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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