Home Federal Bancorp Inc of Louisiana
For the period ended Dec 31, 2023. Filed Feb 12, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 12, 2024
HFBL$23.97+7.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
| Six Months Ended | ||
|---|---|---|
| December 31, | ||
| 2023 | 2022 | |
| (In Thousands) | ||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net Income | $2,223 | $3,384 |
| Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities | ||
| Gain on Sale of Loans | (115) | (317) |
| Net Amortization and Accretion on Securities | 207 | 10 |
| Amortization of Deferred Loan Fees | (68) | (235) |
| Amortization of Purchased Loans | (573) | - |
| Provision for (Recovery of) Credit Losses | (16) | 568 |
| Depreciation of Premises and Equipment | 477 | 431 |
| Loss on Sales of Real Estate and Fixed Assets | 415 | - |
| ESOP Compensation Expense | 164 | 214 |
| Stock Option Expense | 23 | 54 |
| Deferred Income Tax Expense (Benefit) | 140 | (318) |
| Federal Home Loan Bank Stock Dividend | (35) | 3 |
| Share Awards Expense | 59 | 62 |
| Increase in Cash Surrender Value on Bank Owned Life Insurance | (54) | (52) |
| Bad Debt Recovery | 6 | 1 |
| Amortization of Core Deposit Intangible | 179 | - |
| Loans Held-for-Sale – Originations and Purchases | (6,292) | (17,451) |
| Loans Held-for-Sale – Sale and Principal Repayments | 4,445 | 19,499 |
| Changes in Assets and Liabilities: | ||
| Accrued Interest Receivable | (93) | (260) |
| Other Operating Assets | 116 | (59) |
| Other Operating Liabilities | (1,398) | (505) |
| Net Cash Provided by (Used in) Operating Activities | (190) | 5,029 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Loan Originations and Purchases, Net of Principal Collections | (12,862) | (31,894) |
| Deferred Loan Fees Collected | 37 | 109 |
| Acquisition of Premises and Equipment | (1,520) | (270) |
| Proceeds from Sale of Real Estate and Fixed Assets | 454 | - |
| Improvements to Real Estate Owned Prior to Disposition | (38) | - |
| Activity in Available-for-Sale Securities: | ||
| Principal Payments on Securities | 5,857 | 2,733 |
| Purchase of Municipals | - | - |
| Purchase of Mortgage-Backed Securities | (2,667) | (6,853) |
| Purchase of US Treasury Notes | - | - |
| Activity in Held-to-Maturity Securities: | ||
| Purchases of FHLB Stock | - | - |
| Purchases of Securities | - | - |
| Principal Payments on Mortgage-Backed Securities | 2,915 | 3,721 |
| Net Cash Used in Investing Activities | (7,824) | (32,454) |
Index
CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)
| Six Months Ended | ||
|---|---|---|
| December 31, | ||
| 2023 | 2022 | |
| (In Thousands) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Net Decrease in Deposits | $(13,673) | $(13,780) |
| Proceeds from Advances from Federal Home Loan Bank | 412,900 | - |
| Repayments of Advances from Federal Home Loan Bank | (407,500) | (18) |
| Dividends Paid | (784) | (781) |
| Company Stock Purchased | (30) | (5,962) |
| Net Decrease in Advances from Borrowers for Taxes and Insurance | (209) | (176) |
| Proceeds from Other Bank Borrowings | 1,100 | 4,200 |
| Proceeds from Stock Options Exercised | - | 198 |
| Plan Share Distributions | 113 | 113 |
| Net Cash Used in Financing Activities | (8,083) | (16,206) |
| NET DECREASE IN CASH AND CASH EQUIVALENTS | (16,097) | (43,631) |
| CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD | $24,765 | $64,078 |
| CASH AND CASH EQUIVALENTS - END OF PERIOD | $8,668 | $20,447 |
| SUPPLEMENTAL CASH FLOW INFORMATION | ||
| Interest Paid on Deposits and Borrowed Funds | $5,968 | $1,239 |
| Market Value Adjustment for Gain (Loss) on Securities Available-for-Sale | 733 | (1,111) |
| Transfer from Loans to Other Real Estate Owned | 465 | 269 |
Index
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.