Home Federal Bancorp Inc of Louisiana
For the period ended Mar 31, 2024. Filed May 14, 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.
Mar 31, 2024 · Filed May 14, 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
CASH FLOWS
| Nine Months Ended | ||
|---|---|---|
| March 31, | ||
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net Income | $2,955 | $4,446 |
| Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities | ||
| Gain on Sale of Loans | (184) | (404) |
| Gain on Sale of Investments | (26) | - |
| Net Amortization and (Accretion) on Securities | (246) | 21 |
| Amortization of Deferred Loan Fees | (95) | (270) |
| Amortization of Purchased Loans | (666) | - |
| Provision for (Recovery of) Credit Losses | (5) | 718 |
| Depreciation of Premises and Equipment | 712 | 648 |
| Loss on Sale of Real Estate | 415 | - |
| Gain on Sale of Fixed Assets | - | (4) |
| ESOP Compensation Expense | 243 | 313 |
| Stock Option Expense | 46 | 80 |
| Deferred Income Tax (Benefit) Expense | (28) | 47 |
| Share Awards Expense | 118 | 92 |
| Increase in Cash Surrender Value on Bank Owned Life Insurance | (82) | (77) |
| Amortization of Core Deposit Intangible | 258 | 71 |
| Loans Held-for-Sale – Originations and Purchases | (10,640) | (22,065) |
| Loans Held-for-Sale – Sale and Principal Repayments | 8,924 | 25,287 |
| Changes in Assets and Liabilities: | ||
| Accrued Interest Receivable | (142) | (496) |
| Other Operating Assets | 132 | (52) |
| Other Operating Liabilities | (1,229) | 479 |
| Net Cash Provided by Operating Activities | 460 | 8,834 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Loan Originations and Purchases, Net of Principal Collections | (9,710) | (93,678) |
| Deferred Loan Fees Collected | 48 | 135 |
| Acquisition of Premises and Equipment | (2,312) | (997) |
| Net Cash Paid in Acquisition | - | (10,244) |
| Changes in Federal Home Loan Bank Stock | (52) | (983) |
| Activity in Available-for-Sale Securities: | ||
| Principal Payments on Securities | 9,388 | 3,764 |
| Purchase of Securities | (2,667) | (20,826) |
| Proceeds from Sales of Municipals | 3,388 | - |
| Activity in Held-to-Maturity Securities: | ||
| Principal Payments on Mortgage-Backed Securities | 4,157 | 5,121 |
| Proceeds from Sale of Other Real Estate Owned | 456 | - |
| Improvements to Other Real Estate Owned Prior to Disposition | (38) | - |
| Net Cash Provided by (Used in) Investing Activities | 2,658 | (117,708) |
Index
CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)
| Nine Months Ended | |||
|---|---|---|---|
| March 31, | |||
| 2024 · 2023 | |||
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Net (Decrease)/ Increase in Deposits | $(18,480) | $82,383 | |
| Proceeds from Advances from Federal Home Loan Bank | 792,700 | 163,001 | |
| Repayments of Advances from Federal Home Loan Bank | (792,700) | (153,833) | |
| Dividends Paid | (1,177) | (1,165) | |
| Company Stock Purchased | (39) | (5,963) | |
| Net Decrease in Advances from Borrowers for Taxes and Insurance | (138) | (176) | |
| Proceeds from Other Bank Borrowings | 2,700 | 5,900 | |
| Repayments of Other Bank Borrowings | (2,750) | - | |
| Proceeds from Stock Options Exercised | 20 | 217 | |
| Net Cash Provided by Financing Activities | (19,864) | 90,364 | |
| NET DECREASE IN CASH AND CASH EQUIVALENTS | (16,746) | (18,510) | |
| CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD | 24,765 | 64,078 | |
| CASH AND CASH EQUIVALENTS - END OF PERIOD | $8,019 | $45,568 | |
| SUPPLEMENTAL CASH FLOW INFORMATION | |||
| Interest Paid on Deposits and Borrowed Funds | $9,379 | $2,598 | |
| Income Taxes Paid | 680 | 750 | |
| Market Value Adjustment for Gain (Loss) on Securities Available-for-Sale | 65 | (348) | |
| Transfer from Loans to Other Real Estate Owned | 465 | - | |
| Acquisitions: | |||
| Fair Value of Tangible Assets Acquired | - | 82,889 | |
| Other Intangible Assets Acquired | - | 1,510 | |
| Liabilities Assumed | - | 77,145 | |
| Net Identifiable Assets Acquired Over Liabilities Assumed | $ | - | $7,254 |
Index
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.