Third Quarter 2006 Earnings Release

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 26, 2006

WHITNEY HOLDING CORPORATION

(Exact name of registrant as specified in its charter)

Louisiana	0-1026	72-6017893
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

228 St. Charles Avenue, New Orleans, Louisiana	70130
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code

504-586-7272

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230-.425)
[ ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02

Results of Operations and Financial Condition

On October 26, 2006, Whitney Holding Corporation issued a news release announcing its financial results for the quarter ended Setpember 30, 2006 (the "News Release"). The News Release is attached as exhibit 99.1 to this report and incorporated herein by reference.

Item 9.01

Financial Statement and Exhibits.

99.1 News Release dated October 26, 2006

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

WHITNEY HOLDING CORPORATION

By:/s/ Thomas L. Callicutt, Jr.

Thomas L. Callicutt, Jr.

Executive Vice President

and Chief Financial Officer

Date: October 26, 2006

EXHIBIT INDEX

Exhibit
Number	Description

99.1	News Release dated October 26, 2006

New Orleans, Louisiana. Whitney Holding Corporation (NASDAQ—WTNY) earned $35.2 million in the quarter ended September 30, 2006, compared with net income of $9.1 million for the third quarter of 2005. Per share earnings were $.54 per basic share and $.53 per diluted share in 2006’s third quarter, compared to $.15 and $.14, respectively, for the year-earlier period. The results for the third quarter of 2006 included approximately $6.4 million in expenses associated with the late-summer hurricanes of 2005 that impacted parts of Whitney’s market area. This total included both the cost to implement initiatives that reduced the exposure of the Company’s operations to future disasters and improved operational resilience as well as certain increased operating costs and additional expenditures directly related to the 2005 storms. The components of these expenses are discussed in more detail below. The storms’ impact on the prior year’s quarterly earnings was mainly reflected in the $34 million provision for credit losses for that period and $1.1 million in casualty losses.

	portion of the increase in earning assets over the year-earlier period continued to reflect the significant influx of deposit funds that followed the later-summer hurricanes in 2005. These funds, which are experiencing some anticipated run-off, were mainly deployed in short-term investments. The overall yield on earning assets increased 90 basis points from the third quarter of 2005, despite the higher percentage of lower-yielding short-term investments in the earning asset mix in the current period. The main factor behind this yield improvement was the rise in benchmark rates for the large variable-rate segment of Whitney’s loan portfolio. The cost of funds increased 56 basis points between the third quarters of 2005 and 2006. Whitney’s efforts to control the upward market pressure on funding rates through deposit-pricing management was supported by the lingering favorable impact of the post-storm deposit build-up on the average mix of funds between these periods. The net interest margin for the third quarter of 2006 was up 8 basis points from the 5.09% margin in 2006’s second quarter, but a decline in average earning assets, prompted by the recent run-off of deposits, led to a small decrease in net interest income between these periods.
l	Average total loans for the quarter, including loans held for sale, were up 7%, or $471 million, compared to the third quarter of 2005, with approximately 5% associated with the acquisition of 1^st National Bank & Trust in April 2006. The loan portfolio balance at September 30, 2006, excluding the portfolio associated with 1^st National’s operations, was little changed from December 31, 2005, as the impact of advances on existing credits and a steady pace of newly originated loans was largely offset by paydowns and payoffs. With the funding of some recent deposit losses, as discussed below, short-term investments for the third quarter of 2006 decreased on average by $492 million from 2006’s second quarter, but were still $550 million higher than in the third quarter of 2005. Total average earning assets for the quarter were up a net 14%, or $1.16 billion, compared to the third quarter of 2005.
l	Average deposits in the third quarter of 2006 were up 16%, or $1.17 billion, compared to the third quarter of 2005, with approximately 3% related to 1^st National’s acquired operations. Total deposits at September 30, 2006, ignoring the deposits associated with 1^st National’s operations, were lower by $608 million, or 7%, compared to the total at December 31, 2005, with $342 million of the total reduction coming in the current year’s

	third quarter. Although the timing cannot be predicted, some run-off of the post-storm deposit accumulation has been expected as the recovery process continues, the inflows from insurance proceeds diminish and the initial disaster-assistance programs are completed. Significant additional government funds to cover uninsured property losses and to support the rebuilding process are becoming available in the storm-impacted markets, but only limited distributions had been made by the end of 2006’s third quarter.
l	Whitney made no overall provision for credit losses in the third quarter of 2006. The provision for credit losses includes both the provision for loan losses and the provision for loss reserves established against credit-related commitments. The Company made a $1.5 million negative provision for loan losses in the current period, compared to a $34 million provision in the third quarter of 2005 that reflected management’s initial estimate of the impact of the 2005 storms. The significant overall uncertainties that complicated management’s initial assessment of storm-related credit losses have largely been addressed in the year since the storms, and the storms’ impact on credit quality is primarily being reflected in the normal allowance determination process. Management reduced its remaining special storm-related allowance by $2.5 million in the third quarter of 2006 to reflect a sustained, better than anticipated performance by consumer credits and other loans from storm-affected areas that are not subjected to individual credit reviews. The total of loans criticized through the Company’s credit risk-rating process decreased $18 million during the third quarter of 2006, and the corresponding allowance for loan losses was reduced by $2.7 million compared to the level at June 30, 2006. Net loan charge-offs totaled $4.6 million in 2006’s third quarter, compared to $1.7 million in the third quarter of 2005. For the third quarter of 2006, Whitney provided $1.5 million for reserves on credit-related commitments, mainly related to letters of credit and unused loan facilities with a storm-affected commercial customer. There was no loss provision for credit-related commitments in the third quarter of 2005.
l	Noninterest income increased 5%, or $1.0 million, from the third quarter of 2005. Improvements were noted in a number of income categories, reflecting both internal growth and contributions from acquired operations. Bank card fees, both credit and debit cards, increased a combined 35%, or $1.0 million, compared to 2005’s third quarter, mainly reflecting higher transaction volumes. The addition of 1^st National’s

trust business, ongoing customer development efforts and improved market conditions helped increase trust service fees by 24%, or $.5 million, for the third quarter of 2006. Deposit service charge income was down 6%, or $.5 million, compared to the third quarter of 2005, as the remaining additional liquidity in the deposit base from the post-storm deposit build-up continued to reduce comparative charging opportunities in the third quarter of 2006. The categories comprising other noninterest income were stable in total compared to the third quarter of 2005.

Noninterest expense in the third quarter of 2006 increased 24%, or $17.6 million, from 2005’s third quarter. As noted earlier, the third quarter of 2006 included approximately $6.4 million in expenses associated with the late-summer hurricanes of 2005. The Company revised its disaster recovery plans and operating arrangements before the start of the 2006 hurricane season and is developing longer-range plans to make its operations more resilient, with less exposure to disasters of any type. The expense associated with these initiatives totaled approximately $4.1 million for the third quarter of 2006. This total includes both recurring items that mainly impact the occupancy, data processing and equipment, and telecommunications expense categories, and certain periodic or nonrecurring items, such as $1.1 million for professional services and $1.5 million for contingency housing contracts. These initiatives should significantly reduce the direct and indirect costs associated with future natural disasters. As a result of the catastrophic 2005 storm season, the Company saw the cost of its casualty insurance coverage increase by $.9 million for the third quarter of 2006. The difficult insurance market is impacting businesses and individuals across the Gulf Coast region, and the coverage limits available for wind damage have been reduced significantly. In addition, Whitney expensed costs and casualty and operating losses directly related to the 2005 storms totaling $.9 million in the third quarter of 2006, compared to $1.1 million in the year-earlier period. Year-to-date in 2006, these expenses totaled $4.9 million, and some additional costs will likely be incurred through the end of the year, mainly related to services to help manage insurance claims. These expenses, together with the cost of the contingency housing and a $.5 million contribution to a disaster-relief fund for the Company’s employees in the third quarter of 2006, have been reported in the total of other noninterest expense. In the third quarter of 2005, storm-related disruptions to the

operations of both Whitney and its vendors had reduced certain expense categories below normal levels.

Incremental operating costs associated with 1^st National totaled approximately $2.3 million in the third quarter of 2006, and the amortization of intangibles acquired in this transaction added another $.7 million to expense for the current year’s period. Whitney’s personnel expense increased 13%, or $5.5 million, in total. Base pay and compensation earned under sales-based and other employee incentive programs increased a combined 9%, or $2.5 million, including approximately $1.2 million for the 1^st National staff. Compensation expense under management incentive programs increased by $2.3 million in the third quarter of 2006 compared to the year-earlier period, mainly related to share-based compensation earned under Whitney’s long-term incentive plan.

This news release contains “forward-looking statements” within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements provide projections of results of operations or of financial condition or state other forward-looking information, such as expectations about future conditions and descriptions of plans and strategies for the future. The forward-looking statements made in this release include, but may not be limited to, expectations about our operational resiliency in the event of natural disasters and projections of costs associated with disasters, comments on deposit trends, the availability of government funds in areas impacted by the 2005 storms and the prospects for economic recovery in these areas, and comments on changes in credit conditions and credit quality.

Whitney’s ability to accurately project results or predict the results of operations, or the actual effect of future plans or strategies is inherently limited. Although Whitney believes that the expectations reflected in its forward-looking statements are based on reasonable assumptions, actual results and performance could differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ from those expressed in the Company’s forward-looking statements include, but are not limited to, those outlined in Whitney’s filings with the SEC, which are available at the SEC’s internet site (http://www.sec.gov).

WHITNEY HOLDING CORPORATION AND SUBSIDIARIES
FINANCIAL HIGHLIGHTS
		Third			Third		Nine Months Ended
		Quarter			Quarter		September 30
(dollars in thousands, except per share data)		2006			2005			2006			2005
INCOME DATA
Net interest income	$	119,771		$	97,685		$	354,257		$	280,673
Net interest income (tax-equivalent)		121,344			99,116			358,892			285,072
Provision for credit losses		-			34,000			2,720			37,000
Noninterest income		21,348			20,305			63,767			63,907
Net securities gains in noninterest income		-			-			-			68
Noninterest expense		89,230			71,678			251,303			210,321
Net income		35,191			9,123			110,753			67,200

AVERAGE BALANCE SHEET DATA
Loans	$	6,837,875		$	6,332,291		$	6,714,722		$	6,011,389
Investment securities		1,893,125			1,752,317			1,794,635			1,892,291
Earning assets		9,320,563			8,158,377			9,412,166			7,955,598
Total assets		10,218,601			8,999,177			10,311,510			8,688,833
Deposits		8,399,368			7,229,462			8,577,067			6,971,880
Shareholders' equity		1,095,628			966,771			1,044,540			929,561

PER SHARE DATA
Earnings per share
Basic	$	.54		$	.15		$	1.72		$	1.09
Diluted		.53			.14			1.69			1.07
Cash dividends per share	$	.27		$	.25		$	.81		$	.73
Book value per share, end of period	$	16.90		$	14.94		$	16.90		$	14.94
Trading data
High sales price	$	37.00		$	33.69		$	37.26		$	33.69
Low sales price		34.42			26.60			27.27			26.60
End-of-period closing price		35.77			27.04			35.77			27.04
Trading volume		10,339,045			18,314,726			38,469,336			34,258,321

RATIOS
Return on average assets		1.37	%		.40	%		1.44	%		1.03	%
Return on average shareholders' equity		12.74			3.74			14.18			9.67
Net interest margin		5.17			4.83			5.10			4.79
Dividend payout ratio		50.79			173.41			47.64			68.21
Average loans as a percentage of average deposits		81.41			87.59			78.29			86.22
Efficiency ratio		62.53			60.02			59.46			60.28
Allowance for loan losses as a percentage of
loans, at end of period		1.09			1.41			1.09			1.41
Nonperforming assets as a percentage of loans plus
foreclosed assets and surplus property, at end of period		.80			.69			.80			.69
Average shareholders' equity as a percentage
of average total assets		10.72			10.74			10.13			10.70
Leverage ratio, at end of period		8.35			8.45			8.35			8.45

Tax-equivalent (TE) amounts are calculated using a federal income tax rate of 35%.
The efficiency ratio is noninterest expense to total net interest (TE) and noninterest income
(excluding securities gains and losses).

WHITNEY HOLDING CORPORATION AND SUBSIDIARIES
DAILY AVERAGE CONSOLIDATED BALANCE SHEETS
		Third			Third		Nine Months Ended
		Quarter			Quarter		September 30
(dollars in thousands)		2006			2005		2006			2005
ASSETS
EARNING ASSETS
Loans	$	6,837,875		$	6,332,291		$	6,714,722		$	6,011,389
Investment securities
Securities available for sale		1,649,793			1,523,348			1,562,753			1,664,662
Securities held to maturity		243,332			228,969			231,882			227,629
Total investment securities		1,893,125			1,752,317			1,794,635			1,892,291
Federal funds sold and short-term investments		567,766			17,803			875,093			20,190
Loans held for sale		21,797			55,966			27,716			31,728
Total earning assets		9,320,563			8,158,377			9,412,166			7,955,598
NONEARNING ASSETS
Goodwill and other intangible assets		319,924			233,763			285,488			195,706
Accrued interest receivable		47,747			38,994			47,990			35,465
Other assets		611,547			627,223			653,950			559,426
Allowance for loan losses		(81,180	)		(59,180	)		(88,084	)		(57,362	)

Total assets	$	10,218,601		$	8,999,177		$	10,311,510		$	8,688,833

LIABILITIES
INTEREST-BEARING LIABILITIES
Interest-bearing deposits
NOW account deposits	$	1,035,996		$	905,054		$	1,076,615		$	902,035
Money market investment deposits		1,190,108			1,180,310			1,163,515			1,211,138
Savings deposits		1,107,258			817,981			1,165,577			782,048
Other time deposits		759,924			742,275			749,178			723,717
Time deposits $100,000 and over		1,343,005			1,186,506			1,324,122			1,087,374
Total interest-bearing deposits		5,436,291			4,832,126			5,479,007			4,706,312

Short-term and other borrowings		598,830			723,929			567,275			713,571
Total interest-bearing liabilities		6,035,121			5,556,055			6,046,282			5,419,883
NONINTEREST-BEARING LIABILITIES
Noninterest-bearing deposits		2,963,077			2,397,336			3,098,060			2,265,568
Accrued interest payable		17,513			9,260			15,549			7,614
Other liabilities		107,262			69,755			107,079			66,207
Total liabilities		9,122,973			8,032,406			9,266,970			7,759,272
SHAREHOLDERS' EQUITY		1,095,628			966,771			1,044,540			929,561

Total liabilities and shareholders' equity	$	10,218,601		$	8,999,177		$	10,311,510		$	8,688,833

EARNING ASSETS LESS
INTEREST-BEARING LIABILITIES	$	3,285,442		$	2,602,322		$	3,365,884		$	2,535,715

WHITNEY HOLDING CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
		September 30			December 31			September 30
(dollars in thousands)		2006			2005			2005
ASSETS
Cash and due from financial institutions	$	288,834		$	554,827		$	717,629
Federal funds sold and short-term investments		346,322			805,758			8,209
Loans held for sale		24,230			46,678			58,135
Investment securities
Securities available for sale		1,733,215			1,413,763			1,490,091
Securities held to maturity		247,449			227,688			228,935
Total investment securities		1,980,664			1,641,451			1,719,026
Loans		6,852,640			6,560,597			6,462,623
Allowance for loan losses		(74,633	)		(90,028	)		(90,946	)
Net loans		6,778,007			6,470,569			6,371,677
Bank premises and equipment		173,905			151,978			154,443
Goodwill		292,526			204,089			204,089
Other intangible assets		26,072			26,304			28,559
Accrued interest receivable		47,198			52,808			46,290
Other assets		140,417			154,544			123,196
Total assets	$	10,098,175		$	10,109,006		$	9,431,253

LIABILITIES
Noninterest-bearing demand deposits	$	2,864,705		$	3,301,227		$	2,668,493
Interest-bearing deposits		5,334,995			5,303,609			4,810,428
Total deposits		8,199,700			8,604,836			7,478,921

Short-term and other borrowings		626,398			433,350			904,198
Accrued interest payable		16,096			10,538			8,292
Other liabilities		142,870			99,239			94,613
Total liabilities		8,985,064			9,147,963			8,486,024
SHAREHOLDERS' EQUITY
Common stock, no par value		2,800			2,800			2,800
Capital surplus		340,786			250,174			248,043
Retained earnings		796,645			738,655			719,341
Accumulated other comprehensive income		(20,889	)		(21,223	)		(14,329	)
Treasury stock at cost		(6,231	)		(9,363	)		(10,626	)
Total shareholders' equity		1,113,111			961,043			945,229
Total liabilities and shareholders' equity	$	10,098,175		$	10,109,006		$	9,431,253



WHITNEY HOLDING CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
		Third		Third	Nine Months Ended
		Quarter		Quarter	September 30
(dollars in thousands, except per share data)		2006		2005		2006			2005
INTEREST INCOME
Interest and fees on loans	$	131,230	$	103,152	$	369,390		$	279,063
Interest and dividends on investments		20,855		17,595		57,781			57,583
Interest on federal funds sold and
short-term investments		7,365		163		30,470			456
Total interest income		159,450		120,910		457,641			337,102
INTEREST EXPENSE
Interest on deposits		33,196		17,949		87,047			43,752
Interest on short-term and other borrowings		6,483		5,276		16,337			12,677
Total interest expense		39,679		23,225		103,384			56,429
NET INTEREST INCOME		119,771		97,685		354,257			280,673
PROVISION FOR CREDIT LOSSES		-		34,000		2,720			37,000
NET INTEREST INCOME AFTER PROVISION
FOR CREDIT LOSSES		119,771		63,685		351,537			243,673
NONINTEREST INCOME
Service charges on deposit accounts		7,337		7,805		20,819			24,396
Bank card fees		3,855		2,861		11,213			8,502
Trust service fees		2,864		2,318		8,159			7,126
Secondary mortgage market operations		1,240		1,274		4,192			3,609
Other noninterest income		6,052		6,047		19,384			20,206
Securities transactions		-		-		-			68
Total noninterest income		21,348		20,305		63,767			63,907
NONINTEREST EXPENSE
Employee compensation		38,106		33,302		109,089			97,947
Employee benefits		8,832		8,110		26,561			24,817
Total personnel		46,938		41,412		135,650			122,764
Net occupancy		8,162		6,026		21,075			16,820
Equipment and data processing		5,778		4,387		14,976			13,267
Telecommunication and postage		2,580		2,250		7,826			6,576
Corporate value and franchise taxes		2,237		1,951		6,633			5,856
Legal and other professional services		3,601		1,353		7,865			4,734
Amortization of intangibles		2,794		2,290		7,680			6,006
Other noninterest expense		17,140		12,009		49,598			34,298
Total noninterest expense		89,230		71,678		251,303			210,321
INCOME BEFORE INCOME TAXES		51,889		12,312		164,001			97,259
INCOME TAX EXPENSE		16,698		3,189		53,248			30,059

NET INCOME	$	35,191	$	9,123	$	110,753	$		67,200

EARNINGS PER SHARE
Basic	$	.54	$	.15	$	1.72		$	1.09
Diluted		.53		.14		1.69			1.07


WEIGHTED-AVERAGE SHARES OUTSTANDING
Basic		65,444,539		62,699,332		64,399,751			61,764,918
Diluted		66,591,530		63,579,123		65,589,410			62,757,756

CASH DIVIDENDS PER SHARE	$	.27	$	.25	$	.81		$	.73

WHITNEY HOLDING CORPORATION AND SUBSIDIARIES
SUMMARY OF INTEREST RATES (TAX-EQUIVALENT)*
	Third		Second		Third		Nine Months Ended
	Quarter		Quarter		Quarter		September 30
	2006		2006		2005		2006		2005
EARNING ASSETS

Loans**	7.61	%	7.35	%	6.42	%	7.34	%	6.18	%
Investment securities	4.67		4.57		4.29		4.57		4.33
Federal funds sold and short-term investments	5.15		4.66		3.61		4.66		3.02
Total interest-earning assets	6.86	%	6.54	%	5.96	%	6.56	%	5.74	%

INTEREST-BEARING LIABILITIES

Interest-bearing deposits
NOW account deposits	.88	%	.66	%	.56	%	.71	%	.51	%
Money market investment deposits	2.67		1.90		1.08		2.06		.93
Savings deposits	1.03		1.03		.84		1.02		.64
Other time deposits	3.11		2.89		1.87		2.85		1.64
Time deposits $100,000 and over	4.14		3.93		2.74		3.90		2.37
Total interest-bearing deposits	2.42		2.10		1.47		2.12		1.24


Short-term and other borrowings	4.30		3.78		2.89		3.85		2.38
Total interest-bearing liabilities	2.61	%	2.25	%	1.66	%	2.29	%	1.39	%

NET INTEREST SPREAD (tax-equivalent)
Yield on earning assets less cost of interest-
bearing liabilities	4.25	%	4.29	%	4.30	%	4.27	%	4.35	%

NET INTEREST MARGIN (tax-equivalent)
Net interest income (tax-equivalent) as a
percentage of average earning assets	5.17	%	5.09	%	4.83	%	5.10	%	4.79	%

COST OF FUNDS
Interest expense as a percentage of average interest-
bearing liabilities plus interest-free funds	1.69	%	1.45	%	1.13	%	1.46	%	.95	%
* Based on a 35% tax rate.
** Net of unearned income, before deducting the allowance for loans losses and including loans
held for sale and loans accounted for on a nonaccrual basis.

WHITNEY HOLDING CORPORATION AND SUBSIDIARIES
CREDIT QUALITY
		Third			Third		Nine Months Ended
		Quarter			Quarter		September 30
(dollars in thousands)		2006			2005			2006			2005
ALLOWANCE FOR LOAN LOSSES
Allowance at beginning of period	$	80,715		$	58,647		$	90,028		$	54,345
Allowance of acquired banks		-			-			2,908			3,648
Provision for credit losses		(1,500	)		34,000			1,500			37,000
Loans charged off		(5,263	)		(2,850	)		(22,406	)		(8,839	)
Recoveries on loans previously charged off		681			1,149			2,603			4,792
Net loans charged off		(4,582	)		(1,701	)		(19,803	)		(4,047	)
Allowance at end of period	$	74,633		$	90,946		$	74,633		$	90,946

Annualized net charge-offs as a percentage
of average loans		.27	%		.11	%		.39	%		.09	%

Annualized gross charge-offs as a percentage of
average loans		.31	%		.18	%		.44	%		.20	%

Recoveries as a percentage of gross charge-offs		12.94	%		40.32	%		11.62	%		54.21	%

Allowance for loan losses as a percentage of
loans, at end of period		1.09	%		1.41	%		1.09	%		1.41	%

RESERVE FOR LOSSES ON
UNFUNDED CREDIT COMMITMENTS
Reserve at beginning of period	$	300		$	-		$	580		$	-
Provision for credit losses		1,500			-			1,220			-
Reserve at end of period	$	1,800		$	-		$	1,800		$	-

	September 30				June 30			December 31			September 30
(dollars in thousands)	2006				2006			2005			2005
NONPERFORMING ASSETS
Loans accounted for on a nonaccrual basis	$	54,277		$	56,188		$	65,565		$	43,763
Restructured loans		-			-			30			30
Total nonperforming loans		54,277			56,188			65,595			43,793
Foreclosed assets and surplus property		301			695			1,708			794
Total nonperforming assets	$	54,578		$	56,883		$	67,303		$	44,587

Nonperforming assets as a percentage of loans plus foreclosed assets and surplus proterty,
at end of period		.80	%		.83	%		1.03	%		.69	%

Allowance for loan losses as a percentage of
nonaccruing loans, at end of period		138	%		144	%		137	%		208	%

Allowance for loan losses as a percentage of
nonperforming loans, at end of period		138	%		144	%		137	%		208	%

Loans 90 days past due still accruing	$	8,963		$	7,354		$	13,728		$	5,358

Loans 90 days past due still accruing as a
percentage of loans, at end of period		.13	%		.11	%		.21	%		.08	%

CONTACT: Thomas L. Callicutt, Jr.	FOR IMMEDIATE RELEASE
Trisha Voltz Carlson	October 26, 2006
504/299-5208
tcarlson@whitneybank.com