Free Writing Prospectus

Disclaimer

SPECIAL CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain statements contained in this presentation are “forward-looking statements” within the meaning of the protections of Section 27A of the Securities Act of 1933 and Section 21E of the

Securities Exchange Act of 1934, as amended, or the Exchange Act. These forward-looking statements are covered by the safe harbor provisions for forward-looking statements contained in the

Private Securities Litigation Reform Act of 1995, and we are including this statement for purposes of invoking these safe harbor provisions.

Forward-looking statements are made based on our management’s expectations and beliefs concerning future events impacting our company and are subject to uncertainties and factors relating to

our operations and economic environment, all of which are difficult to predict and many of which are beyond our control. You can identify these statements from our use of the words “estimate,”

“project,” “believe,” “intend,” “anticipate,” “expect,” “target,” “may” and similar expressions. These forward-looking statements may include, among other things:

statements relating to projected growth, anticipated improvements in earnings, earnings per share, and other financial performance measures, and management’s long term

performance goals;

statements relating to the anticipated effects on results of operations or our financial condition from expected developments or events;

statements relating to our business and growth strategies; and

any other statements which are not historical facts.

Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to

differ materially from our expectations of future results, performance or achievements expressed or implied by these forward-looking statements. These forward-looking statements may not be

realized due to a variety of factors, including without limitation:

the effects of future economic, business and market conditions and changes;

changes in interest rates;

governmental monetary and fiscal policies;

changes in prices and values of commercial real estate;

legislative and regulatory changes, including changes in banking, securities and tax laws and regulations and their application by our regulators, including changes in the cost and

scope of FDIC insurance;

the failure of assumptions regarding the levels of non-performing assets and the adequacy of the allowance for loan losses;

weaker than anticipated market conditions in our primary market areas;

the risk that our deferred tax assets could be reduced if estimates of future taxable income from our operations are less than estimated or issuance of shares results in an ownership

change under applicable regulations of the IRS;

the effects of competition in our market areas;

liquidity risks through an inability to raise funds through deposits, borrowings or other sources, or to maintain sufficient liquidity at the Company separate from the Bank’s liquidity;

volatility in the capital and credit markets; and

other factors and risks described under “Risk Factors” in the prospectus.

You should not place undue reliance on any forward-looking statement. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date of this

prospectus or to reflect the occurrence of unanticipated events.

NOTE REGARDING NON-GAAP FINANCIAL MEASURES

This presentation contains financial information determined by methods other than those prescribed by accounting principles generally accepted in the United States of America ("GAAP"). See

Appendix A for reconciliations of this information of these measures to the most comparable financial measure or measures calculated and presented in accordance with GAAP.

Company Overview

New York, NY (City)

June 30, 2009

2009

Rank

Institution (ST)

Branches

Deposits in

Market

($000)

Market

(%)

JPMorgan Chase & Co. (NY)

159

216,658,428

51.79

Bank of New York Mellon Corp. (NY)

45,904,605

10.97

Bank of America Corp. (NC)

35,553,343

8.50

Citigroup Inc. (NY)

33,248,053

7.95

HSBC Holdings plc

26,143,476

6.25

Intervest Bancshares Corp. (NY)

1,033,306

0.25

Total For Institutions In Market

677

418,309,423

Pinellas, FL (County)

June 30, 2009

2009

Rank

Institution (ST)

Branches

Deposits in

Market

($000)

Market

(%)

Bank of America Corp. (NC)

4,085,885

20.24

Wells Fargo & Co. (CA)

3,527,580

17.47

Regions Financial Corp. (AL)

2,476,034

12.26

BB&T Corp. (NC)

1,640,096

8.12

SunTrust Banks Inc. (GA)

1,572,174

7.79

Intervest Bancshares Corp. (NY)

1,017,645

5.04

Total For Institutions In Market

332

20,191,195

•

Intervest Bancshares Corporation is a bank holding

company whose principal operating subsidiary is

Intervest National Bank

•

Intervest Bancshares Corporation stock trades on the

NASDAQ Global Select Market under the ticker IBCA

–

Insiders currently own ~34% of shares outstanding¹

•

$2.2B in assets, $1.4B in net loans, $1.9B in deposits and

$141M in tangible common equity

•

Provide banking services in two primary markets, NY and

–

1 branch in New York City and 6 branches in the

Tampa Bay, FL metro area

•

Commercial and Multifamily Real Estate Lender

–

No C&D Loans, <$20M in Land Loans, 2.5%

NPAs/Assets

–

2010 YTD Yield on Loans: 6.32%

¹ Pro forma ownership reflects May 25, 2010 private placement of 850,000 Class A shares of common stock (9,120,812 shares outstanding)

Source: Company management and company filings; SNL Financial

Equity Offering Objectives

•

Additional capital will bolster IBCA’s capital position following the Company’s recent sale of

$207 million of non-performing and underperforming loans

•

Strategic rationale for NPA sale transaction was to:

–

Significantly reduce the Company’s balance sheet risk (NPAs/Assets < 2.5%)

–

Reduce burden of carrying and working out problem loans

–

Ensure remaining exposure to problem credits is manageable

–

Allow IBCA management to focus on core franchise

•

In conjunction with the loan sale, Värde Partners purchased 9.9% of the pro forma

company’s Class A common stock at $5.00 per share

(Dollars In Thousands)

3/31/2010

6/30/2010

Tangible Common Equity

$187,711

$140,643

Total Assets

$2,284,257

$2,164,442

Gross Loans

$1,634,140

$1,395,564

Loan Loss Reserve

$28,300

$30,350

Non-Accrual Loans

$96,248

$18,927

Other Real Estate Owned

$57,858

$34,259

Troubled Debt Restructurings

$116,905

$21,362

NPAs / Assets

6.75%

2.46%

LLR / Total Net Loans

1.73%

2.17%

TCE / TA

7.94%

6.50%

Source: Company filings

Equity Offering Objectives (Cont.)

•

Over the longer-term, additional capital will better position IBCA to:

–

Maintain tangible common equity and regulatory capital ratios above peer ratios

–

Take advantage of unique lending and pricing opportunities in the marketplace

–

Continue to generate strong pre-tax, pre-provision earnings

–

Drive stock to a more normalized market capitalization at or potentially above tangible book

value

–

Repay TARP funding ($25 million) over time, subject to regulatory approval

Assumes a common equity raise with net proceeds of $43.2 million ($46.0 million in gross proceeds includes exercise of the 15% overallotment option); does not include any

assumptions on pricing or number of shares issued. Illustrates pro forma impact to capital levels on an consolidated basis

Peer group is defined to include the following companies: SUBK, TMP, SBNY, FNFG, FUBC, FLIC, CSFL, CNND, HUVL, CCBG, TIBB, SBCF & SMTB

Source: Company management; SNL Financial

$40mm

6/30/2010

Equity Raise¹

Peer Median²

Tangible Common Equity / Tangible Assets

6.50%

7.50%

8.33%

7.99%

Tangible Equity / Tangible Assets

7.59%

8.58%

9.40%

8.36%

Leverage Ratio

8.32%

9.69%

10.65%

8.83%

Tier 1 Risk-based Capital Ratio

11.37%

13.10%

14.47%

13.55%

Total Risk Based Capital Ratio

12.64%

14.35%

15.72%

14.54%

Investment Highlights

•

A $2.2 billion asset New York and Florida branch franchise

–

Robust

multifamily

commercial

real

estate

lending

platform

(No

C&D

loans,

<$20m

land

loans)

–

National OCC

charter;

positioned

build

market

legacy

markets

following

capital

raise

–

Over $2.4bn in loans originated in the last 5 years through December 31, 2009

•

Strong track record of profitability through 2009

–

Over $100 million of earnings through December 31, 2009¹

–

ROAA > 1.0% in 5 of last 8 years through December 31, 2009

–

ROAE > 11% in 6 of last 8 years through December 31, 2009

•

Significant insider ownership²

of ~34%

•

Strong Pro Forma Capital Position

–

Pro

forma

Tangible

Common

Equity

Ratio

8.33%

vs.

peer

median³

7.99%

•

Attractive valuation relative to peers

–

Price

Tangible

Book

Value

21%

versus

peer

median³

143%

–

Price

LTM

Pre-tax,

pre-provision

earnings

0.9x

versus

peer

median³

7.0x

–

IBCA has traded as high as $48 per share, or 247% of tangible book value, on July 19, 2006

¹ Net income for the year ended December 31, 2000 through December 31, 2009

² Pro forma ownership reflects May 25, 2010 private placement of 850,000 Class A shares of common stock (9,120,812 shares outstanding)

³ Peer group is defined to include the following companies: SUBK, TMP, SBNY, FNFG, FUBC, FLIC, CSFL, CNND, HUVL, CCBG, TIBB, SBCF & SMTB

Note: Market data as of July 30, 2010

Source: Company management; SNL Financial

Investment Highlights (cont.)

•

Reduced balance sheet risk following recent transaction with Värde Partners

–

Sold $207

million

nonperforming

and

underperforming

assets

reduce

NPAs

Assets of

6.75% at 3/31/10 to 2.46% at 6/30/10

–

Historically ~90% recovery rate on problem assets; remaining NPAs being managed aggressively

–

Värde

Partners

also

purchased

$4.25

million

IBCA

Class

common

stock,

$5.00

per

share,

concurrent with the loan sale

•

Several potential earnings enhancements

–

Significant net operating losses generated from recent loan sale, approximately $71.3 million,

may be used to reduce any future income taxes payable

–

Continued NIM expansion through roll-off/renewal of higher cost CD’s at current interest rates

that are substantially lower

–

Noninterest

Income

Average

Assets

improvement

potential

should

increase

due

to increased

loan prepayments & the Company’s new loan sale website

–

Increased loan origination volume potential through originating a portion of our new loans for

sale in the secondary market

–

Continued

focus

low

Noninterest

Expense

Average

Assets¹

0.79%

compared

peer

median²

of 3.07% year-to-date

–

Reduction in credit costs and expenses associated with problem assets sold in Q2

Noninterest expense excludes expenses related to foreclosed real estate (please refer to pg. 31 of the appendix for reconciliation of non-GAAP measures)

Peer group is defined to include the following companies: SUBK, TMP, SBNY, FNFG, FUBC, FLIC, CSFL, CNND, HUVL, CCBG, TIBB, SBCF & SMTB

Source: Company management and company filings; SNL Financial

$36.3

$45.6

$38.6

$28.8

$26.6

$33.1

$10

$20

$30

$40

$50

2005

2006

2007

2008

2009

2010²

Net Interest Margin

Noninterest Expense/Avg. Assets

Franchise Overview: Profitability Highlights

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

2001

2002

2003

2004

2005

2006

2007

2008

2009

YTD'10

IBCA

Peers³

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

2001

2002

2003

2004

2005

2006

2007

2008

2009

YTD'10

IBCA

Peers³

Pre-tax, Pre-provision Earnings¹

(Last 5 Quarters)

$5.2

$7.0

$8.7

$9.0

$7.6

$10

Q2'09

Q3'09

Q4'09

Q1'10

Q2'10

July 25, 2006 Market Cap: $369M

July 30, 2010 Market Cap: $30M

¹ Please refer to pg. 31 of the appendix for reconciliation of non-GAAP measures

² YTD 2010 annualized

³ Peer group is defined to include the following companies: SUBK, TMP, SBNY, FNFG, FUBC, FLIC, CSFL, CNND, HUVL, CCBG, TIBB, SBCF & SMTB

Source: Company filings; SNL Financial

Franchise Overview: Valuation Metrics

Note: IBCA’s

tangible book value per share as of June 30, 2010: $15.42

Market data as of July 30, 2010

LTM pre-tax, pre-provision earnings as of June 30, 2010 excludes OREO-related expenses (please refer to pg. 31 in the appendix for reconciliation of non-GAAP measures)

Peer group is defined to include the following companies: SUBK, TMP, SBNY, FNFG, FUBC, FLIC, CSFL, CNND, HUVL, CCBG, TIBB, SBCF & SMTB

Assumes a common equity raise with net proceeds of $43.2 million ($46.0 million in gross proceeds includes exercise of the 15% overallotment option); new shares issued at current

market price of $3.29, resulting in 13,333,333 shares issued

Source: Company filings; SNL Financial

•

Intervest is currently trading at attractive multiples relative to its peers

•

Significant upside potential for current and new IBCA shareholders

–

Reduced balance sheet risk post-Värde transaction

–

Strong core pre-tax, pre-provision earnings

Tangible

LTM Pre-tax,

% of 3

Book

Pre-prov.

Yr Low

Yr High

Value

Earnings¹

Intervest

186.0%

12.0%

21%

0.9x

Peer Group ²

142.9%

57.6%

110%

143%

7.0x

Intervest - Pro Forma ³

41%

Current Market Price /

Relative Price Performance Between January 1, 2003 and October 3, 2006

Relative Price Performance Since October 4, 2006

Franchise Overview: Historical Valuation

100%

200%

300%

400%

500%

Jan '03

May '03

Sep '03

Jan '04

Jun '04

Oct '04

Feb '05

Jul '05

Nov '05

Mar '06

Jul '06

IBCA

Peers¹

NASDAQ Bank

330%

20%

40%

60%

80%

100%

120%

Oct '06

Feb '07

Jul '07

Nov '07

Apr '08

Aug '08

Jan '09

May '09

Oct '09

Mar '10

Jul '10

IBCA

Peers¹

NASDAQ Bank

43%

(25%)

(92%)

53%

(47%)

•

Stock price return of 330% from January 1, 2003 through October 3, 2006

•

Stock traded up to $48 per share, or 247% of tangible book value, in July 2006

¹ Peer group is defined to include the following companies: SUBK, TMP, SBNY, FNFG, FUBC, FLIC, CSFL, CNND, HUVL, CCBG, TIBB, SBCF & SMTB

Source: SNL Financial; data as of July 30, 2010

Overview of Loan Portfolio

•

IBCA’s

loan

portfolio

concentrated

first

mortgage

loans

secured

commercial

and

multifamily

real estate properties

–

Focus on income producing properties with strong collateral values

–

No Construction & Development Loans

–

No Condo Conversion Loans

–

No Refis, all acquisition loans

–

No high-priced rental stand-alone anchor tenant properties

–

No capitalized interest loans

–

<$20M of Land Loans

•

At 6/30/10, the company had 590 loans with an average loan size of $2.4M

–

Loans

with

loan

balance

$10

million

consisted

loans

with

aggregate

balance

$145 million (10.3% of the portfolio)

•

Approximately 89% of the loan portfolio has either a fixed rate or rate floors built-in at an interest rate

of 6% or higher

–

All

loans

have

sliding

prepayment

schedule,

lockouts,

fixed

exit

fees

•

Only 15 loans make up the entire OREO and Non-Accrual Loan portfolio

–

OREO balances of $34.3M is made up of 8 properties

–

Non-Accrual balances of $18.9M is made up of 7 properties

Source: Company management

Overview of Loan Portfolio

Note: Dollars in thousands

Land

1.3%

Multifamily

30.9%

Other

0.2%

Commercial

Real Estate

67.6%

New Jersey

2.5%

Florida

21.5%

All Other

6.4%

New York

69.6%

Total Loan Portfolio

Total Loan Portfolio by Geography

As of December 31,

Loan Type

2007

2008

2009

Balance

# of Loans

Commercial Real Estate

$932,351

$1,081,865

$1,128,646

$948,368

370

Multifamily

657,387

599,721

529,431

433,095

209

Land

33,318

31,430

32,934

18,180

Residential 1-4 Family

486

464

441

429

Other

890

1,057

2,303

1,886

Gross Loans

1,624,432

1,714,537

1,693,755

1,401,958

Deferred loan fees

(10,400)

(8,826)

(7,591)

(6,394)

Gross Loans, net of deferred fees

1,614,032

1,705,711

1,686,164

1,395,564

Allowance for loan losses

(21,593)

(28,524)

(32,640)

(30,350)

Net Loans

$1,592,439

$1,677,187

$1,653,524

$1,365,214

As of June 30, 2010

13.7%

3.0%

83.3%

Commercial Real Estate Loan Portfolio

Dollars in thousands

Origination

Total

Number

Total 90+

Number

Year

Outstanding

of Loans

Days PD

of Loans

of Vintage

2010

$11,319

0.00%

2009

$132,281

0.00%

2008

$217,509

0.00%

2007

$230,240

0.00%

2006

$143,977

0.00%

2005

$55,884

0.00%

Prior to 2005

$148,256

0.00%

Total

$939,467

362

0.00%

Asset Quality

CRE Loan Portfolio by Vintage

CRE Loan Portfolio

Other

4.0%

Mixed-Use

9.1%

Parking

Lot/Garage

2.8%

Mobile Home

Parks

2.3%

Hotel

5.0%

Unanchored Strip

Centers

23.2%

Industrial /

Warehouse

8.6%

Grocery

Anchored

Centers

2.7%

Single Tenant

Properties

7.8%

Office Buildings

25.8%

Anchored

Centers

8.8%

Top 15 CRE Loans

CRE Loans by Risk Rating

3.8%

2.4%

93.8%

Loan Ratings

3 = Pass

4 = Special Mention

5 = Substandard

Type (Location)

Balance

Ratin

Year Orig.

Notes

CRE (New York)

$16,452,370

2004

Office Building

CRE (New York)

$15,795,245

2008

Office Building

CRE (New York)

$15,626,228

2003

Unanchored Strip Center

CRE (Florida)

$14,948,916

2007

Office Building

CRE (Florida)

$12,501,301

2006

Office Building

CRE (New York)

$11,816,662

2006

Grocery Anchored Center

CRE (New York)

$11,432,099

2007

Hotel

CRE (New York)

$11,421,681

2008

Unanchored Strip Center

CRE (New York)

$10,852,898

2009

Office Building

CRE (New York)

$9,762,720

2008

Office Building

CRE (New York)

$9,546,148

2006

Anchored Center

CRE (Georgia)

$9,245,541

2006

Office Building

CRE (Florida)

$8,874,877

2009

Anchored Center

CRE (Pennsylvania)

$8,811,732

2008

Unanchored Strip Center

CRE (Virginia)

$8,458,692

2008

Anchored Center

Source: Company management

March 31, 2010

June 30, 2010

Multifamily Real Estate Loan Portfolio

Multifamily Loan Portfolio by Vintage

Multifamily Loan Portfolio

Mixed Use

5.4%

Multifamily (5

& Over)

94.6%

Top 15 Multifamily Loans

Multifamily Loans by Risk Rating

Dollars in thousands

Origination

Total

Number

Total 90+

Number

Year

Outstanding

of Loans

Days PD

of Loans

of Vintage

2010

$27,472

0.00%

2009

$49,471

$1,236*

2.50%

2008

$68,472

0.00%

2007

$83,485

$5,624

6.74%

2006

$85,249

0.00%

2005

$50,895

0.00%

Prior to 2005

$67,957

0.00%

Total

$433,000

208

$6,860

1.58%

Asset Quality

Type

Balance

Ratin

Year Orig.

Location

5+ Multifamily R.E. Unit

$12,993,156

2005

Florida

5+ Multifamily R.E. Unit

$9,644,863

2007

New York

5+ Multifamily R.E. Unit

$9,004,048

2006

New York

5+ Multifamily R.E. Unit

$8,924,786

2005

Florida

5+ Multifamily R.E. Unit

$8,766,758

2007

New York

5+ Multifamily R.E. Unit

$8,348,709

2008

New York

5+ Multifamily R.E. Unit

$8,160,144

2008

New York

5+ Multifamily R.E. Unit

$7,673,457

2007

New York

5+ Multifamily R.E. Unit

$7,655,832

2010

New York

5+ Multifamily R.E. Unit

$7,488,000

2006

Kentucky

5+ Multifamily R.E. Unit

$7,202,811

2007

New York

5+ Multifamily R.E. Unit

$6,087,588

1999

New York

5+ Multifamily R.E. Unit

$5,789,088

2005

Kentucky

5+ Multifamily R.E. Unit

$5,371,281

2006

New York

5+ Multifamily R.E. Unit

$5,337,620

2007

Florida

Source: Company management (* Remaining principal balance was paid off in full in July)

10.2%

3.5%

86.3%

5.7%

2.5%

91.9%

Loan Ratings

3 = Pass

4 = Special Mention

5 = Substandard

March 31, 2010

June 30, 2010

Asset Quality: Credit Quality Statistics

As of June 30, 2010

Note: Dollars in thousands

•

$1.33B of IBCA’s $1.40B (95%) of loans are performing as agreed, despite one of

the most

difficult real estate markets in history and significant property value declines in NY and FL

•

7 loans, with an aggregate balance of $18.9M, are currently on nonaccrual

•

8 loans, with an aggregate balance of $34.3M, are currently on OREO

•

6 loans, with an aggregate balance of $21.4M, are currently accruing TDRs

Current

% of Total

Non-Accrual

Non-Accrual /

30 -

90+

Loan Type

Balance

Loans

Current Balance

TDR's

OREO

Days Delinq.

CRE

948,368

67.6%

$1,690

0.2%

$17,430

$8,036

$6,007

$3,164

Multifamily

433,095

30.9

17,237

4.0%

3,932

20,388

6,244

Land

18,180

1.3

0.0%

5,835

815

5,624

Residential 1-4 Family

429

0.0

0.0%

Other

1,886

0.1

0.0%

Total

$1,401,958

100.0%

$18,927

1.4%

$21,362

$34,259

$13,066

$8,788

Asset Quality: Nonperforming Asset Overview

Notes: Vintage analysis as of May 31, 2010

Loans & NPAs by Type

Loans & NPAs by Geography

NPAs by Vintage

•

NY CRE Loans, which represent 46.3% of

the IBCA Loan portfolio, continue to

perform well (99.5% performing)

•

FL Multifamily Loans, which represent 6.3%

of the portfolio, continue to present some

challenges (86.9% performing)

•

Total of 15 Nonaccrual and OREO with an

aggregate balance of $53.2 million

69.6%

21.5%

2.5%

6.4%

39.9%

1.4%

49.5%

9.2%

20%

40%

60%

80%

100%

Other

Loans

NPAs

67.7%

30.9%

1.3%

0.0%

0.1%

70.7%

11.0%

18.3%

0.0%

20%

40%

60%

80%

100%

CRE

Multifamily

Land

Resi 1-4

Other

Loans

NPAs

15%

11%

17%

23%

18%

13%

38%

34%

10%

16%

24%

32%

40%

< 2005

2005

2006

2007

2008

2009

2010

Loans

NPAs

Asset Quality: Credit Quality Statistics

Single Tenant Retail Properties

Note: Numbers to the left of the of loan amounts represents number of loans in category

•

The below matrix shows all nonaccrual loans and OREO by loan type and geography

•

As of 6/30/10, Intervest’s Total Loan Loss Reserves are $30.4 million, which represents

2.17% of gross loans and 57.1% of nonaccrual loans and OREO

% of

Loan Type

NPAs by

State

Retail - S ¹

Hotel

Office

Warehouse

Multifamily

Land

Totals

Region

New York

$2,112,000

$950,000

$1,849,428

$4,911,428

9.2%

Florida

5,924,000

11,455,012

3,820,914

21,199,926

39.9%

New Jersey

739,582

1.4%

Georgia

4,500,000

8.5%

Kentucky

10,876,875

20.5%

Pennsylvania

7,296,000

13.7%

Maryland

2,014,000

3.8%

Ohio

1,647,628

3.1%

Nonperforming Assets

$739,582

$5,924,000

$2,112,000

$950,000

$37,624,943

$5,834,914

$53,185,439

As a % of NPAs

1.39%

11.14%

3.97%

1.79%

70.74%

10.97%

100.00%

Asset Quality: NPA Migration

•

Nonperforming assets are at their lowest level since December 2006

(Dollars Values in Thousands)

12/31/06

12/31/07

12/31/08

06/30/09

09/30/09

12/31/09

03/31/10

06/30/10

30-89 Days Past Due

$24,294

$25,122

$18,943

$17,828

$30,608

$5,925

$14,427

$13,066

90+ Days Past Due

11,853

1,964

6,367

1,947

6,800

3,628

8,788

Performing TDR's

76,210

71,156

97,311

116,906

21,362

Nonperforming Assets:

Nonaccrual

3,274

90,756

108,610

129,784

131,742

123,877

96,248

18,927

Other Real Estate Owned (OREO)

9,081

18,214

32,915

31,866

57,858

34,259

Total Nonperforming Assets

3,274

90,756

117,691

147,998

164,657

155,743

154,106

53,186

NPAs / Assets

0.17%

4.49%

5.18%

6.16%

6.91%

6.49%

6.75%

2.46%

Nonaccruals / Loans

0.22%

5.62%

6.37%

7.43%

7.77%

7.35%

5.89%

1.36%

Reserves

$17,833

$21,593

$28,524

$32,054

$31,815

$32,640

$28,300

$30,350

Reserves/Loans

1.20%

1.34%

1.67%

1.84%

1.88%

1.94%

1.73%

2.17%

Reserves/Nonaccruals

544.7%

23.8%

26.3%

24.7%

24.1%

26.3%

29.4%

160.4%

Charge-Offs

Net Loan Charge-offs / Avg. Loans

0.00%

2.50%

0.05%

0.15%

0.18%

0.83%

5.55%

NCO's - Loans¹

$4,227

$1,003

$2,635

$3,101

$13,979

$85,483

NCO's - OREO¹

$11,732

As of,

Charge-offs at June 30, 2010 included $82.2 million of loans and $5.3 million of OREO as a result of bulk loan sale transaction

Source: Company filings; SNL Financial

Asset Quality: Remaining Credit Exposure

•

IBCA recently hired a new Chief Credit Officer with 25 years of banking experience

•

Conducted a new, additional internal loan review which included the following:

–

Approximately 55% of the total loan portfolio ($775M of outstanding loan principal)

–

All nonperforming and underperforming loans

–

Bank concluded, consistent with SCAP Test Results on next page, that potential future losses

should be minimized through recent loan sale, pre-tax pre-provision earnings and current loan

loss reserve

•

A third party

loan

review

firm

completed

most

recent

loan

review

May

23,

2010

–

Reviewed 71 commercial real estate/multifamily loans totaling $287 million, representing an

18% penetration of total loan portfolio

•

Third Party Review concluded Bank continues effective risk rating management

–

IBCA is active in the review and management of the loan portfolio and has recently

implemented a new system to track the receipt of updated financial information on borrowers

•

IBCA recently hired a new loan review firm to conduct an additional loan review and quarterly loan

reviews of the portfolio

Source: Company management

Asset Quality: SCAP Test –

Application to IBCA

Indicative loss rates based on the average of the ranges disclosed by the Board of Governors of the Federal Reserve System (2009) “The Supervisory Capital Assessment Program: Overview of Results”

Annualized year-to-date pre-tax, pre-provision net revenue excludes expenses related to foreclosed real estate (please refer to pg. 31 of the appendix for reconciliation of non-GAAP measures)

Source: Company management and company filings

•

The below figures are based on the Treasury SCAP test and are not indicative of

Management’s beliefs

•

SCAP test indicates IBCA has fully realized losses on loan portfolio under the baseline and

more adverse scenarios following the Company’s recent loan sales

Balance as of 12/31/08

Indicative Loss Rates¹

(%)

Potential Loan Losses ($000)

Loan Type

($000)

(%)

Baseline

More Adverse

Baseline

More Adverse

CRE

1,081,865

63.2

4.5

8.0

48,684

86,549

Multifamily

599,721

35.0

5.0

10.5

29,986

62,971

Land

31,430

1.8

10.0

16.5

3,143

5,186

Total Loans

$1,713,016

100.0

$81,813

$154,706

% of Total Loans

4.8%

9.0%

Net Chargeoffs

( 1/1/09 -

6/30/10):

$106,211

Pre-tax, Pre-provision Earnings (YTD '10)²:

$33,098

Loan Loss Reserve (6/30/10):

$30,350

Remaining Potential SCAP Losses:

Overview of Securities Portfolio

Source: Company management and company filings

FFCB

10.4%

TRUPS

0.8%

FNMA

39.6%

FHLB

26.9%

FHLMC

22.3%

Securities Portfolio

•

At June 30, 2010, there were no subprime

mortgages and no Fannie Mae or Freddie Mac

equity securities in the portfolio

•

The weighted average life of the securities

portfolio at June 30, 2010 was 4.4 years

•

Q2 2010 weighted average yield on securities

portfolio was 2.26%

•

At June 30, 2010, the net unrealized loss on the

securities portfolio was $0.3 million

–

$3.3 million loss of which is attributable to trust

preferred securities

–

$3.0 million gain in the agency portfolio

•

Remaining balance of trust preferred securities

has been written down to 65% of original face

value

Deposit Enhancement Strategy

•

Average cost of deposits of 3.21% in 2Q’10, down 66bps from 3.87% in 2Q’09

•

Management continued to increase IBCA’s core deposit base to lower cost of funding

–

Focus on attracting new checking accounts in current markets

–

Employing new marketing strategy for Florida retail branch franchise

•

Brokered deposits have declined by 7.7% over last 12 months

–

Management anticipates ~200bps improvement as brokered deposits roll-off and replaced by core

deposits

–

$81.7 million of brokered deposits roll-off in the next 30 months with an average cost of 5.0% ($21.5

million roll-off over next 3 quarters with an average cost of 5.1%)

Dollar Values in Millions

09/30/09

$ Change

% Change

12/31/09

$ Change

% Change

03/31/10

$ Change

% Change

06/30/10

$ Change

% Change

Non-Interest Bearing Demand

$5.1

$0.3

6.5%

$3.4

($1.7)

(33.2%)

$3.4

($0.0)

(0.1%)

$3.5

$0.1

2.5%

Interest Bearing Demand

477.4

36.4

8.3%

505.2

27.7

5.8%

497.5

(7.7)

(1.5%)

479.6

(17.9)

(3.6%)

Savings

16.0

2.7

20.7%

11.7

(4.3)

(27.0%)

11.4

(0.3)

(2.8%)

10.7

(0.7)

(6.0%)

Retail CDs

832.4

(25.1)

(2.9%)

817.1

(15.3)

(1.8%)

752.3

(64.8)

(7.9%)

712.6

(39.7)

(5.3%)

Core Deposits

1,330.9

14.3

1.1%

1,337.4

6.4

0.5%

1,264.6

(72.8)

(5.4%)

1,206.4

(58.2)

(4.6%)

Jumbo CDs

519.1

(0.6)

(0.1%)

522.5

3.4

0.7%

502.2

(20.3)

(3.9%)

486.0

(16.2)

(3.2%)

Brokered Funds

170.1

(2.8)

(1.6%)

170.1

0.0

0.0%

160.0

(10.1)

(5.9%)

160.0

0.0

0.0%

Total Deposits

2,020.2

11.0

0.5%

2,030.0

9.8

0.5%

1,926.8

(103.2)

(5.1%)

1,852.4

(74.4)

(3.9%)

Funding Costs

Cost of Deposits (3 mths)

3.64%

3.46%

3.29%

3.21%

Cost of Interest Bearing Liabilities (3 mths)

3.65%

3.47%

3.34%

3.24%

Cost of Borrowed Funds (3 mths)

3.85%

3.82%

3.31%

3.84%

Source: Company management and company filings

$40mm

6/30/2010

Equity Raise¹

Peer Median²

Tangible Common Equity / Tangible Assets

6.50%

7.50%

8.33%

8.18%

Tangible Equity / Tangible Assets

7.59%

8.58%

9.40%

8.46%

Leverage Ratio

8.32%

9.69%

10.65%

8.91%

Tier 1 Risk-based Capital Ratio

11.37%

13.10%

14.47%

13.91%

Total Risk Based Capital Ratio

12.64%

14.35%

15.72%

14.62%

Equity Offering Objectives (Cont.)

•

Over the longer-term, additional capital will enable IBCA to:

–

Maintain tangible common equity and regulatory capital ratios above peer ratios

–

Take advantage of unique lending and pricing opportunities in the marketplace

–

Continue to generate strong pre-tax, pre-provision earnings

–

Drive stock to a more normalized market capitalization at or potentially above tangible book

value

–

Repay TARP funding ($25 million) over time, subject to regulatory approval

Assumes a common equity raise with net proceeds of $43.2 million ($46.0 million in gross proceeds includes exercise of the 15% overallotment option); does not include any

assumptions on pricing or number of shares issued. Illustrates pro forma impact to capital levels on an consolidated basis

Peer group is defined to include the following companies: SUBK, TMP, SBNY, FNFG, FUBC, FLIC, CSFL, CNND, HUVL, CCBG, TIBB, SBCF & SMTB

Source: Company management; SNL Financial

Investment Highlights

•

A $2.2 billion asset New York and Florida branch franchise

–

Robust multifamily / commercial real estate lending platform

•

Strong track record of profitability through 2009

–

Over $100 million of earnings through December 31, 2009¹

•

Significant insider ownership of ~34%²

•

Strong pro forma capital position relative to peers

•

Attractive valuation relative to peers

–

Price / Tangible Book Value of 21% versus peers of 143%

–

Price / LTM Pre-tax, pre-provision earnings of 0.9x versus peers of 7.0x

•

Reduced balance sheet risk following recent transaction with Värde Partners

•

Several potential earnings enhancements over the next 12-24 months

Net income for the year ended December 31, 2000 through December 31, 2009

Pro forma ownership reflects May 25, 2010 private placement of 850,000 Class A shares of common stock (9,120,812 shares outstanding)

Note: Market data as of July 30, 2010

Source: SNL Financial

Appendix: Update Regarding Regulatory Agreements

•

On April 7, 2009, the Bank entered into a Memorandum of Understanding, or MOU, with the OCC, its primary regulator, which

requires the Bank to do the following:

–

appoint a Compliance Committee to monitor and coordinate the Bank’s adherence to the MOU and to submit progress reports to the OCC;

–

develop and implement a Strategic Plan in accordance with guidelines set forth in the MOU;

–

review

and

revise

the

Bank’s

Contingency

Funding

Plan

address

expansion

the

number

crisis

scenarios

used,

define

responsibilities

and

decision

making authority and restrict the use of brokered deposits;

–

develop and implement a written program to improve credit risk management processes that are consistent across the Bank’s two primary markets;

–

develop and implement a three-year capital program in accordance with guidelines set out in the MOU; and

–

review and revise the Bank’s interest rate risk policy and procedures to address matters set forth in the MOU.

•

Although the Bank believes it has made progress in addressing various matters covered by the MOU, it expects the OCC to pursue and

enter into a formal agreement with the Bank, which agreement is likely to cover many of the same areas addressed in the MOU,

including the following:

•

appointment

compliance

committee,

all

but

one

which

must

independent,

monitor

and

coordinate

adherence

the

formal

agreement;

•

development

strategic

plan,

which

will,

among

other

things,

establish

objectives

and

identify

strategies

achieve

those

objectives;

•

development of a long term capital plan and achievement and maintenance of required capital levels;

•

a written assessment of each of the Bank’s executive officers capabilities to perform present and anticipated duties;

•

development and implementation of a plan to improve earnings;

•

a program for liquidity risk management and maintenance of adequate liquidity levels with monthly reporting and weekly advisories to the OCC concerning

deposit maturities;

•

implementation of a plan to diversify assets;

•

implementation of a plan to improve loan portfolio management;

•

a program to eliminate criticized assets;

•

a program for the review of loans to assure timely identification and characterization of problem credits;

•

a program for the maintenance of an adequate allowance for loan losses consistent with OCC rules;

•

appraisals of real property that are timely and comply with OCC requirements; and

•

interest rate risk policies.

•

If it

enters

into

formal

agreement

with

the

OCC,

the

Bank

will

not

allowed

brokered

deposits

without

the

prior

approval

its

regulators

and

would

also

required,

the

absence

waiver

from

the

FDIC,

maintain

its

deposit

pricing

below the national rates published by the FDIC, plus 75 basis points.

Appendix: Balance Sheet

Dollar Values in Thousands

12/31/2004

12/31/2005

12/31/2006

12/31/2007

12/31/2008

12/31/2009

6/30/2010

Assets

Cash and Due from Banks

12,026

11,595

9,747

5,371

13,170

6,318

6,237

Fed Funds Sold, Other Cash & Cash Equivalents

12,573

45,121

30,448

27,715

41,733

1,659

29,298

Cash and Cash Equivalents

24,599

56,716

40,195

33,086

54,903

7,977

35,535

Held to Maturity Secs

248,888

251,508

404,015

344,105

475,581

634,856

621,244

Other Secs

6,948

7,097

8,640

8,053

10,603

10,708

9,846

Total Cash & Securities

280,435

315,321

452,850

385,244

541,087

653,541

666,625

Gross Loans Held for Investment

1,015,396

1,367,986

1,490,653

1,614,032

1,705,711

1,686,164

1,395,564

Loan Loss Reserve

11,106

15,181

17,833

21,593

28,524

32,640

30,350

Loans Held for Sale, before Reserves

Total Net Loans

1,004,290

1,352,805

1,472,820

1,592,439

1,677,187

1,653,524

1,365,214

Real Estate Owned and Held for Investment

9,081

31,866

34,259

Goodwill & Other Intanigbles Assets

Deferred Tax Asset

5,095

6,988

8,694

10,387

13,503

18,044

47,728

Total Other Assets

26,931

31,309

37,389

33,322

30,975

44,229

50,616

Total Assets

1,316,751

1,706,423

1,971,753

2,021,392

2,271,833

2,401,204

2,164,442

Liabilities

Total Deposits

993,872

1,375,330

1,588,534

1,659,174

1,864,135

2,029,984

1,852,356

FHLB Borrowings

36,021

25,011

50,598

61,598

40,500

Other Senior Debt

242

229

215

200

184

167

1,380

Senior Debt

36,263

229

25,226

200

50,782

61,765

41,880

Trust Preferred Securities

62,021

62,010

56,833

56,839

56,824

56,787

56,702

Other Subordinated Debt

104,398

93,486

90,850

79,395

41,960

Total Subordinated Debt

166,419

155,496

147,683

136,234

98,784

56,787

56,702

Total Debt

202,682

155,725

172,909

136,434

149,566

118,552

98,582

Total Other Liabilities

30,103

39,190

40,264

46,223

46,158

38,614

49,202

Total Liabilities

1,226,657

1,570,245

1,801,707

1,841,831

2,059,859

2,187,150

2,000,140

Equity

TARP Preferred Equity

23,080

23,466

23,659

Common Equity

90,094

136,178

170,046

179,561

188,894

190,588

140,643

Equity

90,094

136,178

170,046

179,561

211,974

214,054

164,302

Source: Company filings

Appendix: Income Statement

Dollar Values in Thousands

YTD

12/31/2004

12/31/2005

12/31/2006

12/31/2007

12/31/2008

12/31/2009

6/30/2010

Interest Income

66,549

97,881

128,605

131,916

128,497

123,598

57,060

Interest Expense

38,683

57,447

78,297

89,653

90,335

81,000

33,205

Net Interest Income

27,866

40,434

50,308

42,263

38,162

42,598

23,855

Provision for Loan Losses

4,526

4,075

2,652

3,760

11,158

10,865

97,172

Net Interest Income after Provisions

23,340

36,359

47,656

38,503

27,004

31,733

(73,317)

Service Charges on Deposits

252

334

447

419

684

412

252

Loan Fees & Charges

4,767

6,144

6,346

8,272

4,038

2,449

1,428

Brokerage

119

115

Other Noninterest Income

693

Total Non-Interest Income

5,138

6,593

6,843

8,692

4,722

2,861

2,373

Realized Gain/(Loss) on Securities

133

304

(2,564)

(1,343)

Compensation & Benefits

4,046

5,726

5,435

5,675

6,039

6,247

3,230

Occupancy and Equipment

1,659

1,487

1,675

1,854

1,755

1,903

906

Marketing and Promotion Expense

110

225

281

247

253

191

Professional Fees

411

773

1,160

1,142

1,549

1,812

1,166

Tech & Communications Expense

428

605

743

895

1,016

1,131

569

Foreclosure & Repo

489

4,799

7,220

13,618

Other Expense

1,597

1,887

2,233

2,574

3,462

7,541

3,090

Total Non-Interest Expense

8,251

10,703

11,527

12,876

18,873

26,045

22,637

Non-Recurring Expense

1,500

1,039

Net Income Before Taxes

20,229

32,250

41,484

34,452

13,157

4,946

(94,924)

Income Taxes/(Tax Benefit)

8,776

14,066

17,953

15,012

5,891

1,816

(40,997)

Net Income

11,453

18,184

23,531

19,440

7,266

3,130

(53,927)

Preferred Dividends

1,632

824

Net Income Available to Common

11,453

18,184

23,531

19,440

7,225

1,498

(54,751)

Earnings Per Share

1.71

2.47

2.82

2.31

0.87

0.18

(6.48)

Source: Company filings

Appendix: Reconciliation of Non-GAAP Financial Measures

(1) Pro forma for $40.0 million offering (assumes 15% overallotment and 6% underwriting fee for net proceeds of $43.2 million)

Source: Company filings

Actual

Pro Forma

Tangible Common Equity/Tangible Assets

3/31/2010

6/30/2010

6/30/2010¹

Total shareholders’

equity

$211,274

$164,302

Less: preferred stock

23,563

23,659

Less: intangible assets

Tangible common equity

187,711

140,643

Add: Proceeds From Offering

43,240

Pro forma tangible common equity

$187,711

$140,643

$183,883

Total assets

$2,284,257

$2,164,442

Add: Proceeds From Offering

43,240

Less: intangible assets

Tangible assets

$2,284,257

$2,164,442

$2,207,682

Tangible Common Equity Ratio

8.22%

6.50%

8.33%

Noninterest Expense / Average Assets

Q1'10

Q2'10

YTD

Noninterest Expense

$7,666

$14,971

$22,637

Expenses related to foreclosed real estate

2,977

10,641

13,618

Adjusted Noninterest Expense

4,689

4,330

9,019

Average Assets (6/30/10)

2,287,703

Noninterest Expense / Average Assets

0.79%

Appendix: Reconciliation of Non-GAAP Financial Measures

Source: Company filings; SNL Financial

2005

2006

2007

2008

2009

Q2'09

Q3'09

Q4'09

Q1’10

Q2’10

YTD

LTM

Noninterest Expense

$10,703

$11,527

$12,876

$18,873

$26,045

$9,336

$7,336

$7,255

$7,666

$14,971

$22,637

$37,228

OREO-related expenses

489

4,799

7,220

3,919

2,365

2,846

2,977

10,641

13,618

18,829

Adjusted Noninterest Expense

$10,703

$11,527

$12,387

$14,074

$18,825

$5,417

$4,971

$4,409

$4,689

$4,330

$9,019

$18,399

Net Interest Income

$40,434

$50,308

$42,263

$38,162

$42,598

$10,197

$11,015

$12,096

$12,490

$11,365

$23,855

$46,966

Noninterest Income

$6,593

$6,843

$8,692

$4,722

$2,861

$421

$967

$995

$873

$518

$1,391

$3,353

Pre-tax, pre-provision Earnings

$36,324

$45,624

$38,568

$28,810

$26,634

$5,201

$7,011

$8,682

$8,674

$7,553

$16,227

$31,920

Pre-tax, Pre-provision Earnings

SUBK

TMP

SBNY

FNFG

FUBC

FLIC

CSFL

CNND

HUVL

CCBG

SBCF

TIBB

SMTB

Pre-tax, pre-provision Earnings

$40,516

$61,996

$174,874

$249,096

$2,868

$26,882

$13,080

$30,933

$61,362

$24,890

$4,619

($11,262)

$26,812

OREO-related expenses

133

4,689

967

8,611

7,128

3,929

6,894

Adjusted Pre-tax, pre-provision Earnings

$40,516

$61,996

$174,874

$249,096

$3,001

$26,882

$17,769

$31,900

$61,362

$33,501

$11,747

($7,333)

$33,706

Shares Outstanding (MRQ)

9,652,708

10,830,001

41,000,710

209,040,000

24,781,660

7,254,571

25,862,801

470,946

16,025,792

17,067,000

58,950,016

14,887,922

14,967,508

Adjusted LTM PTPP Earnings per Share

$4.20

$5.72

$4.27

$1.19

$0.12

$3.71

$0.69

$67.74

$3.83

$1.96

$0.20

($0.49)

$2.25

Closing Price on 7/30/10

$27.11

$41.75

$38.44

$13.41

$7.44

$25.78

$8.82

$290.00

$19.36

$13.83

$1.36

$0.43

$4.00

Price / Adj. LTM PTPP Earnings

6.5x

7.3x

9.0x

11.3x

61.4x

7.0x

12.8x

4.3x

5.1x

7.0x

6.8x

(0.9x)

1.8x

Peer Group: LTM Pre-tax, Pre-provision Earnings