Midsouth Bancorp (MSL) 8-K/A Completion of Acquisition or Disposition of Assets

EXHIBIT 99.2

PSB Financial Corp

Unaudited Combined Consolidated Balance Sheet

(in thousands)

	September 30, 2012
Assets
Cash and due from banks	$	22,348
Federal funds sold		5,800
Time Deposits in other banks		0
Securities available-for-sale		162,849
Securities held-to-maturity		-
Other investments		2,489
Loans		269,684
Allowance for loan losses		(3,580	)
Loans, net of allowance		266,104
Bank premises and equipment, net		11,834
Accrued interest receivable		2,055
Goodwill		3,364
Other assets		16,586
Total Assets	$	493,429
Liabilities and Stockholders' Equity
Liabilities:
Deposits	$	402,995
Notes payable		27,483
Securities sold under repurchase agreements		1,085
Junior subordinated debenture		13,919
Other liabilities		7,667
Total liabilities		453,149
Stockholders' Equity:
Preferred stock		9,603
Common stock		720
Additional paid-in-capital		477
Unearned ESOP shares		(173	)
Accumulated other comprehensive income		3,245
Treasury stock		-
Retained earnings		26,408
Total stockholders' equity		40,280
Total Liabilities and Stockholders' Equity	$	493,429

PSB Financial Corp

Unaudited Combined Consolidated Statement of Operations

(in thousands)

	September 30, 2012
Interest income:
Loans, including fees	$	11,003
Investments		3,208
Federal funds sold		13
Interest bearing deposits in other banks		37
Total interest income		14,261
Interest expense:
Deposits		1,675
Other borrowings		559
Junior subordinated debentures		401
Total interest expense		2,635
Net interest income		11,626
Provision for loan losses		154
Net interest income after provision for loan losses		11,472
Non-interest income:
Service charges on deposits		1,492
Gain or loss on securities, net		(194	)
Other charges and fees		1,072
Total non-interest income		2,370
Non-interest expenses:
Salaries and employee benefits		5,425
Occupancy expense		1,449
FDIC Insurance		229
Other		3,870
Total non-interest expenses		10,973
Income before income taxes		2,869
Provision for income taxes		703
Net earnings	$	2,166
Dividends on preferred stock		146
Net earnings available to common shareholders	$	2,020