Teche Posts Record EPS of $3.19 for Fiscal Year to Date

Teche Posts Record EPS of $3.19 for Fiscal Year to Date 
NEW IBERIA, LA -- (Marketwired) -- 07/24/13 --  (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 June 30, 2013, the third quarter of
fiscal year 2013. 
Earnings for the quarter ended June 30, 2013 amounted to $2.0 million
or $0.95 per diluted share, compared to $1.7 million or $0.83 per
diluted share for the same quarter in fiscal 2012, an increase of
$0.12 per diluted share, or 14.5%. 
Earnings for the nine month period ended June 30, 2013 amounted to a
record $6.6 million, or $3.19 per diluted share, compared to $5.2
million or $2.50 per diluted share, for the same period in fiscal
2012, an increase of $0.69 per diluted share, or 27.6%. 
A reclassification of deferred interest payment resulted in a
one-time after-tax earning boost of $0.08 per share for the quarter. 
"Our loan growth has been strong," stated Little. "In nine months,
we've originated $185.7 million in total loans," said Little. "That's
6.5% more than our record-breaking loan production last year. It's a
great testimony to our loan department and our local economy." 
"And asset quality is good," he continued. "Net charge-offs are very
low, as are non-performing assets." 
"Our ROAA fiscal year to date is 1.03% and our ROAE is 10.08%,"
continued Little.  
"Our fiscal year to date earnings of $3.19 per share is another
record," said Little. "And tangible book value per share, now over
$41, continues its steady growth."  
The Company reported the following points of interest: 


 
--  Total loan balances increased 3.8%, annualized 15.23% or $ 24.5
    million to $667.8 million compared to the linked quarter and increased
    1.1% compared to June 30, 2012.
--  Total loan originations amounted to $65.3 million for the quarter.
--  Non-performing loans were at $5.1 million for the quarter and the
    linked quarter, a decrease from $10.6 million at June 30, 2012.
--  Net charge-offs for the quarter decreased to 0.01% of average loans.
--  Checking account balances seasonally decreased $6.7 million, or 2.6%
    compared to the linked quarter while increasing 15.3 % compared to the
    quarter ended June 30, 2012.
--  SmartGrowth Deposits seasonally decreased 1.9% over the linked quarter
    while increasing 9.1% compared to a year ago. SmartGrowth Deposits
    amounted to 79.1% of total deposits, compared to 79.0% at March 31,
    2013 and 76.2% a year ago.
--  The average rate paid on all deposits was 0.41% for the quarter
    compared to 0.45% for the linked quarter and 0.64% a year ago.
--  Cost of interest bearing liabilities amounted to 1.00%, compared to
    1.04% for the linked quarter and 1.23% a year ago.
--  Net interest margin for the quarter amounted to 4.01%, compared to
    3.78% for the linked quarter and 4.06 % a year ago.
--  Net interest income increased $457,000 compared to the linked quarter
    primarily due to a reclassification of deferred interest payments of
    approximately $260,000.
--  The Company repurchased 1.7% of its outstanding common stock during
    the quarter.
--  The Company paid a quarterly dividend of $0.37 per share compared to
    $0.365 per share for the quarter ended June 30, 2012, or an increase
    of 1.4%.
--  Tangible book value per share increased to $41.06, an increase of
    1.1%, or $0.44 per share, compared to the linked quarter-end and an
    increase of 6.6%, or $2.55 per share, year-over-year.

 
                                                                            
Income                                                                      
QUARTERLY COMPARISON (in 000's) Jun '13  Mar '13  Dec '12  Sep '12  Jun '12 
                                -------  -------  -------  -------  ------- 
Net Interest Income after                                                   
 Provision for Loan Losses      $ 7,762  $ 7,055  $ 7,589  $ 7,441  $ 7,222 
Non Interest Income               3,904    3,971    5,812    4,208    3,651 
Non Interest Expense              8,737    8,705    8,752    8,534    8,287 
                                -------  -------  -------  -------  ------- 
Income Before Income Taxes        2,929    2,321    4,649    3,115    2,586 
Income Taxes                        976      762    1,577    1,042      854 
                                -------  -------  -------  -------  ------- 
Net Income                      $ 1,953  $ 1,559  $ 3,072  $ 2,073  $ 1,732 
                                =======  =======  =======  =======  ======= 
Diluted Earnings Per Common                                                 
 Share                          $  0.95  $  0.75  $  1.49  $  1.01  $  0.83 
Return on Avg. Assets              0.92%    0.74%    1.44%    0.98%    0.83%
Return on Avg. Equity              8.89%    7.19%   14.17%    9.81%    8.28%

 
"Even after our loan sale in late 2012, quarterly earnings are already
at the same levels as a year ago," said Little. 
Asset Quality 
"Our asset quality is reflected in our low net charge-offs, our high
coverage ratios and our steady ALLL/Loans ratio," said Little. 
The following table sets forth asset quality ratios and allowance for
loan loss activity for each of the past five quarters: 


 
                                                                            
Net Charge-offs, ALLL, NPAs                                                 
QUARTERLY COMPARISON            Jun '13  Mar '13  Dec '12  Sep '12  Jun '12 
                                -------  -------  -------  -------  ------- 
Net Charge-offs/Average Loans      0.01%    0.05%    0.07%    0.05%    0.08%
ALLL*/NPLs                       158.84%  158.54%   87.76%   82.52%   79.63%
ALLL*/NPAs                       132.76%  138.95%   81.52%   78.54%   74.54%
ALLL*/Loans                        1.20%    1.26%    1.28%    1.27%    1.27%
NPAs/Assets                        0.72%    0.68%    1.20%    1.28%    1.34%
NPLs/Loans                         0.77%    0.81%    1.48%    1.56%    1.62%

 
*ALLL figures include specific reserves. 
The ALLL/NPL ratio increased to 158.84% for the quarter ended June
30, 2013 from 158.54% in the linked quarter. The ALLL/NPA ratio
decreased to 132.76% for the quarter ended June 30, 2013 from 138.95%
in the linked quarter. The NPA/Assets ratio increased to 0.72% for
the quarter ended June 30, 2013 from 0.68% for the quarter ended
March 31, 2013. 
Non-performing assets increased slightly to $6.1 million, or 0.72% of
total assets at June 30, 2013, compared to $5.9 million or 0.68% of
total assets at March 31, 2013 and decreased from $11.3 million, or
1.34% of total assets a year ago. The year over year decrease in
non-performing assets was primarily due to the payoff of a
non-performing loan in the amount of $3.8 million during the quarter
ended March 31, 2013.  
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)      Jun '13 Mar '13 Dec '12 Sep '12 Jun '12
                                     ------- ------- ------- ------- -------
Beginning ALLL                       $ 8,135 $ 8,234 $ 8,559 $ 8,411 $ 8,450
Provision for Loan Losses                  0     250     150     500     510
Net Charge-offs                           97     349     475     352     549
Ending ALLL                          $ 8,038 $ 8,135 $ 8,234 $ 8,559 $ 8,411

 
The allowance for loan losses was 1.20% of total loans, or $8.0
million, at June 30, 2013 compared to 1.26% of total loans, or $8.1
million at March 31, 2013 and 1.27% of total loans, or $8.4 million
at June 30, 2012. 
Net charge-offs for the quarter were $0.1 million, or 0.01% 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 June 30,
2013, net charge-offs were $1.3 million, or 0.19% of average loans,
compared to $1.9 million, or 0.30% of average loans for the twelve
months ended June 30, 2012.  
Capital
 Over the past twelve months,
stockholders' equity increased 6.1% to a record $86.7 million. The
tangible equity ratio at June 30, 2013 increased to 9.92% compared to
9.29% a year ago. Tangible book value per common share increased to a
record $41.06, an increase of 6.6% compared to a year ago. Risk based
capital increased to 14.31% compared to 13.79% a year ago and the
ratio of equity to assets increased to 10.31% from 9.68% a year ago.  
Over the past twelve months total assets decreased 0.5% or $3.9
million to $839.8 million. 
Net Income and Dividends 
On May 23, 2013, the Board of Directors declared a $0.37 per share
quarterly dividend.  


 
                                                                            
QUARTERLY COMPARISON (In 000's)     Jun '13 Mar '13 Dec '12 Sep '12 Jun '12 
                                    ------- ------- ------- ------- ------- 
Dividends Declared Per Share        $  0.37 $  0.00 $  0.73 $ 0.365 $ 0.365 
Basic Earnings Per Common Share     $  0.96 $  0.76 $  1.51 $  1.02 $  0.84 
Diluted Earnings Per Common Share   $  0.95 $  0.75 $  1.49 $  1.01 $  0.83 
Return on Avg. Assets                  0.92%   0.74%   1.44%   0.98%   0.83%
Return on Avg. Equity                  8.89%   7.19%  14.17%   9.81%   8.28%

 
Net Interest Income 


 
                                                                            
QUARTERLY COMPARISON (In 000's)      Jun '13 Mar '13 Dec '12 Sep '12 Jun '12
                                     ------- ------- ------- ------- -------
Interest Income                      $ 9,392 $ 9,002 $ 9,571 $ 9,836 $ 9,725
Interest Expense                       1,630   1,697   1,832   1,895   1,993
                                     ------- ------- ------- ------- -------
Net Interest Income                  $ 7,762 $ 7,305 $ 7,739 $ 7,941 $ 7,732
                                     ======= ======= ======= ======= =======

 
Interest income increased in the quarter ended June 30, 2013 as
compared to the linked quarter, primarily due to reclassification of
deferred interest payments of approximately $260,000 on some
previously classified non-accrual loans that are now either current
or less than 90 days delinquent. 
Net Interest Margin and Spread 


 
                                                                            
QUARTERLY COMPARISON            Jun '13  Mar '13  Dec '12  Sep '12  Jun '12 
                                -------  -------  -------  -------  ------- 
Yield on Earning Assets            4.85%    4.66%    4.92%    5.07%    5.10%
Cost of Interest Bearing                                                    
 Liabilities                       1.00%    1.04%    1.11%    1.14%    1.23%
Spread                             3.86%    3.62%    3.80%    3.93%    3.87%
Net Interest Margin                4.01%    3.78%    3.98%    4.10%    4.06%

 
Net interest margin amounted to 4.01% for the quarter ended June 30,
2013 compared to 4.06% for the quarter ended June 30, 2012. The
decrease was primarily due to lower interest rates on loan
originations during the last twelve months. 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 3.86% for the quarter ended June 30, 2013,
compared to 3.87% for the same period in the previous year. Average
yield on earning assets decreased 25 basis points from 5.10% for the
quarter ended June 30, 2012 to 4.85% for the quarter ended June 30,
2013, while the average cost of funds decreased 23 basis points from
1.23% to 1.00% for the same periods, respectively. 
The table below reflects the Company's operating revenues in millions
over the past five quarters: 
Operating Revenue 


 
                                                                            
                                                                            
QUARTERLY COMPARISON (in millions)   Jun '13 Mar '13 Dec '12 Sep '12 Jun '12
                                     ------- ------- ------- ------- -------
Net Interest Income                  $   7.8 $   7.3 $   7.7 $   7.9 $   7.7
Non-Interest Income                      3.9     4.0     5.8     4.2     3.7
                                     ------- ------- ------- ------- -------
Operating Revenue                    $  11.7 $  11.3 $  13.5 $  12.1 $  11.4
                                     ======= ======= ======= ======= =======

 
Operating revenue for the quarter ended June 30, 2013, consisting of
net interest income (before provisions for loan losses) plus
non-interest income, amounted to $11.7 million, which was $0.3
million more than the same quarter in 2012. 
Non-Interest Income  
Non-interest income decreased slightly to $3.9 million for the
quarter ended June 30, 2013 from $4.0 million for the linked quarter,
but increased slightly from $3.7 million for the quarter ended June
30, 2012. Non-interest income amounted to 1.84% of average assets for
the quarter, compared to 1.87% for the linked quarter and 1.76% a
year ago.  


 
                                                                            
Non-Interest Income & Expense                                               
QUARTERLY COMPARISON (in                                                    
 thousands)                     Jun '13  Mar '13  Dec '12  Sep '12  Jun '12 
                                -------  -------  -------  -------  ------- 
Interchange fee Income          $   954  $   839  $   826  $   847  $   917 
Other Non-Interest Income       $ 2,950  $ 3,131  $ 4,986  $ 3,361  $ 2,734 
Total Non-Interest Income       $ 3,904  $ 3,971  $ 5,812  $ 4,208  $ 3,651 
Total Non-Interest Income/Avg.                                              
 Assets                            1.84%    1.87%    2.73%    1.99%    1.76%
Non-Interest Expense            $ 8,737  $ 8,705  $ 8,752  $ 8,534  $ 8,287 
Non-Interest Expense/Avg.                                                   
 Assets                            4.11%    4.11%    4.11%    4.03%    3.99%

 
Non-Interest Expense
 For the quarter ended June 30, 2013,
non-interest expense was $8.7 million, or 4.11% of average assets,
compared to $8.7 million, or 4.11% of average assets, for the linked
quarter. Non-interest expense increased $0.4 million, or 5.4%, to
$8.7 million for the quarter ended June 30, 2013 from $8.3 million
for the quarter ended June 30, 2012, primarily due to compensation
and marketing expenses. 
Loans 


 
                                                                            
QUARTERLY COMPARISON (In 000,000's)  Jun '13 Mar '13 Dec '12 Sep '12 Jun '12
                                     ------- ------- ------- ------- -------
SmartGrowth Loans                                                           
  Consumer                           $ 122.4 $ 115.8 $ 113.4 $ 110.2 $ 109.3
  Commercial                           216.9   212.4   220.5   215.2   216.9
  Home Equity                           41.7    42.1    42.5    43.2    44.5
  SmartMortgages                       110.6   104.0   100.8   111.1   106.5
                                     ------- ------- ------- ------- -------
Total SmartGrowth Loans              $ 491.6 $ 474.3 $ 477.2 $ 479.7 $ 477.2
  Mortgage Loans (owner occupied                                            
   conforming)                         176.2   169.0   165.4   194.7   183.3
                                     ------- ------- ------- ------- -------
Total Loans                          $ 667.8 $ 643.3 $ 642.6 $ 674.4 $ 660.5

 
Linked Quarter Comparison. Gross loans receivable increased to $667.8
million at June 30, 2013, from $643.3 million at March 31, 2013, an
increase of $24.5 million, or 3.8%. SmartGrowth Loans, consisting of
commercial loans, home equity loans, SmartMortgage loans and consumer
loans, were $491.6 million, or 73.6% of total loans at June 30, 2013,
compared to $474.3 million, or 73.7% of total loans at March 31,
2013, a three month increase of $17.3 million, or 3.6% primarily due
to increases in mobile home originations, commercial loan
originations, and SmartMortgage loan originations, offset somewhat by
a decrease in home equity loans due to payoffs. 
Commercial loan balances at June 30, 2013 amounted to $216.9 million,
compared to $212.4 million at March 31, 2013, a three month increase
of $4.5 million or 2.1%.  
Consumer loan balances at June 30, 2013 amounted to $122.4 million,
compared to $115.8 million at March 31, 2013, a linked quarter
increase of $6.6 million, or 5.7%. 
One Year Comparison. Gross loans receivable increased to $667.8
million at June 30, 2013 from $660.5 million at June 30, 2012, a
twelve month increase of $7.3 million, or 1.1%. SmartGrowth Loans
increased to $491.6 million at June 30, 2013, from $477.2 million at
June 30, 2012, a twelve month increase of $14.4 million, or 3.0%.  
Commercial loan balances at June 30, 2013 amounted to $216.9 million,
compared to $216.9 million at June 30, 2012. Consumer loan balances
at June 30, 2013 amounted to $122.4 million, compared to $109.3
million at June 30, 2012 a twelve month increase of $13.1 million, or
12.0%. "Loan growth, with our emphasis on quality, is a primary focus
for Teche," said Chief Lending Officer, Darryl Broussard. "Our strong
south Louisiana economy presents opportunities for
growth." 
Deposits
 The Bank has 45,792 active checking accounts, with
balances totaling $252.3 million, which amounts to an average balance
of $5,500 per account. 


 
                                                                            
QUARTERLY COMPARISON (In 000,000's)  Jun '13 Mar '13 Dec '12 Sep '12 Jun '12
                                     ------- ------- ------- ------- -------
SmartGrowth Deposits                                                        
  Checking                           $ 252.3 $ 259.0 $ 230.8 $ 220.3 $ 218.7
  Money Market                          49.7    52.1    55.0    55.2    52.5
  Savings                              209.9   210.6   204.2   198.7   198.1
                                     ------- ------- ------- ------- -------
Total SmartGrowth Deposits           $ 511.9 $ 521.7 $ 490.0 $ 474.2 $ 469.3
Time Deposits                          135.5   138.7   140.6   143.5   146.2
                                     ------- ------- ------- ------- -------
Total Deposits                       $ 647.4 $ 660.4 $ 630.6 $ 617.7 $ 615.5

 
Linked Quarter Comparison. Total deposits decreased to $647.4 million
at June 30, 2013, from $660.4 million at March 31, 2013, a linked
quarter decrease of $13.0 million, or 2.0%. The Company's SmartGrowth
Deposit Accounts, consisting of checking accounts, money market
accounts, and savings accounts decreased $9.8 million, or 1.9%, to
$511.9 million at June 30, 2013, from $521.7 million at March 31,
2013. 
Checking account balances decreased $6.7 million, or 2.6%, to $252.3
million at June 30, 2013, from $259.0 million at March 31, 2013. 
One Year Comparison. Total deposits increased to $647.4 million at
June 30, 2013, from $615.5 million at June 30, 2012, a twelve month
increase of $31.9 million, or 5.2%. Total SmartGrowth Deposits
increased $42.6 million, or 9.1% from $469.3 million at June 30, 2012
to $511.9 million at June 30, 2013. 
SmartGrowth Deposits amounted to 79.1% of total deposits as of June
30, 2013 compared to 76.2% at June 30, 2012. 
Checking account balances have increased 15.4%, or $33.6 million, in
the past twelve months from $218.7 million at June 30, 2012 to $252.3
million at June 30, 2013. Checking account balances at June 30, 2013
accounted for 39.0% of total deposits compared to 35.5% of total
deposits at June 30, 2012. 
Teche Holding Company is the parent company of Teche Federal Bank,
which operates twenty offices in South Louisiana and serves over
86,000 customers. Teche is the fourth largest publicly traded bank
holding company based in Louisiana with over $839 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                
                           ------------------------------------------------ 
                             Jun.      Mar.      Dec.      Sep.      Jun.   
Condensed Statements of                                                     
 Income                      2013      2013      2012      2012      2012   
                           --------  --------  --------  --------  -------- 
Interest Income            $  9,392  $  9,002  $  9,571  $  9,836  $  9,725 
Interest Expense              1,630     1,697     1,832     1,895     1,993 
                           --------  --------  --------  --------  -------- 
Net Interest Income           7,762     7,305     7,739     7,941     7,732 
Provision for Loan Losses         -       250       150       500       510 
                           --------  --------  --------  --------  -------- 
Net Interest Income after                                                   
 Provision for Loan Losses    7,762     7,055     7,589     7,441     7,222 
Non Interest Income           3,904     3,971     5,812     4,208     3,651 
Non Interest Expense          8,737     8,705     8,752     8,534     8,287 
                           --------  --------  --------  --------  -------- 
Income Before Income Taxes    2,929     2,321     4,649     3,115     2,586 
Income Taxes                    976       762     1,577     1,042       854 
                           --------  --------  --------  --------  -------- 
Net Income                 $  1,953  $  1,559  $  3,072  $  2,073  $  1,732 
                           ========  ========  ========  ========  ======== 
Selected Financial Data                                                     
                           --------  --------  --------  --------  -------- 
Dividends Declared Per                                                      
 Share                     $   0.37  $   0.00  $   0.73  $  0.365  $  0.365 
Basic Earnings Per Common                                                   
 Share                     $   0.96  $   0.76  $   1.51  $   1.02  $   0.84 
Diluted Earnings Per                                                        
 Common Share              $   0.95  $   0.75  $   1.49  $   1.01  $   0.83 
Annualized Return on Avg.                                                   
 Assets                        0.92%     0.74%     1.44%     0.98%     0.83%
Annualized Return on Avg.                                                   
 Equity                        8.89%     7.19%    14.17%     9.81%     8.28%
Annualized Return on Avg.                                                   
 angible Equity (1)            9.27%     7.52%    14.80%    10.25%     8.67%
Yield on Interest Earning                                                   
 Assets                        4.85%     4.66%     4.92%     5.07%     5.10%
Cost of Interest Bearing                                                    
 Liabilities                   1.00%     1.04%     1.11%     1.14%     1.23%
Spread                         3.86%     3.62%     3.80%     3.93%     3.87%
Net Interest Margin            4.01%     3.78%     3.98%     4.10%     4.06%
Non-Interest Income/Avg.                                                    
 Assets                        1.84%     1.87%     2.73%     1.99%     1.76%
Non-Interest Expense/Avg.                                                   
 Assets                        4.11%     4.11%     4.11%     4.03%     3.99%
Quarterly Net Charge-                                                       
 offs/Avg. Loans               0.01%     0.05%     0.07%     0.05%     0.08%
Weighted avg. shares                                                        
 Outstanding                                                                
  Basic                       2,030     2,038     2,039     2,028     2,055 
  Diluted                     2,064     2,066     2,064     2,061     2,078 
AVERAGE BALANCE SHEET DATA                                                  
                           --------  --------  --------  --------  -------- 
Total Assets               $849,265  $847,615  $851,126  $846,114  $830,958 
Earning assets             $773,856  $772,248  $778,592  $775,399  $762,007 
Loans                      $655,058  $641,192  $667,191  $665,952  $648,640 
Interest-bearing deposits  $547,249  $538,889  $527,476  $521,708  $523,488 
Total deposits             $648,985  $640,504  $623,689  $612,785  $617,209 
Total stockholders' equity $ 87,892  $ 86,682  $ 86,713  $ 84,525  $ 83,643 
                                                                            
(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                    $ 87,892  $ 86,682  $ 86,713  $ 84,525  $ 83,643 
Less average goodwill and                                                   
 other intangible assets,                                                   
 net of related income                                                      
 taxes                        3,655     3,656     3,657     3,659     3,664 
                           --------  --------  --------  --------  -------- 
Average Tangible Equity    $ 84,237  $ 83,026  $ 83,056  $ 80,866  $ 79,979 
                           ========  ========  ========  ========  ======== 
                                                                            
Net Income                 $  1,953  $  1,559  $  3,072  $  2,073  $  1,732 
Plus Amortization of core                                                   
 deposit intangibles, net                                                   
 of related income taxes          1         1         1         1         2 
                           --------  --------  --------  --------  -------- 
Net Income, as adjusted    $  1,954  $  1,560  $  3,073  $  2,074  $  1,734 
                           ========  ========  ========  ========  ======== 
                                                                            
                                                                            
                                                                            
                                                                            
                           TECHE HOLDING COMPANY                            
               (Dollars in thousands, except per share data)                
                              New Iberia, LA                                
                           Statements of Income                             
                                (UNAUDITED)                                 
                                       FISCAL YEAR TO DATE (NINE MONTHS)    
                                                     ENDED                  
                                    --------------------------------------  
                                      Jun.      Jun.                        
                                      2013      2012     $Change   %Change  
                                    --------  --------  --------   -------  
Interest Income                     $ 27,966  $ 29,298  $ (1,332)     (4.5%)
Interest Expense                       5,160     6,185    (1,025)    (16.6%)
                                    --------  --------  --------   -------  
Net Interest Income                   22,806    23,113      (307)     (1.3%)
Provision for Loan Losses                400     1,410    (1,010)    (71.6%)
                                    --------  --------  --------   -------  
Net Interest Income after Provision                                         
 for Loan Losses                      22,406    21,703       703       3.2% 
Non Interest Income                   13,687    11,301     2,386      21.1% 
Non Interest Expense                  26,194    25,179     1,015       4.0% 
                                    --------  --------  --------   -------  
                                                                            
Income Before Income Taxes             9,899     7,825     2,074      26.5% 
Income Taxes                           3,315     2,613       702      26.9% 
                                    --------  --------  --------   -------  
Net Income                          $  6,584  $  5,212  $  1,372      26.3% 
                                    ========  ========  ========   =======  
Selected Financial Data                                                     
                                    --------  --------  --------   -------  
Dividends Declared Per Share        $   1.10  $   1.09  $   0.01       0.9% 
Basic Earnings Per Common Share     $   3.23  $   2.53  $   0.70      27.7% 
Diluted Earnings Per Common Share   $   3.19  $   2.50  $   0.69      27.6% 
Annualized Return on Avg. Assets        1.03%     0.85%     0.18%     21.2% 
Annualized Return on Avg. Equity       10.08%     8.45%     1.63%     19.3% 
Annualized Return on Avg. Tangible                                          
 Equity (1)                            10.53%     8.84%     1.69%     19.1% 
Yield on Interest Earning Assets        4.81%     5.20%    (0.39%)    (7.5%)
Cost of Interest Bearing                                                    
 Liabilities                            1.05%     1.28%    (0.23%)   (18.0%)
Spread                                  3.76%     3.92%    (0.16%)    (4.1%)
Net Interest Margin                     3.92%     4.10%    (0.18%)    (4.4%)
Non-Interest Income/Avg. Assets         2.15%     1.84%     0.31%     16.9% 
Non-Interest Expense/Avg. Assets        4.11%     4.10%     0.01%      0.2% 
Quarterly Net Charge-offs/Avg.                                              
 Loans                                  0.14%     0.21%    (0.07%)   (33.3%)
Weighted avg. shares Outstanding                                            
  Basic                                2,036     2,061       (25)     (1.2%)
  Diluted                              2,065     2,081       (16)     (0.8%)
AVERAGE BALANCE SHEET DATA                                                  
                                    --------  --------  --------   -------  
Total Assets                        $849,363  $817,959  $ 31,404       3.8% 
Earning assets                      $774,922  $751,186  $ 23,736       3.2% 
Loans                               $654,576  $635,304  $ 19,372       3.0% 
Interest-bearing deposits           $537,828  $519,643  $ 18,185       3.5% 
Total deposits                      $637,663  $606,739  $ 30,924       5.1% 
Total stockholders' equity          $ 87,094  $ 82,235  $  4,859       5.9% 
                                                                            
(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        $ 87,094  $ 82,235  $  4,859       5.9% 
Less average goodwill and other                                             
 intangible assets, net of related                                          
 income taxes                          3,657     3,666        (9)     (0.2%)
Average Tangible Equity               83,437    78,569     4,868       6.2% 
                                    ========  ========  ========   =======  
                                                                            
Net Income                             6,584     5,212     1,372      26.3% 
Plus Amortization of core deposit                                           
 intangibles, net of related income                                         
 taxes                                     3         6        (3)    (50.0%)
                                    --------  --------  --------   -------  
Net Income, as adjusted             $  6,587  $  5,218  $  1,369      26.2% 
                                    ========  ========  ========   =======  
                                                                            
                                                                            
                                                                            
                                                                            
                           TECHE HOLDING COMPANY                            
               (Dollars in thousands, except per share data)                
                               New Iberia, LA                               
                               Balance Sheet                                
                                (UNAUDITED)                                 
                                                                            
                                 Jun.     Mar.     Dec.     Sep.     Jun.   
                                 2013     2013      2012     2012     2012  
                               -------- -------- -------- -------- -------- 
SmartGrowth Loans                                                           
  Consumer                     $122,379 $115,803 $113,365 $110,235 $109,287 
  Commercial                    216,887  212,359  220,463  215,212  216,929 
  Home Equity                    41,737   42,107   42,546   43,233   44,513 
  SmartMortgage Loans           110,586  104,040  100,859  111,072  106,532 
                               -------- -------- -------- -------- -------- 
Total SmartGrowth Loans         491,589  474,309  477,233  479,752  477,261 
Mortgage Loans (owner occupied                                              
 conforming)                    176,188  168,989  165,364  194,650  183,274 
                               -------- -------- -------- -------- -------- 
                                667,777  643,298  642,597  674,402  660,535 
Allowance for Loan Losses        (8,038)  (8,135)  (8,234)  (8,559)  (8,411)
                               -------- -------- -------- -------- -------- 
Loans Receivable, Net           659,739  635,163  634,363  665,843  652,124 
                                                                            
Cash and Securities             116,709  162,262  142,406  124,080  129,750 
Goodwill and Other Intangibles    3,654    3,656    3,657    3,659    3,661 
Foreclosed Real Estate              950      639      697      513      625 
Other                            58,769   58,609   58,575   57,867   57,608 
                               -------- -------- -------- -------- -------- 
TOTAL ASSETS                   $839,821 $860,329 $839,698 $851,962 $843,768 
                               ======== ======== ======== ======== ======== 
                                                                            
SmartGrowth Deposits                                                        
  Checking                     $252,278 $259,014 $230,845 $220,268 $218,717 
  Money Market                   49,768   52,077   54,955   55,251   52,478 
  Savings                       209,896  210,636  204,241  198,667  198,042 
                               -------- -------- -------- -------- -------- 
Total Smart Growth Deposits     511,942  521,727  490,041  474,186  469,237 
Time Deposits                   135,490  138,728  140,598  143,536  146,227 
                               -------- -------- -------- -------- -------- 
Total Deposits                  647,432  660,455  630,639  617,722  615,464 
                                                                            
FHLB Advances                    98,757  107,903  117,034  142,751  139,955 
Other Liabilities                 6,971    5,340    7,258    7,948    6,669 
Stockholders' Equity             86,661   86,631   84,767   83,541   81,680 
                               -------- -------- -------- -------- -------- 
TOTAL LIABILITIES AND                                                       
 STOCKHOLDERS' EQUITY          $839,821 $860,329 $839,698 $851,962 $843,768 
                               ======== ======== ======== ======== ======== 
                                                                            
Ratio of Equity to Assets         10.32%   10.07%   10.09%    9.81%    9.68%
Tangible Equity Ratio              9.92%    9.69%    9.70%    9.42%    9.29%
Total Risk-Based Capital Ratio    14.31%   14.38%   14.34%   14.09%   13.79%
Book Value per Common Share    $  42.82 $  42.40 $  41.65 $  41.09 $  40.32 
Tangible Book Value Per Common                                              
 Share (1)                     $  41.06 $  40.62 $  39.86 $  39.29 $  38.51 
Shares Outstanding (in                                                      
 thousands)                       2,024    2,043    2,035    2,033    2,026 
Non-performing Assets/Total                                                 
 Assets                            0.72%    0.68%    1.20%    1.28%    1.34%
ALLL/Loans                         1.20%    1.26%    1.28%    1.27%    1.27%
ALLL/NPLs                        158.84%  158.54%   87.76%   82.52%   79.63%
                                                                            
(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           $ 86,661 $ 86,631 $ 84,767 $ 83,541 $ 81,680 
Less goodwill and other                                                     
 Intangible assets, net of                                                  
 related income taxes            (3,651)  (3,654)  (3,656)  (3,655)  (3,658)
                               -------- -------- -------- -------- -------- 
Tangible Stockholders' Equity  $ 83,010 $ 82,977 $ 81,111 $ 79,886 $ 78,022 
                               ======== ======== ======== ======== ======== 
                                                                            
Total Assets                   $839,821 $860,329 $839,698 $851,962 $843,768 
Less goodwill and other                                                     
 Intangible assets, net of                                                  
 related income taxes            (3,651)  (3,654)  (3,656)  (3,655)  (3,658)
                               -------- -------- -------- -------- -------- 
Total Tangible Assets          $836,170 $856,675 $836,042 $848,307 $840,110 
                               ======== ======== ======== ======== ======== 
                                                                            
                                                                            
                                                                            
                                                                            
                                     Net       Net     90 Days +  90 Days + 
Quarter-End Loan Data       Total  Charge-   Charge-      Non        Non    
June 30, 2013               Loans    Offs     Offs      Accrual    Accrual  
(In 000's)                 Dollars Dollars Percentage   Dollars  Percentage 
                          -------- ------- ----------  --------- ---------- 
Real Estate Loans                                                           
  Construction            $ 14,808 $    --       0.00% $      --        0.0%
  Permanent, Secured by:                                                    
    1-4 Dwelling Units:                                                     
      Revolving, Open-End                                                   
       Loans (HELOC)      $ 22,028      21       0.10%        66        0.3%
      All Other                                                             
        Secured by First                                                    
         Liens             372,817      12       0.00%     3,261        0.9%
        Secured by Junior                                                   
         Liens               6,468      --       0.00%        --        0.0%
    Multifamily (5+                                                         
     Dwelling Units)        20,607      --       0.00%       951        4.6%
    Nonresidential                                                          
     Property (Except                                                       
     Land)                 105,964      30       0.03%       150        0.1%
    Land                    30,930       1       0.00%       359        1.2%
                          -------- ------- ----------  --------- ---------- 
        Consumer            20,437      --       0.00%        70        3.4%
                          -------- ------- ----------  --------- ---------- 
        Commercial          10,493       1       0.01%       289        2.8%
                          -------- ------- ----------  --------- ---------- 
Subtotal - Real Estate                                                      
 Loans                    $573,622 $    64       0.01% $   4,787        0.8%
                          -------- ------- ----------  --------- ---------- 
                                                                            
Non-Real Estate Loans:                                                      
  Commercial Loans        $ 30,109 $    13       0.04% $      91        0.3%
  Consumer Loans:                                                           
    Loans on Deposits        3,431      --       0.00%        24        0.7%
    Auto Loans               2,647       6       0.02%        --        0.0%
    Mobile Home Loans       40,692       1       0.00%       262        0.6%
    Other                   17,236      14       0.08%        94        0.3%
                          -------- ------- ----------  ---------            
Subtotal - Non Real                                                         
 Estate Loans             $ 94,115      34       0.04% $     471        0.5%
                          -------- ------- ----------  --------- ---------- 
                                                                            
Gross Loans               $667,777 $    98       0.01% $   5,258        0.8%
                          ======== =======             =========            
                                                                            
Non-accruals              $  4,926                                          
90 + Days Past Due             332                                          
OREO & Foreclosed              994                                          
                          --------                                          
  Nonperforming Assets                                                      
   (Net)                  $  6,252                                          
                          ========                                          
  Performing TDRs               --                                          
                                                                            
                                                                            
                                                                            
                                                                            
                                   Net        Net      90 Days +  90 Days + 
Quarter-End Loan Data     Total  Charge-    Charge-       Non        Non    
March 31, 2013            Loans    Offs      Offs       Accrual    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     132        0.15%  $     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            994                                            
                        --------                                            
  Nonperforming Assets                                                      
   (Net)                $  6,323                                            
                        ========                                            
  Performing TDRs             --                                            
                                                                            
                                                                            
                                                                            
                                                                            
                                     Net       Net     90 Days +  90 Days + 
Quarter-End Loan Data       Total  Charge-   Charge-      Non        Non    
December 31, 2012           Loans    Offs     Offs      Accrual    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               --                                          
                                                                            
                                                                            
                                                                            
                                                                            
                                   Net        Net      90 Days +  90 Days + 
Quarter-End Loan Data     Total  Charge-    Charge-       Non        Non    
September 30, 2012        Loans    Offs      Offs       Accrual    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                  32,652      (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                                                                 
Average Loan                                                                
Balances &                                                                  
 Yields (In  06/30/2013 06/30/2013  03/31/2013 03/31/2013   Change   Change 
 000's)        Balance     Yield      Balance     Yield    Balance   Yield  
             ---------- ----------  ---------- ----------  -------  ------- 
Real Estate                                                                 
 Loans                                                                      
  1-4 Family $  405,580       4.89% $  393,736       4.77% $11,844     0.12%
  Commercial    136,246       5.02%    135,064       4.95%   1,182     0.07%
             ----------             ----------             -------          
                541,826       4.92%    528,800       4.81%  13,026     0.11%
                                                                            
Non-Real                                                                    
 Estate                                                                     
 Loans                                                                      
  Commercial $   30,088       5.15% $   31,782       5.05% $(1,694)    0.10%
  Consumer       83,144       9.26%     80,610       8.95%   2,534     0.31%
             ----------             ----------             -------          
                113,232       8.17%    112,392       7.85%     840     0.32%
                                                                            
Total All                                                                   
 Loans       $  655,058       5.48% $  641,192       5.34% $13,866     0.14%
             ==========             ==========             =======          
                                                                            
                                                                            
Prior Year                                                                  
 Comparison                                                                 
Average Loan                                                                
 Balances &                                                                 
 Yields(In   06/30/2013 06/30/2013  06/30/2012 06/30/2012   Change   Change 
 000's)        Balance     Yield      Balance     Yield    Balance   Yield  
             ---------- ----------  ---------- ----------  -------  ------- 
Real Estate                                                                 
 Loans                                                                      
  1-4 Family $  405,580       4.89% $  407,115       5.03% $(1,535)   -0.14%
  Commercial    136,246       5.02%    136,402       5.57%    (156)   -0.55%
             ----------             ----------             -------          
                541,826       4.92%    543,517       5.18%  (1,691)   -0.26%
                                                                            
Non-Real                                                                    
 Estate                                                                     
 Loans                                                                      
  Commercial $   30,088       5.15% $   28,206       5.46% $ 1,882    -0.31%
  Consumer       83,144       9.26%     76,917       9.10%   6,227     0.16%
             ----------             ----------             -------          
                113,232       8.17%    105,123       8.13%   8,109     0.04%
                                                                            
Total All                                                                   
 Loans       $  655,058       5.48% $  648,640       5.63% $ 6,418    -0.15%
             ==========             ==========             =======          
                                                                            
                                                                            
                                                                            
                                                                            
Loans:                                                                      
 Linked                                                                     
 Quarter                                                                    
 Comparison                                                                 
Average Loan                                                                
Balances &                                                                  
 Yields (In  03/31/2013 03/31/2013  12/31/2012 12/31/2012   Change   Change 
 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%
             ==========             ==========             ========         
                                                                            
                                                                            
Average Loan                                                                
 Balances &                                                                 
 Yields      03/31/2013 03/31/2013  03/31/2012 03/31/2012   Change   Change 
(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                                                                 
Average Loan                                                                
Balances &                                                                  
 Yields (In  12/31/2012 12/31/2012  09/30/2012  09/30/12    Change   Change 
 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%
             ==========             ==========             ========         
                                                                            
                                                                            
Prior Year                                                                  
 ComparisonA                                                                
 verage Loan                                                                
 Balances &                                                                 
 Yields(In   12/31/2012 12/31/2012  12/31/2011 12/31/2011   Change   Change 
 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                                                                 
Average Loan                                                                
Balances &                                                                  
 Yields (In   09/30/2012 09/30/2012  06/30/2012 06/30/2012   Change  Change 
 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                                                                 
Average                                                                     
 LoanBalances                                                               
 & Yields (In 09/30/2012 09/30/2012  09/30/2011 09/30/2011   Change  Change 
 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                     
                        06/30/           03/31/                             
Average        06/30/    2013   03/31/    2013             Change           
 balances       2013     Avg.    2013     Avg.    Change    Avg.   %Balance 
(In 000's)     $Balance  Yield  $Balance  Yield  $Balance   Yield   Change  
               -------- ------  -------- ------  --------  ------  -------- 
  NOW Accounts $147,593   0.17% $138,875   0.18% $  8,718   -0.01%      6.3%
  Non-interest                                                              
   bearing                                                                  
   Deposits     101,736   0.00%  101,615   0.00%      121    0.00%      0.1%
               -------- ------  -------- ------  --------  ------  -------- 
    Checking                                                                
     Total     $249,329   0.10% $240,490   0.10% $  8,839    0.00%      3.7%
                                                                            
  Savings                                                                   
   Accounts    $211,168   0.13% $207,972   0.23% $  3,196   -0.10%      1.5%
  Money Market                                                              
   Accounts      51,260   0.09%   52,370   0.11%   (1,110)  -0.02%     -2.1%
               -------- ------  -------- ------  --------  ------  -------- 
                                                                            
  Total Smart                                                               
   Growth                                                                   
   Deposits    $511,757   0.11% $500,832   0.16% $ 10,925   -0.05%      2.2%
                                                                            
  Time                                                                      
   Deposits    $137,228   1.54% $139,672   1.50% $ (2,444)   0.04%     -1.7%
                                                                            
  Total                                                                     
   Deposits    $648,985   0.41% $640,504   0.45% $  8,481   -0.04%      1.3%
                                                                            
  FHLB                                                                      
   Advances    $106,484   3.60% $114,063   3.43% $ (7,579)   0.17%     -6.6%
               -------- ------  -------- ------  --------  ------  -------- 
                                                                            
Total                                                                       
 Interest-                                                                  
 bearing                                                                    
 liabilities   $653,733   1.00% $652,952   1.04% $    781   -0.04%      0.1%
               ========         ========         ========                   
                                                                            
Non-interest                                                                
 bearing                                                                    
 Deposits      $101,736   0.00% $101,615   0.00% $    121    0.00%      0.1%
                                                                            
                                                                            
Interest-bearing Liabilities: Prior Year Comparison                         
Average                 06/30/           06/30/                             
 balances (In  06/30/    2013   06/30/    2012             Change           
 000's)          2013     Avg.    2012     Avg.    Change    Avg.   %Balance 
               $Balance  Yield  $Balance  Yield  $Balance   Yield   Change  
               -------- ------  -------- ------  --------  ------  -------- 
  NOW Accounts $147,593   0.17% $123,851   0.20% $ 23,742   -0.03%     19.2%
  Non-interest                                                              
   bearing                                                                  
   Deposits     101,736   0.00%   93,721   0.00%    8,015    0.00%      8.6%
               -------- ------  -------- ------  --------  ------  -------- 
    Checking                                                                
     Total     $249,329   0.10% $217,572   0.12% $ 31,757   -0.02%     14.6%
                                                                            
  Savings                                                                   
   Accounts    $211,168   0.13% $196,611   0.33% $ 14,557   -0.20%      7.4%
  Money Market                                                              
   Accounts      51,260   0.09%   52,489   0.25% $ (1,229)  -0.16%     -2.3%
               -------- ------  -------- ------  --------  ------  -------- 
                                                                            
  Total Smart                                                               
   Growth                                                                   
   Deposits    $511,757   0.11% $466,672   0.22% $ 45,085   -0.11%      9.7%
                                                                            
  Time                                                                      
   Deposits    $137,228   1.54% $150,537   1.92% $(13,309)  -0.38%     -8.8%
                                                                            
Total Deposits $648,985   0.41% $617,209   0.64% $ 31,776   -0.23%      5.1%
                                                                            
  FHLB                                                                      
   Advances    $106,484   3.60% $123,681   3.27% $(17,197)  -0.33%    -13.9%
               -------- ------  -------- ------  --------  ------  -------- 
                                                                            
Total                                                                       
 Interest-                                                                  
 bearing                                                                    
 liabilities   $653,733   1.00% $647,169   1.23% $  6,564   -0.23%      1.0%
               ========         ========         ========                   
                                                                            
Non-interest                                                                
 bearing                                                                    
 Deposits      $101,736   0.00% $ 93,721   0.00% $  8,015    0.00%      8.6%
                                                                            
                                                                            
                                                                            
                                                                            
          Interest-bearing Liabilities: Linked Quarter Comparison           
                        03/31/           12/31/                             
Average        03/31/    2013   12/31/    2012             Change           
 balances       2013     Avg.    2012     Avg.    Change    Avg.   %Balance 
(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/                             
 balances(In   03/31/    2013   03/31/    2012             Change           
 000's)         2013     Avg.     2012     Avg.    Change    Avg.   %Balance 
               $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           
                        12/31/           9/30/                              
Average        12/31/    2012   9/30/     2012             Change           
 balances       2012     Avg.     2012     Avg.    Change    Avg.   %Balance 
(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/                             
 balances (In  12/31/    2012   12/31/    2011             Change           
 000's)         2012     Avg.    2011     Avg.    Change    Avg.   %Balance 
               $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                     
                        09/30/           06/30/                             
Average        09/30/    2012   06/30/    2012             Change           
 balances       2012     Avg.    2012     Avg.    Change    Avg.   %Balance 
(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/                             
 balances(In   09/30/    2012   09/30/    2011             Change           
 000's)         2012     Avg.    2011     Avg.    Change    Avg.   %Balance 
               $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                                                            
                                                                            
June 30, 2013       Total               %    Special   %                %   
(In Thousands)      Loans  Classified Total  Mention Total    Pass    Total 
                  -------- ---------- -----  ------- -----  -------- ------ 
Commercial Loans                                                            
  Commercial Land $ 10,493 $      289   2.8% $    --   0.0% $ 10,204   97.2%
  Commercial                                                                
   Construction      8,931         --   0.0%     362   4.1%    8,569   95.9%
  Commercial Real                                                           
   Estate          126,571      5,291   4.2%   1,809   1.4%  119,471   94.4%
  Commercial Non                                                            
   Real Estate      30,109      1,319   4.4%     117   0.4%   28,673   95.2%
    Total                                                                   
     Commercial   $176,104 $    6,899   3.9% $ 2,288   1.3% $166,917   94.8%
                                                                            
Residential Loans                                                           
  Residential                                                               
   Construction   $  5,877 $       --   0.0% $    --   0.0% $  5,877  100.0%
  Residential      403,309      4,432   1.1%     319   0.1%  398,558   98.8%
    Total                                                                   
     Residential  $409,186 $    4,432   1.1% $   319   0.1% $404,435   98.8%
                                                                            
Consumer Loans                                                              
  Mobile Homes    $ 40,692 $      262   0.6% $    --   0.0% $ 40,430   99.4%
  Consumer Other    43,751        347   0.8%      --   0.0%   43,404   99.2%
    Total                                                                   
     Consumer     $ 84,443 $      609   0.7% $    --   0.0% $ 83,834   99.3%
                                                                            
Total All Loans   $669,733 $   11,940   1.8% $ 2,607   0.4% $655,186   97.8%
                                                                            
                                                                            
                                                                            
                                                                            
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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