EX-99.1 2 d660072dex991.htm EX-99.1 EX-99.1
BancorpSouth, Inc.
Acquisition of Central Community Corporation 
First State Bank Central Texas
January 22, 2014
Exhibit 99.1

Forward Looking Information
Certain statements contained in this presentation and the accompanying slides may not be based on historical facts and are “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.  These forward-looking statements may be identified by reference to a future period or by the use of forward-looking terminology,
such as “anticipate,” “believe,” “estimate,” “expect,” “foresee,” “may,” “might,” “will,” “intend,” “could,” “would” or “plan,” or future or conditional verb tenses, and variations or negatives of such terms. These forward-
looking statements include, without limitation, statements about the terms and closing of the proposed transaction with Central Community Corporation, acceptance by customers of Central Community Corporation of
BancorpSouth’s products and services, the opportunities to enhance market share in certain markets and market acceptance of BancorpSouth generally in new markets.  We caution you not to place undue reliance on
the forward-looking statements contained in this news release, in that actual results could differ materially from those indicated in such forward-looking statements as a result of a variety of factors.  These factors
include, but are not limited to, the ability to obtain required shareholder and regulatory approvals for the merger, the ability of BancorpSouth and Central Community Corporation to close the merger, BancorpSouth’s
ability to successfully integrate the operations of First State Bank Central Texas after the merger, the ability of BancorpSouth to provide competitive services and products in new markets and grow market share in
existing markets, the ability of BancorpSouth to assimilate and retain key personnel after the merger, conditions in the financial markets and economic conditions generally, the adequacy of BancorpSouth’s provision
and allowance for credit losses to cover actual credit losses, the credit risk associated with real estate construction, acquisition and development loans, losses resulting from the significant amount of BancorpSouth’s
other real estate owned, limitations on BancorpSouth’s ability to declare and pay dividends, the impact of legal or administrative proceedings, the availability of capital on favorable terms if and when needed, liquidity
risk, governmental regulation and supervision of BancorpSouth’s operations, the short-term and long-term impact of changes to banking capital standards on BancorpSouth’s regulatory capital and liquidity, the impact
of regulations on service charges on BancorpSouth’s core deposit accounts, the susceptibility of BancorpSouth’s business to local economic or environmental conditions, the soundness of other financial institutions,
changes in interest rates, the impact of monetary policies and economic factors on BancorpSouth’s ability to attract deposits or make loans, volatility in capital and credit markets, reputational risk, the impact of
hurricanes or other adverse weather events, any requirement that BancorpSouth write down goodwill or other intangible assets, diversification in the types of financial services BancorpSouth offers, BancorpSouth’s
ability to adapt its products and services to evolving industry standards and consumer preferences, competition with other financial services companies, BancorpSouth’s growth strategy, interruptions or breaches in
BancorpSouth’s information system security, the failure of certain third party vendors to perform, unfavorable ratings by rating agencies, dilution caused by BancorpSouth’s issuance of additional shares of its common
stock to raise capital or acquire other banks, bank holding companies, financial holding companies and insurance agencies,, other factors generally understood to affect the financial results of financial services
companies and other factors detailed from time to time in the Company’s press releases and filings with the Securities and Exchange Commission.  Forward-looking statements speak only as of the date they were
made, and, except as required by law, we do not undertake any obligation to update or revise forward-looking statements to reflect events or circumstances after the date of this presentation. Certain tabular
presentations may not reconcile because of rounding. Unless otherwise noted, any quotes in this presentation can be attributed to company management.  
Any pro forma information presented herein, while helpful in illustrating certain characteristics of the combined companies based on certain assumptions, does not reflect the impact of, for example, asset dispositions or
runoff, that may result as a consequence of the business combination and, accordingly, does not attempt to predict or suggest future results.  It also does not necessarily reflect what the historical loan composition of
the combined operations would have been had the companies been combined as of the date indicated.  If not otherwise attributed to a particular source, factual information was obtained or derived from third-party
public sources believed by BancorpSouth management to be reliable, but BancorpSouth has not undertaken an independent review to verify the accuracy of this information as of the date of this presentation.   To the
extent that such information predicts future results, BancorpSouth can make no assurance that such results will occur. 
In connection with the proposed merger of Central Community Corporation with and into BancopSouth, BancorpSouth will file a registration statement on Form S-4 with the Securities and Exchange
Commission.  Shareholders of BancorpSouth and Central Community Corporation are encouraged to read the registration statement, including the proxy statement/prospectus that will be a part of the
registration statement, because it will contain important information about the merger, BancorpSouth and Central Community Corporation  After the registration statement is filed with the SEC, the proxy
statement/prospectus and other relevant documents will be available for free on the SEC’s web site (www.sec.gov), and the proxy statement/prospectus will also be made available for free from the
Corporate Secretary of each of BancorpSouth and Central Community Corporation 
In connection with the proposed merger of Ouachita Bancshares Corp. with and into BancorpSouth, BancorpSouth will file a registration statement on Form S-4 with the Securities and Exchange
Commission.  Shareholders of BancorpSouth and Ouachita Bancshares Corp. are encouraged to read the registration statement, including the proxy statement/prospectus that will be a part of the
registration statement, because it will contain important information about the merger, BancorpSouth and Ouachita Bancshares Corp. After the registration statement is filed with the SEC, the proxy
statement/prospectus and other relevant documents will be available for free on the SEC’s web site (www.sec.gov), and the proxy statement/prospectus will also be made available for free from the
Corporate Secretary of each of BancorpSouth and Ouachita Bancshares Corp.

3
Strategic Rationale
Largest independent bank headquartered in Austin, TX
Expands the Company’s current east Texas footprint into the
central Texas market
Enhances the Company’s current Texas deposit market share
from 65
th
to 29
th
Improves overall demographic profile of our Company
Provides future consolidation and growth
opportunities in Texas with over 600 banks currently in
the state
Similar cultures and operating styles
Meaningful accretion to earnings per share

Footprint Expansion
4
BancorpSouth (256)
Ouachita* (12)
First State Bank (31)
Source:
SNL
Financial
*Merger
of
Ouachita
Bancshares
Corp.
with
and
into
BancorpSouth
expected
to
close
during
the
second
quarter
of
2014

First State Bank -
Footprint
5
Source:  SNL Financial
BancorpSouth (0)
First State Bank (31)

6
First State Bank -
Austin
Source:  SNL Financial
BancorpSouth (0)
First State Bank (9)

7
Market Overview
Texas Economy
Contains four of the top ten fastest growing cities in the US
Projected to have 40 million residents by 2030
In
the
past
10
years,
Texas
has
added
732,000
jobs
–
No
other
state
tops
100,000
A little
less
than
half
of
the
jobs
created
in
the
US
since
2001
have
been
in
Texas
Home to more Fortune 1000 companies than any other state
In 2012, Texas RGDP grew by 3.2% compared to 2.2% for the US
Texas unemployment fell by more than 442,000 during the recession
Sales tax collections have increased for 41 consecutive months
Texas
has
the
11
th
largest
GDP
in
the
world,
if
it
were
considered
its
own
country
Austin and Surrounding Area
No.
1
economy
in
the
U.S.
based
on
the
economic
rankings
of
The
Business
Journals’
On
Numbers
report
14
th
largest city in the US
University
of
Texas
–
24,000
faculty
and
staff;
52,000
students;
annual
budget
of
$2.2
billion
Private-sector job base has grown by 11.2% since 2008, the highest five-year growth rate in the nation
#8 on Bloomberg Business Week’s list of America’s 50 Best Cities
#6 on Kiplinger’s list of Best Cities to Live, Work, and Play
Five-year earnings growth of 17.8%
One-year house appreciation of 7.7%
Information obtained from third-party public sources

8
Deposit Market Share
Market
BXS Market
Share Rank
6/30/13
Total BXS
Deposits
6/30/13
Percentage
of Total
Company
Deposits
BXS Market
Share 2013
(%)
Ouachita
Bancshares
Corp.
Deposits
6/30/13
Central
Community
Corp.
Deposits
6/30/13
Pro Forma
Deposits
6/30/13
Pro Forma
Percentage of
Total
Company
Deposits
Pro Forma
Market Share
Rank 6/30/13
Pro Forma
Market Share
2013 (%)
Market YoY
Deposit
Growth
2013 (%)
Mississippi
3
5,069,157
$  
46.4%
10.6%
-
$                 
-
$                 
5,069,157
$   
40.7%
3
10.6%
2.6%
Texas
65
826,576
7.6%
0.1%
-
977,625
1,804,201
14.5%
29
0.3%
8.9%
Arkansas
7
1,733,083
15.9%
3.3%
-
-
1,733,083
13.9%
7
3.3%
-0.5%
Louisiana
11
955,359
8.7%
1.0%
533,685
-
1,489,044
12.0%
7
1.6%
5.3%
Tennessee
15
1,184,566
10.8%
1.0%
-
-
1,184,566
9.5%
15
1.0%
0.1%
Alabama
13
824,116
7.5%
1.0%
-
-
824,116
6.6%
13
1.0%
1.8%
Missouri
66
317,286
2.9%
0.2%
-
-
317,286
2.6%
66
0.2%
6.2%
Florida
246
19,351
0.2%
0.0%
-
-
19,351
0.2%
246
0.0%
4.1%
Total
10,929,494
$ 
100.0%
533,685
$      
977,625
$     
12,440,804
$ 
100.0%
6/30/13 Deposit Market Share ($ in thousands)
Source:
SNL
Financial
Note:
Deposit
data
as
of
6/30/13
Merger
of
Ouachita
Bancshares
Corp.
with
and
into
BancorpSouth
expected
to
close
during
the
second
quarter
of
2014

9
Branch Listing
Branch Address
City
Total
Deposits
2013 ($000)
23
101 E Polk St
Burnet
28,550
$    
24
617 US Hwy 281
Marble Falls
39,077
      
67,627
$    
25
111 6th St
Chilton
6,830
$      
26
1301 Fisher St
Goldthwaite
26,238
      
27
200 S Bell St
Hamilton
52,199
      
28
14550 W RR 1431
Kingsland
21,393
      
29
907 Ford St
Llano
21,039
      
30
164 Live Oak St
Marlin
48,689
      
31
215 Westmoreland St
Mason
16,049
      
192,437
$  
TOTAL DEPOSITS
977,625
$  
MARBLE FALLS
OTHER
Source:  SNL Financial
Note:  Deposit data as of 6/30/13
Branch Address
City
Total
Deposits
2013 ($000)
1
6500 N MoPac
Austin
64,441
$    
2
5501 W Hwy 290
Austin
43,901
      
3
3951 W Parmer Ln
Austin
17,882
      
4
1115A Main St
Buda
11,207
      
5
207 N Main St
Elgin
13,013
      
6
711 San Gabriel Village Blvd
Georgetown
51,322
      
7
201 E Davilla St
Granger
15,107
      
8
120 Ed Schmidt Blvd
Hutto
8,089
        
9
1620 Grand Avenue Pkwy
Pflugerville
21,798
      
10
505 E Palm Valley Blvd
Round Rock
14,881
      
11
813 N Main St
Taylor
27,352
      
288,993
$  
12
206 S Dalton St
Bartlett
24,052
$    
13
2855 N Main St
Belton
21,152
      
14
181 W Hwy 190
Copperas Cove
2,565
        
15
661 W Central Texas Expy
Harker Heights
62,484
      
16
206 S Key Ave
Lampasas
52,314
      
17
450 N Hwy 95
Little River-Academy
13,410
      
18
101 N 4th St
Lometa
22,671
      
19
50 S Main St
Salado
66,586
      
20
5550 SW H K Dodgen Loop
Temple
145,870
    
21
402 N Main St
Temple
15,244
      
22
1150 Canyon Creek Dr
Temple
2,220
        
428,568
$  
AUSTIN-ROUND ROCK
KILLEEN-TEMPLE-FORT HOOD

10
Central Community Corporation Deposit Market Share
Source:  SNL Financial
Note:  Deposit data as of 6/30/13
Total Deposit
Rank 2013
Parent Company Name
Parent City
Parent State
Total Active
Branches
2013
Total Deposits
2013 ($000)
Total Deposit
Market Share
2013 (%)
YoY Deposit
Growth 2013
(%)
1
Wells Fargo & Co.
San Francisco
CA
72
6,658,833
$    
21.98
9.69
2
Bank of America Corp.
Charlotte
NC
40
5,092,558
      
16.81
16.51
3
JPMorgan Chase & Co.
New York
NY
67
4,766,530
      
15.73
7.31
4
Cullen/Frost Bankers Inc.
San Antonio
TX
15
2,109,788
      
6.96
10.70
5
Banco Bilbao Vizcaya Argentaria SA
Bilbao
-
31
1,993,821
      
6.58
18.67
17
Central Community Corp.
Temple
TX
11
288,993
        
0.95
12.01
1
Extraco Corp.
Waco
TX
10
686,240
$       
17.31
4.00
2
First Community Bancshares Inc.
Killeen
TX
25
641,847
        
16.19
9.40
3
Banco Bilbao Vizcaya Argentaria SA
Bilbao
-
5
476,650
        
12.02
15.56
4
National United Bancshares Inc.
Gatesville
TX
6
428,662
        
10.81
5.98
5
Central Community Corp.
Temple
TX
11
428,568
        
10.81
4.69
1
First State Bank of Burnet
Burnet
TX
2
163,986
$       
22.47
10.94
2
North American Bancshares Inc.
Sherman
TX
1
133,994
        
18.36
(0.82)
3
International Bancshares Corp.
Laredo
TX
1
69,033
          
9.46
(16.00)
4
Central Community Corp.
Temple
TX
2
67,627
          
9.26
29.77
5
Wells Fargo & Co.
San Francisco
CA
1
61,992
          
8.49
5.77
AUSTIN-ROUND ROCK
KILLEEN-TEMPLE-FORT HOOD
MARBLE FALLS
6/30/13 Deposit Market Share ($ in thousands)

Financial Highlights –
Central Community Corporation
11
•
Largest independent bank
headquartered in Austin, TX
•
Operates 31 locations in
the Central Texas market
•
Diverse and economically
attractive markets
Source:  SNL Financial
As of
Dollars in thousands
12/31/10
12/31/11
12/31/12
9/30/13
Balance Sheet
Total Assets
1,109,781
$  
1,151,910
$  
1,218,347
$  
1,310,971
$   
Total Loans & Leases (Excl HFS)
600,356
568,738
559,877
544,200
Securities
358,298
452,190
519,782
605,204
Deposits
866,119
880,977
937,356
1,016,675
Total Equity
126,860
141,943
155,805
128,425
Tangible Equity
113,907
129,911
144,544
117,636
Balance Sheet Ratios
Loans / Deposits (%)
69.32
64.56
59.73
53.53
Tangible Equity / Tangible Assets (%)
10.39
11.40
11.97
9.05
Leverage Ratio (%)
12.09
12.20
12.45
10.78
Tier 1 Capital Ratio (%)
16.82
18.95
20.03
17.29
Total Capital Ratio (%)
18.85
20.76
21.56
18.80
Income Statement
Net Interest Income
37,275
$      
36,411
$      
36,119
$      
29,687
$       
Provision Expense
5,515
3,320
225
-
Noninterest Income
9,841
10,561
13,090
11,041
Securities Gains (Losses)
1,160
(2,983)
(185)
44
Noninterest Expense
33,095
31,569
32,685
24,434
Net Income
7,147
7,250
11,654
11,605
Profitability Ratios
Return on Average Assets (%)
0.68
0.65
0.99
1.24
Returne on Average Tangible Equity (%)
7.13
6.36
8.92
11.93
Net Interest Margin -
FTE (%)
4.22
3.89
3.62
3.80
Efficiency Ratio (%)
65.27
62.56
61.89
56.70
Fee Income / Operating Revenue (%)
20.89
22.48
26.60
27.11
Year ended

12
Pro Forma Loan Composition
Loan Portfolio ($000)
Amount
%
Loan Portfolio ($000)
Amount
%
Loan Portfolio ($000)
Amount
%
Loan Portfolio ($000)
Amount
%
Commercial and industrial
1,503,809
$
17.1%
Commercial and industrial
81,395
$  
17.6%
Commercial and industrial
112,802
$
20.7%
Commercial and industrial
1,698,006
$
17.4%
Real estate
Real estate
Real estate
Real estate
   Consumer mortgages
1,931,171
  
22.0%
   Consumer mortgages
63,756
    
13.8%
   Consumer mortgages
37,131
    
6.8%
   Consumer mortgages
2,032,058
  
20.8%
   Home equity
490,361
     
5.6%
   Home equity
18,159
    
3.9%
   Home equity
-
            
0.0%
   Home equity
508,520
     
5.2%
   Agricultural
234,547
     
2.7%
   Agricultural
27,381
    
5.9%
   Agricultural
35,253
    
6.5%
   Agricultural
297,181
     
3.0%
   Commercial and industrial-owner occupied
1,422,077
  
16.2%
   Commercial and industrial-owner occupied
96,740
    
20.9%
   Commercial and industrial-owner occupied
161,338
  
29.7%
   Commercial and industrial-owner occupied
1,680,155
  
17.2%
   Construction, acquisition and development
723,609
     
8.2%
   Construction, acquisition and development
37,903
    
8.2%
   Construction, acquisition and development
81,137
    
14.9%
   Construction, acquisition and development
842,649
     
8.6%
   Commercial real estate
1,795,352
  
20.5%
   Commercial real estate
127,863
  
27.7%
   Commercial real estate
90,235
    
16.6%
   Commercial real estate
2,013,450
  
20.6%
Credit cards
105,112
     
1.2%
Credit cards
-
            
0.0%
Credit cards
-
            
0.0%
Credit cards
105,112
     
1.1%
All other
567,077
     
6.5%
All other
9,129
     
2.0%
All other
26,210
    
4.8%
All other
602,416
     
6.2%
Total loans
8,773,115
$
100.0%
Total loans
462,326
$
100.0%
Total loans
544,106
$
100.0%
Total loans
9,779,547
$
100.0%
Yield on Loans:  4.55%
Yield on Loans:  5.37%
Yield on Loans:  5.59%
Yield on Loans:  4.65%
BancorpSouth, Inc.
Ouachita Bancshares Corp.
Central Community Corp.
Pro Forma
Commercial and
industrial
17.4%
Consumer mortgages
20.8%
Home equity
5.2%
Agricultural
3.0%
Commercial and
industrial-owner occupied
17.2%
Construction,
acquisition and
development
8.6%
Commercial real estate
20.6%
Credit cards
1.1%
All other
6.2%
Commercial and     
industrial           
17.1%
Consumer     
mortgages       
22.0%
Home     
equity     
5.6%
Agricultural
2.7%
Commercial and           
industrial-owner occupied     
16.2%
Construction, acquisition     
and development             
8.2%
Commercial     
real estate       
20.5%
Credit cards
1.2%
All other
6.5%
Commercial and
industrial           
20.7%
Consumer
mortgages   
6.8%
Agricultural
6.5%
Commercial and
industrial-owner
occupied               
29.7%
Construction,
acquisition and
development         
14.9%
Commercial real
estate
16.6%
All other
4.8%
Commercial and
industrial
17.6%
Consumer mortgages
13.8%
Home equity
3.9%
Agricultural
5.9%
Commercial and
industrial-owner
occupied
20.9%
Construction,
acquisition and
development
8.2%
Commercial real
estate
27.7%
All other
2.0%
Pro
forma
information
excludes
purchase
accounting
adjustments
but
includes
adjustments
related
to
divestitures
Loan
yields
represent
weighted
average
yields
for
the
quarter
ended
9/30/13
Based
on
Call
Reports
filed
by
BancorpSouth,
Ouachita
Bancshares
Corp.,
and
Central
Community
Corporation
as
of
9/30/13

13
Pro Forma Deposit Composition
Central Community Corp.
BancorpSouth, Inc.
Ouachita Bancshares Corp.
Pro Forma
Deposit Portfolio ($000)
Amount
%
Deposit Portfolio ($000)
Amount
%
Deposit Portfolio ($000)
Amount
%
Deposit Portfolio ($000)
Amount
%
Non-Interest Bearing Demand
2,597,762
$ 
24.2%
Non-Interest Bearing Demand
159,207
$
28.7%
Non-Interest Bearing Demand
323,992
$  
31.8%
Non-Interest Bearing Demand
3,080,961
25.1%
Interest-Bearing Demand
4,493,359
41.9%
Interest-Bearing Demand
182,975
33.0%
Interest-Bearing Demand
307,707
30.2%
Interest-Bearing Demand
4,984,041
40.5%
Savings
1,220,227
11.4%
Savings
93,020
16.8%
Savings
45,193
4.4%
Savings
1,358,440
11.1%
Other Time
2,406,598
22.5%
Other Time
119,938
21.6%
Other Time
342,491
33.6%
Other Time
2,869,027
23.3%
Total deposits
10,717,946
$
100.0%
Total deposits
555,140
$
100.0%
Total deposits
1,019,383
$
100.0%
Total deposits
12,292,469
$
100.0%
Cost of Deposits:  0.29%
Cost of Deposits:  0.36%
Cost of Deposits:  0.54%
Cost of Deposits:  0.36%
Non-Interest Bearing
Demand 28.7%
Interest-Bearing Demand 33.0%
Savings 16.8%
Other Time 21.6%
Non-Interest Bearing
Demand 24.2%
Interest-Bearing Demand 41.9%
Savings 11.4%
Other Time 22.5%
Non-Interest Bearing
Demand 31.8%
Interest-Bearing Demand 30.2%
Savings 4.4%
Other Time 33.6%
Non-Interest Bearing   
Demand 25.1%
Interest-Bearing Demand 40.5%
Savings 11.1%
Other Time 23.3%
$  
Pro forma information excludes purchase accounting adjustments but includes adjustments related to divestitures
Deposit costs represent weighted average costs for the quarter ended 9/30/13

14
Credit Quality
Loan portfolio summary
Granular loan portfolio
•
Over 4,500 individual loans
•
Average loan size approximately $115,000
Asset quality metrics (as of 9/30/13)*
•
NPLs/loans –
2.63%
•
NPAs/total assets –
3.42%
Allowance for loan losses –
$14.5 million
Scope of diligence work
Performed on-site by internal diligence team
Performed detailed loan file reviews on approximately 80% of outstanding loan balances and
commitments
Reviewed substantially all NPLs and NPAs
Performed diligence on largest borrowers, troubled debt restructurings, participations bought and sold,
etc.
Results of diligence work
*Source:  SNL Financial
Preliminary total credit mark estimated at $32 million ($17.5 million net of ALLL)
Other real estate mark estimated at $3.5 million

15
Transaction Terms
Merger Partner:
Central Community Corporation
Aggregate Deal Value:
$209.5 million
Consideration Structure:
7,250,000 shares of BancorpSouth, Inc. and $28.5 million of cash
Consideration Mix:
87% stock / 13% cash
Required Approvals:
Customary regulatory approval; Central Community Corporation shareholder approval
Due Diligence:
Complete
Anticipated Closing:
Second quarter of 2014
Retained Subsidiaries*:
First State Bank Central Texas
Central Community Capital Trust 1 ($15 million trust preferred securities)
First Central Union Capital Trust 1 ($2 million trust preferred securities)
Based
on
a
per
share
price
of
BancorpSouth,
Inc.
common
stock
of
$24.97,
which
represents
the
closing
price
as
of
1/21/14
*Subsidiaries
and
assets
with
book
values
totaling
approximately
$27
million
will
be
divested
prior
to
closing

16
Transaction Summary
$209.5
Transaction Multiples
Last Twelve Months Earnings ($14.3mm)
14.7x
2013 Annualized Earnings ($15.5mm)
13.5x
Book Value ($128.4mm)
1.63x
Adjusted Book Value ($109.5mm)*
1.91x
Tangible Book Value ($117.6mm)
1.78x
Adjusted Tangible Book Value ($98.7mm)*
2.12x
Deposit Premium ($1,016.7mm)
9.0%
Aggregate Deal Value ($mm)
Source:
SNL
Financial
Based
on
a
per
share
price
of
BancorpSouth,
Inc.
common
stock
of
$24.97,
which
represents
the
closing
price
as
of
1/21/14
*Adjusted
to
reflect
estimated
impact
of
divestitures
of
assets
with
book
values
totaling
approximately
$27
million
to
be
made
prior
to
closing

17
Financial Impact
BancorpSouth, Inc.
Ouachita Bancshares Corp.
Central Community Corp.
Pro Forma (1)
Financial Impact
9/30/13
9/30/13
9/30/13
9/30/13
Balance Sheet
Total Assets
12,916,153
$                     
664,161
$                          
1,310,971
$                       
14,965,722
$                     
Total Loans & Leases (Excl HFS)
8,773,115
462,326
544,200
9,739,041
Deposits
10,717,946
555,140
1,016,675
12,289,761
Total Equity
1,480,611
50,975
128,425
1,747,998
Tangible Equity
1,190,259
50,975
117,636
1,252,171
Regulatory Capital (%)
Tangible Equity / Tangible Assets (%)
9.43
7.68
9.05
8.65
Leverage Ratio (%)
9.93
7.64
10.78
9.18
Tier 1 Capital Ratio (%)
13.25
9.95
17.29
12.39
Total Capital Ratio (%)
14.50
14.64
18.80
13.70
Source:
SNL
Financial
and
company
internal
documents
Includes
estimated
purchase
accounting
adjustments
*Merger
of
Ouachita
Bancshares
Corp.
with
and
into
BancorpSouth
expected
to
close
during
the
second
quarter
of
2014
(1)

18
Summary
Footprint expansion
Attractive, high-growth markets
Significantly increase Texas deposit market share
Foundation for future growth
Prospects for organic growth
Future consolidation opportunities in Texas
Opportunity to further leverage current operating platform and back office
support
Retention of experienced local management team
Addition of Donald Grobowsky to Boards of Directors of BancorpSouth, Inc. and
BancorpSouth Bank
Accretive to earnings per share while retaining strong capital position