Summary of SP BANCORP, INC.

Submission of Matters to a Vote of Security Holders, Financial Statements and Ex

Item 5.07 Submission of Matters to a Vote of Security Holders.

On May 17, 2012, SP Bancorp, Inc. (the "Company") held its Annual Meeting of Stockholders. At the Annual Meeting, stockholders considered the election of directors, the approval of the SP Bancorp, Inc. 2012 Equity Incentive Plan and the ratification of independent registered public accountants. On March 31, 2012, the record date, there were 1,716,800 shares of the Company's common stock outstanding and entitled to be cast and of these outstanding shares 1,368,215 shares voted. A breakdown of the votes cast is set forth below.

1. The election as director of the nominees listed below to serve for a three-year term

                                                    Broker
                         For        Withheld      Non-Votes

P. Stan Keith           982,276        10,425        375,514

Lora J. Villarreal      979,751        12,950        375,514

Jeffrey B. Williams     979,876        12,825        375,515

2. The approval of the SP Bancorp, Inc. 2012 Equity Incentive Plan.

                    Broker
  For     Against   Abstain   Non-Votes
857,821   134,580     300        n/a

3. The ratification of the appointment of McGladrey & Pullen, LLP as our independent registered public accountants for the year ending December 31, 2012.

For Against Abstain
1,336,984 30,881 350

The information in the preceding paragraph, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.

Item 9.01. Financial Statements and Exhibits.

(a) Financial Statements of Businesses Acquired. Not Applicable.

(b) Pro Forma Financial Information. Not Applicable.

(d) Exhibits None.