Company Profile Shares of Whitney Holding Corporation ( WTNY) of New Orleans closed at $7.93 Wednesday, declining 13% year-to-date. Income Statement Whitney Holding Corp. reported a second-quarter net loss to common shareholders of $22.1 million or 23 cents a share, following a first-quarter loss of $10.3 million or 11 cents a share and a loss of $25.4 million or 38 cents a share during the second quarter of 2009, with elevated provisions for loan losses being the main drag on earnings. Balance Sheet Whitney reported total assets of $11.4 billion as of June 30. The company owes $300 million in TARP money and main subsidiary Whitney National Bank has been operating under regulatory requirements to maintain a tier 1 leverage ratio of at least 8% and a total risk-based capital ratios at least 12%. The bank was in compliance with these requirements as of June 30, reporting a tier 1 leverage ratio of 8.37% and a total risk-based capital ratio of 12.94%. On the holding company level, nonperforming assets were still rising and comprised 4.84% of total assets as of June 30, compared to 4.44% the previous quarter and 3.98% a year earlier. The net charge-off ratio for the second quarter was 2.64%. Stock Ratios The shares were trading for 0.8 times tangible book value at Wednesday's close. Analyst Ratings Out of 11 analysts covering the Whitney, 8 recommend holding the shares, while 2 recommend selling and 1 has a buy rating on the shares.