Exhibit 99.2 |
2 Statements contained in this presentation which are not historical facts and which pertain to future operating results of IBERIABANK Corporation and its subsidiaries constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve significant risks and uncertainties. Actual results may differ materially from the results discussed in these forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in the Company’s periodic filings with the SEC. In connection with the proposed acquisition of Florida Gulf Bancorp, Inc., IBERIABANK Corporation has filed a Registration Statement on Form S-4 that contains a proxy statement/prospectus. Investors may obtain a free copy of the proxy statement/prospectus and other documents containing information about IBERIABANK Corporation, Florida Gulf Bancorp, Inc., and the proposed transaction, without charge, at the SEC's web site at http://www.sec.gov. Copies of the proxy statement/prospectus and the SEC filings that are incorporated by reference in the proxy statement/prospectus may also be obtained for free from the IBERIABANK Corporation website, www.iberiabank.com, under the heading “Investor Information”. |
• Organic loan growth of $330 million since March 31, 2012 (+21% annualized) and $493 million since year-end 2011 (+16% annualized) • Core deposit growth of $93 million since March 31, 2012 (+5% annualized) and $427 million since year-end 2011 (+13% annualized) • Stable net interest margin • Expansion of our Houston commercial team with the addition of Carmen Jordan and several relationship managers • Good growth in service charge income and fee income businesses • Mortgage – highest quarter production level in our Company’s history • Title – highest quarterly revenue in our Company’s history • IWA/ICP – increased quarterly revenues and Assets Under Management • Process improvement initiative • Closing ten branches – including exiting the Jacksonville, Florida market • Reduction of staff in Business Credit Services, workout, and other support staff • Retail/Business Banking sales effectiveness • Risk adjusted profitability and risk management Second Quarter 2012 – Core Performance 3 3 |
4 • Florida Gulf Acquisition - Florida Gulf shareholder approval on July 25 and anticipated closing on July 31 ; $0.01 negative EPS impact in 2Q12 • Provision reflects recognition of some FDIC impairment and additional credit impairment from non-covered acquired loans • 2Q12 asset quality ratios – NPAs, past dues, classified assets, and net charge-offs – were strong and stable • Total tax-equivalent revenues up $6 million, or 4% (17% annualized) • Organizational announcements: • Jim Gburek – Regional President of Florida • Randy Bryan – Chief Risk Officer • Jill Hopkins – Director of Credit Administration • Scott Price – Corporate Controller and Chief Accounting Officer 4 th st Second Quarter 2012 – Initiatives |
Performance Metrics – Yields and Costs • Investment yield declined 11 bps due to prepayment speeds and reinvesting cash flows • Net covered loan yield up 9 bps as base yield improved plus a few loan pay-offs • Non-covered loan yield down 10 bps • Deposit costs declined 7 bps; additional future re- pricing opportunities (next slide) • Average noninterest bearing deposits up $110 million (+7%) • Spread up 2 bps and margin held stable at 3.59% 5 3/31/2012 6/30/2012 Investment Securities 2.51% 2.40% (11) bps Covered Loans & Loss Share Receivable 5.14% 5.23% 9 bps Noncovered Loans 4.78% 4.68% (10) bps Loans & Loss Share Receivable 4.87% 4.80% (7) bps Mortgage Loans Held For Sale 3.58% 3.64% 6 bps Other Earning Assets 0.71% 0.84% 13 bps Total Earning Assets 4.25% 4.20% (5) bps Interest Bearing Deposits 0.72% 0.65% (7) bps Short-Term Borrowings 0.25% 0.24% (1) bps Long-Term Borrowings 2.92% 3.07% 15 bps Total Interest Bearing Liabilities 0.82% 0.76% (6) bps Net Interest Spread 3.43% 3.45% 2 bps Net Interest Margin 3.59% 3.59% - bps * Earning asset yields are shown on a fully taxable equivalent basis. %/Basis Point Change For Quarter Ended: |
Quarterly Repricing Schedule • $1.6 Billion in time deposits re-price over next 12 months at weighted average 0.97% rate • During 2Q12, new and re-priced time deposits were booked at an average cost of 0.58% $ in millions Note: Amounts exclude repricing of assets and liabilities from prior quarters 6 3Q12 4Q12 1Q13 2Q13 3Q13 Cash Equivalents Balance 468.0 $ - $ - $ - $ - $ Rate 0.59% 0.00% 0.00% 0.00% 0.00% Investments Balance 236.8 $ 97.2 $ 94.4 $ 125.5 $ 102.7 $ Rate 2.17% 3.36% 3.20% 2.69% 3.05% Loans Balance 3,811.2 $ 334.8 $ 340.4 $ 353.8 $ 318.9 $ Rate 3.81% 5.27% 5.23% 5.26% 4.26% Time Deposits Balance 585.1 $ 451.9 $ 324.2 $ 257.5 $ 106.0 $ Rate 1.18% 0.86% 0.94% 0.74% 1.10% Borrowed Funds Balance 770.2 $ 5.8 $ 7.1 $ 37.7 $ 2.3 $ Rate 0.74% 2.23% 3.28% 3.44% 4.50% |
Interest Rate Risk Simulations Source: Bancware model, as of June 30, 2012 * Assumes instantaneous and parallel shift in interest rates • Slightly Asset Sensitive From An Interest Rate Risk Position • Degree Is A Function Of The Reaction Of Competitors To Changes • Forward Curve Has A Positive Impact Over 12 Months 7 Change In: Net Interest Income Economic Value of Equity Base Blue Forward -200 bp* -100 bp* Case +100 bp* +200 bp* Chip Curve -0.4% -0.1% 0.0% 2.2% 4.9% -0.2% 0.8% 4.6% 4.5% 0.0% 6.4% 9.4% -0.1% -0.1% In Deposit Pricing |
Performance Metrics – Quarterly Trends • Stable margin • Average earning assets up $133 million (+1%) • T/E net interest income up $1 million (+1%) • Provision of $9 million: • Net charge-offs: $1.1 million • Covered loan provision: $1.4 million • Non-covered acquired loan provision: $3.2 million • Organic loan provision: $3.2 million • Legacy asset quality measures remained stable in 2Q12 • Strong capital position compared to peers • Repurchased 48,188 shares at average cost of $47.93 per share • Approximately 850,000 shares remain under current authorized program 6/30/2011 9/30/2011 12/31/2011 3/31/2012 6/30/2012 Net Income ($ in thousands) 5,186 $ 16,347 $ 17,357 $ 19,393 $ 12,560 $ -35% Fully Diluted Earnings Per Share 0.18 $ 0.54 $ 0.59 $ 0.66 $ 0.43 $ -35% Pre-provision Operating Earnings Per Share (Non-GAAP) 0.61 $ 0.80 $ 0.78 $ 0.68 $ 0.73 $ 8% Tangible Book Value Per Share 36.49 $ 36.42 $ 36.80 $ 37.23 $ 37.28 $ 0% Return on Average Assets 0.20% 0.56% 0.59% 0.67% 0.43% (24) bps Return on Average Common Equity 1.50% 4.31% 4.65% 5.21% 3.36% (185) bps Return on Average Tangible Common Equity (Non-GAAP) 2.24% 6.23% 6.72% 7.43% 4.86% (257) bps Net Interest Margin (TE)* 3.28% 3.58% 3.62% 3.59% 3.59% 0 bps Tangible Efficiency Ratio (TE)* (Non-GAAP) 83.7% 75.0% 75.2% 74.6% 78.2% 359 bps Tangible Common Equity Ratio 10.02% 9.64% 9.52% 9.64% 9.37% (27) bps Tier 1 Leverage Ratio 11.83% 10.42% 10.45% 10.51% 10.42% (9) bps Tier 1 Common Ratio (Non-GAAP) 14.47% 13.90% 13.55% 13.48% 12.98% (50) bps Total Risk Based Capital Ratio 17.19% 16.61% 16.20% 16.10% 15.55% (55) bps Net Charge-Offs to Average Loans** 0.13% 0.12% 0.31% 0.09% 0.07% (2) bps Nonperforming Assets to Total Assets** 0.84% 0.89% 0.87% 0.83% 0.84% 1 bps * Fully taxable equivalent basis. ** Excluding FDIC Covered Assets and acquired impaired loans. For Quarter Ended: %/Basis Point Change 8 |
Low Risk Balance Sheet At June 30, 2012 37% Of Balance Sheet In Very Low Risk Components 9 Cash and Equivalents, 5% Investment Securities, 17% Mortgage Loans Held For Sale, 1% Acquired Loans - Fair Value, 0.2% Loans - FDIC Covered, 10% FDIC Loss Share Receivable, 4% Loans - Noncovered, 54% Other Assets, 9% 9 |
Non-Interest Income Trends • Rebound in service charge income ( 11%) • Strong mortgage loan income continued • Title insurance revenue up 18% • Trust, brokerage, and capital markets revenues up 5% Originations up 31% Sales up 13% Margins improved Income up 33% Small buyback costs Pipeline very robust 10 + Noninterest Income ($000s) 3Q11 4Q11 1Q12 2Q12 $Change % Change Service Charges on Deposit Accounts 7,448 $ 6,613 $ 5,980 $ 6,625 $ 645 $ 11% ATM / Debit Card Fee Income 3,132 1,997 2,024 2,166 142 7% BOLI Proceeds and CSV Income 924 899 951 905 (46) -5% Gain on Sale of Loans, Net 13,438 13,173 13,619 18,078 4,459 33% Gain (Loss) on Sale of Investments, Net 1,206 793 2,836 901 (1,935) -68% Title Revenue 4,900 4,846 4,533 5,339 806 18% Broker Commissions 2,501 2,457 3,060 3,102 42 1% All Other Noninterest Income 3,571 4,677 4,393 4,578 185 4% Total Noninterest Income 37,120 $ 35,455 $ 37,396 $ 41,694 $ 4,298 $ 11% 2Q12 vs. 1Q12 |
• Process improvement initiatives expense in 2Q12 totaling $5.5 million: Branch closure costs ($2.7 million) Consulting/professional ($1.7 million) Severance ($1.1 million) • Other expense increases of $4.2 million: Conversion-related costs ($0.5 million) Mortgage commissions (+$2.4 million) Credit/loan-related costs (+$0.8 million) Franchise & share tax (+$0.6 million) 11 • The expense growth in the items identified above equate to $8.8 million of the $9.1 million increase in total expense on a linked quarter basis Noninterest Expense ($000s) 3Q11 4Q11 1Q12 2Q12 $Change % Change 1,601 $ 206 $ 219 $ 1,053 $ 834 $ 381% Mortgage Commissions 3,196 3,922 3,229 5,612 2,384 74% Other Salaries and Benefits 47,881 47,288 51,371 51,455 84 0% Salaries and Employee Benefits 52,679 $ 51,416 $ 54,819 $ 58,121 $ 3,302 6% Occupancy and Equipment 14,017 14,404 12,719 12,908 189 1% Amortization of Acquisition Intangibles 1,385 1,384 1,290 1,289 (1) 0% Branch Closure Costs - - - 2,743 2,743 n.m. Consulting and Professional 291 193 220 1,661 1,441 655% Credit/Loan Related 4,379 4,094 4,027 4,835 808 20% Franchise and Share Tax 1,156 1,087 1,020 1,621 601 59% All Other Noninterest Expense 25,659 27,148 25,778 25,844 66 0% Total Noninterest Expense 99,566 $ 99,726 $ 99,873 $ 109,022 $ 9,149 $ 9% 2Q12 vs. 1Q12 Severance Non-Interest Expense Trends |
Non-Operating Items – 2Q12 • Acquisition and conversion-related costs of $0.5 million in 2Q12 ($0.01 EPS) • 2Q12 Severance, branch closure, and professional expenses of $5.5 million ($0.12 EPS) • 2Q12 FDIC covered loan losses of $1.4 million ($0.03 EPS) • 2Q12 Losses on acquired non-covered impaired loans of $3.2 million ($0.07 EPS) Pre-tax After-tax Per share Pre-tax After-tax Per share Pre-tax After-tax Per share Net Income (GAAP) 4,257 $ 5,186 $ 0.18 $ 26,527 $ 19,393 $ 0.66 $ 16,949 $ 12,560 $ 0.43 $ Merger-related expenses 6,393 4,156 0.15 500 325 0.01 456 296 0.01 Severance expenses 517 336 0.01 219 142 0.00 1,053 685 0.02 Branch closure expenses - - - - - - 2,743 1,783 0.06 Professsional expenses 106 69 0.01 220 143 0.01 1,661 1,080 0.04 Litigation settlement 2,750 1,788 0.06 - - - - - - Gain on sale of investments (1,428) (928) (0.03) (2,836) (1,843) (0.06) (901) (586) (0.02) Operating earnings (Non-GAAP) 12,595 10,607 0.38 24,630 18,160 0.61 21,961 15,818 0.54 Covered loan provision for loan losses 2,639 1,715 0.06 747 486 0.02 1,435 933 0.03 Acquired loan provision for loan losses - - - 1,106 719 0.02 3,189 2,073 0.07 Other provision for loan losses 7,351 4,778 0.17 1,004 652 0.02 4,271 2,776 0.09 Pre-provision operating earnings (Non-GAAP) 22,585 $ 17,100 $ 0.61 $ 27,487 $ 20,017 $ 0.68 $ 30,856 $ 21,600 $ 0.73 $ RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (dollars in thousands) For The Quarter Ended June 30, 2011 March 31, 2012 June 30, 2012 Dollar Amount Dollar Amount Dollar Amount 12 |
• Improve long-term operating efficiency, risk- adjusted profitability, and long-term growth prospects of franchise Second Quarter 2012 Outside professionals and dedicated internal resources Closing branches, staff reductions, process improvements 2Q12 cost of $5 million and $0.12 EPS 2H12 cost of $3 million and $0.06 EPS Benefit of $5 million annually, or $0.11 EPS Expect acquisition and conversion related costs of approximately $5 million pre-tax in 3Q12 13 Expenses 2Q12 3Q12 4Q12 Total Branch Closure Cost 2.7 $ 0.5 $ 0.6 $ 3.8 $ Severance Expense 1.0 0.4 0.1 1.5 Professional Services 1.7 0.6 0.5 2.8 Total Expense 5.4 $ 1.5 $ 1.2 $ 8.1 $ Benefits 2Q12 3Q12 4Q12 Full Year 2013 Facilities Expense 0.0 $ 0.2 $ 0.9 $ Salary and Benefits 0.4 0.7 2.5 Other 0.7 0.8 1.8 Total Benefits 1.1 $ 1.6 $ 5.2 $ 2Q12 3Q12 4Q12 Total Merger Related Expenses 0.5 $ 5.0 $ 0.8 $ 6.3 $ $ in millions |
14 Reported and Non-Covered Portfolio Trends Non-Covered Portfolio excludes the impact of all FDIC-assisted acquisitions and acquired impaired loans from OMNI and Cameron ($ thousands) 4Q11 1Q12 2Q12 4Q11 1Q12 2Q12 Nonaccruals 719,236 $ 677,619 $ 625,939 $ 60,303 $ 61,160 $ 66,545 $ OREO & Foreclosed 125,046 126,657 129,917 21,382 17,740 18,681 90+ Days Past Due 29,003 7,320 8,270 3,580 3,338 1,275 Nonperforming Assets 873,285 $ 811,596 $ 764,126 $ 85,265 $ 82,238 $ 86,501 $ NPAs/Assets 7.43% 6.88% 6.30% 0.87% 0.83% 0.84% NPAs/(Loans + OREO) 11.62% 10.67% 9.71% 1.41% 1.33% 1.32% LLR/Loans 2.62% 2.37% 2.42% 1.24% 1.21% 1.19% Net Charge-Offs/Loans 0.29% 0.09% 0.06% 0.31% 0.09% 0.07% Past Dues: 30-89 Days Past Due 86,467 $ 35,228 $ 46,391 $ 19,456 $ 15,429 $ 16,833 $ 90+ days Past Due 29,003 7,320 8,270 3,579 3,338 1,275 Nonaccual Loans 719,236 677,619 625,938 60,303 61,160 66,545 Total 30+ Past Dues 834,705 $ 720,167 $ 680,600 $ 83,338 $ 79,928 $ 84,653 $ % Loans 11.30% 9.63% 8.80% 1.38% 1.29% 1.30% Total Portfolio Non-Covered Portfolio (excl. Acquired impaired loans) 14 |
Commentary For Quarter Ending June 30, 2012 Asset Quality Summary Excludes FDIC covered assets and acquired impaired loans • Total criticized loans equal $357 million (24% of capital); $201 million in classified and $156 million special mention • TDR’s decreased $4.7 million to $22.6 million • 2Q12 Provision expense for this portfolio was $4 million – up $3 million compared to 1Q12 ($ thousands) 6/30/11 3/31/12 6/30/12 Year/Year Qtr/Qtr Nonperforming Assets 77,085 $ 82,238 $ 86,501 $ 12% 5% Past Due Loans 79,859 79,927 84,653 6% 6% Classified Assets 158,725 194,033 200,872 27% 4% Nonperforming Assets/Assets 0.84% 0.83% 0.84% 0 1 NPAs/(Loans + OREO) 1.37% 1.33% 1.32% (5) (1) Classified Assets/Total Assets 1.70% 1.96% 1.94% 24 (2) (Past Dues & Nonaccruals)/Loans 1.42% 1.29% 1.30% (12) 1 Provision For Loan Losses 7,351 $ 1,004 $ 4,271 $ -42% 326% Net Charge-Offs/(Recoveries) 1,628 1,339 1,102 -32% -18% Provision Less Net Charge-Offs 5,723 $ (335) $ 3,169 $ -45% 1045% Net Charge-Offs/Average Loans 0.13% 0.09% 0.07% (6) (2) Reserve For Loan Losses/Loans 1.29% 1.21% 1.19% (10) (2) %/Basis Point Change For Quarter Ended: 15 |
Loan Growth • Organic Loan Growth of $1.6 Billion or 39% Since December 2009 (16% Annualized) • FDIC Covered Loan Portfolio Declined $480 Million or -29% Since December 2009 (-11% Annualized) $ in millions * Organic loan growth excludes loans acquired in non-covered transactions (e.g OMNI and Cameron) 16 - $150 - $100 - $50 $0 $50 $100 $150 $200 $250 $300 $350 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 $64 $58 $43 $173 $149 $257 $109 $262 $164 $329 Organic Loan Growth * Covered Loan Portfolio Sterling Bank FDIC- Assisted Acquisition |
• Organic Core Deposit Growth Of $1.3 Billion Or 25% Since December 2010 (17% Annualized) • Organic Non- Interest Bearing Deposit Growth of $471 Million or 54% Since December 2010 (36% Annualized) • Cost of Core Deposits Has Fallen 37 bps To 0.44% Since December 2010 Excludes acquired deposits Organic Deposit Growth $ in millions -$300 -$200 -$100 $0 $100 $200 $300 $400 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Non-Interest Bearing Other Core Deposits Time Deposits $184 $217 $159 $281 $333 $93 17 2010 |
18 2Q12 Highlights • Favorable loan and deposit growth • Non-FDIC loan growth of $330 million came from a number of markets and in both commercial and retail markets • Houston, Lafayette, Birmingham, and Memphis showed strong commercial growth – concentrated in our C&I clients • Loans and commitments originated in 2Q12 totaled $976 million with a mix of 50% fixed and 50% floating • Strong commercial pipeline of over $455 million at quarter-end • Retail growth driven by increases in indirect lending and home equity lines of credit – arising from recent changes in this business • Period-end core deposit growth of $93 million, with non-interest bearing deposits up $44 million ($110 million linked quarter growth on an average balance basis). • Tremendous recent additions to our Houston commercial team 18 |
2Q12 Progress • In 2011, we opened nine bank branches, acquired 33 branches, and closed/consolidated 14 branches. • Since March 31, 2012, we opened six new branch locations – St. Charles Avenue in New Orleans, Acadian Village in Baton Rouge, Crestline Village in Birmingham, Sugar Land in Houston, downtown Huntsville, Alabama, and Center Street in Little Rock • Closing 10 branches in the second half of 2012 • Enhanced IBKC’s digital banking tools to better serve clients; Launched our mobile banking application Enhanced IBERIABANK website Improved on-line banking application • Increases in both new small business customers and checking account openings in 2Q12 • Focused effort on consumer lending business through home equity and indirect auto product marketing 19 |
20 2Q12 Progress • ICP/IWA revenues of $2.0 million (up 5% compared to 1Q12) • IWA assets under management increased 6%, to $924 million at June 30, 2012 • ICP brokerage commission continued to grow, while investment banking activity slowed in the quarter • Research coverage on 60 public energy companies • IFS revenue up 4%, to $2.2 million, compared to 1Q12 Total Quarterly Revenues $0.0 $0.5 $1.0 $1.5 $2.0 $2.5 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 20 |
21 |
FDIC Covered Loan Portfolio Roll Forward 22 Average Income / Expense Average Yield Average Income / Expense Average Yield Average Income / Expense Average Yield Average Income / Expense Average Yield Covered Loans 1,421,784 28,201 7.819% 1,350,935 55,518 16.139% 1,293,160 52,019 15.968% 1,218,933 51,150 16.661% Mortgage Loans 229,678 5,209 9.072% 218,922 4,799 8.768% 211,640 4,946 9.347% 196,969 5,128 10.414% Indirect Automobile - - 0.000% - - 0.000% - - 0.000% - - 0.000% Credit Card 972 16 6.693% 957 15 6.246% 901 14 6.199% 862 14 6.629% Consumer 172,391 3,780 8.698% 162,815 3,701 9.019% 155,406 3,895 10.080% 150,236 4,324 11.577% Line Of Credit-Consumer Loans 80,650 2,372 11.669% 79,220 2,502 12.528% 75,164 2,927 15.663% 72,370 2,953 16.410% Commercial & Business Banking 938,554 16,824 7.018% 889,481 44,502 19.581% 850,519 40,238 18.719% 798,767 38,731 19.186% Loans in Process (460) - 0.000% (461) - 0.000% (469) - 0.000% (272) - 0.000% Overdrafts 0 - 0.000% 0 - 0.000% 0 - 0.000% 0 - 0.000% FDIC Loss Share Receivable 626,551 (2,602) -1.625% 592,985 (29,255) -19.305% 573,776 (27,927) -19.255% 508,443 (28,484) -22.163% Net Covered Loan Portfolio 2,048,335 25,599 4.930% 1,943,920 26,263 5.327% 1,866,937 24,092 5.142% 1,727,375 22,666 5.234% Average Income / Expense Average Yield Average Income / Expense Average Yield Average Income / Expense Average Yield Average Income / Expense Average Yield Covered Loans 1,421,784 28,201 7.819% 1,350,935 55,518 16.139% 1,293,160 52,019 15.968% 1,218,933 51,150 16.661% CapitalSouth Bank 227,549 (1,827) -3.080% 209,043 14,372 26.967% 198,491 6,203 12.416% 187,742 7,077 14.966% Orion Bank 759,860 24,875 12.861% 734,021 29,565 15.817% 710,111 34,820 19.448% 673,068 33,586 19.801% Century Bank 303,773 3,024 3.979% 281,888 5,261 7.387% 264,864 6,697 10.080% 255,610 6,134 10.080% Sterling Bank 130,602 2,130 6.405% 125,983 6,319 19.631% 119,694 4,299 14.239% 102,513 4,353 16.829% FDIC Loss Share Receivable 626,551 (2,602) -1.625% 592,985 (29,255) -19.305% 573,776 (27,927) -19.255% 508,443 (28,484) -22.163% CapitalSouth Bank 57,146 5,754 39.402% 56,241 (8,707) -60.581% 49,433 (1,917) -15.338% 44,503 (3,285) -29.204% Orion Bank 375,943 (11,021) -11.472% 355,317 (16,430) -18.095% 349,685 (21,626) -24.466% 306,347 (21,149) -27.311% Century Bank 145,807 2,505 6.723% 137,868 (761) -2.160% 136,205 (2,380) -6.913% 119,445 (1,911) -6.329% Sterling Bank 47,655 159 1.310% 43,559 (3,357) -30.153% 38,453 (2,004) -20.621% 38,148 (2,139) -22.181% Net Covered Loan Portfolio 2,048,335 25,599 4.930% 1,943,920 26,263 5.327% 1,866,937 24,092 5.142% 1,727,375 22,666 5.234% CapitalSouth Bank 284,696 3,927 5.448% 265,284 5,665 8.406% 247,924 4,286 6.882% 232,245 3,792 6.493% Orion Bank 1,135,803 13,853 4.807% 1,089,338 13,135 4.756% 1,059,796 13,194 4.952% 979,415 12,436 5.033% Century Bank 449,580 5,529 4.869% 419,756 4,500 4.252% 401,069 4,317 4.309% 375,055 4,224 4.495% Sterling Bank 178,257 2,290 5.043% 169,542 2,963 6.841% 158,148 2,294 5.763% 140,661 2,214 6.236% 1Q2012 2Q2012 3Q2011 4Q2011 1Q2012 2Q2012 3Q2011 4Q2011 22 |