IBERIABANK CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY YEARS ENDED DECEMBER 31, 2002, 2001 AND 2000 The accompanying Notes to Consolidated Financial Statements are an integral part of these Financial Statements. 37 Accumulated Additional Other (dollars in thousands, Common Paid-In Retained  Unearned Comprehensive Treasury except share and per share data) Stock Capital Earnings Compensation Income Stock Total Balance, December 31, 1999 $7,381 $68,749 $ 69,065 $(5,673)$(7,124) Comprehensive income: Net income 12,975  12,975  Change in unrealized loss on securities  available for sale, net of deferred taxes 4,831 4,831  Total comprehensive income 17,806  Cash dividends declared, Common stock released by ESOP trust 340  582  922  Common stock earned by participants of recognition  and retention plan trust, including tax benefit 47  565  612  Common stock purchased by recognition and retention plan trust Compensation expense on Treasury stock acquired at cost, 300,000 shares (5,377)(5,377) Balance, December 31, 2000 7,381 69,231 77,963 (4,654)(2,293) (20,586) 127,042 Comprehensive income: Net income 14,508  14,508  Change in unrealized loss on securities  available for sale, net of deferred taxes 3,032  3,032  Total comprehensive income 17,540  Cash dividends declared, Reissuance of treasury stock under stock option plan, net of shares surrendered in payment, 29,308 shares 155  197  352  Common stock released by ESOP trust 906  546  1,452  Common stock earned by participants of recognition  and retention plan trust, including tax benefit 185  425  610  Treasury stock acquired at cost, 300,000 shares (8,414)(8,414) Balance, December 31, 2001 7,381 70,477 88,306 (3,683)739 Comprehensive income: Net income 18,453  18,453  Change in unrealized gain on securities  available for sale, net of deferred taxes 1,157  1,157  Change in accumulated net gain (loss) on  cash flow hedges, net of deferred taxes (1,184)(1,184) Total comprehensive income 18,426  Cash dividends declared, $.76 per share (4,369)(4,369) Reissuance of treasury stock under stock option plan, net of shares surrendered in payment, 52,628 shares 645  483  1,128  Common stock released by ESOP trust 1,337  509  1,846  Common stock earned by participants of recognition  and retention plan trust, including tax benefit 310  484  794  Treasury stock acquired at cost, 334,300 shares (12,644)(12,644) Balance, December 31, 2002 $7,381 $72,769 $102,390 $(2,690)$ 712