Summarized financial information for MidSouth Bancorp, Inc. (parent company only) follows:

Balance Sheets
December 31, 2014 and 2013
(in thousands)
	2014		2013
Assets
Cash and interest-bearing deposits in banks	$	9,452	$	7,879
Securities available-for-sale		1,218		735
Other assets		4,486		2,642
Investment in and advances to subsidiaries		219,216		211,494
Total assets	$	234,372	$	222,750

Liabilities and Stockholders’ Equity
Liabilities:
Dividends payable	$	1,208	$	1,093
Notes payable		-		1,000
Junior subordinated debentures		22,167		29,384
ESOP obligation		250		-
Other		1,735		524
Total liabilities		25,360		32,001
Stockholders’ equity		209,012		190,749
Total liabilities and stockholders’ equity	$	234,372	$	222,750

Statements of Earnings
For the Years Ended December 31, 2014, 2013, and 2012
(in thousands)
	2014		2013		2012
Revenue:
Dividends from Bank and nonbank subsidiaries	$	15,500	$	11,000	$	-
Rental and other income		87		125		102
		15,587		11,125		102

Expenses:
Interest on short- and long-term debt		1,087		1,415		984
Professional fees		217		345		804
Other expenses		844		547		1,126
		2,148		2,307		2,914
Income (loss) before equity in undistributed earnings of subsidiaries and income taxes		13,439		8,818		(2,812	)

Equity in undistributed earnings of subsidiaries		4,955		4,600		11,477

Income tax benefit		716		758		977

Net earnings	$	19,110	$	14,176	$	9,642

Statements of Cash Flows
For the Years Ended December 31, 2014, 2013, and 2012
(in thousands)
	2014			2013			2012
Cash flows from operating activities:
Net earnings	$	19,110		$	14,176		$	9,642
Adjustments to reconcile net earnings to net cash provided by operating activities:
Undistributed earnings of subsidiaries		(4,955	)		(4,600	)		(11,477	)
Other, net		(872	)		(668	)		(2,306	)
Net cash provided by (used in) operating activities		13,283			8,908			(4,141	)

Cash flows from investing activities:
Purchase of securities available-for-sale		-			(464	)		-
Proceeds from prepayments of securities available-for-sale		198			-			-
Outlays for business acquisition, net of cash acquired		-			-			(14,360	)
Other, net		217			223			-
Net cash provided by (used in) investing activities		415			(241	)		(14,360	)

Cash flows from financing activities:
Proceeds from exercise of stock options		643			69			100
Payment of preferred dividends		(704	)		(1,519	)		(1,579	)
Payment of common dividends		(3,838	)		(3,320	)		(2,932	)
Purchase of treasury stock		(9	)		-			-
Repayment of long-term debt		(8,217	)		(1,000	)		-
Net cash used in financing activities		(12,125	)		(5,770	)		(4,411	)

Net change in cash and cash equivalents		1,573			2,897			(22,912	)
Cash and cash equivalents at beginning of year		7,879			4,982			27,894
Cash and cash equivalents at end of year	$	9,452		$	7,879		$	4,982