Condensed Financial Information - Parent Company Only

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Condensed Financial Information - Parent Company Only

NOTE U   CONDENSED FINANCIAL INFORMATION - PARENT COMPANY ONLY

	December 31,
	2011		2010
ASSETS
Due from Banks	$	232,940	$	268,465
Securities Available-for-Sale, at Fair Value		1,006,695		847,320
Other Assets		370		1,114
Due from Subsidiary Bank		26,172		2,456
Investment in Bank of Louisiana		12,186,089		12,094,914
	$	13,452,266	$	13,214,269
LIABILITIES AND STOCKHOLDERS' EQUITY
Notes Payable	$	1,144,201	$	1,144,201
Deferred Taxes		250,001		195,813
Accrued Interest		48,026		33,604
Shareholders' Equity		12,010,038		11,840,651
	$	13,452,266	$	13,214,269

	December 31,
	2011			2010		2009
INCOME
Interest and Dividend Income	$	40,296		$	118,335	$	5,412
Miscellaneous Income		—			—		78,635
		40,296			118,335		84,047
EXPENSES
Interest		74,421			74,584		93,782
Other Expenses		5,627			4,746		5,630
		80,048			79,330		99,412
(LOSS) INCOME BEFORE EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARY		(39,752	)		39,005		(15,365	)
Equity in Undistributed Earnings of Subsidiary		90,421			240,629		145,250
INCOME BEFORE INCOME TAX BENEFIT		50,669			279,634		129,885
INCOME TAX BENEFIT		23,717			19,496		5,291
NET INCOME	$	74.386		$	299,130	$	135,176

	December 31,
	2011			2010			2009
OPERATING ACTIVITIES
Net Income	$	74,386		$	299,130		$	135,176
Adjustments to Reconcile Net Income to Net Cash (Used in) Provided by Operating Activities
Equity in Undistributed Earnings of Subsidiary		(90,421	)		(240,629	)		(145,250	)
Net Decrease (Increase) in Other Assets		744			744			(1,489	)
Net Increase (Decrease) in Other Liabilities		14,420			(24,701	)		2,795
Net Cash (Used in) Provided by
Operating Activities		(871	)		34,544			(8,768	)
FINANCING ACTIVITIES
Preferred Stock Retired		(10,938	)		(21,434	)		(128,217	)
(Increase) Decrease in Due to/from Subsidiary		(23,716	)		(26,151	)		51,350
Proceeds from Issuance of Long-Term Debt		—			—			1,000,000
Repayment of Long-Term Debt		—			—			(1,399,000	)
Net Cash Used in Financing Activities		(34,654	)		(47,585	)		(475,867	)
NET DECREASE IN CASH
AND CASH EQUIVALENTS		(35,525	)		(13,041	)		(484,635	)
CASH AND CASH EQUIVALENTS -
BEGINNING OF YEAR		268,465			281,506			766,141
CASH AND CASH EQUIVALENTS -
END OF YEAR	$	232,940		$	268,465		$	281,506