The IBERIABANK fsb builder construction portfolio continued to compress in the second quarter , as homes were sold , loans were paid down , and loans were moved into OREO . The total volume of this portfolio declined from $ 22 million at March 31 , 2009 to $ 18 million at June 30 , 2009 , or down 19 % . At June 30 , 2009 , the portfolio contained 52 completed houses ( $ 9 million ) , only one house less than 100 % complete ( not funded ) , 104 lot loans ( $ 5 million ) , and only two development loans ( $ 4 million ) . The average funded amount is approximately $ 182,000 per loan .