UNITED STATES
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SECURITIES AND EXCHANGE COMMISSION
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Washington, DC 20549
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FORM
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(Mark One)
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QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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For the quarterly period ended:
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or
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TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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For the transition period from
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to
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Commission file number:
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(Exact name of registrant as specified in its charter)
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(State or other jurisdiction of incorporation or organization)
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(IRS Employer Identification No.)
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(Address of principal executive offices)
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(Zip Code)
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(
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(Registrant’s telephone number, including area code)
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N/A
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(Former name, former address and former fiscal year, if changed since last report)
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒
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Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405
of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒
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Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth
company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check One):
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Large accelerated filer
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☐ |
Accelerated filer
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☐ |
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☒
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Smaller reporting company
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Emerging growth company
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). |
☒ No |
Shares of common stock, par value $0.01 per share, outstanding as of February 9, 2023: The registrant had
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Page
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PART I
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FINANCIAL INFORMATION
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Item 1:
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Financial Statements
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1
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2
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3
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4
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6
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8
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Item 2:
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30
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Item 3:
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37
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Item 4:
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37
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PART II
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OTHER INFORMATION
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Item 1:
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38
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Item 1A:
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38
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Item 2:
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38
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Item 3:
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38
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Item 4:
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38
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Item 5:
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38
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Item 6:
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39
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HOME FEDERAL BANCORP, INC. OF LOUISIANA
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CONSOLIDATED STATEMENTS OF
FINANCIAL CONDITION
December 31, 2022 (Unaudited) and June 30, 2022 (Audited) (In thousands except share and per share data)
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December 31,
2022
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June 30,
2022
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(unaudited) | (audited) | |||||||
ASSETS
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Cash and Cash Equivalents (Includes Interest-Bearing Deposits with Other Banks of $
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$
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$
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Securities Available-for-Sale
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Securities Held-to-Maturity (fair value December 31, 2022: $
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Loans Held-for-Sale
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Loans Receivable, Net of Allowance for Loan Losses (December 31, 2022: $
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Accrued Interest Receivable
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Premises and Equipment, Net
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Bank Owned Life Insurance
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Deferred Tax Asset
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Other Real Estate Owned
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Other Assets
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Total Assets
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$
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$
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LIABILITIES AND STOCKHOLDERS’ EQUITY
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LIABILITIES
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Deposits:
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Non-interest bearing
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$
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$
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Interest-bearing
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Total Deposits
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Advances from Borrowers for Taxes and Insurance
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Short-term Federal Home Loan Bank Advances
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Other Borrowings
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Other Accrued Expenses and Liabilities
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Total Liabilities
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STOCKHOLDERS’ EQUITY
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Preferred Stock – $
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Common Stock – $
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Additional Paid-in Capital
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Unearned ESOP Stock
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(
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(
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Retained Earnings
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Accumulated Other Comprehensive Loss
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(
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(
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Total Stockholders’ Equity
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TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
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$
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$
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For the Three Months Ended
December 31,
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For the Six Months Ended
December 31,
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2022
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2021
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2022
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2021
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(In Thousands, Except per Share Data)
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INTEREST INCOME
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Loans, Including Fees
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$
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$
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$
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$
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Investment Securities
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Mortgage-Backed Securities
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Other Interest-Earning Assets
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Total Interest Income
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INTEREST EXPENSE
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Deposits
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Other Borrowings
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Federal Home Loan Bank Borrowings
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Total Interest Expense
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Net Interest Income
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PROVISION FOR LOAN LOSSES
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Net Interest Income after Provision for Loan Losses
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NON-INTEREST INCOME
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Gain on Sale of Loans
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Income on Bank Owned Life Insurance
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Service Charges on Deposit Accounts
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Other Income
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Total Non-Interest Income
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NON-INTEREST EXPENSE
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Compensation and Benefits
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Occupancy and Equipment
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Data Processing
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Audit and Examination Fees
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Franchise and Bank Shares Tax
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Advertising
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Legal Fees
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Loan and Collection
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Deposit Insurance Premium
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Other Expense
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Total Non-Interest Expense
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Income Before Income Taxes
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PROVISION FOR INCOME TAX EXPENSE
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Net Income
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$
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$
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$
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$
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EARNINGS PER COMMON SHARE:
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Basic
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$
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$
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$
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$
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Diluted
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$
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$
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$
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$
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DIVIDENDS DECLARED
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$
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$
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$
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$
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For the Three Months Ended
December 31,
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For the Six Months Ended
December 31,
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2022
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2021
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2022
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2021
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(In Thousands)
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(In Thousands)
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Net Income
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$
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$
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$
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$
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Other Comprehensive Loss, Net of Tax
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Investment securities available-for-sale:
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Net unrealized Losses
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(
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(
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Income Tax Effect
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Other Comprehensive Loss
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(
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(
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(
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Total Comprehensive Income
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$
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$
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$
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$
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Common
Stock
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Additional
Paid-in
Capital
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Unearned
ESOP
Stock
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Retained
Earnings
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Accumulated
Other
Comprehensive
Income (Loss)
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Total
Stockholders’
Equity
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BALANCE – September 30, 2021
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$
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$
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$
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(
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$
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$
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$
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Net Income
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Changes in Unrealized Gain on Securities Available-for-Sale, Net of Tax Effects
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(
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(
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Share Awards Earned | ||||||||||||||||||||||||
Stock Options Vested
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Common Stock Issuance for Stock Option Exercises
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ESOP Compensation Earned
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Company Stock Purchased
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(
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(
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Dividends Declared
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(
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(
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BALANCE – December 31, 2021
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$
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$
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$
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(
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$
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$
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$
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BALANCE – September 30, 2022
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$
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$
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$
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(
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$
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$
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(
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$
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Net Income
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Changes in Unrealized Loss on Securities Available-for-Sale, Net of Tax Effects
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Share Awards Earned |
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Stock Options Vested
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Common Stock Issuance for Stock Option Exercises
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ESOP Compensation Earned
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Company Stock Purchased
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(
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(
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Dividends Declared
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(
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(
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BALANCE – December 31, 2022
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$
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$
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$
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(
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)
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$
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$
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(
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)
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$
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Common
Stock
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Additional
Paid-in
Capital
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Unearned
ESOP
Stock
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Retained
Earnings
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Accumulated
Other
Comprehensive
Income (Loss)
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Total
Stockholders’
Equity
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BALANCE – June 30, 2021
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$
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$
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$
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(
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$
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$
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$
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Net Income
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Changes in Unrealized Gain on Securities Available-for-Sale, Net of Tax Effects
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(
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(
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Share Awards Earned
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Stock Options Vested
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Common Stock Issuance for Stock Option Exercises
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ESOP Compensation Earned
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Company Stock Purchased
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(
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(
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Dividends Declared
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(
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(
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BALANCE – December 31, 2021
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$
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$
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$
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(
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)
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$
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$
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$
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|||||||||||
BALANCE – June 30, 2022
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$
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$
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$
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(
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)
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$
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$
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(
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$
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Net Income
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Changes in Unrealized Loss on Securities Available-for-Sale, Net of Tax Effects
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(
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(
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Share Awards Earned
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