IBERIABANK CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2002 AND 2001 (dollars in thousands, except share data) 2002 2001 Assets Cash and due from banks $ 36,555 $ 35,945  Interest-bearing deposits in banks 27,220 15,736  Total cash and cash equivalents 63,775 51,681  Investment securities: Available for sale, at fair value 309,636  219,825  Held to maturity, fair values of $60,600 and $102,116, respectively 58,486 102,082  Mortgage loans held for sale 8,683  15,867  Loans, net of unearned income 1,044,492 956,015  Allowance for loan losses (13,101) (11,117) Loans, net 1,031,391  944,898  Premises and equipment, net 18,161 19,455  Goodwill and acquisition intangibles 35,401 35,644  Other assets 45,055 37,373  Total Assets $1,570,588 $1,426,825  Liabilities Deposits: Noninterest-bearing $ 159,005 $ 154,580  Interest-bearing 1,083,227 1,082,814  Total deposits 1,242,232  1,237,394  Short-term borrowings 96,803 12,339  Long-term debt 75,458  31,437  Other liabilities 16,497 11,238  Total Liabilities 1,430,990 1,292,408  Shareholders' Equity Preferred stock, $1 par value - 5,000,000 shares authorized – –  Common stock, $1 par value - 25,000,000 shares authorized; 7,380,671 shares issued 7,381 7,381  Additional paid-in-capital 72,769 70,477  Retained earnings 102,390  88,306  Unearned compensation (2,690) (3,683) Accumulated other comprehensive income 712  739  Treasury stock at cost - 1,667,842 and 1,392,626 shares, respectively (40,964) (28,803) Total Shareholders' Equity 139,598  134,417  Total Liabilities and Shareholders' Equity $1,570,588 $1,426,825  The accompanying Notes to Consolidated Financial Statements are an integral part of these Financial Statements. 35