Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - MIDSOUTH BANCORP INC | ex99_1.htm |
| EX-99.3 - EXHIBIT 99.3 - MIDSOUTH BANCORP INC | ex99_3.htm |
| EX-23.1 - EXHIBIT 23.1 - MIDSOUTH BANCORP INC | ex23_1.htm |
| 8-K/A - MIDSOUTH BANCORP INC 8-K A 12-28-2012 - MIDSOUTH BANCORP INC | form8ka.htm |
EXHIBIT 99.2
PSB Financial Corp
Unaudited Combined Consolidated Balance Sheet
(in thousands)
|
September 30, 2012
|
||||
|
Assets
|
||||
|
Cash and due from banks
|
$ | 22,348 | ||
|
Federal funds sold
|
5,800 | |||
|
Time Deposits in other banks
|
0 | |||
|
Securities available-for-sale
|
162,849 | |||
|
Securities held-to-maturity
|
- | |||
|
Other investments
|
2,489 | |||
|
Loans
|
269,684 | |||
|
Allowance for loan losses
|
(3,580 | ) | ||
|
Loans, net of allowance
|
266,104 | |||
|
Bank premises and equipment, net
|
11,834 | |||
|
Accrued interest receivable
|
2,055 | |||
|
Goodwill
|
3,364 | |||
|
Other assets
|
16,586 | |||
|
Total Assets
|
$ | 493,429 | ||
|
Liabilities and Stockholders' Equity
|
||||
|
Liabilities:
|
||||
|
Deposits
|
$ | 402,995 | ||
|
Notes payable
|
27,483 | |||
|
Securities sold under repurchase agreements
|
1,085 | |||
|
Junior subordinated debenture
|
13,919 | |||
|
Other liabilities
|
7,667 | |||
|
Total liabilities
|
453,149 | |||
|
Stockholders' Equity:
|
||||
|
Preferred stock
|
9,603 | |||
|
Common stock
|
720 | |||
|
Additional paid-in-capital
|
477 | |||
|
Unearned ESOP shares
|
(173 | ) | ||
|
Accumulated other comprehensive income
|
3,245 | |||
|
Treasury stock
|
- | |||
|
Retained earnings
|
26,408 | |||
|
Total stockholders' equity
|
40,280 | |||
|
Total Liabilities and Stockholders' Equity
|
$ | 493,429 | ||
PSB Financial Corp
Unaudited Combined Consolidated Statement of Operations
(in thousands)
|
September 30, 2012
|
||||
|
Interest income:
|
||||
|
Loans, including fees
|
$ | 11,003 | ||
|
Investments
|
3,208 | |||
|
Federal funds sold
|
13 | |||
|
Interest bearing deposits in other banks
|
37 | |||
|
Total interest income
|
14,261 | |||
|
Interest expense:
|
||||
|
Deposits
|
1,675 | |||
|
Other borrowings
|
559 | |||
|
Junior subordinated debentures
|
401 | |||
|
Total interest expense
|
2,635 | |||
|
Net interest income
|
11,626 | |||
|
Provision for loan losses
|
154 | |||
|
Net interest income after provision for loan losses
|
11,472 | |||
|
Non-interest income:
|
||||
|
Service charges on deposits
|
1,492 | |||
|
Gain or loss on securities, net
|
(194 | ) | ||
|
Other charges and fees
|
1,072 | |||
|
Total non-interest income
|
2,370 | |||
|
Non-interest expenses:
|
||||
|
Salaries and employee benefits
|
5,425 | |||
|
Occupancy expense
|
1,449 | |||
|
FDIC Insurance
|
229 | |||
|
Other
|
3,870 | |||
|
Total non-interest expenses
|
10,973 | |||
|
Income before income taxes
|
2,869 | |||
|
Provision for income taxes
|
703 | |||
|
Net earnings
|
$ | 2,166 | ||
|
Dividends on preferred stock
|
146 | |||
|
Net earnings available to common shareholders
|
$ | 2,020 | ||