Teche Posts Record EPS of $2.24 for Fiscal Year to Date

Teche Posts Record EPS of $2.24 for Fiscal Year to Date  NEW IBERIA, LA -- (Marketwired) -- 04/24/13 --  (NYSE MKT: TSH) - Patrick Little, President and CEO of Teche Holding Company, holding company for Teche Federal Bank, today reported on earnings for the Company for the quarter ended March 31, 2013, the second quarter of fiscal year 2013.  Earnings for the quarter ended March 31, 2013 amounted to $1.6 million or $0.75 per diluted share, compared to $1.7 million or $0.82 per diluted share for the same quarter in fiscal 2012, a decrease of $0.07 per diluted share, or 8.5%.  Earnings for the six month period ended March 31, 2013 amounted to $4.6 million, or $2.24 per diluted share, compared to $3.5 million or $1.67 per diluted share, for the same period in fiscal 2012, an increase of $0.57 per diluted share, or 34.1%.   "Our deposit growth has been spectacular," stated Little. "Total deposits increased 4.7% over the past 12 months, with SmartGrowth deposits increasing 10.3%."  "Our ROAA fiscal year to date is 1.09% and our ROAE is 10.68%," continued Little.  "Our fiscal year to date earnings of $2.24 per share is another record," said Little. "Our loan balances, particularly commercial loans, this quarter don't tell the whole story. Commercial loan production was strong this quarter, with over $24 million in total loans closed. However, we also had three large commercial relationships pay off. Our commercial loan pipeline is moving along very well and our retail loans continue to grow. Our goal is to have our loan levels better than prior year levels by year-end."  The Company reported the following points of interest:      --  Checking Account Balances increased $28.2 million, or 12.2% compared     to the linked quarter and 16.0% compared to March 31, 2012. --  SmartGrowth Deposits increased 6.5% over the linked quarter and 10.3%     compared to a year ago. SmartGrowth Deposits amounted to 79.0% of     total deposits, compared to 77.7% at December 31, 2012 and 75.0% a     year ago. --  The average rate paid on all deposits was 0.45% for the quarter     compared to 0.53% for the linked quarter and 0.72% a year ago. --  Tangible book value per share increased to $40.62, an increase of     1.9%, or $0.76 per share, compared to the linked quarter-end and an     increase of 7.2%, or $2.71 per share, year-over-year. --  Non-performing loans decreased due to the payoff of a $3.8 million     non-performing loan. --  Net charge offs for the quarter amounted to 0.05% of average loans. --  The Bank opened a new branch office in Baton Rouge.     Asset Quality  The following tables set forth asset quality ratios and allowance for loan loss activity for each of the past five quarters:                                                                                   ---------------------------------------------------------------------------- Net Charge-offs, ALLL, NPAs                                                  QUARTERLY COMPARISON            Mar '13  Dec '12  Sep '12  Jun '12  Mar '12  ---------------------------------------------------------------------------- Net Charge-offs/Average Loans      0.05%    0.07%    0.05%    0.08%    0.08% ALLL*/NPLs                       158.54%   87.76%   82.52%   79.63%   74.02% ALLL*/NPAs                       138.95%   81.52%   78.54%   74.54%   71.40% ALLL*/Loans                        1.26%    1.28%    1.27%    1.27%    1.32% NPAs/Assets                        0.68%    1.20%    1.28%    1.34%    1.43% *ALLL figures include specific reserves.                                        There was significant improvement in several asset quality ratios this quarter, primarily due to the resolution of a non-performing loan with a balance of $3.8 million. For the linked quarter the ALLL/NPL ratio increased to 158.54% from 87.76% in the linked quarter, the ALLL/NPA ratio increased to 138.95% from 81.52% in the same quarter and the NPA/Assets ratio decreased to 0.68% from 1.20% at December 31, 2012.  Non-performing assets decreased to $5.9 million, or 0.68% of total assets at March 31, 2013, compared to $10.1 million, or 1.20% of total assets at December 31, 2012 and $11.8 million, or 1.43% of total assets a year ago, primarily due to the payoff of a non-performing loan in the amount of $3.8 million.   "Our net charge-offs are very low," said Little. "This demonstrates that asset quality is an important focus for the Company. At Teche, we are sticking with our disciplined lending strategy and conservative underwriting standards in an effort to avoid transactions that may provide a short term boost in revenue but also a long term drag on earnings."  The following table sets forth the allowance for loan loss activity for each of the past five quarters.                                                                                   ---------------------------------------------------------------------------- Allowance for Loan Loss                                                       Provision & Charge-offs                                                     QUARTERLY COMPARISON (in 000's)  Mar '13  Dec '12  Sep '12  Jun '12  Mar '12 ---------------------------------------------------------------------------- Beginning ALLL                  $  8,234 $  8,559 $  8,411 $  8,450 $  8,392 Provision for Loan Losses            250      150      500      510      550 Net Charge-offs                      349      475      352      549      492 Ending ALLL                     $  8,135 $  8,234 $  8,559 $  8,411 $  8,450 Ending ALLL (net of specific                                                  reserves)                      $  8,135 $  8,234 $  8,559 $  8,411 $  8,246    The allowance for loan losses was 1.26% of total loans, or $8.1 million, at March 31, 2013 compared to 1.28% of total loans, or $8.2 million at December 31, 2012 and 1.32% of total loans, or $8.5 million at March 31, 2012.  Net charge-offs for the quarter were $0.3 million, or 0.05% of average loans, compared to $0.5 million, or 0.08% of average loans, for the same period a year ago. For the twelve months ended March 31, 2013, net charge-offs were $1.7 million, or 0.26% of average loans, compared to $4.7 million, or 0.76% of average loans for the twelve months ended March 31, 2012. Quarterly net charge-offs have remained relatively stable during the past 12 months.  Capital  Over the past twelve months, stockholders' equity increased 5.4% to a record $86.6 million. The tangible equity ratio at March 31, 2013 has increased to 9.69% compared to 9.50% a year ago. Tangible book value per common share has increased to a record $40.62, an increase of 7.2% compared to a year ago. Risk based capital increased to 14.38% compared to 14.12% a year ago; and the equity to asset ratio increased to 10.07% from 9.90% a year ago.  Over the past twelve month period, total assets increased 3.7% or $30.6 million to $860.3 million.                                                                                    Total Assets (in millions)                                                                                                                                                                                                                                                                                          ---------------------------------------------------------------------------     QUARTERLY COMPARISON     Mar '13   Dec '12   Sep '12   Jun '12   Mar '12  ---------------------------------------------------------------------------  Stockholders' Equity (in                                                      millions)                 $   86.6  $   84.8  $   83.5  $   81.7  $   82.2  Ratio of Equity to Assets     10.07%    10.09%     9.81%     9.68%     9.90% Basic Earnings Per Share   $   0.76  $   1.51  $   1.02  $   0.84  $   0.83  Diluted Earnings per Share $   0.75  $   1.49  $   1.01  $   0.83  $   0.82  Tangible Equity Ratio          9.69%     9.70%     9.42%     9.29%     9.50% Total Risk-Based Capital                                                      Ratio                        14.38%    14.34%    14.09%    13.79%    14.12% Book Value per Common                                                         Share                     $  42.40  $  41.65  $  41.09  $  40.32  $  39.68  Tangible Book Value Per                                                       Common Share              $  40.62  $  39.86  $  39.29  $  38.51  $  37.91  Total Assets (in millions) $  860.3  $  839.7  $  852.0  $  843.8  $  829.7     Net Income and Dividends  On November 28, 2012, the Board of Directors declared a $0.365 per share quarterly dividend.  In addition, the Board declared a special, accelerated first quarter dividend of $0.365 per share. The Company did not declare an additional dividend for the first quarter of 2013.                                                                                      ---------------------------------------------------------------------------  QUARTERLY COMPARISON                                                          (In 000's)             Mar '13    Dec '12    Sep '12    Jun '12    Mar '12  ---------------------------------------------------------------------------  Dividends Declared Per                                                        Share                 $   0.00   $   0.73   $  0.365   $  0.365   $  0.365  Basic Earnings Per                                                            Common Share          $   0.76   $   1.51   $   1.02   $   0.84   $   0.83  Diluted Earnings Per                                                          Common Share          $   0.75   $   1.49   $   1.01   $   0.83   $   0.82  Return on Avg. Assets      0.74%      1.44%      0.98%      0.83%      0.83% Return on Avg. Equity      7.19%     14.17%      9.81%      8.28%      8.22%                                                                                                                                                           Operating Revenue                                                            ---------------------------------------------------------------------------- Net Interest Income                                                          QUARTERLY COMPARISON (In 000's)  Mar '13  Dec '12  Sep '12  Jun '12  Mar '12 ---------------------------------------------------------------------------- Interest Income                 $  9,002 $  9,571 $  9,836 $  9,725 $  9,807 Interest Expense                   1,697    1,832    1,895    1,993    2,111                                 -------- -------- -------- -------- --------                                                                              Net Interest Income             $  7,305 $  7,739 $  7,941 $  7,732 $  7,696                                 ======== ======== ======== ======== ========    Interest income decreased in the quarter ended March 31, 2013 as compared to the linked quarter, primarily due to the sale of $46.3 million of conforming mortgage loans during the linked quarter.                                                                                   ---------------------------------------------------------------------------  Net Interest Margin and Spread                                               QUARTERLY COMPARISON            Mar '13  Dec '12  Sep '12  Jun '12  Mar '12  ---------------------------------------------------------------------------  Yield on Earning Assets            4.66%    4.92%    5.07%    5.10%    5.20% Cost of Interest Bearing                                                      Liabilities                       1.04%    1.11%    1.14%    1.23%    1.31% Spread                             3.62%    3.80%    3.93%    3.87%    3.90% Net Interest Margin                3.78%    3.98%    4.10%    4.06%    4.08%    Net interest margin amounted to 3.78% for the three month period ended March 31, 2013 compared to 4.08% for the three months ended March 31, 2012. The decrease was primarily due to low market interest rates and the asset sensitivity of the balance sheet. The Company manages the risk of interest rates possibly rising in the future by continuing to grow core deposits, primarily checking and savings accounts, and by investing in longer term Federal Home Loan Bank advances.  Spread amounted to 3.62% for the three month period ended March 31, 2013, compared to 3.90% for the same period in the previous year. Compared to the same quarter last year, average yield on earnings assets decreased 54 basis points from 5.20% to 4.66%, while the average cost of funds decreased 27 basis points from 1.31% to 1.04%.  Operating revenue for the quarter ended March 31, 2013, consisting of net interest income (before provisions for loan losses) plus non-interest income, amounted to $11.3 million, which was $0.3 million lower than the same quarter in 2012.  The table below reflects the Company's operating revenues in millions over the past five quarters:                                                                              ----------------------------------------------------------------------- Operating Revenue                                                       QUARTERLY COMPARISON (in                                                 millions)                      Mar '13 Dec '12 Sep '12 Jun '12 Mar '12 ----------------------------------------------------------------------- Net Interest Income             $   7.3 $   7.7 $   7.9 $   7.7 $   7.7 Non-Interest Income                 4.0     5.8     4.2     3.7     3.9                                 ------- ------- ------- ------- ------- Operating Revenue               $  11.3 $  13.5 $  12.1 $  11.4 $  11.6                                 ======= ======= ======= ======= =======    Non-Interest Income  Non-interest income decreased to $4.0 million for the quarter ended March 31, 2013 from $5.8 million for the linked quarter due to the $2.0 million gain on the sale of mortgage loans during the linked quarter, but increased slightly from $3.9 million for the quarter ended March 31, 2012. Non-interest income amounted to 1.87% of average assets for the quarter, compared to 2.73% for the linked quarter and 1.89% a year ago.                                                                                    ---------------------------------------------------------------------------  Non-Interest Income &                                                         Expense                                                                     QUARTERLY COMPARISON (in                                                      thousands)                 Mar '13   Dec '12   Sep '12   Jun '12   Mar '12  ---------------------------------------------------------------------------    Interchange fee Income   $    839  $    826  $    847  $    917  $    843    Other Non-Interest                                                            Income                  $  3,131  $  4,986  $  3,361  $  2,734  $  3,038  Total Non-Interest Income  $  3,971  $  5,812  $  4,208  $  3,651  $  3,881  Total Non-Interest                                                            Income/Avg. Assets            1.87%     2.73%     1.99%     1.76%     1.89% Non-Interest Expense       $  8,705  $  8,752  $  8,534  $  8,287  $  8,445  Non-Interest Expense/Avg.                                                     Assets                        4.11%     4.11%     4.03%     3.99%     4.11%    Non-Interest Expense  For the quarter ended March 31, 2013, non-interest expense was $8.7 million, or 4.11% of average assets, compared to the $8.8 million, or 4.11% of average assets, for the linked quarter. Non-interest expense increased $0.3 million, or 3.1%, to $8.7 million for the quarter ended March 31, 2013 from $8.4 million for the quarter ended March 31, 2012, primarily due to compensation and marketing expenses.  Loans                                                                                   ---------------------------------------------------------------------------- QUARTERLY COMPARISON (In                                                      000,000's)                      Mar '13  Dec '12  Sep '12  Jun '12  Mar '12 ---------------------------------------------------------------------------- SmartGrowth Loans                                                              Consumer                      $  115.8 $  113.4 $  110.2 $  109.3 $  106.6   Commercial                       212.4    220.5    215.2    216.9    208.6   Home Equity                       42.1     42.5     43.2     44.5     46.5   SmartMortgages                   104.0    100.8    111.1    106.5    102.2                                 -------- -------- -------- -------- -------- Total SmartGrowth Loans         $  474.3 $  477.2 $  479.7 $  477.2 $  463.9 Mortgage Loans (owner occupied                                                conforming)                       169.0    165.4    194.7    183.3    177.6                                 -------- -------- -------- -------- -------- Total Loans                     $  643.3 $  642.6 $  674.4 $  660.5 $  641.5    Linked Quarter Comparison. Gross loans receivable increased to $643.3 million at March 31, 2013, from $642.6 million at December 31, 2012, an increase of $0.7 million, or 0.1%. SmartGrowth Loans, consisting of commercial loans, home equity loans, SmartMortgage loans and consumer loans, were $474.3 million, or 73.7% of total loans at March 31, 2013, compared to $477.2 million, or 74.3% of total loans at December 31, 2012, a three month decrease of $2.9 million, or 0.6% primarily due to the payoff of three large commercial relationships.  Commercial loan balances at March 31, 2013 amounted to $212.4 million, compared to $220.5 million at December 31, 2012, a three month decrease of $8.1 million or 3.7%. Darryl Broussard, Sr. Vice President and Chief Lending Officer, stated, "Two performing commercial relationships totaling approximately $8 million paid off amid circumstances that we do not expect to be a trend. A portion of the decrease in commercial loans is attributable to the payoff of a $3.8 million non-performing loan during March. Additionally, commercial loan production has increased 80% during the first half of the fiscal year compared to last year. Our commercial loan pipeline is up significantly over last year."   Consumer loan balances at March 31, 2013 amounted to $115.8 million, compared to $113.4 million at December 31, 2012, a linked quarter increase of $2.4 million, or 2.2%.   One Year Comparison. Gross loans receivable increased to $643.3 million at March 31, 2013 from $641.5 million at March 31, 2012, a twelve month increase of $1.8 million, or 0.3%. SmartGrowth Loans increased to $474.3 million at March 31, 2013, from $463.9 million at March 31, 2012, a twelve month increase of $10.4 million, or 2.2%.   Commercial loan balances at March 31, 2013 amounted to $212.4 million, compared to $208.6 million at March 31, 2012, a twelve month increase of $3.8 million, or 1.8%. Consumer loan balances at March 31, 2013 amounted to $115.8 million, compared to $106.6 million at March 31, 2012 a twelve month increase of $9.2 million, or 8.6%. "Quality loan origination and retention are a major focus for Teche," said Broussard. "The current favorable economic climate in South Louisiana provides a strong tailwind for us."  Deposits                                                                                   ---------------------------------------------------------------------------- QUARTERLY COMPARISON (In                                                      000,000's)                      Mar '13  Dec '12  Sep '12  Jun '12  Mar '12 ---------------------------------------------------------------------------- SmartGrowth Deposits                                                           Checking                      $  259.0 $  230.8 $  220.3 $  218.7 $  223.3   Money Market                      52.1     55.0     55.2     52.5     54.8   Savings                          210.6    204.2    198.7    198.1    194.9                                 -------- -------- -------- -------- -------- Total SmartGrowth Deposits      $  521.7 $  490.0 $  474.2 $  469.3 $  473.0 Time Deposits                      138.7    140.6    143.5    146.2    157.5                                 -------- -------- -------- -------- -------- Total Deposits                  $  660.4 $  630.6 $  617.7 $  615.5 $  630.5    Linked Quarter Comparison. Total deposits increased to $660.4 million at March 31, 2013, from $630.6 million at December 31, 2012, a linked quarter increase of $29.8 million, or 4.7%. The Company's SmartGrowth Deposit Accounts, consisting of checking accounts, money market accounts, and savings accounts, increased $31.7 million, or 6.5%, to $521.7 million at March 31, 2013, from $490.0 million at December 31, 2012.  Checking account balances increased $28.2 million, or 12.2%, to $259.0 million at March 31, 2013, from $230.8 million at December 31, 2012.  One Year Comparison. Total deposits increased to $660.4 million at March 31, 2013, from $630.5 million at March 31, 2012, a twelve month increase of $29.9 million, or 4.7%. Total SmartGrowth Deposits increased $48.7 million, or 10.3% from $473.0 million at March 31, 2012 to $521.7 million at March 31, 2013.  SmartGrowth Deposits amounted to 79.0% of total deposits as of March 31, 2013 compared to 75.0% at March 31, 2012.  Checking account balances have increased 16.0%, or $35.7 million, in the past twelve months from $223.3 million at March 31, 2012 to $259.0 million at March 31, 2013. Checking account balances at March 31, 2013 accounted for 39.2% of total deposits compared to 35.4% of total deposits at March 31, 2012.  Teche Holding Company is the parent company of Teche Federal Bank, which operates twenty offices in South Louisiana and serves over 68,000 customers. Teche is the fourth largest publicly traded bank holding company based in Louisiana with over $860 million in assets. Deposits at Teche Federal Bank are insured up to the legal maximum amount by the Federal Deposit Insurance Corporation (FDIC). Teche Holding Company's common stock is traded under the symbol "TSH" on the NYSE MKT.  Statements contained in this news release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, factors discussed in documents filed by Teche Holding Company with the Securities and Exchange Commission from time to time. The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.                                                                                                              TECHE HOLDING COMPANY                                            (Dollars in thousands, except per share data)                                                New Iberia, LA                                                            Statements of Income                                                             (UNAUDITED)                                                                          THREE MONTHS ENDED                                         -----------------------------------------------------  Condensed Statements     Mar.       Dec.       Sep.       Jun.       Mar.     of Income               2013       2012       2012       2012       2012                          ---------  ---------  ---------  ---------  ---------  Interest Income       $   9,002  $   9,571  $   9,836  $   9,725  $   9,807  Interest Expense          1,697      1,832      1,895      1,993      2,111                        ---------  ---------   --------  ---------  ---------  Net Interest Income       7,305      7,739      7,941      7,732      7,696  Provision for Loan                                                            Losses                     250        150        500        510        550                        ---------  ---------   --------  ---------  ---------  Net Interest Income                                                           after                                                                         Provision for Loan                                                            Losses                 7,055      7,589      7,441      7,222      7,146  Non Interest Income       3,971      5,812      4,208      3,651      3,881  Non Interest Expense      8,705      8,752      8,534      8,287      8,445                        ---------  ---------   --------  ---------  ---------  Income Before Income                                                          Taxes                    2,321      4,649      3,115      2,586      2,582  Income Taxes                762      1,577      1,042        854        874                        ---------  ---------   --------  ---------  ---------  Net Income            $   1,559  $   3,072  $   2,073  $   1,732  $   1,708                        =========  =========   ========  =========  =========  Selected Financial                                                            Data                                                                                              ---------  ---------   --------  ---------  ---------  Dividends Declared                                                            Per Share            $    0.00  $    0.73  $   0.365  $   0.365  $   0.365  Basic Earnings Per                                                            Common Share         $    0.76  $    1.51  $    1.02  $    0.84  $    0.83  Diluted Earnings Per                                                          Common Share         $    0.75  $    1.49  $    1.01  $    0.83  $    0.82  Annualized Return on                                                          Avg. Assets               0.74%      1.44%      0.98%      0.83%      0.83% Annualized Return on                                                          Avg. Equity               7.19%     14.17%      9.81%      8.28%      8.22% Annualized Return on                                                          Avg.                                                                          Tangible Equity (1)      7.52%     14.80%     10.25%      8.67%      8.61% Yield on Interest                                                             Earning Assets            4.66%      4.92%      5.07%      5.10%      5.20% Cost of Interest                                                              Bearing Liabilities       1.04%      1.11%      1.14%      1.23%      1.31% Spread                     3.62%      3.80%      3.93%      3.87%      3.90% Net Interest Margin        3.78%      3.98%      4.10%      4.06%      4.08% Non-Interest                                                                  Income/Avg. Assets        1.87%      2.73%      1.99%      1.76%      1.89% Non-Interest                                                                  Expense/Avg. Assets       4.11%      4.11%      4.03%      3.99%      4.11% Quarterly Net Charge-                                                         offs/Avg. Loans           0.05%      0.07%      0.05%      0.08%      0.08% Weighted avg. shares                                                          Outstanding                                                                     Basic                 2,038      2,039      2,028      2,055      2,067      Diluted               2,066      2,064      2,061      2,078      2,088  AVERAGE BALANCE SHEET                                                         DATA                                                                                              ---------  ---------  ---------  ---------  ---------  Total Assets          $ 847,615  $ 851,126  $ 846,114  $ 830,958  $ 821,582  Earning assets        $ 772,248  $ 778,592  $ 775,399  $ 762,007  $ 753,980  Loans                 $ 641,192  $ 667,191  $ 665,952  $ 648,640  $ 636,356  Interest-bearing                                                              deposits             $ 538,889  $ 527,476  $ 521,708  $ 523,488  $ 522,420  Total deposits        $ 640,504  $ 623,689  $ 612,785  $ 617,209  $ 608,777  Total stockholders'                                                           equity               $  86,682  $  86,713  $  84,525  $  83,643  $  83,095                                                                               (1) Eliminates the effect of goodwill and the core deposit intangible         assets and the related amortization expense on a tax effected basis. The     amount was calculated using the following information.                                                                                                   Average Stockholders'                                                         Equity               $  86,682  $  86,713  $  84,525  $  83,643  $  83,095  Less average goodwill                                                         and other intangible                                                         assets, net of                                                               related income taxes     3,656      3,657      3,659      3,664      3,665                        ---------  ---------   --------  ---------  ---------  Average Tangible                                                              Equity               $  83,026  $  83,056  $  80,866  $  79,979  $  79,430                        =========  =========   ========  =========  =========                                                                               Net Income            $   1,559  $   3,072  $   2,073  $   1,732  $   1,708  Plus Amortization of                                                          core deposit                                                                 intangibles, net of                                                          related income taxes         1          1          1          2          2                        ---------  ---------   --------  ---------  ---------  Net Income, as                                                                adjusted             $   1,560  $   3,073  $   2,074  $   1,734  $   1,710                        =========  =========   ========  =========  =========                                                                                                                                                                                                                                                                       TECHE HOLDING COMPANY                                            (Dollars in thousands, except per share data)                                                New Iberia, LA                                                            Statements of Income                                                             (UNAUDITED)                                                                      FISCAL YEAR TO DATE (SIX MONTHS) ENDED                                     -----------------------------------------                                       Mar.       Mar.                                                              2013       2012     $Change    %Change                                    ---------  ---------  ---------  --------  Interest Income                   $  18,573  $  19,573  $  (1,000)     -5.1% Interest Expense                      3,529      4,191       (662)    -15.8%                                   ---------  ---------  ---------  --------  Net Interest Income                  15,044     15,382       (338)     -2.2% Provision for Loan Losses               400        900       (500)    -55.6                                    ---------  ---------  ---------  --------  Net Interest Income after                                                      Provision for Loan Losses          14,644     14,482        162       1.1% Non Interest Income                   9,783      7,649      2,134      27.9% Non Interest Expense                 17,457     16,892        565       3.3%                                   ---------  ---------  ---------  --------                                                                                 Income Before Income Taxes          6,970      5,239      1,731      33.0% Income Taxes                          2,339      1,759        580      33.0%                                   ---------  ---------  ---------  --------  Net Income                        $   4,631  $   3,480  $   1,151      33.1%                                   =========  =========  =========  ========                                                                               Selected Financial Data                                                                                        ---------  ---------  ---------  --------  Dividends Declared Per Share      $    0.73  $   0.725  $    0.05       0.7% Basic Earnings Per Common Share   $    2.27  $    1.69  $    0.58      34.3% Diluted Earnings Per Common Share $    2.24  $    1.67  $    0.57      34.1% Annualized Return on Avg. Assets       1.09%      0.86%      0.23%     26.7% Annualized Return on Avg. Equity      10.68%      8.54%      2.14%     25.1% Annualized Return on Avg.                                                      Tangible Equity (1)                 11.16%      8.94%      2.22%     24.8% Yield on Interest Earning Assets       4.79%      5.25%     -0.46%     -8.8% Cost of Interest Bearing                                                      Liabilities                           1.08%      1.31%     -0.23%    -17.6% Spread                                 3.71%      3.94%     -0.23%     -5.8% Net Interest Margin                    3.88%      4.12%     -0.24%     -5.8% Non-Interest Income/Avg. Assets        2.30%      1.88%     -0.42%     22.3% Non-Interest Expense/Avg. Assets       4.11%      4.16%     -0.05%     -1.2% Quarterly Net Charge-offs/Avg.                                                Loans                                 0.13%      0.12%      0.01%      8.3% Weighted avg. shares Outstanding                                                 Basic                             2,039      2,063        -24      -1.2%     Diluted                           2,065      2,083        -18      -0.9%                                                                              AVERAGE BALANCE SHEET DATA                                                                                     ---------  ---------  ---------  --------  Total Assets                      $ 849,384  $ 812,252  $  37,132       4.6% Earning assets                    $ 775,458  $ 745,806  $  29,652       4.0% Loans                             $ 654,336  $ 628,673  $  25,663       4.1% Interest-bearing deposits         $ 533,117  $ 517,731  $  15,386       3.0% Total deposits                    $ 632,001  $ 601,532  $  30,469       5.1% Total stockholders' equity        $  86,694  $  81,536  $   5,158       6.3%                                                                              (1) Eliminates the effect of goodwill and the core deposit intangible         assets and the related amortization expense on a tax effected basis. The     amount was calculated using the following information.                                                                                                   Average Stockholders' Equity      $  86,694  $  81,536  $   5,158       6.3% Less average goodwill and other                                               intangible assets, net of                                                    related income taxes                 3,658      3,665         (7)     -0.2% Average Tangible Equity              83,036     77,871      5,165       6.6%                                   =========  =========  =========  ========                                                                               Net Income                            4,631      3,480      1,151      33.1% Plus Amortization of core deposit                                             intangibles, net of related                                                  income taxes                             2          6         (4)    -66.6%                                   ---------  ---------  ---------  --------  Net Income, as adjusted           $   4,633  $   3,486  $   1,147      32.9%                                   =========  =========  =========  ========                                                                                                                                                                                                                                                                    TECHE HOLDING COMPANY                                            (Dollars in thousands, except per share data)                                                New Iberia, LA                                                               Balance Sheet                                                                 (UNAUDITED)                                                                                                                                     Mar. 2013  Dec. 2012  Sep. 2012  Jun. 2012  Mar. 2012                        ---------  ---------  ---------  ---------  ---------  SmartGrowth Loans                                                                Consumer          $ 115,803  $ 113,365  $ 110,235  $ 109,287  $ 106,596      Commercial          212,359    220,463    215,212    216,929    208,579      Home Equity          42,107     42,546     43,233     44,513     46,486      SmartMortgage                                                                 Loans              104,040    100,859    111,072    106,532    102,228                        ---------  ---------  ---------  ---------  ---------  Total SmartGrowth                                                             Loans                  474,309    477,233    479,752    477,261    463,889    Mortgage Loans                                                                (owner occupied                                                              conforming)          168,989    165,364    194,650    183,274    177,566                        ---------  ---------  ---------  ---------  ---------                          643,298    642,597    674,402    660,535    641,455  Allowance for Loan                                                            Losses                  (8,135)    (8,234)    (8,559)    (8,411)    (8,450)                       ---------  ---------  ---------  ---------  ---------  Loans Receivable, Net   635,163    634,363    665,843    652,124    633,005                                                                               Cash and Securities     162,262    142,406    124,080    129,750    136,841  Goodwill and Other                                                            Intangibles              3,656      3,657      3,659      3,661      3,664  Foreclosed Real                                                               Estate                     639        697        513        625        397  Other                    58,609     58,575     57,867     57,608     55,799                        ---------  ---------  ---------  ---------  ---------  TOTAL ASSETS          $ 860,329  $ 839,698  $ 851,962  $ 843,768  $ 829,706                        ---------  ---------  ---------  ---------  ---------                                                                               SmartGrowth Deposits                                                             Checking          $ 259,014  $ 230,845  $ 220,268  $ 218,717  $ 223,228      Money Market         52,077     54,955     55,251     52,478     54,817      Savings             210,636    204,241    198,667    198,042    194,919                        ---------  ---------  ---------  ---------  ---------  Total Smart Growth                                                            Deposits               521,727    490,041    474,186    469,237    472,964  Time Deposits           138,728    140,598    143,536    146,227    157,547                         ---------  ---------  ---------  ---------  ---------  Total Deposits          660,455    630,639    617,722    615,464    630,511                                                                               FHLB Advances           107,903    117,034    142,751    139,955    110,344  Other Liabilities         5,340      7,258      7,948      6,669      6,682  Stockholders' Equity     86,631     84,767     83,541     81,680     82,169                        ---------  ---------  ---------  ---------  ---------  TOTAL LIABILITIES AND                                                         STOCKHOLDERS' EQUITY $ 860,329  $ 839,698  $ 851,962  $ 843,768  $ 829,706                        ---------  ---------  ---------  ---------  ---------                                                                               Ratio of Equity to                                                            Assets                   10.07%     10.09%      9.81%      9.68%      9.90% Tangible Equity Ratio      9.69%      9.70%      9.42%      9.29%      9.50% Total Risk-Based                                                              Capital Ratio            14.38%     14.34%     14.09%     13.79%     14.12% Book Value per Common                                                         Share                $   42.40  $   41.65  $   41.09  $   40.32  $   39.68  Tangible Book Value                                                           Per Common Share (1) $   40.62  $   39.86  $   39.29  $   38.51  $   37.91  Shares Outstanding                                                            (in thousands)           2,043      2,035      2,033      2,026      2,071  Non-performing                                                                Assets/Total Assets       0.68%      1.20%      1.28%      1.34%      1.43% ALLL/Loans                 1.26%      1.28%      1.27%      1.27%      1.32% ALLL/NPLs                158.54%     87.76%     82.52%     79.63%     74.02%                                                                              (1) Eliminates the effect of goodwill and the core deposit intangible assets  and the related amortization expense on a tax affected basis. The amount     was calculated using the following information.                                                                                                          Stockholders' Equity  $  86,631  $  84,767  $  83,541  $  81,680  $  82,169  Less goodwill and                                                             other Intangible                                                             assets, net of                                                               related income taxes    (3,654)    (3,656)    (3,655)    (3,658)    (3,654)                       ---------  ---------  ---------  ---------  ---------  Tangible                                                                      Stockholders' Equity $  82,977  $  81,111  $  79,886  $  78,022  $  78,515                        =========  =========  =========  =========  =========                                                                               Total Assets          $ 860,329  $ 839,698  $ 851,962  $ 843,768  $ 829,706  Less goodwill and                                                             other Intangible                                                             assets, net of                                                               related income taxes    (3,654)    (3,656)    (3,655)    (3,658)    (3,654)                       ---------  ---------  ---------  ---------  ---------  Total Tangible Assets $ 856,675  $ 836,042  $ 848,307  $ 840,110  $ 826,052                        =========  =========  =========  =========  =========                                                                                                                                                                                                                                         Quarter-End Loan                Net        Net                                Data                 Total   Charge-    Charge-     90 Days +   90 Days +   March 31, 2013        Loans    Offs       Offs      Non Accrual Non Accrual  (In 000's)           Dollars  Dollars  Percentage     Dollars    Percentage                      -------- --------  ----------   ----------- -----------  Real Estate Loans                                                              Construction      $ 14,902 $     --        0.00%  $        --         0.0%   Permanent,                                                                    Secured by:                                                                   1-4 Dwelling                                                                  Units:                                                                        Revolving,                                                                    Open-End                                                                     Loans                                                                        (HELOC)        21,431       15        0.07%           28         0.1%       All Other                                                                      Secured by                                                                    First                                                                        Liens      $356,098      183        0.05%  $     2,831         0.8%         Secured by                                                                    Junior                                                                       Liens         6,625       --        0.00%           --         0.0%     Multifamily (5+                                                               Dwelling                                                                     Units)           19,848       --        0.00%          911         4.6%     Nonresidential                                                                Property                                                                     (Except Land)   103,626      (15)      (0.01%)         347         0.3%     Land              30,000       34        0.11%          820         2.7%                     -------- --------  ----------   ----------- -----------          Consumer      20,125       14        0.07%           96         0.5%                     -------- --------  ----------   ----------- -----------          Commercial     9,875       20        0.20%          724         7.3%                     -------- --------  ----------   ----------- -----------  Subtotal - Real                                                               Estate Loans       $552,530      217        0.04%  $     4,937         0.9%                     -------- --------  ----------   ----------- -----------                                                                               Non-Real Estate                                                               Loans:                                                                        Commercial Loans  $ 29,942 $     --        0.00%  $        14         0.0%   Consumer Loans:                                                                  Loans on                                                                      Deposits        3,416        1        0.03%           25         0.7%       Auto Loans       2,459       --        0.00%            5         0.2%       Mobile Home                                                                   Loans          38,626      124        0.32%          225         0.6%       Other           16,325        7        0.04%          123         0.8%                     -------- --------  ----------   -----------              Subtotal - Non Real                                                           Estate Loans       $ 90,768      131        0.14%  $       392         0.4%                     -------- --------  ----------   ----------- -----------                                                                               Gross Loans         $ 643,298 $    349        0.05%  $     5,329         0.8%                     ======== ========               ===========                                                                                           Non-accruals        $  4,994                                                 90 + Days Past Due       335                                                 OREO & Foreclosed        723                                                                     --------                                                     Nonperforming                                                                 Assets (Net)   $  6,052                                                                     ========                                                     Performing TDRs       --                                                                                                                                                                                                                                                                                                                          Net       Net                              Quarter-End Loan Data   Total   Charge-   Charge-    90 Days +   90 Days +   December 31, 2012       Loans    Offs      Offs     Non Accrual Non Accrual  (In 000's)             Dollars  Dollars Percentage    Dollars    Percentage                        -------- -------- ----------  ----------- -----------  Real Estate Loans                                                              Construction        $ 17,108 $     --       0.00% $        --         0.0%   Permanent, Secured                                                            by:                                                                           1-4 Dwelling                                                                  Units:                                                                        Revolving,                                                                    Open-End Loans                                                               (HELOC)          20,839       --       0.00%          68         0.3%       All Other                                                                      Secured by                                                                    First Liens   347,104      285       0.08%       2,888         0.8%         Secured by                                                                    Junior Liens    6,800       --       0.00%          --         0.0%     Multifamily (5+                                                               Dwelling Units)    20,112       --       0.00%         943         4.7%     Nonresidential                                                                Property (Except                                                             Land)             103,307       --       0.00%         212         0.2%     Land                34,040      121       0.36%       4,714        13.8%                       -------- -------- ----------  ----------- -----------          Consumer        19,973       --       0.00%         177         0.9%                       -------- -------- ----------  ----------- -----------          Commercial      14,067      121       0.86%       4,537        32.3%                       -------- -------- ----------  ----------- -----------  Subtotal - Real                                                               Estate Loans         $549,310 $    406       0.07% $     8,825         1.6%                       -------- -------- ----------  ----------- -----------                                                                               Non-Real Estate                                                               Loans:                                                                        Commercial Loans    $ 33,364 $     --       0.00% $        14         0.0%   Consumer Loans:                                                                  Loans on                                                                      Deposits          3,431       --       0.00%          50         1.5%       Auto Loans         2,198       13       0.59%           8         0.4%       Mobile Home                                                                   Loans            38,055       54       0.14%         645         1.7%       Other             16,239        2       0.01%          39         0.2%                       -------- -------- ----------  -----------              Subtotal - Non Real                                                           Estate Loans         $ 93,287 $     69       0.07% $       756         0.8%                       -------- -------- ----------  ----------- -----------                                                                               Gross Loans           $642,597 $    475       0.07% $     9,581         1.5%                       ======== ======== ----------  =========== -----------                                                                               Non-accruals          $  9,177                                               90 + Days Past Due         404                                               OREO & Foreclosed          683                                                                     --------                                                   Nonperforming                                                                 Assets (Net)     $ 10,264                                                                     ========                                                   Performing TDRs         --                                                                                                                                                                                                                                                                                      Quarter-End Loan                Net        Net                                Data                 Total   Charge-    Charge-     90 Days +   90 Days +   September 30, 2012    Loans    Offs       Offs      Non Accrual Non Accrual  (In 000's)           Dollars  Dollars  Percentage     Dollars    Percentage                      -------- --------  ----------   ----------- -----------  Real Estate Loans                                                              Construction      $ 16,835 $     --        0.00%  $        --         0.0%   Permanent,                                                                    Secured by:                                                                   1-4 Dwelling                                                                  Units:                                                                        Revolving,                                                                    Open-End                                                                     Loans                                                                        (HELOC)        20,641       --        0.00%          127         0.6%       All Other                                                                      Secured by                                                                    First                                                                        Liens       383,954      285        0.07%        4,140         1.1%         Secured by                                                                    Junior                                                                       Liens         6,892       --        0.00%          181         2.6%     Multifamily (5+                                                               Dwelling                                                                     Units)           21,248       --        0.00%           --         0.0%     Nonresidential                                                                Property                                                                     (Except Land)    99,347       26        0.03%          810         0.8%     Land              3 2,652       (4)       0.01%        4,530        13.9%                     -------- --------  ----------   ----------- -----------          Consumer      19,340       --        0.00%          186         1.0%                     -------- --------  ----------   ----------- -----------          Commercial    13,312       (4)      (0.03%)       4,344        32.6%                     -------- --------  ----------   ----------- -----------  Subtotal - Real                                                               Estate Loans       $581,569 $    307        0.05%  $     9,788         1.7%                     -------- --------  ----------   ----------- -----------                                                                               Non-Real Estate                                                               Loans:                                                                        Commercial Loans  $ 34,032 $     --        0.00%  $         2         0.0%   Consumer Loans:                                                                  Loans on                                                                      Deposits        3,636       --        0.00%           89         2.4%       Auto Loans       2,112       --        0.00%           21         1.0%       Mobile Home                                                                   Loans          37,030       30        0.08%          425         1.1%       Other           16,023       15        0.09%           47         0.3%                     -------- --------  ----------   -----------              Subtotal - Non Real                                                           Estate Loans       $ 92,833 $     45        0.05%  $       584         0.6%                     -------- --------  ----------   ----------- -----------                                                                               Gross Loans         $674,402 $    352        0.05%  $    10,372         1.5%                     ======== ========  ----------   =========== -----------                                                                               Non-accruals        $ 10,021                                                 90 + Days Past Due       351                                                 OREO & Foreclosed        490                                                                     --------                                                   Nonperforming                                                                 Assets (Net)     $ 10,862                                                                     ========                                                   Performing TDRs         --                                                                                                                                                                                                                                                                                        Loans: Linked Quarter                                                         Comparison                                                                                         03/31/   03/31/   12/31/   12/31/                     Average Loan            2013     2013     2012     2012    Change    Change  Balances & Yields (In                                                         000's)                Balance  Yield    Balance  Yield    Balance   Yield                         -------- -------  -------- -------  --------  -------  Real Estate Loans                                                              1-4 Family          $393,736    4.77% $416,485    4.84% $(22,749)   -0.07%   Commercial           135,064    4.95%  136,251    5.25%   (1,187)   -0.30%                       --------          --------          --------                                  528,800    4.81%  552,736    4.94%  (23,936)   -0.13%                                                                              Non-Real Estate Loans                                                          Commercial          $ 31,782    5.05% $ 35,093    5.41% $ (3,311)   -0.36%   Consumer              80,610    8.95%   79,362    9.05%    1,248    -0.10%                       --------          --------          --------                                  112,392    7.85%  114,455    7.93%   (2,063)   -0.08%                                                                              Total All Loans       $641,192    5.34% $667,191    5.45% $(25,999)   -0.11%                       ========          ========          ========                                                                                                                                                                                            03/31/   03/31/   03/31/   03/31/                     Prior Year Comparison   2013     2013     2012     2012    Change    Change  Average Loan Balances                                                        & Yields(In 000's)     Balance  Yield    Balance  Yield    Balance   Yield                         -------- -------  -------- -------  --------  -------  Real Estate Loans                                                              1-4 Family          $393,736    4.77% $396,005    5.19% $ (2,269)   -0.42%   Commercial           135,064    4.95%  137,203    5.54%   (2,139)   -0.59%                       --------          --------          --------                                  528,800    4.81%  533,208    5.28%   (4,408)   -0.47%                                                                              Non-Real Estate Loans                                                          Commercial          $ 31,782    5.05% $ 26,721    5.77% $  5,061    -0.72%   Consumer              80,610    8.95%   76,427    9.16%    4,183    -0.21%                       --------          --------          --------                                  112,392    7.85%  103,148    8.28%    9,244    -0.43%                                                                              Total All Loans       $641,192    5.34% $636,356    5.76% $  4,836    -0.42%                       ========          ========          ========                                                                                                                                                                     Loans: Linked Quarter                                                         Comparison                                                                                         12/31/   12/31/   09/30/   09/30/                     Average Loan            2012     2012     2012     2012    Change    Change  Balances & Yields (In                                                         000's)                Balance  Yield    Balance  Yield    Balance   Yield                         -------- -------  -------- -------  --------  -------  Real Estate Loans                                                              1-4 Family          $416,485    4.84% $419,789    4.95% $ (3,304)   -0.11%   Commercial           136,251    5.25%  135,547    5.40%      704    -0.15%                       --------          --------          --------                                  552,736    4.94%  555,336    5.06% $ (2,600)   -0.12%                                                                              Non-Real Estate Loans                                                          Commercial          $ 35,093    5.41% $ 31,963    5.64% $  3,130    -0.23%   Consumer              79,362    9.05%   78,653    9.21%      709    -0.16%                       --------          --------          --------                                  114,455    7.93%  110,616    8.18%    3,839    -0.25%                                                                              Total All Loans       $667,191    5.45% $665,952    5.58% $  1,239    -0.13%                       ========          ========          ========                                                                                                                                                                                             12/31/   12/31/   12/31/   12/31/                     Prior Year Comparison   2012     2012     2011     2011    Change    Change  Average Loan Balances                                                        & Yields(In 000's)     Balance  Yield    Balance  Yield    Balance   Yield                         -------- -------  -------- -------  --------  -------  Real Estate Loans                                                              1-4 Family          $416,485    4.84% $384,094    5.21% $ 32,391    -0.37%   Commercial           136,251    5.25%  132,074    5.64%    4,177    -0.39%                       --------          --------          --------                                  552,736    4.94%  516,168    5.32%   36,568    -0.38%                                                                              Non-Real Estate Loans                                                          Commercial          $ 35,093    5.41% $ 27,258    6.06% $  7,835    -0.65%   Consumer              79,362    9.05%   77,647    9.33%    1,715    -0.28%                       --------          --------          --------                                  114,455    7.93%  104,905    8.48%    9,550    -0.55%                                                                              Total All Loans       $667,191    5.45% $621,073    5.85% $ 46,118    -0.40%                       ========          ========          ========                                                                                                                                                                                                                                                  Loans: Linked Quarter                                                         Comparison                                                                                         09/30/   09/30/   06/30/   06/30/                     Average Loan            2012     2012     2012     2012    Change    Change  Balances & Yields (In                                                         000's)                Balance  Yield    Balance  Yield    Balance   Yield                         -------- -------  -------- -------  --------  -------  Real Estate Loans                                                              1-4 Family          $419,789    4.95% $407,115    5.03% $ 12,674    -0.08%   Commercial           135,547    5.40%  136,402    5.57% $   (855)   -0.17%                       --------          --------          --------           Total Real Estate                                                             Loans                 555,336    5.06%  543,517    5.18%   11,819    -0.12%                                                                              Non-Real Estate Loans                                                          Commercial          $ 31,963    5.64% $ 28,206    5.46% $  3,757     0.18%   Consumer              78,653    9.21%   76,917    9.10%    1,736     0.11%                       --------          --------          --------           Total Non-Real Estate                                                         Loans                 110,616    8.18%  105,123    8.13%    5,493     0.05%                                                                              Total All Loans       $665,952    5.58% $648,640    5.63% $ 17,312    -0.05%                       ========          ========          ========                                                                                                                                                                     Loans: Prior Year                                                            Comparison                                                                                          09/30/   09/30/   09/30/   09/30/                     Average Loan            2012     2012     2011     2011    Change    Change  Balances & Yields (In                                                        000's)                 Balance  Yield    Balance  Yield    Balance   Yield                         -------- -------  -------- -------  --------  -------  Real Estate Loans                                                              1-4 Family          $401,968    5.08% $353,573    5.73% $ 48,395    -0.65%   Commercial           135,300    5.51%  131,192    5.63%    4,108    -0.12%                       --------          --------          --------                                  537,268    5.19%  484,765    5.70%   52,503    -0.51%                                                                              Non-Real Estate Loans                                                          Commercial          $ 28,543    5.79% $ 26,211    5.99% $  2,332    -0.20%   Consumer              77,413    9.21%   79,378    9.42%   (1,965)   -0.21%                       --------          --------          --------                                  105,956    8.29%  105,589    8.57%      367    -0.28%                                                                              Total All Loans       $643,224    5.70% $590,354    6.21% $ 52,870    -0.51%                       ========          ========          ========                                                                                                                                                                                                                                                  Interest-bearing Liabilities: Linked Quarter Comparison                                                                                                   Average       03/31/   03/31/   12/31/   12/31/                               balances      2013     2013     2012     2012    Change   Change  %Balance                          Avg.              Avg.              Avg.             (In 000's)   $Balance  Yield   $Balance  Yield   $Balance   Yield   Change                -------- -------  -------- -------  --------  ------  --------    NOW                                                                           Accounts  $138,875    0.18% $128,492    0.22% $ 10,383   -0.04%      8.1%   Non-                                                                          interest                                                                     bearing                                                                      Deposits   101,615    0.00%   96,213    0.00%    5,402   -0.00%      5.6%              -------- -------  -------- -------  --------  ------  --------      Checking                                                                      Total   $240,490    0.10% $224,705    0.12% $ 15,785   -0.02%      7.0%                                                                                Savings                                                                       Accounts  $207,972    0.23% $203,181    0.33% $  4,791   -0.10%      2.4%   Money                                                                         Market                                                                       Accounts    52,370    0.11%   54,445    0.15%   (2,075)  -0.04%     -3.8%              -------- -------  -------- -------  --------  ------  --------                                                                                 Total                                                                         Smart                                                                        Growth                                                                       Deposits  $500,832    0.16% $482,331    0.21% $ 18,501   -0.05%      3.8%                                                                                Time                                                                          Deposits  $139,672    1.50% $141,358    1.62% $ (1,686)  -0.12%     -1.2%                                                                                Total                                                                         Deposits  $640,504    0.45% $623,689    0.53% $ 16,815   -0.08%      2.7%                                                                                FHLB                                                                          Advances  $114,063    3.43% $131,845    3.04% $(17,782)   0.39%    -13.5%              -------- -------  -------- -------  --------  ------  --------                                                                               Total                                                                         Interest-                                                                    bearing                                                                      liabilities $652,952    1.04% $659,321    1.11% $ (6,369)  -0.07%     -1.0%              ========          ========          ========                                                                                                 Non-interest                                                                  bearing                                                                      Deposits    $101,615    0.00% $ 96,213    0.00% $  5,402    0.00%      5.6%                                                                                                                                                           Interest-bearing Liabilities: Prior Year Comparison                                                                                                       Average       03/31/   03/31/   03/31/   03/31/                              balances       2013     2013     2012     2012    Change   Change  %Balance                          Avg.              Avg.              Avg.             (In 000's)   $Balance  Yield   $Balance  Yield   $Balance   Yield   Change                -------- -------  -------- -------  --------  ------  --------    NOW                                                                           Accounts  $138,875    0.18% $119,544    0.19% $ 19,331  -.0.01%     16.2%   Non-                                                                          interest                                                                     bearing                                                                      Deposits   101,615    0.00%   86,358    0.00%   15,257    0.00%     17.7%              -------- -------  -------- -------  --------  ------  --------      Checking                                                                      Total   $240,490    0.10% $205,902    0.11% $ 34,588   -0.01%     16.8%                                                                                Savings                                                                       Accounts  $207,972    0.23% $190,365    0.32% $ 17,607   -0.09%      9.2%   Money                                                                         Market                                                                       Accounts    52,370    0.11%   53,727    0.25%   (1,357)  -0.14%     -2.5%              -------- -------  -------- -------  --------  ------  --------                                                                                 Total                                                                         Smart                                                                        Growth                                                                       Deposits  $500,832    0.16% $449,994    0.22% $ 50,838   -0.06%     11.3%                                                                                Time                                                                          Deposits  $139,672    1.50% $158,784    2.16% $(19,112)  -0.66%    -12.0%                                                                              Total                                                                         Deposits    $640,504    0.45% $608,778    0.72% $ 31,726   -0.27%      5.2%                                                                                FHLB                                                                          Advances  $114,063    3.43% $123,665    3.28% $ (9,602)   0.15%     -7.8%              -------- -------  -------- -------  --------  ------  --------                                                                               Total                                                                         Interest-                                                                    bearing                                                                      liabilities $652,952    1.04% $646,085    1.31% $  6,867   -0.27%      1.1%              ========          ========          ========                                                                                                 Non-interest                                                                  bearing                                                                      Deposits    $101,615    0.00% $ 86,358    0.00% $ 15,257    0.00%     17.7%                                                                                                                                                                                                                                        Interest-bearing Liabilities: Linked Quarter Comparison                                                                                                   Average       12/31/   12/31/    9/30/   9/30/                                balances      2012     2012     2012     2012    Change   Change  %Balance                          Avg.              Avg.              Avg.             (In 000's)   $Balance  Yield   $Balance  Yield   $Balance   Yield   Change                -------- -------  -------- -------  --------  ------  --------    NOW                                                                           Accounts  $128,492    0.22% $124,017    0.22% $  4,475    0.00%      3.6%   Non-                                                                          interest                                                                     bearing                                                                      Deposits    96,213    0.00%   91,077    0.00%    5,136    0.00%      5.6%              -------- -------  -------- -------  --------  ------  --------      Checking                                                                      Total   $224,705    0.12% $215,094    0.12% $  9,611    0.00%      4.5%                                                                                Savings                                                                       Accounts  $203,181    0.33% $198,079    0.33% $  5,102    0.00%      2.6%   Money                                                                         Market                                                                       Accounts    54,445    0.15%   54,791    0.18%     (346)  -0.03%     -0.6%              -------- -------  -------- -------  --------  ------  --------                                                                                 Total                                                                          Smart                                                                        Growth                                                                       Deposits  $482,331    0.21% $467,964    0.22% $ 14,367   -0.01%      3.1%                                                                                Time                                                                          Deposits  $141,358    1.62% $144,821    1.75% $ (3,463)  -0.13%     -2.4%                                                                                Total                                                                         Deposits  $623,689    0.53% $612,785    0.58% $ 10,904   -0.05%      1.8%                                                                                FHLB                                                                          Advances  $131,845    3.04% $141,565    2.85% $ (9,720)   0.19%     -6.9%              -------- -------   -------- -------  --------  ------  --------                                                                               Total                                                                         Interest-                                                                    bearing                                                                      liabilities $659,321    1.11% $663,273    1.14% $ (3,952)  -0.03%     -0.6%              ========          ========          ========                                                                                                 Non-interest                                                                  bearing                                                                      Deposits    $ 96,213    0.00% $ 91,077    0.00% $  5,136    0.00%      5.6%                                                                                                                                                           Interest-bearing Liabilities: Prior Year Comparison                                                                                                       Average       12/31/   12/31/   12/31/   12/31/                              balances       2012     2012     2011     2011    Change   Change  %Balance                          Avg.              Avg.              Avg.             (In 000's)   $Balance  Yield   $Balance  Yield   $Balance   Yield   Change                -------- -------  -------- -------  --------  ------  --------    NOW                                                                           Accounts  $128,492    0.22% $111,078    0.18% $ 17,414    0.04%     15.7%   Non-                                                                          interest                                                                     bearing                                                                      Deposits    96,213    0.00%   81,272    0.00%   14,941    0.00%     18.4%              -------- -------  -------- -------  --------  ------  --------      Checking                                                                      Total   $224,705    0.12% $192,350    0.11% $ 32,355    0.01%     16.8%                                                                                Savings                                                                       Accounts  $203,181    0.33% $186,897    0.31% $ 16,284    0.02%      8.7%   Money                                                                         Market                                                                       Accounts    54,445    0.15%   54,473    0.23%      (28)  -0.08%     -0.1%              -------- -------  -------- -------  --------  ------  --------                                                                                 Total                                                                         Smart                                                                        Growth                                                                       Deposits  $482,331    0.21% $433,720    0.21% $ 48,611    0.00%     11.2%                                                                                Time                                                                          Deposits  $141,358    1.62% $160,656    2.24% $(19,298)  -0.62%    -12.0%                                                                              Total                                                                         Deposits    $623,689    0.53% $594,376    0.76% $ 29,313   -0.23%      4.9%                                                                                FHLB                                                                          Advances  $131,845    3.04% $120,740    3.15% $ 11,105   -0.11       9.2%              -------- -------  -------- -------  --------  ------  --------                                                                               Total                                                                         Interest-                                                                    bearing                                                                      liabilities $659,321    1.11% $633,844    1.31% $ 25,477   -0.20%      4.0%              ========          ========          ========                                                                                                 Non-interest                                                                  bearing                                                                      Deposits    $ 96,213    0.00% $ 81,272    0.00% $ 14,941    0.00%     18.4%                                                                                                                                                                                                                                        Interest-bearing Liabilities: Linked Quarter Comparison                                                                                                   Average       09/30/   09/30/   06/30/   06/30/                               balances      2012     2012     2012     2012    Change   Change  %Balance                          Avg.              Avg.              Avg.             (In 000's)   $Balance  Yield   $Balance  Yield   $Balance   Yield   Change                -------- -------  -------- -------  --------  ------  --------    NOW                                                                           Accounts  $124,017    0.22% $123,851    0.20% $    166    0.02%      0.1%   Non-                                                                          interest                                                                     bearing                                                                      Deposits    91,077    0.00%   93,721    0.00%   (2,644)   0.00%     -2.8%              -------- -------  -------- -------  --------  ------  --------      Checking                                                                      Total   $215,094    0.12% $217,572    0.12% $ (2,478)   0.00%     -1.1%                                                                                Savings                                                                       Accounts  $198,079    0.33% $196,611    0.33% $  1,468    0.00%      0.7%   Money                                                                         Market                                                                       Accounts    54,791    0.18%   52,489    0.25%    2,302   -0.07%      4.4%              -------- -------  -------- -------  --------  ------  --------                                                                                 Total                                                                         Smart                                                                        Growth                                                                       Deposits  $467,964    0.22% $466,672    0.22% $  1,292    0.00%      0.3%                                                                                Time                                                                          Deposits  $144,821    1.75% $150,537    1.92% $ (5,716)  -0.17%     -3.8%                                                                                Total                                                                         Deposits  $612,785    0.58% $617,209    0.64% $ (4,424)  -0.06%     -0.7%                                                                                FHLB                                                                          Advances  $141,565    2.85% $123,681    3.27% $ 17,884   -0.42%     14.5%              -------- -------  -------- -------  --------  ------  --------                                                                               Total                                                                         Interest-                                                                    bearing                                                                       liabilities $663,273    1.14% $647,169    1.23% $ 16,104   -0.09%      2.5%              ========          ========          ========                                                                                                 Non-interest                                                                  bearing                                                                      Deposits    $ 91,077    0.00% $ 93,721    0.00% $ (2,644)   0.00%     -2.8%                                                                                                                                                           Interest-bearing Liabilities: Average Quarter Balances                                                                                                    Average       09/30/   09/30/   09/30/   09/30/                              balances       2012     2012     2011     2011    Change   Change  %Balance                          Avg.              Avg.              Avg.             (In 000's)   $Balance  Yield   $Balance  Yield   $Balance   Yield   Change                -------- -------  -------- -------  --------  ------  --------    NOW                                                                           Accounts  $124,017    0.22% $108,579    0.14% $ 15,438    0.08%     14.2%   Non-                                                                          interest                                                                     bearing                                                                      Deposits    91,077    0.00%   87,454    0.00%    3,623    0.00%      4.1%              -------- -------  -------- -------  --------  ------  --------      Checking                                                                      Total   $215,094    0.12% $196,033    0.08% $ 19,061    0.04%      9.7%                                                                                Savings                                                                       Accounts  $198,079    0.33% $191,840    0.33% $  6,239    0.00%      3.3%   Money                                                                         Market                                                                       Accounts    54,791    0.18%   54,787    0.30%        4   -0.12%      0.0%              -------- -------  -------- -------  --------  ------  --------                                                                                 Total                                                                         Smart                                                                        Growth                                                                       Deposits  $467,964    0.22% $442,660    0.22% $ 25,304   0.00.%      5.7%                                                                                Time                                                                          Deposits  $144,821    1.75% $165,284    2.25% $(20,463)  -0.50%    -12.4%                                                                              Total                                                                         Deposits    $612,785    0.58% $607,944    0.77% $  4,841   -0.19%      0.8%                                                                                FHLB                                                                          Advances  $141,565    2.85% $ 92,514    3.93% $ 49,051   -1.08%     53.0%              -------- -------  -------- -------  --------  ------  --------                                                                               Total                                                                         Interest-                                                                    bearing                                                                      liabilities $663,273    1.14% $613,004    1.36% $ 50,269   -0.22%      8.2%              ========          ========          ========                                                                                                 Non-interest                                                                  bearing                                                                      Deposits    $ 91,077    0.00% $ 87,454    0.00% $  3,623    0.00%      4.1%                                                                                                                                                                                                                                        Quarter-End Loan                                                              Quality Details                                                                                                                                          March 31, 2013      Total               %    Special   %                %    (In Thousands)      Loans  Classified Total  Mention Total     Pass   Total                    -------- ---------- -----  ------- -----  --------- -----  Commercial Loans                                                               Commercial Land $  9,875 $      724   7.3% $    --   0.0% $   9,151  92.7%   Commercial                                                                    Construction      7,600         --   0.0%     360   4.7%     7,240  95.3%   Commercial Real                                                               Estate          123,474      4,184   3.4%   1,825   1.5%   117,465  95.1%   Commercial Non                                                                Real Estate      29,942        146   0.5%     223   0.7%    29,573  98.8%                   -------- ---------- -----  ------- -----  --------- -----      Total                                                                         Commercial   $170,891 $    5,054   3.0% $ 2,408   1.4% $ 163,429  95.6%                                                                              Residential Loans                                                              Residential                                                                   Construction   $  7,302 $       --   0.0% $    --   0.0% $   7,302 100.0%   Residential      386,076      4,362   1.1%     320   0.1%   381,394  98.8%                   -------- ---------- -----  ------- -----  --------- -----      Total                                                                         Residential  $393,378 $    4,362   1.1% $   320   0.1% $ 388,696  98.8%                                                                              Consumer Loans                                                                 Mobile Homes    $ 38,626 $      225   0.6% $    --   0.0% $  38,401  99.4%   Consumer Other    42,325        405   1.0%      17   0.0%    41,903  99.0%                   -------- ---------- -----  ------- -----  --------- -----      Total                                                                         Consumer     $ 80,951 $      630   0.8% $    17   0.0% $  80,304  99.2%                                                                              Total All Loans   $645,220 $   10,046   1.6% $ 2,745   0.4% $ 632,429  98.0%                                                                                                                                                                                                                                        Quarter-End Loan                                                              Quality Details                                                                                                                                          December 31, 2012   Total               %    Special   %                %    (In Thousands)      Loans  Classified Total  Mention Total     Pass   Total                    -------- ---------- -----  ------- -----  --------- -----  Commercial Loans                                                               Commercial Land $ 14,067 $    4,537  32.3% $    --   0.0% $   9,530  67.7%   Commercial                                                                     Construction      7,486         --   0.0%     367   4.9%     7,119  95.1%   Commercial Real                                                               Estate          123,418      3,389   2.7%     863   0.7%   119,166  96.6%   Commercial Non                                                                Real Estate      33,364        157   0.5%     227   0.7%    32,980  98.8%                   -------- ---------- -----  ------- -----  --------- -----      Total                                                                         Commercial   $178,335 $    8,083   4.5% $ 1,457   0.8% $ 168,795  94.7%                                                                              Residential Loans                                                                                                                                           Residential                                                                   Construction   $  9,622 $       --   0.0% $    --   0.0% $   9,622 100.0%   Residential      376,546      4,252   1.1%     325   0.1%   371,969  98.8%                   -------- ---------- -----  ------- -----  --------- -----      Total                                                                         Residential  $386,168 $    4,252   1.1% $   325   0.1% $ 381,591  98.8%                                                                              Consumer Loans                                                                                                                                              Mobile Homes    $ 38,055 $      576   1.5% $    --   0.0% $  37,479  98.5%   Consumer Other    41,840        291   0.7%     195   0.5% $  41,354  98.8%                   -------- ---------- -----  ------- -----  --------- -----      Total                                                                         Consumer     $ 79,895 $      867   1.1% $   195   0.2% $  78,833  98.7%                                                                              Total All Loans   $644,398 $   13,202   2.0% $ 1,977   0.3% $ 629,219  97.6%                   ======== ========== =====  ======= =====  ========= =====                                                                                                                                                                                                                                         Quarter-End Loan                                                              Quality Details                                                             September 30,                                                                 2012               Total               %    Special   %                %    (In Thousands)      Loans  Classified Total  Mention Total     Pass   Total                    -------- ---------- -----  ------- -----  --------- -----  Commercial Loans                                                               Commercial Land $ 13,312 $    4,658  35.0% $    17   0.1% $   8,637  64.9%   Commercial                                                                    Construction      7,357         --   0.0%     370   5.0%     6,987  95.0%   Commercial Real                                                               Estate          120,558      3,524   2.9%     872   0.7%   116,162  96.4%   Commercial Non                                                                Real Estate      34,032        154   0.5%      50   0.1%    33,828  99.4%                   -------- ---------- -----  ------- -----  --------- -----      Total                                                                         Commercial   $175,259 $    8,336   4.8% $ 1,309   0.7% $ 165,614  94.5%                                                                              Residential Loans                                                              Residential                                                                   Construction   $  9,478 $       --   0.0% $    --   0.0% $   9,478 100.0%   Residential      413,500      4,561   1.1%     328   0.1%   408,611  98.8%                   -------- ---------- -----  ------- -----  --------- -----      Total                                                                         Residential  $422,978 $    4,561   1.1% $   328   0.1% $ 418,089  98.8%                                                                              Consumer Loans                                                                 Mobile Homes    $ 37,030 $      424   1.1% $    --   0.0% $  36,606  98.9%   Consumer Other    41,110        254   0.6%     176   0.4% $  40,680  99.0%                   -------- ---------- -----  ------- -----  --------- -----      Total                                                                         Consumer     $ 78,140 $      678   0.9% $   176   0.2% $  77,286  98.9%                                                                              Total All Loans   $676,377 $   13,575   2.0% $ 1,813   0.3% $ 660,989  97.7%                   ======== ========== =====  ======= =====  ========= =====      Contact: Patrick Little President & CEO Teche Holding Company (337) 560-7151     
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