Attached files
| file | filename |
|---|---|
| EX-99.1 - PRESS RELEASE - IBERIABANK CORP | d386080dex991.htm |
| 8-K - FORM 8-K - IBERIABANK CORP | d386080d8k.htm |
 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 |