Iberiabank (IBKC) 8-K IBERIABANK Corporation Reports Second Quarter Results

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