Home Federal Bancorp, Inc. of Louisiana Files 10-Q for Period Ending December 31, 2023

TL;DR

<b>Home Federal Bancorp, Inc. of Louisiana filed its quarterly report (10-Q) for the period ending December 31, 2023.</b>

AI Summary

Home Federal Bancorp, Inc. of Louisiana (HFBL) filed a Quarterly Report (10-Q) with the SEC on February 12, 2024. Home Federal Bancorp, Inc. of Louisiana filed a 10-Q report for the period ending December 31, 2023. The filing covers the fiscal period from July 1, 2023, to December 31, 2023. The company's fiscal year ends on June 30. The filing was submitted on February 12, 2024. Home Federal Bancorp, Inc. of Louisiana is classified under SIC code 6035 (Savings Institution, Federally Chartered).

Why It Matters

For investors and stakeholders tracking Home Federal Bancorp, Inc. of Louisiana, this filing contains several important signals. This 10-Q filing provides investors and analysts with the latest financial performance and operational details of Home Federal Bancorp, Inc. of Louisiana. Understanding the company's financial position and trends as of December 31, 2023, is crucial for assessing its current health and future prospects.

Risk Assessment

Risk Level: low — Home Federal Bancorp, Inc. of Louisiana shows low risk based on this filing. The filing is a standard 10-Q, which is a routine quarterly report and does not indicate any unusual or high-risk events.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand Home Federal Bancorp's performance and outlook.

Key Numbers

• 2023-12-31 — Period End Date (Conformed period of report)
• 2024-02-12 — Filing Date (Filed as of date)
• 2023-07-01 — Quarter Start Date (Reporting period)
• 2022-10-01 — Prior Year Quarter Start Date (Comparative period)
• 2022-12-31 — Prior Year Quarter End Date (Comparative period)

Key Players & Entities

• Home Federal Bancorp, Inc. of Louisiana (company) — Filer name
• 2023-12-31 (date) — Period of report
• 2024-02-12 (date) — Filed as of date
• 0001500375 (company) — Central Index Key
• 6035 (other) — Standard Industrial Classification
• LA (other) — State of incorporation
• 0630 (other) — Fiscal year end
• 10-Q (other) — Form type

FAQ

Industry Context

Home Federal Bancorp, Inc. of Louisiana operates as a savings institution, federally chartered, within the financial services sector.

Regulatory Implications

As a federally chartered savings institution, the company is subject to regulations from federal banking authorities.

What Investors Should Do

1. Analyze the balance sheet and income statement for the period ending December 31, 2023.
2. Review any disclosures related to regulatory compliance or changes in banking regulations.
3. Compare the financial results to the same period in the prior year to identify trends.

Key Dates

• 2023-12-31: Period End Date — End of the reporting quarter for the 10-Q filing.
• 2024-02-12: Filing Date — Date the 10-Q report was officially submitted to the SEC.
• 2023-07-01: Quarter Start Date — Beginning of the fiscal period covered by the 10-Q.
• 2022-12-31: Prior Year Quarter End Date — End of the comparable quarter in the previous fiscal year.

Year-Over-Year Comparison

This filing represents the quarterly update for the period ending December 31, 2023, compared to previous filings which would cover different reporting periods.

Key Financial Figures

• $0.01 — ich registered Common Stock (par value $0.01 per share) HFBL Nasdaq Stock Market

Filing Documents

• ef20015342_10q.htm (10-Q) — 4574KB
• ef20015342_ex31-1.htm (EX-31.1) — 9KB
• ef20015342_ex31-2.htm (EX-31.2) — 9KB
• ef20015342_ex32-0.htm (EX-32.0) — 6KB
• 0001140361-24-007011.txt (&nbsp;) — 20622KB
• hfbl-20231231.xsd (EX-101.SCH) — 47KB
• hfbl-20231231_cal.xml (EX-101.CAL) — 115KB
• hfbl-20231231_def.xml (EX-101.DEF) — 326KB
• hfbl-20231231_lab.xml (EX-101.LAB) — 867KB
• hfbl-20231231_pre.xml (EX-101.PRE) — 514KB
• ef20015342_10q_htm.xml (XML) — 6008KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) Consolidated Statements of Financial Condition 1 Consolidated Statements of Income 2 Consolidated Statements of Comprehensive Income 3 Consolidated Statements of Changes in Stockholders' Equity 4 Consolidated Statements of Cash Flows 6

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 8 Item 2:

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 34 Item 3:

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 42 Item 4:

Controls and Procedures

Controls and Procedures 42 PART II OTHER INFORMATION Item 1:

Legal Proceedings

Legal Proceedings 43 Item 1A:

Risk Factors

Risk Factors 43 Item 2: Unregistered Sales of Equity Securities and Use of Proceeds 43 Item 3: Defaults Upon Senior Securities 43 Item 4: Mine Safety Disclosures 43 Item 5: Other Information 43 Item 6: Exhibits 43

SIGNATURES

SIGNATURES Index HOME FEDERAL BANCORP, INC. OF LOUISIANA CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION December 31, 2023 (Unaudited) June 30, 2023 (Audited) (In thousands except share and per share data) December 31, 2023 June 30, 2023 (Unaudited) (Audited) ASSETS Cash and Cash Equivalents (Includes Interest-Bearing Deposits with Other Banks of $ 990 and $ 22,215 December 31, 2023 and June 30, 2023, Respectively) $ 8,668 $ 24,765 Securities Available-for-Sal e (amortized cost December 31, 2023: $ 39,937 ; June 30, 2023: $ 42,910 , Respectively) 37,309 39,551 Securities Held-to-Maturity (fair value December 31, 2023: $ 59,728 ; June 30, 2023: $ 61,222 , Respectively) 71,533 74,423 Loans Held-for-Sale 1,851 4 Loans Receivable, Net of Allowance for Credit Losses (December 31, 2023: $ 5,073 ; June 30, 2023: $ 5,173 , Respectively) 501,761 489,493 Accrued Interest Receivable 1,883 1,790 Premises and Equipment, Net 17,605 16,561 Bank Owned Life Insurance 6,754 6,700 Goodwill 2,990 2,990 Core Deposit Intangible 1,354 1,533 Deferred Tax Asset 1,173 1,313 Real Estate Owned - 368 Other Assets 1,307 1,424 Total Assets $ 654,188 $ 660,915 LIABILITIES AND SHAREHOLDERS' EQUITY LIABILITIES Deposits: Non-interest bearing $ 136,217 $ 145,553 Interest-bearing 447,472 451,808 Total Deposits 583,689 597,361 Advances from Borrowers for Taxes and Insurance 345 554 Short-term Federal Home Loan Bank Advances 5,400 - Other Borrowings 9,650 8,550 Other Accrued Expenses and Liabilities 2,510 3,908 Total Liabilities 601,594 610,373 SHAREHOLDERS' EQUITY Preferred Stock - $ 0.01 Par Value; 10,000,000 Shares Authorized; None Issued and Outstanding - - Common Stock - $ 0.01 Par Value; 40,000,000 Shares Authorized: 3,143,532 and 3,133,351 Shares Issued and Outstanding at December 31, 2023 and June 30, 2023, Respectively 31 31 Additional Paid-in Ca

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View this 10-Q filing on SEC EDGAR