Home Federal Bancorp Inc of Louisiana
For the period ended Mar 31, 2024. Filed May 14, 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.
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.
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Consolidated Statements of Income
(Unaudited)(In thousands except per share data)
| Three Months Ended March 31, | Nine Months Ended March 31, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| INTEREST INCOME | ||||
| Loans, including fees | $7,281 | $6,151 | $21,952 | $16,585 |
| Investment securities | 124 | 100 | 573 | 105 |
| Mortgage-backed securities | 451 | 492 | 1,384 | 1,472 |
| Other interest-earning assets | 34 | 270 | 135 | 720 |
| Total interest income | 7,890 | 7,013 | 24,044 | 18,882 |
| INTEREST EXPENSE | ||||
| Deposits | 3,194 | 1,342 | 8,688 | 2,387 |
| Federal Home Loan Bank borrowings | 87 | 52 | 180 | 72 |
| Other bank borrowings | 205 | 146 | 586 | 321 |
| Total interest expense | 3,486 | 1,540 | 9,454 | 2,780 |
| Net interest income | 4,404 | 5,473 | 14,590 | 16,102 |
| PROVISION FOR (RECOVERY OF) CREDIT LOSSES | 11 | 150 | (5) | 718 |
| Net interest income after provision for credit losses | 4,393 | 5,323 | 14,595 | 15,384 |
| NON-INTEREST INCOME | ||||
| Gain on sale of loans | 69 | 87 | 184 | 404 |
| Gain (loss) on sale of real estate and fixed assets | - | 4 | (415) | 4 |
| Gain on sale of securities | 26 | - | 26 | - |
| Income on bank owned life insurance | 28 | 25 | 82 | 77 |
| Service charges on deposit accounts | 363 | 380 | 1,151 | 1,074 |
| Other income | 20 | 12 | 50 | 35 |
| Total non-interest income | 506 | 508 | 1,078 | 1,594 |
| NON-INTEREST EXPENSE | ||||
| Compensation and benefits | 2,453 | 2,319 | 7,137 | 6,694 |
| Occupancy and equipment | 533 | 541 | 1,625 | 1,540 |
| Data processing | 139 | 163 | 513 | 564 |
| Audit and examination fees | 83 | 82 | 456 | 243 |
| Franchise and bank shares tax | 168 | 145 | 488 | 386 |
| Advertising | 77 | 97 | 302 | 238 |
| Professional fees | 96 | 885 | 443 | 1,085 |
| Loan and collection | 31 | 34 | 123 | 148 |
| Amortization core deposit intangible | 79 | 71 | 258 | 71 |
| Deposit insurance premium | 90 | 49 | 289 | 150 |
| Other expenses | 242 | 112 | 794 | 690 |
| Total non-interest expense | 3,991 | 4,498 | 12,428 | 11,809 |
| Income before income taxes | 908 | 1,333 | 3,245 | 5,169 |
| PROVISION FOR INCOME TAX EXPENSE | 176 | 271 | 290 | 723 |
| NET INCOME | $732 | $1,062 | $2,955 | $4,446 |
| EARNINGS PER SHARE | ||||
| Basic | $0.24 | $0.35 | $0.97 | $1.48 |
| Diluted | $0.24 | $0.34 | $0.95 | $1.41 |
Index
CONSOLIDATED
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