Lafayette-based IberiaBank Corp. says its $5.7 billion loan portfolio spread out mainly across the southeastern United States faces negligible impact as a result of the BP oil disaster, according to Yahoo Finance.
The company indicated this week that roughly 3 percent of its total loans are in the three main industries expected to take the brunt of the crisis — fishing/seafood, beach tourism and the energy sector. The bulk of the bank’s credit exposure was in energy and energy transportation, with approximately $183 million in loans; the company faces an additional $10,000 exposure in fishing/seafood and virtually no credit exposure in beach tourism.
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