 4Q09 Earnings Conference Call Supplemental Materials January 27, 2009 Exhibit 99.2 |
 2 Forward Looking Statements Forward Looking Statements Safe Harbor Safe Harbor Statements contained in this presentation which are Statements contained in this presentation which are not historical facts and which pertain to future not historical facts and which pertain to future operating results of IBERIABANK Corporation and its operating results of IBERIABANK Corporation and its subsidiaries constitute “forward-looking statements” subsidiaries constitute “forward-looking statements” within the meaning of the Private Securities Litigation within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking Reform Act of 1995. These forward-looking statements involve significant risks and uncertainties. statements involve significant risks and uncertainties. Actual results may differ materially from the results Actual results may differ materially from the results discussed in these forward-looking statements. discussed in these forward-looking statements. Factors that might cause such a difference include, Factors that might cause such a difference include, but are not limited to, those discussed in the but are not limited to, those discussed in the Company’s periodic filings with the SEC. Company’s periodic filings with the SEC. |
 3 Introductory Comments |
 4 Introductory Comments Introductory Comments Summary - Summary - Position Position Favorable Balance Sheet Composition Favorable Balance Sheet Composition Very Balanced; Core Funded; Low C&D Exposure Very Balanced; Core Funded; Low C&D Exposure Continued Good Asset Quality; Extraordinary Capital Continued Good Asset Quality; Extraordinary Capital Favorable Interest Rate And Credit Risk Positioning Favorable Interest Rate And Credit Risk Positioning $20 $20 Million Unrealized Gain In Investment Portfolio, Million Unrealized Gain In Investment Portfolio, Excluding Acquisitions (down from $29 Excluding Acquisitions (down from $29 million) million) Future Growth Engines in Multiple Markets Future Growth Engines in Multiple Markets Strategic Strategic Recruiting Recruiting Continued Continued During During The The 4 4 Quarter Quarter We Avoided What Ails The Banking Industry We Avoided What Ails The Banking Industry Remain Well Positioned For Future Opportunities Remain Well Positioned For Future Opportunities th th |
       Corporate Overview Year-End 2009 Deposit Market Share as of June 30, 2009 Source: SNL Financial Map Reflects Locations as of January 27, 2010 NASDAQ Traded IBKC Headquarters Lafayette, LA Founded 1887 Market Cap Locations 209 FTE’s 1,863 Asset Size Deposits Loans Clients 216,000 Arkansas 36 Branches $964 mm deposits #12 Rank 33 Non-bank Offices Texas 2 Branches Opened in 2009 Not Yet Ranked 3 Non-bank Offices Louisiana 51 Branches $3.14 bil deposits #5 Rank 22 Non-bank Offices Alabama 10 Branches $411 mm deposits #23 Rank 4 Non-bank Offices Florida 35 Branches $2.96 bil deposits #20 Rank 1 Non-bank Office Tennessee 2 Branches $101 mm deposits #145 Rank 1 Non-bank Office Subsidiaries IBERIABANK IBERIABANK fsb Lenders Title $ 1.2 Billion $ 9.7 Billion $ 7.6 Billion $ 5.8 Billion |
 6 Introductory Comments Introductory Comments Annual Change In Stock Price Annual Change In Stock Price Source: Bloomberg data through December 31, 2009 |
 7 Introductory Comments Introductory Comments Last 12 Months Price Change By Index Last 12 Months Price Change By Index Source: SNL Through January 19, 2010 Source: SNL Through January 19, 2010 (30.0) (20 .0) (10.0) - 10 .0 20 .0 30.0 40.0 50 .0 60 .0 70.0 80.0 SNL Micro Cap Bank SNL Bank $ 1B-$5B SNL Bank < $ 250 M SNL Small Cap Bank SNL Bank < $ 500M SNL Bank $250M-$500M SNL Bank $500 M-$1B NASDAQ Bank SNL Bank $5B-$10B SNL Midwest Bank SNL Mid Cap Bank NASDAQ Finl SNL New England Bank SNL Southwest Bank S&P 500 Russell 3000 NYSE S&P Small-Cap Russell 2000 S&P Bank SNL Western Bank S&P Mid-Cap SNL All Financial Institutions SNL Bank IBKC KBW Bank NASDAQ SNL Mid-Atlantic Bank SNL Bank > $ 10B S&P Financials SNL TARP Participants SNL Large Cap Bank SNL Southeast Bank + 49 % |
 8 Introductory Comments Introductory Comments 3 Years Price Change By Index 3 Years Price Change By Index Source: SNL Through January 19, 2010 Source: SNL Through January 19, 2010 (80.0) (70 .0) (60.0) (50.0) (40 .0) (30.0) (20.0) (10.0) - SNL Southeast Bank S&P Bank SNL Mid Cap Bank SNL Micro Cap Bank SNL Bank < $ 250 M KBW Bank SNL TARP Participants S&P Financials SNL Bank < $ 500 M SNL Bank > $ 10 B SNL Bank $ 250M-$500M SNL Mid-Atlantic Bank SNL Bank SNL Bank $ 1B-$5B SNL Midwest Bank SNL Small Cap Bank SNL Large Cap Bank SNL Bank $ 500M-$1B SNL All Financial Institutions NASDAQ Bank SNL Bank $ 5 B-S10 B SNL Southwest Bank SNL New England Bank NASDAQ Finl SNL Western Bank S&P 500 NYSE Russell 3000 Russell 2000 S&P Small-Cap S&P Mid-Cap NASDAQ IBKC -2% |
 9 Introductory Comments Introductory Comments Strategic Goals & Priorities Strategic Goals & Priorities • • Double-Digit Annual EPS Growth Double-Digit Annual EPS Growth • • ROTE Of 23% - ROTE Of 23% - 25% 25% • • Bank Tangible Efficiency < 50% Bank Tangible Efficiency < 50% • • Top Quartile Asset Quality Top Quartile Asset Quality • • Develop Memphis, Mobile & Houston Develop Memphis, Mobile & Houston • • Deepen Share In Little Rock, Baton Rouge, Deepen Share In Little Rock, Baton Rouge, New Orleans, And Shreveport New Orleans, And Shreveport • • Expand Investment Management Business Expand Investment Management Business • • Provide Depth For Unusual Opportunities Provide Depth For Unusual Opportunities • • Grind Our Way Through The Credit Cycle Grind Our Way Through The Credit Cycle Strategic Strategic Goals Goals 18-Month 18-Month Priorities Priorities |
 10 Financial Overview |
 11 Introductory Comments Introductory Comments Summary – Summary – 4Q09 and 12/31/09 4Q09 and 12/31/09 T/E Net Interest Income Up $17.2mm (+41%) T/E Net Interest Income Up $17.2mm (+41%) Credit Quality Statistics Excluding FDIC Covered Assets: Credit Quality Statistics Excluding FDIC Covered Assets: NPA/Assets = 0.91% (0.93% in 3Q09) NPA/Assets = 0.91% (0.93% in 3Q09) 30+ Days Past Due = 1.67 % (1.32% in 3Q09) 30+ Days Past Due = 1.67 % (1.32% in 3Q09) Loan Loss Reserve/Loans = 1.36% (1.24% in 3Q09) Loan Loss Reserve/Loans = 1.36% (1.24% in 3Q09) Net COs/Avg Net COs/Avg Loans = 0.18% (2.26% in 3Q09) Loans = 0.18% (2.26% in 3Q09) Provision = $9mm ($25 in 3Q09) Provision = $9mm ($25 in 3Q09) $170 mm FAS 141R Acquisition Gains ($58 mm in 3Q09) $170 mm FAS 141R Acquisition Gains ($58 mm in 3Q09) $ 0.8mm Investment Sale Gains in 4Q09 ($0.0mm Gain in 3Q09) $ 0.8mm Investment Sale Gains in 4Q09 ($0.0mm Gain in 3Q09) Goodwill Impairment Of $9.7 mm in 4Q09 Goodwill Impairment Of $9.7 mm in 4Q09 One-Time Acquisition Merger Related Costs = $7.9 mm ($0.6 in One-Time Acquisition Merger Related Costs = $7.9 mm ($0.6 in 3Q09) 3Q09) EPS = $5.23, Up 332% EPS = $5.23, Up 332% |
 12 Financial Overview Financial Overview Favorable Balance Sheet Growth Favorable Balance Sheet Growth 4Q09 Results 4Q09 Results • • Loans +$1,486mm, +35% Loans +$1,486mm, +35% • • Deposits +$2,780mm +58% Deposits +$2,780mm +58% • • Loan/Deposits = 82% Loan/Deposits = 82% • • Equity = +$104mm, +12% Equity = +$104mm, +12% • • Equity/Assets = 11.24% Equity/Assets = 11.24% • • Tier 1 Leverage = 9.90% Tier 1 Leverage = 9.90% • • Div Payout = 6.5% Div Payout = 6.5% • • ROA = 5.29% ROA = 5.29% • • ROE = 46.94% ROE = 46.94% • • ROTE = 66.26% ROTE = 66.26% • Efficiency Ratio = 30% Efficiency Ratio = 30% • • Tang Eff. Ratio = 29% Tang Eff. Ratio = 29% • • BV/Share = $46.04 BV/Share = $46.04 • • Tang BV/Share = $33.53 Tang BV/Share = $33.53 Quarterly Averages Annual Average Balances $600 $1,000 $1,400 $1,800 $2,200 $2,600 $3,000 $3,400 $3,800 $4,200 $4,600 $5,000 $5,400 - -1% 20% 17% 17% 22% 34% 1% 3% 7% 4% 13% 15% 12% 17% 15% 14% 52% 43% 10% 12% 9% 5% 64% 95% 19% 20% 55% 89% $5,800 $6,200 $6,600 $7,000 $7,400 Loans Deposits |
 13 Financial Overview Organic and Acquired Growth Financial Overview Financial Overview Organic and Acquired Growth Organic and Acquired Growth ($ in thousands) Reported CapitalSouth 3Q09 Organic Reported Orion Century 4Q09 Organic Reported 6/30/2009 Acquisition * Growth 9/30/2009 Acquisition * Acquisition * Growth 12/31/2009 Assets Investments 1,023,388 46,027 26,404 1,095,819 230,968 22,128 231,922 1,580,837 Loans 3,829,326 366,788 102,298 4,298,412 961,094 417,561 107,298 5,784,365 Allowance (46,329) - (2,462) (48,791) - - (6,977) (55,768) OREO 17,352 9,556 (3,947) 22,961 28,505 21,150 1,475 74,091 Other Assets 878,890 188,152 31,924 1,098,966 1,141,120 351,170 (274,379) 2,316,877 Total Assets 5,702,627 610,523 154,217 6,467,367 2,361,687 812,009 59,339 9,700,402 Liabilities Deposits 4,172,895 517,153 85,685 4,775,733 1,883,087 615,815 281,513 7,556,148 L/T Borrowings 538,161 30,624 (42,679) 526,106 344,689 143,006 (267,937) 745,864 Total Liabilities 5,042,053 552,693 22,040 5,616,786 2,288,952 780,274 60,175 8,746,187 Equity 660,574 57,830 132,177 850,581 72,735 31,735 (836) 954,215 Liabs & Equity 5,702,627 610,523 154,217 6,467,367 2,361,687 812,009 59,339 9,700,402 * Unaudited. Derived from financial information furnished by the FDIC at acquisition. Subsequently revised to include fair value adjustments |
 14 Financial Overview Financial Overview Trends - Trends - Mortgage Interest Rates Mortgage Interest Rates Source: Bloomberg Source: Bloomberg Conforming Conforming Rates Rates Remain Low Remain Low Refi Refi Activity Activity Beginning To Beginning To Moderate Moderate Sales Sales Spreads Spreads Remain Remain Favorable Favorable Improved Improved Competitive Competitive Dynamics In Dynamics In Mortgage Mortgage Business Business Nov Feb May Aug Nov Feb May Aug Nov Feb May Aug Nov Feb May Aug Nov Feb May Aug Nov Feb May Aug Nov Feb May Aug Nov Feb May Aug Nov Feb May Aug Nov Feb May Aug Nov Feb May Aug Nov |
 15 Financial Overview Financial Overview Trends – Trends – Jumbo Mortgage Rates Jumbo Mortgage Rates Source: Bloomberg Source: Bloomberg Subprime Mtg. Subprime Mtg. Market Gone & Market Gone & Alt-A Market Is Alt-A Market Is Stalled Stalled Jumbo Spread Jumbo Spread Has Narrowed Has Narrowed Considerably Considerably Mix Of FHA/VA Mix Of FHA/VA & Conforming & Conforming Product Product In December, In December, 35% Of Our 35% Of Our Production Production Was FHA/VA Was FHA/VA And 51% Was And 51% Was Conventional Conventional |
 16 Financial Overview Financial Overview Mortgage Quarterly Revenues Mortgage Quarterly Revenues In 4Q09 Closed In 4Q09 Closed $351mm (+16% $351mm (+16% Vs. 3Q09) Vs. 3Q09) In 4Q09 Sold In 4Q09 Sold $335mm (-1% Vs. $335mm (-1% Vs. 3Q09) 3Q09) 3 3 Highest Highest Revenue Quarter Revenue Quarter In Company In Company History History 4Q09 Vs. 3Q09: 4Q09 Vs. 3Q09: 12% Increase In 12% Increase In Mtg. Revenues Mtg. Revenues $87mm Locked $87mm Locked Pipeline 1/22/10 Pipeline 1/22/10 |
 17 Financial Overview Title Insurance Qtrly Revenues Financial Overview Financial Overview Title Insurance Qtrly Title Insurance Qtrly Revenues Revenues Title & Mortgage Title & Mortgage Footprints Don’t Footprints Don’t Necessarily Necessarily Overlap Overlap 4Q09: $4.1mm In 4Q09: $4.1mm In Revenues (-11% Revenues (-11% Vs. 3Q09) Vs. 3Q09) FY 2009: FY 2009: $18.5mm In $18.5mm In Revenues (-3% Revenues (-3% Vs. 2008) Vs. 2008) Impairment Impairment Recorded in 4Q09 Recorded in 4Q09 Totaling $9.7 mm Totaling $9.7 mm |
  18 Financial Overview Financial Overview Quarterly Repricing Schedule Quarterly Repricing Schedule Excess Cash Methodically Being Deployed Excess Cash Methodically Being Deployed Favorable Repricing Opportunities Favorable Repricing Opportunities Excludes Orion Bank and Century Bank Acquisitions 1Q10 2Q10 3Q10 4Q10 1Q11 Cash Equivalents 125.8 $ - $ - $ - $ - $ 0.18% 0.00% 0.00% 0.00% 0.00% Investments 164.9 $ 122.2 $ 115.7 $ 84.9 $ 54.2 $ 2.68% 4.31% 3.96% 4.16% 4.64% Loans 2,019.9 $ 206.5 $ 178.5 $ 138.7 $ 125.7 $ 3.72% 6.22% 6.25% 6.65% 6.50% Time Deposits 440.4 $ 343.6 $ 325.5 $ 273.0 $ 148.5 $ 1.94% 2.02% 2.57% 2.16% 2.08% Borrowed Funds 408.9 $ 23.8 $ 37.6 $ 9.5 $ 39.5 $ 0.68% 5.29% 4.77% 4.72% 3.82% |
 19 Financial Overview Interest Rate Simulations Source: Bancware Source: Bancware Bancware model, as of December 31, 2009 model, as of December 31, 2009 As Rates Have Fallen, Become More Asset Sensitive As Rates Have Fallen, Become More Asset Sensitive Degree Is A Function Of The Reaction Of Competitors To Degree Is A Function Of The Reaction Of Competitors To Changes In Deposit Pricing Changes In Deposit Pricing Forward Curve Has A Positive Impact Over 12 Months Forward Curve Has A Positive Impact Over 12 Months Includes CapitalSouth loan balances without FDIC Loss Share Excludes Orion Bank and Century Bank Base Blue Forward Change In: -200 bp -100 bp Case +100 bp +200 bp Chip Curve Net Interest Income -8.4% -3.7% 0.0% 1.3% 3.9% -0.6% 1.1% Economic Value of Equity -5.4% -0.9% 0.0% -1.1% -3.3% -2.6% -4.5% |
 20 Asset Quality |
  21 Asset Quality Asset Quality Loan Portfolio Mix Loan Portfolio Mix % based on gross portfolio – excluding discounts on loans acquired in FDIC-assisted transactions Indicates Loan Discount Residential 7% Home Equity 7 % Credit Card 1% Automobile 0 % Indirect Automobile 4% Other Consumer 1% Business 16 % Commercial RE 22 % All Other Loans 1 % CapitalSouth Gross Loans = 7 %, Discount = 2 % Orion Gross Loans = 26%, Discount = 12% Century Gross Loans = 9 %, Discount = 4% CapitalSouth Orion Gross Loans = 26%, Century CapitalSouth Orion Gross Loans = 26%, Century $000s % of CRE % Loans C&D-IBERIABANK fsb 34,252 $ 2% 0% C&D-IBERIABANK 248,148 16% 4% CRE-Owner Occupied 583,970 38% 8% CRE-Non-Owner Occupied 667,801 44% 9% Total Commercial RE 1,534,171 $ 100% 22% |
  22 Asset Quality Asset Quality IBERIABANK fsb IBERIABANK fsb Builder Builder Exposure Exposure Development Lot House <100% House 100% Development House <100% House 100% Loans Loans Complete Complete Loans Lots Complete Complete Memphis Area 979 $ 1,575 $ - $ 1,100 $ 1 66 0 8 North Mississippi - - - 350 0 0 0 1 Little Rock 1,532 167 - 488 1 7 0 4 Northeast Ark. - 118 77 223 0 5 1 1 Northwest Ark. - 606 - 2,021 0 15 0 10 Total 2,511 $ 2,467 $ 77 $ 4,182 $ 2 93 1 24 On 9/30/09 3,253 $ 2,627 $ - $ 6,952 $ 2 92 1 39 % Of Total - 12/31/09 27% 27% 1% 45% 2% 78% 1% 20% % Of Total - 9/30/09 25% 20% 0% 54% 1% 69% 1% 29% By Dollar Amount ($000) Number % Balance Funded Loans Discounts & % Discounts & Balance Current 30-59 60-89 > 90 Nonaccrual Reserves Nonaccrual Reserves Builder Loans Memphis Area 3,655 $ 361 $ - $ - $ - $ 3,294 $ 341 $ 90.1% 9.33% North Mississippi 350 - - - - 350 50 100.0% 14.27% Little Rock 2,187 644 - - - 1,543 723 70.5% 33.06% Northeast Ark. 418 374 - - - 44 12 10.5% 2.97% Northwest Ark. 2,627 861 - - - 1,766 356 67.2% 13.55% Total 9,237 $ 2,241 $ - $ - $ - $ 6,996 $ 1,482 $ 75.7% 16.05% On 9/30/09 12,831 $ 7,965 $ 731 $ 180 $ - $ 3,955 $ 638 $ 30.8% 4.97% By Dollar Amount ($000) # Of Days Past Due Geographic Exposure # Of Loans $ Funded % Of Line Average Funded Committed Committed %Total Funded $ Funded Builder Loans Memphis Area 3,655 $ 3,659 $ 17 39.6% 100% 214,994 $ North Mississippi 350 350 1 3.8% 100% 349,597 $ Little Rock 2,187 2,196 10 23.7% 100% 218,730 $ Northeast Ark. 418 490 6 4.5% 85% 69,734 $ Northwest Ark. 2,627 2,815 23 28.4% 93% 114,196 $ Total 9,237 $ 9,510 $ 57 100.0% 97% 162,048 $ On 9/30/09 12,831 $ 12,859 $ 74 100.0% 100% 173,396 $ By Dollar Amount ($000) |
 23 Note: Excludes Covered Loans % Balance Funded Loans Discounts & % Discounts & Balance Current 30-59 60-89 > 90 Nonaccrual Reserves Nonaccrual Reserves Holding Co & Admin 284 $ - $ - $ - $ - $ 284 $ 1 $ 100.0% 0.28% Lafayette 47,756 47,282 120 225 95 34 677 0.1% 1.42% Community Bank 3,788 3,672 95 - - 21 31 0.5% 0.81% Baton Rouge 15,940 15,887 - - - 53 270 0.3% 1.69% New Orleans 89,073 88,774 94 - 105 100 1,025 0.1% 1.15% Northshore 17,071 16,919 - - - 153 514 0.9% 3.01% Regional Commercial South 18,657 18,657 - - - - 216 0.0% 1.16% Shreveport 14,596 14,596 - - - - 214 0.0% 1.47% NE Louisiana 1,672 1,633 - - - 38 14 2.3% 0.83% Regional Commercial North 29,753 29,753 - - - - 507 0.0% 1.70% Mortgage - RIC 9,559 7,523 - 407 1,055 574 35 6.0% 0.37% Total 248,148 $ 244,695 $ 309 $ 632 $ 1,255 $ 1,257 $ 3,504 $ 0.5% 1.41% On 9/30/09 225,875 $ 222,409 $ 931 $ 206 $ 362 $ 1,966 $ 2,804 $ 0.9% 1.24% By Dollar Amount ($000) # Of Days Past Due Construction & Development Loans (1A) <100% 100% <100% 100% Complete Complete Complete Complete Holding Co & Admin - $ 284 $ 0 1 Lafayette 5,906 41,850 19 134 Community Bank 518 3,269 2 126 Baton Rouge 2,935 13,004 11 35 New Orleans 21,200 67,873 9 60 Northshore 7,582 9,490 5 17 Regional Commercial South 350 18,307 4 2 Shreveport 4,902 9,694 3 10 NE Louisiana 225 1,447 3 43 Regional Commercial North 12,060 17,693 5 5 Mortgage - RIC Total 59,943 $ 188,205 $ 93 459 On 9/30/09 54,517 $ 171,358 $ 95 495 Construction & Development Loans (1A) By Dollar Amount ($000) Number # Of Loans $ Funded % Of Line Average Funded Committed Committed %Total Funded $ Funded Holding Co & Admin 284 $ 284 $ 1 0.1% 100% 283,578 $ Lafayette 47,756 69,939 153 19.2% 68% 312,130 $ Community Bank 3,788 4,139 128 1.5% 91% 29,590 $ Baton Rouge 15,940 20,242 46 6.4% 79% 346,515 $ New Orleans 89,073 104,975 69 35.9% 85% 1,290,917 $ Northshore 17,071 18,246 22 6.9% 94% 775,973 $ Regional Commercial South 18,657 20,206 6 7.5% 92% 3,109,455 $ Shreveport 14,596 15,623 13 5.9% 93% 1,122,772 $ NE Louisiana 1,672 3,027 46 0.7% 55% 36,340 $ Regional Commercial North 29,753 42,496 10 12.0% 70% 2,975,293 $ Mortgage - RIC 9,559 14,063 58 3.9% 68% 164,817 $ Total 248,148 $ 313,240 $ 552 100.0% 79% 449,544 $ On 9/30/09 225,875 $ 273,987 $ 590 100.0% 82% 382,840 $ By Dollar Amount ($000) Construction & Development Loans (1A) 4,265 5,294 32 26 Asset Quality Asset Quality IBERIABANK IBERIABANK Builder & Non-Builder Builder & Non-Builder C&D Exposure C&D Exposure |
 24 Asset Quality Asset Quality 4Q09 Compared To Prior Quarters 4Q09 Compared To Prior Quarters ($thousands) 2Q09 3Q09 4Q09 2Q09 3Q09 4Q09 2Q09 3Q09 4Q09 Nonaccruals 14,110 $ 100,649 $ 863,046 $ 14,409 $ 22,655 $ 27,947 $ 28,519 $ 123,304 $ 890,993 $ OREO & Foreclosed 1,199 11,872 62,811 16,153 11,192 11,281 17,352 23,065 74,092 90+ Days Past Due 3,596 2,047 42,184 9,663 2,651 1,767 13,259 4,698 43,952 Nonperforming Assets 18,905 $ 114,568 $ 968,041 $ 40,225 $ 36,498 $ 40,996 $ 59,130 $ 151,066 $ 1,009,037 $ NPAs/Assets 0.45% 2.34% 12.02% 2.78% 2.43% 2.68% 1.04% 2.34% 10.40% NPAs/(Loans + OREO) 0.64% 3.38% 19.99% 4.60% 3.90% 4.03% 1.54% 3.50% 17.22% LLR/Loans 1.01% 0.94% 0.72% 1.89% 1.86% 2.12% 1.21% 1.13% 0.96% Net Charge-Offs/Loans 0.08% 1.13% 0.04% 1.22% 6.16% 0.78% 0.33% 2.26% 0.18% Past Dues: 30-89 Days Past Due 6,195 $ 34,476 $ 199,558 $ 5,209 $ 7,457 $ 9,461 $ 11,404 $ 41,933 $ 209,019 $ 90+ days Past Due 3,596 2,047 42,184 9,663 2,651 1,767 13,259 4,698 43,952 Nonaccual Loans 14,110 100,649 863,046 14,409 22,655 27,947 28,519 123,304 890,993 Total 30+ Past Dues 23,902 $ 137,172 $ 1,104,788 $ 29,280 $ 32,763 $ 39,176 $ 53,182 $ 169,935 $ 1,143,964 $ % Loans 0.80% 4.07% 23.12% 3.41% 3.54% 3.90% 1.38% 3.95% 19.78% Loan Mix: Commercial 60.5% 62.7% 61.6% 62.2% 64.9% 67.8% 60.9% 63.1% 62.7% Consumer 14.0% 13.1% 11.7% 22.6% 20.9% 19.0% 15.9% 14.8% 13.0% Mortgage 13.8% 14.0% 19.6% 8.0% 7.3% 6.8% 12.5% 12.6% 17.3% Business Banking 2.6% 2.3% 1.7% 2.5% 2.3% 2.1% 2.6% 2.3% 1.7% Indirect 9.1% 7.9% 5.4% 0.0% 0.0% 0.0% 7.1% 6.2% 4.5% Credit Cards 0.0% 0.0% 0.0% 4.7% 4.6% 4.3% 1.0% 1.0% 0.8% Total Loans 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% IBERIABANK IBERIABANK fsb IBERIABANK Corporation |
   25 Asset Quality Asset Quality Loans Past Due + Non-Accruals Loans Past Due + Non-Accruals By Entity: 9/30/08 12/31/08 3/31/09 6/30/09 9/30/09 12/31/09 IBERIABANK 30+ days past due 0.28% 0.69% 0.31% 0.33% 0.32% 0.58% Non-accrual 0.21% 0.22% 0.54% 0.47% 0.45% 0.38% Total Past Due 0.49% 0.92% 0.85% 0.80% 0.77% 0.96% IBERIABANK fsb 30+ days past due 1.29% 1.57% 1.85% 1.73% 1.09% 1.12% Non-accrual 2.42% 2.53% 2.12% 1.68% 2.45% 2.78% Total Past Due 3.71% 4.10% 3.97% 3.41% 3.54% 3.90% Consolidated (Ex-FDIC Covered Assets) 30+ days past due 0.52% 0.89% 0.65% 0.64% 0.50% 0.71% Non-accrual 0.72% 0.74% 0.90% 0.74% 0.92% 0.96% Total Past Due 1.24% 1.63% 1.55% 1.38% 1.42% 1.67% CapitalSouth Only 30+ days past due 7.62% 7.59% Non-accrual 24.64% 29.68% Total Past Due 32.26% 37.27% Orion Only 30+ days past due 16.55% Non-accrual 57.63% Total Past Due 74.18% Century Only 30+ days past due 10.52% Non-accrual 52.88% Total Past Due 63.40% Consolidated With FDIC Covered Assets 30+ days past due 1.08% 4.35% Non-accrual 2.87% 15.33% Total Past Due 3.95% 19.68% |
 26 Asset Quality Asset Quality Trends – Trends – Entity NPAs Entity NPAs & Past Dues & Past Dues |
 27 Asset Quality Asset Quality Trends – Trends – Entity LLR & Net COs Entity LLR & Net COs (Dollars in $000s) Q408 1Q09 2Q09 3Q09 4Q09 $Chg 12/31/08 3/31/09 6/30/09 9/30/09 12/31/09 Last Qtr. Loan Loss Reserve* IBERIABANK 26,671 $ 27,866 $ 30,098 $ 31,629 $ 34,431 $ 2,801 $ IBERIABANK fsb 14,201 13,796 16,231 17,158 21,337 4,179 Consolidated 40,872 $ 41,662 $ 46,329 $ 48,787 $ 55,768 $ 6,980 $ LLR / Total Loans IBERIABANK 0.92% 0.96% 1.01% 0.94% 0.72% IBERIABANK fsb 1.68% 1.64% 1.89% 1.86% 2.12% Consolidated 1.09% 1.11% 1.21% 1.13% 0.96% Net Charge-Offs IBERIABANK 801 $ 1,052 $ 553 $ 8,943 $ 414 $ (8,529) $ IBERIABANK fsb 4,084 1,190 2,562 14,041 1,865 (12,176) Consolidated 4,885 $ 2,242 $ 3,116 $ 22,984 $ 2,278 $ (20,705) $ Net COs/Avg Loans IBERIABANK 0.11% 0.15% 0.08% 1.13% 0.04% IBERIABANK fsb 1.93% 0.58% 1.22% 6.16% 0.78% Consolidated 0.53% 0.24% 0.33% 2.26% 0.18% LLR Coverage Of NPAs IBERIABANK 268% 147% 159% 28% 4% IBERIABANK fsb 39% 34% 40% 47% 52% Consolidated 88% 70% 78% 32% 6% * Does not include loan discounts associated with acquisitions. |
    28 Asset Quality Asset Quality Loan Mix And 30 Days+ Past Due Loan Mix And 30 Days+ Past Due (Dollars in $000s) 4Q08 1Q09 2Q09 3Q09 4Q09** 4Q09 12/31/08 3/31/09 6/30/09 9/31/09 9/30/09 12/31/09 % of Outstandings Commercial 58.3% 59.5% 60.9% 63.1% 64.6% 62.7% Mortgage 14.3% 13.6% 12.5% 12.6% 10.9% 17.3% Consumer 16.2% 16.1% 15.9% 14.8% 14.8% 13.0% Indirect 7.1% 7.0% 7.1% 6.2% 6.3% 4.5% Business Banking 3.1% 2.8% 2.6% 2.3% 2.4% 1.7% Credit Cards 1.0% 1.0% 1.0% 1.0% 1.0% 0.8% Total Loans 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Past Due 30+ Days* Commercial 1.91% 1.82% 1.45% 4.82% 1.61% 24.44% Mortgage 0.97% 0.85% 1.25% 4.25% 1.75% 17.28% Consumer 1.55% 1.53% 1.20% 1.82% 2.06% 9.74% Indirect 1.08% 0.97% 1.06% 1.05% 1.19% 1.19% Business Banking 1.10% 0.83% 1.29% 1.33% 2.17% 2.17% Credit Cards 1.55% 1.63% 1.32% 1.20% 1.24% 1.52% Total Loans 1.63% 1.55% 1.38% 3.95% 1.67% 19.68% IBERIABANK 0.91% 0.85% 0.80% 4.06% 0.96% 22.99% IBERIABANK fsb 4.10% 3.97% 3.41% 3.54% 3.90% 3.90% Consolidated 1.63% 1.55% 1.38% 3.95% 1.67% 19.68% * Includes nonaccruing loans ** Excludes FDIC assisted acquisitions |
 29 Asset Quality Asset Quality Loan Loss Reserve Loan Loss Reserve IBERIABANK Franchise – IBERIABANK Franchise – • • IBERIABANK Comprises 83% Of Consolidated Loan Portfolio IBERIABANK Comprises 83% Of Consolidated Loan Portfolio • • Legacy IBERIABANK Credits Performing Very Well Legacy IBERIABANK Credits Performing Very Well • • Classified Classified Assets Assets And And NPAs NPAs Remain Remain Favorable Favorable • • $ 3 Million Loan Loss Provision In 4Q09 (3Q09 = $10 Million) $ 3 Million Loan Loss Provision In 4Q09 (3Q09 = $10 Million) IBERIABANK IBERIABANKfsb Franchise Franchise – – • • Construction Portfolio Continues To Compress Construction Portfolio Continues To Compress • • Continuing To Aggressively Address Potential Problems Continuing To Aggressively Address Potential Problems • • $6 Million Loan Loss Provision in 4Q09 (3Q09 = $15 Million) $6 Million Loan Loss Provision in 4Q09 (3Q09 = $15 Million) $2.3 Million In $2.3 Million In Net Charge-Offs Net Charge-Offs In 4Q09 (0.18% In 4Q09 (0.18% Of Average Of Average Loans) Loans) 1Q09 2Q09 3Q09 4Q09 Net Charge-Offs 2,242 $ 3,116 $ 22,980 $ 2,283 $ Loan Growth 150 864 5,321 14,326 Change In Asset Quality 640 3,803 (3,006) (7,349) Loan Loss Provision 3,032 $ 7,783 $ 25,295 $ 9,260 $ Net Charge-Offs/Avg. Loans 0.24% 0.33% 2.26% 0.18% Loan Loss Reserve/Loans 1.11% 1.21% 1.13% 0.96% |
 30 Asset Quality Asset Quality C&D Loans And C&D Loans And NPAs NPAs Compared To Compared To Peers Peers Source: SNL, using most recent quarterly information Source: SNL, using most recent quarterly information The Lowest Level Of The Lowest Level Of C&D Loan Exposure C&D Loan Exposure Compared To Peers Compared To Peers One Of The Lowest One Of The Lowest Levels Of NPAs Levels Of NPAs Compared To Peers Compared To Peers NPAs / Total Assets 0% 5% 10% 15% 20% 25% 30% 35% IBKC SFNC HBHC TRMK SBCF BXS PNFP PRSP CCBG WTNY UCBI OZRK 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% PRSP HBHC IBKC SFNC BXS TRMK OZRK PNFP SBCF CCBG UCBI SBCF 0.91% 10.40% IBKC including Acquisitions C&D Loans / Total Loans |
 31 Asset Quality Asset Quality Commercial Real Estate Portfolio Commercial Real Estate Portfolio Excludes covered loans related to FDIC-Assisted Acquisitions |
 Note: Includes commercial construction and land development loans Excludes covered loans related to FDIC-Assisted Acquisitions 32 Asset Quality Asset Quality Commercial Real Estate Portfolio Commercial Real Estate Portfolio IBERIABANK IBERIABANK fsb TOTAL Non-Owner Occupied Current 692.4 $ 183.6 $ 876.0 $ Past Due 2.1 0.8 2.9 Nonaccrual 0.6 17.4 18.1 Total 695.2 $ 201.8 $ 897.0 $ % Nonaccrual 0.09% 8.63% 2.01% Owner Occupied Current 464.7 $ 160.2 $ 624.9 $ Past Due 2.1 1.0 3.1 Nonaccrual 2.8 6.4 9.2 Total 469.7 $ 167.5 $ 637.2 $ % Nonaccrual 0.60% 3.81% 1.44% Total CRE 1,164.8 $ 369.3 $ 1,534.2 $ % Nonaccrual 0.30% 6.45% 1.78% Last Qtr (9/30/09) 0.41% 5.35% 1.64% Non-Owner Occup/Tier 1 Cap. 114% 127% 104% |
 33 Asset Quality Asset Quality Commercial Portfolio Composition Commercial Portfolio Composition Note: At December 31, 2009; Includes commercial construction and land development loans – excludes Covered Assets |
 34 Consumer Loan Portfolio |
  35 Consumer Portfolio Consumer Portfolio By Product – By Product – Score Distribution Score Distribution Note: Excludes Credit Cards Note: Excludes Credit Cards Score Intervals HELOC Home Equity Loans Unsecured Lines Unsecured Other Secured Indirect Auto 800 + 9% 12% 11% 5% 12% 13% 750 - 799 35% 34% 17% 25% 24% 30% 700 - 749 26% 24% 27% 25% 22% 21% 650 - 699 15% 14% 16% 20% 16% 17% 600 - 649 5% 7% 7% 10% 9% 8% 550 - 599 4% 4% 6% 6% 6% 4% 500 - 549 3% 3% 4% 6% 6% 4% 450 - 499 1% 1% 1% 2% 1% 1% 400 - 449 0% 0% 0% 0% 0% 0% Other 1% 1% 10% 2% 3% 1% Total 100% 100% 100% 100% 100% 100% Avg. Score 735 723 729 692 697 715 Consumer Portfolio - Score Distribution By Product Excludes Covered Loans from FDIC Acquisitions Volume Score Volume Score Volume Score HELOC 152 $ 735 30 $ 732 182 $ 735 Home Equity Loans 213 722 135 725 348 723 Unsecured Lines 18 729 2 723 20 729 Unsecured 19 692 9 693 27 692 Other Secured 44 699 12 692 55 697 Indirect Auto 249 715 - - 249 715 Total 676 $ 717 190 $ 714 881 $ 717 Consumer Portfolio - Product Type And Average Score IBERIABANK IBERIABANK fsb IBERIABANK Corp |
  36 Consumer Consumer Portfolio Portfolio Past Dues Past Dues By Product By Product Generally Good Generally Good And Stable And Stable Asset Quality Asset Quality Across Across Consumer Consumer Products Products Excludes Covered Loans from FDIC Acquisitions 9/30/08 12/31/08 3/31/09 6/30/09 9/30/09 12/31/09 Home Equity Lines of Credit 30 to 59 Days Past Due 0.31% 0.24% 0.68% 0.19% 0.32% 0.57% 60 to 89 Days Past Due 0.15% 0.13% 0.07% 0.14% 0.07% 0.33% Over 90 Days Past Due 0.09% 0.11% 0.11% 0.19% 0.13% 0.07% Total 30+ Days Past Due 0.55% 0.48% 0.86% 0.52% 0.51% 0.98% Net Charge-Offs 0.01% 0.15% 0.23% 0.07% 1.25% 0.35% Home Equity Term Loans 30 to 59 Days Past Due 0.25% 0.80% 0.56% 0.46% 0.57% 0.85% 60 to 89 Days Past Due 0.18% 0.09% 0.17% 0.17% 0.20% 0.22% Over 90 Days Past Due 0.30% 0.05% 0.06% 0.28% 0.21% 0.32% Total 30+ Days Past Due 0.73% 0.93% 0.79% 0.91% 0.98% 1.38% Net Charge-Offs 0.04% 0.21% 0.13% 0.18% 0.81% 0.08% Indirect Loans 30 to 59 Days Past Due 0.45% 0.59% 0.54% 0.49% 0.51% 0.64% 60 to 89 Days Past Due 0.12% 0.18% 0.12% 0.19% 0.16% 0.10% Over 90 Days Past Due 0.07% 0.05% 0.05% 0.07% 0.06% 0.09% Non Accrual 0.28% 0.30% 0.30% 0.32% 0.36% 0.39% Total 30+ Days Past Due 0.93% 1.12% 1.00% 1.08% 1.08% 1.23% Net Charge-Offs 0.20% 0.44% 0.43% 0.42% 0.54% 0.43% Credit Card Loans 30 to 59 Days Past Due 0.49% 0.49% 0.27% 0.42% 0.32% 0.40% 60 to 89 Days Past Due 0.21% 0.45% 0.38% 0.18% 0.24% 0.30% Over 90 Days Past Due 0.45% 0.61% 0.99% 0.72% 0.64% 0.54% Total 30+ Days Past Due 1.15% 1.55% 1.63% 1.32% 1.20% 1.24% Net Charge-Offs 1.05% 1.34% 2.82% 4.31% 2.48% 2.63% Other Consumer Loans 30 to 59 Days Past Due 0.76% 1.20% 1.07% 0.70% 0.47% 0.83% 60 to 89 Days Past Due 0.46% 0.35% 0.15% 0.13% 0.33% 0.75% Over 90 Days Past Due 0.53% 0.82% 0.12% 0.23% 0.36% 0.35% Total 30+ Days Past Due 1.74% 2.37% 1.34% 1.07% 1.15% 1.94% Net Charge-Offs 1.55% 1.88% 2.03% 1.40% 3.35% 1.54% Consumer Portfolio - Quarterly Credit Statistics Loans Past Due As A % of Product Loans |
 Consumer Portfolio Consumer Portfolio By Product – By Product – Origination Mix Origination Mix 37 |
 38 Consumer Portfolio Consumer Portfolio By Product – By Product – Loan-To-Values Loan-To-Values |
 39 Consumer Portfolio Consumer Portfolio Indirect – Indirect – 30+ Days Past Dues 30+ Days Past Dues Month Indirect Lending Portfolio Loans Past Due 30 Days Or More |
 40 Consumer Portfolio Consumer Portfolio Indirect – Indirect – Net Charge-Offs Net Charge-Offs Month Indirect Lending Portfolio Annualized Net Chargeoffs % |
 41 Markets |
 42 IBERIABANK IBERIABANK Florida Market Share Florida Market Share • Existing IBKC = $132 Million in Deposits From CapitalSouth Bank Acquisition in 3Q09 • Acquisition of Orion Bank And Century Bank Added Approximately $2.7 Billion in Deposits • IBKC Franchise Holds The 20 th Ranked Market Share With $2.9 Billion in Deposits Source: SNL Financial – June 30, 2009 data Rank Company Branches Deposits Mkt Share % 1 Bank of America Corp. (NC) 664 72,758,277 18.52 2 Wells Fargo & Co. (CA) 721 64,256,750 16.36 3 SunTrust Banks Inc. (GA) 567 39,902,616 10.16 4 Regions Financial Corp. (AL) 426 17,449,995 4.44 5 BB&T Corp. (NC) 307 16,447,119 4.19 6 JPMorgan Chase & Co. (NY) 240 10,765,960 2.74 7 Citigroup Inc. (NY) 52 8,915,841 2.27 8 BU Financial Corp. (FL) 85 8,303,473 2.11 9 Fifth Third Bancorp (OH) 167 7,609,986 1.94 10 PNC Financial Services Group (PA) 112 6,034,456 1.54 11 EverBank Financial (FL) 5 5,752,713 1.46 12 Northern Trust Corp. (IL) 30 5,071,085 1.29 13 AmTrust Financial Corporation (OH) 25 4,805,144 1.22 14 BankAtlantic Bancorp Inc. (FL) 101 4,076,885 1.04 15 Ocean Bankshares Inc. (FL) 21 4,043,670 1.03 16 Mercantil Servicios 15 3,807,862 0.97 17 Synovus Financial Corp. (GA) 61 3,441,333 0.88 18 HSBC Holdings plc 19 3,319,692 0.84 19 South Financial Group Inc. (SC) 67 3,060,065 0.78 20 IBERIABANK 37 2,962,490 0.75 Total For Institutions In Market 5,829 392,871,126 Florida - State Market Share |
 43 IBERIABANK IBERIABANK Florida Market Share - Florida Market Share - MSAs MSAs Source: SNL Financial – June 30, 2009 data Rank Company Branches Deposits Mkt Share % Rank Company Branches Deposits Mkt Share % 1 Fifth Third Bancorp (OH) 21 1,977,049 16.93 1 First State Bk of the FL Keys (FL) 11 534,275 24.00 2 Bank of America Corp. (NC) 17 1,571,101 13.45 2 TIB Financial Corp. (FL) 9 507,304 22.79 3 Wells Fargo & Co. (CA) 19 1,341,835 11.49 3 Bank of America Corp. (NC) 8 339,100 15.23 4 IBERIABANK 7 1,260,813 10.79 4 Home BancShares Inc. (AR) 9 206,167 9.26 5 KeyCorp (OH) 1 688,091 5.89 5 IBERIABANK 5 186,951 8.40 Total For Institutions In Market 158 11,680,468 Total For Institutions In Market 51 2,226,451 Rank Company Branches Deposits Mkt Share % Rank Company Branches Deposits Mkt Share % 1 Bank of America Corp. (NC) 38 3,675,155 20.34 1 Wells Fargo & Co. (CA) 37 1,854,458 15.22 2 Wells Fargo & Co. (CA) 33 3,005,570 16.63 2 Bank of America Corp. (NC) 30 1,752,328 14.38 3 SunTrust Banks Inc. (GA) 35 2,032,448 11.25 3 SunTrust Banks Inc. (GA) 27 1,579,773 12.97 4 BB&T Corp. (NC) 23 959,861 5.31 4 BB&T Corp. (NC) 23 1,086,516 8.92 5 IBERIABANK 14 928,434 5.14 5 Fifth Third Bancorp (OH) 19 943,784 7.75 17 IBERIABANK 4 174,194 1.43 Total For Institutions In Market 329 18,069,727 Total For Institutions In Market 245 12,184,691 Rank Company Branches Deposits Mkt Share % Rank Company Branches Deposits Mkt Share % 1 Wells Fargo & Co. (CA) 225 26,035,757 17.04 1 Bank of America Corp. (NC) 37 13,793,482 38.81 2 Bank of America Corp. (NC) 209 24,658,473 16.14 2 Wells Fargo & Co. (CA) 60 6,057,486 17.05 3 SunTrust Banks Inc. (GA) 106 10,637,975 6.96 3 EverBank Financial (FL) 5 5,752,713 16.19 4 Citigroup Inc. (NY) 51 8,909,313 5.83 4 SunTrust Banks Inc. (GA) 33 1,748,971 4.92 5 JPMorgan Chase & Co. (NY) 130 7,617,076 4.99 5 Banco Bilbao Vizcaya Argent SA 25 1,141,779 3.21 54 IBERIABANK 4 279,532 0.19 26 IBERIABANK 3 132,566 0.37 Total For Institutions In Market 1,660 152,799,523 Total For Institutions In Market 328 35,537,013 Naples-Marco Island, FL Key West, FL Bradenton-Sarasota-Venice, FL Cape Coral-Fort Myers, FL Miami-Fort Lauderdale-Pompano Beach-Homestead, FL Jacksonville, FL |
 44 IBERIABANK IBERIABANK IBKC Market Demographics IBKC Market Demographics Source: SNL Financial MSA IBKC Market IBKC Rank IBKC Offices Deposits IBKC Dep Mkt. Share (%) Percent of IBKC Franchise Market Population Population Change 2000-09 (%) Projected Population Change 2009-14 (%) Median HH 2009 ($) HH Income Change 2000-09 (%) Projected HH Income Change 2009-14 (%) FLORIDA Naples-Marco Island, FL 4 7 1,260,813 10.79 16.63 331,285 31.79 10.67 63,299 30.75 5.13 Bradenton-Sarasota-Venice, FL 5 14 928,434 1.55 12.25 721,598 22.31 8.45 52,726 29.60 6.01 Miami-Fort Lauderdale-Pompano Beach-Homestead, FL 54 4 279,532 0.16 3.69 5,549,666 10.83 3.49 52,512 30.34 4.03 Key West, FL 5 5 186,951 8.40 2.47 73,639 (7.48) (4.11) 54,614 27.82 (0.02) Cape Coral-Fort Myers, FL 17 4 174,194 1.43 2.30 645,899 46.50 17.89 52,154 29.34 5.02 Jacksonville, FL 26 3 132,566 0.37 1.75 1,392,346 24.01 10.33 55,237 29.52 4.49 LOUISIANA Lafayette, LA 1 13 1,149,488 22.72 15.17 260,628 9.01 4.00 41,287 16.34 3.26 New Iberia, LA 1 4 538,043 37.70 7.10 75,954 3.67 1.18 35,547 14.44 1.11 New Orleans-Metairie-Kenner, LA 12 12 477,850 1.79 6.30 1,166,214 (11.42) 11.89 42,739 21.00 (1.80) Baton Rouge, LA 6 4 312,764 2.14 4.13 782,691 10.87 5.21 43,138 15.25 3.29 Monroe, LA 4 7 297,896 11.53 3.93 173,860 2.24 0.70 36,070 13.68 4.15 Shreveport-Bossier City, LA 7 2 130,931 2.39 1.73 393,983 4.79 1.82 38,191 15.09 2.36 Ruston, LA 2 2 101,101 10.26 1.33 58,032 0.22 (0.37) 30,974 12.44 1.60 Crowley, LA 4 2 53,818 7.39 0.71 61,376 4.27 1.64 30,304 13.63 0.37 Abbeville, LA 9 2 45,285 5.33 0.60 56,905 5.76 2.08 32,473 10.30 1.26 Bastrop, LA 6 2 17,901 6.53 0.24 29,521 (4.84) (3.32) 28,280 12.55 1.06 Houma-Bayou Cane-Thibodaux, LA 13 1 15,277 0.39 0.20 204,970 5.40 1.43 40,199 14.56 4.23 ARKANSAS Little Rock-North Little Rock-Conway, AR 9 11 400,326 3.15 5.28 686,372 12.42 5.94 51,839 33.16 4.95 Jonesboro, AR 4 6 177,513 7.62 2.34 118,164 9.65 4.59 40,548 30.35 7.34 Fayetteville-Springdale-Rogers, AR-MO 19 8 106,203 1.44 1.40 456,132 31.43 13.38 49,287 36.00 4.35 Paragould, AR 8 1 11,528 1.61 0.15 41,326 10.70 5.46 39,417 27.77 6.28 TENNESSEE Memphis, TN-MS-AR 33 2 101,656 0.46 1.34 1,321,291 9.63 4.39 52,209 31.81 4.71 ALABAMA Birmingham-Hoover, AL 13 4 246,572 0.93 3.25 1,124,423 6.86 3.26 45,864 20.69 4.91 Montgomery, AL 14 2 82,324 1.06 1.09 371,467 7.20 3.67 44,553 19.70 3.98 Huntsville, AL 13 2 77,960 1.10 1.03 397,307 16.04 7.87 52,034 20.52 3.14 Mobile, AL 19 1 4,191 0.07 0.06 410,457 2.65 1.41 39,943 18.48 4.39 Aggregate: National 96.46 309,731,508 10.06 4.63 54,719 29.78 4.06 Income |
 45 Markets - Markets - Branches Branches Branch Expansion Initiative Branch Expansion Initiative Period-End Loan And Deposit Volumes 13 Offices 13 Offices 4Q09 Loans 4Q09 Loans Of $179 mm Of $179 mm (+26% Over (+26% Over 1-Year) 1-Year) 4Q09 4Q09 Deposits Of Deposits Of $281 mm $281 mm (+40% Over (+40% Over 1-Year) 1-Year) Closed One Closed One Office Office (Prairieville) (Prairieville) |
 46 Markets – Markets – Branches Branches Historical Office Optimization Historical Office Optimization Entered 3 New Markets Entered 3 New Markets Acquired 12 Offices (All) Acquired 12 Offices (All) Closed/Consolidated 18 Closed/Consolidated 18 Offices (All Types) Offices (All Types) Opened 10 New Bank Opened 10 New Bank Offices Offices Opened 7 Mortgage Opened 7 Mortgage Offices Offices Divested/Sold 1 Office Divested/Sold 1 Office 5 Office Realignments 5 Office Realignments 1999 Through 2005 1999 Through 2005 Since 2005 Since 2005 Entered 26 New Markets Entered 26 New Markets Acquired 138 Offices (All) Acquired 138 Offices (All) Closed/Consolidated 26 Closed/Consolidated 26 Offices (All Types) Offices (All Types) Opened 15 New Bank Opened 15 New Bank Offices Offices Opened 13 Mortgage Opened 13 Mortgage Offices Offices Opened 1 Title Office Opened 1 Title Office 11 Office Realignments 11 Office Realignments |
 47 Markets – Markets – Local Economies Local Economies Oil & Gas Impact Oil & Gas Impact Source: Bloomberg Source: Bloomberg Jan Mar Oct Dec Jul Feb Sep Mar Oct Dec Jul Feb Sep Apr Nov Jun Dec Jul Feb Sep Apr Nov Jun Jan Mar Sep Apr Nov Jun Jan Crude Oil (WTI, $ Per Barrel) |
 48 Markets – Markets – Local Economies Local Economies Unemployment – Unemployment – Vs. U.S. MSAs Vs. U.S. MSAs Source: U.S. Department of Labor, Bureau of Labor Statistics Source: U.S. Department of Labor, Bureau of Labor Statistics Curve Has Curve Has Continued Continued To Shift To Shift Upward Upward Belly Of The Belly Of The Curve Hit Curve Hit Worst Worst Consistently Consistently Low Rates Of Low Rates Of Unemploy- Unemploy- ment ment In Our In Our Legacy Legacy MSAs MSAs Many Of Our Many Of Our Markets Not Markets Not Dependent Dependent On Housing On Housing For Growth For Growth |
 49 Markets – Markets – Local Economies Local Economies Housing’s Share Of State GDP Housing’s Share Of State GDP Source: NAHB; Figures represent 2005 levels as indicative of peak period US Average: 16.6% Arkansas: 12.4% Mississippi: 12.1% Louisiana: 9.4% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% Nevada Hawaii Florida Arizona California Maryland Colorado Idaho Montana Oregon New Jersey Virginia Washington New Vermont Rhode Island Utah Maine South Carolina Massachusett United States Illinois Minnesota New York Georgia North Carolina Wisconsin Michigan Connecticut Tennessee Pennsylvania Missouri New Mexico Ohio Indiana Alabama Kentucky Kansas Wyoming West Virginia Arkansas Iowa Oklahoma Mississippi Nebraska Texas Delaware South Dakota North Dakota District of Alaska Louisiana Housing Share Of State GDP Nationwide, Nationwide, Housing Housing Peaked In 2005 Peaked In 2005 Housing Was A Substantial Contributor To State Economic Growth--Now Working In Reverse Our Markets: Our Markets: Minimal Impact Minimal Impact |
 50 Markets – Markets – Local Economies Local Economies Freddie Mac – Freddie Mac – Regional Prices Regional Prices FHLMC, “Home Prices Rise 0.9% in Third FHLMC, “Home Prices Rise 0.9% in Third Quarter”, December 8, 2009 Quarter”, December 8, 2009 Source: Freddie Mac Source: Freddie Mac Last 5-Year Housing Price Last 12 3Q09 vs. Region States Included Change Months 2Q09 West South Central LA, AR, TX, OK 20.5% 0.0% 0.1% West North Central IA, KS, MN, MO, ND, NE, SD 5.2% -1.1% 0.5% East South Central TN, AL, MS, KY 15.4% -1.4% 0.2% New England CT, MA, ME, NH, RI, VT -1.7% -2.4% -0.7% Middle Atlantic NY, NJ, PA 16.2% -2.5% 1.1% East North Central IL, IN, MI, OH, WI -2.5% -2.7% 0.2% South Atlantic NC, SC, FL, GA, VA, MD, WV, DC, DE 7.9% -5.0% 0.6% Pacific CA, OR, WA, HI, AK -4.3% -6.9% 3.9% Mountain AZ, CO, ID, MT, NM, NV, UT, WY 7.7% -9.3% -0.6% United States 5.5% -3.9% 0.9% |
 51 Markets – Markets – Local Economies Local Economies Housing Price Change Vs. U.S. MSAs Housing Price Change Vs. U.S. MSAs Source: Freddie Mac, 3Q09 Data Source: Freddie Mac, 3Q09 Data |
 52 Markets – Markets – Local Economies Local Economies House Price Decline Probability House Price Decline Probability Local Housing Prices Did Not Escalate Rapidly, So Little House Price “Snap- Back” According To PMI, Our Legacy Markets Have Some Of The Lowest Probabilities To Exhibit Housing Price Declines Over Next 2 Years Source: PMI Economic Real Estate Trends Source: PMI Economic Real Estate Trends 109 121 133 145 157 169 181 193 205 217 229 241 253 265 277 289 301 313 325 337 349 361 373 |
 53 Summary Of IBKC Summary Of IBKC Industry Operating Environment--Challenging Industry Operating Environment--Challenging • • Housing Housing • • Credit Risk Credit Risk • • Interest Rate Risk Interest Rate Risk • • Operations Risk Operations Risk We Tend To Move “Ahead Of The Curve” We Tend To Move “Ahead Of The Curve” Focus On Long-Term Investments & Payback Focus On Long-Term Investments & Payback Organic And External Growth Organic And External Growth Both Expense Control And Revenue Growth Both Expense Control And Revenue Growth EPS/Stock Price Linkage - EPS/Stock Price Linkage - Shareholder Focus Shareholder Focus Favorable Risk/Return Compared To Peers Favorable Risk/Return Compared To Peers |