ex99_1.htm

AMEX: MSL

12th Annual Burkenroad Reports

Investment Conference

New Orleans Sheraton Hotel

April 25, 2008

__________________________________________________________________________________________________________

C.R. “Rusty Cloutier

President & Chief Executive Officer

J. Eustis Corrigan, Jr.

Executive Vice President and Chief Financial Officer

The Private Securities Litigation Act of 1995 provides a safe harbor for
disclosure of information about a company’s anticipated future financial
performance. This act protects a company from unwarranted litigation if
actual results differ from management expectations. This discussion and
analysis reflects management’s current views and estimates of future
economic circumstances, industry conditions, MidSouth’s performance
and financial results. A number of factors and uncertainties could cause
actual results to differ from the anticipated results and expectations
expressed in the discussion.

Growth-oriented, bank holding company

Headquarters: Lafayette, Louisiana

Employees: 423 ● Locations: 34 ● ATMs: 120+

Market Statistics as of March 31, 2008:

> Total Assets: $937 Million

> Market Cap: $142.8 Million

> Stock Price: $18.70 ● Book Value: $10.65

> Shares Outstanding: 6.6 Million

> Insider Ownership: 41% ● Institutional Ownership: 7%

Corporate Profile

CORPORATE HISTORY

1985 - Chartered as a National Bank

1987 - Acquired Breaux Bridge Bank & Trust (LA)

1989 - Acquired Commerce & Energy Bank (LA)

1993 - Listed on AMEX: MSL

1995 - Acquired Sugarland State Bank (LA)

2004 - Acquired Lamar Bank (Beaumont, TX)

BUSINESS FUNDAMENTALS

• Small business focus supported by retail and commercial funding

• Experienced leadership

• Entrepreneurial management style

• Organic growth

• Quality relationships

CONGRATULATIONS

Karen Hail

was named as one of

the 25 Most Powerful
Women in Banking

by US Banker Magazine

in 2007!

Special Thanks

You have been the
CORNERSTONE

of MidSouth Bank’s

success!

Always the ANCHOR of

our team, you represent the

HEART & SOUL of MidSouth!

Special Thanks

Strategic Focus

Profitable Growth
&

Expansion

Operational

Enhancement

Capital & Funds

Management

Maximize

Shareholder Value

Human

Capital

§Target Markets

§Existing Growth Markets

§Focus on TX/LA Footprint

§“Buy & Build”

Opportunities

§Preserve Culture

§CRM Implementation

§Expense Governance

§Vendor Management

§Charter Merger

§Maintain Sound Capital
Levels

§ Asset Quality Management

§Focus on Deposit Mix
Versus Competing on Price

§Retain Veteran Team

§Compensation Structure

§Strategic Initiatives

§Strengthen Infrastructure

Financial Performance

INCOME STATEMENT	1Q07	4Q07	1Q08	Linked QTR % Change
Net Interest Income	8,338	9,613	9,274	-3.5%
Loan Loss Provision	0	525	1,200	128.6%
Total Non-Interest Income	3,263	3,732	3,587	-3.9%
Total Non-Interest Expense	9,079	10,569	10,293	-2.6%
Income Tax Expense	576	357	169	-52.7%
Net Income	1,946	1,894	1,199	-36.7%
EPS	$0.29	$0.28	$0.18	-35.7%

Financial Performance

BALANCE SHEET	1Q07	4Q07	1Q08	Linked QTR % Change
Total Assets	814,660	854,056	937,030	9.7%
Total Loans	510,561	569,506	569,745	.04%
Premises and Equipment	31,488	39,229	39,967	1.9%
Total Deposits	728,839	733,517	818,004	11.5%
Total Shareholders' Equity	61,676	68,469	70,331	2.7%

Financial Performance

Sound Capital

Levels

▪ 5 Quarter Average

Leverage Ratio
8.59%

▪ Dividend Payout

Ratio 25%

▪ Dividend Yield

1.36

Leverage Ratio

Financial Performance

CREDIT QUALITY	1Q07	4Q07	1Q08	Linked QTR bps Change
Allowance as a % of TTL Lns	0.96%	0.99%	1.08%	9 bps
NPA's to Total Assets	0.28%	0.35%	0.49%	14 bps
Net YTD Charge-offs to TTL Lns	0.02%	0.09%	0.12%	3 bps

Asset

Quality

▪ Engaged & Focused
on Regional
Economies

▪ Experienced and
Accomplished
Management & Board

Financial Performance

1Q07 to
1Q08
Loan Mix

§ Diversified Loan
Portfolio

§ C&I Customers
Diversified by
Industry &
Geography

Financial Performance

1Q07 to
1Q08
Deposit Mix

§ Strong & Stable
Core Funding
Source

§ Maintaining
Solid Non-Interest
Bearing Base

Earning

Assets

▪ Premium Yield
on Average
Earning Assets

▪ Capacity to

Leverage Yield

Financial Performance

7.68%

7.94%

7.80%

7.90%

7.41%

Earning

Asset Mix

▪ Stability in

Earning Assets

▪ Liquidity/Funding

Position

Financial Performance

4.96%

5.09%

4.74%

8.91%

8.82%

8.48%

Franchise Expansion

Locations

2007

TEXAS: Houston, Conroe*, College Station

LOUISIANA: Baton Rouge (2nd location),

Lake Charles (2nd location), Thibodaux*, Cut Off

*Relocation

Personal Income Growth

Quarterly

Personal

Income

▪ Sustained

Income

Growth

Source: Federal Reserve Bank of Dallas

LOUISIANA

TEXAS

Employment Growth

Total

Non-Farm

Employment

▪ Sustained

Employment

Growth

Source: Federal Reserve Bank of Dallas

LOUISIANA

TEXAS

Unemployment Rates

Market MSAs	Sep-07	Oct-07	Nov-07	Dec-07	Jan-08	Feb-08
Louisiana	3.9	3.6	3.7	4.0	4.0	3.7
Baton Rouge	4.1	2.9	2.9	3.5	4.5	3.4
Houma	2.9	2.0	2.2	2.5	3.4	2.5
Lafayette	3.1	2.1	2.3	2.6	3.4	2.6
Lake Charles	4.3	2.9	3.0	3.7	4.8	3.6

Texas	4.3	4.3	4.2	4.2	4.3	4.1
Beaumont	5.6	4.9	5.3	5.9	6.2	5.5
College Station	3.7	3.2	3.4	3.3	3.8	3.4
Houston	4.3	3.8	4.0	4.2	4.5	4.2

MSA Average	4.0	3.1	3.3	3.7	4.4	3.6

Source: US Bureau of Labor Statistics

Occupation % Chg in Avg Wage*

Carpenters 70.9%

Electricians 18.7%

Engineers 14.1%

Helpers 35.2%

Plumbers 21.9%

Technicians 41.4%

Total 39.6%

*2005 to 2006

Wage Growth

Supply and Demand - Construction Labor Wage Impact

Source: La. Economic Outlook: 2008 and 2009

Historical

Stock

Performance

▪ Life to Date

Growth

Stock Performance

Source: Finance.Yahoo.com - April 26, 1993 - April 21, 2008

April 1993 - April 2008

Relative

Stock

Performance

▪ MSL vs.

Major Indexes

▪ Life to Date

Growth

Stock Performance

Source: Finance.Yahoo.com - April 26, 1993 - April 21, 2008

April 1993 - April 2008

SUMMARY

• Regional Strategic Growth Model

• Focused & Driven Leadership

• Superior Financial Performance and Focus on Credit Quality

• Excellent Shareholder Returns

MidSouth Bancorp