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Teche Holding Company Earns $0.83 per Share for Third Quarter and $2.50 for Fiscal 2012 Year to Date


July 24, 2012 - New Iberia, LA

(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, 2012, the third quarter of fiscal year 2012.

Earnings for the quarter ended June 30, 2012 amounted to $1.7 million or $0.83 per diluted share, compared to $1.8 million or $0.85 per diluted share for the same quarter in fiscal 2011, a decrease of $0.02 per diluted share, or 2.4%.

"Earnings for the nine month period ended June 30, 2012 amounted to $5.2 million, or $2.50 per diluted share, compared to $5.1 million or $2.45 per diluted share, for the same period in fiscal 2011, an increase of $0.05 per diluted share, or 2.0%. Loan growth in recent quarters has been strong," said Little. "SmartGrowth loans are up nearly 3% for the linked quarter and up 6% for the year."

"Our focus on stockholder value is also bearing fruit. Over the past 12 months, we have increased tangible book value per share 6.6%, increased assets nearly 7.0%, paid dividends of nearly 4.0% and repurchased over 3.0% of our stock," said Little.

The Company reported the following points of interest:

  • Tangible book value per share increased to a record $38.51.
  • Average earning assets increased 1.1% or $8.0 million to $762.0 million as compared to the linked quarter and 6.6% or $47.5 million as compared to the same quarter a year ago.
  • Total loans increased 3.0% or $19.1 million to $660.5 million at June 30, 2012 as compared to the linked quarter end while increasing $77.1 million or 13.2% compared to June 30, 2011.
  • Net charge offs for the quarter amounted to 0.08% of average loans and 0.30% of average loans for the past four quarters.
  • Checking Account Balances increased 4.6% compared to June 30, 2011.
  • SmartGrowth Deposits increased 2.9% compared to a year ago. SmartGrowth Deposits amounted to 76.2% of total deposits, compared to 75.0% at March 31, 2012 and 72.9% a year ago.
  • The average rate paid on all deposits was 0.64% for the quarter compared to 0.72% for the linked quarter and 0.82% for the same period a year ago.
  • Cost of interest bearing liabilities amounted to 1.23%, compared to 1.31% for the linked quarter and 1.43% a year ago.
  • Net interest margin for the quarter amounted to 4.06%, compared to 4.08% for the linked quarter and 4.24% a year ago.
  • Total Assets increased to $843.8 million, an increase of $14.1 million for the linked quarter, or 1.7% and $54.8 million, or 6.9% compared to a year ago.
  • The Company repurchased 2.5% of the common stock during the quarter.
  • The Company paid a quarterly dividend of $0.365 per share compared to $0.36 per share for the quarter ended June 30, 2011, an increase of 1.4%.
  • All capital measures continue to remain strong.

Capital
Over the past twelve months, stockholders' equity increased 3.9% to $81.7 million while assets increased 6.9% to a record $843.8 million. Stockholders equity decreased from $82.2 million at March 31, 2012 to $81.7 million at June 30, 2012 primarily due to a large stock repurchase offset somewhat by quarterly earnings. The tangible equity ratio at June 30, 2012 decreased to 9.29% compared to 9.54% a year ago and the equity to asset ratio decreased to 9.68% from 9.96% a year ago all primarily due to the increase in total assets of the Company and stock repurchases. Tangible book value per common share has increased to a record $38.51, an increase of 6.6% compared to a year ago. Risk based capital decreased to 13.79% compared to 14.26% a year ago.

Over the past twelve month period, total assets increased 6.9% or $54.8 million to $843.8 million.





------- ------- ------- ------- -------
QUARTERLY COMPARISON Jun '12 Mar '12 Dec '11 Sep '11 Jun '11
------- ------- ------- ------- -------
Stockholders' Equity (in $ 81.7 $ 82.2 $ 81.1 $ 80.0 $ 78.6
millions)
Ratio of Equity to Assets 9.68% 9.90% 9.97% 10.08% 9.96%
Tangible Equity Ratio 9.29% 9.50% 9.56% 9.67% 9.54%
Total Risk-Based Capital Ratio 13.79% 14.12% 14.09% 14.30% 14.26%
Book Value per Common Share $ 40.32 $ 39.68 $ 39.24 $ 38.79 $ 37.87
Tangible Book Value Per Common
Share $ 38.51 $ 37.91 $ 37.47 $ 37.02 $ 36.11
Total Assets (in millions) $ 843.8 $ 829.7 $ 813.5 $ 793.2 $ 789.0



Asset Quality

The following tables set forth asset quality ratios and allowance for loan loss activity for each of the past five quarters:

 Net Charge offs, ALLL, NPAs ------- ------- ------- ------- -------QUARTERLY COMPARISON Jun '12 Mar' 12 Dec '11 Sep '11 Jun '11 ------- ------- ------- ------- -------Net Charge-offs/Average Loans 0.08% 0.08% 0.05% 0.09% 0.57%ALLL/NPLs 79.63% 74.02% 71.25% 76.63% 69.94%ALLL/NPAs 74.77% 71.40% 65.30% 67.67% 56.45%ALLL/Loans 1.27% 1.32% 1.33% 1.37% 1.39%NPAs/Assets 1.33% 1.43% 1.53% 1.55% 1.82% 

ALLL figures include specific reserves.

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 '12 Mar '12 Dec '11 Sep '11 Jun '11 ------- ------- ------- ------- -------Beginning ALLL $ 8,450 $ 8,392 $ 8,331 $ 8,123 $10,452Provision for Loan Losses 510 550 350 750 1,000Net Charge-offs 549 492 289 542 3,329Ending ALLL $ 8,411 $ 8,450 $ 8,392 $ 8,331 $ 8,123Ending ALLL (net of specific reserves) $ 8,411 $ 8,246 $ 8,142 $ 7,783 $ 8,075 

Net charge-offs for the quarter were $0.5 million, or 0.08% of average loans, compared to $3.3 million or 0.57% of average loans for the same period a year ago. For the twelve months ended June 30, 2012, net charge offs were $1.9 million or 0.30% of average loans, compared to $4.8 million or 0.80% of loans for the twelve months ended June 30, 2011. The decrease in our net charge-offs for the twelve month period ended June 30, 2012 over the same period one year ago, was primarily due to the prior year charge off of specific reserves on impaired loans which we previously held in reserve as was accepted practice under our previous regulator.

Non-performing assets decreased to $11.3 million, or 1.34% of total assets at June 30, 2012, compared to $11.8 million, or 1.43% of total assets at March 31, 2012 and $14.4 million, or 1.83% of total assets a year ago, primarily due to decreases in loans that were delinquent over ninety days.

The allowance for loan losses was 1.27% of total loans, or $8.4 million, at June 30, 2012 compared to 1.32% of total loans, or $8.5 million at March 31, 2012 and 1.39% of total loans, or $8.1 million at June 30, 2011.

"Non-performing assets have been steadily decreasing for the past several quarters," said Little.

 Net Interest IncomeQUARTERLY COMPARISON (In ------- ------- ------- ------- ------- --------- --------- 000's) Jun '12 Mar '12 Dec '11 Sep '11 Jun '11 FYTD 2012 FYTD 2011 ------- ------- ------- ------- ------- --------- ---------Interest Income $ 9,725 $ 9,807 $ 9,766 $ 9,861 $ 9,758 $ 29,298 $ 29,497Interest Expense 1,993 2,111 2,080 2,078 2,185 6,185 7,090 ------- ------- ------- ------- ------- --------- ---------Net Interest Income $ 7,732 $ 7,696 $ 7,686 $ 7,783 $ 7,573 $ 23,113 $ 22,407 ------- ------- ------- ------- ------- --------- ---------Provision for loan losses 510 550 350 750 1,000 1,410 3,150 ------- ------- ------- ------- ------- --------- ---------After Provision for loan losses $ 7,222 $ 7,146 $ 7,336 $ 7,033 $ 6,573 $ 21,703 $ 19,257 ------- ------- ------- ------- ------- --------- --------- 

Net interest income after provisions for loan loss amounted to $21.7 million for the nine months ending June 30, 2012, compared to $19.3 million for the same period in fiscal 2011, an increase of $2.4 million or 12.70%, primarily due to a decrease in the provision for loan losses.

 Net Interest Margin and Spread ------- ------- ------- ------- -------QUARTERLY COMPARISON Jun '12 Mar '12 Dec '11 Sep '11 Jun '11 ------- ------- ------- ------- -------Yield on Earning Assets 5.10% 5.20% 5.30% 5.48% 5.46%Cost of Interest Bearing Liabilities 1.23% 1.31% 1.31% 1.36% 1.43%Spread 3.87% 3.90% 3.99% 4.13% 4.03%Net Interest Margin 4.06% 4.08% 4.17% 4.33% 4.24% 

Net interest margin amounted to 4.06% for the three month period ended June 30, 2012 compared to 4.24% for the three months ended June 30, 2011. The decrease was primarily due to lower interest rates on interest earning assets offset somewhat by lower interest rates on interest bearing liabilities.

Spread amounted to 3.87% for the three month period ended June 30, 2012, compared to 4.03% for the same period in the previous year and 3.90% for the linked quarter. Compared to the same quarter last year, the average yield on earnings assets decreased 36 basis points from 5.46% to 5.10%, while the average cost of funds decreased 20 basis points from 1.43% to 1.23%.

Operating Revenue
Operating revenue for the quarter, consisting of net interest income (before provisions for loan losses) plus non-interest income, amounted to $11.4 million, which was $0.1 million lower than the same quarter in 2011.

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

 Operating Revenue ------- ------- ------- ------- -------QUARTERLY COMPARISON (in millions) Jun '12 Mar '12 Dec '11 Sep '11 Jun '11 ------- ------- ------- ------- -------Net Interest Income $ 7.7 $ 7.7 $ 7.7 $ 7.8 $ 7.6Non Interest Income 3.7 3.9 3.8 3.8 3.9 ------- ------- ------- ------- -------Operating Revenue $ 11.4 $ 11.6 $ 11.5 $ 11.6 $ 11.5 ======= ======= ======= ======= ======= 

Non-Interest Income
Non-interest income decreased slightly to $3.7 million compared to $3.9 million in the linked quarter and $3.9 million for the same quarter in 2011. Non-interest income amounted to 1.76% of average assets for the quarter, compared to 1.89% for the linked quarter and 1.99% a year ago.

 Non-Interest Income & ExpenseQUARTERLY COMPARISON (in ------- ------- ------- ------- ------- thousands) Jun '12 Mar '12 Dec '11 Sep '11 Jun '11 ------- ------- ------- ------- ------- Interchange fee Income $ 917 $ 843 $ 778 $ 830 $ 881 Other Non-Interest Income $ 2,734 $ 3,038 $ 2,990 $ 2,994 $ 3,009Total Non-Interest Income $ 3,651 $ 3,881 $ 3,768 $ 3,824 $ 3,890Total Non-Interest Income/Avg. Assets 1.76% 1.89% 1.88% 1.94% 1.99%Non-Interest Expense $ 8,287 $ 8,445 $ 8,447 $ 7,855 $ 7,777Non-Interest Expense/Avg. Assets 3.99% 4.11% 4.21% 3.99% 3.99% 

Non-Interest Expense
For the quarter, non-interest expense was $8.3 million or 3.99% of average assets, compared to the linked quarter of $8.4 million or 4.11% of average assets with the decrease primarily due to decreases in some expense accounts along with a higher average asset balance for the quarter. Compared to the same quarter in fiscal 2011, non-interest expense increased by $0.5 million from $7.8 million to $8.3 million, an increase of 6.5% primarily due to increases in compensation, marketing, data processing and expenses related to adjustments in values of foreclosed assets.

Net Income and Dividends
On May 24, 2012, the board of directors declared a $0.365 per share quarterly dividend, its sixty-eighth consecutive. Based on the closing price of the Company's common stock of $37.05 that date, the annualized dividend yield was 3.9%. Since 2003, the Company has increased dividends for nine consecutive years.

 ------- ------- ------- ------- -------QUARTERLY COMPARISON Jun '12 Mar '12 Dec '11 Sep '11 Jun '11 ------- ------- ------- ------- -------Dividends Declared Per Share $ 0.365 $ 0.365 $ 0.36 $ 0.36 $ 0.36Basic Earnings Per Common Share $ 0.84 $ 0.83 $ 0.86 $ 1.02 $ 0.86Diluted Earnings Per Common Share $ 0.83 $ 0.82 $ 0.85 $ 1.01 $ 0.85 

Loans

 ------- ------- ------- ------- -------QUARTERLY COMPARISON (In 000,000's) Jun '12 Mar '12 Dec '11 Sep '11 Jun '11 ------- ------- ------- ------- -------SmartGrowth Loans Consumer $ 109.3 $ 106.6 $ 107.4 $ 108.8 $ 109.5 Commercial 216.9 208.6 213.6 209.5 201.3 Home Equity 44.5 46.5 47.3 48.8 51.3 SmartMortgages 106.5 102.2 98.2 92.9 88.0 ------- ------- ------- ------- -------Total SmartGrowth Loans $ 477.2 $ 463.9 $ 466.5 $ 460.0 $ 450.1Mortgage Loans (owner occupied conforming) 183.3 177.6 166.1 148.6 133.3 ------- ------- ------- ------- -------Total Loans $ 660.5 $ 641.5 $ 632.6 $ 608.6 $ 583.4 

Linked Quarter Comparison. Gross loans receivable increased to $660.5 million at June 30, 2012, from $641.5 million at March 31, 2012, an increase of $19.0 million, or 3.0% due primarily to increases in SmartGrowth loans, along with increases in 15 year 1-4 family mortgage loans. SmartGrowth Loans, consisting of commercial loans, home equity loans, SmartMortgage loans and consumer loans, were $477.2 million, or 72.2% of total loans at June 30, 2012, compared to $463.9 million, or 72.3% at March 31, 2012, a three month increase of $13.3 million, or 2.9%.

Commercial loan balances at June 30, 2012 amounted to $216.9 million, compared to $208.6 million at March 31, 2012, a three month increase of $8.3 million or 4.0%. Consumer loan balances at June 30, 2012 amounted to $109.3 million, compared to $106.6 million at March 31, 2012, a linked quarter increase of $2.7 million, or 2.5%.

One Year Comparison. Gross loans receivable increased to $660.5 million at June 30, 2012 from $583.4 million at June 30, 2011, a twelve month increase of $77.1 million, or 13.2%. SmartGrowth Loans increased to $477.2 million at June 30, 2012, from $450.1 million at June 30, 2011, a twelve month increase of $27.1 million, or 6.0%.

Commercial loan balances at June 30, 2012 amounted to $216.9 million, compared to $201.3 million at June 30, 2011, a twelve month increase of $15.6 million, or 7.7%. Consumer loan balances at June 30, 2012 amounted to $109.3 million, compared to $109.5 million at June 30, 2011, a twelve month decrease of $0.2 million, or 0.2%.

Deposits

 ------- ------- ------- ------- -------QUARTERLY COMPARISON (In 000,000's) Jun '12 Mar '12 Dec '11 Sep '11 Jun '11 ------- ------- ------- ------- -------SmartGrowth Deposits Checking $ 218.7 $ 223.3 $ 199.0 $ 190.8 $ 209.1 Money Market 52.5 54.8 52.0 55.0 55.3 Savings 198.1 194.9 188.3 190.7 191.6 ------- ------- ------- ------- -------Total SmartGrowth Deposits $ 469.3 $ 473.0 $ 439.3 $ 436.5 $ 456.0Time Deposits 146.2 157.5 160.0 162.1 169.4 ------- ------- ------- ------- -------Total Deposits $ 615.5 $ 630.5 $ 599.3 $ 598.6 $ 625.3 

Linked Quarter Comparison. Total deposits decreased to $615.5 million at June 30, 2012, from $630.5 million at March 31, 2011, a linked quarter decrease of $15.0 million or 2.4%. The Company's SmartGrowth Deposit Accounts, consisting of checking accounts, money market accounts, and savings accounts decreased $3.7 million to $469.3 million or 0.8% at June 30, 2012, from $473.0 million at March 31, 2012.

Checking account balances at June 30, 2012 decreased $4.6 million, or 2.1%, to $218.7 million from $223.3 million at March 31, 2012.

One Year Comparison. Total deposits decreased to $615.5 million at June 30, 2012, from $625.3 million at June 30, 2011, a twelve month decrease of $9.8 million, or 1.6%. Total SmartGrowth Deposits increased $13.3 million, or 2.9% from $456.0 million at June 30, 2011 to $469.3 million at June 30, 2012.

SmartGrowth Deposits amounted to 76.2% of total deposits as of June 30, 2012 compared to 72.9% at June 30, 2011.

Checking account balances have increased 4.6%, or $9.6 million, in the past twelve months from $209.1 million at June 30, 2011 to $218.7 million at June 30, 2012. Checking account balances at June 30, 2012 accounted for 35.5% of total deposits compared to 33.4% of total deposits at June 30, 2011.

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 $843 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 Statements of Income (UNAUDITED) (Dollars in Thousands Except Share Data) THREE MONTHS ENDED -----------------------------------------------------Condensed Statements Jun. Mar. Dec. Sep. Jun. of Income 2012 2012 2011 2011 2011 --------- --------- --------- --------- ---------Interest Income $ 9,725 $ 9,807 $ 9,766 $ 9,861 $ 9,758Interest Expense 1,993 2,111 2,080 2,078 2,185 --------- --------- --------- --------- ---------Net Interest Income 7,732 7,696 7,686 7,783 7,573Provision for Loan Losses 510 550 350 750 1,000 --------- --------- --------- --------- ---------Net Interest Income after Provision for Loan Losses 7,222 7,146 7,336 7,033 6,573Non Interest Income 3,651 3,881 3,768 3,824 3,890Non Interest Expense 8,287 8,445 8,447 7,855 7,777 --------- --------- --------- --------- ---------Income Before Income Taxes 2,586 2,582 2,657 3,002 2,686Income Taxes 854 874 885 900 896 --------- --------- --------- --------- ---------Net Income $ 1,732 $ 1,708 $ 1,772 $ 2,102 $ 1,790 ========= ========= ========= ========= =========Selected Financial Data --------- --------- --------- --------- ---------Dividends Declared Per Share $ 0.365 $ 0.365 $ 0.36 $ 0.36 $ 0.36Basic Earnings Per Common Share $ 0.84 $ 0.83 $ 0.86 $ 1.02 $ 0.86Diluted Earnings Per Common Share $ 0.83 $ 0.82 $ 0.85 $ 1.01 $ 0.85Annualized Return on Avg. Assets 0.83% 0.83% 0.88% 1.07% 0.92%Annualized Return on Avg. Equity 8.28% 8.22% 8.86% 10.40% 8.96%Annualized Return on Avg. Tangible Equity (1) 8.67% 8.61% 9.30% 10.90% 9.40%Yield on Interest Earning Assets 5.10% 5.20% 5.30% 5.48% 5.46%Cost of Interest Bearing Liabilities 1.23% 1.31% 1.31% 1.36% 1.43%Spread 3.87% 3.90% 3.99% 4.13% 4.03%Net Interest Margin 4.06% 4.08% 4.17% 4.33% 4.24%Non-Interest Income/Avg. Assets 1.76% 1.89% 1.88% 1.94% 1.99%Non-Interest Expense/Avg. Assets 3.99% 4.11% 4.21% 3.99% 3.99%Quarterly Net Charge- offs/Avg. Loans 0.08% 0.08% 0.05% 0.09% 0.57%Weighted avg. shares Outstanding Basic 2,055 2,067 2,059 2,064 2,073 Diluted 2,078 2,088 2,078 2,085 2,097AVERAGE BALANCE SHEET DATA --------- --------- --------- --------- ---------Total Assets $ 830,958 $ 821,582 $ 803,024 $ 787,782 $ 780,213Earning assets $ 762,007 $ 753,980 $ 738,111 $ 719,384 $ 714,528Loans $ 648,640 $ 636,356 $ 621,073 $ 591,736 $ 586,420Interest-bearing deposits $ 523,488 $ 522,420 $ 513,104 $ 520,489 $ 529,664Total deposits $ 617,209 $ 608,777 $ 594,376 $ 607,949 $ 613,778Total stockholders' equity $ 83,643 $ 83,095 $ 79,993 $ 80,857 $ 79,942 (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 $ 83,643 $ 83,095 $ 79,993 $ 80,857 $ 79,942Less average goodwill and other intangible assets, net of related income taxes 3,664 3,665 3,667 3,671 3,671Average Tangible Equity $ 79,979 $ 79,430 $ 76,326 $ 77,186 $ 76,271 ========= ========= ========= ========= ========= Net Income 1,732 1,708 1,772 2,102 1,790Plus Amortization of core deposit intangibles, net of related income taxes 2 2 2 2 3 --------- --------- --------- --------- ---------Net Income, as adjusted $ 1,734 $ 1,710 $ 1,774 $ 2,104 $ 1,793 ========= ========= ========= ========= ========= TECHE HOLDING COMPANY (Dollars in thousands, except per share data) New Iberia, LA Statements of Income (UNAUDITED) (Dollars in Thousands Except Share Data) FISCAL YEAR TO DATE (NINE MONTHS) ENDED ------------------------------------------ Jun. Jun. 2012 2011 $Change %Change --------- --------- --------- --------Interest Income $ 29,298 $ 29,497 $ (199) (0.7%)Interest Expense 6,185 7,090 (905) (12.8%) --------- --------- --------- --------Net Interest Income 23,113 22,407 706 3.2%Provision for Loan Losses 1,410 3,150 (1,740) (55.2%) --------- --------- --------- --------Net Interest Income after Provision for Loan Losses 21,703 19,257 2,446 12.7%Non Interest Income 11,301 11,721 (420) (3.6%)Non Interest Expense 25,179 23,277 1,902 8.2% --------- --------- --------- --------Income Before Income Taxes 7,825 7,701 124 1.6%Income Taxes 2,613 2,574 39 1.5% --------- --------- --------- --------Net Income $ 5,212 $ 5,127 $ 85 1.7% ========= ========= ========= ========Selected Financial Data --------- --------- --------- --------Dividends Declared Per Share $ 1.09 $ 1.075 $ 0.015 1.4%Basic Earnings Per Common Share $ 2.53 2.48 $ 0.05 2.0%Diluted Earnings Per Common Share $ 2.50 2.45 $ 0.05 2.0%Annualized Return on Avg. Assets 0.85% 0.89% (0.04%) (4.5%)Annualized Return on Avg. Equity 8.45% 8.69% (0.24%) (2.8%)Annualized Return on Avg. Tangible Equity (1) 8.84% 9.13% (0.29%) (3.2%)Yield on Interest Earning Assets 5.20% 5.61% (0.41%) (7.3%)Cost of Interest Bearing Liabilities 1.28% 1.57% (0.29%) (18.5%)Spread 3.92% 4.04% (0.12%) (3.0%)Net Interest Margin 4.10% 4.26% (0.16%) (3.8%)Non-Interest Income/Avg. Assets 1.84% 2.03% (0.18%) (8.9%)Non-Interest Expense/Avg. Assets 4.10% 4.05% 0.05% 1.2%Net Charge-offs/Avg. Loans 0.21% 0.73% (0.52%) (71.2%)Weighted avg. shares Outstanding Basic 2,061 2,071 (10) -0.5% Diluted 2,081 2,094 (11) -0.5%AVERAGE BALANCE SHEET DATA --------- --------- --------- --------Total Assets $ 817,959 $ 766,684 $ 51,275 6.7%Earning assets $ 751,186 $ 701,527 $ 49,659 7.1%Loans $ 635,304 $ 590,637 $ 44,667 7.6%Interest-bearing deposits $ 519,643 $ 517,079 $ 2,564 0.5%Total deposits $ 606,739 $ 594,256 $ 12,483 2.1%Total stockholders' equity $ 82,235 $ 78,683 $ 3,552 4.5% (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 $ 82,235 $ 78,683 $ 3,552 4.5%Less average goodwill and other intangible assets, net of related income taxes 3,666 3,667 (1) (0.0%)Average Tangible Equity 78,569 75,016 3,553 4.7% ========= ========= ========= ======== Net Income 5,212 5,127 85 1.7% Plus Amortization of core deposit intangibles, net of related income taxes 6 9 (3) (33.3%) --------- --------- --------- --------Net Income, as adjusted $ 5,218 $ 5,136 $ 82 1.6% ========= ========= ========= ======== TECHE HOLDING COMPANY (Dollars in thousands, except per share data) New Iberia, LA Balance Sheet (UNAUDITED) (Dollars in Thousands Except Share Data) Jun. Mar. Dec. Sep. Jun. 2012 2012 2011 2011 2011 -------- -------- -------- -------- --------SmartGrowth Loans Consumer $109,287 $106,596 $107,399 $108,849 $109,476 Commercial 216,929 208,579 213,659 209,460 201,324 Home Equity 44,513 46,486 47,261 48,799 51,293 SmartMortgage Loans 106,532 102,228 98,221 92,910 88,019 -------- -------- -------- -------- --------Total SmartGrowth Loans 477,261 463,889 466,540 460,018 450,112Mortgage Loans (owner occupied conforming) 183,274 177,566 166,088 148,584 133,264 -------- -------- -------- -------- -------- 660,535 641,455 632,628 608,602 583,376Allowance for Loan Losses (8,411) (8,450) (8,392) (8,331) (8,123) -------- -------- -------- -------- --------Loans Receivable, Net 652,124 633,005 624,236 600,271 575,253 Cash and Securities 129,750 136,841 130,126 134,902 154,061Goodwill and Other Intangibles 3,661 3,664 3,667 3,670 3,673Foreclosed Real Estate 625 397 1,012 1,405 2,694Other 57,608 55,799 54,504 52,955 53,323 -------- -------- -------- -------- --------TOTAL ASSETS $843,768 $829,706 $813,545 $793,203 $789,004 ======== ======== ======== ======== ======== SmartGrowth Deposits Checking $218,717 $223,228 $199,021 $190,822 $209,080 Money Market 52,478 54,817 52,019 54,970 55,280 Savings 198,042 194,919 188,303 190,727 191,586 -------- -------- -------- -------- --------Total Smart Growth Deposits 469,237 472,964 439,343 436,519 455,946Time Deposits 146,227 157,547 159,968 162,063 169,377 -------- -------- -------- -------- --------Total Deposits 615,464 630,511 599,311 598,582 625,323 FHLB Advances 139,955 110,344 127,621 108,184 79,533Other Liabilities 6,669 6,682 5,501 6,450 5,567Stockholders' Equity 81,680 82,169 81,112 79,987 78,581 -------- -------- -------- -------- --------TOTAL LIABILITIES ANDSTOCKHOLDERS' EQUITY $843,768 $829,706 $813,545 $793,203 $789,004 ======== ======== ======== ======== ======== Ratio of Equity to Assets 9.68% 9.90% 9.97% 10.08% 9.96%Tangible Equity Ratio 9.29% 9.50% 9.56% 9.67% 9.54%Total Risk-Based Capital Ratio 13.79% 14.12% 14.09% 14.30% 14.26%Book Value per Common Share $ 40.32 $ 39.68 $ 39.24 $ 38.79 $ 37.87Tangible Book Value Per Common Share (1) $ 38.51 $ 37.91 $ 37.47 $ 37.02 $ 36.11Shares Outstanding (in thousands) 2,026 2,071 2,067 2,062 2,075Non-performing Assets/Total Assets 1.34% 1.43% 1.53% 1.55% 1.82%ALLL/Loans 1.27% 1.32% 1.33% 1.37% 1.39%ALLL/NPLs 79.63% 74.02% 73.72% 76.63% 69.94% (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 $ 81,680 $ 82,169 $ 81,112 $ 79,987 $ 78,581Less goodwill and other Intangible assets, net of related income taxes (3,658) (3,654) (3,657) (3,659) (3,661) -------- -------- -------- -------- --------Tangible Stockholders' Equity $ 78,022 $ 78,515 $ 77,455 $ 76,328 $ 74,920 -------- -------- -------- -------- -------- Total Assets $843,768 $829,706 $813,545 $793,203 $789,004Less goodwill and other Intangible assets, net of related income taxes (3,658) (3,654) (3,657) (3,659) (3,661) -------- -------- -------- -------- --------Total Tangible Assets $840,110 $826,052 $809,888 $789,544 $785,343 ======== ======== ======== ======== ======== Quarter-End Loan Data Net Net 90 Days 90 DaysJune 30, 2012 Total Charge- Charge- + Non + Non(Dollars in Loans Offs Offs Accrual Accrual Thousands) Dollars Dollars Percentage Dollars Percentage -------- -------- ---------- ----------- ----------Real Estate Loans Construction $ 20,020 $ -- 0.00% 656 3.3% Permanent, Secured by: 1-4 Dwelling Units: Revolving, Open- End Loans (HELOC) 20,207 -- 0.00% 28 0.1% All Other Secured by First Liens 368,625 188 0.05% 4,574 1.2% Secured by Junior Liens 7,702 -- 0.00% 28 0.4% Multifamily (5+ Dwelling Units) 20,968 (3) (0.14%) -- 0.0% Nonresidential Property (Except Land) 100,021 100 0.10% 559 0.6% Land 32,904 8 0.02% 4,048 12.3% -------- -------- ---------- ----------- ---------- Consumer 19,530 8 0.04% 114 0.6% -------- -------- ---------- ----------- ---------- Commercial 13,374 -- 0.00% 3,934 29.4% -------- -------- ---------- ----------- ---------- Subtotal - Real Estate Loans $570,447 $ 293 0.05% $ 9,893 1.7% -------- -------- ---------- ----------- ---------- Non-Real Estate Loans: Commercial Loans $ 31,564 $ 165 0.52% -- 0.0% Consumer Loans: Loans on Deposits 3,684 -- 0.00% 138 3.7% Auto Loans 1,972 6 0.30% 9 0.5% Mobile Home Loans 36,910 58 0.16% 438 1.2% Other 15,958 27 0.17% 84 0.5% -------- -------- ---------- -----------Subtotal - Non Real Estate Loans $ 90,088 $ 256 0.28% $ 669 0.7% -------- -------- ---------- ----------- ---------- Gross Loans $660,535 $ 549 0.08% $ 10,562 1.6% ======== ======== =========== Non-accruals $ 10,26390 + Days Past Due 299OREO & Foreclosed 722 -------- Nonperforming Assets (Net) $ 11,284 ======== Performing TDRs -- Net Net 90 Days 90 DaysQuarter-End Loan Data Total Charge- Charge- + Non + NonMarch 31, 2012 Loans Offs Offs Accrual Accrual(Dollars in Thousands) Dollars Dollars Percentage Dollars Percentage -------- -------- ---------- ----------- ----------Real Estate Loans Construction $ 15,986 $ -- 0.00% $ 656 4.1% Permanent, Secured by: 1-4 Dwelling Units: Revolving, Open- End Loans (HELOC) $ 20,748 $ -- 0.00% $ 96 0.5% All Other Secured by First Liens $360,057 $ 81 0.02% $ 4,105 1.1% Secured by Junior Liens 8,147 -- 0.00% -- 0.0% Multifamily (5+ Dwelling Units) 21,767 99 0.45% 733 3.4% Nonresidential Property (Except Land) 97,679 -- 0.00% 730 0.7% Land 33,138 250 0.75% 4,409 13.3% -------- -------- ---------- ----------- ---------- Consumer 18,760 -- 0.00% 147 0.8% -------- -------- ---------- ----------- ---------- Commercial 14,378 250 1.74% 4,262 29.6% -------- -------- ---------- ----------- ----------Subtotal - Real Estate Loans $557,522 $ 430 0.08% $ 10,729 1.9% -------- -------- ---------- ----------- ---------- Non-Real Estate Loans: Commercial Loans $ 26,773 $ -- 0.00% $ 165 0.6% Consumer Loans: Loans on Deposits 3,575 -- 0.00% 104 2.9% Auto Loans 1,786 -- 0.00% 34 1.9% Mobile Home Loans 36,864 50 0.14% 289 0.8% Other 14,935 12 0.08% 95 0.6% -------- -------- ---------- -----------Subtotal - Non Real Estate Loans $ 83,933 $ 62 0.07% $ 687 0.8% -------- -------- ---------- ----------- ---------- Gross Loans $641,455 $ 492 0.08% $ 11,416 1.8% ======== ======== =========== Non-accruals $ 11,19990 + Days Past Due 217OREO & Foreclosed 419 -------- Nonperforming Assets (Net) $ 11,835 ======== Performing TDRs -- Net Net 90 Days 90 DaysQuarter-End Loan Data Total Charge- Charge- + Non + NonDecember 31, 2011 Loans Offs Offs Accrual Accrual(Dollars in Thousands) Dollars Dollars Percentage Dollars Percentage -------- -------- ---------- ----------- ----------Real Estate Loans Construction $ 18,657 $ -- 0.00% $ 763 4.1% Permanent, Secured by: 1-4 Dwelling Units: Revolving, Open- End Loans (HELOC) 20,309 20 0.10% 75 0.4% All Other Secured by First Liens $347,058 $ 167 0.05% $ 3,505 1.0% Secured by Junior Liens 8,492 -- 0.00% -- 0.0% Multifamily (5+ Dwelling Units) 23,460 45 0.19% 843 3.6% Nonresidential Property (Except Land) 95,233 -- 0.00% 337 0.4% Land 34,641 -- 0.00% 4,759 13.7% -------- -------- ---------- ----------- ---------- Consumer 19,478 -- 0.00% 130 0.7% -------- -------- ---------- ----------- ---------- Commercial 15,163 -- 0.00% 4,629 30.5% -------- -------- ---------- ----------- ---------- Subtotal - Real Estate Loans $547,850 $ 232 0.04% $ _10,282 1.9% -------- -------- ---------- ----------- ---------- Non-Real Estate Loans: Commercial Loans $ 27,217 $ -- 0.00% $ -- 0.0% Consumer Loans: Loans on Deposits 3,667 -- 0.00% 39 1.1% Auto Loans 1,898 -- 0.00% 22 1.2% Mobile Home Loans 37,494 55 0.15% 534 1.4% Other 14,502 2 0.01% 113 0.8% -------- -------- ---------- -----------Subtotal - Non Real Estate Loans $ 84,778 $ 57 0.07% $ 708 0.8% -------- -------- ---------- ----------- ---------- Gross Loans $632,628 $ 289 0.05% $ 10,990 1.7% ======== ======== =========== Non-accruals $ 10,83590 + Days Past Due 549OREO & Foreclosed 1,073 -------- Nonperforming Assets (Net) $ 12,457 ======== Performing TDRs -- Quarter-End Loan Data Net Net 90 Days 90 DaysSeptember 30, 2011 Total Charge- Charge- + Non + Non(Dollars in Loans Offs Offs Accrual Accrual Thousands) Dollars Dollars Percentage Dollars Percentage -------- -------- ---------- ----------- ----------Real Estate Loans Construction $ 20,046 $ -- 0.00% $ 1,021 5.1% Permanent, Secured by: 1-4 Dwelling Units: Revolving, Open-End Loans (HELOC) 20,287 -- 0.00% 104 0.51% All Other Secured by First Liens 326,027 25 0.01% 2,931 0.90% Secured by Junior Liens 9,032 60 0.66% 5 0.05% Multifamily (5+ Dwelling Units) 23,747 -- 0.00% 863 3.63% Nonresidential Property (Except Land) 87,797 105 0.12% 412 0.47% Land 35,774 306 0.86% 4,963 13.87% -------- -------- ---------- ----------- ---------- Consumer 20,023 7 0.03% 130 0.65% -------- -------- ---------- ----------- ---------- Commercial 15,751 299 1.90% 4.833 30.7% -------- -------- ---------- ----------- ----------Subtotal - Real Estate Loans $522,710 $ 496 0.09% $ 10,299 1.97% -------- -------- ---------- ----------- ---------- Non-Real Estate Loans: Commercial Loans $ 27,403 (1) 0.00% $ -- 0.00% Consumer Loans: Loans on Deposits 3,737 7 0.19% 69 1.85% Auto Loans 2,105 -- 0.00% 23 1.07% Mobile Home Loans 38,285 31 0.08% 379 0.99% Other 14,362 9 0.06% 101 0.70% -------- -------- ---------- -----------Subtotal - Non Real Estate Loans $ 85,892 $ 46 0.05% $ 572 0.67% -------- -------- ---------- ----------- ---------- Gross Loans $608,602 $ 542 0.09% $ 10,871 1.79% ======== ======== =========== ---------- Non-accruals $ 10,07990 + Days Past Due 793OREO & Foreclosed 1,438 -------- Nonperforming Assets (Net) $ 12,310 ======== Performing TDRs $ 1,075 Loans: Linked Quarter ComparisonAverage LoanBalances & Yields 06/30/2012 06/30/2012 03/31/2012 03/31/2012 Change Change(Dollars in Balance Yield Balance Yield Balance Yield Thousands) ---------- ---------- ---------- ---------- ------- ------Real Estate Loans 1-4 Family $ 407,115 5.03% $ 396,005 5.19% $11,110 -0.16% Commercial 136,402 5.57% 137,203 5.54% (801) 0.03% ---------- ---------- ------- 543,517 5.18% 533,208 5.28% 10,309 -0.10% Non-Real Estate Loans Commercial $ 28,206 5.46% $ 26,721 5.77% $ 1,485 -0.31% Consumer 76,917 9.10% 76,427 9.16% 490 -0.06% ---------- ---------- ------- 105,123 8.13% 103,148 8.28% 1,975 -0.15% Total All Loans $ 648,640 5.63% $ 636,356 5.76% $12,284 -0.13% ========== ========== ======= Prior Year ComparisonAverage Loan Balances & 06/30/2012 06/30/2012 06/30/2011 06/30/2011 Change Change Yields Balance Yield Balance Yield Balance Yield ---------- ---------- ---------- ---------- ------- ------Real Estate Loans 1-4 Family $ 407,115 5.03% $ 352,181 5.70% $54,934 -0.67% Commercial 136,402 5.57% 130,800 5.58% 5,602 -0.01% ---------- ---------- ------- 543,517 5.18% 482,981 5.67% 60,536 -0.49% Non-Real Estate Loans Commercial $ 28,206 5.46% $ 24,813 5.97% $ 3,393 -0.51% Consumer 76,917 9.10% 78,626 9.51% (1,709) -0.41% ---------- ---------- ------- 105,123 8.13% 103,439 8.66% 1,684 -0.53% Total All Loans $ 648,640 5.63% $ 586,420 6.20% $62,220 -0.57% ========== ========== ======= Loans: Linked Quarter ComparisonAverage LoanBalances & Yields(Dollars in 03/31/2012 03/31/2012 12/31/2011 12/31/2011 Change Change Thousands) Balance Yield Balance Yield Balance Yield ---------- ---------- ---------- ---------- ------- ------Real Estate Loans 1-4 Family $ 396,005 5.19% $ 384,094 5.21% $11,911 -0.02% Commercial 137,203 5.54% 132,074 5.64% 5,129 -0.10% ---------- ---------- ------- 533,208 5.28% 516,168 5.32% 17,040 -0.04% Non-Real Estate Loans Commercial $ 26,721 5.77% $ 27,258 6.06% $ (537) -0.29% Consumer 76,427 9.16% 77,647 9.33% (1,220) -0.17% ---------- ---------- ------- 103,148 8.28% 104,905 8.48% (1,757) -0.20% Total All Loans $ 636,356 5.76% $ 621,073 5.85% $15,283 -0.09% ========== ========== ======= Prior Year ComparisonAverage Loan Balances & 03/31/2012 03/31/2012 03/31/2011 03/31/2011 Change Change Yields Balance Yield Balance Yield Balance Yield ---------- ---------- ---------- ---------- ------- ------Real Estate Loans 1-4 Family $ 396,005 5.19% $ 352,801 5.78% $43,204 -0.59% Commercial 137,203 5.54% 133,005 5.48% 4,198 0.06% ---------- ---------- ------- 533,208 5.28% 485,806 5.70% 47,402 -0.42% Non-Real Estate Loans Commercial $ 26,721 5.77% $ 24,876 5.78% $ 1,845 -0.01% Consumer 76,427 9.16% 79,197 9.23% (2,770) -0.07% ---------- ---------- ------- 103,148 8.28% 104,073 8.40% (925) -0.12% Total All Loans $ 636,356 5.76% $ 589,879 6.17% $46,477 -0.41% ========== ========== ======= Loans: Linked Quarter ComparisonAverage LoanBalances & Yields 12/31/2011 12/31/2011 09/30/2011 09/30/2011 Change Change(Dollars in Balance Yield Balance Yield Balance Yield Thousands) ---------- ----------- ---------- ----------- -------- --------Real Estate Loans 1-4 Family $ 384,094 5.21% $ 360,569 5.59% $23,525 -0.38% Commercial 132,074 5.64% 126,299 5.69% 5,775 -0.05% ---------- ---------- ------- 516,168 5.32% 486,868 5.62% 29,300 -0.30% Non-Real Estate Loans Commercial $ 27,258 6.06% $ 26,223 5.99% $ 1,035 0.07% Consumer 77,647 9.33% 78,645 9.67% (998) -0.34% ---------- ---------- ------- 104,905 8.48% 104,868 8.75% 37 -0.27% Total All Loans $ 621,073 5.85% $ 591,736 6.17% $29,337 -0.32% ========== ========== ======= Prior Year ComparisonAverage Loan Balances & 12/31/2011 12/31/2011 12/31/2010 12/31/2010 Change Change Yields Balance Yield Balance Yield Balance Yield ---------- ---------- ---------- ---------- ------- ------Real Estate Loans 1-4 Family $ 384,094 5.21% $ 351,121 5.81% $32,973 -0.60% Commercial 132,074 5.64% 134,698 5.76% (2,624) -0.12% ---------- ---------- ------- 516,168 5.32% 485,819 5.80% 30,349 -0.48% Non-Real Estate Loans Commercial $ 27,258 6.06% $ 28,889 6.21% (1,631) -0.15% Consumer 77,647 9.33% 80,839 9.29% (3,192) 0.04% ---------- ---------- ------- 104,905 8.48% 109,728 8.48% (4,823) 0.00% Total All Loans $ 621,073 5.85% $ 595,547 6.29% $25,526 -0.44% ========== ========== ======= Loans: Linked Quarter ComparisonAverage LoanBalances & Yields 09/30/2011 09/30/2011 06/30/2011 06/30/2011 Change Change(Dollars in Balance Yield Balance Yield Balance Yield Thousands) ---------- ---------- ---------- ---------- ------- ------Real Estate Loans 1-4 Family $ 360,569 5.59% $ 352,181 5.70% $ 8,388 -0.11% Commercial 126,299 5.69% 130,800 5.58% (4,501) 0.11% ---------- ---------- -------Total Real Estate Loans $ 486,868 5.62% $ 482,981 5.67% 3,887 -0.05% Non-Real Estate Loans Commercial $ 26,223 5.99% $ 24,813 5.97% $ 1,410 0.02% Consumer 78,645 9.67% 78,626 9.51% 19 0.16% ---------- ---------- ------- Total Non- Real Estate Loans 104,868 8.75% 103,439 8.66% 1,429 0.09% Total All Loans $ 591,736 6.17% $ 586,420 6.20% $ 5,316 -0.03% ========== ========== ======= Loans: Prior Year ComparisonAverage LoanBalances & 09/30/2011 09/30/2011 09/30/2010 09/30/2010 Change Change Yields Balance Yield Balance Yield Balance Yield ---------- ---------- ---------- ---------- ------- ------Real Estate Loans 1-4 Family $ 353,573 5.73% $ 349,621 5.98% $ 3,952 -0.25% Commercial 131,192 5.63% 138,950 5.82% (7,758) -0.19% ---------- ---------- ------- 484,765 5.70% 488,571 5.94% (3,806) -0.24% Non-Real Estate Loans Commercial $ 26,211 5.99% $ 29,996 6.37% $(3,785) -0.38% Consumer 79,378 9.42% 80,567 9.30% (1,189) 0.12% ---------- ---------- ------- 105,589 8.57% 110,563 8.50% (4,974) 0.07% Total All Loans $ 590,354 6.21% $ 599,134 6.41% $(8,780) -0.20% ========== ========== ======= Interest-bearing Liabilities: Linked Quarter Comparison Average balances 06/30/2012 03/31/2012 Change(Dollars in 06/30/2012 Avg. 03/31/2012 Avg. Change Avg. %Balance Thousands) $Balance Yield $Balance Yield $Balance Yield Change --------- ----- --------- ----- --------- ----- -------- NOW Accounts $ 123,851 0.20% $ 119,544 0.19% $ 4,307 0.01% 3.6% Non-interest bearing Deposits 93,721 0.00% 86,358 0.00% 7,363 0.00% 8.5% --------- ----- --------- ----- --------- ----- -------- Checking Total $ 217,572 0.12% $ 205,902 0.11% $ 11,670 0.01% 5.7% Savings Accounts $ 196,611 0.33% $ 190,365 0.32% $ 6,246 0.01% 3.3% Money Market Accounts 52,489 0.25% 53,727 0.25% (1,238) 0.00% -2.3% --------- ----- --------- ----- --------- ----- -------- Total Smart Growth Deposits $ 466,672 0.22% $ 449,994 0.22% $ 16,678 0.00% 3.7% Time Deposits $ 150,537 1.92% $ 158,784 2.16% (8,247) -0.24% -5.2% Total Deposits $ 617,209 0.64% $ 608,778 0.72% $ 8,431 -0.08% 1.4% FHLB Advances $ 123,681 3.27% $ 123,665 3.28% $ 16 -0.01% 0.0% --------- ----- --------- ----- --------- ----- -------- Total Interest- bearing liabilities $ 647,169 1.23% $ 646,085 1.31% $ 1,084 -0.08% 0.2% ========= ========= ========= Non-interest bearing Deposits $ 93,721 0.00% $ 86,358 0.00% $ 7,363 0.00% 8.5% Interest-bearing Liabilities: Prior Year Comparison 06/30/2012 06/30/2011 ChangeAverage 06/30/2012 Avg. 06/30/2011 Avg. Change Avg. %Balance balances $Balance Yield $Balance Yield $Balance Yield Change --------- ----- --------- ----- --------- ------ -------- NOW Accounts $ 123,851 0.20% $ 112,611 0.18% $ 11,240 0.02% 10.0% Non- interest bearing Deposits 93,721 0.00% 84,114 0.00% 9,607 0.00% 11.4% --------- ----- --------- ----- --------- ------ -------- Checking Total $ 217,572 0.12% $ 196,725 0.10% $ 20,847 0.02% 10.6% Savings Accounts $ 196,611 0.33% $ 190,379 0.38% $ 6,232 -0.05% 3.3% Money Market Accounts 52,489 0.25% 55,619 0.27% (3,130) -0.02% -5.6% --------- ----- --------- ----- --------- ------ -------- Total Smart Growth Deposits $ 466,672 0.22% $ 442,723 0.24% $ 23,949 -0.02% 5.4% Time Deposits $ 150,537 1.92% $ 171,055 2.33% (20,518) -0.41% -12.0% Total Deposits $ 617,209 0.64% $ 613,778 0.82% $ 3,431 -0.18% 0.6% FHLB Advances $ 123,681 3.27% $ 79,879 4.61% $ 43,802 -1.34% 54.8% --------- ----- --------- ----- --------- ------ -------- Total Interest- bearing liabilities $ 647,169 1.23% $ 609,543 1.43% $ 37,626 -0.20% 6.2% ========= ========= ========= Non-interest bearing Deposits $ 93,721 0.00% $ 84,114 0.00% $ 9,607 0.00% 11.4% 

Interest-bearing Liabilities: Linked Quarter Comparison Average balances 03/31/2012 12/31/2011 Change(Dollars in 03/31/2012 Avg. 12/31/2011 Avg. Change Avg. %Balance Thousands) $Balance Yield $Balance Yield $Balance Yield Change --------- ----- --------- ----- --------- ------ -------- NOW Accounts $ 119,544 0.19% $ 111,078 0.18% $ 8,466 0.01% 7.6% Non- interest bearing Deposits 86,358 0.00% 81,272 0.00% 5,086 0.00% 6.3% --------- ----- --------- ----- --------- ------ -------- Checking Total $ 205,902 0.11% $ 192,350 0.11% $ 13,552 0.00% 7.0% Savings Accounts $ 190,365 0.32% $ 186,897 0.31% $ 3,468 0.01% 1.9% Money Market Accounts 53,727 0.25% 54,473 0.23% (746) 0.02% -1.4% --------- ----- --------- ----- --------- ------ -------- Total Smart Growth Deposits $ 449,994 0.22% $ 433,720 0.21% $ 16,274 0.01% 3.8% Time Deposits $ 158,784 2.16% $ 160,656 2.24% $ (1,872) -0.08% -1.2% Total Deposits $ 608,778 0.72% $ 594,376 0.76% $ 14,402 -0.04% 2.4% FHLB Advances $ 123,665 3.28% $ 120,740 3.15% $ 2,925 0.13% 2.4% --------- ----- --------- ----- --------- ------ -------- Total Interest- bearing liabilities $ 646,085 1.31% $ 633,844 1.31% $ 12,241 0.00% 1.9% ========= ========= ========= Non-interest bearing Deposits $ 86,358 0.00% $ 81,272 0.00% $ 5,086 0.00% 6.3% Interest-bearing Liabilities: Prior Year Comparison Average balances 03/31/2012 03/31/2011 Change 03/31/2012 Avg. 03/31/2011 Avg. Change Avg. %Balance $Balance Yield $Balance Yield $Balance Yield Change --------- ----- --------- ----- --------- ------ -------- NOW Accounts $ 119,544 0.19% $ 110,357 0.17% $ 9,187 0.02% 8.3% Non- interest bearing Deposits 86,358 0.00% 75,893 0.00% 10,465 0.00% 13.8% --------- ----- --------- ----- --------- ------ -------- Checking Total $ 205,902 0.11% $ 186,250 0.10% $ 19,652 0.01% 10.6% Savings Accounts $ 190,365 0.32% $ 176,515 0.55% $ 13,850 -0.23% 7.8% Money Market Accounts 53,727 0.25% 56,670 0.35% (2,943) -0.10% -5.2% --------- ----- --------- ----- --------- ------ -------- Total Smart Growth Deposits $ 449,994 0.22% $ 419,435 0.32% $ 30,559 -0.10% 7.3% Time Deposits $ 158,784 2.16% $ 171,229 2.47% $ (12,445) -0.31% -7.3% Total Deposits $ 608,778 0.72% $ 590,664 0.94% $ 18,114 -0.22% 3.1% FHLB Advances $ 123,665 3.28% $ 85,550 4.53% $ 38,115 -1.25% 44.6% --------- ----- --------- ----- --------- ------ -------- Total Interest- bearing liabilities $ 646,085 1.31% $ 600,321 1.57% $ 45,764 -0.26% 7.6% ========= ========= ========= Non-interest bearing Deposits $ 86,358 0.00% $ 75,893 0.00% $ 10,465 0.00% 13.8%

 Interest-bearing Liabilities: Linked Quarter Comparison Average balances 12/31/2011 9/30/2011 Change(Dollars in 12/31/2011 Avg. 9/30/2011 Avg. Change Avg. %Balance Thousands) $Balance Yield $Balance Yield $Balance Yield Change --------- ----- --------- ----- --------- ------ -------- NOW Accounts $ 111,078 0.18% $ 108,579 0.14% $ 2,499 0.04% 2.3% Non- interest bearing Deposits 81,272 0.00% 87,454 0.00% $ (6,182) 0.00% -7.1% --------- ----- --------- ----- --------- ------ -------- Checking Total $ 192,350 0.11% $ 196,033 0.08% $ (3,683) 0.03% -1.9% Savings Accounts $ 186,897 0.31% $ 191,840 0.33% $ (4,943) -0.02% -2.6% Money Market Accounts 54,473 0.23% 54,787 0.30% (314) -0.07% -0.6% --------- ----- --------- ----- --------- ------ -------- Total Smart Growth Deposits $ 433,720 0.21% $ 442,660 0.22% $ (8,940) -0.01% -2.0% Time Deposits $ 160,656 2.24% $ 165,284 2.25% $ (4,628) -0.01% -2.8% Total Deposits $ 594,376 0.76% $ 607,944 0.77% $ (13,568) -0.01% -2.2% FHLB Advances $ 120,740 3.15% $ 92,514 3.93% $ 28,226 -0.78% 30.5% --------- ----- --------- ----- --------- ------ -------- Total Interest- bearing liabilities $ 633,844 1.31% $ 613,004 1.36% $ 20,840 -0.05% 3.4% ========= ========= ========= Non-interest bearing Deposits $ 81,272 0.00% $ 87,454 0.00% $ (6,182) 0.00% -7.1% 

Interest-bearing Liabilities: Prior Year Comparison 12/31/2011 12/31/2010 ChangeAverage 12/31/2011 Avg. 12/31/2010 Avg. Change Avg. %Balance balances $Balance Yield $Balance Yield $Balance Yield Change --------- ----- --------- ----- --------- ------ -------- NOW Accounts $ 111,078 0.18% $ 105,225 0.18% $ 5,853 0.00% 5.6% Non- interest bearing Deposits 81,272 0.00% 73,015 0.00% 8,257 0.00% 11.3% --------- ----- --------- ----- --------- ------ -------- Checking Total $ 192,350 0.11% $ 178,240 0.11% $ 14,110 0.00% 7.9% Savings Accounts $ 186,897 0.31% $ 167,291 0.60% $ 19,606 -0.29% 11.7% Money Market Accounts 54,473 0.23% 58,559 0.35% (4,086) -0.12% -7.0% --------- ----- --------- ----- --------- ------ -------- Total Smart Growth Deposits $ 433,720 0.21% $ 404,090 0.35% $ 29,630 -0.14% 7.3% Time Deposits $ 160,656 2.24% $ 175,947 2.53% $ (15,291) -0.29% -8.7% Total Deposits $ 594,376 0.76% $ 580,037 1.01% $ 14,339 -0.25% 2.5% FHLB Advances $ 120,740 3.15% $ 95,251 4.53% $ 25,489 -1.38% 26.8% --------- ----- --------- ----- --------- ------ -------- Total Interest- bearing liabilities $ 633,844 1.31% $ 602,273 1.69% $ 31,571 -0.38% 5.2% ========= ========= ========= Non-interest bearing Deposits $ 81,272 0.00% $ 73,015 0.00% $ 8,257 0.00% 11.3% 

Interest-bearing Liabilities: Linked Quarter Comparison Average balances 09/30/2011 06/30/2011 Change(Dollars in 09/30/2011 Avg. 06/30/2011 Avg. Change Avg. %Balance Thousands) $Balance Yield $Balance Yield $Balance Yield Change --------- ----- --------- ----- --------- ------ -------- NOW Accounts $ 108,579 0.14% $ 112,611 0.18% $ (4,032) -0.04% -3.6% Non- interest bearing Deposits 87,454 0.00% 84,114 0.00% 3,340 0.00% 4.0% --------- ----- --------- ----- --------- ------ -------- Checking Total $ 196,033 0.08% $ 196,725 0.10% $ (692) -0.02% -0.4% Savings Accounts $ 191,840 0.33% $ 190,379 0.38% $ 1,461 -0.05% 0.8% Money Market Accounts 54,787 0.30% 55,619 0.27% (832) 0.03% -1.5% --------- ----- --------- ----- --------- ------ -------- Total Smart Growth Deposits $ 442,660 0.22% $ 442,723 0.24% $ (63) -0.02% 0.0% Time Deposits $ 165,284 2.25% $ 171,055 2.33% $ (5,771) -0.08% -3.4% Total Deposits $ 607,944 0.77% $ 613,778 0.82% $ (5,834) -0.05% -1.0% FHLB Advances $ 92,514 3.93% $ 79,879 4.61% $ 12,635 -0.68% 15.8% --------- ----- --------- ----- --------- ------ -------- Total Interest- bearing liabilities $ 613,004 1.36% $ 609,543 1.43% $ 3,461 -0.07% 0.6% ========= ========= ========= Non-interest bearing Deposits $ 87,454 0.00% $ 84,114 0.00% $ 3,340 0.00% 4.0% Interest-bearing Liabilities: Average Quarter Balances 09/30/2011 09/30/2010 ChangeAverage 09/30/2011 Avg. 09/30/2010 Avg. Change Avg. %Balance balances $Balance Yield $Balance Yield $Balance Yield Change --------- ----- --------- ----- --------- ------ -------- NOW Accounts $ 108,579 0.14% $ 103,467 0.26% $ 5,112 -0.12% 4.9% Non- interest bearing Deposits 87,454 0.00% 66,808 0.00% 20,646 0.00% 30.9% --------- ----- --------- ----- --------- ------ -------- Checking Total $ 196,033 0.08% $ 170,275 0.16% $ 25,758 -0.08% 15.1% Savings Accounts $ 191,840 0.33% $ 163,157 0.69% $ 28,683 -0.36% 17.6% Money Market Accounts 54,787 0.30% 61,305 0.40% $ (6,518) -0.10% -10.6% --------- ----- --------- ----- --------- ------ -------- Total Smart Growth Deposits $ 442,660 0.22% $ 394,737 0.41% $ 47,923 -0.19% 12.1% Time Deposits $ 165,284 2.25% $ 181,517 2.60% $ (16,233) -0.35% -8.9% Total Deposits $ 607,944 0.77% $ 576,254 1.10% $ 31,690 -0.33% 5.5% FHLB Advances $ 92,514 3.93% $ 100,831 4.52% $ (8,317) -0.59% -8.2% --------- ----- --------- ----- --------- ------ -------- Total Interest- bearing liabilities $ 613,004 1.36% $ 610,277 1.79% $ 2,727 -0.43% 0.4% ========= ========= ========= Non-interest bearing Deposits $ 87,454 0.00% $ 66,808 0.00% $ 20,646 0.00% 30.9% Quarter-End Loan Quality DetailsJune 30, 2012(Dollars In Total % Special % % Thousands) Loans Classified Total Mention Total Pass Total -------- ---------- ----- ------- ----- -------- -----Commercial Loans Commercial Land $ 13,374 $ 4,590 34.3% $ 741 5.6% $ 8,043 60.1% Commercial Construction 11,732 -- 0.0% -- 0.0% 11,732 100.0% Commercial Real Estate 120,988 4,096 3.4% 1,437 1.2% 115,455 95.4% Commercial Non Real Estate 31,564 164 0.5% -- 0.0% 31,400 99.5% -------- ---------- ----- ------- ----- -------- ----- Total Commercial $177,658 $ 8,850 5.0% $ 2,178 1.2% $166,630 93.8% Residential Loans Residential Construction $ 8,288 $ -- 0.0% $ 372 4.5% $ 7,916 95.5% Residential 398,475 4,725 1.2% 329 0.1% 393,421 98.7% -------- ---------- ----- ------- ----- -------- ----- Total Residential $406,763 $ 4,725 1.1% $ 701 0.2% $401,337 98.7% Consumer Loans Mobile Homes $ 36,910 $ 437 1.2% $ -- 0.0% $ 36,473 98.8% Consumer Other 41,144 208 0.5% -- 0.0% $ 40,936 99.5% -------- ---------- ----- ------- ----- -------- ----- Total Consumer $ 78,054 $ 645 0.8% $ -- 0.0% $ 77,409 99.2% Total All Loans $662,475 $ 14,220 2.2% $ 2,879 0.4% $645,376 97.4% 

Quarter-End Loan Quality DetailsMarch 31, 2012(Dollars In Total % Special % % Thousands) Loans Classified Total Mention Total Pass Total -------- ---------- ----- ------- ----- -------- -----Commercial Loans Commercial Land $ 14,378 $ 4,262 29.6% $ 39 0.3% $ 10,077 70.1% Commercial Construction 7,729 656 8.5% 376 4.9% 6,697 86.6% Commercial Real Estate 119,446 2,111 1.8% 3,488 2.9% 113,847 95.3% Commercial Non Real Estate 26,773 208 0.8% 127 0.5% 26,438 98.7% -------- ---------- ----- ------- ----- -------- ----- Total Commercial $168,326 $ 7,237 4.3% $ 4,030 2.4% $157,059 93.3% Residential Loans Residential Construction $ 8,538 -- 0.0% -- 0.0% $ 8,538 100.0% Residential 390,540 4,346 1.1% 333 0.1% 385,861 98.8% -------- ---------- ----- ------- ----- -------- ----- Total Residential $399,078 $ 4,346 1.1% $ 333 0.1% $394,399 98.8% Consumer Loans Mobile Homes $ 36,864 $ 288 0.8% -- 0.0% $ 36,576 99.2% Consumer Other 39,057 $ 249 0.6% -- 0.0% 38,808 99.4% -------- ---------- ----- ------- ----- -------- ----- Total Consumer $ 75,921 $ 537 0.7% -- 0.0% $ 75,384 99.3% Total All Loans $643,325 $ 12,120 1.9% $ 4,363 0.7% $626,842 97.4% Quarter-End Loan Quality DetailsDecember 31, 2011 (Dollars In Total % Special % % Thousands) Loans Classified Total Mention Total Pass Total -------- ---------- ----- ------- ----- -------- -----Commercial Loans Commercial Land $ 15,163 $ 4,629 30.5% $ 64 0.4% $ 10,470 69.1% Commercial Construction 9,068 763 8.4% 379 4.2% 7,926 87.4% Commercial Real Estate 118,693 1,177 1.0% 4,237 3.6% 113,279 95.4% Commercial Non Real Estate 27,217 51 0.2% 127 0.5% 27,039 99.3% -------- ---------- ----- ------- ----- -------- ----- Total Commercial $170,141 $ 6,620 3.9% $ 4,807 2.8% $158,714 93.3% Residential Loans Residential Construction $ 9,589 $ -- 0.00% $ -- 0.0% 9,589 100.0% Residential 377,655 3,889 1.00% 181 0.0% 373,585 99.0% -------- ---------- ----- ------- ----- -------- ----- Total Residential $387,244 $ 3,889 1.00% $ 181 0.0% $383,174 99.0% Consumer Loans Mobile Homes $ 37,494 $ 495 1.3% $ -- 0.0% $ 36,999 98.7% Consumer Other 39,545 260 0.7% - 0.0% 39,285 99.3% -------- ---------- ----- ------- ----- -------- ----- Total Consumer $ 77,039 $ 755 1.0% $ -- 0.0% $ 76,284 99.0% Total All Loans $634,424 $ 11,264 1.8% $ 4,988 0.8% $618,172 97.4% ======== ========== ===== ======= ===== ======== ===== Quarter-End Loan Quality DetailsSeptember 30, 2011 (Dollars In Total % Special % % Thousands) Loans Classified Total Mention Total Pass Total -------- ---------- ----- ------- ----- -------- -----Commercial Loans Commercial Land $ 15,721 $ 4,792 30.5% $ 166 1.1% $ 10,763 68.4% Commercial Construction 9,473 1,052 11.1% 381 4.0% 8,040 84.9% Commercial Real Estate 111,558 1,848 1.7% 2,534 2.3% 107,176 96.1% Commercial Non Real Estate 27,403 58 0.2% 558 2.0% 26,787 97.8% -------- ---------- ----- ------- ----- -------- ----- Total Commercial $164,155 $ 7,750 4.7% $ 3,639 2.2% $152,766 93.1% Residential Loans Residential Construction $ 10,604 $ -- 0.0% $ -- 0.0% $ 10,604 100.0% Residential 356,950 3,320 0.9% 183 0.1% 353,447 99.0% -------- ---------- ----- ------- ----- -------- ----- Total Residential $367,554 $ 3,320 0.9% $ 183 0.1% $364,051 99.0% Consumer Loans Mobile Homes $ 38,285 $ 379 1.0% $ -- 0.0% $ 37,906 99.0% Consumer Other 40,227 248 0.6% -- 0.0% 39,979 99.4% -------- ---------- ----- ------- ----- -------- ----- Total Consumer $ 78,512 $ 627 0.8% $ -- 0.0% $ 77,885 99.2% Total All Loans $610,221 $ 11,697 1.9% $ 3,822 0.6% $594,702 97.5% ======== ========== ===== ======= ===== ======== =====

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

MarketWire

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