34.10 per share and a maximum price of $56.84 per share to be used for purposes of calculating the exchange ratio. Accordingly, to the extent the volume-weighted average price of Ozarks common stock exceeds $56.84 per share, the total transaction value will increase although the aggregate number of shares issued will remain fixed, based on that volume-weighted average price. Conversely, to the extent the volume-weighted average price of Ozarks common stock is less than $34.10 per share, the total transaction value will decrease although the aggregate number of shares issued will remain fixed, based on that volume-weighted average price.

(b) Includes Ozarks’ estimate to adjust C&S’ held-to-maturity investment securities portfolio to estimated fair value.

(c) This adjustment is to reclassify the non-purchased loans and leases to purchased loans and leases.

(d) Includes Ozarks’ estimate of the necessary write-down of C&S’ loan portfolio and foreclosed assets to estimated fair value. The estimated purchase accounting adjustment for the acquired loan portfolio is comprised of approximately $38.1 million of non-accretable credit adjustments, approximately $94.6 million of accretable interest rate adjustments and $60.0 million of reversals of C&S discounts and net deferred fees. The estimated purchase accounting adjustment of approximately $0.6 million for the acquired foreclosed assets consists entirely of non-accretable adjustments. Subsequent to the completion of the C&S merger transaction, Ozarks will finalize its determination of the fair values of the acquired loans and the acquired foreclosed assets which could significantly change both the amount and the composition of these estimated purchase accounting adjustments.

(e) Includes the elimination of C&S’ allowance for loan losses.

(f) Includes the estimated fair value adjustment of C&S’ premises and equipment, including the write-down of certain leasehold improvements, signage and computer equipment. Prior to the completion of the C&S merger transaction, Ozarks will obtain independent third party appraisals of all significant premises and equipment owned by C&S. Such appraisals could result in further adjustments to the carrying values of the acquired premises and equipment.

(g) This adjustment represents the estimated purchase price allocation for C&S, assuming the transaction closed on March 31, 2016, and is calculated as follows (in thousands):

Total purchase price	$	799,595
Less: equity at book value		(477,276	)
Elimination of allowance for loan losses		(39,946	)
Current and deferred taxes		(2,413	)
Estimated transaction costs and contract buyouts		19,445
Reversal of previously recorded core deposit intangible		13,350
Reversal of previously recorded goodwill		44,514
Allocated to:
Investment securities - HTM		(3,617	)
Loans and foreclosed assets		73,274
Premises and equipment		(29,400	)
Core deposit intangible		(42,671	)
Other assets		2,023
Time deposits		13,725
Goodwill	$	370,603

(h) This adjustment includes Ozarks’ estimate of the core deposit intangible asset to be recorded, net of the elimination of previously recorded core deposit intangible. The actual amounts of such core deposit intangible asset will be determined at the completion of the C&S merger transaction.

(i) This adjustment includes current and deferred income tax assets and liabilities recorded to reflect the differences in the carrying values of the acquired assets and the assumed liabilities for financial reporting purposes and the cost basis for federal income tax purposes.

(j) Includes Ozarks’ estimate of the write-off of certain other assets to estimated fair value in the C&S merger transaction.

(k) Includes the estimated write-up of assumed time deposits in the C&S merger transaction to reflect a current market rate of interest.

(l) Includes the accrual of certain costs and contract buyouts expected to be incurred in connection with the C&S merger transaction.

Financial advisor fee	$	7,500
Estimated employment contract costs		6,500
Estimated contract termination costs		4,400
Estimated attorneys and accountants fees		500
Other transaction costs		545
Total costs	$	19,445

(m) This adjustment represents the elimination of the historical equity of C&S.

(n) Upon completion of the C&S merger transaction, Ozarks will evaluate the acquired loan portfolio to finalize the necessary credit and interest rate fair value adjustments. This adjustment includes Ozarks’ estimate of the expected accretion that would have been recorded in 2015 and the first three months of 2016 assuming the C&S merger transaction closed on January 1, 2015 and using a weighted average maturity of approximately 6.5 years. The estimated accretion adjustments, net of C&S’ discount and deferred fees, are approximately $20.3 million in year 1, approximately

$12.3 million in year 2, approximately $7.9 million in year 3, approximately $5.5 million in year 4, approximately $3.6 million in year 5 and approximately $15.5 million thereafter. Subsequent to the closing of the C&S merger transaction, the amount and timing of the estimated accretion of this purchase accounting adjustment could be revised significantly.

(o) Upon completion of the C&S merger transaction, Ozarks will evaluate the assumed time deposits to finalize the necessary fair value adjustment to reflect current interest rates for comparable deposits. This fair value adjustment will then be accreted into earnings as a reduction of the cost of such time deposits. This adjustment includes Ozarks’ estimate of the expected accretion that would have been recorded in 2015 and the first three months of 2016 assuming the C&S merger transaction closed on January 1, 2015 and using a weighted-average maturity of approximately 1.2 years. The estimated accretion adjustments are approximately $6.8 million in year 1, approximately $2.9 million in year 2, approximately $2.2 million in year 3, approximately $1.5 million in year 4, and approximately $0.3 million in year 5. Subsequent to the closing of the C&S merger transaction, the amount and timing of the estimated accretion of this purchase accounting adjustment could be revised significantly.

(p) This represents the increase in depreciation expense during 2015 and the first three months of 2016 related to the pro forma adjustment to premises and equipment from the C&S merger transaction, assuming the transaction closed on January 1, 2015.

(q) This represents the expected amortization during 2015 and the first three months of 2016 of the core deposit intangible expected to be acquired in the C&S merger transaction, assuming the transaction closed on January 1, 2015. The estimated useful lives of the acquired intangible asset is estimated to be seven years.

(r) This represents income tax expense on the pro forma adjustments at Ozarks’ statutory federal and state income tax rate of 39.03%.

(A) This represents the estimated C1 merger consideration of $402.5 million, consisting of 100% common stock. It is assumed that 10.1 million shares of Ozarks’ $0.01 par value common stock are issued based on the closing price of $38.41 per share which was the closing price of Ozarks’ common stock on June 9, 2016, the latest practicable trading day before filing of this pro forma financial information. The following table is a sensitivity analysis of the potential merger consideration based on changes in the price of Ozarks’ common stock for purposes of determining the exchange ratio for this transaction.

Change in Average Closing Price	Average Closing Price			Exchange Ratio			No. shares to be Issued			Approximate Transaction Value
40%	$	53.77			0.4649			7,486,051		$	402,525,000
30%	$	49.93			0.5007			8,061,786		$	402,525,000
20%	$	46.09			0.5424			8,733,456		$	402,525,000
10%	$	42.25			0.5917			9,527,218		$	402,525,000
0%	$	38.41	(1)		0.6283	(1)		10,116,235	(1)	$	388,565,000	(1)
-10%	$	34.57	(1)		0.6283	(1)		10,116,235	(1)	$	349,718,000	(1)
-20%	$	30.73	(1)		0.6283	(1)		10,116,235	(1)	$	310,872,000	(1)
-30%	$	26.89	(1)		0.6283	(1)		10,116,235	(1)	$	272,026,000	(1)
-40%	$	23.05	(1)		0.6283	(1)		10,116,235	(1)	$	233,179,000	(1)

⁽¹⁾  The C1 merger agreement stipulates a minimum price of $39.79 per share and a maximum price of $66.31 per share to be used for purposes of calculating the exchange ratio. Accordingly, to the extent the average price of Ozarks common stock exceeds $66.31 per share, the total transaction value will increase although the aggregate number of shares issued will remain fixed, based on that average price. Conversely, to the extent the average price of Ozarks common stock is less than $39.79 per share, the total transaction value will decrease although the aggregate number of shares issued will remain fixed, based on that average price.

(B) This adjustment is to reclassify the non-purchased loans and leases to purchased loans and leases.

(C) This adjustment represents Ozarks’ estimate of the necessary write-down of C1’s loan portfolio and foreclosed assets to estimated fair value. The estimated purchase accounting adjustment for the acquired loan portfolio is comprised of approximately $16.2 million of non-accretable credit adjustments, approximately $37.0 million of accretable interest rate adjustments and partially offset by the elimination of $10.7 million of C1 discounts and net deferred fees. The estimated purchase accounting adjustment of approximately $0.1 million for the acquired foreclosed assets consists entirely of non-accretable adjustments. Subsequent to the completion of the C1 merger transaction, Ozarks will finalize its determination of the fair values of the acquired loans and the acquired foreclosed assets which could significantly change both the amount and the composition of these estimated purchase accounting adjustments.

(D) This adjustment represents the elimination of C1’s allowance for loan losses.

(E) This adjustment represents the estimated fair value adjustment of C1’s premises and equipment, including the write-down of certain leasehold improvements, signage and computer equipment. Prior to the completion of the C1 merger transaction, Ozarks will obtain independent third party appraisals of all significant premises and equipment owned by C1. Such appraisals could result in further adjustments to the carrying values of the acquired premises and equipment.

(F) This adjustment represents the estimated purchase price allocation for C1, assuming the transaction closed on March 31, 2016, and is calculated as follows (in thousands):

Total purchase price	$	402,525
Less: equity at book value		(205,631	)
Elimination of allowance for loan losses		(8,146	)
Current and deferred taxes		(22,983	)
Estimated transaction costs and contract buyouts		10,100
Elimination of previously recorded core deposit intangible		643
Elimination of previously recorded goodwill		249
Allocated to:
Loans and foreclosed assets		42,629
Premises and equipment		14,492
Core deposit and other intangibles		(13,132	)
Other assets		2,761
Time deposits		3,225
Other borrowings		4,614
Goodwill	$	231,346

(G) This adjustment includes Ozarks’ estimate of the core deposit and other intangible assets to be recorded, net of the elimination of previously recorded core deposit intangible. The actual amounts of such core deposit and other intangible assets will be determined at the completion of the C1 merger transaction.

(H) This adjustment includes current and deferred income tax assets and liabilities recorded to reflect the differences in the carrying values of the acquired assets and the assumed liabilities for financial reporting purposes and the cost basis for federal income tax purposes.

(I) This adjustment represents the write down of certain other assets to estimated fair value.

(J) This adjustment represents the estimated write-up of assumed time deposits to reflect a current market rate of interest.

(K) This adjustment represents the estimated write-up of assumed other borrowings to reflect a current market rate of interest.

(L) This adjustment represents the accrual of certain costs and contract buyouts expected to be incurred in connection with the merger transaction. The details of such costs and contract buyouts are as follows (in thousands):

Financial advisor fee	$	5,000
Estimated employment contract costs		3,850
Estimated contract termination costs		850
Estimated attorneys and accountants fees		100
Other transaction costs		300
Total costs	$	10,100

(M) This adjustment represents the elimination of the historical equity of C1.

(N) Upon completion of the C1 merger transaction, Ozarks will evaluate the acquired loan portfolio to finalize the necessary credit and interest rate fair value adjustments. This adjustment includes Ozarks’ estimate of the expected accretion that would have been recorded in 2015 and the first three months of 2016 assuming the C1 merger transaction closed on January 1, 2015 and using a weighted average maturity of approximately 6.9 years. The estimated accretion adjustments, net of C1’s discounts and deferred fees, are approximately $8.5 million in year 1, approximately $4.2 million in year 2, approximately $3.1 million in year 3, approximately $2.0 million in year 4, approximately $1.5 million in year 5 and approximately $10.3 million thereafter. Subsequent to the closing of the C1 merger transaction, the amount and timing of the estimated accretion of this purchase accounting adjustment could be revised significantly.

(O) Upon completion of the C1 merger transaction, Ozarks will evaluate the assumed time deposits to finalize the necessary fair value adjustment to reflect current interest rates for comparable deposits. This fair value adjustment will then be accreted into earnings as a reduction of the cost of such time deposits. This adjustment includes Ozarks’ estimate of the expected accretion that would have been recorded in 2015 and the first three months of 2016 assuming the C1 merger transaction closed on January 1, 2015 and using a weighted-average maturity of approximately 1.1 years. The estimated accretion adjustments are approximately $1.5 million in year 1, approximately $0.6 million in year 2, approximately $0.5 million in year 3, approximately $0.3 million in year 4, and approximately $0.1 million in year 5 and $0.2 million thereafter. Subsequent to the closing of the C1 merger transaction, the amount and timing of the estimated accretion of this purchase accounting adjustment could be revised significantly.

(P) This adjustment represents the amount of accretion on other borrowings assumed from C1 that would have been recorded in 2015 and the first three months of 2016 assuming the transaction closed on January 1, 2015. The estimated accretion adjustments are approximately $1.5 million in year 1, approximately $1.3 million in year 2, approximately $1.0 million in year 3, approximately $0.6 million in year 4, and approximately $0.1 million in year 5 and $0.1 million thereafter.

(Q) This represents the decrease in depreciation expense during 2015 and the first three months of 2016 related to the pro forma adjustment to premises and equipment from the C1 merger transaction, assuming the transaction closed on January 1, 2015.

(R) This represents the expected amortization during 2015 and the first three months of 2016 of the core deposit and other intangible assets expected to be acquired in the C1 merger transaction, assuming the transaction closed on January 1, 2015. The estimated useful life of the core deposit intangible is estimated to be six years and the estimated useful life of other intangibles is estimated to be three years.

(S) This represents income tax expense on the pro forma adjustments at Ozarks’ statutory federal and state income tax rate of 39.03%.