8-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 10, 2011

IBERIABANK CORPORATION

(Exact name of Registrant as Specified in Charter)

Louisiana	0-25756	72-1280718
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

200 West Congress Street, Lafayette, Louisiana 70501

(Address of Principal Executive Offices)

(337) 521-4003

Registrant’s telephone number, including area code

NOT APPLICABLE

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

x Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 7.01 REGULATION FD DISCLOSURE

Attached as Exhibit 99.1 to this Current Report on Form 8-K is a slide presentation which the Company is presenting at the Gulf South Bank Conference in New Orleans on Tuesday, May 10, 2011. Exhibit 99.1 to this Report is incorporated herein by reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits.

The exhibit listed in the exhibit index is furnished pursuant to Item 7.01 as part of this Current Report on Form 8-K and is not to be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	IBERIABANK CORPORATION
DATE: May 10, 2011	By:	/s/ Daryl G. Byrd
		Daryl G. Byrd
		President and Chief Executive Officer

EXHIBIT INDEX

Exhibit Number
99.1	Gulf South Bank Conference Presentation.

EX-99.1

Gulf South Bank Conference

Gulf South Bank Conference

May 2011

May 2011

Exhibit 99.1

Safe Harbor And 425 Language

Safe Harbor And 425 Language

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 mergers, IBERIABANK Corporation has filed Registration

Statements

on

Form

S-4

that

contain

a

proxy

statement/prospectus.

INVESTORS

AND

SECURITY

HOLDERS

ARE

URGED

TO

CAREFULLY

READ

THE

PROXY

STATEMENT/PROSPECTUS

REGARDING

THE

PROPOSED

TRANSACTIONS WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.

Investors and security holders may obtain a free copy of the proxy statement/prospectus (when it is available)

and other documents containing information about IBERIABANK Corporation, Cameron Bancshares, Inc. and

OMNI BANCSHARES Inc., without charge, at the SEC's web site at http://www.sec.gov. Copies of the proxy

statement/prospectus and the SEC filings that will be 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”.

This

communication

is

not

an

offer

to

purchase

shares

of

Cameron

Bancshares,

Inc.

common

stock

or OMNI BANCSHARES, Inc. common stock, nor is it an offer to sell shares of IBERIABANK Corporation common

stock which may be issued in either proposed merger.  Any issuance of IBERIABANK Corporation common stock

in either proposed merger would have to be registered under the Securities Act of 1933, as amended, and such

IBERIABANK Corporation common stock would be offered only by means of a prospectus complying with the Act.

2

Company

Company

Overview

Overview

•

Headquartered In Lafayette, Louisiana

•

Since 1887 –

2

nd

Oldest & 2

nd

Largest LA-Based Bank

•

Approximately $10 Billion in Assets

•

Market Cap of Approximately $1.6 Billion

•

Relatively Strong Asset Quality Measures

•

Conservative and We Don’t Cut Corners

•

Minimize Loan Concentrations

•

Core Funded

•

Balanced From An Interest Rate Risk Position

•

Large Fee-Based Businesses

•

Completed Five FDIC-Assisted Transactions

•

Announced Two Live-Bank Deals

•

Operations in 12 States

Summary

IBKC Overview

IBKC Overview

4

A Few Recent

Activities

IBKC Overview

IBKC Overview

5

1Q08

Company Reached $5 Billion in Assets

Capital -

Issued $7 Million in Trust Preferred

2Q08

FDIC -

Acquired ANB (Bentonville, AR)

3Q08

Capital -

Issued $90 Million in TARP Preferred Stock

4Q08

Capital -

Issued $110 Million in Common Stock

Added Teams in Mobile, New Orleans and Houston

1Q09

Capital -

First in the U.S. To Pay Back TARP Preferred Stock

Capital -

Second in the U.S. To Buy Back TARP Warrants

2Q09

Pulaski Bank & Trust Becomes IBERIABANK fsb

FDIC -

Acquired CapitalSouth Bank (Birmingham, AL)

3Q09

Added Team In Birmingham

Capital -

Issued $165 Million in Common Stock

4Q09

FDIC -

Acquired Orion Bank (Naples, FL) And Century Bank (Sarasota, FL)

Converted Systems For CapitalSouth Bank

1Q10

Capital -

Issued $329 Million in Common Stock

Reported Insignificant Exposure to Deepwater Horizon Event in Gulf Of Mexico

2Q10

Converted Systems For Orion Bank And Century Bank

Company Reached $10 Billion in Assets

3Q10

FDIC -

Acquired Sterling Bank (Lantana, FL)

Converted Systems For Sterling Bank

4Q10

Launched IBERIA Capital Partners And IBERIA Wealth Advisors

Merged And Converted IBERIABANK fsb

1Q11

Announced Acquisition of OMNI BANCSHARES, Inc. (Metairie, LA)

Announced

Asset

Acquisition

of

Florida

Trust

Company

(Naples/Ft.

Lauderdale,

FL)

Announced

Acquisition

of

Cameron

Bancshares,

Inc.

(Lake

Charles,

LA)

6

IBKC Overview

IBKC Overview

Our Locations

Daryl G. Byrd

President and CEO

Beth A. Ardoin, EVP

Director of Communications

Resides in Lafayette, LA

Indicates cities in which our  members of Senior Management (Market Presidents,

Executive Vice Presidents, etc.) have resided/worked.

Resides in Greensboro, GA

James B. Gburek, EVP

Chief Risk Officer

IBKC Overview

IBKC Overview

Where We Lived & Worked

Albuquerque, NM

Annapolis, MD

Boston, MA

Buffalo, NY

Charlottetown,

PE, Canada

Chennai, India

Columbus, OH

Detroit, MI

Flint, MI

Hartford, CT

Indianapolis, IN

Experience in Additional Cities:

Las Vegas, NV

Mansfield, PA

Morris Plains, NJ

Pittsburgh,  PA

Phoenix, AZ

San Diego, CA

Scottsdale, AZ

Wilmington, DE

Resides in Greensboro, NC

Gregg Strader, EVP

Chief Credit Officer

Resides in Raleigh, NC

John R. Davis, SEVP

Director of Financial Strategy and Mortgage

Broad Experience Throughout

Southeastern U.S.

George J. Becker III, EVP

Director of Corporate Operations

Barry J. Berthelot, EVP

Director of Organizational Development

Resides in New Orleans, LA

Michael J. Brown, VC

Chief Operating Officer

Jefferson G. Parker, VC

Manager of Brokerage, Trust,

and Wealth and Management

Anthony J. Restel, SEVP

Chief Financial Officer

Robert B. Worley

General Counsel

Indicates cities in which our 11 members of Executive Management have resided/worked

MSA Unemployment Rates

IBKC Overview

IBKC Overview

•

Our Legacy

Markets

Retain Some

Of The

Lowest

Rates of

Unemploy-

ment  In The

U.S.

•

Acquired

Markets 

Have Some

Of The

Highest

Rates

Source: U.S. Bureau of Labor Statistics, February 2011 Data.

8

Ranking 372 U.S. MSAs

February 2011 Unemployment Rates (Red)

Dashed: Dec 2010, Feb 2010,

Feb -

2010

Feb -

2011

Dec -

2010

Organic Growth And Recruiting

•

Memphis

•

Mobile

•

Houston

•

Birmingham

IBKC Overview

IBKC Overview

•

New Orleans

•

Lafayette

•

Jonesboro

•

Sarasota

•

Naples

•

Montgomery

•

Birmingham

•

Auburn

•

Columbus

•

Idaho Falls

•

Tampa

•

Ft. Myers

•

Sarasota

•

Deland, FL

Commercial

Banking Teams

Formed In:

Commercial/

Retail Recruits

Added In:

Mortgage

Origination Teams

Formed In:

•

Built Iberia Capital Partners

•

Commenced Operation in 3Q10

•

25 Professionals based in New Orleans

9

Asset Quality

Asset Quality

Loan Portfolio Diversification

Asset Quality

Asset Quality

•

$6.1 Billion Loan

Portfolio

•

Acquired $2.6

Billion Of

Gross Loans In

FDIC-Assisted

Acquisitions

Covered Under

Loss Share

Agreements

Note: Loans Net of  Purchase Discounts at March 31, 2011

11

Nonperforming Assets Low And Stable

Asset Quality

Asset Quality

•

$913 Million

in NPAs, But

$835 Million

Covered

Under FDIC

Loss Share

•

Legacy TDRs

Total Only

$23 Million

* Excludes FDIC Covered Assets.

•

25% Of

Loans Are

FDIC Covered

Assets

12

IBERIABANK

Corporation

1.01%

AVG GULF

SOUTH PEERS

4.02%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

Dec-

99

Dec-

00

Dec-

01

Dec-

02

Dec-

03

Dec-

04

Dec-

05

Dec-

06

Dec-

07

Dec-

08

Dec-

09

Dec-

10

Mar-

11

Nonperforming Assets to Total Assets

IBERIABANK Corporation

AVG GULF SOUTH PEERS

Loans Past Due Remain Tempered

Asset Quality

Asset Quality

* Excludes FDIC Covered Assets.

13

IBERIABANK

Corporation

1.65%

AVG GULF SOUTH

PEERS

7.91%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

Dec-

99

Dec-

00

Dec-

01

Dec-

02

Dec-

03

Dec-

04

Dec-

05

Dec-

06

Dec-

07

Dec-

08

Dec-

09

Dec-

10

Mar-

11

Loans Past Due 30+ Days (Including Non-accruals) to Total Loans

IBERIABANK Corporation

AVG GULF SOUTH PEERS

Modest Net Charge-Offs

Asset Quality

Asset Quality

* Excludes FDIC Covered Assets.

14

IBERIABANK

Corporation

-0.06%

AVG GULF

SOUTH PEERS

1.30%

-0.20%

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

1.20%

1.40%

Dec-

99

Dec-

00

Dec-

01

Dec-

02

Dec-

03

Dec-

04

Dec-

05

Dec-

06

Dec-

07

Dec-

08

Dec-

09

Dec-

10

Mar-

11

Net Charge

-Offs to Average Loans

IBERIABANK Corporation

AVG GULF SOUTH PEERS

Financials

Financials

2010 Summary

•

Revenues Up 48%*

•

EPS Down (-78%)

•

Stable Dividends

•

Share Price Up 10%

•

Assets Up 3%

•

Deposits Up 5%

•

Market Cap Up 43%

•

BV Per Share Up 5%

•

Tangible BVS Up 14%

Financials

Financials

1Q11 vs. 4Q10

•

Revenues Down 3%

•

EPS Up 12%

•

Stable Dividends

•

Share Price Up 2%

•

Assets Down 1%

•

Deposits Down 1%

•

Market Cap Up 2%

•

BV Per Share Up 0%

•

Tangible BVS Up 1%

* Excludes gains on acquisitions

16

Solid Organic Loan Growth

Financials

Financials

•

$223 Million

Organic Loan

Growth Since

2009 (+7%)

•

Counter To

Industry

Trends

17

0%

10%

20%

30%

40%

50%

60%

Data Indexed at 12/31/2006

Organic Loan Growth

December

2006

-

March 2011

IBERIABANK Corporation

U.S. Commercial Banks

IBKC

data

based

on

organic

growth

-

excluding

one-time

impact

of

acquisitions

Organic Deposit Growth

Financials

Financials

•

$797 Million

Since 2008

(+28%)

•

$253 Million

Since 2009

2010 (+8%)

18

0%

10%

20%

30%

40%

50%

60%

Data Indexed at 12/31/2006

Organic Loan Growth

December 2006

-

December 2010

IBERIABANK Corporation

U.S. Commercial Banks

IBKC

data

based

on

organic

growth

-

excluding

one-time

impact

of

acquisitions

Deposit Portfolio Diversification

Financials

Financials

•

Balanced And

Diverse Deposit

Portfolio

•

Average Cost Of

Interest-Bearing

Deposits Was

1.10% In 1Q11,

Down 10 Bps

Versus 4Q10

(March 2011 was

1.07%)

Note: Deposits Net of  Purchase Discounts at March 31, 2011

•

Paid Down

Borrowings

19

Louisiana

48.1%

Alabama

5.7%

Florida

30.0%

Arkansas

12.5%

Tennessee

1.8%

Texas

1.9%

Excess Liquidity

Financials

Financials

•

Excess Liquidity:

•

Negatively

Impacted Margin

Until Fully

Deployed

1Q10:  $543 Million

2Q10:  $1.1 Billion

3Q10:  $1.0 Billion

4Q10:  $616 Million

1Q11:  $217 Million

•

Driven By FDIC-

Related Cash,

Capital Raise,

Deposit Flows

Source: SNL

20

IBERIABANK

Corporation

25.6%

AVG GULF

SOUTH PEERS

17.1%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

Dec-

99

Dec-

00

Dec-

01

Dec-

02

Dec-

03

Dec-

04

Dec-

05

Dec-

06

Dec-

07

Dec-

08

Dec-

09

Dec-

10

Mar-

11

Liquidity Ratio

IBERIABANK Corporation

AVG GULF SOUTH PEERS

Interest Rate Risk –Asset Sensitive

Financials

Financials

Source: Bancware at June 30, 2010, September 30, 2010, December 31, 2010 and March 31, 2011

21

6/30/10

Consolidated

9/30/10

Consolidated

12/31/10

Consolidated

3/31/11

Consolidated

6/30/10

Consolidated

9/30/10

12/31/10

Consolidated

3/31/11

Consolidated

+200 bps

20.4%

12.2%

2.3%

1.5%

1.4%

0.8%

-3.6%

-3.8%

+100 bps

10.0%

5.7%

0.8%

0.4%

2.4%

3.5%

-0.7%

-1.1%

Base Case

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

-100 bps

-1.6%

-0.6%

0.4%

0.3%

-5.7%

-3.2%

-3.1%

-2.9%

-200 bps

-2.2%

1.1%

-0.7%

0.1%

-9.8%

-5.7%

-13.1%

-12.3%

Blue Chip

2.0%

-0.1%

-0.2%

0.0%

-0.7%

6.8%

1.7%

-0.5%

Forward Curve

1.2%

0.1%

0.1%

0.1%

0.7%

3.5%

0.5%

-0.7%

Change in Net Interest Income

Change in Economic Value of Equity

Consolidated

Service Charges/Revenues

Financials

Financials

22

•

Less Reliance On

Service Charge

Income And

Consumer Fees

Than Peers

•

77% Of Eligible

Accounts With

Overdraft Activity

Have Opted-In To

Overdraft Services

(Reg-E)

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

TIBB

EBTX

PBIB

IBKC

WTNY

CSFL

UCBI

SBCF

PFBX

FSGI

HOMB

TRMK

BXS

HBHC

SFNC

FMFC

RNST

SBSI

MSL

CCBG

OZRK

IBKC = 5.2%

Source: SNL

Data as of most recent quarter

Non-Interest Income Excludes Gains on Acquisitions and Investment Sales

Acquisitions

Acquisitions

New Charters, Acquisitions & Failures

Acquisitions

Acquisitions

•

New Charters

And Mergers

Have Dropped

•

Outpost Sales

Are Spotty

•

FDIC Sales Are

Steady, But

Well Below

Prior Cycle

•

Many More To

Come

Source: FDIC And OTS. –

data through December 31, 2010

24

(1,200)

(1,000)

(800)

(600)

(400)

(200)

-

200

400

Failures & Others

Mergers

New Charters

Summary of Our FDIC-Assisted Acquisitions

•

Total Assets of $4.2 Billion

•

Total Deposits of $3.4 Billion

•

Deposits Assumed at a Discount of $39 Million

•

Gross Loans of $2.5 Billion

•

Loans Purchased at a $515 Million Discount

•

Loans Come With FDIC Loss Share Protection

•

Pre-Tax Gain of $231 Million

•

50 Offices in 9 MSAs in Alabama & Florida

•

Fixed Assets /Owned Property at Appraised Value

Acquisitions

Acquisitions

25

OMNI BANCSHARES, Inc.

•

Announced February 22, 2011

•

Adds 14 branches –

nearly doubles branches

and market share in New Orleans MSA

•

Complementary client base –

enhances

ability to compete and capitalize on current

market dislocation

•

Total Loans:  $525 million

•

Total Assets:  $735 million

•

Total Deposits:  $646 million

•

Total Equity: $31 million plus $15 million TRP

•

Total deal value of $40 million plus assume

$24 million in trust preferred and HC debt

•

B/T credit mark of $51 million (9% of loans)

•

Price / Tangible Book: 1.3x

•

Core Deposit Premium:  1.8%

•

Adjusted Core Deposit Premium:  6.2%

•

Accretive to EPS

•

Slightly dilutive to TVBS

•

High teens IRR

Non-FDIC Acquisitions

Non-FDIC Acquisitions

26

IBERIABANK Branches

OMNI Branches

Cameron Bancshares, Inc.

Non-FDIC Acquisitions

Non-FDIC Acquisitions

27

Cameron Branches

•

Announced March 11, 2011

•

Adds 22 branches in Lake Charles MSA

•

Attractive, established client base

including a favorable small business and

retail client mix

•

Total Loans:  $408 million

•

Total Assets:  $706 million

•

Total Deposits:  $575 million

•

Total Equity:  $77 million

•

Total deal value of $133 million

•

Includes $25 million, pre-tax credit mark

(6% of loans)

•

Price / Tangible Book: 1.7x

•

Core Deposit Premium:  13.4%

•

Adjusted Core Deposit Premium:  12.3%

•

Accretive to EPS

•

Slightly dilutive to TVBS

•

IRR in excess of 20%

Summary

•

Total Assets of $1.4 Billion (+14%)

•

Securities of $0.3 Billion (+12%)

•

Total Loans of $0.9 Billion (+15%)

•

Total Deposits of $1.2 Billion (+15%)

•

Shareholders Equity of $0.1 Billion (+8%)

•

36 Offices in 3 MSAs in Louisiana (+25%)

•

497 Employees (+23%)

Non-FDIC Acquisitions

Non-FDIC Acquisitions

28

Data as of December 31, 2010

Non-FDIC Acquisitions

Non-FDIC Acquisitions

Pro Forma Balance Sheet And Capital Ratios

29

Pro Forma

IBKC

OMNI

Cameron

As of

Stand Alone

Stand Alone

Stand Alone

12/31/10

Cash & Equivalents

338

55

25

353

Securities

2,089

91

230

2,411

Gross Loans

6,119

525

408

7,009

Reserves

(136)

(8)

(5)

(136)

Net Loans

5,983

517

403

6,873

Goodwill

234

-

-

323

Identifiable Intangibles

30

-

-

36

Other Asset

1,352

71

47

1,486

Total Assets

10,027

735

706

11,481

Deposits

7,915

645

575

9,135

Borrowings

653

57

48

710

Other Liabilities

156

2

6

163

Total Liabilities

8,723

704

628

10,007

Non-Controlling Interests

-

-

-

-

Preferred Equity

-

-

-

-

Common Equity

1,303

31

77

1,474

Total Liabilities & Equity

10,027

735

706

11,481

Tangible Common Equity

1,040

31

77

1,115

Tangible Assets

9,763

735

706

11,122

TCE/TA

10.65%

4.23%

10.96%

10.03%

Tangible Book Value per Share

$38.68

$14.72

$112.34

$37.15

Tier 1 Leverage

11.24%

5.72%

10.96%

10.66%

Tier 1 RBC

18.48%

7.75%

16.35%

17.05%

Total Risk Based

19.74%

9.86%

17.53%

18.36%

At

December

31,

2010

Summary

Summary

-100%

0%

100%

200%

300%

400%

500%

600%

10 Year Total Cumulative Return %

Publicly

Traded BHCs in AL, AR, FL, GA, LA, MS, NC, SC, TN, TX

Shareholder Returns Over Last 10 Years

Summary

Summary

•

Dividends Per

Share of $1.36 in

2010 vs. $0.53 in

2000 (+156%)

•

Share Price Up

215% Between 

1Q01 and 1Q11

Source: SNL and Bloomberg

7

th

Highest Total

Return To

Shareholders Over

The 10 Years Ended

March 31, 2011 of

176 Publicly Traded

Bank Holding

Companies

IBKC = 296%

31

3-Year Total Return

Summary

Summary

Source: SNL on May 6, 2011

•

Outperformed

During A Very

Tumultuous

Time Period

•

Driven By Our

Very Unique

Position And

Opportunities

32

-70%

-60%

-50%

-40%

-30%

-20%

-10%

0%

10%

20%

Southeast Banks

Micro Cap Banks

Banks < $250M

Mid Cap Banks

TARP Participants

S&P Bank

Banks < $500M

Banks > $10B

Banks $250M-$500M

S&P Financials

Banks

KBW Bank

Banks $1B-$5B

Large Cap Banks

Midwest Banks

Mid-Atlantic Banks

Banks $500M-$1B

Small Cap Banks

Banks $5B-$10B

New England Banks

All Financial Institutions

NASDAQ Bank

NASDAQ Finl

Southwest Banks

Western Banks

NYSE

S&P 500

Russell 3000

NASDAQ

Russell 2000

IBERIABANK Corporation

S&P Mid-Cap

S&P Small-Cap

+15%

Summary

Summary

Over The Past Three Years….

Over The Past Three Years….

Total Revenues Of $1.2 Billion

Earned $243 Million; $13.26 EPS

Paid $76 Million In Dividends, Or

$4.08 Per Share (31% Payout)

Improved Asset Quality And

Capital Strength

Added:

•

+$5 Billion Assets (Doubled)

•

+76 New Locations

•

+803 Associates

•

+$19.62 In Tangible BVS

•

+$1 Billion Market Cap.

At The End Of 2010:

•

Total Assets Of $10 Billion

•

2,097 Associates

•

Operations In 12 States

IBERIABANK Corporation

•

Longevity And Experience

•

Economically Vibrant Legacy Markets

•

Diversified Markets And Revenues

•

Multiple Growth Engines (Organic And M&A)

•

Disciplined, Yet Opportunistic

•

Exceptional Asset Quality

•

Outsized FDIC Loss Share Protection

•

Tremendous Liquidity And Capital

•

Funded By Stable Core Deposits

•

Balanced From An Interest Rate Risk Position

•

Unique Business Model

•

Favorable Risk/Return Trade-Off

Summary

Summary

34

Appendix

Appendix

Overview

OMNI BANCSHARES, Inc.

OMNI BANCSHARES, Inc.

Markets

37

Headquartered in Metairie (suburb

of New Orleans)

Bank founded in 1988 in response

to the need for a community-

oriented, community-involved

financial institution

Focused on needs-based selling to

attract, retain and deepen customer

relationships

Chairman & CEO Jim Hudson was

honored by the ABA as the

Community Banker of the Year for

quickly restoring banking operations

following Hurricane Katrina

Financial Highlights

Total Loans:  $525 million

Total Assets:  $735 million

Total Deposits:  $646 million

Total Equity: $31 million plus

$15 million trust preferred

13 branches in 5 New Orleans MSA

parishes and 1 branch in Baton

Rouge

Key MSAs: New Orleans, Baton

Rouge

At December 31, 2010

OMNI

OMNI

-

-

Loan

Loan

&

&

Deposit

Deposit

Portfolios

Portfolios

Loans

-

$525

Million

Deposits

-

$646 Million

Balances at December 31, 2010

38

Non Farm Non-Res

RE

35%

Residential 1-4

Family

27%

Construction

16%

Commercial

8%

Multi Family

6%

Other RE Loans

5%

Consumer

1%

Visa

0%

Other

0%

MMDA

36%

Non-Interest Bearing

22%

CDs < $100M

20%

CDs > $100M

17%

Savings

3%

IRAs

2%

OMNI

OMNI

-

-

Strengthens Our New Orleans Franchise

Strengthens Our New Orleans Franchise

Source: SNL Financial Deposit Data as of June 2010

IBERIABANK Branches

Omni Branches

New Orleans MSA

Rank

Company

Branches

Deposits

Mkt.

Share

1

Capital  One

60

$ 8.6  

27%

2

Hancock/

Whitney

59

4.5

18

3

JPMorgan

38

4.2

16

4

Regions

34

2.4

9

5

Pro Forma

IBERIABANK

26

1.3

4

5

First NBC

15

1.1

3

6

Fidelity

Homestead

14

0.8

3

7

Gulf Coast

14

0.7

3

8

IBERIABANK

12

0.7

2

9

Omni Bank

14

0.6

2

10

First Trust

8

0.5

2

39

OMNI -

OMNI -

New Orleans/Baton Rouge Distribution

New Orleans/Baton Rouge Distribution

Main Office –

Metairie

Deposits: $175 million

Kenner Office

Deposits: $46 million

Mandeville Office (Northshore)

Deposits: $30 million

Harvey Office (West Bank)

Deposits: $38 million

Baton Rouge Office

Deposits: $37 million

Gretna Office (West Bank)

Deposits: $59 million

40

Diligence Scope

OMNI -

OMNI -

Credit Summary

Credit Summary

Total 44 people over 3 weeks; credit

team was 10 people over 1 week

Reviewed approximately half of the

loan portfolio’s outstanding balances

Sampled 36% of OMNI’s $148 million

1-4 family residential loan portfolio

All loans are in-market loans

Primarily small business, retail and

institutional focus

No industry concentrations

Very granular loan portfolio

Credit mark: approximately $51 million (b/t)

Loan Portfolio Comments

Loan Portfolio Composition

(Include unfunded commitments) 

Loans

$ mm

%Total

#Notes

Avg. ($000)

1-4 Family Residential

$148

26%

950

$156

1-4 Family HELOC

13

2

305

43

1-4 Family Construction

38

7

224

168

Construction/Land

53

9

230

230

CRE-Owner Occupied

122

21

306

398

CRE-Non-Owner Occup.

91

16

156

580

CRE-Multifamily

52

9

77

669

C&I

44

8

525

83

Consumer

7

1

741

10

Other Loans

8

1

100

85

Total Loans

$574

100%

3,114

$184

41

Merger -Related Costs

OMNI -

OMNI -

Costs And Synergies

Costs And Synergies

Merger Considerations

Approximately $15 million in costs:

Pay all outstanding Change in Control

agreements totaling $3.4 million

$3.4 million in contract terminations

$1.7 million in severance/retention

$1.4 million lease terminations

$1.3 million in property costs

$3.8 million other merger-related costs

Costs incurred primarily between

merger announcement and conversion

Annual Synergies

Approximately $9 million annually:

$4.6 million in compensation/benefits

$1.9 million IT, equipment, outside services

$0.9 million in legal/professional fees

$1.6 million in other cost savings

No corporate or bank board seats

2 employment & 1 consulting agreement

Convert OMNI stock options to IBKC

options (remain out of the money)

No branch divestitures anticipated

Consolidate aggregate 5 offices

42

OMNI -

OMNI -

Transaction Overview

Transaction Overview

(1) Price collars up 5% (IBKC price greater than $60.53) and down 5% (IBKC price less than $54.77), at which points the stock

consideration to OMNI shareholders becomes fixed

(2) Based on IBKC’s closing price of $57.17 per share as of February 18, 2011

(3) Adjusted

core

deposit

premium

calculation

based

on

adjusted

tangible

book

value

which

is

equal

to

stated

tangible

book

value

less  the

after-tax credit mark on loans at close net of allowances

43

Consideration:

Tax-free, stock

-for-stock exchange

Fixed exchange ratio of 0.3313 share of IBKC common stock

for each OMNI share

(1)

Deal Value:

$40 million

(2)

plus assume $24 million in trust preferred and

holding company debt

Valuation Multiples:

Price / Tangible Book: 1.3x

Core Deposit Premium:  1.8%

Adjusted Core Deposit Premium

(3)

:  6.2%

Due Diligence:

Completed comprehensive due diligence

Detailed loan and securities analysis

Required Approvals:

OMNI shareholder approval

Customary regulatory approvals

Timing:

Expected closing in second quarter of 2011

OMNI -

OMNI -

Financial Assumptions & Impact

Financial Assumptions & Impact

Conservative

Financial

Assumptions

Attractive

Financial

Impact

Credit Mark:

$51 million, pre-tax; 9% of total OMNI loans

Including prior NCOs, represents cumulative loss of 11% of

OMNI’s legacy portfolio

Other Marks:

Estimated to be immaterial in aggregate

Cost Savings:

Cost savings of approximately $9 million, pre-tax annually

Represents approximately 25% of OMNI’s operating

non-interest expenses

Fully achieved by the second half of 2012

Revenue synergies identified, but not included in

estimates

Merger Related Costs:

Approximately $15 million, pre-tax

Immediately accretive to net income and EPS, excluding impact of merger-related costs

Slightly dilutive to tangible book value per share

High teens IRR, well in excess of our cost of capital

Strong pro forma capital ratios:

* Pro forma as if acquisition completed at December 31, 2010

IBKC

Pro Forma *

Pre-Acquisition

Combination

TCE Ratio

10.65%

9.96%

Leverage Ratio

11.24%

10.60%

Tier 1 Risk Based Capital Ratio

18.48%

17.21%

Total Risk Based Capital Ratio

19.74%

18.54%

44

OMNI -

OMNI -

Transaction Rationale

Transaction Rationale

Compelling

Strategic

Rationale

Financially

Attractive

Low Risk

Lower-risk, in-market acquisition of a Greater New Orleans-based community bank

Attractive, established client base; complements our client base

Nearly doubles our distribution and market share in the New Orleans MSA

Adds 14 branches and approximately $646 million of deposits

Favorable small business and retail client mix

Enhances our ability to compete and capitalize on current market

dislocation

Significant combination benefits including identified cost savings and opportunity to

utilize our product set

Expected to be immediately accretive to net income and EPS, excluding one-time

merger costs

Partial deployment of proceeds from common stock sold in March 2010

Maintains strong pro forma capital ratios

Anticipated high teens internal rate of return

Companies know one another well

Comprehensive due diligence including detailed credit analysis

Similar cultures and strong business fit

Proven track record of well-priced, well-integrated transactions

45

2010 Net Income: $9.3 million

Total Loans:  $408 million

Total Assets:  $706 million

Total Deposits:  $575 million

Total Equity: $77 million

NPAs/Total Assets: 1.34% (5-

year average of 0.43%)

Overview

Cameron Bancshares, Inc.

Cameron Bancshares, Inc.

Markets

Headquartered in Lake Charles,

Louisiana (Calcasieu Parish)

Bank founded in 1966

Extremely profitable –

Average ROA and

ROE of 1.45% and 14.59% over the past

5 years, respectively.

Core funded with cost of funds of 0.83%

(5-year average of 1.26%)

Focus on retail and small business

Sizeable auto lending business (6% of

loans)

Excellent marketing programs

Named “Best Bank”

in The Times of

Southwest Louisiana 12 straight years

and “Best Bank”

in Lagniappe’s Best of

Lake Charles readers poll 10 straight

years.

CEO Roy M. Raftery, Jr. is 68 years old

22 branches and 48 ATMs in

greater Lake Charles market area

Key MSAs: Lake Charles

Concentrated distribution system

(convenience strategy)

Financial Highlights

At December 31, 2010

46

MMDA

6%

Now Accounts

27%

Non-Interest Bearing

29%

CDs < $100M

12%

CDs > $100M

16%

Savings

10%

Cameron -

Cameron -

Loan and Deposit Portfolios

Loan and Deposit Portfolios

Loans -

$408 Million

Deposits -

$575 Million

Balances at December 31, 2010

Non Farm Non-Res

RE

43%

Residential 1-4

Family

20%

Commercial

13%

Consumer

11%

Construction

10%

Multi Family

2%

Other

2%

Visa

0%

47

Cameron

Cameron

-

-

Strengthens Our Louisiana Franchise

Strengthens Our Louisiana Franchise

Source: SNL Financial Deposit Data as of June 2010

Cameron Branches

48

Lake Charles MSA

Rank

Company

Branches

Deposits

Mkt.

Share

1

Capital  One

15

$ 834          27%

2

JPMorgan

12

597

19

3

IBERIABANK/

Cameron

19

538

17

4

First Federal

7

349

11

5

Hancock/

Whitney

5

250

8

6

Jeff Davis

8

234

7

7

Business First

1

105

3

8

Louisiana

Community

4

55

2

9

Midsouth

3

55

2

10

Financial Corp.

2

43

1

Cameron -

Cameron -

Greater Lake Charles Distribution

Greater Lake Charles Distribution

Main Office –

Lake Charles

Deposits: $163 million

Ryan St. Office

Deposits: $37 million

Westlake Office

Deposits: $25 million

Maplewood Office

Deposits: $39 million

Oak Park Office

Deposits: $25 million

De Quincy Office

Deposits: $23 million

Source: Company reports at December 31, 2010

49

Diligence Scope

Cameron

Cameron

-

-

Credit

Credit

Summary

Summary

Total 50 people over 3 weeks; credit

team was 12 people over 1 week

Reviewed $279 million or over 70% of

the loan portfolio’s outstanding balances

All loans are in-market loans

Primarily small business, retail and

consumer focus

No industry concentrations

Very granular loan portfolio

Credit mark: approximately $25 million

(6% of loans). 

Loan Portfolio Comments

Loan Portfolio Composition

Source: Company reports at December 31, 2010

–

excludes overdraft loans and loans in process

Loans

$ mm

%Total

#Notes

Avg. Size

($000)

Commercial RE

$212

53%

       465

$455

RE Other

$41

10%

       270

$152

Motor Vehicle

$26

6%

    2,272

$11

Res 1st Mtg Family

$36

9%

       484

$74

Other RE

$28

7%

       331

$85

Rec, Notes, Life Ins.,

Bonds, CDs, Svgs

$24

6%

       579

$41

Unsecured

$11

3%

    1,379

$8

Inventory

$7

2%

         22

$327

Mobile Home

$2

0%

         72

$22

Boat/Airplane/Travel/

RV/Motor Cycle

$4

1%

       300

$13

2nd Mtg. Family

Home

$3

1%

         43

$77

Other

$10

2%

       602

$16

Total Loans

$403

    6,819

$59

                          (Include unfunded commitments)

50

Merger -Related Costs

Cameron -

Cameron -

Costs And Synergies

Costs And Synergies

Merger Considerations

Approximately $11.2 million in costs:

Pay all outstanding Change in Control

agreements totaling $3.1 million

$1.8 million in contract terminations

$1.3 million in severance/retention

$1.0 million in property costs

$4.0 million other merger-related costs

Costs incurred primarily between

merger announcement and conversion

Annual Synergies

Approximately $5.5 million annually:

$3.2 million in compensation/benefits

$1.3 million IT, equipment, outside

services

$1.0 million in other cost savings

No corporate or bank board seats

One employment agreement

No stock options or warrants

No branch divestitures anticipated

Consolidate 2 offices

51

Cameron

Cameron

-

-

Transaction Overview

Transaction Overview

(1) Price collars up 10% (IBKC price greater than $61.81) and down 10% (IBKC price less than $50.57), at which points the stock

consideration to Cameron shareholders becomes fixed

(2) Based on IBKC’s closing price of $55.64 per share as of March 10, 2011

(3) Adjusted

core

deposit

premium

calculation

based

on

adjusted

tangible

book

value

which

is

equal

to

stated

tangible

book

value

less 

the after-tax credit mark on loans at close net of allowances

52

Consideration:

Tax-free, stock-for-stock exchange

Fixed exchange ratio of 3.464 shares of IBKC common stock

for each  Cameron share

(1)

Deal Value:

$133 million

(2)

Valuation Multiples:

Price / Tangible Book: 1.7x

Core Deposit Premium:  13.4%

Adjusted Core Deposit Premium

(3)

:  12.3%

Due Diligence:

Completed comprehensive due diligence

Detailed loan and securities analysis

Cleanest credit portfolio reviewed to date

Required Approvals:

Cameron shareholder approval

Customary regulatory approvals

Timing:

Expected closing in second quarter of 2011

Accretive to EPS, excluding impact of merger-related costs

1% accretive to book value per share.

1% dilutive to tangible book value per share

IRR estimated to be above 20%,

Cameron -

Cameron -

Financial Assumptions & Impact

Financial Assumptions & Impact

Conservative

Financial

Assumptions

Attractive

Financial

Impact

IBKC

Pro Forma *

Pre-Acquisition

Combination

TCE Ratio

10.65%

10.72%

Leverage Ratio

11.24%

11.25%

Tier 1 Risk Based Capital Ratio

18.48%

18.17%

Total Risk Based Capital Ratio

19.74%

19.43%

53

Credit Mark:

$25 million, pre-tax; 6% of total Cameron loans

Including prior NCOs, represents cumulative loss of 7% of

Cameron’s legacy portfolio

Other Marks:

Estimates include approximately $31 million in mark to

market adjustments

Cost Savings:

Cost savings of approximately $5.5 million, pre-tax annually

Represents approximately 23% of Cameron’s

operating non-interest expenses

Fully achieved by the second half of 2012

Revenue synergies identified, but not included in estimates

Merger Related Costs:

Approximately $11 million, pre-tax

Enter

Lake

Charles

market

through

acquisition

of

a

well

regarded

and

highly

performing Lake Charles-based community bank

Attractive, established client base; complements our client base

Adds 22 branches and approximately $575 million of deposits

Favorable small business and retail client mix

Highly profitable institution with significant market share

Opportunity to expand middle-market and private banking markets

Combination benefits including identified cost savings and opportunity to utilize our

product set

Expected to be 3% to 5% accretive to EPS, excluding one-time merger costs, assuming

synergies fully phased-in

Maintain strong pro forma capital ratios

Internal rate of return estimated to be above 20%

Companies know one another well

Significant experience in the Lake Charles market

Comprehensive due diligence including detailed credit analysis

Similar low risk cultures and strong business fit

Proven track record of well-priced, well-integrated transactions

Successfully completed two simultaneous acquisitions (Pulaski/

Pocahontas and Orion/Century)

Cameron -

Cameron -

Transaction Rationale

Transaction Rationale

Compelling

Strategic

Rationale

Financially

Attractive

Low Risk

54

Compelling

Strategic

Rationale

Financially

Attractive

Low Risk

Appendix

Appendix

Other

Other

55

MSA Home Price Trends

Appendix

Appendix

•

Our Legacy

Markets Did Not

Experience The

“Boom-And-Bust”

Housing Cycle

56

NEW ORLEANS-METAIRIE-KENNER  LA MSA

LAFAYETTE  LA MSA                  

BATON ROUGE  LA MSA                

BRADENTON-SARASOTA-VENICE  FL MSA  

NAPLES-MARCO ISLAND  FL MSA        

BIRMINGHAM-HOOVER  AL MSA          

WEST PALM BEACH-BOCA RATON-BOYNTON 

LAS VEGAS-PARADISE  NV MSA         

ATLANTA-SANDY SPRINGS-MARIETTA  GA 

FORT

LAUDERDALE-POMPANO-DEERFIELD

-

FL

MSA

Housing

Price

Declines

–

Last Year

Appendix

Appendix

Source: Freddie Mac For 4Q10

57

4Q10

3Q10

2Q10

1Q10

#189 Alexandria

-1.1%

#229 Memphis -1.8%

#161 Lafayette

-

0.7%

#90 Jonesboro +0.3%%

#224 Lake Charles -2.4%

-1.0.%

#331 NW Arkansas -5.0%

#228 Baton Rouge -1.8%

-1.4%

# 81 Monroe +0.5%

#344 Mobile -5.9%

#85 Shreveport +0.4%

Average of MSAs

-

#275 Birmingham -2.7%

#178 Montgomery -0.8%

-

#134 Huntsville

-

0.2%

#111 Houston +0.0%

#348 Tampa

-6.3%

#254 W. Palm Beach -2.3%

#25 Fort Myers +1.7%

#356 Bradenton-Sarasota

-6.8%

#75 Naples

-

Marco Island +0.62%

#361 Jacksonville -7.8%

-40.0%

-35.0%

-30.0%

-25.0%

-20.0%

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

1.7%

#193 Little Rock -1.2%

#205 New Orleans

#181 Houma

Housing Price Decline Probability –

Next 2 Years

Appendix

Appendix

Source: PMI Economic Real Estate Trends: 2Q10  data

58

Jonesboro, AR 1.7%

Shreveport, LA 7.1%

Little Rock, AR 7.5%

Baton Rouge, LA 40.5%

Lake Charles, LA 45.9%

Lafayette, LA 31.1%

Mobile, AL 31.4%

New Orleans, LA 34.2%

Alexandria, LA 34.6%

Montgomery, AL 13.1%

Monroe, LA 17.6%

Birmingham, AL 21.9%

Huntsville, AL 22.3%

Memphis, TN 27.7%

NW Arkansas, 29.6%

W. Palm Beach, FL 99.5%

Jacksonville, FL 99.6%

Tampa, FL 99.7%

Bradenton, FL 99.8%

Cape Coral, FL 99.9%

Naples, FL 99.9%

Houston, TX 56.9%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2Q10

1Q10

4Q09

3Q09

By Entity:

12/31/09

3/31/10

6/30/10

9/30/10

12/31/10

3/31/11**

Consolidated (Ex-FDIC Covered Assets)

     30+ days past due

0.72%

0.73%

0.77%

0.52%

0.33%

0.35%

     Non-accrual

0.97%

1.31%

1.13%

0.96%

1.11%

1.30%

     Total Past Due

1.69%

2.04%

1.90%

1.48%

1.44%

1.65%

CapitalSouth Only

     30+ days past due

5.69%

7.54%

7.83%

7.94%

7.10%

7.85%

     Non-accrual

22.25%

25.23%

23.87%

23.38%

21.12%

21.47%

     Total Past Due

27.94%

32.77%

31.70%

31.32%

28.22%

29.32%

Orion Only

     30+ days past due

8.72%

4.64%

8.51%

3.59%

6.11%

4.24%

     Non-accrual

30.37%

36.63%

34.06%

36.26%

34.52%

36.07%

     Total Past Due

39.09%

41.27%

42.57%

39.85%

40.63%

40.31%

Century Only

     30+ days past due

6.03%

7.04%

7.58%

3.53%

5.44%

5.18%

     Non-accrual

30.67%

35.90%

38.31%

40.57%

41.39%

42.15%

     Total Past Due

36.70%

42.94%

45.89%

44.10%

46.83%

47.33%

Sterling Only

     30+ days past due

7.31%

10.68%

12.17%

     Non-accrual

20.08%

26.68%

28.59%

     Total Past Due

27.39%

37.36%

40.76%

Consolidated With FDIC Covered Assets

     30+ days past due

3.60%

3.09%

3.48%

1.98%

2.44%

2.04%

     Non-accrual

12.70%

14.23%

13.01%

12.95%

12.10%

11.89%

     Total Past Due

16.30%

17.32%

16.49%

14.93%

14.54%

13.93%

Loans Past Due

Loans Past Due 30 Days Or More And Nonaccruing Loans As % Of Loans Outstanding

Past Due Summary

Appendix

Appendix

59

Consumer

Portfolio

Past Dues

Appendix

Appendix

21

60

Generally Good

And Stable

Asset Quality

Across

Consumer

Products

3/31/10

6/30/10

9/30/10

12/31/10

3/31/11

Home Equity Lines of Credit

30 to 59 Days Past Due

0.86%

0.47%

0.24%

0.21%

0.21%

60 to 89 Days Past Due

0.14%

0.05%

0.03%

0.28%

0.01%

Over 90 Days Past Due

0.14%

0.29%

0.15%

0.00%

0.00%

Total 30+ Days Past Due

1.14%

0.80%

0.42%

0.49%

0.22%

Net Charge-Offs

0.47%

0.58%

0.87%

1.28%

0.90%

Home Equity Term Loans

30 to 59 Days Past Due

1.08%

0.45%

0.28%

0.57%

0.29%

60 to 89 Days Past Due

0.18%

0.24%

0.16%

0.17%

0.01%

Over 90 Days Past Due

0.19%

0.13%

0.31%

0.00%

0.00%

Total 30+ Days Past Due

1.45%

0.82%

0.75%

0.75%

0.31%

Net Charge-Offs

0.46%

0.93%

0.21%

0.65%

0.82%

Indirect Loans

30 to 59 Days Past Due

0.49%

0.30%

0.34%

0.40%

0.34%

60 to 89 Days Past Due

0.07%

0.08%

0.09%

0.07%

0.02%

Over 90 Days Past Due

0.07%

0.03%

0.03%

0.00%

0.00%

Non Accrual

0.40%

0.39%

0.35%

0.42%

0.40%

Total 30+ Days Past Due

1.04%

0.80%

0.81%

0.89%

0.76%

Net Charge-Offs

0.31%

0.39%

0.13%

0.39%

0.17%

Credit Card Loans

30 to 59 Days Past Due

0.37%

0.37%

0.35%

0.34%

0.26%

60 to 89 Days Past Due

0.48%

0.21%

0.21%

0.22%

0.32%

Over 90 Days Past Due

0.00%

0.00%

0.00%

0.00%

0.00%

Non Accrual

0.88%

0.90%

0.86%

0.88%

1.02%

Total 30+ Days Past Due

1.73%

1.47%

1.41%

1.44%

1.60%

Net Charge-Offs

3.03%

3.03%

2.16%

1.98%

1.76%

Other Consumer Loans

30 to 59 Days Past Due

0.58%

0.42%

0.48%

0.36%

0.26%

60 to 89 Days Past Due

0.25%

0.21%

0.10%

0.10%

0.09%

Over 90 Days Past Due

0.45%

0.10%

0.04%

0.00%

0.00%

Total 30+ Days Past Due

1.28%

0.73%

0.62%

0.46%

0.35%

Net Charge-Offs

2.57%

1.45%

2.11%

1.86%

0.74%

Total Consumer Loans

Total 30+ Days Past Due

1.11%

0.68%

0.57%

0.58%

0.31%

Net Charge-Offs

0.71%

0.84%

0.60%

0.90%

0.71%

Loans Past Due As A % of Product Loans

Consumer Loan Portfolio - Quarterly Credit Statistics

Commercial Real Estate

Appendix

Appendix

Note: Includes Construction And Land

Development Loans, But Excludes FDIC

Covered Assets.

61

Mar 2010

Jun 2010

Sep 2010

Dec 2010

Mar 2011

Non-Owner Occupied

Current

876.3

$         

866.3

$         

910.5

$         

895.0

$         

916.1

$         

Past Due

11.2

15.8

1.5

2.5

6.8

Nonaccrual

26.2

21.7

18.4

22.7

31.9

Total

913.7

$         

903.8

$         

930.5

$         

920.2

$         

954.8

$         

   % Nonaccrual

2.87%

2.40%

1.98%

2.46%

3.34%

Owner Occupied

Current

624.1

$         

646.6

$         

605.2

$         

632.6

$         

691.2

$         

Past Due

1.4

2.5

7.3

1.7

0.8

Nonaccrual

10.0

8.1

5.0

5.6

5.9

Total

635.5

$         

657.2

$         

617.5

$         

639.9

$         

697.9

$         

   % Nonaccrual

1.57%

1.23%

0.81%

0.88%

0.84%

Total CRE

1,549.2

$      

1,561.0

$      

1,548.0

$      

1,560.1

$      

1,652.7

$      

   % Nonaccrual

2.33%

1.91%

1.52%

1.81%

2.29%

Non-Owner Occup/RBC

76%

74%

78%

76%

100%

Repricing Schedule

Appendix

Appendix

Source: Bancware  March 31, 2011

62

2Q11

3Q11

4Q11

1Q12

2Q12

Cash Equivalents

202.5

$             

-

$      

-

$      

-

$      

-

$      

0.57%

0.00%

0.00%

0.00%

0.00%

Investments

113.6

$             

110.2

$   

121.3

$   

79.5

$    

88.8

$    

4.06%

4.14%

3.26%

4.01%

3.69%

Loans

3,408.9

$          

326.6

$   

257.2

$   

231.1

$   

195.3

$   

3.52%

5.21%

5.63%

5.75%

5.88%

Time Deposits

657.0

$             

521.2

$   

438.7

$   

317.0

$   

212.3

$   

1.42%

1.40%

1.76%

1.93%

2.35%

Borrowed Funds

329.4

$             

4.6

$      

1.7

$      

13.1

$    

5.6

$      

1.26%

3.64%

3.57%

3.28%

1.85%

Energy Price Trends

Appendix

Appendix

$4.23

$107.12

$-

$20.00

$40.00

$60.00

$80.00

$100.00

$120.00

$140.00

$160.00

$-

$2.00

$4.00

$6.00

$8.00

$10.00

$12.00

$14.00

$16.00

Natural Gas

Crude Oil

Natural Gas Average = $4.04

Crude Oil Average = $39.18

Source: Bloomberg

Natural Gas (Left Scale)

Crude Oil (Right Scale)

63

Appendix

Appendix

•

In 1Q11 Closed

$289mm (-44%

Vs. 4Q10)

•

In 1Q11 Sold

$319mm (-47%

Vs. 4Q10)

•

1Q11 Vs. 4Q10:

45% Decrease In

Mtg. Revenues

•

1Q11 Vs. 1Q10:

21% Increase In

Mtg. Revenues

•

$122mm Locked

Pipeline 4/22/11

Mortgage Quarterly Revenues

64

$

-

$1.0

$2.0

$3.0

$4.0

$5.0

$6.0

$7.0

$8.0

$9.0

$10.0

$11.0

$12.0

$13.0

$14.0

$15.0

$16.0

$17.0

2003

2004

2005

2006

2007

2008

2009

2010

2011

Mortgage Gains On Sale Of Loans

1st Qtr

2nd Qtr

**

Assumes

Pulaski's

acquisition

of

IBERIANBANK

Mortgage

beginning

in

February

2007

3rd Qtr

4th Qtr

Appendix

Appendix

Title Insurance Quarterly Revenues

65

•

Title &

Mortgage

Footprints Don’t

Necessarily

Overlap

•

1Q11: $3.8mm

In Revenues (-

19% Vs. 4Q10)

•

New CEO For

Title Business

On 10/25/10

$-

$0.5

$1.0

$1.5

$2.0

$2.5

$3.0

$3.5

$4.0

$4.5

$5.0

$5.5

$6.0

$6.5

2003

2004

2005

2006

2007

2008

2009

2010

2011

Title Insurance Revenues

1st Qtr

2nd Qtr

3rd Qtr

4th Qtr

*

Includes United Title in April 2007

**

Includes American Abstract in March 2008

66

FDIC Loss Share

FDIC Loss Share

Performance

Performance

FDIC Loss Share Performance

FDIC Loss Share Performance

Covered Portfolio Performance

67

($ in thousands)

1

Excludes non-reimbursable expenses and accrued interest, which totaled $13.8mm life-to-date at March 31, 2011.

Original

Estimated

Losses

Additional

Impairment

Losses to

Date

1

Estimated

Remaining

Losses @

03/31/11

Projected

Total Losses

FDIC

Threshold

Projected

Credit

Improvement

Projected

Credit

Improvement

excl.

Additional

Impairment

CapitalSouth

113,500

$   

20,584

$     

47,254

$     

33,585

$     

80,839

$     

135,000

$   

32,661

$      

53,245

$      

Acquired 8/21/2009

Orion Bank

862,681

$   

38,728

$     

401,830

$   

195,112

$   

596,942

$   

550,000

$   

265,739

$     

304,467

$     

Acquired 11/13/09

Century Bank

296,809

$   

33,396

$     

131,279

$   

154,134

$   

285,413

$   

285,000

$   

11,396

$      

44,792

$      

Acquired 11/13/09

Sterling Bank

84,305

$     

-

$          

13,828

$     

70,477

$     

84,305

$     

52,000

$     

-

$            

-

Acquired 7/23/10

Total

1,357,295

$

92,708

$     

594,191

$   

453,308

$   

1,047,499

$

309,796

$     

402,504

$     

FDIC Loss Share Performance

FDIC Loss Share Performance

Covered Portfolio Performance

68

($ in thousands)

Impairment Change

Additional

Impairment

Loan

Recapture

Loan

Impairment

Total Loan

Impairment

ORE

Impairment

Other

1

Additional

Impairment

12/31/2010

Q1 2011

Q1 2011

Q1 2011

Q1 2011

3/31/2011

CapitalSouth

11,099

$    

(1,741)

$     

8,909

$      

7,169

$      

75

$          

2,242

$      

20,584

$    

Acquired 8/21/2009

Orion Bank

35,273

$    

(6,317)

$     

3,916

$      

(2,401)

$     

803

$        

5,054

$      

38,728

$    

Acquired 11/13/09

Century Bank

27,256

$    

(2,800)

$     

4,470

$      

1,670

$      

1,172

$      

3,299

$      

33,396

$    

Acquired 11/13/09

Sterling Bank

-

$         

-

$         

-

$         

-

$         

-

$         

-

$         

-

$         

Acquired 7/23/10

Total

73,627

$    

(10,858)

$   

17,296

$    

6,438

$      

2,049

$      

10,594

$    

92,708

$    

Net Loans

1,519,556

$

Notes:

% of Net Loans

6.1%

1

Represents ORE impairments prior to 12/31/2010

Gross Loans

2,128,894

$

% of Gross Loans

4.4%

FDIC Loss Share Performance

FDIC Loss Share Performance

Covered Loan Portfolio Rollforward

69

($ in thousands)

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Covered Loans

1,571,248

36,709

9.199%

1,466,627

39,453

10.592%

1,545,551

54,118

14.049%

Mortgage Loans

289,197

7,479

10.345%

247,827

6,159

9.941%

253,360

6,865

10.839%

Indirect Automobile

-

-

0.000%

-

-

0.000%

-

-

0.000%

Credit Card

1,204

25

8.374%

1,154

20

6.934%

1,083

19

7.091%

Consumer

190,836

2,893

6.015%

213,082

3,225

6.005%

196,378

3,926

8.107%

Line Of Credit-Consumer Loans

84,514

1,623

7.618%

79,958

4,582

22.733%

79,580

7,391

37.664%

Commercial & Business Banking

1,004,908

24,688

9.636%

924,098

25,467

10.792%

1,015,204

35,917

14.155%

Loans in Process

589

-

0.000%

508

-

0.000%

(54)

-

0.000%

Overdrafts

1

-

0.000%

0

-

0.000%

0

-

0.000%

FDIC Loss Share Receivable

865,810

(5,025)

-2.271%

899,558

(8,619)

-3.749%

708,809

(21,913)

-12.366%

Net Covered Loan Portfolio

2,437,058

31,684

5.133%

2,366,185

30,834

5.143%

2,254,360

32,205

5.744%

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Covered Loans

1,571,248

36,709

9.199%

1,466,627

39,453

10.592%

1,545,551

54,118

14.049%

CapitalSouth Bank

273,100

5,268

7.634%

250,865

8,355

13.171%

251,762

10,188

16.262%

Orion Bank

817,253

20,627

9.881%

742,289

24,721

13.046%

823,081

32,651

16.025%

Century Bank

366,169

8,860

9.580%

332,360

3,878

4.610%

339,135

9,156

10.795%

Sterling Bank

114,725

1,953

5.860%

141,113

2,499

6.770%

131,574

2,123

6.472%

FDIC Loss Share Receivable

865,810

(5,025)

-2.271%

899,558

(8,619)

-3.749%

708,809

(21,913)

-12.366%

CapitalSouth Bank

77,103

(954)

-4.840%

79,553

(2,600)

-12.788%

58,914

(1,877)

-12.744%

Orion Bank

551,435

(4,562)

-3.237%

555,610

(5,568)

-3.921%

418,948

(18,861)

-18.009%

Century Bank

186,425

349

0.732%

197,355

(593)

-1.177%

163,829

(1,385)

-3.383%

Sterling Bank

50,847

141

1.089%

67,040

142

0.830%

67,119

210

1.253%

Net Covered Loan Portfolio

2,437,058

31,684

5.133%

2,366,185

30,834

5.143%

2,254,360

32,205

5.744%

CapitalSouth Bank

350,204

4,314

4.887%

330,418

5,756

6.921%

310,676

8,311

10.762%

Orion Bank

1,368,688

16,066

4.596%

1,297,899

19,153

5.783%

1,242,029

13,790

4.546%

Century Bank

552,594

9,209

6.595%

529,715

3,285

2.457%

502,963

7,770

6.177%

Sterling Bank

165,573

2,095

4.393%

208,153

2,641

4.854%

198,692

2,333

4.709%

3Q2010

4Q2010

1Q2011

3Q2010

4Q2010

1Q2011