Acquisition Activity (Tables)

6 Months Ended

Jun. 30, 2011

Schedule Of Business Acquisitions, By Acquisition

(dollars in thousands)	As Acquired		Fair  Value Adjustments			As recorded  by IBERIABANK
Assets
Cash and cash equivalents	$	54,683	$	—		$	54,683
Investment securities		91,808		(789	)(a)		91,019
Loans		503,695		(36,499	)(b)		467,196
Other real estate owned		24,759		(2,843	)(c)		21,916
Core deposit intangible		—		829	(d)		829
Other assets		56,872		(10,780	)(e)		46,092
Total Assets	$	731,443	$	(50,082	)	$	681,735
Liabilities
Interest-bearing deposits		504,615		1,812	(f)		506,427
Noninterest-bearing deposits		129,181		—			129,181
Borrowings		58,168		196	(g)		58,364
Other liabilities		3,971		903	(h)		4,874
Total Liabilities	$	695,935	$	2,911		$	698,846

Explanation of Certain Fair Value Adjustments

(a) The adjustment represents the write down of the book value of OMNI's investments to their estimated fair value based on fair values on the date of acquisition.

(b) The adjustment represents the write down of the book value of OMNI's loans to their estimated fair value based on current interest rates and expected cash flows which includes an estimate of expected loan losses inherent in the portfolio.

(c) The adjustment represents the write down of the book value of OMNI's OREO properties to their estimated fair value at the acquisition date based on their appraised value, as adjusted for costs to sell.

(d) The adjustment represents the value of the core deposit base assumed in the acquisition. The core deposit asset was recorded as an identifiable intangible asset and will be amortized on an accelerated basis over the average life of the deposit base, estimated to be 10 years.

(e) The adjustment represents the write down of the book value of OMNI's property, equipment, and other assets to their estimated fair value at the acquisition date based on their appraised value.

(f) The adjustment is necessary because the weighted average interest rate of OMNI's CD's exceeded the cost of similar funding at the time of acquisition. The fair value adjustment will be amortized to reduce interest expense over the life of the portfolio, which is estimated at 60 months.

(g) The adjustment is necessary because the interest rate of OMNI's fixed rate borrowings exceeded current interest rates on similar borrowings. The Company paid off the borrowings acquired from OMNI during the three months ended June 30, 2011 and amortized the fair value adjustment to reduce interest expense in the corresponding period.

(h) The adjustment is necessary because the fair value of the Company's liability under assumed lease agreements from OMNI is lower than the total cash payments remaining under the existing leases.

(dollars in thousands)	As Acquired		Fair  Value Adjustments			As recorded  by IBERIABANK
Assets
Cash and cash equivalents	$	29,191	$	—		$	29,191
Investment securities		223,720		(35	)(a)		223,685
Loans		404,618		6,585	(b)		411,203
Other real estate owned		710		—			710
Core deposit intangible		—		5,178	(c)		5,178
Other assets		44,525		(3,896	)(d)		37,660
Total Assets	$	702,492	$	7,832		$	710,324
Liabilities
Interest-bearing deposits		402,090		818	(e)		402,908
Noninterest-bearing deposits		164,363		—			164,363
Borrowings		46,804		2,198	(f)		49,002
Other liabilities		2,124		—			2,124
Total Liabilities	$	615,381	$	3,016		$	618,397

Explanation of Certain Fair Value Adjustments

(a) The adjustment represents the write down of the book value of Cameron's investments to their estimated fair value based on fair values on the date of acquisition which includes an estimate of expected future loan losses.

(b) The adjustment represents the write up of the book value of Cameron's loans to their estimated fair value based on current interest rates and expected cash flows, which includes an estimate of expected loan losses inherent in the portfolio.

(c) The adjustment represents the value of the core deposit base assumed in the acquisition. The core deposit asset was recorded as an identifiable intangible asset and will be amortized on an accelerated basis over the average life of the deposit base, estimated to be 10 years.

(d) The adjustment represents the write down of the book value of Cameron's property, equipment, and other assets to their estimated fair value at the acquisition date based on their appraised value.

(e) The adjustment is necessary because the weighted average interest rate of Cameron's CD's exceeded the cost of similar funding at the time of acquisition. The fair value adjustment will be amortized to reduce interest expense on a declining basis over the life of the portfolio, which is estimated at 69 months.

(f) The adjustment is necessary because the interest rate of Cameron's fixed rate borrowings exceeded current interest rates on similar borrowings. The Company paid off the borrowings acquired from Cameron during the three months ended June 30, 2011 and amortized the fair value adjustment to reduce interest expense in the corresponding period.

Supplemental Pro Forma Information

(dollars in thousands, except per share data)	2011		2010
Interest and noninterest income	$	289,788	$	302,817
Net income		22,346		27,782
Earnings per share – basic		0.75		1.00
Earnings per share – diluted		0.74		1.00

Omni Bancshares, Inc [Member]

Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable

(dollars in thousands)	Number of Shares		Amount
Equity Consideration
Common Stock issued		698,768	$	41,053
Options issued		41,979		513
Total Equity Consideration			$	41,566
Non-Equity Consideration
Change in Control Payments			$	4,832
Cash				9
Total Non-Equity Consideration			$	4,841
Total Consideration Paid			$	46,407
Fair Value of Net Liabilities Assumed including Identifiable Intangible Assets				(17,111	)
Goodwill			$	63,518

Cameron Bancshares, Inc [Member]

Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable

(dollars in thousands)	Number of Shares		Amount
Equity Consideration
Common Stock issued		2,384,461	$	140,087
Options issued		—		—
Total Equity Consideration			$	140,087
Non-Equity Consideration
Change in Control Payments			$	3,144
Cash				10
Total Non-Equity Consideration			$	3,154
Total Consideration Paid			$	143,241
Fair Value of Net Assets Acquired including Identifiable Intangible Assets				91,926
Goodwill			$	51,315