$HFBL

Home Federal Bancorp, Inc. of Louisiana

CIK:0001500375|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Interest income
Loans, including fees	$ 29,510	$ 27,346
Investment securities	56	325
Mortgage-backed securities	2,266	1,941
Other interest-earning assets	666	850
Total interest income	32,498	30,462
Interest expense
Deposits	10,424	11,441
Federal Home Loan Bank borrowings	13	0
Other bank borrowings	272	350
Total interest expense	10,709	11,791
Net interest income	21,789	18,671
Provision for (recovery of) credit losses	594	(126)
Net interest income after provision for credit losses	21,195	18,797
Non-interest income
Loss on sale of real estate	(18)	(265)
Gain on sale of loans	642	384
Loss on sale of securities	0	(6)
Income on bank owned life insurance	114	116
Service charges on deposit accounts	1,712	1,568
Other income	222	208
Total non-interest income	2,672	2,005
Non-interest expense
Compensation and benefits	8,851	8,940
Occupancy and equipment	2,384	2,354
Data processing	1,350	1,439
Audit and examination fees	411	597
Franchise and bank shares tax	429	439
Advertising	123	145
Professional fees	477	495
Loan and collection	158	134
Amortization of core deposit intangible	240	284
Deposit insurance premium	380	347
Other real estate owned write-down expense	200	0
Other expenses	1,079	974
Total non-interest expense	16,082	16,148
Income before income taxes	7,785	4,654
Provision for income tax expense	1,611	766
Net income	$ 6,174	$ 3,888
Earnings per share
Basic (in Dollars per share)	$ 2.05	$ 1.27
Diluted (in Dollars per share)	$ 2.02	$ 1.26

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities
Net income	$ 6,174	$ 3,888
Gain on sale of loans	(642)	(384)
Loss on sale of investments	0	6
Net amortization and accretion on securities	(378)	(189)
Amortization of deferred loan fees	(78)	(71)
Amortization of purchased loans	(178)	(263)
Provision for (recovery of) credit losses	594	(126)
Depreciation of premises and equipment	1,122	1,083
Loss on sale of real estate	18	265
ESOP compensation expense	194	218
Stock option expense	114	94
Deferred income tax expense (benefit)	84	(163)
Share awards expense	156	112
Increase in cash surrender value on bank owned life insurance	(114)	(116)
Amortization of core deposit intangible	240	284
Write-down of other real estate owned	200	0
Changes in assets and liabilities:
Loans held-for-sale – originations and purchases	(30,160)	(18,119)
Loans held-for-sale – sale and principal repayments	30,688	18,696
Accrued interest receivable	(59)	(61)
Other operating assets	(115)	45
Other operating liabilities	(240)	273
Net cash from operating activities	7,620	5,472
Cash flows from investing activities
Loan originations and purchases, net	(15,813)	9,268
Deferred loan fees collected	55	78
Acquisition of premises and equipment	(29)	(46)
Proceeds from sale of real estate	1,106	262
Improvements to real estate owned prior to disposition	(34)	(117)
Changes in FHLB stock	(304)	964
Activity in available-for-sale securities:
Maturities, prepayments and calls	6,292	5,900
Purchases	(15,169)	(12,695)
Sales	0	651
Activity in held-to-maturity securities:
Maturities, prepayments and calls	5,865	5,948
Net cash from investing activities	(18,031)	10,213
Cash flows from financing activities
Net increase (decrease) in deposits	31,002	(27,717)
Proceeds from advances from federal home loan bank	2,000	0
Repayments of advances from federal home loan bank	(2,000)	0
Dividends paid	(1,663)	(1,629)
Company stock purchased	(3,333)	(1,073)
Net (decrease) increase in advances from borrowers for taxes and insurance	(32)	22
Repayments of other bank borrowings	(444)	(3,000)
Proceeds from stock options exercised	1,838	111
Net cash from financing activities	27,368	(33,286)
Net increase (decrease) in cash and cash equivalents	16,957	(17,601)
Cash and cash equivalents - beginning of period	17,347	34,948
Cash and cash equivalents - end of period	34,304	17,347
Supplemental cash flow information
Interest paid on deposits and borrowed funds	10,685	11,752
Income taxes paid	1,650	685
Market value adjustment for gain on securities available-for-sale	93	862
Transfer from loans to other real estate owned	$ 934	$ 961

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025
Assets
Cash and cash equivalents (includes interest-bearing deposits with other banks of $28,135 and $10,380 at June 30, 2026 and June 30, 2025, respectively)	$ 34,304	$ 17,347
Securities available-for-sale (amortized cost June 30, 2026: $45,980; June 30, 2025: $36,695, respectively)	43,624	34,246
Securities held-to-maturity (fair value June 30, 2026: $46,658; June 30, 2025: $51,139, respectively)	55,439	61,334
Other securities	954	650
Loans held-for-sale	1,654	1,540
Loans receivable, net of allowance for credit losses (June 30, 2026: $4,926; June 30, 2025: $4,484, respectively)	475,491	461,004
Accrued interest receivable	1,895	1,836
Premises and equipment, net	16,173	17,266
Bank owned life insurance	7,040	6,926
Goodwill	2,990	2,990
Core deposit intangible	675	915
Deferred tax asset	1,058	1,163
Other real estate owned	613	970
Other assets	1,420	1,305
Total assets	643,330	609,492
Deposits:
Non-interest bearing	138,059	122,416
Interest bearing	439,233	423,874
Total deposits	577,292	546,290
Advances from borrowers for taxes and insurance	511	543
Other borrowings	3,556	4,000
Other accrued expenses and liabilities	3,214	3,454
Total liabilities	584,573	554,287
Stockholders’ equity
Preferred stock - $0.01 par value; 10,000,000 shares authorized: none issued and outstanding	0	0
Common stock - $0.01 par value; 40,000,000 shares authorized: 3,042,451 and 3,084,764 shares issued and outstanding at June 30, 2026 and June 30, 2025, respectively	30	32
Additional paid-in capital	44,429	42,187
Unearned ESOP stock	(263)	(321)
Retained earnings	16,423	15,241
Accumulated other comprehensive loss	(1,862)	(1,934)
Total stockholders' equity	58,757	55,205
Total liabilities and stockholders' equity	$ 643,330	$ 609,492