Home Federal Bancorp Inc of Louisiana
For the period ended Sep 30, 2024. Filed Nov 13, 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.
Sep 30, 2024 · Filed Nov 13, 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 Cash Flows
CASH FLOWS
| Three Months Ended | ||
|---|---|---|
| September 30, | ||
| 2024 | 2023 | |
| (Unaudited) | ||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net Income | $941 | $1,220 |
| Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities | ||
| Gain on Sale of Loans | (96) | (38) |
| Net Amortization and Accretion on Securities | 417 | 107 |
| Amortization of Deferred Loan Fees | (15) | (33) |
| Amortization of Purchased Loans | (75) | (419) |
| Recovery of Loan Losses | (223) | - |
| Depreciation of Premises and Equipment | 206 | 224 |
| Loss on Sales of Real Estate and Fixed Assets | 254 | 34 |
| ESOP Compensation Expense | 69 | 81 |
| Stock Option Expense | 24 | 23 |
| Deferred Income Tax Benefit | (295) | (147) |
| Federal Home Loan Bank Stock Dividend | - | 17 |
| Share Awards Expense | - | 28 |
| Increase in Cash Surrender Value on Bank Owned Life Insurance | (29) | (26) |
| Bad Debt Recovery | - | 362 |
| Amortization Core Deposit Intangible | 74 | - |
| Changes in Assets and Liabilities: | ||
| Origination and Purchase of Loans Held-for-Sale | (6,152) | (1,807) |
| Sale and Principal Repayments on Loans Held-for-Sale | 5,713 | 1,222 |
| Accrued Interest Receivable | 14 | (117) |
| Other Operating Assets | (224) | 163 |
| Other Operating Liabilities | 252 | 1,551 |
| Net Cash Provided by Operating Activities | 871 | 2,445 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Loan Originations and Purchases, Net | 17,122 | (17,659) |
| Deferred Loan Fees Collected | 4 | 16 |
| Acquisition of Premises and Equipment | (12) | (656) |
| Disposal of Premises and Equipment | 28 | - |
| Proceeds from Sale of Real Estate and Fixed Assets | 70 | 276 |
| Improvements to Real Estate Owned Prior to Disposition | (28) | (38) |
| Changes in Federal Home Loan Bank Stock | (19) | - |
| Activity in Available-for-Sale Securities: | ||
| Principal Payments on Securities | 1,977 | 952 |
| Purchase of Mortgage-Backed Securities | (4,016) | (2,667) |
| Activity in Held-to-Maturity Securities: | ||
| Principal Payments on Mortgage-Backed Securities | 1,495 | 1,631 |
| Net Cash Provided by (Used in) Investing Activities | 16,621 | (18,145) |
Index
CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)
| Three Months Ended | ||
|---|---|---|
| September 30, | ||
| 2024 | 2023 | |
| (Unaudited) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Net Decrease in Deposits | $(9,447) | $(4,856) |
| Proceeds from Advances from Federal Home Loan Bank | - | 77,100 |
| Repayments of Advances from Federal Home Loan Bank | - | (72,500) |
| Dividends Paid | (409) | (392) |
| Company Stock Purchased | (182) | - |
| Net Increase in Advances from Borrowers for Taxes and Insurance | 123 | 161 |
| Proceeds from Other Bank Borrowings | - | 300 |
| Repayments of Other Bank Borrowings | (1,500) | - |
| Proceeds from Stock Options Exercised | 19 | - |
| Net Cash Used in Financing Activities | (11,396) | (187) |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 6,096 | (15,887) |
| CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD | $34,948 | $24,765 |
| CASH AND CASH EQUIVALENTS - END OF PERIOD | $41,044 | $8,878 |
| SUPPLEMENTARY CASH FLOW INFORMATION | ||
| Interest Paid on Deposits and Borrowed Funds | $3,291 | $2,772 |
| Market Value Adjustment for Loss on Securities Available-for-Sale | (1,268) | (812) |
| Transfer from Loans to Other Real Estate Owned | - | 465 |
Index
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.