FIRST GTY BANCSHARES INC

Ticker: FGBI CUSIP: 32043P106 Class: Equities

Cutler Capital Management, LLC's Holding History (CIK: 0001353098)

Note: Option positions (PUT/CALL) are excluded.

Q1 2017

Shares 75,300 Value ($000) $1,822 Avg Close $13.59 Range $12.19 - $14.68

Q4 2016

Shares 78,943 Value ($000) $1,889 Avg Close $10.76 Range $8.84 - $13.74

Q3 2016

Shares 89,400 Value ($000) $1,452 Avg Close $9.01 Range $8.65 - $9.26

Q2 2016

Shares 87,400 Value ($000) $1,398 Avg Close $8.78 Range $8.41 - $9.24

Q1 2016

Shares 51,983 Value ($000) $805 Avg Close $9.03 Range $7.97 - $10.78

Q4 2015

Shares 52,288 Value ($000) $980 Avg Close $10.82 Range $9.48 - $11.78

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	75,300	$1,822	$13.59	$12.19 - $14.68
Q4 2016	78,943	$1,889	$10.76	$8.84 - $13.74
Q3 2016	89,400	$1,452	$9.01	$8.65 - $9.26
Q2 2016	87,400	$1,398	$8.78	$8.41 - $9.24
Q1 2016	51,983	$805	$9.03	$7.97 - $10.78
Q4 2015	52,288	$980	$10.82	$9.48 - $11.78