FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _________________. Commission File Number 001-35019 HOME FEDERAL BANCORP, INC. OF LOUISIANA (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | ...

Core Viewpoint - Home Federal Bancorp Of Louisiana reported strong financial results for Q2 2025, with significant increases in net income and earnings per share, driven by lower funding costs and improved non-interest income [1][2]. Financial Performance - Net income for Q2 2025 was $1.2 million, a 100% increase from $0.6 million in Q2 2024 [2]. - Diluted earnings per share rose to $0.38, reflecting an 81% increase from $0.21 a year earlier [2]. - Net interest income increased by 13% to $4.97 million compared to $4.4 million in the previous year [2]. - Non-interest income grew by 40% to $0.7 million, primarily due to a gain on the sale of loans and higher service charges [2][6]. - The net interest margin improved to 3.52%, up from 2.91% a year earlier, attributed to a decrease in funding costs [2][5]. Operational Developments - Average rate paid on interest-bearing deposits decreased to 2.48% from 2.98% year-over-year, contributing to the improved net interest margin [5]. - Operating expenses increased by 1.4%, mainly due to a one-time data processing cost, while other expenses declined [7]. - Non-performing assets rose to 0.54% of total assets, up from 0.31% a year earlier, with real estate owned increasing by 132% [8]. Balance Sheet and Capital Metrics - Total assets declined by 4.4% to $609.5 million, with net loans receivable falling by 2.1% [10]. - Total deposits decreased by 4.8%, although savings account balances increased by 24.8% [10]. - Stockholders' equity rose by 4.5% to $55.2 million, with book value per share reaching $17.66 [11]. Strategic Focus - The company focuses on managing funding costs, adjusting deposit mix, and maintaining credit quality, with local economic strength playing a significant role in performance [4][3]. Dividend and Capital Return - Total dividend payments for FY2025 were $1.6 million, with $1.1 million in share repurchases [13]. Future Outlook - Management did not provide formal guidance for future quarters, emphasizing the need to monitor asset quality, deposit trends, and competitive pressures in the local market [14].

Financial Highlights and Performance Overview [Overall Financial Performance](index=1&type=section&id=OverallFinancialPerformance) Home Federal Bancorp, Inc. reported significant increases in net income and earnings per share for both the three months and year ended June 30, 2025, compared to the prior year periods Net Income and EPS Performance | Metric | Q4 2025 | Q4 2024 | YoY Change (Q4) | FY 2025 | FY 2024 | YoY Change (FY) | | :---------- | :-------- | :-------- | :-------------- | :-------- | :-------- | :-------------- | | Net Income | $1.2M | $638K | +88.1% | $3.9M | $3.6M | +8.3% | | Basic EPS | $0.39 | $0.21 | +85.7% | $1.27 | $1.18 | +7.6% | | Diluted EPS | $0.38 | $0.21 | +80.9% | $1.26 | $1.17 | +7.7% | [Key Financial Ratios](index=1&type=section&id=KeyFinancialRatios) The Company demonstrated improved profitability metrics, with increases in average interest rate spread and net interest margin for both the quarter and the full year ended June 30, 2025 Key Profitability Ratios | Metric | Q4 2025 | Q4 2024 | YoY Change (Q4) | FY 2025 | FY 2024 | YoY Change (FY) | | :------------------------- | :------ | :------ | :-------------- | :------ | :------ | :-------------- | | Average Interest Rate Spread | 2.89% | 2.15% | +0.74 pp | 2.55% | 2.38% | +0.17 pp | | Net Interest Margin | 3.52% | 2.91% | +0.61 pp | 3.23% | 3.08% | +0.15 pp | [Balance Sheet Highlights](index=1&type=section&id=BalanceSheetHighlights) Book value per share increased, and the company reduced its other borrowings, while FHLB advances remained at zero at year-end Selected Balance Sheet Items | Metric | June 30, 2025 | June 30, 2024 | Change |\n| :----------------- | :------------ | :------------ | :----- | | Book Value Per Share | $17.66 | $16.80 | +$0.86 |\n| Other Borrowings | $4.0M | $7.0M | -$3.0M |\n| FHLB Advances | $0 | $0 | $0 | Detailed Income Statement Analysis [Net Interest Income](index=1&type=section&id=NetInterestIncome) Net interest income increased for the three months ended June 30, 2025, primarily due to a significant decrease in interest expense. However, for the full year, net interest income slightly decreased due to a larger decline in interest income Net Interest Income Performance | Metric | Q4 2025 | Q4 2024 | YoY Change (Q4) | FY 2025 | FY 2024 | YoY Change (FY) | | :---------------- | :-------- | :-------- | :-------------- | :--------- | :--------- | :-------------- | | Net Interest Income | $4.973M | $4.360M | +$613K (+14.1%) | $18.671M | $18.951M | -$280K (-1.5%) | [Interest Income](index=1&type=section&id=InterestIncome) Interest income decreased for both the quarter and the full year, primarily due to lower income from other interest-earning assets and loans Total Interest Income | Metric | Q4 2025 | Q4 2024 | YoY Change (Q4) | FY 2025 | FY 2024 | YoY Change (FY) | | :---------------- | :-------- | :-------- | :-------------- | :--------- | :--------- | :-------------- | | Total Interest Income | $7.638M | $7.819M | -$181K (-2.3%) | $30.462M | $31.864M | -$1.4M (-4.4%) | - The decrease in total interest income for Q4 2025 was primarily due to lower income from other interest-earning assets, partially offset by increases in investment securities and mortgage-backed securities income[2](index=2&type=chunk)[3](index=3&type=chunk)[20](index=20&type=chunk) - For the full year, the decrease was mainly driven by lower income from loans and investment securities[2](index=2&type=chunk)[3](index=3&type=chunk)[20](index=20&type=chunk) [Interest Expense](index=1&type=section&id=InterestExpense) Interest expense decreased for both periods, mainly driven by lower interest paid on deposits and other bank borrowings Total Interest Expense | Metric | Q4 2025 | Q4 2024 | YoY Change (Q4) | FY 2025 | FY 2024 | YoY Change (FY) | | :---------------- | :-------- | :-------- | :-------------- | :--------- | :--------- | :-------------- | | Total Interest Expense | $2.665M | $3.459M | -$794K (-23.0%) | $11.791M | $12.913M | -$1.1M (-8.7%) | - The decrease in total interest expense for both periods was primarily due to lower interest paid on deposits and other bank borrowings[2](index=2&type=chunk)[3](index=3&type=chunk)[20](index=20&type=chunk) [Non-Interest Income](index=1&type=section&id=NonInterestIncome) Non-interest income increased significantly for both the three-month and full-year periods, driven by gains on loan sales and other income, and for the year, a reduced loss on real estate sales Total Non-Interest Income | Metric | Q4 2025 | Q4 2024 | YoY Change (Q4) | FY 2025 | FY 2024 | YoY Change (FY) | | :---------------- | :------ | :------ | :-------------- | :------ | :------ | :-------------- | | Total Non-Interest Income | $679K | $506K | +$173K (+34.2%) | $2.005M | $1.584M | +$421K (+26.6%) | - Key drivers for the increase in non-interest income include: - **Q4 2025:** Increase in **gain on sale of loans (+$122K)**, service charges on deposit accounts (+$30K), and other non-interest income (+$19K)[2](index=2&type=chunk)[3](index=3&type=chunk)[6](index=6&type=chunk) - **FY 2025:** Decrease in **loss on sale of real estate (+$150K)**, increase in other non-interest income (+$134K), and increase in gain on sale of loans (+$119K)[2](index=2&type=chunk)[3](index=3&type=chunk)[6](index=6&type=chunk) [Non-Interest Expense](index=1&type=section&id=NonInterestExpense) Non-interest expense slightly increased for the three-month period but decreased for the full year. The annual decrease was primarily due to significant reductions in compensation and benefits, franchise tax, and advertising, despite a substantial increase in data processing expense related to a billing settlement Total Non-Interest Expense | Metric | Q4 2025 | Q4 2024 | YoY Change (Q4) | FY 2025 | FY 2024 | YoY Change (FY) | | :---------------- | :-------- | :-------- | :-------------- | :--------- | :--------- | :-------------- | | Total Non-Interest Expense | $4.051M | $3.997M | +$54K (+1.4%) | $16.148M | $16.426M | -$278K (-1.7%) | - Key changes in non-interest expense: - **Q4 2025 increases:** Data processing (+$190K), occupancy and equipment (+$66K), audit and examination fees (+$31K)[2](index=2&type=chunk)[3](index=3&type=chunk)[7](index=7&type=chunk) - **Q4 2025 decreases:** Compensation and benefits (-$114K), advertising (-$36K), franchise and bank shares tax (-$33K)[2](index=2&type=chunk)[3](index=3&type=chunk)[7](index=7&type=chunk) - **FY 2025 decreases:** Compensation and benefits (-$584K), franchise and bank shares tax (-$217K), advertising (-$215K)[2](index=2&type=chunk)[3](index=3&type=chunk)[7](index=7&type=chunk) - **FY 2025 increases:** Data processing (+$784K), occupancy and equipment (+$152K), audit and examination fees (+$48K)[2](index=2&type=chunk)[3](index=3&type=chunk)[7](index=7&type=chunk) - The significant increase in data processing expense for both periods resulted from a negotiated discounted settlement to resolve outstanding invoices for certain services dating back to December 2022, due to a billing discrepancy with the core processor[7](index=7&type=chunk) [Provision for Credit Losses](index=1&type=section&id=ProvisionForCreditLosses) The provision for credit losses slightly increased for the three-month period but showed a recovery for the full year, indicating a net reduction in credit loss reserves over the annual period Provision for (Recovery of) Credit Losses | Metric | Q4 2025 | Q4 2024 | YoY Change (Q4) | FY 2025 | FY 2024 | YoY Change (FY) | | :---------------------------------------- | :------ | :------ | :-------------- | :------ | :------ | :-------------- | | Provision for (Recovery of) Credit Losses | $46K | $45K | +$1K (+2.2%) | -$126K | $40K | -$166K | [Provision for Income Taxes](index=1&type=section&id=ProvisionForIncomeTaxes) The provision for income taxes increased substantially for both the three-month and full-year periods, reflecting the higher pre-tax income Provision for Income Tax Expense | Metric | Q4 2025 | Q4 2024 | YoY Change (Q4) | FY 2025 | FY 2024 | YoY Change (FY) | | :------------------------- | :------ | :------ | :-------------- | :------ | :------ | :-------------- | | Provision for Income Tax Expense | $374K | $186K | +$188K (+101.1%)| $766K | $476K | +$290K (+60.9%) | Detailed Balance Sheet Analysis [Assets](index=3&type=section&id=Assets) Total assets decreased by 4.4% year-over-year, primarily driven by significant reductions in cash and cash equivalents and net loans receivable, partially offset by increases in real estate owned and investment securities Total Assets | Metric | June 30, 2025 | June 30, 2024 | Change | | :---------- | :------------ | :------------ | :------------ | | Total Assets| $609.5M | $637.5M | -$28.0M (-4.4%)| - Major decreases in assets include: - Cash and cash equivalents: **-$17.6M (-50.4%)**[8](index=8&type=chunk) - Net loans receivable: **-$9.9M (-2.1%)**[8](index=8&type=chunk) - Premises and equipment: -$1.0M (-5.7%)[8](index=8&type=chunk) - Major increases in assets include: - Real estate owned: +$552K (+132.1%)[8](index=8&type=chunk) - Investment securities: +$277K (+0.3%)[8](index=8&type=chunk) [Liabilities](index=3&type=section&id=Liabilities) Total liabilities decreased by 5.2% year-over-year, mainly due to reductions in total deposits and other borrowings, partially offset by increases in other accrued expenses and advances from borrowers for taxes and insurance Total Liabilities | Metric | June 30, 2025 | June 30, 2024 | Change | | :------------- | :------------ | :------------ | :------------ | | Total Liabilities| $554.3M | $584.7M | -$30.4M (-5.2%)| - Major decreases in liabilities include: - Total deposits: **-$27.7M (-4.8%)**[9](index=9&type=chunk) - Other borrowings: **-$3.0M (-42.9%)**[9](index=9&type=chunk) - Major increases in liabilities include: - Other accrued expenses and liabilities: +$273K (+8.6%)[9](index=9&type=chunk) - Advances from borrowers for taxes and insurance: +$22K (+4.2%)[9](index=9&type=chunk) - The decrease in deposits was driven by reductions in certificates of deposit (-$27.5M), money market deposits (-$11.7M), and non-interest deposits (-$7.9M), partially offset by increases in savings deposits (+$19.0M) and NOW accounts (+$506K)[9](index=9&type=chunk) [Stockholders' Equity](index=4&type=section&id=StockholdersEquity) Stockholders' equity increased by 4.5% year-over-year, primarily due to net income, a decrease in accumulated other comprehensive loss, and stock-based compensation/issuance, partially offset by dividends paid and stock repurchases Total Stockholders' Equity | Metric | June 30, 2025 | June 30, 2024 | Change | | :----------------- | :------------ | :------------ | :------------ | | Total Stockholders' Equity | $55.2M | $52.8M | +$2.4M (+4.5%)| - Key drivers for the increase in stockholders' equity include: - Net income for the year: **+$3.9M**[12](index=12&type=chunk) - Decrease in accumulated other comprehensive loss: +$681K[12](index=12&type=chunk) - Vesting of restricted stock awards, stock options, and ESOP shares: +$425K[12](index=12&type=chunk) - Proceeds from common stock issuance: +$111K[12](index=12&type=chunk) - Partially offset by: - Dividends paid: **-$1.6M**[12](index=12&type=chunk) - Stock repurchases: **-$1.1M**[12](index=12&type=chunk) [Asset Quality](index=3&type=section&id=AssetQuality) Non-performing assets increased significantly year-over-year, rising to 0.54% of total assets. The allowance for credit losses as a percentage of non-performing loans decreased, while as a percentage of total loans, it remained stable Asset Quality Ratios | Metric | June 30, 2025 | June 30, 2024 | Change |\n| :----------------------------------------- | :------------ | :------------ | :----- | | Non-performing assets | $3.3M | $1.9M | +$1.4M |\n| Non-performing assets as a percent of total assets | 0.54% | 0.31% | +0.23 pp |\n| Allowance for credit losses as a percent of non-performing loans | 191.99% | 228.70% | -36.71 pp |\n| Allowance for credit losses as a percent of total loans receivable | 0.96% | 0.96% | 0.00 pp | - Non-performing assets at June 30, 2025, consisted of six one-to-four family residential loans, two home equity loans, three commercial non-real estate loans, two commercial real-estate loans, and one single-family residence in other real estate owned[10](index=10&type=chunk) Company Information and Disclosures [Business Description](index=4&type=section&id=BusinessDescription) Home Federal Bancorp, Inc. of Louisiana serves as the holding company for Home Federal Bank, which operates through ten full-service banking offices and a home office located in northwest Louisiana - Home Federal Bank conducts business from its ten full-service banking offices and home office in northwest Louisiana[13](index=13&type=chunk) [Forward-Looking Statements & Risk Factors](index=4&type=section&id=ForwardLookingStatementsRiskFactors) The report includes forward-looking statements and outlines various risk factors that could cause actual results to differ from expectations, such as economic conditions, legislative and regulatory changes, interest rate fluctuations, and asset quality - Forward-looking statements are identified by words like 'believe', 'expect', 'anticipate', 'estimate', and 'intend', or future/conditional verbs, and the Company undertakes no obligation to update them[14](index=14&type=chunk) - Key risk factors include: strength of the U.S. and local economies, general economic conditions, legislative and regulatory changes, monetary and fiscal policies, changes in tax policies, interest rate changes, deposit flows, demand for loan products, competition, changes in asset quality, geographic concentration, real estate values, adequacy of loan loss reserves, goodwill impairment, and changes in accounting principles[15](index=15&type=chunk) [Contact Information](index=7&type=section&id=ContactInformation) Contact information for investor inquiries is provided, listing the Chairman of the Board, President, and Chief Executive Officer - Contact: James R. Barlow, Chairman of the Board, President and Chief Executive Officer, (318) 222-1145[23](index=23&type=chunk) Consolidated Financial Statements and Notes [Consolidated Balance Sheets](index=5&type=section&id=ConsolidatedBalanceSheets) This section presents the detailed consolidated balance sheets for Home Federal Bancorp, Inc. of Louisiana as of June 30, 2025, and June 30, 2024, outlining the company's assets, liabilities, and stockholders' equity - The full Consolidated Balance Sheets are provided, detailing assets such as cash and cash equivalents, securities, loans receivable, premises and equipment, and liabilities including deposits, borrowings, and stockholders' equity[17](index=17&type=chunk)[18](index=18&type=chunk) [Consolidated Statements of Operations](index=6&type=section&id=ConsolidatedStatementsOfOperations) This section provides the detailed consolidated statements of operations for the three months and year ended June 30, 2025, and 2024, covering interest income and expense, non-interest income and expense, provision for credit losses, income taxes, and net income - The full Consolidated Statements of Operations are presented, showing a breakdown of interest income (loans, securities), interest expense (deposits, borrowings), net interest income, provision for credit losses, non-interest income, non-interest expense, income before taxes, provision for income tax expense, and net income[19](index=19&type=chunk)[20](index=20&type=chunk) [Selected Operating and Per Share Data](index=7&type=section&id=SelectedOperatingAndPerShareData) This section presents key financial ratios, including selected operating ratios, asset quality ratios, and per share data, for the three months and year ended June 30, 2025, and 2024 - The report includes tables for Selected Operating Ratios (average interest rate spread, net interest margin, return on average assets, return on average equity), Asset Quality Ratios (non-performing assets as a percent of total assets, allowance for credit losses as a percent of non-performing loans and total loans), and Per Share Data (shares outstanding, weighted average shares outstanding)[21](index=21&type=chunk)[22](index=22&type=chunk)

Core Viewpoint - Home Federal Bancorp, Inc. of Louisiana reported a significant increase in net income for both the quarterly and annual periods ending June 30, 2025, driven by higher net interest income and non-interest income, despite increases in tax provisions and some expenses [1][3]. Financial Performance - For the three months ended June 30, 2025, net income was $1.2 million, up from $638,000 in the same period of 2024, with earnings per share increasing to $0.39 from $0.21 [1]. - For the year ended June 30, 2025, net income rose to $3.9 million from $3.6 million in 2024, with earnings per share increasing to $1.27 from $1.18 [1][3]. Income Sources - The increase in net income for the three months was primarily due to a $612,000 (14.2%) rise in net interest income and a $173,000 (34.2%) increase in non-interest income, partially offset by a $188,000 (101.1%) rise in income tax provision [2]. - For the year, the increase in net income was attributed to a $421,000 (26.6%) rise in non-interest income and a $166,000 recovery in credit losses, despite a $290,000 (60.9%) increase in income tax provision [3]. Interest Income and Expenses - The average interest rate spread improved to 2.89% for the three months ended June 30, 2025, compared to 2.15% in 2024, while the net interest margin increased to 3.52% from 2.91% [2]. - For the year, the average interest rate spread was 2.55%, up from 2.38%, and the net interest margin was 3.23%, compared to 3.08% in the previous year [3]. Asset and Liability Management - Total assets decreased by $28.0 million (4.4%) from $637.5 million at June 30, 2024, to $609.5 million at June 30, 2025, primarily due to a $17.6 million (50.4%) decrease in cash and cash equivalents [9]. - Total liabilities decreased by $30.4 million (5.2%) from $584.7 million to $554.3 million, with total deposits declining by $27.7 million (4.8%) [10]. Stockholders' Equity - Stockholders' equity increased by $2.4 million (4.5%) from $52.8 million at June 30, 2024, to $55.2 million at June 30, 2025, driven by net income and a decrease in accumulated other comprehensive loss [12]. Non-Performing Assets - Non-performing assets rose to $3.3 million at June 30, 2025, from $1.9 million at June 30, 2024, indicating a deterioration in asset quality [11].

Core Points - Home Federal Bancorp, Inc. of Louisiana declared a quarterly cash dividend of $0.135 per share, payable on August 18, 2025, to shareholders of record as of August 4, 2025 [1] - This marks the twelfth consecutive annual increase in the dividend rate and the 81st consecutive quarterly cash dividend, demonstrating the company's commitment to shareholder value and confidence in its financial strength [2] - The dividend increase reflects a payout ratio of approximately 49.5% based on earnings for the trailing four fiscal quarters ended March 31, 2025 [2] Company Overview - Home Federal Bancorp, Inc. is the holding company for Home Federal Bank, which operates ten full-service banking offices in northwest Louisiana [2]

Financial Performance - Net interest income increased to $4,674 thousand for the three months ended March 31, 2025, compared to $4,404 thousand for the same period in 2024, reflecting a growth of about 6.1%[12] - Net income for the three months ended March 31, 2025, was $748 thousand, slightly up from $732 thousand in the same period of 2024, indicating a year-over-year increase of 2.2%[12] - Non-interest income rose to $538 thousand for the three months ended March 31, 2025, compared to $506 thousand for the same period in 2024, marking an increase of about 6.3%[12] - Total non-interest expense rose to $4,251 thousand for the three months ended March 31, 2025, compared to $3,991 thousand for the same period in 2024, an increase of 6.5%[12] - The company reported a total comprehensive income of $1,317 thousand for the three months ended March 31, 2025, compared to $231 thousand for the same period in 2024, indicating a significant increase[15] - Net income for the nine months ended March 31, 2025, was $2,708,000, compared to $2,955,000 for the same period in 2024, reflecting a decrease of approximately 8.4%[23] Assets and Equity - Total assets decreased to $619,624 thousand as of March 31, 2025, from $637,512 thousand on June 30, 2024, representing a decline of approximately 2.8%[9] - Total stockholders' equity increased to $54,719 thousand as of March 31, 2025, from $52,803 thousand on June 30, 2024, reflecting a growth of approximately 3.6%[8] - The total balance of stockholders' equity as of March 31, 2025, was $54,719,000, an increase from $52,550,000 as of June 30, 2023[20] Deposits and Cash Flow - Total deposits decreased to $556,763 thousand as of March 31, 2025, from $574,007 thousand on June 30, 2024, a reduction of approximately 3.0%[8] - The company reported a net decrease in deposits of $17,244,000 for the nine months ended March 31, 2025, compared to a decrease of $18,480,000 in 2024[25] - Total cash and cash equivalents at the end of the period were $30,439,000, down from $34,948,000 at the beginning of the period, indicating a decrease of about 14.3%[25] - The net cash provided by operating activities was $4,452,000 for the nine months ended March 31, 2025, significantly higher than $460,000 for the same period in 2024[23] Credit Losses and Allowance - The allowance for credit losses was $4,632 thousand as of March 31, 2025, compared to $4,574 thousand as of June 30, 2024, indicating a slight increase in credit risk management[12] - The Company recorded an increase in the allowance for credit losses of $359,000 upon the adoption of ASU 2016-13 on July 1, 2023[74] - The ACL for off-balance sheet credit exposures is recorded in other liabilities, representing expected losses in unfunded loan commitments[56] - The Company evaluates qualitative factors for ACL adjustments, including changes in lending policy and overall business conditions[55] Loans and Securities - Total loans receivable decreased from $475,524,000 on June 30, 2024, to $463,045,000 on March 31, 2025, reflecting a decline of approximately 2.8%[90] - The net loans receivable as of March 31, 2025, stood at $458,301,000 after accounting for an allowance for credit losses of $4,632,000[90] - Total securities available-for-sale as of March 31, 2025, had a fair value of $32,149,000, with gross unrealized losses of $2,638,000[77] - The total amortized cost of available-for-sale securities was $34,751,000, with a fair value of $32,149,000, resulting in unrealized losses of $2,602,000[80] Risk Management and Future Outlook - The company has plans for market expansion and new product development to enhance its competitive position in the industry[103] - Future outlook includes a focus on improving risk management strategies and enhancing customer engagement through technology[103] - The company is exploring potential mergers and acquisitions to drive growth and increase market share[103] Miscellaneous - The Company follows GAAP set by the FASB to ensure consistent reporting of financial condition and results of operations[29] - The financial statements are unaudited, indicating a need for further verification of the reported figures[106] - The Company follows the provisions of ASC 740 for income tax recognition and measurement[65]

Financial Performance - Net income for the three months ended March 31, 2025, was $748,000, a slight increase from $732,000 for the same period in 2024[1] - Basic and diluted earnings per share for the three months ended March 31, 2025, were $0.24, unchanged from the same period in 2024[1] - Net income for the nine months ended March 31, 2025, decreased to $2.7 million from $3.0 million for the same period in 2024[1] - Non-interest income for the nine months ended March 31, 2025, increased by $248,000, or 23.0%, compared to the same period in 2024[3] - Net income for the nine-month period was $2.7 million, down from $2.955 million in the previous year, indicating a decrease of 8.4%[19] - Total interest income decreased to $22.824 million for the nine months ended March 31, 2025, compared to $24.044 million for the same period in 2024, a decline of 5.1%[19] Asset and Liability Management - Total assets decreased by $17.9 million, or 2.8%, from $637.5 million at June 30, 2024, to $619.6 million at March 31, 2025[8] - Total liabilities decreased by $19.8 million, or 3.4%, from $584.7 million at June 30, 2024, to $564.9 million at March 31, 2025[9] - Total deposits decreased by $17.2 million, or 3.0%, from $574.0 million at June 30, 2024, to $556.8 million at March 31, 2025[9] - Total assets decreased to $619.624 million as of March 31, 2025, from $637.512 million at June 30, 2024, a reduction of 2.8%[17] - Total deposits declined to $556.763 million as of March 31, 2025, from $574.007 million at June 30, 2024, a decrease of 3.0%[17] Equity and Book Value - Book value per share increased to $17.55 at March 31, 2025, from $16.80 at June 30, 2024[4] - Shareholders' equity rose by $1.9 million, or 3.6%, from $52.8 million at June 30, 2024, to $54.7 million at March 31, 2025[12] Credit Quality - As of March 31, 2025, non-performing assets increased to $3.0 million from $1.9 million at June 30, 2024, representing a 57.9% increase[10] - Non-performing assets as a percentage of total assets increased to 0.49% as of March 31, 2025, from 0.37% at June 30, 2024[20] - The allowance for credit losses as a percentage of total loans receivable was 1.00% as of March 31, 2025, up from 0.97% at June 30, 2024[20] Interest Income and Rates - Net interest income for the three months ended March 31, 2025, increased by $270,000, or 6.1%, compared to the same period in 2024[2] - Average interest rate spread improved to 2.66% for the three months ended March 31, 2025, compared to 2.16% for the same period in 2024[2] - The average interest rate spread improved to 2.66% for the three months ended March 31, 2025, compared to 2.16% for the same period in 2024[20] - Basic earnings per share remained stable at $0.24 for the three months ended March 31, 2025, consistent with the same period in 2024[19]

Core Viewpoint - Home Federal Bancorp, Inc. of Louisiana reported a slight increase in net income for the three months ended March 31, 2025, compared to the same period in 2024, but a decrease in net income for the nine months ended March 31, 2025, compared to the prior year period Financial Performance - Net income for the three months ended March 31, 2025, was $748,000, up from $732,000 for the same period in 2024 [1] - Basic and diluted earnings per share remained at $0.24 for the three months ended March 31, 2025, consistent with the same period in 2024 [1] - Net income for the nine months ended March 31, 2025, was $2.7 million, down from $3.0 million for the same period in 2024 [1] - Basic and diluted earnings per share for the nine months ended March 31, 2025, were $0.88 compared to $0.97 and $0.95 for the same period in 2024 [1] Income and Expense Analysis - The increase in net income for the three months ended March 31, 2025, was primarily due to a $270,000 (6.1%) increase in net interest income and a $32,000 (6.3%) increase in non-interest income [2] - The decrease in net income for the nine months ended March 31, 2025, was mainly due to an $891,000 (6.1%) decrease in net interest income and a $102,000 (35.2%) increase in the provision for income taxes [3] - Non-interest expense increased by $260,000 (6.5%) for the three months ended March 31, 2025, primarily due to higher data processing and occupancy expenses [8] Interest Income and Expense - Total interest income for the three months ended March 31, 2025, was $7.425 million, down from $7.890 million in 2024 [22] - Total interest expense decreased to $2.751 million for the three months ended March 31, 2025, from $3.486 million in 2024 [22] - The average interest rate spread improved to 2.66% for the three months ended March 31, 2025, compared to 2.16% for the same period in 2024 [23] Asset and Liability Management - Total assets decreased by $17.9 million (2.8%) from $637.5 million at June 30, 2024, to $619.6 million at March 31, 2025 [9] - Total liabilities decreased by $19.8 million (3.4%) from $584.7 million at June 30, 2024, to $564.9 million at March 31, 2025 [11] - Total deposits decreased by $17.2 million (3.0%) from $574.0 million at June 30, 2024, to $556.8 million at March 31, 2025 [11] Shareholders' Equity - Shareholders' equity increased by $1.9 million (3.6%) from $52.8 million at June 30, 2024, to $54.7 million at March 31, 2025 [13] - Book value per share increased to $17.55 at March 31, 2025, from $16.80 at June 30, 2024 [6] Asset Quality - Non-performing assets increased to $3.0 million at March 31, 2025, from $1.9 million at June 30, 2024 [12] - The allowance for credit losses as a percentage of total loans receivable was 1.00% at March 31, 2025, compared to 0.97% at June 30, 2024 [23]

Financial Performance - Net interest income for the three months ended December 31, 2024, was $4,600,000, down from $4,903,000 for the same period in 2023, a decrease of about 6.2%[10] - Net income for the three months ended December 31, 2024, was $1,020,000, compared to $1,003,000 for the same period in 2023, reflecting a slight increase of 1.7%[10] - Non-interest income for the three months ended December 31, 2024, was $488,000, compared to $137,000 for the same period in 2023, indicating a significant increase of 255.5%[10] - Total non-interest expense for the three months ended December 31, 2024, was $3,836,000, down from $4,249,000 for the same period in 2023, a decrease of about 9.7%[10] - Net income for the six months ended December 31, 2024, was $1,961,000, compared to $2,223,000 for the same period in 2023, indicating a decrease of about 11.8%[21] - The company reported a net cash provided by operating activities of $3,461,000 for the six months ended December 31, 2024, compared to a net cash used of $190,000 in the same period of 2023[21] - The total comprehensive income for the three months ended December 31, 2024, was $8,000, compared to $2,347,000 for the same period in 2023, indicating a significant decrease[12] - The total comprehensive income for the six months ended December 31, 2024, included an unrealized loss on debt securities of $10,000, compared to an unrealized gain of $532,000 in the same period of 2023[22] Assets and Liabilities - Total assets decreased from $637,512,000 on June 30, 2024, to $607,763,000 on December 31, 2024, representing a decline of approximately 4.7%[8] - Total deposits decreased from $574,007,000 on June 30, 2024, to $546,544,000 on December 31, 2024, a reduction of approximately 4.8%[8] - Total cash and cash equivalents at the end of the period were $19,540,000, down from $34,948,000 at the beginning of the period, representing a decrease of approximately 44%[22] - Total liabilities decreased by $30.9 million, or 5.3%, from $584.7 million at June 30, 2024 to $553.8 million at December 31, 2024[176] - Shareholders' equity increased by $1.1 million, or 2.1%, from $52.8 million at June 30, 2024 to $53.9 million at December 31, 2024, driven by net income of $2.0 million[177] Loans and Credit Quality - As of December 31, 2024, total loans receivable amounted to $463.5 million, a decrease from $475.5 million as of June 30, 2024, representing a decline of approximately 2.2%[94] - The net loans receivable after allowance for credit losses was $458.7 million at December 31, 2024, compared to $470.9 million at June 30, 2024, indicating a reduction of about 2.6%[94] - The allowance for credit losses increased from $4.57 million as of June 30, 2024, to $4.75 million as of December 31, 2024, marking an increase of approximately 4.0%[94] - The overall financial health of the loan portfolio appears stable, with a majority of loans rated as "Pass" across all categories[107] - As of December 31, 2024, total past due loans amounted to $6,052,000, with $1,822,000 being more than 90 days past due, representing a significant increase from $2,900,000 total past due loans as of June 30, 2024[114] Earnings Per Share - Basic earnings per share for the three months ended December 31, 2024, remained stable at $0.33, unchanged from the same period in 2023[10] - Basic and diluted earnings per share for the six months ended December 31, 2024, were $0.64, down from $0.73 for the same period in 2023[70] - Diluted earnings per share for the six months ended December 31, 2024, was $0.64, compared to $0.72 for the same period in 2023, indicating a decrease of approximately 11.1%[124] Credit Losses and Provisions - The provision for credit losses for the three months ended December 31, 2024, was a recovery of $45,000, compared to a recovery of $16,000 for the same period in 2023[10] - The company recognized no interest income on non-accrual loans for the six months ended December 31, 2024, and the potential gross interest income that could have been recorded was approximately $54,000[114] Regulatory and Compliance - Home Federal Bank's common equity tier 1 ratio was 13.23% at December 31, 2024, exceeding minimum capital requirements[178] - The Bank's tangible common equity tier 1 ratio was 13.23% as of December 31, 2024, exceeding regulatory capital requirements[202] Miscellaneous - The Company has implemented the current expected credit loss (CECL) model effective July 1, 2023, to estimate the allowance for credit losses (ACL) on loans[45] - The Company held no trading securities as of December 31, 2024, and June 30, 2024[37] - The Bank's investment in Federal Home Loan Bank (FHLB) stock is reflected at cost, as required by FHLB membership[40] - The Company has one wholly-owned subsidiary, Metro Financial Services, Inc., which does not currently engage in a meaningful amount of business[30]

Financial Performance - The Company reported net income of $1.02 million for the three months ended December 31, 2024, a slight increase from $1.00 million for the same period in 2023[1]. - For the six months ended December 31, 2024, net income was $2.0 million, down from $2.2 million in the prior year[1]. - Net income for the six-month period ending December 31, 2024, was $2.0 million, compared to $2.2 million for the same period in 2023, reflecting a decrease of approximately 11.74%[21]. Income and Expenses - Non-interest expense decreased by $413,000, or 9.7%, for the three months ended December 31, 2024, primarily due to reductions in various expense categories[2]. - Non-interest income increased by $351,000, or 256.2%, for the three months ended December 31, 2024, mainly due to a decrease in loss on sale of real estate[2]. - Total interest income for the six months ended December 31, 2024, was $15.4 million, down from $16.2 million in the same period of 2023, a decline of about 4.68%[21]. Assets and Liabilities - Total assets decreased by $29.7 million, or 4.7%, from $637.5 million at June 30, 2024, to $607.8 million at December 31, 2024[9]. - Total liabilities decreased by $30.9 million, or 5.3%, from $584.7 million at June 30, 2024, to $553.8 million at December 31, 2024[10]. - Total assets decreased from $637.5 million at June 30, 2024, to $607.8 million at December 31, 2024, a decline of approximately 4.65%[19]. - Total deposits decreased from $574.0 million at June 30, 2024, to $546.5 million at December 31, 2024, a reduction of about 4.77%[19]. Asset Quality - Nonperforming assets totaled $1.8 million, or 0.30% of total assets, at December 31, 2024, unchanged from June 30, 2024[4]. - As of December 31, 2024, non-performing assets decreased to $1.8 million from $1.9 million as of June 30, 2024, representing a reduction of approximately 5.26%[11]. - The allowance for credit losses as a percentage of total loans receivable was 1.02% as of December 31, 2024, compared to 1.00% at June 30, 2024[22]. Shareholder Equity - Shareholders' equity increased by $1.1 million, or 2.1%, from $52.8 million at June 30, 2024, to $53.9 million at December 31, 2024[13]. - Book value per share increased to $17.22 at December 31, 2024, from $16.73 at June 30, 2024[22]. Interest Rates - The average interest rate spread was 2.40% for the three months ended December 31, 2024, compared to 2.45% for the same period in 2023[2]. - The Company's net interest margin was 3.12% for the three months ended December 31, 2024, down from 3.14% in the prior year[2]. - The average interest rate spread for the three months ended December 31, 2024, was 2.40%, slightly down from 2.45% in the same period of 2023[22]. Return on Assets - The return on average assets for the six months ended December 31, 2024, was 0.62%, compared to 0.67% for the same period in 2023[22].