SOURCE: Teche Holding Company

Teche Holding Company

July 27, 2011 17:42 ET

Teche Holding Company Earns $0.85 per Share for Third Quarter and $2.45 for Fiscal 2011 Year to Date

NEW IBERIA, LA--(Marketwire - Jul 27, 2011) - (NYSE Amex: 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, 2011, the third quarter of fiscal 2011.

Earnings for the quarter ended June 30, 2011 amounted to $1.8 million, or $0.85 per diluted share, compared to $1.82 million, or $0.87 per diluted share for the same quarter in fiscal 2010, a decrease of $0.02 per diluted share, or 2.3%.

Earnings for the nine month period ended June 30, 2011 amounted to $5.13 million, or $2.45 per diluted share, compared to $5.25 million or $2.49 per diluted share, for the same period in fiscal 2010, a decrease of $0.04 per diluted share, or 1.6%. For the same period in FY 2009, diluted EPS amounted to $2.42.

"We posted record earnings for the past two years in very difficult times and our earnings for the past nine months are near those levels," said Little.

The Company reported the following highlights:

--  Checking Account balances increased 8.2% compared to the linked
    quarter and 23.4% compared to June 30, 2010.  Checking account
    balances now amount to 33.4% of total deposits, compared to 29.3% a
    year ago.
--  SmartGrowth Deposits increased 3.9% compared to the linked quarter and
    16.1% compared to a year ago. SmartGrowth Deposits amounted to 72.9%
    of total deposits, compared to 71.8% at March 31, 2011 and 67.9% a
    year ago.
--  Total Deposits increased 2.4% compared to the linked quarter and 8.2%
    compared to a year ago.
--  The average yield on all deposits was 0.82% compared to 0.94% for the
    linked quarter and 1.25% a year ago.
--  Cost of interest bearing liabilities amounted to 1.43%, compared to
    1.57% for the linked quarter and 1.92% a year ago.
--  Net interest margin for the quarter amounted to 4.24%, compared to
    4.25% for the linked quarter and 4.18% a year ago.
--  Total Assets increased to $789.0 million, an increase of $6.9 million
    for the linked quarter, or 0.88%.
--  All capital measures continue to remain strong.
--  Tangible book value per share increased to a record $36.11.
--  The Bank experienced higher than normal net charge-offs of 0.57% of
    loans primarily due to two large commercial credit relationships which
    were previously reserved.  Net charge offs for the last twelve months
    totaled 0.80% of average loans.
--  The Company paid a quarterly dividend of $0.36 per share compared to
    $0.355 per share for the quarter ended June 30, 2010, an increase of
    1.4%.
--  The Bank completed its conversion from a federally chartered savings
    bank to a Louisiana chartered commercial bank, regulated by the
    Commissioner of the Office of Financial Institutions of the State of
    Louisiana and the Federal Deposit Insurance Corporation (FDIC).

Capital

Dollars in Thousands  Jun '11    Mar '11    Dec '10    Sep '10    Jun '10
                     ---------  ---------  ---------  ---------  ---------
Stockholders' Equity $  78,581  $  77,578  $  76,497  $  75,513  $  74,549
Ratio of Equity to
 Assets                   9.96%      9.92%     10.15%      9.92%      9.74%
Tangible Equity
 Ratio                    9.54%      9.49%      9.71%      9.48%      9.30%
Total Risk-Based
 Capital Ratio           14.49%     13.94%     13.79%     13.52%     13.30%
Book Value per
 Common Share        $   37.87  $   37.23  $   36.81  $   36.19  $   35.45
Tangible Book Value
 Per Common Share    $   36.11  $   35.47  $   35.04  $   34.43  $   33.70
Total Assets         $ 789,004  $ 782,152  $ 753,701  $ 761,524  $ 765,484

Asset Quality

The following table sets forth asset quality ratios for each of the past five quarters:

                      Jun '11    Mar '11    Dec '10     Sep '10   Jun '10
                     ---------  ---------  ---------  ---------  ---------
Net Charge-offs/
 Average Loans            0.57%      0.09%      0.08%      0.08%      0.05%
ALLL/NPLs                69.94%     68.32%     66.36%     63.92%     59.29%
ALLL/NPAs                56.27%     59.94%     56.36%     51.96%     53.29%
ALLL/Loans                1.39%      1.78%      1.68%      1.55%      1.48%
NPAs/Assets               1.83%      2.22%      2.34%      2.34%      2.16%

The following table sets forth the allowance for loan loss activity for each of the past 5 quarters.

(in 000's)            Jun '11    Mar '11    Dec '10    Sep '10    Jun '10
                     ---------- ---------- ---------- ---------- ----------
Beginning ALLL       $   10,452 $    9,953 $    9,256 $    8,830 $    8,253
Provision for Loan
 Losses                   1,000      1,000      1,150        900        900
Net Charge-offs           3,329        501        453        474        323
Ending ALLL          $    8,123 $   10,452 $    9,953 $    9,256 $    8,830
Ending ALLL (net of
 specific reserves)  $    8,075 $    7,455 $    7,046 $    7,125 $    6,513

Net charge-offs for the quarter were $3.3 million, or 0.57% of average loans, compared to $323,000 or 0.05% of average loans for the same period a year ago. For the twelve months ended June 30, 2011, net charge offs were $4.8 million or 0.80% of average loans, compared to $2.3 million or 0.38% of loans for the twelve months ended June 30, 2010. The increase in net charge-offs for the quarter was primarily due to two commercial real estate land and construction credit relationships, which accounted for $2.2 million in charge offs this quarter. These charged off amounts were previously included in the Allowance for Loan Losses as specific reserves.

The allowance for loan losses was $8.1 million or 1.39% of total loans at June 30, 2011. This represented a decrease of $0.7 million from $8.8 million or 1.48% of total loans at June 30, 2010, and a decrease of $2.3 million from $10.5 million or 1.78% of total loans at March 31, 2011, primarily due to net charge-offs during the quarter.

Non-performing assets decreased to $14.4 million, or 1.83% of total assets, at June 30, 2011, compared to $17.3 million, or 2.22% of total assets at March 31, 2011 and $16.4 million, or 2.16% of total assets a year ago, primarily due to charge-offs of previously reserved credits during the quarter. Non-performing assets consist of non-accrual loans, loans 90 days or more past due and other real estate owned.

Net Interest Income

(In 000's)            Jun '11    Mar '11    Dec '10    Sep '10    Jun '10
                     ---------- ---------- ---------- ---------- ----------
Interest Income      $    9,758 $    9,736 $   10,003 $   10,163 $   10,299
Interest Expense          2,185      2,363      2,542      2,728      2,969
                     ---------- ---------- ---------- ---------- ----------
Net Interest Income  $    7,573 $    7,373 $    7,461 $    7,435 $    7,330
                     ========== ========== ========== ========== ==========

Net interest income for the three months ended June 30, 2011 amounted to $7.57 million compared to $7.33 million for the quarter ended June 30, 2010, an increase of 3.3%, or $243,000 primarily due to a decrease in interest expense.

Net Interest Margin and Spread

                      Jun '11    Mar '11    Dec '10    Sep '10    Jun '10
                     ---------  ---------  ---------  ---------  ---------
Yield on Earning
 Assets                   5.46%      5.61%      5.75%      5.84%      5.87%
Cost of Interest
 Bearing Liabilities      1.43%      1.57%      1.69%      1.79%      1.93%
Spread                    4.03%      4.04%      4.06%      4.05%      3.94%
Net Interest Margin       4.24%      4.25%      4.29%      4.27%      4.18%

Net interest margin amounted to 4.24% for the three-month period ended June 30, 2011; compared to 4.25% for the linked quarter and 4.18% for the three-months ended June 30, 2010.

Spread amounted to 4.03% for the three month period ended June 30, 2011, compared to 3.94% for the same period in the previous year. Compared to the same quarter last year, the average yield on earnings assets decreased 41 basis points from 5.87% to 5.46%, while the average cost of funds decreased 50 basis points from 1.93% to 1.43%.

Yield on Loan
 Compared to  Cost
 of Deposits          Jun '11    Mar '11    Dec '10    Sep '10    Jun '10
                     ---------  ---------  ---------  ---------  ---------
Average Yield on
 Loans                    6.20%      6.17%      6.29%      6.36%      6.39%
Average Cost of
 Interest Bearing
 Deposits                 0.96%      1.08%      1.15%      1.25%      1.41%

The average yield on loans decreased from 6.39% for the quarter ended June 30, 2010 to 6.20% for the quarter ended June 30, 2011. The cost of interest bearing deposits decreased from 1.41% for the quarter ended June 30, 2010 to 0.96% for the quarter ended June 30, 2011.

"SmartGrowth deposits continue to increase, led by growth in checking deposits," said Little. "As a result, our cost of funds continues to go down and our net interest margin remains stable."

The average yield on SmartGrowth deposits is 0.24%, compared to 0.32% for the linked quarter and 0.58% a year ago.

Operating Revenue

Operating Revenue for the quarter, consisting of net interest income (before provisions for loan losses) plus non-interest income, amounted to $11.5 million, which was comparable to the four preceding quarters.

The table below reflects Teche's operating revenues in millions over the past five quarters:

Operating Revenue     Jun '11    Mar '11    Dec '10    Sep '10    Jun '10
                     ---------- ---------- ---------- ---------- ----------
Net Interest Income  $      7.6 $      7.4 $      7.5 $      7.4 $      7.3
Non-interest Income         3.9        3.8        4.0        4.0        4.2
                     ---------- ---------- ---------- ---------- ----------
Operating Revenue    $     11.5 $     11.2 $     11.5 $     11.4 $     11.5
                     ========== ========== ========== ========== ==========

Non-Interest Income

Non-interest income increased slightly to $3.9 million for the quarter compared to $3.8 million in the linked quarter and $4.2 million a year ago. This amounted to 2.02% of average assets for the quarter, compared to 2.02% for the linked quarter and 2.17% a year ago. Deposit fees comprised 92.4% of non-interest income for the quarter, compared to 90.5% for the linked quarter and 92.0% a year ago. Interchange fees amounted to $881,000 for the quarter, compared to $820,000 for the linked quarter and $849,000 a year ago.

On June 29, 2011, the Federal Reserve approved new regulations affecting interchange fees of Banks over $10 billion in assets, effective October 1, 2011. "Even though these regulations are not effective until our next fiscal year, and even though Teche is exempt from the regulation, management continues to closely monitor these changes," said Little.

Non-interest income amounted to 34.2% of operating income for the quarter ended June 30, 2011, compared to 36.2% for the three months ended June 30, 2010 and to 34.2% for the linked quarter.

Non-Interest Income
 (thousands)          Jun '11    Mar '11    Dec '10    Sep '10    Jun '10
                     ---------  ---------  ---------  ---------  ---------
  Interchange fee
   Income                  881        820        786        782        849
  Other Non-Interest
   Income                3,057      3,012      3,186      3,182      3,304
Total Non-Interest
 Income                  3,938      3,832      3,972      3,964      4,153
Total Non-Interest
 Income/Assets            2.02%      2.02%      2.09%      2.08%      2.16%
Non-Interest Expense     7,777      7,918      7,583      7,732      7,877
Non-Interest
 Expense/Assets           3.99%      4.17%      3.99%      4.06%      4.11%

Non-Interest Expense

For the quarter, non-interest expense was $7.8 million or 3.99% of average assets, compared to the linked quarter of $7.9 million or 4.17% of average assets, a decrease of 0.18%. Compared to the same quarter in fiscal 2010, non-interest expense decreased $100,000 or 1.3%.

Net Income and Dividends

Since 2003, the Company has increased dividends for eight consecutive years and on June 30, 2011 paid a $0.36 per share quarterly dividend, its sixty-fourth consecutive. Based on the closing price of the Company's common stock on June 30, 2011 of $34.80, the annualized dividend yield was 4.10%.

(In 000's)            Jun '11    Mar '11    Dec '10    Sep '10     Jun'10
                     ---------  ---------  ---------  ---------  ---------
Net Income           $   1,790  $   1,513  $   1,824  $   1,847  $   1,821
Dividends Declared
 Per Share           $    0.36  $    0.36  $   0.355  $   0.355  $   0.355
Basic Earnings Per
 Common Share        $    0.86  $    0.73  $    0.88  $    0.89  $    0.87
Diluted Earnings Per
 Common Share        $    0.85  $    0.72  $    0.87  $    0.88  $    0.87
Annualized Return on
 Avg. Assets              0.92%      0.80%      0.96%      0.97%      0.95%
Annualized Return on
 Avg. Equity              8.96%      7.74%      9.36%      9.61%      9.60%
Annualized Return on
 Avg. Tangible
  Equity                  9.40%      8.13%      9.84%     10.12%     10.12%

Loans

(In 000's)            Jun '11    Mar '11    Dec '10    Sep '10    Jun '10
                     ---------- ---------- ---------- ---------- ----------
SmartGrowth Loans
  Consumer           $  109,476 $  109,092 $  111,139 $  111,571 $  110,855
  Commercial            201,324    207,509    208,797    212,933    212,762
  Home Equity            51,293     51,045     52,182     53,405     55,860
  SmartMortgages         88,019     88,799     89,389     86,959     86,624
                     ---------- ---------- ---------- ---------- ----------
Total SmartGrowth
 Loans                  450,112    456,445    461,507    464,868    466,101
Mortgage Loans
 (owner occupied
 conforming)            133,264    131,708    132,224    131,023    131,590
                     ---------- ---------- ---------- ---------- ----------
Total Loans          $  583,376 $  588,153 $  593,731 $  595,891 $  597,691

Gross loans receivable decreased to $583.4 million at June 30, 2011, from $588.2 million at March 31, 2011 and $597.7 million at June 30, 2010, representing a linked quarter decrease of $4.8 million, or 0.8% and a twelve month decrease of $14.3 million or 2.4%. SmartGrowth Loans, consisting of commercial loans, home equity loans, SmartMortgage loans and consumer loans, were $450.1 million, or 77.2% of total loans at June 30, 2011, compared to $456.4 million, or 77.6% at March 31, 2011 and $466.1 million at June 30, 2010, for a three month decrease of $6.3 million, or 1.4% and a twelve month decrease of $16.0 million, or 3.4%.

"SmartGrowth loans decreased primarily due to a combination of normal repayments, reduced originations and charge-offs this quarter in the commercial portfolio," said Little. "Compared to last year at this time, loan balances are 2.4% lower."

Commercial loan balances at June 30, 2011 amounted to $201.3 million, compared to $207.5 million at March 31, 2011 and $212.7 million at June 30, 2010, for a three month decrease of $6.2 million or 3.0% and a twelve month decrease of $11.4 million, or 5.4%. Consumer loan balances at June 30, 2011 amounted to $109.5 million, compared to $109.1 million at March 31, 2011 and $110.8 million at June 30, 2010, a linked quarter increase of $0.4 million, or 0.4%.

Deposits

(In 000's)            Jun '11    Mar '11    Dec '10    Sep '10    Jun '10
                     ---------- ---------- ---------- ---------- ----------
SmartGrowth Deposits
  Checking           $  209,080 $  193,244 $  186,240 $  173,206 $  169,396
  Money Market           55,280     56,618     55,557     60,246     62,643
  Savings               191,586    188,819    169,326    166,734    160,567
                     ---------- ---------- ---------- ---------- ----------
Total SmartGrowth
 Deposits            $  455,946 $  438,681 $  411,123 $  400,186 $  392,606
Time Deposits           169,377    172,211    172,316    179,169    185,496
                     ---------- ---------- ---------- ---------- ----------
Total Deposits       $  625,323 $  610,892 $  583,439 $  579,355 $  578,102

"We are very pleased that we are growing SmartGrowth Deposits, and increasing overall deposits and reducing our cost of funds," said Little.

Three Month Growth. Total deposits increased to $625.3 million at June 30, 2011, from $610.9 million at March 31, 2011, a linked quarter increase of $14.4 million or 2.4%. The Company's SmartGrowth Deposit Accounts, consisting of checking accounts, money market accounts, and savings accounts, had solid growth. Total SmartGrowth Deposits increased $17.3 million to $455.9 million or 3.9% at June 30, 2011, from $438.7 million at March 31, 2011.

Checking account balances at June 30, 2011 increased $15.8 million, or 8.2%, to $209.1 million from $193.2 million at March 31, 2011.

Twelve Month Growth. Total deposits increased to $625.3 million at June 30, 2011, from $578.1 million at June 30, 2010, a twelve month increase of $47.1 million, or 8.2%. Total SmartGrowth Deposits increased $63.3 million, or 16.1% from $392.6 million at June 30, 2010.

SmartGrowth Deposits amounted to 72.9% of total deposits as of June 30, 2011 compared to 67.9% at June 30, 2010.

Checking account balances at June 30, 2011 increased 23.4% or $39.7 million in the past 12 months. Checking account balances now account for 33.4% of total deposits compared to 29.3% at June 30, 2010.

Teche Holding Company is the parent company of Teche Federal Bank, which operates nineteen offices in South Louisiana and serves over 60,000 customers. Teche Federal Bank is the fourth largest publicly owned bank based in Louisiana with over $789 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 AMEX.

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
                          Selected Financial Data
                                (UNAUDITED)

                                       THREE MONTHS ENDED
                     -----------------------------------------------------
Condensed Statements   Jun.       Mar.       Dec.       Sep.       Jun.
of Income              2011       2011       2010       2010       2010
                     ---------  ---------  ---------  ---------  ---------
Interest Income      $   9,758  $   9,736  $  10,003  $  10,163  $  10,299
Interest Expense         2,185      2,363      2,542      2,728      2,969
                     ---------  ---------  ---------  ---------  ---------
Net Interest Income      7,573      7,373      7,461      7,435      7,330
Provision for Loan
 Losses                  1,000      1,000      1,150        900        900
                     ---------  ---------  ---------  ---------  ---------
Net Interest Income
 after
  Provision for Loan
   Losses                6,573      6,373      6,311      6,535      6,430
Non Interest Income      3,938      3,832      3,972      3,964      4,153
Non Interest Expense     7,777      7,918      7,583      7,732      7,877
                     ---------  ---------  ---------  ---------  ---------
Income Before Gain
 on Securities
 and Sale of
 Loans                   2,734      2,287      2,700      2,767      2,706
Gain(Loss) on
 Securities                (52)         8         --        (95)        --
Gain(Loss) on Sale
 of Loans                    4         10          9          6          7
Income Taxes               896        792        885        831        892
                     ---------  ---------  ---------  ---------  ---------
Net Income           $   1,790  $  1,513   $   1,824  $   1,847  $   1,821
                     =========  =========  =========  =========  =========

Selected Financial
 Data
                     ---------  ---------  ---------  ---------  ---------
Dividends Declared
 Per Share           $    0.36  $    0.36  $   0.355  $   0.355  $   0.355
Basic Earnings Per
 Common Share        $    0.86  $    0.73  $    0.88  $    0.89  $    0.87
Diluted Earnings Per
 Common Share        $    0.85  $    0.72  $    0.87  $    0.88  $    0.87
Annualized Return on
 Avg. Assets              0.92%      0.80%      0.96%      0.97%      0.95%
Annualized Return on
 Avg. Equity              8.96%      7.74%      9.36%      9.61%      9.60%
Annualized Return on
 Avg.
 Tangible Equity (1)      9.40%      8.13%      9.84%     10.12%     10.12%
Yield on Interest
 Earning Assets           5.46%      5.61%      5.75%      5.84%      5.87%
Cost of Interest
 Bearing Liabilities      1.43%      1.57%      1.69%      1.79%      1.93%
Spread                    4.03%      4.04%      4.06%      4.05%      3.94%
Net Interest Margin       4.24%      4.25%      4.29%      4.27%      4.18%
Non-Interest
 Income/Avg. Assets       2.02%      2.02%      2.09%      2.08%      2.16%
Non-Interest
 Expense/Avg. Assets      3.99%      4.17%      3.99%      4.06%      4.11%
Quarterly Net
 Charge-offs/Avg.
 Loans                    0.57%      0.09%      0.08%      0.08%      0.05%
Weighted avg. shares
 Outstanding
   Basic                 2,073      2,072      2,068      2,074      2,083
   Diluted               2,097      2,098      2,089      2,092      2,103

AVERAGE BALANCE
 SHEET DATA
                     ---------  ---------  ---------  ---------  ---------
Total Assets         $ 780,213  $ 759,993  $ 759,858  $ 761,191  $ 767,379
Earning assets       $ 714,528  $ 693,747  $ 696,304  $ 696,494  $ 701,756
Loans                $ 586,420  $ 589,879  $ 595,547  $ 597,024  $ 599,883
Interest-bearing
 deposits            $ 529,664  $ 514,771  $ 506,887  $ 509,572  $ 515,165
Total deposits       $ 613,778  $ 590,664  $ 579,902  $ 576,373  $ 583,576
Total stockholders'
 equity              $  79,942  $  78,197  $  77,923  $  76,855  $  75,859

(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              $  79,942  $  78,197  $  77,923  $  76,855  $  75,859
Less average
 goodwill and other
 intangible assets,
 net of related
  income taxes           3,671      3,667      3,670      3,673      3,689
Average Tangible
 Equity              $  76,271  $  74,530  $  74,253  $  73,182  $  72,170
                     =========  =========  =========  =========  =========

Net Income               1,790      1,513      1,824      1,847      1,821
Plus Amortization of
 core deposit
 intangibles, net of
 related income
 taxes                       3          2          3          5          5
                     ---------  ---------  ---------  ---------  ---------
Net Income, as
 adjusted            $   1,793  $   1,515  $   1,827  $   1,852  $   1,826
                     =========  =========  =========  =========  =========



                          TECHE HOLDING COMPANY
              (Dollars in thousands, except per share data)
                              New Iberia, LA
                          Selected Financial Data
                                (UNAUDITED)

                                  FISCAL YEAR TO DATE (NINE MONTHS) ENDED
                                ------------------------------------------
                                  Jun.       Jun.
Condensed Statements of Income    2011       2010      $Change    %Change
                                ---------  ---------  ---------  ---------
Interest Income                 $  29,497  $  31,174  $  (1,677)    (5.4%)
Interest Expense                    7,090      8,976     (1,886)   (21.0%)
                                ---------  ---------  ---------  ---------
Net Interest Income                22,407     22,198        209        0.9%
Provision for Loan Losses           3,150      2,996        154        5.1%
                                ---------  ---------  ---------  ---------
Net Interest Income after
  Provision for Loan Losses        19,257     19,202         55        0.3%
Non Interest Income                11,743     12,123       (380)    (3.1%)
Non Interest Expense               23,277     23,498       (221)    (0.9%)
                                ---------  ---------  ---------  ---------
Income Before Gain on
 Securities and Sale of Loans       7,723      7,827       (104)    (1.3%)
Gain(Loss) on Securities              (44)       (45)         1        2.2%
Gain(Loss) on Sale of Loans            22          7         15      214.3%
Income Taxes                        2,574      2,535         39        1.5%
                                ---------  ---------  ---------  ---------
Net Income (loss)               $   5,127  $   5,254  $    (127)    (2.4%)
                                =========  =========  =========  =========
Selected Financial Data
                                ---------  ---------  ---------  ---------
Dividends Declared Per Share    $   1.075  $   1.065  $    0.01        0.9%
Basic Earnings Per Common Share $    2.48  $    2.51  $   (0.03)    (1.2%)
Diluted Earnings Per Common
 Share                          $    2.45  $    2.49  $   (0.04)    (1.6%)
Annualized Return on Avg.
 Assets                              0.89%      0.92%   (0.03%)     (3.3%)
Annualized Return on Avg.
 Equity                              8.69%      9.37%   (0.68%)     (7.3%)
Annualized Return on Avg.
 Tangible Equity (1)                 9.13%      9.89%   (0.76%)     (7.7%)
Yield on Interest Earning
 Assets                              5.61%      5.96%   (0.50%)     (8.4%)
Cost of Interest Bearing
 Liabilities                         1.57%      1.94%   (0.37%)    (19.1%)
Spread                               4.04%      4.02%      0.02%       0.5%
Net Interest Margin                  4.26%      4.24%      0.02%       0.5%
Non-Interest Income/Avg. Assets      2.03%      2.11%   (0.09%)     (4.3%)
Non-Interest Expense/Avg.
 Assets                              4.05%      4.11%   (0.06%)     (1.5%)
Quarterly Net Charge-offs/Avg.
 Loans                               0.57%      0.05%      0.52%   1,000.4%
Weighted avg. shares
 Outstanding
   Basic                            2,071      2,094        (23)    (1.1%)
   Diluted                          2,094      2,112        (18)    (0.9%)
AVERAGE BALANCE SHEET DATA
                                ---------  ---------  ---------  ---------
Total Assets                    $ 766,684  $ 762,872  $   3,812        0.5%
Earning assets                  $ 701,527  $ 697,509  $   4,018        0.6%
Loans                           $ 590,637  $ 599,845  $  (9,208)    (1.5%)
Interest-bearing deposits       $ 517,079  $ 513,080  $   3,999        0.8%
Total deposits                  $ 594,256  $ 578,860  $  15,396        2.7%
Total stockholders' equity      $  78,683  $  74,748  $   3,935        5.3%

(1) Eliminates the effect of goodwill and the core deposit intangible
    assets and the related amortization expense on a tax effected basis.
    The amount was calculated using the following information.

Average Stockholders' Equity    $  78,683  $  74,748  $   3,935        5.3%
Less average goodwill and other
 intangible assets,
 net of related income taxes        3,667      3,697        (30)    (0.8%)
                                ---------  ---------  ---------  ---------
Average Tangible Equity         $  75,016  $  71,051  $   3,965        5.6%
                                =========  =========  =========  =========

Net Income                      $   5,127  $   5,254       (127)    (2.4%)
Plus Amortization of core
 deposit intangibles, net of
 related income taxes                   9         15         (6)   (40.0%)
                                ---------  ---------  ---------  ---------
Net Income, as adjusted         $   5,136  $   5,269  $    (133)    (2.5%)
                                =========  =========  =========  =========



                          TECHE HOLDING COMPANY
              (Dollars in thousands, except per share data)
                              New Iberia, LA
                              Balance Sheet
                               (UNAUDITED)

                        Jun.       Mar.       Dec.       Sep.       Jun.
                        2011       2011       2010       2010       2010
                     ---------  ---------  ---------  ---------  ---------
SmartGrowth Loans
  Consumer           $ 109,476  $ 109,092  $ 111,139  $ 111,571  $ 110,855
  Commercial           201,324    207,509    208,797    212,933    212,762
  Home Equity           51,293     51,045     52,182     53,405     55,860
  SmartMortgage
   Loans                88,019     88,799     89,389     86,959     86,624
                     ---------  ---------  ---------  ---------  ---------
Total SmartGrowth
 Loans                 450,112    456,445    461,507    464,868    466,101
  Mortgage Loans
   (owner occupied
   conforming)         133,264    131,708    132,224    131,023    131,590
                     ---------  ---------  ---------  ---------  ---------
                       583,376    588,153    593,731    595,891    597,691
Allowance for Loan
 Losses                 -8,123    -10,452     -9,953     -9,256     -8,830
                     ---------  ---------  ---------  ---------  ---------
Loans Receivable,
 Net                   575,253    577,701    583,778    586,635    588,861

Cash and Securities    154,061    144,465    110,405    115,217    121,783
Goodwill and Other
 Intangibles             3,673      3,678      3,682      3,687      3,692
Foreclosed Real
 Estate                  2,694      2,039      2,079      1,181      1,547
Other                   53,323     54,269     53,757     54,804     49,601
                     ---------  ---------  ---------  ---------  ---------
TOTAL ASSETS         $ 789,004  $ 782,152  $ 753,701  $ 761,524  $ 765,484
                     =========  =========  =========  =========  =========

SmartGrowth Deposits
  Checking           $ 209,080  $ 193,244  $ 186,240  $ 173,206  $ 169,396
  Money Market          55,280     56,618     55,557     60,246     62,643
  Savings              191,586    188,819    169,326    166,734    160,567
                     ---------  ---------  ---------  ---------  ---------
Total SmartGrowth
 Deposits              455,946    438,681    411,123    400,186    392,606
Time Deposits          169,377    172,211    172,316    179,169    185,496
                     ---------  ---------  ---------  ---------  ---------
Total Deposits         625,323    610,892    583,439    579,355    578,102

FHLB Advances           79,533     83,585     87,756    100,017    106,445
Other Liabilities        5,567     10,097      6,009      6,639      6,388
Stockholders' Equity    78,581     77,578     76,497     75,513     74,549
                     ---------  ---------  ---------  ---------  ---------
TOTAL LIABILITIES
 AND
STOCKHOLDERS' EQUITY $ 789,004  $ 782,152  $ 753,701  $ 761,524  $ 765,484
                     =========  =========  =========  =========  =========

Ratio of Equity to
 Assets                   9.96%      9.92%     10.15%      9.92%      9.74%
Tangible Equity
 Ratio (1)                9.54%      9.49%      9.71%      9.48%      9.30%
Total Risk-Based
 Capital Ratio           14.49%     13.94%     13.79%     13.52%     13.30%
Book Value per
 Common Share        $   37.87  $   37.23  $   36.81  $   36.19  $   35.45
Tangible Book Value
 Per Common Share
 (1)                 $   36.11  $   35.47  $   35.04  $   34.43  $   33.70
Shares Outstanding
 (in thousands)          2,075      2,084      2,078      2,082      2,091
Non-performing
 Assets/Total Assets      1.82%      2.22%      2.27%      2.06%      2.15%
ALLL/Loans                1.39%      1.78%      1.68%      1.55%      1.48%
ALLL/NPLs                69.94%     68.32%     66.36%     63.92%     59.92%

(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.

Stockholders' Equity $  78,581  $  77,578  $  76,497  $  75,513  $  74,549
Less goodwill and
 other Intangible
 assets, net of
 related income
 taxes                  -3,661     -3,664     -3,670     -3,673     -3,677
                     ---------  ---------  ---------  ---------  ---------
Tangible
 Stockholders'
 Equity              $  74,920  $  73,914  $  72,827  $  71,840  $  70,872
                     =========  =========  =========  =========  =========

Total Assets         $ 789,004  $ 782,152  $ 753,701  $ 761,524  $ 765,484
Less goodwill and
 other Intangible
 assets, net of
 related income
 taxes                  -3,661     -3,664     -3,670     -3,673     -3,677
                     ---------  ---------  ---------  ---------  ---------
Total Tangible
 Assets              $ 785,343  $ 778,488  $ 750,031  $ 757,851  $ 761,807
                     =========  =========  =========  =========  =========




Quarter-End
 Loan Data                                            90 Days +   90 Days +
June 30, 2011       Total       Charge-    Charge-      Non         Non
                    Loans        Offs       Offs       Accrual     Accrual
                   Dollars     Dollars   Percentage    Dollars   Percentage
                 ----------- ----------- ----------  ------------ --------
Real Estate Loans
  Construction   $    17,158 $        51       0.30% $      1,052     6.13%
  Permanent,
   Secured by:
    1-4 Dwelling
     Units:           19,942          --       0.00%           69     0.35%
      Revolving,
       Open-End
       Loans
       (HELOC)
      All Other
        Secured
         by First
         Liens       307,948         521       0.17%        3,367     1.09%
        Secured
         by
         Junior
         Liens         9,952          --       0.00%           35     0.35%
    Multifamily
    (5+ Dwelling
    Units)            21,309         898       4.21%          873     4.10%
    Nonresidential
     Property
     (Except Land)    86,424         333       0.39%          368     0.43%
    Land              36,738       1,367       3.72%        5,413    14.73%
                 ----------- ----------- ----------  ------------ --------
        Consumer      20,472          --       0.00%           69     0.34%
                 ----------- ----------- ----------  ------------ --------
        Commer-
         cial         16,266       1,367       8.40%        5,344    32.85%
                 ----------- ----------- ----------  ------------ --------
  Subtotal - Real
   Estate Loans  $   499,471 $     3,170       0.63% $     11,177     2.24%
                 ----------- ----------- ----------  ------------ --------

Non-Real Estate
 Loans:
  Commercial
   Loans         $    25,433 $         5       0.02%           --     0.00%
  Consumer
   Loans:
        Loans on
         Deposits      3,889          --       0.00%            3     0.08%
        Auto
         Loans         2,266          --       0.00%           17     0.75%
        Mobile
         Home
         Loans        38,585          97       0.25%          372     0.96%
        Other         13,732          57       0.42%           94     0.68%
                 ----------- ----------- ----------  ------------
  Subtotal - Non
   Real Estate
   Loans         $    83,905 $       159       0.19%          486     0.58%
                 ----------- ----------- ----------  ------------ --------

  Gross Loans    $   583,376 $     3,329       0.57% $     11,663     2.00%
                 =========== ===========             ============ --------

Non-accruals     $    10,863
90 + Days Past
 Due                     800
OREO &
 Foreclosed            2,774
                 -----------
  Nonperforming
   Assets (Net)  $    14,437
                 ===========
  Performing
   TDRs                1,711





Quarter-End Loan
 Data                                                90 Days +  90 Days +
March 31,  2011       Total    Charge-    Charge-       Non       Non
                      Loans     Offs       Offs       Accrual    Accrual
                     Dollars   Dollars   Percentage   Dollars  Percentage
                     --------- --------  ----------  --------- -----------
Real Estate Loans
  Construction       $  16,462       --        0.00% $   1,021        6.20%
  Permanent, Secured
   by:
    1-4 Dwelling
     Units:
      Revolving,
       Open-End
       Loans (HELOC)    18,691      (15)      -0.08%        27        0.14%
      All Other
         Secured by
          First
          Liens        307,532      112        0.04%     3,038        0.99%
         Secured
          by Junior
          Liens         10,244       23        0.22%        30        0.29%
    Multifamily (5+
     Dwelling Units)    22,358       --        0.00%       897        4.01%
    Nonresidential
     Property (Except
     Land)              90,532      228        0.25%       884        0.98%
    Land                38,923       --        0.00%     5,025       12.91%
                     --------- --------  ----------  --------- -----------
         Consumer       20,059       --        0.00%        59        0.29%
                     --------- --------  ----------  --------- -----------
         Commercial     18,864       --        0.00%     4,966       26.33%
                     --------- --------  ----------  --------- -----------
  Subtotal - Real
   Estate Loans      $ 504,742 $    348        0.07% $  10,922        2.16%
                     --------- --------  ----------  --------- -----------

  Non-Real Estate
   Loans:
    Commercial Loans $  24,813 $    128        0.52% $     835        3.37%
    Consumer Loans:
         Loans on
          Deposits       3,921       --        0.00%        --        0.00%
         Auto Loans      2,428       --        0.00%         7        0.29%
         Mobile Home
          Loans         38,925       25        0.06%       471        1.21%
         Other          13,324       --        0.00%       167        1.25%
                     --------- --------  ----------  ---------
  Subtotal - Non Real
   Estate Loans      $  83,411 $    153        0.18% $   1,480        1.77%
                     --------- --------  ----------  --------- -----------

Gross Loans          $ 588,104 $    501        0.09% $  12,402        2.11%
                     ========= ========              =========

Non-accruals            11,305
90 + Days Past Due       1,097
OREO & Foreclosed        2,039
                     ---------
  Nonperforming
   Assets (Net)      $  14,441
                     =========





Quarter-End Loan
 Data                                                 90 Days +  90 Days +
December 31, 2010    Total     Charge-     Charge-      Non         Non
                     Loans      Offs        Offs      Accrual     Accrual
                    Dollars    Dollars   Percentage   Dollars   Percentage
                   ---------- ---------  ----------  ---------- ----------
Real Estate Loans
  Construction     $   18,140        --        0.00% $    1,015       5.59%
  Permanent,
   Secured by:
    1-4 Dwelling
     Units:
      Revolving,
       Open-End
       Loans
       (HELOC)         18,585        45        0.24%         --       0.00%
      All Other
        Secured by
         First
         Liens        308,088       325        0.11%      3,678       1.19%
        Secured by
         Junior
         Liens         10,840        (3)      -0.03%        102       0.94%
      Multifamily
       (5+
       Dwelling
       Units)          21,752        --        0.00%        791       3.64%
      Nonresident-
       ial Proper-
       ty (Except
       Land)           91,411        --        0.00%          -       0.00%
      Land             39,597        (1)       0.00%      5,478      13.83%
                   ---------- ---------  ----------  ---------- ----------
        Consumer       20,076        (1)       0.00%         98       0.49%
                   ---------- ---------  ----------  ---------- ----------
        Commercial     19,521        --        0.00%      5,380      27.56%
                   ---------- ---------  ----------  ---------- ----------
  Subtotal - Real
   Estate Loans    $  508,413       366        0.07% $   11,064       2.18%
                   ---------- ---------  ----------  ---------- ----------

  Non-Real Estate
   Loans:
      Commercial
       Loans       $   24,948         5        0.02% $      898       3.60%
      Consumer
       Loans:
        Loans on
         Deposits       4,445        (2)      -0.04%          2       0.04%
        Auto Loans      2,684         1        0.04%          7       0.26%
        Mobile
         Home
         Loans         39,628        72        0.18%        497       1.25%
        Other          13,613        11        0.08%        155       1.14%
                   ---------- ---------  ----------  ----------
  Subtotal - Non
   Real Estate
   Loans           $   85,318        87        0.10% $    1,559       1.83%
                   ---------- ---------  ----------  ---------- ----------

  Gross Loans      $  593,731 $     453        0.08% $   12,623       2.13%
                   ========== =========              ==========

  Non-accruals         11,324
  90 + Days Past
   Due                  1,299
  OREO &
   Foreclosed           2,129
                   ----------
    Nonperforming
     Assets (Net)  $   14,752
                   ==========





Quarter-End Loan Data                                90 Days +  90 Days +
September 30, 2010      Total   Charge-     Charge-     Non         Non
                        Loans     Offs       Offs     Accrual     Accrual
                       Dollars   Dollars   Percentage  Dollars  Percentage
                      --------- --------  ----------  --------- ----------
Real Estate Loans
  Construction        $  21,310 $    102        0.48% $   1,066       5.00%
  Permanent, Secured
   by:
    1-4 Dwelling
     Units:
      Revolving,
       Open-End Loans
       (HELOC)           18,530       51        0.28%        --       0.00%
      All Other
        Secured by
         First Liens    303,587       --        0.00%     4,829       1.59%
        Secured by
         Junior Liens    11,048       (4)      -0.04%       108       0.98%
    Multifamily (5+
     Dwelling Units)     24,357       --        0.00%     1,522       6.25%
    Nonresidential
     Property (Except
     Land)               85,718      257        0.30%       118       0.14%
    Land                 39,555       23        0.06%     6,100      15.42%
                      --------- --------- ----------  --------- ----------
        Consumer         20,044       --        0.00%        58       0.29%
                      --------- --------  ----------  --------- ----------
        Commercial       19,511       23        0.12%     6,042      30.97%
                      --------- --------  ----------  --------- ----------
  Subtotal - Real
   Estate Loans       $ 504,105 $    429        0.09% $  13,743       2.73%
                      --------- --------  ----------  --------- ----------

Non-Real Estate
 Loans:
  Commercial Loans    $  30,929       --        0.00% $     154       0.50%
  Consumer Loans:
        Loans on
         Deposits         4,672        1        0.02%        27       0.58%
        Auto Loans        2,716        3        0.11%         4       0.15%
        Mobile Home
         Loans           40,094       20        0.05%       458       1.14%
        Other            13,375       21        0.16%        95       0.71%
                      --------- --------  ----------  ---------
  Subtotal - Non Real
   Estate Loans       $  91,786       45        0.05% $     738       0.80%
                      --------- --------  ----------  --------- ----------

  Gross Loans         $ 595,891 $    474        0.08% $  14,481       2.43%
                      ========= ========              =========

  Non-accruals           13,676
  90 + Days Past Due        805
  OREO & Foreclosed       1,201
                      ---------
    Nonperforming
     Assets (Net)     $  15,682
                      =========





Loans: Linked
 Quarter Comparison
Average Loan
 Balances &
 Yields     06/30/2011 06/30/2011  03/31/2011 03/31/2011   Change   Change
             Balance     Yield      Balance     Yield     Balance   Yield
            ---------- ----------  ---------- ----------  --------  ------
Real Estate
 Loans
  1-4
   Family   $  352,181       5.70% $  352,801       5.78% $   (620)  -0.08%
  Commercial   130,800       5.58%    133,005       5.48%   (2,205)   0.10%
            ----------             ----------             --------
Total Real
 Estate
 Loans      $  482,981       5.67% $  485,806       5.70% $ (2,825)  -0.03%

Non-Real
 Estate
 Loans
  Commer-
   cial     $   24,813       5.97% $   24,876       5.78% $    (63)   0.19%
  Consumer      78,626       9.51%     79,197       9.23%     (571)   0.28%
            ----------             ----------             --------
Total
 Non-Real
 Estate
 Loans         103,439       8.66%    104,073       8.40%     (634)   0.26%

Total All
 Loans      $  586,420       6.20% $  589,879       6.17% $ (3,459)   0.03%
            ==========             ==========             ========


Loans: Prior
 Year Comparison
Average Loan
 Balances &
 Yields     06/30/2011 06/30/2011  06/30/2010 06/30/2010   Change   Change
             Balance     Yield      Balance     Yield     Balance   Yield
            ---------- ----------  ---------- ----------  --------  ------

Real Estate
 Loans
  1-4
   Family   $  352,181       5.70% $  349,849       5.97% $  2,332   -0.27%
  Commercial   130,800       5.58%    139,442       5.74%   (8,642)  -0.16%
            ----------             ----------             --------
            $  482,981       5.67% $  489,291       5.90% $ (6,310)  -0.23%

Non-Real
 Estate
 Loans
  Commer-
   cial     $   24,813       5.97%     29,964       6.35% $ (5,151)  -0.38%
  Consumer      78,626       9.51%     80,629       9.35%   (2,003)   0.16%
            ----------             ----------             --------
               103,439       8.66% $  110,593       8.54% $ (7,154)   0.12%

Total All
 Loans      $  586,420       6.20% $  599,884       6.39% $ (13,464) -0.19%
            ==========             ==========             =========




Interest-bearing Liabilities:  Linked Quarter Comparison

Average
 balances            06/30/2011         03/31/2011          Change
            06/30/2011  Avg.   03/31/2011  Avg.    Change     Avg. %Balance
             $Balance  Yield    $Balance  Yield   $Balance   Yield  Change
            ---------- ------  ---------- ------  ---------  -----  ------
  NOW
   Accounts $  112,611   0.18% $  110,357   0.17% $   2,254   0.01%    2.0%
  Non-
   interest
   bearing
   Deposits     84,114   0.00%     75,893   0.00%     8,221   0.00%   10.8%
            ---------- ------  ---------- ------  ---------  -----  ------
    Checking
     Total  $  196,725   0.10% $  186,250   0.10% $  10,475   0.00%    5.6%

  Savings
   Accounts $  190,379   0.38% $  176,515   0.55% $  13,864  -0.17%    7.9%
  Money
   Market
   Accounts     55,619   0.27%     56,670   0.35%    (1,051) -0.08%   -1.9%
            ---------- ------  ---------- ------  ---------  -----  ------

  Total Smart
   Growth
   Deposits $  442,723   0.24% $  419,435   0.32% $  23,288  -0.08%    5.6%

  Time
   Deposits $  171,055   2.33% $  171,229   2.47%      (174) -0.14%   -0.1%

  Total
   Deposits $  613,778   0.82% $  590,664   0.94% $  23,114  -0.12%    3.9%

  FHLB
   Advances $   79,879   4.61% $   85,550   4.53% $  (5,671)  0.08%   -6.6%
                                                  ---------

Total
 Interest-
 bearing
 liabil-
 ities      $  609,543   1.43% $  600,321   1.57% $   9,222  -0.14%    1.5%
            ----------         ----------         =========

Non-interest
 bearing
 Deposits   $   84,114   0.00% $   75,893   0.00% $   8,221   0.00%   10.8%



Interest-bearing Liabilities: Prior Year Comparison

Average
 balances            06/30/2011         06/30/2010           Change
            06/30/2011  Avg.   06/30/2010  Avg.     Change    Avg. %Balance
             $Balance  Yield    $Balance  Yield    $Balance  Yield  Change
            ---------- ------  ---------- ------  ---------  -----  ------
                           
  NOW
   Accounts $  112,611   0.18% $  106,087   0.46% $   6,524  -0.28%    6.1%
  Non-interest
   bearing
   Deposits     84,114   0.00%     68,411   0.00%    15,703   0.00%   23.0%
            ---------- ------  ---------- ------  ---------  -----  ------
    Checking
     Total  $  196,725   0.10% $  174,498   0.28% $  22,227  -0.18%   12.7%

  Savings
   Accounts $  190,379   0.38% $  154,065   1.00% $  36,314  -0.62%   23.6%
  Money
   Market
   Accounts     55,619   0.27%     65,678   0.39%   (10,059) -0.12%  -15.3%
            ---------- ------  ---------- ------  ---------  -----  ------

  Total
   Smart
   Growth
   Deposits $  442,723   0.24% $  394,241   0.58% $  48,482  -0.34%   12.3%

  Time
   Deposits $  171,055   2.33% $  189,335   2.65% $ (18,280) -0.32%   -9.7%

Total
 Deposits   $  613,778   0.82% $  583,576   1.25% $  30,202  -0.43%    5.2%

  FHLB
   Advances $   79,879   4.61% $  101,543   4.52% $ (21,664)  0.09%  -21.3%
                                                  ---------

Total
 Interest-
 bearing
 liabil-
 ities      $  609,543   1.43% $  616,708   1.92% $  (7,165) -0.49%   -1.2%
            ----------         ==========         =========

Non-interest 
 bearing
 Deposits   $   84,114   0.00% $   68,411   0.00% $  15,703   0.00%   23.0%





Quarter-End
 Loan Quality
 Details
June 30, 2011
                  Total                %    Special   %                %
(In Thousands)    Loans   Classified Total  Mention Total    Pass    Total
                --------- ---------- -----  ------- -----  --------- -----
Commercial
 Loans
  Commercial
   Land         $  16,266 $    5,344  32.9% $   170   1.0% $  10,752  66.1%
  Commercial
   Construction     7,819      1,052  13.4%     382   4.9%     6,385  81.7%
  Commercial
   Real Estate    107,733      2,596   2.4%   3,234   3.0%   101,903  94.6%
  Commercial
   Non Real
   Estate          25,433         83   0.3%     530   2.1%    24,820  97.6%
                --------- ---------- -----  ------- -----  --------- -----
    Total
     Commercial $ 157,251 $    9,075   5.8% $ 4,316   2.7% $ 143,860  91.5%

Residential
 Loans
  Residential
Construction    $   9,339          -   0.0%       -   0.0% $   9,339 100.0%
  Residential   $ 337,842 $    3,782   1.1%     184   0.1% $ 333,876  98.8%
                --------- ---------- -----  ------- -----  --------- -----
    Total
     Resident-
     ial        $ 347,181 $    3,782   1.1% $   184   0.0% $ 343,215  98.9%

Consumer Loans
  Mobile Homes  $  38,585 $      371   0.9% $    66   0.2% $  38,148  98.9%
  Consumer
   Other           40,359        170   0.4%       -   0.0%    40,189  99.6%
                --------- ---------- -----  ------- -----  --------- -----
    Total
     Consumer   $  78,944 $      541   0.7% $    66   0.1% $  78,337  99.2%

Total All Loans $ 583,376 $   13,398   2.3% $ 4,566   0.8% $ 565,412  96.9%
                ========= ========== =====  ======= =====  ========= =====



Quarter-End
 Loan Quality
 Details
March 31, 2011
                  Total                %    Special   %                %
(In Thousands)    Loans   Classified Total  Mention Total    Pass    Total
                --------- ---------- -----  ------- -----  --------- -----
Commercial
 Loans
  Commercial
   Land         $  18,864 $    6,348  33.7% $   727   3.8% $  11,789  62.5%
  Commercial
   Construction     8,402      1,072  12.8%     375   4.4%     6,955  82.8%
  Commercial
   Real Estate    112,890      4,386   3.9%   3,134   2.8%   105,370  93.3%
  Commercial
   Non Real
   Estate          24,813        104   0.4%   2,038   8.2%    22,671  91.4%
                --------- ---------- -----  ------- -----  --------- -----
    Total
     Commercial $ 164,969 $   11,910   7.2% $ 6,274   3.8% $ 146,785  89.0%

Residential
 Loans
  Residential
   Construction     8,060          -   0.0%       -   0.0%     8,060 100.0%
  Residential     336,467      3,994   1.2%     285   0.1%   332,188  98.7%
                --------- ---------- -----  ------- -----  --------- -----
    Total
     Resident-
      ial       $ 344,527 $    3,994   1.2% $   285   0.1% $ 340,248  98.8%

Consumer Loans
  Mobile Homes     38,925        471   1.2%       -   0.0%    38,454  98.8%
  Consumer
   Other           39,732        232   0.6%       -   0.0%    39,500  99.4%
                --------- ---------- -----  ------- -----  --------- -----
    Total
     Consumer      78,657        703   0.9%       -   0.0%    77,954  99.1%

Total All Loans $ 588,153 $   16,607   2.8% $ 6,559   1.1% $ 564,987  96.1%
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Contact Information

  • Contact:
    Patrick Little
    President & CEO
    Teche Holding Company
    (337) 560-7151