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The fair value estimates presented herein are based upon pertinent information available to management as of December 31, 2002 and 2001. Although management is not aware of any factors that would significantly affect the estimated fair value amounts, such amounts have not been comprehensively revalued for purposes of these financial statements since that date and, therefore, current estimates of fair value may differ significantly from the amounts presented herein. 

## NOTE 17 – COMPREHENSIVE INCOME: 

The following is a summary of the components of other comprehensive income: 

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## NOTE 18 – RESTRICTIONS ON DIVIDENDS, LOANS AND ADVANCES: 

The Bank is restricted under applicable laws in the payment of dividends to an amount equal to current year earnings plus undistributed earnings for the immediately preceding year, unless prior permission is received from the Commissioner of Financial Institutions for the State of Louisiana. Dividends payable without permission by the Bank in 2003 will be limited to 2003 earnings plus an additional $1,346,000. 

Accordingly, at January 1, 2003, $139,567,000 of the Company’s equity in the net assets of the Bank was restricted. Funds available for loans or advances by the Bank to the Company amounted to $11,782,000. 

## NOTE 19 - CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS: 

Condensed financial statements of IBERIABANK Corporation (parent company only) are shown below. The parent company has no significant operating activities. 

## CONDENSED BALANCE SHEETS DECEMBER 31, 2002 AND 2001 

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