Gulf South Bank Conference Presentation.

Safe Harbor And 425 Language

Statements contained in this presentation which are not historical facts and which pertain to future

operating

results

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

Form

S-4

that

contain

proxy

statement/prospectus.

INVESTORS

AND

SECURITY

HOLDERS

ARE

URGED

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

not

offer

purchase

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.

•

Headquartered In Lafayette, Louisiana

•

Since 1887 –

Oldest & 2

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

A Few Recent

Activities

IBKC Overview

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

Florida

Trust

Company

(Naples/Ft.

Lauderdale,

FL)

Announced

Acquisition

Cameron

Bancshares,

Inc.

(Lake

Charles,

LA)

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

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

Organic Growth And Recruiting

•

Memphis

•

Mobile

•

Houston

•

Birmingham

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

Nonperforming Assets Low And Stable

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

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-

Mar-

Nonperforming Assets to Total Assets

IBERIABANK Corporation

AVG GULF SOUTH PEERS

Excess Liquidity

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

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-

Mar-

Liquidity Ratio

IBERIABANK Corporation

AVG GULF SOUTH PEERS

Interest Rate Risk –Asset Sensitive

Financials

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

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%

-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%

0.7%

3.5%

0.5%

-0.7%

Change in Net Interest Income

Change in Economic Value of Equity

Consolidated

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

IBERIABANK Branches

OMNI Branches

Cameron Bancshares, Inc.

Non-FDIC Acquisitions

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%

Non-FDIC Acquisitions

Pro Forma Balance Sheet And Capital Ratios

Pro Forma

IBKC

OMNI

Cameron

As of

Stand Alone

12/31/10

Cash & Equivalents

338

353

Securities

2,089

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

Other Asset

1,352

1,486

Total Assets

10,027

735

706

11,481

Deposits

7,915

645

575

9,135

Borrowings

653

710

Other Liabilities

156

163

Total Liabilities

8,723

704

628

10,007

Non-Controlling Interests

Preferred Equity

Common Equity

1,303

1,474

Total Liabilities & Equity

10,027

735

706

11,481

Tangible Common Equity

1,040

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%

December

31,

2010

3-Year Total Return

Summary

Source: SNL on May 6, 2011

•

Outperformed

During A Very

Tumultuous

Time Period

•

Driven By Our

Very Unique

Position And

Opportunities

-70%

-60%

-50%

-40%

-30%

-20%

-10%

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%

Overview

OMNI BANCSHARES, Inc.

Markets

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

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.

Capital One

$ 8.6

27%

Hancock/

Whitney

4.5

JPMorgan

4.2

Regions

2.4

Pro Forma

IBERIABANK

1.3

First NBC

1.1

Fidelity

Homestead

0.8

Gulf Coast

0.7

IBERIABANK

0.7

Omni Bank

0.6

First Trust

0.5

Diligence Scope

OMNI -

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

305

1-4 Family Construction

224

168

Construction/Land

230

CRE-Owner Occupied

122

306

398

CRE-Non-Owner Occup.

156

580

CRE-Multifamily

669

C&I

525

Consumer

741

Other Loans

100

Total Loans

$574

100%

3,114

$184

Merger -Related Costs

OMNI -

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

OMNI -

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

adjusted

tangible

book

value

which

equal

stated

tangible

book

value

less the

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

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 -

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%

OMNI -

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

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.

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

Diligence Scope

Cameron

Credit

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

2,272

$11

Res 1st Mtg Family

$36

484

$74

Other RE

$28

331

$85

Rec, Notes, Life Ins.,

Bonds, CDs, Svgs

$24

579

$41

Unsecured

$11

1,379

Inventory

$327

Mobile Home

$22

Boat/Airplane/Travel/

RV/Motor Cycle

300

$13

2nd Mtg. Family

Home

$77

Other

$10

602

$16

Total Loans

$403

6,819

$59

(Include unfunded commitments)

Merger -Related Costs

Cameron -

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

Cameron

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

adjusted

tangible

book

value

which

equal

stated

tangible

book

value

less

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

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 -

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%

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

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 -

Transaction Rationale

Compelling

Strategic

Rationale

Financially

Attractive

Low Risk

Compelling

Strategic

Rationale

Financially

Attractive

Low Risk

MSA

Housing

Price

Declines

–

Last Year

Appendix

Source: Freddie Mac For 4Q10

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

Source: PMI Economic Real Estate Trends: 2Q10 data

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%

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

Consumer

Portfolio

Past Dues

Appendix

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%

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%

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%

Total 30+ Days Past Due

1.45%

0.82%

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%

0.00%

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%

0.35%

0.34%

0.26%

60 to 89 Days Past Due

0.48%

0.21%

0.22%

0.32%

Over 90 Days Past Due

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%

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%

0.09%

Over 90 Days Past Due

0.45%

0.10%

0.04%

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

Note: Includes Construction And Land

Development Loans, But Excludes FDIC

Covered Assets.

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

Source: Bancware March 31, 2011

2Q11

3Q11

4Q11

1Q12

2Q12

Cash Equivalents

202.5

0.57%

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%

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

$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

IBERIANBANK

Mortgage

beginning

February

2007

3rd Qtr

4th Qtr

FDIC Loss Share Performance

Covered Portfolio Performance

($ in thousands)

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

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

Covered Portfolio Performance

($ in thousands)

Impairment Change

Additional

Impairment

Loan

Recapture

Loan

Impairment

Total Loan

Impairment

ORE

Impairment

Other

Additional

Impairment

12/31/2010

Q1 2011

3/31/2011

CapitalSouth

11,099

(1,741)

8,909

7,169

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%

Represents ORE impairments prior to 12/31/2010

Gross Loans

2,128,894

% of Gross Loans

4.4%

FDIC Loss Share Performance

Covered Loan Portfolio Rollforward

($ 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%

Credit Card

1,204

8.374%

1,154

6.934%

1,083

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

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