TECHE HOLDING CO - FORM 8-K - EX-99 - EXHIBIT 99 - PRESS RELEASE

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8-K - FORM 8-K 4-23-12 TECHE HOLDING COMPANY - TECHE HOLDING CO	f8k_042312-0123.htm

Teche Reported 13.9% Higher EPS in Second Quarter 2012

Compared to Second Quarter 2011;

Solid Earnings Trend Continues

NEW IBERIA, LA – 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 March 31, 2012, the second quarter of fiscal year 2012.

Earnings for the quarter ended March 31, 2012 amounted to $1.7 million or $0.82 per diluted share, compared to $1.5 million or $0.72 per diluted share for the same quarter in fiscal 2011, an increase of $0.10 per diluted share, or 13.9%.

“Earnings for the six month period ended March 31, 2012 amounted to $3.5 million, or $1.67 per diluted share, compared to $3.3 million or $1.59 per diluted share, for the same period in fiscal 2011, an increase of $0.08 per diluted share, or 5.0%. “We have posted record earnings for the past three fiscal years,” said Little. “At the halfway point this year, we are ahead of last year.”

“As a result of our outstanding results over the past three years, we were recently named to Keefe, Bruyette and Wood’s (KBW) prestigious 2012 “Bank Honor Roll” for a second consecutive year and Bank Director Magazine’s “Nifty 50” rankings.

The Company reported the following points of interest:

·	Average earning assets increased 2.1% or $15.9 million to $754.0 million as compared to the linked quarter and 8.7% or $60.2 million as compared to the same quarter a year ago.

·	Total loans increased 1.4% or $8.8 million to $641.5 million at March 31, 2012 as compared to the linked quarter and 9.1% or $53.3 million as compared to a year ago.

·	Net charge offs for the quarter amounted to 0.08% of average loans.

·	SmartGrowth Deposits increased 7.7% over the linked quarter and 7.8% compared to a year ago. SmartGrowth Deposits amounted to 75.0% of total deposits, compared to 73.3% at December 31, 2011 and 71.8% a year ago.

·	Checking Account Balances increased 12.2% compared to the linked quarter and 15.5% compared to March 31, 2011.

·	The average rate paid on all deposits was 0.72% for the quarter compared to 0.76% for the linked quarter and 0.94% a year ago.

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·	Quarterly operating revenue remained stable at $11.6 million, as compared to the previous four quarters.

·	Tangible book value per share increased to $37.91, an increase of 1.2% or $0.44 for the linked quarter and 6.9% or $2.44 year-over-year.

Capital

Over the past twelve months, stockholders’ equity increased 5.9% to a record $82.2 million while assets increased 6.1% to a record $829.7 million. The tangible equity ratio at March 31, 2012 has increased to 9.50% compared to 9.49% a year ago. Tangible book value per common share has increased to a record $37.91, an increase of 6.9% compared to a year ago. Risk based capital increased to 14.12% compared to 13.94% a year ago; and the equity to asset ratio decreased to 9.90% from 9.92% a year ago.

Over the past twelve month period, total assets increased 6.1% or $47.6 million to $829.7 million.

“While we are extremely pleased that we have been able to post record earnings for three consecutive years, we also have been mindful of the possibility that interest rates could rise in the future,” said Little. “To help prepare for that, we currently maintain an asset sensitive position, primarily due to our SmartGrowth Deposits, our Consumer & Commercial Loan portfolios, our long-term advances and the long-term nature of our time deposits.”

QUARTERLY COMPARISON	Mar ‘12			Dec ‘11			Sep '11			Jun '11			Mar '11
Stockholders’ Equity (in millions)	$	82.2		$	81.1		$	80.0		$	78.6		$	77.6
Ratio of Equity to Assets		9.90	%		9.97	%		10.08	%		9.96	%	$	9.92	%
Tangible Equity Ratio		9.50	%		9.56	%		9.67	%		9.54	%		9.49	%
Total Risk-Based Capital Ratio		14.12	%		14.09	%		14.30	%		14.26	%		13.94	%
Book Value per Common Share	$	39.68		$	39.24		$	38.79		$	37.87		$	37.23
Tangible Book Value Per Common Share	$	37.91		$	37.47		$	37.02		$	36.11		$	35.47
Total Assets (in millions)	$	829.7		$	813.5		$	793.2		$	789.0		$	782.2

Asset Quality

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

Net Charge offs, ALLL, NPAs QUARTERLY COMPARISON	Mar’ 12			Dec ‘11			Sep ‘11			Jun ‘11			Mar ‘11
Net Charge-offs/Average Loans		0.08	%		0.05	%		0.09	%		0.57	%		0.09	%
ALLL*/NPLs		74.02	%		71.25	%		76.63	%		69.94	%		68.32	%
ALLL*/NPAs		71.40	%		65.30	%		67.67	%		56.45	%		60.29	%
ALLL*/Loans		1.32	%		1.33	%		1.37	%		1.39	%		1.78	%
NPAs/Assets		1.43	%		1.53	%		1.55	%		1.82	%		2.22	%

*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)	Mar ‘12		Dec ‘11		Sep '11		Jun '11		Mar '11
Beginning ALLL	$	8,392	$	8,331	$	8,123	$	10,452	$	9,953
Provision for Loan Losses		550		350		750		1,000		1,000
Net Charge-offs		492		289		542		3,329		501
Ending ALLL	$	8,450	$	8,392	$	8,331	$	8,123	$	10,452
Ending ALLL (net of specific reserves)	$	8,246	$	8,142	$	7,783	$	8,075	$	7,455

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The allowance for loan losses was 1.32% of total loans, or $8.5 million, at March 31, 2012 compared to 1.33% of total loans, or $8.4 million at December 31, 2011 and 1.78% of total loans, or $10.5 million at March 31, 2011.

Net charge-offs for the quarter were $0.5 million, or 0.08% of average loans, compared to $0.5 million or 0.09% of average loans for the same period a year ago. For the twelve months ended March 31, 2012, net charge offs were $4.7 million or 0.76% of average loans, compared to $1.8 million or 0.29% of loans for the twelve months ended March 31, 2011. The increase in our net charge-offs for twelve month period over the prior period, was due to the 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 $11.8 million, or 1.43% of total assets at March 31, 2012, compared to $12.4 million, or 1.53% of total assets at December 31, 2011 and $17.3 million, or 2.22% of total assets a year ago, primarily due to sales of real estate owned during the quarter.

Net Interest Income QUARTERLY COMPARISON (In 000’s)	Mar ‘12		Dec ‘11		Sep ‘11		Jun ‘11		Mar ‘11
Interest Income	$	9,807	$	9,766	$	9,861	$	9,758	$	9,736
Interest Expense		2,111		2,080		2,078		2,185		2,363
Net Interest Income	$	7,696	$	7,686	$	7,783	$	7,573	$	7,373

Interest income increased slightly compared to the linked quarter primarily due to growth in loan balances offset somewhat by reduced yields on loans. Interest expense increased slightly compared to the linked quarter.

Net Interest Margin and Spread QUARTERLY COMPARISON	Mar ‘12			Dec ‘11			Sep '11			Jun '11			Mar '11
Yield on Earning Assets		5.20	%		5.30	%		5.48	%		5.46	%		5.61	%
Cost of Interest Bearing Liabilities		1.31	%		1.31	%		1.36	%		1.43	%		1.57	%
Spread		3.90	%		3.99	%		4.13	%		4.03	%		4.04	%
Net Interest Margin		4.08	%		4.17	%		4.33	%		4.24	%		4.25	%

Net interest margin amounted to 4.08% for the three-month period ended March 31, 2012 compared to 4.25% for the three-months ended March 31, 2011. The decrease was primarily due to lower rates on interest earning assets offset somewhat by lower rates on interest bearing liabilities.

Spread amounted to 3.90% for the three month period ended March 31, 2012, compared to 4.04% for the same period in the previous year. Compared to the same quarter last year, average yield on earnings assets decreased 41 basis points from 5.61% to 5.20%, while the average cost of funds decreased 26 basis points from 1.57% to 1.31%.

Operating Revenue

Operating revenue for the quarter, consisting of net interest income (before provisions for loan losses) plus non-interest income, amounted to $11.6 million, which was $0.4 million higher than the same quarter in 2011.

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

Operating Revenue QUARTERLY COMPARISON (in millions)	Mar ‘12		Dec ‘11		Sep '11		Jun '11		Mar '11
Net Interest Income	$	7.7	$	7.7	$	7.8	$	7.6	$	7.4
Non Interest Income		3.9		3.8		3.8		3.9		3.8
Operating Revenue	$	11.6	$	11.5	$	11.6	$	11.5	$	11.2

Non-Interest Income

Non-interest income remained stable at $3.9 million compared to $3.8 million in the linked quarter and $3.8 million for the same quarter in 2011. Non-interest income amounted to 1.89% of average assets for the quarter, compared to 1.88% for the linked quarter and 2.03% a year ago.

Non-Interest Income & Expense QUARTERLY COMPARISON (in thousands)	Mar ‘12			Dec ‘11			Sep ‘11			Jun ‘11			Mar '11
Interchange fee Income	$	843		$	778		$	830		$	881		$	820
Other Non-Interest Income	$	3,038		$	2,990		$	2,994		$	3,009		$	3,030
Total Non-Interest Income	$	3,881		$	3,768		$	3,824		$	3,890		$	3,850
Total Non-Interest Income/Avg. Assets		1.89	%		1.88	%		1.94	%		1.99	%		2.03	%
Non-Interest Expense	$	8,445		$	8,447		$	7,855		$	7,777		$	7,918
Non-Interest Expense/Avg. Assets		4.11	%		4.21	%		3.99	%		3.99	%		4.17	%

Non-Interest Expense

For the quarter, non-interest expense was $8.4 million or 4.11% of average assets, compared to the linked quarter of $8.4 million or 4.21% of average assets with the decrease primarily due to a growth in assets. Compared to the same quarter in fiscal 2011, non-interest expense increased by $0.5 million from $7.9 million to $8.4 million, an increase of 6.7% primarily due to increases in compensation, marketing, data processing and expenses related to adjustments in values of foreclosed assets.

Net Income and Dividends

On February 23, 2012, the board of directors declared a $0.365 per share quarterly dividend, its sixty-seventh consecutive. Based on the closing price of the Company’s common stock of $37.42 on that date, the annualized dividend yield was 3.9%. Since 2003, the Company has increased dividends for nine consecutive years.

QUARTERLY COMPARISON (In 000’s)	Mar ‘12		Dec ‘11		Sep '11		Jun '11		Mar '11
Dividends Declared Per Share	$	0.365	$	0.36	$	0.36	$	0.36	$	0.36
Basic Earnings Per Common Share	$	0.83	$	0.86	$	1.02	$	0.86	$	0.73
Diluted Earnings Per Common Share	$	0.82	$	0.85	$	1.01	$	0.85	$	0.72

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Loans

QUARTERLY COMPARISON (In 000,000’s)	Mar ‘12		Dec ‘11		Sep '11		Jun '11		Mar '11
SmartGrowth Loans
Consumer	$	106.6	$	107.4	$	108.8	$	109.5	$	109.1
Commercial		208.6		213.6		209.5		201.3		207.5
Home Equity		46.5		47.3		48.8		51.3		51.0
SmartMortgages		102.2	98.2		92.9		88.0		88.8
Total SmartGrowth Loans	$	463.9	$	466.5	$	460.0	$	450.1	$	456.4
Mortgage Loans (owner occupied conforming)		177.6	166.1		148.6		133.3		131.7
Total Loans	$	641.5	$	632.6	$	608.6	$	583.4	$	588.2

Linked Quarter Comparison. Gross loans receivable increased to $641.5 million at March 31, 2012, from $632.6 million at December 31, 2011, an increase of $8.9 million, or 1.4% due primarily to increases in 15-year one-to-four family mortgage loans and adjustable rate mortgage loans offset somewhat by reductions in consumer, commercial, and home equity loans. SmartGrowth Loans, consisting of commercial loans, home equity loans, SmartMortgage loans and consumer loans, were $463.9 million, or 72.3% of total loans at March 31, 2012, compared to $466.5 million, or 73.7% at December 31, 2011, a three month decrease of $2.6 million, or 0.6%.

Commercial loan balances at March 31, 2012 amounted to $208.6 million, compared to $213.6 million at December 31, 2011, a three month decrease of $5.0 million or 2.4%. Consumer loan balances at March 31, 2012 amounted to $106.6 million, compared to $107.4 million at December 31, 2011, a linked quarter decrease of $0.8 million, or 0.7%.

One Year Comparison. Gross loans receivable increased to $641.5 million at March 31, 2012 from $588.2 million at March 31, 2011 a twelve month increase of $53.3 million, or 9.1%. SmartGrowth Loans increased to $463.9 million at March 31, 2012, from $456.5 million at March 31, 2011, a twelve month increase of $7.4 million, or 1.6%.

Commercial loan balances at March 31, 2012 amounted to $208.6 million, compared to $207.5 million at March 31, 2011 a twelve month increase of $1.1 million, or 0.5%. Consumer loan balances at March 31, 2012 amounted to $106.6 million, compared to $109.1 million at March 31, 2011 a twelve month decrease of $2.5 million, or 2.3%.

Deposits

QUARTERLY COMPARISON (In 000,000’s)	Mar ‘12		Dec ‘11		Sep '11		Jun '11		Mar '11
SmartGrowth Deposits
Checking	$	223.3	$	199.0	$	190.8	$	209.1	$	193.3
Money Market		54.8		52.0		55.0		55.3		56.6
Savings		194.9		188.3		190.7		191.6		188.8
Total SmartGrowth Deposits	$	473.0	$	439.3	$	436.5	$	456.0	$	438.7
Time Deposits		157.5		160.0		162.1		169.4		172.2
Total Deposits	$	630.5	$	599.3	$	598.6	$	625.3	$	610.9

Linked Quarter Comparison. Total deposits increased to $630.5 million at March 31, 2012, from $599.3 million at December 31, 2011, a linked quarter increase of $31.2 million or 5.2%. The Company’s SmartGrowth

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Deposit Accounts, consisting of checking accounts, money market accounts, and savings accounts increased $33.7 million to $473.0 million or 7.7% at March 31, 2012, from $439.3 million at December 31, 2011.

Checking account balances at March 31, 2012 increased $24.3 million, or 12.2%, to $223.3 million from $199.0 million at December 31, 2011.

One Year Comparison. Total deposits increased to $630.5 million at March 31, 2012, from $610.9 million at March 31, 2011, a twelve month increase of $19.6 million, or 3.2%. Total SmartGrowth Deposits increased $34.3 million, or 7.8% from $438.7 million at March 31, 2011 to $473.0 million at March 31, 2012.

SmartGrowth Deposits amounted to 75.0% of total deposits as of March 31, 2012 compared to 71.8% at March 31, 2011.

Checking account balances have increased 15.5%, or $30.0 million, in the past twelve months from $193.3 million at March 31, 2011 to $223.3 million at March 31, 2012. Checking account balances at March 31, 2012 accounted for 35.4% of total deposits compared to 31.6% of total deposits at March 31, 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 $829 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.

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TECHE HOLDING COMPANY
(Dollars in thousands, except per share data)
New Iberia, LA
Statements of Income
(UNAUDITED)
	THREE MONTHS ENDED
	Mar.			Dec.			Sep.			Jun.			Mar.
Condensed Statements of Income	2012			2011			2011			2011			2011
Interest Income	$	9,807		$	9,766		$	9,861		$	9,758		$	9,736
Interest Expense	_2,111			2,080			2,078				2,185		2,363
Net Interest Income		7,696			7,686			7,783			7,573			7,373
Provision for Loan Losses	550			350				750			1,000		1,000
Net Interest Income after
Provision for Loan Losses		7,146			7,336			7,033			6,573			6,373
Non Interest Income		3,881			3,768			3,824			3,890			3,850
Non Interest Expense	_8,445			8,447				7,855			7,777		7,918
Income Before Income Taxes		2,582			2,657			3,002			2,686			2,305
Income Taxes	874			885			900			896			792
Net Income	$	1,708		$	1,772		$	2,102		$	1,790		$	1,513
Selected Financial Data
Dividends Declared Per Share	$	0.365		$	0.36		$	0.36		$	0.36		$	0.36
Basic Earnings Per Common Share	$	0.83		$	0.86		$	1.02		$	0.86		$	0.73
Diluted Earnings Per Common Share	$	0.82		$	0.85		$	1.01		$	0.85		$	0.72
Annualized Return on Avg. Assets		0.83	%		0.88	%		1.07	%		0.92	%		0.80	%
Annualized Return on Avg. Equity		8.22	%		8.86	%		10.40	%		8.96	%		7.74	%
Annualized Return on Avg.
Tangible Equity (1)		8.61	%		9.30	%		10.90	%		9.40	%		8.13	%
Yield on Interest Earning Assets		5.20	%		5.30	%		5.48	%		5.46	%		5.61	%
Cost of Interest Bearing Liabilities		1.31	%		1.31	%		1.36	%		1.43	%		1.57	%
Spread		3.90	%		3.99	%		4.13	%		4.03	%		4.04	%
Net Interest Margin		4.08	%		4.17	%		4.33	%		4.24	%		4.25	%
Non-Interest Income/Avg. Assets		1.89	%		1.88	%		1.94	%		1.99	%		2.03	%
Non-Interest Expense/Avg. Assets		4.11	%		4.21	%		3.99	%		3.99	%		4.17	%
Quarterly Net Charge-offs/Avg. Loans		0.08	%		0.05	%		0.09	%		0.57	%		0.09	%
Weighted avg. shares Outstanding
Basic		2,067			2,059			2,064			2,073			2,072
Diluted		2,088			2,078			2,085			2,097			2,098
AVERAGE BALANCE SHEET DATA
Total Assets	$	821,582		$	803,024		$	787,782		$	780,213		$	759,993
Earning assets	$	753,980		$	738,111		$	719,384		$	714,528		$	693,747
Loans	$	636,356		$	621,073		$	591,736		$	586,420		$	589,879
Interest-bearing deposits	$	522,420		$	513,104		$	520,489		$	529,664		$	514,771
Total deposits	$	608,777		$	594,376		$	607,949		$	613,778		$	590,664
Total stockholders’ equity	$	83,095		$	79,993		$	80,857		$	79,942		$	78,197

(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	$	83,095		$	79,993		$	80,857		$	79,942		$	78,197
Less average goodwill and other intangible assets,
net of related income taxes		3,665			3,667			3,671			3,671			3,667
Average Tangible Equity	$	79,430		$	76,326		$	77,186		$	76,271		$	74,530

Net Income		1,708			1,772			2,102			1,790			1,513
Plus Amortization of core deposit
intangibles, net of related income taxes	2			2				2			3		2
Net Income, as adjusted	$	1,710		$	1,774		$	2,104		$	1,793		$	1,515

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TECHE HOLDING COMPANY
(Dollars in thousands, except per share data)
New Iberia, LA
Statements of Income
(UNAUDITED)
	FISCAL YEAR TO DATE (SIX MONTHS) ENDED
	Mar.			Mar.
	2012			2011			$Change			%Change
Interest Income	$	19,573		$	19,739		$	(166	)		-0.8	%
Interest Expense		4,191		4,905			(714		)	-14.6		%
Net Interest Income		15,382			14,834			548			3.7	%
Provision for Loan Losses	__900			2,150			(1,250		)		-58.1	%
Net Interest Income after
Provision for Loan Losses		14,482			12,684			1,798			14.2	%
Non Interest Income		7,649			7,831			(181	)		-2.3	%
Non Interest Expense		16,892			15,500			1,392			9.0	%

Income Before Income Taxes		5,239			5,015			225			4.5	%
Income Taxes		1,759			1,678		82			4.9		%
Net Income	$	3,480		$	3,337		$	143			4.3	%
Selected Financial Data
Dividends Declared Per Share	$	0.725		$	0.72		$	0.005			0.7	%
Basic Earnings Per Common Share		1.69			1.61			0.08			5.0	%
Diluted Earnings Per Common Share		1.67			1.59			0.08			5.0	%
Annualized Return on Avg. Assets		0.86	%		0.88	%		-0.02	%		-2.2	%
Annualized Return on Avg. Equity		8.54	%		8.55	%		-0.01	%		-0.1	%
Annualized Return on Avg.
Tangible Equity (1)		8.94	%		8.99	%		-0.05	%		-0.6	%
Yield on Interest Earning Assets		5.25	%		5.68	%		-0.43	%		-7.6	%
Cost of Interest Bearing Liabilities		1.31	%		1.63	%		-0.32	%		-19.6	%
Spread		3.94	%		4.05	%		-0.11	%		-2.7	%
Net Interest Margin		4.12	%		4.27	%		0.15	%		-3.5	%
Non-Interest Income/Avg. Assets		1.88	%		2.06	%		-0.18	%		-8.7	%
Non-Interest Expense/Avg. Assets		4.16	%		4.08	%		0.08	%		2.0	%
Quarterly Net Charge-offs/Avg. Loans		0.12	%		0.16	%		-0.04	%		-25.0	%
Weighted avg. shares Outstanding
Basic		2,063			2,070			(7	)		-0.3	%
Diluted		2,083			2,093			(10	)		-0.5	%
AVERAGE BALANCE SHEET DATA
Total Assets	$	812,252		$	759,920		$	52,332			6.9	%
Earning assets	$	745,806		$	695,040		$	50,766			7.3	%
Loans	$	628,673		$	592,745		$	35,928			6.1	%
Interest-bearing deposits	$	517,731		$	510,787		$	6,944			1.4	%
Total deposits	$	601,532		$	585,225		$	16,307			2.8	%
Total stockholders’ equity	$	81,536		$	78,053		$	3,483			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	$	81,536		$	78,053		$	3,483			4.5	%
Less average goodwill and other intangible assets,
net of related income taxes		3,665			3,677			(12	)		-0.3	%
Average Tangible Equity		77,871			74,376			3,495			4.7	%

Net Income		3,480			3,337			143			4.3	%
Plus Amortization of core deposit
intangibles, net of related income taxes	6			6			0			0.0		%
Net Income, as adjusted	$	3,486		$	3,343		$	143			4.3	%

Page 8 of 21

TECHE HOLDING COMPANY
(Dollars in thousands, except per share data)
New Iberia, LA
Balance Sheet
(UNAUDITED)
(Dollars in Thousands Except Share Data)
	Mar. 2012			Dec. 2011			Sep. 2011			Jun. 2011			Mar. 2011
SmartGrowth Loans
Consumer	$	106,596		$	107,399		$	108,849		$	109,476		$	109,092
Commercial		208,579			213,659			209,460			201,324			207,509
Home Equity		46,486			47,261			48,799			51,293			51,045
SmartMortgage Loans		102,228		98,221				92,910			88,019		88,799
Total SmartGrowth Loans		463,889			466,540			460,018			450,112			456,445
Mortgage Loans (owner occupied conforming)		177,566			166,088			148,584			133,264			131,708
		641,455			632,628			608,602			583,376			588,153
Allowance for Loan Losses		(8,450	)	(8,392		)	(8,331		)	(8,123		)	(10,452		)
Loans Receivable, Net		633,005			624,236			600,271			575,253			577,701

Cash and Securities		136,841			130,126			134,902			154,061			144,465
Goodwill and Other Intangibles		3,664			3,667			3,670			3,673			3,678
Foreclosed Real Estate		397			1,012			1,405			2,694			2,039
Other	55,799			54,504			52,955				53,323		54,269
TOTAL ASSETS	$	829,706		$	813,545		$	793,203		$	789,004		$	782,152

SmartGrowth Deposits
Checking	$	223,228		$	199,021		$	190,822		$	209,080		$	193,244
Money Market		54,817			52,019			54,970			55,280			56,618
Savings		194,919			188,303			190,727			191,586			188,819
Total Smart Growth Deposits		472,964			439,343			436,519			455,946			438,681
Time Deposits		157,547			159,968			162,063			169,377			172,211
Total Deposits		630,511			599,311			598,582			625,323			610,892

FHLB Advances		110,344			127,621			108,184			79,533			83,585
Other Liabilities		6,682			5,501			6,450			5,567			10,097
Stockholders’ Equity		82,169		81,112			79,987				78,581		77,578
TOTAL LIABILITIES AND
STOCKHOLDERS’ EQUITY	$	829,706		$	813,545		$	793,203		$	789,004		$	782,152

Ratio of Equity to Assets		9.90	%		9.97	%		10.08	%		9.96	%		9.92	%
Tangible Equity Ratio		9.50	%		9.56	%		9.67	%		9.54	%		9.49	%
Total Risk-Based Capital Ratio		14.12	%		14.09	%		14.30	%		14.26	%		13.94	%
Book Value per Common Share	$	39.68		$	39.24		$	38.79		$	37.87		$	37.23
Tangible Book Value Per Common Share (1)	$	37.91		$	37.47		$	37.02		$	36.11		$	35.47
Shares Outstanding (in thousands)		2,071			2,067			2,062			2,075			2,084
Non-performing Assets/Total Assets		1.43	%		1.53	%		1.55	%		1.82	%		2.22	%
ALLL/Loans		1.32	%		1.33	%		1.37	%		1.39	%		1.78	%
ALLL/NPLs		74.02	%		73.72	%		76.63	%		69.94	%		68.32	%

(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	$	82,169		$	81,112		$	79,987		$	78,581		$	77,578
Less goodwill and other Intangible
assets, net of related income taxes	(3,654		)	(3,657		)	(3,659		)		(3,661	)	(3,664		)
Tangible Stockholders’ Equity	$	78,515		$	77,455		$	76,328		$	74,920		$	73,914

Total Assets	$	829,706		$	813,545		$	793,203		$	789,004		$	782,152
Less goodwill and other Intangible
assets, net of related income taxes		(3,654	)	(3,657		)	(3,659		)		(3,661	)		(3,664	)
Total Tangible Assets	$	826,052		$	809,888		$	789,544		$	785,343		$	778,488

Page 9 of 21

Quarter-End Loan Data	Total		Net Charge-		Net Charge-			90 Days +		90 Days +
March 31, 2012	Loans		Offs		Offs			Non Accrual		Non Accrual
	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	$	11,199
90 + Days Past Due		217
OREO & Foreclosed	419
Nonperforming Assets (Net)	$	11,835
Performing TDRs		--

Page 10 of 21

Quarter-End Loan Data	Total		Net Charge-		Net Charge-			90 Days +		90 Days +
December 31, 2011	Loans		Offs		Offs			Non Accrual		Non Accrual
	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	$	10,835
90 + Days Past Due		549
OREO & Foreclosed	1,073
Nonperforming Assets (Net)	$	12,457
Performing TDRs		--

Page 11 of 21


Quarter-End Loan Data	Total		Net Charge-			Net Charge-			90 Days +		90 Days +
September 30, 2011	Loans		Offs			Offs			Non Accrual		Non Accrual
	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	$	10,079
90 + Days Past Due		793
OREO & Foreclosed	1,438
Nonperforming Assets (Net)	$	12,310
Performing TDRs	$	1,075

Page 12 of 21

Loans: Linked Quarter Comparison
Average Loan	03/31/2012		03/31/2012		12/31/2011		12/31/2011		Change			Change
Balances & Yields	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 Comparison	03/31/2012		03/31/2012		03/31/2011		03/31/2011		Change			Change
Average Loan Balances & 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%

Page 13 of 21

Loans: Linked Quarter Comparison
Average Loan	12/31/2011		12/31/2011			09/30/2011		09/30/2011			Change			Change
Balances & Yields	Balance		Yield			Balance		Yield			Balance			Yield
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 Comparison	12/31/2011		12/31/2011			12/31/2010		12/31/2010			Change			Change
Average Loan Balances & 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	%

Page 14 of 21

Loans: Linked Quarter Comparison
Average Loan	09/30/2011		09/30/2011			06/30/2011		06/30/2011			Change			Change
Balances & Yields	Balance		Yield			Balance		Yield			Balance			Yield
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 Comparison
Average Loan	09/30/2011		09/30/2011			09/30/2010		09/30/2010			Change			Change
Balances & 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	%

Page 15 of 21

Interest-bearing Liabilities: Linked Quarter Comparison
Average balances	03/31/2012		03/31/2012			12/31/2011		12/31/2011			Change			Change			%Balance
	$Balance		Avg. Yield			$Balance		Avg. Yield			$Balance			Avg. 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		03/31/2012			03/31/2011		03/31/2011			Change			Change			%Balance
	$Balance		Avg. Yield			$Balance		Avg. Yield			$Balance			Avg. 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	%

Page 16 of 21

Interest-bearing Liabilities: Linked Quarter Comparison
Average balances	12/31/2011		12/31/2011			9/30/2011		9/30/2011			Change			Change			%Balance
	$Balance		Avg. Yield			$Balance		Avg. Yield			$Balance			Avg. 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
Average balances	12/31/2011		12/31/2011			12/31/2010		12/31/2010			Change			Change			%Balance
	$Balance		Avg. Yield			$Balance		Avg. Yield			$Balance			Avg. 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	%

Page 17 of 21

Interest-bearing Liabilities: Linked Quarter Comparison
Average balances	09/30/2011		09/30/2011			06/30/2011		06/30/2011			Change			Change			%Balance
	$Balance		Avg. Yield			$Balance		Avg. Yield			$Balance			Avg. 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
Average balances	09/30/2011		09/30/2011			09/30/2010		09/30/2010			Change			Change			%Balance
	$Balance		Avg. Yield			$Balance		Avg. Yield			$Balance			Avg. 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	%

Page 18 of 21

Quarter-End Loan Quality Details
March 31, 2012	Total							Special
(In 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	%

Page 19 of 21


Quarter-End Loan Quality Details
December 31, 2011	Total							Special
(In 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	%

Page 20 of 21

Quarter-End Loan Quality Details
September 30, 2011	Total							Special
(In 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	%

Page 21 of 21

TECHE HOLDING CO - FORM 8-K - EX-99 - EXHIBIT 99 - PRESS RELEASE - April 26, 2012

Attached files

TECHE HOLDING CO Reports