Home Federal Bancorp Files Q2 2025 10-Q

TL;DR

**HFBL files Q2 10-Q: Check financials for Louisiana-based savings institution.**

AI Summary

Home Federal Bancorp, Inc. of Louisiana filed its 10-Q for the period ending December 31, 2024. The filing covers the second quarter of their fiscal year. Key financial data and operational details for this period are presented, reflecting the company's performance and financial position.

Why It Matters

This filing provides investors and analysts with a detailed look into Home Federal Bancorp's financial health and operational performance during the second quarter of its fiscal year.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial disclosures for a publicly traded company.

Key Numbers

• Q2 2025 — Fiscal Quarter (The period covered by the 10-Q filing.)
• 2024-12-31 — Period End Date (The date as of which the financial statements are reported.)
• 2025-02-12 — Filing Date (The date the report was submitted to the SEC.)

Key Players & Entities

• Home Federal Bancorp, Inc. of Louisiana (company) — Filer of the 10-Q
• 2024-12-31 (date) — End of the reporting period
• 2025-02-12 (date) — Filing date
• 624 MARKET STREET, SHREVEPORT, LA 71101 (address) — Company's business and mailing address

FAQ

Key Financial Figures

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

Filing Documents

• ef20039010_10q.htm (10-Q) — 4701KB
• ef20039010_ex31-1.htm (EX-31.1) — 9KB
• ef20039010_ex31-2.htm (EX-31.2) — 9KB
• ef20039010_ex32-0.htm (EX-32.0) — 6KB
• 0001140361-25-003986.txt ( ) — 20666KB
• hfbl-20241231.xsd (EX-101.SCH) — 45KB
• hfbl-20241231_cal.xml (EX-101.CAL) — 112KB
• hfbl-20241231_def.xml (EX-101.DEF) — 264KB
• hfbl-20241231_lab.xml (EX-101.LAB) — 792KB
• hfbl-20241231_pre.xml (EX-101.PRE) — 450KB
• ef20039010_10q_htm.xml (XML) — 6267KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) Consolidated Balance Sheets 1 Consolidated Statements 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 44

SIGNATURES

SIGNATURES Index HOME FEDERAL BANCORP, INC. OF LOUISIANA CONSOLIDATED BALANCE SHEETS (In thousands except share and per share data) December 31, 2024 June 30, 2024 (Unaudited) ASSETS Cash and Cash Equivalents (Includes Interest-Bearing Deposits with Other Banks of $ 16,389 and $ 25,505 at December 31, 2024 and June 30, 2024, Respectively) $ 19,540 $ 34,948 Securities Available-for-Sal e (amortized cost December 31, 2024: $ 32,930 ; June 30, 2024: $ 30,347 , Respectively) 29,607 27,037 Securities Held-to-Maturity (fair value December 31 , 2024: $ 52,507 ; June 30, 2024: $ 54,450 , Respectively) 64,431 67,302 Other Securities 1,651 1,614 Loans Held-for-Sale 216 1,733 Loans Receivable, Net of Allowance for Credit Losses (Dec ember 31 , 2024: $ 4,749 ; June 30, 2024: $ 4,574 , Respectively) 458,693 470,852 Accrued Interest Receivable 1,787 1,775 Premises and Equipment, Net 17,844 18,303 Bank Owned Life Insurance 6,868 6,810 Goodwill 2,990 2,990 Core Deposit Intangible 1,053 1,199 Deferred Tax Asset 1,538 1,181 Real Estate Owned - 418 Other Assets 1,545 1,350 Total Assets $ 607,763 $ 637,512 LIABILITIES AND SHAREHOLDERS' EQUITY LIABILITIES Deposits: Non-interest bearing $ 128,439 $ 130,334 Interest-bearing 418,105 443,673 Total Deposits 546,544 574,007 Advances from Borrowers for Taxes and Insurance 269 521 Other Borrowings 4,000 7,000 Other Accrued Expenses and Liabilities 3,017 3,181 Total Liabilities 553,830 584,709 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: 3,132,764 and 3,144,168 Shares Issued and Outstanding at December 31 , 2024 and June 30, 2024, Respectively 32 32 Additional Paid-in Capital 42,010 41,739 Unearned ESOP Stock ( 350 ) ( 408 ) Retained Earnings 14,86

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) 1. Summary of Accounting Policies Basis of Presentation The consolidated financial statements include the accounts of Home Federal Bancorp, Inc. of Louisiana (the "Company") and its subsidiary, Home Federal Bank ("Home Federal Bank" or the "Bank"). These consolidated financial statements were prepared in accordance with instructions for Form 10-Q and Regulation S-X and do not include information or footnotes necessary for a complete presentation of financial condition, results of operations, and cash flows in conformity with accounting principles generally accepted in the United States of America. However, in the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the financial statements have been included. The results of operations for the three and six month periods ended December 31, 2024 are not necessarily indicative of the results which may be expected for the fiscal year ending June 30, 2025. These unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company's Annual Report on Form 10-K as of and for the year ended June 30, 2024 (the "Company's 2024 Form 10-K"). The Company follows accounting standards set by the Financial Accounting Standards Board (the "FASB"). The FASB sets generally accepted accounting principles ("GAAP") that we follow to ensure we consistently report our financial condition, results of operations, and cash flows. References to GAAP issued by the FASB in these footnotes are to the FASB Accounting Standards Codification (the "Codification" or the "ASC"). In accordance with the subsequent events topic of the ASC, the Company evaluates events and transactions that occur after the statement of financial condition date for potential recognition in the consolidated financial statements. The effect

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) 1. Summary of Accounting Policies (continued) Securities Securities are being accounted for in accordance with FASB ASC 320's, Investments, which requires the classification of securities into one of three categories: Trading, Available-for-Sale, or Held-to-Maturity. Management determines the appropriate classification of debt securities at the time of purchase and re-evaluates this classification periodically. Investments in debt securities, in which the Company has the positive intent and ability to hold to maturity, are classified as held-to-maturity and carried at cost, adjusted for amortization of the related premiums and accretion of discounts, using the interest method. Investments in debt securities that are not classified as held-to-maturity are classified as either trading or available-for-sale securities. Securities that are acquired and held principally for the purpose of selling in the near term are classified as trading securities. Investments in securities not classified as trading or held-to-maturity are classified as available-for-sale. Trading account and available-for-sale securities are carried at fair value. Unrealized holding gains and losses on trading securities are included in earnings, while net unrealized holding gains and losses on available-for-sale debt securities are excluded from earnings and reported in other comprehensive income. The Company held no trading securities as of December 31, 2024 and June 30, 2024. Purchase premiums and discounts are recognized in interest income using the interest method over the term of the securities. Securities are periodically reviewed for impairment. For debt securities in an unrealized loss position, the Company evaluates the securities to determine whether the decline is in the fair value below amortized cost basis (impairment) is due to credit or non-credit related factors. Any impairment that is not credit related is recognized

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) 1. Summary of Accounting Policies (continued) Loans Loans receivable are stated as unpaid principal balances less allowance for credit losses ( " ACL " ) and unamortized deferred loan fees. Net nonrefundable fees (loan origination fees, commitment fees, discount points) and costs associated with lending activities are being deferred and subsequently amortized into income as an adjustment of yield on the related interest earning assets using the interest method. Interest income on contractual loans receivable is recognized on the accrual method. Unearned discount on property improvement and automobile loans is deferred and amortized on the interest method over the life of the loan. Allowance for Credit Losses The discussion that follows describes the methodology for determining the ACL under the current expected credit loss ("CECL") model that was implemented effective July 1, 2023 in accordance with ASU No. 2016-13 and subsequent ASUs issued to amend ASC Topic 326. The Company has elected to exclude accrued interest receivable from the measurement of its ACL. When a loan is placed on non-accrual status, any outstanding accrued interest is reversed against interest income. The ACL for loans is an estimate of the expected losses to be realized over the life of the loans in the portfolio. The ACL is determined for two distinct categories of loans: 1) loans evaluated collectively for expected credit losses and 2) loans evaluated individually for expected credit losses. The ACL also includes certain qualitative adjustments to the ASU 2016-13 model. Loans Evaluated Collectively. Homogeneous loans are evaluated collectively for expected credit losses. The loan pools/segments with similar risk characteristics were determined by Call Report codes. Loans Evaluated Individually . Loans evaluated individually for expected credit losses could include loans on non-accrual status. Management estimates the all

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) 1. Summary of Accounting Policies (continued) Allowance for Credit Losses (continued) The following is a summary of the Company's internal risk rating categories: Pass: Loans classified as pass are well protected by the current net worth or paying capacity of the obligor or by the fair value, less costs to acquire and sell the underlying collateral in a timely manner. Pass Watch - Loans are considered marginal, meaning some weakness has been identified which could cause future impairment of repayment. However, these relationships are currently protected from any apparent loss by collateral. Special Mention: Loans identified as special mention have a potential weakness that deserves management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment pros

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