Home Federal Bancorp Inc of Louisiana
For the period ended Dec 31, 2023. Filed Feb 12, 2024.
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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.
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Item 1. Consolidated Statements of Financial Condition
HOME FEDERAL BANCORP, INC. OF LOUISIANA
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION December 31, 2023 (Unaudited) June 30, 2023 (Audited) (In thousands except share and per share data)
| December 31, 2023 | June 30, 2023 | |
|---|---|---|
| (Unaudited) | (Audited) | |
| ASSETS | ||
| Cash and Cash Equivalents (Includes Interest-Bearing Deposits with Other Banks of $990 and $22,215 December 31, 2023 and June 30, 2023, Respectively) | $8,668 | $24,765 |
| Securities Available-for-Sale (amortized cost December 31, 2023: $39,937; June 30, 2023: $42,910, Respectively) | 37,309 | 39,551 |
| Securities Held-to-Maturity (fair value December 31, 2023: $59,728; June 30, 2023: $61,222, Respectively) | 71,533 | 74,423 |
| Loans Held-for-Sale | 1,851 | 4 |
| Loans Receivable, Net of Allowance for Credit Losses (December 31, 2023: $5,073; June 30, 2023: $5,173, Respectively) | 501,761 | 489,493 |
| Accrued Interest Receivable | 1,883 | 1,790 |
| Premises and Equipment, Net | 17,605 | 16,561 |
| Bank Owned Life Insurance | 6,754 | 6,700 |
| Goodwill | 2,990 | 2,990 |
| Core Deposit Intangible | 1,354 | 1,533 |
| Deferred Tax Asset | 1,173 | 1,313 |
| Real Estate Owned | - | 368 |
| Other Assets | 1,307 | 1,424 |
| Total Assets | $654,188 | $660,915 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| LIABILITIES | ||
| Deposits: | ||
| Non-interest bearing | $136,217 | $145,553 |
| Interest-bearing | 447,472 | 451,808 |
| Total Deposits | 583,689 | 597,361 |
| Advances from Borrowers for Taxes and Insurance | 345 | 554 |
| Short-term Federal Home Loan Bank Advances | 5,400 | - |
| Other Borrowings | 9,650 | 8,550 |
| Other Accrued Expenses and Liabilities | 2,510 | 3,908 |
| Total Liabilities | 601,594 | 610,373 |
| SHAREHOLDERS’ EQUITY | ||
| Preferred Stock - $0.01 Par Value; 10,000,000 Shares Authorized; None Issued and Outstanding | - | - |
| Common Stock - $0.01 Par Value; 40,000,000 Shares Authorized: 3,143,532 and 3,133,351 Shares Issued and Outstanding at December 31, 2023 and June 30, 2023, Respectively | 31 | 31 |
| Additional Paid-in Capital | 41,224 | 40,981 |
| Unearned ESOP Stock | (466) | (523) |
| Retained Earnings | 13,927 | 12,707 |
| Accumulated Other Comprehensive Loss | (2,122) | (2,654) |
| Total Shareholders’ Equity | 52,594 | 50,542 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $654,188 | $660,915 |
Index
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